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

• DOI: 10.2224/sbp.2009.37.10.1297
• Publication Date: 2010-02-04T02:35:45Z
• Authors: Zhenyu Xiao; Dengfeng Wang; Yang Liu
• Keywords: Pessimism; Investment

In the study ways that economic environment and personality influence investment decision making are investigated with an emphasis on experience of regret. Eighty-four Chinese college students completed questionnaire NEO-FFI (Costa & McCrae, 1992). Results indicated mainly affects willingness to invest. Participants exhibited a strong desire save their money when macroeconomic situation was pessimistic; in optimistic more invested. It also found influences investment-related regret than does environment. Those higher level neuroticism were those lower neuroticism, faced wrong decision.