Being of two minds : an ultimatum experiment investigating affective processes

We experimentally investigate how affective processes influence proposers' and responders' behaviour in the Ultimatum Game. Using a dual-system approach, we tax cognitive resources through time pressure and cognitive load to enhance the influence of affective processes on behaviour. We find that proposers offer more under time pressure and this seems to be due to strategic considerations rather than to other-regarding concerns. We also find that responders are more likely to reject under time pressure. Surprisingly, both proposers and responders appear to be unaffected by cognitive load manipulation.

[1]  Mónica C. Capra,et al.  Mood-Driven Behavior in Strategic Interactions , 2004 .

[2]  G. Loewenstein Out of control: Visceral influences on behavior , 1996 .

[3]  K. Vohs,et al.  Intellectual performance and ego depletion: role of the self in logical reasoning and other information processing. , 2003, Journal of personality and social psychology.

[4]  B. Shiv,et al.  Heart and Mind in Conflict: The Interplay of Affect and Cognition in Consumer Decision Making , 1999 .

[5]  Antonio Damasio,et al.  The somatic marker hypothesis: A neural theory of economic decision , 2005, Games Econ. Behav..

[6]  Aldo Rustichini,et al.  Your morals might be your moods , 2006 .

[7]  Avner Ben-Ner,et al.  Share and share alike? Gender-pairing, personality, and cognitive ability as determinants of giving , 2004 .

[8]  Jess Benhabib,et al.  Modeling internal commitment mechanisms and self-control: A neuroeconomics approach to consumption-saving decisions , 2005, Games Econ. Behav..

[9]  Jonathan D. Cohen,et al.  Neuroeconomics: cross-currents in research on decision-making , 2006, Trends in Cognitive Sciences.

[10]  S. Sloman The empirical case for two systems of reasoning. , 1996 .

[11]  M. Kocher,et al.  Bargaining under time pressure in an experimental ultimatum game , 2003 .

[12]  F. Hesse,et al.  Relative effectiveness and validity of mood induction procedures : a meta-analysis , 1996 .

[13]  J. Haidt The emotional dog and its rational tail: a social intuitionist approach to moral judgment. , 2001, Psychological review.

[14]  Richard P. Larrick,et al.  Social comparison and confidence: When thinking you’re better than average predicts overconfidence (and when it does not) , 2007 .

[15]  Frans van Winden,et al.  Affect and Fairness in Economics , 2007 .

[16]  S. Epstein Integration of the cognitive and the psychodynamic unconscious. , 1994, The American psychologist.

[17]  Jonathan D. Cohen,et al.  Journal of Economic Perspectives—Volume 19, Number 4—Fall 2005—Pages 3–24 The Vulcanization of the Human Brain: A Neural Perspective on Interactions Between Cognition and Emotion , 2022 .

[18]  Daniel Houser,et al.  Emotion expression in human punishment behavior. , 2005, Proceedings of the National Academy of Sciences of the United States of America.

[19]  Dan Zakay,et al.  The Impact of Time Perception Processes on Decision Making under Time Stress , 1993 .

[20]  D. Fudenberg,et al.  A Dual Self Model of Impulse Control , 2004, The American economic review.

[21]  O. Johansson-Stenman,et al.  Are Social Preferences Skin Deep? Dictators under Cognitive Load , 2009 .

[22]  Don A. Moore,et al.  Self-Interest, Automaticity, and the Psychology of Conflict of Interest , 2004 .

[23]  Robert J. Oxoby,et al.  Sequential decision and strategy vector methods in ultimatum bargaining: evidence on the strength of other-regarding behavior , 2004 .

[24]  J. Gross,et al.  The cognitive control of emotion , 2005, Trends in Cognitive Sciences.

[25]  Á. Pascual-Leone,et al.  Diminishing Reciprocal Fairness by Disrupting the Right Prefrontal Cortex , 2006, Science.

[26]  L. Warlop,et al.  Social Value Orientation as a Moral Intuition: Decision-Making in the Dictator Game , 2010 .

[27]  Matthew D. Lieberman,et al.  Reflexive and reflective judgment processes: A social cognitive neuroscience approach. , 2003 .

[28]  Barry Sopher,et al.  Advice and behavior in intergenerational ultimatum games: An experimental approach , 2007, Games Econ. Behav..

[29]  D. Tranel,et al.  Irrational Economic Decision-Making after Ventromedial Prefrontal Damage: Evidence from the Ultimatum Game , 2007, The Journal of Neuroscience.

[30]  B. Frank Clean Evidence on Face-to-Face: Why Experimental Economics is of Interest to Regional Economists , 2014 .

[31]  D. Kahneman,et al.  Representativeness revisited: Attribute substitution in intuitive judgment. , 2002 .

[32]  Marcel Zeelenberg,et al.  Emotions, Rejections, and Cooling off in the Ultimatum Game , 2001 .

[33]  R. Dolan,et al.  Emotion, Cognition, and Behavior , 2002, Science.

[34]  S. Frederick Journal of Economic Perspectives—Volume 19, Number 4—Fall 2005—Pages 25–42 Cognitive Reflection and Decision Making , 2022 .

[35]  A. Rustichini,et al.  Pay Enough or Don't Pay at All , 2000 .

[36]  Madan M. Pillutla,et al.  Unfairness, Anger, and Spite: Emotional Rejections of Ultimatum Offers , 1996 .

[37]  Erik Wengström,et al.  Fast or Fair? A Study of Response Times , 2008 .

[38]  G. Hockey,et al.  Effects of time-pressure on decision-making under uncertainty: changes in affective state and information processing strategy. , 2000, Acta psychologica.

[39]  James Konow,et al.  Fair Shares: Accountability and Cognitive Dissonance in Allocation Decisions , 2000 .

[40]  Alan G. Sanfey,et al.  Affective state and decision-making in the Ultimatum Game , 2006, Experimental Brain Research.

[41]  Ben Greiner,et al.  An Online Recruitment System for Economic Experiments , 2004 .

[42]  Siegfried Dewitte,et al.  Repeated choosing increases susceptibility to affective product features , 2006 .

[43]  A. Rubinstein Instinctive and Cognitive Reasoning: A Study of Response Times , 2006 .

[44]  U. Fischbacher z-Tree: Zurich toolbox for ready-made economic experiments , 1999 .

[45]  Noelle M. Nelson,et al.  Making choices impairs subsequent self-control: a limited-resource account of decision making, self-regulation, and active initiative. , 2008, Journal of personality and social psychology.

[46]  W. Güth,et al.  An experimental analysis of ultimatum bargaining , 1982 .

[47]  Luis C. Corchón,et al.  Addiction and Cue-Triggered Decision Processes. , 2004, The American economic review.

[48]  G. Loewenstein,et al.  Emote Control: The Substitution of Symbol for Substance in Foreign Policy and International Law , 2005 .

[49]  G. Loewenstein,et al.  The Heat of the Moment: Modeling Interactions Between Affect and Deliberation , 2007 .

[50]  T. Verguts,et al.  Thinking hard can break your will: The role of working memory in ego depletion. Running head: ego depletion and working memory , 2003 .

[51]  D. M. Kuhlman,et al.  Expectations of choice behavior held by cooperators, competitors, and individualists across four classes of experimental games. , 1976 .

[52]  Jonathan D. Cohen,et al.  The Neural Basis of Economic Decision-Making in the Ultimatum Game , 2003, Science.

[53]  Todd L. Cherry,et al.  Hardnose the Dictator , 2002 .

[54]  A. Ward,et al.  Don't mind if I do: disinhibited eating under cognitive load. , 2000, Journal of personality and social psychology.

[55]  Jan Fekke Ybema,et al.  On preferences and doing the right thing: Satisfaction with advantageous inequity when cognitive processing is limited , 2006 .

[56]  Dent,et al.  Cognitive Load and the Equality Heuristic: A Two-Stage Model of Resource Overconsumption in Small Groups. , 2000, Organizational behavior and human decision processes.

[57]  G. Loewenstein,et al.  Animal Spirits: Affective and Deliberative Processes in Economic Behavior , 2004 .

[58]  J. Metcalfe,et al.  A hot/cool-system analysis of delay of gratification: dynamics of willpower. , 1999, Psychological review.

[59]  Samuel M. McClure,et al.  Separate Neural Systems Value Immediate and Delayed Monetary Rewards , 2004, Science.

[60]  P. Whitney,et al.  Impulsive decision making and working memory. , 2003, Journal of experimental psychology. Learning, memory, and cognition.

[61]  G. Loewenstein,et al.  Do emotions help or hurt decision making?: A hedgefoxian perspective , 2007 .

[62]  Colin Camerer Behavioral Game Theory: Experiments in Strategic Interaction , 2003 .

[63]  Matthew T. Kaufman,et al.  Distributed Neural Representation of Expected Value , 2005, The Journal of Neuroscience.