Type: Seminar

Poor and rational: Decision-making under scarcity

Economic Development Seminar (EDS)

Speaker

Dr. Kelsey Jack (UC Santa Barbara)

Date & Time

Apr 1, 2021, 4:00-5:30 pm EDT

Location

This is a Virtual Event.

Abstract: A growing literature associates poverty with anomalies in decision-making. We investigate this link in a sample of over 3,000 small-scale farmers in Zambia, who were given the opportunity to exchange randomly assigned household items for alternative items of similar value. Analyzing a total of 5,842 trading decisions over a range of items, including cash, we show that exchange asymmetries are sizable and remarkably robust across items and experimental procedures.

View details on the Ford School site