PSYCHOLOGICAL PROFILE AND FINANCIAL DECISION RATIONALITY

José L. B. Fernandes, Universidade de Brasília, Brazil
Maria Fabiane dos Santos Soares, Universidade de Brasília, Brazil

Published in

JOURNAL OF INTERNATIONAL FINANCE STUDIES
Volume 18, Issue 2, p11-16, October 2018

ABSTRACT

This main objective of this research is to verify if the psychological profile influences the rationality of individuals’ financial decision. To this end, a survey was applied to a group of undergraduate students, based on prospect theory and big five personality traits. We found evidence that psychological profiles influence the rationality of individuals’ financial decision. The Agreeableness profile was characterized with the higher degree of irrationality and the Extraversion profile with the lower degree of irrationality.

Keywords

Big five, Behavior finance, Psychological profile.


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