by Summary:
Intuitive, appealing, and — wrong One of the main functions of System 2 is to monitor and control thoughts and actions “suggested” by System 1 … For an example, here is a simple puzzle. Do not try to solve it but listen to your intuition: A bat and ball cost .10. The bat costs one dollar more than the ball. How much does the ball cost? A number came to your mind. The number, of course, is 10: 10 cents. The distinctive mark of this easy puzzle is that it evokes an answer that is intuitive, appealing, and wrong … The right answer is 5 cents.
Topics:
Lars Pålsson Syll considers the following as important: Economics
This could be interesting, too:
Intuitive, appealing, and — wrong One of the main functions of System 2 is to monitor and control thoughts and actions “suggested” by System 1 … For an example, here is a simple puzzle. Do not try to solve it but listen to your intuition: A bat and ball cost .10. The bat costs one dollar more than the ball. How much does the ball cost? A number came to your mind. The number, of course, is 10: 10 cents. The distinctive mark of this easy puzzle is that it evokes an answer that is intuitive, appealing, and wrong … The right answer is 5 cents.
Topics:
Lars Pålsson Syll considers the following as important: Economics
This could be interesting, too:
Lars Pålsson Syll writes Everything you want to know about MMT
Lars Pålsson Syll writes In praise of pluralism
Lars Pålsson Syll writes MMT — the key insights
Intuitive, appealing, and — wrong
One of the main functions of System 2 is to monitor and control thoughts and actions “suggested” by System 1 … For an example, here is a simple puzzle. Do not try to solve it but listen to your intuition:
A bat and ball cost $1.10.
The bat costs one dollar more than the ball.
How much does the ball cost?
A number came to your mind. The number, of course, is 10: 10 cents. The distinctive mark of this easy puzzle is that it evokes an answer that is intuitive, appealing, and wrong …
The right answer is 5 cents.