Skip to main content

Table 9 Results of hypotheses testing

From: Developing financial competence about mortgage loans by informal learning using banks’ online calculators

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