Scarcity: Why Having Too Little Means So Much [Kindle Edition]
Author: Sendhil Mullainathan - ISBN: B00BMKOO6S - Language: English - Format: PDF, EPUB
DESCRIPTION
A surprising and intriguing examination of how scarcity—and our flawed responses to it—shapes 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.
Scarcity Why Having Too Little Means So Much Sendhil Scarcity Why Having Too Little Means So Much Sendhil Mullainathan Eldar Shafir on Amazon com FREE shipping on qualifying offers A surprising and intriguing Amazon com Scarcity Why Having Too Little Means So Much Start reading Scarcity Why Having Too Little Means So Much on your Kindle in under a minute Don t have a Kindle Get your Kindle here Scarcity Sendhil Mullainathan and Eldar Shafir Macmillan Eldar Shafir discusses Scarcity Why Having Too Little Means So Much on The Brian lehrer Show Share This Scarcity Why Having Too Little Means So Much by Sendhil Scarcity Why Having Too Little Means So Much by Sendhil Mullainathan and Eldar Shafir reviewThe psychology of scarcity Days late dollars short The Aug 31 2013 Scarcity Why Having Too Little Means So Much By Sendhil Mullainathan and Eldar Shafir Times Books 288 pages 28 Allen Lane 20 Buy
DETAILS
- File Size: 552 KB
- Print Length: 302 pages
- Page Numbers Source ISBN: 0805092641
- Publisher: Times Books (September 3, 2013)
- Sold by: Macmillan
- Language: English
- ASIN: B00BMKOO6S
- Text-to-Speech: Enabled
- Lending: Not Enabled
- Amazon Best Sellers Rank: #22,920 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
- #11 in Kindle Store > Kindle eBooks > Health, Fitness & Dieting > Psychology & Counseling > Applied Psychology
- #24 in Kindle Store > Kindle eBooks > Health, Fitness & Dieting > Psychology & Counseling > Social Psychology & Interactions
- #26 in Books > Medical Books > Psychology > Applied Psychology
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I once heard Sendhil Mullainathan speak at an event in DC, and he was smart and engaging. He's a MacArthur Foundation genius, a Harvard economist, and a TED speaker. He has a wry sense of humor and tells anecdotes from his personal life to make his economics work come alive. And all of that is in this book, written with his long-time collaborator, Eldar Shafir, who's a Princeton psychologist.
Still this book was a bit of a disappointment, possibly because I expected so much. A lot of the conclusions are, well, obvious. The book's entire thesis can be summarized as: "People make bad decisions when they are resource-constrained, whether the resources in question are money, time, food, or something else." Some of it recaps what has been said before about hyperbolic discounting in economics.
The book's chapters go like this...
Intro - definition of "scarcity" and overview of its consequences
Chap. 1 - The good: scarcity can cause focus. The bad: focus can mean inattention to other things.
Chap. 2 - Scarcity causes an internal disruption that makes it harder to make good decisions.
Chap. 3 - Slack (the opposite of scarcity) allows better choices and reduces the bad consequences of failiure.
Chap. 4 - Poor people are sometimes more realistic about estimating costs, because they have to be.
Chap. 5 - Borrowing when you're short of cash leads to a descending spiral of debt.
Chap. 6 & 7 - Poverty is a vicious circle of scarcity leading to bad decisions leading to scarcity...
Chap. 8 - Poverty can be alleviated by creating slack, such as extra cash or day care to create more time.
Chap. 9 - Efficient use of resources and division of labor helps organizations become more efficient.
Chap.
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