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Cognitive Abilities, Analytic Cognitive Style And Overconfidence: A Commentary On Duttle (2016)

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  • MichaÅ‚ BiaÅ‚ek
  • Artur Domurat

Abstract

In his recent paper, Duttle (2016) showed that individuals with higher cognitive abilities show less overconfidence. In these findings, cognitive abilities were equated with an analytic cognitive style (as measured by a cognitive reflection test, or CRT), although recent works in the field of cognitive psychology suggest separating these two constructs. In particular, it is argued that the analytic cognitive style, but not cognitive abilities, decreases susceptibility to cognitive biases. Analyses of data from Duttle's study support this assertion. Implications for cognitive psychology and behavioural economics are discussed.

Suggested Citation

  • MichaÅ‚ BiaÅ‚ek & Artur Domurat, 2018. "Cognitive Abilities, Analytic Cognitive Style And Overconfidence: A Commentary On Duttle (2016)," Bulletin of Economic Research, Wiley Blackwell, vol. 70(1), pages 119-125, January.
    • Handle: RePEc:bla:buecrs:v:70:y:2018:i:1:p:e119-e125
    DOI: 10.1111/boer.12117
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    References listed on IDEAS

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    1. Oechssler, Jörg & Roider, Andreas & Schmitz, Patrick W., 2009. "Cognitive abilities and behavioral biases," Journal of Economic Behavior & Organization, Elsevier, vol. 72(1), pages 147-152, October.
    2. repec:cup:judgdm:v:11:y:2016:i:1:p:114-120 is not listed on IDEAS
    3. Shane Frederick, 2005. "Cognitive Reflection and Decision Making," Journal of Economic Perspectives, American Economic Association, vol. 19(4), pages 25-42, Fall.
    4. Hoppe, Eva I. & Kusterer, David J., 2011. "Behavioral biases and cognitive reflection," Economics Letters, Elsevier, vol. 110(2), pages 97-100, February.
    5. Kai Duttle, 2016. "Cognitive Skills And Confidence: Interrelations With Overestimation, Overplacement And Overprecision," Bulletin of Economic Research, Wiley Blackwell, vol. 68(S1), pages 42-55, December.
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    2. Gerardo Sabater-Grande & Nikolaos Georgantzís & Noemí Herranz-Zarzoso, 2023. "Goals and guesses as reference points: a field experiment on student performance," Theory and Decision, Springer, vol. 94(2), pages 249-274, February.

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