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Home Events
Time is Knowledge: What Response Times Reveal
Time is Knowledge: What Response Times Reveal
Time is Knowledge: What Response Times Reveal
Time is Knowledge: What Response Times Reveal
Time is Knowledge: What Response Times Reveal
4Oct
Economics

Time is Knowledge: What Response Times Reveal

4 October 2024 | 11:40 - 13:20 PM
KK 1119, K. K. Leung Building, HKU
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Speaker:

Prof. Shuo Liu
Associate Professor
Guanghua School of Management
Peking University

Abstract:

Response times contain information about economically relevant but unobserved variables like willingness to pay, preference intensity, quality, or happiness. Here, we provide a general characterization of the properties of latent variables that can be detected using response time data. Our characterization generalizes various results in the literature, helps to solve identification problems of binary response models, and paves the way for many new applications. We apply the result to test the hypothesis that marginal happiness is decreasing in income, a principle that is commonly accepted but so far not established empirically.

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Time is Knowledge: What Response Times Reveal
About Speaker
Prof. Shuo Liu

Associate Professor in Guanghua School of Management at the Peking University

Time is Knowledge: What Response Times Reveal
4 October 202411:40 - 13:20 PM
KK 1119, K. K. Leung Building, HKU
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