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Decision time as information in judgment and choice

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  • Van de Calseyde, Philippe P.F.M.
  • Keren, Gideon
  • Zeelenberg, Marcel

Abstract

People often observe others’ decisions and the corresponding time it took them to reach the decision. Following a signaling perspective, we demonstrate that people derive information from the time that others needed in reaching a decision. Specifically, the findings of multiple experiments and a field study using data from the television show The Voice reveal that decision times are perceived as indicative of the degree of doubt that the decision maker experienced. In turn, these inferences of doubt reliably affected people’s preferences such as with whom to collaborate and negotiate, even when the collaboration would yield a normatively inferior outcome. These results are incompatible with the idea that an alternative will be chosen only on the basis of its outcomes. We portray a model that incorporates others’ decision times as a component of the choice process. Implications for how choices are affected by both outcomes and signals are discussed.

Suggested Citation

  • Van de Calseyde, Philippe P.F.M. & Keren, Gideon & Zeelenberg, Marcel, 2014. "Decision time as information in judgment and choice," Organizational Behavior and Human Decision Processes, Elsevier, vol. 125(2), pages 113-122.
  • Handle: RePEc:eee:jobhdp:v:125:y:2014:i:2:p:113-122
    DOI: 10.1016/j.obhdp.2014.07.001
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    References listed on IDEAS

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    Cited by:

    1. Antonio Cabrales & Antonio M. Espín & Praveen Kujal & Stephen Rassenti, 2017. "Humans’ (incorrect) distrust of reflective decisions," Working Papers 17-05, Chapman University, Economic Science Institute.
    2. Arthur S. Jago & Kristin Laurin, 2019. "Inferring Commitment from Rates of Organizational Transition," Management Science, INFORMS, vol. 67(6), pages 2842-2857, June.
    3. Efendić, Emir & Van de Calseyde, Philippe P.F.M. & Evans, Anthony M., 2020. "Slow response times undermine trust in algorithmic (but not human) predictions," Organizational Behavior and Human Decision Processes, Elsevier, vol. 157(C), pages 103-114.
    4. Rassenti, Stephen & Espin, Antonio M. & Kujal, Praveen, 2017. "Humans’ (incorrect) distrust of reflective decisions," CEPR Discussion Papers 11949, C.E.P.R. Discussion Papers.
    5. Anthony M. Evans & Joachim I. Krueger, 2017. "Ambiguity and expectation-neglect in dilemmas of interpersonal trust," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 12(6), pages 584-595, November.
    6. Matteo Cristofaro, 2016. "Cognitive styles in dynamic decision making: a laboratory experiment," International Journal of Management and Decision Making, Inderscience Enterprises Ltd, vol. 15(1), pages 53-82.
    7. Cary Frydman & Ian Krajbich, 2022. "Using Response Times to Infer Others’ Private Information: An Application to Information Cascades," Management Science, INFORMS, vol. 68(4), pages 2970-2986, April.
    8. Antonio Cabrales & Antonio M. Espin & Praveen Kujal & Stephen Rassenti, 2021. "Trustors' Disregard for Trustees Deciding Intuitively or Reflectively: Three Experiments on Time Constraints," Working Papers 21-08, Chapman University, Economic Science Institute.
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