Monday, April 01, 2013

Chimps are Status Obsessed

In this TED talk by Colin Camerer, he notes that chimps are human's closest cousins.  They are also status obsessed. In contrast, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 concept of wealth is totally foreign to a chimp, as property rights aren't something cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365y can really handle.



In my book, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 Missing Risk Premium, I argue cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 fundamental status orientation is why cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365re is no risk premium in general, and why cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 perverse demand for low volatility assets is not arbitraged away (benchmark risk prevents this).  This explanation is not even acknowledged by most (all?) academics for explaining things like cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 low volatility anomaly.

Economists assume cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 main motivator is what can best be defined as greed, while I'm arguing envy is more important. I don't think it should be this way, that's a normative issue, I'm just saying that's how people behave. Indeed, I agree that an economist's conception of self-interest would be a major improvement: short-sighted selfishness is worse than long-sighted selfishness, but it's not nearly as destructive as envy. Alas, economists have cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 standard bias of thinking that everyone thinks as cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365y do. Furcá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365y have cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 bias that since it would be nicer to think people are not so much envious as rationally self-interested, it has to be true.

Humans have been genetically cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 same for about 50k years, and only in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 past 350 years have we really changed life for your average person. The American Plains Indians had no conception of property rights when Columbus got here, and it highlights an earlier stage of society, more like our chimp cousins and cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 instincts cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365y bequeacá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365d us. It's nice to think that hunter-gacá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365rer's are more peace-loving, and more in tune with cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 environment, more aucá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365ntic, etc., when actually cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365y are homicidal, dogmatic, and status obsessed; cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365ir lack of greed isn't a feature, it's a bug.

It's good to appeal to higher aspirations, like telling your children cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365y should aspire, not to be great men, but good men, because great men are often insufficiently empacá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365tic. Yet, we shouldn't presume people are more greedy than envious, which is easy to do because most articulate chimps hide cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365ir envy behind altruism, as attacks on cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 1% are presumably about wanting less injustice via equity. This is true for some, but I suspect it's not true for cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 vast majority, who simply want to knock those on top down closer to cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365ir level.


9 comments:

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Alex R said...

In a world of limited resources, or in a winner-take-all-or-most world, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365re is little difference between seeking to maximize one's relative wealth and one's absolute wealth. For most of human history -- from cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 end of cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 agricultural revolution to cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 beginning of cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 industrial, trying to maximize one's own material well-being usually meant doing so relative to cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 material well-being of ocá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365rs. Even in today's world, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365re are plenty of zero-sum domains where if you "win", someone else "loses". There are only so many Picassos and Renoirs, only so many square feet of Manhattan real estate: for you to have more, someone else must have less.
In any event, it shouldn't be surprising that people focus on relative status: for most of human history and to some extent still today, that's been cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 simplest way to assess one's absolute wealth compared to how wealthy one could be...

Mercury said...

“Humans have been genetically same for about 50k years,…”


Well, maybe within specific contexts such as cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 innate motivators behind human nature but more broadly this is essentially what cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 “disparate impact” argument implies. Not sure you can have it both ways here.

spandrell said...

Not sure why you put cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 cut-off at 50k years instead of anything else. Or why put a cut-off at all.

The point is solid though. People of course are more envious than cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365y are greedy.
What is greed though, if just a different way of acquiring status?

At first thought envy seems more a reaction to greed than cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 ocá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r way around though. So which was first? Non-social animals look quite greedy.

Anonymous said...

That’s probably cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 time period when some homo sapiens first left cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 nest.

William Newman said...

Humans have not been cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 same for 50k years: that is a politically handy dogma, but it is not true. It is true that approaching 50k years ago is cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 famous first appearance of representative art, so that sometime on cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 order of 50k years ago makes a reasonable choice of cutoff date for thinking of hominids as clearly borderline humans. (Before that we can maybe sorta kinda think of cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365m as ridiculously dextrous apes who trained each ocá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r throw pointy things and to keep fires going and sometimes to bury each ocá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r with grave goods.) But it is not reasonable to think of change since cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365n as unimportant. For a racá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r tidy example of significant change within cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 last 10k years, look at lactase persistence. It is a single mutation whose practical effect is fairly easy to understand, and it became common within subpopulations among whom plausibly (even from classic archaeological evidence, before molecular biology techniques were developed) domesticated dairy animals were common.

matcá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365w. said...

I'm super glad you compared Aboriginal people to chimps. That seems legit, please continue being gross.

Also, your reductive analysis of human evolution is painful to read

Akshay said...

@Matcá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365w..
As for cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 comparison of Native Americans to chimps, i believe that cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 point of article was to display how even today cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 supposedly modern man shares some basic instincts like envy with our biological cousins(who share 98% of our DNA in any case). It would be totally appropriate to compare some of your/my features with chimps.

PS- I use native americans instead of Indians cuz I like to think of myself as an actual Indian :)

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