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Showing posts with the label Hindu Muslim relations

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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Shaheen Bagh and the Fallacy of False Equivalence

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As Delhi continues to be rocked by violence instigated by anti-CAA crowd, there apparently an orchestrated movement on the part of mainstream media to build an equivalence between pro-CAA groups and anti-CAA groups. It is sought to be projected if there was violence, the anti-CAA was not alone in its culpability. The perception that is sought to be given is they were provoked by pro-CAA groups who should be held responsible for flare-up. There might be a provocative statements by those counter-protesting against Shaheen Bagh or Jafrabad. Yet these protests were seemingly a reaction to the nearly three month standoff between anti-CAA ‘Dadi’ crowd of Shaheen Bagh. While there cannot be condoning of violence by any individual or group, to the media perhaps it is an occasion to paint false equivalence between the two communities. Without doubt, an intentional attempt to create an equivalence so that the other side too has to pay for the price. Sacrifice of pawns by Shaheen Bagh crow
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The Diminishing Returns of Woke

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Roger Scruton who passed away recently had a reputation for being eternally politically incorrect. Individual preferences are an outcome of several factors. In theory, the right of free speech mandates the protection of these preferences unless it encroaches through a process of physical or mental harm the exercise of preferences of another individual.   In the context, individual could mean group too, an aggregate of all individual preferences in that group. Yet private preferences when expressed in public often create a storm because ostensibly they are not deemed to be views of educated, polished, cultural, literate person. To exhibit one’s literacy, polishness, education etc. individuals are expected to rise above narrow strata of thought, parade their cognizance of the injustices apparent or real across the world around them and must be seen to stand for the alleged victims of these professed injustices being meted out. This is something has come to be termed in popular circles
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