Most Active Stories
- Successful Entrepreneur Paul Cummings & Foundation Leader Cordell Carter Team Up to Launch TechTown
- City of Chattanooga Designates 140-Acre Downtown Area as 'Innovation District'
- Start It Up Ep 10: Why a Good Bookkeeper Matters and Chattanooga's Filmmaking Community is on Fire
- Pentagon's Money-Saver: U.S. Troops To Leave 15 European Sites
- Douglas Tallamy: Why Home Gardening 'Transcends the Needs of the Gardener'
How Scarcity Trap Affects Our Thinking, Behavior
Originally published on Thu January 2, 2014 7:52 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.