Table 12. Results of ordinal regression... | Emerald Publishing

Table 12.

Results of ordinal regression for hindsight bias

χ² 17.162 P = 0.046	Estimate	Std. error	Wald	Sig.
Explained variable
Hindsight bias = 1	−2.076	1.256	2.730	0.098
Hindsight bias = 2	−0.787	1.251	0.396	0.529
Explanatory variable
Financial literacy score	−0.090	0.030	9.074	0.003***
Gender	−0.296	0.223	1.770	0.183
Age group	0.143	0.235	0.374	0.541
Education	0.012	0.241	0.003	0.959
Area of specialization	−0.492	0.386	1.623	0.203
Average income	−0.150	0.246	0.373	0.542
Main source of information	0.324	0.216	2.263	0.133
Preferred investment	−0.246	0.232	1.120	0.290
Frequency of information	0.355	0.730	0.236	0.627

χ² 17.162P = 0.046	Estimate	Std. error	Wald	Sig.
Explained variable
Hindsight bias = 1	−2.076	1.256	2.730	0.098
Hindsight bias = 2	−0.787	1.251	0.396	0.529
Explanatory variable
Financial literacy score	−0.090	0.030	9.074	0.003***
Gender	−0.296	0.223	1.770	0.183
Age group	0.143	0.235	0.374	0.541
Education	0.012	0.241	0.003	0.959
Area of specialization	−0.492	0.386	1.623	0.203
Average income	−0.150	0.246	0.373	0.542
Main source of information	0.324	0.216	2.263	0.133
Preferred investment	−0.246	0.232	1.120	0.290
Frequency of information	0.355	0.730	0.236	0.627

Notes:

***p ≤ 0.01

Source: Author calculations based on primary data