By Surbhi Bassi, St. Stephen's College, University of Delhi 14 February 2019 marked 14 years of YouTube, the revolutionary idea that changed the way we know video-sharing. YouTube -the most popular video-sharing site on the web today- is estimated to be worth $100 billion. But how did it come into existence? Well, the answer is [...]
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
"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 [...]
In 2013, international migrants sent $413 billion home to families and friends —more than 3 times the total global foreign aid (about $135 billion). This money, known as remittances, makes a significant difference in the lives of those receiving it and plays a major role in the economies of many countries. Economist Dilip Ratha, the [...]
Watch John Perkins spill out the secrets to how economies are twisted by the arm to suit the convenience of the corporates. Country after country becomes nothing but a puppet; from bribery to assassinations, every trick in the book is used. 27 minutes that will change your perception of the world https://www.youtube.com/watch?v=XWuAct1BxHU
This 6 minutes video talks about the limitations of our existing economic theories which model the economy as a closed system separate from social, environmental and cultural factors and introduces a new economic theory emerging under the name of heterodox economics. https://www.youtube.com/watch?v=dRz3WWbTUew
https://www.youtube.com/watch?v=CXGvBb7sfig&app=desktop Watch this video and find out for yourself why 2008 was such a surprise and how the rational consumer isn't so rational after all. Can a new science that aims to incorporate human psychology with economics - behavorial economics - help us make better decisions?