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Does smart mean rational? A study of cognitive dispositions, heuristics and rationality

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dc.contributor Aalto-yliopisto fi
dc.contributor Aalto University en
dc.contributor.author Nisula, Juuso
dc.date.accessioned 2017-06-15T07:44:05Z
dc.date.available 2017-06-15T07:44:05Z
dc.date.issued 2016
dc.identifier.uri https://aaltodoc.aalto.fi/handle/123456789/26861
dc.description.abstract Human decision making is systematically less-than-fully rational and partly unconscious. Importantly, people's decisions deviate from the recommendations by "standard" economics in somewhat predictable ways, while some people are more prone to commit bias than others. Lately, there has been efforts to identify characteristics that can be used to predicts one's susceptibility to bias. This thesis studies the effects of cognitive characteristics of individuals on classical heuristics-andbiases tasks. The thesis utilizes data gathered in an online survey that had over 800 participants. Both the Cognitive Reflection Test and Need for Cognition score are found to correlate positively with consistent preferences, risk neutrality and more liberal views on social policy issues. The overlap between biases associated with CRT and NFC is limited, and both measures reliably predict outcomes in several decision making tasks, independent of each other. en
dc.format.extent 67
dc.format.mimetype application/pdf en
dc.language.iso en en
dc.title Does smart mean rational? A study of cognitive dispositions, heuristics and rationality en
dc.type G2 Pro gradu, diplomityö fi
dc.contributor.school Kauppakorkeakoulu fi
dc.contributor.school School of Business en
dc.contributor.department Taloustieteen laitos fi
dc.contributor.department Department of Economics en
dc.subject.keyword Aalto University
dc.subject.keyword Aalto-yliopisto
dc.subject.keyword behavioral economics
dc.subject.keyword käyttäytymisen taloustiede
dc.subject.keyword decision making
dc.subject.keyword päätöksenteko
dc.identifier.urn URN:NBN:fi:aalto-201801181124
dc.type.dcmitype text en
dc.programme.major Kansantaloustiede fi
dc.programme.major Economics en
dc.type.ontasot Pro gradu tutkielma fi
dc.type.ontasot Master's thesis en
dc.subject.helecon taloustieteet
dc.subject.helecon päätöksenteko
dc.subject.helecon arviointi
dc.subject.helecon ennusteet
dc.subject.helecon psykologia
dc.ethesisid 14766
dc.date.dateaccepted 2016-08-30
dc.location P1 I
local.aalto.openaccess yes
local.aalto.idthes 14766


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