Table 3.
Logit estimation: treatment effect on default propensity (Study 2).
| Independent Var. | Dependent Var.: DE | |
|---|---|---|
| Model (1) | Model (2) | |
| Chance | − 0.525* | − 0.525* |
| (1 = 75%, 0 = 25%) | (0.265) | (0.265) |
| Frame | − 0.152 | − 0.152 |
| (1 = Gain, 0 = Loss) | (0.224) | (0.224) |
Chance  Frame |
0.181 | 0.181 |
| (0.357) | (0.357) | |
| Round | − 0.031*** | − 0.031*** |
| (0.008) | (0.008) | |
| Gender | 0.247 | 0.247 |
| (1 = Male, 0 = Female) | (0.297) | (0.297) |
| Age | − 0.211* | − 0.211* |
| (0.095) | (0.095) | |
| Decision time | 0.000 | 0.000 |
| (0.000) | (0.000) | |
| Constant | 4.111* | 4.111* |
| (1.810) | (1.809) | |
| Constant(id) | 0.968*** | |
| (0.147) | ||
| Observations | 3318 | 3318 |
| Number of individuals | 158 | 158 |
|
0.984 | |
|
0.227 | |
The estimation is based on 3318 (158*21) individual-round level independent observations. For other table notes please refer to Table 2.