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.

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Consumer information search when making investment decisions

We discuss the characteristics of investment decisions and identify the factors that affect consumers’ information search behavior when they make investment decisions. Using the 2000 to 2001 MacroMonitor data set, we find that subjective knowledge, amount of investment, risk tolerance, age, education, and income influence both the extent of information search and the use of specific information...

متن کامل

Making smart investment decisions in clinical research

UNLABELLED A recent trial in rheumatoid arthritis found an inexpensive, but infrequently used, combination of therapies is neither inferior nor less safe than an expensive biologic drug. If the trial had been conducted over 10 years ago, arguably 100's of millions of dollars since spent on biologics could have been released to other, more effective treatments. Given the ever increasing number o...

متن کامل

Personality Traits Predict the Onset of Disease

While personality traits have been linked concurrently to health status and prospectively to outcomes such as mortality, it is currently unknown whether traits predict the diagnosis of a number of specific diseases (e.g., lung disease, heart disease, and stroke) that may account for their mortality effects more generally. A sample (N 1⁄4 6,904) of participants from the Health and Retirement Stu...

متن کامل

Do Personality Traits Predict Individual Differences in Excitatory and Inhibitory Learning?

Conditioned inhibition (CI) is demonstrated in classical conditioning when a stimulus is used to signal the omission of an otherwise expected outcome. This basic learning ability is involved in a wide range of normal behavior - and thus its disruption could produce a correspondingly wide range of behavioral deficits. The present study employed a computer-based task to measure conditioned excita...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

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