The trap of the sunk cost fallacy

The other day while browsing through my feed on Quora, I came across this wonderful concept of economics which can be extrapolated to the realms of psychological decision-making and was surprisingly intrigued by its impact on our lives. The sunk cost fallacy affects us in a subtle manner almost every day and we being completely oblivious to its existence let it get the better of us. However, the mere realisation that it exists can do wonders to our productivity and our decision-making abilities. Continue reading

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Unravelling the enchanting mystery of poems

The woods are lovely, dark and deep.

But I have promises to keep, and miles to go before I sleep.

And miles to go before I sleep.

Stopping by the Woods on a Snowy Evening“, the magical creation of Robert Frost beautifully summarises the essence of human lives. Our heart is tempted at various junctures to devote ourselves entirely to pleasure, we wish to savour the beautiful moments for a little longer but the pressure of obligations is what keeps us going and that is how life is supposed to be.

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Rexit: Taking note of Raghuram Rajan’s achievements as RBI governor


Raghuram Rajan: The hero India needed but not the one India deserved

Raghuram Rajan, perhaps the only ‘Rockstar’ in the world who is not an entertainer, commands an immense amount of respect globally for his strong grip on matters of economics. Taking the charge of the RBI Governor when the Indian economy was in a state of despair, Rajan has performed exceptionally well. His resume is too good to be true. Continue reading


On Simplicity and Virat Kohli

Simplicity is the ultimate sophistication~ Leonardo Da Vinci

Our lives are enigmatic these days. In fact, we insist on making it complicated. We are so obsessed with complexities that we like to adopt mannerisms and habits that are modern, different and unique. While creativity and improvisation may work for some people (the outliers), it is the adoption of simplicity that requires a great deal of self-restraint and produces more consistent results for the commoners. Continue reading

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The One with the Everlasting Impact!

There aren’t many things that leave an everlasting impact on our lives. And there are even fewer things that teach us an entirely different way of experiencing life.


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On the science vs. social science debate

There has been a long-standing discussion on the nature of economics as a subject. Various erudite scholars and experts have held different views regarding whether economics is a science or social science. To develop a viewpoint on this matter it is important to understand the disciplines of science and social science inside out.

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On the origin of “economics”

“Which modern day subject of study derives its name from the ancient Greek word ‘oikonomia‘ meaning the ‘the rules or management of a household’?” This was a question that I encountered in one of the quizzes that I was participating in, way back in high school. Although, economics had been formally introduced to us as a subject but I was completely unaware of the etymology of the word ‘economics’. Continue reading

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A tribute to the flamboyance of a legend

Overconfidence is regarded as a bad trait to possess. It is something which leads to the downfall of even the most iconic and powerful individuals. One heretic who has completely defied this dictum is Muhammad Ali. He famously proclaimed himself to be ‘The Greatest’ and rightly justified his proclamation throughout his life. Continue reading