Decision Making as Output and Bounded Rationality

  The classical economics theories proceed on the assumption of rational agents. Rationality implies the economic agents undertake actions or exercise choices based on the cost-benefit analysis they undertake. The assumption further posits that there exists no information asymmetry and thus the agent is aware of all the costs and benefits associated with the choice he or she has exercised. The behavioral school contested the decision stating the decisions in practice are often irrational. Implied there is a continuous departure from rationality. Rationality in the views of the behavioral school is more an exception to the norm rather a rule. The past posts have discussed the limitations of this view by the behavioral school. Economics has often posited rationality in the context in which the choices are exercised rather than theoretical abstract view of rational action. Rational action in theory seems to be grounded in zero restraint situation yet in practice, there are numerous restra

Denisovians and Mystery of Vanara and Asura


Doordarshan is telecasting Ramayana and Mahabharata daily. Apparently, along with other re-runs, Doordarshan seems to regain its mojo. Yet as one watches two epics in their serialised form, quite a few insights does emerge. At one point, they might be reinforcing the value based system. At another level, they are classical illustrations of societal structures and values of the period. They illustrate the life of a royal as opposed to someone a common man. There are political insights too. The intricacies of power play are well charted out. The role of women does not really build on the stereotype though barriers of entry exist. Castes’ too plays certain role but not in a way that society seems to have perceived to it exist for all over the years. In many ways. Ramayana seems to follow a linear society with high degree of order and hierarchy. Deviations would be frowned severely though they do exist. Mahabharata on the other hand, is a good example of complex society full of realpolitik. Intrigue is commonplace. Yet the current discussion is not about examining these aspects but a little different dimension of history.

In the Ramayana, Vanaras or the monkey tribe play a significant role along with Jambavan the bear. There are too many Asuras at each stage led by Ravan. As one observes Mahabharata, one finds very few of these almost on the fringe. Maybe there is one Bakasura, a Hidimba giving birth to Ghatotkacha. Hanuman too plays an elderly though passive role. Observing these differences makes one ponder on the origins of these tribes. Many explanations have ranged from them being tribal outside the mainstream to representing kingdoms that had monkey as their god, or bear as their kingdom deity. Of late Ravana has been discussed as the leader of Dravidians dispossessed by Aryans.

Yet in recent times, some new discoveries are leading to a different lines of thinking. It is well accepted that man evolved from the lineage of monkeys millions of years ago. Humans along with primates share a common ancestor tracing through some sources about 7 million years ago. Yet it is not something than man evolved suddenly out of the primate species. There would have been numerous intermediate stages perhaps lasting for thousands of years before the modern man first begins to make his appearance. Darwinian Theory posits the survival of fittest. There was a competition among several species and genes that led to survival of only who could adapt to their circumstances. Those who failed to adapt perished by the wayside.

It was widely believed at least till recently, that those intermediate species disappeared before the emergence of man. At best, some accounts would suggest a coexistence of few thousand years. Yet recent discoveries suggest something interesting. Those intermediate species perhaps co-existed for thousands of years and lived side by side. Some recent discoveries posit co-habitation of these species and they even ‘married’ each other. Their progeny would perhaps led to new species in themselves. In Russia, they are being termed Denisovians.

Denisovians perhaps represent an interesting missing links between primates and humans. It makes one wonder whether these new intermediate species played a far more significant role in human evolution than what one had believed so far. If this was the case, then it becomes relatively easier to decode ‘non-human’ presence in the Hindu epics and Puranas. It also demonstrates, these species were inherent part of the society and played a role near equivalent to modern man. Given the strength of Vanaras etc. it apparently seems Ramayana was earlier than Mahabharata. It also shows in some ways, that between Ramayana and Mahabharata these intermediate Densiovians or whoever they were disappeared which is missing in history or mythology. It also means that Harappan civilization might not be the first advanced civilization in modern terms. This might necessitate shifting of history backwards. If Harappan civilization preceded the Vedic age, then one must be prepared to date the civilization a few hundred or even thousand years before.

To many historians, mythology is not history as they cannot place in in time period suiting their views and findings. As more facts emerge, the evolution of mankind would take different turns. In India, Harappan civilization seems to have been placed at around 3000-2000 BC. Therefore to historians, any history cannot exist before the same at least in an advanced form. Therefore, the Vedic age has to be linked to the migration of Aryans from Central Asia to India and the only time period from their convenient point of view would be somewhere between 1500 BC and 700 BC. Therefore the epics have to be placed in this period. There were no known instances of Vanaras or Asuras in their examination of evidence. So they could not exist. Absence of evidence is not evidence of absence. The time frames have to be reworked. To Indian historians post Harappan to Buddhist era is virtually a dark period. Either it is so because of their inability to decode historical periods or deliberate attempt by Marxians to whitewash Indian history.

The discovery of Denisovians and the references of the Vanara, Asura etc. in the Indian mythology does point out to re-examination of history. History cannot be stereotyped into periods as existing today. As new facts emerge, the evolution of mankind acquires new dynamics which does merit rewriting the historical picture.  It does point out the Ramayana and Mahabharata along with other mythological stories were not per se events of recent history enriched through fictional accounts but somewhere in the far past when numerous pre-human species were co-existing with Homo Sapiens.


Comments

Popular posts from this blog

Decision Making as Output and Bounded Rationality

The Chicken-Egg Conundrum of Economics

A Note on Supply-Demand Dynamics