Effects of Personality on Social Performance in Social Trading

Quanchen Liu, Bingqing Xiong, Zhao Cai, Jiantao Zhu, Eric Lim, Chee Wee Tan

    Research output: Chapter in Book/Conference proceedingConference contributionpeer-review

    Abstract

    On social trading platforms, the income of leader traders is largely dictated by the number of copy trades conducted by their followers. Consequently, it is imperative for leader traders to exhibit appealing personalities to entice their followers to conduct copy trades. Drawing on social capital theory, we endeavor to scrutinize the effects of traders' personalities on the accumulation of social capital, which in turn bolsters social performance as measured by the number of copy trades. Data was extracted from a leading social trading platform. The Myers-Briggs Type Indicator personality classification system was then employed to depict leader traders' personalities based on a novel text-based, machine learning approach. Preliminary analytical results reveal significant relationships among personality traits, social capital dimensions, and social performance. Findings from this study generate insights for social trading platforms and leader traders on exhibiting desirable personalities conducive for accumulating social capital that entice followers to conduct copy trades.

    Original languageEnglish
    Title of host publicationProceedings of the 55th Annual Hawaii International Conference on System Sciences, HICSS 2022
    EditorsTung X. Bui
    PublisherIEEE Computer Society
    Pages820-829
    Number of pages10
    ISBN (Electronic)9780998133157
    Publication statusPublished - 2022
    Event55th Annual Hawaii International Conference on System Sciences, HICSS 2022 - Virtual, Online, United States
    Duration: 3 Jan 20227 Jan 2022

    Publication series

    NameProceedings of the Annual Hawaii International Conference on System Sciences
    Volume2022-January
    ISSN (Print)1530-1605

    Conference

    Conference55th Annual Hawaii International Conference on System Sciences, HICSS 2022
    Country/TerritoryUnited States
    CityVirtual, Online
    Period3/01/227/01/22

    ASJC Scopus subject areas

    • General Engineering

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