By John Ameriks, Tanja Wranik, Peter Salovey
In response to a survey of forefront IRA and 401(k) traders, the authors express that traders who ranking hugely on assessments of emotional intelligence (i.e., the power "to realize and use feelings productively") are likely to show behaviors (e.g., using reasonably cheap fund techniques) that correlate strongly with strong funding functionality.
Read Online or Download Emotional Intelligence and Investor Behavior PDF
Similar economy books
Der Kapitalisinus treibt auf eine ausweglose scenario zu. Der Lebensstandard breiter Bevölke-rungsschichten sinkt, die Arbeitslosigkeit nirnnit zu. der Ausweg in die Dienstleistungsgesellschaft erweist sich als phantasm. Die Marktwirtschaft wird mit ihren Produktivitätssprüngen - Automation und Globalisierung - nicht mehr fertig.
This file is the fabricated from a fifteen-month lengthy undertaking through the McKinsey international Institute, operating in collaboration with McKinsey's India place of work, at the financial functionality of India.
The expanding call for for rural land and its average assets is growing pageant and conflicts. Many events, together with farmers, nature conservationists, rural citizens and travelers, compete for a similar area. specially in densely populated parts, agriculture, game, city and suburban progress and infrastructure improvement exert a relentless strain on rural parts.
- Cooperating on Competition in Transatlantic Economic Relations: The Politics of Dispute Prevention (International Political Economy)
- Resource Abundance and Economic Development (W I D E R Studies in Development Economics)
- Too Sensational: On the Choice of Exchange Rate Regimes
- The Economics of Law: An Introductory Text
Extra info for Emotional Intelligence and Investor Behavior
To model the passive–active decision, we formed three groups of investors with different degrees of indexed-equity exposure in their retirement accounts: individuals whose equity funds were all actively managed (the 0 percent, or noindex, group), those who held both active and passive funds (the 1–99 percent, or some-index, group), and those who held only equity index funds (the 100 percent, or all-index, group). Again, we used an unordered multinomial probit model to isolate psychological and demographic characteristics related to membership in these three groups.
00 No Income No Reads % Stock Trans. Male Married Children College College Postgrad. <$250,000 Advice Fin. Int. Fin. Lit. Balance % Stock Indexed Days Male IRA investors Category Table A2. 00 of 31 December 2005. for 2004–2006 for IRA investors, total for 2005 through Q2 2007 for 401(k) investors. bTotal aAs Notes: Italic font signifies significance at the 10 percent level. Bold font signifies significance at the 5 percent level. 00 No Income No Reads % Stock Trans. Male Married Children College College Postgrad.
First, we found Impulsiveness, especially the measure of Urgency, to be strongly related to high transaction activity in both IRA and 401(k) accounts (see Exhibit 9). Second, those high in Premeditation were more likely to have none of their assets (in the Vanguard accounts) in indexed funds. Because a high volume of trading and a lack of indexed funds are considered less-than-optimal behavior (Barber and Odean 2000; French 2008), this result would help explain why both Impulsiveness dimensions were strongly and negatively related to IRR.
Emotional Intelligence and Investor Behavior by John Ameriks, Tanja Wranik, Peter Salovey