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Universität zu Köln
Wirtschafts- und Sozialwissenschaftliche Fakultät

Staatswissenschaftliches Seminar - Prof. Schmitz

Behavioral Biases and Cognitive Reflection

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 subjects´ 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.