Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Importance of scarcity in economics
Importance of scarcity in economics
Food stamps being abused
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Importance of scarcity in economics
Taking a look into one of the three articles “Some Consequences of Having too Little,” written and studied by Anuj K. Shah, Sendhil Mullainathan, and Eldar Shafir, people often faced with too little tend to borrow excessively and focus on the present rather than the future (Shah, Mullainathan and Shafir 682). In order to test this hypothesis, the writers have conducted 5 experiments to show how scarcity affects behavioral, environmental and psychological conditions that re-inforce poverty (Shah, Mullainathan and Shafir 682). These studies also prove that having less requires more attention on tasks at hand while neglecting other tasks that seem not so pressing (Shah, Mullainathan and Shafir 682). For example, I know a lady named Marci. Marci depends on her food stamps each month to feed …show more content…
Every month she goes to the store and stocks up on perishable items such as fruits, veggies and meats to accommodate her nonperishables she already has at home. Focused on groceries for her household Marci neglects her light bill, which results in the refrigerator turning off. Inevitably all the meats and other perishable items spoil and go bad. All the months’ food she just bought at the store are now gone. Marci’s main concern to feed her family rose above the light bill that she neglected from having scarce resources, resulting in poor decision making.
To scientifically support this example, the writers conducted 2 experiments that created an increase of focus on a particular task (Shah, Mullainathan and Shafir 683). In experiment 1, they rounded 60 individuals to play the well-known game of “Wheel of Fortune” (Shah, Mullainathan and Shafir 683). The “poor” participants had
Ruud, C., Bijleveld, E., & Aarts, H. (2011). Once the money is in sight: Distinctive effects of conscious and unconscious rewards on task performance. Journal of Experimental Social Psychology, 47(4), 865-869.
The chapter “Clarify What’s Important to you” introduces several successful leaders and many praiseworthy values to me. Although each leader comes from different environments and possesses different characters, all of them keep their precious values in mind and persist in chasing their ideal lives. Even if each value can be interpreted by different meanings, they all lead encourage individuals to become better.
Within the recent years there has been many changes occurring in our nation that had never happened before. Well defined social understandings such as gender, race, sexually as well as other self-identifying terms that had been previously well understood were starting to change and evolve, no longer fitting the social mold that it once had. A great illustration for my previous statement of change can be seen in the article “The Year We Obsessed Over Identity” by Wesley Morris, which highlights specific major events that had occurred in recent years till two thousand and fifteen. One case discussed in the article was the idea that race was defined by your skin color and other biological characteristics that landed
The story I chose for this analysis is “Why, you reckon?” by Langston Hughes. IN this analysis I will be focusing on how the great depression in Harlem had effect on the story, how racism played a part, and how or if the characters were justifyied in their actions. During this time period the intense racial divide combined with the economic harships that plagued the U.S. during the 1923’s makes for an interesting story that makes you think if the charaters were really justified.
Despite Russia being unstable during the 1860s due to political conflicts, class conflicts, and various revolutionary ideologies shaking up traditional customs, women were still constantly trapped in their own state of oppression. Women were faced with inequality everywhere - from their community, to even their own family. Compared to men, they were subordinated legally at every social level and weren’t allowed to participate in occupations outside of their domestic work. In What is to Be Done?, Nikolai Chernyshevsky implements much of the intelligentsia’s ideas for transforming the subordination of women. The novel centers on Vera Pavlovna, a woman who escapes a suffocating lifestyle and forced marriage, becomes an entrepreneur, and finds her own true love with the help of her new found independence. Chernyshevsky uses Vera’s journey as an example of how a woman is oppressed and how she is able to be liberated from that oppression.
“Wow, your house smells amazing!” I exclaimed to my friend Kristi as we sat in her living room. Two years ago, I remember walking into Kristi’s house and taking a deep breath. Every time I visited her house, I relished the pleasant scent floating around her house, so one day I expressed this to her. However, her reply surprised me. “My house doesn’t smell like anything!” she responded. Initially confused, I slowly realized since she lived in her house her entire life, she no longer noticed the smell. This made me wonder if I no longer noticed things in my own life. Sometimes people’s lives mirror this situation. Settling for lackluster lives and sinful actions, they fail to notice problems in their lives anymore. Through “Dare You to Move”
Poverty is a potential outcome for everyone. It’s sneaky and many people fall victim to it every year. No one believes that they have the potential to fall into debt, but it can happen through a string of bad luck, time running short, and other possibilities that can’t be controlled. People who are struggling with difficulty believe that there is no way out because no one will help them. However, there are ways for us, as a society, to help those who are short on income receive the help that they need. Many of the impoverished are thought to be slackers, addicts, or self-destructive to their lives. Society can help each other by dismembering the stereotypes given to people who are underneath the “Poverty Line” that they used as wedges between the classes. Labels given to those who’re poor have nothing to do with who they are as humans.
Sophocles wrote the classic tragedy Antigone in 496-406 BC this play dramatizes the conflict between self-morality versus human law by representing each conflict by two characters; Antigone and Creon. In this play Antigone decides to bury her brother Polyneices regardless of the king Creon’s decree. After Antigone is caught Creon decides that the punishment of death will be enforced. This sets of a chain reaction of conflicts between Antigone and Creon, both filled with pride and will. The chorus states that the gods vigorously punish the proud, yet punishment brings wisdom. ( )
Everyone Leaves Essay Ever wondered why people leave for many reasons and some stay? One of the reasons would be escaping the negative environment that the person or people have experienced in their past life, a reason for staying would be the fact that the environment they grew up throughout their lives is a mentality to them, or a family emergency. Based on the book called Everyone Leaves, the theme tells the readers that people do have a choice but to leave because, the only options they have are to suffer the consequences and live through the mentality for the rest of their lives, or leave to escape the negative atmosphere to find peace again and to pursue a new life. But, situations where someone is being forced to leave, then the person
When Farinta says “That noble city, with which in my time perhaps I was too harsh” He refers to the city of Florence as a noble city, so what he meant by that it is the place that born in it and it looks like utopia in his In his eyes. Also nothing will get wrong in the city of Florence. The city can be noble because it has the nobles, the merchant's, the tradesmen, and workers. The nobles own most of the city. He is showing how much it is important to him. When he says “Perhaps I was too harsh” He does not recognize that he was harsh. He wants to redeem himself after the struggle between the Ghibellines as their leader and the ut he didn’t do anything to stop the fight and that made him be harsh on the Guelphs because if he had stopped the fight the city of Florence will not be lost.
Macleod and Mathews (1991) induced attentional biases within a laboratory setting to determine that a ca...
This study took place on a Sunday afternoon on the Harvard quad. The general population involved in the experiment seemed to be a...
Kahneman, D., Krueger, A. B., Schkade, D., Schwarz, N., & Stone, A. A. (2006). Would You Be Happier If You Were Richer? A Focusing Illusion. Science, 312, 1908-1910.
Thompson, Derek. Your Brain on Poverty: Why Poor People Seem to Make Bad Decisions. 22 Nov 2013. Web. 19 Feb 2014.
In conclusion, sometimes actions take place that changes a person’s outlook on life and as you can see poverty is one that can have a huge effect on not only one person, but also the people around him/ her.