Chen, Lakshminarayanan, and Santos (2006) claim to show in three choice experiments that monkeys react rationally to price and wealth shocks, but, when faced with gambles, display hallmark, human-like biases that include loss aversion. We present three experiments with monkeys and humans consistent with a reinterpretation of their data that…

Pigeons were trained in three experiments with a two-key, concurrent-chains choice procedure. The initial links were equal variable-interval schedules, and the terminal links were random-time schedules with equal average interreinforcement intervals. Across the three experiments, the pigeons either stayed in a terminal link until a reinforcer was…

An observing procedure was used to investigate the effects of alterations in response-conditioned-reinforcer relations on observing. Pigeons responded to produce schedule-correlated stimuli paired with the availability of food or extinction. The contingency between observing responses and conditioned reinforcement was altered in three experiments.…