Never throw good money after bad. And don't be imprisoned to the past. Amit Varma and Vivek Kaul begin with a story from Vietnam and end with a musing on bad relationships, explaining the factor common to both: THE SUNK COST FALLACY. Every single day, we encounter this fallacy in our lives. Recognising it is the best way to avoid it!

What does Shaheen Bagh have in common with Tahrir Square in Egypt and Gezi Park in Istanbul? A lot! In episode 12 of The Book Club, Amit Varma discusses 'Twitter and Tear Gas' by Zeynep Tufekci, which looks at the similarity in citizen protests across the world over the last decade.

Check out the most interesting Turning points in Indian Cricket with Amit Varma and Prem Panicker and their insights on those events.

Humans are the only species who can reprogram themselves. This is astounding. In episode 8 of The Book Club, Amit Varma recommends you read 'Hacking Darwin' by Jamie Metzl, a lucid summation of the technological implications of genetic science – and the ethical questions they raise.

Check out the most interesting Turning points in Indian Cricket with Amit Varma and Prem Panicker and their insights on those events.

Check out the most interesting Turning points in Indian Cricket with Amit Varma and Prem Panicker and their insights on those events.

What is the purpose of the law? What should be the role of the state? Are we subjects or citizens? In episode 6 of The Book Club, Amit Varma argues that we have normalised oppression by the state, and we need to examine it anew with clear eyes. There is no better guide to this than Frédéric Bastiat's 19th-century masterpiece, 'The Law.'

Why do restaurants often list their more expensive items first? Why are sales such an attractive proposition? Amit Varma and Vivek Kaul explain the ANCHORING EFFECT. Understanding this is key to not being exploited – and to better decision-making.

Indian society is toxic, sexist, misogynist -- and it has always been this way. In episode 9 of The Book Club, Amit Varma raves about 'Yuganta', Irawati Karve's masterpiece about the sociology of the Mahabharata.

We often think in binaries: something either happened, or it did not. But a far better way to look at the world is through PROBABILISTIC THINKING. This is also how we should evaluate the most important decision in Mahendra Singh Dhoni's career. Listen in for the full dope!

Vivek Kaul went to Goa, ate too much and got the loosies. But why? As he explains in his conversation with Amit Varma, he made a mistake in MENTAL ACCOUNTING. This concept sheds light on a mistake we all make when it comes to money management – and much, much else.

The GDP is today more a political tool than a statistical one. In episode 11 of The Book Club, Amit Varma recommends 'GDP: A Brief But Affectionate History" by Diane Coyle, a perfect primer on the origin and drawbacks of this controversial measure.