Cognitive reflection and decision making

Cognitive reflection and decision making
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DOI:
10.1257/089533005775196732
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发表时间:
2005-09-01
影响因子:
8.4
通讯作者:
Frederick, S
Frederick, S
中科院分区:
经济学1区
文献类型:
--
作者:
Frederick, S

文献摘要

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本文介绍了三个项目的“认知反射测试”(CRT),作为一种简单的衡量认知能力 - 能力或性格,以反思问题并抵制报告想到的第一个回答。作者将表明,CRT分数可以预测在决策理论测试中突出特征的选择类型,例如预期的效用理论和前景理论。实际上,这种关系有时是如此牢固,以至于偏好本身可以有效地充当认知能力的表达 - 一个经验事实乞求理论解释。作者研究了CRT分数与两个重要的决策特征之间的关系:时间偏好和风险偏好。然后将CRT分数与其他认知能力或认知“样式”的度量进行比较。 CRT分数在男女之间表现出很大的差异,本文探讨了这与时间和风险偏好的性别差异的关系。最后一节介绍了认知能力与决策特征之间的相关性的解释。
This paper introduces a three-item "Cognitive Reflection Test" (CRT) as a simple measure of one type of cognitive ability-the ability or disposition to reflect on a question and resist reporting the first response that comes to mind. The author will show that CRT scores are predictive of the types of choices that feature prominently in tests of decision-making theories, like expected utility theory and prospect theory. Indeed, the relation is sometimes so strong that the preferences themselves effectively function as expressions of cognitive ability-an empirical fact begging for a theoretical explanation. The author examines the relation between CRT scores and two important decision-making characteristics: time preference and risk preference. The CRT scores are then compared with other measures of cognitive ability or cognitive "style." The CRT scores exhibit considerable difference between men and women and the article explores how this relates to sex differences in time and risk preferences. The final section addresses the interpretation of correlations between cognitive abilities and decision-making characteristics.