Why do poor people make bad decisions?

In their new book,┬áScarcity: Why Having Too Little Means So Much, economist Sendhil Mullainathan and psychologist Eldar Shafir team up to tackle the question of how scarcity impacts decision-making behavior. Scarcity of money can actually cause poor decisions, as can scarcity of time, calories, or friends. The remarkable finding of the book is just how […]