Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/264516 
Year of Publication: 
2021
Citation: 
[Journal:] Review of Financial Economics [ISSN:] 1873-5924 [Volume:] 40 [Issue:] 2 [Publisher:] Wiley Periodicals, Inc. [Place:] Hoboken, USA [Year:] 2021 [Pages:] 200-234
Publisher: 
Wiley Periodicals, Inc., Hoboken, USA
Abstract: 
This paper examines the relationship between the disposition effect and personality traits and aims to find an additional explanation of this bias in a willingness to pay for admiration. We conduct a personality assessment, a stock trading game and a sealed‐bid English auction for 84 individual investors. The gathered data correspond with the literature on a descriptive level; however, even though admiration‐seeking behavior is an important part of social interaction, there is no significant willingness to pay for it. Furthermore, we do not see any influence of personality on the disposition effect. Our findings add to the ongoing discussion of personality traits in connection with behavioral biases.
Subjects: 
admiration
big five
dark triad
disposition effect
personality traits
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

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