DSpace Repository

An Examining of Economic Stress and its Impact on Financial Risk-taking Through Perceptions of Control

An Examining of Economic Stress and its Impact on Financial Risk-taking Through Perceptions of Control

Show full item record

Title: An Examining of Economic Stress and its Impact on Financial Risk-taking Through Perceptions of Control
Author: Quimpo Katter, Joana Katherine
Abstract: The current project consists of two studies that explore the theoretical framework linking economic stress and financial risk-taking, with a focus on the importance of perceived control. Specifically, it was hypothesized that economic stress would influence financial risk-taking behaviour by first influencing an individuals sense of personal control over their own situation, which would, in turn, influence their perceived control over risky behaviours. The role of related personality traits in influencing perceptions of control and risk-taking behaviours are also considered. Study 1 explored the effect of an economic stress manipulation on the extent that an individual perceives his or her own financial situation to be under his or her personal control, and how control perceptions are associated with perceived risk in gambling and investing activities. Study 2 expanded on the exploration of control perceptions to include perceptions of both personal internal control and control by outside forces, to fully capture how perceptions of control shift under economic stress. Partial support for the hypothesized model is found. Theoretical and practical implications of the study findings are discussed.
Subject: Behavioral sciences
Keywords: Psychology
Social psychology
Economic psychology
Behavioural finance
Economic stress
Financial stress
Stress
Coping
Decision making
Control
Perceptions of control
Personality
Resilience
Locus of control
Risk-taking
Financial decision making
Investing
Gambling
Risky behaviour
Appraisals
Risk perceptions
Type: Electronic Thesis or Dissertation
Rights: Author owns copyright, except where explicitly noted. Please contact the author directly with licensing requests.
URI: http://hdl.handle.net/10315/34505
Supervisor: Greenglass, Esther R.
Degree: PhD - Doctor of Philosophy
Program: Psychology(Functional Area: Social and Personality)
Exam date: 2017-11-07
Publish on: 2018-05-28

Files in this item



This item appears in the following Collection(s)