Loss aversion – grades

Let’s say you earn a monthly salary of $2000. You will get this salary banked into your account at the end of the month. In addition to the salary, you will get overtime salary, which amounts to a maximum of $1000. Let’s say your management propose to instead, bank in $3000 to your account at … Continue reading Loss aversion – grades

Difficulty in thinking about big numbers

I read Dan Ariely’s Predictably Irrational. It is a book about irrational actions, the psychology behind it and how predictable they are. In “The Context of Our Character, Part I: Why We Are Dishonest, and What We Can Do about It” chapter, it says that the total costs of all robberies in USA per year … Continue reading Difficulty in thinking about big numbers

Books I read (scientifically sound self help books)

I had once decided to make this blog strictly about computer science or technology only, but I think adding some personal touch to it is OK because this is my blog and people come to my blog not just to read facts but also my perspective on things. So, for the first time, this blog … Continue reading Books I read (scientifically sound self help books)