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(14 May 2019), https://www.tnp.sg/news/views/air-quality-affects-productivity-study; Ho Teck Hua, Ivan P.L. Png and Sadat Reza (2018), “Sunk Cost Fallacy in Driving the World’s Costliest Cars,” Management Science, Vol. 64 (4), pp. 1761-1778, https://mpra.ub.uni-muenchen.de/82139/1/MPRA_paper_82139.pdf; Yang Nan and Lim Yong Long (2018), “Temporary Incentives Change Daily Routines: Evidence from a Field Experiment on Singapore’s Subways,” Management Science, Vol. 64 (7), pp. 3365-3379, https://pubsonline.informs.org/doi/abs/10.1287/mnsc.2017.2731

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      ¹ For more on this research on the effects of haze on Singaporeans’ utilities consumption, see Sumit Agarwal, Ang Swee Hoon and Sing Tien Foo (2018), Kiasunomics: Stories of Singaporean Economic Behaviours, Chapter 16 “Smoke Gets in Your Eyes,” (Singapore: World Scientific Publishers). To read the academic article, see Sumit Agarwal, Sing Tien Foo and Yang Yang (2017), “Risk Avoidance and Environmental Hazard: Effects of the Transboundary Haze Pollution in Singapore,” https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2942096

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