Ever wondered where the 'rational agents' in Economics text books actually lived? Anyone who has serious reservations about the assumption of rationailty in Economics must visit our quaint ,charming institute for research in Economics located on a little hill in Mumbai's periphery. You will then discover the world of convex and even lexicographic preferences, utility maximization, constrained optmization, Nash equilibria and most importantly, monopolistic competition on a scale that's inconceivable in the outside world!All decisions here from the choice of subjects and supervisors to the choice of a seat in a class-room are made after resolving carefully defined optimization problems.You can actually figure out what your roomie will be doing in the week-end with the help of a neat mathematical model !Studying Economics here is like one of those fantasy movies where the viewer becomes a part of the plot and there is simply no escape till the movie ends! An invigorating ambience for the study of Economics, this!
Need any help visualizing an Arrow-Debreu equilibrium? One visit to IGIDR , Mumbai could solve all your problems :-).
