Abstract
Collecting is an inherent economic behavior that is neither characterized as pure consumption nor investment activity, while subject to various psychological aspects. Based on a unique sample survey of collectors and non-collectors, we study the Big Five personality traits of collectors who consider their activity as linked to valid investment motives. In our sample, investor collectors are to about 70% male and exhibit further demographics including above-average education, income and available assets. Controlling for gender and income, we find that low Agreeableness and high Openness significantly characterize investor collectors, who are self-reliant and open to new investment experience.
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