Kiasunomics 2 Economic Insights For Everyday Life

Author : Sumit Agarwal,Swee Hoon Ang,Tien Foo Sing
Publisher : World Scientific
Page : 304 pages
File Size : 40,5 Mb
Release : 2020-08-27
Category : Business & Economics
ISBN : 9789811217111

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Kiasunomics 2: Economic Insights For Everyday Life by Sumit Agarwal,Swee Hoon Ang,Tien Foo Sing Pdf

Have you ever wondered how one can save from taxi rides during surge pricing? Why you would shop more under sunny weather? What effects does a bankrupt neighbour have on residents living in the estate? How do people perceive risks during the coronavirus pandemic? Kiasunomics©2 explores these issues and more in a light-hearted and easy-to-understand manner, by showing the economic ramifications of individual choices through the lens of Teng, the protagonist of this book, and his family and friends. Based on research from the National University of Singapore, the book explains the influences and consequences of the decisions made by all of us, using simple economic logic.This sequel to , a finalist at the Singapore Book Awards 2018, fast forwards a couple of years and follows Teng in his mid-career as a taxi driver. Ferrying passengers for a living, Teng has to grapple with challenges arising from ride hailing services. As one of the breadwinners in a three-generation household, Teng's ability to make wise financial decisions in a fast-changing world becomes increasingly important in attaining his dream of moving his family up the socio-economic ladder.This book covers hot and timely topics, which include: falling prices of old Housing and Development Board flats, rising land prices, wealth disparity among households, the Central Provident Fund retirement policy, regulation of car population, ride hailing services, mobile payments, and the coronavirus pandemic. These are unravelled through the authors' application of research findings.The book brings to light the relevance of research, often seen as esoteric, on our daily life and decision making. It also bears on policy implications, particularly issues on transportation, health, housing, and retirement.

Author : Sumit Agarwal,Swee Hoon Ang,Tien Foo Sing
Publisher : Unknown
Page : 304 pages
File Size : 49,9 Mb
Release : 2020
Category : Consumer behavior
ISBN : 9811217106

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Kiasunomics© 2 by Sumit Agarwal,Swee Hoon Ang,Tien Foo Sing Pdf

Author : Sumit Agarwal,Swee Hoon Ang,Tien Foo Sing
Publisher : World Scientific
Page : 173 pages
File Size : 40,5 Mb
Release : 2024-01-30
Category : Business & Economics
ISBN : 9789811283475

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Kiasunomics 3: Economic Insights For Everyday Life by Sumit Agarwal,Swee Hoon Ang,Tien Foo Sing Pdf

Have you ever wondered whether the Build-To-Order scheme affects marriage and divorce? Do you think haze affects physical and intellectual characteristics of babies? Is there a relationship between foreign buyers and property transactions? Are women more strategic taxi drivers? These and more are discussed in Kiasunomics©3 in an easy-to-understand manner.Each chapter, written simply and light-heartedly, is self-contained and covers a different research topic conducted at the National University of Singapore. The research findings are discussed in conversational terms to help readers understand the influences and consequences of the decisions made by all of us, using simple economic logic.This edition covers topics including the effects of climate change on property prices, purchase behavior when there is an online security breach, effects of parental bankruptcy on children, food orders during COVID lockdown, and many more.The book brings to light the relevance of research, often seen as esoteric, on our daily life and decision-making. It also bears on policy implications, particularly issues on housing, retirement, and financing.

Author : Sumit Agarwal,Yeow Hwee Chua
Publisher : World Scientific
Page : 322 pages
File Size : 45,5 Mb
Release : 2023-10-18
Category : Business & Economics
ISBN : 9789811267147

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Household Financial Management by Sumit Agarwal,Yeow Hwee Chua Pdf

This book is dedicated to showcasing the importance of household financial management through the lens of academic research, with the goal of enhancing the financial well-being of individuals.Through an exploration of households' financial choices over their lifecycle, the book aims to provide a comprehensive understanding of households' financial decision-making processes, grounded in economic models, policies, and data.This holistic perspective encompasses an awareness of the functioning of different market types and an appreciation of various cognitive and behavioral biases. As a result, readers would be better positioned to make informed financial choices.By further integrating theories and empirical evidence from economics and finance, the book provides readers with insights into actions they can take to circumvent common financial pitfalls and offers solutions for effectively addressing them.Supplementary Material Resources:Resources are available to students who adopt this textbook for their courses. These include: (1) PowerPoint deck. Please contact [email protected].

Author : Sumit Agarwal,Tien Foo Sing,Swee Hoon Ang
Publisher : World Scientific
Page : 288 pages
File Size : 52,7 Mb
Release : 2017-11-10
Category : Business & Economics
ISBN : 9789813233386

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Kiasunomics©: Stories Of Singaporean Economic Behaviours by Sumit Agarwal,Tien Foo Sing,Swee Hoon Ang Pdf

Have you ever wondered whether individuals born in the year of the Dragon are truly blessed? Or why you can't find a taxi when you need one? What about the effects of superstitious beliefs on housing prices? Kiasunomics© explores these issues and more in a series of stories through the lens of Teng, the protagonist of this book. Told in a conversational story-telling style yet grounded on rigorous research, the book explains the influences and outcomes of the decisions we make, using simple economic logic.The book follows the life journey of Teng — from birth to adulthood — and examines how seemingly innocuous decisions bear economic consequences on his life. It starts with the decision by Teng's parents to have him as a Dragon baby and shows how this decision affects not only his education but also his career and spending in the long term. The grown-up Teng in later chapters, is a taxi driver who learns that the daily budgeting of finances from many of his taxi-driving friends has proven to be poor financial planning. The story also shows how his purchase of a flat based on superstitious beliefs, and its location near a primary school and a Mass Rapid Transit station influences prices, and with some surprising results.This book touches the man on the street with issues that many Singaporeans can identify with. These include how Singaporeans' shopping in Johor affects their spending and savings; how different shoppers respond variedly to predictable promotions such as the Great Singapore Sale; how the haze or a mere nearby construction site affects water and electricity consumption; how playing golf elevates women's opportunities to sit on corporate boards; how Singaporeans' travel patterns are affected by their opinion towards public transportation; and how retirement poses financial challenges in silver years. These and many more are unravelled in the 20 stand-alone chapters through the authors' application of their research findings to day-to-day issues.Kiasunomics© brings to light that research can be made relevant to our daily living. Research helps us make sense of what we do and with that, we can learn to make better decisions for a smarter thinking nation.

Author : Raymond W. Y. Kao
Publisher : World Scientific
Page : 233 pages
File Size : 53,5 Mb
Release : 2007
Category : Science
ISBN : 9789812704795

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Stewardship-based Economics by Raymond W. Y. Kao Pdf

Ownership-based economics has led to the rapid development and apparent universal success of the market economy. It is a system built on the deception of resource availability, ill-defined profit, and misled by the idea that an invisible hand can be an equitable system of distribution. It has resulted in a high living standard for a few select individuals, but at the expense of mankind and nature, ultimately culminating in the development of human conflict. This is a book with a blueprint for the twenty-first century, proposing a two-fold approach to easing the pressure on both the human race and the world we live in. It calls for a change of mindset from ownership to stewardship and a shift of responsibility to the corporate entities as a sub-system of the market economy.

Author : Sumit Agarwal,Zhiguo He,Bernard Yeung
Publisher : World Scientific
Page : 193 pages
File Size : 44,8 Mb
Release : 2020-12-23
Category : Business & Economics
ISBN : 9789811229398

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Impact Of Covid-19 On Asian Economies And Policy Responses by Sumit Agarwal,Zhiguo He,Bernard Yeung Pdf

On March 12th 2020, World Health Organization (WHO) declared the spreading of the new virus, 2019-nCoV, a pandemic. In Asia, the virus, more commonly referred to as COVID-19, has been spreading since the end of December. To contain the public health threat, almost all countries enforced a variety of measures, including lockdowns, to minimize face-to-face human interactions between the infected and the susceptible.While these vigilant measures save lives, they also generate a substantial negative economic shock that immediately halts demand and significantly disrupts supply, global production value chain and trade. The consequences are dire — considerable decline in output, massive surge in unemployment, countless bankruptcy cases, and unrelentless worries over financial stability. The result, a worldwide economic setback, is more severe than that experienced during the Great Financial Crisis of 2008-2009.Asia's experiences with COVID-19 precede that in the West. This fortuitous timing allows Asia to share its learnings drawn from experiences to benefit the world.The Asian Bureau of Finance and Economic Research's (ABFER) community has gathered a collection of insights to inform the public. Besides providing access to research on the pandemic conducted in Asia, these commentaries offer comprehensive information on the effects of the pandemic, the effectiveness of measures employed to contain it and the subsequent economic impacts from such implementation. With granular analyses of government policies and their associated economic rescue packages, these commentaries elucidate the hard trade-offs between public health protection and economic security. Finally, the commentaries address the broader impact of the pandemic on international trade, global value chains and society.

Author : Ngee Huat Seek,Tien Foo Sing,Shi Ming Yu
Publisher : World Scientific
Page : 300 pages
File Size : 40,8 Mb
Release : 2016
Category : Business & Economics
ISBN : 9789814689274

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Singapore's Real Estate by Ngee Huat Seek,Tien Foo Sing,Shi Ming Yu Pdf

"Singapore's Real Estate: 50 Years of Transformation documents the transformation and development of the real estate market in Singapore over the past 50 years. This volume is organised around two major themes, and covers issues from the "bricks and mortar" to the capital markets; and from local to international real estate markets. The themes aptly describe how real estate has played an important role in the economic development and growth of Singapore from a third world to a first world country. Written by well-renowned experts with deep academic and practical knowledge of the progress of real estate in Singapore, this book highlights the uniqueness of real estate markets and institutions in Singapore, which have constantly been replicated and adopted in other markets."--Provided by publisher.

Author : Donghyun Park
Publisher : World Scientific
Page : 361 pages
File Size : 45,8 Mb
Release : 2019-02-25
Category : Business & Economics
ISBN : 9789813274532

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Capitalism In The 21st Century: Why Global Capitalism Is Broken And How It Can Be Fixed by Donghyun Park Pdf

'Dr Donghyun Park is a prominent and rare economist in Asia who can combine frontline economic theories, lively data, and real-time policy analyses. Capitalism in the 21st Century is a masterful book by Dr Park, providing a comprehensive understanding of heterogenous trajectories of economies around the globe and more fundamental mechanisms of the modern capitalistic system. This is a 'must-read' for those who are interested in comparative economic systems, global economy, and international development.'Yasuyuki SawadaChief Economist, Asian Development BankProfessor of Economics, University of Tokyo'Donghyun Park makes clear that capitalism gets a bad rap, in large part because of too much emphasis on capital as in financial engineering, and too much emphasis on capitals as in government protectionism. Park argues a compelling case that genuine capitalism, which is about entrepreneurship, is necessary to solve the big problems most people face around the globe.'Adam S PosenPresident, Peterson Institute of International EconomicsGlobal capitalism is currently suffering from an unmistakable malaise, epitomized by wide and growing inequality that is eroding popular support for capitalism. Such anti-capitalist sentiment, coupled with a growing anti-globalization mood, delivered Brexit in a UK referendum and swept Donald Trump to the US presidency. In Capitalism in the 21st Century, internationally well-regarded economist Dr Donghyun Park articulately explains why more capitalism is needed to tackle global problems such as climate change and inhumane poverty. While defending capitalism against its unfair demonization, the author makes a positive case for entrepreneurial capitalism, which creates wealth and jobs as well as drives human progress. According to the author, reforming the financial industry, which has become a self-serving leviathan, and more fundamentally, tweaking the economic role of the government, which stifles growth-promoting entrepreneurship, are critical to restoring the vitality of capitalism. The book is explicitly written in such a way that the general reader without any background in economics or finance can easily understand it.Related Link(s)

Author : Ming Leong Kuan,Chi Hoong Leong,Jamie Poh,Yik Wei Yong,Chun Seng Yip,Boon Loy Chua
Publisher : World Scientific
Page : 351 pages
File Size : 53,6 Mb
Release : 2021-12-10
Category : Political Science
ISBN : 9789811250033

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Economics In Practice: Evidence-based Policymaking In Singapore by Ming Leong Kuan,Chi Hoong Leong,Jamie Poh,Yik Wei Yong,Chun Seng Yip,Boon Loy Chua Pdf

Singapore is recognised to be one of the most successful economies in the world given its rapid economic and social transformation. Its success is the result of a judicious blend of markets and government, high-quality governance, and public policies that are coherent, consistent and coordinated.This book showcases the contribution of Economics to Singapore's public policymaking. To illustrate the diverse areas that economic analysis has contributed to, this book comprises three sections that span the economic and non-economic policy domains in Singapore. Section I covers economic policies relating to economic growth, trade, investments, productivity, innovation, industrial development, the enterprise landscape and manpower. Section II highlights socioeconomic and security policies, and covers themes such as income inequality and mobility, families, healthcare costs and crime. In Section III, the focus is on infrastructural policies relating to the environment, housing and land transport.This book commemorates the 20th anniversary of the Singapore Government's Economist Service. As the premier service for economists in the Singapore public sector, the Economist Service plays an integral role in supporting evidence-based policymaking through rigorous economic research and analysis of public policies.

Author : Markku Wilenius
Publisher : World Scientific
Page : 128 pages
File Size : 44,9 Mb
Release : 2024-06-26
Category : Electronic
ISBN : 9781786342904

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Patterns of the Future by Markku Wilenius Pdf

Patterns of the Future explains the current world using the theory of long-term development waves (Kondratiev waves). Markku Wilenius, Professor of Futures Studies, argues that we are now entering the sixth wave: the age of intelligent, integrated technologies, helping to restore the balance between humans, technology and nature by radically improved material and energy efficiency and a wiser use of human potential. The unfolding sixth wave will challenge our current values, institutions and business models. Using a systems-based approach, Patterns of the Future analyses how corporations and the public sector can navigate in the sixth wave. Case studies look at specific examples of this, using high-profile companies to demonstrate both the best- (and worst-) case scenarios of innovation for change. This book spans concepts from multiple disciplines in the social sciences, making it relevant not only to undergraduate and graduate students in futures studies, environmental studies, economics, and business, but also national policymakers, think tanks, corporate operators and indeed for any one seriously interested in the future. Request Inspection Copy

Author : Jacob Glazer,Ariel Rubinstein
Publisher : World Scientific Publishing Company
Page : 153 pages
File Size : 55,6 Mb
Release : 2016-08-22
Category : Business & Economics
ISBN : 9789813141339

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Models of Bounded Rationality and Mechanism Design by Jacob Glazer,Ariel Rubinstein Pdf

This book brings together the authors' joint papers from over a period of more than twenty years. The collection includes seven papers, each of which presents a novel and rigorous model in Economic Theory. All of the models are within the domain of implementation and mechanism design theories. These theories attempt to explain how incentive schemes and organizations can be designed with the goal of inducing agents to behave according to the designer's (principal's) objectives. Most of the literature assumes that agents are fully rational. In contrast, the authors inject into each model an element which conflicts with the standard notion of full rationality, demonstrating how such elements can dramatically change the mechanism design problem. Although all of the models presented in this volume touch on mechanism design issues, it is the formal modeling of bounded rationality that the authors are most interested in. A model of bounded rationality signifies a model that contains a procedural element of reasoning that is not consistent with full rationality. Rather than looking for a canonical model of bounded rationality, the articles introduce a variety of modeling devices that will capture procedural elements not previously considered, and which alter the analysis of the model. The book is a journey into the modeling of bounded rationality. It is a collection of modeling ideas rather than a general alternative theory of implementation.

Author : Kao Rowland R,Kao Kenneth R,Kao Raymond W Y
Publisher : World Scientific Publishing Company
Page : 496 pages
File Size : 48,6 Mb
Release : 2002-12-10
Category : Business & Economics
ISBN : 9781911298205

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Entrepreneurism: A Philosophy And A Sensible Alternative For The Market Economy by Kao Rowland R,Kao Kenneth R,Kao Raymond W Y Pdf

Contrary to traditional belief, entrepreneurism is not just about making money, nor is it merely about starting up a venture or owning a small business — it is a way of life, applicable to all human economic activities. Living on a planet with finite resources, humanity is sustainable only if there is constant pursuit of innovation and creativity, not just for personal gain but also for the common good.This book provides concise definitions of ‘entrepreneurism’, ‘entrepreneurship’, ‘entrepreneur’ and ‘entrepreneurial’ for education and application within the framework of the market economy; acts as a signpost pointing the way toward balancing the short-term need for survival with the long-term need for sustainable growth; and serves as a philosophical beacon that will guide individuals, particularly, business leaders, toward actions in the interest of humanity.

Author : Toseef Azid,Jennifer L Ward-batts
Publisher : World Scientific
Page : 678 pages
File Size : 51,9 Mb
Release : 2020-06-22
Category : Business & Economics
ISBN : 9789811212161

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Economic Empowerment Of Women In The Islamic World: Theory And Practice by Toseef Azid,Jennifer L Ward-batts Pdf

The book, Economic Empowerment of Women in the Islamic World, discusses the economic, social, and political rights and status of women in Islam, which is theoretically given by the Islamic Jurisprudence (Shariah law). The chapters in this volume will address historical practices in comparison to the status of women in the contemporary Muslim world. Men and women in Islam, regardless of their age, social class, and education, are equal as citizens and individuals, but not identical in their rights and responsibilities. It can be observed from Islamic history that in the early age of Islam, women were given full confidence, trust, and high responsibilities in leadership, educational guidance, and decision-making.This volume will try to clarify the confusion in the status of the women in Islam that is presented by the media, as it is assumed that theoretical Islamic empowerment of women bears little relation to the real conditions of women in modern Muslim societies. It has been widely claimed in the media that Muslim women suffer more than men in Muslim societies and communities in terms of insecurity, domestic abuse, and low access to education and medical care. It is also stated in the press and media that absence of good governance also results in gender inequality and violation of the rights of Muslim women.This volume also aims to provide the solutions for the empowerment of women in the Islamic world. We assumed that without good governance, the status of women is not likely to improve. Muslim women have the potential to play a fundamental role in curbing corruption, social ills, violence, and crime in the Muslim world. This volume will make the case that in order to achieve stability and prosperity, the government must ensure a platform for women to participate in decision-making and hence benefit from the rights they are accorded in Islam.By covering a range of perspectives on the economic lives of Muslim women around the world, it hopes to shed light on the problems faced and to offer possible solutions to the empowerment of women in the Islamic world.

Author : Doris Naisbitt,John Naisbitt
Publisher : World Scientific
Page : 208 pages
File Size : 40,6 Mb
Release : 2017-12-28
Category : Business & Economics
ISBN : 9789813234918

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Mastering Megatrends by Doris Naisbitt,John Naisbitt Pdf

From the author of the New York Times bestseller, Megatrends: Ten New Directions Transforming Our Lives, comes the new title on dealing with the complexity of change. It is one thing to spot the real trends from the fads, but it is another whole new ball game to deal with the incoming trend. This is the centrepiece of Mastering Megatrends.