, Volume 13, Issue 2, pp 271-284
Date: 05 Aug 2014

The role of anxiety and anger traits in financial field

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Abstract

To investigate the role of anger and anxiety traits on psychological attitudes about consumer behaviour, we asked to participants their perceptions and preferences about housing loans. Results show that: mortgage risk perception is negatively associated with trait anger and positively with trait anxiety, whereas the opposite happens for housing loan predictability; trait anger is positively associated with preference for adjustable-rate mortgage, whereas trait anxiety predicts a preference for no form of housing loan. These findings fit with a growing body of evidence suggesting that personality traits influence perceptions and preferences about financial risk-taking.