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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

Because that's always been something that, you know, I was thinking about.

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

and realized really quickly that scarcity out of all the different factors that motivate us, that one is the most powerful.

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

And yes, like you said, it wasn't from studies.

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

I mean, studies have been going on for decades on scarcity, but there is a bit of a disconnect in the information that's like in the academic journals versus like what's out there in the mainstream.

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

And

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

And I think that happens though with a lot of different topics.

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

There's the academic world, but then it's not always translated to what does that mean for us in business?

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

And that is one of the many reasons why I wanted to write this book.

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

So if you don't mind, I'll even get into some like what my trigger was to actually like put this whole book together that I had been studying.

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

So I'd been working on my dissertation.

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

I had finished my dissertation.

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

I was in the process like of defending it when COVID hit.

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

And I remember at the time, like thinking, oh, my gosh, I'm like watching all of this stuff that I've been studying for years play out like with toilet paper, like of all the things like, you know, I would not have anticipated that with my studies and research.

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

Yeah, you know, so when I said playing out, basically, like with the toilet paper and the craze with that, what was happening from a psychological perspective is, well, there's a couple things.

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

One, when something starts to feel like it's a high demand, and there's a risk that we can't get it.

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

That does cause a reaction in us.

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

And that's something that's actually innate in us.

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

And it's something that even our early ancestors, you know, they were trying to survive when resources were scarce.

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

You think about empires and governments over the years, the ones who had control, it's because they controlled water and they controlled food.

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

So they were able to control that.