How do personality traits affect investors' decision on crypto market including cryptocurrencies and NFTs?

被引：3

作者：

Luo, Ji ^{[1
]}

Cao, Qingning ^{[1
]}

Zhang, Shuguang ^{[1
]}

机构：

[1] USTC, Sch Management, Hefei, Peoples R China

来源：

REVIEW OF BEHAVIORAL FINANCE | 2024年 / 16卷 / 04期

基金：

中国国家自然科学基金;

关键词：

Investment decisions; Household finance; Crypto market; DARK TRIAD; INVESTMENT; RISK; EXTROVERSION; NARCISSISM;

D O I：

10.1108/RBF-03-2023-0075

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

PurposeThe purpose of the research paper is to investigate the relationship between personality traits and investment decisions in the crypto market, including cryptocurrencies and NFTs. The study aims to explore the effect of dark personalities and the big five personalities on investment decisions in the crypto market.Design/methodology/approachThe research was conducted through two online questionnaire studies. In Study 1, data were collected from the general public, while in Study 2, data were collected from crypto investors. The researchers analyzed the effect of dark personalities and the big five personalities on investment decisions in the crypto market.FindingsThe present research found that Machiavellianism, narcissism, psychopath, sadism and extraversion have positive effects on having crypto investments. In addition, focusing on actual crypto investors, the present paper showed that personalities including Machiavellianism, narcissism, psychopath, consciousness and extraversion have statistically significant effect on investment decisions such as making investments in Bitcoin.Originality/valueThe study is original in exploring the relationship between personality traits and investment decisions in the newly emerging crypto market, including cryptocurrencies and NFTs. The research provides insights into how different personality traits affect investment decisions in the crypto market, which can be valuable for investors in making informed decisions.

引用

页码：600 / 619

页数：20

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