Tag: Portfolios of the poor

This note takes an alternative view from the conventional wisdom of expected utility and optimum deductible in insurance. It highlights explanations for insurance purchase and use decisions through behavioural economics.

This report summarises the intent, activities, outputs and key lessons from an ambitious program of field work which sought to capture vividly and succinctly the essence of how ordinary people think about the management of their money and resources.

This research report discusses how behavior is governed by perceptions and aspirations around financial goals, income patterns, and financial instruments. The paper ends with “ten governing rules” that the mass market segment considers intuitively when managing money.

In the recently conducted research on money management metaphor, we have modified some existing market research (including design research and ethnographic) tools to decipher the intuitive and spontaneous responses from the field.

The note discusses a few important points that financial service providers should focus on while designing and rolling out a savings product for clients.

In this video William Easterly Professor of Economics at New York University explains how the book ‘Portfolios of the Poor’ has given a more realistic human view at the life of poor people and how it changes the perspective on the “consumption smoothing” concept.