NOĒSIS

Reading List – 16th Nov, 2013

1.) What happened during the US Government shutdown? Article: US Shutdown 2.) How did “Volvo” become synonymous with luxury AC road travel in India. Case Study: Volvo- India 3.) The secret world of cargo ships. A brilliant story of how cargo gets moved across the world, in most cases the people moving them having no…
Reading List – 9th November, 2013

1.) How does the pirates business model work? An interesting article on financing Somali Pirates. Article: Somali Pirates 2.) Would you work harder if you were given a raise? A new Harvard study says yes, but only if it came as a surprise and you thought that you were already being paid the “going rate”.…
Reading List – 2nd November, 2013

1.) The article emphasises the fact that life is random and can not always be explained by numbers. It also makes a point that we are prone to exaggerate the consistency and coherence we see. As also pointed out by Daniel Kanheman in his book. Article: Here 2.) The letter of Benjamin Franklin that made…
Payments, Banking and Cost implications of cash – India

Electronic Payments have always intrigued me. I have written about this in the past. I was reading through a few more documents on electronic payments and read through the Reserve Bank of India Vision Document on Payments. Quite an insightful document in terms of statistics. However, my feeling was it doesn’t quite clearly layout the strategic…
Reading List – 26th October

1.) The article talks about the concept (and practice) of owning shares of an individual! The investors invest in an individual and hope to make returns which form a percentage of the individual’s future income. Uncomfortable situations may be that your investors will vote to decide if you want to have a moustache or if…
Reading List – 19th Oct

1.) Talking about the book “Permanent Present Tense” (Basic), by Suzanne Corkin, the article tells us the story of a man who inspired the story of “Memento“, the English movie. Article: Memory Some interesting definitions/lessons from the article: Retrograde amnesia- victims are unable to retrieve some or all of their past knowledge. Anterograde amnesia – victims…
“For what it’s worth…

“For what it’s worth, it’s never too late, or in my case too early, to be whoever you want to be. I hope you make the best of it. I hope you see things that stop you. I hope you feel things that you never felt before. I hope you meet people with a different…
How can Decision-making be Improved?

Found an interesting paper written by Katherine L. Milkman, Dolly Chugh and Max H. Bazerman on the topic. The paper broadly talks about System 1(intuitive) and System 2 (explicit, effortful) of decision making and points out three ways of moving from System 1 to System 2: a.) Gather historical data and analyse. b.) Look at the…