Reflections of My life and My thoughts ..

Too much information and too many choices.

Posted in Economics, Musings by Apoorv on September 8, 2010

I read this term Too much information and too many choices yesterday while reading the book Future files: A brief History of next 50 years by Richard watson. The author predicts that we all will suffer from Too much of information for too many choices we would come across while making decision. And I really dont think we need to wait for too long to face this situation. It is already happening in India.
I purchased my last cell phone 2 years ago. It was pretty easy choice then. It was Nokia all the way , I just had to pick one which would suit my budget the best. And in stray cases, I would browse through handsets of Samsung and Ericsson.
Buying car was no different. I had about 2-3 models to study from Maruti and Hyundai stable and pick the one – most of time which would be Maruti and go ahead with it.
A whole generation has been raised with Maggi Noodles as their favorite junk food.
And now, all this is changing. I had to make 3-4 visits to the cellphone shoppy to narrow down on one. Every time we went to buy one, we were swamped by about 10-15 different models. It was draining to go back and research for the best one.
Buying car is not any easy either. You end up struggling to decide which one you go for ,given that there are
many competing models within each price segment.
And when I go to supermarket, I struggle to decide whether I go with tried and tested Maggi, or opt for Froodles, souply noodles.
Internet has made our lives easier in many ways, but getting the right information you need is still a challenge.one cant help but be swamped by volumes of information that is there which one needs to sift through before arriving at an opinion or conclusion.
There should be , I am sure , business models evolving around this problem and I hope they would make lives of us all easier !!

The Magical Three Hours .

Posted in Economics, Life @ Great lakes, Musings by Apoorv on June 27, 2009

Its been fairly long time since I wrote the last one about life here at great lakes and this one too , I am writing this post in the middle of all the chaos going on here . These days , I am somehow keeping up with deluge of presentations , quizzes , exams and most important , sleep.
It seems to have happened in distant past but I would not be able to forgive myself if I don’t write about much talked about last class of Prof. Rakesh singh’s Macroeconomics class .
Throughout the semester , we all were struggling with the assignments he used to give us ( assignments ranged from Inflation in India to Singapore exchange rate management to US current account deficit to India on the move to name a few 🙂 ) . Most of us had the first taste of rigors of B-school once his classes started . Fondly known as ” Rocky ” among student community , Prof. Singh is an economist who would make you appreciate good things about india and at the same time , he would make you think hard about problems faced by India in general , and rural india specifically . Within span of 20 hours of his classes, students started talking in terms of GDPs ,WPIs , CRRs , Repo rates when they talked about nations .
I vividly remember one of his quotes , ” I still want you guys to remain confused and do the good job with assignments ” . First 17 class hours , most of us were clueless which direction classes were heading . But it was last 3 hour class where Prof speaks about ” India on the Move ” when it all made sense .
There usually is lot of hype about This last class, what with all the seniors telling you at length about it .
Prof easily exceed all my expectations and all the hype in those three hours . when I sat through those 3 hour class , I , rather none of us realized that its been 3 hours . Prof went on speaking for 3 hours , he did not take break to drink water or take a breath . Right from india`s economy in 1950s to Indira Gandhi`s tenure to liberalization to role of IMF in forcing india to open up the economy to Rural india growth to Enron to Anna Hazare to PC chidambaram to comparison of india and china , he simply went on and on .
And when the class ended , the entire 230 students stood up for standing ovation for Prof .
Rest of day was spent doing research about so many things he told in class ( There is a joke , that Prof. Singh speaks in hyperlinks 🙂 . you could spend hours after each class analyzing various things he talked about , and you still wont be content ) .

Hats off to you sir ! Those three hours were the most precious hours of my life as a student . And today our Dean , Prof. Bala Balachandran sent the weekly mail stating that there will be many more such wonderful experiences over next 10 months !!