Can Game Theory Help Understand Human Behavior in Times of Crisis?

Human behaviour often follows a pattern – there is an event, then a reaction, and then further reactions, few of them original, many of them borrowed. It is usually the most negative events – like crises, that evoke the most powerful reactions from people, surely replicated by others in some form or other. But what if we had an existing framework that mapped out how predictably we react?

The Saudi Arabian Resource Curse: Cultivating Socio-Economic Ignorance on Overdependence?

This column elucidates the resource curse paradox by positioning the case study of Saudi Arabia at the center of the concept. It delineates the disadvantageous position of this resource-rich country during the period of shock and its recovery phase. Furthermore, it paints in words the implications of oil abundance on the imperfect correlation that exists between religion and women’s rights in Saudi Arabia.

Budget 2022: Taxing of Cryptocurrency in India

In the budget speech, Finance minister Nirmala Sithraman announced a flat 30% tax rate on income generated from the transfer of digital assets. However, later she clarifies that this does not mean that these assets are legitimised, which was received with scepticism. This article first discusses how the legality of these assets is irrelevant to the government’s tax regime on them, and then moves on to discuss how we can interpret the government’s stance on digital assets through the lens of tax rates.

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