Risk-taking responses to crash experience: Evidence from China.

PLoS One · 2026 · PMC13098901 · PMID 42013069

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hedged sentence

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closest p

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boldest claim

The sentences

highly significantno p-value reported

The first-stage estimates in Column (1) confirm the instrument’s validity: IV crash is highly significant, and the Kleibergen-Paap statistics firmly rule out underidentification and weak instrument concerns.

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