TY  - JOUR
A1  - Hackethal, Andreas
A1  - Nemeczek, Fabian
A1  - Radermacher, Jan
T1  - What does your personality reveal about your financial behavior? Evidence from a FinTech experiment
T2  - Efl insights : an elf - the Data Science Institute publication
N2  - We co-operate with a German financial account aggregator (FAA) and conduct a personality survey with 1,700 app users. We combine the survey results with their anonymized transaction data and investigate links between personality traits and spending behavior. Observing many lottery windfalls in our dataset and treating these incidents as real-life experiments, we ask: what do individuals do with unexpected income changes? Our findings suggest that highly extraverted individuals tend to overspend in response to lottery windfalls.
Y1  - 2022
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/68253
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-682539
SN  - 1866-1238
SN  - 2700-2241
VL  - 2022
IS  - 2
SP  - 6
EP  - 8
PB  - E-Finance Lab e.V.
CY  - Frankfurt am Main
ER  -