Kiasunomics 2: Economic Insights For Everyday Life

Kiasunomics©2 explores the economic implications of individual choices through the lens of Teng, a taxi driver, and his family and friends. Based on research from the National University of Singapore, the book explains the influences and consequences of decisions made by all of us, using simple economic logic. It covers hot and timely topics such as 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. The book brings to light the relevance of research on our daily life and decision-making and has policy implications on transportation, health, housing, and retirement.

Format: Hardback
Length: 304 pages
Publication date: 19 October 2020
Publisher: World Scientific Publishing Co Pte Ltd

Have you ever pondered the art of saving from taxi rides during surge pricing? Why do you tend to shop more on sunny days? What impact do bankrupt neighbors have on residents living in an estate? How do individuals perceive risks during the coronavirus pandemic? Kiasunomics©2 delves into these intriguing questions and many more, presenting them in a lighthearted and easily understandable manner. Through the lens of Teng, the protagonist of this book, and his family and friends, the book explores the economic ramifications of individual choices using simple economic logic. This sequel to the 2018 Singapore Book Awards finalist follows Teng in his mid-career as a taxi driver, navigating the challenges posed by ride-hailing services. As one of the breadwinners in a three-generation household, Teng's ability to make wise financial decisions in a rapidly changing world becomes increasingly crucial in achieving his dream of moving his family up the socio-economic ladder. This book covers hot and timely topics such as 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 issues are unraveled through the author's application of research findings. The book sheds light on the relevance of research, often perceived as esoteric, in our daily lives and decision-making processes. It also has policy implications, particularly in transportation, health, housing, and retirement.

Weight: 526g
Dimension: 158 x 236 x 29 (mm)
ISBN-13: 9789811217098