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Full-Text Articles in Counseling Psychology
Investigating Financial Biases That Can Increase Impact On Paying Bills And Saving, Lucy M. Delgadillo Ph.D.
Investigating Financial Biases That Can Increase Impact On Paying Bills And Saving, Lucy M. Delgadillo Ph.D.
Journal of Financial Therapy
This article explores financial biases and their relation to financial management behaviors. Using cognitive, evolutionary psychology, and behavioral finance theories, this study suggests that biases can be intentionally used to our benefit. The study shows statistically significant associations between some biases and financial management practices such as paying bills on time and saving regularly in the surveyed sample. The study provides insights into intentionally using financial biases to increase impact and success by helping individuals commit to the best course of action or choose the least costly financial alternative.
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 …