Variable

Coefficient

Robust standard error

Z-statistic

P-value

Constant: endowment 125

−1.446

0.110

−13.19

0.000

Endowment 275

0.037

0.128

0.29

0.773

Endowment 640

1.541

0.148

10.40

0.000

Endowment 700

1.269

0.137

9.26

0.000

Endowment 1500

−0.060

0.136

−0.44

0.657

Context: neutral

−0.068

0.041

−1.67

0.095

Phase: second half

−0.033

0.029

−1.15

0.251