Cognitive reflection test and behavioral biases in Malaysia
We asked whether behavioral biases are related to cognitive abilities of Malaysian youth. Frederick's three-item Cognitive Reflection Test was used to understand the role of behavioral biases concerning behavioral economics and finance. The sample (n = 880) comprised of university students from...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Cambridge University Press
2014-03-01
|
| Series: | Judgment and Decision Making |
| Subjects: | |
| Online Access: | http://journal.sjdm.org/13/131116a/jdm131116a.pdf |
| Summary: | We asked whether
behavioral biases are related to cognitive abilities of Malaysian youth.
Frederick's three-item Cognitive Reflection Test was used to understand the
role of behavioral biases concerning behavioral economics and finance. The
sample (n = 880) comprised of university students from different parts of
Malaysia. We found significant CRT differences as a function of gender, race
and age groups. In addition, lower scores on the CRT are correlated positively
with time preference and conservatism, but not with risk preference or the
conjunction fallacy. |
|---|---|
| ISSN: | 1930-2975 |