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What Happens When Monkeys Learn how to Use Money?

What Happens When Monkeys Learn how to Use Money? Is a video focused on the financial decisions of both humans and capuchin monkeys, the fundamentals of economic decisions of both, and how similar humans are to monkeys when it comes to finances and the biasses of economics know as relativity in transactions and loss aversion. As surprising as it may be, monkeys are not so different from humans when it comes to money and how to use it. On a basic level, we could say that monkeys are basically on the same plane of financial intelligence as the average human. Why is this the case and how did we find out? How did the monkeys learn to use money? How did the researchers teach them and what happened once the monkeys understood the concept of money? Check out the video to get the answers! The information of the video is based on a study conducted in 2005 by economist Keith Chen and psychologist Laurie Santos. The paper is called "How Basic Are Behavioral Biases? Evidence from Capuchin Monkey Trading Behaviour". The papers used to reference the 2 biasses when it comes to finances is titled "Prospect Theory: An analysis of decision under risk" which was made by Daniel Kahneman and Amos Tversky. We hope you enjoy the video and please leave a like and subscribe for more weird and interesting content! If you need really good narration work done you must contact: Video narrated by Erik Peabody: [email protected]