Capuchin Monkeys Analysis

Decent Essays
The article details a series of experiments run by Keith Chen at Yale. An economist that suggested that capuchin monkeys are capable of monetary exchange as well as tending to have analogous monetary patters to those of humans. Chen’s experiments ranged from simple currency exchange by the monkeys to gambling patterns. In simple currency exchanges with alternating prices the monkeys mimicked patterns seen in humans through the reallocation of needs for utility maximization. In his other experiment Chen’s observations displayed monkeys have inaccurate biases against loss aversion that are identical to those of humans. These data suggest that capuchin monkeys are able to understand and work within a market economy.
Despite these successes the

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