The psychology of scarcity: A very different look at poverty

The fifth and last plenary session of the LACEA 16th Annual Meeting was dedicated to “The Psychology of Scarcity: A Very Different Look at Poverty”. Sendhill Mullainathan, Harvard University, delivered a thought provoking a new view on the cognitive capabilities of the poor. He argued that they might seem to be cognitive constrained not because they are poor, but because since they face scarcity their mind is more focused on their immediate problems and they do not excel at other tasks; their mind being fully loaded.

Sendhil Mullainathan - Plenary V

Sendhil Mullainathan, Harvard University

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