Why do poor people make poor decisions? Are they poor because they are stupid, or are the stupid because they are poor? Apparently, there is research to suggest that latter. Recently, the BBC’s Analysis program interviewed Princeton psychologist Eldar Shafir about the economics and psychology of scarcity and poverty.
Here is a description of the episode from the BBC’s website:
Jo Fidgen interviews Eldar Shafir, professor of psychology and public affairs at Princeton University, and co-author of Scarcity: Why Having Too Little Means So Much in front of an audience at the Blavatnik School of Government at Oxford University. Jo will explore the book’s key idea: that not having enough money or time, shapes all of our reactions, and ultimately our lives and society.