Question

How does scarcity influence your decision making? Include in

your answer a supporting example that illustrates the effect of
scarcity (e.g., time or income) on the choices you've made.

Answer 1

Scarcity significantly influences decision-making by compelling us to assign limited resources, such as time or income, among competing needs and desires. For example, when facing a time scarcity dilemma like choosing between overtime work for a pressing project or attending a family event, individuals must weigh immediate demands against long-term priorities, ultimately making choices that align with their values and resource constraints.