Author: kaylynn Nguyen

Managing “Scarcity Traps” in Your Team

We are living in a time of unexpected scarcity. The basic resources, routines, and stability that we once took for granted now seem in short supply. Under these conditions, it is easy to fixate on what we don’t have or what we might lose moving forward. When this happens, we put ourselves at risk for what behavioral economist Sendhil Mullainathan calls “scarcity traps.”