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Table 6 Summary of hierarchical regression analyses for trait anxiety, rational, dependent and avoidant styles on intention to invest, controlling for demographics

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

Variable

Step 1

Step 2

Step 3

Step 4

 

B (SE)

β

B (SE)

β

B (SE)

β

B (SE)

β

Age

.01 (.01)

− .01

− .01 (.01)

− .12

− .01 (.01)

− .16*

− .02 (.01)

− .18*

Gender

− .28 (.19)

− .12

− .11 (.17)

− .06

− .07 (.17)

− .03

− .04 (.17)

− .02

Education

− .08 (.09)

− .07

− .13 (.08)

− .12

− .15 (.08)

− .14

− .10 (.08)

− .09

Experience

− .04 (.10)

− .03

.02 (.09)

.01

.02 (.09)

.01

.01 (.09)

.01

Condition

.49 (.08)

.47**

.52 (.07)

.49**

− .23 (.39)

− .22

.38 (.55)

.36*

Trait Anxiety

  

− .04 (.01)

− .34*

− .02 (.03)

− .21

− .01 (.03)

− .14

Rational

  

.03 (.03)

.08

.03 (.03)

.08

.03 (.03)

.08

Dependent

  

.03 (.02)

.10

.04 (.02)

.12

.03 (.02)

.12

Avoidant

  

− .09 (.02)

− .39**

− .09 (.06)

− .38*

− .09 (.06)

− .35*

CondXTA

    

− .04 (.02)

− 1.00*

− .01 (.03)

− .27*

CondXAV

    

.01 (.04)

.61**

.08 (.06)

.79**

CondXTAXAV

      

− .01 (.01)

− .91**

Adjusted R2

 

.27

 

.41

 

.42

 

.43

F

 

8.99**

 

10.68**

 

9.40**

 

8.93**

  1. The dependent variable ranged from 0 to 3. Condition was coded as 1 (opt-out) and -1 (opt-in). CondXTA = interaction between condition and Trait Anxiety; CondXAV = interaction between condition and Avoidance. CondXTAXAV = interaction between condition, Trait Anxiety and Avoidant style
  2. *p < .05. **p < .01. N = 194