A large-scale compilation of choice and response-time data in intertemporal choice

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Abstract

The study of intertemporal choices (ITC) plays a vital role in psychological and behavioral economics research. Models of intertemporal choice (ITC) have traditionally focused on choices. A growing interest in the underlying cognitive processes has initiated the development of process models. Process models require process data, and yet ITC research has largely overlooked even the simplest process data -- response times (RTs). We present a database of choices and response times from $105$ ITC studies with $12,281$ subjects and $1,213,676$ trials. In addition to behavioral data, we collected various methodological and sample information (e.g., task procedure, incentivization). The objective of the ITC Database is to facilitate the development of more nuanced and accurate theories of ITC. The ITC Database is open to ongoing submissions and is projected to expand continuously.

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