Princeton Psychology Professor, Eldar Shafir: Why Having Too Little Makes People Perform Worse and Become More Impatient, Impulsive, and Careless (#24)

3 Takeaways

Learn how scarcity of anything — money, food or social connections — affects our daily lives and leads us astray. Scarcity reduces both intelligence and control. Having too little preoccupies and taxes the mind, making life much harder. "Even smiling and being pleasant is hard when your mind is taxed. The employee snaps at rude customers ... The parent snaps at the child ... The server rings up the wrong item.” Learn about the latest cutting edge behavioral science to find out how the poor can escape the scarcity trap and how we can all manage scarcity for better satisfaction and success.