Showing posts with label books. Show all posts
Showing posts with label books. Show all posts

Friday, September 16, 2011

A See-saw of Democracy

Black swan(book i'm now reading) is quite difficult to understand, especially for someone like me whose only knowledge of philosophy is limited to the syllabus i studied in the moral science books during my school years .I wonder if moral science is categorized under philosophy, because all i remember reading in those books are anecdotes describing how good deeds are rewarded, how to imbibe good values within oneself........ etc,etc.
While reading The Black Swan i came across two philosophy terms-Mediocristan and Extremistan,which i am proud to claim to have understood them(at least superficially). Black Swan illustrates Mediocristan as "When the sample is large no significant instance will significantly change the aggregate or total". Mediocristan refers to the Indian middle and lower class  which outnumber the remaining and overrule any singular event which is executed with an intention to impact the masses in a bad/good way. In other words the effect imposed by any element which lie outside the periphery of Mediocritanism is very subtle and can be easily mitigated by the masses which have major contribution to overall average.For example, events  like 26/11 which was a singular and major event perpetrated to destabilize the nation did not have lasting effect as they(perpetrators) had wished for, after a couple of days of mourning the entire city of Mumbai got back to its daily routine,this is where Mediocristanism played its part.
Extremistan is exactly opposite. According to the book "In extremistan, inequalities are such that one single observation can disproportionately impact the aggregate ".Best example of Extremistan is Indian government's yesterdays decision to increase the fuel price, this although a singular event had a huge impact on the aggregate i.e Indian public.Another example is 9/11 ,a singular event but had enormous after effects resulting an altogether shift in paradigm as far as issue like security is concerned.
One positive trait of any democratic nation is its ability to switch between Extremistan and Mediocristan attitude.For instance, when it comes to increase in fuel prices we adapt to extremistanism and accept that  increase in price was done out of necessity owing to decrease in rupee's value as opposed to dollar.We allow the price hike to affect us until we get used to it and the new rate of Rs.71.83 per litre becomes a new normal.
But when it comes to social/security issues -Mediocrity rules.I have already explained how we switched over to mediocritism when dealing with 26/11 after math.But what about issues like corruption,which side do we switch to?Remember the Lokpal saga?, when Anna Hazare protested for the Lokpal Bill we switched over to Extremistan and collectively made ourselves vulnerable to be impacted by this singular event(Anna's 15 days fast).When government made a blunder by arresting Anna,which was against the basic rights offered by constitution we felt the unbalance created by the governement between mediocristan and extremistan.This aggravated the scale of protest and government had no option but to relent before Mediocristan.Mediocristan Rules!.
My point is, democracy is like a game of see-saw between Mediocristanism and Extremistanism where the people have to be aware of the issues they are facing and not allow any trivial issues to affect them.Also they should switch over between these two categories wisely for the purpose of greater good.
   

Friday, September 2, 2011

Making the right choice

How good are we at making choices?.Are they rational enough to lead you to a desirable conclusion?
Well, at the end of the day if we get the thing we want, in the state we want we say the choice we made was right.If we end up getting an undesired result we think our choice has not been rational enough or the choice we made was perfect but some other unintended factors tucked their heads out and altered the path of the result which was heading our way.
Ok, to get to the point the reason why i'm babbling about decision making stuff is because i happen to read a book on behavioral economics--Predictably Irrational. BTW Behavioral Economics has nothing to do with the stock market or the bond market or any other kind of monetary jargon and can easily be understood by anyone.As every other behavioral economics book this one also digs into thought process of decision making but not so deep so as to enter its philosophical aspect. Rather it studies the external parameters which affect this decision, varies them(the parameters) freakishly until the decision-maker takes a u-turn and selects an option which previously sounded completely irrational or in some cases never even thought of.
Here are some books I've read/reading/to read on the same subject:

      
  FREAKONOMICS
 This one's a best-seller written by an economist who hates maths! and digs deep into massive amount of data to
find a hidden parameter which acts as a decisive factor in the entire transaction.











SUPERFREAKNOMICS
 This book is sequel to Freaknomics, contains more anecdotes supported by the data posing crazy questions like-Can Kangaroos save the planet!!!





So go ahead, grab one of these and learn to make choices the right way!

Wednesday, August 10, 2011

Brushing up your Science

Some people are never satisfied with all the knowledge they have gained and are hungry for more.One such person is Bill Bryson, by profession a journalist,an author of over half a dozen books this person was not satisfied with the knowledge of science he had and felt was not delivered in a proper way in high school.This prompted him to leave everything aside and study the study of everything in science and probably everything inside the universe,yes he studied the study of everything since he has not discovered anything but has simply tucked in the findings of all the actualities together in 500 pages book in lucid way so that a commoner can understand them.
Also in some way he seems to indirectly taunt the high school science teachers "Look this is the right way to teach  science" by making science as interesting as possible, and by giving accounts of the great brains behind discoveries(and believe me they are worth reading).Speaking of Discovery a regular science stream student might find it reading the transcript of a science show on the Discovery Channel(although its not that way literally) but what makes this book special is Bill Bryson's special writing skills all utilized to make the inexplicable as comprehensive as possible.      
Related Posts Plugin for WordPress, Blogger...