Skip to main content

Table 2 Summary statistics

From: What matters in the annuitization decision?

Variable Mean SD Min Max
Annuity 0.36   0 1
TRUST 3.96 1.10 1.67 7
Basic annuity literacy 2.27 0.91 0 3
Financial literacy 3.78 1.12 0 5
Loss aversion 3.54 2.71 0.5 8
Time preference 0.50 0.34 0.05 0.8
Risk aversion 0.66 0.35 0.29 1.15
  1. This table displays the mean, standard deviation, the minimum value and the maximum value of each listed variable