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Scarcity by Sendhil Mullainathan

2022-05-12 1 min read Sincheenz

I purchased this book after listening to the the author’s interview on “PIMA” podcast The primary focus of the book is how scarcity, whether it’s in terms of money, time, social contact, or other resources, influences our behavior. What we sometimes perceive as incompetence, laziness, indifference, or any other negative traits used to describe someone’s behavior could be a consequence of their limited bandwidth due to scarcity. Another way of looking at people and situations. Continue reading

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Never Split the Difference by Chris Voss

2022-03-12 3 min read Sincheenz

I did the audio version of the book and was initially put off by the narrator’s dramatic voice. I decided to ignore the nasal accent and pay attention to the content, and I am happy that I persisted. This book is a treasure. I like how it combines crime scenes and professional as well as personal scenarios. The concepts of behavioral economics – loss aversion, anchoring bias, and more – are explained very well through the real-life crime and drama stories. Continue reading

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The Psychology of Money by Morgan Housel

2022-03-12 1 min read Sincheenz

“When you see someone driving a nice car, you rarely think, “Wow, the guy driving that car is cool.” Instead, you think, “Wow, if I had that car people would think I’m cool.” Subconscious or not, this is how people think.” Morgan Housel summarizes it so well in this one sentence. Our financial decisions many time are based on our expectations of societal approval. It is important to weigh our wants with the actual need. Continue reading

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Nudge by Richard H Thaler & Cass R Sunstein

2022-02-12 2 min read Sincheenz

The book starts off with a condescending tone, emphasizing that society consists of Humans or Econs, and it is written to help the former—the Humans. The author takes it a step further by calling Humans as the “Homers” of society, portraying them as lacking basic common sense and the ability to reason. This provocative tone may be intentional, and if you can get past it and continue reading, the book does offer a few valuable takeaways. Continue reading

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Think Again by Adam Grant

2022-01-30 1 min read Sincheenz

A good book to start the year 2022 with! In the last couple of months, it has become an almost impossible task to have a peaceful gathering with friends or family. The multitude of lockdowns has made it impossible to meet and even when we meet it seems like an event to dread where Vaccination and Government policy seems to be the dominant topic. What starts as a discussion often turns into a yelling match between some and leaves everybody else frustrated. Continue reading

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