Behavioral biases and cognitive reflection
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.
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- Oechssler, Jörg & Roider, Andreas & Schmitz, Patrick W., 2009.
"Cognitive abilities and behavioral biases,"
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Cologne Graduate School Working Paper Series
01-04, Cologne Graduate School in Management, Economics and Social Sciences.
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