Table 14. Results of ordinal regression... | Emerald Publishing

Table 14.

Results of ordinal regression for cognitive dissonance

χ² = 17.781 P = 0.038	Estimate	Std. error	Wald	Sig.
Explained variable
Cognitive dissonance = 1	−1.280	1.160	1.219	0.270
Cognitive dissonance = 2	0.184	1.157	0.025	0.874
Explanatory variable
Financial literacy score	−0.049	0.029	2.836	0.092*
Gender	0.152	0.221	0.472	0.492
Age group	0.042	0.234	0.032	0.857
Education	−0.348	0.146	5.687	0.017**
Area of specialization	0.310	0.384	0.651	0.420
Average income	0.088	0.246	0.129	0.720
Main source of information	0.412	0.215	3.671	0.055*
Preferred investment	0.024	0.232	0.011	0.917
Frequency of information	0.200	0.706	0.080	0.777

χ² = 17.781P = 0.038	Estimate	Std. error	Wald	Sig.
Explained variable
Cognitive dissonance = 1	−1.280	1.160	1.219	0.270
Cognitive dissonance = 2	0.184	1.157	0.025	0.874
Explanatory variable
Financial literacy score	−0.049	0.029	2.836	0.092*
Gender	0.152	0.221	0.472	0.492
Age group	0.042	0.234	0.032	0.857
Education	−0.348	0.146	5.687	0.017**
Area of specialization	0.310	0.384	0.651	0.420
Average income	0.088	0.246	0.129	0.720
Main source of information	0.412	0.215	3.671	0.055*
Preferred investment	0.024	0.232	0.011	0.917
Frequency of information	0.200	0.706	0.080	0.777

Notes:

**p ≤ 0.05;

*p ≤ 0.10

Source: Author calculations based on primary data