Big Brother is Nudging You It seems to be common knowledge that men, when using the bathroom sometimes have a problem with “zeroing in” on the target. In a frequently used toilet, say in an airport, missing the mark can easily change the toilets environment in a very unpleasant way. By attaching a fly … Continue reading Big Brother is Nudging You
Carr Stuart et al. (2003) pointed out that: "As the poor lose their values, they no longer believe in themselves or in the world. They go through a process of even more accented divestment of power and citizenship, which could be characterized as Nihilism". The lack of hope and aspirations are a typical characteristic of … Continue reading Aspiration Failure and Poverty
“We believe that poverty does not belong in a civilized human society. It belongs in museums.” This sentence was said by Mohammad Yunus during his speech at the first Microcredit Summit in 1997. He is the founder of the Grameen Bank, the first microfinance institution and started introducing microloans to rural women in Bangladesh in … Continue reading Can microfinance end poverty?
Trust may be one of the biggest mysteries in the history of mankind. Can you rely on your comrade while hunting an animal 10.000 B.C? Is your friend willing to pay back your five bucks in 2016? The degree of trust is crucial to every relationship between human beings and therefore could be one of … Continue reading
South Asia is home to almost a third of all humanity and is the most populated region in the world. Subsequently it also contains the highest number of poor anywhere in the world as defined by the poverty line. But over the last decade, except for Afghanistan, all major economies in the region have started … Continue reading Suicidal Growth
Peer Effects on Households Consumption The basic idea of peer income’s influence on households’ consumption was first constructed by Duesenberry (1949) in his book about relative income hypothesis. According to this theory, households with below average income do not have the incentives to keep more savings. Instead, they tend to spend a larger proportion of … Continue reading The Role of Peer Effects on Households Consumption and Finance
Poverty as it is known has been defined as the state of living in perpetual scarcity and is classified into Absolute and Relative poverty. Relative poverty is a poverty standard which varies across different countries, the threshold on which it is measured differs from one society or country to the next. Regardless of the societal … Continue reading Does Relative Poverty lead to sub-optimal career decisions?