Seminar: Levent Neyse (Berlin Social Science Center)

Mon, 01/08/2024 - 21:44
Publicación Científica con 2 boligrafos negro y rojo sobre ella

Title: Does Cognitive Reflection Relate to Preferences and Socio-Economic Outcomes?

Room: E22

Time: 12.30

Abstract: Cognitive abilities are associated with key preferences and socio-economic outcomes. One of the most frequently studied cognitive abilities is cognitive reflection, the ability to avoid intuitive but potentially wrong decisions by switching to a more analytical mindset. Using rich panel data in this pre-registered study, we show that stronger cognitive reflection is significantly associated with more saving and interpersonal trust and find suggestive evidence of a positive relationship with labor income. We do not observe any other statistically significant or suggestive associations with cognitive reflection and therefore cannot confirm previously reported findings concerning risk-taking, patience, and social preferences.