Bad at Magic

Episode 4 – Scarcity


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Show Notes: 

  • Intro and Leftovers (0:00-13:16) 
    • Ben gets 500 shares of ODP 
    • Bank accidentally deposits $120,000 in couple’s account; they spend most of it, then get charged with theft 
    • In the Year 2000… 
    • Is Josh “the life of the party” or an introvert? 
  • Bad at English AKA British Word of the Day (13:16-15:21) 
    • “Crocodile nearest the canoe” 
  • Magic: the Gathering and the player psychographics (15:21-24:21) 
    • Timmy, Johnny, and Spike by Mark Rosewater – March 2002 
      • The basics of the 3 player psychographic profiles 
    • Timmy, Johnny, and Spike Revisited by Mark Rosewater – March 2006 
      • Expanding the definitions and adding Vorthos 
  • Kids and Cell Phones (24:21-33:53) 
    • South Park: Mr Biggles [WARNING: language] 
  • Avril Lavigne vs. the St. Louis Symphony Orchestra (33:53-49:18) 
    • Avril Lavigne says Lyme disease symptoms left her in bed for 2 years 
    • Review: Avril Lavigne, in Chicago on her first tour in five years, proved she is still pop’s punk princess 
    • The Chicago Theater & St. Louis’ Powell Hall 
    • Setlist.fm – the Setlist Wiki *MUST SEE* 
    • Review: An inspiring Mahler ‘Resurrection’ Symphony at Powell Hall 
  • Scarcity: the new science of having less and how it defines our lives (49:24-1:42:50) 
    • Understanding the Mindset of Scarcity 
      • The Focus Dividend: the benefit of scarcity that helps you zero in on the important thing 
      • Tunneling: filtering out non-essential things to focus on the scarcity 
      • Bandwidth tax: things outside the tunnel that get neglected because of tunneling 
      • The University of Minnesota starvation experiment 
    • Understanding the Impact of Scarcity 
      • The Scarcity trap: having scarcity causes you to make bad decisions that perpetuates the scarcity 
      • Slack: an abundance that allows you to absorb unexpected shocks to the relevant resource 
      • Shock: something unexpected that stresses your resources and causes scarcity 
    • Applying the lessons of that Understanding 
      • Freakonomics was by Steven Levitt and Stephen Dubner, Ben 
      • The Strategic Cost of Cumulative Overhead, by Ben Rich on LinkedIn.com 
      • Ben’s Home vs. Deployed productivity pie chart from 2011 
      • Life is Chores, Highness 
  • Wrap-Up (1:42:50-end) 
    • Please Like us on Facebook
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