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monkey-nomics! [Jun. 8th, 2005|11:28 am]
Just me.
via a post from jtemperance elsewhere:

Bank robbery, prostitution, gambling, - BUT WITH MONKEYS!!

http://www.nytimes.com/2005/06/05/magazine/05FREAK.html?pagewanted=all

"Something else happened during that chaotic scene, something that convinced Chen of the monkeys' true grasp of money. Perhaps the most distinguishing characteristic of money, after all, is its fungibility, the fact that it can be used to buy not just food but anything. During the chaos in the monkey cage, Chen saw something out of the corner of his eye that he would later try to play down but in his heart of hearts he knew to be true. What he witnessed was probably the first observed exchange of money for sex in the history of monkeykind. (Further proof that the monkeys truly understood money: the monkey who was paid for sex immediately traded the token in for a grape.) "

another older monkey-nomics link:

http://news.nationalgeographic.com/news/2003/09/0917_030917_monkeyfairness.html

"Partners of capuchins who made the swap either received the same reward (a cucumber slice), or a better reward (a grape, a more desirable food), for the same amount of work or, in some cases, for performing no work at all. Brosnan said the response to the unequal treatment was astonishing: Capuchins who witnessed unfair treatment and failed to benefit from it often refused to conduct future exchanges with human researchers, would not eat the cucumbers they received for their labors, and in some cases, hurled food rewards at human researchers. "

If I had school to do all over again, I'd want a PhD in Monkeynomics.
linkReply

Comments:
[User Picture]From: rwx
2005-06-08 06:46 pm (UTC)
monkeys are now officially better at managing money than some humans i know. surreal.

--Corprew
(Reply) (Thread)
[User Picture]From: jtemperance
2005-06-08 07:11 pm (UTC)
Combine the two studies together, and you get the potential for Angry Monkey Pimps.
(Reply) (Thread)
[User Picture]From: holyoutlaw
2005-06-08 07:39 pm (UTC)
There's also an article in the April 2005 Scientific American -- not a spoof, despite the publication date.

It also had a short section on cleaner wrasse economics. But "cleanerwrassonimics" isn't nearly as fun to say as "monkeynomics."

Bonobos exchange sex for food, but they're chimpanzees, not monkeys.
(Reply) (Thread)
[User Picture]From: lara7
2005-06-08 08:49 pm (UTC)

chimp barter:

>>Bonobos exchange sex for food, but they're chimpanzees, not monkeys.

and that's straight up barter, anyway, not "money".

I now have a craving for grapes and cucumbers. and a pet monkey...
(Reply) (Parent) (Thread)