Money in the Mental Lives of the Poor
Bibliographic Data
| ID | 23348486 |
|---|---|
| Authors | Anuj K Shah (University of Chicago), Anuj Shah (0000-0001-5073-9362, University of Chicago), Jiaying Zhao (0000-0002-6009-0568, University of British Columbia), Sendhil Mullainathan (0000-0001-8508-4052, Harvard University), Eldar Shafir (0000-0001-8811-4296, Princeton University) |
| Year | 2018 |
| Volume | 36 |
| Issue | 1 |
| Pages | 4-19 |
| Publication date | 2018-02-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Social Cognition (JOURNAL) |
| Journal identifiers | ISSN: 0278-016X • E-ISSN: 1943-2798 |
| Publisher | Guilford Publications (PUBLISHER • US) |
| DOI | 10.1521/soco.2018.36.1.4 |
| OpenAlex | W2786260916 |
| Language | EN |
| Citations received | 56 |
| References cited | 37 |
Recent research has studied how resource scarcity draws attention and creates cognitive load. As a result, scarcity improves some dimensions of cognitive function, while worsening others. Still, there remains a fundamental question: how does scarcity influence the content of cognition? In this article, we find that poor individuals (i.e., those facing monetary scarcity) see many everyday experiences through a different lens. Specifically, thoughts about cost and money are triggered by mundane circumstances, they are difficult to suppress, they change mental associations, and they interfere with other experiences. We suggest that the poor see an economic dimension to many everyday experiences that to others may not appear economic at all.
Cognition · Dimension (graph theory) · Economics · Everyday life · Function (biology) · Microeconomics · Political science · Psychiatry · Resource scarcity · Scarcity · Decision-Making and Behavioral Economics · Psychological Well-being and Life Satisfaction · Psychology · Social Psychology
Childhood Wealth Inequality in the United States
Obesity, Poverty and Public Policy
The Negative Influence of Individual Socio-Economic Problems on Political Knowledge
Do Financial Concerns Make Workers Less Productive
Discussing money with the one you love
Uncovering potential interviewer-related biases in self-efficacy assessment
Poverty and limited attention
Connecting families
Motives Towards Consumer‐to‐Consumer Online Marketplaces
Cognitively Accessible Words Associated with God as Effective Lexical Primes
How to be happy from east to west
Cognitive load and economic decision making of smallholder farmers in China
The effects of scarcity mindset on envy
Effect of scarcity experience on unethical behavior
“Am I Really Living or Just Getting by?” Financial Security and Health-Related Decisions among International Students in Australia
Navigating the academic road with an empty tank? The impact of financial and time scarcity mindsets on students’ sense of agency
Financial scarcity and financial avoidance
Managers Can Support Employees in Working-Class Contexts by Promoting Growth Mindsets
Measuring rationality
Poverty and economic decision making
The duality of poverty
Blinded by worries
The role of visual attention in opportunity cost neglect and consideration
Scarcity affects cognitive biases
Financial scarcity is indirectly related to multiple aspects of executive function through stress and the strength of association depends on childhood poverty
The Sharp Spikes of Poverty
Excluded despite their support - The perspectives of energy-poor households on their participation in the German energy transition narrative
Food expenditure of the poorest deciles
Poverty and perseverance
Disparities in the impacts of co-management on fishers’ livelihoods
Overlooked and Undersupported
How Money Scarcity Influences Individuals’ Cognitive Control
Scarcity mindset in reproductive health decision making
Time poverty and intertemporal choice
From poverty trap to commodity trap
Why do some disadvantaged Australian families become homeless? Resources, disadvantage, housing and welfare
Liwc Indicators of Cross-Country Income Inequality at the United Nations General Debate (1987-2020)
Money is not everything, but without money, everything is nothing!” The detrimental impact of financial scarcity mindset on service innovation behavior among hospitality employees
Poverty identity and preference for challenge
Financial scarcity increases discounting of gains and losses
An exercise in self-replication
The prospective associations between financial scarcity and financial avoidance
Construal level among poor children
Integrating the sociocultural and economic effects of social class on prosocial behavior
Resource scarcity compromises explore-exploit decision-making
The effect of financial stress on inhibitory control and economic decisions
The Social Origins of Effort
A little bit of empathy and compassion would go a long way
Evaluating the Unequal Economy
Rationality and Risk
Are We All Predictably Irrational? An Experimental Analysis
Scarcity and the Mindsets of Social Welfare Recipients
Expectations of trustworthiness in cross-status interactions
Social Class Shapes Donation Allocation Preferences
Thinking about finances, financial anxiety, and student loan repayment behaviors
Higher economic inequality intensifies the financial hardship of people living in poverty by fraying the community buffer
Creating false memories
Can Higher Prices Stimulate Product Use? Evidence from a Field Experiment in Zambia
A spreading activation theory of memory
The Illusion of Sustainability
The Environment of Poverty
Free Distribution or Cost-Sharing? Evidence from a Randomized Malaria Prevention Experiment
Some Consequences of Having Too Little
Lexical access during sentence comprehension
Scarcity Frames Value
On the prediction of occurrence of particular verbal intrusions in immediate recall.
Thought Suppression
Poverty Impedes Cognitive Function
Dehumanizing the Lowest of the Low
Poverty and Public Celebrations in Rural India
Who Do They Think We Are, Anyway?”
Theories of Poverty and Anti-Poverty Programs in Community Development
All I saw was the cake. Hunger effects on attentional capture by visual food cues
Paradoxical effects of thought suppression
The Bias map
Cognitive adaptations to stressful environments
The Environment of Childhood Poverty
On the psychology of drinking
Salience and relativity in classification
Opportunity Cost Consideration
Opportunity Cost Neglect
| Unique citing works | 56 |
|---|---|
| Citations per year | 8 |
| Citation span | 2019 - 2026 (8) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 55 |