Risky Business: Measuring the Impact of Introversion, Extraversion, and Risk Aversion on Individual and Joint Decision Making
Student Research Paper
Dr. Bryan Greenberg
Decision making is a rich field of study explored across multiple disciplines in a variety of settings. One specific area that has received a great deal of attention is financial decision making, most notably Kahneman and Tversky’s (1979) work on psychological patterns affecting risk aversion in individuals. There are, however, areas yet unexplored, including the role of personality, group composition, as well as emotion regulation. This study seeks to explore these concepts. To accomplish this, an experimental approach was utilized to test risk aversion levels of individuals and partners in their financial decision making. Introversion, extraversion, emotion regulation, anger, and stress, were also accounted for. Overall, results were mixed but did demonstrate promise that emotion regulation, anger, introversion and extraversion were factors in financial decision making.
Pilny, Nicholas A., "Risky Business: Measuring the Impact of Introversion, Extraversion, and Risk Aversion on Individual and Joint Decision Making" (2021). Business: Student Scholarship & Creative Works. 23.
Honors Senior Thesis; Honors in the Discipline