nach oben

Mind & Society

Erschienen in:

01.11.2014

The role of anxiety and anger traits in financial field

verfasst von: Elisa Gambetti, Fiorella Giusberti

Erschienen in: Mind & Society | Ausgabe 2/2014

Einloggen

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config

KI-gestützte Suche

Aus

Abstract

To investigate the role of anger and anxiety traits on psychological attitudes about consumer behaviour, we asked to participants their perceptions and preferences about housing loans. Results show that: mortgage risk perception is negatively associated with trait anger and positively with trait anxiety, whereas the opposite happens for housing loan predictability; trait anger is positively associated with preference for adjustable-rate mortgage, whereas trait anxiety predicts a preference for no form of housing loan. These findings fit with a growing body of evidence suggesting that personality traits influence perceptions and preferences about financial risk-taking.

Vorheriger Artikel Adaptation patterns and consumer behavior as a dependency on terror

Nächster Artikel Behavioral and emotional responses to escalating terrorism threat

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

über 102.000 Bücher
über 537 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Finance + Banking
Management + Führung
Marketing + Vertrieb
Maschinenbau + Werkstoffe
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 340 Zeitschriften

aus folgenden Fachgebieten:

Bauwesen + Immobilien
Business IT + Informatik
Finance + Banking
Management + Führung
Marketing + Vertrieb
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Bechara A, Damasio AR, Damasio H, Anderson SW (1994) Insensitivity to future consequences following damage to human prefrontal cortex. Cognition 50:7–15. doi:10.1016/0010-0277(94)90018-3 CrossRef

Beck AT (1999) Prisoners of hate: the cognitive basis of anger, hostility and violence. Harper Collins, New York

Bensi L, Giusberti F (2007) Trait anxiety and reasoning under uncertainty. Pers Individ Dif 43:827–838. doi:10.1016/j.paid.2007.02.007 CrossRef

Berns GS, Laibson D, Loewenstein G (2007) Intertemporal choice—toward an integrative framework. Trends Cogn Sci 11:482–488. doi:10.1016/j.tics.2007.08.011 CrossRef

Butler G, Mathews A (1987) Anticipatory anxiety and risk perceptions. Cogn Ther Res 11:551–565. doi:10.1007/BF01183858 CrossRef

Carducci BJ, Wong AS (1998) Type A and risk taking in everyday money matters. J Bus Psychol 12:355–359. doi:10.1023/A:1025031614989 CrossRef

Carver CS, White TL (1994) Behavioral inhibition, behavioral activation, and affective responses to impending reward and punishment: the BIS/BAS Scales. J Pers Soc Psychol 67:319–333. doi:10.1037/0022-3514.67.2.319 CrossRef

Cho J, Lee J (2006) An integrated model of risk and risk-reducing strategies. J Bus Res 59:112–120. doi:10.1016/j.jbusres.2005.03.006 CrossRef

Comunian L (2004) Manuale STAXI-2 State-Trait Anger Expression Inventory-2. Adattamento italiano. Organizzazioni Speciali, Firenze

Corvoisier S, Gropp R (2002) Bank concentration and retail interest rates. J Bank Financ 26:2155–2189. doi:10.1016/S0378-4266(02)00204-2 CrossRef

Dahlbäck O (1990) Personality and risk-taking. Pers Individ Differ 11:1235–1242. doi:10.1016/0191-8869(90)90150-P CrossRef

Deffenbacher JL, Dahlen ER, Lynch RS, Morris CD, Gowensmith WN (2000) An application of Beck’s cognitive therapy to general anger reduction. Cogn Ther Res 24:689–697. doi:10.1023/A:1005539428336 CrossRef

Eysenck SBG, Eysenck HJ (1978) Impulsiveness and venturesomeness: their position in a dimensional system of personality description. Psychol Rep 43:1247–1255. doi:10.2466/PR0.43.7.1247-1255 CrossRef

Fernández de Guevara J, Maudos J, Pérez F (2005) Market power in European banking sectors. J Financ Serv Res 27:109–137. doi:10.1007/s10693-005-6665-z CrossRef

Figner B, Mackinlay RJ, Wilkening F, Weber EU (2009) Affective and deliberative processes in risky choice: age differences in risk taking in the Columbia Card Task. J Exp Psychol Learn Mem Cogn 35:709–730. doi:10.1037/a0014983 CrossRef

Fischhoff B, Gonzalez RM, Lerner JS, Small DA (2005) Evolving judgments of terror risks: foresight, hindsight, and emotion. J Exp Psychol Appl 11:124–139. doi:10.1037/1076-898X.11.2.124 CrossRef

Forgas JP (2000) Feeling and thinking: the role of affect in social cognition. Cambridge University Press, Cambridge

Forgays DG, Forgays DK, Spielberger CD (1997) Factor structure of the state-trait anger expression inventory. J Pers Assess 69:497–507. doi:10.1207/s15327752jpa6903_5 CrossRef

Gambetti E, Giusberti F (2009) Dispositional anger and risk decision-making. Mind Soc 8:7–20. doi:10.1007/s11299-008-0052-z CrossRef

Gambetti E, Giusberti F (2012) The effect of anger and anxiety traits on investment decisions. J Econ Psychol 33:1059–1069. doi:10.1016/j.joep.2012.07.001 CrossRef

Gibson D (2006) Emotions in finance: distrust and uncertainty in global markets. IOP Publishing PhysicsWeb. http://digitalcommons.fairfield.edu/business-facultypubs/19. Accessed 21 July 2014

Harmon-Jones E, Allen JJB (1998) Anger and frontal brain activity: EEG asymmetry consistent with approach motivation despite negative affective valence. J Pers Soc Psychol 74:1310–1316. doi:10.1037/0022-3514.74.5.1310 CrossRef

Hemenover SH, Zhang S (2004) Anger, personality and optimistic stress appraisals. Cogn Emot 18:363–382. doi:10.1080/02699930341000103 CrossRef

Jackson DN, Hourany L, Vidmar NJ (1972) A four-dimensional interpretation of risk taking. J Pers 40:483–501. doi:10.1111/j.1467-6494.1972.tb00075.x CrossRef

Kahneman DE, Tversky A (2000) Choices, values, and frames. Russell Sage Foundation, New York

Kogan N, Wallach MA (1964) Risk taking: a study in cognition and personality. Holt, New York

Lauriola M, Levin IP (2001) Relating individual differences in attitude toward ambiguity to risky choices. J Behav Decis Mak 14:107–122. doi:10.1002/bdm.368 CrossRef

Lejuez CW, Read JP, Kahler CW, Richards JB, Ramsey SE, Stuart GL, Strong DR, Brown RA (2002) Evaluation of a behavioral measure of risk taking: the Balloon Analogue Risk Task (BART). J Exp Psychol Appl 8:75–84. doi:10.1037//1076-898X.8.2.75 CrossRef

Lerner JS, Keltner D (2000) Beyond valence: toward a model of emotion-specific influences on judgement and choice. Cogn Emot 14:473–493. doi:10.1080/026999300402763 CrossRef

Lerner JS, Tiedens LZ (2006) Portrait of the angry decision maker: how appraisal tendencies shape anger’s influence on cognition. J Behav Decis Mak 19:115–137. doi:10.1002/bdm.515 CrossRef

Levin IP, Hart SS (2003) Risk preferences in young children: early evidence of individual differences in reaction to potential gains and losses. J Behav Decis Mak 16:397–413. doi:10.1002/bdm.453 CrossRef

Lowenstein G, Lerner JS (2003) The role of affect in decision making. In: Davidson R, Scherer K, Goldsmith H (eds) Handbook of affective science. Oxford University Press, New York, pp 619–642

Maner JK, Schmidt NB (2006) The role of risk avoidance in anxiety. Behav Ther 37:181–189. doi:10.1016/j.beth.2005.11.003 CrossRef

Maner JK, Richey JA, Cromer K, Mallott M, Lejuez CW, Joiner E, Schmidt NB (2007) Dispositional anxiety and risk-avoidant decision-making. Pers Individ Differ 42:665–675. doi:10.1016/j.paid.2006.08.016 CrossRef

Milevsky MA, Posner SE (1999) Money logic: financial strategies for the serious investor. Stoddart, Toronto

Mitte K (2007) Anxiety and risk decision-making: the role of subjective probability and subjective cost of negative events. Pers Individ Differ 43:243–253. doi:10.1016/j.paid.2006.11.028 CrossRef

Pedrabissi L, Santinello M (1989) STAI, State-Trait Anxiety Inventory, Forma Y: Manuale. Organizzazioni Speciali, Firenze

Peters E, Västfäll D, Gärling T, Slovic P (2006) Affect and decision-making: a ‘‘hot’’ topic. J Behav Decis Mak 19:79–85. doi:10.1002/bdm.528 CrossRef

Quigley BM, Tedeschi JT (1996) Mediating effects of blame attributions on feelings of anger. Pers Soc Psychol Bull 22:1280–1288. doi:10.1177/01461672962212008 CrossRef

Roseman IJ, Wiest C, Swartz TS (1994) Phenomenology, behaviors, and goals differentiate discrete emotions. J Pers Soc Psychol 67:206–211. doi:10.1037/0022-3514.67.2.206 CrossRef

Shepperd JA, Grace J, Cole L, Klein CTF (2005) Anxiety and outcome judgments. Pers Soc Psychol Bull 31:267–275. doi:10.1177/0146167204271322 CrossRef

Spielberger CD (1999) State-trait anger expression inventory-2: Professional Manual. Psychological Assessment Resources, Odessa

Spielberger CD, Sydeman SJ (1994) State-trait anxiety inventory and state-trait anger expression inventory. In: Maruish ME (ed) The use of psychological testing for treatment planning and outcome assessment. Lawrence Erlbaum Associates, Hillsdale, pp 292–321

Tangney JP, Baumeister RF, Boone AL (2004) High self-control predicts good adjustment, less pathology, better grades, and interpersonal success. J Pers 72:271–324. doi:10.1111/j.0022-3506.2004.00263.x CrossRef

Thoresen CE, Low KG (1990) Women and the type A behaviour pattern: review and commentary. J Soc Behav Pers 5:117–133

VandenBos GR (2007) APA dictionary of psychology. APA, Washington

Västfjäll D, Gärling T (2006) Preference for negative emotions. Emotion 6:326–329. doi:10.1037/1528-3542.6.2.326 CrossRef

Ward DR (2009) Product differentiation and consumption efficiency in mortgage markets. J Bus Res 62:805–809. doi:10.1016/j.jbusres.2008.03.001 CrossRef

Weber EU, Johnson EJ (2008) Decisions under uncertainty: psychological, economic, and neuroeconomic explanations of risk preference. In: Glimcher P, Camerer C, Fehr E, Poldrack R (eds) Neuroeconomics: decision making and the brain. Elsevier, New York, pp 127–144

Weber EU, Blais AR, Betz NE (2002) A domain-specific risk-attitude scale: measuring risk perceptions and risk behaviors. J Behav Decis Mak 15:263–290. doi:10.1002/bdm.414 CrossRef

Wilt J, Oehlberg K, Revelle W (2011) Anxiety in personality. Pers Individ Differ 50:987–993. doi:10.1016/j.paid.2010.11.014 CrossRef

Wong A, Carducci BJ (1991) Sensation-seeking and financial risk taking in everyday money matters. J Bus Psychol 5:525–530CrossRef

Zaleskiewicz T (2001) Beyond risk seeking and risk aversion: personality and the dual nature of economic risk taking. Eur J Pers 15:105–122. doi:10.1002/per.426 CrossRef

Titel: The role of anxiety and anger traits in financial field
verfasst von: Elisa Gambetti
Fiorella Giusberti
Publikationsdatum: 01.11.2014
Verlag: Springer Berlin Heidelberg
Erschienen in: Mind & Society / Ausgabe 2/2014
Print ISSN: 1593-7879
Elektronische ISSN: 1860-1839
DOI: https://doi.org/10.1007/s11299-014-0150-z

Springer Professional

Abstract

Bitte loggen Sie sich ein, um Zugang zu Ihrer Lizenz zu erhalten.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Springer Professional "Wirtschaft"

Weitere Artikel der Ausgabe 2/2014

Symposium on “Fear, economic behavior and public policies” - Part I

Emotion, utility maximization, and ecological rationality

Behavioral and emotional responses to escalating terrorism threat

On cognition and cultural evolution

Modern institutions between trust and fear: elements for an interpretation of legitimation through expertise

What underlies the Great Gatsby Curve? Psychological micro-foundations of the “vicious circle” of poverty