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The Invisible Paw (Rebroadcast)

Freakonomics Radio

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Animal Economies: Insights from Language and Behavior

This chapter explores the complex interplay between language, social collaboration, and economic behavior in both humans and animals. It examines experiments on tamarin and capuchin monkeys, revealing their understanding of altruism, reciprocity, and economic principles like the endowment effect. The findings challenge traditional distinctions between human and animal behaviors in economic contexts, highlighting the similarities in decision-making processes.

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