@misc{10481/31517, year = {2008}, url = {http://hdl.handle.net/10481/31517}, abstract = {In a series of recent papers, Ariel Rubinstein claims that the study of response time sheds light on the process of reasoning involved in classical economic decision problems. In particular, he considers that a distinction can be drawn between instinc- tive and cognitive reasoning. This paper complements and expands upon Rubinstein's study on time responses. We show that strategic risk is the key element in explaining differences in median response time in ultimatum behavior.}, organization = {Financial support from the Spanish Ministry of Science and Innovation (grants ECO2012-30626, CSD2010-00034, and ECO2010-17049), the Government of Andalusia Project for Excellence in Research (grant P07.SEJ.02547), the Fundación Ramón Areces R+D 2011, and the European Research Council (advanced grant BRSCDP-TEA).}, publisher = {Universidad de Granada. Departamento de Teoría e Historia Económica}, keywords = {Economic experiments}, keywords = {Ultimatum game}, keywords = {Yes-or-no game}, keywords = {Median response time}, title = {Instinctive response in the ultimatum game}, author = {Brañas Garza, Pablo and Meloso, Debrah and Miller, Luis}, }