{"id":14986,"date":"2022-11-11T17:16:13","date_gmt":"2022-11-11T09:16:13","guid":{"rendered":"https:\/\/fass.nus.edu.sg\/ecs\/?page_id=14986"},"modified":"2022-11-11T17:16:13","modified_gmt":"2022-11-11T09:16:13","slug":"two-undergraduates-win-awards-for-their-research","status":"publish","type":"page","link":"https:\/\/fass.nus.edu.sg\/ecs\/two-undergraduates-win-awards-for-their-research\/","title":{"rendered":"Two undergraduates win awards for their research"},"content":{"rendered":"

\n\t\tTwo undergraduates win awards for their research\n\t<\/h2>\n\t\t\t\t\"Rafi\"\n\t

Mohamad Rafi Kamsani<\/em><\/p>\n\t

Mohamad Rafi Kamsani won the department\u2019s Ministry of Trade and Industry Economist Service Best Thesis Prize for his research titled \u201cAn Empirical Analysis Of The Interaction Effects Of Live Feedback And Social Comparison Interventions On Resource Conservation.\u201d<\/p>\n

Rafi studied resource conservation initiatives, that is initiatives to encourage households to consume less of resources like electricity and water. The two initiatives he considered were (1) comparing of resource usage with neighbours, and (2) providing live feedback on resource usage. While both initiatives are implemented by various agencies, the combined effects of such initiatives may not be strictly additive. Rafi implemented a randomized field experiment to investigate the effect of live feedback and social comparison on water-use per shower and air-conditioning use per day of students residing in Residential Colleges. He found that live feedback alone induces a stronger conservation effect than when both interventions are implemented.<\/p>\n\t

Shane modelled the matching of buyers and sellers in the housing market in Singapore amidst search frictions, with two key characteristics. First, agents are heterogenous. An agent\u2019s value of search depreciates over time if they stay without a match in the market. They start out as \u201crelaxed\u201d, that is they have a high value of searching within the market, but if they stay without a match in the market for an extended period of time, they naturally start to become \u201cdesperate\u201d and end up having a lower value of search. Second, agents have access to two markets; buyers have access to the public (Built-To-Order) market and the private resale market while sellers have access to the same resale market and a rental market.<\/p>\n

He predicts how two government policies, increasing the supply of BTO homes, and reducing the prices of such houses, impact the way agents match in the market. He finds that because a \u201cdesperate\u201d buyer is more eager for a match relative to \u201crelaxed\u201d buyer, an increase in the supply of BTO homes almost always benefits this \u201cdesperate\u201d buyer more because it directly allows for a match to happen \u201cfaster\u201d. However, a reduction in the price of BTO homes only affects the payoff from matching (thus increasing the value of search) and not directly the rate of matching. This policy almost always benefits the \u201crelaxed\u201d buyer more than their \u201cdesperate\u201d counterpart since it incentivizes them to opportunistically wait for a \u201cdesperate\u201d seller for a better net gain.<\/p>\n\t\t\t\t\"shane\n\t

Shane Sabatino Arriola<\/em><\/p>\n\t

TW, 28 July 2022<\/p>\n","protected":false},"excerpt":{"rendered":"

Two undergraduates win awards for their research Mohamad Rafi Kamsani Mohamad Rafi Kamsani won the department\u2019s Ministry of Trade and Industry Economist Service Best Thesis Prize for his research titled \u201cAn Empirical Analysis Of The Interaction Effects Of Live Feedback And Social Comparison Interventions On Resource Conservation.\u201d Rafi studied resource conservation initiatives, that is initiatives […]<\/p>\n","protected":false},"author":238,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-14986","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/fass.nus.edu.sg\/ecs\/wp-json\/wp\/v2\/pages\/14986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fass.nus.edu.sg\/ecs\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/fass.nus.edu.sg\/ecs\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/fass.nus.edu.sg\/ecs\/wp-json\/wp\/v2\/users\/238"}],"replies":[{"embeddable":true,"href":"https:\/\/fass.nus.edu.sg\/ecs\/wp-json\/wp\/v2\/comments?post=14986"}],"version-history":[{"count":2,"href":"https:\/\/fass.nus.edu.sg\/ecs\/wp-json\/wp\/v2\/pages\/14986\/revisions"}],"predecessor-version":[{"id":14989,"href":"https:\/\/fass.nus.edu.sg\/ecs\/wp-json\/wp\/v2\/pages\/14986\/revisions\/14989"}],"wp:attachment":[{"href":"https:\/\/fass.nus.edu.sg\/ecs\/wp-json\/wp\/v2\/media?parent=14986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}