The Evolution of Irrationality

Laurie Santos – Yale University

In this talk, Professor Santos will explore the evolutionary roots of some of your more irrational decisions. We will start by reviewing some classic biases in the field of judgment and decision-making. She will then turn to the question of how these biases came about in the first place by exploring some recent experiments in "monkeynomics" that demonstrate how monkeys make some of the same financial choices we do.


The lecture will also explore ways that the human species is uniquely irrational. The lecture will end with a discussion of cases in which monkeys make smarter choices than people do. You'll leave the lecture with a new understanding of your decision-making biases, both in terms of where they come from and how they can be overcome.