Are
Kiasuism and Singapore 21 Diametrically Opposed in Influencing
Singaporeansf Decision-making?
S. Li & Y. Fang |
Two
risk-taking measures (preferential choice question and willing to
pay question) as well as two measures of the level of overconfidence
(general knowledge question and peer comparison question) were designed
to test whether the S21 and Kiasuism play a role in influencing Singaporeans'
decision-making. The overall results suggest that S21 give more risk
seeking advice while kiasuism provide stronger overconfidence advice.
The implications of these findings were discussed and compared, in
some detail, with other existing evidence which revealed that (a)
people in Asian cultures (e.g., Chinese) were more risk-seeking and
more overconfident than people in other cultures (e.g., in United
States) and (b) Singaporeans' overconfidence level is comparable
to Americans' and lower than the other Asian subject groups like
Indians, Taiwan Chinese and Mainland Chinese. Key words: Kiasuism, Singapore 21, risk-taking, overconfidence |