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Is There Enough Psychology in Behavioural Economics? Personality Types and Human Propensities

In: Selected Issues in Experimental Economics

Author

Listed:
  • Mariusz Doszyń

    (University of Szczecin)

  • Sebastian Majewski

    (University of Szczecin)

Abstract

An attempt to add a psychological background into an analysis of human behaviour is made in the chapter. Behaviours are viewed in the context of human propensities. Problems connected with dependencies between personality types and chosen propensities are discussed. The main focus is put on differences in propensities with respect to personality orientations. To identify personality types, Rotter’s locus of control concept as well as Fromm’s personality theory is applied. Some methodological issues related to propensities are presented. In an empirical example the differences in propensity to risk, consume, invest and save with respect to personality features are analysed. The results obtained in the research are compared with the observations of Barber and Odean.

Suggested Citation

  • Mariusz Doszyń & Sebastian Majewski, 2016. "Is There Enough Psychology in Behavioural Economics? Personality Types and Human Propensities," Springer Proceedings in Business and Economics, in: Kesra Nermend & Małgorzata Łatuszyńska (ed.), Selected Issues in Experimental Economics, edition 1, chapter 0, pages 271-284, Springer.
    • Handle: RePEc:spr:prbchp:978-3-319-28419-4_17
    DOI: 10.1007/978-3-319-28419-4_17
    as

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