"But the impact on cognitive skills is especially noteworthy for how it should influence our understanding of poverty. Poor people—like all people—make some bad choices. There is some evidence that poor people make more of these bad choices than the average person. This evidence can easily lead to the blithe conclusion that bad choices, rather than economic conditions, are the cause of poverty. The new research shows that this is—at least to some extent—exactly backward. It’s poverty itself (perhaps mediated by the unusually severe forms of decision fatigue than can affect the poor) that undermines judgment and leads to poor decision-making."
Posted on: Wed, 04 Sep 2013 14:12:16 +0000
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