Table 4.

Skewness, kurtosis, and factor loading.

Sr. #	Item	Description	Skw.	Kurt.	FL
1	RA1	After selling the profitable properties, I will be upset with those loosing properties once that have not been sold yet.	−0.292	−0.641	0.680
2	RA2	I will feel regret and disappointed if the price of the property, I sold keeps growing.	−0.131	−0.824	0.710
3	RA3	I don't want to buy those properties that are obviously overvalued.	0.131	−1.035	0.831
4	RA4	I sell profitable properties because I am afraid that, the property price would fall again.	0.023	−0.926	0.814
5	RA5	I pay additional cash for getting the extra benefit from property.	0.091	−1.021	0.833
1	IC1	I use my own information to make investment decisions	−0.222	−0.979	0.761
2	IC2	I think people's information are important than the information I have.	−0.244	−0.855	0.834
3	IC3	I always change my investment decision as per people's information.	−0.424	−0.748	0.621
1	FL1	Self-rate of overall knowledge of financial matters.	−0.226	−0.921	0.768
2	FL2	I am knowledgeable about investing.	−0.014	−1.06	0.872
3	FL3	I am confident about my ability to invest.	−0.209	−0.726	0.864
1	DM1	When making an investment, I trust my inner feelings and reactions.	−0.490	−0.69	0.875
2	DM2	I generally make investments that feel right to me	−0.340	−0.728	0.944
3	DM4	When I make an investment, it is more important for me to feel the investment is right than have a rational reason for it	−0.224	−0.875	0.836
4	DM5	When I make Investment, I tend to rely on my intuition	−0.510	−0.595	0.758
1	RP1	I Invest 10% of my annual income in a moderate growth mutual fund.	−0.326	−1.02	0.532
2	RP2	I invest 5% of my annual income in a conservative stock	−0.316	−1.06	0.943
3	RP3	I invest 10% of my annual income in government bonds (treasury bills).	−0.240	−1.11	0.778
4	RP4	I invest 5% of my annual income in a very speculative share.	−0.241	−1.31	0.889

RA, regret aversion; IC, information cascade; FL, financial literacy; DM, decision making; RP, risk perception.