Knowledge or Personality: An Empirical Analysis of Behavioural Finance and Investor Cognitive Biases
- Title
- Knowledge or Personality: An Empirical Analysis of Behavioural Finance and Investor Cognitive Biases
- Creator
- Gupta C.
- Description
- This research attempts to analyze to what extent knowledge and tactics or enduring personality traits predict investor behaviour and cognitive biases in portfolio investment. This study is based on exploring a wide-ranging dataset: responses to a questionnaire survey together with transactional data of the same individual customers of an Indian stock company. From the questionnaire survey, the authors estimate measures of domain-general personality traits, such as the big five, as compared to the knowledge, financial literacy, competency, and attitude specific to investor equity trading. The results show the dominance of knowledge and tactics measures over personality-related measures when predicting nine different dependent variables of investment performance, investor cognitive biases, and portfolio investment activity. This research concludes with the discussion of the findings and with insights into theory and managerial implications. Copyright 2022, IGI Global.
- Source
- International Journal of Cyber Behavior, Psychology and Learning, Vol-12, No. 1
- Date
- 2022-01-01
- Publisher
- IGI Global
- Subject
- Big Five; Cognitive Biases; Decision Making; Disposition Effect; Investor Behaviour; Personality Traits
- Coverage
- Gupta C., Christ University, India
- Rights
- Restricted Access
- Relation
- ISSN: 21557136
- Format
- Online
- Language
- English
- Type
- Article
Collection
Citation
Gupta C., “Knowledge or Personality: An Empirical Analysis of Behavioural Finance and Investor Cognitive Biases,” CHRIST (Deemed To Be University) Institutional Repository, accessed February 23, 2025, https://archives.christuniversity.in/items/show/15252.