Thinking fast, thinking badly
(2018) In Economics Letters 162. p.41-44- Abstract
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.
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https://lup.lub.lu.se/record/6ffface3-a9a8-41c1-bc29-f4f8a5cba59b
- author
- Jimenez, Natalia ; Rodriguez-Lara, Ismael ; Tyran, Jean Robert and Wengström, Erik LU
- organization
- publishing date
- 2018-01-01
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- Cognitive abilities, Cognitive reflection, Intuitive behavior, Reflective behavior, Response times
- in
- Economics Letters
- volume
- 162
- pages
- 4 pages
- publisher
- Elsevier
- external identifiers
-
- scopus:85033700393
- ISSN
- 0165-1765
- DOI
- 10.1016/j.econlet.2017.10.018
- language
- English
- LU publication?
- yes
- id
- 6ffface3-a9a8-41c1-bc29-f4f8a5cba59b
- date added to LUP
- 2017-11-24 07:55:23
- date last changed
- 2022-04-25 04:08:22
@article{6ffface3-a9a8-41c1-bc29-f4f8a5cba59b, abstract = {{<p>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.</p>}}, author = {{Jimenez, Natalia and Rodriguez-Lara, Ismael and Tyran, Jean Robert and Wengström, Erik}}, issn = {{0165-1765}}, keywords = {{Cognitive abilities; Cognitive reflection; Intuitive behavior; Reflective behavior; Response times}}, language = {{eng}}, month = {{01}}, pages = {{41--44}}, publisher = {{Elsevier}}, series = {{Economics Letters}}, title = {{Thinking fast, thinking badly}}, url = {{http://dx.doi.org/10.1016/j.econlet.2017.10.018}}, doi = {{10.1016/j.econlet.2017.10.018}}, volume = {{162}}, year = {{2018}}, }