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Excerpt
GEM13: Sendhil Mullainathan on Scarcity. Sendhil Mullainathan, November 11, 2013, Video. "At the 2013 Global Empowerment Meeting, Harvard University economics professor Sendhil Mullainathan explains how scarcity - and our flawed responses to it - shapes our lives, our society, and our culture. Research from behavioral science and economics shows that scarcity generates a similar psychological reaction for everyone struggling to manage with less than they need. The dynamics of scarcity reveal why dieters find it hard to resist temptation..." Verified October 13, 2014