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BEGIN:VEVENT
DTSTAMP:20260615T040101Z
DTSTART;VALUE=DATE-TIME:20170223T143000
DTEND;VALUE=DATE-TIME:20170223T154500
SUMMARY:DR@W Forum: Johannes Lohse (Birmingham ÌÇÐÄTV School)
TZID:Europe/London
UID:20170223-8a1785d77b065d9b017b5dc5cb4f205f@warwick.ac.uk
CREATED:20170118T110207Z
DESCRIPTION:DR@W Forum: Johannes Lohse (Birmingham ÌÇÐÄTV School) Is fa
 irness really intuitive? Economists are increasingly interested in the c
 ognitive basis of pro-social behavior. Using response time data or time 
 pressure\, several authors have claimed that "fairness is intuitive". In
  light of conflicting empirical evidence\, we provide theoretical argume
 nts showing under which circumstances an increase in "fair" behavior due
  to time pressure provides unambiguous evidence in favor of the "fairnes
 s is intuitive" hypothesis. Drawing on recent applications of the Drift 
 Diffusion Model (Krajbich et al.\, 2015a)\, we demonstrate how the subje
 ctive difficulty of making a choice affects choices under time pressure 
 and time delay\, thereby making an unambiguous interpretation of time pr
 essure effects contingent on the choice situation. To explore our theore
 tical considerations and to retest the "fairness is intuitive" hypothesi
 s\, we analyze choices in two-person prisoner’s dilemma and binary dicta
 tor games. As in previous experiments\, we exogenously manipulate respon
 se times by placing subjects under time pressure or forcing them to dela
 y their decisions. In addition\, we manipulate the subjective difficulty
  of choosing the fair relative to the selfish option across all choice s
 ituations. Our main finding is that time pressure does not increase the 
 fraction of fair choices relative to time delay irrespective of the subj
 ective difficulty of choosing the fair option. Hence\, our results cast 
 doubt on the hypothesis that "fairness is intuitive".
LOCATION:Wolfson 3
CATEGORIES:Draw Forum
LAST-MODIFIED:20210819T093725Z
ORGANIZER;CN=Gill Gudger:
END:VEVENT
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