Thinking fast, thinking badly

Natalia Jimenez, Ismael Rodriguez-Lara*, Jean-Robert Tyran, Erik Wengström

*Corresponding author for this work

Research output: Contribution to journalArticleScientificpeer-review

7 Citations (Scopus)

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.

Original languageEnglish
Peer-reviewed scientific journalEconomics letters
Volume162
Pages (from-to)41-44
Number of pages4
ISSN0165-1765
DOIs
Publication statusPublished - 01.01.2018
MoE publication typeA1 Journal article - refereed

Keywords

  • Cognitive abilities
  • Cognitive reflection
  • Intuitive behavior
  • Reflective behavior
  • Response times

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