3min chapter

FOMO Sapiens with Patrick J. McGinnis cover image

S9 Ep11. Mindy Weinstein on the Power of Scarcity

FOMO Sapiens with Patrick J. McGinnis

CHAPTER

Do You Think Scarcity Makes Decisions Easier?

I was flying back from Europe to the US on lot Polish Airways and they did this thing where you could upgrade. I put a really low bid in and then they said, if you bid this other amount, you'll be in the first place. And I felt that I felt just a lot of like, you know, sort of regret, which is a terrible thing. But when you give into FOMO and then the thing that you bought, you realize your motivation was competitive or you had been played,. You start to feel regret about your purchase decision, then you don't enjoy it, which really stinks.

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