By Mita Chaturvedi (Miranda House) and Amartya Bhargava (IIT-Delhi) In June 2019, the social media giant Facebook formally unveiled its plans to launch a new cryptocurrency in 2020. Facebook says that it will have little to do with the decision making in this currency- but recent scandals have led to many distrusting the company. This, [...]
Now, when someone from a relatively inferior group tries to marry into a so-called superior group, it supposedly ‘hurts’ the latter’s ego, and their fraudulent honor. And to relieve themselves of the lifelong disdain from other members of the society, the parents decide to kill their own blood and the lover.
Dan Ariely proves the irrationality of the rationality that the human race prides in with some of his shocking and counterintuitive research. Be prepared to be amazed! http://youtu.be/9X68dm92HVI
http://www.ted.com/talks/mariana_mazzucato_government_investor_risk_taker_innovator "We have to change the way we think about the state." says Mariana Mazzucato and here is an amazing video that will help us make this transition in our perceptions about the role of state.
"Adding options to people's lives can't help but increase the expectations people have about how good those options will be and what that's going to produce less satisfaction with results even when they are good results" Psychologist Barry Schwartz takes aim at a central tenet of western societies: freedom of choice. In Schwartz's estimation, choice [...]
Ever tried something absolutely absurd or silly (even wicked for that matter ) to confuse your opponent, which led to you winning a game ? So imagine, that you are standing at the edge of a cliff, chained by the ankle to someone else. You'll be released and one of you will get [...]
Availability Heuristic refers to how easily something that you've seen or heard can be accessed in your memory. People tend to think of things they remember, as more important, than things they don't remember as easily. It is a mental shortcut that relies on immediate examples that come to a given person's mind when evaluating [...]
Here are some interesting and quirky facts and figures about one of the world's most intriguing economic(and of course political) entity...China. China is the world's second largest economy after formally overtaking Japan in 2011 China's economy grew 7 times as fast as America's over the past decade(316% vs. 43%) GDP per capita of China is the [...]
Proponents of globalization say that it helps developing nations catch 'up' to the industrialized nations much faster through increased employment and technological advancement and Asian economies are often highlighted as globalization's success.Critics of globalization say that it weakens national sovereignty and allows rich nations to ship domestic jobs overseas, where labour is much cheaper.so, what [...]
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