Scarcity - Deepstash
Scarcity

Scarcity

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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horto

🔥 Building @deepstash 🧬 Interested in tech, science, philosophy, marketing, business, health. Lifelong learner.

The idea is part of this collection:

Product Management Essentials

Learn more about books with this collection

Essential product management skills

How to work effectively with cross-functional teams

How to identify and prioritize customer needs

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Too Much Information, Too Little Attention

Too Much Information, Too Little Attention

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...

SCARCITY

SCARCITY

  • Research shows that humans respond MORE to “fear of loss” than “gaining something“.
  • Companies will use “limited time offers” to make it appear products are in a short supply to increase buying frequency. 
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1. Status

Also known as belonging, prestige, respect, scarcity...

People show it by associating themselves with other high-status people or by joining products that are exclusive.

Access to something scarce motivates people to share because they can get high status from the people they share it...

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