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TED Talks Daily

A monkey economy as irrational as ours | Laurie Santos

TED Talks Daily

TED

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4.111.9K Ratings

🗓️ 10 April 2020

⏱️ 20 minutes

🧾️ Download transcript

Summary

Laurie Santos looks for the roots of human irrationality by watching the way our primate relatives make decisions. A clever series of experiments in "monkeynomics" shows that some of the silly choices we make, monkeys make too.

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Transcript

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0:00.0

Hey, it's Elise Hugh, and this is TED Talks Daily. Humans are a super smart species, right? But we also make consistently dumb decisions. Why? In this archive talk from TED Global 2010, cognitive psychologist Lori Santos uses a fascinating field experiment to shed some light.

0:23.5

Lori is also a podcast host of her own.

0:26.0

Hers is based on the popular psych course she teaches at Yale, and in it, she takes you

0:30.2

through the latest scientific research and shares surprising stories that'll change the way

0:34.7

you think about happiness.

0:36.7

You can check out that podcast, The Happiness Lab, from Pushkin Industries, wherever you listen to podcasts.

0:42.3

I want to start my talk today with two observations about the human species.

0:48.3

The first observation is something that you might think is quite obvious,

0:52.3

and that's that our species, Homo sapiens, is actually really, really smart, like ridiculously smart. Like, you're all doing

0:59.3

things that no other species on the planet does right now. And this is, of course, not the first

1:05.0

time you've probably recognized this. Of course, in addition to being smart, we're also an extremely

1:09.1

vain species. So we're like pointing out the fact that we're smart.

1:12.6

So I could turn to pretty much any sage from Shakespeare to Stephen Colbert

1:16.6

to point out things like the fact that we're noble in reason and infinite in faculties,

1:21.0

just kind of awesomer than everything else on the planet when it comes to all things cerebral.

1:24.9

But of course, there's a second observation about the human species that I want to focus on a little bit more. And that's the fact that even though we're

1:31.0

actually really smart, sometimes uniquely smart, we can also be incredibly, incredibly dumb

1:36.8

when it comes to some aspects of our decision making. Now, I'm seeing lots of smirks out there.

1:41.6

Don't worry, I'm not going to call anyone in particular out on any aspects of your own mistakes.

1:46.2

But of course, just in the last two years,

1:47.8

we see these unprecedented examples of human ineptitude.

1:51.2

We've watched as the tools we uniquely make

...

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