The abnormal psychology of investment performance
| Autor: | Robert T. Daigler, Fernando Patterson |
|---|---|
| Rok vydání: | 2014 |
| Předmět: |
Economics and Econometrics
Financial performance Actuarial science media_common.quotation_subject Diversification (finance) Mental health medicine Abnormal psychology Personality Paranoia medicine.symptom Psychology Investment performance Finance Strengths and weaknesses Clinical psychology media_common |
| Zdroj: | Review of Financial Economics. 23:55-63 |
| ISSN: | 1058-3300 |
| DOI: | 10.1016/j.rfe.2013.08.004 |
| Popis: | We examine a range of mental health characteristics (e.g. depression, paranoia, and schizophrenia) in subjects engaged in simulated investment trading, showing that certain abnormal personality characteristics have a statistically significant association with the degree of investment diversification, the return achieved, the degree of risk undertaken, and the resultant risk-adjusted performance. These financially educated individuals are more paranoid and psychopathically deviant than the average person, with high scores on these characteristics associated with greater risk-taking. Finally, male and female investors possess different mental health strengths and weaknesses in relation to their financial performance. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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