On loss aversion in capuchin monkeys

Alan Silberberg, Peter G. Roma, Mary E. Huntsberry, Frederick R. Warren-Boulton, Takayuki Sakagami, Angela M. Ruggiero, Stephen J. Suomi

Research output: Contribution to journalArticle

26 Citations (Scopus)

Abstract

Chen, Lakshminarayanan, and Santos (2006) claim to show in three choice experiments that monkeys react rationally to price and wealth shocks, but, when faced with gambles, display hallmark, human-like biases that include loss aversion. We present three experiments with monkeys and humans consistent with a reinterpretation of their data that attributes their results not to loss aversion, but to differences between choice alternatives in delay of reinforcement.

Original languageEnglish
Pages (from-to)145-155
Number of pages11
JournalJournal of the Experimental Analysis of Behavior
Volume89
Issue number2
DOIs
Publication statusPublished - 2008

Fingerprint

Cebus
Haplorhini
Shock

Keywords

  • Choice
  • Delay of reinforcement
  • Humans
  • Loss aversion
  • Monkeys
  • Prospect theory
  • Reversed contingency
  • Token exchange

ASJC Scopus subject areas

  • Experimental and Cognitive Psychology
  • Behavioral Neuroscience
  • Psychology(all)
  • Neuropsychology and Physiological Psychology

Cite this

Silberberg, A., Roma, P. G., Huntsberry, M. E., Warren-Boulton, F. R., Sakagami, T., Ruggiero, A. M., & Suomi, S. J. (2008). On loss aversion in capuchin monkeys. Journal of the Experimental Analysis of Behavior, 89(2), 145-155. https://doi.org/10.1901/jeab.2008-89-145

On loss aversion in capuchin monkeys. / Silberberg, Alan; Roma, Peter G.; Huntsberry, Mary E.; Warren-Boulton, Frederick R.; Sakagami, Takayuki; Ruggiero, Angela M.; Suomi, Stephen J.

In: Journal of the Experimental Analysis of Behavior, Vol. 89, No. 2, 2008, p. 145-155.

Research output: Contribution to journalArticle

Silberberg, A, Roma, PG, Huntsberry, ME, Warren-Boulton, FR, Sakagami, T, Ruggiero, AM & Suomi, SJ 2008, 'On loss aversion in capuchin monkeys', Journal of the Experimental Analysis of Behavior, vol. 89, no. 2, pp. 145-155. https://doi.org/10.1901/jeab.2008-89-145
Silberberg A, Roma PG, Huntsberry ME, Warren-Boulton FR, Sakagami T, Ruggiero AM et al. On loss aversion in capuchin monkeys. Journal of the Experimental Analysis of Behavior. 2008;89(2):145-155. https://doi.org/10.1901/jeab.2008-89-145
Silberberg, Alan ; Roma, Peter G. ; Huntsberry, Mary E. ; Warren-Boulton, Frederick R. ; Sakagami, Takayuki ; Ruggiero, Angela M. ; Suomi, Stephen J. / On loss aversion in capuchin monkeys. In: Journal of the Experimental Analysis of Behavior. 2008 ; Vol. 89, No. 2. pp. 145-155.
@article{18808c9bf2684922b3a761c39eb25b84,
title = "On loss aversion in capuchin monkeys",
abstract = "Chen, Lakshminarayanan, and Santos (2006) claim to show in three choice experiments that monkeys react rationally to price and wealth shocks, but, when faced with gambles, display hallmark, human-like biases that include loss aversion. We present three experiments with monkeys and humans consistent with a reinterpretation of their data that attributes their results not to loss aversion, but to differences between choice alternatives in delay of reinforcement.",
keywords = "Choice, Delay of reinforcement, Humans, Loss aversion, Monkeys, Prospect theory, Reversed contingency, Token exchange",
author = "Alan Silberberg and Roma, {Peter G.} and Huntsberry, {Mary E.} and Warren-Boulton, {Frederick R.} and Takayuki Sakagami and Ruggiero, {Angela M.} and Suomi, {Stephen J.}",
year = "2008",
doi = "10.1901/jeab.2008-89-145",
language = "English",
volume = "89",
pages = "145--155",
journal = "Journal of the Experimental Analysis of Behavior",
issn = "0022-5002",
publisher = "Society for the Experimental Analysis of Behavior Inc.",
number = "2",

}

TY - JOUR

T1 - On loss aversion in capuchin monkeys

AU - Silberberg, Alan

AU - Roma, Peter G.

AU - Huntsberry, Mary E.

AU - Warren-Boulton, Frederick R.

AU - Sakagami, Takayuki

AU - Ruggiero, Angela M.

AU - Suomi, Stephen J.

PY - 2008

Y1 - 2008

N2 - Chen, Lakshminarayanan, and Santos (2006) claim to show in three choice experiments that monkeys react rationally to price and wealth shocks, but, when faced with gambles, display hallmark, human-like biases that include loss aversion. We present three experiments with monkeys and humans consistent with a reinterpretation of their data that attributes their results not to loss aversion, but to differences between choice alternatives in delay of reinforcement.

AB - Chen, Lakshminarayanan, and Santos (2006) claim to show in three choice experiments that monkeys react rationally to price and wealth shocks, but, when faced with gambles, display hallmark, human-like biases that include loss aversion. We present three experiments with monkeys and humans consistent with a reinterpretation of their data that attributes their results not to loss aversion, but to differences between choice alternatives in delay of reinforcement.

KW - Choice

KW - Delay of reinforcement

KW - Humans

KW - Loss aversion

KW - Monkeys

KW - Prospect theory

KW - Reversed contingency

KW - Token exchange

UR - http://www.scopus.com/inward/record.url?scp=45549097708&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=45549097708&partnerID=8YFLogxK

U2 - 10.1901/jeab.2008-89-145

DO - 10.1901/jeab.2008-89-145

M3 - Article

C2 - 18422015

AN - SCOPUS:45549097708

VL - 89

SP - 145

EP - 155

JO - Journal of the Experimental Analysis of Behavior

JF - Journal of the Experimental Analysis of Behavior

SN - 0022-5002

IS - 2

ER -