Personality traits and financial decisions: a study of youths in the Brazilian Army

• Autor(a) principal: Martelo, João Rafael
• Data de Publicação: 2020
• Outros Autores: Favero, Eveline, Souza Junior, Wagner Dantas de
• Tipo de documento: Artigo
• Idioma: por; eng
• Título da fonte: Revista de contabilidade e organizações
• Texto Completo: https://www.revistas.usp.br/rco/article/view/166547
• topic: Behavioral finance; Intertemporal choices; Personality traits; Human values; Brazilian Army; Finanças comportamentais; Escolhas intertemporais; Traços de personalidade; Valores humanos; Exército Brasileiro

This study analyzes the relationships between personality traits, human values ​​and socio-economic characteristics and intertemporal financial choices among young soldiers in the Brazilian army. Through the use of a survey, 218 young men in compulsory military service between 18 and 23 years of age from Cascavel, PR participated in our study. The results of our analyses suggest greater patience than impatience in their intertemporal financial choices, in a constant, non-hyperbolic discount model. Many young people did not present intertemporal discount models. The Pearson correlation coefficient revealed a significant association between personality traits of openness, conscientiousness and extroversion; basic human promotion, suprapersonal, existence and interaction values; and socioeconomic characteristics such as the mother's level of education, marital status, family income, growing up in a rural or urban environment and the size of the municipality of origin. These results suggest which emotional or contextual factors affect young people's intertemporal financial choices and how they can influence information processing and individual decision making through affective heuristics.