4min chapter

The Happiness Lab with Dr. Laurie Santos cover image

Hidden Brain: Laurie Talks Monkeys and Bad Money Decisions.

The Happiness Lab with Dr. Laurie Santos

CHAPTER

Don't Think of Gains and Losses the Same Way

Larry: People don't think of gains and losses the same way. In one scenario, i tell you i'm going to give you 15 dollars and instead give you ten. And that second case, you know, you get same amount of food in the end, but it kind of feels like you lost something. Most people actually, when given that choice, avoid the loss. Larry: When we gave monkeys a similar economic decision-making problem, they also avoided the loss.

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