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 05-25-2012, 05:36 AM #46 Carpal \'Tunnel     Join Date: Apr 2010 Location: Auckland Posts: 7,852 Re: What's your risk IQ? but the question doesnt randomise those variables its more also based on reality, like if its like he scored 1000000 you can basically say 0 if its 100 then you really have no idea edit: yea stupid captcha
 05-25-2012, 06:30 AM #47 grinder   Join Date: Aug 2011 Posts: 418 Re: What's your risk IQ? put another way, in this test, half the statements are true and half are false.. so if you have no clue at all then the optimal answer is 50%. in real life, when you read something.. it will not be correct 50% of the time and wrong 50% of the time in the long run. the % of times it is right or wrong will depend on many factors. so in a real life situation, answering 50% when you have no clue at all will not be optimal. Last edited by BluffingX; 05-25-2012 at 06:38 AM.
05-25-2012, 07:47 AM   #48
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Quote:
 Originally Posted by BluffingX put another way, in this test, half the statements are true and half are false.. so if you have no clue at all then the optimal answer is 50%. in real life, when you read something.. it will not be correct 50% of the time and wrong 50% of the time in the long run. the % of times it is right or wrong will depend on many factors. so in a real life situation, answering 50% when you have no clue at all will not be optimal.

Would you agree that there may be one, rather unusual real life situation where answering 50% might be optimal?
Might two such situations exist? How about 20... or 200..

This is not an idle question in light of the subject.
The test measures how much confidence we have in our decisions and how strongly we cling to our conclusions; perhaps much too strongly for our own good.

The objective is to help us practice an optimal level of confidence... a level where our guesses are more likely to be correct than incorrect, and result in more profit than losses.

In real life, we are constantly forced to guess... to make decisions based on incomplete information. Will the gas station be open when I get there? I don't have enough gas to get back home. What should I do?

 05-25-2012, 07:50 AM #49 old hand     Join Date: Apr 2009 Posts: 1,725 Re: What's your risk IQ? Seems like the test is more a measure of how pig headed someone is.
05-25-2012, 07:52 AM   #50
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Quote:
 Originally Posted by OMGClayDol edit: yea stupid captcha
haha... thanks.. captcha .. i couldn't think of the word.. was drivin me nuts.

 05-25-2012, 08:08 AM #51 newbie   Join Date: Sep 2005 Posts: 17 Re: What's your risk IQ? The test is absolutely fine. All it does is measure whether you get 9/10 of your estimated 90% shots, 8/10 of your 80% shots, 7/10 of your 70% shots, etc, etc. It tests your judgement about how well you have estimated something. It is claiming to do something relatively simple, and not claiming to do anything else. It probably expects to find that people overestimate their own knowledge, so they find <80% true of those they rate 90/100 and >10% true for those they rate 0/10. Its like a looking at correct river call % vs pot-odds to measure hand reading capability. Or calculating whether your sports bets at various odds are profitable to rate your judgement of your own sports knowledge.
 05-25-2012, 08:27 AM #52 centurion   Join Date: Sep 2002 Location: It depends Posts: 145 Re: What's your risk IQ? The test is the ability to "predict" risk; it's not about one's appetite for it. A lower score implies that you tend to see things rather black and white; while a higher score, one is more aware of the consequences of those choices. BTW, there is short blip before results that states that all the answers are true.
 05-25-2012, 08:41 AM #53 veteran   Join Date: Mar 2009 Posts: 2,977 Re: What's your risk IQ? Why is this a thread? It has nothing to do with poker and is incredibly stupid.
05-25-2012, 08:42 AM   #54
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Quote:
 Originally Posted by Alexdb The test is absolutely fine....
It's as good as can be under the circumstances, but it lacks a very important element: The pressures of real life.

Question Did you unload the gun the last time you used it?
Hey... i'm like 100% sure. I always unload it.

Again, with that gun pointed at your head, and trigger will be pulled in 10 seconds:
Did you unload the gun the last time you used it?
ummm.... I'm pretty sure. Can I double check?

05-25-2012, 08:47 AM   #55
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Quote:
 Originally Posted by insidemanpoker Why is this a thread? It has nothing to do with poker and is incredibly stupid.
Read the article linked in the OP. Winning poker players and gamblers tend to score high on the test.

here...
http://www.slate.com/articles/health...bilities_.html

 05-25-2012, 08:50 AM #56 grinder   Join Date: Aug 2010 Posts: 410 Re: What's your risk IQ? 77 percent, i definitely thought Sahara was the biggest desert on Earth but appearantly its not . Whatevaaaa, i scored high anyway..
 05-25-2012, 09:17 AM #57 Pooh-Bah     Join Date: Aug 2010 Location: 1980s. Posts: 3,938 Re: What's your risk IQ? 42% braat.
 05-25-2012, 11:16 AM #58 stranger     Join Date: Jan 2011 Location: SLOVAKIA Posts: 10 Re: What's your risk IQ? I scored 96,02%. I answered with 100% or 0% only to questions where i was absolutely sure. It was in total 9 or 10 questions. All the rest i put 50%.
05-25-2012, 11:42 AM   #59
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Quote:
 Originally Posted by LA'sFriendliest I scored high but i think the test is flawed. A good gambler shouldnt score too high IMO because it means they are passing up too many marginal opportunities.
Disagree somewhat. A good gambler should be good at assessing risks, a high score indicates an awareness of how much you do or do not know and hence your ability to assess risk. Of course too many 50%'s would appear to indicate not enough risk taking ability to also be a good gambler but you could no ZERO of these answers and still be a good gambler in theory.

05-25-2012, 12:09 PM   #60
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Quote:
 Originally Posted by insidemanpoker Why is this a thread? It has nothing to do with poker and is incredibly stupid.
I rate this statement 0% true....

YAY! my risk IQ just went up a point!

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