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Monkeys and Economics Explained by Burn Tan-Hoyumpa is a document available to read on EtoBox.

What is Monkeys and Economics Explained about?

The document discusses key concepts in economics including currency, price theory, and loss aversion. It references experiments conducted with monkeys and tokens that were exchanged for goods, establishing early concepts of currency. Price theory is discussed as the balance between utility and cost that determines market prices. Loss aversion is defined as a tendency for people to prefer avoiding losses rather than acquiring wealth.

Author

Burn Tan-Hoyumpa

Language

EN