Does Poverty Make You Behave Differently?
Research suggests the experience of poverty can shape decision-making.
Does Poverty Make You Behave Differently?Most of us have some reticence about chatting up the person next to us on the bus, or sharing something meaningful about ourselves with someone we don't know very well. But according to Chicago Booth's Nicholas Epley, that kind of social interaction tends to be less awkward and more enjoyable—both for the person initiating the exchange and the person on the other side of it—than most people expect it will be. And overcoming the barriers to social interaction could make you a significantly happier, and healthier, person.
Research suggests the experience of poverty can shape decision-making.
Does Poverty Make You Behave Differently?People often neglect to consider the diminishing nature of marginal utility in everyday financial decisions unless prompted to do so—and it makes a big difference.
Would You Take a Later Flight for Cash?Four lessons in supply and demand to help combat global pandemics
How to Vaccinate the World (Next Time)Your Privacy
We want to demonstrate our commitment to your privacy. Please review Chicago Booth's privacy notice, which provides information explaining how and why we collect particular information when you visit our website.