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 (2005) indeed...
Saved in:
| Other Authors: | , , |
|---|---|
| Format: | Book/Monograph Working Paper |
| Language: | English |
| Published: |
Mannheim
Univ. Mannheim, Sonderforschungsbereich 504
May 19, 2008
Heidelberg Universitätsbibliothek der Universität Heidelberg May 19, 2008 Heidelberg University of Heidelberg, Department of Economics May 19, 2008 |
| Series: | Discussion paper series / Universität Heidelberg, Department of Economics
no. 465 Discussion Paper Series / Universität <Heidelberg> / Department of Economics 465 |
| In: |
Discussion paper series (no. 465)
|
| Subjects: | |
| Online Access: | Resolving-System, kostenfrei, Volltext: http://nbn-resolving.de/urn:nbn:de:bsz:180-madoc-20738 Resolving-System, kostenfrei, Volltext: http://nbn-resolving.de/urn:nbn:de:bsz:16-opus-94635 Verlag, Volltext: http://www.awi.uni-heidelberg.de/with2/Discussion%20papers/papers/dp465.pdf Resolving-System, Volltext: http://hdl.handle.net/10419/127285 
|
| Author Notes: | Jörg Oechssler ; Andreas Roider ; Patrick W. Schmitz |
MARC
| LEADER | 00000cam a2200000 c 4500 | ||
|---|---|---|---|
| 001 | 576916218 | ||
| 003 | DE-627 | ||
| 005 | 20241127214303.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 080929s2008 gw |||||o 00| ||eng c | ||
| 024 | 7 | |a urn:nbn:de:bsz:180-madoc-20738 |2 urn | |
| 024 | 7 | |a urn:nbn:de:bsz:16-opus-94635 |2 urn | |
| 024 | 7 | |a 10419/127285 |2 hdl | |
| 035 | |a (DE-627)576916218 | ||
| 035 | |a (DE-576)286091615 | ||
| 035 | |a (DE-599)GBV576916218 | ||
| 035 | |a (OCoLC)845432617 | ||
| 035 | |a (OCoLC)316082075 | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 044 | |c XA-DE | ||
| 082 | 0 | |a 330 |q BSZ | |
| 082 | 0 | 4 | |a 330 |
| 084 | |a 17 |2 sdnb | ||
| 084 | |a 17 |2 sdnb | ||
| 084 | |a C91 |a D80 |a D90 |a J24 |2 jelc | ||
| 245 | 0 | 0 | |a Cognitive abilities and behavioral biases |c Jörg Oechssler ; Andreas Roider ; Patrick W. Schmitz |
| 264 | 1 | |a Mannheim |b Univ. Mannheim, Sonderforschungsbereich 504 |c May 19, 2008 | |
| 264 | 1 | |a Heidelberg |b Universitätsbibliothek der Universität Heidelberg |c May 19, 2008 | |
| 264 | 2 | 1 | |a Heidelberg |b University of Heidelberg, Department of Economics |c May 19, 2008 |
| 300 | |a 1 Online-Ressource | ||
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 490 | 1 | |a Discussion paper series / Universität Heidelberg, Department of Economics |v no. 465 | |
| 490 | 1 | |a Discussion Paper Series / Universität <Heidelberg> / Department of Economics |v 465 | |
| 520 | |a 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 (2005) indeed are correlated with lower incidences of the conjunction fallacy, conservatism in updating probabil-ities, and overconfidence. Test scores are also significantly related to subjects' time and risk preferences. We find no influence on anchoring. However, even if biases are lower for people with higher cognitive abilities, they still remain substantial. | ||
| 538 | |a Systemvoraussetzungen: Acrobat Reader. | ||
| 650 | 7 | |8 1.1\x |a Anlageverhalten |0 (DE-627)091347041 |0 (DE-2867)18674-6 |2 stw | |
| 650 | 7 | |8 1.2\x |a Verhaltensökonomik |0 (DE-627)091397391 |0 (DE-2867)15861-1 |2 stw | |
| 650 | 7 | |8 1.3\x |a Kognition |0 (DE-627)091370930 |0 (DE-2867)19601-0 |2 stw | |
| 650 | 7 | |8 1.4\x |a Entscheidung |0 (DE-627)091357241 |0 (DE-2867)15466-0 |2 stw | |
| 650 | 7 | |8 1.5\x |a Experiment |0 (DE-627)091358795 |0 (DE-2867)19038-1 |2 stw | |
| 650 | 4 | |8 1.6\x |a Cognitive Reflection Test |2 stw | |
| 650 | 4 | |a behavioral finance |7 (dpeaa)DE-206 | |
| 650 | 4 | |a biases |7 (dpeaa)DE-206 | |
| 650 | 4 | |a cognitive abilities |7 (dpeaa)DE-206 | |
| 650 | 4 | |a cognitive reflection test |7 (dpeaa)DE-206 | |
| 655 | 4 | |0 (DE-206)24 |a Arbeitspapier |5 DE-206 | |
| 655 | 4 | |0 (DE-206)34 |a Graue Literatur |5 DE-206 | |
| 689 | 0 | 0 | |d s |0 (DE-588)4144276-3 |0 (DE-627)105599530 |0 (DE-576)209732830 |a Befangenheit |2 gnd |
| 689 | 0 | 1 | |d s |0 (DE-588)4164465-7 |0 (DE-627)105447315 |0 (DE-576)209888687 |a Kognitive Kompetenz |2 gnd |
| 689 | 0 | 2 | |d s |0 (DE-588)4162244-3 |0 (DE-627)105463892 |0 (DE-576)20987211X |a Investitionsentscheidung |2 gnd |
| 689 | 0 | |5 (DE-627) | |
| 700 | 1 | |a Oechssler, Joerg |0 (DE-588)118045083 |0 (DE-627)509801927 |0 (DE-576)291684483 |4 oth | |
| 700 | 1 | |a Roider, Andreas |d 1971- |0 (DE-588)12488122X |0 (DE-627)367430533 |0 (DE-576)294549056 |4 oth | |
| 700 | 1 | |a Schmitz, Patrick W. |0 (DE-588)121527328 |0 (DE-627)479151253 |0 (DE-576)292755325 |4 oth | |
| 776 | 0 | 8 | |i Erscheint auch als |n Druck-Ausgabe |a Oechssler, Joerg |t Cognitive abilities and behavioral biases |d Mannheim : Univ. Mannheim, Sonderforschungsbereich 504, 2008 |h 12 Bl. |w (DE-627)1355090687 |w (DE-576)285090682 |
| 810 | 2 | |a Universität Heidelberg |b Wirtschaftswissenschaftliche Fakultät |t Discussion paper series |v no. 465 |9 46500 |w (DE-627)505754274 |w (DE-576)281296995 |w (DE-600)2217357-2 |7 am | |
| 810 | 2 | |a Universität Heidelberg |b Wirtschaftswissenschaftliche Fakultät |t Discussion paper series |v 465 |9 465 |w (DE-627)505754274 |w (DE-576)281296995 |w (DE-600)2217357-2 |7 am | |
| 856 | 4 | 0 | |u http://nbn-resolving.de/urn:nbn:de:bsz:180-madoc-20738 |q application/pdf |x Resolving-System |z kostenfrei |3 Volltext |
| 856 | 4 | 0 | |u http://nbn-resolving.de/urn:nbn:de:bsz:16-opus-94635 |q application/pdf |x Resolving-System |z kostenfrei |3 Volltext |
| 856 | 4 | 0 | |u http://www.awi.uni-heidelberg.de/with2/Discussion%20papers/papers/dp465.pdf |x Verlag |3 Volltext |
| 856 | 4 | 0 | |u http://hdl.handle.net/10419/127285 |x Resolving-System |3 Volltext |
| 935 | |i Blocktest | ||
| 951 | |a BO | ||
| 990 | |a Investitionsentscheidung | ||
| 990 | |a Kognitive Kompetenz | ||
| 990 | |a Befangenheit | ||
| 992 | |a 20220811 | ||
| 993 | |a WorkingPaper | ||
| 994 | |a 2008 | ||
| 998 | |g 118045083 |a Oechssler, Joerg |m 118045083:Oechssler, Joerg |d 180000 |d 181000 |e 180000PO118045083 |e 181000PO118045083 |k 0/180000/ |k 1/180000/181000/ |p 1 |x j | ||
| 999 | |a KXP-PPN576916218 |e 4178473352 | ||
| BIB | |a Y | ||
| JSO | |a {"id":{"hdl":["10419/127285"],"uri":["urn:nbn:de:bsz:180-madoc-20738","urn:nbn:de:bsz:16-opus-94635"],"eki":["576916218"]},"origin":[{"dateIssuedDisp":"May 19, 2008","dateIssuedKey":"2008","publisher":"Univ. Mannheim, Sonderforschungsbereich 504 ; Universitätsbibliothek der Universität Heidelberg ; University of Heidelberg, Department of Economics","publisherPlace":"Mannheim ; Heidelberg ; Heidelberg"}],"title":[{"title_sort":"Cognitive abilities and behavioral biases","title":"Cognitive abilities and behavioral biases"}],"person":[{"family":"Oechssler","given":"Joerg","display":"Oechssler, Joerg","role":"oth"},{"display":"Roider, Andreas","role":"oth","family":"Roider","given":"Andreas"},{"family":"Schmitz","given":"Patrick W.","display":"Schmitz, Patrick W.","role":"oth"}],"name":{"displayForm":["Jörg Oechssler ; Andreas Roider ; Patrick W. Schmitz"]},"relMultPart":[{"title":[{"title_sort":"Discussion paper series / University of Heidelberg, Department of Economics","title":"Discussion paper series / University of Heidelberg, Department of Economics"}],"type":{"bibl":"serial","media":"Online-Ressource"},"disp":"Discussion paper series / Universität Heidelberg, Department of Economics","note":["Frühere Jahrgänge online nicht mehr verfügbar","Gesehen am 01.12.2020"],"recId":"505754274","corporate":[{"roleDisplay":"VerfasserIn","display":"Universität Heidelberg","role":"aut"},{"role":"isb","display":"Alfred-Weber-Institut für Wirtschaftswissenschaften","roleDisplay":"Herausgebendes Organ"}],"language":["ger","eng"],"pubHistory":["Nr. 326.2000-no. 691 (2020)"],"part":{"number_sort":["46500","465"],"number":["no. 465","465"]},"titleAlt":[{"title":"AWI discussion paper series"},{"title":"Discussion papers online"}],"origin":[{"dateIssuedKey":"2000","publisher":"[Verlag nicht ermittelbar]","dateIssuedDisp":"2000-2020","publisherPlace":"Heidelberg"}],"id":{"zdb":["2217357-2"],"eki":["505754274"],"hdl":["10419/127204"]},"physDesc":[{"extent":"Online-Ressource"}],"dispAlt":"Universität Heidelberg / Wirtschaftswissenschaftliche Fakultät: Discussion paper series"}],"language":["eng"],"recId":"576916218","physDesc":[{"extent":"1 Online-Ressource"}],"type":{"bibl":"edited-book","media":"Online-Ressource"}} | ||
| SRT | |a COGNITIVEA1920 | ||