Saturday, January 01, 2005

Unbounded Rationality?

Atanu Dey sums up in this article the frustration that a lot of developmental economics and multilateral agencies have for the 'Silent deaths' that go unnoticed throughout the world every single day - This para really interested me

" Why? Bounded rationality? Or as I see it, unbounded stupidity. Fifty-thousand dying each and every day is not news. Being essentially innumerates, we do not find statistics very useful. What we need is pictures of great devastation for entertainment and distraction. The pictures of tsunami-ravaged coastlines compel our attention unlike the numbers we read in the annual reports of global institutions such as the World Bank."

I suppose its the instant and visual gratification that human beings have been become used to. If you look at the Abu Ghraib scandal - People were flagging this for a long time - but someone's digital camera was needed to tell the world. Similarly - somehow we need to get this into the Mindspace and attention span of the world population..


0 Comments:

Post a Comment

<< Home