Time of Day and High-Stake Cognitive Assessments
研究发现，一天中的时间会影响高风险认知评估的表现，高峰出现在午后，且与昼夜节律一致，表明生物因素在经济决策中起重要作用。
Abstract A variety of external conditions may affect individual performance in high-stake cognitive assessments, with potentially lasting consequences on earnings and career. We provide the first causal evidence that the time of the day is an important condition affecting the performance at the moment of an evaluation. Exploiting a setting in which cognitive assessments are quasi-randomly assigned at a different time of day, we find that peak performance occurs in the early afternoon. The estimated time-of-day effects follow specific patterns consistent with the circadian rhythm, which suggests that biological factors are important determinants of performance even in economically meaningful settings.