Authors: Sai Venkatesh Balasubramanian
Behavioral Economics, which essentially studies psychology, cognition and emotion in the context of economics, has proved that economics in the real world is not always with mathematical accuracy, predictability and clockwork precision. In an attempt to categorize the driving influences and biases underlying decisions made by people, the present article takes a leaf out of the Shiva Sutras, which essentially group the 51 Aksharas (Alphabets) of the Sanskrit language, each Akshara signifying a concept or mode of operation, into 14 categories or ‘worlds’. Essentially, the Aksharas form ‘alignments’ that drive people toward making economic and other decisions. Consequently, such a listing can be quantified using matrices and appropriate weights, thus bringing Behavioral Economics a step closer to becoming a quantifiable, deterministic study.
Comments: 6 Pages.
[v1] 2015-10-27 21:27:08
Unique-IP document downloads: 202 times
Vixra.org is a pre-print repository rather than a journal. Articles hosted may not yet have been verified by peer-review and should be treated as preliminary. In particular, anything that appears to include financial or legal advice or proposed medical treatments should be treated with due caution. Vixra.org will not be responsible for any consequences of actions that result from any form of use of any documents on this website.
Add your own feedback and questions here:
You are equally welcome to be positive or negative about any paper but please be polite. If you are being critical you must mention at least one specific error, otherwise your comment will be deleted as unhelpful.