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John Nofsinger is an associate professor of finance at Washington State University and a speaker, writer, and scholar on behavioral finance. See full bio

Comments on "Analytical/Intuitive Thinking: PART II, Know Yourself!"

Analytical/Intuitive Thinking: PART II, Know Yourself!

There are many decision-making activities in which it may be better to be an intuitive thinker. Other situations favor analytical thinkers. This posting reports the answers to the PART I CRT quiz questions. Are you an analytical or intuitive thinker? Read More

Can someone explain #3?

Can someone explain #3?

#3

Ball = $0.05
Bat = $0.05 + $1.00

$0.05 + $0.05 + $1.00 = $1.10

Explanation of #3

Number 3's answer would mathematically be this (with the price of the ball being x):

x + (x + $1.00)= $1.10

It has to with the way you perceive the concept of "more". Analytically, "more" means putting the original concepts at an equal price, and then adding the dollar. Intuitively, you just subtract the dollar without equalizing the terms:

$1.10 - $1.00 = x

Sorry to correct you anon,

Sorry to correct you anon, but

X + (X + $1.00) = $1.10

> 2X + $1.00 = $1.10

> 2X = $1.10 - $1.00

> 2X = $0.10

> X = $0.10/2

> X = $0.05

Look at the maths you need

Look at the maths you need to be an analytical thinker! If it's a decent bat, just go for it and let your accountant crunch the numbers.

No Wonder

It is no wonder that I am an intuitive thinker. All that math just over a nickel and I still do not understand it. Lot of people waiting on services while that would be taking place.

Huh? "Intuitive thinkers" give particular wrong answers.

Oh come on. The person educated in math will move fast enough to the correct answer so that the particular incorrect answer that implies "intuitive thinking" will hardly register if at all. For some, the speed and ingenious and varied ways of seeing the correct answer is brilliantly intuitive.

From Descartes to DaVinci to Einstein, the greatest minds would have solved these easily. So they're not intuitive thinkers?

Intuitive Answers

I doubt that people who are trained in math would be very intuitive. I got all the intuitive answers only (right on the mark), and I haven't taken math since mid-High School. Don't they seem like two different modes of thinking? Analysis is more aligned to math (and other strictly regulated areas), and intuition is more aligned towards areas with few or no rules. Doesn't seem that complicated to me, however that BS about the ball being a nickel is.

Chuck, those are the *wrong

Chuck, those are the *wrong answers*.

You train in something to get it right. A trained artist draws perspective correctly as the natural first instinct, while an untrained person invariably has trouble drawing perspective. So you should be very careful in analyzing the results of a test that evaluates whether you draw perspective correctly. Because you will have the incidental effect of having *all* trained artist clumped in one group. They'll always go for the right answer as their first instinct.

Similarly, a trained mathematician goes right for the correct answer. So any highly trained mathematician, including those with high intuitive reasoning skills, would hardly have the instinct for seeing these wrong answers. Don't you think if you trained all through your education to solve problems like these, or for drawing perspective, you would no longer reach instinctively for the wrong answers? Yet you would still be an intuitive thinker?

So I'm just saying that this test may work for 85% of the population, but it's invalid for the remainder, i.e., people who have trained to quickly see the *correct answer*. This is one of my pet peeves of some malformed psychological studies. They're satisfied that a correlation exists at 85%. Then they lump 15% of the people into categories wrongly, and have missed realizing that their test is wrong.

The best mathematicians are highly intuitive. Again, Albert Einstein.

Umm...

Yeah, I have to agree with a lot of these folks-- these are math problems. I looked at them like math problems because I wanted to get them right, but I also happen to know that I'm an intuitive thinker... getting the problems *right* doesn't make me analytical.

The comments above are very

The comments above are very interesting. But I think that some of them miss the point.

Getting the wrong answer makes you an intuitive thinker not because you got the "wrong" answer, but because you choose the most intuitive one.

Like, for example the first question:
1) If it takes 5 machines 5 minutes to make 5 widgets, how long would it take 100 machines to make 100 widgets? _______ minutes.

Answering 100 minutes is the most intuitive answer. The first part of the problem shows the relation between machines, minutes and widgets with a 5. Therefore when this 5 changes into 100 for two out of three of them, it will be just intuitive to answers 100.

Therefore, picking the "wrong" answer makes you an intuitive thinker, not because you answered wrong, but because you answered the most intuitive answer.
It just that the intuitive answer is the wrong one for these analytical (mathematical) problems.

Fin 325

Alright I don't really know what counts for me. When I first looked at the problems I thought the intuitive answer but I quickly knew it was wrong and figured out the right answer. So which does that make me? That is with the exception of the last question which could be seen differently depending on how you read it. However, I think the point of the whole article isn't to separate people into two groups of right and wrong. It is to make people aware of which type of thinker they are so they can keep that in mind when making decisions.

Situations

Shouldn't we have more than just math problems to decide whether a person is intuitive or analytical? It also shouldn't escape notice that these 3 questions are designed to push people toward the intuitive answer, especially if you asked them fast, so you may be getting more analytical thinkers showing up as intuitive.

I refuse to let this small,

I refuse to let this small, bourgeois test define my method of analysis.

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