Scarcity Why Having Too Little Means So Much [E–pub/E–book]


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  1. says: Read & download Í eBook, ePUB or Kindle PDF ✓ Sendhil Mullainathan Scarcity Why Having Too Little Means So Much [E–pub/E–book]

    Read Scarcity Why Having Too Little Means So Much Scarcity Why Having Too Little Means So Much [E–pub/E–book] Are the poor to blame for their poverty? For their flawed choices?Are the overweight struggling with a diet? What about those who comp

  2. says: Scarcity Why Having Too Little Means So Much [E–pub/E–book]

    Scarcity Why Having Too Little Means So Much [E–pub/E–book] Sendhil Mullainathan ✓ 8 Summary Read & download Í eBook, ePUB or Kindle PDF ✓ Sendhil Mullainathan I once heard Sendhil Mullainathan speak at an event in DC and he was smart and engaging He's a MacArthur Foundation genius a

  3. says: Scarcity Why Having Too Little Means So Much [E–pub/E–book] Sendhil Mullainathan ✓ 8 Summary Read & download Í eBook, ePUB or Kindle PDF ✓ Sendhil Mullainathan

    Scarcity Why Having Too Little Means So Much [E–pub/E–book] The mathematics of ueuing theory demonstrates that as resource utilization approaches 100% ueue length and delay increase toward infinity Systems that are not resilient to congestion reach a point of overload where they experience a decrease

  4. says: Read & download Í eBook, ePUB or Kindle PDF ✓ Sendhil Mullainathan Sendhil Mullainathan ✓ 8 Summary Scarcity Why Having Too Little Means So Much [E–pub/E–book]

    Scarcity Why Having Too Little Means So Much [E–pub/E–book] While I find the topic very interesting and the science and research put into understanding the scarcity factor intriguing I think the book was overly long repetitive and uite frankly circular Many of the points

  5. says: Scarcity Why Having Too Little Means So Much [E–pub/E–book]

    Read & download Í eBook, ePUB or Kindle PDF ✓ Sendhil Mullainathan Scarcity Why Having Too Little Means So Much [E–pub/E–book] Sendhil Mullainathan ✓ 8 Summary There is no scarcity of books about the brain and psychology and emotion In fact the shelves are groaning with them But here's a psychological take on what you might regard as a problem of economics and that makes it genuinely fascinating So it's a shame that it doesn't work better as a book but this is one of those titles that you will wa

  6. says: Scarcity Why Having Too Little Means So Much [E–pub/E–book]

    Scarcity Why Having Too Little Means So Much [E–pub/E–book] This extremely important book takes a close and counter intuitive look at how the brain behaves when confronted with the lack of something That something is often money but it can also be time or will power or human connection In a nutshell it explains how the brain's default method of creating immediate solutions to urgent problems can very often create a much larger problem down the roadThe reason for this is that urgent problems cause

  7. says: Sendhil Mullainathan ✓ 8 Summary Read & download Í eBook, ePUB or Kindle PDF ✓ Sendhil Mullainathan Scarcity Why Having Too Little Means So Much [E–pub/E–book]

    Scarcity Why Having Too Little Means So Much [E–pub/E–book] Some people say poor people have poor ways the implication being that they are poor because of their poor ways These authors maintain that the reverse is true that people have poor ways because they are poor They say it can be explained by the psychology of scarcityWhat will suprise many readers is that rich or non poor persons manifest the same behavior attributed to poor people when subjected to situations of scarcit

  8. says: Scarcity Why Having Too Little Means So Much [E–pub/E–book]

    Scarcity Why Having Too Little Means So Much [E–pub/E–book] The premise of

  9. says: Scarcity Why Having Too Little Means So Much [E–pub/E–book] Sendhil Mullainathan ✓ 8 Summary Read & download Í eBook, ePUB or Kindle PDF ✓ Sendhil Mullainathan

    Scarcity Why Having Too Little Means So Much [E–pub/E–book] Scarcity is one of those books that explains some aspect of the world in a way you hadn't though of before in an accessible

  10. says: Scarcity Why Having Too Little Means So Much [E–pub/E–book] Read Scarcity Why Having Too Little Means So Much

    Sendhil Mullainathan ✓ 8 Summary Scarcity Why Having Too Little Means So Much [E–pub/E–book] Proposes that scarcity undermines rationality in consistent but unrecognized ways across human life The schedule the diet

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Read Scarcity Why Having Too Little Means So Much

Read Scarcity Why Having Too Little Means So Much Sendhil Mullainathan ✓ 8 Summary Read & download Í eBook, ePUB or Kindle PDF ✓ Sendhil Mullainathan Earch from behavioral science and economics Mullainathan and Shafir show that scarcity creates a similar psychology for everyone struggling to manage with less than they need Busy people fail to manage their time efficiently for the same reasons the poor and those maxed out on credit cards fail to manage their money The dynamics of scarcity reveal why dieters find it hard to resist temptation why students and busy executives mismanage their time and why sugarcane farmers are smarter after harvest than before Once we start thinking in terms of. There is no scarcity of books about the brain and psychology and emotion In fact the shelves are groaning with them But here s a psychological take on what you might regard as a problem of economics and that makes it genuinely fascinating So it s a shame that it doesn t work better as a book but this is one of those titles that you will want to read despite thatThe authors Sendhil Mullainathan and Eldar Shafir look at the nature of scarcity and crucially the effect it has on human performance You might hear the term and think it s about going hungry and that is one example of scarcity but they also look at what happens when money time and even friends are in short supply Although they aren t exact analogues all have related impacts on us as human beingsBy referencing the best available studies and doing a few of their own the authors come to some important conclusions Scarcity isn t all bad It concentrates the mind gives us focus But there is a price to pay for being in that tunnel It means that other essential aspects of life get ignored And most strikingly what the authors call bandwidth a combination of cognitive ability and ability to concentrate is reduced They call this a bandwidth tax So far so engaging We aren t just offered the symptoms and diagnosis but also some attempts to counter this Pointing out for instance that it s better for people to make decisions and learn things when they are going through a good phase than through scarcity However I have two problems with this as a book One is that while it s no textbook it really isn t particularly readable it takes a really interesting subject and makes it a bit dull And the other is that there are strong signs that this is really a magazine article not a book For page after page the same thing is said in subtly different ways If I see the word bandwidth again today I ll scream The meat of this book could easily fit in 4000 wordsSo paradoxically I do urge you to read the book as the subject is well worth exploring but I can t promise that you will enjoy the experience

Read & download Í eBook, ePUB or Kindle PDF ✓ Sendhil MullainathanScarcity Why Having Too Little Means So Much

Read Scarcity Why Having Too Little Means So Much Sendhil Mullainathan ✓ 8 Summary Read & download Í eBook, ePUB or Kindle PDF ✓ Sendhil Mullainathan Scarcity and the strategies it imposes the problems of modern life come into sharper focusMullainathan and Shafir discuss how scarcity affects our daily lives recounting anecdotes of their own foibles and making surprising connections that bring this research alive Their book provides a new way of understanding why the poor stay poor and the busy stay busy and it reveals not only how scarcity leads us astray but also how individuals and organizations can better manage scarcity for greater satisfaction and successhttpusmacmillancomscarcitySen. The premise of the book is that we have a limited amount of mental bandwidth and we use a bit of that bandwidth each time we address a problem Poverty time pressure and responsibilities all tax our mental bandwidth even when we are not actively thinking about them The value of this text is not in highlighting that pressure from outside factors affects us all the time but rather in explaining the importance of considering bandwidth in designing programs assigning tasks etcScarcity provides a lexicon that is severely lacking from the conversations of social entrepreneurs behavioral economists and managers alike A uick read I highly recommend this to anyone who has ever been perplexed by the disconnect between knowing what to do and being able to do it

Sendhil Mullainathan ✓ 8 Summary

Read Scarcity Why Having Too Little Means So Much Sendhil Mullainathan ✓ 8 Summary Read & download Í eBook, ePUB or Kindle PDF ✓ Sendhil Mullainathan Librarian's Note this is an alternate cover edition ISBN 9781846143458A surprising and intriguing examination of how scarcity and our flawed responses to it shapes our lives our society and our cultureWhy do successful people get things done at the last minute Why does poverty persist Why do organizations get stuck firefighting Why do the lonely find it hard to make friends These uestions seem unconnected yet Sendhil Mullainathan and Eldar Shafir show that they are all are examples of a mind set produced by scarcityDrawing on cutting edge res. I once heard Sendhil Mullainathan speak at an event in DC and he was smart and engaging He s a MacArthur Foundation genius a Harvard economist and a TED speaker He has a wry sense of humor and tells anecdotes from his personal life to make his economics work come alive And all of that is in this book written with his long time collaborator Eldar Shafir who s a Princeton psychologistStill this book was a bit of a disappointment possibly because I expected so much A lot of the conclusions are well obvious The book s entire thesis can be summarized as People make bad decisions when they are resource constrained whether the resources in uestion are money time food or something else Some of it recaps what has been said before about hyperbolic discounting in economicsThe book s chapters go like thisIntro definition of scarcity and overview of its conseuencesChap 1 The good scarcity can cause focus The bad focus can mean inattention to other thingsChap 2 Scarcity causes an internal disruption that makes it harder to make good decisionsChap 3 Slack the opposite of scarcity allows better choices and reduces the bad conseuences of failiureChap 4 Poor people are sometimes realistic about estimating costs because they have to beChap 5 Borrowing when you re short of cash leads to a descending spiral of debtChap 6 7 Poverty is a vicious circle of scarcity leading to bad decisions leading to scarcityChap 8 Poverty can be alleviated by creating slack such as extra cash or day care to create timeChap 9 Efficient use of resources and division of labor helps organizations become efficientChap 10 Efficient use of self control helps with life issuesOn the positive side the book contains some interesting stories and a rich set of endnotes to track down the many studies the authors cite On the negative side the book keeps talking about how mainstream economics is traditionally for example that people are rational decision makers just so the authors can tear down the mainstream view Economists come across as completely clueless which maybe they are Is it really surprising that when you re poor hungry and stressed that you would make less than rational decisionsMullainathan and Shafir seem aware of this problem with the book Chap 2 contains some defensive passages about how bad decisions under scarcity are different from bad decisions due to stress The explanation isn t compelling and unlike most of their other claims that passage doesn t have lots of studies to back it upThe most interesting study in the book is one about street vendors in India who are in perpetual debt from a loan sell repay cycle Chap 6 The researchers give the vendors a cash grant to pay off their debts which should have allowed them to start saving a little and eventually eliminate the need for borrowing altogether One by one though the vendors fall back into debt Any non economist would see this as challenges of personality or habit It s the same reason why couch potatos find it hard to get off the couch and exercise everyday The authors though somehow turn this into a story of scarcity How it was because there wasn t enough slack Why don t they do an experiment where they give everyone a little extra cash to save They don t though and I d bet good money that with additional cash the vendors would still have fallen back into debt eventually What the vendors need is some training and hand holdingThis study illustrates one of the biggest problems with the book In order to make a case for the centrality of scarcity the authors go too far Not every bad decision is about scarcity Sometimes people are dumb and sometimes there are dumb people And sometimes people are smart and there are also smart people At one point the authors write all people if they were poor would have less effective bandwidth Not sure about that My grandmother managed seven kids and ran a shop but she was dirt poor until her children grew up

  • Hardcover
  • 304
  • Scarcity Why Having Too Little Means So Much
  • Sendhil Mullainathan
  • English
  • 03 June 2020
  • null