Cognitive abilities and behavioral biases

We use a simple, three-item test for cognitive abilities to investigate whether established behavioral biases that play a prominent role in behavioral economics and finance are related to cognitive abilities. We find that higher test scores on the cognitive reflection test of Frederick [Frederick, S...

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Main Authors: Oechssler, Joerg (Author) , Roider, Andreas (Author) , Schmitz, Patrick W. (Author)
Format: Article (Journal)
Language:English
Published: October 2009
In: Journal of economic behavior & organization
Year: 2009, Volume: 72, Issue: 1, Pages: 147-152
ISSN:1879-1751
DOI:10.1016/j.jebo.2009.04.018
Online Access:Verlag, Volltext: http://dx.doi.org/10.1016/j.jebo.2009.04.018
Verlag, Volltext: http://www.sciencedirect.com/science/article/pii/S0167268109001103
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Author Notes:Jörg Oechssler, Andreas Roider, Patrick W. Schmitz
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