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Phantom Cost Explained: Why People Think Freebies Are Too Good To Be True

If you’re offered a free cookie, you might say yes. But if you’re paid to eat a free cookie, would your response be the same? In our new research, twice as many people were willing to eat a cookie when they weren’t offered payment compared with when they were. From a purely economic perspective, our findings reflect irrational decision-making. Objectively, a cookie plus money is better than just a cookie. But people aren’t purely economic. They’re social animals with a tendency to look for hidden reasons behind other people’s behaviours. In the case of overly generous deals, people are expecting a “phantom cost” – one hidden in the initial offer. And this expectation influences their… Read More »Phantom Cost Explained: Why People Think Freebies Are Too Good To Be True

Rahul Gandhi, BJP And The Jalebi Factor In Haryana Polls

The two keywords in this Haryana election were Jats and Jalebis. The Congress bet heavily on both, but the trends show this has not paid off. The renowned jalebis in Haryana’s Gohana featured in Congress leader Rahul Gandhi’s speech in the run-up to the Assembly polls. His remarks calling for mass manufacture and export of the juicy sweet fish were also mocked by the BJP. This morning, after early trends showed a Congress lead, jalebis were distributed at the Congress office in Delhi as party workers celebrated prematurely. The later rounds of counting, however, saw the BJP claw back and then surge far ahead of the main Opposition. Now it was the ruling party’s turn… Read More »Rahul Gandhi, BJP And The Jalebi Factor In Haryana Polls

BJP Set For Third Term In Haryana, J&K Picks National Conference-Congress

Turning exit poll prediction on its head, the BJP is leading in 49 of Haryana’s 90 seats. The Congress is trailing with 34, but is still keeping its chin up, declaring it can still win. Arvind Kejriwal’s Aam Aadmi Party, which had high hopes of carving out a niche in Haryana, boosted by  its victories in neighbouring Delhi and Punjab, has failed to open its account. The party, however, had some success in Jammu and Kashmir, winning one seat.In Jammu and Kashmir, which is electing its government after a decade, the National Conference and Congress alliance is ahead in 52 of the 90 seats – comfortably ahead of the halfway mark of 46. The BJP is ahead… Read More »BJP Set For Third Term In Haryana, J&K Picks National Conference-Congress

Joker: Folie a Deux Box Office Collection Day 5: Joaquin Phoenix’s Film Shows No Progress

Joaquin Phoenix and Lady Gaga’s film Joker: Folie a Deux released in India on October 2. While the film had a decent opening at the box office, it struggled to maintain the success streak in the next few days. After minting ₹1.6 crore and ₹1.5 crore on the weekend, Joker 2 witnessed a major drop in its earnings on the first Monday. The film grossed ₹66 lakh on October 7, reported Sacnilk. Its total collection now stands at ₹ 11.47 crore. Directed by Todd Phillips, Joker: Folie a Deux is a sequel to the 2019 hit movie, Joker. The film also features Brendan Gleeson, Catherine Keener and Zazie Beetz in significant roles. Ahead of Joker:… Read More »Joker: Folie a Deux Box Office Collection Day 5: Joaquin Phoenix’s Film Shows No Progress

Snapdeal Co-Founder Kunal Bahl Joins Shark Tank India Season 4, Replaces Zomato’s Deepinder Goyal

Kunal Bahl, co-founder of Snapdeal and Titan Capital, as well as the promoter of Unicommerce, has joined the panel of Shark Tank India Season 4. He will replace Deepinder Goyal, founder and CEO of Zomato, in the upcoming season. Mr Bahl will join the existing panel of sharks, including Anupam Mittal (Founder and CEO of People Group), Aman Gupta (Co-Founder and CMO of boAt Lifestyle), Namita Thapar (Executive Director at Emcure Pharmaceuticals Limited), and Ritesh Agarwal (Founder and Group CEO of OYO). A well-known entrepreneur and investor, Mr Bahl has built and scaled numerous technology ventures and invested in over 250 start-ups.  In the latest promo for Shark Tank India Season 4, Kunal Bahl, co-founder… Read More »Snapdeal Co-Founder Kunal Bahl Joins Shark Tank India Season 4, Replaces Zomato’s Deepinder Goyal