I read this interesting post on LinkedIn: Why giving 3 options is better than giving 2 options? A few weeks back I was to a local juice shop. A girl came and asked for a glass of juice, he gave her a choice of two sizes (INR 40 and INR 50). She asked neither the... Continue Reading →
Just read this news that Harvard Prof Sendhil Mullainathan won (along with 5 others) Infosys Prize 2018 for science and research https://www.thehindu.com/sci-tech/science/six-professors-win-infosys-prize-2018-for-science-and-research/article25483977.ece I had watched Sendhil's TED talk and had liked it a lot! There are many economists of late who write and talk about behavioral economics, cognitive biases and nudge. This one is also... Continue Reading →
Much anticipated Hindi movie "Thugs of Hindostan" has released today across the world. Based on Philip Meadows Taylor's 1839 novel Confessions of a Thug, the movie tells us about a thug named Ameer Ali and his gang, whose nefarious ways posed a serious challenge to the British Empire in India between 1790 and 1805. The... Continue Reading →
"Coal has enjoyed nearly 200 years of continuous volume growth, with 1.6% annual growth in the past 100 years alone despite displacement of coal by oil in transportation." Good read on the relevance of coal / thermal. Substitution cost is just too high https://www.bcg.com/en-in/publications/2018/why-coal-will-keep-burning.aspx
I came across this article on LinkedIn, written by Raghav Bahl of Bessemer Venture Partners (Link: https://www.linkedin.com/pulse/unit-economics-matter-scalability-matters-more-raghav-bahl/) and thought of sharing. This is somewhat similar to a Marketing Assignment I had done during my MBA. Will write a blog on that some other day. Meanwhile, do check this article: I like entrepreneurs who think hard about... Continue Reading →
Today is 125th birth anniversary of Prasanta Chandra Mahalanobis - noted applied statistician and scientist. Google has posted a doodle honoring PCM's contribution in the field of Statistics and Mathematics. He is considered as the father of Indian statistical research. Here is a brief biography of PC Mahalanobis: Mahalanobis was born on 29th June 1893 in West... Continue Reading →
If you follow the Economics of emerging countries you would know that remittances from other countries back to the home country is a significant contributor in the development of that country! India has a huge population and equally huge number of migrants to various countries. There are regional pockets and affiliations based on decades of... Continue Reading →
My Prof at IIM-A once said that every subject in management has its roots in some mother subject. For example, he said, Economics has its roots in Psychology. Finance is a derivative of Economics (Micro-economics, to be precise). HR has its roots in Organizational Behavior, which in turn borrows from Social Science. Operations Management is... Continue Reading →
Union Budget of India for the year was presented on 1st of February 2018. The next day there was a session in Pune arranged by Marathi Daily Loksatta and anchored by editor Girish Kuber who is an eminent journalist, economist and author of many best selling books in Marathi including one on "Oil Economy". I... Continue Reading →
भारताचे जीडीपी (Gross domestic product or GDP) वाढीचा चा अंदाज नुकताच प्रसिद्ध झाला. आर्थिक वर्ष २०१७-१८ साठी तो कमी करून ६.५% इतका असेल. हा आकडा नवीन मोजणीपद्धती प्रमाणे आहे, जी २०११-१२ च्या सुमारास लागू झाली. जुन्या पद्धतीप्रमाणे हाच आकडा अजून कमी असता - कदाचित ४.५-५%. जीडीपी बद्दल एक सुंदर लेख नुकताच वाचनात आला. जीडीपी हा... Continue Reading →
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