Erik Wengström
Professor, Director of Doctoral studies, Department of Economics
Economic Preferences and Personality Traits Among Finance Professionals and the General Population : Characteristics of Finance Professionals
Author
Summary, in English
Based on artefactual field experiments, we investigate whether finance professionals differ from a sample of the working population in terms of industry-relevant preferences and personality traits. When adjusting for socioeconomic characteristics, we find only few and less marked differences: finance professionals are less risk averse, less trustworthy, show higher levels of psychopathy and are more competitive than participants from the general population. In an additional survey, experts with hiring experience consider industry selection, self-selection and imprinting by industry norms as explanatory for the observed subject pool differences.
Department/s
- Department of Economics
Publishing year
2023-07-31
Language
English
Pages
2949-2977
Publication/Series
Economic Journal
Volume
133
Issue
656
Document type
Journal article
Publisher
Wiley-Blackwell
Topic
- Economics
Keywords
- C93 - Field Experiments
- G11 - Portfolio Choice
- Investment Decisions
- G41 - Role and Effects of Psychological
Status
Published
ISBN/ISSN/Other
- ISSN: 1468-0297