Thinking fast, thinking badly

Natalia Jimenez; Ismael Rodriguez-Lara; Jean-Robert Tyran; Erik Wengström

doi:10.1016/j.econlet.2017.10.018

Thinking fast, thinking badly

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

^*Motsvarande författare för detta arbete

Nationalekonomi, Helsingfors

Forskningsoutput: Tidskriftsbidrag › Artikel › Vetenskaplig › Peer review

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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.

Originalspråk	Engelska
Referentgranskad vetenskaplig tidskrift	Economics Letters
Volym	162
Sidor (från-till)	41-44
Antal sidor	4
ISSN	0165-1765
DOI	https://doi.org/10.1016/j.econlet.2017.10.018
Status	Publicerad - 01.01.2018
MoE-publikationstyp	A1 Originalartikel i en vetenskaplig tidskrift

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10.1016/j.econlet.2017.10.018Licens: CC BY-NC-ND

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Thinking fast, thinking badly

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