MBTI personality type and financial behavioral bias

Studies on behavioral financial theory found that the individual investment decision process involves many behavioral biases. This behavioral bias can cause investors to deviate from rational decision-making. The purpose of this study is to see whether there is an influence of gender factors on financial behavioral biases in this study, namely overconfidence bias, herding, and regret aversion. Then this study also aims to see whether MBTI personality types influence financial behavioral biases in this study, namely overconfidence bias, herding, and regret aversion. This study aims to identify the relationship between gender variables, MBTI personality assessments, and financial behavioral biases in investors in Indonesia. To conduct this study, a structured questionnaire was given to 230 respondents at the researcher.populix.co.id as the primary data collection page that includes questions related to gender variables, overconfidence bias, herding bias, regret aversion bias, and MBTI personality assessment. Of the 230 respondents, 182 respondents were accepted and met the analysis requirements. The findings obtained were that the gender factor that had a significant effect on this study was only on overconfidence bias while herding and regret aversion did not have a significant effect. Then the MBTI personality type significantly influenced the three financial behavior biases.

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Publication Details

Journal
International Journal of Social and Administrative Sciences
Published
2024-11-28
DOI
https://doi.org/10.55493/5051.v9i2.5236
Primary Topic
Technology Adoption and User Behaviour
Type
article
Field-Weighted Citation Impact
0.00

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article

MBTI personality type and financial behavioral bias

Kharisya Ayu Effendi, S.S. Nur Amalia
International Journal of Social and Administrative Sciences
Technology Adoption and User Behaviour
article

MBTI personality type and financial behavioral bias

Kharisya Ayu Effendi, S.S. Nur Amalia
article en

Abstract

Studies on behavioral financial theory found that the individual investment decision process involves many behavioral biases. This behavioral bias can cause investors to deviate from rational decision-making. The purpose of this study is to see whether there is an influence of gender factors on financial behavioral biases in this study, namely overconfidence bias, herding, and regret aversion. Then this study also aims to see whether MBTI personality types influence financial behavioral biases in this study, namely overconfidence bias, herding, and regret aversion. This study aims to identify the relationship between gender variables, MBTI personality assessments, and financial behavioral biases in investors in Indonesia. To conduct this study, a structured questionnaire was given to 230 respondents at the researcher.populix.co.id as the primary data collection page that includes questions related to gender variables, overconfidence bias, herding bias, regret aversion bias, and MBTI personality assessment. Of the 230 respondents, 182 respondents were accepted and met the analysis requirements. The findings obtained were that the gender factor that had a significant effect on this study was only on overconfidence bias while herding and regret aversion did not have a significant effect. Then the MBTI personality type significantly influenced the three financial behavior biases.

International Journal of Social and Administrative SciencesVol. 9(2)
Universitas Widyatama (ID)
Universitas Widyatama
Gender equality
Openalex Percentile: Top 74%
Technology Adoption and User Behaviour
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