Table 6. Alternativeness Dependent...

Table 6.

Alternativeness

	Dependent variable
Independent variable	SI	Stocks	Funds	Corp. bonds	Gov. bonds
Crypto investm.	0.129*** (0.045)	0.050 (0.055)	0.024 (0.033)	0.146** (0.062)	−0.098* (0.056)
DA investm.	0.221*** (0.055)	0.044 (0.071)	0.006 (0.040)	0.116 (0.083)	0.022 (0.070)
CF investm.	0.148*** (0.046)	0.094 (0.058)	0.013 (0.032)	0.104* (0.060)	0.067 (0.057)
AIC	886.5	927.5	341.5	826.2	1075.2
BIC	942.8	983.7	397.7	882.4	1131.4
RMSE	0.42	0.44	0.22	0.40	0.48

	Dependent variable
Independent variable	SI	Stocks	Funds	Corp. bonds	Gov. bonds
Crypto investm.	0.129*** (0.045)	0.050 (0.055)	0.024 (0.033)	0.146** (0.062)	−0.098* (0.056)
DA investm.	0.221*** (0.055)	0.044 (0.071)	0.006 (0.040)	0.116 (0.083)	0.022 (0.070)
CF investm.	0.148*** (0.046)	0.094 (0.058)	0.013 (0.032)	0.104* (0.060)	0.067 (0.057)
AIC	886.5	927.5	341.5	826.2	1075.2
BIC	942.8	983.7	397.7	882.4	1131.4
RMSE	0.42	0.44	0.22	0.40	0.48

Note(s):

The table shows average marginal effects (AMEs) from logistic regression. Control variables include age, gender, level of responsibility for household financial decisions, geographic origin and educational attainment. Full tables with control variables are available upon request. Statistical significance levels: p < 0.1 (*), p < 0.05 (**), p < 0.01 (***)

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