Dart-chucking monkeys

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Dart-chucking monkeys

Postby Brix » 23Aug2005 15:38

It's been discovered that they'd rather be throwing dice:

Gambling Monkeys Compelled by Winner's High

When given a choice between steady rewards and the chance for more, monkeys will gamble, a new study found.

And they'll keep taking risks as the stakes rise and dry spells get longer.

The research, in which scientists also pinpointed brain activity during the gambling, could provide insight into the human penchant for risk.

[...]

The monkeys overwhelmingly preferred to gamble, even when the game was changed so that gambling yielded less juice over time. [emphasis added]
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Postby FinEcon » 23Aug2005 16:09

In my view, Kahneman, Tversky, Thaler and many others have demonstrated how humans percieve risk/reward tradeoffs quite well.
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Postby yielder » 21Sep2005 10:45

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Re: Dart-chucking monkeys

Postby ghariton » 22Sep2005 09:31

Brix wrote:
When given a choice between steady rewards and the chance for more, monkeys will gamble, a new study found.

And they'll keep taking risks as the stakes rise and dry spells get longer.


A new market for actively managed funds?

You haven't posted a photo of yourself yet, yielder :)
The plural of anecdote is NOT data.
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