Wednesday, August 11, 2010

Genetically Irrational

Cant blame us for being irrational. Its in the genes afterall. Nice video on TED


7 comments:

Vani said...

I think the premise of her research and the parallels she tries to draw between monkey behavior and human irrationality when it comes to money or compensation is flawed..she creates an artificial situation/test and somehow tries to link it to human behavior..when it reality things are not as simple as choosing between 2 objects..taking risks for a better outcome is not irrationality but part prudence part greed..something which may be behind every human advancement...


Btw just because something is on TED doesn't mean we should lend it too much credence

Raja said...

Thanks for the video link. I liked it very much.
You have a nice blog. Reading all your past posts. Hope you post more often :)
Regards
Raja

Ninad Kunder said...

Hi Vani

Thanks for ur comments.

Let me at the outset say that when I post video as "interesting", I am neither subscribing or refuting what the author is trying to say. I m just stating that it is a talk worth going thru or spending 5-10 mins of one's life on it.

Whether I agree on the basis of the research or the findings is a different story.

In my understanding I dont think the author is trying to dissaude risk taking. She is just pointing out some of the irrational behaviours that we display and she has demonstrated "Loss aversion" as an example.

Cheers

Ninad Kunder said...

Hi Raja

Thanks for dropping in. I also wish that I could post more :-)

Cheers

Ninad

Raja said...

Hi Nihad,

I write one Organic Kitchen Gardening on my blog. Do visit, if it's of interest to you.
Are you keeping track of GoodYear ?

Do you think now it can be a pick in the framework for 'positioning for luck' ?

Regards
Raja

rayhaan said...

hi ninad , wot are ur views on the pioneer distilleries arbitrage oppurtunity?

Ninad Kunder said...

Hi rayhaan

Havent analysed it in depth but prima facie didnt look too attractive factoring in the acceptance ratio and the current spread available.

Please free to share with me if u have a alternate view.

Cheers

Ninad