Kelsey Jack

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Economic Development Seminar

Poor and rational: Decision-making under scarcity

Apr 1, 2021, 4:00-5:30 pm EDT
A growing literature associates poverty with anomalies in decision-making. Researchers 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.