Home Feed
Home
Search
Search
Add Review, Blurb, Quote
Add
Activity
Activity
Profile
Profile
Scarcity
Scarcity: Why Having Too Little Means So Much | Sendhil Mullainathan, Eldar Shafir
3 posts | 8 read | 15 to read
A surprising and intriguing examination of how scarcityand our flawed responses to itshapes our lives, our society, and our culture Why do successful people get things done at the last minute? Why does poverty persist? Why do organizations get stuck firefighting? Why do the lonely find it hard to make friends? These questions seem unconnected, yet Sendhil Mullainathan and Eldar Shafir show that they are all examples of a mind-set produced by scarcity. Drawing on cutting-edge research from behavioral science and economics, Mullainathan and Shafir show that scarcity creates a similar psychology for everyone struggling to manage with less than they need. Busy people fail to manage their time efficiently for the same reasons the poor and those maxed out on credit cards fail to manage their money. The dynamics of scarcity reveal why dieters find it hard to resist temptation, why students and busy executives mismanage their time, and why sugarcane farmers are smarter after harvest than before. Once we start thinking in terms of scarcity and the strategies it imposes, the problems of modern life come into sharper focus. Mullainathan and Shafir discuss how scarcity affects our daily lives, recounting anecdotes of their own foibles and making surprising connections that bring this research alive. Their book provides a new way of understanding why the poor stay poor and the busy stay busy, and it reveals not only how scarcity leads us astray but also how individuals and organizations can better manage scarcity for greater satisfaction and success.
Amazon Indiebound Barnes and Noble WorldCat Goodreads LibraryThing
Pick icon
100%
review
Megabooks
post image
Pickpick

Dad & I will enjoy this later, but this gave me insight into life now. Here are concrete examples of this book.

Now I have a scarcity of physical endurance due to my disability. I am tunneling about taking care of my family. All other concerns fall outside this tunnel. My bandwidth is taxed because I have physical pain that limits me. I‘m trying to create slack to relax and read. If I have an abundance of energy, I can use it to help mom. ⬇️

Megabooks ⬆️ The authors wrote about how scarcity can cause people to use resources more efficiently. Scarcity when you still have flexibility, whether it be time or money, can be good. But when everything is scarce, such as in poverty, the tunnel vision into the immediate moment can cause decision making that is harmful in the long run. They gave examples of ways that you can help move important things into tunnel and create slack where it is needed. 4⭐️ 4y
youneverarrived This sounds interesting! 4y
Megabooks @youneverarrived it was really interesting!! 4y
86 likes2 stack adds3 comments
review
tome.fries
Scarcity: Why Having Too Little Means So Much | Sendhil Mullainathan, Eldar Shafir
post image
Pickpick

My first read of 2020. I was recommended to read this book by someone who works with those struggling to get out of poverty. It is a truly fascinating book about how scarcity affects the way we think and act.

blurb
Vivlio_Gnosi
post image

Adding this #Nonfiction #economics book to my #TBR stack. #firstpost