Pictures of Theories: The Scarcity Principle


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 πŸ˜‰


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, 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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