HT to Todd Sullivan
Tuesday, August 03, 2010
Laurie Santos: A monkey economy as irrational as ours | Video on TED.com
Laurie Santos: A monkey economy as irrational as ours | Video on TED.com: "Laurie Santos studies primate psychology and monkeynomics -- testing problems in human psychology on primates, who (not so surprisingly) have many of the same predictable irrationalities we do."
HT to Todd Sullivan
HT to Todd Sullivan
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2 comments:
two comments:
the choices are symmetrical in terms of expected return so there is no arbitrage possible by choosing differently so not necessarily "stupid"
if an animal is living very close to minimum subsistence, choosing a high vol outcome given a negative outcome my not be so "stupid"
That was pretty interesting until she got to the silliness of this being a 35 million year old habit. Any statement that conjures something across time that is unobservable and unrepeatable is in the realm of mystic religious beliefs, and quite frankly, makes you look ignorant for speaking about the unknowable so dogmatically.
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