
Strong evidenceThe research
- Worchel, S., Lee, J., & Adewole, A. (1975). Effects of supply and demand on ratings of object value. Journal of Personality and Social Psychology, 32(5), 906–914.
- Lynn, M. (1991). Scarcity effects on value: A quantitative review of the commodity theory literature. Psychology & Marketing, 8(1), 43–57.
Journey 8 · Abundance
The Two-Cookie Jar
People rated identical cookies as more desirable when they came from a jar holding two than from a jar holding ten. Scarcity alone made the same cookie seem more precious.
Source: Scarcity and perceived value · Strong evidence
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