Posts Tagged ‘Mental Floss’

What is Monkeynomics?

February 22, 2013

NO_MO_MONKEYNOMICS

Check out this article from Mental Floss.
How a Yale research team made history by teaching capuchins to spend money … and discovered that they’re just as smart—and stupid—as your financial advisor.

Watch Laurie Santos talk about MONKEYNOMICS on TED TALKS.

She says a monkey economy is as irrational as ours and states ‘One of the things we never saw in the Monkey Market was savings—just like with our own species. They always just spent all their cash at once.’

After reading this post Nomo asked Shay Fei Fei to help him open a savings account and started to ask about investing.

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