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Jan
09

How incentives affect behavior

Freakonomics has tried to explain how people respond differently to incentives under different circumstances. In a series of experiments done, researchers have tried to understand how altruism and benevolence of an individual are driven by self interest. Scenario 1: The Ultimatum Game: 10$ to be shared between two individuals where one person decides how much… Continue reading »

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Mar
11

10 reasons for doing MBA!

Master of business administration is one of the most sort after course for people who want to create wealth. People from all backgrounds: engineering, science, commerce, pharma and even doctors are slogging to get into the b-schools which promise sky rocketing salaries. This is one course which attracts even the experienced people, working at top… Continue reading »