Download This PaperBehavioral Biases and Cognitive Reflection
10 Pages Posted: 16 Oct 2009
Date Written: October 14, 2009
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
JEL Classification: C91, D8, J24
Suggested Citation: Suggested Citation
Hoppe, Eva I. and Kusterer, David J., Behavioral Biases and Cognitive Reflection (October 14, 2009). Available at SSRN: https://ssrn.com/abstract=1488752 or http://dx.doi.org/10.2139/ssrn.1488752
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