Laurie Santos looks for the roots of human irrationality by watching the way our primate relatives make decisions. A clever series of experiments in “monkeynomics” shows that some of the silly choices we make, monkeys make too.

Comments

  1. #1 gwen
    August 6, 2010

    Fascinating talk. Laurie Santos is also a very good speaker.
    Yikes, the monkey in me comes out way more often than I like to think!!

  2. #2 Charles Sullivan
    August 7, 2010

    I don’t think the monkeys ever actually lost anything. They always gained something in every trial. Even if it’s just one grape.

    I don’t think that’s the case with the humans in all the economic environments mentioned in the piece (home mortgages, etc).

  3. #3 Irene Delse
    August 7, 2010

    So, if we replaced Wall Street analysts with monkeys, we might not very be worse off? What are we waiting then?