ELI5: Explain Like I'm 5

Fixed pie fallacy

Alright kiddo, imagine you and your friend both like cookies. There are 10 cookies on the table. Your friend says "I want 7 cookies" and you say "No way! If you take 7, there will only be 3 left for me!". This is what's called the fixed pie fallacy.

The fixed pie fallacy is when we think that resources, like cookies, are fixed or limited and if somebody takes a lot, there won't be enough left for the rest of us. But this isn't always true! Sometimes, we can make more cookies by using more butter and sugar and flour. Or we can share the cookies so everyone gets a little bit.

The same idea applies to things like money, jobs, and even friends. Just because someone has a lot doesn't mean there's less for you. You can find ways to make more or share what's there.

So next time you see a big pile of cookies or someone gets a shiny new toy, don't worry that there won't be enough for you. Remember that the pie isn't always fixed!