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The role of anxiety and anger traits in financial field

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  • Elisa Gambetti
  • Fiorella Giusberti

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. Copyright Springer-Verlag Berlin Heidelberg 2014

Suggested Citation

  • Elisa Gambetti & Fiorella Giusberti, 2014. "The role of anxiety and anger traits in financial field," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 13(2), pages 271-284, November.
    • Handle: RePEc:spr:minsoc:v:13:y:2014:i:2:p:271-284
    DOI: 10.1007/s11299-014-0150-z
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    References listed on IDEAS

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    1. Berns, Gregory S. & Loewenstein, George & Laibson, David I., 2007. "Intertemporal Choice - Toward an Integrative Framework," Scholarly Articles 4554332, Harvard University Department of Economics.
    2. Gambetti, Elisa & Giusberti, Fiorella, 2012. "The effect of anger and anxiety traits on investment decisions," Journal of Economic Psychology, Elsevier, vol. 33(6), pages 1059-1069.
    3. Corvoisier, Sandrine & Gropp, Reint, 2002. "Bank concentration and retail interest rates," Journal of Banking & Finance, Elsevier, vol. 26(11), pages 2155-2189, November.
    4. Juan Fernández de Guevara & Joaquín Maudos & Francisco Pérez, 2005. "Market Power in European Banking Sectors," Journal of Financial Services Research, Springer;Western Finance Association, vol. 27(2), pages 109-137, April.
    5. Ward, Damian Robert, 2009. "Product differentiation and consumption efficiency in mortgage markets," Journal of Business Research, Elsevier, vol. 62(8), pages 805-809, August.
    6. Cho, Jinsook & Lee, Jinkook, 2006. "An integrated model of risk and risk-reducing strategies," Journal of Business Research, Elsevier, vol. 59(1), pages 112-120, January.
    7. Elisa Gambetti & Fiorella Giusberti, 2009. "Dispositional anger and risk decision-making," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 8(1), pages 7-20, June.
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    Cited by:

    1. Mario Cedrini & Marco Novarese, 2015. "The challenge of fear to economics," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 14(1), pages 99-106, June.
    2. Daniel M. V. Bernaola & Gizelle D. Willows & Darron West, 2021. "The relevance of anger, anxiety, gender and race in investment decisions," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 20(1), pages 1-21, June.

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