Journal article

Error-prone inference from response time: The case of intuitive generosity in public-good games

MP Recalde, A Riedl, L Vesterlund

Journal of Public Economics | Elsevier | Published : 2018

Abstract

Previous research on public-good games revealed greater contributions by fast decision-makers than by slow decision-makers. Interpreting greater contributions as generosity, this has been seen as evidence of generosity being intuitive. We caution that fast decisions are more prone to error, and that mistakes, rather than preferences, may drive the observed comparative static. Varying the location of the equilibrium in public-good games with a unique dominant strategy, we show that the location of the equilibrium determines whether contributions are larger for fast decision-makers than for slow decision-makers. Replicating previous results, we find that fast decision-makers give more than slo..

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University of Melbourne Researchers