Table 1.

Coefficients from multiple regression model

Intercept = 1.004, R = 0.615, R2 = 0.379 and F = 74.571
Independent variable
(behavioral biases)
Dependent variable (investment decisions)
βtSig.
Overconfidence X110.38511.5780.000
Conservatism X120.0241.2020.230
Herding X130.0010.0680.946
Regret X140.2188.4660.000

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