Table 5

Logit estimation of entry decision

Model 1Model 2Model 3
ΒpOdds ratio (OR)95% confidence interval (of OR)βpOdds ratio (OR)95% confidence intervalβpOdds ratio (OR)95% confidence interval
Lower bound (LB)Upper bound (UB)LBUBLBUB
Intercept−2.0020.000.135  −3.8730.000.021  −3.8160.000.022  
S.E.0.401    0.611    0.615    
Context (wheat)0.2380.481.2690.6602.4390.0720.841.0740.5402.136−0.2330.540.7920.3761.671
S.E.0.333    0.351    0.381    
Context (meat)0.8960.012.4511.2384.8530.9330.012.5421.2435.1970.7340.052.0840.9964.359
S.E.0.349    0.365    0.377    
Context (pesticide)−0.3230.350.7240.3661.431−0.2430.500.7840.3871.590−0.2500.490.7780.3841.577
S.E.0.348    0.360    0.360    
Threshold (80 %)0.4840.061.6220.9892.6610.5530.041.7391.0352.9220.5850.031.7941.0613.035
S.E.0.253    0.265    0.268    
Beliefs about entry0.0220.001.0221.0091.0350.0230.001.0231.0091.0370.0210.001.0211.0081.035
S.E.0.006    0.007    0.007    
Risk attitude   0.3990.001.4911.2571.7680.3990.001.4901.2551.770
S.E.     0.087    0.088    
Real-world decision B      0.9780.022.6591.1396.210
S.E.          0.433    
n323323318
Nagelkerke R20.1420.2270.246
% correct prediction67.671.772.0

Note(s): Reference categories: context (neutral), threshold (20%), real-world decision (no)

Source(s): Authors' data

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