Publication: Time is knowledge: what response times reveal
Time is knowledge: what response times reveal
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Benkert, J.-M., Liu, S., & Netzer, N. (2026). Time is knowledge: what response times reveal (No. 449; Working Paper Series / Department of Economics).
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Response times contain information about economically relevant but unobserved variables like willingness to pay, preference intensity, quality, or happiness. We provide a general characterization of the properties of latent variables that can be detected using response time data. Our theoretical framework unifies and generalizes results in the literature and gives rise to many new applications. We illustrate the rich insights that the method can deliver through several empirical applications: revealed preference analysis, identifying
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Benkert, J.-M., Liu, S., & Netzer, N. (2026). Time is knowledge: what response times reveal (No. 449; Working Paper Series / Department of Economics).
