Oechssler, Jörg; Roider, Andreas; Schmitz, Patrick W. - In: Journal of Economic Behavior & Organization 72 (2009) 1, pp. 147-152
We use a simple, three-item test for cognitive abilities to investigate whether established behavioral biases that play a prominent role in behavioral economics and finance are related to cognitive abilities. We find that higher test scores on the cognitive reflection test of Frederick...