Proceedings of the 2021 International Conference on Education, Language and Art (ICELA 2021)

Poverty and Decision-Making: Impact and Mechanism

Authors
Yiran Wang1, *
1Faculty of Psychology, Southwest University, Chongqing, China
*Corresponding author. Email: 1wyr9416@email.swu.edu.cn
Corresponding Author
Yiran Wang
Available Online 1 February 2022.
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.

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Volume Title
Proceedings of the 2021 International Conference on Education, Language and Art (ICELA 2021)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
1 February 2022
ISBN
978-94-6239-527-5
ISSN
2352-5398
DOI
10.2991/assehr.k.220131.005How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press SARL.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

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  -