In the blockbuster tradition of Freakonomics, a Harvard economist and a Princeton psychology professor team up to offer a surprising and empowering new way to look at everyday life, presenting a paradigm-challenging 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 are examples of a mindset 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.
©2013 Ellen Hopkins (P)2013 Simon & Schuster
Love it. While lots of people complain about the weak economy, high employment rate, and too many people drawing welfare, they don't put themselves into a situation where scarcity, tunneling are hurting those poor people. This book provided a unique perspective on tackling social problem, public administration, business issues. Strongly recommended to friends and family. Much betyer than reading celebrity's biography.
This book is very informative and holds useful information for everyone, literally. From the rich to the poor, highly educated to the uneducated, the information in this tool should be in every home, degree program, social service provider and boardroom.
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I loved Robert Petkoff's narration, but more than that the content of this book gave me a new model to apply to many things. I've been exploring it in my blog, in my journal, and in my life, and I found their humility engaging as they explored this "new" idea of scarcity. Highly recommended.
This book made me think about my life and about the people around me in a different way. As a clinical psychologist, it made me think differently about my clients and address their problems according to the scarcity psychology. highly recommended
This was an enlightening book. My only complaint is that the authors suggested the most interesting question at the very end of the book. I hope they are researching a second book now.
The combination of scholarship with anecdote makes for a work which is entertaining as well as informative.The construct of scarcity is an emergent from the collaboration of two smart minds in the developing field of behavioral economics. It matters. This is one I will likely share with my students and my family
It's a terribly important book, up there with Daniel Kahneman's Think Fast and Slow, and A.O. Hirschman's classic Shifting Involvements. It explains so much of what we do and punctuates so many prejudices against the poor and the stressed out who make stupid mistakes.
the contents could've been delivered in half the chapters. the subject is important and interesting, but the book has too much repeated content. we get it! scarcity reduces mental bandwidth to a high degree, do we need a million chapters to repeat that?
As with their other works, these guys never stop questioning assumptions. They bring a data derived fresh look at look at getting things done. Whether it's a personal struggle or national/international policies their insight is always value added.
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