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Predicting Stock Market Performance: The Influence of Gender and Personality on Financial Decision Making

UnHope20

May 8, 2021
2 upvotes
/r/Male_Studies
https://econtent.hogrefe.com/doi/10.1027/1614-0001/a000330
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Post Information
Title Predicting Stock Market Performance: The Influence of Gender and Personality on Financial Decision Making
Author

UnHope20

Upvotes 2
Comments 1
Date May 8, 2021 8:14 PM UTC
(5 years ago)
Subreddit Posted in /r/Male_Studies
Original Link https://old.reddit.com/r/Male_Studies/comments/n7xhj8/predicting_stock_market_performance_the_influence/
Archive Link https://theredarchive.com/r/Male_Studies/predicting-stock-market-performance-the-influence.1216367
https://theredarchive.com/post/1216367
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Comments

[–]UnHope20[S] 1 point2 points3 points 5 years ago (0 children) | Copy Link

Abstract. Gender and personality traits influence risk proneness in the context of financial decisions. However, most studies on this topic have relied on either self-report data or on artificial measures of financial risk-taking behavior.

Our study aimed to identify relevant trading behaviors and personal characteristics related to trading success. N = 108 Caucasians took part in a three-week stock market simulation paradigm, in which they traded shares of eight fictional companies that differed in issue price, volatility, and outcome. 

Participants also completed questionnaires measuring personality, risk-taking behavior, and life stress. Our model showed that being male and scoring high on self-directedness led to more risky financial behavior, which in turn positively predicted success in the stock market simulation. 

The total model explained 39% of the variance in trading success, indicating a role for other factors in influencing trading behavior. 

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