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Monkey Business and Freakonomics

marct22 writes "Stephen J Dubner, co-writer of 'Freakonomics' said there will be a second Freakonomics book. One of the items that will be covered is capuchin monkeys' use of washers as money, buying sweets, budgeting for favored treats over lesser treats. He mentioned that one of the experiments had similar outcomes as a study of day traders. And lastly, he watched capuchin prostitution!"

182 comments

  1. There's only been half a book so far.. by QuantumG · · Score: 4, Informative

    If you're thinking of buying Freakonomics, don't bother. Half the book is "letters from our website".

    It's one of those books you buy at the airport before a long trip only to discover that it only takes half the trip to read it.

    --
    How we know is more important than what we know.
    1. Re:There's only been half a book so far.. by 26199 · · Score: 5, Informative

      It was short. But also one of the most interesting short books I've read.

      So I hereby counter your unrecommendation ;)

    2. Re:There's only been half a book so far.. by moosesocks · · Score: 2, Interesting
      I concur. Freakonomics stripped a bit too much of the science away in an attempt to make the book accessible.

      Naked Economics tries to do the same thing as Freakonomics, but achieves a much higher degree of success. Freakonomics was dumbed down to an almost insulting level, and many of the examples provided felt somewhat outlandish. Naked Economics does a much better job of distilling economic theory down to plain english, and picks much more relevant examples. I also found it to be a pretty entertaining read:

      "The sultan of Brunei earned billions of dollars in oil revenues in the 1970s. Suppose he had stuffed that cash under his mattress and left it there. He would have had several problems. First, it is very difficult to sleep with billions of dollars stuffed under the mattress. . ."

      (Yes.... I did pull that quote from one of the Amazon reviews, but it's a rather accurate representation of the text)
      --
      -- If you try to fail and succeed, which have you done? - Uli's moose
    3. Re:There's only been half a book so far.. by vidarh · · Score: 5, Insightful
      From the descriptions on Amazon, it seems like Naked Economics tries to be something completely different than Freakonomics. The entire point of Freakonomics is applying economic theory to areas economists don't usually look at, and describe some of the more interesting results in an entertaining and accessible way, not to be an economy textbook. You say it was "dumbed down" - I say it was written with a specific audience in mind: People who are not interested in economics, i.e. most of us, but who might find a description of some of the results of applying economic theory to everyday situations interesting and entertaining.

      It never spends much space on economic theory, even "distilled to plain English", because that isn't the purpose of the book.

    4. Re:There's only been half a book so far.. by freedom_india · · Score: 1

      Yup. I agree. "Undercover Economist" is far for informative and interesting, although written from a London persective.

      --
      "Doing what i can, with what i have." ~ Burt Gummer
    5. Re:There's only been half a book so far.. by Erwos · · Score: 3, Informative

      Speaking as someone who actually did econometrics and hard math/statistics economics in school, I could not agree more with this critique of Freakonomics. It is an entertaining read, to be sure, but he's omitted a lot of the data to support his conclusions, making it more of a "just believe me" book than an actual primer to non-traditional economics.

      --
      Plausible conjecture should not be misrepresented as proof positive.
    6. Re:There's only been half a book so far.. by Anonymous Coward · · Score: 1, Insightful

      Your post is modded +5, the parent is +4 - therefore - according to the wisdom of numbers we should all buy this book.

    7. Re:There's only been half a book so far.. by ocbwilg · · Score: 1

      I don't recall so much of the "letters from our website", but I do recall being seriously disappointed with this book. For starters, it's very short. I know, that may not sound like a bad thing, but it is representative of a lack of detail. They cover several topics that I thought had the potential to be really interesting, but for the most part they cover them with a "studies have shown" or "we were able to show" or similar statements. They didn't really go into any of the details of their analysis of these interesting topics (with perhaps the exception of the section of teachers helping students cheat on standardized tests). It took about an afternoon to read, and offered very little insight, and even less data. Like I said, I don't think that it really lived up to it's expectations at all.

    8. Re:There's only been half a book so far.. by s20451 · · Score: 0

      My main objection to the book is that the author doesn't ask the right questions. For instance, he presents his own study claiming that real estate agents get a better price when selling their own homes rather than selling their clients' homes (because they're willing to put more work in for themselves), and then concludes that you don't need a real estate agent.

      But even as someone without a lot of degrees in economics, I can see that the argument is horseshit: the real question is, how much extra do you get for your house when employing a real estate agent, compared to a private sale?

      The book is full of half-answered questions, followed by sweeping generalizations. The irony is that the authors criticize "expertise" constantly (such as in the real-estate agent case), but then turn around and make sweeping statements that depend on their own status as experts.

      The time I spent reading the book was wasted. If you consider yourself an independent thinker, don't buy it.

      --
      Toronto-area transit rider? Rate your ride.
    9. Re:There's only been half a book so far.. by Scaba · · Score: 5, Funny

      So, you're saying independent thinkers should take your word for it and do what you demand?

    10. Re:There's only been half a book so far.. by UbuntuDupe · · Score: 1

      I'd like to join the pile-on. Not only was it far too short, half of the book was his abortion theory, which was shortly after discredited. Still, the part about gangs being run like corporations, with a board of directors and all, totally blew my mind.

      All of this pales in comparison, of course, to this revelation that monkeys have discovered money. God help us.

    11. Re:There's only been half a book so far.. by ichigo+2.0 · · Score: 1

      If you consider yourself an independent thinker, don't buy it.


      This statement seems to me a bit contradictory. :)
    12. Re:There's only been half a book so far.. by FooAtWFU · · Score: 1

      The book is full of half-answered questions, followed by sweeping generalizations. The irony is that the authors criticize "expertise" constantly (such as in the real-estate agent case), but then turn around and make sweeping statements that depend on their own status as experts. My local expert (a fellow with a Ph.D. in economics) has a similar opinion, and doesn't really consider anything in it particularly insightful to begin with.
      --
      The World Wide Web is dying. Soon, we shall have only the Internet.
    13. Re:There's only been half a book so far.. by rundgren · · Score: 1

      The "letters from our website" stuff is added to the "2006 expanded edition" and not really a part of the book. The book itself has great points and is thoroughly researched, though i agree it could've been longer (I loved it and was craving for more when i'd finished it).

    14. Re:There's only been half a book so far.. by mOdQuArK! · · Score: 1

      When were Levitt's conclusions about abortion discredited?

    15. Re:There's only been half a book so far.. by UbuntuDupe · · Score: 1

      See the dialogue with the author here.

      When you look at the highest-crime-prone years of the post-Roe cohort, you'll see that the drop in crime doesn't match up with where it should be. Plus, Levitt tried to rule out race by explaining it through three other variables that had an extremely high correlation with race, but not as high as race, a violation of Occam's Razor if there ever was one.

    16. Re:There's only been half a book so far.. by Ertman · · Score: 1

      Shortly after, the (unpublished) paper (by Lott and Whitley) discrediting the study was discredited. The re-ran the analysis using a different data set, and got the same results.

    17. Re:There's only been half a book so far.. by UbuntuDupe · · Score: 1

      *sigh* Forget it, it looks like Levitt is a Malcom Gladwell -- no point arguing with his supporters.

    18. Re:There's only been half a book so far.. by Ertman · · Score: 1

      Who said I supported him? Just some guy who co-authored a book to me.

    19. Re:There's only been half a book so far.. by UbuntuDupe · · Score: 1

      I did. I did , damn you! How dare you resist my attempts to pigeonhole you!

      Seriously, I wasn't aware of this vindicating study, but based on the general significance of the stuff Sailer brought up, it looked like any attempt to salvage the thesis would just look like desperation. But I will admit I should read that stuff before commenting further.

    20. Re:There's only been half a book so far.. by Ertman · · Score: 1

      I had not read the bit by Sailer - I was not aware of it until right now. Perhaps he should summarize it in a humorous book form...

    21. Re:There's only been half a book so far.. by mOdQuArK! · · Score: 1

      Sailer seems to be doing something similar to what he's accusing Levitt of doing: focusing on whateverclusters of small aberrations he can find in Levitt's data to "disprove" Levitt's conclusions. There's not enough information in that exchange for me to come to a conclusion about who is more "right".

      I wouldn't call that debate "done" - I'd like to hear that debate continue (at least Levitt's response to that last page) before I could be as conclusive as you seem to be.

    22. Re:There's only been half a book so far.. by QuantumG · · Score: 1

      Yeah, it was added because the book was so short and people were not interested in buying a pamphlet. I guess they figured it was better to put "letters from our website" instead of just blank pages. I disagree.

      --
      How we know is more important than what we know.
    23. Re:There's only been half a book so far.. by iminplaya · · Score: 1

      Yeah, and my dog didn't think it tasted too good either. So now there's two reasons not to buy it.

      --
      What?
  2. Washers by Anonymous Coward · · Score: 2, Funny

    And lastly, he watched capuchin prostitution! Wow! I need to hit up home depot!

    3 week later, in prison... "I need to learn how to spell Cancun."
    1. Re:Washers by Anonymous Coward · · Score: 0

      The Wife said if she didn't get a shiny new washer, I'd be doing clothes at the laundromat twice or three times a week. She's tracking the GPS on my cellphone so I can't senak off with the Laundry Lady--I'm doomed.

      I am not a script! I am a free radical!

  3. Monkey prostitutes by Firethorn · · Score: 2, Interesting

    And lastly, he watched capuchin prostitution!

    Proof positive that it's the oldest profession?

    I find it interesting how monkeys can be compared to day traders. I think to goes to show how similar us humans really are to other animals. In many ways we're more a fortunate combination of traits than having truly unique traits.

    --
    I don't read AC A human right
    1. Re:Monkey prostitutes by metushelach · · Score: 1

      No, Pimping is the oldest profession in the world. Prostitution came a close second.

    2. Re:Monkey prostitutes by antoy · · Score: 5, Funny

      I find it interesting how monkeys can be compared to day traders. I think to goes to show how similar us humans really are to other animals.

      I think it simply goes to show how similar day traders are to monkeys.

    3. Re:Monkey prostitutes by montyzooooma · · Score: 5, Funny

      Careful - the monkeys may sue for defamation of character.

    4. Re:Monkey prostitutes by zotz · · Score: 2, Interesting

      "I think it simply goes to show how similar day traders are to monkeys."

      "He also devised two games that showed monkeys could end up feeling as if they'd won or lost, even though they'd actually broken even. Their seemingly irrational preference for the "winning" game had Chen questioning how useful the monkeys would be as a touchstone for studying human behavior. Then he found that a similar study of day traders conducted by another researcher resulted in the same psychological preference. Even when they came out even, the day traders irrationally preferred to feel they won, rather than lost money."

      I don't think it is irrational at all. If I can play two games where the money outcome for each is that I break even, but one leaves me feeling good and one leaves me feeling down, it is comepletely rational under those circumstances to prefer to play the game where I at least feel good when I am done playing.

      Now, it might indeed be irrational to prefer a game where I lost a lot and felt like I won to one where I won a lot but felt like I lost. I could of course just be chalking the losses up to entertainment expenses.

      all the best,

      drew

      http://www.youtube.com/profile?user=zotzbro
      UFOs, Paper Planes, and underwater smoke rings...

      --
      FreeMusicPush If you want to see more Free Music made, listen to Free
    5. Re:Monkey prostitutes by Anonymous Coward · · Score: 0

      Yeah, that caught my eye also. I think it was supposed to mean that it's irrational to feel you've won or lost when you've broken even.

      Of course that's not what the author actually wrote :)

    6. Re:Monkey prostitutes by Anonymous Coward · · Score: 0

      And lastly, he watched capuchin prostitution!
      Proof positive that it's the oldest profession?
      I find it interesting how monkeys can be compared to day traders.
      I guess day traders are whores?

      The cheapest sex I ever had cost me one draft beer. The most expensive cost me a house, a car, and part of my pension. And she was almost as ugly as a capuchin!

      -mcgrew
    7. Re:Monkey prostitutes by elrous0 · · Score: 1

      Actually, 1000 monkeys typing on a keyboard would probably make more money than your average day trader.

      --
      SJW: Someone who has run out of real oppression, and has to fake it.
    8. Re:Monkey prostitutes by zotz · · Score: 1

      "Yeah, that caught my eye also. I think it was supposed to mean that it's irrational to feel you've won or lost when you've broken even.

      Of course that's not what the author actually wrote :)"

      Good point. Interesting wording that.

      It would be irrational to think you had won or lost when you've broken even. Feel? I don't know that how we feel is a rational deal from the start.

      all the best,

      drew

      http://www.youtube.com/profile?user=zotzbro
      UFOs, paper planes, and a bit more.

      --
      FreeMusicPush If you want to see more Free Music made, listen to Free
    9. Re:Monkey prostitutes by ronanbear · · Score: 5, Funny

      in that case they really are very similar to day traders

      --
      the more they over-think the plumbing the easier it is to stop up the pipe
    10. Re:Monkey prostitutes by abb3w · · Score: 1

      Proof positive that it's the oldest profession?

      Depends how you define "profession", I suppose. It does suggest that prostitution seems to develop pretty quickly after the conceptual introduction of the idea of "trade", and perhaps some medium of exchange. The more abstract "trader" is likely to predate it, since the conceptual leap of trading something desirable for something desirable in a different manner is not required; trading grapes for bananas or some suchmay have come first. However, Prostitution thus seems likely to be the oldest professional specialization.

      --
      //Information does not want to be free; it wants to breed.
    11. Re:Monkey prostitutes by gstoddart · · Score: 1

      Careful - the monkeys may sue for defamation of character.

      Hmmm, maybe you meant "Careful - the monkeys may fling poo for defamation of character." ;-)

      Cheers
      --
      Lost at C:>. Found at C.
    12. Re:Monkey prostitutes by Anonymous Coward · · Score: 0

      "Careful - the monkeys may sue for defamation of character."

      Oh, please - the monkeys may be whores, but there are some things they won't do.

    13. Re:Monkey prostitutes by veganboyjosh · · Score: 2, Funny

      no worries, the settlement will be in washers.

    14. Re:Monkey prostitutes by outsider007 · · Score: 1

      In many ways we're more a fortunate combination of traits than having truly unique traits.
      Fortunate? These monkeys are getting laid for *washers*!

      --
      If you mod me down the terrorists will have won
    15. Re:Monkey prostitutes by sgtsqh2o · · Score: 1

      Monkeys are smart therefore day traders are smart too. http://en.wikipedia.org/wiki/Infinite_monkey_theor em

    16. Re:Monkey prostitutes by rizole · · Score: 1

      And lastly, he watched capuchin prostitution!

      Proof positive that it's the oldest profession?
      ...and yet more evidence that humans evolved from monkeys! As if GW wasn't enough.
    17. Re:Monkey prostitutes by Firethorn · · Score: 1

      And those washers are how different than a hundred dollar bill is for humans? Both have little intrinsical value of itself. A c-note is simply a piece of paper with some artwork and a serial number on it. Heck, go back in time and you can find money, used by humans, that are little more than fancied up washers.

      Both can be traded for items of larger intrinsical value(food in the money case). For highly developed creatures, this can lead to a secondary market. In this case the monkey trades ring for sex; prosititute monkey buys food with it. Heck, it's hard to tell what items the monkeys might create a secondary washer market for other than sex, it's not like they need clothing, pots or pans, and shelter is more or less provided for already.

      Heck, we don't even know if they have a sense of property rights beyond what they're holding. That's actually a pretty recent development human wise as well. There are tribes that still don't have that concept today.

      --
      I don't read AC A human right
    18. Re:Monkey prostitutes by kabz · · Score: 1

      No, day-trading is the oldest profession.

      --
      -- "It's not stalking if you're married!" My Wife.
  4. May I be an early welcomer... by Anonymous Coward · · Score: 4, Funny

    of our monkey-shagging overlords?

    1) capture monkeys
    2) provide a selection of washers
    3) !!sex!!
    4) profit!!

    In Africa, monkeys shag you!

    God, Slashdot is soooo predictable these days....

    And why was my capcha 'incest'? Is someone trying to make a point?

    1. Re:May I be an early welcomer... by Anonymous Coward · · Score: 0

      think of the children beware the pedocapuchin

  5. they are like us by wizardforce · · Score: 1, Redundant

    apes, especially monkeys, are very genetically related to humans, because of this it is not surprising to find that they have what we usually think are human behaviors. Gorillas for instance, can be taught to understand sign language, monkeys are known to use tools, form tightly knit groups and even make primitive weapons for killing prey. [spears] In fact, monkeys are so very much like we humans that recently it was debated as to whether to grant them human-like rights.

    --
    Sigs are too short to say anything truly profound so read the above post instead.
    1. Re:they are like us by Anonymous Coward · · Score: 0

      Birds are known to use tools as well, but they're not known for buying them, much less ummm services.

    2. Re:they are like us by bloobloo · · Score: 1

      "Apes, especially monkeys" is like "Fish, especially dolphins"

    3. Re:they are like us by clacke · · Score: 1


      No, "apes, especially monkeys" is not like "fish, especially dolphins". It's like "herrings, especially anchovies" or "dolphins, especially whales". Or, if we accept the colloquial definition of "monkey", it's actually like "humans, especially apes".
      </nitpick>

    4. Re:they are like us by clacke · · Score: 1

      Saying that "apes, especially monkeys" is like "fish, especially dolphins" is like saying that "herrings, especially anchovies" is like "mammals, especially crocodiles".

    5. Re:they are like us by eennaarbrak · · Score: 2, Interesting

      Just because we're genetically similar does not mean we have the same cognitive abilities. Which makes the fact that traders behave like monkeys so much more interesting.

      For a nice expose on the myths of animal "training", take a look at "Do Animals Think?" by Clive Wynne (Easy search on Amazon). In a nutshell, there is no conclusive evidence that animals can "learn" beyond what is required for their natural environment. There is a big difference between Snake! Everyone watch out! and Hmm, I see a dangerous snake, maybe I should tell my rival that there is a nice juicy banana over there!

    6. Re:they are like us by AliasMarlowe · · Score: 1

      apes, especially monkeys, are very genetically related to humans Just to clarify. Apes are closely related to humans.
      Monkeys are more closely related to a certain dancing executive.
      --
      Those who can make you believe absurdities can make you commit atrocities. - Voltaire
    7. Re:they are like us by porcupine8 · · Score: 3, Informative

      Koko the signing gorilla has been pretty well debunked. Actual fluent speakers of ASL couldn't understand a word she was "saying," and outside evaluators could never manage to verify the huge vocabulary that Penny Patterson claimed she had, only a much more limited one (I think something like 100-150 words instead of 1000+). Chimps and gorillas *can* learn to use various symbols as a vocabulary, but they cannot understand grammar. To them, "me eat banana" and "banana eat me" and "me me banana eat banana me" all mean the same thing.

      --
      Warning: Apple/Nintendo fangirl. Likes her electronics cute & cuddly. May be rabid.
    8. Re:they are like us by Anonymous Coward · · Score: 0

      For the last time, AN APE IS NOT A MONKEY, and A MONKEY IS NOT AN APE!!

    9. Re:they are like us by jedidiah · · Score: 1

      So let me get this straight...

      Some "non-native speaker" teaches some entity how to speak a particular language. Subsequently, actual "native speakers" have a big problem understanding this entity.

      Just WHY are you reading so much into the situation?

      Humans are tripped up by nothing more than just talking too fast.

      --
      A Pirate and a Puritan look the same on a balance sheet.
    10. Re:they are like us by Herkum01 · · Score: 2, Funny

      Considering how many internal memos, legal documents and news reports that I have read follow the same structure; I fail to see how their understanding is any different from a persons.

    11. Re:they are like us by DragonWriter · · Score: 1

      apes, especially monkeys, are very genetically related to humans


      Er, no.

      First, monkeys are not a subset of apes. Monkeys and apes are different subsets of primates. Of the two, apes, not monkeys, are most closely related to humans (and of apes, chimpanzees are most closely related to humans.)
  6. From my personal experience by metushelach · · Score: 4, Funny

    If anything, Day Traders are the closest thing you can find to prostitutes.

    Only difference is that prostitutes usually dress up nicer and generally have a better taste in men.

    1. Re:From my personal experience by Opportunist · · Score: 1

      I'd rather compare them to gambling addicts. They'd die or kill, whatever necessary, for an inside tip.

      --
      We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
  7. Bonobo prostitution by dargaud · · Score: 5, Interesting

    I remember watching this video about the sexual life of Bonobo apes (cousins of chimpanzee with a social life very similar to humans in many respects, in particular sex). One funny part was a young male coming to a female resting on a branch with a banana. The males makes it very clear what he wants in exchange, they do the deed and the the female eats the banana after he leaves. The funny part is that in the commentary they explain that this specific female never goes looking for food...

    --
    Non-Linux Penguins ?
    1. Re:Bonobo prostitution by PateraSilk · · Score: 4, Funny

      An even funnier clip I saw had the male bonobo minding his own business, eating a bunch of bananas. A female comes over to him, rolls over and spreads her legs. You could clearly see the male thinking, "Uh, okay, sure!" He drops the bananas, is all ready to get it on, and the female gets up and steals the bananas. The male is left with no bananas and a raging hard-on.

      --
      Danke tres mucho, tovarishch.
    2. Re:Bonobo prostitution by elrous0 · · Score: 1

      Apparently even the monkeys are learning from Paris Hilton.

      --
      SJW: Someone who has run out of real oppression, and has to fake it.
    3. Re:Bonobo prostitution by pohl · · Score: 5, Funny

      ...then he went back to his buddies and said "I slipped her the banana, heh heh heh..."

      --

      The "cue the foo posts in 3, 2, 1..." posts will commence with no subsequent foo posts in 3, 2, 1...

    4. Re:Bonobo prostitution by HungWeiLo · · Score: 1

      On the Nature channel, they also talked about how they would trade food rations for photographs of "alpha-male" top monkeys. Very analogous to humans buying US Weekly or People at the checkout stands.

      --
      There are a huge number of yeast infections in this county. Probably because we're downriver from the bread factory.
    5. Re:Bonobo prostitution by novus+ordo · · Score: 1

      You mean this clip? Oh wait, those aren't bananas..

      --
      "You're everywhere. You're omnivorous."
  8. Re:fiznizzy piszszzzy by Anonymous Coward · · Score: 1, Funny

    Good thing you're here.

  9. Or maybe by Moraelin · · Score: 4, Interesting

    Or maybe, it just shows that you can compare anything to anything, if you carefully choose only the aspects that sorta superficially support your idea, do a lot of sophistry to make them look even more supportive, and keep your fingers crossed that noone notices all else you've ignored.

    Let me tell you a joke: "A researcher puts a flea on a piece of paper and yells, "JUMP!" The startled flea jumps. The researcher cuts off the flea's legs, puts it back on the piece of paper, and yells, "JUMP!" The flea doesn't jump. The researcher notes, "Fleas hear with their legs. A flea whose legs have been cut off can't hear any more.""

    Or here, let me offer definitive proof that cats are nerds, or at least nerds act just like cats. Cats:

    - are naturally attracted to books and keyboards. Mine always used to come curl up on the book I was reading.

    - aren't very social, and don't deal well with extended periods of social interaction. (Keep petting one too long after it signalled "I've had enough," and it might just scratch.) They also actually need periods of being alone or left alone. Also, bringing a new cat home might just result in a fight over who's alpha, instead of, "hi, welcome to the team."

    - except for a few modified/selected races, only "talk" when they actually have something to say and/or when all else failed. (See the widespread myth that meowing is somehow only for communicating with humans.) They're also not good at telling you what they want or why. How introverted is that?

    - have a problem with authority and obeying orders. (See, "herding cats.")

    - have unbalanced diets, by human standard, and would rather not eat their veggies

    - have weird sleep schedules, by human standards.

    - like it warm. I can just see a cat coming to the office in mountain boots and a sweater in July, if it were anthropomorphic.

    - really dislike being stuffed in a suit and tie.

    - really don't like showering, or being given a shower. Actually, "loathe" just about starts to describe it.

    - play (with) all sorts of stuff that makes no sense for a normal human.

    - never discovered complex courting rituals.

    Etc. There you go. I've proven beyond all doubt that nerds act just like cats. Funny how similar we are to animals, eh?

    In practice it just shows how easy it is to find _some_ animal that matches whatever you want to match, if you just look hard enough and ignore what is _really_ happening there. E.g., I've thoroughly ignored the fact that a nerd surviving on say, chocolate or pizza/chinese food only, is doing it because of taste preferences or being too lazy for anything else, while a cat is actually biologically made to be a meat-only eater. ("Obligate carnivore.") E.g., I've thoroughly ignored the fact that a cat's attraction to books isn't because it actually wants to read, and to your keyboard isn't because it wants to program. Etc.

    To get back to the topic, yeah, you can compare anything from the real economy to a monkey play-economy, but it's just material to make Joe Sixpack feel better about his not understanding the real economy. Day trading especially is a complex phenomenon, including such aspects as being, basically, a form of gambling. I.e., when you see monkeys playing cards/dice/3-cups/whatever, then you'll have an essential ingredient in it. Sure, you can look at it superficially being just like monkeys and bottle caps changing hands, but that's the kind of superficial over-simplification that's outright useless except maybe as an emotional metaphor.

    --
    A polar bear is a cartesian bear after a coordinate transform.
    1. Re:Or maybe by Cragen · · Score: 1
      Ok, one monkey gave another a washer. They then groomed each other and then had sex. Other explanations are EQUALLY as possible (given our real ignorance on the reason(s) for the monkeys' behaviors):

      1. It was simply a gift and the ensuing actions may or may not have happened anyway.
      2. It could have been "What's this? You know? Me, neither. Hey, want a back-scratch?"

      To assume anything is simply anthropomorphizing the situation.

    2. Re:Or maybe by supersnail · · Score: 1

      "nerds act just like cats" except when cats do it, its cool!

      --
      Old COBOL programmers never die. They just code in C.
    3. Re:Or maybe by Anonymous Coward · · Score: 2, Interesting

      Honestly you simply are stereotyping cats. And you are being silly for the sake of making a joke but I have to correct you.

      a cat does not inherently act that way, humans promote that behaivoir in them. I have had 5 cats in my lifetime as well as trained 4 more for friends because of how cats act from my rearing.

      Cats if raised correctly will tolerate anything and can learn that humans are harmless and will not hurt me. Instilling this fact (you can even instill this fact into the cats mind of a dog if you have the dog trained correctly)

      All of the cats I have raide or trained sleep normal human hours. they did not go "catting" all night but slept on the bed with the humans. They would come when called, even play fetch. they would not bite or scratch a human even with extended petting them backwards and intentionally annoying them. They would put their mouth on you but not bite down. I have also trained 3 cats recently to respond to commands like sit, lie down, and to speak.

      cats can be trained, cats also can be incredibly social, have human sleep patterns and actually do eat a balanced diet, they want mostly protein which is right for a carnivore.

      Only cats that are left to roam and not trained act the way yours does.

      BTW, thay are not attracted to keyboards and books ,they are attracted to human attention. they actually crave it if they are the only cat, if you have multiple cats you only have cats that dont need humans for their interaction. They are social, and if you train them right are dwonright vocal and will not shut up at times. Hell our current cat asks the dog if it will feed it. The last kitten I trained was convinced the full sized rough collie was so harmless it was trying to play with it like another kitten and the two slept together on a regular basis if the kitten was banished from the bedroom. (it was exceptionally smart and knew that under the covers was hands to be pet with and would find a way under the covers to locate those hands or to simply sleep curled up against a human or two for warmth. Kind of freaks you out to roll over and feel a furball where you dont expect it.)

      cats are very trainable, anda if trained right from a young age, amaze the uneducated masses that think that cats all act a certian way. They dont, only untrained cats left to act like antisocial misfits do.

      you train your dog, Why dont you train your cat? Posting Anon to not get flooded with requests. My training services are availabe online and I will not train any kitten older than 7 weeks. YOU HAVE TO start early and for 2-3 months. and no I will not give out my secrets, I make big bucks at this.

    4. Re:Or maybe by A+Name+Similar+to+Di · · Score: 4, Insightful

      Or maybe, it just shows that you can compare anything to anything, if you carefully choose only the aspects that sorta superficially support your idea, do a lot of sophistry to make them look even more supportive, and keep your fingers crossed that noone notices all else you've ignored.

      Allow me to start by mentioning my bias, I liked the book, took classes from Steve Levitt, and worked for him for a while during and after college. It may help to know that those gimmicky "comparisons" really were not a part of Levitt's academic papers which the book is based on. Here's a bit of background on Freakonomics, basically Levitt writes a ton of clever papers that win him some recognition. Dubner took these papers and simplified them to try and make them accessible to the non-economic public. Sure, stylistically, there's issues that I have with it as well (and these are issues I have with virtually every pop-science book out there). But I feel as if you've belittled the book's content based on some style choices designed to draw the reader in.

      Perhaps I've misunderstood your point, but gimmicky comparisons aside, there's a lot of well thought out content to that book that shouldn't be outright dismissed or characterized badly due to some tasteless introductory paragraphs.

    5. Re:Or maybe by Anonymous Coward · · Score: 0

      - except for a few modified/selected races, only "talk" when they actually have something to say and/or when all else failed.

      Certain Races? Are you hinting that DESI geeks are somewhat more loquacious (i.e. won't freakin' shut up; think they're experts on EVERY topic)? :-)

      [For those not hip to the lingo, Desi = South Asian (Pakistani, Indian, Bangladeshi, Sri Lankan, and sometimes Afghan)]

    6. Re:Or maybe by Moraelin · · Score: 1

      Honestly you simply are stereotyping cats. And you are being silly for the sake of making a joke but I have to correct you.


      Very much so. It was _supposed_ to be a thoroughly silly illustration of anthropomorphising animals, and anthropomorphising all wrong at that, to make fun of people who do that to draw some conclusions about human behaviour.

      So I'm not going to disaggree with your corrections there. E.g., yes, I know what they really wanted when they curled up on my book. Very much so.

      So, on the whole, you wrote the perfect second part to my message, probably better than I could have myself. You illustrate just the kind of stuff that gets deliberately ignored/skipped/hand-waved/etc to make one of those points about comparing humans to animals. That was just the point: once you start looking at that stuff that got skipped over, the whole analogy goes to pieces. Thank you very much for taking mine apart.

      That said,

      only untrained cats left to act like antisocial misfits do. you train your dog, Why dont you train your cat?


      The obvious reason: because I actually like them as they are. I don't consider them "antisocial misfits", I just consider them "cats". I don't expect them to act by human standards, I want them to just act like a cat would. And I don't want them reprogrammed into something they weren't supposed to be. If I wanted a dog, I'd get a dog. I don't need to get a cat and then teach it to be a dog. (Though I did involuntarily teach a dog to be a cat.) And if I wanted something "scripted" to fake a more human behaviour, I'd get a tamagochi.

      And also from a pragmatic point of view: I haven't yet had one which I really had problems with. They were social enough even if they occasionally need some time alone, or had an upper limit of how long a petting can take. So, well, I don't see any reason to pay some money and stress the cat, to "fix" something which isn't a problem (for me.)
      --
      A polar bear is a cartesian bear after a coordinate transform.
    7. Re:Or maybe by Anonymous Coward · · Score: 0

      You're just a nerd - shuddup!

    8. Re:Or maybe by khallow · · Score: 1

      I like how you use a metaphor to attempt to discredit metaphors. Let me add that you never show a problem with the original "monkeys versus day traders" comparison.

    9. Re:Or maybe by Alioth · · Score: 1

      My cats keep my hours, but I didn't go out my way to train them to be like that.

    10. Re:Or maybe by Lost+Race · · Score: 1

      Perhaps the point isn't to anthropomorphize random animals ("ooh look, he thinks he's people!") but to find overlap between "human" and "animal" behavior models. It's important to remember that humans are animals. If the human animal behavioral patterns that drive economics are present in other species as well, then that might lead to insights that make economics itself easier to model.

    11. Re:Or maybe by adelord · · Score: 1

      Posting Anon to not get flooded with requests. My training services are availabe online and I will not train any kitten older than 7 weeks. YOU HAVE TO start early and for 2-3 months. and no I will not give out my secrets, I make big bucks at this.
      Your post left me thinking of a mysterious billionaire cat-trainer decked out in gold, furs, and diamonds. Like a stereotypical dirty-south rapper, only white & geeky, and with many cats.

      You are correct about the rewards of socializing your cat. Playing fetch with my very large silver manx is serious fun.
      --
      Eugene Debs: "Money constitutes no proper basis of civilization"
  10. Washers as money? by yada21 · · Score: 5, Funny

    How can they use washers as money? I assume they're the normal kind made of base metal (not silver or gold) so anybody could mine some more zinc or steel and make more of them. Where's the intrinsic value? It's just another fiat currency like dollars except in this case the 'the man' is the zookeeper.

    --
    I will have a sig when the market demands it.
    1. Re:Washers as money? by Dragonslicer · · Score: 1

      I assume they're the normal kind made of base metal (not silver or gold) so anybody could mine some more zinc or steel
      1) Right, because we can't mine or silver or gold anymore, we just have to use what we already have.

      2) I think you'll find a lot more silver and gold coming out of mines than steel.
    2. Re:Washers as money? by Anonymous Coward · · Score: 0

      Historically, there really was no intrinsic value for gold as a money base either. That's why the Aztecs and Mayans slathered everything in gold; it was only useful as a pretty decoration. It's too soft to make good weapons, you can't eat it and the Aztecs hadn't got their semiconductor industry up to speed when the Conquistadores came.

    3. Re:Washers as money? by RealGrouchy · · Score: 1

      How can they use washers as money? ... Where's the intrinsic value? I take it you haven't seen how many loose screws are in the monkey cage?

      - RG>
      --
      Hey pal, this isn't a pleasantforest, so don't waste my time with pleasantries!
  11. Good book, big ego by kenlars99 · · Score: 1, Flamebait

    I enjoyed the first freakanomics, but they guy does seem to have a big head... each chapter starts with some quote by somebody else about how great the author is.

    A few things that were informative were also spun as revolutionary, such as the idea that a real estate agent or other agent in a transaction does not have the same incentives as the person they represent...

    1. Re:Good book, big ego by Catchwa · · Score: 2, Insightful

      I enjoyed the first freakanomics, but they guy does seem to have a big head... each chapter starts with some quote by somebody else about how great the author is.

      it does? In my "Revised and Expanded Edition" there's nothing of the sort.

      Also, their blog (which was linked in TFA, but who reads TFA) is well worth a read if you enjoyed the book (or even if you haven't read it).

    2. Re:Good book, big ego by kenlars99 · · Score: 1

      Well if someone had asked me to revise the book, that would be the first thing I would have removed, so I'm not surprised...

    3. Re:Good book, big ego by Anonymous Coward · · Score: 0

      I totally agree, I thought the same thing when I read it. What the hell is the point in all that self promotion? That's not flamebait, it's accurate!

    4. Re:Good book, big ego by belg4mit · · Score: 1

      I thought this was the reporter's influence on the product, whoring out the humble academic?

      --
      Were that I say, pancakes?
    5. Re:Good book, big ego by K-Man · · Score: 1

      He seems to be popularizing a lot of research, but it's the type of thing many of us do naturally. For me, chasing down hidden indicators is pretty much par for the course. I live in San Francisco, and the city is so routinely out of whack, corrupt, negligent, etc., that I practically maintain my own data warehouse of performance data.

      His "surprising facts" were not that surprising. The fact that many crack dealers live with their mothers? That's a no-brainer. Mom doesn't have a criminal record, so mom is eligible for public housing, and junior waltzes in without a lease. Free housing, plus a layer of deniability for eviction court. Public housing lessees are something like 65% female.

      Likewise, in a town with little effective prosecution, how do you get rid of drug dealers? Get them parking tickets. Then when the parking people don't do their jobs you have to go after meter revenues, file sunshine requests on ticket totals, even go out and count cars at expired meters (around 80%).

      How do you get a map of all gunfire incidents in San Francisco? Not from the cops (until recently) or the DA. The Health department publishes one, though.

      It's all a game of people protecting their turf, and the public tricking them into revealing their information. These days, anyone can crunch data, so the task is mainly to think of useful measures to apply to available sources. The book wasn't bad, but it didn't teach me much.

      --
      ---- "If we have to go on with these damned quantum jumps, then I'm sorry that I ever got involved" - Erwin Schrodinger
  12. What makes monkeys so special? by iminplaya · · Score: 3, Funny

    The only reason you don't see amoebas doing the same thing is because they don't have opposable thumbs.

    --
    What?
    1. Re:What makes monkeys so special? by benjamin264 · · Score: 1

      You answered your own question...

    2. Re:What makes monkeys so special? by iminplaya · · Score: 1

      I'm talking about motivation, not ability :-) It's the common link amongst all lifeforms. Monkeys and amoebas alike. And the same goes for humans. I wonder if what they saw in these experiments more closely resembled the old Times Square than Wall St., if there was any real difference between the two.

      --
      What?
  13. Re:Bonobo prostitution - maybe not by arcite · · Score: 1

    On the contrary it sounds like the female has herself a sex slave. ;)

  14. man, beast and machine by N3wsByt3 · · Score: 1

    "I think to goes to show how similar us humans really are to other animals."

    Kenan Malik would disagree.

    That said, there are some things I disagree with Kenan Malik myself. ;-)

    In any case, his book 'man, beast and zombie' is an interesting read, which make you wonder of the intrinsical (?) differences between humans and animals (and AI's).

    --
    --- "To pee or not to pee, that is the question." ---
  15. I disagree by arcite · · Score: 1
    Humans thrive on metaphor and symbols. In fact we are the only species on the planet that can create, manipulate, fuse, and synthesize in everything we do. Perhaps it is true that some metaphors are more useful than others, but metaphors more often than not help people understand. The proof? Look at the continued success of poems; Are these essential to human development? Many would argue yes.

    Humans are a fickle species. We demand to be entertained, humored, amused. Perhaps its our irrational emotions taking control of our better judgment, but then again if we didn't have these characteristics, we would be as interesting as snails...and probably not nearly as successful.

    1. Re:I disagree by Anonymous Coward · · Score: 0

      it's some kind of.. metaffer...

  16. They don't have any thumbs to speak of! by arcite · · Score: 1

    And their cookings skills are none too developed either.

    1. Re:They don't have any thumbs to speak of! by zotz · · Score: 1

      What? Monkeys or amoebas?

      And let's not even mention those spyrogyrators shall we?

      all the best,

      drew

      http://www.youtube.com/profile?user=zotzbro
      If you dare...

      --
      FreeMusicPush If you want to see more Free Music made, listen to Free
    2. Re:They don't have any thumbs to speak of! by PateraSilk · · Score: 1

      And because of this, they can't get the nuts on the bolts, so they have no use for washers.

      --
      Danke tres mucho, tovarishch.
  17. Yes, but TRAINED by Moraelin · · Score: 3, Interesting

    That may well be so, but that sorta misses the point that it's useless to compare a human to an animal that has been _trained_ to do something, as a way to draw conclusions about the human. E.g., sure, you can train a gorilla to understand sign language, and it sure says something about its intelligence. But then you can't go and write a book on the premise that, basically, "hey, what mutes do is exactly the same sign language as these gorillas are using! Mutes are just like gorillas!"

    Basically it's bullshit to then compare a community of gorillas arificially _trained_ to do X to a community of humans who have a rationale behind doing X, as if there were no difference there. Whatever X may be.

    In this case, "monkeys using washers/caps/whatever as money" conjures an image that is thoroughly misleading. It's not like those monkeys just saw a heap of washers and went, "I know, let's use those as money". They were _trained_ and coaxed to play a game they don't even understand.

    Money was a hard concept to figure out even for humans. It took tens of thousands of years to figure that one out. Even if you look at the economy of, say, the Old Kingdom (an ancient Egypt period), it was based on barter. If you had some extra grain (e.g., you were a farmer) and wanted a pot, you'd go to the potter and ask, basically, "how much grain do you want for that pot?" Then the potter wanted a knife and went to the smith and asked, "can I trade you some pottery for a knife? What if I gave you some of this grain I earned too?" And so on.

    Discovering money wasn't just an accidental seeing a round piece of metal and going, "oh, you know, we could use a bunch of those as money." It was a long and rocky road in itself, for example, discovering first the artificial value of jewellery and other rare luxuries. Then the fact that a golden chalice could be stored longer than a ton of grain, which would eventually rot. And only then the money wasn't just some rounded bits that could be traded, but a standardized quantity of such a valuable, non-decaying metal.

    E.g., the value of the Roman Solidus, wasn't just being a round piece like a washer, but being a standardized quantity of gold. There wasn't some arbitrary assigned value to it, like when playing with washers or Monopoly money, the value was the exact value of the 4.5g of gold in it. Two pounds of Solidi weren't just an arbitrary value multiplied by the number of coins, it was the exact value of two pounds of gold.

    Floating paper money with floating values are a _very_ recent invention, and it took lots of growing pains to wrap the human mind around _that_ notion. It took first assigning a value in gold, and getting people to believe that they can actually go and redeem a 100$ note for 100$ worth of gold. I.e., the value was _still_ tied to the idea of having an inherent value. It took a Great Depression to finally decouple money from an intrinsic value in precious metals, and some people _still_ can't really wrap their mind around it.

    That was, in a nutshell, 40000 years after humans got out of Africa. Yep, 40k years. That's how long it took humans to arrive at the modern concept of money as just tokens.

    So it's silly to believe that a bunch of monkeys would just see a bunch of worthless (for them) washers and immediately come up with the exact same concept. "Hey, we'll use these as tokens whose value is dictated by supply and demand." Nope, sorry, it's just not going to happen.

    What you can have is monkeys _trained_ to play with washers in a mockery of an economy. We don't even know how much they understand there, and how much is mindless imitation and "pavlov's dog" kinda reflexes.

    E.g., did someone actually figure out prostitution in all its human implications? Or more likely, a bunch of monkeys trained to give tokens to the researcher on all occasions, e.g., when they're fed, started also giving tokens as a reflex to anyone, including to the female they're mating with?

    Did they really understand the concept of _buyin

    --
    A polar bear is a cartesian bear after a coordinate transform.
    1. Re:Yes, but TRAINED by rozz · · Score: 1, Insightful

      That may well be so, but that sorta misses the point that it's useless to compare a human to an animal that has been _trained_ to do something, as a way to draw conclusions about the human. E.g., sure, you can train a gorilla to understand sign language, and it sure says something about its intelligence.
      ...........
      Basically it's bullshit to then compare a community of gorillas arificially _trained_ to do X to a community of humans who have a rationale behind doing X, as if there were no difference there. Whatever X may be.

      sorry to break your party but EVERYTHING you know and do as a human comes from the TRAINING you received... a school for humans works on the same basic principles as a school for dogs, gorillas, etc .. the only diff is that humans seem to have a way better capacity to assimilate that training .. or it's just that the methods are better suited for them.

      --
      "There is nothing more frightful than ignorance in action." Johann Wolfgang von Goethe
    2. Re:Yes, but TRAINED by Opportunist · · Score: 5, Insightful

      Still, the analogy holds. Since we too are "trained" to see money as money. Do you really think a lot of people put any thought into the development of money and currency? No, they are trained that they get goods for their greenbacks, and that they may accept those green bills for their stuff 'cause there's someone else who's gonna give them other items for them.

      People don't see that development, the money-for-gold of the old days. They see the essentially worthless token that becomes valuable because everyone around them deems it just as valuable. They don't care about how international trade influences inflation and how the Dollar stands towards the Euro or Yen, they know that prices go up or wages go down, but the why and how completely escapes them.

      So generally, most people are just at the level of those monkeys. They know that if they perform some tricks (i.e. work), they will get some tokens (a paycheck) and they can redeem them for sweets (or a new computer). And that's it.

      When you look at the bottom of it all, you'll see that many people are just that: Trained monkeys.

      --
      We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
    3. Re:Yes, but TRAINED by Moraelin · · Score: 2, Interesting

      sorry to break your party but EVERYTHING you know and do as a human comes from the TRAINING you received... a school for humans works on the same basic principles as a school for dogs, gorillas, etc .. the only diff is that humans seem to have a way better capacity to assimilate that training .. or it's just that the methods are better suited for them.


      Sorry to break it to you, but if all that school left you with is a bunch of pavlovian reflexes, like a school for dogs would, then you probably shouldn't be a human to start with. I will assume you were just going for a figure of speech, instead.

      A characteristic of humans is that you can also think about it later, and change that training. You can later realize stuff like, to use that old joke as an example, "wth, mom's cutting off the end of the pot roast was only because she didn't have a bigger pot. I have one, so I can change that recipe." Or you can move to another country/group/whatever and realize stuff like, "oh, here it's impolite to blow your nose at the dinner table, like dad kept doing, let's refrain from doing it." You don't continue doing it for the rest of your life, like a trained dog would.

      The difference basically is that you also have the intellect to understand _why_ something is done, _when_ it's done, and when _not_ to do it. It's not just stimulus-reaction reflexes based on pure association. You have the mental power to realize when an existing reflex is stupid, and force yourself to stop or develop a better one.

      Well, or _should_ have the mental power. Maybe I'm assuming too much ;)

      That's how all human progress happened too. Some guy had been dragging stuff around all his life, and then comes up with the idea of rolling bigger stuff on logs. Some other guy had been pushing stuff on logs, and notices he doesn't really need the whole log: the end discs will do. Voila, you have wheels now.

      And to get back to the economy: some guy had been dealing with gold coins all his life, then he figures out that you don't need to actually carry the coin, a note saying "this is worth X ounces of gold" will do the trick just nicely. Voila, now you have paper money.

      _That_ is the point. While an animal might just blindly apply a reflex again and again, a human can choose which reflexes to apply and which not. There is usually some rationale and logic behind whether you do something or not. Whereas training an animal to mechanically do the same thing, doesn't really tell you much about the humans. As long as the monkeys just apply some trained reflexes, as opposed to having a reason for it, you can't really say, "heh, day traders act just like monkeys." That's only because you trained the monkeys to imitate it. No more, no less.
      --
      A polar bear is a cartesian bear after a coordinate transform.
    4. Re:Yes, but TRAINED by TheLink · · Score: 3, Insightful

      Most people don't understand money either. They're just passing around tokens the way they've been trained by their parents and others around them.

      Washers and monopoly money aren't worth much because not enough people believe they are worth something.

      What it takes is belief.

      If the belief in the US Dollar's value weakened, it will fall in value. If it dropped enough you might have to give a million of them to perfect strangers just to buy loaves of bread, or a virtual sword in an MMOG.

      Most people do not make buying decisions the way you claim they do. Only a few would do "this will save me X hours, but does it cost more than I make in X hours". Maybe even more people would go "Shiny! Let's buy it" than do what you say (looking at how advertising works ;) ).

      See "The Psychology of Spending": http://web.mit.edu/giving/spectrum/winter99/spendi ng.html

      --
    5. Re:Yes, but TRAINED by $1uck · · Score: 2, Insightful

      Maybe I'm assuming too much
      You are. You assume you know that animals can't reason or think about things and apply them differently. Do you really for a moment think the researchers trained the monkeys to be prostitutes for the washers/money? No thats an instance of the monkey's reasoning and thinking about new and other ways to garner their sweets. Is the ability of the monkey's to reason and think about the training as sophisticated as our ability? probably not, but it seems like it should be judged on a case by case basis as there are some truly stupid people out there.
    6. Re:Yes, but TRAINED by ThosLives · · Score: 1

      You've hit on something that I've been pondering for a while...I've been thinking that one of the qualifications for 'sentience' needs to be "willfully and knowingly acts in opposition to instinct or trained behavior". The problem with that, I realize, is how do you know that it's willful and not also just part of some other training...

      --
      "There are a dozen opinions on a matter until you know the truth. Then there is only one." - CS Lewis (paraprhase)
    7. Re:Yes, but TRAINED by UbuntuDupe · · Score: 1

      You're correct, but you make it sound a little too pessimistic. The dollar's market value is based on people's believe it's worth something, but it's not totally a collective delusion. Remember, the US government and the Federal Reserve (or do I repeat myself?) have real assets like gold that they can use to stop too sharp of a decline in value of the dollar (by "soaking up" dollars through sale of its assets for dollars). In practice, of course, it's a little screwy because the Fed actually manages the dollar's value not by trading gold, but buy trading claims to future dollars (aka US government bonds).

      And, more importantly, the government has the ability to tax, and the need for people to pay their taxes in US dollars gives the dollar a (corrupt and immoral but effective) basis for its value.

    8. Re:Yes, but TRAINED by mrchaotica · · Score: 1

      The difference basically is that you also have the intellect to understand _why_ something is done, _when_ it's done, and when _not_ to do it. It's not just stimulus-reaction reflexes based on pure association. You have the mental power to realize when an existing reflex is stupid, and force yourself to stop or develop a better one.

      I think you'd be surprised to realize just how much like the rest of the apes we really are. Do you actually think this "intellect" is inherent to being human? It's not; it's "trained" too! How do we know this? By observing children that don't get the training. They act more like animals than most chimps (trained or untrained -- even the "untrained" ones are still trained in chimp society) do!

      --

      "[Regarding the 'cloud,'] ownership was what made America different than Russia." -- Woz

    9. Re:Yes, but TRAINED by TheLink · · Score: 1

      Pessimistic?

      The US dollar is not gold backed, but it doesn't have to be as long as everyone uses the US dollar for trade - the Feds can keep printing money (either by actually printing money or with "IOU"s) and things still "kinda work" (there's so much USD in circulation and 66% of it is held outside the USA, so it's not devalued as fast). The problem is if more and more start shifting to other currencies like the Euro. In 2002/2003 EUR25 and USD25 would get you 1 barrel of oil. In 2006 it was USD70 vs EUR57.

      The Bank of Japan and Bank of China respectively hold about 640 and 350 billion USD of the Fed's debt. That's 20% of the total US public debt as of end 2006. And 44% of the total US public debt is held by foreigners.

      Basically Japan and China lend the US money and the US buys their stuff. It's a bit of a shell game and a bit of "Mutually Assured Destruction" ;). Though it'll eventually blow up, so far it's worked longer than the previous "schemes".

      And when things blow up, given that 1-2% of the population owns 40-50% of all the wealth and 20% own 80%, many of the extremely rich will just use that opportunity to increase their share of the ownership (buy low, sell high and guess who has spare money to buy stuff in times of trouble).

      Enjoy the world's Monkey Business and Freakonomics while it lasts :).

      --
    10. Re:Yes, but TRAINED by Red+Flayer · · Score: 1

      So it's silly to believe that a bunch of monkeys would just see a bunch of worthless (for them) washers and immediately come up with the exact same concept. "Hey, we'll use these as tokens whose value is dictated by supply and demand." Nope, sorry, it's just not going to happen.
      Well, TFA does state that the monkeys were trained to use the washers as currency.

      It took a Great Depression to finally decouple money from an intrinsic value in precious metals, and some people _still_ can't really wrap their mind around it.
      What gets me is that the same leap-of-faith has to have been taken for precious metals to be precious; they have no more intrinsic value (other than industrial uses) than paper currency does.
      --
      "Trolls they were, but filled with the evil will of their master: a fell race..." -- J.R.R. Tolkien on Olog-hai
    11. Re:Yes, but TRAINED by Sique · · Score: 1

      The main reason for the U.S. Dollar to have a value is your ability to pay your debts with it. As long as you pay a contractually determined sum of U.S.$ to your contractual partner (the debitor), your obligation is fulfilled, and the debitor has no legal recourse against you.

      This is what actually gives the Dollar its inherent value. Because your employer can get rid of his debt for your work by paying you a contractually agreed upon sum of dollar, he has hired you. Because the grocery store can pay its debt to the distributor with U.S. dollar, it'll accept your U.S. dollar in exchange for its goods. The dollar will keep its value as long as enough people accept it as payment for debts.

      --
      .sig: Sique *sigh*
    12. Re:Yes, but TRAINED by jdavidb · · Score: 1

      There's a great book on the history and nature of money here. But personally, I think the humans have been trained in many respects, like the monkeys.

    13. Re:Yes, but TRAINED by Anonymous Coward · · Score: 0

      You make some interesting and (some, IMO) valid points, but I would disagree with money representing a unit of work. Money's value is it what it is able to be exchanged for. When you're working, you're exchanging your time and skills for money (regardless of whether you're self-employed or otherwise). By establishing a relationship between work (applied time and skills) to what we need/want as consumers (food, transport, entertainment, etc..), we establish a relationship (via money, but bartering would also work) between them. In doing so it allows us to then make comparisons of our time and effort of doing things for ourselves as opposed to buying or sourcing something that we need from somebody else.

      The way you suggest that money represents a unit of work would imply that those who earn less money from their job do less work and those that earn more must obviously work more. I don't know about your experience, but that isn't supported by my observations.

      I'm sure you're mostly just reacting to the comments that people are making in regards to us being like monkeys. With that said, this IS slashdot after all, and most comments should be taken with lots of salt (irrespective of the health consequences of the amount of salt often required!).

      You do raise the issue of how much the monkeys understand. Its true, from the article its not clear. I'm sure those working directly with the monkeys would have their own opinions, but you've haven't shown yet that the monkeys don't understand (regardless of the possible lack of depth of that understanding). If the monkeys realise that the washer allows them to get something they need, then it (likely) becomes a token of value to them. If they don't need to work to get the tokens, then it isn't even related to work. (Actually, I know some people supported by their parents who don't seem to need to work much either!).

      Personally, I think many of us often under-estimate the intelligence of animals, just because they can't (easily) communicate with us and don't act like we do. I think that anybody who spends a significant amount of time with animals would probably feel the same.

      So, while yes, we shouldn't go overboard about what these means for monkey economics and whether they'll be trading stocks soon, or whether (human) traders are likely to get excited by bananas, many experiments work by simplifying the situation to allow it to be more easily tested and understood. Just because something is a "toy" doesn't mean that it can't still be used for illustrating a relevant point.

    14. Re:Yes, but TRAINED by rozz · · Score: 1

      Sorry to break it to you, but if all that school left you with is a bunch of pavlovian reflexes, like a school for dogs would, then you probably shouldn't be a human to start with. I will assume you were just going for a figure of speech, instead.

      no figure of speech ... the first steps in your training are exactly the same as in a school for dogs .. the only diff- usually, a dog needs weeks/months to get it, a baby may only need seconds for the same stuff


      A characteristic of humans is that you can also think about it later, and change that training. You can later realize stuff like, to use that old joke as an example, "wth, mom's cutting off the end of the pot roast was only because she didn't have a bigger pot. I have one, so I can change that recipe." Or you can move to another country/group/whatever and realize stuff like, "oh, here it's impolite to blow your nose at the dinner table, like dad kept doing, let's refrain from doing it." You don't continue doing it for the rest of your life, like a trained dog would.

      The difference basically is that you also have the intellect to understand _why_ something is done, _when_ it's done, and when _not_ to do it. It's not just stimulus-reaction reflexes based on pure association. You have the mental power to realize when an existing reflex is stupid, and force yourself to stop or develop a better one.

      Well, or _should_ have the mental power. Maybe I'm assuming too much ;)

      That's how all human progress happened too. Some guy had been dragging stuff around all his life, and then comes up with the idea of rolling bigger stuff on logs. Some other guy had been pushing stuff on logs, and notices he doesn't really need the whole log: the end discs will do. Voila, you have wheels now.

      And to get back to the economy: some guy had been dealing with gold coins all his life, then he figures out that you don't need to actually carry the coin, a note saying "this is worth X ounces of gold" will do the trick just nicely. Voila, now you have paper money.

      _That_ is the point. While an animal might just blindly apply a reflex again and again, a human can choose which reflexes to apply and which not. There is usually some rationale and logic behind whether you do something or not. Whereas training an animal to mechanically do the same thing, doesn't really tell you much about the humans. As long as the monkeys just apply some trained reflexes, as opposed to having a reason for it, you can't really say, "heh, day traders act just like monkeys." That's only because you trained the monkeys to imitate it. No more, no less.

      you got lost into Details ... quite a lot of them :)
      and i said "everything you know *comes* from training" .. COMES, not IS .. of course that the most part of what you are depends on the way you improve/interpret that training ... some ppl only need an impulse and then they go years-light ahead, some need years long training, some never get it, etc .. but without the initial training you are nothing but a slightly better ape ... look at people that grew up isolated in the jungle.

      as for the second part, you assume only ppl can improve on their training ... there is plenty of evidence to dismiss that, even rats do it.

      anyway, thx for your time and good luck .. and try improve on your reading training ;)

      --
      "There is nothing more frightful than ignorance in action." Johann Wolfgang von Goethe
    15. Re:Yes, but TRAINED by rozz · · Score: 1

      moderated "troll" .. cool.

      i guess if you dont write 3 pages and you dont explain every line and argue it with 10 links, you must be a troll .. whats wrong with posting just the bare idea and asking the reader to THINK for a bit?
      but then .. i guess asking someone to think it's quite a flamebait.

      whatever .. some of you mods are just sad

      --
      "There is nothing more frightful than ignorance in action." Johann Wolfgang von Goethe
  18. Yes, but... by Moraelin · · Score: 1

    Yes, but, see, the trick is to know when it's just a funny metaphor which shouldn't be taken seriously. Nothing against the human species coming up with entertaining metaphors, similes and other figures of speech, but the trick is to know that that's not, in fact, an accurate model of reality.

    Yes, if we couldn't dream, fantasize, whatever, we'd probably be less successful than snails. But equally if we took all phantasies to seriously, we'd be even less successful. The trick is to _not_ jump off the house just because you dream of flying.

    Same here. It's ok to read about monkeys trained to enact a silly pseudo-economy game, and to be entertained by it. What I'm saying is: but please _do_ remember that it's essentially only entertainment. It may be packed in some pseudo-scientific and all revelation babble, but do come back to RL when you're done with it anyway. Realize that, once that entertainment is over, the RL economy still doesn't work like that. Judging RL economy by what silly play a bunch of trained monkeys do, is about as productive as judging RL warfare by D&D rules.

    --
    A polar bear is a cartesian bear after a coordinate transform.
    1. Re:Yes, but... by maxume · · Score: 2, Insightful

      Trained monkeys enacting a silly pseudo economic game *is* a decent description of the real world.

      (Or do you think pretty, shiny diamonds truly are useful, and so on?)

      --
      Nerd rage is the funniest rage.
  19. What amused me.. by Brickwall · · Score: 0

    .. is that Dubner reportedly drew twice the audience of Microsoft's CEO.

    --
    What was once true, is no longer so
    1. Re:What amused me.. by cntlzed · · Score: 2, Funny

      That is because there were twice as many chairs for this guy.

    2. Re:What amused me.. by Opportunist · · Score: 2, Funny

      Be honest: Given the choice of hearing a guy speak about the new features of Vista and one speaking of monkey prostitutes and how they do it for bottle caps, which one would you pick?

      Also, bear the probable audience in mind...

      --
      We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
  20. I've read the book... by rinkjustice · · Score: 4, Funny

    and I've taken economics in college, but the kinda freakonomics people should hear more about (and do something about) is how the top 1% of the American population controls 95% of the wealth. Between 1979 and 1997, income for the middle class rose 9%m while income for the top 1% rose 140%! Now that's freaky!

    1. Re:I've read the book... by Anonymous Coward · · Score: 0

      1% of obsessive compulsive people happen to be wealth oriented, and that's the only thing that makes them happy - more, more, more....

    2. Re:I've read the book... by Notquitecajun · · Score: 2, Insightful

      Odd how we haven't had any sort of economic collapse, isn't it? So the people who know how to make money just make more. Wow. What a concept.

    3. Re:I've read the book... by Anonymous Coward · · Score: 1, Interesting

      Oh noes! You left out how the top 20% of wage earners pay 80% of the taxes, and how the top 50% pay 96.03% of the taxes.

      Also notice how well the middle class has been doing all the years...after all, that's who the top 1% are paying their money to.

      In other words, no shit. Every citizen can't have a multimillion-doller corporation, be a CEO, etc.

      Would you rather us all be equally broke and unhappy, or just the ones who choose to be that way?

    4. Re:I've read the book... by fruey · · Score: 2, Insightful

      You say "the top 1% of the American population controls 95% of the wealth"

      The article you quote says "The top 1 percent owns over 38 percent of the nation's wealth"

      You got confused with "The top 1 percent's financial wealth is equal to that of the bottom 95 percent" which is not the same.

      --
      Conversion Rate Optimisation French / English consultant
    5. Re:I've read the book... by Lord+Ender · · Score: 1

      Your complaints are meaningless unless you propose a solution. Oh, and any solution which causes business to LEAVE the US, driving pay for the average American DOWN, is probably a stupid solution.

      Put up or shut up.

      --
      A slashdotter who didn't build his own computer is like a Jedi who didn't build his own lightsaber.
    6. Re:I've read the book... by rinkjustice · · Score: 1

      Math was never my strong suit, especially after I first wake up. Here are more coherent statistics:
      http://multinationalmonitor.org/mm2003/03may/may03 interviewsbernstein.html

    7. Re:I've read the book... by jackbird · · Score: 1, Insightful
      How about restoring highly regressive tax rates on stratospheric tax brackets, as well as the inheritance tax, closing loopholes allowing people to offshore their wealth, and funding the IRS to enforce the laws.

      Check out the top tax brackets from the 50s and 60s (a time of great economic growth) sometime.

    8. Re:I've read the book... by Luyseyal · · Score: 2, Interesting

      Right... so the top 1% should be paying 95% of the taxes. :p

      Back in the real world, we nearly have a flat tax already.

      -l

      --
      Help cure AIDS, cancer, and more. Donate your unused computer time to worldcommunitygrid.org. Join Team Slashdot!
    9. Re:I've read the book... by jedidiah · · Score: 1

      Those with 95% of the income should be paying at least 95% of the taxes.

      If this is the top %1 of the earners, then so be it.

      --
      A Pirate and a Puritan look the same on a balance sheet.
    10. Re:I've read the book... by maxwell+demon · · Score: 1

      You say "the top 1% of the American population controls 95% of the wealth"

      The article you quote says "The top 1 percent owns over 38 percent of the nation's wealth"


      Of course those two statements are no contradictory (although they also don't support each other). After all, people can control money they don't own.
      --
      The Tao of math: The numbers you can count are not the real numbers.
    11. Re:I've read the book... by Lord+Ender · · Score: 1

      Hey, I love the idea of living in a meritocracy. But, if we raise the inheritance tax, won't our billionaires just retire to some offshore location and take the money with them (out of our economy)?

      Also, taxing the highest tax brackets more sounds like a great idea, but wouldn't that encourage outsourcing (lowing US job supply, lowering US average salaries, raising US unemployment)?

      Living in a fair world would be great, but I don't see that happening unless there is one world government that sets economic policies evenly across all countries.

      --
      A slashdotter who didn't build his own computer is like a Jedi who didn't build his own lightsaber.
    12. Re:I've read the book... by daigu · · Score: 1

      You have a good point. One that needs to be carefully illustrated because people like to make this confusing. As a starting point, look for official government sources rather than Nader.org and make a clear distinction between wealth and income.

      So, if you want to talk about money income, you can look at Table 676 or 678 of the 2007 U.S. Statistical Abstract. It presents a good trend line. If you want more detail, you could use the Money Income of Households.

      The main point from this source is that from 1980-2004, if you use constant dollars, the only group making more money are those making $100,000 or more. Everyone else is earning less.

      For changes in wealth, the Federal Reserve has a good piece linked from the Wikipedia article on the topic of Welath Distrubtion in the United States, but it undermines your argument somewhat because I think you have overstated the case a bit:

      A key stylized fact is that during this period, the division of wealth observed in the SCF attributes roughly a third each to the wealthiest 1 percent, the next wealthiest 9 percent, and the remainder of the population.

      Although the wealth distribution generally rose over the 1989 to 2001 period, simple measures of wealth concentration fail to show consistent patterns. Moreover, few changes in groups' shares are statistically significant. For example, the wealth share of the top 1 percent of the wealth distribution moved from about 30 percent in both 1989 and 1992 to about 35 percent in 1995 and it tapered down to 33 percent by 2001; none of the changes are statistically significant according to the estimation methodology used to compute standard errors for the SCF.

      I think the Federal Reserve is probably biased a bit downward...but I don't think you can claim the top 1% controls 95% of wealth. Still, I think your point is a good one. You just need to use a more accurate statistical formulation - say that the bottom 50% only has 3% of all wealth.

    13. Re:I've read the book... by RealGrouchy · · Score: 1

      Odd how we haven't had any sort of economic collapse, isn't it?

      Depends on who you mean by "we". Argentina had a huge economic collapse, and now there's a huge usury-free "local" currency movement there.

      So the people who know how to make money just make more.

      Yes, the literally do "make more", ex nihilo .

      - RG>
      --
      Hey pal, this isn't a pleasantforest, so don't waste my time with pleasantries!
  21. Yes and no by Moraelin · · Score: 1, Insightful

    As usual with such issues, the answer is: yes and no. Depends what you're looking at and at what level.

    Yes, you can say that many individual humans are not much better than trained monkeys. But that's a different topic.

    No, IMHO, you can't compare:

    A) a human behaviour that evolved over 40,000 years, and based on concepts refined and formalized over all that time, to

    B) a monkey behaviour that exists only because someone trained them to do that.

    Even if many of the individual humans involved at point A don't really understand that evolution and those concepts, nevertheless, some smarter humans before them did. Joe Sixpack may not understand Keynesian economics in regard to, say, government spending, but Keynes did. It's not a random behaviour that came out of nowhere.

    Saying, basically, "haha, human traders act like monkeys" would be valid if we were talking behaviour which the monkeys genuinely discovered on their own. Not when it's monkeys trained to reproduce a human behaviour. Then it becomes, basically, "haha, human traders act like monkeys trained to act like human traders"... err... what's the surprise or revelation there, then?

    Even if you talk about the individual "trained monkey" humans, the best you can say that something is simple enough so both a human and a monkey can be trained to do. That's a valid observation.

    But reducing the behaviour itself to, basically, "it's the same that monkeys do", isn't saying that much when those monkeys only do it because someone coaxed them to. It's not really monkey behaviour, it's _human_ behaviour that the monkeys have been trained to imitate. It's not really comparing human behaviour to monkey behaviour, but really human behaviour to the same human behaviour. Whop-de-do, big surprise that it ends up the same.

    Even if you view humans as trained monkey, it's really comparing:

    A) a human trained humans to do X, vs

    B) a human trained monkeys to do X.

    The real common denominator there isn't "humans act like monkeys", but the fact that a human trained both to do the same.

    That is, basically, my objection.

    --
    A polar bear is a cartesian bear after a coordinate transform.
    1. Re:Yes and no by BiggerIsBetter · · Score: 3, Insightful

      You're right, but IMHO, that just tells me that the monkeys and us are not so different. They haven'thad to evolve that behaviour, but they're capable of implementing it. It suggests that monkeys would be capable of arriving at a society similar to ours, given enough time and environmental pressure to do so (including specialization, see the post about the female bonobo monkey).

      --
      Forget thrust, drag, lift and weight. Airplanes fly because of money.
    2. Re:Yes and no by Shotgun · · Score: 1

      So you're saying that someone studied and explained the behavior of day traders and formalized a theory about how they behaved. Now that there is an explanation the behavior has been modified? The traders are no longer acting like trained monkeys?

      Wouldn't it make more sense to explain the monkeys' behaviour with the same theories as used for the day traders?

      --
      Aah, change is good. -- Rafiki
      Yeah, but it ain't easy. -- Simba
    3. Re:Yes and no by Opportunist · · Score: 1

      Erh, I hope you don't want to claim that our system of trade somehow "evolved" into our genetic makeup. That would be, quite bluntly, bullcrap. Trading and the 'value of money' is a learned practice that we do of course pass on to the next generation, since they can't exist in our world without the knowledge of money and property in the first place, but it's no less a learned behaviour than stopping at a red light. It's not something ingrained in our brains and rooted so deeply that we simply feel compelled to accept money for our products.

      The system evolved, that much I will hand you. The system grew from the exchange of furs for meat to stock options and day trade. But it still is something we have to teach our kids, they don't grow up and suddenly feel the urge to get money so they can get goods.

      The system of exchanging money and goods is a learned practice, not an innate trait. And the same way we teach our kids the basics of commerce when they want to buy their first chewing gum those monkeys were trained.

      How far you take the training will determine how deeply into the matter your kids can dig, how much they will understand the finer details of trade, commerce and the "real" value of money in international clearing business. But it is nontheless a trained skill.

      Now, you will not make a chimp a day trader. How they are supposedly behaving like them is beyond me as well, I guess one would have to read that book to see where that guy saw the similarities.

      --
      We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
    4. Re:Yes and no by abb3w · · Score: 1

      Even if you view humans as trained monkey, it's really comparing:
      A) a human trained humans to do X, vs
      B) a human trained monkeys to do X.

      First, there's another remark which notes the observation of prostitution in bonobos, without the human introduction of economic concepts. Second, there were several behaviors (like the scramble for washers and prostitution) that the researchers did not train for, but emerged as a logical consequence of the introduction of the concept of "money". And third, your objection of "training" might be readily overcome if the monkeys are able to pass the ideas along to other monkey tribe members.

      I'd be curious find out if the monkeys could handle the idea of different types of washers having different values, not necessarily related to size. EG: one big silver washer is worth two small silver washers, one big copper washer is worth two big silver washers, and one small copper washer is worth two big copper washers. (Prompted by an incident at the local comic shop, where the cashier offered to trade a dime to a three year old boy for his shiny penny. The boy turned town her offer — a monkey that needs more training.)

      --
      //Information does not want to be free; it wants to breed.
    5. Re:Yes and no by Bat+Country · · Score: 1

      I believe you're entirely missing the point that humans are trained to behave like humans.

      The use of money is acquired during enculturation during youth - it's not built in.

      So what if they trained a monkey to do it - you train your children to do it too. It's natural for neither, and both are able to do it once taught to.

      If anything, that these capuchin can budget for things they prefer, it's an indication that they're probably better qualified to handle money than the average Joe Suburb who is thousands of dollars in debt because they wanted their $4000 rims and their $3000 television so they're constantly late on rent.

      --
      The land shall stone them with the bread of his son.
  22. Humans are not trained? by Lethyos · · Score: 2, Insightful

    So you are saying you emerged from the womb with complete understanding of language, mathematics, and cause-effect association? When you were a child, did you have a clear rationale explaining why you were being taught how to divide or expand your vocabulary? I think you were sent to school where you received exposure to these and other concepts repeatedly until you began accurately repeating them to your instructors. Eventually you learned how to independently form sophisticated compositions of those simple concepts, possibly through repetition, for the purpose of solving problems. This seems a lot like training to me.

    --
    Why bother.
    1. Re:Humans are not trained? by Anonymous Coward · · Score: 0

      (random person responding)

      "When you were a child, did you have a clear rationale explaining why you were being taught how to divide or expand your vocabulary?"

      I certainly did. Learning is fun! No, honestly, I enjoy learning new words. And I've always enjoyed mathematics because understanding mathematics is fundamental to understanding the world - I'm sure that I understood that from the moment I saw someone demonstrate 1+1=2 with toy blocks. Wanting to understand the world is a very deep-seated desire with me, something I probably was born with. So, I spent a lot of time independently learning mathematics and reading. But then, I'm a nerd, and I became a physicist.

      There's another reason too, now I think about it. I like showing off how smart I am (sadly, by the standards of my current peers I'm an idiot), and a big vocabulary and high exam scores are both great for that. I think that's also quite a primitive thing with everybody, it's all about social dominance.

    2. Re:Humans are not trained? by porcupine8 · · Score: 2, Interesting
      Human pick up language naturally, without being explicitly taught. All humans (without a severe neurological disorder) do this automatically and are fluent to a nearly-adult level by the age of 5, without instruction. Yes, it is common in Western societies to "teach" kids new vocabulary, but there are cultures where this is not done. Also, correcting 2-5 year olds' grammar generally has no effect on their usage - they're just going to make certain mistakes until they get to the right stage, and then they'll stop, regardless of parents' attempts to correct them.

      Apes, on the other hand, do not pick up language unless specifically taught. With explicit training, they can learn a limited vocabulary (100-200 words total, which is how many human 4-year-olds learn every couple weeks), but they can't master grammar with any amount of training. There is no denying that the human process of language acquisition is a process that is different from many other types of learning and that our primate cousins cannot replicate.

      Yes, they have their own methods of communication, and we have as much trouble (if not more, since they're not training us) learning theirs as they do ours. But human language and grammar works differently from any other "animal language" studied.

      --
      Warning: Apple/Nintendo fangirl. Likes her electronics cute & cuddly. May be rabid.
    3. Re:Humans are not trained? by Anonymous Coward · · Score: 0

      Apes, on the other hand, do not pick up language unless specifically taught.
      How many humans pick up second languages without being explicitly taught? Clearly, apes have some form of communication amongst themselves.
    4. Re:Humans are not trained? by porcupine8 · · Score: 1
      How many humans pick up second languages without being explicitly taught?

      Any that are exposed to a second language before puberty (give or take) can pick it up with no explicit instruction.

      Of course apes have some form of communication. Nobody would debate that, just like nobody would debate that dogs, birds, and ants have forms of communication. The question is whether their form of communication is a "language" in the same sense that a human language is defined, and whether or not they can learn a human language.

      --
      Warning: Apple/Nintendo fangirl. Likes her electronics cute & cuddly. May be rabid.
  23. Re:Bonobo prostitution - maybe not by mgblst · · Score: 1

    On the contrary it sounds like the female has herself a sex slave. ;)
     
    How is this contrary, as opposed to the exactly what the poster was saying? Perhaps you should head back to the trees yourself.

  24. Or it was his girlfriend by Moraelin · · Score: 2

    Sounds to me like the poor guy was bringing his girlfriend gifts and/or taking her out to lunch to get any action. If the bonobos were any more evolved, they'd probably have also seen him taking her to a movie ;)

    --
    A polar bear is a cartesian bear after a coordinate transform.
  25. Washers by Gen.+Malaise · · Score: 1

    I could really use some washers right now. I wonder if my wife would accept them?

  26. I'm sorry by Anonymous Coward · · Score: 0

    You lost me when you decided to prattle on for a page about your friggin' cat, you nerd.

  27. Monkeys... by Mockylock · · Score: 5, Funny

    Lucky little bastages. I wish I could toss my wife some washers or food for some service. He needs to do experiments to see if a metal band around a Capuchin's ring finger stops the process of copulation. The males will give the females all of the washers and food, and the females will in turn become celibate or have intercourse with different monkeys.

    --
    "Please, shut up. Just when I think you can't say anything more stupid, you speak again." -Archie Bunker.
    1. Re:Monkeys... by HungWeiLo · · Score: 1

      It's been shown in numerous studies that a band consisting of gold and diamonds causes an allergic reaction of which a typical symptom is excessive bloating.

      --
      There are a huge number of yeast infections in this county. Probably because we're downriver from the bread factory.
    2. Re:Monkeys... by Mockylock · · Score: 1

      Finally, an explanation for this strange occurrence. Now, if I only knew why that ring gets SO heavy.

      --
      "Please, shut up. Just when I think you can't say anything more stupid, you speak again." -Archie Bunker.
  28. Sorry, I don't have mod points by Bill,+Shooter+of+Bul · · Score: 1

    I've been trying to tell people the same thing since the book was released. I don't have any economics degrees, just ones in common sense. although, I think your last line has an extra word in it.

    If you consider yourself a thinker, don't buy it.

    There, thats closer. That should remove the objections other posters have.

    --
    Well.. maybe. Or Maybe not. But Definitely not sort of.
    1. Re:Sorry, I don't have mod points by MeanderingMind · · Score: 1

      You underestimate the tenaciousness of determined /. posters!

      Your statement implicitly asserts that to buy this book is to undermine your position as a "thinker". The more proper statement might be as follows:

      Reading this book is not likely to stimulate the mind of a self-proclaimed thinker in any manner, let alone a pleasing one.

      Or, if that is too long for you.

      The worth of this book to someone who enjoys thinking is probably nil.

      Those statements combine exception handling and a clear indication the book is not mentally stimulating without potentially insulting "thinkers" who have already read the book.

      --
      Thunderclone: ONE MAN ENTERS! TWO MEN LEAVE! ONE MAN ENTERS! TWO MEN LEAVE!
    2. Re:Sorry, I don't have mod points by emilng · · Score: 1


      Clearly he considers himself a thinker, but he didn't clearly think it through.

    3. Re:Sorry, I don't have mod points by Anonymous Coward · · Score: 0

      You can only sit on a toilet for so long before your butt goes numb.

  29. Sensationalism to sell books? by walterbyrd · · Score: 1

    Could this guy be deliberately setting up "experiments" to get weird results? My guess is that bizare stuff will sell more books, but is it more credible than the more traditional, boring, studies?

    The titles of these books sound more catchy than the typical titles of most scientific studies, I'll say that.

    What do other real economists think of these studies?

    1. Re:Sensationalism to sell books? by gstoddart · · Score: 1

      Could this guy be deliberately setting up "experiments" to get weird results? My guess is that bizare stuff will sell more books, but is it more credible than the more traditional, boring, studies?

      No, I believe he is purposefully setting up weird experiments to see if he can get surprising results that might be something you can apply to traditional, boring conclusions and gain some insight.

      He makes no bones about the fact that he's stepping outside of the box, and then trying to compare that to more mainstream economics. Hence, studies involving monkeys, and correlating that to day traders -- and accidentally discovering monkey prostitution (which has been observed elsewhere).

      I don't think he's being sneaky about the fact that he's doing it deliberately -- not is he claiming it's "more credible" than traditional techniques. He's trying to study it in a very different way to see if he can get insights into the way it works for people.

      Now, whether or not he accomplishes that with any real meaningfulness is question to be determined. But, I don't think he's concealing the fact that this really is intended for a 'popular' audience instead of an academic one.

      Cheers
      --
      Lost at C:>. Found at C.
    2. Re:Sensationalism to sell books? by Anonymous Coward · · Score: 0

      If you're talking about the capuchin experiment being one created by the author to sell more books, you're misinformed. That experiment was one conducted by Keith Chen, as an experiment in the economic principle of incentives. Levitt and Dubner likely picked up on this study because it had unusual results, but was not conducted by them specifically for this book or to sell more books.

      I read the first Freakonomics and found it interesting, but it was more of a thing that could get the average person at least interested in economics. (Not saying economists aren't average or anything, but most people don't choose to be economists.)

  30. Perhaps they should do a study of... by propagandize · · Score: 1

    ...how many times you can repurpose content and not lower its value. The monkey money thing was from their column in the New York Times Magazine (and most of the first book was just expanded from the original article in said magazine).

  31. pseudo-opposable? by Anonymous Coward · · Score: 0

    But they're pseudo-opposable...

  32. Proposed solution by rinkjustice · · Score: 1, Offtopic

    It's a simple two step process.

    1) I would discuss the issue. there needs to be an open dialogue with a free exchange of ideas. However this cannot be done without performing step two.

    2) Reform the media in the United States. Inform the general public. Give the airwaves back to the public. There are a handful of transnational media conglomerates that control the news and entertainment in the United States. Discussing unfair wealth distribution is a complex issue, which will not increase their profit base, therefore it is not discussed in the media at large. Instead, temporal issues of little significance are crammed down peoples throats to keep people pacified and preoccupied (Super Bowl, White House scandals, bad TV) so they forget what the real issues are. And so they continue to consume consume consume.

    Without mention and discussion of these important issues, Americans will continue to be played and controlled and kept stupid.

    1. Re:Proposed solution by PTBarnum · · Score: 1

      Those transnational conglomerates didn't make their fortunes by sitting in a room and saying "let's keep people pacified and preoccupied", they did it by sitting in a room and saying "let's figure out what news and entertainment people will take time to read or watch, thus attracting a valuable demographic and increasing our advertising rates". The way to be a profitable news outlet is to be a popular news outlet.

      There are segments of the population that are very interested in economic issues, and as a result, there are media (including some owned by big transnational corporations) that report on these issues. For example, the Economist had a feature section on people who are hurt by free trade. This is a very pro-free-trade magazine, but they are willing to acknowledge the downsides.

      The mass media also cover this kind of thing. I've seen articles in the business section of my local newspaper that mention the kind of wealth stats you bring up. They make great sound bites, which is what the mass media love.

  33. Monkey business news, only 2 years old by Nevyn · · Score: 3, Informative

    One of the items that will be covered is capuchin monkeys' use of washers as money, buying sweets, budgeting for favored treats over lesser treats. He mentioned that one of the experiments had similar outcomes as a study of day traders. And lastly, he watched capuchin prostitution!

    The NY Times article on that study, from 2005, can be found here.

    --
    ustr: Managed string API with ave. 44% overhead over strdup(), for 0-20B
    1. Re:Monkey business news, only 2 years old by mshurpik · · Score: 1

      Thanks. And it's suspicious. With regards to the prostitution incident, the article freely admits that they didn't even try to reproduce it. And their excuse was, "it wouldn't reflect well on anyone involved if the money turned the lab into a brothel."

      Oh really, reproducible claims wouldn't reflect well on anyone. I'll keep that in mind.

  34. Obviously that researcher isn't married by JustNilt · · Score: 2, Funny

    My first thought when I read that description was this:

    1. Monkey finds money laying around.
    2. Monkey brings the money home and shows it to his wife.
    3. Wife is impressed and, after a little heavy petting, puts out.
    4. Guy's happy, wife goes shopping.

    Sounds to me as though the researcher's proved monkeys essentially get married. Nothing new there as far as I know.

    --
    You know the thing about UDP jokes? I don't care if you get it or not.
  35. The Man by Anonymous Coward · · Score: 0

    I agree with parent. There is NO place where we can discuss this issue! The big corporation own everything and we have no place to speak! If only we had some distributed medium that made the cost to publish so low that anyone could express any opinion to a large group of people with little fear of censorship. It would look something like a world wide web of communication.

    *sigh*

    But The Man would never allow such a thing to exist. Oh cruel world!

    1. Re:The Man by rinkjustice · · Score: 1

      You equate your webpage with Rupert Murdock's? Does your voice and opinion have the same reach? Hmmm... let me thinNO!

    2. Re:The Man by rinkjustice · · Score: 1

      Rupert Murdock's website being MySpace, IGN, GameSpy, Rotten Tomatoes and Askmen.com, Strategic Data Corp, Movielink, Fox, Viacom, Sony, MGM & Disney, Indya.com, Sports.com, Scout.com, Sibeliusmusic.com, Jumptheshark.com, News.com.au, CareerOne.com.au, CarsGuide.com.au, in2mobi.com.au, TrueLocal.com.au, Realestate.com.au, Casa.it, Sky Italia,Propertyfinder.com, PropertyLook, HomeSite.com.au, DVD Unlimited etc.

      Pick only one though. No cheating.

  36. Wetware features by TapeCutter · · Score: 1

    "...the point that it's useless to compare a human to an animal that has been _trained_ to do something..."

    I agree with your point but lets not forget that humans are also "trained", the only part that is "instinctive learned" is language, writing, maths, farming, building, ect, are all taught. Our unmatched ability to manipulate symbols means thousands of generations of "trainning" can be condensed into a text book, or a comprehensive model of the known universe in a handfull of equations and a periodic table. Despite our seemingly "vast superiority" the basic behavioural featue is "the ability to manipulate symbols". I think there are many social and behavioural similarities between apes and humans, apes have enough language capability for basic conversation, they can convey simple happy/sad/angry expressions of emotion and can compose simple sentences. Not surprisingly expressions of emotion and satifaction of physical needs take up most of the conversation and the apes learn far slower than a human child.

    Since the apes are capable of composing their own sentences using the correct context and not just giving a "parrot" type response or request, I think it is very useful to comapre what they are communicating to (say) what a child's response might be. I also think it's tad unfair that some scientists entirely dismiss the work of people like Jane Goodall based on the claim that her data is corrupt because she "inadvertently trained" the chimps with food and artificial situations.

    Many people (including scientists) insist all animal behaviour is instinctive. Yes humans have far "superior" cognative skills when compared to any other animal, but we are still animals. Why is it taken as the default position that all animals are some sort of organic automotron except for humans? - Is this not a religious throwback to the idea that humans are endowed with a "soul"? - Is it not far more likely that emotion, cognition and language "emerge" from increasingly sophisticated brain and social structures, and that many of these "wetware features" could reasonably be expected to be similar in closely related species such as humans and the great apes?

    As for monkeys prostituting themselves, if penguins do it, why not primates?

    --
    And did you exchange a walk on part in the war for a lead role in a cage? - Pink Floyd.
  37. Obviously you aren't married! by Anonymous Coward · · Score: 0

    Slight errors:

    3. Wife takes money.
    4. Wife goes shopping.

  38. Cool! A Minnie Driver/Anne Hathaway love scene. by Impy+the+Impiuos+Imp · · Score: 1

    > And lastly, he watched capuchin prostitution!

    How many washers did they charge him to watch? And did he "get his money's worth"?

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    (-1: Post disagrees with my already-settled worldview) is not a valid mod option.
  39. no by Anonymous Coward · · Score: 0

    this isnt redundant, its the mods not reading when it was posted.

  40. Capuchin Whores by The+Angry+Mick · · Score: 1

    And lastly, he watched capuchin prostitution!

    Big deal. Five minutes of C-SPAN will show you the same thing . . .

    --

    I'm not tense. I'm just terribly, terribly, alert.

  41. More like pimps by tacokill · · Score: 1

    Uhh, just to be clear, day-traders buy and sell stocks, options, and financial instruments.

    They are not selling themselves, rather, they are buying/selling a "product". No, they aren't prostitutes. More like pimps with a penchant for promotion.

  42. Lies, damned lies, and economics by bagsc · · Score: 1

    These quotes tend to be based on the most outrageous assumptions possible. For example, you could make the (terrible) assumption that only financial capital matters. So, if you have a PhD and just got a job for $150,000 a year, then bought a $200,000 house for 10% down, you now have a debt of $180,000 - so your wealth is negative, and you are one of the poorest Americans. Or if you're a retiree whose pension plan provides you $20,000 per year forever, at 4% interest rate your wealth must be $500,000, so you're at the top.

    So it really depends on which items you're counting and how you're counting - these are easy examples of very stupid mistakes real economists and accountants rarely make, but the point is to show you that this is easy to manipulate.

    Last I heard, the richest 1% had about 32% of the national wealth - which is obviously still large. But income inequality is more important - the top 10% make about 45% of the US's income. If you've ever worked in a team, you know this is basically how it works - for any given period, about 1 out of 8 does about half the work. If you think this is a bad thing, consider "Communist" China - their income inequality, as measured by Gini index, is a bit worse than the American inequality.

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    http://www.accountkiller.com/removal-requested
  43. Re:Cool! A Minnie Driver/Anne Hathaway love scene. by Vexor · · Score: 1

    And did he "get his money's worth"? More like "get his monkeys worth"
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    ~Vexed and loving it!
  44. training cats (this is sooo off-topic) by zahl2 · · Score: 1

    Posting Anon to not get flooded with requests. My training services are availabe online and I will not train any kitten older than 7 weeks. YOU HAVE TO start early and for 2-3 months. and no I will not give out my secrets, I make big bucks at this.
    Your post left me thinking of a mysterious billionaire cat-trainer decked out in gold, furs, and diamonds.
    Yeah... If this guy is rich training *kittens*, he must have it easy. Now if he would tell me how to get my adult cat to stop attempting to groom me when hair dangles her way, or wake me up by licking my hair (both of which tangle it endlessly), THEN I'd be impressed. I have a poofball cat!