How do personality traits affect investors' decision on crypto market including cryptocurrencies and NFTs?

【Author】 Luo, Ji; Cao, Qingning; Zhang, Shuguang

【Source】REVIEW OF BEHAVIORAL FINANCE

【影响因子】0.000

【Abstract】PurposeThe purpose of the research paper is to investigate the relationship between personality traits and investment decisions in the crypto market, including cryptocurrencies and NFTs. The study aims to explore the effect of dark personalities and the big five personalities on investment decisions in the crypto market.Design/methodology/approachThe research was conducted through two online questionnaire studies. In Study 1, data were collected from the general public, while in Study 2, data were collected from crypto investors. The researchers analyzed the effect of dark personalities and the big five personalities on investment decisions in the crypto market.FindingsThe present research found that Machiavellianism, narcissism, psychopath, sadism and extraversion have positive effects on having crypto investments. In addition, focusing on actual crypto investors, the present paper showed that personalities including Machiavellianism, narcissism, psychopath, consciousness and extraversion have statistically significant effect on investment decisions such as making investments in Bitcoin.Originality/valueThe study is original in exploring the relationship between personality traits and investment decisions in the newly emerging crypto market, including cryptocurrencies and NFTs. The research provides insights into how different personality traits affect investment decisions in the crypto market, which can be valuable for investors in making informed decisions.

【Keywords】Investment decisions; Household finance; Crypto market

【发表时间】2023 2023 DEC 5

【收录时间】2023-12-14

【文献类型】实证数据

【主题类别】

区块链治理-市场治理-数字货币