"Poverty is not only a defi cit in material resources but also a context in which decisions are made. It can impose a cognitive burden on individuals that makes it especially diffi cult for them to think deliberatively (Mullainathan and Shafi r 2013)."

This made me think about the stress levels that people in poverty have. This is a good article: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6662605/

"Although these principles are based on recent groundbreaking research from across the social sciences, it is worth emphasizing that the new research, in some ways, brings the discipline of economics full circle to where it began, with Adam Smith in the late 18th century, and to perspectives that were prominent in the early and middle parts of the 20th century (box O.1).

A question I have after reading this is how hard is it for people in poverty to change their thinking philosophy? As a person looking from the outside its easy to point out the things that they are doing wrong, but we also need to understand the why behind their decisions.

"Third, individuals in a given society share a common perspective on making sense of the world around them and understanding themselves: we call this “thinking with mental models.”

this connects to the main inquiry question about how poverty affects their economic decisions. People in poverty are usually surrounded by others in the same situation, so most people in that society generally have very similar thinking methods.