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Showing posts with the label Test victory

Decision Making as Output and Bounded Rationality

  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

Chronicling Great Indian Test Victories of the Past

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