Cognitive (ir)reflection: New experimental evidence

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dc.contributorMicroeconomía Aplicada (GIMA)es_ES
dc.contributorEconomía Laboral y Econometría (ELYE)es_ES
dc.contributorDesarrollo, Métodos Cuantitativos y Teoría Económica (DMCTE)es_ES
dc.contributor.authorCueva, Carlos-
dc.contributor.authorIturbe-Ormaetxe, Iñigo-
dc.contributor.authorMata Pérez, Esther-
dc.contributor.authorPonti, Giovanni-
dc.contributor.authorSartarelli, Marcello-
dc.contributor.authorYu, Haihan-
dc.contributor.authorZhukova, Vita-
dc.contributor.otherUniversidad de Alicante. Departamento de Fundamentos del Análisis Económicoes_ES
dc.identifier.citationJournal of Behavioral and Experimental Economics. 2016, 64: 81-93. doi:10.1016/j.socec.2015.09.002es_ES
dc.identifier.issn2214-8043 (Print)-
dc.identifier.issn2214-8051 (Online)-
dc.description.abstractWe study how cognitive abilities correlate with behavioral choices by collecting evidence from almost 1200 subjects across eight experimental projects concerning a wide variety of tasks, including some classic risk and social preference elicitation protocols. The Cognitive Reflection Test (CRT) has been administered to all our experimental subjects, which makes our dataset one of the largest in the literature. We partition our subject pool into three groups depending on their CRT performance. Reflective subjects are those answering at least two of the three CRT questions correctly. Impulsive subjects are those who are unable to suppress the instinctive impulse to follow the intuitive – although incorrect – answer in at least two 2 questions. The remaining subjects form a residual group. We find that females score significantly less than males in the CRT and that, in their wrong answers, impulsive ones are observed more frequently. The 2D:4D ratio, which is higher for females, is correlated negatively with subjects’ CRT score. We also find that differences in risk attitudes across CRT groups crucially depend on the elicitation task. Finally, impulsive subjects have higher social (inequity-averse) concerns, while reflective subjects are more likely to satisfy basic consistency requirements in lottery choices.es_ES
dc.description.sponsorshipFinancial support from the Spanish Ministries of Education and Science and Economics and Competitiveness (SEJ 2007-62656, ECO2011-29230, ECO2012-34928 and ECO2013-43119), Universidad de Alicante (GRE 13–04), MIUR (PRIN 20103S5RN3_002), Generalitat Valenciana (Research Projects Gruposo3/086 and PROMETEO/2013/037) and Instituto Valenciano de Investigaciones Económicas (IVIE) is gratefully acknowledged.es_ES
dc.rights© 2015 Elsevier Inc.es_ES
dc.subjectBehavioral economicses_ES
dc.subjectCognitive reflectiones_ES
dc.subjectGender effectses_ES
dc.subject.otherFundamentos del Análisis Económicoes_ES
dc.titleCognitive (ir)reflection: New experimental evidencees_ES
Appears in Collections:INV - DMCTE - Artículos de Revistas
INV - GIMA - Artículos de Revistas
INV - ELYE - Artículos de Revistas

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