Psychology of poverty and temptation – Chris Blattman

Psychology of poverty and temptation – Chris Blattman: "Some people are not only impulsive and impatient, but inconsistently so. they care a lot about a dollar today versus tomorrow, but could care less between getting a dollar either 10 or 11 days from now. Economists call this ‘hyperbolic discounting’.Both behaviors–impatience and time inconsistency–could be a source of persistent poverty.Or