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Full-Text Articles in Psychology
Examining Financial Anxiety Focusing On Interactions Between Financial Knowledge And Financial Self-Efficacy, Jae Min Lee, Abed Rabbani, Wookjae Heo
Examining Financial Anxiety Focusing On Interactions Between Financial Knowledge And Financial Self-Efficacy, Jae Min Lee, Abed Rabbani, Wookjae Heo
Journal of Financial Therapy
This study examined whether the association between financial knowledge and financial anxiety depends on an individual’s financial self-efficacy by incorporating an interaction term between financial self-efficacy and financial knowledge. The self-efficacy component of the social cognitive theory of self-regulation has been tested using the 2018 National Financial Capability Study dataset. Households with higher financial knowledge and financial self-efficacy had lower levels of financial anxiety. After adding interaction terms of financial knowledge and financial self-efficacy in the model, the relationship between financial knowledge and financial anxiety depended on the levels of financial self-efficacy. Among those with anything less than high financial …
Describing Gambling Affinity: The Role Of Personality Traits, John Grable, So-Hyun Joo, Eun Jin Kwak
Describing Gambling Affinity: The Role Of Personality Traits, John Grable, So-Hyun Joo, Eun Jin Kwak
Journal of Financial Therapy
This study was undertaken to determine the degree to which personality dimensions provide insights into who is likely to gamble a significant dollar amount at a casino. Using measures of the Big Five, respondents were grouped into one of the following four personality clusters: (a) Moderate Trait Scores, in which no trait dimension was dominant; (b) Elevated Trait Scores, where a respondent scored highly across trait dimensions; (c) Agreeably Conscientious, in which a respondent scored highly on the agreeableness and conscientious trait domains; and (d) Highly Extraverted, where a respondent’s dominant trait dimension was extraversion. Respondents who were classified as …