Covariates of behavioral consistency among adolescents

IF 4.3 2区经济学 Q1 BUSINESS, FINANCE

Journal of Behavioral and Experimental Finance Pub Date : 2024-09-21 DOI:10.1016/j.jbef.2024.100986

Marco Aschenwald , Armando Holzknecht , Michael Kirchler , Michael Razen

引用次数: 0

Abstract

Building on cross-sectional data for Austrian high school students from fifth to twelfth grade (N = 771), we investigate the covariates of adolescents’ behavioral consistency for which we propose a novel measure focusing on the susceptibility to a battery of behavioral biases. Most importantly, we find that behavioral consistency significantly correlates with sense of future financial security, which demonstrates the practical relevance of the ability to make consistent decisions. Moreover, self-reported parental financial education relates positively to behavioral consistency. Our results also reveal an increase in behavioral consistency from students in lower secondary education to those in upper secondary education, paired with school-type effects in the latter group.

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青少年行为一致性的相关因素

基于奥地利高中五年级至十二年级学生（771 人）的横截面数据，我们对青少年行为一致性的协变量进行了调查，并提出了一种新的测量方法，该方法侧重于对一系列行为偏差的易感性。最重要的是，我们发现行为一致性与未来财务安全感显著相关，这表明做出一致决策的能力具有实际意义。此外，自我报告的父母金融教育与行为一致性呈正相关。我们的研究结果还显示，从初中教育阶段到高中教育阶段，学生的行为一致性会有所提高，而高中教育阶段的学生则会受到学校类型的影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Behavioral and Experimental Finance BUSINESS, FINANCE-

CiteScore

13.20

自引率

6.10%

发文量

审稿时长

69 days

期刊介绍： Behavioral and Experimental Finance represent lenses and approaches through which we can view financial decision-making. The aim of the journal is to publish high quality research in all fields of finance, where such research is carried out with a behavioral perspective and / or is carried out via experimental methods. It is open to but not limited to papers which cover investigations of biases, the role of various neurological markers in financial decision making, national and organizational culture as it impacts financial decision making, sentiment and asset pricing, the design and implementation of experiments to investigate financial decision making and trading, methodological experiments, and natural experiments. Journal of Behavioral and Experimental Finance welcomes full-length and short letter papers in the area of behavioral finance and experimental finance. The focus is on rapid dissemination of high-impact research in these areas.