Work

Cognitive reflection test and behavioral biases in Malaysia

Year: 2014

Type: article

Abstract: 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.

Source: Judgment and Decision Making

DOI: 10.1017/s1930297500005507

Authors: Mohamed Albaity, Mahfuzur Rahman, Islam Shahidul

Institution: University of Malaya

Language: English

Topic: Decision-Making and Behavioral Economics

Subfield: General Decision Sciences

Field: Decision Sciences

Domain: Social Sciences

Open Access status: gold

Estimated APC paid: $3,550

Funder: Universiti Malaya