DO PERSONALITY TRAITS PREDICT BIASEDNESS WHILE MAKING INVESTMENT DECISIONS?
نویسندگان
چکیده
The Investors’ rationality assumption of traditional finance theories has long been contested by behavioural over the past few decades. Various non-financial factors, responsible for shaping investors’ behaviour, including individual personality characteristics and social environments surrounding decisions to be made, have emerged in recent studies. With advancement finance, it is important recuperate our understanding how an individual’s make-up influences her susceptibility towards biases while making investment decisions. In this study, we explore effect five traits on select (overconfidence, disposition herding) financial decision-making. A questionnaire comprising measures traits, overconfidence herding along with demographic variables was circulated a representative sample (n=251) Indian investors. Our findings suggest significant impact vulnerability individuals Extrovert investors are more balanced, not overconfident, do follow herd. Openness, extroversion, agreeableness negatively herding. results can used advisors develop specific tools customise requirements their clients.
 JEL Classification Codes: D14, D90, D91, G11.
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ژورنال
عنوان ژورنال: International journal of accounting & finance review
سال: 2021
ISSN: ['2576-1285', '2576-1293']
DOI: https://doi.org/10.46281/ijafr.v6i1.939