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Scarcity

Scarcity

Why Having Too Little Means So Much
Sendhil Mullainathan · 2013 · 448 pages
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About the book

A revealing study of how scarcity of time, money, and resources affects our behavior and decision-making. Mullainathan and Shafir demonstrate that when we face limitations, our minds function differently, often leading us to make errors in judgment that worsen our situation.

With practical examples and rigorous scientific research, the book explains why poor people make choices that keep them poor, why busy people postpone important tasks, and how scarcity creates a mental "tunnel" that prevents us from thinking long-term. Essential reading for understanding the psychology behind seemingly irrational decisions.

Book details
AuthorSendhil Mullainathan
Year of publication2013
Pages448

Recommended by 2 people

Daniel Kahneman
Daniel KahnemanPsychologist and economist · 2002 Nobel Prize in Economics
Recommended
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