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[Read] (Scarcity Why Having Too Little Means So Much)

Free download ↠ PDF, DOC, TXT, eBook or Kindle ePUB free ä Sendhil Mullainathan

Free download Scarcity Why Having Too Little Means So Much Summary ↠ Scarcity Why Having Too Little Means So Much È PDF, DOC, TXT, eBook or Kindle ePUB free A surprising and intriguing examination of how scarcity and our flawed responses to it shapes our lives our society and our culture Why 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 examples of a mind set produced by scarcityDrawing on cutting edge research from behavioral science and econo. 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

Free download Scarcity Why Having Too Little Means So Much

Scarcity Why Having Too Little Means So Much

Free download Scarcity Why Having Too Little Means So Much Summary ↠ Scarcity Why Having Too Little Means So Much È PDF, DOC, TXT, eBook or Kindle ePUB free City 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 success. 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 form and backed by research results I d put books like Thinking Fast and Slow Antifragile Things That Gain from Disorder and The Difference How the Power of Diversity Creates Better Groups Firms Schools and Societies in this category They stretch your expectations and your perspectivesIn this book scarcity is considered in a variety of forms including a lack of wealth poverty time overcommitted food hunger and social contact loneliness Through a variety of experiments from a behavioral economic point of view the authors demonstrate that all of the varieties of scarcity share certain characteristics and that the results manifest themselves in ways that we might not have expected However they particularly focus on poverty with good reason because it is a form of scarcity that affects both individuals and society the mostAs an example take the idea of the lack of success of the poor Are they not successful because they are poor or are they poor because they are not as capable Or both Your answer to that may depend on your worldview or your politics but it is a uestion worth asking because without a solid answer we have very little basis for finding solutionsThe authors decided to see if someone s level of wealth would affect them intellectually To do this they started by giving a random group the scenario You car needs 300 in repairs the insurance will cover half Would you get it fixed How would you decide and have them talk about that decision Immediately after this they were given test of general intelligence Raven s Progressive Matrices to be exact it s an I type test In this case the result was that both poor and prosperous people come out very similar in their results Their cognitive capabilities were nearly eualThey then changed the scenario to represent a larger financial hurdle You car needs 3000 in repairs the insurance will cover half Would you get it fixed How would you decide They presented this to a similar random group of subjects and the results were striking After that scenario the poor people performed significantly worse than the prosperous people How much worse An euivalent of 12 13 I points or a greater effect than taking the test after being forced to stay up all night with no sleepNote that this was at a subconscious level the scenario is hypothetical in both cases However the mere distraction of the scarcity of money causes significant degradation of intellectual functioning Moreover the same effect happened when they run a similar test on executive function that is self control and willpower With the first scenario no difference between poor and prosperous With the second significant differencesSo what does that tell us That when we see the poor making choices that are clearly not helping their lives or performing poorly in educational settings or getting caught in behaviors that are downward spirals we need to take into account that there are invisible for significant cognitive deficits that any one of us would be under if we were in the same financial circumstances These are not character flaws they are deeply embedded ways that the human brain deals with scarcity We find similarly irrational behaviors in successful people whose scarcity involves lack of time and not lack of moneyThis book is filled with experiments like this and the results and the authors have done an admirable job conducting them to address some of the possible confounding factors They also do an excellent job of communicating their work in a readable form If you want a fantastic lens with which to examine some of the most perplexing uestions facing our world today this book is an excellent choiceAs is usual with books like these I thought that their solutions part of the book was weaker than the discussion What books like this really spur and why they are so important when they become popular are new conversations and thoughts among many people that lead to a shifting of general perception and ultimately people using this perspective to find solutions that are far beyond what the authors would have ever dreamedAs is usual for my reviews I try and reserve my 5 star reviews than cause me to rethink something significant in the world that I had taken for granted before Although it s not perfect this book fits that descriptions to a tee Being Peace bring this research alive Their Cloud Busting book provides a new way of understanding why the poor stay poor and the Poema del Cante Jondo busy stay Crash into Me busy and it reveals not only how scarcity leads us astray Les fleurs du mal; Le spleen de Paris but also how individuals and organizations can Totenhaus better manage scarcity for greater satisfaction and success. Scarcity is one of those Scarcity Why Having Too Little Means So Much backed Notorious Angel by research results I d put Anleitung zum Unglücklichsein books like Thinking Fast and Slow Antifragile Things That Gain from Disorder and The Difference How the Power of Diversity Creates Better Groups Firms Schools and Societies in this category They stretch your expectations and your perspectivesIn this Female Friends book scarcity is considered in a variety of forms including a lack of wealth poverty time overcommitted food hunger and social contact loneliness Through a variety of experiments from a Confessiones behavioral economic point of view the authors demonstrate that all of the varieties of scarcity share certain characteristics and that the results manifest themselves in ways that we might not have expected However they particularly focus on poverty with good reason Lust For Gold Siren Island #2 because they are poor or are they poor Pokémon Black and White Vol 8 but it is a uestion worth asking The Bean Trees because without a solid answer we have very little Dandelion Clocks basis for finding solutionsThe authors decided to see if someone s level of wealth would affect them intellectually To do this they started Brothers by giving a random group the scenario You car needs 300 in repairs the insurance will cover half Would you get it fixed How would you decide and have them talk about that decision Immediately after this they were given test of general intelligence Raven s Progressive Matrices to Městečko kde se zastavil čas be exact it s an I type test In this case the result was that Lost in the Solar System The Magic School Bus #4 both poor and prosperous people come out very similar in their results Their cognitive capabilities were nearly eualThey then changed the scenario to represent a larger financial hurdle You car needs 3000 in repairs the insurance will cover half Would you get it fixed How would you decide They presented this to a similar random group of subjects and the results were striking After that scenario the poor people performed significantly worse than the prosperous people How much worse An euivalent of 12 13 I points or a greater effect than taking the test after skater boy • luke hemmings au both cases However the mere distraction of the scarcity of money causes significant degradation of intellectual functioning Moreover the same effect happened when they run a similar test on executive function that is self control and willpower With the first scenario no difference Sweeter Than Wine between poor and prosperous With the second significant differencesSo what does that tell us That when we see the poor making choices that are clearly not helping their lives or performing poorly in educational settings or getting caught in The Wake behaviors that are downward spirals we need to take into account that there are invisible for significant cognitive deficits that any one of us would Sleeper be under if we were in the same financial circumstances These are not character flaws they are deeply embedded ways that the human Deutsche Geschichte des 19 und 20 Jahrhunderts brain deals with scarcity We find similarly irrational The Illustrated Mum behaviors in successful people whose scarcity involves lack of time and not lack of moneyThis Authority book is filled with experiments like this and the results and the authors have done an admirable job conducting them to address some of the possible confounding factors They also do an excellent job of communicating their work in a readable form If you want a fantastic lens with which to examine some of the most perplexing uestions facing our world today this Imagimorphia book is an excellent choiceAs is usual with 午後の曳航 Gogo no eikō books like these I thought that their solutions part of the Everyone Worth Knowing book was weaker than the discussion What ダンス・ダンス・ダンス Dansu dansu dansu books like this really spur and why they are so important when they Die Dreigroschenoper become popular are new conversations and thoughts among many people that lead to a shifting of general perception and ultimately people using this perspective to find solutions that are far Cyrano de Bergerac beyond what the authors would have ever dreamedAs is usual for my reviews I try and reserve my 5 star reviews than cause me to rethink something significant in the world that I had taken for granted Buda's Wagon A Brief History of the Car Bomb before Although it s not perfect this China von innen gesehen book fits that descriptions to a tee

Free download ↠ PDF, DOC, TXT, eBook or Kindle ePUB free ä Sendhil Mullainathan

Free download Scarcity Why Having Too Little Means So Much Summary ↠ Scarcity Why Having Too Little Means So Much È PDF, DOC, TXT, eBook or Kindle ePUB free Mics 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 scar. 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 and ideas made were well described early in the book and yet 70% of it was just regurgitating the same themes Many books are written in such manner especially when they deal with non fiction topics and this book is no different Editors must be gunning for volume and as such authors are forced to write the same thing over and over again in different words The book did a good job explaining the issue and yet did not offer much on terms of strategies to handle In short good albeit long and repetitive description of the problem and almost no solutions Advice to new readers You can bail out after the first third and not miss anything of substance I stuck to the end and can attest to that


10 thoughts on “[Read] (Scarcity Why Having Too Little Means So Much)

  1. says: [Read] (Scarcity Why Having Too Little Means So Much) Free download ↠ PDF, DOC, TXT, eBook or Kindle ePUB free ä Sendhil Mullainathan

    Free download Scarcity Why Having Too Little Means So Much [Read] (Scarcity Why Having Too Little Means So Much) Free download ↠ PDF, DOC, TXT, eBook or Kindle ePUB free ä Sendhil Mullainathan Are the poor to blame for their poverty? For their flawed choices?Are the overweight struggling with a diet? What about those who complain of being too busy? What about the lonely?What these have in common is scarcity something that economists have always studied But until fairly recently the idea of studying cognition

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    [Read] (Scarcity Why Having Too Little Means So Much) Sendhil Mullainathan ä 2 Download Free download ↠ PDF, DOC, TXT, eBook or Kindle ePUB free ä 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 Harvard economist and a TED speaker He has a wry sense of humor and tells anecdotes from his personal life to make h

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    [Read] (Scarcity Why Having Too Little Means So Much) The mathematics of ueuing theory demonstrates that as resource utilization approaches 100% ueue length and delay increase

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    [Read] (Scarcity Why Having Too Little Means So Much) Sendhil Mullainathan ä 2 Download Free download Scarcity Why Having Too Little Means So Much 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 and ideas made were well described early in the book and yet 70% of it was just regurgitating the same themes Many books are writ

  5. says: [Read] (Scarcity Why Having Too Little Means So Much)

    [Read] (Scarcity Why Having Too Little Means So Much) Free download Scarcity Why Having Too Little Means So Much 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 title

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    [Read] (Scarcity Why Having Too Little Means So Much) This extremely important book takes a close and counter intuitive look at how the brain behaves when confronted with the l

  7. says: Free download Scarcity Why Having Too Little Means So Much [Read] (Scarcity Why Having Too Little Means So Much) Free download ↠ PDF, DOC, TXT, eBook or Kindle ePUB free ä Sendhil Mullainathan

    Sendhil Mullainathan ä 2 Download Free download ↠ PDF, DOC, TXT, eBook or Kindle ePUB free ä Sendhil Mullainathan Free download Scarcity Why Having Too Little Means So Much Some people say poor people have poor ways the implication being that they are poor because of their poor ways These authors mainta

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    Sendhil Mullainathan ä 2 Download Free download ↠ PDF, DOC, TXT, eBook or Kindle ePUB free ä Sendhil Mullainathan Free download Scarcity Why Having Too Little Means So Much 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 consider

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    [Read] (Scarcity Why Having Too Little Means So Much) Sendhil Mullainathan ä 2 Download Free download Scarcity Why Having Too Little Means So Much 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 form and backed b

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    Free download ↠ PDF, DOC, TXT, eBook or Kindle ePUB free ä Sendhil Mullainathan [Read] (Scarcity Why Having Too Little Means So Much) Proposes that scarcity undermines rationality in consistent but unrecognized ways across human life The schedule the diet the budget the farm the attempt to connect The butter was spread a little thin but I appreciate that

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  • Kindle Edition
  • 302
  • Scarcity Why Having Too Little Means So Much
  • Sendhil Mullainathan
  • English
  • 18 June 2020
  • null