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Economist Sendhil Mullainathan on how scarcity — of money, time, or social connection — narrows focus and degrades decision-making. Poverty isn't just about money; it's a cognitive tax.
This summary was generated from show notes and public descriptions, not from a full transcript review. Details may contain inaccuracies.
Canon
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Mullainathan: poverty traps aren't caused by bad decisions — they're caused by scarcity degrading the cognitive resources needed for good decisions. The environment of scarcity itself produces poor choices.
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