Conscientiousness and Performance: The Influence of Personality on Investment Decisions.

  • Published In: Journal of Wealth Management, 2023, v. 25, n. 4. P. 17 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Lauter, Tobias; Prokopczuk, Marcel; Trück, Stefan 3 of 3

Abstract

We extract proxies for trader conscientiousness from plain text to explain the cross-section of individual and institutional trader performance. The literature claims conscientiousness to be a main determinant of workplace performance. We employ measures like text length, error frequency, sentence simplicity, and lexical diversity to construct a conscientiousness index. Our findings suggest that more conscientious traders outperform their peers on a risk-adjusted basis. This implies that personality affects investment decisions. Our data stems from a web-based platform that gives individuals the opportunity to set up small investment funds other users can invest in. [ABSTRACT FROM AUTHOR]

Additional Information

  • Source:Journal of Wealth Management. 2023/03, Vol. 25, Issue 4, p17
  • Document Type:Article
  • Subject Area:Social Sciences and Humanities
  • Publication Date:2023
  • ISSN:1534-7524
  • DOI:10.3905/jwm.2023.1.199
  • Accession Number:169176917
  • Copyright Statement:Copyright of Journal of Wealth Management is the property of With Intelligence Limited and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Looking to go deeper into this topic? Look for more articles on EBSCOhost.