Stories of Economic Behaviours of Singaporeans
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 influences that affect housing prices? Kiasunomics 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. Based on the authors’ research, the book explains the influences and consequences of the decisions made by all of us, using simple economic logic.
The book follows the life journey of Teng — from birth to adulthood — and examines how personal decisions as well as those of others have economic implications on daily living. This is evident at the beginning of the book where the decision of Teng’s parents to have him as a Dragon baby affects his education, career and spending in the long haul. 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 is based on superstitious beliefs, and its location near a choice school and MRT station, which in turn influences prices.
This book touches on day-to-day-issues which resonate with Singaporeans from all walks of life. Some of these include how the Goods and Services Tax (GST) pushes Teng and his wife to shop in Johor and what this entails for their savings and Singapore businesses; how the haze or a nearby construction site affected Teng’s water and electricity consumption; and what financial challenges his parents face in their silver years. These are unravelled through the authors’ application of research findings.
Kiasunomics 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 GST, utility consumption and retirement.
978-981-3233-36-2 (Hardcover), 978-981-3234-53-6 (Softcover)
World Scientific Publishing
World Scientific Publishing Company was established in 1981 with only 5 employees in a tiny office. Today, the company employs more than 200 staff at its headquarters in Singapore and 450 globally. It has offices in New Jersey, London, Geneva, Hong Kong, Taipei, Beijing, Shanghai, Tianjin and Chennai. In about 3 decades, it has established itself as one of the leading scientific publishers in the world, and the largest international scientific publisher in the Asia-Pacific region.
World Scientific publishes about 600 new titles a year and 130 journals in various fields. Many of its books are recommended texts adopted by renowned institutions such as Harvard University, California Institute of Technology, Stanford University and Princeton University.
World Scientific broke new ground in 1991 when it signed a memorandum of agreement with the Nobel Foundation to publish the entire series of Nobel Lectures in all subjects – physics, chemistry, physiology or medicine, economic sciences and literature. The company had published and distributed the Nobel Lectures series (1901-2005) worldwide, making accessible the scientific, literary and humanitarian achievements of numerous Nobel laureates to a wide audience. Recently World Scientific signed a new memorandum of agreement with Nobel Media (Nobel Foundation) to publish the latest series from 2006 to 2010!
Apart from the Nobel lectures, we have collaborated with many Nobel laureates to produce best-selling books since the 1980s. Many serve as our editorial advisors and book series editors, while others have contributed articles and research papers to our journals.
In 1995, World Scientific co-founded the London-based Imperial College Press with London University’s Imperial College. In 2006, the Press became a wholly-owned subsidiary of World Scientific. The Press publishes mainly in the fields in which Imperial College itself is particularly well-known, such as Engineering, Medicine, Information Technology, Environmental Technology, and Management Sciences. Imperial College Press has published about 650 books and 8 journals to date.
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