The effect of rational-experiential thinking style on stock-flow performance: The mediating role of cognitive reflection

Abstract

Stocks and flows are the foundations of dynamic systems. Understanding these mechanisms is essential in the lives of individuals. However, individuals often lack a good understanding of such systems. Previous studies have found that rational thinking as measured by cognitive reflection test (CRT) can positively influence stock-flow performance. CRT is an objective, 3-item scale for testing the level of rational thinking. However, it is unidimensional and does not assess rational and intuitive thinking styles, separately. Based on dual process theories, rational and intuitive styles are independent and separate with low correlations. To examine their separate effects, we designed a survey using Rational-Experiential thinking style test (REI-40). In addition, we examined the effect of ability and favorability as their sub-dimensions on stock-flow performance both directly and indirectly1through CRT. In total, 254 individuals participated in the study. The results provided support for the positive effect of rational thinking and negative effect of experiential (i.e., intuitive) thinking on stock-flow performance. Interestingly, the significant effects were related to the favorability sub-dimensions. Ability sub-dimensions had no significant effect on stock-flow performance. CRT partially mediated the effect of rationality dimension and its sub-dimension of rational favorability. It had no mediating effect on experientiality and its sub-dimensions. These results indicate that interest in rational thinking plays an important role in stock-flow performance. Furthermore, experiential ability has no negative effect on either CRT score or stock-flow performance. Rational favorability part of ERI-40 and CRT are most suitable for predicting performance in jobs related to stock-flow systems.