楼主: alpha2004
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Can human beings undo behavioral bias? [推广有奖]

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Rational camp always question the validity of behavioral arguements: first is arbitrage; and then learning. Here is something I felt kind of fun to read.

How Basic Are Behavioral Biases? Evidence from Capuchin Monkey Trading Behavior
M. Keith Chen, Venkat Lakshminarayanan, and Laurie R. Santos

http://www.journals.uchicago.edu/JPE/journal/contents/v114n3.html

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关键词:behavioral Behavior beings Human Being behavioral Human Can Bias beings

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alpha2004 发表于 2006-7-13 11:38:00 |只看作者 |坛友微信交流群
Behavioral economics has demonstrated systematic decision-making biases in both lab and field data. Do these biases extend across contexts, cultures, or even species? We investigate this question by introducing fiat currency and trade to a colony of capuchin monkeys and recovering their preferences over a range of goods and gambles. We show that capuchins react rationally to both price and wealth shocks but display several hallmark biases when faced with gambles, including reference dependence and loss aversion. Given our capuchins' inexperience with money and trade, these results suggest that loss aversion extends beyond humans and may be innate rather than learned.

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Pararox 发表于 2006-7-13 15:31:00 |只看作者 |坛友微信交流群

和我前段时间的一篇文章选题有些相似,不过分析的角度就大相径庭了。

楼主可否提供该文准确的下载地址或直接上传致论坛?

如果能够写写自己的感想就更好了。

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