Countries, as much as individuals, have to allocate limited resources rationally. Even those tasks that have net benefits have to be considered in relation to the net benefits of other tasks that could instead have been done — the simple idea of opportunity costs explored in the previous post, “The Importance of Prioritizing and Sequenceing.” In the following I argue why India’s mission to Mars is a waste of valuable resources.
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Day: November 11, 2013
The importance of Prioritizing and Sequencing
Our successes and failures are a consequence of the choices we make, individually and collectively. Consistently good choices made over extended periods of time lead to success, barring any unfortunate and unanticipated circumstances. I explored that idea in a recent column at Niti Central. Here it is, for the record.
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Atanu Dey : Life is a Random Draw 