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        1 - "Investigating the role of psychological characteristics in the relationship between investor personality and investment performance"
        Ali Laalbar mehdi mirzayi nasrin khankesh
        Behavioral finance which is regarded as psychology application in finance, has become an up-to-date topic in the world and specially Iran after crashing the bubble of stock prices in most countries.Behavioral finance’s tries to say that human being as an investor More
        Behavioral finance which is regarded as psychology application in finance, has become an up-to-date topic in the world and specially Iran after crashing the bubble of stock prices in most countries.Behavioral finance’s tries to say that human being as an investor is not completely logical entity and they take their decisions and investment performance according to the existing situations and impressed by a variety of elements that these decisions can be illogical.psychological characteristics and personality are one of the most important factors which affect investment performance.The purpose of this research was to investigate the role of psychological characteristics(financial overconfidence and risk tolerance)in the relationship between investor personality characteristics (responsibility, neuroticism, adaptability, openness to experience and extroversion) and investment performance.The research method is applied in terms of purpose and descriptive and survey in terms of nature.The statistical population of the research includes the investors of Tehran Stock Exchange during the year 1400,based on Cochran's formula, 387 people were selected as a sample and randomly available.The data collection tool in this study is based on a questionnaire.Data analysis is performed by structural equation modeling(SEM)technique Confirmatory factor analysis.According to the data analysis, the results showed that personality traits affect the perceptual performance of investment and the personality of investors has a significant effect on their financial overconfidence and investors with higher(lower)level more Financial confidence has a higher(lower)perceptual performance of the investment.Also, personality affects the perceptual performance of the investment through financial overconfidence.Investors' personality has a significant effect on their financial risk tolerance. Manuscript profile