Thinking fast, thinking badly

Natalia Jimenez; Ismael Rodriguez-Lara; Jean-Robert Karl Tyran; Erik Roland Wengström

Thinking fast, thinking badly

Natalia Jimenez, Ismael Rodriguez-Lara, Jean-Robert Karl Tyran, Erik Roland Wengström

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.

Original language	English
Number of pages	37
Publication status	Published - 2017

Series	University of Copenhagen. Institute of Economics. Discussion Papers (Online)
Number	17-24
ISSN	1601-2461

Keywords

Faculty of Social Sciences
cognitive ability
cognitive reflection
response time
intuitive behavior
reflective behavior
C91

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KW - cognitive ability

KW - cognitive reflection

KW - response time

KW - intuitive behavior

KW - reflective behavior

KW - C91

M3 - Working paper

T3 - University of Copenhagen. Institute of Economics. Discussion Papers (Online)

BT - Thinking fast, thinking badly

ER -

Thinking fast, thinking badly

Abstract

Keywords

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