Scarcity is not just a physical constraint, as economics - TopicsExpress

Scarcity is not just a physical constraint, as economics emphasizes. It is a mindset. When scarcity captures our attention, it changes how we think— whether it is at the level of milliseconds, hours, or days and weeks. By staying top of mind, it affects what we notice, how we weigh our choices, how we deliberate, and ultimately what we decide and how we behave. When we function under scarcity, we represent, manage, and deal with problems differently. Some fields have studied mindsets created by particular instances of scarcity: how dieting affects mood, or how a particular cultural context might affect the attitudes of the local poor. Our research shows that scarcity itself, in every form, creates a particular mindset. And this mindset can help explain many of the behaviors and the consequences of scarcity. Whether you’re poor, busy, lonely, or just dieting, scarcity captures your mind.

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