Behavioural and psychological traits of 'Get-Rich-Quick Schemes' participants in Malaysia
The purpose of this paper is to analyze the behavioural and psychological traits of getrich-quick schemes participants using Big Five Inventory (BFI) psychometric test. Design/Methodology/Approach – A sample of 400 respondents was randomly selected in various regions in Malaysia of which 200 of them...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Hamdard Foundation Pakistan
2020
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| Online Access: | https://repo.uum.edu.my/id/eprint/28650/1/Behavioural%20and%20Psychological.pdf |
| _version_ | 1825805837879214080 |
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| author | Mazlan, Ahmad Rizal Mohd. Othman, Fazilah Mohtar, Shahimi Zubir@Salim, Azlizaman |
| author_facet | Mazlan, Ahmad Rizal Mohd. Othman, Fazilah Mohtar, Shahimi Zubir@Salim, Azlizaman |
| author_sort | Mazlan, Ahmad Rizal |
| collection | UUM |
| description | The purpose of this paper is to analyze the behavioural and psychological traits of getrich-quick schemes participants using Big Five Inventory (BFI) psychometric test. Design/Methodology/Approach – A sample of 400 respondents was randomly selected in various regions in Malaysia of which 200 of them have participated in GRQS and the other 200 have never participated. The Big Five Inventory (BFI) personality assessment instrument was used which consists of the five personality traits – openness, conscientiousness, extraversion, agreeableness and neuroticism. Findings – In general, men have a greater tendency to join GRQS than women; and the proportion of Malay respondents participated in GRQS is higher than other races. Those with lower academic qualification, above 30 years old and in the middle-income group also have relatively higher tendency to join GRQS compared to other comparable groups. For the BFI psychometric test, the t-test shows that the extroversion, conscientiousness and neuroticism levels of the participants are significantly different than the non-participants. Originality/Value – This is considered to be the first study to assess the personality traits of GRQS participants using BFI psychometric test, which enables the regulator such as the central bank to understand the behaviour and psychological traits of those who are prone to join a fraudulent investment scheme such as GRQS in Malaysia. |
| first_indexed | 2024-07-04T06:38:46Z |
| format | Article |
| id | uum-28650 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:38:46Z |
| publishDate | 2020 |
| publisher | Hamdard Foundation Pakistan |
| record_format | eprints |
| spelling | uum-286502022-04-24T10:30:13Z https://repo.uum.edu.my/id/eprint/28650/ Behavioural and psychological traits of 'Get-Rich-Quick Schemes' participants in Malaysia Mazlan, Ahmad Rizal Mohd. Othman, Fazilah Mohtar, Shahimi Zubir@Salim, Azlizaman HN Social history and conditions. Social problems. Social reform The purpose of this paper is to analyze the behavioural and psychological traits of getrich-quick schemes participants using Big Five Inventory (BFI) psychometric test. Design/Methodology/Approach – A sample of 400 respondents was randomly selected in various regions in Malaysia of which 200 of them have participated in GRQS and the other 200 have never participated. The Big Five Inventory (BFI) personality assessment instrument was used which consists of the five personality traits – openness, conscientiousness, extraversion, agreeableness and neuroticism. Findings – In general, men have a greater tendency to join GRQS than women; and the proportion of Malay respondents participated in GRQS is higher than other races. Those with lower academic qualification, above 30 years old and in the middle-income group also have relatively higher tendency to join GRQS compared to other comparable groups. For the BFI psychometric test, the t-test shows that the extroversion, conscientiousness and neuroticism levels of the participants are significantly different than the non-participants. Originality/Value – This is considered to be the first study to assess the personality traits of GRQS participants using BFI psychometric test, which enables the regulator such as the central bank to understand the behaviour and psychological traits of those who are prone to join a fraudulent investment scheme such as GRQS in Malaysia. Hamdard Foundation Pakistan 2020 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/28650/1/Behavioural%20and%20Psychological.pdf Mazlan, Ahmad Rizal and Mohd. Othman, Fazilah and Mohtar, Shahimi and Zubir@Salim, Azlizaman (2020) Behavioural and psychological traits of 'Get-Rich-Quick Schemes' participants in Malaysia. Hamdard Islamicus, 43 (S2). pp. 2649-2661. ISSN 02507196 https://hamdardfoundation.org/hamdard Islamicus/ |
| spellingShingle | HN Social history and conditions. Social problems. Social reform Mazlan, Ahmad Rizal Mohd. Othman, Fazilah Mohtar, Shahimi Zubir@Salim, Azlizaman Behavioural and psychological traits of 'Get-Rich-Quick Schemes' participants in Malaysia |
| title | Behavioural and psychological traits of 'Get-Rich-Quick Schemes' participants in Malaysia |
| title_full | Behavioural and psychological traits of 'Get-Rich-Quick Schemes' participants in Malaysia |
| title_fullStr | Behavioural and psychological traits of 'Get-Rich-Quick Schemes' participants in Malaysia |
| title_full_unstemmed | Behavioural and psychological traits of 'Get-Rich-Quick Schemes' participants in Malaysia |
| title_short | Behavioural and psychological traits of 'Get-Rich-Quick Schemes' participants in Malaysia |
| title_sort | behavioural and psychological traits of get rich quick schemes participants in malaysia |
| topic | HN Social history and conditions. Social problems. Social reform |
| url | https://repo.uum.edu.my/id/eprint/28650/1/Behavioural%20and%20Psychological.pdf |
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