As I bid adieu to the City of Joy: Kolkata, in a few days time, it is an opportune time to pay tribute to the place where I started earning & where my transition from a rocky Engineering Graduate to a Professional took shape. As I move on in life, Kolkata will always remain special. Your first Job & the place you did your first job is always romanticized later in life by you, irrespective of whether you enjoyed it or not. A lot of intangibles one gets to learn as you become financially independent.
As I look back at these 2 and half years here in Kolkata, I identify myself into two parts :
a) Hell lot work in office which was challenging but left little time for anything else.
b) A lot of opportunity to sock in the Bengali culture though I may not have utilized it to the fullest. Well, Durga Puja, the 10 day festival is a celebration of life here & is unlike any thing else. The week long carnival, you have to experience it to understand how it is a self expression of people here.
I appreciate the way people take life as it comes here. Among all Metros, we can safely assume that this is the least cosmopolitan. It is a kind of complement as bigger cities like Mumbai & Bangalore are finding it difficult to cope up with the growing demand of basic Infrastructure. Some parts of the city is cocooned in a time wrap which makes you wonder if the clock had turned back a hundred year. Every street in Kolkata is named after one of many personalities that have set their feet at these shores.
We are always biased towards the contemporary. The past and its achievements are rarely taken as a bench mark. May be, because it is difficult to visualize the past through the eyes of the present. During my stay here, I became more aware about the heritage & legacy that this place denotes. The Indian Renaissance of the 19th Century had its epicenter here. As the Capital city of British India, it was also the financial hub and all the thought leaders of India resided in the by-lanes of Kolkata. Things have changed in the last 63 years since Independence. Kolkata is no longer the Financial capital, the crown now proudly rests with Mumbai. The mind share of the people is now captured by Mumbai. The view about India starts with Mumbai and fades away by the time it reaches Kolkata in the East. It is similar to the world view which has moved from Europe to USA and may finally come to China in the later half of the 21st century.
I happened to read the book 'The City of Joy' by Dominique Lapierre. It was kind of an eye opener. The destitution of the Rickshaw pullers & the inhuman atrocities brought upon them is insurmountable. It is a tragedy that these Rickshaws pulled by Human Horses can still be seen in the lanes of Kolkata even though officially it has been banned long back in 1949. This legacy of the British Raj still persists. It is an irony of life for these people as they may starve to death if not for these Japanese made Rickshaws.
To end it, I have to quote some thing which epitomizes every Bengali & their homesickness, may be it is bit of a cliché:
“You can take a Bengali out of Bengal but not Bengal out of a Bengali”
I hope to see Bengal attaining glory of the past and as Mamata di is all set to capture power & come to writer's building next year, hopefully she will concentrate more on development & less on politics. My wish is let Bengal make headlines for development projects rather than bandhs and gheraos.
P.S : Will surely miss the jovial & carefree people of this place.
Bidaa-ye Bengal!
Saturday, June 12, 2010
Friday, June 4, 2010
Herd Behavior: In the Context of Indian Education System
In the Indian Education context :
Why is it that every one who passes out from school wants to be an Engineer? In most cases, students are forced into doing Engineering as it offers them better chance of landing a job. Though, the real reason is the Herd Mentality which is at play. We as a society are addicted to HITS or Blockbusters. So, in most cases people do not realize what they are good at, rather follow what others are doing. That is the real reason of sky-rocketing applicants of Engineering Entrance Tests.
Now, move-over Engineering, the same story repeats when students complete their B.Tech. Now, everyone going for MBA.. why shouldn't I. Herd Behavior at play yet again.
We may not realize it but herd behavior is strongly built into our DNA, there are very few who can move out and choose a less trodden path like Rancho of 3 Idiots.
Note: Well, this is not to deride people including me who have followed the herd mentality to move into a B-school.. after all if its in your DNA.. you hardly have a chance to override it. Any ways you can always give it a try. Something to ponder about.. Any one Listening?
Why is it that every one who passes out from school wants to be an Engineer? In most cases, students are forced into doing Engineering as it offers them better chance of landing a job. Though, the real reason is the Herd Mentality which is at play. We as a society are addicted to HITS or Blockbusters. So, in most cases people do not realize what they are good at, rather follow what others are doing. That is the real reason of sky-rocketing applicants of Engineering Entrance Tests.
Now, move-over Engineering, the same story repeats when students complete their B.Tech. Now, everyone going for MBA.. why shouldn't I. Herd Behavior at play yet again.
We may not realize it but herd behavior is strongly built into our DNA, there are very few who can move out and choose a less trodden path like Rancho of 3 Idiots.
Note: Well, this is not to deride people including me who have followed the herd mentality to move into a B-school.. after all if its in your DNA.. you hardly have a chance to override it. Any ways you can always give it a try. Something to ponder about.. Any one Listening?
Behavioral Psychology : Herd Behavior!
Consider these situations:
1) Financial Crisis:
Why did Economists across the world failed to see through the Financial Crisis that hit the world economy in 2008? There have been a whole set of reasons been put forward for the failure of the Financial Economy to withstand the Sub-Prime Crisis & inevitability of the Credit Crunch. Mostly, it has hovered around inadequate regulation.. incorrect Risk assessment of the financial structured products like CDO,CBS,MBS etc (These are derivative products which is understood by a chosen few.. others are clueless of the risks involved)
Well, the aspect of human behavior has been largely ignored. Paul Krugman, the Nobel Prize winner & famous economist, has advocated that the root cause of the Crisis could be the irrational behavioral traits shown by humans in some situations especially when deciding in a group even though individually they may be rational human beings. This is a new and upcoming branch of finance known as Behavioral Finance which explores the herd behavioral traits in people when they make financial decisions.
Btw: Being irrational.. is being human.. just that you have to consider this irrationality when you are developing those complex mathematical models & financial products.
2)Communal violence:
In a Communal or ethnic violence taking place any where in the world.. you ll find perfectly normal humans behaving irrationally like beasts in groups in those moments of raze & madness.. killing fellow humans. The herd mentality allows them to justify their acts to themselves.
That is why, the World Leaders should take care of the irrationality involved in human behavior & have proper checks and balances else it erupts like a volcano with catastrophic results, as in both the above cases.
1) Financial Crisis:
Why did Economists across the world failed to see through the Financial Crisis that hit the world economy in 2008? There have been a whole set of reasons been put forward for the failure of the Financial Economy to withstand the Sub-Prime Crisis & inevitability of the Credit Crunch. Mostly, it has hovered around inadequate regulation.. incorrect Risk assessment of the financial structured products like CDO,CBS,MBS etc (These are derivative products which is understood by a chosen few.. others are clueless of the risks involved)
Well, the aspect of human behavior has been largely ignored. Paul Krugman, the Nobel Prize winner & famous economist, has advocated that the root cause of the Crisis could be the irrational behavioral traits shown by humans in some situations especially when deciding in a group even though individually they may be rational human beings. This is a new and upcoming branch of finance known as Behavioral Finance which explores the herd behavioral traits in people when they make financial decisions.
Btw: Being irrational.. is being human.. just that you have to consider this irrationality when you are developing those complex mathematical models & financial products.
2)Communal violence:
In a Communal or ethnic violence taking place any where in the world.. you ll find perfectly normal humans behaving irrationally like beasts in groups in those moments of raze & madness.. killing fellow humans. The herd mentality allows them to justify their acts to themselves.
That is why, the World Leaders should take care of the irrationality involved in human behavior & have proper checks and balances else it erupts like a volcano with catastrophic results, as in both the above cases.
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