Table 5 Means and distribution tests results for risk preferences and attention across debts

From: Breaking Bad: When Being Disadvantaged Incentivizes (Seemingly) Risky Behavior

  DEBT = $0.13 DEBT = $0.25 DEBT = $0.35 DEBT = $0.47
Subjective risk preferences
DEBT = $0.00 t-test: 0.849 t-test: 0.109 t-test: 0.775 t-test: 0.834
t-test: [0.684] t-test: [0.486] t-test: [0.374] t-test: [0.44]
U-test: 0.753 U-test: 0.145 U-test: 0.708 U-test: 0.776
U-test: [0.604] U-test: [0.494] U-test: [0.368] U-test: [0.427]
DEBT = $0.13 t-test: 0.087 t-test: 0.938 t-test: 0.997
t-test: [0.294] t-test: [0.670] t-test: [0.750]
U-test: 0.091 U-test: 0.997 U-test:0.966
U-test: [0.269] U-test: [0.753] U-test: [0.804]
DEBT = $0.25 t-test: 0.056 t-test: 0.065
t-test: [0.118] t-test: [0.145]
U-test: 0.065 U-test:0.074
U-test: [0.124] U-test: [0.149]
DEBT = $0.35 t-test: 0.937
t-test: [0.907]
U-test: 0.955
U-test: [0.93]
Reported attention scores
DEBT = $0.00 t-test: 0.996 t-test: 0.378 t-test: 0.693 t-test: 0.746
U-test: 0.958 U-test: 0.199 U-test: 0.838 U-test: 0.59
DEBT = $0.13 t-test: 0.382 t-test: 0.695 t-test: 0.747
U-test: 0.185 U-test: 0.887 U-test: 0.567
DEBT = $0.25 t-test: 0.666 t-test: 0.576
U-test: 0.357 U-test: 0.535
DEBT = $0.35 t-test: 0.926
U-test: 0.831
  1. Mean and distributional test results by debt level for subjective risk preferences (top) and reported attention scores (bottom). Bracketed p-values correspond to test results derived after omitting subjects who indicated a subjective risk preference of 0 or “I avoid risk”