IN PRINT: Professor Emeritus and Nobel Prize Winner Daniel Kahneman Lectures on Intuition

A bat and a ball cost $1.10. The bat costs a dollar more than the ball. How much does the ball cost?It turns out that 50% of Princeton students get this question wrong.Last Monday, Daniel Kahneman, professor emeritus of psychology and public policy at the Woodrow Wilson School, gave the Stafford Little Lecture, where he discussed how the how human intuiton often leads to wrong conclusions (like thinking that the answer to that question is ten cents and not five cents.) Kahneman spoke at length about his many years of research challenging the economic theory that humans are rational thinker that led him to become the only psychologist to ever win the Nobel Prize in Economics. You can read the article here