Thinking Fast, Thinking Badly
Copyright policy )Thinking Fast, Thinking Badly
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.
- University of Vienna Austria
- University of Copenhagen Denmark
- MEDIZINISCHE UNIVERSITAT GRAZ Austria
- University of Granada Spain
- University of Copenhagen Denmark
Cognitive abilities, Response times, Reflective behavior, HBE, VWL, VCEE, ABILITY, Intuitive behavior, COGNITIVE REFLECTION, 502045 Behavioural economics, 502045 Verhaltensökonomie, Cognitive reflection
Cognitive abilities, Response times, Reflective behavior, HBE, VWL, VCEE, ABILITY, Intuitive behavior, COGNITIVE REFLECTION, 502045 Behavioural economics, 502045 Verhaltensökonomie, Cognitive reflection
selected citations These citations are derived from selected sources.This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).15 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Top 10% influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Average impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Top 10%
Citations provided by BIP!Popularity provided by BIP!