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Showing posts with the label Sunil Gavaskar

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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Celebrating Sunil Gavaskar

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On his seventy first birthday, it would be interesting to analyse the legacy of the only genuine and successful opening batsman in Indian cricketing history, Sunil Gavaskar. To many, he represented a perfectionist and one of the first superstar batsmen in Indian cricketing world. His legacy stands magnificently though it 33 years since he last played for India. When he retired, he was at a stage where he could walk into a World Dream XI. Not just that, it would not be surprising he was picked as an opener for the all-time World Dream XI.   He averaged over fifty in test cricket though his one day record was far less impressive. But then he played in an era dominated by test matches with one dayers just making their appearance. He began his career for Bombay and got selected into the Indian team touring the West Indies in 1971. There was controversy at the dropping of Tiger Pataudi as the captain (selection committee chairman Vijay Merchant used his casting vote to favour Ajit Wadek
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Chronicling Great Indian Test Victories of the Past

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Despite not winning the World Cup since 2011, Indian cricket has been on a roll. The dominance is strong, rarely challenged on home surfaces and currently on the leaderboard of the ongoing World Test Championship. Yet this was not the case long ago. In fact many captains like Sunil Gavaskar adopted safety first strategy and ensured India did not lose. It was world cup victory of 1983 that changed in many ways the Indians performed in cricket. However, there were turning points in Test cricket much earlier with series wins in West Indies and England in 1971. Indian victories often came through successful defense in the fourth innings than successful chases. Yet India acquired an aura in the earlier days of strong second innings performances. Many even wondered why India did not play the second innings first. The current pieces attempts to chronicle few great chases, some successful, some unsuccessful and some managing to salvage a draw. However, it is during the first sixty odd y
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