dc.contributor.authorChoy, Ruth Hui Yi
dc.contributor.authorTeoh, Yee En Geowynn
dc.contributor.authorLoh, Shi Qi
dc.description.abstractThe 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.en_US
dc.format.extent32 p.
dc.rightsNanyang Technological University
dc.subjectDRNTU::Social sciencesen_US
dc.titleThe kiasu culture and herd behaviour in Singaporeen_US
dc.typeFinal Year Project (FYP)en_US
dc.contributor.supervisorAu Pak Hungen_US
dc.contributor.schoolSchool of Humanities and Social Sciencesen_US
dc.description.degreeBachelor of Artsen_US

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