In the passage the author compares the two factors based on which humans make decisions. The first is intuition and the other is information. The author seems to be comparing the two without any preference. 1 goes out because it inaccurately says that "we choose intuition or information based on the time available". Nothing of this sort has been given in the passage. Time in not the causative factor here. 2 says "it is better". Since the author has not given any preference, it would be wrong to say which one is better. Thus 2 also goes out. 3 is the right summary, and captures the essence by stating that the difference is differential speed and ability to provide a rationale. 4 just focuses on intuition, and ignores the other factor entirely.