Our decisions are shaped more by how much we could lose than by how much we could gain. We value limited information and we are more affected by a drop from abundance to scarcity than scarcity in and of itself.
It is more dangerous to give people freedoms for a while, then take them away, than not to give them at all. Our joy comes not from experiencing a scarce commodity, but from possessing it.
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Similar ideas to Scarcity
The Scarcity Principle states that opportunities appear more valuable when they seem limited in availability. This powerful motivator works because:
Throughout most of human history, access to knowledge was limited. Power equated to how much information you had access to. Kings built great libraries, and texts were rare and valuable things.
Today, however, what was once scarce is abundant. We’re drowning in information. There are more b...
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