Is There Enough Psychology in Behavioural Economics? Personality Types and Human Propensities

Mariusz Doszyń () and Sebastian Majewski ()
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Mariusz Doszyń: University of Szczecin
Sebastian Majewski: University of Szczecin

Chapter Chapter 17 in Selected Issues in Experimental Economics, 2016, pp 271-284 from Springer

Abstract: Abstract An attempt to add a psychological background into an analysis of human behaviour is made in the chapter. Behaviours are viewed in the context of human propensities. Problems connected with dependencies between personality types and chosen propensities are discussed. The main focus is put on differences in propensities with respect to personality orientations. To identify personality types, Rotter’s locus of control concept as well as Fromm’s personality theory is applied. Some methodological issues related to propensities are presented. In an empirical example the differences in propensity to risk, consume, invest and save with respect to personality features are analysed. The results obtained in the research are compared with the observations of Barber and Odean.

Keywords: Rotter’s locus of control; Fromm’s personality theory; Personality types; Human propensities; Propensity to risk; Propensity to consume; Propensity to invest; Propensity to save; Overconfidence (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-319-28419-4_17

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DOI: 10.1007/978-3-319-28419-4_17

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