Cognitive reflection and decision making
Article Abstract:
A three-step "Cognitive Reflection Test" (CRT) is advanced as an easy touchstone of cognitive ability. The association of CRT with two decision-making features, namely time preference and risk preference, is examined. A comparative study of CRT with the different measures of cognitive faculty, such as Wonderlic Personnel Test (WPT), the Need for Cognition scale (NFC), etc. is also presented.
Publication Name: Journal of Economic Perspectives
Subject: Economics
ISSN: 0895-3309
Year: 2005
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Individual irrationality and aggregate outcomes
Article Abstract:
Using experimental proof, it is established that strategic complementarity and strategic substitutability are significant determining parameters of aggregate outcomes. It is revealed that a certain degree of strategic complementarity can amplify individual irrationality.
Publication Name: Journal of Economic Perspectives
Subject: Economics
ISSN: 0895-3309
Year: 2005
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The vulcanization of the human brain: a neural perspective on interactions between cognition and emotion
Article Abstract:
Some of the significant human brain imaging studies of decision-making behavior are reviewed. The association and interaction between the neural centers of emotional responses and higher cognition of the human brain are explored.
Publication Name: Journal of Economic Perspectives
Subject: Economics
ISSN: 0895-3309
Year: 2005
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