INVESTOR EXPERTISE AND THE RATIONALITY OF DECISION MAKING

The aim of the paper is to is to explore the determinants of the rationality in decision making among polish stock market investors with different level of expertise with investing. Rationality in decision making was defined from the behavioral finance point of view and was operationalized as the frequency of some behavioral biases (see: the certainty effect) within decision making process. In particular, this study aims to investigate the degree of susceptibility the certainty effect among people of various levels of expertise with investing. As  there is still a lack of data studies in behavioral finance literature investigating the issues mentioned in this article (or existing results are ambiguous) we treated our study as an exploratory research

Daily emotional dynamics and changes in posttraumatic growth and posttraumatic depreciation among people living with HIV

ObjectivePosttraumatic growth (PTG), and its negative reflection, posttraumatic depreciation (PTD), are two aspects of response to trauma. This study explores whether daily emotional dynamics (inertia and innovation) can translate into positive versus negative changes among people living with HIV (PLWH) in the form of long-term changes in PTG or PTD.MethodsThe study combined a classical longitudinal approach with two assessments of PTG and PTD within one year and a measurement burst diary design with three weekly electronic diaries. In total, 249 PLWH participated in this study, filling out an expanded version of the Posttraumatic Growth and Depreciation Inventory (PTGDI-X) and a survey of sociodemographic and clinical data. In addition, they assessed their positive affect (PA) and negative affect (NA) at the end of each day in online diaries using a shortened version of the PANAS-X.ResultsAlthough we observed stable significant inertia and innovation of PA and NA across all bursts, these parameters of daily emotional dynamics were unrelated to the longitudinal changes in PTG and PTD. The same null results were also noted for the average levels of NA and PA.ConclusionsThe results indicated the relative stability of emotion regulation in PLWH over the course of one year and contributed to understanding its dynamic mechanisms in terms of trait-like characteristics. The null result of the relationship between the PTG and PTD change might suggest a weak role of emotion regulation in shaping these trajectories as well as a lack of validity of the PTG/PTD measures

Burnout among psychotherapists: a cross-cultural value survey among 12 European countries during the coronavirus disease pandemic.

The aim of this study was to examine cross-cultural differences, as operationalized by Schwartz's refined theory of basic values, in burnout levels among psychotherapists from 12 European countries during the coronavirus disease (COVID-19) pandemic. We focused on the multilevel approach to investigate if individual- and country-aggregated level values could explain differences in burnout intensity after controlling for sociodemographic, work-related characteristics and COVID-19-related distress among participants. 2915 psychotherapists from 12 countries (Austria, Bulgaria, Cyprus, Finland, Great Britain, Serbia, Spain, Norway, Poland, Romania, Sweden, and Switzerland) participated in this study. The participants completed the Maslach Burnout Inventory-Human Service Survey, the revised version of the Portrait Values Questionnaire, and a survey questionnaire on sociodemographic, work-related factors and the COVID-19 related distress. In general, the lowest mean level of burnout was noted for Romania, whereas the highest mean burnout intensity was reported for Cyprus. Multilevel analysis revealed that burnout at the individual level was negatively related to self-transcendence and openness-to-change but positively related to self-enhancement and conservation values. However, no significant effects on any values were observed at the country level. Male sex, younger age, being single, and reporting higher COVID-19-related distress were significant burnout correlates. Burnout among psychotherapists may be a transcultural phenomenon, where individual differences among psychotherapists are likely to be more important than differences between the countries of their practice. This finding enriches the discussion on training in psychotherapy in an international context and draws attention to the neglected issue of mental health among psychotherapists in the context of their professional functioning

Subjective well-being among psychotherapists during the coronavirus disease pandemic : A cross-cultural survey from 12 european countries

Objective: The aim of this study is to examine the amount of the total variance of the subjective well-being (SWB) of psychotherapists from 12 European countries explained by between-country vs. between-person differences regarding its cognitive (life satisfaction) and affective components (positive affect [PA] and negative affect [NA]). Second, we explored a link between the SWB and their personal (self-efficacy) and social resources (social support) after controlling for sociodemographics, work characteristics, and COVID-19-related distress.Methods: In total, 2915 psychotherapists from 12 countries (Austria, Bulgaria, Cyprus, Finland, Great Britain, Serbia, Spain, Norway, Poland, Romania, Sweden, and Switzerland) participated in this study. The participants completed the Satisfaction with Life Scale (SWLS), the International Positive and Negative Affect Schedule Short Form (I-PANAS-SF), the General Self-Efficacy Scale, and the Multidimensional Scale of Perceived Social Support.Results: Cognitive well-being (CWB; satisfaction with life) was a more country-dependent component of SWB than affective well-being (AWB). Consequently, at the individual level, significant correlates were found only for AWB but not for CWB. Higher AWB was linked to being female, older age, higher weekly workload, and lower COVID-19-related distress. Self-efficacy and social support explained AWB only, including their main effects and the moderating effect of self-efficacy.Conclusions: The results highlight more individual characteristics of AWB compared to CWB, with a more critical role of low self-efficacy for the link between social support and PA rather than NA. This finding suggests the need for greater self-care among psychotherapists regarding their AWB and the more complex conditions underlying their CWB.Peer reviewe

Burnout among psychotherapists : a cross-cultural value survey among 12 European countries during the coronavirus disease pandemic

The aim of this study was to examine cross-cultural differences, as operationalized by Schwartz's refined theory of basic values, in burnout levels among psychotherapists from 12 European countries during the coronavirus disease (COVID-19) pandemic. We focused on the multilevel approach to investigate if individual- and country-aggregated level values could explain differences in burnout intensity after controlling for sociodemographic, work-related characteristics and COVID-19-related distress among participants. 2915 psychotherapists from 12 countries (Austria, Bulgaria, Cyprus, Finland, Great Britain, Serbia, Spain, Norway, Poland, Romania, Sweden, and Switzerland) participated in this study. The participants completed the Maslach Burnout Inventory-Human Service Survey, the revised version of the Portrait Values Questionnaire, and a survey questionnaire on sociodemographic, work-related factors and the COVID-19 related distress. In general, the lowest mean level of burnout was noted for Romania, whereas the highest mean burnout intensity was reported for Cyprus. Multilevel analysis revealed that burnout at the individual level was negatively related to self-transcendence and openness-to-change but positively related to self-enhancement and conservation values. However, no significant effects on any values were observed at the country level. Male sex, younger age, being single, and reporting higher COVID-19-related distress were significant burnout correlates. Burnout among psychotherapists may be a transcultural phenomenon, where individual differences among psychotherapists are likely to be more important than differences between the countries of their practice. This finding enriches the discussion on training in psychotherapy in an international context and draws attention to the neglected issue of mental health among psychotherapists in the context of their professional functioning.Peer reviewe

Wypalenie zawodowe u psychoterapeutów i psychoterapeutek nurtu Gestalt i nurtu poznawczo-behawioralnego

Celem artykułu jest zbadanie międzypłciowych różnic w zakresie poziomu objawów wypalenia zawodowego u psychoterapeutów i psychoterapeutek nurtu Gestalt i nurtu poznawczo-behawioralnego z uwzględnieniem długości stażu zawodowego psychoterapeutów jako współzmiennej. W badaniu wzięła udział grupa 200 psychoterapeutów, w tym 100 z podejścia Gestalt i 100 z podejścia poznawczo-behawioralnego. Wyniki badań wskazują, że istnieje dodatni związek między długością stażu zawodowego psychoterapeutów a poziomem wypalenia zawodowego w całej grupie zbadanych psychoterapeutów. Dodatkowo wykazano, że ogólny poziom wypalenia zawodowego w całej grupie mężczyzn psychoterapeutów jest istotnie wyższy niż nasilenie objawów wypalenia wśród wszystkich kobiet terapeutek. Nie uzyskano natomiast istotnych statystycznie różnic w nasileniu objawów wypalenia zawodowego między terapeutami i terapeutkami z nurtu Gestalt oraz nurtu poznawczo-behawioralnego

Personality Traits and Susceptibility to Behavioral Biases among a Sample of Polish Stock Market Investors

The aim of this paper is to investigate whether susceptibility to selected behavioral biases (overconfidence, mental accounting and sunk-cost fallacy) is correlated with the Eysenck’s [1978] personality traits (impulsivity, venturesomeness, and empathy). This study was conducted on a sample of 90 retail investors frequently investing on the Warsaw Stock Exchange. Participants filled out a survey made up of two parts: 1) three situational exercises, which assessed susceptibility to behavioral biases and 2) an Impulsiveness Questionnaire, which measures impulsivity, venturesomeness, and empathy. The results demonstrated the relationship between venturesomeness and susceptibility to all behavioral biases explored in this study. We find that higher level of venturesomeness was linked with a lower probability of all behavioral biases included in this study

Burnout syndrome in male and female gestalt and cognitive-behavioral psychotherapists

The objective of this article is to investigate gender differences in the level of professional burnout among male and female Gestalt and cognitive-behavioral psychotherapists according to the length of professional experience as a covariate. The study was conducted on 200 participants: 100 Gestalt psychotherapists and 100 cognitive-behavioral psychotherapists. The results show a positive relationship between the length of professional experience and the level of burnout in the whole group of psychotherapists. Additionally, it has been shown that the level of burnout in the male psychotherapists’ group was significantly higher than the intensity of symptoms in the female group. The difference in the intensity of burnout symptoms between the Gestalt therapists and cognitive behavioral therapists was not statistically significant

Social support and posttraumatic growth in a longitudinal study of people living with HIV: the mediating role of positive affect

Background: Psychological research in people living with HIV (PLWH) has been dominated by studies on the negative consequences of HIV infection. However, recently, positive changes following the diagnosis of HIV have been examined, namely the phenomenon of posttraumatic growth (PTG). Objectives: The aim of this one-year longitudinal study was to investigate the level of PTG and its relationship with social support dimensions (perceived support, need for support, actually received support) and positive and negative affect among PLWH. Specifically, this study explored the mediating role of positive and negative affect in the link between social support and PTG. Method: Participants filled out the following psychometric tools: Posttraumatic Growth Inventory (PTGI), Berlin Social Support Scales (BSSS) and Positive and Negative Affect Schedule (PANAS-X). Three assessments were performed. Altogether, 129 patients were recruited for the first assessment, 106 patients participated in the second assessment and 82 participants (63.6%) out of the initial sample of 129 participated in all three assessments. Results: The positive relationship between all examined social support dimensions and PTG was entirely mediated by positive affect. There was no association between negative affect and PTG. Selected socio-medical covariates (sex, employment, higher education, being in a stable relationship and HIV/AIDS status) were related to social support and PTG among participants. Conclusions: This study points to the need for more research on positive aspects of HIV/AIDS, notably PTG. More specifically, interventions focused on enhancement and sustainment of positive affect among PLWH should be an adjunct to traditional mental health screening among this patient group

PTSD w obliczu przewlekłej choroby somatycznej na przykładzie pacjentów zakażonych wirusem HIV oraz cierpiących z powodu chronicznego bólu: przegląd badań

Celem niniejszego artykułu jest przybliżenie mało poznanej problematyki z zakresu psychologii zdrowia i psychologii klinicznej, jaką jest występowanie objawów zaburzenia po stresie traumatycznym (PTSD) w następstwie diagnozy i przebiegu przewlekłych chorób somatycznych na przykładzie pacjentów zakażonych wirusem HIV oraz cierpiących z powodu przewlekłego bólu. Na początku opisane zostały wybrane definicje traumatycznych stresorów prowadzących do PTSD w klasyfikacjach DSM oraz ICD-10. Następnie dokonano przeglądu badań nad występowaniem PTSD wśród pacjentów z HIV/AIDS oraz cierpiących z powodu przewlekłego bólu. Artykuł wieńczy przedstawienie kontrowersji wokół diagnozy PTSD w następstwie choroby somatycznej