Table 3.
Subjective probability of stock market gain. Distribution of responses.
| N | 0-49% or 51- 100% |
50% | DK/RF | All | |
|---|---|---|---|---|---|
| Owns stock | |||||
| yes | 4672 | 61.7 | 27.1 | 11.2 | 100.0 |
| no | 11738 | 49.5 | 21.6 | 28.9 | 100.0 |
| Follows stock market | |||||
| Very closely | 1567 | 71.4 | 22.5 | 6.1 | 100.0 |
| Somewhat | 6131 | 62.3 | 27.0 | 10.7 | 100.0 |
| Not at all | 8105 | 43.3 | 20.9 | 35.8 | 100.0 |
Source: Hurd, Manski and Willis, 2007