Quote from Sendhil Mullainathan
The present presses automatically on you. The future does...
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The present presses automatically on you. The future does not. To attend to the future requires bandwidth, which scarcity taxes. When scarcity taxes our bandwidth, we become even more focused on the here and now. We need cognitive resources to gauge future needs, and we need executive control to resist present temptations. As it taxes our bandwidth, scarcity focuses on the present, and leads us to borrow.
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This quote is from Sendhil Mullainathan's book "Scarcity: Why Having Too Little Means So Much". Want to read this book? Download "Scarcity: Why Having Too Little Means So Much" on your computer, Android or iPhone in any format of electronic books!
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