Scarcity

This is a Chinese book that was recommended by my sister. Luckily I found the original English book “Scarcity: why having too little means so much” written by Sendhil Mullainathan and Eldar Shafir in our library.

I immediately enjoyed reading it as there are so many examples I can link to easily. I kind of see why I have made decisions in certain circumstance, and why I feel busy and can’t finish things I planned to do on the day. Although I have applied some good methods to make life smooth and simple, this book explains why sometimes I still go into the trap.

This is a talk from the authors.

On page 174-175, it mentioned a “financial education” class designed by economist Antoinette Schoar and her coauthors. This is a video that presents their work.

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