Abstract

http://ssrn.com/abstract=2022339
 


 



Investor Personality in Investor Questionnaires


Carrie H. Pan


Santa Clara University - Department of Finance

Meir Statman


Santa Clara University - Department of Finance

March 10, 2012


Abstract:     
We explore, through a survey of more than 2,500 people, the links between personality and risk tolerance, overconfidence, maximization, regret, trust, attributing success to luck or skill, and life-satisfaction. Risk tolerance is high among those with high levels of Extraversion and Openness but relatively low among those with high levels of Conscientiousness. Overconfidence is high among those with relatively high levels of Extraversion but relatively low among those with high levels of Agreeableness. Knowledge about these links is important to financial advisors who must know their clients so they might guide them.

Number of Pages in PDF File: 23

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Date posted: March 14, 2012  

Suggested Citation

Pan, Carrie H. and Statman, Meir, Investor Personality in Investor Questionnaires (March 10, 2012). Available at SSRN: http://ssrn.com/abstract=2022339 or http://dx.doi.org/10.2139/ssrn.2022339

Contact Information

Carrie H. Pan (Contact Author)
Santa Clara University - Department of Finance ( email )
Santa Clara, CA 95053
United States
(408)5517188 (Phone)
Meir Statman
Santa Clara University - Department of Finance ( email )
500 El Camino Real
Santa Clara, CA 95053
United States
408-554-4147 (Phone)
408-554-4029 (Fax)
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