Comments on: Cognitive Reflection Test (CRT) - Answer right for $5!

By: confused

confused — Fri, 28 Sep 2007 23:28:53 +0000

I don’t get it. How is it 5 cents? 10 cents and one dollar equal $1.10.

By: violet

violet — Tue, 18 Jul 2006 20:52:11 +0000

That’s ok. I’m embarrased that I got it wrong the first time. Besides, I can’t find my PayPal info at the moment. Thanks anyway!

By: Tim Schroeder

Tim Schroeder — Tue, 18 Jul 2006 19:23:09 +0000

Bravo! That’s correct Violet. 5 cents is the correct answer to question number 1. Consider two equations: 1.05+.05=1.10 and 1.05 -.05=1.00 (violet, please use our contact form to send me your Paypal email for the $5).

So in summary here are the correct answers:

1. 5 cents
2. 5 minutes
3. 47 days

By: violet

violet — Tue, 18 Jul 2006 18:59:50 +0000

1. 5 cents

By: Tim Schroeder

Tim Schroeder — Tue, 18 Jul 2006 17:21:19 +0000

Sorry Violet. That is also the wrong answer for question number 1. :)

By: violet

violet — Tue, 18 Jul 2006 17:14:07 +0000

1. $0.10
2. 5
3. 47

By: Tim Schroeder

Tim Schroeder — Tue, 18 Jul 2006 15:23:37 +0000

Hi traineeinvestor,

You got 2 out of the 3 questions correct!

5 Minutes is the correct answer to question number 2 but the knee jerk reaction answer is 100. Each machine takes 5 minutes to make a widget, so 100 machines would get you 100 widgets in 5 minutes.

47 days is the correct answer to question number 3. The most common and wrong answer is 24

Can anyone get guestion 1 correct?
(traineeinvestor, please use our contact form to send me your Paypal email for the $5).

By: traineeinvestor

traineeinvestor — Tue, 18 Jul 2006 00:55:16 +0000

1. $1.05
2. 5 minutes
3.47 days