Article contents
Using response times to measure ability on a cognitive task
Published online by Cambridge University Press: 17 January 2025
Abstract
I show how using response times as a proxy for effort can address a long-standing issue of how to separate the effect of cognitive ability on performance from the effect of motivation. My method is based on a dynamic stochastic model of optimal effort choice in which ability and motivation are the structural parameters. I show how to estimate these parameters from the data on outcomes and response times in a cognitive task. In a laboratory experiment, I find that performance on a digit-symbol test is a noisy and biased measure of cognitive ability. Ranking subjects by their performance leads to an incorrect ranking by their ability in a substantial number of cases. These results suggest that interpreting performance on a cognitive task as ability may be misleading.
JEL classification
- Type
- Original Paper
- Information
- Journal of the Economic Science Association , Volume 5 , Issue 1: Special Issue: Choice-Process Data in Experimental Economics , August 2019 , pp. 65 - 75
- Copyright
- Copyright © Economic Science Association 2019
Footnotes
Electronic supplementary material The online version of this article (https://doi.org/10.1007/s40881-019-00064-2) contains supplementary material, which is available to authorized users.
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