Table 4.
Decision 1 | Decision 2 | Decision 3 | Decision 4 | Decision 5 | Decision 6 | |
---|---|---|---|---|---|---|
Dep var: | β ≤ 0 | β ≤ 0.5 | α ≤ 0 | α ≤ 0.125 | β ≤ 0.25 | α ≤ −0.25 |
(vs ≥ 0) | (vs ≥ 0.5) | (vs ≥ 0) | (vs ≥ 0.125) | (vs ≥ 0.25) | (vs ≥ −0.25) | |
(1) | (2) | (3) | (4) | (5) | (6) | |
CRT | −0.149* | 0.122* | 0.124* | 0.150** | 0.109 | −0.044 |
(0.088) | (0.073) | (0.069) | (0.072) | (0.067) | (0.084) | |
[−0.031*] | [0.040*] | [0.047*] | [0.049**] | [0.042*] | [−0.011] | |
Female | 0.306 | 0.070 | −0.285 | −0.462** | 0.294 | −0.146 |
(0.276) | (0.227) | (0.213) | (0.223) | (0.216) | (0.257) | |
[0.063] | [0.023] | [−0.108] | [−0.151**] | [0.113] | [−0.035] | |
Cons | −0.898*** | 0.252 | 0.017 | 0.390 | −0.250 | −0.812*** |
(0.334) | (0.271) | (0.262) | (0.264) | (0.260) | (0.315) | |
[0.184] | [0.599] | [0.507] | [0.652] | [0.401] | [0.208] | |
ll | −60.929 | −90.969 | −103.938 | −90.902 | −105.927 | −68.750 |
Wald χ2 | 6.18** | 2.89 | 6.86** | 10.74*** | 3.35 | 0.44 |
Pseudo R2 | 0.045 | 0.017 | 0.035 | 0.063 | 0.016 | 0.004 |
N | 158 | 158 | 158 | 158 | 158 | 158 |
Probit estimates. The α and β parameters associated with the dependent variable are displayed on top of each column. Robust standard errors clustered on individuals are shown in parentheses and average marginal effects of the explanatory variables are shown in square brackets (for the constant, this value represents the probability obtained from normal transformation of the Probit coefficient).
denote p-values lower than 0.10, 0.05, and 0.01, respectively.