dc.contributor.author
Nemeczek, Fabian
dc.contributor.author
Weiss, Daniel
dc.date.accessioned
2023-06-01T13:00:55Z
dc.date.available
2023-06-01T13:00:55Z
dc.identifier.uri
https://refubium.fu-berlin.de/handle/fub188/39652
dc.identifier.uri
http://dx.doi.org/10.17169/refubium-39370
dc.description.abstract
This study investigates the socio-economic characteristics, behavioral preferences, and consumption of individuals who own crypto-assets. Our empirical analysis utilizes data from a German personal finance management app where users connect their bank accounts and depots. We conducted a survey and elicited behavioral factors for financial decision-making. By combining survey with account and security account data, we identify crypto investors’ preferences for financial decision-making and financial advice. Our results suggest that, in particular, students or self-employed, young, and male individuals who are risk-seeking and impatient are more likely to have invested in crypto-assets. Most crypto owners have less experience with financial advisory. They see it as too time-consuming and qualitatively poor, and instead, they prefer to decide on their own as they have self-reported high financial literacy. Investigating their consumption in more detail we conclude that crypto investors more often spend on travelling, electronics, and food delivery and less on health. Our findings suggest policymakers in identifying high-risk consumers and investors, and help financial institutions develop appropriate products.
en
dc.format.extent
38 Seiten
dc.rights.uri
https://creativecommons.org/licenses/by/4.0/
dc.subject
crypto ownership
en
dc.subject
personal finance management app
en
dc.subject
transaction data
en
dc.subject.ddc
300 Sozialwissenschaften::330 Wirtschaft::330 Wirtschaft
dc.title
Insights on Crypto Investors from a German Personal Finance Management App
dc.type
Wissenschaftlicher Artikel
dcterms.bibliographicCitation.articlenumber
248
dcterms.bibliographicCitation.doi
10.3390/jrfm16040248
dcterms.bibliographicCitation.journaltitle
Journal of Risk and Financial Management
dcterms.bibliographicCitation.number
4
dcterms.bibliographicCitation.originalpublishername
MDPI
dcterms.bibliographicCitation.volume
16
dcterms.bibliographicCitation.url
https://doi.org/10.3390/jrfm16040248
refubium.affiliation
Wirtschaftswissenschaft
refubium.resourceType.isindependentpub
no
dcterms.accessRights.openaire
open access
dcterms.isPartOf.eissn
1911-8074