Do you believe Santos’ argument that the observed behavior in her monkey economy is evidence that the irrational financial behavior of human beings is inherently genetic?

Monkey economy | Business & Finance homework help

No, I do not believe that Santos’ argument provides evidence that irrational financial behavior of human beings is inherently genetic. While it is certainly possible that genes could play a role in influencing this type of behavior, there are many other factors that could be contributing to the observed outcomes in her monkey economy. For example, social norms and values have been shown to strongly influence people’s economic decision making, as well as their understanding of risk and reward. Additionally, psychological factors such as cognitive biases or even emotional responses can also lead people to make financially irrational decisions.

Furthermore, context matters immensely when it comes to economics: the same behaviors may produce different results depending on the specific circumstances or setting in which they occur. As such, we cannot assume that what works for monkeys will necessarily work for humans; our societies are much more complex than those observed by Santos in her experiments.

In conclusion, while genetics may indeed contribute to irrational financial behavior among humans, it is likely only one piece of a much larger puzzle – and further research needs to be done before any conclusions can be drawn from Santos’ experiment with monkeys.