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.
|Date of creation:||28 Jul 2010|
|Date of revision:|
|Publication status:||Published in Economics Letters, Vol. 110 (2), 2011, pages 97-100|
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0465, University of Heidelberg, Department of Economics.
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