Research from UCD Michael Smurfit Graduate Business School reveals that exposure to cryptocurrency information can lead to increased risk-taking in other investments. This trend is notably pronounced for individuals with low financial well-being. Conducted by W. Yuna Yang and a team, the research involved three studies. The first highlighted a connection between cryptocurrency articles and a tendency to associate luck with investments, while the second emphasized riskier financial decisions linked to prior cryptocurrency exposure. The final study correlated the volume of cryptocurrency news with demand for riskier financial products, suggesting a significant behavioral influence in investment choices.
Exposure to cryptocurrency information increases risk-taking in other investments, especially for individuals with low financial well-being, according to research from UCD Smurfit School.
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