A Trader Journal

This is an interesting presentation (20 min) on understanding root of human irrationality and biases. Basically through a clever series of experiments, the researchers teach monkeys the concept of money and using that to get food. Then they create a market place and choices for monkeys similar to what humans face when making financial decisions. These experiments in "monkeynomics" shows that some of the biases like loss aversion and silly choices we make, monkeys make too.