Ever wondered why our mind always tend to favour the poor and not the rich? Why is taxing super rich is always an agenda of domestic politics? Why did Indian demonetization drive, in which 86% currency was rendered invalid, was accepted by majority? The answer to these question is Framing effect. You have cognitive bias… Continue reading Psychological biases in everyday life
According to the latest data, the percentage share of stalled projects in total projects is nearly 12% or 11.6 trillion USD in March 2016 in Indian Economy. Further according to US Dept of Commerce nearly 80% of start-ups fail in the first 3 years. Failure is also seen in personal lives too, when relationships breaks… Continue reading Why one face setback?
Beurocracy is one of the most dynamic systems in management. It constantly needs innovation and risk taking in its service deliver to adapt to ever changing needs of governance. However it is observed globally that it avoids risk taking. In this post I would try to unravel most fundamental psychological factors which is responsible for… Continue reading Why beurocracy is generally paralysed?