We experimentally explore the effects of time limitation on decision making. Under different time allowance conditions, subjects are presented with a queueing situation and asked to join one of the two given queues. The results can be grouped under two main categories. The first one concerns the factors driving decisions in a queueing system. Only some subjects behave consistently with rationality principles and use the relevant information efficiently. The rest of the subjects seem to adopt a simpler strategy that does not incorporate some information into their decision. The second category is related to the effects of time limitation on decision performance. A substantial proportion of the population is not affected by time limitations and shows consistent behavior throughout the treatments. On the other hand, some subjects’ performance is impaired by time limitations. More importantly, this impairment is not due to the stringency of the limitation but rather to being exposed to a time constraint.

The impact of time limitation: Insights from a queueing experiment / Conte, Anna; Scarsini, Marco; Sürücü, Oktay. - In: JUDGMENT AND DECISION MAKING. - ISSN 1930-2975. - 11:3(2016), pp. 260-274.

The impact of time limitation: Insights from a queueing experiment

SCARSINI, MARCO;
2016

Abstract

We experimentally explore the effects of time limitation on decision making. Under different time allowance conditions, subjects are presented with a queueing situation and asked to join one of the two given queues. The results can be grouped under two main categories. The first one concerns the factors driving decisions in a queueing system. Only some subjects behave consistently with rationality principles and use the relevant information efficiently. The rest of the subjects seem to adopt a simpler strategy that does not incorporate some information into their decision. The second category is related to the effects of time limitation on decision performance. A substantial proportion of the population is not affected by time limitations and shows consistent behavior throughout the treatments. On the other hand, some subjects’ performance is impaired by time limitations. More importantly, this impairment is not due to the stringency of the limitation but rather to being exposed to a time constraint.
Decision times; Experimentation; Join the shortest queue; Time pressure; Economics and Econometrics; Decision Sciences (all); Applied Psychology
The impact of time limitation: Insights from a queueing experiment / Conte, Anna; Scarsini, Marco; Sürücü, Oktay. - In: JUDGMENT AND DECISION MAKING. - ISSN 1930-2975. - 11:3(2016), pp. 260-274.
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11385/166296
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