Economic Preferences and Personality Traits Among Finance Professionals and the General Population

Martin Holmén, Felix Holzmeister, Michael Kirchler, Matthias Stefan*, Erik Wengström

*Corresponding author for this work

Research output: Contribution to journalArticleScientificpeer-review

Abstract

Based on artefactual field experiments, we investigate whether finance professionals differ from a sample of the working population in terms of industry-relevant preferences and personality traits. When adjusting for socioeconomic characteristics, we find only few and less marked differences: finance professionals are less risk averse, less trustworthy, show higher levels of psychopathy and are more competitive than participants from the general population. In an additional survey, experts with hiring experience consider industry selection, self-selection and imprinting by industry norms as explanatory for the observed subject pool differences.
Original languageEnglish
Peer-reviewed scientific journalThe Economic Journal
Volume133
Issue number656
Pages (from-to)2949-2977
Number of pages29
ISSN0013-0133
DOIs
Publication statusPublished - 31.07.2023
MoE publication typeA1 Journal article - refereed

Keywords

  • 511 Economics

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