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Original Articles

The influence of mood on the willingness to take financial risks

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Pages 905-923 | Published online: 14 Oct 2008

Keep up to date with the latest research on this topic with citation updates for this article.

Read on this site (6)

Trang M. T. Phung, Wei-Huei Hsu, Michael J. Naylor & Martin R. Young. (2022) Perceived risk and debt behaviour in the stock market: A survey of investors in Vietnam. Cogent Economics & Finance 10:1.
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PauloM. Gama & ElisabeteF. S. Vieira. (2013) Another look at the holiday effect. Applied Financial Economics 23:20, pages 1623-1633.
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Crystal Glenda Rodrigues & B.V. Gopalakrishna. (2023) Financial literacy–a regulator of intended investment behaviour: analysing the hypothetical portfolio composition. Managerial Finance.
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Toritseju Begho & Omotuyole I. Ambali. (2021) Examining the Effect of Short-Term Affect on Farmers’ Risk and Time Preferences in Financial Decision-Making. Studies in Microeconomics 11:3, pages 301-319.
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Geetha E., Rajeev Matha, Kishore L. & Venisha Jenifer Dmello. (2023) How does risk aversion shape investors’ intentions? Evidence from the Indian corporate bond market. Investment Management and Financial Innovations 20:4, pages 211-226.
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Prabal Shrestha, James Thewissen, Özgür Arslan‐Ayaydin & Annaleena Parhankangas. (2023) A sense of risk: Responses to crowdfunding risk disclosures. Strategic Entrepreneurship Journal.
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Pragati Hemrajani, Rajni, Muskan Khan & Rahul Dhiman. (2023) Financial risk tolerance: A review and research agenda. European Management Journal.
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Yogita Singh, Mohd. Adil & S. M. Imamul Haque. (2022) Personality traits and behaviour biases: the moderating role of risk-tolerance. Quality & Quantity 57:4, pages 3549-3573.
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Marie-Hélène Broihanne, Hava Orkut & Francis Osei-Tutu. (2023) Cold time, cool time? Weather-induced moods and financial risk tolerance: Evidence from a real-world banking context. Finance Research Letters 55, pages 103978.
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Shuo Chen, Zhuoer Lin, Xuanyi Wang & Xian Xu. (2023) Pandemic and insurance purchase: How do people respond to unprecedented risk and uncertainty?. China Economic Review 79, pages 101946.
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Linh Thi My Nguyen, Phong Thanh Nguyen, Quynh Nguyen Nhu Tran & Thi Tuong Giang Trinh. (2021) Why does subjective financial literacy hinder retirement saving? The mediating roles of risk tolerance and risk perception. Review of Behavioral Finance 14:5, pages 627-645.
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Heena Thanki, Sweety Shah, Vrajlal Sapovadia, Ankit D. Oza & Dumitru Doru Burduhos-Nergis. (2022) Role of Gender in Predicting Determinant of Financial Risk Tolerance. Sustainability 14:17, pages 10575.
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Bachir Kassas, Marco A. Palma & Maria Porter. (2022) Happy to take some risk: Estimating the effect of induced emotions on risk preferences. Journal of Economic Psychology 91, pages 102527.
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NUR AIMI SHAHIRAH MOHD FADIL, NURASYIKIN JAMALUDIN & WAN ZALANI @ ZANANI WAN ABDULLAH. (2022) A PRELIMINARY ANALYSIS OF RETIREMENT PLANNING BEHAVIOUR: EVIDENCE FROM EAST-COAST MALAYSIA. Universiti Malaysia Terengganu Journal of Undergraduate Research 4:3, pages 1-12.
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Süleyman Şen. (2022) Narcissistic Personality and Financial Risk Tolerance. International Journal of Applied Behavioral Economics 11:1, pages 1-17.
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燕玲 黄. (2022) Influencing Factors of Risk Decisions. Advances in Psychology 12:09, pages 3197-3201.
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Caterina Cruciani, Gloria Gardenal & Giuseppe AmitranoCaterina Cruciani, Gloria Gardenal & Giuseppe Amitrano. 2022. Understanding Financial Risk Tolerance. Understanding Financial Risk Tolerance 39 78 .
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Pendo Shukrani Kasoga. (2021) Heuristic biases and investment decisions: multiple mediation mechanisms of risk tolerance and financial literacy—a survey at the Tanzania stock market. Journal of Money and Business 1:2, pages 102-116.
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Linda Evelina Larisa, Anastasia Njo & Serli Wijaya. (2020) Female workers' readiness for retirement planning: an evidence from Indonesia. Review of Behavioral Finance 13:5, pages 566-583.
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Xiaoqin Zhu & Daniel T. L. Shek. (2021) Problem Behavior and Life Satisfaction in Early Adolescence: Longitudinal Findings in a Chinese Context. Journal of Happiness Studies 22:7, pages 2889-2914.
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Annabelle Xing. (2021) Foreign language effect on risk preference: The framing effect, loss aversion, and risk aversion. Journal of Behavioral and Experimental Economics 93, pages 101723.
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Tihana Škrinjarić, Branka Marasović & Boško Šego. (2021) Does the Croatian Stock Market Have Seasonal Affective Disorder?. Journal of Risk and Financial Management 14:2, pages 89.
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Kourosh Shafi & Ali Mohammadi. (2020) Too gloomy to invest: Weather-induced mood and crowdfunding. Journal of Corporate Finance 65, pages 101761.
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Carola Hillenbrand, Anastasiya Saraeva, Kevin Money & Chris Brooks. (2019) To Invest or Not to Invest?: The Roles of Product Information, Attitudes Towards Finance and Life Variables in Retail Investor Propensity to Engage with Financial Products. British Journal of Management 31:4, pages 688-708.
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Miha Dominko & Miroslav Verbič. (2020) Subjective Quality of Life and Stock Market Participation of the Elderly: A Structural Equation Modelling Approach. Journal of Family and Economic Issues 41:3, pages 505-519.
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Rajdeep Kumar RautRohit Kumar. (2020) Psychology of Indian Stock Market: An Evidence of Seasonal Affected Disorder. Asia-Pacific Journal of Management Research and Innovation 16:2, pages 146-156.
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Colleen Tokar Asaad. (2020) Investor confidence: Are you your own worst enemy?. FINANCIAL PLANNING REVIEW 3:2.
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Fatima Akhtar & Niladri Das. (2020) Investor personality and investment performance: from the perspective of psychological traits. Qualitative Research in Financial Markets 12:3, pages 333-352.
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Ibrahim Filiz, Thomas Nahmer & Markus Spiwoks. (2019) Herd behavior and mood: An experimental study on the forecasting of share prices. Journal of Behavioral and Experimental Finance 24, pages 100232.
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Albert Rapp. (2019) Sentiment versus mood: a conceptual and empirical investigation. Journal of Capital Markets Studies 3:1, pages 6-17.
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Alex Yue Feng Zhu. (2019) Financial risk tolerance of Hong Kong adolescents: A hierarchical model. Children and Youth Services Review 102, pages 193-200.
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A. Ross Otto & Johannes C. Eichstaedt. (2018) Real-world unexpected outcomes predict city-level mood states and risk-taking behavior. PLOS ONE 13:11, pages e0206923.
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Anna Conte, M. Vittoria Levati & Chiara Nardi. (2018) Risk Preferences and the Role of Emotions. Economica 85:338, pages 305-328.
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Jasman TuyonZamri Ahmad. (2017) Psychoanalysis of Investor Irrationality and Dynamism in Stock Market. Journal of Interdisciplinary Economics 30:1, pages 1-31.
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F M Leon & A Aprilia. (2018) Study on financial risk towards individual investor as strategy to improve urban community empowerment. IOP Conference Series: Earth and Environmental Science 106, pages 012097.
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Tom Lane. (2017) How does happiness relate to economic behaviour? A review of the literature. Journal of Behavioral and Experimental Economics 68, pages 62-78.
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Zamri Ahmad, Haslindar Ibrahim & Jasman Tuyon. (2017) Institutional investor behavioral biases: syntheses of theory and evidence. Management Research Review 40:5, pages 578-603.
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Petko Kusev, Harry Purser, Renata Heilman, Alex J. Cooke, Paul Van Schaik, Victoria Baranova, Rose Martin & Peter Ayton. (2017) Understanding Risky Behavior: The Influence of Cognitive, Emotional and Hormonal Factors on Decision-Making under Risk. Frontiers in Psychology 8.
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Manuchehr Irandoust. (2017) Factors Associated With Financial Risk Tolerance Based on Proportional Odds Model: Evidence From Sweden. Journal of Financial Counseling and Planning 28:1, pages 155-164.
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Phuong Dang, Linh Nguyen & Kiet Tran. (2017) Are Vietnamese Individual Investors Financially Literate? A Preliminary Study. Journal of Economics, Business and Management 5:5, pages 205-212.
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Theresa Treffers, Philipp D. Koellinger & Arnold Picot. (2016) Do Affective States Influence Risk Preferences?. Schmalenbach Business Review 17:3-4, pages 309-335.
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Mahmoud Qadan & Doron Kliger. (2016) The short trading day anomaly. Journal of Empirical Finance 38, pages 62-80.
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Noel Harding & Wen He. (2016) Investor mood and the determinants of stock prices: an experimental analysis. Accounting & Finance 56:2, pages 445-478.
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Tuugi Chuluun & Carol Graham. (2016) Local happiness and firm behavior: Do firms in happy places invest more?. Journal of Economic Behavior & Organization 125, pages 41-56.
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Mei-Chen Lin. (2015) Seasonal affective disorder and investors’ response to earnings news. International Review of Financial Analysis 42, pages 211-221.
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M. Kannadhasan. (2015) Retail investors' financial risk tolerance and their risk-taking behaviour: The role of demographics as differentiating and classifying factors. IIMB Management Review 27:3, pages 175-184.
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Sudip Bhattacharjee, Kimberly K. Moreno & Debra A. Salbador. (2014) The Impact of Multiple Tax Returns on Tax Compliance Behavior. Behavioral Research in Accounting 27:1, pages 99-119.
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Gabriele M. Lepori. (2015) Investor mood and demand for stocks: Evidence from popular TV series finales. Journal of Economic Psychology 48, pages 33-47.
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Gabriele M. Lepori. (2015) Positive mood and investment decisions: Evidence from comedy movie attendance in the U.S.. Research in International Business and Finance 34, pages 142-163.
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Alison Jing Xu & Aparna A. Labroo. (2014) Incandescent affect: Turning on the hot emotional system with bright light. Journal of Consumer Psychology 24:2, pages 207-216.
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Jennifer R. Allen Catellier & Z. Janet Yang. (2013) The role of affect in the decision to exercise: Does being happy lead to a more active lifestyle?. Psychology of Sport and Exercise 14:2, pages 275-282.
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Nicola Mammarella, Beth Fairfield, Alberto Di Domenico & Teresa Di Fiore. (2013) “Baby on board”: Reducing risk taking in adult drivers in a simulated driving game. Accident Analysis & Prevention 50, pages 596-599.
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Shi Guopan. (2010) The effect of probability on risk perception and risk preference in decision making. The effect of probability on risk perception and risk preference in decision making.
Crystal Glenda Rodrigues & Gopalakrishna B. V. (2022) Does Mood Take the Front Seat in Determining the Financial Risk-Taking Propensity of Individuals? Evidence from India. SSRN Electronic Journal.
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David P. Blake, Mel Duffield, Ian Tonks, Alistair Haig, Dean Blower & Laura MacPhee. (2021) Smart defaults: Determining the number of default funds in a pension scheme. SSRN Electronic Journal.
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Trang Thai Minh Phung & Mai Ngoc Khuong. (2016) The Impact of the Big Five Traits and Mood on Investment Performance A Study of Individual Investors in Vietnam.. SSRN Electronic Journal.
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Tuugi Chuluun & Carol Graham. (2015) Local Culture and Firm Behavior: Do Firms in Happy Places Invest More?. SSRN Electronic Journal.
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Noel Harding & Wen He. (2011) Does Investor Mood Really Affect Stock Prices? An Experimental Analysis. SSRN Electronic Journal.
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