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Showing posts with the label digital surgical strike

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

Tik Tok Popularity and Government Ban- Some Thoughts

As India-China tensions continue to rise with so signs of de-escalation, India began a new front in the digital space. India has banned on grounds of national security some 59 mobile apps owned and operated and by the Chinese. These include the popular Tik Tok, ShareIt, Weibo, Wechat among others. There might be an expected reprisal from China but that should hardly deter India from taking further steps. These are the baby steps in signalling India’s intent to hit where China will feel the most. The biggest signal yet will be when India bans Huawei from it building and managing the 5G infrastructure in India. Aside of the ban, it would be interesting to see how China will feel the same. TikTok for instance is very popular in India and was expected to be big revenue spinner or in other words, a BCG star going forward. Digital apps function on a lock-in paradigm and given the Indian use patterns of Tik Tok, some feel that it might boomerang on India without corresponding impact on China.