Pictures of Theories: The Scarcity Principle

Theories_ScarcityPrinciple

The Scarcity Principle, Social Psychology:

“Scarcity, in the area of social psychology, works much like scarcity in the area of economics. Simply put, humans place a higher value on an object that is scarce, and a lower value on those that are in abundance.” (Wikipedia)

A special holiday theory, just in time for Christmas. For more on this, check on the Stuff You Should Know episode on “it” holiday toys, it’s great.

Be careful out there 😉

 

Are you highly learn-ed in specialized knowledge? Are you now, or have you ever been, a graduate student or professor? Do you read dense theoretical texts for fun? Send your favorite theories to devonisadevon@gmail.com, and I will draw them. Esoteric terminology also accepted but will be evaluated on a case-by-case basis. Oh, and follow me on Instagram while you’re at it – @devon_isadevon.

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