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Kiasunomics 2: Economic Insights For Everyday Life (Paperback)
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Kiasunomics 2: Economic Insights For Everyday Life (Paperback)
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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 (c)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.
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