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