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Table 5 Summary of hierarchical regression analyses for variables predicting conviction in making investments on the three experimental conditions

From: Default rules in investment decision-making: trait anxiety and decision-making styles

Variable

Opt-out condition (N = 66)

Opt-in condition (N = 62)

Control condition (N = 66)

Step 1

Step 2

Step 3

Step 1

Step 2

Step 3

Step 1

Step 2

Step 3

B (SE)

β

B (SE)

β

B (SE)

β

B (SE)

β

B (SE)

β

B (SE)

β

B (SE)

β

B (SE)

β

B (SE)

β

Age

.28 (.05)

.56**

.28 (.05)

.57**

.22 (.04)

.44**

− .13 (.06)

− .24

− .14 (.07)

− .27*

− .17 (.07)

− .31*

.09 (.07)

.14

.17 (.06)

.26*

.24 (.07)

.38**

Gender

− 1.88 (1.01)

− .18

− 1.85 (1.02)

− .18

− 1.32 (.91)

− .13

− 1.43 (2.05)

− .09

− .71 (2.15)

− .04

.54 (2.95)

.03

− 3.58 (1.44)

− .30*

− 2.49 (1.20)

− .21*

− 2.55 (1.76)

− .21

Education

1.09 (.52)

.20*

1.08 (.53)

.20*

.88 (.49)

.16

.45 (.85)

.07

.18 (.89)

.03

.23 (.92)

.04

− 1.21 (.92)

− .16

− 1.56 (.76)

− .20*

− 2.29 (.89)

− .30*

Experience

1.51 (.68)

.24*

1.50 (.69)

.24*

.61 (.63)

.09

.48 (.96)

.07

.56 (.96)

.08

.59 (1.02)

.08

− 2.20 (.79)

− .33**

− 1.68 (.65)

− .25*

− 2.27 (.76)

− .34**

Trait Anxiety

  

− .02 (.06)

− .04

− .09 (.06)

− .14

  

− .08 (.08)

− .15

− .12 (.12)

− .20

  

− .30 (.05)

− .53**

− .26 (.09)

− .46**

Rational

    

− .90 (.19)

− .47**

    

− .59 (.35)

− .24

    

.61 (.25)

.30**

Intuitive

    

− .46 (.20)

− .27*

    

− .19 (.46)

− .08

    

.02 (.22)

.01

Dependent

    

.29 (.14)

.21*

    

.37 (.28)

.23

    

− .24 (.19)

− .19

Avoidant

    

.12 (.14)

.24*

    

− .13 (.24)

− .10

    

− .06 (.24)

− .04

Spontaneous

    

− .46 (.19)

− .29*

    

− .20 (.26)

− .12

    

.08 (.19)

.05

Adjusted R2

 

.47

 

.47

 

.65

 

.09

 

.11

 

.19

 

.14

 

.42

 

.44

F

 

13.62**

 

10.77**

 

10.42**

 

1.44

 

1.38

 

1.18

 

3.67*

 

9.87**

 

5.79**

  1. OLS regressions of trait anxiety (Step 2) and decision-making styles (Step 3) on conviction about investment intentions on each experimental condition, controlling for demographics and experience in financial field (Step 1). The dependent variable ranged from 3 to 30
  2. *p < .05. **p < .01