The Drunkard's Walk refers to the random motion of molecules suspended in a Brownian fluid continuously bumping against each other. This incessant scramble leads to the movement of molecules that is hard to predict, but can be confidently explained after the fact. Metaphorically, the drunkard's walk is a path punctuated by random impacts and unintended consequences … Continue reading The Drunkard’s Walk: How randomness rules our lives
Malcolm Gladwell is one of the few authors in the business literature domain who has truly mastered the art of storytelling. Gladwell's dexterity in taking the veil off the underlying truths while capturing the imagination of the reader is commendable. His stories are commonplace; it's just that his view of the stories isn't. Gladwell tends … Continue reading What the Dog Saw
A lucid and insightful description of inherent irrational streaks to our seemingly rational behaviour My ongoing obsession with the fast-evolving field of ‘Behavioral Economics’ led me to zero in on yet another bestseller in this field - “Predictably Irrational: The hidden forces that shape our destiny” authored by formidable Dan Ariely. Predictably Irrational is based … Continue reading Predictably Irrational
Book review of Dan Ariely's 'The Upside of Irrationality'.
"You've got to be careful if you don't know where you are going because you might not get there." - Yogi Berra Tim Harford must have been oblivious to the aforementioned quote while writing 'The Logic of Life'. Problem with 'The Logic of Life' when compared with Harford's previous book 'The Undercover Economist' is the … Continue reading The Logic of Life
Let me clarify a couple of things at the outset about 'Outliers: The Story of Success'. First, the name 'Outliers' imparts a wrong impression of a book based on crucial statistical observations (incidentally, an outlier in the world of statistics is an observation which is far removed from other values in the data set) and … Continue reading Outliers: The Story of Success