Thinking Fast, Thinking Badly

Autor(en)
Natalia Jimenez, ismael Rodriguez-Lara, Jean-Robert Tyran, Erik Wengström
Abstrakt

We test for the construct validity of the cognitive reflection test (CRT) by eliciting response times. We find that incorrect answers to the CRT are quicker than correct answers. At the individual level, we classify subjects into impulsive and reflective, depending on whether they choose the incorrect intuitive answer or the correct answer the majority of the time. We show that impulsive subjects complete the test quicker than reflective subjects.

Organisation(en)
Institut für Volkswirtschaftslehre, Wiener Zentrum für Experimentelle Wirtschaftsforschung
Externe Organisation(en)
Lund University, Middlesex University, Universidad Pablo de Olavide
Journal
Economics Letters
Band
162
Seiten
41-44
Anzahl der Seiten
4
ISSN
0165-1765
DOI
https://doi.org/10.1016/j.econlet.2017.10.018
Publikationsdatum
01-2018
Peer-reviewed
Ja
ÖFOS 2012
502045 Verhaltensökonomie
Schlagwörter
ASJC Scopus Sachgebiete
Economics and Econometrics, Finance
Link zum Portal
https://ucris.univie.ac.at/portal/de/publications/thinking-fast-thinking-badly(44861b67-d257-4d10-9c8a-7451cb2afe9b).html