{"id":17209,"date":"2015-10-07T00:00:00","date_gmt":"2015-10-06T16:00:00","guid":{"rendered":"https:\/\/fass.nus.edu.sg\/srn\/2015\/10\/07\/how-long-would-you-hold-on-for-a-car\/"},"modified":"2020-09-28T23:56:54","modified_gmt":"2020-09-28T15:56:54","slug":"how-long-would-you-hold-on-for-a-car","status":"publish","type":"post","link":"https:\/\/fass.nus.edu.sg\/srn\/2015\/10\/07\/how-long-would-you-hold-on-for-a-car\/","title":{"rendered":"How long would you hold on for a car?"},"content":{"rendered":"
How does economics drive contestants in the MediaCorp Subaru Impreza WRX Challenge, an annual car challenge in which over\u00a0400 individuals slug it out for a chance\u00a0to win a Subaru?\u00a0<\/span><\/span><\/div>\n
In ‘How long would you hold on for\u00a0a car?’,\u00a0Senior Lecturer Eric Fesselmeyer and A\/P Serene Tan (Dept. of Economics) used economics to explain how hard people try to win. With the help of\u00a0a statistical method called regression analysis they showed\u00a0negative\u00a0correlation between time spent on winning the car<\/span>,<\/span> the cost of COE and positive correlation between time spent and car price.\u00a0<\/span><\/span><\/div>\n
Click here for the article:<\/span><\/span><\/div>\n
http:\/\/www.straitstimes.com\/opinion\/how-long-would-you-hold-on-for-a-car<\/span><\/a><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"

How does economics drive contestants in the MediaCorp Subaru Impreza WRX Challenge, an annual car challenge in which over\u00a0400 individuals slug it out for a chance\u00a0to win a Subaru?\u00a0 In ‘How long would you hold on for\u00a0a car?’,\u00a0Senior Lecturer Eric Fesselmeyer and A\/P Serene Tan (Dept. of Economics) used economics to explain how hard people […]<\/p>\n","protected":false},"author":247,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","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":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","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":""},"categories":[4529],"tags":[],"class_list":["post-17209","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/fass.nus.edu.sg\/srn\/wp-json\/wp\/v2\/posts\/17209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fass.nus.edu.sg\/srn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fass.nus.edu.sg\/srn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fass.nus.edu.sg\/srn\/wp-json\/wp\/v2\/users\/247"}],"replies":[{"embeddable":true,"href":"https:\/\/fass.nus.edu.sg\/srn\/wp-json\/wp\/v2\/comments?post=17209"}],"version-history":[{"count":1,"href":"https:\/\/fass.nus.edu.sg\/srn\/wp-json\/wp\/v2\/posts\/17209\/revisions"}],"predecessor-version":[{"id":26163,"href":"https:\/\/fass.nus.edu.sg\/srn\/wp-json\/wp\/v2\/posts\/17209\/revisions\/26163"}],"wp:attachment":[{"href":"https:\/\/fass.nus.edu.sg\/srn\/wp-json\/wp\/v2\/media?parent=17209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fass.nus.edu.sg\/srn\/wp-json\/wp\/v2\/categories?post=17209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fass.nus.edu.sg\/srn\/wp-json\/wp\/v2\/tags?post=17209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}