Vortrag von Prof. Dr. Nick Netzer, Universität Zürich im VWL Forschungsseminar am 14.01.2025

Das Institut für VWL freut sich ankündigen zu können, dass Prof. Dr. Nick Netzer, Universität Zürich, innerhalb des  VWL-Forschungsseminars einen Vortrag zum Thema

"Time Is Knowledge: What Response Times Reveal"

halten wird.

Termin ist Dienstag, der 14.01.2025, 16:00 Uhr, in Raum 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.