Artnet specialists Jason Rulnick and Sylvie François Sturtevant discuss the nuances between "scarcity" and "rarity" in the market.

Today, Quibb, an online discussion board frequented by a select cadre of tech professionals and entrepreneurs, provides a more recent example of the scarcity heuristic at work. Quibb is curated by its ...

Economics is the study of how we use our limited resources (time, money, etc.) to achieve our goals. This definition refers to physical scarcity. In a recent book titled Scarcity, Mullainathan & Eldar ...