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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!"

18 of 182 comments (clear)

  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 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.

    3. 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?

  2. 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?

  3. 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.

  4. 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 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...

  5. 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.

  6. 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 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.

  7. 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.
  8. Re:Monkey prostitutes by montyzooooma · · Score: 5, Funny

    Careful - the monkeys may sue for defamation of character.

  9. 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.
  10. 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!

  11. 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.
  12. 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