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. Author manuscript; available in PMC: 2016 Nov 1.
Published in final edited form as: Manage Sci. 2014 Oct 29;61(11):2603–2610. doi: 10.1287/mnsc.2014.2010

Table 4.

Decrease in Cognition and Confidence

Change in Self-Confidence Change in Confidence in
Managing Finances


SE p-value Estimate SE p-value


Cognition Change 0.416* 0.234 0.08 0.163 0.168 0.33
Intercept 0.131 0.086 0.13 −0.094 0.061 0.13

Cognition Decrease 0.968*** 0.350 0.01 0.098 0.267 0.72
Intercept 0.342** 0.147 0.02 −0.092 0.110 0.40
Change in Confidence in
Financial Knowledge

Estimate SE p-value

Cognition Change 1.042** 0.426 0.01
Intercept 0.153 0.157 0.33

Cognition Decrease 1.062* 0.616 0.09
Intercept 0.126 0.259 0.63

This table presents regression results of the effect of cognition changes on three different measures of confidence. Cognition Change and Cognition Decrease are defined as in Table 2.

*, **, and *** indicate statistically significant at the 10%, 5%, and 1% level respectively