Princeton Psychology Professor, Eldar Shafir: Why Having Too Little Makes People Perform Worse and Become More Impatient, Impulsive, and Careless (#24)
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How Does Scarcity Make You Dumber?
Sociologists have found that scarcity interferes with a person's ability to think clearly. Scarcity impinges on your capacity, reduces your performance and makes things just a lot tougher. Can you talk about what happens when we become preoccupied by scarcity? can it make us dumber? Dumber? Of course, is is a derogatory term. And it would not literally become less intelligent, but we act less intelligent.
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