Quantities from qualities: a method for deciphering development dissonance
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Quantities from qualities: a method for deciphering development dissonance Siddharth Singh1,2 Springer Nature B.V. 2020
Abstract The economic principles formulated for a Rational Man does not fit in the real world. These have led to conclusions that are far away from reality and do not provide real life solutions. The present research work has been built on the premise of ‘Contextual’ Development of the region according to the wishes and aspirations of the local people. The Ontological belief is based on Truth that has a ‘Perspective’ and is ‘Contextual’. The Economic Actor tries to act in accordance with the prescribed Ideal Value for the society but in reality the Economic Actor reaches at some Achieved value. The difference is referred to as ‘Value Dissonance’. Given the Value Dissonance the standard ‘Development Dissonance’ is determined. Through the interrelationships of Impulses and Action Tendencies in a medium an economic actor reaches at a ‘Satisficing’ goal that reduces the dissonance. A method has been developed to capture the dissonance and for quantification of qualitative data. The method has been experimented with the representative case of Adventure Sports. The data is collected by organizing discussion with the respondents in their natural setting and coding the data through a coding scheme. The conclusion derived is at three levels- the Universal Solution, the ‘Satisficing’ solution for Many and the ‘Satisficing’ solution to All. At the policy level the future policy implications and the need for the changes regarding the representative case is depicted. A strategy to increase pleasure is one that reduces Dissonance. Therefore, the developmental policy should aim to reduce Dissonance. Keywords Mixed method Satisficing solution Experimental economics Contextual development Development dissonance Behavioural economics
& Siddharth Singh [email protected] 1
Department of Economics, DAV P.G. College, Banaras Hindu University, Varanasi, Uttar Pradesh, India
2
Varanasi, India
123
S. Singh
1 Introduction: in the backdrop Challenging the ‘universality of reasons’(Murphy 1992) Bounded Rationality proposed limitations on human knowledge by putting limitations on decision making (Dunn 2001) amidst complexities of Non-Linearity and Chaos. According to Herbert Simon bounded rationality connects the mind and institutions by connecting the rational and psychological aspects (Augier 2001). It is an extension of economic reasoning (Conlisk 1996). People face multiple conflicting objectives to choose from a complex environment. Learning about the environment/immutable laws facilitates decision making (Dunn 2001). Social norms, institutions and culture help in decision making. The decision maker employs a ‘Simple’ heuristic process to reach a ‘Satisficing’ rather than an optimizing solution (Dequech 2001). The question which still remains unanswered is ‘What is Simple?’ Out of the many, what is simple for a specific individual that is ‘Satisficin
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