Two years ago, for our finance course, we had to do a group presentation on ‘nudge economics’. This was when I first read the book “Nudge: Improving Decisions About Health, Wealth, and Happiness”. I was fascinated by the psychological insights and their real-life economic applications, especially how a nudge could bring positive results with extraordinarily little effort. This led me to explore the systemic flaws in thinking that affect our everyday decision-making, which we are unaware of. That’s unfortunate because becoming aware of our biases can help us make better informed decisions. Thus, reading the book “Nudge” became my gateway to the world of behavioral economics.

​Bangladesh has passed nearly half a century after gaining its independence. In this short essence of time, it has obtained so much luring progress that has truly thrived the living standards of its citizens. Without the utmost endeavor of rank and file, it was hardly possible for the state to penetrate the pathway of so-called "development." A long way back, the notion of measuring development was restricted to commercial matters only. The primitive idea was nothing less than parochial thinking because multidimensional aspects that are inextricably linked to human life were missing in the circle. Later on, the concept ameliorated, and it turned into a change of human life in a positive manner through different factors like proper education, living standard, and life expectancy. Like other factors, education helped a lot in the voyage of development, mostly by constructing a sharp increase in the productivity as well as creativity of the general people, making precise decisions to move forward, and making the best use of technological benefits.