EXPLORING THE INTERPLAY BETWEEN SENSATION SEEKING, BIOLOGICAL INDICATORS, AND FINANCIAL RISK-TAKING BEHAVIOR: A DIGITAL RESEARCH PERSPECTIVE

Emin Avcı; Aydin Erden; Murat Çinko

doi:10.17261/Pressacademia.2024.1955

EXPLORING THE INTERPLAY BETWEEN SENSATION SEEKING, BIOLOGICAL INDICATORS, AND FINANCIAL RISK-TAKING BEHAVIOR: A DIGITAL RESEARCH PERSPECTIVE

Abstract

Purpose- This study investigates the complex relationship between sensation-seeking, biological indicators, and financial risk-taking behavior. Utilizing a digital research approach, the study examines how individual differences in sensation seeking, measured by the Zuckerman Sensation Seeking Scale (SSS-V), correlate with financial risk tolerance. Methodology- Each unit of analysis is categorized as a risk-averse, risk-neutral, and risk-lover according to both biological and probabilistic game attitudes. Biological indicators, specifically the 2D:4D ratio, are used to categorize individuals as risk-averse, risk-neutral, or risk-lover. The research employs a probabilistic lottery game to further classify participants' risk preferences. Findings- Findings reveal that while sensation seeking is generally associated with higher financial risk-taking, the interplay between biological indicators and risk behavior is nuanced. Probabilistic game categorization results indicate that sensational-seeking score not only for total but also for subdimension is not statistically significant. Conclusion- Notably, individuals with higher sensation-seeking scores do not always exhibit higher financial risk tolerance. Biological indicators and probabilistic game classification will indicate the different mean values of the sensational-seeking score. Biological indicators differentiate the mean difference of individuals’ sensational-seeking scores. The study contributes to the understanding of how psychological traits and biological factors jointly influence financial decision-making.

Keywords

References

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Details

Primary Language

English

Subjects

Finance, Finance and Investment (Other), Business Administration

Journal Section

Research Article

Authors

Emin Avcı ^*
0000-0003-3172-897X
Türkiye

Aydin Erden
0000-0002-5124-8335
Türkiye

Murat Çinko
0000-0001-8560-7482
Türkiye

Publication Date

December 31, 2024

Submission Date

October 18, 2024

Acceptance Date

November 22, 2024

Published in Issue

Year 2024 Volume: 11 Number: 2

DOI

https://doi.org/10.17261/Pressacademia.2024.1955

IZ

https://izlik.org/JA89PT72RG

Cite

RIS / Bibtex

APA

Avcı, E., Erden, A., & Çinko, M. (2024). EXPLORING THE INTERPLAY BETWEEN SENSATION SEEKING, BIOLOGICAL INDICATORS, AND FINANCIAL RISK-TAKING BEHAVIOR: A DIGITAL RESEARCH PERSPECTIVE. Journal of Economics Finance and Accounting, 11(2), 76-84. https://doi.org/10.17261/Pressacademia.2024.1955

AMA

1.Avcı E, Erden A, Çinko M. EXPLORING THE INTERPLAY BETWEEN SENSATION SEEKING, BIOLOGICAL INDICATORS, AND FINANCIAL RISK-TAKING BEHAVIOR: A DIGITAL RESEARCH PERSPECTIVE. JEFA. 2024;11(2):76-84. doi:10.17261/Pressacademia.2024.1955

Chicago

Avcı, Emin, Aydin Erden, and Murat Çinko. 2024. “EXPLORING THE INTERPLAY BETWEEN SENSATION SEEKING, BIOLOGICAL INDICATORS, AND FINANCIAL RISK-TAKING BEHAVIOR: A DIGITAL RESEARCH PERSPECTIVE”. Journal of Economics Finance and Accounting 11 (2): 76-84. https://doi.org/10.17261/Pressacademia.2024.1955.

EndNote

Avcı E, Erden A, Çinko M (December 1, 2024) EXPLORING THE INTERPLAY BETWEEN SENSATION SEEKING, BIOLOGICAL INDICATORS, AND FINANCIAL RISK-TAKING BEHAVIOR: A DIGITAL RESEARCH PERSPECTIVE. Journal of Economics Finance and Accounting 11 2 76–84.

IEEE

[1]E. Avcı, A. Erden, and M. Çinko, “EXPLORING THE INTERPLAY BETWEEN SENSATION SEEKING, BIOLOGICAL INDICATORS, AND FINANCIAL RISK-TAKING BEHAVIOR: A DIGITAL RESEARCH PERSPECTIVE”, JEFA, vol. 11, no. 2, pp. 76–84, Dec. 2024, doi: 10.17261/Pressacademia.2024.1955.

ISNAD

Avcı, Emin - Erden, Aydin - Çinko, Murat. “EXPLORING THE INTERPLAY BETWEEN SENSATION SEEKING, BIOLOGICAL INDICATORS, AND FINANCIAL RISK-TAKING BEHAVIOR: A DIGITAL RESEARCH PERSPECTIVE”. Journal of Economics Finance and Accounting 11/2 (December 1, 2024): 76-84. https://doi.org/10.17261/Pressacademia.2024.1955.

JAMA

1.Avcı E, Erden A, Çinko M. EXPLORING THE INTERPLAY BETWEEN SENSATION SEEKING, BIOLOGICAL INDICATORS, AND FINANCIAL RISK-TAKING BEHAVIOR: A DIGITAL RESEARCH PERSPECTIVE. JEFA. 2024;11:76–84.

MLA

Avcı, Emin, et al. “EXPLORING THE INTERPLAY BETWEEN SENSATION SEEKING, BIOLOGICAL INDICATORS, AND FINANCIAL RISK-TAKING BEHAVIOR: A DIGITAL RESEARCH PERSPECTIVE”. Journal of Economics Finance and Accounting, vol. 11, no. 2, Dec. 2024, pp. 76-84, doi:10.17261/Pressacademia.2024.1955.

Vancouver

1.Emin Avcı, Aydin Erden, Murat Çinko. EXPLORING THE INTERPLAY BETWEEN SENSATION SEEKING, BIOLOGICAL INDICATORS, AND FINANCIAL RISK-TAKING BEHAVIOR: A DIGITAL RESEARCH PERSPECTIVE. JEFA. 2024 Dec. 1;11(2):76-84. doi:10.17261/Pressacademia.2024.1955