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We’re used to seeing political pundits on our television screens predicting future events – who will win an election, whether a war or social unrest might break out, whether an international treaty will be signed. How accurate are these forecasts? Well, this is something Philip Tetlock has studied, and it turns out, not very. And oddly, the more famous the pundit, he says, the worse their predictive record.
(Image: Crystal ball, Credit: Shutterstock)
What can monkeys tell us about the stock market? Apes and monkeys are our closest animal relatives. We share a common evolutionary history. Through studying them, Laurie Santos believes we can learn a bit about ourselves and our attitude to money. Laurie Santos has taught monkeys to use money (or tokens). And it turns out that in experiments, monkeys make some ‘financial’ decisions which are remarkably similar to those made by humans. This may explain why we humans keep facing financial crises!
(Image: Rodin/Thinking Gorilla, Credit: Shutterstock)
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