Scarcity Trap
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Why do poor people take payday loans with 400% interest? Why do busy executives make terrible decisions about their health? We often blame these behaviors on a lack of discipline or education. But behavioral economist Sendhil Mullainathan and psychologist Eldar Shafir propose a different, radical theory: Scarcity itself lowers your IQ. "e;The Scarcity Trap"e; explains that when your brain is obs...
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E-book
epub
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3.74 £
Why do poor people take payday loans with 400% interest? Why do busy executives make terrible decisions about their health? We often blame these behaviors on a lack of discipline or education. But behavioral economist Sendhil Mullainathan and psychologist Eldar Shafir propose a different, radical theory: Scarcity itself lowers your IQ. "e;The Scarcity Trap"e; explains that when your brain is obs...
Read more
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