Table 9.
Parameter estimation results for two types of information treatment.
| Variable | Bids of Trial 7 to 9 in Group A (WTA+−) | Bids of Trial 7 to 9 in Group B (WTA−+) | ||||
|---|---|---|---|---|---|---|
| Coefficient | Std. Err | P > |t| | Coefficient | Std. Err | P > |t| | |
| FEMALE | −0.2267 | 0.3129 | 0.4700 | 0.3953 ** | 0.1994 | 0.0488 |
| LAGE | 0.3544 | 0.5300 | 0.5049 | 1.7048 *** | 0.3471 | 0.0000 |
| MAGE | 0.8519 ** | 0.3366 | 0.0130 | 1.3095 *** | 0.4397 | 0.0030 |
| HAGE | 0.8885 ** | 0.5323 | 0.0970 | 1.2522 *** | 0.4371 | 0.0050 |
| LEDU | 0.3853 | 0.4797 | 0.4232 | 0.4213 | 0.3118 | 0.1793 |
| MEDU | 0.2030 | 0.4723 | 0.6681 | 0.4525 | 0.3466 | 0.1324 |
| HEDU | 0.7920 | 0.6125 | 0.1983 | 0.5046 | 0.4687 | 0.2825 |
| MINCOM | 0.2377 | 0.6930 | 0.7321 | 0.0028 | 0.2734 | 0.9923 |
| HINCOM | −0.4824 | 0.9544 | 0.6139 | 0.6512 | 0.2301 | 0.1050 |
| KID | 0.0470 | 0.4186 | 0.9107 | 0.0726 | 0.3065 | 0.8134 |
| CARE | 0.2812 | 0.6733 | 0.6773 | 0.7705 | 0.6992 | 0.2719 |
| SATISF | −0.1353 | 0.1297 | 0.2981 | −0.0035 | 0.2422 | 0.9983 |
| LKNOW | 2.5049 *** | 0.9179 | 0.0070 | 0.4893 | 0.4860 | 0.3162 |
| HKNOW | 3.5414 *** | 0.9123 | 0.0000 | 0.6500 | 0.5059 | 0.2010 |
| CONSTANT | 0.7738 | 1.3129 | 0.5570 | 1.7429 ** | 0.9704 | 0.0747 |
| σ | 1.5921 | 0.1137 | — | 1.0863 | 0.0675 | — |
| N | 150 | 148 | ||||
*, ** and *** denote significance at 10%, 5%, and 1% levels, respectively.