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Showing posts with the label Donald Trump

Decision Making as Output and Bounded Rationality

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  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
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Some Thoughts on the US Presidential Elections 2020

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  The US presidential election is just over a month away. The early voting has started. There are already accusations of fraud in mail-in voting. While Democrats want to exercise mail-in voting, the Republicans are not. The latter smell some dirty fish in the exercise of postal ballots. Not too long ago there was talk of US Post deliberately delaying delivery of postal ballots so as to not reach on time to the counting centres. There is no doubt, legal battles are shaping up over the postal ballot and their validity. With the conservatives having upper hand in the Supreme Court, it seems they might enjoy some advantage. If Judge Amy Coney Barrett is confirmed before the elections, it might lead to a 6-3 advantage for the conservatives in the Supreme Court.   Nightmarish scenarios are being worked for both Democrats and Republicans. Widespread reports suggest better than expected performance from Joe Biden in the first Presidential candidate debate. Yet, the reaction of Democrats sy
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Is Trump 2020 Mirrors 1968?

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The US violence over the death of George Floyd has assumed greater proportions. It is increasingly shaping up the divide that exists in the US. Its spill overs are threatening across Europe and other places too. Irrespective of the immediate cause, it is apparent that the Antifa among others have hijacked the protests towards their own narrow ends. The liberal game plan is unfolding to the extent even the articles or newspaper columns by the anti-protest commentators are not being allowed to publish. Given the state of the ecosystem, many commentators are drawing parallels to similar protests in1968. To many, it seems that 2020 elections might go the way of 1968.   Niall Fergusson, the noted conservative commentator however differs on this assessment. In his article, he assesses that while 1968 in many ways ended the Presidential campaign of incumbent Lyndon Johnson thus forcing him to withdraw, current incumbent Donald Trump might actually benefit from the same. The year 1968 was
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