Abstract
The existing studies underline the relationship between individual behavior and market information on investment decisions. However, to our knowledge, few studies investigated this relationship in the field of cryptocurrencies. Cryptocurrencies are hybrid assets with high volatility. This paper explores the impact of investors’ risk attitude and market information on cryptocurrency investment using an experimental research design. We employed 185 Master students in our experiment. We tested our model through a probit regression, and results indicate that investors’ risk attitudes and market information positively impact investment in cryptocurrencies. Our study contributes to behavioral finance literature on risk attitude and market information related to crypto-currencies.
Recommended Citation
Raja Nabeel-Ud-Din, Jalal; Di Pietro, Francesca; and Leonelli, Simona, "The Influence of Investors’ Risk Attitude and Market Information on Cryptocurrency Investment: Evidence from an Experimental Study" (2021). ITAIS 2021 Proceedings. 3.
https://aisel.aisnet.org/itais2021/3