Economic environment and personality: How do they influence investment decisions and regrets?

Zhenyu Xiao1, Dengfeng Wang1, Yang Liu2
1Peking University, People’s Republic of China
2Beijing Forestry University, People’s Republic of China
Cite this article:  Xiao, Z., Wang, D., & Liu, Y. (2009). Economic environment and personality: How do they influence investment decisions and regrets? Social Behavior and Personality: An international journal, 37(10), 1297-1304.

Volume 37 Issue 10 | e1946 | Published: November 2009 | DOI: https://doi.org/10.2224/sbp.2009.37.10.1297

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In the study the ways that economic environment and personality influence investment decision making are investigated with an emphasis on the experience of regret. Eighty-four Chinese college students completed an investment questionnaire and NEO-FFI (Costa & McCrae, 1992). Results indicated that the environment mainly affects willingness to invest. Participants exhibited a strong desire to save their money when the macroeconomic situation was pessimistic; in an optimistic environment more money was invested. It was also found that personality influences investment-related regret more than does environment. Those with a higher level of neuroticism were found to experience more regret than those lower in neuroticism, when faced with a wrong investment decision.

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