Scarcity: Why Having Too Little Means So Much
📚 Why We Recommend ItImagine your mind as a high-performance computer—capable of handling complex tasks with precision. Now picture that computer running 100 programs simultaneously, its processing power drained by relentless demands. This is the hidden reality of scarcity: it hijacks your cognitive bandwidth, leaving you trapped in a cycle of shortsighted decisions and missed opportunities.
In Scarcity, Harvard economist Sendhil Mullainathan and Princeton psychologist Eldar Shafir decode this universal human condition through groundbreaking behavioral science. Drawing on decades of research, they reveal why the poor struggle to escape poverty, why busy professionals procrastinate, and why even the disciplined fall prey to impulsive choices. The culprit? A psychological state they call "tunneling"—a hyperfocus on immediate needs that blinds us to long-term consequences.
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