Scarcity

In this book, Sendhil Mullainathan and Eldar Shafir reveal that scarcity, whether of time, money, or social connections, creates a similar psychology for everyone struggling to manage with less than they need.

The authors discuss how scarcity leads to tunnel vision, reduces cognitive bandwidth, and affects decision-making.

They provide examples such as why busy people mismanage their time, why dieters struggle with temptation, and why poverty persists.

The book also offers insights into how individuals and organizations can better manage scarcity for greater satisfaction and success.