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...

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Main Authors: Choy, Ruth Hui Yi, Teoh, Yee En Geowynn, Loh, Shi Qi
Other Authors: Au Pak Hung
Format: Final Year Project
Language:English
Published: 2017
Subjects:
Online Access:http://hdl.handle.net/10356/70229
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Institution: Nanyang Technological University
Language: English
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spelling sg-ntu-dr.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
institution Nanyang Technological University
building NTU Library
country Singapore
collection DR-NTU
language English
topic DRNTU::Social sciences
spellingShingle DRNTU::Social sciences
Choy, Ruth Hui Yi
Teoh, Yee En Geowynn
Loh, Shi Qi
The kiasu culture and herd behaviour in Singapore
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.
author2 Au Pak Hung
author_facet Au Pak Hung
Choy, Ruth Hui Yi
Teoh, Yee En Geowynn
Loh, Shi Qi
format Final Year Project
author Choy, Ruth Hui Yi
Teoh, Yee En Geowynn
Loh, Shi Qi
author_sort Choy, Ruth Hui Yi
title The kiasu culture and herd behaviour in Singapore
title_short 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_sort kiasu culture and herd behaviour in singapore
publishDate 2017
url http://hdl.handle.net/10356/70229
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