Table VI.

Dominance of investor overconfidence on loss aversion

Difference:  LAi,t-OCi,t 
VariablesIndustry sector (N = 3,708)Service sector (N = 3,069)Both sectors (N = 6,777)
t-Statistic−10.336***−7.2419***−12.0138***
p-Value0.00000.00000.0000

Note: *, ** and *** indicate statistical significance at the 1%, 5% and 10% levels of confidence, respectively

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