scholarly journals RELATIONSHIP BETWEEN FRAMING BIAS AND BIG FIVE PERSONALITY TRAITS OF INDIVIDUAL INVESTERS

2021 ◽  
pp. 665-676
Author(s):  
Abhishek Sachan ◽  
Pawan K. Chugan

Returns depend upon decisions of investors, but investors biases challenge the ability to take rational decisions. Study of biases and their relationships with personality traits helps to understand how biases originate, the way in which they possibly effect investors, and which personality types could be more susceptible to them. There are evidences that biases have relationships with personality traits of investors and this study focuses on one such relationship between framing bias and personality traits. Given the qualitative nature of variables under study, the relationship was established by statistically significant coefficients of logistic regression equation, where bias-variable was dependent and big five personality traits were independent. The score of personality trait, which had significant relationship, was cross tabulated with bias variable, the chi square test indicated a statistically significant relationship. The results lead to conclusion that an investor with higher score of agreeableness has higher probability of having framing bias. It is also discussed that an agreeable person may demonstrate irrationality discussed in prospect theory, more as compared to others, as the framing effects were measured using gain and loss frames. Since the study deals with frames of communication, it indicates towards the effects of personality traits on communication between portfolio manager and clients. The study contributes for portfolio managers that an agreeable client may not actually agree for rational decision if the communication is not in right frame.

Author(s):  
Latifah Putranti ◽  

This study aims to determine the factors that influence overconfidence in student investors in Yogyakarta. This study explores the relationship between demographic factors (sex, age, education) and big five personality traits (agreeableness, concientiousness, extraversion, neuroticism, openness) with overconfidence. Primary data collected from student investors through questionnaires. The statistical method used is chi-square to determine the relationship between demographic factors and overconfidence. Regression method to determine the relationship between personality types with overconfidence. Analysis using SPSS for Windows 20 on 100 sample sizes. The results of the regression analysis showed that there was an influence between concientiousness, extroversion and openness personality type variables on overconfidence. Agreeableness and neuroticism have no effect on overconfidence. The study also found an influence between demographic factors (sex, age, education) and overconfidence.


Author(s):  
Danny Osborne ◽  
Nicole Satherley ◽  
Chris G. Sibley

Research since the 1990s reveals that openness to experience—a personality trait that captures interest in novelty, creativity, unconventionalism, and open-mindedness—correlates negatively with political conservatism. This chapter summarizes this vast literature by meta-analyzing 232 unique samples (N = 575,691) that examine the relationship between the Big Five personality traits and conservatism. The results reveal that the negative relationship between openness to experience and conservatism (r = −.145) is nearly twice as big as the next strongest correlation between personality and ideology (namely, conscientiousness and conservatism; r = .076). The associations between personality traits and conservatism were, however, substantively larger in Western, educated, industrialized, rich, and democratic (WEIRD) countries than in non-WEIRD countries. The chapter concludes by reviewing recent longitudinal work demonstrating that openness to experience and conservatism are non-causally related. Collectively, the chapter shows that openness to experience is by far the strongest (negative) correlate of conservatism but that there is little evidence that this association is causal.


2016 ◽  
Vol 6 (4) ◽  
pp. 153 ◽  
Author(s):  
Naser Sabourian Zadeh ◽  
Maryam Naderi Farsani ◽  
Masoume Ahmadi

<p>With regard to increasing attention to focus on form in English language teaching, there has been a call for an integration of meaning-focused and form-focused instruction in the second language (L2) classroom. In this regard, this study is an attempt to examine the cross-relationship between Big Five personality traits (namely Neuroticism, Extraversion, and Openness to Experience, Agreeableness, and Conscientiousness) and EFL leaners’ preferences for two types of form-focused Instruction (FFI). The data is collected from 236 Iranian male and female who were EFL learners of different language institutes in Tehran, Iran. Participants were supposed to fill out the adopted Persian version of NEO-FFI personality trait inventory and Students’ preferences questionnaire. To substantiate a correlation between participants’ preferences for isolated/integrated FFI and Big Five personality traits, using 16th version of the Statistical Package for Social Sciences (SPSS), the Chi-square analysis was employed. The results indicated a significant relationship (<em>χ</em><sup>2</sup>(4, n=236)=44.99, p=.001). The results are discussed in the light of this general findings and the study also provides some suggestions for future research.</p>


Author(s):  
Victoria E. Tamban ◽  
Gloria L. Banasihan

This study aimed to determine the relationships of big five personality traits and teaching performance of faculty of College of Teacher Education, Laguna State Polytechnic University Los Baños Campus, Los Baños, and Laguna. The study was conducted at the College of Teacher Education (CTE) of Laguna State Polytechnic University-Los Baňos Campus during 1st semester of Academic Year 2015-2016 employing correlational research design. The respondents of the study were the 20 faculty of CTE consist of 2 Associate Professors, 10 Assistant Professors and 7 Instructors.  A valid survey questionnaire on determining the level of big five personality traits adapted from the site of personality-testing.info, courtesy ipip.ori.org and the IPCR Evaluation are the instruments of this study. Frequency count, percentage and mean were used to describe the profile of the respondents and their teaching performance. Pearson r was used to determine the significant relationship between teachers’’ big five personality traits and their’ teaching performance. The results describe that teachers tend be about average in most of the big five personality traits except from neuroticism which shows a relatively low description. The results also revealed a weak correlation between variables such that it determined that there is no significant relationship the level of big five personality traits and the teaching performance of the respondents. Based on the conclusions the researchers suggested to have further study since it is limited only to the faculty of Teacher Education and also it is highly recommended to correlate teaching performance including students’ evaluation for their teachers and the academic performance of the students with teachers’ personality traits since the teaching performance is one of the factors that affect the students’ academic performance.


2019 ◽  
Vol 2 (2) ◽  
pp. 103-112
Author(s):  
Asfa Ashraf ◽  
Kamran Ishfaq ◽  
Muhammad Umair Ashraf ◽  
Zahid Zulfiqar

The present study aimed to investigate the relationship between parenting styles (authoritarian, authoritative and permissive) and Big-five personality traits (extraversion, agreeableness, neuroticism, conscientiousness and openness) among the students of Bahauddin Zakariya University Multan, Pakistan. For this purpose, a total number of 281 students from different faculties (Natural and social sciences) were selected through systematic sampling technique and the respondents responded to parenting authority questionnaire (PAQ) by Buri (1991) and Big-five inventory (BFI) john and Srivastava (1999). Data were analyzed by using SPSS-21 version, and Pearson correlation (r=0.01) was applied to find out the relationship, direction and consistency between predictor and criterion variable. Results indicated a directly proportional relationship between parenting styles (authoritarian, authoritative & permissive) and big five personality traits.


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