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https://doi.org/10.31234/osf.i...
Article . 2019 . Peer-reviewed
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Openness to experience and the openness of stock portfolios

Authors: Paweł Niszczota;

Openness to experience and the openness of stock portfolios

Abstract

Individuals that are open to new experiences are less prejudiced, but does this relationship extend as far as the financial realm? In the present study, I investigate whether people that have high openness to experience are more inclined to invest in foreign stocks (and stocks from more distant countries), the inclusion of which benefits investors due to improved diversification. A total of 486 students participated in the study. Results show that high-openness participants allocated more of their hypothetical inheritance in foreign stocks than low-openness participants (although they were not significantly more interested in investing in distant countries). An additional analysis showed that the key relationship is mediated by risk tolerance (related to both openness to experience, and the propensity to invest in foreign stocks).

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
1
Average
Average
Average