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Behavioral biases and cognitive reflection

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  • Hoppe, Eva I.
  • Kusterer, David J.

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.

Suggested Citation

  • Hoppe, Eva I. & Kusterer, David J., 2011. "Behavioral biases and cognitive reflection," Economics Letters, Elsevier, vol. 110(2), pages 97-100, February.
    • Handle: RePEc:eee:ecolet:v:110:y:2011:i:2:p:97-100
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    References listed on IDEAS

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