The Gray Area with Sean Illing

The cognitive cost of poverty (with Sendhil Mullainathan)

Jun 24, 2019
In this riveting discussion, Sendhil Mullainathan, a MacArthur Fellow and economist at the Chicago Booth School of Business, sheds light on how poverty distorts cognitive function. He explains that financial stress hampers decision-making, showcasing how scarcity captures our mental resources. Mullainathan advocates for recognizing the cognitive toll poverty takes, critiquing common misconceptions about personal responsibility. He also shares insights on applying this understanding to develop more equitable social policies and support systems.
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INSIGHT

In-Person vs. Remote Communication

  • In-person conversations are more productive and enjoyable than remote ones due to richer information exchange.
  • Nonverbal cues, micro-expressions, and shared context enhance understanding and create opportunities for deeper discussion.
INSIGHT

Road Trip Conversations

  • Road trips foster open conversations because shared scenery allows indirect communication.
  • Looking at a shared scene, rather than directly at each other, makes it easier to discuss sensitive topics.
ADVICE

Rules vs. Discretion

  • Rules simplify decision-making and reduce cognitive load compared to constant discretion.
  • Establish rigid routines for activities like gym visits or intermittent fasting to avoid decision fatigue.
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