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.

Stoeckel, Luke E. ‘One Dad’s COVID-19 Diary 1 Year Later’. PsyArXiv, 14 March 2021. https://doi.org/10.31234/osf.io/hcv46.

Quality-adjusted life year. (2021). In Wikipedia. https://en.wikipedia.org/w/index.php?title=Quality-adjusted_life_year&oldid=1009094786