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Thinking fast, thinking badly

Jimenez, Natalia; Rodriguez-Lara, Ismael; Tyran, Jean Robert and Wengström, Erik LU (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.

Please use this url to cite or link to this publication:
author
organization
publishing date
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
language
English
LU publication?
yes
id
6ffface3-a9a8-41c1-bc29-f4f8a5cba59b
date added to LUP
2017-11-24 07:55:23
date last changed
2018-05-29 12:11:51
@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},
  keyword      = {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/},
  volume       = {162},
  year         = {2018},
}