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Detailed text transcripts for TV channel - CNN - 20120101:18:45:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20120101:18:45:00

How much does the ball cost? what is your answer? so i bet you said that the ball costs $0.10. if you did, you'd be dead wrong. don't worry. you have good company. the majority of students at mit and harvard got it wrong, too. the correct answer is the ball costs $0.05. the bat $1.05. if the bat and ball there's only a $0.90 difference between the bat and ball not a dollar. why does everyone get it wrong? the next guest will explain, being the recipient for the nobel prize for economics but actually a psychologist. he has a new book out, "thinking fast and slow." welcome. professor, pleasure t...

Detailed text transcripts for TV channel - CNN - 20120101:15:46:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20120101:15:46:00

Okay. put on your thinking caps, it's time for a pop quiz. a baseball bat and ball cost $1.10 together of the bat cost $1 more than the ball. together they cost $1.10. how much does the ball cost? what is your answer? so i bet you said that the ball costs $0.10. if you did, you'd be dead wrong. don't worry. you have good company. the majority of students at mit and harvard got it wrong, too. the correct answer is the ball costs $0.05. the bat $1.05. if the bat and ball there's only a $0.90 difference between the bat and ball not a dollar. why does everyone get it wrong? the next guest will exp...