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  7. Lecture by Prof. Dr. Nick Netzer, Zürich University, at the VWL Research Seminar on 14.01.2025

Lecture by Prof. Dr. Nick Netzer, Zürich University, at the VWL Research Seminar on 14.01.2025

We are pleased to announce that Prof. Dr. Nick Netzer, Zürich University, will give a lecture within the VWL research seminar on the topic of

"Time Is Knowledge: What Response Times Reveal"

The date is Tuesday, 14.01.2025, 4 p.m., in room FG1/00.08.

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.