Oct 14, 2017

Behaving like a human

It seems behavioralists are finally winning minds. It's been a few decades they are struggling to persuade the neo-classical theorists, and are rejected, that there are more to the market than "individuals rationality" and "market efficiency". Richard Thaler is often called the "father of the behavioral economics". He has been awarded the Noble Memorial Prize 2017. (If you are not that much into economics, you may remember him in the movie "Big Short", who was explaining "synthetic CDO" in a Las Vegas casino, along with Selena Gomez!)

The basic assumption behind rationality of the market participants is in this that individuals are following Expected Utility Theory (EUT), based on a set of axioms initially established by von Neumann–Morgenstern ("VNM axioms") in their decision-making processes. Behavioralists, however, have been testing the actual behavior of individuals in the market and have found out that there are deviations from the EUT while the individuals are making economic decisions.

Among the pioneers of the behavioralist approach in economics were Daniel Kanheman (also a Noble Laureate 2002) and Amos Tversky (1979), who established the framework of the so-called "Prospect Theory", where "loss aversion" was among the most important factors that cause such deviations from rationality.

In addition, the Noble Memorial Prize in 2013 was awarded to Robert Shiller, who also had major contributions to our understanding of the behavioral aspects of the market.

May 15, 2016


When people, who have given their votes to a president to be elected, express their demands, the president should be all ears, so to speak. Or at least, he shouldn't tell them, they're upset because they haven't been given any "chowki" (official position).

I gave my vote to this guy because I was told he is an educated individual. I was told he's modern in manner and wouldn't behave like a "qomandan" (militia commander).

His guards beat a citizen of this country in a foreign land in front of tens of journalists' cameras.

How can he ever justify that?! For god's sake, why we Afghans deserve all these sorts of political "leaders"?

Feb 14, 2016


Anita, my dearest, this is the second valentine we are celebrating together. I feel so happy and proud to have you. I love you forever, and ever. 

Sep 11, 2014

Apple Watch

There is something wrong about ‪#‎AppleWatch‬. I love Apple products. They are convenient and look beautiful. The Apple Watch may be convenient but not beautiful for sure. Watch is not just for convenience. I already have two smartphones in my hands but still wearing a watch as I like to check the time there.
Watch is a piece of fashion. I believe (as a non-expert) fashion is about originality. It's hard to believe that electronics can offer such originality.
I may wear Apple Watch one day, but that would be when I am also wearing jeans and t-shirt. Or, I may buy it as a gift to a teenage relative of mine. I wouldn't wear it with suits.

Aug 25, 2014

Artists in politics

Artists taking part in politics, believe me, doesn't look good. They may even sound stupid. Politics isn't everything. Let its professionals do that.

Aug 21, 2014


On Tuesday, my fiance and I had a great time watching the movie Transcendence (2014). We enjoyed it a lot. Both of us are so much into the theme of the movie, Artificial Intelligence.

Artificial Intelligence (AI) is debated in this movie. The story is ended with the deaths of Dr. Will and Evelyn Caster. Dr. Will Caster, who has invented an intelligent computer brain named "PINN", dies from cancer. Evelyn wants to bring back his husband to life through restoring his memories using the AI technology that Dr. Caster has invented. There are groups of people who are against these creations and want to stop them. Finally, they succeed to stop Dr. Caster, who is then an intelligent computer brain, by injecting a computer virus through the body of Evelyn. Evelyn gets shot and dies and Dr. Caster can't save her. Both die lying next to each other...

Artificial Intelligence, as a philosophical or ethical concept, is not a new thing. There are those, as depicted in this movie and also in another movie named "Her" that I have also recently watched, who believe AI is ethically questionable. At any point of time, man can hesitate and think about the ethicality of AI, or other somewhat similar concepts like "In vitro fertilisation" (IVF). From the view of man however, the righteousness license of these developments and breakthroughs are not issued by and from a meta-physical existence. Man quite a while ago decided on his own that exploring the nature is "OK" once he said "Cogito ergo sum" (I think, therefore I am). Nature is not any longer a sacred place full of magic, driven by meta-physical forces, where the entrance is not permitted. Man allowed his imagination to indefinitely explore the horizon of possibilities. Such a brain can travel thousands of years, with a speed of light, into the depth of the sky. And, that brain is also truly able to create a god, as it is best put by Dr. Caster, "Isn't this what man has always done?"

Aug 20, 2014

Pakistan: A Hard Country

I am reading "Pakistan: A Hard Country."

This book is especially recommended for those who angrily curse Pakistan without any hesitation or thought about why Pakistan, and by that I mean many different political, social, and religious fractions living together in this land, behaves the way it does. I am barely half the way through the whole book, but even now, I have realized how I was mistaken with my perceptions about Pakistan, the government, the army, its geopolitical environment, the past and the future, and many more things.
The author of the book, Anatol Lieven‬ writes, "Pakistan is quite simply far more important to the region, the West and the world than is Afghanistan: a statement which is a matter not of sentiment but of mathematics. With more than 180 million people, Pakistan has nearly six times the population of Afghanistan (or Iraq), twice the population of Iran, and almost two-thirds the population of the entire Arab world put together. Pakistan has a large diaspora in Britain (and therefore in the EU), some of whom have joined the Islamist extremists and carried out terrorists attacks against Britain."
According to the author, it is true that the government of Pakistan supports the Afghani Taliban and by that it promotes extremism, however, it may also be the first stand against it.
Pakistan is made of many contradicting groups, fractions, ideas, however that won't be a cause for its collapse, if one wants to argue that. What may destroy the Pakistani system though will be the "flood and other ecological disasters" on the scale like that of the 2010.
You must read this book.

Aug 18, 2014


Extremism can only be resolved by providing chances for participation of isolated groups and fractions in the society. I don't expect politicians to understand this fact.

Mar 3, 2014

Looking like Gandolf

Movies that are made about the historical religious leaders always portray them handsome, tall, masculine, with long beautiful hair, and awesome beard that made their faces look kind and like an angel. Well, considering their lives and thoughts, it's natural that we imagine their faces as such. But did they really look like that? I don't know!

But the thing is, regardless of these great men's thoughts, not all of them look like Gandolf. That I am positive about.

A hypothetical test: Line up all the great men in all professions and subjects in the history. Count the number of those among them who look average, according to the perceived standards of a good-looking man, and not even look like Gandolf.

Conclusion is yours to make.

Feb 25, 2014

Stylish candidates

It appears some of our presidential candidates in Afghan Elections 2014 have a tendency of using their Facebook photos for their campaign materials! They are dressed up in different formats, styles, dressing codes.

That's bad! It may imply they don't have a stable character. They get into different shapes and styles as per the voters' expectations. Whilst that can be considered a progress in the Afghan political sphere, whereas the practitioners are beginning to pay more attention to their people, but it looks dishonest as well. Voters may not trust candidates who look pretentious.

At the same time, having so much attention to appearance is a negative attitude for a leader. President Obama always wears black or blue because he says he don't want to be distracted by these things. In a different profession, Einstein wore always the same color or type of clothes, so did Steve Jobs.

Having a neat look is a complement for a leader, while having less attention to it is a virtue for them.