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- Title
The Relationship of Financial Behaviors with Personality Traits and Financial Literacy: An Empirical Research.
- Authors
KALAYCI, Muhammed; TUTAR, Salih
- Abstract
People's transactions in financial markets may vary according to their financial literacy levels and personality traits. The main goal of this paper is to evaluate the connection between the characters and financial literacy levels of individuals and their financial behaviors. This study used a quantitative research method to reveal the relationship between variables. A simple random sampling technique determined the study's sample, and the survey technique was chosen to collect data. The questionnaire was created from the Type A and B Personality Scale and the Self-Determination Scale. In addition, a section to determine the level of finance literacy was added to the survey. In line with the findings got from the research data analysis, it was seen that the financial literacy level of people with type A personality traits is higher, and people with this personality type make more rational decisions in financial behaviors. These findings show that financial behaviors vary according to personality traits and actors can act irrationally in financial markets.
- Subjects
PERSONALITY; LITERACY; PSYCHOLOGICAL typologies; EMPIRICAL research; FINANCIAL literacy; QUANTITATIVE research; FINANCIAL markets
- Publication
Ege Academic Review, 2024, Vol 24, Issue 2, p337
- ISSN
1303-099X
- Publication type
Article
- DOI
10.21121/eab.240213