Aleksandr Sinayev|Ellen Peters
Cognitive reflection vs. calculation in decision making
The Ohio State University|The Ohio State University
scores threeitem cognitive reflection test crt linked dualsystem theory normative decision making frederick 2005 particular crt thought measure monitoring system 1 intuitions cognitive reflection high enough intuitive errors detected problem solved however crt items also require numeric ability answered correctly unclear much numeric ability vs cognitive reflection contributes better decision making two studies crt responses used calculate cognitive reflection numeric ability numeracy scale also administered numeric ability measured crt numeracy scale accounted crts ability predict normative decisions subscale decisionmaking competence incentivized measures impatient riskaverse choice selfreported financial outcomes cognitive reflection contributed independent predictive power results similar whether two abilities modeled study 1 calculated using proportions studies 1 2 findings demonstrate numeric ability robust predictor superior decision making across multiple tasks outcomes also indicate correlations decision performance crt insufficient evidence implicate overriding intuitions decisionmaking biases outcomes examined numeric ability appears key mechanism instead