Intelligence, conscientiousness and extraversion moderate the house money effect in real-life financial decision-making

IF 3.1 2区心理学 Q2 PSYCHOLOGY, SOCIAL

Journal of Research in Personality Pub Date : 2025-09-23 DOI:10.1016/j.jrp.2025.104669

Jussi Palomäki , Michael Laakasuo , Sari Castrén , Tuomo Kainulainen , Jani Saastamoinen , Niko Suhonen

引用次数: 0

Abstract

Cognitive biases strongly influence risky decisions with payoffs. Financial risk-taking tends to increase following prior gains, as if gambling with “house money”. Intelligence and personality also influence risk preferences, but the extent to which they moderate susceptibility to cognitive biases is not understood. We evaluated the house money effect and its moderators by combining data from an online horse betting dataset, comprehensive administrative population registry, and intelligence and personality trait measures (N = 11,220). Gains on the previous betting day were associated with increased betting amounts on the following betting day and shorter time between two consequent sessions. This effect was stronger among individuals with higher extraversion, lower conscientiousness, and lower IQ. Intelligence and personality have tangible monetary implications in real-life risky choices.

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在现实生活中的财务决策中，智力、责任心和外向性调节了房屋资金效应

认知偏见强烈地影响着带有回报的风险决策。金融冒险往往会随着先前的收益而增加，就像用“房子的钱”赌博一样。智力和个性也会影响风险偏好，但它们在多大程度上调节了对认知偏差的敏感性尚不清楚。我们通过结合来自在线赛马博彩数据集、综合行政人口登记以及智力和人格特质测量（N = 11,220）的数据来评估房屋资金效应及其调节因子。前一个投注日的收益与下一个投注日的投注金额增加和随后两个回合之间的时间缩短有关。这种效应在外向性较高、尽责性较低和智商较低的个体中更为明显。在现实生活中的风险选择中，智力和个性有着实实在在的金钱含义。

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 Research in Personality PSYCHOLOGY, SOCIAL-

CiteScore

5.40

自引率

6.10%

发文量

102

审稿时长

67 days

期刊介绍： Emphasizing experimental and descriptive research, the Journal of Research in Personality presents articles that examine important issues in the field of personality and in related fields basic to the understanding of personality. The subject matter includes treatments of genetic, physiological, motivational, learning, perceptual, cognitive, and social processes of both normal and abnormal kinds in human and animal subjects. Features: • Papers that present integrated sets of studies that address significant theoretical issues relating to personality. • Theoretical papers and critical reviews of current experimental and methodological interest. • Single, well-designed studies of an innovative nature. • Brief reports, including replication or null result studies of previously reported findings, or a well-designed studies addressing questions of limited scope.