Erik Wengström
Studierektor forskarutbildning, Nationalekonomiska institutionen, Professor
Thinking fast, thinking badly
Författare
Summary, in English
We test for the construct validity of the cognitive reflection test (CRT) by eliciting response times. We find that incorrect answers to the CRT are quicker than correct answers. At the individual level, we classify subjects into impulsive and reflective, depending on whether they choose the incorrect intuitive answer or the correct answer the majority of the time. We show that impulsive subjects complete the test quicker than reflective subjects.
Avdelning/ar
- Nationalekonomiska institutionen
Publiceringsår
2018-01-01
Språk
Engelska
Sidor
41-44
Publikation/Tidskrift/Serie
Economics Letters
Volym
162
Dokumenttyp
Artikel i tidskrift
Förlag
Elsevier
Ämne
- Economics
Nyckelord
- Cognitive abilities
- Cognitive reflection
- Intuitive behavior
- Reflective behavior
- Response times
Aktiv
Published
ISBN/ISSN/Övrigt
- ISSN: 0165-1765