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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

Then you fast forward to today, our brains are still wired in a way that when something is hard to get, or we fear that we might not be able to have the option for whatever, if it's an opportunity, if it's something you're trying to buy, if it's a person you're trying to date.

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

our brains that actually being able to see the activity on brain scans, they start to, you know, all this activity starts happening that, okay, this is urgent.

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

This needs our attention.

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

We got to rectify the situation.

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

So that's a lot of what I was coming across.

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

So then when I saw the whole thing with toilet paper, I thought,

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

we're seeing this with toilet paper.

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

Because if you remember, even the news, like they kept saying, there's no supply issue, like there's enough supply, but the demand was so high, that that was just causing people of that fear, you don't want to miss your chance to get toilet paper.

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

And a lot of that came into play.

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

And also just on a side note, I mean, really with scarcity, the whole idea of FOMO is pretty big with scarcity, because it is that fear that

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

we might lose a chance.

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

We might lose the freedom to purchase that.

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

We might lose the freedom to take this opportunity, whatever it might be.

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

And so again, the way that our brains operate, you just get into high gear of like, we got to fix this situation.

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

And as I keep seeing our brains, it's

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

This is research.

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

So there's been so many studies where people were hooked up to MRIs, you know, and faced with a scare situation.

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

And I'm not talking about a scare situation of like not getting food or water, like scare situation where they're bidding on a product on an auction, you know, and watching what their brain does.

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

And the way that the brain would react is the activity where quick decisions are made would just light up.

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

And the activity where we would value something just would light up, meaning we'd skip the normal decision-making steps that we take and just immediately go to like, okay, we got to...