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Attracted to money and risk: the personality of finance professionals

Deter, Max and van Hoorn, André (2021) Attracted to money and risk: the personality of finance professionals. LSE Business Review (16 Jun 2021). Blog Entry.

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Abstract

Finance professionals have higher risk preferences and monetary motivation than the population as a whole. Max Deter and André van Hoorn analyse data on 465 bankers in Germany surveyed over 2,000 times between 2000 and 2017. They show that the preferences for risk and money are already present before they start to work in finance. The results indicate a business norm in the financial sector that attracts professionals who think in a riskier and more income-focused manner.

Item Type: Online resource (Blog Entry)
Official URL: https://blogs.lse.ac.uk/businessreview/
Additional Information: © 2021 The Authors
Divisions: LSE
Subjects: H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Date Deposited: 23 Aug 2021 09:21
Last Modified: 27 Aug 2021 23:04
URI: http://eprints.lse.ac.uk/id/eprint/111094

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