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The paper by Shane Frederick explores the relationship between cognitive ability and decision-making, introducing the Cognitive Reflection Test (CRT) as a measure of cognitive ability. It highlights how individuals with higher CRT scores tend to make more reflective decisions, particularly in relation to time and risk preferences. The study suggests that cognitive abilities significantly influence decision-making processes, challenging the tendency of researchers to overlook these factors in economic studie

Author

xanderr.66m

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EN