Wednesday, August 4, 2010
2010 Laurie Santos on a monkey economy as irrational as ours
Human decision-making in market settings is beset by psychological biases of relativity and loss-aversion, which are also demonstrated in experiments with capuchin monkeys, suggesting that the error-proneness of humans is evolutionarily inherited rather than an unintended consequence of complex technological design.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment