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COGNITIVE ABILITIES, ANALYTIC COGNITIVE STYLE AND OVERCONFIDENCE: A COMMENTARY ON DUTTLE (2016)
Author(s) -
Białek Michał,
Domurat Artur
Publication year - 2018
Publication title -
bulletin of economic research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.227
H-Index - 29
eISSN - 1467-8586
pISSN - 0307-3378
DOI - 10.1111/boer.12117
Subject(s) - overconfidence effect , cognitive style , cognition , psychology , assertion , cognitive psychology , style (visual arts) , cognitive dissonance , social psychology , computer science , archaeology , history , programming language , neuroscience
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.