Laurie Santos: A monkey economy as irrational as ours

The video explores the paradox of human intelligence and consistent errors in decision-making. It examines whether these errors stem from complex environments or inherent human design flaws. Using capuchin monkeys as test subjects, researchers investigate if these primates exhibit similar economic biases. The study reveals that monkeys, like humans, display predictable financial biases, suggesting these errors may be deeply rooted in evolutionary history. The video concludes by emphasizing the importance of recognizing and overcoming these limitations to achieve human potential.

What behaviors did the monkeys exhibit in the marketplace?

Explain the concept of loss aversion as it relates to human decision-making.

What implications do the findings about monkeys have for understanding human financial behavior?

What is the significance of recognizing our limitations according to the speaker?