My Tryst with Reverse Auction: Concepts, Chaos and Connecting the Dots…

I recently participated in a tender process which culminated in a Reverse Auction. It was an insightful experience for me and hence I thought of sharing here. For the uninitiated, Government departments or Public Sector Undertakings (PSUs) award contracts via tendering process. The bidders are evaluated on the basis of total value (i.e. Technical + Commercial)... Continue Reading →

Idea of Fairness

Economists agree about efficiency. That is, they agree that it makes sense to make the economic pie as large as possible and to bake it at the lowest possible cost. But they do not agree about equity? Not really. They do not agree about what are fair shares of the economic pie for all the... Continue Reading →

RIP Daniel Kahneman

Daniel Kahneman, who changed psychology and economics forever, dies at 90. He is best known for his behavioural economics theory (cognitive biases and heuristics) for which he won Nobel Prize. His book Thinking Fast and Slow which became a huge success is one of the top few books which very few have read completely. Here... Continue Reading →

Raghuram Rajan Is Braking The Mould

Raghuram Rajan is one of the most articulate and balanced thinker India has in the current era. I find him very logical and persuasive in his arguments and agree with most of his views (well, also because he is a Congress sympathiser and hopefully he'll become a FM some day). He recently co-authored a book... Continue Reading →

मराठी पॉडकास्ट: Economics and Life ft. Dr. Ashish Kulkarni

काल अचानक शोधता शोधता स्वप्नील करकरे याच्या Youtube चॅनेल वर येऊन थांबलो. माझा Linkedin वरचा connect स्वानंद केळकर याची ह्या channel वरची मुलाखत दिसली. त्याबद्दल पुढच्या ब्लॉग पोस्ट मध्ये लिहीन. पण त्याच वेळेस अजून एक चर्चा नजरेस पडली ती म्हणजे डॉ. आशिष कुलकर्णी या इकॉनॉमिक्स च्या प्रोफेसर ची. स्वप्निलच्या चॅनेलचे नावाचं "econगल्ली" असे आहे. त्यावर तो Economics... Continue Reading →

Create a free website or blog at WordPress.com.

Up ↑