Scarcity: Why Having Too Little Means So Much

Scarcity: Why Having Too Little Means So Much

by Sendhil Mullainathan, Eldar Shafir
4.5 4

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Scarcity: Why Having Too Little Means So Much 4.5 out of 5 based on 0 ratings. 4 reviews.
PFGray More than 1 year ago
One of the best books I've read this year. Very interesting insights, based on experimental and real-world evidence, using the concept of "cognitive bandwidth," to explore how we make poor decisions under the stress of scarcity. The main, universal forms of scarcity the authors explore are of time, money, and social contact, but the ideas could apply elsewhere. Excellent writing - they circle back to some of their prime examples, but with new insights in hand, and it never felt repetitive. One minor weakness was when they got into what they imply is a mirror-image problem of abundance. With weak theoretical or empirical support, this part felt shaky and speculative, but it's a brief addendum that doesn't hurt the whole book. The authors show how scarcity affects their own lives, including in the writing of this book, and their sense of humor is a nice asset.
smg5775 More than 1 year ago
This book breaks down scarcity and lean times in easy to understand language. It reminds me of FREAKANOMICS. I did not have to know anything about economics. A layperson can understand what the authors are saying. There is humor in it. I laughed but I also was able to see how I do the same things the poor (or the busy) do in regards to good times versus lean times (extra time versus deadlines). I hope that I will make the necessary changes to save during prosperous times (or free time) for the lean times. It opened my eyes to what I am doing wrong and proposes what I can do for the future. I received this book from the publisher in exchange for a fair and honest review.
Anonymous More than 1 year ago
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