Poor but rational?

Abstract

Modern development economics emerged with the realization that poverty changes the set of options available to individuals. Poverty thus affects behavior, even if the decision maker is “neo-classical”: unboundedly rational, forward-looking, and internally consistent. The “homo economicus” at the core of neo-classical economics (“calculating, unemotional… (More)

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Cite this paper

@inproceedings{Duflo2004PoorBR, title={Poor but rational?}, author={Esther Duflo}, year={2004} }