More on Life .....and Lemon's Principal

A guy on my floor just received a terrible news. A cousin of his father was on his way back from Tirupati, with family, when they met with an accident. The cousin died on spot and others of the family seriously injured. It reminded me that life is all of what I said in the last post and more. It is transient, temporary, and perpetually haunted by the spectre of death. As somebody said the ultimately aim of life is to die.

The other thing it did was to drive home the importance and beauty of life ever more strongly. I was reminded of the time when I came so close to destroying it. I can scarcely imagine the trauma some such action would have wrought on people who love me.

I just hope I don't come that close to the precipice again.

I came across an interesting principal called Lemon's Principal in my Financial Accounting book. It says that the presence of people in the market who are willing to offer inferior goods tends to drive the market out of existence. The theory was first stated by George A. Akerlof , Professor of Economics at UC Berkeley in one of the most cited papers- the paper won him the Nobel Prize. Could you explain how Lemon's Principle works ? One of these days I am going to write the explanation but right now I am feeling too lazy to do that.

If you go through the posts on this blog, it is hard not to notice the enormous swings in my moods. The posts range from overly optimistic and cheerful to downright gloomy. If you continue to visit the blog, you may find a number of contradictions too. Because if I am honest to the posts, they will inevitably reflect the state of my mind which, unless I get superhuman powers, will change much. And as my thinking evolves I may develop opinions contrary to those that I harbour now and may infact come round to my original opinion again in the course of time. I guess I have too much to learn to have many fixed opinions at this stage.