Wednesday, May 3, 2006

Is risk aversion an instinct? Monkeys may hold the answer

ScienceDaily: New Study Finds Similarities Between Monkey Business And Human Business: "As part of the study, the researchers presented capuchin monkeys with two payoff-identical gambles: one in which a good outcome was framed as a bonus, and the other in which bad outcomes were emphasized as losses. Like humans, the monkeys displayed a strong preference for the first option, and like humans, the

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