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

doi:10.1901/jeab.2008-89-145

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 journal › Article › peer-review

33 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 language	English
Pages (from-to)	145-155
Number of pages	11
Journal	Journal of the experimental analysis of behavior
Volume	89
Issue number	2
DOIs	https://doi.org/10.1901/jeab.2008-89-145
Publication status	Published - 2008
Externally published	Yes

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

Access to Document

10.1901/jeab.2008-89-145

Cite this

@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

SN - 0022-5002

VL - 89

SP - 145

EP - 155

JO - Journal of the Experimental Analysis of Behavior

JF - Journal of the Experimental Analysis of Behavior

IS - 2

ER -

On loss aversion in capuchin monkeys

Abstract

Keywords

ASJC Scopus subject areas

Access to Document

Other files and links

Fingerprint

Cite this