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Listen to the Ted video Monkey economy. Last year, the Royal Society's journal Philosophical Transactions B published a special issue devoted to economic behavior in
Listen to the Ted video "Monkey economy". Last year, the Royal Society's journal Philosophical Transactions B published a special issue devoted to economic behavior in (non-human) animals. This means that there is a growing interest in documenting certain behaviors in animals traditionally associated with humans Regarding the Ted video "Monkey economy", briefly answer these three questions: 1. Explain in your own words how the authors set up a "market" for grapes with monkeys in the laboratory. 2. How does this experience illustrate certain results observed in humans and described by prospect theory, particularly in our relationship to risk? 3. If you had the opportunity to continue these experiments with these monkeys, what other concept covered in the course (affiliate beliefs, prominence, aversion to loss, house money, etc.) would you have tested, and briefly present how you would proceed? Plz help correct explain both are question asap
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