Have you ever spent more money trying to get the worth out of already sunken costs?

Have you ever spent more money trying to get the worth out of already sunken costs? Sometimes we keep investing more to keep an investment afloat. Constantly pumping money into a loss-making company to keep it running is such an example. 

Are you on the wrong bus?

Winner of the Nobel peace prize Wangari Maathai, in her book 'The Challenge for Africa', starts the introduction title as 'On the wrong bus'. The phrase refers to an action of moving in the wrong direction by taking the wrong bus, being there and being led by others in moving away from your desired place. While her context is completely different but the subject is relevant to all of us in our personal and professional life as well.

Have you ever faced a situation where the other person doesn't look in your eyes while talking? Not maintaining eye contact while being in the conversation is considered impolite. Some cultures specifically emphasise direct eye contact. When...

You don't have a hobby?If you ask this question to anyone: 'What's your hobby?' There is more than fifty percent chance that he will fumble. 'Well, I don't have any hobby,' or 'my work is my hobby,' or 'I don't have time for a hobby,' kind of...

‘Hi, how are you?’‘How can I be with you being in my life?’These are two messages exchanged between two persons. If no further information is given, you are bound to interpret the answer in various ways. If these messages are exchanged between...

Rejected!Have you ever tried pulling your hair out because of this word – rejected? We all face rejection in our lives, and it may not be only once or twice but many times. Rejection can be in any field – a love affair, society, job application,...

Most of the models and theories of social sciences like economics are based on assumed rationality in human behaviour. Economists believe that people will make choices to make optimal use of resources and there will be equilibrium in society....



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