The report conducted over four years said the animals had learned "clear behavioural associations between value-based token possession and quantity or quality of food rewards."
Mobile phones, wallets and prescription glasses were all among the top items on the monkeys' hit list.
The animals were shown to have started "preferentially" targeting items of "higher value", decisions based on how much food could extort as ransom from foolish tourist.
This has led to great excitement from the scientific community and great annoyance from visitors, who don't find the behavior quite so charming.
It is only within the last few decades and with exposure to tourists at the temple. Dr Jean-Baptiste Leca of the University of Lethbridge says the macaques have developed a cultural intelligence and a bartering economy:
"These behaviours are socially learned and have been maintained across generations of monkeys for at least 30 years in this population," Leca told the Guardian.