Table 4. Means and standard deviations for risk-taking, cognitive style, and cognitive reflections scores across all three groups.
Group 1 Traders (n = 58) | Group 2 Banking (n = 39) | Group 3 Nonbanking (n = 57) | p-value (Group 1 vs. 2) | p-value (Group 2 vs. 3) | |
---|---|---|---|---|---|
REI-R | 3.95 (0.57) | 3.71 (0.58) | 3.67 (0.69) | .11 | .95 |
REI-E | 3.66 (0.59) | 3.73 (0.58) | 3.55 (0.69) | .84 | .34 |
CRT score | 2.49 (0.88) | 1.54 (1.07) | 1.33 (1.06) | .000 | .62 |
Financial Risk-taking | 3.05 (0.97) | 2.91 (0.82) | 2.35 (0.95) | .71 | .008 |
Notes: Standard errors are in parentheses. REI-R = Rational-Experiential Inventory—Rational subscale score; REI-E = Rational-Experiential Inventory—Experiential subscale score; CRT = Cognitive Reflection Test; Scores for 5–11 were on a Likert-scale between 1 (minimum) to 5 (maximum). CRT was scored were between 0–3. P-values for group differences are given for pairwise comparisons (Games-Howell corrected).