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Exploring the Role of Deliberation Time in Non-Selfish Behavior: the Double Response Method

Autor
Krawczyk, Michał
Sylwestrzak, Marta
Data publikacji
2018
Abstrakt (EN)

In this paper, we explore the Double Response research method, in which, in each decision task, subjects supply one quick choice and one additional choice after a longer deliberation time. Assuming a simple dual-process framework, with the two modes of judgment running parallel to each other providing the decision-maker with their final estimates of the utility difference between the options, this method incentivizes the decision-maker to indicate which option they prefer in System 1 and which option is preferred in System 2. We apply the method to a series of simple decision tasks aimed at eliciting subjects’ social preferences (as in Charness and Rabin, 2002). We observe that time pressure leads to a negative attitude towards the earnings of other participants when they are higher than those of the decision-maker. In other words, deliberation decisions are typically updated towards those corresponding with lower aversion to disadvantageous inequality (“envy”).

Dyscyplina PBN
ekonomia i finanse
Czasopismo
Journal of Behavioral and Experimental Economics
Tom
72
Strony od-do
121-134
ISSN
2214-8043
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