The kiasu culture and herd behaviour in Singapore
The kiasu culture and its implications on Singapore have been topics of contention for many years. Social observers have noted that the kiasu culture has had a significant effect on herding behaviour among individuals in Singapore. In this paper, we develop a model under the framework suggested b...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Language: | English |
| Published: |
2017
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/70229 |
| _version_ | 1811677127385284608 |
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| author | Choy, Ruth Hui Yi Teoh, Yee En Geowynn Loh, Shi Qi |
| author2 | Au Pak Hung |
| author_facet | Au Pak Hung Choy, Ruth Hui Yi Teoh, Yee En Geowynn Loh, Shi Qi |
| author_sort | Choy, Ruth Hui Yi |
| collection | NTU |
| description | The kiasu culture and its implications on Singapore have been topics of contention for many years.
Social observers have noted that the kiasu culture has had a significant effect on herding behaviour
among individuals in Singapore. In this paper, we develop a model under the framework suggested
by Bikhchandani, Hirshleifer and Welsh (1991) to theoretically investigate this effect. Our findings
suggest that all players who are risk-averse in their relative wealth exhibit an extremely strong
tendency to follow the actions of players before them and attain the same relative wealth positions as
before. Our research has potential extensions in the field of socio-economics, particularly in public
policy development and decision-making within groups of individuals marked by similar competitive
nature. |
| first_indexed | 2024-10-01T02:32:25Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/70229 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T02:32:25Z |
| publishDate | 2017 |
| record_format | dspace |
| spelling | ntu-10356/702292019-12-10T14:21:59Z The kiasu culture and herd behaviour in Singapore Choy, Ruth Hui Yi Teoh, Yee En Geowynn Loh, Shi Qi Au Pak Hung School of Humanities and Social Sciences DRNTU::Social sciences The kiasu culture and its implications on Singapore have been topics of contention for many years. Social observers have noted that the kiasu culture has had a significant effect on herding behaviour among individuals in Singapore. In this paper, we develop a model under the framework suggested by Bikhchandani, Hirshleifer and Welsh (1991) to theoretically investigate this effect. Our findings suggest that all players who are risk-averse in their relative wealth exhibit an extremely strong tendency to follow the actions of players before them and attain the same relative wealth positions as before. Our research has potential extensions in the field of socio-economics, particularly in public policy development and decision-making within groups of individuals marked by similar competitive nature. Bachelor of Arts 2017-04-17T08:24:40Z 2017-04-17T08:24:40Z 2017 Final Year Project (FYP) http://hdl.handle.net/10356/70229 en Nanyang Technological University 32 p. application/pdf |
| spellingShingle | DRNTU::Social sciences Choy, Ruth Hui Yi Teoh, Yee En Geowynn Loh, Shi Qi The kiasu culture and herd behaviour in Singapore |
| title | The kiasu culture and herd behaviour in Singapore |
| title_full | The kiasu culture and herd behaviour in Singapore |
| title_fullStr | The kiasu culture and herd behaviour in Singapore |
| title_full_unstemmed | The kiasu culture and herd behaviour in Singapore |
| title_short | The kiasu culture and herd behaviour in Singapore |
| title_sort | kiasu culture and herd behaviour in singapore |
| topic | DRNTU::Social sciences |
| url | http://hdl.handle.net/10356/70229 |
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