Thinking fast, thinking badly
Jiménez Jiménez, Natalia 
ORCID: https://orcid.org/0000-0001-9077-4824, Rodriguez-Lara, Ismael, Tyran, Jean-Robert and Wengstrom, Erik
(2018)
Thinking fast, thinking badly.
Economics Letters, 162
.
pp. 41-44.
ISSN 0165-1765
[Article]
(doi:10.1016/j.econlet.2017.10.018)
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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.
| Item Type: | Article |
|---|---|
| Research Areas: | A. > Business School > Economics |
| Item ID: | 22754 |
| Notes on copyright: | © 2017 The Authors. Published by Elsevier B.V. This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). |
| Useful Links: | |
| Depositing User: | Ismael Rodriguez-Lara |
| Date Deposited: | 26 Oct 2017 14:52 |
| Last Modified: | 29 Nov 2022 20:18 |
| URI: | https://eprints.mdx.ac.uk/id/eprint/22754 |
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