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The Cognitive Reflection Test (CRT) measures the ability to override intuitive, belief-based responses, high scoring individuals showing better performance on many cognitive tasks (e.g., reasoning, decision making). Two methods of improving CRT score are presently identified: forced content...
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Who is tempted by versus resilient to investment premiums from ‘sin stocks’ that produce social harm? We present a correlational (N = 218) and experimental study (N = 646) to examine a) willingness to invest in sin stocks without a return premium, b) how temptation increases as premiums...
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Previous studies show that decision makers lie more to avoid a loss than achieve a gain. Two compelling mechanisms might explain this observation. One assumes that lying is a risky activity, and relates to the shape of the monetary value function described by prospect theory, which assumes: (1)...
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