Table 6

Multiple regression test

FactorF-statisticp-valueAdjusted R2Outcome
Investment style-Fund infusion4.8952.51E−040.05841p-value<0.05, enough evidence to reject null hypothesis
Time horizon-Loss Aversion2.9930.011810.03075p-value<0.05, enough evidence to reject null hypothesis
Return Expectations2.4790.031990.02301p-value<0.05, enough evidence to reject null hypothesis
Overconfidence/disposition-experiential-loss aversion biases5.2830.00011310.06385p-value<0.05, enough evidence to reject null hypothesis
Anchoring-experiential biases6.6227.11E−060.08217p-value<0.05, enough evidence to reject null hypothesis
Overconfidence/disposition-anchoring-herding biases4.0010.0015650.04561p-value<0.05, enough evidence to reject null hypothesis
Familiarity biases4.7470.0003410.05631p-value<0.05, enough evidence to reject null hypothesis

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