There is probably no cultural phenomenon as prevalent across Sonipat as Thursday night parties. For as long as I've been at Ashoka, and years before that, Thursday nights have gone from being a time, to a verb (‘thursday nighting’), to a mood, to a state of mind. Recently, however, Thursday nights have become more of a game theory case study than a pureplay enjoymentmaxxing competition. Constant patrolling, suspensions, and a seemingly ubiquitous atmosphere of surveillance. However, if I were...

Who's really vetting whom in football's biggest sponsorship deals? We tend to assume FIFA screens its sponsors: checking their finances, reputation, and brand fit. But look closer and the relationship runs the other way: it's Adidas, Coca-Cola, Visa, and other major backers who conduct anti-corruption due diligence on FIFA, treating the federation as the riskier party in the deal. In the latest piece for the AUES Gazette, Hardik Srivastava uses principal-agent theory to unpack this inversion....

Economics is becoming more scientifically rational by mathematically accounting for human irrationality.