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Dr. Mindy Weinstein

๐Ÿ‘ค Speaker
406 total appearances

Appearances Over Time

Podcast Appearances

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

Where you just thought, I mean, that's silly example, but yeah, like just pause, pause and ask yourself, is this something you truly wanted?

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

You know, and the other thing too, especially like when we think about holiday shopping and sales, it's really easy to get caught up in that, but you want to even do your homework ahead of time.

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

Find out about, know what you want to buy and find out what is the normal price that

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

what have been the sale prices periodically that have happened for this product to understand if it's truly a good deal when you see that holiday sale, because it may or may not be that great of a deal.

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

And so that's just kind of something to think about too.

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

Yes.

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

And that because when I was talking about the MRI reaction to remember, it was the value that your brain is placing on that item.

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

But if you already know how much that product should be, that helps with that.

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

Plus, as I talked about the decision making, you know, that gets skipped.

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

Well, you're actually doing it ahead of time, you know, you're doing your homework.

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

And so it can help with all of that.

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

Oh yeah.

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

I mean, FOMO, I mean, I know I alluded to that a little bit, but FOMO is a huge thing when it comes to scarcity.

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

It's huge.

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

And so, and that is, I mean, that's some of the examples I talk about is social media.

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

We don't want to miss out if we find out that like concert tickets are going on sale and all our friends are talking about it.

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

Well, when it goes on sale, we want to make sure we're buying it too, because we don't want to miss that.

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

But yeah,

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

You just again have to remind yourself that it's that and I know I did say this, but like, pause, know that any regret you're going to have if you don't take action will go away.

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

You're not going to be thinking about that long term.