Impact of Personality Traits and Demographic Factors on Risk Attitude

Pavlíček, Antonín; Hintošová, Aneta Bobenič; Sudzina, František

doi:10.1177/21582440211066917

Cited by 7 publications

(7 citation statements)

References 62 publications

(102 reference statements)

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“…The second part of the study discovered that demographic factors such as age, race, employment status, educational level, and ELV ownership significantly impacted attitude. These findings support previous research that found age, employment status, educational level, and ELV ownership to be factors capable of predicting individual attitudes toward environmental policies (Schmidt et al, 2018;Guan et al, 2019;Zhao et al, 2019;Rahimi, et al, 2020;Pavlíček et al, 2021;Pratama and Firmansyah, 2021). Individuals of a mature age think more maturely than young people.…”

Section: Discussionsupporting

confidence: 89%

A model analysis on the knowledge, attitude, and readiness of ELVs policy among Malaysians: A cross-sectional study

Ismail

Sitinjak

Tahir

et al. 2023

Front. Built Environ.

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The issue of end-of-life vehicles (ELV) in Malaysia has recently received serious attention from the government. The Malaysian government has launched various programs to reduce the number of ELVs that have not been adequately managed. Initiatives like offering rewards to those who want to turn up their damaged vehicles are similar to An effort to trade in their old automobiles. However, it was unsuccessful due to a lack of cooperation from Malaysians. This study examines the sociological aspects of community acceptance of ELV legislation in Malaysia. This study assesses community knowledge, attitudes, and readiness to implement ELV management in Malaysia. Six hundred thirty people participated in a cross-sectional survey performed across Malaysian states (Pulau Pinang, Kelantan, Johor, Melaka, Selangor, and Kuala Lumpur). A collection of questions was distributed face-to-face after satisfying the steps of validity and reliability tests. Then descriptive and multiple regression tests were run to determine correlations between variables. We use the structural equation model to determine the model in this research. The study’s findings revealed that people’s knowledge, attitudes, and readiness toward ELV policies were significantly influenced by their length of stay, level of education, and vehicle ownership (overall R2 = 0.663, VIF = 1,612, p = 0.000). It was also discovered that knowledge and attitude together could determine community readiness in implementing ELV policies in Malaysia. The findings of this study demonstrate how important it is for the government to consider the populace’s knowledge and attitudes before implementing the ELV policy in Malaysia.

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Section: Discussionsupporting

confidence: 89%

A model analysis on the knowledge, attitude, and readiness of ELVs policy among Malaysians: A cross-sectional study

Ismail

Sitinjak

Tahir

et al. 2023

Front. Built Environ.

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“…These results are consistent with the above study. Also, the study found an influence of gender on risk aversion which indicated https://www.indjst.org/ men as less risk averse than women (10) . The parallel study showed the negative influence of conscientiousness, agreeableness and openness to experience on the risk which implies the person who possesses more of these traits tends to lower risk tolerance and the absence of influence was found between extraversion, neuroticism and risk.…”

Section: Literature Reviewmentioning

confidence: 89%

Big-Five Personality Traits and Risk Perception of Women Retail Investors in the Indian Stock Market: A PLS-SEM and ANN Approach

Manzoor¹,

Jan²,

Shafi³

2023

IJST

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Objectives:The purpose of this study is to determine the impact of Big-Five personality traits on the Risk perception of women retail investors in North India. Methods: The study adopts a survey approach. The sample comprises 360 active women retail investors investing in the Indian stock exchange. This study adopts a hybrid approach to analysis. Two analysis techniques PLS-SEM and Artificial Neural Network approach are used for data analysis. Findings: Results of the study shows the significant impact of Big-Five personality traits on the Risk perception of retail women investors in the Indian Stock Market. PLS-SEM results showed a positive and significant impact of neuroticism (β = 0.215) and conscientiousness (β = 0.234) while a negative significant impact of extraversion (β = -0.129), openness to experience (β = -0.102) and agreeableness (β = -0.156) on risk perception. The ANN results also confirmed these results and ranked neuroticism as the most influential predictor. Novelty: Investor participation in Indian Stock Market has increased significantly in recent years. However, being an economic leader, Indian Stock Markets lack the participation of female investors. To improve the ratio of women investors, advisors and government plays an important role. This study is the first of its kind which involves women investors as a study sample and determines their risk perception level. The other novel factor that distinguishes this study from the previously conducted studies is its hybrid analysis approach. This study adopts both linear (PLS-SEM) and non-linear (ANN) approaches for data analysis.

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“…There has been a growing investigation of the relationship between risk preferences and personality traits across the Big-Five model (Lönnqvist et al, 2015;Baffour et al, 2019;Pavlíček et al, 2021). The findings revealed that people with a dominant extraversion (self-confidence, active and excitement seeking, positive emotions and intense personal interactions) and openness to experience (impulsive, willing to undergo new experiences and try new things, liberal in their values and flexible to norms) are more risk-tolerant.…”

Section: Risk Preferencesmentioning

confidence: 99%

Unveiling the Impact of Personality in Lifestyle Solidarity: An Exploratory Study of the Effects of Dispositional Optimism and Risk Orientation

Pinho,

Gomes

2024

J Knowl Econ

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This paper explores the influence of the personality traits of dispositional optimism and risk orientation on Portuguese citizens’ preferences for lifestyle solidarity, on their lifestyle and the relationship between both personality traits. An online questionnaire was used to collect data from a sample of 584 Portuguese citizens. The quantitative analysis was performed through the Partial Least Square (PLS) model. The PLS explored the relationships between the constructs of dispositional optimism, risk preferences, own lifestyle and lifestyle solidarity. Linear regression analysis was also performed to identify the associations between respondents’ sociodemographic and economic characteristics and the above constructs. In general, respondents revealed high levels of lifestyle solidarity. Notwithstanding, we also found that: (i) while optimists and pessimists revealed less lifestyle solidarity, risk-prone revealed higher; (ii) while optimists were more prevention-orientation with their health behaviours, risk-seekers were less; (iii) more caregivers with their own lifestyles have less lifestyle solidarity, and (iv) while optimists were more risk-acceptant, pessimists were more risk-averse. This study presents the first evidence of how dispositional optimism and risk orientation affect the support of lifestyle solidarity and own lifestyles.

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Impact of Personality Traits and Demographic Factors on Risk Attitude

Cited by 7 publications

References 62 publications

A model analysis on the knowledge, attitude, and readiness of ELVs policy among Malaysians: A cross-sectional study

A model analysis on the knowledge, attitude, and readiness of ELVs policy among Malaysians: A cross-sectional study

Big-Five Personality Traits and Risk Perception of Women Retail Investors in the Indian Stock Market: A PLS-SEM and ANN Approach

Unveiling the Impact of Personality in Lifestyle Solidarity: An Exploratory Study of the Effects of Dispositional Optimism and Risk Orientation

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