2017
DOI: 10.1080/15427560.2017.1366495
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Investors' Personality Influences Investment Decisions: Experimental Evidence on Extraversion and Neuroticism

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Cited by 145 publications
(139 citation statements)
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“…We observe a similar gender effect for investments with a high risk and return for Canadian, Danish and German students. These results are in line with the findings of Oehler et al (, ), who note that, on average, females show a higher degree of risk aversion in investment decisions than males. However, since we do not observe any statistically significant gender differences for the remaining financial products, we do not think that this effect significantly skews our results.…”
Section: Resultssupporting
confidence: 92%
“…We observe a similar gender effect for investments with a high risk and return for Canadian, Danish and German students. These results are in line with the findings of Oehler et al (, ), who note that, on average, females show a higher degree of risk aversion in investment decisions than males. However, since we do not observe any statistically significant gender differences for the remaining financial products, we do not think that this effect significantly skews our results.…”
Section: Resultssupporting
confidence: 92%
“…What is noteworthy is that, considering that around 80% to 90% of individuals that actively invest in securities are male 17 , and the fact that investors work under great stress (e.g., Oberlechner & Nimgade, 2005), the results of both analyses are essentially consistent. Thus, this study generally supports the notion that the investment and saving patterns we might observe at the aggregate and individual level can be the result of variation in personality, contributing to a growing literature (e.g., Nyhus & Webley, 2001;Brown & Taylor, 2014;Niszczota, 2014;Oehler, Wendt, Wedlich, & Horn, 2017).…”
Section: Discussionsupporting
confidence: 86%
“…As a result, these investors are willing to accept a portion of returns from irregular capital gains and are comfortable to take risks (Dow, 1998). To conclude, growth investors attempt to outperform the market to realise higher returns on investment portfolios (Oehler et al, 2018).…”
Section: Literature Reviewmentioning
confidence: 99%