Vinay Wagh

Abundance – The future is better than you think               -           By Peter Diamandis and Steven Kotler. Imagine a giant orange tree full of fruits. If I pluck all the oranges from the lower branches I am effectively out of accessible fruits. From my limited perspective, oranges are now scarce. But once someone invents a piece of technology called Ladder, I have suddenly got new reach. Problem solved! Technology is a resource liberating mechanism. It can make once scarce the now abundant. Taken together, people like Larry Page, Steve Jobs, Elon Musk, Ratan Tata and few more, are a group whose track record shows that one of the better responses to the threat of scarcity is not to try to slice our pie thinner – rather it’s to figure out how to make more pies. The solution to all the negative feelings in our daily life isn't complicated. All we need to do is bring gradual changes in the redu...

Nudge – Improving decisions about health, wealth and happiness-  by Richard Thaler and Cass Sunstein    " Every wrong answer that you get in the MBA entrance exam, shifts your Honeymoon from Mauritius to Matheran"  is in a way a nudge given periodically by people like me to uplift the preparation level of the MBA aspirants, who aspire to get into a premier B school.       Well ! Nudges are present in all walks of life, from the Rajasthani-Mithaiwala who asks us, "Aur kya?" after every purchase we make to the alluring displays beside the cashier in the supermarkets to boost the candy sales. What makes this choice-book different is its focus on environment design, rather than improving your inner strength, willpower, etc. to make better decisions.       Richard  Thaler, a noble prize winner in economics in 2017 has shown micro insights on human behavior in different aspects of life. How do human tr...