ReviewFrontiers in psychology2017
A Review of Consequences of Poverty on Economic Decision-Making: A Hypothesized Model of a Cognitive Mechanism.
Review in Frontiers in psychology, 2017. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 16 papers.
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Who cites it
16 citing papers in PubMed.
- Revisiting evidence for an attentional tunneling effect caused by scarcity.Nature communications · 2026Article
- The effect of short-term mindfulness intervention on risk decision-making of final-year undergraduate students.Frontiers in psychiatry · 2026Article
- Effects of Perceived Scarcity on Mental Health, Time and Risk Preferences, and Decision-Making During and After COVID-19 Lockdown: Quasi-Natural Experimental Study.JMIR public health and surveillance · 2025Article
- Comparing descriptive and theoretical models of decision-making under uncertainty and their relation to socioeconomic factors.PloS one · 2025Article
- Predicting population-level vulnerability among pregnant women using routinely collected data and the added relevance of self-reported data.European journal of public health · 2024Article
- Tunneling, cognitive load and time orientation and their relations with dietary behavior of people experiencing financial scarcity - an AI-assisted scoping review elaborating on scarcity theory.The international journal of behavioral nutrition and physical activity · 2024Article
- Scarcity Enhances Outcome Evaluation in the Present: Electroencephalography Evidence.Brain sciences · 2022Article
- The globalizability of temporal discounting.Nature human behaviour · 2022Article
- Risky decision-making strategies mediate the relationship between amygdala activity and real-world financial savings among individuals from lower income households: A pilot study.Behavioural brain research · 2022Article
- Executive poverty experience and innovation performance: A study of moderating effects and influencing mechanism.Frontiers in psychology · 2022Article
- Effects of cocaine and HIV on decision-making abilities.Journal of neurovirology · 2021Article
- Pandemics and marketing: insights, impacts, and research opportunities.Journal of the Academy of Marketing Science · 2021Review
- Is Japan's child allowance effective for the well-being of children? A statistical evaluation using data from K-CHILD study.BMC public health · 2020Article
- Consequences of Poverty on Economic Decision-Making: Assessing the Verisimilitude of the Cognitive Mechanism.Frontiers in psychology · 2020Article
- Parent-Adolescent Socialization of Social Class in Low-Income White Families: Theory, Research, and Future Directions.Journal of research on adolescence : the official journal of the Society for Research on Adolescence · 2018Review
- Retail-based healthy food point-of-decision prompts (PDPs) increase healthy food choices in a rural, low-income, minority community.PloS one · 2018Article
Corrections and comments
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Authors and funding
2 authors.
Funding
No grant is acknowledged in the PubMed record.
Abstract
This review focuses on the issue of poverty affecting economic decision-making. By critically evaluating existing studies, the authors propose a structural model detailing the cognitive mechanism involved in how poverty negatively impacts economic decision-making, and explores evidence supporting the basis for the formation of this model. The suggested mechanism consists of a relationship between poverty and four other factors: (1) cognitive load (e.g., experiencing negative affect and stress); (2) executive functions (e.g., attention, working memory, and self-control); (3) intuition/deliberation in decision-making; and (4) economic decision-making (e.g., time-discounting and risk preference), with a final addition of financial literacy as a covariate. This paper focuses on shortfalls in published research, and delves further into the proposed model.
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Registered trials
Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.