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Chicago Booth Review Podcast

Does poverty make you behave differently?

Sep 13, 2023
40:15

How does the experience of poverty shape decision-making? Research suggests that, rather than bad decisions leading to poverty, being poor can lead to some poorer decisions. At the same time, research also indicates that the stark financial choices faced by poor people can actually make them better at assessing the trade-offs involved in some decisions. 

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