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Eldar Shafir’s Followers (54)
Eldar Shafir
Goodreads Author
Member Since
April 2013
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Scarcity: Why Having Too Little Means So Much
by
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published
2013
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45 editions
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The Behavioral Foundations of Public Policy
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published
2012
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5 editions
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The Essential Tversky
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Preference, Belief, and Similarity: Selected Writings
by
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published
2003
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9 editions
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Rethinking Intuition
by
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published
1998
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5 editions
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Reasoning and Decision Making
by
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published
1994
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Thinking through uncertainty: Nonconsequential reasoning and choice
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“We fail to build slack because we focus on what must be done now and do not think enough about all the things that can arise in the future. [...] What should you do? Should you leave spaces open in your schedule...just in case something unexpected comes up...? In effect, yes. That's what you do when you allocate forty minutes to drive somewhere a half hour away...When you face scarcity, slack is a necessity.”
― Scarcity: Why Having Too Little Means So Much
― Scarcity: Why Having Too Little Means So Much
“Many systems require slack in order to work well. Old reel-to-reel tape recorders needed an extra bit of tape fed into the mechanism to ensure that the tape wouldn't rip. Your coffee grinder won't grind if you overstuff it. Roadways operate best below 70 percent capacity; traffic jams are caused by lack of slack.”
― Scarcity: Why Having Too Little Means So Much
― Scarcity: Why Having Too Little Means So Much
“Now imagine that we offer you a highly subsidized daycare program. What exactly are you getting for it? Surely, we are saving you time shuttling your kids back and forth. We might be saving you money as well...But we would be giving you something else, even more precious. Something you could spend on many things. We would be giving you back all that mental bandwidth that you currently use to fret, worry, and juggle these arrangements. We'd be taking a cognitive load off. As we've seen, this would help your executive control, your self-control more broadly, even your parenting. It would increase your general cognitive capacity, your ability to focus, the quality of your work, or whatever else you chose to turn your mind to. From this perspective, help with child care is much more than that. It is a way to build human capital of the deepest kind: it creates bandwidth.”
― Scarcity: Why Having Too Little Means So Much
― Scarcity: Why Having Too Little Means So Much
