Table 8

Kruskal–Wallis test on behavioural bias factors

FactorsDemographic traitKW statisticp-valueOutcome
Overconfidence/disposition-experiential-loss aversion biasAge7.13640.1289p-value> 0.05, not enough evidence to reject null hypothesis
Anchoring-experiential biasAge8.32110.0805p-value> 0.05, not enough evidence to reject null hypothesis
Overconfidence/disposition-anchoring-herding biasAge6.9050.141p-value> 0.05, not enough evidence to reject null hypothesis
Familiarity biasAge17.0780.001867p-value<0.05, enough evidence to reject null hypothesis
Overconfidence/disposition-experiential-loss aversion biasGender70.7674.30E−16p-value<0.05, enough evidence to reject null hypothesis
Anchoring-experiential biasGender17.1180.0001918p-value<0.05, enough evidence to reject null hypothesis
Overconfidence/disposition-anchoring-herding biasGender7.3380.0255p-value<0.05, enough evidence to reject null hypothesis
Familiarity biasGender17.2790.000177p-value<0.05, enough evidence to reject null hypothesis
Overconfidence/disposition-experiential-loss aversion biasCountry12.0940.002365p-value<0.05, enough evidence to reject null hypothesis
Anchoring-experiential biasCountry1.11480.5727p-value> 0.05, not enough evidence to reject null hypothesis
Overconfidence/disposition-anchoring-herding biasCountry8.35890.01531p-value<0.05, enough evidence to reject null hypothesis
Familiarity biasCountry17.2710.0001776p-value<0.05, enough evidence to reject null hypothesis
Overconfidence/disposition-experiential-loss aversion biasEmployment type3.83870.5729p-value> 0.05, not enough evidence to reject null hypothesis
Anchoring-experiential biasEmployment type13.7220.01748p-value<0.05, enough evidence to reject null hypothesis
Overconfidence/disposition-anchoring-herding biasEmployment type7.97560.1576p-value> 0.05, not enough evidence to reject null hypothesis
Familiarity biasEmployment type21.4250.0006731p-value<0.05, enough evidence to reject null hypothesis
Overconfidence/disposition-experiential-loss aversion biasExpertise5.89530.05246p-value> 0.05, not enough evidence to reject null hypothesis
Anchoring-experiential biasExpertise8.59740.01359p-value<0.05, enough evidence to reject null hypothesis
Overconfidence/disposition-anchoring-herding biasExpertise8.27210.01599p-value<0.05, enough evidence to reject null hypothesis
Familiarity biasExpertise12.3340.002098p-value<0.05, enough evidence to reject null hypothesis

or Create an Account

Close Modal
Close Modal