Abstract

We asked whether behavioral biases are related to cognitive abilities of Malaysian youth. Frederick's three-item Cognitive Reflection Test was used to understand the role of behavioral biases concerning behavioral economics and finance. The sample (n = 880) comprised of university students from different parts of Malaysia. We found significant CRT differences as a function of gender, race and age groups. In addition, lower scores on the CRT are correlated positively with time preference and conservatism, but not with risk preference or the conjunction fallacy. [PUBLICATION ABSTRACT]

Details

Title
Cognitive reflection test and behavioral biases in Malaysia
Author
Albaity, Mohamed; Rahman, Mahfuz; Shahidul, Islam
Pages
148-151
Publication year
2014
Publication date
Mar 2014
Publisher
Cambridge University Press
ISSN
19302975
Source type
Scholarly Journal
Language of publication
English
ProQuest document ID
1510739936
Copyright
Copyright Society for Judgment & Decision Making Mar 2014