The Corporation for Interest Rate Management | CIRM | Helping smart borrowers borrow smarter.

Fun for CFOs

Take our quiz to see how clever you are. Answers to these questions can be found in new books on our CIRM reading list: Predictably Irrational by Dan Ariely and Nudge by Richard Thaler and Cass Sunstein.

The Quiz

1) A bat and ball cost $1.10 in total. The bat costs $1.00 more than the ball. How much does the ball cost (in cents)?

  1. 10
  2. 5
  3. 210
  4. 15

2) If it takes 5 machines 5 minutes to make 5 widgets, how long would it take 100 machines to make 100 widgets (in minutes)?

  1. 5
  2. 100
  3. 125
  4. 15

3) In a Petri dish, there are a bunch of microbes. Every day, the patch doubles in size. If it takes 48 days for the patch to cover the entire dish, how long would it take for the patch to cover half the dish (in days)?

  1. 24
  2. 1
  3. 47
  4. 96

4) When given the choice between a free $10 gift certificate from Amazon or a $20 gift certificate for $7, most people choose to spend the $7.

  1. True
  2. False

5) Given three choices, [ few / most ] people choose the middle one because it's easier than computing the value of each of the choices.

  1. Few
  2. Most

 

Photo ©2005 by Dayna Kirk