Want to learn something really cool about your own decision making process?

Want to learn something really own decision making process? Answers in this vid! your answers to the world's shortest IQ test can tell you more Answers in this vid! than your scores on the SAT, ACT, and many other long tests! (WPT, NFC) (about certain types of decision making) If you haven't taken it yet, stop and go here: (about certain types of decision making) Reply to Avisha |🧬Scientist Mythbuster's comment The test These 3 questions are called the Cognitive Reflection Test (CRT) Developed at Princeton and MIT They measure your brain's ability to resist reporting the first response that comes to mind. Or as Daniel Kahneman, the Nobel Prize winning economist would call it, "System 1 Thinking" An instead think things through (ie does your brain stop and reason things out) System 2 thinking. Each of the 3 questions has an intuitive, but incorrect answer. So even for those who got it right, you probably considered this specific wrong answer first As compared to someone who got the right answer after looking at and rejecting the wrong one. This is how students from different schools performed on the test: Locations at which data were collected Massachusetts Institute of Technology Boston Fireworks display Carnegie Mellon University Harvard University University of Michigan, Ann Arbor Bowling Green University University of Michigan, Dearborn Michigan State University University of Toledo Overall Mean CRT score 2.18 1.55 1.18 1.11 1.08 9.87 9.51 9.79 9.57 1.24 Percentage scoring 0, 1, 2 or 3 "Low" 17% 24% 20% 25% 31% 50% 51% 29% 64% 35% 16% 24% 23% 25% 23% 13% 23% 16% 21% 28% "High" 1 30% 24% 27% 24% 25% 12% 14% 16% 19% 17% 2 38% 36% 39% 37% 35% 12% 12% 14% 5% 23% 3 48% 56% 58% 54% 51% 12% 12% 11% 5% 17% x= 61 196 746 1207 51 50 118 138 5429 Although you had the advantage of better forewarning Ready for the answers? #1 $0.05 #2 5 min #3 47 days But before we get to the analysis, it's time to learn a bit more about yourself. We're about to do some AMAZING science together! I'm going to present you with 3 choices Write your choice of "A" or "B" in the comments Along with how many of the 1st questions you got right (e.g. "ABA2" or "BBB3") Be honest! Let's begin. Would you rather: A $3400 this month B $3800 next month A $3400 this month $500 guaranteed B $3800 next month 15% chance to win $1M A $3400 this month $500 guaranteed LOSE $100 guaranteed B $3800 next month 15% chance to win $1M 3% change of losing $7k A $3400 this month $500 guaranteed LOSE $100 guaranteed 3% change of losing $7k Write your answers in the comments (e.g. "AAB2") And follow for the next video where we're going to talk about what this all means!