The Scarcity Trap

  • April 25, 2015
  • 11:30 am
  • McDougall Centre

Defined by a lack of resources, be it time, money, or even food, scarcity is suffocating. Studies show we become obsessed with managing it, feeling its pressure on all other aspects of our lives and in the end we lose ourselves in it. Unable to think in the long-term we make shortsighted decisions that only end up exacerbating the scarcity. We become trapped.

Delving into the details of the psychology, its far-reaching effects and ways to overcome the trap of scarcity are Robert Oxoby, founding director of the University of Calgary’s Behavioural and Experimental Economics Lab and Eldar Shafir, behavioural scientist (Princeton University) and co-author of Scarcity: Why Having Too Little Means So Much. Founding director of Ryerson University’s Arts and Contemporary Studies and author of Understanding Economics Mark Lovewell moderates.

  • Free



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