Scarcity: Why Having Too Little Means So Much

Mullainathan, Sendhil,Shafir, Eldar

ISBN 10: 0805092641 / ISBN 13: 9780805092646

Published by Times Books, 2013

About this Item

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Bibliographic Details

• Title: Scarcity: Why Having Too Little Means So Much
• Publisher: Times Books
• Publication Date: 2013
• Language: English
• ISBN 10: 0805092641
• ISBN 13: 9780805092646
• Binding: hardcover
• Edition: 4th Edition
• Condition: Good
• Dust Jacket Condition: Dust Jacket Included

About this title

Synopsis

In this provocative book based on cutting-edge research, Sendhil Mullainathan and Eldar Shafir show that scarcity creates a distinct 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 the same sugarcane farmers are smarter after harvest than before.

Once we start thinking in terms of scarcity, the problems of modern life come into sharper focus, and Scarcity reveals not only how it leads us astray but also how individuals and organizations can better manage scarcity for greater satisfaction and success.

About the Authors

Sendhil Mullainathan, a professor of economics at Harvard University, is a recipient of a MacArthur Foundation “genius grant” and conducts research on development economics, behavioral economics, and corporate finance. He lives in Cambridge, Massachusetts.

Eldar Shafir is the William Stewart Tod Professor of Psychology and Public Affairs at Princeton University. He conducts research in cognitive science, judgment and decision-making, and behavioral economics. He lives in Princeton, New Jersey.