EconPapers    
Economics at your fingertips  
 

Thinking fast, thinking badly

Natalia Jimenez, Ismael Rodriguez-Lara, Jean-Robert Tyran () and Erik Wengström ()
Additional contact information
Natalia Jimenez: Universidad de Granada (Spain)

No 17-24, Discussion Papers from University of Copenhagen. Department of Economics

Abstract: 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.

Keywords: cognitive ability; cognitive reflection; response time; intuitive behavior; reflective behavior (search for similar items in EconPapers)
JEL-codes: C91 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cbe, nep-exp and nep-neu
Date: 2017-11-02
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.econ.ku.dk/english/research/publications/wp/dp_2017/1724.pdf (application/pdf)

Related works:
Journal Article: Thinking fast, thinking badly (2018) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kud:kuiedp:1724

Access Statistics for this paper

More papers in Discussion Papers from University of Copenhagen. Department of Economics Øster Farimagsgade 5, Building 26, DK-1353 Copenhagen K., Denmark. Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Hoffmann ().

 
Page updated 2019-11-19
Handle: RePEc:kud:kuiedp:1724