The paper investigates the causal relationship between the trust in institutions and compliance with measures introduced to slow down the spread of the novel coronavirus COVID-19 in Slovakia. In addition, the impact of socioeconomic characteristics on compliance with introduced measures was analysed. Data were obtained from a survey carried out by the Slovak Academy of Sciences on a representative sample of the Slovak population of 1,000 respondents. To derive the causal relationship between institutional trust and compliance behaviour, a probit regression model was used. Findings suggest that trust in public institutions helps to increase compliance with social distancing. In addition, some socio-economic characteristics such as employment status, age or whether individuals felt endangered by COVID-19 had a positive and statistically significant effect on compliance with measures used to slow the spread of the COVID-19 virus. Institutional trust did not have a statistically significant effect on compliance with face-covering measures.

This paper investigates the causal relationship between the trust in institutions and compliance with measures introduced to slow down the spread of the novel coronavirus COVID-19 in Slovakia. We also analyse the impact of socio-economic characteristics on compliance with introduced measures. We use the data from a survey carried out by the Slovak Academy of Sciences on the representative sample of 1000 respondents. To derive the causal effect, we use a probit regression model. We find that trust in institutions helps to increase compliance with social distancing. We find that some socio-economic characteristics such as employment status, age or whether individuals feel to be in danger of COVID-19 have a positive and statistically significant effect on compliance with measures employed to slow the spread of the COVID-19 virus.

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This paper examines the relationship between the Big five personality traits, socio-economic characteristics, and the investment decisions of individuals, with a focus on the decision-making of young adults. The empirical analysis was carried out using data obtained from a survey which identified the young adults’ personality traits, degree of risk aversion and preferred investment strategy. The estimation results show that individuals who are more agreeable have a higher degree of risk aversion. However, men and individuals with higher income are less risk averse, while older individuals in our sample tend to have a higher degree of risk aversion. The estimation results also show that certain personality traits and socio-demographic characteristics significantly affect the choice of individuals’ choice of preferred investment strategy. More extroverted individuals in our sample were identified as more likely to diversify their investment portfolio. However, we find that individuals more open to new experiences are more conservative in their investment decisions and diversify their investment with a lower probability. Considering individual socio-economic characteristics, men are more likely to diversity their investment portfolio and choose a less conservative investment strategy than women. Furthermore, marital and employment status were found to be significantly related to a preference towards a conservative investment strategy.

This paper studies the relationship between the Big five personality traits, socio-economic characteristics and the investment choices of young adults. The data used in the analysis was obtained from a survey which aimed to identify individual’s personality traits, risk aversion and preferred investment strategy. To estimate the effect of personality traits, risk aversion on individual’s investment strategy we used a probit model. The results show that personality traits and certain socio-demographic variables influence individuals’ choice of preferred investment strategy. We find that more extroverted people were identified as more likely to diversify their investments, however, people more open to new experiences came out as more conservative in their investments. Considering individual socio-economic characteristics, men chose a conservative investment strategy with a lower probability than women. Also, marital and employment status were found to statistically significantly affect preference towards a conservative investment strategy.