The Effect Of Personality Characteristics, Pessimism And Procrastination Towards Student’s Investment Decision

Abstract

The research explores the effect of active students' personality traits and behavioral constraints on their decision to be involved in the stock and cryptocurrency market. The data of personality characteristics and behavioral constraints include Big Five personality traits (Neuroticism, Extraversion, Conscientiousness, Openness to Experience, Agreeableness), pessimism, and procrastination. Using Structural Equation Modelling (SEM) analysis method in SmartPLS v3.2.9., it analyses 212 active Indonesian students under 30. The study found extraversion positively influences students to invest in the stock market as their risk tolerance moderates it. A similar result also found that risk tolerance positively affects openness to experience personality regarding the cryptocurrency acquisition.