Personality traits and investor profile analysis: A behavioral finance study

被引：41

作者：

De Bortoli, Daiane ^{[1
]}

da Costa, Newton, Jr. ^{[2
,3
]}

Goulart, Marco ^{[4
]}

Campara, Jssica ^{[3
]}

机构：

[1] Univ Fed Santa Catarina, Dept Econ, Florianopolis, SC, Brazil

[2] Pontificia Univ Catolica Parana, Business Sch, Curitiba, PR, Brazil

[3] Univ Fed Santa Catarina, Dept Business Adm, Florianopolis, SC, Brazil

[4] Santa Catarina State Univ, Dept Business Adm, Florianopolis, SC, Brazil

来源：

PLOS ONE | 2019年 / 14卷 / 03期

关键词：

RISK; DECISION; TOLERANCE;

D O I：

10.1371/journal.pone.0214062

中图分类号：

O [数理科学和化学]; P [天文学、地球科学]; Q [生物科学]; N [自然科学总论];

学科分类号：

07 ; 0710 ; 09 ;

摘要：

This study investigates which of four paradigms best portrays the risk profile manifest by investors in their financial asset investment decisions. The paradigms used to explain this profile were: prospect theory, investor profile analysis (IPA), the Big Five Personality Test, and the Cognitive Reflection Test (CRT). The choice of proxy for the risk preferences (profile) of a typical investor was defined by simulating investments in a laboratory setting. The results are analyzed using ordered logistic regression and show that people who have greater risk tolerance according to IPA, who violate prospect theory, and who have a high degree of openness to experience have the greatest probability of taking higher levels of risk in their investment decisions. With regard to the CRT, higher numbers of correct responses in this test has an inverse relationship with risk taking.

引用

页数：18

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