Monday, March 5, 2012

Monkey Business

http://www.nytimes.com/2005/06/05/magazine/05FREAK.html?pagewanted=1&ei=5090&en=af2d9755a2c32ba8&ex=1275624000&partner=rssuserland&emc=rss&adxnnlx=1118160068-1EGJuan4FJH1LooxHYd5%2Fg

In this article posted in the New York Times, it talks about Keith Chen and his research being done on Capuchin monkeys. Recognizing they have the ability to make monetary exchanges, Chen realized that economics (basically the study of incentives) is applicable to all aspects of life. A lot of what we've been talking about in class (especially in Japan) have to deal with incentives and how much effort your willing to put into gaining economic success. If monkeys can do it, then anyone should be able to do it.

2 comments:

Kim Eckart said...

This was a really interesting article. It was amazing that an economic system with a some degree of complexity could be present in another species. Also the fact that it extended to multiple aspects of life, even to a semblance of prostitution was fairly incredible. I would be interested to see if this experiment was extended past Capuchin monkeys and could be applied among other species as well.

Kim Eckart said...
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