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Showing posts with the label political communication

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

Political Communication and the Tenali Rama Problem

  The farm bill protests seem to take Delhi by siege. Yet the predominant proportion of farmers protesting are from a single state Punjab. The very nature of the protest does point towards enough indicators of a political protest being disguised as a farmer’s protest. The left liberal ecosystem in India that has long thrived on the patronage of the Congress and its lackeys is desperately creating a Ram Lila 2011 redux. More than the Ram Lila fast by Anna Hazare per se, it was the Congress response to it that effectively sunk the Congress. The Congress and its ecosystem is recover from the same and want to do a Ram Lila 2.0 on Modi. Yet their efforts so far have not fructified. The electoral victories have once again proved that Modi continues to be trusted and popular. The Congress is in serious danger of turning irrelevant. It is in this context one has to look the Punjab farmers protests which has shifted its action to Delhi.   The right wing on the social media and Twitter in pa