Abstract
What causes poverty? Some attribute poverty to poor person’s characteristic while other attributes poverty to the situation around the poor person. Reviewing previous researches, it seems that poor people are negatively influenced their cognitive capacity and decision-making style by poverty. Consequently, those deterioration worsen poverty even more. Regarding existing psychological researches, I hypothesized that poverty itself reduces poor people’s cognitive capacity, especially working memory. In the case that poor people are primed with hypothetical financial scenarios which supposedly make them stressful by preoccupying with expense in daily lives, their cognitive capacities are likely to be deteriorated even more significantly. To test my hypothesis, I designed the experimental model to test the effects of hypothetical financial on decision making. The results showed that poverty influenced participants decision making, but hypothetical scenarios did not differentiate. More researches will be necessary to investigate the relationship between poverty, hypothetical expense and decision making.
Advisor
Wilhelms, Evan
Department
Psychology
Recommended Citation
Deguchi, Naonari, "The Effect of Hypothetical Expense and Socioeconomic Status on Decision Making Task" (2019). Senior Independent Study Theses. Paper 8532.
https://openworks.wooster.edu/independentstudy/8532
Disciplines
Social Psychology
Keywords
Decision making, socialeconomic status
Publication Date
2019
Degree Granted
Bachelor of Arts
Document Type
Senior Independent Study Thesis
© Copyright 2019 Naonari Deguchi