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Behavioral biases and cognitive reflection

Author

Listed:
  • Eva I. Hoppe

    (Department of Economics, University of Cologne)

  • David J. Kusterer

    (Department of Economics, University of Cologne)

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

  • Eva I. Hoppe & David J. Kusterer, 2010. "Behavioral biases and cognitive reflection," Cologne Graduate School Working Paper Series 01-03, Cologne Graduate School in Management, Economics and Social Sciences.
    • Handle: RePEc:cgr:cgsser:01-03
    as

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    File URL: http://www.cgs.uni-koeln.de/fileadmin/wiso_fak/cgs/pdf/working_paper/CGS_Hoppe_Kusterer_CRT.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Cognitive reflection test; Base rate fallacy; Conservatism; Overconfidence; Endowment effect;
    All these keywords.

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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