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Investment decision-making: Psychological studies clarifying the relationship between financial risk perception and investment behavior

Research Project

Project/Area Number 26590134
Research Category

Grant-in-Aid for Challenging Exploratory Research

Allocation TypeMulti-year Fund
Research Field Social psychology
Research InstitutionMeiji University

Principal Investigator

SASAKI MIKA  明治大学, 商学部, 専任教授 (90337204)

Co-Investigator(Kenkyū-buntansha) 中林 真理子  明治大学, 商学部, 専任教授 (80308056)
瀧川 裕貴  東北大学, 学際科学フロンティア研究所, 助教 (60456340)
Project Period (FY) 2014-04-01 – 2017-03-31
Project Status Completed (Fiscal Year 2016)
Budget Amount *help
¥3,510,000 (Direct Cost: ¥2,700,000、Indirect Cost: ¥810,000)
Fiscal Year 2016: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2015: ¥1,820,000 (Direct Cost: ¥1,400,000、Indirect Cost: ¥420,000)
Fiscal Year 2014: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Keywords投資行動 / リスク認知 / 金融商品 / 保険商品 / 金融行動 / 金融リスク認知 / 投資態度 / 社会心理学
Outline of Final Research Achievements

These studies aimed to clarify the psychological processes underlying investment behavior. We investigated the decision-making processes regarding the purchase of financial products. A preliminary investigation yielded three dimensions: socio-personal, financial risk perception, and investment attitude. Regarding these dimensions, we performed factor analysis and developed the investment decision-making process scales (IDPS). Their validity was confirmed. The investment attitude scale of IDPS predicted decision-making regarding the purchase of certain financial products. Moreover, we found a safe/cautious investment attitude inhibited the framing effect. On the other hand, we performed factor analysis for consumers’ perceived risks in purchasing insurance; however, the validity of these factors was not confirmed

Report

(4 results)
  • 2016 Annual Research Report   Final Research Report ( PDF )
  • 2015 Research-status Report
  • 2014 Research-status Report
  • Research Products

    (10 results)

All 2017 2016 2015

All Journal Article (5 results) (of which Open Access: 3 results,  Peer Reviewed: 3 results,  Acknowledgement Compliant: 1 results) Presentation (3 results) (of which Int'l Joint Research: 1 results) Book (2 results)

  • [Journal Article] 金融行動に関する心理学的研究についての考察2017

    • Author(s)
      佐々木美加
    • Journal Title

      明治大学教養論集

      Volume: 523 Pages: 11-27

    • NAID

      120006228086

    • Related Report
      2016 Annual Research Report
    • Open Access
  • [Journal Article] 医療保険購買時のリスクの捉え方に関する一考察2016

    • Author(s)
      中林真理子
    • Journal Title

      生命保険論集

      Volume: 生命保険文化センター設立40周年記念特別号(Ⅱ) Pages: 177-199

    • Related Report
      2016 Annual Research Report
  • [Journal Article] The Condition for Generous Trust2016

    • Author(s)
      Obayashi Shinya, Inagaki Yusuke and Hiroki Takikawa
    • Journal Title

      PLoS ONE

      Volume: 11

    • Related Report
      2016 Annual Research Report
    • Peer Reviewed / Open Access / Acknowledgement Compliant
  • [Journal Article] 金融商品の認知と投資行動に関する心理学的研究2015

    • Author(s)
      佐々木美加
    • Journal Title

      明治大学人文科学研究所紀要

      Volume: 77 Pages: 37-83

    • NAID

      40020742102

    • Related Report
      2015 Research-status Report 2014 Research-status Report
    • Peer Reviewed / Open Access
  • [Journal Article] 自動車保険加入時のリスク認知に関する調査~再考~2015

    • Author(s)
      中林真理子・井出野尚・佐々木美加
    • Journal Title

      損害保険研究

      Volume: 77(3) Pages: 1-17

    • Related Report
      2015 Research-status Report
    • Peer Reviewed
  • [Presentation] 投資態度とリスク下意思決定のフレーミング効果2017

    • Author(s)
      佐々木美加・瀧川裕貴
    • Organizer
      日本心理学会第81回大会
    • Place of Presentation
      久留米シティプラザ
    • Year and Date
      2017-09-20
    • Related Report
      2016 Annual Research Report
  • [Presentation] The Duality Revisited: A New Methodology for Bipartite Networks2016

    • Author(s)
      Takikawa, Hiroki and Paolo Parigi
    • Organizer
      American Sociological Association 111th Annual Meeting
    • Place of Presentation
      Seattle, WA, United States
    • Year and Date
      2016-08-20
    • Related Report
      2016 Annual Research Report
    • Int'l Joint Research
  • [Presentation] 個人の金融行動に関する心理学的モデルの検討:金融行動尺度の多母集団分析2015

    • Author(s)
      佐々木美加、中林真理子、瀧川裕貴
    • Organizer
      行動経済学会第9回大会
    • Place of Presentation
      近畿大学 東大阪キャンパス
    • Year and Date
      2015-11-28
    • Related Report
      2015 Research-status Report
  • [Book] 紛争・暴力・公正の心理学2016

    • Author(s)
      大渕憲一、田村達、上原俊介、八田武俊、佐々木美加、山口奈緒美、高久聖治、小嶋かおり、福島治、福野光輝、佐藤静香、渥美恵美、林洋一郎、川島伸佳、鈴木淳子、青木俊明、熊谷智博、浅井暢子、加賀美登美代、山本雄大、塩村公弘、森丈弓、中川知宏、戴伸峰、近藤日出夫
    • Total Pages
      356
    • Publisher
      福村出版
    • Related Report
      2015 Research-status Report
  • [Book] クローズアップメディア2015

    • Author(s)
      柿本敏克、坂元章、日向野智子、田畑智章、篠原一光、大坊郁夫、豊村和真、浮谷秀一、花尾由香里、村山綾、磯友輝子、後藤学、佐々木美加、松本友一郎、塩谷尚正、横山ひとみ、上出寛子、松田昌史、いとうたけひこ
    • Total Pages
      233
    • Publisher
      北大路書房
    • Related Report
      2015 Research-status Report

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Published: 2014-04-04   Modified: 2018-03-22  

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