Investment behavior and personality traits essay
This article studies the influence of dark personality traits, Machiavellianism, narcissism and psychopathy on various behavioral biases. Using survey data and a multiple linear regression framework, a link was found between the Dark Triad and home bias, overconfidence and herd mentality in a data set of individuals. The financial professionals are becoming increasingly important in the Indian financial system. Our study examines the link between the Big Five personality traits and the behavioral biases of Indian financial professionals when making investment decisions. After testing the reliability and validity of our questionnaire, we used it to obtain the sample. At the same time, individual investors are becoming more cautious about financial investments and making it difficult for financial services companies to formulate marketing strategies after experiencing several financial crises. Financial service providers face the challenge of understanding investment behavior. Type theories suggest that there are a limited number of personality types related to biological influences. One theory suggests that there are four types of personality. They are: Type A: perfectionist, impatient, competitive, work-obsessed, achievement-oriented, aggressive, stressed. Type B: Low stress, even-tempered. This article aims to explore the relationship between the Big Five personality traits and investment behavior, especially in the Indian context. Building on TPB's theory of planned behavior, we. This article examines the relationship between the Big Five model of personality traits and behavioral biases: overconfidence, disposition effect, anchoring, representativeness, metal accounting, emotional biases and herding of Indian individual investors in making investment decisions. The authors use a structured, These dimensions explain variance in mental health and can be statistically predicted based on age, demographics, home and work conditions, pre-existing conditions, inappropriate technology use and. Some of the key characteristics of a person with resilience are awareness, self-control, problem-solving skills and social support. Resilient people are aware of situations, their emotional disturbances. Personality psychology is the study of how personality develops. One of the largest and most popular branches of psychology, researchers in this field also strive to better understand how personality influences our thoughts and behaviors. Your unique personality makes you who you are, it influences everything, 1.1. of personality. People differ from each other in their behavior, cognition and emotions, which makes them unique and very special. Their individual differences lay the foundation for an understanding of personality as the popular conception of a person as a whole. Brunas-Wagstaff, 1998. Five personality traits about money management, as summarized in the following table: Brougham et al. 2011 Dittmar, and Spears, and Webley, neuroticistic or more.