If a baseball and a bat cost $1.10 together, and the bat costs $1.00 more than the ball, how much does the ball cost?
Solution
5 cents. System 1 thinking often leads to mistakes in this type of problem.
A father and son are in a horrible car crash that kills the dad. The son is rushed to the hospital; just as he’s about to go under the knife, the surgeon says, “I can’t operate—that boy is my son!” How is that possible?
Solution
The surgeon is the boy’s mother. This puzzle illustrates the persistence of gender discrimination.
In a lake, there is a patch of lily pads. Every day, the patch doubles in size. If it takes 48 days for the patch to cover the entire lake, how long would it take for the patch to cover half of the lake?
Solution
47 days. To answer correctly, you need to ignore your system 1 and use your system 2.
Alan is smart, hard-working, impulsive, stubborn and jealous.
Ben is jealous, stubborn, impulsive, hard-working and smart.
Who should you hire?
Solution
They are the same, but a priming effect often make people prefer the first candidate.
21-09-2020
Listen to the podcast below on Soundcloud or on your favorite podcast platform.
Dilip Soman is a Canada Research Chair in Behavioral Science and Economics and serves as a Director of the Behavioral Economics in Action Research Centre at Rotman [BEAR]. His research is in the area of behavioral science and its applications to consumer wellbeing, marketing and policy.
Please join us to hear…
• How Dilip’s mechanical engineering experience with earth-moving machines got him interested in behavioral science
• Three things that Dilip learned from Richard Thaler as a PhD Student at University of Chicago
• The story behind Dilip’s pioneering MOOC – and several big ideas from his book, The Last Mile
• Two big issues that Dilip thinks will be the future of behavioral science
• Where Dilip sees “win-win-win” opportunities for businesses, consumers and society
For more, check out Dilip’s book, The Last Mile.
You can also download the transcript of the podcast episode:
[hubspot portal=”5261255″ id=”05b1df7c-bdf8-48fd-b081-8f1600b5c251″ type=”form”]Want to keep listening? Check out other episodes of the B.E. GOOD! Podcast.
Let us know what you think about the episode on Twitter @BVANudgeUnit