Tag Archives: NPR

PMP:059 How Does Scarcity Affect Your Mindset?

The other morning, on my drive to school with my daughter, I was listening to a story on NPR called The Scarcity Trap: Why We Keep Digging When We’re Stuck in a Hole by Shankar Vedantam.

Photo by Nathan Rein – Creative Commons Attribution-NonCommercial-ShareAlike License https://www.flickr.com/photos/45067812@N00


Researchers have determined that when people find themselves consumed with trying to simply survive, they often instinctively operate with tunnel vision. Sometimes they have poorer judgment. They tend to have a harder time thinking long-term. The urgent often overwhelms other important priorities.

In fact, one study looked at farmers in India who are paid only once a year after harvest. When their behaviors were observed before and after, their ability to make rationale, wise choices dramatically changed when their scarcity was replaced with abundance. Vedantam reports that other research has found that IQ scores actually lower when people test while experiencing scarcity than when experiencing stability. Continue reading