The perception of scarcity increases the value we attribute to something, making it more desirable.
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As an engineer with an official degree in software engineering, I am primarily interested in science and technology. I enjoy reading literature of many genres, and I especially like those from human behavior, sociology, history, and, should I say, science
Similar ideas to Scarcity Effect: The Allure of Limited Availability
It was only when people started seeing scarcity and the various vulnerabilities and risks with farming did they start to value history and the concept of time. They learned to diversify their farming investment so that poor rainfall or too much of it does not spoil all of their efforts.
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Use the Realized Income Methods to calculate the value of your time. It is based on the income you received and will help you make better decisions on how to spend money day-by-day. You need two numbers for your calculations.
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