Research News
4:25 am
Thu January 2, 2014

How Scarcity Trap Affects Our Thinking, Behavior

Originally published on Thu January 2, 2014 5:52 am

A Harvard economist finds there are psychological connections between the bad financial planning of many poor people and the poor time management of busy professionals. In both cases, he finds the experience of scarcity causes biases in the mind that exacerbate problems.