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      Economic Environment and Personality: How do they Influence Investment Decisions and Regret?

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      Social Behavior and Personality: an international journal
      Scientific Journal Publishers Ltd

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          Abstract

          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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          Author and article information

          Journal
          Social Behavior and Personality: an international journal
          soc behav pers
          Scientific Journal Publishers Ltd
          0301-2212
          November 01 2009
          November 01 2009
          : 37
          : 10
          : 1297-1304
          Article
          10.2224/sbp.2009.37.10.1297
          6766a5cf-07ce-44f0-bf15-cf66ca9580d3
          © 2009
          History

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