Time in Economic Decision Making
Time and decision time as determinants of individual decisions have been largely neglected in economics, so far. The variable decision time can be thought of as important in itself – as a correlation between decision time and a resulting economic decision. However, it is also related to time pressure or stress on the one hand and deliberation and required reflection time (cooling off) on the other hand. It is obvious that time plays an important role in many microeconomic applications: e.g., purchase decisions, financial markets, and auctions. The workshop will assemble the existing scattered evidence regarding (decision) time and economic decision making, systematically classify the effects, and lay the foundations for future theoretical assessments.
Teilnehmer sind u.a.: Anja Achtziger (Friedrichshafen), Carlos Alós-Ferrer (Köln), Mongoljin Batsaikhan (Georgetown University), Veronika Grimm (Erlangen-Nürnberg), Matthias Sutter (Florenz), Erik Wengström (Lund).