1 Matching Annotations
- Aug 2023
-
drive.google.com drive.google.com
-
highlights the dire financial circumstances of the poorest individuals, who resort to high-interest loans as a survival strategy. This phenomenon reflects the interplay between human decision-making and development policy. The decision to take such loans, driven by immediate needs, illustrates how cognitive biases and limited options impact choices. From a policy perspective, addressing this issue requires understanding these behavioral nuances and crafting interventions that provide sustainable alternatives, fostering financial inclusion and breaking the cycle of high-interest debt.
Tags
Annotators
URL
-