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12 August 2022
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Abstract

This study explores the effect of personality traits and behavioral constraints of students on their decision to invest in the stock and cryptocurrency markets. Personality traits are measured using Norman's personality traits which are neuroticism, extraversion, conscientiousness, openness to experience, and agreeableness, while behavioral constraints are measured using pessimism and procrastination. An online questionnaire is administered to active students; in total, 212 final samples are collected. The data is analyzed using PLS-Structural Equation Modelling (SEM), in which the reflective measurement is applied. This study found that extraversion positively influences the students' probability of investing in the stock market as their risk tolerance moderates it. At the same time, a similar result also found that risk tolerance positively affects openness to experience personality regarding the cryptocurrency acquisition.

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big five personality pessimism procrastination investment decision

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Copyright (c) 2022 Dhimas Aditya Zulhajmi, Abdur Rafik

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Zulhajmi, D. A., & Rafik, A. (2022). The Effect of Personality Characteristics, Pessimism, and Procrastination towards Investment Decisions. Selekta Manajemen: Jurnal Mahasiswa Bisnis & Manajemen, 1(3), 113–140. Retrieved from https://journal.uii.ac.id/selma/article/view/25114
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