This randomized trial examines factors influencing regret in stock market simulations, indicating personality traits and prior regret matter more than trading style.
Key Points
The study aims to identify factors influencing experienced regret after a stock market simulation exercise.
Participants included 133 second-year undergraduate management students in a four-hour simulation.
Five regression models analyzed relationships between anticipated regret, portfolio return, trading styles, and personality traits.
Focus on determining how different predictors contribute to experienced regret.
Anticipated regret is positively associated with experienced regret (p<0.05).
Portfolio return is negatively related to regret, significant in multiple models.
Conscientiousness is a positive predictor of regret, while trading-style proxies were not significant.