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.