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. Author manuscript; available in PMC: 2019 May 1.
Published in final edited form as: J Econ Behav Organ. 2018 Apr 16;149:239–268. doi: 10.1016/j.jebo.2017.12.025

Table B.1.

Risk aversion regressions.

Variables (1) (2) (3) (4) (5) (6) (7)
Number of risky decisions
Cognitive ability (own precision, ρu) 0.51
[0.43]
0.36
[0.48]
0.38
[0.49]
Receptiveness (advice perceived precision, ρv ) 0.05
[0.10]
0.02
[0.11]
Responsiveness (advice weight, αv) −0.34
[1.07]
0.10
[1.09]
High school diploma or less 1.09*
[0.59]
1.02
[0.66]
0.96
[0.66]
0.97
[0.65]
Digit span 0.26*
[0.14]
0.26*
[0.15]
0.23
[0.16]
0.23
[0.16]
Age 0.02
[0.04]
0.02
[0.04]
0.02
[0.04]
Female −2.39***
[0.71]
−2.41***
[0.70]
−2.40***
[0.72]
Acres operated (1000’s) 0.28
[0.24]
0.29
[0.24]
0.29
[0.24]
Farming not principal occupation 0.75
[0.73]
0.74
[0.71]
0.75
[0.72]
Years making decisions on farm −0.01
[0.04]
−0.00
[0.04]
−0.00
[0.04]
Received computer refresher 0.32
[0.82]
0.33
[0.84]
0.30
[0.82]
Constant 4.88***
[0.31]
5.02***
[0.27
5.29***
[0.71]
2.86**
[1.10]
1.79
[1.67]
1.88
[1.66]
1.78
[1.80]
Observations 132 132 132 131 131 131 131
R-squared 0.010 0.002 0.001 0.041 0.083 0.088 0.088

Coefficients in OLS regressions. Robust standard errors in brackets. The precisions are multiplied by 100 for scaling.

*

p < 0.10.

**

p < 0.05.

***

p < 0.01.