Economic Preferences and Personality Traits Among Finance Professionals and the General Population

Arbeitspapier

Since the financial crisis, the behavior and personality traits of finance professionals have come under scrutiny. As comprehensive scientific findings are lacking, we run artefactual field experiments with finance professionals and a random sample of the working population to investigate differences across industry-relevant economic preferences and personality traits. We report that finance professionals are more risk tolerant, more selfish, less trustworthy, and show higher levels of narcissism, psychopathy, and Machiavellianism. However, we find that many of these differences disappear after adjusting for socioeconomic characteristics, indicating that finance professionals are similar to employees in other industries with a comparable socio-economic background.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Working Papers in Economics and Statistics ; No. 2021-03

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Field Experiments ; Portfolio Choice; Investment Decisions ; Behavioral Finance: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets‡
• Thema: Experimental finance ; economic preferences ; personality traits ; finance professionals ; general working population

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Holmen, Martin ; Holzmeister, Felix ; Kirchler, Michael ; Stefan, Matthias ; Wengström, Erik
• Ereignis: Veröffentlichung
• (wer): University of Innsbruck, Research Platform Empirical and Experimental Economics (eeecon)
• (wo): Innsbruck
• (wann): 2021

Weitere Informationen

• Handle: http://hdl.handle.net/10419/238261
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ