2G Scam: the unsolved mystery.

Let’s understand the 2G scam with this intuitive analogy –

Raja is a shopkeeper who sells bread. He is the only bread seller in the entire city, and everybody who wants to make sandwiches has to buy bread from him. That sounds like a fine job.

This bread is used around the city to make sandwiches. Now, consumers love sandwiches. They are ready to pay a lot of money to buy sandwiches. This must be a good news for Raja, right? Because he is sitting on the entire supply of bread in the town, and many people want to buy that bread.

Are we ready for the impending age of robots and AI?

Since last month, The news about “Sophia: The Uncanny Robot” getting Saudi Arabia’s citizenship is doing rounds in the tech circles. Sophia is designed to act like a human. We are supposed to think that it is self-thinking and self-feeling, a real artificial sentient being. Even its name implies sentience, with Sophia being the Greek word for “wisdom”. While there is a lot of disagreement on whether or not it was appropriate to give her the citizenship, everybody agrees that this event has definitely sparked a lot of curiosity about our future with the intelligent bots.

The Decoy Effect

The decoy effect is a phenomenon whereby consumers will tend to have a specific change in preferences between two options when also presented a third option that is asymmetrically dominated.

National Geographic ran an experiment on consumer behaviour in the context of choice. They wanted to see if the Decoy Effect can influence consumers to see a large popcorn as a better deal than a small or medium one.

Diwali: Haters are going to hate.

DIWALI IN AYODHYA

Yesterday was a historic day for Hindus. It was such an awesome feeling to see Ayodhya like this; completely transformed! The heritage city was luminous with lights and 200000 earthen lamps. The view was mesmerizing.
Have a look: