Eva I. Hoppe and David J. Kusterer
Economics Letters, Vol. 110 (2), 2011, 97-100.
Abstract. In a large-scale laboratory experiment, we investigate whether subjectsÂ´ scores on the cognitive reflection test (CRT) are related to their susceptibility to the base rate fallacy, the conservatism bias, overconfidence, and the endowment effect.
The working paper version is available for download at SSRN.
The paper is available for download.