Self-Attribution Bias in Financial Decision Could Be Decreased with Resilience? A Study on Resilience Centered Training

Abstract

Topic

This is the first study to focus on the self-attribution bias in financial decision and resilience relation. Resilience is one of the empowering factor to alleviate the negative effects of stressors and adversities, to comply with the new situations and to think in realistic way. When considered this point of view, self-attribution bias in financial decision and resilience relation could be an important subject.

 

Background

There is no any scientific work about the subject of the self-attribution bias in financial decision and resilience relation. In this study it is aslo analyzed the effect of resilience trainings on self attribution bias and resilience.

 

Purpose/Aim

One of the aims of this work is to invesitegate the self-attribution bias in financial decision and resilience correlation. The other aim is to find an evidence of how the self-attribution bias in financial decision and resilience changes with resilience centered trainings.

 

Scope/Method

For this reason individual self-attribution bias and resilience scores are measured. In order to measure the self attribution bias, specific statemens about the bias are conducted. To evaluate the resilience scores, The Turkish version of the Resilience Scale for Adults is used.               

 

Results

The results show firstly, there is a negative relation between the self attribution bias and the resilience. Secondly it is seen that, the self attribution bias scores are decreased and the resilience scores are increased after the resilience centered trainings.

 

Conclusions

Importantly, our results provide the evidence about the relation of self attribution bias and resilience and the effect of resilience centered trainings on these factors. On the other hand, it is needed more research studies to validate and understand these findings.

Keywords

• Behavioral Finance,Self-Attribution Bias,Resilience,Resilience Centered Training

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