Loss aversion – Endowment effect – Sunk cost fallacy – Status quo bias

April 5, 2023
In the field of behavioral economics, loss aversion, endowment effect, sunk cost fallacy, and status quo bias are among the most well-known psychological biases that affect human decision-making. These biases can have a significant impact on individual behavior and can also be important for

Weekly Economics Tuition Classes: Mastering the Art of Economics

March 31, 2023
Economics can be a complex and challenging subject, but it is an essential part of the curriculum for students who aspire to pursue higher education in business, economics, or finance. To achieve academic excellence in this field, students need to master the art of economics. Attending weekly

Scarcity as the central economic problem

March 30, 2023
Scarcity is a central concept in economics that defines the fundamental problem of resources being limited in supply and unable to satisfy all of society’s wants and needs. This concept is important because it highlights the need to make choices about what to produce, how to produce it, and

Economics tutor

March 23, 2023
Mr. Anthony Fok, the founder and sole tutor at JCEconomics.com, is a highly dedicated teacher who is committed to helping his students achieve academic excellence. He is always available to assist his students outside of lessons and provides additional resources to those who require them. Mr. Fok

Economics Tuition in Singapore

March 23, 2023
Economics Tuition in Singapore: What You Need to Know Singapore has become a hub for education and employment opportunities in recent years, with a growing number of international students seeking further studies in the country. However, many students struggle with economics, a subject that

Econs Tuition at Bukit Timah

March 23, 2023
A-level Economics is a popular subject for students in Junior College in Singapore. However, as it is a relatively new subject for many students, they often require expert guidance to understand its concepts. This is where economics tuition comes in. Economics tuition classes, such as JC Economics