Browsing by Subject "agreeableness"

Objectives. The study aimed to explore the relationships and disparities between the Big Five personality traits and investment decision-making, specifically focusing on risk aversion, investment horizon, trading activity, asset allocation, and diversification. In addition, the study wanted to examine the complex interplay between financial knowledge, intentions, and actual behavior in the stock markets, and how they are conceptualized in existing literature. Methods. A comprehensive information search was conducted, utilizing the Google Scholar and Helka databases. This search combined terms such as "big five", "openness to experience", "conscientiousness", "extraversion", "agreeableness", "neuroticism", "investment decision-making", "risk", "investment horizon", "trading activity", "asset allocation", and "diversification". The aim was not to conduct a systematic review, but rather to specifically select from the search results those publications that were directly relevant to the given topic. Results. The study finds significant, though inconsistent, connections between personality traits and investment decision-making. Openness and extraversion are linked to riskier investment behaviors, despite extraverts trading less often. Conscientiousness and agreeableness have complex impacts on investment choices, displaying both risk-averse and risk-seeking tendencies. Neurotic investors perceive themselves as risk-averse, but their portfolios suggest otherwise.