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Endogenous timing can help to derive the time structure of decision making instead of assuming it as exogenously given …
Persistent link: https://www.econbiz.de/10009781586
hypothesize that technological innovations, which improved information transmission and shortened the response time between an …
Persistent link: https://www.econbiz.de/10011549387
We experimentally investigate the effect of time pressure in a rich-context, unstructured bargaining game with earned … very similar across different levels of time pressure. Nevertheless, as predicted, time pressure systematically influenced … with time pressure, and the likelihood of reaching the implicit reference point (equal division) in agreements decreases …
Persistent link: https://www.econbiz.de/10011411276
This paper presents an empirical investigation of the relation between decision speed and decision quality for a real-world setting of cognitively-demanding decisions in which the timing of decisions is endogenous: professional chess. Move-by-move data provide exceptionally detailed and precise...
Persistent link: https://www.econbiz.de/10012806643
People’s value for their own time is a key input in evaluating public policies: evaluations should account for time …-DeGroot-Marschak - BDM - mechanism of Becker et al., 1964) correctly measure participants' value of time. Using a structural model, we … cash either for time or for goods. Our model estimates suggest that valuing the time of the self-employed at 60% of the …
Persistent link: https://www.econbiz.de/10012815796
happiness or other variables are detectable based on response time data without making distributional assumptions. In our survey …
Persistent link: https://www.econbiz.de/10014251062
detrended data for personal consumption expenditures and manufacturing output suggest that the U.S. economy has recovered to … near 90% of pre-pandemic levels as of March 2021, our structural VAR model shows that the component of manufacturing output …
Persistent link: https://www.econbiz.de/10012550202
Using firm-level data from France, we document that the shift of economic activity from manufacturing to services over … manufacturing firms that increasingly locate in suburban and rural areas. Motivated by these findings, we estimate a structural … strengthened for services but weakened for manufacturing. This divergence is a key driver of the urban bias but it dampens …
Persistent link: https://www.econbiz.de/10014442769
Persistent link: https://www.econbiz.de/10003498769
amenities produces from the two stands may be complements or substitutes, both in space and over time. In the presence of stand … between stands evolves through time. …
Persistent link: https://www.econbiz.de/10011409170