Prashant Verma

ex-Product @CRED_club @unacademy @amazon || @iitroorkee grad || MBA @FMS_Delhi. Interests: start-ups, technology, comedy, history, quizzing, sports, & science.

[Prashant Verma @prashant_v91]

TIL of a wild conspiracy theory that some ultra-wealthy individual might have hunted humans through snipers (and specialised guns) during the Bosnian war.

What's unnerving is that the service providers were charging the perpetrators based on the target's age-group. Even the children and the elderly were not spared.

Name of the documentary - Sarajevo Safari.
Youtube video - https://t.co/gRuFk2RywD

[Crémieux @cremieuxrecueil]

The adoption of cellphones by Keralan fishermen is, I believe, the most stunning example of the contribution of information technology to market performance.

Take a look at this graph for background: in three different regions of Kerala, phones were adopted at different times.
Kozhikode got cellphones before Kannur, who got them before Kasaragod. Adoption by fishermen was fast when phones were finally introduced:
Now look at what happened to the price of fish after phones entered the scene:
The dispersion in prices virtually disappeared! The author of the study wrote about this that:

"Before any region had mobile phones, the degree of price dispersion across markets within a region on any given day is high, and there are many cases where the price is zero (i.e., waste). However, within a few weeks of mobile phones being introduced in Region I, there is a sharp and striking reduction in price dispersion. Prices across markets in the region rarely differ by more than a few rupees per kilogram on any day, compared to cases of as much as 10 Rs/kg prior to the introduction of mobile phones. In addition, the prices in the various markets rise and fall together and the week-to-week variability within each market is much smaller, since catchment zone-specific quantity shocks are now spread across markets via arbitrage. Further, there are no cases of waste in this region after phones are introduced.

"By contrast, price behavior in regions II and III appears largely unchanged after phones are introduced in region I. However, after mobile phones are introduced in region II, prices again become much less dispersed across markets on any given day, less variable within markets over time, and waste is ultimately eliminated, whereas region III again remains unchanged. Finally, the same pattern holds once region III adds phones."

Efficient information transmission enables efficient markets. It's amazing what technology can do.

Read the study here: https://t.co/JcgGQp3G0C

[Prashant Verma @prashant_v91]

PS - I have used my test educator account to make this recording, all numbers used in the video are for representation only.

[Prashant Verma @prashant_v91]

At @unacademy we are in constant awe of the passion and dedication exhibited by our phenomenal educators. So for Teachers' Day we launched a new feature over the Educator app. Below you'll see the culmination of our effort.
#UNwrapTeachersDay
#TeachersDay2021

[Mark Karake @KarakeMark]

“We are going to kill ourselves because of stupidity”

[M @mister_whistler]

C’mon Monisha..

[Prashant Verma @prashant_v91]

@amazonIN You certainly made my cat's day by restarting deliveries in my locality. Here's him claiming his territory in one of your delivery boxes. We would love to create a bigger (and cuter) cat house, with more boxes, for other 2 cats as well. Keep them coming :)

[Prashant Verma @prashant_v91]

@ACTFibernet I would no longer need your internet services. Please deactivate my account. I have tried calling you, but apparently its deactivated. I have dropped 2 emails on this already. Dropped message on this handle as well. Please respond ASAP.

[Prashant Verma @prashant_v91]

@PAYBACKIndia Can you please look into service request number 21610099 at the earliest? Need to get my phone number changed.

[Prashant Verma @prashant_v91]

@tomorrowland I had raised a Paypal refund request for my bracelet (W1) 3.5 months back. I have still not received the refund, and do not see any action being taken against the same. Please let me know what is the hold-up here.

[Prashant Verma @prashant_v91]

@sleepyowlcoffee I had ordered the Cred offer (ID - 52324) 1.5 months back. Surprisingly, the shipment never reached me and when I checked the delivery status, I realized that the shipment was returned without any delivery attempt. What is the hold-up here?

[Alan Gardner @alanroderick]

The good news for India, though, is that MS Dhoni's ODI average has gone up from 50.45 to 50.65

[Prashant Verma @prashant_v91]

Everyone: June-July is are the wettest months for England.
ICC: Great, let's schedule the biggest Cricketing quadrennial event there. What can possibly go wrong.
@ICC @cricketworldcup
#CricketWorldCup2019 #WorstWorldCupEver

[Prashant Verma @prashant_v91]

@Nivivacious @Nivivacious You shouldn't be. Took me 3 hours to reach my home back.

[Prashant Verma @prashant_v91]

@Nivivacious Hahaha. Just saw her profile. Following her right away.

[Prashant Verma @prashant_v91]

@Nivivacious LOL

[Prashant Verma @prashant_v91]

@Nivivacious LOL

[Prashant Verma @prashant_v91]

@Nivivacious Die. Works every time.

[Prashant Verma @prashant_v91]

@Nivivacious There is a very fine distinction between stupidity and bravery. Just saying.