Posts related to “scarcity”

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Behavioral Design Lessons for Improving Consumer Financial Health

Mar 30, 2015

Imagine you’ve been stuck in a meeting that ran into the lunch hour and you’re hungry—really hungry. You’ll focus on your hunger, craving whatever is closest and finding it tough to stick to long-term nutritional goals like maintaining low cholesterol. A very hungry version of you will also be more easily deterred by any short-term … Read more.

Raj Chetty on Behavioral Economics and Public Policy

Jan 8, 2015 by ideas42

The American Economic Association (AEA) wrapped up its annual three-day meeting last weekend with the 2013 John Bates Clark Medal recipient Raj Chetty addressing a packed ballroom in Boston’s Sheraton Hotel. Known for his keen eye for the importance of details often ignored by other researchers, Chetty used the spotlight to make the case for … Read more.

Fighting Intergenerational Poverty

Sep 17, 2014

It’s easy to agree that poverty is a problem, but explaining its causes and prescribing solutions is a far more difficult and complex task. What if children born into poverty could become as likely to succeed as their wealthier peers? What if intergenerational poverty were not an unavoidable and enduring evil, but entirely tractable? These … Read more.

Promoting Financial Inclusion for More Americans: The Financial Innovation Lab Presented by American Express

Sep 5, 2014

Approximately 70 million American adults are considered unbanked or underbanked, and are forced to manage their money through costly alternative financial services that operate outside of the traditional banking system. These services, such as check-cashers and payday loans, impose large fees that often accumulate over time, which can trap consumers in cyclical and deepening debt. An alarming … Read more.

Parenting and Poverty: A Behavioral View

Jul 1, 2012

In his conversation with Glenn Loury, Sendhil Mullainathan touched on the stresses of parenting. But how does poverty affect all this? Is there reason to believe that a harried single mother who is also poor will have an even harder time doing the things needed for her child to do well than a harried single … Read more.