株式取引におけるADHDの特徴と財務的意思決定
Max Witry1, Marcel Schulze2, Niclas Braun2
1Department of Psychiatry, University Hospital Bonn, Venusberg Campus 1, 53127, Bonn, Germany. max.witry@ukbonn.de.
Scientific reports
|August 31, 2025
まとめ
注意欠陥/多動性障害 (ADHD) の特徴は,オンライントレーダーの高い金融リスク耐性や投機的な取引に関連しています. これらの特徴は投資の意思決定を悪化させる可能性があり, ターゲットを絞った金融指針の必要性を強調しています.
科学分野:
- 神経発達障害
- 行動金融
- 金融心理学
背景:
- 注意欠陥/多動性障害 (ADHD) は,注意と衝動制御に影響を与える神経発達状態である.
- ADHDと学問的/職業的課題との間に 確立された関連がある.
- 特にリスクの高いオンライン取引における ADHDの特徴と 金融行動の関係については 理解が不足しています
研究 の 目的:
- 積極的なオンライントレーダーの間でADHDの特徴と金融意思決定との関連を調査する.
- 金融リスクの許容性,取引活動,ポートフォリオのパフォーマンスの関係を探求する.
主な方法:
- 945人のオンライントレーダーを対象に横断調査を行いました.
- 自己報告されたADHDの特徴のスケールを使用した.
- 金融リスクの許容度 (FRT),取引活動,ポートフォリオのパフォーマンスを標準化した基準で評価した.
主要な成果:
- ADHDの特徴を持つ参加者は,著しく高いFRTを示し,より投機的な取引に従事しました.
- ADHDの特徴はFRTと正の相関関係があり ポートフォリオのリターンと負の相関関係があります
- リグレッション分析では,取引頻度,投機的なリスクとリターン期待がADHDの特徴を予測し,ポートフォリオのリターンとリスクスコアが低いADHDの特徴と関連していました.
結論:
- 注意不足や衝動性などのADHDの特徴は,不安定なオンライン取引環境で最適でない金融意思決定に寄与する可能性があります.
- 臨床医は評価においてADHDの特徴を考慮し,投資の間違った選択を防ぐために意識を高めなければなりません.
- 高度なADHDの特徴を持つ個人に,さらなる長期的研究と,ターゲット化された財政的指針が推奨されています.
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