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Behavioral biases and cognitive reflection

Eva Hoppe and David Kusterer

No 01-03, Cologne Graduate School Working Paper Series from Cologne Graduate School in Management, Economics and Social Sciences

Abstract: 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.

Keywords: Cognitive reflection test; Base rate fallacy; Conservatism; Overconfidence; Endowment effect (search for similar items in EconPapers)
JEL-codes: C91 D80 J24 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cbe, nep-exp and nep-neu
Date: 2010-07-28
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Published in Economics Letters, Vol. 110 (2), 2011, pages 97-100

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