The Metro Rail is one of the most important infrastructure projects in Bangladesh. It is a game changer that will help to transform the economy of Bangladesh. The Metro Rail will bring numerous benefits to the people of Bangladesh, including improved access to jobs, education, and healthcare. It will also help to reduce traffic congestion… Continue reading Economic impacts of metro rail in Bangladesh
Author: MMP
Asset-Backed Securities | All you must know
An asset-backed security is a type of debt instrument that is secured by a pool of assets. The asset pool can be composed of a variety of assets, such as loans, leases, credit card receivables, or other types of financial instruments. Asset-backed securities are created through the process of securitization, which involves the creation of… Continue reading Asset-Backed Securities | All you must know
Why is Self-Serving Bias Good?
Self-serving bias is the tendency for people to attribute their successes to their own abilities and efforts, while attributing their failures to external factors. This bias can lead people to overestimate their abilities and underestimate the role of chance in their successes. It can also lead to overconfidence and poor decision-making. Most of us have… Continue reading Why is Self-Serving Bias Good?
Status Quo Bias | All you need to consider
The status quo bias is a cognitive bias that refers to our tendency to stick with the current situation or status quo. This can be due to a variety of factors, such as loss aversion (where we prefer avoiding losses over acquiring gains) or simply because it’s comfortable and easy to stay with what we… Continue reading Status Quo Bias | All you need to consider
Sunk Cost Fallacy | All you need to know
Sunk cost fallacy is a cognitive bias that dictates our decision-making. It tells us that we are more likely to continue investing in something as long as we have invested so much in the past, regardless of whether or not it is rational to do so. The sunk cost fallacy can lead us to make… Continue reading Sunk Cost Fallacy | All you need to know
Behavioral Economics | The new Economics
Behavioral economics is the study of economic decisions and behavior. It incorporates insights from psychology, sociology, and other disciplines to explain why people make choices that are not always in their best interests. Behavioral economists also study how market institutions can influence people’s choices, and how government policies can affect economic outcomes. Behavioral economics is… Continue reading Behavioral Economics | The new Economics