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Hidden Brain: Laurie Talks Monkeys and Bad Money Decisions.
The Happiness Lab with Dr. Laurie Santos
Do Monkeys Have the Same Bias?
Researchers have also studied something called the endowment effect, and do we see the same thing among monkeys? Yes. The endowment effect is a bias where we overvalue things that we own. This is a bias we see playing out in all different parts of the market and in human cultures. We wanted to see whether monkeys had that bias too. And what we found was that they didn't seem to want to do that.
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