Economic Behaviour Entropy | 29 May 2010
“Human beings have a seemingly fundamental tendency to compensate for lower risks in one area by taking greater risks in another.”- Malcolm Gladwell Although we may not always recognize it, this world view, have had a profound effect not only on science, economics, engineering but also on philosophy, and societal relations. The twenty-first century have [...]
Economic Behaviour &Globalisation Entropy | 26 May 2010
The idea is essentially repulsive of a society only held together by the relations and feelings arising out of pecuniary interests. – John Stuart Mill As always incisive & eloquent piece by NYT Columnist Roger Cohen .. Pl read on .. Toilets and Cellphones I was intrigued to learn the other day that there are [...]
Economic Behaviour &Globalisation Entropy | 19 Apr 2010
This is an evocative essay by Stuart Kauffman a respected author, experimental and theoretical biologist, on senseless lunacy of money & greed. Makes us wonder, what kind of a society we exist in, who makes the rules and how one makes money, without really earning it … How powerless & helpless we have become as [...]
Books &Economic Behaviour Entropy | 16 Mar 2010
In an era of ever-expanding choices, HOW WE CHOOSE addresses the simple-yet-mystifying question : How do we know what we want? The answers are strange, impressive, and profound. Sheena Iyengar, a Columbia University professor whose work on choice is widely recognized and cited looks into the heart of what we desire– and what we think [...]
Books &Economic Behaviour Entropy | 08 Jan 2010
The discipline of economics is not what it used to be. Over the last few decades, economists have begun a revolutionary reorientation in how we look at the world, and this has major implications for politics, policy, and our everyday lives. For years, conventional economists told us an incomplete story that leaned on the comfortable [...]
Books &Economic Behaviour Entropy | 05 Oct 2009
Wish to share an excerpt from insightful NYT Book review, a relevant Book published by Princeton University Press. This Time is Different: Eight Centuries of Financial Folly Carmen M. Reinhart & Kenneth S. Rogoff This Time Is Different presents a comprehensive look at the varieties of financial crises, and guides us through eight astonishing centuries [...]