Cognitive reflection and economic order quantity inventory management: An experimental investigation
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DOI: 10.1002/mde.3154
Abstract: We use laboratory experiments to evaluate the effects of individuals' cognitive abilities on their behavior in a finite horizon economic order quantity model. Participants' abilities to balance intuitive judgment with cognitive deliberations are measured by… read more here.
Keywords: order quantity; cognitive reflection; economic order;
Effects of experience, choice architecture, and cognitive reflection in strategyproof mechanisms
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DOI: 10.1016/j.jebo.2020.01.012
Abstract: Abstract We study how performance in strategyproof mechanisms is affected by experience with the decision environment, choice architecture (selection among strategically equivalent mechanisms), and cognitive reflection. In both individual and strategic decisions, we observe substantial… read more here.
Keywords: choice architecture; strategyproof; performance; cognitive reflection ... See more keywords
The Development of Cognitive Reflection in China
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DOI: 10.1111/cogs.12966
Abstract: Cognitive reflection is the tendency to override an intuitive response so as to engage in the reflection necessary to derive a correct response. Here, we examine the emergence of cognitive reflection in a culture that… read more here.
Keywords: thinking; rational thinking; thinking normative; cognitive reflection ... See more keywords
Slower is not always better: Response-time evidence clarifies the limited role of miserly information processing in the Cognitive Reflection Test
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DOI: 10.1371/journal.pone.0186404
Abstract: We report a study examining the role of ‘cognitive miserliness’ as a determinant of poor performance on the standard three-item Cognitive Reflection Test (CRT). The cognitive miserliness hypothesis proposes that people often respond incorrectly on… read more here.
Keywords: crt items; reflection test; processing; response ... See more keywords
A Cue for Rational Reasoning: Introducing a Reference Point in Cognitive Reflection Tasks
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DOI: 10.5964/ejop.v15i1.1701
Abstract: The dual process framework posits that we reason using the quick System 1, and the deliberate System 2, both of which are part of our “adaptive toolbox”. The Cognitive Reflection Test (CRT) estimates which system… read more here.
Keywords: reference; cognitive reflection; system; reference point ... See more keywords