B
Bret Cahill
Guest
http://www.newyorker.com/online/blogs/frontal-cortex/2012/06/daniel-kahneman-bias-studies.html
The ball/bat problem is without question the dumbest thing to appear
in _The New Yorker_ in the half century I've been reading the
magazine.
Take the shortcut and at most you are only off a few cents. Time is
money. Anyone with an IQ above single digits would take the short cut
in real life.
Here's an identical problem from the math POV:
The combined cost of two cars is $60,000. One car costs $15 K more
than the other. What are the prices of the 2 cars?
Does anyone think there would be a significant opportunity to make any
money in real life off of those ignorant of 2 step algebra problems?
The fact is these problems don't appear anywhere in real life except
in business, science and engineering where everyone is _already_
looking at the bottom line and _already_ has pencil and paper,
supervisiors, peer review, etc., ready to do it correctly.
You can make money off of the ignorance of the public but it won't be
with 2 step algebra problems. It will be by exploiting the ignorance
of orders of magnitude, integration, statistics, geometric and
exponential curves, etc.
Bret Cahill
The ball/bat problem is without question the dumbest thing to appear
in _The New Yorker_ in the half century I've been reading the
magazine.
Take the shortcut and at most you are only off a few cents. Time is
money. Anyone with an IQ above single digits would take the short cut
in real life.
Here's an identical problem from the math POV:
The combined cost of two cars is $60,000. One car costs $15 K more
than the other. What are the prices of the 2 cars?
Does anyone think there would be a significant opportunity to make any
money in real life off of those ignorant of 2 step algebra problems?
The fact is these problems don't appear anywhere in real life except
in business, science and engineering where everyone is _already_
looking at the bottom line and _already_ has pencil and paper,
supervisiors, peer review, etc., ready to do it correctly.
You can make money off of the ignorance of the public but it won't be
with 2 step algebra problems. It will be by exploiting the ignorance
of orders of magnitude, integration, statistics, geometric and
exponential curves, etc.
Bret Cahill