If you watch poker coverage on television, you probably won’t hear the commentators compare players to pigeons. Maybe they should. The birds don’t play a great game of hold ’em, but the way they think about risk might be strikingly similar to the way we do.
Researchers discovered this by putting humans and birds through a basic study of risky behavior. “In earlier work, we had tried to recreate some classic behavioral economics results with pigeons, but had failed to do so,” says Elliot Lud