Dohmen, Thomas; Falk, Armin; Huffman, David; Marklein, Felix - 2009
implications: rst, a substantial share
of the population seems to lack basic knowledge about stochastic processes and therefore ex … proxies educational and experience-related competencies, i.e. knowledge
(also referred to as crystallized intelligence).3 … These measures relate to respondents’ answers in
plausible ways: whereas the measure for knowledge is positively correlated …