What does your personality reveal about your financial behavior? Evidence from a FinTech experiment

  • 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.

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Metadaten
Author:Andreas HackethalORCiDGND, Fabian NemeczekORCiD, Jan Radermacher
URN:urn:nbn:de:hebis:30:3-682539
ISSN:1866-1238
ISSN:2700-2241
Parent Title (English):Efl insights : an elf - the Data Science Institute publication
Publisher:E-Finance Lab e.V.
Place of publication:Frankfurt am Main
Document Type:Article
Language:English
Date of Publication (online):2022/07/04
Date of first Publication:2022/07/04
Publishing Institution:Universit├Ątsbibliothek Johann Christian Senckenberg
Creating Corporation:E-Finance Lab <Frankfurt, Main>
Release Date:2022/07/21
Volume:2022
Issue:2
Page Number:3
First Page:6
Last Page:8
HeBIS-PPN:50504613X
Institutes:Angeschlossene und kooperierende Institutionen / E-Finance Lab e.V.
Dewey Decimal Classification:3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft
Sammlungen:Universit├Ątspublikationen
Licence (German):License LogoDeutsches Urheberrecht