EconPapers    
Economics at your fingertips  
 

Personality and Risk Aversion

François Desmoulins-Lebeault (), Jean-François Gajewski () and Luc Meunier ()
Additional contact information
François Desmoulins-Lebeault: Grenoble Ecole de Management
Jean-François Gajewski: Magellan, IAE Lyon - Université Jean Moulin Lyon 3
Luc Meunier: Grenoble Ecole de Management and IREGE - Université Savoie Mont Blanc

Economics Bulletin, 2018, vol. 38, issue 1, 472-489

Abstract: A number of papers have recently explored the relation between personality measures and risk aversion. However, research on risk aversion using the Myers-Briggs Type Indicator (MBTI) personality measure is scarce. The relation of various dimensions of the MBTI with risk aversion is at the moment under-researched compared to its use in the business and counseling world. To explore this relation, we carried out an incentivized experiment using 333 business school students. We find that according to our theoretical hypotheses, respondents scoring higher on Introversion, Sensing, Feeling and Judging are more risk averse, with the effect for Sensing and Feeling being non-linear. We also find women, Master students, respondents coming from a quantitative background and respondents that do not follow the stock markets to be more risk averse. The relations highlighted between the MBTI dimensions and risk aversion correspond broadly to the findings already evidenced using the Big 5 in studies using questionnaires or lotteries. This emphasizes the significant overlap between the two personality evaluation methods in relation to risk aversion. Our findings also underscore that the MBTI might be a useful tool in studies on risk aversion using lotteries, given the significant link of its dimensions with the elicited risk aversion in our study.

Keywords: Risk aversion; Personality; Variance; MBTI (search for similar items in EconPapers)
JEL-codes: D8 C9 (search for similar items in EconPapers)
Date: 2018-02-27
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.accessecon.com/Pubs/EB/2018/Volume38/EB-18-V38-I1-P44.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-17-00614

Access Statistics for this article

More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley ().

 
Page updated 2018-03-31
Handle: RePEc:ebl:ecbull:eb-17-00614