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

Wikipedia and Indic Contestations

There is an interesting post by Dr. Subhash Kak on the medium. The post is titled “Wikipedia or Trashpedia”. It is a post or a rant or an exasperation or warning but nevertheless posits few pointers good or bad that cannot be ignored. Its contention is the on the nature and content of Wikipedia when it comes to dealing with non-European or non-Western cultures. Without doubt Wikipedia is the numero uno when it comes to information. It is perhaps the largest repository of information and to boost the same, it is dynamic. Hardly any information repository has come close to Wikipedia in achieving the compiling of information about almost everything under the sun and beyond in such a short period of time. It’s business model so as to speak has been of difference which has brought in numerous books and publications that extoll it to be classic example of what lies ahead in our production, distribution and consumption models. It is deemed as perfect platform for the emergence of what Toffler had long coined the word ‘prosumer’.

 

Indubitably, Wikipedia is the first source of information for many. It might be considered as a fringe in scholastic circles but to a common man or a woman, it is the source of information about anything they desire to seek about. A satisfaction of curiosity happens through glance at the Wiki rather than browsing through high end scholastic encyclopaedias. Britannica might command respect but its price makes it unaffordable to many. To scholars, the research on information they garner through Wiki is just a beginning and their research is based on hundreds of sources. While they might not cite Wikipedia to boost their conclusions, they might very well begin their journey from Wiki. To a commoner, the Wiki is often an end in itself. In that context, Wiki propagating thrash could be of serious concern.

 

Wikipedia builds its production process through crowdsourcing. It is something akin to a Tom Sawyer economy. People contribute to the same for many reasons. It could be just the joy it gives in contribution to reciprocal altruism to an outcome of backward bending labour supply curve to fulfilment of what psychologists term the need for achievement or need for affiliation. A detailed analysis of the same has been captured in this post.

 

Wikipedia has some great entries in the fields of sciences. As Dr. Kak points out, it is in respect of the non-Western subjects that Wiki creates a biased information flowing out of the same. Wikipedia revolved around what it called the meritocracy. Its principle was people begin to contribute to Wikipedia. If there were to exist errors in entries, there would be immediate corrections by the others. The Wisdom of Crowds to borrow from James Suroweicki, would ensure the Wiki remains error free. Furthermore, Wiki mandated its contributors to cite each of their entries. Thus there would hardly be opinionated source but the information would flow from well-established and cited sources. The scope for plagiarism thus would be very low or even zero. The collective intelligence of editors would ensure the corrections are dynamic. Moreover, the appointment of editors differed from conventional means. The scholarship was not the criteria but their constructive contributions to building the repository was. If the editor would contribute in building the encyclopaedia and faced zero to negligible changes to the content posted by him or her, he/she was deemed scholastic enough.

 

Yet, the meritocracy has given shape to what one can term as editor capture or content capture. Once the editor progressed sufficiently high, it is in their self-interest to prevent others from competing with them. There is a significant possibility of cartel being formed in the editors which would erect significant barriers of entry for the others. While the mission of Wikipedia was to project a neutral stance, there was always a possibility of building inconvenient data or information as thrash. This was perhaps not possible in some areas or disciplines in the Western context but was relatively easy in the subjects pertaining to India etc. In the Indian history, culture, society context, the left cartel had already projected its version as the only version of these subjects. Anything contrary was revisionism by the Hindu right which thrived on rhetoric rather than scholastic backing and thus not worthy of merit. The left in India was very quick in identifying the potential of Wikipedia and captured it pretty fast. They significantly moved quickly even to capture regional language versions. The right had no plan to capture or contest Wiki. As Dr. Kak’s post indicates, they continue to dismiss as thrashpedia without understanding the mind space it has captured in the common man/woman.

 

While Dr. Kak might be right in thrashing the current content posted on some topics, the fault lies to great extent on the right itself. In India, the right has been too obsessed with the text books and remained oblivious of change happening in the digital domain. These changes were and are transforming the way we produce, distribute and consume information. For long, the right wing dismissed these with disdain talking it carried no value. In fact, Dr. Kak’s proposition itself is a symptom of the same though in the end he does call for the creation of Indian Wikipedia. Sometime back, this post did discuss the way forward for the dissemination of Indic thoughts in the digital domain. It recognized the battles for Indic thoughts do not lie in the erstwhile brick and mortar model but lie in the digital space where Wiki and other similar tools are commanding significant market share.

 

The right must come out of denial of the digital space that is opening numerous possibilities for knowledge dissemination. It is relatively easy to dismiss Wikipedia and like as thrash but the manner in which they changed the assimilation of information is unparalleled. The focus on text books must end. In fact, text book content committee itself is likely to go through Wikipedia for inclusion of content. The search begins through Google and Wiki. There are thousand things wrong on this but the right wing in the Indic context must realise they need to adopt the same modus operandi to build an alternative ecosystem. The ecosystem that emerges must be bottom up. The contributions must come from each and every one commoner and not restrict to the contributions of the elite.  In fact, there is strong visibility of elitism in the Indic right wing though it was the bottom up social media revolution that made them possible to occupy the current slots. They would not let go this opportunity. They want to capitalize on the same and capture positions in the text book committees etc. to secure the privileges. Apparently, Hindu renaissance is the least of the priorities. Unless these priorities are sorted out, the things will remain as status quo.

 

 


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