Breaking Down the Scarcity Mindset

Have you ever pulled an all-nighter? Do you remember the next day, when a mental fog clouds up your brain and simple tasks get 10 times harder? What if you felt like that every day? Some people do.

In a 2017 experiment , researchers found that simply thinking about an expensive car repair bill significantly worsened the cognitive performance of low-income individuals. These same researchers also studied sugarcane farmers in India, who make the majority of their annual income all at once. At harvest time, the farmers quickly go from poor to relatively rich. The farmers performed much worse […]

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