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The dark triad and investment behavior

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  • Suchanek, Max

Abstract

This paper studies the influence of dark personality traits, machiavellianism, narcissism and psychopathy on several behavioral biases. Using survey data and a multiple linear regression framework, a relationship between the dark triad and home bias, overconfidence and herd mentality was found on a data set of 298 individuals. The relation is particularly pronounced for US nationals. US subjects with more pronounced dark traits are more vulnerable to overconfidence and herd mentality, but less affected by the home bias.

Suggested Citation

  • Suchanek, Max, 2021. "The dark triad and investment behavior," Journal of Behavioral and Experimental Finance, Elsevier, vol. 29(C).
    • Handle: RePEc:eee:beexfi:v:29:y:2021:i:c:s2214635021000010
    DOI: 10.1016/j.jbef.2021.100457
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    Cited by:

    1. Kumar, Satish & Rao, Sandeep & Goyal, Kirti & Goyal, Nisha, 2022. "Journal of Behavioral and Experimental Finance: A bibliometric overview," Journal of Behavioral and Experimental Finance, Elsevier, vol. 34(C).
    2. Suchanek Max & Minh‐Lý Liêu, 2022. "The disposition effect and admiration seeking," Review of Financial Economics, John Wiley & Sons, vol. 40(2), pages 200-234, April.

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