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Tag Archives: Economics
Why is there nothing in A Level Economics about commercial banks?
Here’s something I’ve been quite frustrated about. As I’ve revisited “A” Level Economics, I still understand next to nothing about commercial banks. I learnt a theoretical framework for how consumers make purchasing decisions. We learn about elasticity of demand- how … Continue reading
Ministerial Pay 2012: The Neglected Truth About Incentives
There is powerful evidence that we have been completely wrong about the effectiveness of financial incentives and extrinsic motivation. Financial incentives often improve performance. But they can also lead to unethical behavior, fuel turnover and foster envy and discontent. Wharton … Continue reading
Posted in Singapore
Tagged Economics, Incentives, Ministerial Pay, PAP, Politics, SG Elections 2011, Singapore
15 Comments
The haze, herd mentality and effective solutions.
The crush, cram and long queues in between lectures always bothered me when I was a student in TPJC. I wasn’t bothered by the fact that there were large crowds- that’s to be expected. What bothered me in particular was … Continue reading
boost productivity tremendously with the right incentives!
What should a CEO do when he realises that there’s someone who could be a better CEO than himself? Idealistically, he should relinquish the job because it would be in the best interests of the company, yet realistically he would … Continue reading
the economics of ignorance
I was on the typology central forums today and I found an interesting question: Why do people love assumptions? First of all, I humbly suggest that the main reason why anybody makes any sort of assumption in any sort of … Continue reading
fare hikes good, complaining bad
So taxi fares are up again, and it can get pretty damn painful to take a cab these days! The plus side is that taxis are everywhere now- every single taxi stand I’ve seen has at least a couple of … Continue reading
