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Showing posts with the label Hinduism

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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Judiciary and Hindu Sentiments: Some Notes

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  A couple of judicial orders relating to freedom of expression and Article 32 among others attracted attention in the last few days. There was show ‘Tandav’ which apparently showed Hindu gods in a poor light. This naturally led to an out roar and leading to filing of complaints. The actors and producers and writers of the show were complained about. As police registered FIRs at multiple places, these grieved parties approached the Supreme Court for stay on the FIRs and anticipatory bail for the same. The Supreme Court refused any interim protection. Similarly in Madhya Pradesh, a stand-up comedian and his team were arrested for allegedly hurting the Hindu sentiments in their show. They approached the High Court for bail which rejected the same. These two issues have again opened up the wide debate on the freedom of expression and the limits that apply to it.   Unlike in the US where the freedom of expression is absolute, freedom of expression in India is subject to reasonable rest
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Wikipedia and Indic Contestations

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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 Toffl
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Indic Cultural Exports: Way Forward

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Cultural exports, numerous shortcomings apart, defined both US and British successes positioning them as a sort of aspirational society at different points of time. Interestingly at one point of time, French was a symbol of elitism in British society. To enhance the chances of upwards social mobility in British milieu, one had to speak and act French. It was not unlike Urdu of current Indian liberal elite described in the piece “ Urdu and Anti-Establishmentarian Movement: Dominant Strategy ”. Within a century or so, Britain could turn the tables around and emerged as the cultural superpower across the world. While Britain might be in a terminal decline, its colonial hangover lies in the cultural sphere where its bouquet of creations still pervade across the world. From dress sense to cricket to hill stations to way of life, British cultural creations perhaps stood way above the rest.   US as it expanded into a military superpower developed its own complement of cultural offe
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