Behavioral Finance and Investor Psychology
Personality beats knowledge as a predictor of crypto investment, study finds
A survey of 460 university students in Pakistan found that personality traits predicted cryptocurrency investing better than tested financial knowledge did, with openness and extraversion linked to participation and conscientiousness linked to caution.
Why some people can’t stop working, even when they want to
A study of 43 professionals who can't stop working traces the habit back to childhood. Researchers find that an internalized "doer" identity, built to survive early demands, can quietly generate the very distress people suffer at work.
Your financial planner has biases too, and they may shape what you hear about your house
A survey of 479 Canadian financial planners finds that their own behavioral biases, especially mental accounting and herding, are linked to how they rank retirement income options, including whether they would recommend tapping home equity.
Coffee shop calorie labels shift beliefs but not behavior, study finds
A study tested whether printing calorie counts on coffee shop menus changes what people order. The labels shifted beliefs and improved calorie knowledge, but did not significantly change what participants chose to buy.
Do small gestures on a restaurant check boost tips in Turkey the way they do in America?
Three field experiments in Istanbul tested whether classic American tipping tricks, like writing "thank you" or drawing a smiley on a check, work in a non-WEIRD setting. They did, but Turkish tips ran far smaller overall.
Does geopolitics decide where companies invest? New evidence says increasingly yes
A new study finds that political distance between countries weighs more heavily on foreign investment than a decade ago. But the friendshoring trend is mostly a Western phenomenon, and it reaches far beyond strategic industries.
Feeling thankful, wanting less: How gratitude quiets the pull of money
Four preregistered studies with over 3,000 participants found that gratitude reduces how much people want money, working through stronger feelings of social connection and a sense of purpose beyond the self.
Financial literacy boosts small businesses, but only with one key ingredient
A study of 115 small and medium enterprises finds that financial literacy is linked to stronger business performance, but only when owners also have meaningful access to credit and financial services.
New study sheds light on how self-control and confidence shape your financial well-being
A study of more than 8,500 Spanish adults finds that weak financial self-control and low confidence in managing money are both linked to lower financial well-being, with experiences of financial hardship carrying much of the effect.
Can ChatGPT beat the S&P 500? Eight months of daily picks suggest no
Tracking eight months of daily stock picks from ChatGPT, Claude, Gemini, and Grok, researchers find AI portfolios are concentrated in large tech names, tilted toward momentum, and deliver no abnormal returns after accounting for those tilts.