About
9
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Introduction
Current institution
Additional affiliations
December 2014 - April 2022
Education
June 2022 - June 2023
April 2013 - June 2014
January 2009 - May 2012
Publications
Publications (9)
This paper introduces a structured framework for applying the Loss Aversion Distribution (LAD) model, a novel approach to understanding time-sensitive decision-making behaviors influenced by loss aversion. The LAD model provides actionable insights for industries by capturing how perceived value diminishes over time, optimizing pricing strategies,...
Over the past three decades, the topic of consumer animosity has attracted the interest of academics, researchers,and policy makers. Researchers have attempted to understand the underlying constructs that lead to consumer’sanimosity using conceptual models to explain antecedents and consequences of consumer’s animosity. Thisstudy revisits the socia...
This research introduces the concept of the loss aversion distribution, a pioneering framework designed for the analysis of consumer behavior. Departing from the conventions of traditional exponential models, this innovative approach incorporates a non-memoryless characteristic, which modulates the consumer's response to loss aversion throughout th...
In a market setting where trade of TSVD good such as the movie ticket is involved, consumers set selling price lower than buying price-a phenomenon known as the reversal of loss aversion. And uncertain information in an unknown (partial information) or known (full information) format has no influence on the prices the consumers set when it comes to...
RISIS (the reversed acronym of SISIR which stands for Singapore Institute of Standards and Research) is a home-groom brand of Singapore which has its root started in 1976, when a scientist sought to immortalize a rare orchid breed and use it as a gift to his wife. Since then, RISIS has turned into a well-recognized, iconic brand around the world. O...
The Loss Aversion Distribution is a continuous probability distribution (CPD) designed to model the loss-aversive behavior of consumers in time-sensitive environments, particularly in the pricing of perishable goods. Traditional pricing strategies have long relied on heuristics and gut-feelings, making it difficult for AI systems to learn and optim...
Behavioral economics is a study of decision-making from the perspective of individual’s or institutions’ behavior arising from a departure from the classical economic theory. One example would be the differences in setting buying price and selling price for the same product due to the attachment one has with it. In an uncertain environment where ev...
Since the ancient times, philosophers have provided rationalistic, intellectual, and compelling arguments for researchers – be it ancient, enlightenment, contemporary or modern age – to establish scientific knowledge through empirical observations using induction and/or deduction. Their observations and arguments had led to wisdom. It is this wisdo...
Questions
Question (1)
If you wish to help someone understand statistical analysis in your work, how would you approach the explanation of technique?
This is an interesting question because a good degree of understanding in statistical analysis is measured by our ability to simplify it through analogies and illustration, without losing quality and substance. What are some of the ways you would take to explain them??
