Cognitive reflection as a predictor of susceptibility to behavioral anomalies
To study the effect of cognitive reflection on behavioral anomalies, we used the cognitive reflection test to measure cognitive reflection. The study was conducted on 395 Iranian university students and shows that subjects with lower cognitive reflection are significantly more likely to exhibit the...
| Main Author: | |
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| Format: | Article |
| Language: | English |
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Cambridge University Press
2016-01-01
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| Series: | Judgment and Decision Making |
| Subjects: | |
| Online Access: | http://journal.sjdm.org/15/151103/jdm151103.pdf |
| _version_ | 1797717645948092416 |
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| author | Mohammad Noori |
| author_facet | Mohammad Noori |
| author_sort | Mohammad Noori |
| collection | DOAJ |
| description | To study the effect of cognitive reflection on behavioral
anomalies, we used the cognitive reflection test to measure cognitive
reflection. The study was conducted on 395 Iranian university students and
shows that subjects with lower cognitive reflection are significantly more
likely to exhibit the conjunction fallacy, illusion of control, overconfidence,
base rate fallacy, and conservatism. In addition, test scores are correlated
with risk preferences. The results do not show any relationship between
cognitive reflection and self-serving bias or status quo bias. We also find
that gender is significantly related to illusion of control and self-serving
bias. |
| first_indexed | 2024-03-12T08:39:22Z |
| format | Article |
| id | doaj.art-f10bdd1b9ca64d4e8d96fa63ee440507 |
| institution | Directory Open Access Journal |
| issn | 1930-2975 |
| language | English |
| last_indexed | 2024-03-12T08:39:22Z |
| publishDate | 2016-01-01 |
| publisher | Cambridge University Press |
| record_format | Article |
| series | Judgment and Decision Making |
| spelling | doaj.art-f10bdd1b9ca64d4e8d96fa63ee4405072023-09-02T17:02:40ZengCambridge University PressJudgment and Decision Making1930-29752016-01-01111114120Cognitive reflection as a predictor of susceptibility to behavioral anomaliesMohammad NooriTo study the effect of cognitive reflection on behavioral anomalies, we used the cognitive reflection test to measure cognitive reflection. The study was conducted on 395 Iranian university students and shows that subjects with lower cognitive reflection are significantly more likely to exhibit the conjunction fallacy, illusion of control, overconfidence, base rate fallacy, and conservatism. In addition, test scores are correlated with risk preferences. The results do not show any relationship between cognitive reflection and self-serving bias or status quo bias. We also find that gender is significantly related to illusion of control and self-serving bias.http://journal.sjdm.org/15/151103/jdm151103.pdfcognitive reflection behavioral finance decision making behavioral anomalies gender.NAKeywords |
| spellingShingle | Mohammad Noori Cognitive reflection as a predictor of susceptibility to behavioral anomalies Judgment and Decision Making cognitive reflection behavioral finance decision making behavioral anomalies gender.NAKeywords |
| title | Cognitive reflection
as a predictor of susceptibility to behavioral anomalies |
| title_full | Cognitive reflection
as a predictor of susceptibility to behavioral anomalies |
| title_fullStr | Cognitive reflection
as a predictor of susceptibility to behavioral anomalies |
| title_full_unstemmed | Cognitive reflection
as a predictor of susceptibility to behavioral anomalies |
| title_short | Cognitive reflection
as a predictor of susceptibility to behavioral anomalies |
| title_sort | cognitive reflection as a predictor of susceptibility to behavioral anomalies |
| topic | cognitive reflection behavioral finance decision making behavioral anomalies gender.NAKeywords |
| url | http://journal.sjdm.org/15/151103/jdm151103.pdf |
| work_keys_str_mv | AT mohammadnoori cognitivereflectionasapredictorofsusceptibilitytobehavioralanomalies |