Monkeys
in sentence
263 examples of Monkeys in a sentence
It was useless to the
monkeys
at first before they realized what they could do with it.
But very quickly, the
monkeys
realized that they could actually hand these tokens over to different humans in the lab for some food.
And so you see one of our monkeys, Mayday, up here doing this.
It turns out not just Mayday, all of our
monkeys
get good at trading tokens with human salesman.
So the
monkeys
get really good at this.
Is this a market at all, or did we just do a weird psychologist's trick by getting
monkeys
to do something, looking smart, but not really being smart.
And so we said, well, what would the
monkeys
spontaneously do if this was really their currency, if they were really using it like money?
Do the
monkeys
do anything like this?
The way this works is that our
monkeys
normally live in a kind of big zoo social enclosure.
Monkeys
are shorter, so it's a little short.
So not just Honey, most of the
monkeys
went with guys who had more.
Most of the
monkeys
went with guys who had better food.
When we introduced sales, we saw the
monkeys
paid attention to that.
The more surprising thing was that when we collaborated with economists to actually look at the
monkeys'
data using economic tools, they basically matched, not just qualitatively, but quantitatively with what we saw humans doing in a real market.
So much so that, if you saw the
monkeys'
numbers, you couldn't tell whether they came from a monkey or a human in the same market.
And what we'd really thought we'd done is like we'd actually introduced something that, at least for the
monkeys
and us, works like a real financial currency.
Question is: do the
monkeys
start messing up in the same ways we do?
The
monkeys
entered the market, spent their entire budget and then went back to everyone else.
Can we actually see if the
monkeys
are doing exactly the same dumb things as humans do?
So we said, let's actually give the
monkeys
the same kinds of problems that humans tend to get wrong in certain kinds of economic challenges, or certain kinds of economic experiments.
The question we were interested in is whether the
monkeys
show the same biases.
We introduced the
monkeys
to two new monkey salesmen.
But they're going to give the
monkeys
bonuses.
All the time, he adds one, to give the
monkeys
two.
Sometimes the
monkeys
get two extra.
Do the
monkeys
actually want to play it safe and then go with the guy who's going to do the same thing on every trial, or do they want to be risky and try to get a risky, but big, bonus, but risk the possibility of getting no bonus.
Turns out, the
monkeys
play it safe too.
You might say, well, maybe the
monkeys
just don't like risk.
Now, the
monkeys
meet two guys who aren't giving them bonuses; they're actually giving them less than they expect.
Every single time, he's going to take one of these away and give the
monkeys
just two. the guy on the right is the risky loss.
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