Kiasunomics 2: Economic Insights For Everyday Life. Sumit Agarwal

Kiasunomics 2: Economic Insights For Everyday Life

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“Building on the success of the first volume, Kiasunomics^©2 has returned to explain, in clear and simple prose, how economic principles shape our everyday lives, and influence the decisions we make.Kiasunomics^©2 explores many topics near and dear to many Singaporeans — public housing, education, and even shopping! The book also wonderfully illustrates how exciting and original research can help us better understand our ever-changing environment, and guide us to make better and more informed choices.”

Professor Tan Eng Chye

President, National University of Singapore

“The authors have mastered the knack of explaining complex behavioural economics concepts in language that is easy for a layman to understand. They contextualise these insights to Singapore, which make them even more relevant. Their research is first-rate, and the insights interesting. A great follow-up to Kiasunomics©!”

Mr Piyush Gupta

Chief Executive Officer and Director, DBS Group

“Economics comes alive in our daily behaviour and decisions. Using the life journey of the protagonist Teng from his birth to adulthood, the authors adopted an easy conversational style to describe common decisions we all made to minimise living costs, optimise opportunities and maximise investment potential. It is a lighthearted yet so-real rendition of how we effectively manage our ‘kiasuism’ and fear of missing out on anything.”

Ms Claire Chiang

Co-Founder, Banyan Tree Holdings

Published by

World Scientific Publishing Co. Pte. Ltd.

5 Toh Tuck Link, Singapore 596224

USA oﬃce: 27 Warren Street, Suite 401-402, Hackensack, NJ 07601

UK oﬃce: 57 Shelton Street, Covent Garden, London WC2H 9HE

National Library Board, Singapore Cataloguing in Publication Data

Name: Agarwal, Sumit. | Ang, Swee Hoon. | Sing, Tien Foo.

Title: Kiasunomics^© 2 : economic insights for everyday life / Sumit Agarwal,

Ang Swee Hoon, Sing Tien Foo.

Description: Singapore : World Scientific, [2020]

Identifier(s): OCN 1135957625 | ISBN 978-981-12-1839-2 (paperback) |

ISBN 978-981-12-1709-8 (hardcover)

Subject(s): LCSH: Economics--Singapore--Psychological aspects. |

Consumer behavior--Singapore.

Classification: DDC 330.019--dc23

British Library Cataloguing-in-Publication Data

A catalogue record for this book is available from the British Library.

All rights reserved. This book, or parts thereof, may not be reproduced in any form or by any means, electronic or mechanical, including photocopying, recording or any information storage and retrieval system now known or to be invented, without written permission from the publisher.

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For any available supplementary material, please visit

https://www.worldscientific.com/worldscibooks/10.1142/11741#t=suppl

Desk Editor: Jiang Yulin

Design and layout: Loo Chuan Ming

Printed in Singapore

Contents

Foreword

Acknowledgements

Note from the Authors

List of Acronyms

Introduction

Chapter 1Fickle Fingers