Ep 243. Luck vs Rationality

In this episode Govind, Prasad and Sarath talk about the concept of luck and how the effects of luck should rather be framed as effects of uncertainty. They talk about how societies have evolved into using risk management and hedging to mitigate undesirable effects of uncertainty and how people often fall into the trap of controlling luck through magical thinking and superstitious means and fall prey to charlatans. They also take questions from callers and engage with them about how to change the behavior of others away from superstition and whether karma works.

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