Sanjay from the Dwarka Parichay blog invited me for a guest post. It is published there now with the same title: http://dwarkaparichay.blogspot.com/2009/07/matter-of-faith.html Economists are always baffled by the apparent stupidity of humans. They seem to make some decisions which are completely irrational, and go completely against any form of rational logic.Take, for example, the fact that people go ahead and buy lottery tickets. As any statistician can tell you, the probability that you will win a 10 crore rupee prize after buying a one rupee lottery ticket is about the same as that of you getting the money after you flush the one rupee note down the toilet. And yet, people do it. What perhaps the academicians forget is that that one rupee also buys them some hope, a promise of untold riches and even for one moment, buys them a smile on the face. Perhaps you've already guessed where this is going; our favourite topic - God. Does it not occur to you at times that you are tal...
The chronicles of Sudipta:
the man, the machine, and everything inbetween