The effects of enforced reflection in three simple experiments

Rubinstein (2007) has recently found that the frequency of (types of) decisions made in Internet experiments are related to the time taken for these decisions. Other authors have investigated this relationship by exerting some time pressure. In this paper, I report on an attempt to do the opposite,...

Full description

Saved in:
Bibliographic Details
Published in:MAGKS - Joint Discussion Paper Series in Economics (Band 02-2010)
Main Author: Frank, Björn
Format: Work
Language:English
Published: Philipps-Universität Marburg 2010
Subjects:
Online Access:PDF Full Text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Rubinstein (2007) has recently found that the frequency of (types of) decisions made in Internet experiments are related to the time taken for these decisions. Other authors have investigated this relationship by exerting some time pressure. In this paper, I report on an attempt to do the opposite, i.e., to enforce a longer reflection time. To ensure that subjects do not just wait but actually think for five minutes, they had to perform a five minutes focused free writing task. Free writing is a standard method adopted from creative writing courses; subjects are asked to write up everything that currently runs through their minds, without pausing. Enforced reflection significantly decreases the number chosen in beauty contest experiments, thus increasing the winning probability, and it increases the amount given in the solidarity game. For women, this increase is economically and statistically significant. The average amount offered in the ultimatum game is not higher for those who had performed the free writing task. However, after free writing, the share of 50:50 offers is significantly higher, which is in conflict with Rubinstein's conjecture that 50:50 offers take less time because they are instinctive (as opposed to cognitive).
Physical Description:12 Pages
ISSN:1867-3678
DOI:10.17192/es2024.0032