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Showing posts with the label Rudyard Kipling

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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WaPo and the White Man's Burden

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Protests against the Citizens Amendment Act might be the harbinger of the last stand in the civilizational battles between decadent Nehru-Marxian intellectual complex and the emergent mass Hindu resurgence. The intellectual public sphere sees every policy move of Modi 2.0 as another nail in their coffin. Nehru-Marxian post-independent narrative with the ostensible aim is to deracinate the Indian psyche is being dared like never before. Current violent manifestations are pointers towards a rear guard battle being waged by the erstwhile establishment self-styled public intellectuals. Given the high stakes for Nehru-Marxian establishment, a virtual existential battle, it turning uglier should not surprise us. The Indic psyche seems to be waking up from the long sufferings of Stockholm syndrome arising of long years of Islamic invasions followed by British rule. The first signs of the challenge emerged around the early 1980s, imaginably in part as reaction to Meenakshipuram conversi
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