Clement Wong, Author at Economics Student Society of Australia (ESSA) Economics Student Society of Australia (ESSA)

Clement Wong

I was first challenged to take on the economics perspective in high school. From these early days, I soon discovered a fascination in evaluation of human behaviour both in markets and everyday life. Since then, studying these phenomena at the University of Melbourne has been very enjoyable. In particular, classes in industrial economics, behavioural economics and international trade policy have been very insightful. I find that ESSA is a great opportunity to refine my thoughts and observations and share them with like-minded students. I'll be contributing regularly to economic discussion here and hope to hear from you. In my spare time I'll inevitably spend too much money online and cook terribly inedible meals.

Irrational Strategies: Dealing with an Altruistic Prisoner

By Clement Wong · October 24th, 2012

Why irrationality is sometimes a rational strategy for the homo economicus.

Planned Obsolescence: Buying into Consumerism

By Clement Wong · October 7th, 2012

Consumerism is the tendency to gratify oneself and consume in ever increasing amounts.

Planned Obsolescence: Competition Against Longevity

By Clement Wong · September 26th, 2012

Part Two in a series on Planned Obsolescence: How competition can withhold innovation.

Planned Obsolescence: The Light Bulb Conspiracy

By Clement Wong · September 12th, 2012

What is planned obsolescence? An explanation and brief history.

Koo’s Keynesian Key to the Balance Sheet Recession

By Clement Wong · August 19th, 2012

In this year’s David Finch lecture, Mr. Richard Koo provides enlightening analysis and a persuasive solution for some of the world’s most troubled economies.

Prospect Theory: Lotteries that Save Money

By Clement Wong · May 27th, 2012

An outline and analysis of PLS: Prize-Linked Savings, and the behavioural economics of lotteries in general.

The Flipside to Loyalty Cards

By Clement Wong · May 13th, 2012

Redeemable gifts and in-store discounts are on offer, and nearly everyone is being invited to join the program at zero cost.

The Cost of Low Prices

By Clement Wong · April 8th, 2012

One of the consistent comforts Australians can depend on is the competitively low prices at the big supermarkets. With Coles and Woolworths now calling a price war on fresh produce, it appears as if these giants are altruistically looking out for us, or are they?