Take This Simple Test

How the dismal science applies to your life.
Dec. 5 1997 3:30 AM

Take This Simple Test

... And find out how rational you are.

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Here's a three-question quiz to determine how rational you are. This will work best if you stop and answer each question before going on to the next.

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Imagine that each of your three fabulously wealthy cousins offers you a choice of two Christmas gifts. In each case, choose the one you'd prefer.

1. Cousin Snip offers you a choice of:

A. $1 million in cash.

B. A lottery ticket. The ticket gives you a 10-percent chance of winning $5 million, an 89-percent chance of winning $1 million, and a 1-percent chance of winning nothing at all.

2. Cousin Snap offers you a choice of:

A. A lottery ticket that gives you an 11-percent chance of winning $1 million.

B. A lottery ticket that gives you a 10-percent chance of winning $5 million.

3. Cousin Snurr offers you a choice of:

A. $1 million in cash.