Identifying psychological traits and their impact on an individual's ability to financial forecast
Do psychological traits affect an individual’s ability to carry out financial forecasting? While traditional economic theories had deemed financial forecasting irrelevant, alternative theories such as behavioural economics were conceptualised to bridge the gaps within existing literature. To better...
| Main Authors: | , , |
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| Format: | Final Year Project (FYP) |
| Language: | English |
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Nanyang Technological University
2023
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10356/166574 |
| _version_ | 1811685193639002112 |
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| author | Lee, Zames Zhi Heng Fong, Wei Yao Koh, Daniel Shield Yee Cher |
| author2 | Bao Te |
| author_facet | Bao Te Lee, Zames Zhi Heng Fong, Wei Yao Koh, Daniel Shield Yee Cher |
| author_sort | Lee, Zames Zhi Heng |
| collection | NTU |
| description | Do psychological traits affect an individual’s ability to carry out financial forecasting? While traditional economic theories had deemed financial forecasting irrelevant, alternative theories such as behavioural economics were conceptualised to bridge the gaps within existing literature. To better understand this correlation, pre-registered learning-to-forecast experiments (LtFE) and other tests such as the eye gaze test were conducted to measure their varying levels of psychological traits. Findings suggest that Theory of Mind (ToM), and an individual’s cognitive ability is positively correlated to financial forecasting accuracy. However, ToM and the other psychological traits proved to be statistically insignificant in explaining the relationship between psychological traits and financial forecasting prowess, prompting further studies to be done in the future to explore this correlation. |
| first_indexed | 2024-10-01T04:40:38Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/166574 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T04:40:38Z |
| publishDate | 2023 |
| publisher | Nanyang Technological University |
| record_format | dspace |
| spelling | ntu-10356/1665742023-05-07T15:31:41Z Identifying psychological traits and their impact on an individual's ability to financial forecast Lee, Zames Zhi Heng Fong, Wei Yao Koh, Daniel Shield Yee Cher Bao Te School of Social Sciences baote@ntu.edu.sg Social sciences::Economic theory Do psychological traits affect an individual’s ability to carry out financial forecasting? While traditional economic theories had deemed financial forecasting irrelevant, alternative theories such as behavioural economics were conceptualised to bridge the gaps within existing literature. To better understand this correlation, pre-registered learning-to-forecast experiments (LtFE) and other tests such as the eye gaze test were conducted to measure their varying levels of psychological traits. Findings suggest that Theory of Mind (ToM), and an individual’s cognitive ability is positively correlated to financial forecasting accuracy. However, ToM and the other psychological traits proved to be statistically insignificant in explaining the relationship between psychological traits and financial forecasting prowess, prompting further studies to be done in the future to explore this correlation. Bachelor of Social Sciences in Economics 2023-05-03T06:08:28Z 2023-05-03T06:08:28Z 2023 Final Year Project (FYP) Lee, Z. Z. H., Fong, W. Y. & Koh, D. S. Y. C. (2023). Identifying psychological traits and their impact on an individual's ability to financial forecast. Final Year Project (FYP), Nanyang Technological University, Singapore. https://hdl.handle.net/10356/166574 https://hdl.handle.net/10356/166574 en HE1AY2223_38 application/pdf Nanyang Technological University |
| spellingShingle | Social sciences::Economic theory Lee, Zames Zhi Heng Fong, Wei Yao Koh, Daniel Shield Yee Cher Identifying psychological traits and their impact on an individual's ability to financial forecast |
| title | Identifying psychological traits and their impact on an individual's ability to financial forecast |
| title_full | Identifying psychological traits and their impact on an individual's ability to financial forecast |
| title_fullStr | Identifying psychological traits and their impact on an individual's ability to financial forecast |
| title_full_unstemmed | Identifying psychological traits and their impact on an individual's ability to financial forecast |
| title_short | Identifying psychological traits and their impact on an individual's ability to financial forecast |
| title_sort | identifying psychological traits and their impact on an individual s ability to financial forecast |
| topic | Social sciences::Economic theory |
| url | https://hdl.handle.net/10356/166574 |
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