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Showing posts with the label intersection movement

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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Counter-Cultures- Some Notes

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  The recent arrest of activists on grounds of anti-India activities does portend a disturbing signal. The signal is about the activists engaging in anti-India acts and perhaps treating them as anti-establishment or anti-government acts. There is a difference between anti-government and anti-country. Yet there is a very little distinction in the minds of these activists as they seek to move past that line however thick it might be into a realm of anti-national. In quite a number of cases, it is evident, there is a political thought that is behind the line of thinking. There are egged on political ideologies to combat the existing government and the establishment on a number of grounds and seek to foster disunity into the country. An instance of the same was the JNU protests and the chants of Tukde Tukde Bharat. This was overtly political and the activists knew of their intentions. But what is surprising in recent times, is activists from overtly non-political areas like environmentalis
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