Witry Max, Schulze Marcel, Braun Niclas, Rohner Henrik, Weller Johannes, Müller Philipp, Philipsen Alexandra, Kölle Markus
Department of Psychiatry, University Hospital Bonn, Venusberg Campus 1, 53127, Bonn, Germany.
Department of Vascular Neurology, University Hospital Bonn, Venusberg Campus 1, 53127, Bonn, Germany.
Sci Rep. 2025 Aug 31;15(1):32011. doi: 10.1038/s41598-025-17467-3.
Attention-Deficit/Hyperactivity Disorder (ADHD) is a common neurodevelopmental condition characterised by inattention and impulsivity. While its effects on academic and occupational functioning are well established, less is known about how ADHD traits relate to financial behaviours, particularly in high-risk contexts such as online trading. This cross-sectional study examined associations between ADHD traits and financial decision-making in a sample of 945 active online traders. Participants were assessed using a validated self-report scale for ADHD traits and standardised measures of financial risk tolerance (FRT), trading activity, and portfolio performance. The median participant age was 34 years, with 74.5% identifying as male. Based on self-report, 5.7% of participants met DSM-5 symptom criteria suggestive of ADHD, though no clinical diagnosis was made. Participants with ADHD traits demonstrated significantly higher FRT and greater speculative risk-taking. ADHD traits correlated positively with FRT and negatively with portfolio returns. Regression analyses revealed that increased trading frequency, speculative risk-taking, and higher return expectations predicted greater ADHD trait expression, while higher actual portfolio returns and higher investment risk scores were associated with lower ADHD traits. Though causality cannot be inferred, traits like inattention and impulsivity might contribute to suboptimal decision-making in volatile financial settings. Clinicians should consider this in their assessments, promote awareness and support prevention of poor investment decisions. Further longitudinal studies are needed, alongside targeted financial guidance for individuals with elevated ADHD traits.
注意力缺陷多动障碍(ADHD)是一种常见的神经发育障碍,其特征为注意力不集中和冲动。虽然其对学业和职业功能的影响已得到充分证实,但对于ADHD特质如何与金融行为相关,尤其是在在线交易等高风险环境中,人们了解较少。这项横断面研究在945名活跃的在线交易者样本中考察了ADHD特质与金融决策之间的关联。使用经过验证的ADHD特质自我报告量表以及金融风险承受能力(FRT)、交易活动和投资组合表现的标准化测量方法对参与者进行评估。参与者的年龄中位数为34岁,其中74.5%为男性。根据自我报告,5.7%的参与者符合提示ADHD的DSM-5症状标准,但未进行临床诊断。具有ADHD特质的参与者表现出显著更高的FRT和更大的投机性冒险行为。ADHD特质与FRT呈正相关,与投资组合回报呈负相关。回归分析显示,交易频率增加、投机性冒险行为和更高的回报预期预示着更高的ADHD特质表达,而更高的实际投资组合回报和更高的投资风险得分与更低的ADHD特质相关。虽然无法推断因果关系,但注意力不集中和冲动等特质可能导致在波动的金融环境中做出次优决策。临床医生在评估时应考虑到这一点,提高认识并支持预防不良投资决策。需要进一步进行纵向研究,并为ADHD特质较高的个体提供有针对性的金融指导。