Cognitive Reflection Test CRT and Decision-Making 3

Question 1

Which cognitive system is responsible for effortful, deliberate reasoning in dual-process theory?

Accepted Answer

System 2

Answer

System 1

Answer

The limbic system

Answer

The reflex arc

Question 2

The CRT was popularized in a 2005 paper by which researcher?

Accepted Answer

Shane Frederick

Answer

Daniel Kahneman

Answer

Amos Tversky

Answer

Richard Thaler

Question 3

Why do many intelligent people still get CRT questions wrong?

Accepted Answer

They accept the intuitive answer without checking it

Answer

The questions require advanced math

Answer

The questions are ambiguous

Answer

They run out of time

Question 4

A CRT-style trap works by offering an answer that is which of the following?

Accepted Answer

Intuitively appealing but incorrect

Answer

Obviously wrong

Answer

Impossible to compute

Answer

Correct but hard to reach

Question 5

Higher CRT scores have been linked to greater willingness to do what in financial decisions?

Accepted Answer

Prefer larger delayed rewards (patience)

Answer

Choose smaller immediate rewards

Answer

Avoid all risk

Answer

Spend impulsively

Question 6

Which of the following best describes a 'heuristic' in decision-making?

Accepted Answer

A mental shortcut that is usually fast but can err

Answer

A guaranteed correct rule

Answer

A formal mathematical proof

Answer

A memory technique

Question 7

Reflecting before answering a CRT question is an example of engaging which process?

Accepted Answer

Deliberate System 2 reasoning

Answer

Automatic intuition

Answer

Sensory perception

Answer

Motor reflex