Personality, decision-making styles and investments

Elisa Gambetti and Fiorella Giusberti

Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 2019, vol. 80, issue C, 14-24

Abstract: Three hundred and sixty-two participants completed the Sixteen Personality Factor Questionnaire and the General Decision-Making Styles Inventory, together with a survey considering investment perceptions and decisions. The results showed that anxious people tended to save money and avoid investments, perceiving high risks and low control and returns, whereas individuals with high Extroversion, Independence and Self-Control were more likely to make investments. Finally, rational and avoidant decision-making styles mediated, respectively, the influence of Self-Control and Anxiety on the decision to invest. These findings extend the knowledge of the relationship between individual differences in personality and decisional styles and investment perceptions and decisions.

Keywords: Personality traits; Decision-making styles; Investment decisions; Financial behaviour (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:soceco:v:80:y:2019:i:c:p:14-24

DOI: 10.1016/j.socec.2019.03.002

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