Poverty and Decision-Making: Impact and Mechanism

DOI

10.2991/assehr.k.220131.005How to use a DOI?

Keywords

Poverty; Decision making; attention; self control; cognitive control

Abstract

Poverty not only means limited material resources, but also has a significant impact on human being’s psychological aspects. According to previous studies, poverty had a negative impact on people’s decisions. However, it has been neglected that more complex impact can happen when the poor are making decisions. The mechanism also remains vague and obscure. Therefore, in order to make clear of the influence of poverty on decision making as well as the mechanism, this review is carried out to propose suggestions. It is found that poverty was responsible for driving people to be impatient, short-sighted and easier to ignore useful information based on depleting their psychological resources (e.g., attention, self control and cognitive control), i.e., they tend to make unreasonable decisions. However, in some cases, these decisions could help them to meet their urgent needs. In order to eradicate poverty, one needs to improve poor people’s cognitive ability and make use of focus dividend by providing proper education and training. These results shed light on the psychological ways to get rid of poverty.

Copyright

© 2022 The Authors. Published by Atlantis Press SARL.

Open Access

This is an open access article under the CC BY-NC license.

Download article (PDF)

TY  - CONF
AU  - Yiran Wang
PY  - 2022
DA  - 2022/02/01
TI  - Poverty and Decision-Making: Impact and Mechanism
BT  - Proceedings of the 2021 International Conference on Education, Language and Art (ICELA 2021)
PB  - Atlantis Press
SP  - 26
EP  - 31
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.220131.005
DO  - 10.2991/assehr.k.220131.005
ID  - Wang2022
ER  -