iimb 14

If you’re ever taken a course in Economics, and it discussed Game Theory, you may be familiar with The Prisoner’s Dilemma. Roughly, this is the problem. Assume you possess copious quantities of some item (money, for example), and wish to obtain some amount of another item (perhaps stamps, groceries, diamonds). You arrange a mutually agreeable trade with the only dealer of that item known to you. You are both satisfied with the amounts you will be giving and getting. For some reason, though, your trade must take place in secret. Each of you agrees to leave a bag at a designated place in the forest, and to pick up the other’s bag at the other’s designated place. Suppose it is clear to both of you that the two of you will never meet or have further dealings with each other again. ...

The IIMB PGP99 Birthday calendar is online. You can add it to Google Calendar, iCal or Mozilla Calendar. Here’s the XML version.

A dozen IIMB junta got together at Hotel Pritam, Mumbai.

The IIM-B website has changed.

And article on [Human Capital Valuation](http://www.iimb.ernet.in/review/abs133.htm#Human Capital Valuation: An Improved Model) from Deep, Kalidas, Kundu, Pankaj and Sumit on IIMB Review.

All IIMB, IITM and VM junta in the US are safe, to my knowledge.

I’m graduating today, and there’s a live webcast of the IIM-B convocation starting 6:15PM IST.

The home page competition results are out. Congrats to Section C, and to Section A, who were close behind.

A (almost) live update on IIM-B’s placements.

I’m using Analog for analysing the IIMB webserver stats. Anyone with enthu, find a better log analyzer and mail me its name.

Is IIM-B known on the Internet? What do people think? Who links to IIMB?

Whose sites are the most popular on this server? Last month, the top 10 sites were admissions, placement, Prof. Srinivasan’s, and Prof. Bandi’s. I ran http-analyze to get these results.

Prof. Apte mentioned that the currency forward is not an unbiased estimator of the future spot rate, but is the certainty equivalent of it. The Kelly FAQ gives a good description of what certainty equivalence means.

The IT Bill has been passed. That means digital signatures are the same as written ones. We’re hoping to make money on that! We wrote a first-draft proposal for our Business Modules in E-Commerce course.