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Reflexivity in daily life: A theoretical perspective - Harish Dhanasekaran

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 Theory of Reflexivity Generally in finance the " Reflexivity theory states that investors don't base their decisions on reality, but rather on their perceptions of reality instead " - George Soros. In other words, stock prices might increase or decrease the equilibrium values by a significant amount persistently over time. This is because the process of price formation is reflexive and dominated by positive or negative feedback loops between prices and expectations.  Reflexivity in our life We used to adhere to the principle of reflexivity without consciousness in actual life as well. Consider the following scenario: You are the batter and you observe a field for bouncers. As a result, you prepared for a bouncer on your positive loop or a yorker or some other deliveries on your negative loop. But what drives a person to choose a positive or negative loop?  Don't think it's just about the probability. Because it's not about probability, flipping a coin relies
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Does karma exist in reality or is it just a myth? - Harish Dhanasekaran

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 Have you ever questioned why everything horrible in your life keeps happening? Have you ever wondered why your life was becoming worse despite you trying to be a good person? If you believe in God, have you ever wondered why God allows such horrible things to happen to you? Does karma exist in reality or is it just a myth? I'm just expressing my perspective on life, how I perceive things, and how Annie Duke's (A Poker) book " Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts" has affected my ideology and outlook on life. Here's an illustration: Jack, a modest truck driver and Natasha is a compassionate woman who works for a financial company. Both of them had important things to do on a beautiful Monday. Before 8 a.m., Jack needs to deliver the box and Natasha needs to catch a flight. Due to their sense of haste, they drove their vehicles quickly, which resulted in an accident. They both passed away after that. So who made the erro
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Why Jack Ma, a moron, rather than Steve Jobs, Bill Gates, or Elon Musk, served as my inspiration - Harish Dhanasekaran

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 I've read more than ten biographies of billionaires, including Dhirubhai Ambani, Steve Jobs, and Jeff Bezos. when contrasting these individuals with Jack Ma. He is not a smart one among these peoples and occasionally acts like an idiot. But even so, he is the only person who inspires me a lot. You will undoubtedly learn some things about Jack Ma on this blog that you didn't know. Before I explain why he is my inspiration, I kindly ask that you guys to watch the following YouTube video and read the comments that have been left there. A discussion between Jack Ma and Elon Musk is shown in this video. https://www.youtube.com/live/f3lUEnMaiAU?feature=share I'm sure you laugh a little while reading the comments.  In the early days of Alibaba, Jack personally advised some workers to take a quick break and return, once Alibaba's financial issues were resolved. Because he can't afford to pay the employee's salaries in his early years. Alibaba sorely required a financia
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Discuss, Innovate, and Eradicate Economic Hardship through Poor Economics - Harish Dhanasekaran

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  I created this blog with my viewpoint in reference to the book " Poor Economics " by Abhijit V. Banerjee and Esther Duflo. And yes, you heard right Esther Duflo is the one of the five-member Economic Advisory Council constituted by the Tamil Nadu Government to advise on economic issues related to the state.                                                   "Poor Economics: Rethinking Poverty and the Ways to End It" by Abhijit V. Banerjee and Esther Duflo is a groundbreaking exploration of poverty alleviation through a lens that combines rigorous economic analysis with a deep understanding of human behavior. The book demystifies poverty and challenges our preconceived notions, offering a fresh perspective on how we can effectively combat it. It presents a series of studies, stories, and real-world examples to uncover the nuances of poverty that macroeconomic models often overlook. In this blog, we will delve into several key chapters from "Poor Economics"
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