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American scientists have gone beyond the personality traits of the classic "Big Five" and considered them in the context of predicting financial success.
A new study by researchers from Georgia State University in the United States has shown that financial decision-making and risk awareness depend not so much on the experience or advice of knowledgeable people, but on the personality type of the person himself. The results of the work were published in the journal Personality and Individual Differences.
The team studied the specific traits included in the Big Five, a model that reflects how we perceive each other. According to her, a person's personality has five dispositions: openness to experience (correlated with intelligence), conscientiousness or conscientiousness, benevolence, extraversion (when experiences, interests and emotions are focused on the surrounding reality) and neuroticism (anxiety, excitability, anxiety and self-doubt).
The authors of the study surveyed 395 people about their personality, ability to cope with financial risks, happiness levels, and wealth. Using extended statistical modeling, three different personality types were identified (“controlled”, under controlled; “overly controlled”, over controlled and “stable” (viable, cheerful, reliable), resilient), taking into account their financial success and inherent traits from the “Big five". The researchers then analyzed how the perspectives and experiences of the three groups differed.
The most numerous was the group of "overly controlled": such people did not like adventures and risky activities that can sometimes bring in a lot of money, such as investing and trading / selling securities. They were docile and conscientious, but they were not too extroverted.
The other two cohorts were found to be more risk tolerant. So, "stable" extroverts were characterized by fitness and stability, openness and, for the most part, the absence of neuroticism. The “controlled” ones turned out to be less conscious, extroverted and at the same time neurotic. They liked to take risks, but sometimes they took on too much.
As it turned out, people who showed the best financial results and success in this regard, as a rule, belonged to the second group: adapted and stable extroverts, but not neurotics. They are willing to take a certain risk, nevertheless, they do not overestimate the possibilities and take into account the consequences.
A new study by researchers from Georgia State University in the United States has shown that financial decision-making and risk awareness depend not so much on the experience or advice of knowledgeable people, but on the personality type of the person himself. The results of the work were published in the journal Personality and Individual Differences.
The team studied the specific traits included in the Big Five, a model that reflects how we perceive each other. According to her, a person's personality has five dispositions: openness to experience (correlated with intelligence), conscientiousness or conscientiousness, benevolence, extraversion (when experiences, interests and emotions are focused on the surrounding reality) and neuroticism (anxiety, excitability, anxiety and self-doubt).
The authors of the study surveyed 395 people about their personality, ability to cope with financial risks, happiness levels, and wealth. Using extended statistical modeling, three different personality types were identified (“controlled”, under controlled; “overly controlled”, over controlled and “stable” (viable, cheerful, reliable), resilient), taking into account their financial success and inherent traits from the “Big five". The researchers then analyzed how the perspectives and experiences of the three groups differed.
The most numerous was the group of "overly controlled": such people did not like adventures and risky activities that can sometimes bring in a lot of money, such as investing and trading / selling securities. They were docile and conscientious, but they were not too extroverted.
The other two cohorts were found to be more risk tolerant. So, "stable" extroverts were characterized by fitness and stability, openness and, for the most part, the absence of neuroticism. The “controlled” ones turned out to be less conscious, extroverted and at the same time neurotic. They liked to take risks, but sometimes they took on too much.
As it turned out, people who showed the best financial results and success in this regard, as a rule, belonged to the second group: adapted and stable extroverts, but not neurotics. They are willing to take a certain risk, nevertheless, they do not overestimate the possibilities and take into account the consequences.
