Scarcity : Book Review
The problem Landscape
Scarcity --> tunnelling --> bandwith tax --> Less Cognitive Control --> Goal inhibition --> Errors --> Failures/More scarcity/Poverty/Worry
Trade-off thinking & Juggling --> Choking & Personality disorders
vs (abundance means freedom from trade-offs)
Slack (bees vs wasps)
Solutions to manage/cure the problem
Prevention is better than cure but we discuss cure here
Fault Tolerant Design (cockpit)
Slack (blender) “when you face scarcity, slack is a necessity”
Manage Scarcity = Bottleneck resource (refer book : GOAL)
Benihana Restaurant
Nobody goes there anymore, its too crowded
Scarcity masquerages as variability ? (refer book : Winning)
Reminders to avoid tunnelling etc
Automation
Keep the change
convert vigilant behaviours to one-time actions
Linkage
Reduce rule complexity
Find out high bandwidth time & Protect it.
Avoid models with “abundance then scarcity”. Chose the opposite model with “suffer now enjoy later”
Better to “avoid” Scarcity ?
"Avoiding stupidity is easier than seeking brilliance" ~ Charlie Munger.
“It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.”
Losing Less - Charlie Ellis
`It’s the strong swimmers who drown.’
“Wesco continues to try more to profit from always remembering the obvious than from grasping the esoteric”
Its clear from the above quotes that its much easier to avoid scarcity than to manage it, so how do we do it ? (see section below)
Ways to avoid scarcity
First million is a bitch then you can ease of the gas pedal a bit