Table 9 Results of hypotheses testing
Hypothesis | Result | |
|---|---|---|
Dependent variable | Decision | |
1. Students’ development of financial competence about mortgage loans is related to | ||
Learning informally using webpages | Knowledge | |
Total score | Reject | |
Comprehension score | Reject | |
Transfer score | Reject | |
Argumentation quality | Reject | |
Prior knowledge | Knowledge | |
Total score | Accept | |
Comprehension score | Accept | |
Transfer score | Accept | |
Argumentation quality | Reject (by trend) | |
Self-assessed knowledge. | Knowledge | |
Total score | Reject | |
Comprehension score | Reject | |
Transfer score | Reject | |
Argumentation quality | Reject | |
Experience with investments and financing | Knowledge | |
Total score | Reject | |
Comprehension score | Reject (by trend if a reduced model is calculated) | |
Transfer score | Reject | |
Argumentation quality | Reject | |
Interest in home ownership | Knowledge | |
Total score | Reject | |
Comprehension score | Reject | |
Transfer score | Reject | |
Argumentation quality | Accept | |
2. Students develop better financial competence about mortgage loans if they have | ||
High prior knowledge rather than low prior knowledge | Knowledge | |
Total score | Accept | |
Comprehension score | Accept | |
Transfer score | Accept | |
Argumentation quality | Reject | |
High self-assessed knowledge rather than low self-assessed knowledge | Knowledge | |
Total score | Accept | |
Comprehension score | Reject | |
Transfer score | Reject | |
Argumentation quality | Reject | |
High prior experience with investment and finances rather than low prior experiences | Knowledge | |
Total score | Accept | |
Comprehension score | Reject | |
Transfer score | Accept | |
Argumentation quality | Reject | |
High interest in home ownership rather than low significance | Knowledge | |
Total score | Accept | |
Comprehension score | Accept | |
Transfer score | Reject | |
Argumentation quality | Reject (significant difference between groups in the opposite direction) | |
3. The difference in the development of financial competence about mortgage loans between high and low … students is related to learning informally using webpages | ||
… Prior knowledge | Knowledge | |
Total score | Reject | |
Comprehension score | Reject | |
Transfer score | Reject | |
Argumentation quality | Reject | |
…Self-assessed knowledge | Knowledge | |
Total score | Reject | |
Comprehension score | Reject | |
Transfer score | Reject | |
Argumentation quality | Reject | |
…Experience with investments and finances | Knowledge | |
Total score | Reject | |
Comprehension score | Reject | |
Transfer score | Reject | |
Argumentation quality | Reject | |
…Interest in home ownership | Knowledge | |
Total score | Reject | |
Comprehension score | Reject | |
Transfer score | Reject | |
Argumentation quality | Reject | |
4. The decision for or against taking a mortgage loan is related to learning informally using webpages | Decision for/against loan | Reject |
5. Students with low (high) risk aversion make a risk-friendly (risk-averse) decision about taking a mortgage loan | Decision for/against loan | Reject |
6. The difference in the decision about taking a mortgage loan between high and low risk-averse students is related to learning informally using webpages | Decision for/against loan | Reject |