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Archive for the ‘Society’ Category
The Endowment Effect on PAP supporters

The Endowment Effect on PAP supporters

There was an experiment where students were asked to choose between chocolate bars and mugs; 44% chose the chocolate bar. Then some were given chocolate bars, and they were asked whether they would exchange it for a mug, 90% chose not to, likewise for those given the mug only 11% chose to exchange. Linguistically this has been... 

Elected or selected presidency, both a waste of tax dollars

Elected or selected presidency, both a waste of tax dollars

With the Presidential Election due in 2 years’ time, the PAP government has arbitrarily decided to review the eligibility criteria of potential candidates. (“Three aspects of elected presidency to be reviewed: PM Lee”) One of the 3 areas to be reviewed is “how to ensure that minorities have a chance to be elected to... 

$300 monthly to get $1m at retirement?

$300 monthly to get $1m at retirement?

1 in 3 S’poreans not planning for retirement I refer to the article “1 in 3 young Singaporean adults not planning for retirement: Survey” (Channel NewsAsia, Feb 15). Most willing to save $300 monthly to have $1m at 65? It states that “Of those in the 25 to 35 age group, 86 per cent are willing to set aside S$300 a month... 



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