Scarcity – The Good and the Bad
Prairie Eco-Thrifter
NOVEMBER 12, 2014
When we don’t have much of something we need or desire, the bit of it that we do have is savored all the more or we are willing (if able) to pay more to obtain the item. Would a never ending supply of cookies be as enjoyable as a limited supply? Why is scarcity bad? Believing something is scarce can cause us to make poor decisions.
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