Saturday, October 29, 2016

Primate Decision making

I found the movie on primate decision making by Laurie Santos very interesting. I liked when she did the demonstration with the monkeys and the pretend money/reward. It showed that we are very similar to monkeys since the monkeys made the same decisions regarding the money as we would have. I'm a finance major and it made me realize that psychology has a lot to do with finance as well as similarities with many other fields. Statistics show that humans make decisions on money due to their emotional attachment to money. They are afraid of losing money and are usually very risk averse when it comes to money. If i'm able to detect how people will react in certain financial situations or decisions, then i'll be able to plan out how to work my business. I think finance and psychology are both very interesting fields and that they tie in closer to each other than you would think.

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