Economist bags Infosys prize for intellect-poverty connect
six eminent academics have been awarded with the Infosys Prize 2018 across different categories of science and research. The prize for social sciences was awarded to sendhil Mullainathan (in pic), professor of computation and Behavioral science, the university of chicago in the us, for his path-breaking work in behavioural economics. among Mullainathan’s most valuable and original contributions is the research pointing out how poverty (and more generally perceived scarcity in any form) adversely affects ‘mental bandwidth’ (cognitive ability) which, in turn, hampers sound decision-making. This is one of the reasons why seemingly well-designed poverty schemes fail; the poor are often found not to make the most of what is offered. Moreover, they exhibit self-defeating behaviour. They save too little, borrow too much, and fail to enroll in assistance programmes. other winners include: biophysicist roop Mallik from the Tata institute of Fundamental research, Mumbai, for life sciences; art historian Kavita singh from Jnu for humanities; navakanta Bhat from the iisc, Bangalore, for engineering and computer science; atmospheric scientist sk satheesh from iisc for physical sciences; and nalini anantharaman from the university of strasbourg, France, for mathematical sciences.