funfact.wiki
AboutGuidelinesTermsPrivacyContact

Content is available under CC BY-SA 4.0.

Economics | funfact.wiki | funfact.wiki

Economics

In 2005, Yale researchers taught capuchin monkeys to use metal tokens as currency. The monkeys developed gambling and loss aversion spontaneously. Some males exchanged tokens with females for food.
  • Capuchin monkey
  • Monkey
  • Economics
  • Psychology
  • Currency
  • Evolution
  • Animal
0
Economist Kenneth Arrow mathematically proved in his doctoral thesis that no voting system with three or more candidates can satisfy all basic fairness conditions for democracy at once. This "impossibility theorem" earned him the Nobel Prize in Economics.
  • Voting
  • Mathematics
  • Economics
  • Democracy
  • Nobel Prize in Economics
0

Add New Card

0/300
Economics