Archive for February 17th, 2015

Individual versus group decisions: Female versus male honesty

February 17, 2015

Gerd Muellhauser, Andreas Roider and Niklas Wallmeier show that women are more honest than men:

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Deflationary trends in India?

February 17, 2015

India’s crazy economics news reporting keeps getting crazier.  WPI data released yesterday showed a negative number leading papers to say deflation in India.  This is really poor reporting by all means.

This is at best called as disinflation which means rate of rise in prices has declined or become negative for some time. It could be due to base effect or sudden decline in certain component like oil prices. Deflation is an extreme form where both economic activity and prices are declining. There is nothing of this sort happening. Ask a common an and he/she would still be worried over inflation. And then with recent GDP number release, we can even take out the slowdown word from the debates.

There should be caution using certain economic terms. And this is really basic stuff. I can’t even blame media who may not have studied economics formally. Have seen certain reports written by economic analysts who have used the “d” word for this trend..


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