Nov 26, 2008

Games Indians Play- A book review

Games Indians Play, by V. Raghunathan ,explores the Indian mentality of being privately smart & collectively foolish.The author, a faculty at one of the IIMs, uses behavioural economics & game theory to explain why we do what we do & how acting in the common interest of everyone will do good to us in the long run.The author uses prisoners' dilemma to explain why we Indians act selfish & go for short term gains. The book doesnt tell us anything new that we already dont know but the mode of putting across his point with a dash of humor ,makes it a very good read. I have never touched Economics even with a barge pole but his lucid explanation, with a good sprinkling of examples ,made the aforementioned theories qute simple to understand. Do grab a copy!!

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