Table 10. Results of ordinal regression... | Emerald Publishing

Table 10.

Results of ordinal regression for availability bias

χ² 39.006 P = 0.000	Estimate	Std. error	Wald	Sig.
Explained variable
Availability bias = 1	−4.960	1.440	11.869	0.001
Availability bias = 2	−3.682	1.425	6.671	0.010
Explanatory variable
Financial literacy score	−0.170	0.036	22.865	0.000***
Gender	−0.323	0.261	1.538	0.215
Age group	−0.224	0.267	0.700	0.403
Education	0.349	0.293	1.419	0.234
Area of specialization	0.225	0.447	0.254	0.615
Average income	−0.561	0.276	4.133	0.042**
Main source of information	0.463	0.250	3.423	0.064*
Preferred investment	0.086	0.270	0.101	0.750
Frequency of information	−1.182	0.789	2.245	0.134

χ² 39.006P = 0.000	Estimate	Std. error	Wald	Sig.
Explained variable
Availability bias = 1	−4.960	1.440	11.869	0.001
Availability bias = 2	−3.682	1.425	6.671	0.010
Explanatory variable
Financial literacy score	−0.170	0.036	22.865	0.000***
Gender	−0.323	0.261	1.538	0.215
Age group	−0.224	0.267	0.700	0.403
Education	0.349	0.293	1.419	0.234
Area of specialization	0.225	0.447	0.254	0.615
Average income	−0.561	0.276	4.133	0.042**
Main source of information	0.463	0.250	3.423	0.064*
Preferred investment	0.086	0.270	0.101	0.750
Frequency of information	−1.182	0.789	2.245	0.134

Notes:

***p ≤ 0.01;

**p ≤ 0.05;

*p ≤ 0.10

Source: Author calculations based on primary data