Behavioral biases and cognitive reflection

In a large-scale laboratory experiment, we investigate whether subjects' scores on the cognitive reflection test (CRT) are related to their susceptibility to the base rate fallacy, the conservatism bias, overconfidence, and the endowment effect.

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Year of publication:	2010-07-28
Authors:	Hoppe, Eva Isabel ; Kusterer, David J.
Institutions:	Cologne Graduate School in Management, Economics and Social Sciences, Wirtschafts- und Sozialwissenschaftliche Fakultät
Subject:	Cognitive reflection test \| Base rate fallacy \| Conservatism \| Overconfidence \| Endowment effect

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Extent:	application/pdf
Series:	Cologne Graduate School Working Paper Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Published in Economics Letters, Vol. 110 (2), 2011, pages 97-100 Number 01-03
Classification:	C91 - Laboratory, Individual Behavior ; D80 - Information and Uncertainty. General ; J24 - Human Capital; Skills; Occupational Choice; Labor Productivity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008739724