id sid tid token lemma pos work_i5jewootsnhvrcvfsugrmdljaa 1 1 C:\DOC\Beauty c:\doc\beauty NN work_i5jewootsnhvrcvfsugrmdljaa 1 2 Contest\Belief&Information_NBER_1007.wpd Contest\Belief&Information_NBER_1007.wpd NNP work_i5jewootsnhvrcvfsugrmdljaa 1 3 To to TO work_i5jewootsnhvrcvfsugrmdljaa 1 4 Appear appear VB work_i5jewootsnhvrcvfsugrmdljaa 1 5 In in IN work_i5jewootsnhvrcvfsugrmdljaa 1 6 The the DT work_i5jewootsnhvrcvfsugrmdljaa 1 7 Journal Journal NNP work_i5jewootsnhvrcvfsugrmdljaa 1 8 of of IN work_i5jewootsnhvrcvfsugrmdljaa 1 9 Mathematical Mathematical NNP work_i5jewootsnhvrcvfsugrmdljaa 1 10 Economics Economics NNP work_i5jewootsnhvrcvfsugrmdljaa 1 11 , , , work_i5jewootsnhvrcvfsugrmdljaa 1 12 2007 2007 CD work_i5jewootsnhvrcvfsugrmdljaa 1 13 Beauty Beauty NNP work_i5jewootsnhvrcvfsugrmdljaa 1 14 Contests Contests NNPS work_i5jewootsnhvrcvfsugrmdljaa 1 15 Under under IN work_i5jewootsnhvrcvfsugrmdljaa 1 16 Private private JJ work_i5jewootsnhvrcvfsugrmdljaa 1 17 Information information NN work_i5jewootsnhvrcvfsugrmdljaa 1 18 and and CC work_i5jewootsnhvrcvfsugrmdljaa 1 19 Diverse diverse JJ work_i5jewootsnhvrcvfsugrmdljaa 1 20 Beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 1 21 : : : work_i5jewootsnhvrcvfsugrmdljaa 1 22 How how WRB work_i5jewootsnhvrcvfsugrmdljaa 1 23 Different different JJ work_i5jewootsnhvrcvfsugrmdljaa 1 24 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 2 1 by by IN work_i5jewootsnhvrcvfsugrmdljaa 2 2 Mordecai Mordecai NNP work_i5jewootsnhvrcvfsugrmdljaa 2 3 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 2 4 , , , work_i5jewootsnhvrcvfsugrmdljaa 2 5 Stanford Stanford NNP work_i5jewootsnhvrcvfsugrmdljaa 2 6 University University NNP work_i5jewootsnhvrcvfsugrmdljaa 2 7 August August NNP work_i5jewootsnhvrcvfsugrmdljaa 2 8 4 4 CD work_i5jewootsnhvrcvfsugrmdljaa 2 9 , , , work_i5jewootsnhvrcvfsugrmdljaa 2 10 2006 2006 CD work_i5jewootsnhvrcvfsugrmdljaa 2 11 Abstract Abstract NNP work_i5jewootsnhvrcvfsugrmdljaa 2 12 : : : work_i5jewootsnhvrcvfsugrmdljaa 2 13 The the DT work_i5jewootsnhvrcvfsugrmdljaa 2 14 paper paper NN work_i5jewootsnhvrcvfsugrmdljaa 2 15 contrasts contrast VBZ work_i5jewootsnhvrcvfsugrmdljaa 2 16 theories theory NNS work_i5jewootsnhvrcvfsugrmdljaa 2 17 that that WDT work_i5jewootsnhvrcvfsugrmdljaa 2 18 explain explain VBP work_i5jewootsnhvrcvfsugrmdljaa 2 19 diverse diverse JJ work_i5jewootsnhvrcvfsugrmdljaa 2 20 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 2 21 by by IN work_i5jewootsnhvrcvfsugrmdljaa 2 22 asymmetric asymmetric JJ work_i5jewootsnhvrcvfsugrmdljaa 2 23 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 2 24 information information NN work_i5jewootsnhvrcvfsugrmdljaa 2 25 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 2 26 in in IN work_i5jewootsnhvrcvfsugrmdljaa 2 27 short short JJ work_i5jewootsnhvrcvfsugrmdljaa 2 28 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 2 29 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 2 30 with with IN work_i5jewootsnhvrcvfsugrmdljaa 2 31 theories theory NNS work_i5jewootsnhvrcvfsugrmdljaa 2 32 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 2 33 postulate postulate NN work_i5jewootsnhvrcvfsugrmdljaa 2 34 agents agent NNS work_i5jewootsnhvrcvfsugrmdljaa 2 35 use use VBP work_i5jewootsnhvrcvfsugrmdljaa 2 36 subjective subjective JJ work_i5jewootsnhvrcvfsugrmdljaa 2 37 heterogenous heterogenous JJ work_i5jewootsnhvrcvfsugrmdljaa 2 38 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 2 39 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 2 40 in in IN work_i5jewootsnhvrcvfsugrmdljaa 2 41 short short JJ work_i5jewootsnhvrcvfsugrmdljaa 2 42 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 2 43 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 2 44 . . . work_i5jewootsnhvrcvfsugrmdljaa 3 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 3 2 focus focus VBP work_i5jewootsnhvrcvfsugrmdljaa 3 3 on on IN work_i5jewootsnhvrcvfsugrmdljaa 3 4 problems problem NNS work_i5jewootsnhvrcvfsugrmdljaa 3 5 where where WRB work_i5jewootsnhvrcvfsugrmdljaa 3 6 agents agent NNS work_i5jewootsnhvrcvfsugrmdljaa 3 7 forecast forecast VBP work_i5jewootsnhvrcvfsugrmdljaa 3 8 aggregates aggregate NNS work_i5jewootsnhvrcvfsugrmdljaa 3 9 such such JJ work_i5jewootsnhvrcvfsugrmdljaa 3 10 as as IN work_i5jewootsnhvrcvfsugrmdljaa 3 11 profit profit NN work_i5jewootsnhvrcvfsugrmdljaa 3 12 rate rate NN work_i5jewootsnhvrcvfsugrmdljaa 3 13 of of IN work_i5jewootsnhvrcvfsugrmdljaa 3 14 the the DT work_i5jewootsnhvrcvfsugrmdljaa 3 15 S&P500 s&p500 CD work_i5jewootsnhvrcvfsugrmdljaa 3 16 and and CC work_i5jewootsnhvrcvfsugrmdljaa 3 17 our -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 3 18 model model NN work_i5jewootsnhvrcvfsugrmdljaa 3 19 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 3 20 similar similar JJ work_i5jewootsnhvrcvfsugrmdljaa 3 21 to to IN work_i5jewootsnhvrcvfsugrmdljaa 3 22 the the DT work_i5jewootsnhvrcvfsugrmdljaa 3 23 one one NN work_i5jewootsnhvrcvfsugrmdljaa 3 24 used use VBN work_i5jewootsnhvrcvfsugrmdljaa 3 25 in in IN work_i5jewootsnhvrcvfsugrmdljaa 3 26 the the DT work_i5jewootsnhvrcvfsugrmdljaa 3 27 literature literature NN work_i5jewootsnhvrcvfsugrmdljaa 3 28 on on IN work_i5jewootsnhvrcvfsugrmdljaa 3 29 asset asset NN work_i5jewootsnhvrcvfsugrmdljaa 3 30 pricing pricing NN work_i5jewootsnhvrcvfsugrmdljaa 3 31 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 3 32 e.g. e.g. RB work_i5jewootsnhvrcvfsugrmdljaa 4 1 Brown Brown NNP work_i5jewootsnhvrcvfsugrmdljaa 4 2 and and CC work_i5jewootsnhvrcvfsugrmdljaa 4 3 Jennings Jennings NNP work_i5jewootsnhvrcvfsugrmdljaa 4 4 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 4 5 1989 1989 CD work_i5jewootsnhvrcvfsugrmdljaa 4 6 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 4 7 , , , work_i5jewootsnhvrcvfsugrmdljaa 4 8 Grundy Grundy NNP work_i5jewootsnhvrcvfsugrmdljaa 4 9 and and CC work_i5jewootsnhvrcvfsugrmdljaa 4 10 McNichols McNichols NNP work_i5jewootsnhvrcvfsugrmdljaa 4 11 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 4 12 1989 1989 CD work_i5jewootsnhvrcvfsugrmdljaa 4 13 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 4 14 , , , work_i5jewootsnhvrcvfsugrmdljaa 4 15 Allen Allen NNP work_i5jewootsnhvrcvfsugrmdljaa 4 16 , , , work_i5jewootsnhvrcvfsugrmdljaa 4 17 Morris Morris NNP work_i5jewootsnhvrcvfsugrmdljaa 4 18 and and CC work_i5jewootsnhvrcvfsugrmdljaa 4 19 Shin Shin NNP work_i5jewootsnhvrcvfsugrmdljaa 4 20 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 4 21 2003 2003 CD work_i5jewootsnhvrcvfsugrmdljaa 4 22 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 4 23 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 4 24 . . . work_i5jewootsnhvrcvfsugrmdljaa 5 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 5 2 first first RB work_i5jewootsnhvrcvfsugrmdljaa 5 3 argue argue VBP work_i5jewootsnhvrcvfsugrmdljaa 5 4 there there EX work_i5jewootsnhvrcvfsugrmdljaa 5 5 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 5 6 no no DT work_i5jewootsnhvrcvfsugrmdljaa 5 7 a a NN work_i5jewootsnhvrcvfsugrmdljaa 5 8 - - HYPH work_i5jewootsnhvrcvfsugrmdljaa 5 9 priori priori FW work_i5jewootsnhvrcvfsugrmdljaa 5 10 conceptual conceptual JJ work_i5jewootsnhvrcvfsugrmdljaa 5 11 basis basis NN work_i5jewootsnhvrcvfsugrmdljaa 5 12 to to IN work_i5jewootsnhvrcvfsugrmdljaa 5 13 assuming assume VBG work_i5jewootsnhvrcvfsugrmdljaa 5 14 PI pi NN work_i5jewootsnhvrcvfsugrmdljaa 5 15 about about IN work_i5jewootsnhvrcvfsugrmdljaa 5 16 economic economic JJ work_i5jewootsnhvrcvfsugrmdljaa 5 17 aggregates aggregate NNS work_i5jewootsnhvrcvfsugrmdljaa 5 18 . . . work_i5jewootsnhvrcvfsugrmdljaa 6 1 Since since IN work_i5jewootsnhvrcvfsugrmdljaa 6 2 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 6 3 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 6 4 not not RB work_i5jewootsnhvrcvfsugrmdljaa 6 5 observed observe VBN work_i5jewootsnhvrcvfsugrmdljaa 6 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 6 7 models model NNS work_i5jewootsnhvrcvfsugrmdljaa 6 8 with with IN work_i5jewootsnhvrcvfsugrmdljaa 6 9 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 6 10 offer offer VBP work_i5jewootsnhvrcvfsugrmdljaa 6 11 no no DT work_i5jewootsnhvrcvfsugrmdljaa 6 12 testable testable JJ work_i5jewootsnhvrcvfsugrmdljaa 6 13 hypotheses hypothesis NNS work_i5jewootsnhvrcvfsugrmdljaa 6 14 , , , work_i5jewootsnhvrcvfsugrmdljaa 6 15 making make VBG work_i5jewootsnhvrcvfsugrmdljaa 6 16 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 6 17 possible possible JJ work_i5jewootsnhvrcvfsugrmdljaa 6 18 to to TO work_i5jewootsnhvrcvfsugrmdljaa 6 19 prove prove VB work_i5jewootsnhvrcvfsugrmdljaa 6 20 anything anything NN work_i5jewootsnhvrcvfsugrmdljaa 6 21 with with IN work_i5jewootsnhvrcvfsugrmdljaa 6 22 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 6 23 . . . work_i5jewootsnhvrcvfsugrmdljaa 7 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 7 2 contrast contrast NN work_i5jewootsnhvrcvfsugrmdljaa 7 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 7 4 agents agent NNS work_i5jewootsnhvrcvfsugrmdljaa 7 5 with with IN work_i5jewootsnhvrcvfsugrmdljaa 7 6 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 7 7 reveal reveal VBP work_i5jewootsnhvrcvfsugrmdljaa 7 8 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 7 9 forecasts forecast NNS work_i5jewootsnhvrcvfsugrmdljaa 7 10 hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 7 11 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 7 12 on on IN work_i5jewootsnhvrcvfsugrmdljaa 7 13 market market NN work_i5jewootsnhvrcvfsugrmdljaa 7 14 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 7 15 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 7 16 used use VBN work_i5jewootsnhvrcvfsugrmdljaa 7 17 to to TO work_i5jewootsnhvrcvfsugrmdljaa 7 18 test test VB work_i5jewootsnhvrcvfsugrmdljaa 7 19 hypotheses hypothesis NNS work_i5jewootsnhvrcvfsugrmdljaa 7 20 of of IN work_i5jewootsnhvrcvfsugrmdljaa 7 21 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 7 22 . . . work_i5jewootsnhvrcvfsugrmdljaa 8 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 8 2 show show VBP work_i5jewootsnhvrcvfsugrmdljaa 8 3 the the DT work_i5jewootsnhvrcvfsugrmdljaa 8 4 common common JJ work_i5jewootsnhvrcvfsugrmdljaa 8 5 knowledge knowledge NN work_i5jewootsnhvrcvfsugrmdljaa 8 6 assumptions assumption NNS work_i5jewootsnhvrcvfsugrmdljaa 8 7 of of IN work_i5jewootsnhvrcvfsugrmdljaa 8 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 8 9 PI pi NN work_i5jewootsnhvrcvfsugrmdljaa 8 10 theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 8 11 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 8 12 implausible implausible JJ work_i5jewootsnhvrcvfsugrmdljaa 8 13 . . . work_i5jewootsnhvrcvfsugrmdljaa 9 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 9 2 theories theory NNS work_i5jewootsnhvrcvfsugrmdljaa 9 3 differ differ VBP work_i5jewootsnhvrcvfsugrmdljaa 9 4 on on IN work_i5jewootsnhvrcvfsugrmdljaa 9 5 four four CD work_i5jewootsnhvrcvfsugrmdljaa 9 6 main main JJ work_i5jewootsnhvrcvfsugrmdljaa 9 7 analytical analytical JJ work_i5jewootsnhvrcvfsugrmdljaa 9 8 issues issue NNS work_i5jewootsnhvrcvfsugrmdljaa 9 9 . . . work_i5jewootsnhvrcvfsugrmdljaa 10 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 10 2 1 1 LS work_i5jewootsnhvrcvfsugrmdljaa 10 3 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 10 4 The the DT work_i5jewootsnhvrcvfsugrmdljaa 10 5 pricing pricing NN work_i5jewootsnhvrcvfsugrmdljaa 10 6 theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 10 7 under under IN work_i5jewootsnhvrcvfsugrmdljaa 10 8 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 10 9 implies imply VBZ work_i5jewootsnhvrcvfsugrmdljaa 10 10 prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 10 11 have have VBP work_i5jewootsnhvrcvfsugrmdljaa 10 12 infinite infinite JJ work_i5jewootsnhvrcvfsugrmdljaa 10 13 memory memory NN work_i5jewootsnhvrcvfsugrmdljaa 10 14 and and CC work_i5jewootsnhvrcvfsugrmdljaa 10 15 at at IN work_i5jewootsnhvrcvfsugrmdljaa 10 16 each each DT work_i5jewootsnhvrcvfsugrmdljaa 10 17 t t NN work_i5jewootsnhvrcvfsugrmdljaa 10 18 depend depend VBP work_i5jewootsnhvrcvfsugrmdljaa 10 19 upon upon IN work_i5jewootsnhvrcvfsugrmdljaa 10 20 unobservable unobservable JJ work_i5jewootsnhvrcvfsugrmdljaa 10 21 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 10 22 . . . work_i5jewootsnhvrcvfsugrmdljaa 11 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 11 2 contrast contrast NN work_i5jewootsnhvrcvfsugrmdljaa 11 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 11 4 under under IN work_i5jewootsnhvrcvfsugrmdljaa 11 5 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 11 6 prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 11 7 have have VBP work_i5jewootsnhvrcvfsugrmdljaa 11 8 finite finite JJ work_i5jewootsnhvrcvfsugrmdljaa 11 9 memory memory NN work_i5jewootsnhvrcvfsugrmdljaa 11 10 and and CC work_i5jewootsnhvrcvfsugrmdljaa 11 11 depend depend VB work_i5jewootsnhvrcvfsugrmdljaa 11 12 only only RB work_i5jewootsnhvrcvfsugrmdljaa 11 13 upon upon IN work_i5jewootsnhvrcvfsugrmdljaa 11 14 observable observable JJ work_i5jewootsnhvrcvfsugrmdljaa 11 15 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 11 16 . . . work_i5jewootsnhvrcvfsugrmdljaa 12 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 12 2 2 2 LS work_i5jewootsnhvrcvfsugrmdljaa 12 3 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 12 4 The the DT work_i5jewootsnhvrcvfsugrmdljaa 12 5 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 12 6 Beauty Beauty NNP work_i5jewootsnhvrcvfsugrmdljaa 12 7 Contest contest NN work_i5jewootsnhvrcvfsugrmdljaa 12 8 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 12 9 implications implication NNS work_i5jewootsnhvrcvfsugrmdljaa 12 10 of of IN work_i5jewootsnhvrcvfsugrmdljaa 12 11 the the DT work_i5jewootsnhvrcvfsugrmdljaa 12 12 two two CD work_i5jewootsnhvrcvfsugrmdljaa 12 13 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 12 14 different different JJ work_i5jewootsnhvrcvfsugrmdljaa 12 15 . . . work_i5jewootsnhvrcvfsugrmdljaa 13 1 Under under IN work_i5jewootsnhvrcvfsugrmdljaa 13 2 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 13 3 today today NN work_i5jewootsnhvrcvfsugrmdljaa 13 4 ’s ’s POS work_i5jewootsnhvrcvfsugrmdljaa 13 5 price price NN work_i5jewootsnhvrcvfsugrmdljaa 13 6 depends depend VBZ work_i5jewootsnhvrcvfsugrmdljaa 13 7 upon upon IN work_i5jewootsnhvrcvfsugrmdljaa 13 8 today today NN work_i5jewootsnhvrcvfsugrmdljaa 13 9 ’s ’s POS work_i5jewootsnhvrcvfsugrmdljaa 13 10 market market NN work_i5jewootsnhvrcvfsugrmdljaa 13 11 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 13 12 about about IN work_i5jewootsnhvrcvfsugrmdljaa 13 13 tomorrow tomorrow NN work_i5jewootsnhvrcvfsugrmdljaa 13 14 ’s ’s POS work_i5jewootsnhvrcvfsugrmdljaa 13 15 mean mean JJ work_i5jewootsnhvrcvfsugrmdljaa 13 16 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 13 17 about about IN work_i5jewootsnhvrcvfsugrmdljaa 13 18 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 13 19 fundamental fundamental JJ work_i5jewootsnhvrcvfsugrmdljaa 13 20 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 13 21 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 13 22 . . . work_i5jewootsnhvrcvfsugrmdljaa 14 1 Under under IN work_i5jewootsnhvrcvfsugrmdljaa 14 2 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 14 3 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 14 4 depends depend VBZ work_i5jewootsnhvrcvfsugrmdljaa 14 5 upon upon IN work_i5jewootsnhvrcvfsugrmdljaa 14 6 today today NN work_i5jewootsnhvrcvfsugrmdljaa 14 7 ’s ’s POS work_i5jewootsnhvrcvfsugrmdljaa 14 8 market market NN work_i5jewootsnhvrcvfsugrmdljaa 14 9 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 14 10 about about IN work_i5jewootsnhvrcvfsugrmdljaa 14 11 tomorrow tomorrow NN work_i5jewootsnhvrcvfsugrmdljaa 14 12 ’s ’s POS work_i5jewootsnhvrcvfsugrmdljaa 14 13 market market NN work_i5jewootsnhvrcvfsugrmdljaa 14 14 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 14 15 . . . work_i5jewootsnhvrcvfsugrmdljaa 15 1 Tomorrow tomorrow NN work_i5jewootsnhvrcvfsugrmdljaa 15 2 ’s ’s POS work_i5jewootsnhvrcvfsugrmdljaa 15 3 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 15 4 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 15 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 15 6 in in IN work_i5jewootsnhvrcvfsugrmdljaa 15 7 part part NN work_i5jewootsnhvrcvfsugrmdljaa 15 8 , , , work_i5jewootsnhvrcvfsugrmdljaa 15 9 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 15 10 about about IN work_i5jewootsnhvrcvfsugrmdljaa 15 11 future future JJ work_i5jewootsnhvrcvfsugrmdljaa 15 12 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 15 13 and and CC work_i5jewootsnhvrcvfsugrmdljaa 15 14 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 15 15 often often RB work_i5jewootsnhvrcvfsugrmdljaa 15 16 mistaken mistaken JJ work_i5jewootsnhvrcvfsugrmdljaa 15 17 . . . work_i5jewootsnhvrcvfsugrmdljaa 16 1 Market market NN work_i5jewootsnhvrcvfsugrmdljaa 16 2 forecast forecast NN work_i5jewootsnhvrcvfsugrmdljaa 16 3 mistakes mistake NNS work_i5jewootsnhvrcvfsugrmdljaa 16 4 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 16 5 key key JJ work_i5jewootsnhvrcvfsugrmdljaa 16 6 to to IN work_i5jewootsnhvrcvfsugrmdljaa 16 7 Beauty Beauty NNP work_i5jewootsnhvrcvfsugrmdljaa 16 8 Contests Contests NNPS work_i5jewootsnhvrcvfsugrmdljaa 16 9 , , , work_i5jewootsnhvrcvfsugrmdljaa 16 10 and and CC work_i5jewootsnhvrcvfsugrmdljaa 16 11 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 16 12 a a DT work_i5jewootsnhvrcvfsugrmdljaa 16 13 central central JJ work_i5jewootsnhvrcvfsugrmdljaa 16 14 cause cause NN work_i5jewootsnhvrcvfsugrmdljaa 16 15 of of IN work_i5jewootsnhvrcvfsugrmdljaa 16 16 market market NN work_i5jewootsnhvrcvfsugrmdljaa 16 17 uncertainty uncertainty NN work_i5jewootsnhvrcvfsugrmdljaa 16 18 called call VBN work_i5jewootsnhvrcvfsugrmdljaa 16 19 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 16 20 endogenous endogenous JJ work_i5jewootsnhvrcvfsugrmdljaa 16 21 uncertainty uncertainty NN work_i5jewootsnhvrcvfsugrmdljaa 16 22 . . . work_i5jewootsnhvrcvfsugrmdljaa 16 23 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 16 24 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 16 25 3 3 LS work_i5jewootsnhvrcvfsugrmdljaa 16 26 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 16 27 Contrary Contrary NNP work_i5jewootsnhvrcvfsugrmdljaa 16 28 to to IN work_i5jewootsnhvrcvfsugrmdljaa 16 29 PI pi NN work_i5jewootsnhvrcvfsugrmdljaa 16 30 , , , work_i5jewootsnhvrcvfsugrmdljaa 16 31 theories theory NNS work_i5jewootsnhvrcvfsugrmdljaa 16 32 with with IN work_i5jewootsnhvrcvfsugrmdljaa 16 33 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 16 34 have have VBP work_i5jewootsnhvrcvfsugrmdljaa 16 35 wide wide JJ work_i5jewootsnhvrcvfsugrmdljaa 16 36 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 16 37 implications implication NNS work_i5jewootsnhvrcvfsugrmdljaa 16 38 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 16 39 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 16 40 testable testable JJ work_i5jewootsnhvrcvfsugrmdljaa 16 41 with with IN work_i5jewootsnhvrcvfsugrmdljaa 16 42 available available JJ work_i5jewootsnhvrcvfsugrmdljaa 16 43 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 16 44 . . . work_i5jewootsnhvrcvfsugrmdljaa 17 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 17 2 4 4 LS work_i5jewootsnhvrcvfsugrmdljaa 17 3 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 17 4 PI pi NN work_i5jewootsnhvrcvfsugrmdljaa 17 5 theories theory NNS work_i5jewootsnhvrcvfsugrmdljaa 17 6 assume assume VBP work_i5jewootsnhvrcvfsugrmdljaa 17 7 unobserved unobserved JJ work_i5jewootsnhvrcvfsugrmdljaa 17 8 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 17 9 and and CC work_i5jewootsnhvrcvfsugrmdljaa 17 10 hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 17 11 do do VBP work_i5jewootsnhvrcvfsugrmdljaa 17 12 not not RB work_i5jewootsnhvrcvfsugrmdljaa 17 13 restrict restrict VB work_i5jewootsnhvrcvfsugrmdljaa 17 14 behavior behavior NN work_i5jewootsnhvrcvfsugrmdljaa 17 15 , , , work_i5jewootsnhvrcvfsugrmdljaa 17 16 while while IN work_i5jewootsnhvrcvfsugrmdljaa 17 17 rationality rationality NN work_i5jewootsnhvrcvfsugrmdljaa 17 18 conditions condition NNS work_i5jewootsnhvrcvfsugrmdljaa 17 19 impose impose VBP work_i5jewootsnhvrcvfsugrmdljaa 17 20 restrictions restriction NNS work_i5jewootsnhvrcvfsugrmdljaa 17 21 on on IN work_i5jewootsnhvrcvfsugrmdljaa 17 22 any any DT work_i5jewootsnhvrcvfsugrmdljaa 17 23 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 17 24 theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 17 25 . . . work_i5jewootsnhvrcvfsugrmdljaa 18 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 18 2 explain explain VBP work_i5jewootsnhvrcvfsugrmdljaa 18 3 the the DT work_i5jewootsnhvrcvfsugrmdljaa 18 4 tight tight JJ work_i5jewootsnhvrcvfsugrmdljaa 18 5 restrictions restriction NNS work_i5jewootsnhvrcvfsugrmdljaa 18 6 on on IN work_i5jewootsnhvrcvfsugrmdljaa 18 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 18 8 model model NN work_i5jewootsnhvrcvfsugrmdljaa 18 9 ’s ’s POS work_i5jewootsnhvrcvfsugrmdljaa 18 10 parameters parameter NNS work_i5jewootsnhvrcvfsugrmdljaa 18 11 imposed impose VBN work_i5jewootsnhvrcvfsugrmdljaa 18 12 by by IN work_i5jewootsnhvrcvfsugrmdljaa 18 13 the the DT work_i5jewootsnhvrcvfsugrmdljaa 18 14 theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 18 15 of of IN work_i5jewootsnhvrcvfsugrmdljaa 18 16 Rational Rational NNP work_i5jewootsnhvrcvfsugrmdljaa 18 17 Beliefs Beliefs NNPS work_i5jewootsnhvrcvfsugrmdljaa 18 18 . . . work_i5jewootsnhvrcvfsugrmdljaa 19 1 JEL JEL NNP work_i5jewootsnhvrcvfsugrmdljaa 19 2 classification classification NN work_i5jewootsnhvrcvfsugrmdljaa 19 3 : : : work_i5jewootsnhvrcvfsugrmdljaa 19 4 D82 D82 NNP work_i5jewootsnhvrcvfsugrmdljaa 19 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 19 6 D83 D83 NNP work_i5jewootsnhvrcvfsugrmdljaa 19 7 , , , work_i5jewootsnhvrcvfsugrmdljaa 19 8 D84 D84 NNP work_i5jewootsnhvrcvfsugrmdljaa 19 9 , , , work_i5jewootsnhvrcvfsugrmdljaa 19 10 G12 G12 NNP work_i5jewootsnhvrcvfsugrmdljaa 19 11 , , , work_i5jewootsnhvrcvfsugrmdljaa 19 12 G14 G14 NNP work_i5jewootsnhvrcvfsugrmdljaa 19 13 , , , work_i5jewootsnhvrcvfsugrmdljaa 19 14 E27 E27 NNP work_i5jewootsnhvrcvfsugrmdljaa 19 15 . . . work_i5jewootsnhvrcvfsugrmdljaa 20 1 Keywords keyword NNS work_i5jewootsnhvrcvfsugrmdljaa 20 2 : : : work_i5jewootsnhvrcvfsugrmdljaa 20 3 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 20 4 information information NN work_i5jewootsnhvrcvfsugrmdljaa 20 5 ; ; : work_i5jewootsnhvrcvfsugrmdljaa 20 6 Bayesian bayesian JJ work_i5jewootsnhvrcvfsugrmdljaa 20 7 learning learning NN work_i5jewootsnhvrcvfsugrmdljaa 20 8 ; ; : work_i5jewootsnhvrcvfsugrmdljaa 20 9 updating update VBG work_i5jewootsnhvrcvfsugrmdljaa 20 10 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 20 11 ; ; , work_i5jewootsnhvrcvfsugrmdljaa 20 12 heterogenous heterogenous JJ work_i5jewootsnhvrcvfsugrmdljaa 20 13 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 20 14 ; ; : work_i5jewootsnhvrcvfsugrmdljaa 20 15 asset asset NN work_i5jewootsnhvrcvfsugrmdljaa 20 16 pricing pricing NN work_i5jewootsnhvrcvfsugrmdljaa 20 17 ; ; : work_i5jewootsnhvrcvfsugrmdljaa 20 18 Rational Rational NNP work_i5jewootsnhvrcvfsugrmdljaa 20 19 Beliefs Beliefs NNPS work_i5jewootsnhvrcvfsugrmdljaa 20 20 . . . work_i5jewootsnhvrcvfsugrmdljaa 21 1 For for IN work_i5jewootsnhvrcvfsugrmdljaa 21 2 Correspondence Correspondence NNP work_i5jewootsnhvrcvfsugrmdljaa 21 3 : : : work_i5jewootsnhvrcvfsugrmdljaa 21 4 Mordecai Mordecai NNP work_i5jewootsnhvrcvfsugrmdljaa 21 5 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 21 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 21 7 Joan Joan NNP work_i5jewootsnhvrcvfsugrmdljaa 21 8 Kenney Kenney NNP work_i5jewootsnhvrcvfsugrmdljaa 21 9 Professor Professor NNP work_i5jewootsnhvrcvfsugrmdljaa 21 10 of of IN work_i5jewootsnhvrcvfsugrmdljaa 21 11 Economics Economics NNP work_i5jewootsnhvrcvfsugrmdljaa 21 12 Department Department NNP work_i5jewootsnhvrcvfsugrmdljaa 21 13 of of IN work_i5jewootsnhvrcvfsugrmdljaa 21 14 Economics Economics NNP work_i5jewootsnhvrcvfsugrmdljaa 21 15 , , , work_i5jewootsnhvrcvfsugrmdljaa 21 16 Landau Landau NNP work_i5jewootsnhvrcvfsugrmdljaa 21 17 Building Building NNP work_i5jewootsnhvrcvfsugrmdljaa 21 18 Stanford Stanford NNP work_i5jewootsnhvrcvfsugrmdljaa 21 19 University University NNP work_i5jewootsnhvrcvfsugrmdljaa 21 20 Stanford Stanford NNP work_i5jewootsnhvrcvfsugrmdljaa 21 21 , , , work_i5jewootsnhvrcvfsugrmdljaa 21 22 CA CA NNP work_i5jewootsnhvrcvfsugrmdljaa 21 23 . . . work_i5jewootsnhvrcvfsugrmdljaa 22 1 94305 94305 CD work_i5jewootsnhvrcvfsugrmdljaa 22 2 - - SYM work_i5jewootsnhvrcvfsugrmdljaa 22 3 6072 6072 CD work_i5jewootsnhvrcvfsugrmdljaa 22 4 Email Email NNP work_i5jewootsnhvrcvfsugrmdljaa 22 5 : : : work_i5jewootsnhvrcvfsugrmdljaa 22 6 mordecai@stanford.ed mordecai@stanford.ed DT work_i5jewootsnhvrcvfsugrmdljaa 22 7 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 22 8 This this DT work_i5jewootsnhvrcvfsugrmdljaa 22 9 research research NN work_i5jewootsnhvrcvfsugrmdljaa 22 10 was be VBD work_i5jewootsnhvrcvfsugrmdljaa 22 11 supported support VBN work_i5jewootsnhvrcvfsugrmdljaa 22 12 by by IN work_i5jewootsnhvrcvfsugrmdljaa 22 13 a a DT work_i5jewootsnhvrcvfsugrmdljaa 22 14 grant grant NN work_i5jewootsnhvrcvfsugrmdljaa 22 15 of of IN work_i5jewootsnhvrcvfsugrmdljaa 22 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 22 17 Smith Smith NNP work_i5jewootsnhvrcvfsugrmdljaa 22 18 Richardson Richardson NNP work_i5jewootsnhvrcvfsugrmdljaa 22 19 Foundation Foundation NNP work_i5jewootsnhvrcvfsugrmdljaa 22 20 to to IN work_i5jewootsnhvrcvfsugrmdljaa 22 21 the the DT work_i5jewootsnhvrcvfsugrmdljaa 22 22 Stanford Stanford NNP work_i5jewootsnhvrcvfsugrmdljaa 22 23 Institute Institute NNP work_i5jewootsnhvrcvfsugrmdljaa 22 24 for for IN work_i5jewootsnhvrcvfsugrmdljaa 22 25 Economic Economic NNP work_i5jewootsnhvrcvfsugrmdljaa 22 26 Policy Policy NNP work_i5jewootsnhvrcvfsugrmdljaa 22 27 Research Research NNP work_i5jewootsnhvrcvfsugrmdljaa 22 28 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 22 29 SIEPR SIEPR NNP work_i5jewootsnhvrcvfsugrmdljaa 22 30 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 22 31 . . . work_i5jewootsnhvrcvfsugrmdljaa 23 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 23 2 author author NN work_i5jewootsnhvrcvfsugrmdljaa 23 3 thanks thank NNS work_i5jewootsnhvrcvfsugrmdljaa 23 4 Ken Ken NNP work_i5jewootsnhvrcvfsugrmdljaa 23 5 Judd Judd NNP work_i5jewootsnhvrcvfsugrmdljaa 23 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 23 7 Stephen Stephen NNP work_i5jewootsnhvrcvfsugrmdljaa 23 8 Morris Morris NNP work_i5jewootsnhvrcvfsugrmdljaa 23 9 , , , work_i5jewootsnhvrcvfsugrmdljaa 23 10 Maurizio Maurizio NNP work_i5jewootsnhvrcvfsugrmdljaa 23 11 Motolese Motolese NNP work_i5jewootsnhvrcvfsugrmdljaa 23 12 , , , work_i5jewootsnhvrcvfsugrmdljaa 23 13 Ho Ho NNP work_i5jewootsnhvrcvfsugrmdljaa 23 14 - - HYPH work_i5jewootsnhvrcvfsugrmdljaa 23 15 Mou Mou NNP work_i5jewootsnhvrcvfsugrmdljaa 23 16 Wu Wu NNP work_i5jewootsnhvrcvfsugrmdljaa 23 17 , , , work_i5jewootsnhvrcvfsugrmdljaa 23 18 Min Min NNP work_i5jewootsnhvrcvfsugrmdljaa 23 19 Fan Fan NNP work_i5jewootsnhvrcvfsugrmdljaa 23 20 and and CC work_i5jewootsnhvrcvfsugrmdljaa 23 21 John John NNP work_i5jewootsnhvrcvfsugrmdljaa 23 22 O’Leary O’Leary NNP work_i5jewootsnhvrcvfsugrmdljaa 23 23 for for IN work_i5jewootsnhvrcvfsugrmdljaa 23 24 helpful helpful JJ work_i5jewootsnhvrcvfsugrmdljaa 23 25 discussions discussion NNS work_i5jewootsnhvrcvfsugrmdljaa 23 26 of of IN work_i5jewootsnhvrcvfsugrmdljaa 23 27 the the DT work_i5jewootsnhvrcvfsugrmdljaa 23 28 ideas idea NNS work_i5jewootsnhvrcvfsugrmdljaa 23 29 in in IN work_i5jewootsnhvrcvfsugrmdljaa 23 30 this this DT work_i5jewootsnhvrcvfsugrmdljaa 23 31 paper paper NN work_i5jewootsnhvrcvfsugrmdljaa 23 32 . . . work_i5jewootsnhvrcvfsugrmdljaa 24 1 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 24 2 Department Department NNP work_i5jewootsnhvrcvfsugrmdljaa 24 3 of of IN work_i5jewootsnhvrcvfsugrmdljaa 24 4 Economics Economics NNP work_i5jewootsnhvrcvfsugrmdljaa 24 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 24 6 Serra Serra NNP work_i5jewootsnhvrcvfsugrmdljaa 24 7 Street Street NNP work_i5jewootsnhvrcvfsugrmdljaa 24 8 at at IN work_i5jewootsnhvrcvfsugrmdljaa 24 9 Galvez Galvez NNP work_i5jewootsnhvrcvfsugrmdljaa 24 10 , , , work_i5jewootsnhvrcvfsugrmdljaa 24 11 Stanford Stanford NNP work_i5jewootsnhvrcvfsugrmdljaa 24 12 University University NNP work_i5jewootsnhvrcvfsugrmdljaa 24 13 , , , work_i5jewootsnhvrcvfsugrmdljaa 24 14 Stanford Stanford NNP work_i5jewootsnhvrcvfsugrmdljaa 24 15 , , , work_i5jewootsnhvrcvfsugrmdljaa 24 16 CA CA NNP work_i5jewootsnhvrcvfsugrmdljaa 24 17 . . . work_i5jewootsnhvrcvfsugrmdljaa 25 1 94305 94305 CD work_i5jewootsnhvrcvfsugrmdljaa 25 2 - - SYM work_i5jewootsnhvrcvfsugrmdljaa 25 3 6072 6072 CD work_i5jewootsnhvrcvfsugrmdljaa 25 4 , , , work_i5jewootsnhvrcvfsugrmdljaa 25 5 USA USA NNP work_i5jewootsnhvrcvfsugrmdljaa 25 6 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 25 7 Beauty Beauty NNP work_i5jewootsnhvrcvfsugrmdljaa 25 8 Contests Contests NNPS work_i5jewootsnhvrcvfsugrmdljaa 25 9 Under under IN work_i5jewootsnhvrcvfsugrmdljaa 25 10 Private private JJ work_i5jewootsnhvrcvfsugrmdljaa 25 11 Information information NN work_i5jewootsnhvrcvfsugrmdljaa 25 12 and and CC work_i5jewootsnhvrcvfsugrmdljaa 25 13 Diverse diverse JJ work_i5jewootsnhvrcvfsugrmdljaa 25 14 Beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 25 15 : : : work_i5jewootsnhvrcvfsugrmdljaa 25 16 How how WRB work_i5jewootsnhvrcvfsugrmdljaa 25 17 Different1 Different1 NNP work_i5jewootsnhvrcvfsugrmdljaa 25 18 by by IN work_i5jewootsnhvrcvfsugrmdljaa 25 19 Mordecai Mordecai NNP work_i5jewootsnhvrcvfsugrmdljaa 25 20 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 25 21 , , , work_i5jewootsnhvrcvfsugrmdljaa 25 22 Stanford Stanford NNP work_i5jewootsnhvrcvfsugrmdljaa 25 23 University University NNP work_i5jewootsnhvrcvfsugrmdljaa 25 24 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 25 25 August August NNP work_i5jewootsnhvrcvfsugrmdljaa 25 26 4 4 CD work_i5jewootsnhvrcvfsugrmdljaa 25 27 , , , work_i5jewootsnhvrcvfsugrmdljaa 25 28 2006 2006 CD work_i5jewootsnhvrcvfsugrmdljaa 25 29 Diversity diversity NN work_i5jewootsnhvrcvfsugrmdljaa 25 30 of of IN work_i5jewootsnhvrcvfsugrmdljaa 25 31 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 25 32 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 25 33 an an DT work_i5jewootsnhvrcvfsugrmdljaa 25 34 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 25 35 fact fact NN work_i5jewootsnhvrcvfsugrmdljaa 25 36 . . . work_i5jewootsnhvrcvfsugrmdljaa 26 1 A a DT work_i5jewootsnhvrcvfsugrmdljaa 26 2 large large JJ work_i5jewootsnhvrcvfsugrmdljaa 26 3 and and CC work_i5jewootsnhvrcvfsugrmdljaa 26 4 growing grow VBG work_i5jewootsnhvrcvfsugrmdljaa 26 5 body body NN work_i5jewootsnhvrcvfsugrmdljaa 26 6 of of IN work_i5jewootsnhvrcvfsugrmdljaa 26 7 work work NN work_i5jewootsnhvrcvfsugrmdljaa 26 8 has have VBZ work_i5jewootsnhvrcvfsugrmdljaa 26 9 used use VBN work_i5jewootsnhvrcvfsugrmdljaa 26 10 this this DT work_i5jewootsnhvrcvfsugrmdljaa 26 11 diversity diversity NN work_i5jewootsnhvrcvfsugrmdljaa 26 12 to to TO work_i5jewootsnhvrcvfsugrmdljaa 26 13 explain explain VB work_i5jewootsnhvrcvfsugrmdljaa 26 14 various various JJ work_i5jewootsnhvrcvfsugrmdljaa 26 15 market market NN work_i5jewootsnhvrcvfsugrmdljaa 26 16 phenomena phenomenon NNS work_i5jewootsnhvrcvfsugrmdljaa 26 17 , , , work_i5jewootsnhvrcvfsugrmdljaa 26 18 and and CC work_i5jewootsnhvrcvfsugrmdljaa 26 19 there there EX work_i5jewootsnhvrcvfsugrmdljaa 26 20 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 26 21 two two CD work_i5jewootsnhvrcvfsugrmdljaa 26 22 theories theory NNS work_i5jewootsnhvrcvfsugrmdljaa 26 23 inspired inspire VBN work_i5jewootsnhvrcvfsugrmdljaa 26 24 by by IN work_i5jewootsnhvrcvfsugrmdljaa 26 25 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 26 26 . . . work_i5jewootsnhvrcvfsugrmdljaa 27 1 One one PRP work_i5jewootsnhvrcvfsugrmdljaa 27 2 follows follow VBZ work_i5jewootsnhvrcvfsugrmdljaa 27 3 the the DT work_i5jewootsnhvrcvfsugrmdljaa 27 4 Harsanyii Harsanyii NNP work_i5jewootsnhvrcvfsugrmdljaa 27 5 doctrine doctrine NN work_i5jewootsnhvrcvfsugrmdljaa 27 6 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 27 7 views view VBZ work_i5jewootsnhvrcvfsugrmdljaa 27 8 people people NNS work_i5jewootsnhvrcvfsugrmdljaa 27 9 as as IN work_i5jewootsnhvrcvfsugrmdljaa 27 10 Bayesian bayesian JJ work_i5jewootsnhvrcvfsugrmdljaa 27 11 decision decision NN work_i5jewootsnhvrcvfsugrmdljaa 27 12 makers maker NNS work_i5jewootsnhvrcvfsugrmdljaa 27 13 who who WP work_i5jewootsnhvrcvfsugrmdljaa 27 14 hold hold VBP work_i5jewootsnhvrcvfsugrmdljaa 27 15 the the DT work_i5jewootsnhvrcvfsugrmdljaa 27 16 same same JJ work_i5jewootsnhvrcvfsugrmdljaa 27 17 probability probability NN work_i5jewootsnhvrcvfsugrmdljaa 27 18 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 27 19 but but CC work_i5jewootsnhvrcvfsugrmdljaa 27 20 who who WP work_i5jewootsnhvrcvfsugrmdljaa 27 21 have have VBP work_i5jewootsnhvrcvfsugrmdljaa 27 22 asymmetric asymmetric JJ work_i5jewootsnhvrcvfsugrmdljaa 27 23 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 27 24 information information NN work_i5jewootsnhvrcvfsugrmdljaa 27 25 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 27 26 they -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 27 27 use use VBP work_i5jewootsnhvrcvfsugrmdljaa 27 28 in in IN work_i5jewootsnhvrcvfsugrmdljaa 27 29 forecasting forecasting NN work_i5jewootsnhvrcvfsugrmdljaa 27 30 . . . work_i5jewootsnhvrcvfsugrmdljaa 28 1 Examples example NNS work_i5jewootsnhvrcvfsugrmdljaa 28 2 of of IN work_i5jewootsnhvrcvfsugrmdljaa 28 3 papers paper NNS work_i5jewootsnhvrcvfsugrmdljaa 28 4 that that WDT work_i5jewootsnhvrcvfsugrmdljaa 28 5 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 28 6 applicable applicable JJ work_i5jewootsnhvrcvfsugrmdljaa 28 7 here here RB work_i5jewootsnhvrcvfsugrmdljaa 28 8 includes include VBZ work_i5jewootsnhvrcvfsugrmdljaa 28 9 Phelps Phelps NNP work_i5jewootsnhvrcvfsugrmdljaa 28 10 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 28 11 1970 1970 CD work_i5jewootsnhvrcvfsugrmdljaa 28 12 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 28 13 , , , work_i5jewootsnhvrcvfsugrmdljaa 28 14 Lucas Lucas NNP work_i5jewootsnhvrcvfsugrmdljaa 28 15 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 28 16 1972 1972 CD work_i5jewootsnhvrcvfsugrmdljaa 28 17 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 28 18 , , , work_i5jewootsnhvrcvfsugrmdljaa 28 19 Diamond Diamond NNP work_i5jewootsnhvrcvfsugrmdljaa 28 20 and and CC work_i5jewootsnhvrcvfsugrmdljaa 28 21 Verrecchia Verrecchia NNP work_i5jewootsnhvrcvfsugrmdljaa 28 22 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 28 23 1981 1981 CD work_i5jewootsnhvrcvfsugrmdljaa 28 24 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 28 25 , , , work_i5jewootsnhvrcvfsugrmdljaa 28 26 Singleton Singleton NNP work_i5jewootsnhvrcvfsugrmdljaa 28 27 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 28 28 1987 1987 CD work_i5jewootsnhvrcvfsugrmdljaa 28 29 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 28 30 , , , work_i5jewootsnhvrcvfsugrmdljaa 28 31 Brown Brown NNP work_i5jewootsnhvrcvfsugrmdljaa 28 32 and and CC work_i5jewootsnhvrcvfsugrmdljaa 28 33 Jennings Jennings NNP work_i5jewootsnhvrcvfsugrmdljaa 28 34 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 28 35 1989 1989 CD work_i5jewootsnhvrcvfsugrmdljaa 28 36 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 28 37 , , , work_i5jewootsnhvrcvfsugrmdljaa 28 38 Grundy Grundy NNP work_i5jewootsnhvrcvfsugrmdljaa 28 39 and and CC work_i5jewootsnhvrcvfsugrmdljaa 28 40 McNichols McNichols NNP work_i5jewootsnhvrcvfsugrmdljaa 28 41 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 28 42 1989 1989 CD work_i5jewootsnhvrcvfsugrmdljaa 28 43 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 28 44 , , , work_i5jewootsnhvrcvfsugrmdljaa 28 45 Wang Wang NNP work_i5jewootsnhvrcvfsugrmdljaa 28 46 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 28 47 1994 1994 CD work_i5jewootsnhvrcvfsugrmdljaa 28 48 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 28 49 , , , work_i5jewootsnhvrcvfsugrmdljaa 28 50 He He NNP work_i5jewootsnhvrcvfsugrmdljaa 28 51 and and CC work_i5jewootsnhvrcvfsugrmdljaa 28 52 Wang Wang NNP work_i5jewootsnhvrcvfsugrmdljaa 28 53 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 28 54 1995 1995 CD work_i5jewootsnhvrcvfsugrmdljaa 28 55 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 28 56 , , , work_i5jewootsnhvrcvfsugrmdljaa 28 57 Hellwig Hellwig NNP work_i5jewootsnhvrcvfsugrmdljaa 28 58 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 28 59 2002 2002 CD work_i5jewootsnhvrcvfsugrmdljaa 28 60 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 28 61 , , , work_i5jewootsnhvrcvfsugrmdljaa 28 62 Judd Judd NNP work_i5jewootsnhvrcvfsugrmdljaa 28 63 and and CC work_i5jewootsnhvrcvfsugrmdljaa 28 64 Bernardo Bernardo NNP work_i5jewootsnhvrcvfsugrmdljaa 28 65 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 28 66 1996 1996 CD work_i5jewootsnhvrcvfsugrmdljaa 28 67 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 28 68 , , , work_i5jewootsnhvrcvfsugrmdljaa 28 69 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 28 70 2000 2000 CD work_i5jewootsnhvrcvfsugrmdljaa 28 71 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 28 72 , , , work_i5jewootsnhvrcvfsugrmdljaa 28 73 Woodford Woodford NNP work_i5jewootsnhvrcvfsugrmdljaa 28 74 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 28 75 2003 2003 CD work_i5jewootsnhvrcvfsugrmdljaa 28 76 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 28 77 , , , work_i5jewootsnhvrcvfsugrmdljaa 28 78 Allen Allen NNP work_i5jewootsnhvrcvfsugrmdljaa 28 79 , , , work_i5jewootsnhvrcvfsugrmdljaa 28 80 Morris Morris NNP work_i5jewootsnhvrcvfsugrmdljaa 28 81 and and CC work_i5jewootsnhvrcvfsugrmdljaa 28 82 Shin Shin NNP work_i5jewootsnhvrcvfsugrmdljaa 28 83 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 28 84 2003 2003 CD work_i5jewootsnhvrcvfsugrmdljaa 28 85 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 28 86 and and CC work_i5jewootsnhvrcvfsugrmdljaa 28 87 others other NNS work_i5jewootsnhvrcvfsugrmdljaa 28 88 . . . work_i5jewootsnhvrcvfsugrmdljaa 29 1 An an DT work_i5jewootsnhvrcvfsugrmdljaa 29 2 alternative alternative JJ work_i5jewootsnhvrcvfsugrmdljaa 29 3 view view NN work_i5jewootsnhvrcvfsugrmdljaa 29 4 holds hold VBZ work_i5jewootsnhvrcvfsugrmdljaa 29 5 that that IN work_i5jewootsnhvrcvfsugrmdljaa 29 6 there there EX work_i5jewootsnhvrcvfsugrmdljaa 29 7 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 29 8 nothing nothing NN work_i5jewootsnhvrcvfsugrmdljaa 29 9 to to TO work_i5jewootsnhvrcvfsugrmdljaa 29 10 justify justify VB work_i5jewootsnhvrcvfsugrmdljaa 29 11 a a DT work_i5jewootsnhvrcvfsugrmdljaa 29 12 common common JJ work_i5jewootsnhvrcvfsugrmdljaa 29 13 prior prior NN work_i5jewootsnhvrcvfsugrmdljaa 29 14 and and CC work_i5jewootsnhvrcvfsugrmdljaa 29 15 heterogeneity heterogeneity NN work_i5jewootsnhvrcvfsugrmdljaa 29 16 of of IN work_i5jewootsnhvrcvfsugrmdljaa 29 17 probability probability NN work_i5jewootsnhvrcvfsugrmdljaa 29 18 models model NNS work_i5jewootsnhvrcvfsugrmdljaa 29 19 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 29 20 inevitable inevitable JJ work_i5jewootsnhvrcvfsugrmdljaa 29 21 in in IN work_i5jewootsnhvrcvfsugrmdljaa 29 22 a a DT work_i5jewootsnhvrcvfsugrmdljaa 29 23 complex complex JJ work_i5jewootsnhvrcvfsugrmdljaa 29 24 world world NN work_i5jewootsnhvrcvfsugrmdljaa 29 25 . . . work_i5jewootsnhvrcvfsugrmdljaa 30 1 Moreover moreover RB work_i5jewootsnhvrcvfsugrmdljaa 30 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 30 3 agents agent NNS work_i5jewootsnhvrcvfsugrmdljaa 30 4 clearly clearly RB work_i5jewootsnhvrcvfsugrmdljaa 30 5 do do VBP work_i5jewootsnhvrcvfsugrmdljaa 30 6 not not RB work_i5jewootsnhvrcvfsugrmdljaa 30 7 have have VB work_i5jewootsnhvrcvfsugrmdljaa 30 8 and and CC work_i5jewootsnhvrcvfsugrmdljaa 30 9 do do VBP work_i5jewootsnhvrcvfsugrmdljaa 30 10 not not RB work_i5jewootsnhvrcvfsugrmdljaa 30 11 use use VB work_i5jewootsnhvrcvfsugrmdljaa 30 12 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 30 13 information information NN work_i5jewootsnhvrcvfsugrmdljaa 30 14 to to TO work_i5jewootsnhvrcvfsugrmdljaa 30 15 forecast forecast VB work_i5jewootsnhvrcvfsugrmdljaa 30 16 aggregates aggregate NNS work_i5jewootsnhvrcvfsugrmdljaa 30 17 such such JJ work_i5jewootsnhvrcvfsugrmdljaa 30 18 as as IN work_i5jewootsnhvrcvfsugrmdljaa 30 19 the the DT work_i5jewootsnhvrcvfsugrmdljaa 30 20 S&P S&P NNP work_i5jewootsnhvrcvfsugrmdljaa 30 21 500 500 CD work_i5jewootsnhvrcvfsugrmdljaa 30 22 , , , work_i5jewootsnhvrcvfsugrmdljaa 30 23 GNP GNP NNP work_i5jewootsnhvrcvfsugrmdljaa 30 24 growth growth NN work_i5jewootsnhvrcvfsugrmdljaa 30 25 rate rate NN work_i5jewootsnhvrcvfsugrmdljaa 30 26 , , , work_i5jewootsnhvrcvfsugrmdljaa 30 27 exchange exchange NN work_i5jewootsnhvrcvfsugrmdljaa 30 28 rates rate NNS work_i5jewootsnhvrcvfsugrmdljaa 30 29 , , , work_i5jewootsnhvrcvfsugrmdljaa 30 30 inflation inflation NN work_i5jewootsnhvrcvfsugrmdljaa 30 31 or or CC work_i5jewootsnhvrcvfsugrmdljaa 30 32 interest interest NN work_i5jewootsnhvrcvfsugrmdljaa 30 33 rates rate NNS work_i5jewootsnhvrcvfsugrmdljaa 30 34 , , , work_i5jewootsnhvrcvfsugrmdljaa 30 35 yet yet CC work_i5jewootsnhvrcvfsugrmdljaa 30 36 there there EX work_i5jewootsnhvrcvfsugrmdljaa 30 37 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 30 38 a a DT work_i5jewootsnhvrcvfsugrmdljaa 30 39 vast vast JJ work_i5jewootsnhvrcvfsugrmdljaa 30 40 diversity diversity NN work_i5jewootsnhvrcvfsugrmdljaa 30 41 of of IN work_i5jewootsnhvrcvfsugrmdljaa 30 42 such such JJ work_i5jewootsnhvrcvfsugrmdljaa 30 43 forecasts forecast NNS work_i5jewootsnhvrcvfsugrmdljaa 30 44 . . . work_i5jewootsnhvrcvfsugrmdljaa 31 1 A a DT work_i5jewootsnhvrcvfsugrmdljaa 31 2 sample sample NN work_i5jewootsnhvrcvfsugrmdljaa 31 3 of of IN work_i5jewootsnhvrcvfsugrmdljaa 31 4 papers paper NNS work_i5jewootsnhvrcvfsugrmdljaa 31 5 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 31 6 use use VBP work_i5jewootsnhvrcvfsugrmdljaa 31 7 this this DT work_i5jewootsnhvrcvfsugrmdljaa 31 8 approach approach NN work_i5jewootsnhvrcvfsugrmdljaa 31 9 includes include VBZ work_i5jewootsnhvrcvfsugrmdljaa 31 10 Harrison Harrison NNP work_i5jewootsnhvrcvfsugrmdljaa 31 11 and and CC work_i5jewootsnhvrcvfsugrmdljaa 31 12 Kreps Kreps NNP work_i5jewootsnhvrcvfsugrmdljaa 31 13 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 31 14 1978 1978 CD work_i5jewootsnhvrcvfsugrmdljaa 31 15 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 31 16 , , , work_i5jewootsnhvrcvfsugrmdljaa 31 17 Varian Varian NNP work_i5jewootsnhvrcvfsugrmdljaa 31 18 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 31 19 1985 1985 CD work_i5jewootsnhvrcvfsugrmdljaa 31 20 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 31 21 , , , work_i5jewootsnhvrcvfsugrmdljaa 31 22 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 31 23 1989 1989 CD work_i5jewootsnhvrcvfsugrmdljaa 31 24 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 31 25 , , , work_i5jewootsnhvrcvfsugrmdljaa 31 26 Harris Harris NNP work_i5jewootsnhvrcvfsugrmdljaa 31 27 and and CC work_i5jewootsnhvrcvfsugrmdljaa 31 28 Raviv Raviv NNP work_i5jewootsnhvrcvfsugrmdljaa 31 29 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 31 30 1993 1993 CD work_i5jewootsnhvrcvfsugrmdljaa 31 31 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 31 32 , , , work_i5jewootsnhvrcvfsugrmdljaa 31 33 Detemple Detemple NNP work_i5jewootsnhvrcvfsugrmdljaa 31 34 and and CC work_i5jewootsnhvrcvfsugrmdljaa 31 35 Murthy Murthy NNP work_i5jewootsnhvrcvfsugrmdljaa 31 36 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 31 37 1994 1994 CD work_i5jewootsnhvrcvfsugrmdljaa 31 38 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 31 39 , , , work_i5jewootsnhvrcvfsugrmdljaa 31 40 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 31 41 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 31 42 1994 1994 CD work_i5jewootsnhvrcvfsugrmdljaa 31 43 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 31 44 , , , work_i5jewootsnhvrcvfsugrmdljaa 31 45 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 31 46 1997a 1997a CD work_i5jewootsnhvrcvfsugrmdljaa 31 47 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 31 48 , , , work_i5jewootsnhvrcvfsugrmdljaa 31 49 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 31 50 and and CC work_i5jewootsnhvrcvfsugrmdljaa 31 51 Motolese Motolese NNP work_i5jewootsnhvrcvfsugrmdljaa 31 52 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 31 53 2001 2001 CD work_i5jewootsnhvrcvfsugrmdljaa 31 54 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 31 55 , , , work_i5jewootsnhvrcvfsugrmdljaa 31 56 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 31 57 Jin Jin NNP work_i5jewootsnhvrcvfsugrmdljaa 31 58 and and CC work_i5jewootsnhvrcvfsugrmdljaa 31 59 Motolese Motolese NNP work_i5jewootsnhvrcvfsugrmdljaa 31 60 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 31 61 2005a 2005a CD work_i5jewootsnhvrcvfsugrmdljaa 31 62 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 31 63 , , , work_i5jewootsnhvrcvfsugrmdljaa 31 64 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 31 65 2005b 2005b LS work_i5jewootsnhvrcvfsugrmdljaa 31 66 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 31 67 , , , work_i5jewootsnhvrcvfsugrmdljaa 31 68 Motolese Motolese NNP work_i5jewootsnhvrcvfsugrmdljaa 31 69 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 31 70 2001 2001 CD work_i5jewootsnhvrcvfsugrmdljaa 31 71 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 31 72 , , , work_i5jewootsnhvrcvfsugrmdljaa 31 73 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 31 74 2003 2003 CD work_i5jewootsnhvrcvfsugrmdljaa 31 75 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 31 76 , , , work_i5jewootsnhvrcvfsugrmdljaa 31 77 Nielsen Nielsen NNP work_i5jewootsnhvrcvfsugrmdljaa 31 78 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 31 79 1996),(2003 1996),(2003 NNP work_i5jewootsnhvrcvfsugrmdljaa 31 80 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 31 81 , , , work_i5jewootsnhvrcvfsugrmdljaa 31 82 Wu Wu NNP work_i5jewootsnhvrcvfsugrmdljaa 31 83 and and CC work_i5jewootsnhvrcvfsugrmdljaa 31 84 Guo Guo NNP work_i5jewootsnhvrcvfsugrmdljaa 31 85 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 31 86 2003 2003 CD work_i5jewootsnhvrcvfsugrmdljaa 31 87 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 31 88 , , , work_i5jewootsnhvrcvfsugrmdljaa 31 89 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 31 90 2004 2004 CD work_i5jewootsnhvrcvfsugrmdljaa 31 91 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 31 92 . . . work_i5jewootsnhvrcvfsugrmdljaa 32 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 32 2 particular particular JJ work_i5jewootsnhvrcvfsugrmdljaa 32 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 32 4 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 32 5 ’s ’s NNP work_i5jewootsnhvrcvfsugrmdljaa 32 6 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 32 7 1994 1994 CD work_i5jewootsnhvrcvfsugrmdljaa 32 8 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 32 9 , , , work_i5jewootsnhvrcvfsugrmdljaa 32 10 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 32 11 1997a 1997a LS work_i5jewootsnhvrcvfsugrmdljaa 32 12 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 32 13 theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 32 14 of of IN work_i5jewootsnhvrcvfsugrmdljaa 32 15 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 32 16 diversity diversity NN work_i5jewootsnhvrcvfsugrmdljaa 32 17 stresses stress VBZ work_i5jewootsnhvrcvfsugrmdljaa 32 18 the the DT work_i5jewootsnhvrcvfsugrmdljaa 32 19 impossibility impossibility NN work_i5jewootsnhvrcvfsugrmdljaa 32 20 of of IN work_i5jewootsnhvrcvfsugrmdljaa 32 21 perfect perfect JJ work_i5jewootsnhvrcvfsugrmdljaa 32 22 learning learning NN work_i5jewootsnhvrcvfsugrmdljaa 32 23 . . . work_i5jewootsnhvrcvfsugrmdljaa 33 1 It -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 33 2 holds hold VBZ work_i5jewootsnhvrcvfsugrmdljaa 33 3 that that IN work_i5jewootsnhvrcvfsugrmdljaa 33 4 our -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 33 5 environment environment NN work_i5jewootsnhvrcvfsugrmdljaa 33 6 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 33 7 non non JJ work_i5jewootsnhvrcvfsugrmdljaa 33 8 - - JJ work_i5jewootsnhvrcvfsugrmdljaa 33 9 stationary stationary JJ work_i5jewootsnhvrcvfsugrmdljaa 33 10 with with IN work_i5jewootsnhvrcvfsugrmdljaa 33 11 technological technological JJ work_i5jewootsnhvrcvfsugrmdljaa 33 12 and and CC work_i5jewootsnhvrcvfsugrmdljaa 33 13 institutional institutional JJ work_i5jewootsnhvrcvfsugrmdljaa 33 14 changes change NNS work_i5jewootsnhvrcvfsugrmdljaa 33 15 occurring occur VBG work_i5jewootsnhvrcvfsugrmdljaa 33 16 faster fast RBR work_i5jewootsnhvrcvfsugrmdljaa 33 17 than than IN work_i5jewootsnhvrcvfsugrmdljaa 33 18 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 33 19 can can MD work_i5jewootsnhvrcvfsugrmdljaa 33 20 learn learn VB work_i5jewootsnhvrcvfsugrmdljaa 33 21 them -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 33 22 . . . work_i5jewootsnhvrcvfsugrmdljaa 34 1 But but CC work_i5jewootsnhvrcvfsugrmdljaa 34 2 then then RB work_i5jewootsnhvrcvfsugrmdljaa 34 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 34 4 how how WRB work_i5jewootsnhvrcvfsugrmdljaa 34 5 different different JJ work_i5jewootsnhvrcvfsugrmdljaa 34 6 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 34 7 these these DT work_i5jewootsnhvrcvfsugrmdljaa 34 8 two two CD work_i5jewootsnhvrcvfsugrmdljaa 34 9 theories theory NNS work_i5jewootsnhvrcvfsugrmdljaa 34 10 of of IN work_i5jewootsnhvrcvfsugrmdljaa 34 11 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 34 12 diversity diversity NN work_i5jewootsnhvrcvfsugrmdljaa 34 13 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 35 1 What what WP work_i5jewootsnhvrcvfsugrmdljaa 35 2 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 35 3 the the DT work_i5jewootsnhvrcvfsugrmdljaa 35 4 differences difference NNS work_i5jewootsnhvrcvfsugrmdljaa 35 5 in in IN work_i5jewootsnhvrcvfsugrmdljaa 35 6 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 35 7 theoretical theoretical JJ work_i5jewootsnhvrcvfsugrmdljaa 35 8 and and CC work_i5jewootsnhvrcvfsugrmdljaa 35 9 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 35 10 implications implication NNS work_i5jewootsnhvrcvfsugrmdljaa 35 11 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 36 1 This this DT work_i5jewootsnhvrcvfsugrmdljaa 36 2 paper paper NN work_i5jewootsnhvrcvfsugrmdljaa 36 3 explores explore VBZ work_i5jewootsnhvrcvfsugrmdljaa 36 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 36 5 economic economic JJ work_i5jewootsnhvrcvfsugrmdljaa 36 6 structure structure NN work_i5jewootsnhvrcvfsugrmdljaa 36 7 of of IN work_i5jewootsnhvrcvfsugrmdljaa 36 8 asset asset NN work_i5jewootsnhvrcvfsugrmdljaa 36 9 pricing pricing NN work_i5jewootsnhvrcvfsugrmdljaa 36 10 theories theory NNS work_i5jewootsnhvrcvfsugrmdljaa 36 11 under under IN work_i5jewootsnhvrcvfsugrmdljaa 36 12 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 36 13 information information NN work_i5jewootsnhvrcvfsugrmdljaa 36 14 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 36 15 in in IN work_i5jewootsnhvrcvfsugrmdljaa 36 16 short short JJ work_i5jewootsnhvrcvfsugrmdljaa 36 17 , , , work_i5jewootsnhvrcvfsugrmdljaa 36 18 PI pi NN work_i5jewootsnhvrcvfsugrmdljaa 36 19 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 36 20 compared compare VBN work_i5jewootsnhvrcvfsugrmdljaa 36 21 with with IN work_i5jewootsnhvrcvfsugrmdljaa 36 22 the the DT work_i5jewootsnhvrcvfsugrmdljaa 36 23 structure structure NN work_i5jewootsnhvrcvfsugrmdljaa 36 24 of of IN work_i5jewootsnhvrcvfsugrmdljaa 36 25 heterogenous heterogenous JJ work_i5jewootsnhvrcvfsugrmdljaa 36 26 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 36 27 approach approach NN work_i5jewootsnhvrcvfsugrmdljaa 36 28 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 36 29 in in IN work_i5jewootsnhvrcvfsugrmdljaa 36 30 short short JJ work_i5jewootsnhvrcvfsugrmdljaa 36 31 , , , work_i5jewootsnhvrcvfsugrmdljaa 36 32 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 36 33 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 36 34 , , , work_i5jewootsnhvrcvfsugrmdljaa 36 35 aiming aim VBG work_i5jewootsnhvrcvfsugrmdljaa 36 36 to to IN work_i5jewootsnhvrcvfsugrmdljaa 36 37 3 3 CD work_i5jewootsnhvrcvfsugrmdljaa 36 38 highlights highlight NNS work_i5jewootsnhvrcvfsugrmdljaa 36 39 the the DT work_i5jewootsnhvrcvfsugrmdljaa 36 40 different different JJ work_i5jewootsnhvrcvfsugrmdljaa 36 41 theoretical theoretical JJ work_i5jewootsnhvrcvfsugrmdljaa 36 42 and and CC work_i5jewootsnhvrcvfsugrmdljaa 36 43 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 36 44 implications implication NNS work_i5jewootsnhvrcvfsugrmdljaa 36 45 of of IN work_i5jewootsnhvrcvfsugrmdljaa 36 46 the the DT work_i5jewootsnhvrcvfsugrmdljaa 36 47 two two CD work_i5jewootsnhvrcvfsugrmdljaa 36 48 theories theory NNS work_i5jewootsnhvrcvfsugrmdljaa 36 49 . . . work_i5jewootsnhvrcvfsugrmdljaa 37 1 To to IN work_i5jewootsnhvrcvfsugrmdljaa 37 2 that that DT work_i5jewootsnhvrcvfsugrmdljaa 37 3 end end NN work_i5jewootsnhvrcvfsugrmdljaa 37 4 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 37 5 keep keep VBP work_i5jewootsnhvrcvfsugrmdljaa 37 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 37 7 formalism formalism NN work_i5jewootsnhvrcvfsugrmdljaa 37 8 down down RP work_i5jewootsnhvrcvfsugrmdljaa 37 9 to to IN work_i5jewootsnhvrcvfsugrmdljaa 37 10 a a DT work_i5jewootsnhvrcvfsugrmdljaa 37 11 minimum minimum NN work_i5jewootsnhvrcvfsugrmdljaa 37 12 , , , work_i5jewootsnhvrcvfsugrmdljaa 37 13 focusing focus VBG work_i5jewootsnhvrcvfsugrmdljaa 37 14 on on IN work_i5jewootsnhvrcvfsugrmdljaa 37 15 ideas idea NNS work_i5jewootsnhvrcvfsugrmdljaa 37 16 and and CC work_i5jewootsnhvrcvfsugrmdljaa 37 17 concepts concept NNS work_i5jewootsnhvrcvfsugrmdljaa 37 18 . . . work_i5jewootsnhvrcvfsugrmdljaa 38 1 Our -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 38 2 discussion discussion NN work_i5jewootsnhvrcvfsugrmdljaa 38 3 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 38 4 confined confine VBN work_i5jewootsnhvrcvfsugrmdljaa 38 5 to to IN work_i5jewootsnhvrcvfsugrmdljaa 38 6 theories theory NNS work_i5jewootsnhvrcvfsugrmdljaa 38 7 where where WRB work_i5jewootsnhvrcvfsugrmdljaa 38 8 optimizing optimize VBG work_i5jewootsnhvrcvfsugrmdljaa 38 9 agents agent NNS work_i5jewootsnhvrcvfsugrmdljaa 38 10 forecast forecast VBP work_i5jewootsnhvrcvfsugrmdljaa 38 11 aggregates aggregate NNS work_i5jewootsnhvrcvfsugrmdljaa 38 12 such such JJ work_i5jewootsnhvrcvfsugrmdljaa 38 13 as as IN work_i5jewootsnhvrcvfsugrmdljaa 38 14 future future JJ work_i5jewootsnhvrcvfsugrmdljaa 38 15 S&P500 s&p500 CD work_i5jewootsnhvrcvfsugrmdljaa 38 16 returns return NNS work_i5jewootsnhvrcvfsugrmdljaa 38 17 , , , work_i5jewootsnhvrcvfsugrmdljaa 38 18 exchange exchange NN work_i5jewootsnhvrcvfsugrmdljaa 38 19 rates rate NNS work_i5jewootsnhvrcvfsugrmdljaa 38 20 , , , work_i5jewootsnhvrcvfsugrmdljaa 38 21 interest interest NN work_i5jewootsnhvrcvfsugrmdljaa 38 22 rates rate NNS work_i5jewootsnhvrcvfsugrmdljaa 38 23 , , , work_i5jewootsnhvrcvfsugrmdljaa 38 24 GDP GDP NNP work_i5jewootsnhvrcvfsugrmdljaa 38 25 growth growth NN work_i5jewootsnhvrcvfsugrmdljaa 38 26 etc etc NN work_i5jewootsnhvrcvfsugrmdljaa 38 27 . . . work_i5jewootsnhvrcvfsugrmdljaa 39 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 39 2 do do VBP work_i5jewootsnhvrcvfsugrmdljaa 39 3 not not RB work_i5jewootsnhvrcvfsugrmdljaa 39 4 address address VB work_i5jewootsnhvrcvfsugrmdljaa 39 5 the the DT work_i5jewootsnhvrcvfsugrmdljaa 39 6 problem problem NN work_i5jewootsnhvrcvfsugrmdljaa 39 7 of of IN work_i5jewootsnhvrcvfsugrmdljaa 39 8 forecasting forecast VBG work_i5jewootsnhvrcvfsugrmdljaa 39 9 future future JJ work_i5jewootsnhvrcvfsugrmdljaa 39 10 conditions condition NNS work_i5jewootsnhvrcvfsugrmdljaa 39 11 of of IN work_i5jewootsnhvrcvfsugrmdljaa 39 12 individual individual JJ work_i5jewootsnhvrcvfsugrmdljaa 39 13 firms firm NNS work_i5jewootsnhvrcvfsugrmdljaa 39 14 or or CC work_i5jewootsnhvrcvfsugrmdljaa 39 15 establishments establishment NNS work_i5jewootsnhvrcvfsugrmdljaa 39 16 . . . work_i5jewootsnhvrcvfsugrmdljaa 40 1 Our -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 40 2 main main JJ work_i5jewootsnhvrcvfsugrmdljaa 40 3 conclusions conclusion NNS work_i5jewootsnhvrcvfsugrmdljaa 40 4 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 40 5 that that IN work_i5jewootsnhvrcvfsugrmdljaa 40 6 models model NNS work_i5jewootsnhvrcvfsugrmdljaa 40 7 with with IN work_i5jewootsnhvrcvfsugrmdljaa 40 8 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 40 9 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 40 10 not not RB work_i5jewootsnhvrcvfsugrmdljaa 40 11 appropriate appropriate JJ work_i5jewootsnhvrcvfsugrmdljaa 40 12 to to IN work_i5jewootsnhvrcvfsugrmdljaa 40 13 the the DT work_i5jewootsnhvrcvfsugrmdljaa 40 14 problem problem NN work_i5jewootsnhvrcvfsugrmdljaa 40 15 of of IN work_i5jewootsnhvrcvfsugrmdljaa 40 16 forecasting forecast VBG work_i5jewootsnhvrcvfsugrmdljaa 40 17 economic economic JJ work_i5jewootsnhvrcvfsugrmdljaa 40 18 aggregates aggregate NNS work_i5jewootsnhvrcvfsugrmdljaa 40 19 and and CC work_i5jewootsnhvrcvfsugrmdljaa 40 20 offer offer VBP work_i5jewootsnhvrcvfsugrmdljaa 40 21 contrived contrived JJ work_i5jewootsnhvrcvfsugrmdljaa 40 22 solutions solution NNS work_i5jewootsnhvrcvfsugrmdljaa 40 23 . . . work_i5jewootsnhvrcvfsugrmdljaa 41 1 On on IN work_i5jewootsnhvrcvfsugrmdljaa 41 2 the the DT work_i5jewootsnhvrcvfsugrmdljaa 41 3 other other JJ work_i5jewootsnhvrcvfsugrmdljaa 41 4 hand hand NN work_i5jewootsnhvrcvfsugrmdljaa 41 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 41 6 theories theory NNS work_i5jewootsnhvrcvfsugrmdljaa 41 7 where where WRB work_i5jewootsnhvrcvfsugrmdljaa 41 8 agents agent NNS work_i5jewootsnhvrcvfsugrmdljaa 41 9 have have VBP work_i5jewootsnhvrcvfsugrmdljaa 41 10 diverse diverse JJ work_i5jewootsnhvrcvfsugrmdljaa 41 11 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 41 12 and and CC work_i5jewootsnhvrcvfsugrmdljaa 41 13 use use VB work_i5jewootsnhvrcvfsugrmdljaa 41 14 diverse diverse JJ work_i5jewootsnhvrcvfsugrmdljaa 41 15 models model NNS work_i5jewootsnhvrcvfsugrmdljaa 41 16 constitute constitute VBP work_i5jewootsnhvrcvfsugrmdljaa 41 17 a a DT work_i5jewootsnhvrcvfsugrmdljaa 41 18 natural natural JJ work_i5jewootsnhvrcvfsugrmdljaa 41 19 setting setting NN work_i5jewootsnhvrcvfsugrmdljaa 41 20 for for IN work_i5jewootsnhvrcvfsugrmdljaa 41 21 problems problem NNS work_i5jewootsnhvrcvfsugrmdljaa 41 22 of of IN work_i5jewootsnhvrcvfsugrmdljaa 41 23 this this DT work_i5jewootsnhvrcvfsugrmdljaa 41 24 type type NN work_i5jewootsnhvrcvfsugrmdljaa 41 25 . . . work_i5jewootsnhvrcvfsugrmdljaa 42 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 42 2 argue argue VBP work_i5jewootsnhvrcvfsugrmdljaa 42 3 that that IN work_i5jewootsnhvrcvfsugrmdljaa 42 4 PI pi NN work_i5jewootsnhvrcvfsugrmdljaa 42 5 models model NNS work_i5jewootsnhvrcvfsugrmdljaa 42 6 have have VBP work_i5jewootsnhvrcvfsugrmdljaa 42 7 virtually virtually RB work_i5jewootsnhvrcvfsugrmdljaa 42 8 no no DT work_i5jewootsnhvrcvfsugrmdljaa 42 9 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 42 10 implications implication NNS work_i5jewootsnhvrcvfsugrmdljaa 42 11 and and CC work_i5jewootsnhvrcvfsugrmdljaa 42 12 hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 42 13 with with IN work_i5jewootsnhvrcvfsugrmdljaa 42 14 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 42 15 information information NN work_i5jewootsnhvrcvfsugrmdljaa 42 16 one one PRP work_i5jewootsnhvrcvfsugrmdljaa 42 17 can can MD work_i5jewootsnhvrcvfsugrmdljaa 42 18 prove prove VB work_i5jewootsnhvrcvfsugrmdljaa 42 19 almost almost RB work_i5jewootsnhvrcvfsugrmdljaa 42 20 anything anything NN work_i5jewootsnhvrcvfsugrmdljaa 42 21 . . . work_i5jewootsnhvrcvfsugrmdljaa 43 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 43 2 contras contra NNS work_i5jewootsnhvrcvfsugrmdljaa 43 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 43 4 models model NNS work_i5jewootsnhvrcvfsugrmdljaa 43 5 with with IN work_i5jewootsnhvrcvfsugrmdljaa 43 6 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 43 7 have have VBP work_i5jewootsnhvrcvfsugrmdljaa 43 8 clear clear JJ work_i5jewootsnhvrcvfsugrmdljaa 43 9 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 43 10 implications implication NNS work_i5jewootsnhvrcvfsugrmdljaa 43 11 and and CC work_i5jewootsnhvrcvfsugrmdljaa 43 12 testable testable JJ work_i5jewootsnhvrcvfsugrmdljaa 43 13 hypotheses hypothesis NNS work_i5jewootsnhvrcvfsugrmdljaa 43 14 since since IN work_i5jewootsnhvrcvfsugrmdljaa 43 15 market market NN work_i5jewootsnhvrcvfsugrmdljaa 43 16 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 43 17 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 43 18 observable observable JJ work_i5jewootsnhvrcvfsugrmdljaa 43 19 . . . work_i5jewootsnhvrcvfsugrmdljaa 44 1 To to TO work_i5jewootsnhvrcvfsugrmdljaa 44 2 explore explore VB work_i5jewootsnhvrcvfsugrmdljaa 44 3 the the DT work_i5jewootsnhvrcvfsugrmdljaa 44 4 key key JJ work_i5jewootsnhvrcvfsugrmdljaa 44 5 ideas idea NNS work_i5jewootsnhvrcvfsugrmdljaa 44 6 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 44 7 first first RB work_i5jewootsnhvrcvfsugrmdljaa 44 8 outline outline VBP work_i5jewootsnhvrcvfsugrmdljaa 44 9 a a DT work_i5jewootsnhvrcvfsugrmdljaa 44 10 simple simple JJ work_i5jewootsnhvrcvfsugrmdljaa 44 11 model model NN work_i5jewootsnhvrcvfsugrmdljaa 44 12 used use VBN work_i5jewootsnhvrcvfsugrmdljaa 44 13 to to TO work_i5jewootsnhvrcvfsugrmdljaa 44 14 study study VB work_i5jewootsnhvrcvfsugrmdljaa 44 15 asset asset NN work_i5jewootsnhvrcvfsugrmdljaa 44 16 pricing pricing NN work_i5jewootsnhvrcvfsugrmdljaa 44 17 with with IN work_i5jewootsnhvrcvfsugrmdljaa 44 18 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 44 19 information information NN work_i5jewootsnhvrcvfsugrmdljaa 44 20 . . . work_i5jewootsnhvrcvfsugrmdljaa 45 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 45 2 Section section NN work_i5jewootsnhvrcvfsugrmdljaa 45 3 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 45 4 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 45 5 adapt adapt VBP work_i5jewootsnhvrcvfsugrmdljaa 45 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 45 7 model model NN work_i5jewootsnhvrcvfsugrmdljaa 45 8 to to IN work_i5jewootsnhvrcvfsugrmdljaa 45 9 an an DT work_i5jewootsnhvrcvfsugrmdljaa 45 10 environment environment NN work_i5jewootsnhvrcvfsugrmdljaa 45 11 with with IN work_i5jewootsnhvrcvfsugrmdljaa 45 12 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 45 13 but but CC work_i5jewootsnhvrcvfsugrmdljaa 45 14 without without IN work_i5jewootsnhvrcvfsugrmdljaa 45 15 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 45 16 information information NN work_i5jewootsnhvrcvfsugrmdljaa 45 17 . . . work_i5jewootsnhvrcvfsugrmdljaa 46 1 After after IN work_i5jewootsnhvrcvfsugrmdljaa 46 2 fully fully RB work_i5jewootsnhvrcvfsugrmdljaa 46 3 developing develop VBG work_i5jewootsnhvrcvfsugrmdljaa 46 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 46 5 equilibrium equilibrium NN work_i5jewootsnhvrcvfsugrmdljaa 46 6 asset asset NN work_i5jewootsnhvrcvfsugrmdljaa 46 7 pricing pricing NN work_i5jewootsnhvrcvfsugrmdljaa 46 8 theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 46 9 under under IN work_i5jewootsnhvrcvfsugrmdljaa 46 10 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 46 11 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 46 12 compare compare VBP work_i5jewootsnhvrcvfsugrmdljaa 46 13 in in IN work_i5jewootsnhvrcvfsugrmdljaa 46 14 Section section NN work_i5jewootsnhvrcvfsugrmdljaa 46 15 3 3 CD work_i5jewootsnhvrcvfsugrmdljaa 46 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 46 17 results result NNS work_i5jewootsnhvrcvfsugrmdljaa 46 18 to to IN work_i5jewootsnhvrcvfsugrmdljaa 46 19 those those DT work_i5jewootsnhvrcvfsugrmdljaa 46 20 obtained obtain VBN work_i5jewootsnhvrcvfsugrmdljaa 46 21 under under IN work_i5jewootsnhvrcvfsugrmdljaa 46 22 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 46 23 information information NN work_i5jewootsnhvrcvfsugrmdljaa 46 24 . . . work_i5jewootsnhvrcvfsugrmdljaa 47 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 47 2 explore explore VBP work_i5jewootsnhvrcvfsugrmdljaa 47 3 in in IN work_i5jewootsnhvrcvfsugrmdljaa 47 4 Section section NN work_i5jewootsnhvrcvfsugrmdljaa 47 5 3.5 3.5 CD work_i5jewootsnhvrcvfsugrmdljaa 47 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 47 7 restrictions restriction NNS work_i5jewootsnhvrcvfsugrmdljaa 47 8 on on IN work_i5jewootsnhvrcvfsugrmdljaa 47 9 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 47 10 proposed propose VBN work_i5jewootsnhvrcvfsugrmdljaa 47 11 by by IN work_i5jewootsnhvrcvfsugrmdljaa 47 12 the the DT work_i5jewootsnhvrcvfsugrmdljaa 47 13 theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 47 14 of of IN work_i5jewootsnhvrcvfsugrmdljaa 47 15 Rational Rational NNP work_i5jewootsnhvrcvfsugrmdljaa 47 16 Beliefs Beliefs NNPS work_i5jewootsnhvrcvfsugrmdljaa 47 17 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 47 18 see see VB work_i5jewootsnhvrcvfsugrmdljaa 47 19 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 47 20 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 47 21 1994 1994 CD work_i5jewootsnhvrcvfsugrmdljaa 47 22 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 47 23 , , , work_i5jewootsnhvrcvfsugrmdljaa 47 24 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 47 25 1997a 1997a LS work_i5jewootsnhvrcvfsugrmdljaa 47 26 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 47 27 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 47 28 . . . work_i5jewootsnhvrcvfsugrmdljaa 48 1 1 1 LS work_i5jewootsnhvrcvfsugrmdljaa 48 2 . . . work_i5jewootsnhvrcvfsugrmdljaa 49 1 Asymmetric Asymmetric NNP work_i5jewootsnhvrcvfsugrmdljaa 49 2 Information Information NNP work_i5jewootsnhvrcvfsugrmdljaa 49 3 and and CC work_i5jewootsnhvrcvfsugrmdljaa 49 4 Asset Asset NNP work_i5jewootsnhvrcvfsugrmdljaa 49 5 Pricing Pricing NNP work_i5jewootsnhvrcvfsugrmdljaa 49 6 The the DT work_i5jewootsnhvrcvfsugrmdljaa 49 7 model model NN work_i5jewootsnhvrcvfsugrmdljaa 49 8 reviewed review VBN work_i5jewootsnhvrcvfsugrmdljaa 49 9 here here RB work_i5jewootsnhvrcvfsugrmdljaa 49 10 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 49 11 an an DT work_i5jewootsnhvrcvfsugrmdljaa 49 12 adaptation adaptation NN work_i5jewootsnhvrcvfsugrmdljaa 49 13 of of IN work_i5jewootsnhvrcvfsugrmdljaa 49 14 the the DT work_i5jewootsnhvrcvfsugrmdljaa 49 15 short short JJ work_i5jewootsnhvrcvfsugrmdljaa 49 16 lived lived JJ work_i5jewootsnhvrcvfsugrmdljaa 49 17 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 49 18 model model NN work_i5jewootsnhvrcvfsugrmdljaa 49 19 used use VBN work_i5jewootsnhvrcvfsugrmdljaa 49 20 by by IN work_i5jewootsnhvrcvfsugrmdljaa 49 21 Brown Brown NNP work_i5jewootsnhvrcvfsugrmdljaa 49 22 and and CC work_i5jewootsnhvrcvfsugrmdljaa 49 23 Jennings Jennings NNP work_i5jewootsnhvrcvfsugrmdljaa 49 24 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 49 25 1989 1989 CD work_i5jewootsnhvrcvfsugrmdljaa 49 26 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 49 27 , , , work_i5jewootsnhvrcvfsugrmdljaa 49 28 Grundy Grundy NNP work_i5jewootsnhvrcvfsugrmdljaa 49 29 and and CC work_i5jewootsnhvrcvfsugrmdljaa 49 30 McNichols McNichols NNP work_i5jewootsnhvrcvfsugrmdljaa 49 31 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 49 32 1989 1989 CD work_i5jewootsnhvrcvfsugrmdljaa 49 33 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 49 34 , , , work_i5jewootsnhvrcvfsugrmdljaa 49 35 Allen Allen NNP work_i5jewootsnhvrcvfsugrmdljaa 49 36 , , , work_i5jewootsnhvrcvfsugrmdljaa 49 37 Morris Morris NNP work_i5jewootsnhvrcvfsugrmdljaa 49 38 and and CC work_i5jewootsnhvrcvfsugrmdljaa 49 39 Shin Shin NNP work_i5jewootsnhvrcvfsugrmdljaa 49 40 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 49 41 2003 2003 CD work_i5jewootsnhvrcvfsugrmdljaa 49 42 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 49 43 and and CC work_i5jewootsnhvrcvfsugrmdljaa 49 44 others other NNS work_i5jewootsnhvrcvfsugrmdljaa 49 45 . . . work_i5jewootsnhvrcvfsugrmdljaa 50 1 Specifying specify VBG work_i5jewootsnhvrcvfsugrmdljaa 50 2 the the DT work_i5jewootsnhvrcvfsugrmdljaa 50 3 model model NN work_i5jewootsnhvrcvfsugrmdljaa 50 4 will will MD work_i5jewootsnhvrcvfsugrmdljaa 50 5 also also RB work_i5jewootsnhvrcvfsugrmdljaa 50 6 provide provide VB work_i5jewootsnhvrcvfsugrmdljaa 50 7 us -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 50 8 with with IN work_i5jewootsnhvrcvfsugrmdljaa 50 9 terminology terminology NN work_i5jewootsnhvrcvfsugrmdljaa 50 10 and and CC work_i5jewootsnhvrcvfsugrmdljaa 50 11 notation notation NN work_i5jewootsnhvrcvfsugrmdljaa 50 12 used use VBN work_i5jewootsnhvrcvfsugrmdljaa 50 13 throughout throughout IN work_i5jewootsnhvrcvfsugrmdljaa 50 14 the the DT work_i5jewootsnhvrcvfsugrmdljaa 50 15 paper paper NN work_i5jewootsnhvrcvfsugrmdljaa 50 16 . . . work_i5jewootsnhvrcvfsugrmdljaa 51 1 There there EX work_i5jewootsnhvrcvfsugrmdljaa 51 2 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 51 3 a a DT work_i5jewootsnhvrcvfsugrmdljaa 51 4 unit unit NN work_i5jewootsnhvrcvfsugrmdljaa 51 5 mass mass NN work_i5jewootsnhvrcvfsugrmdljaa 51 6 of of IN work_i5jewootsnhvrcvfsugrmdljaa 51 7 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 51 8 , , , work_i5jewootsnhvrcvfsugrmdljaa 51 9 indexed index VBN work_i5jewootsnhvrcvfsugrmdljaa 51 10 by by IN work_i5jewootsnhvrcvfsugrmdljaa 51 11 the the DT work_i5jewootsnhvrcvfsugrmdljaa 51 12 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 51 13 0 0 CD work_i5jewootsnhvrcvfsugrmdljaa 51 14 , , , work_i5jewootsnhvrcvfsugrmdljaa 51 15 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 51 16 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 51 17 interval interval NN work_i5jewootsnhvrcvfsugrmdljaa 51 18 and and CC work_i5jewootsnhvrcvfsugrmdljaa 51 19 only only RB work_i5jewootsnhvrcvfsugrmdljaa 51 20 one one CD work_i5jewootsnhvrcvfsugrmdljaa 51 21 homogenous homogenous JJ work_i5jewootsnhvrcvfsugrmdljaa 51 22 aggregate aggregate JJ work_i5jewootsnhvrcvfsugrmdljaa 51 23 asset asset NN work_i5jewootsnhvrcvfsugrmdljaa 51 24 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 51 25 e.g. e.g. RB work_i5jewootsnhvrcvfsugrmdljaa 52 1 S&P500 s&p500 ADD work_i5jewootsnhvrcvfsugrmdljaa 52 2 index index NN work_i5jewootsnhvrcvfsugrmdljaa 52 3 fund fund NN work_i5jewootsnhvrcvfsugrmdljaa 52 4 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 52 5 with with IN work_i5jewootsnhvrcvfsugrmdljaa 52 6 unknown unknown JJ work_i5jewootsnhvrcvfsugrmdljaa 52 7 intrinsic intrinsic JJ work_i5jewootsnhvrcvfsugrmdljaa 52 8 value value NN work_i5jewootsnhvrcvfsugrmdljaa 52 9 Q. q. NN work_i5jewootsnhvrcvfsugrmdljaa 53 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 53 2 economy economy NN work_i5jewootsnhvrcvfsugrmdljaa 53 3 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 53 4 static static JJ work_i5jewootsnhvrcvfsugrmdljaa 53 5 with with IN work_i5jewootsnhvrcvfsugrmdljaa 53 6 one one CD work_i5jewootsnhvrcvfsugrmdljaa 53 7 period period NN work_i5jewootsnhvrcvfsugrmdljaa 53 8 divided divide VBN work_i5jewootsnhvrcvfsugrmdljaa 53 9 into into IN work_i5jewootsnhvrcvfsugrmdljaa 53 10 three three CD work_i5jewootsnhvrcvfsugrmdljaa 53 11 dates date NNS work_i5jewootsnhvrcvfsugrmdljaa 53 12 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 53 13 no no DT work_i5jewootsnhvrcvfsugrmdljaa 53 14 discounting discounting NN work_i5jewootsnhvrcvfsugrmdljaa 53 15 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 53 16 : : : work_i5jewootsnhvrcvfsugrmdljaa 53 17 in in IN work_i5jewootsnhvrcvfsugrmdljaa 53 18 dates date NNS work_i5jewootsnhvrcvfsugrmdljaa 53 19 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 53 20 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 53 21 first first RB work_i5jewootsnhvrcvfsugrmdljaa 53 22 receive receive VBP work_i5jewootsnhvrcvfsugrmdljaa 53 23 a a DT work_i5jewootsnhvrcvfsugrmdljaa 53 24 public public JJ work_i5jewootsnhvrcvfsugrmdljaa 53 25 and and CC work_i5jewootsnhvrcvfsugrmdljaa 53 26 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 53 27 signals signal NNS work_i5jewootsnhvrcvfsugrmdljaa 53 28 about about IN work_i5jewootsnhvrcvfsugrmdljaa 53 29 the the DT work_i5jewootsnhvrcvfsugrmdljaa 53 30 asset asset NN work_i5jewootsnhvrcvfsugrmdljaa 53 31 value value NN work_i5jewootsnhvrcvfsugrmdljaa 53 32 and and CC work_i5jewootsnhvrcvfsugrmdljaa 53 33 then then RB work_i5jewootsnhvrcvfsugrmdljaa 53 34 they -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 53 35 trade trade VBP work_i5jewootsnhvrcvfsugrmdljaa 53 36 . . . work_i5jewootsnhvrcvfsugrmdljaa 54 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 54 2 date date NN work_i5jewootsnhvrcvfsugrmdljaa 54 3 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 54 4 they -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 54 5 trade trade VBP work_i5jewootsnhvrcvfsugrmdljaa 54 6 again again RB work_i5jewootsnhvrcvfsugrmdljaa 54 7 . . . work_i5jewootsnhvrcvfsugrmdljaa 55 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 55 2 date date NN work_i5jewootsnhvrcvfsugrmdljaa 55 3 3 3 CD work_i5jewootsnhvrcvfsugrmdljaa 55 4 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 55 5 or or CC work_i5jewootsnhvrcvfsugrmdljaa 55 6 end end NN work_i5jewootsnhvrcvfsugrmdljaa 55 7 of of IN work_i5jewootsnhvrcvfsugrmdljaa 55 8 date date NN work_i5jewootsnhvrcvfsugrmdljaa 55 9 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 55 10 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 55 11 uncertainty uncertainty NN work_i5jewootsnhvrcvfsugrmdljaa 55 12 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 55 13 resolved resolve VBN work_i5jewootsnhvrcvfsugrmdljaa 55 14 , , , work_i5jewootsnhvrcvfsugrmdljaa 55 15 the the DT work_i5jewootsnhvrcvfsugrmdljaa 55 16 true true JJ work_i5jewootsnhvrcvfsugrmdljaa 55 17 liquidation liquidation NN work_i5jewootsnhvrcvfsugrmdljaa 55 18 value value NN work_i5jewootsnhvrcvfsugrmdljaa 55 19 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 55 20 of of IN work_i5jewootsnhvrcvfsugrmdljaa 55 21 the the DT work_i5jewootsnhvrcvfsugrmdljaa 55 22 asset asset NN work_i5jewootsnhvrcvfsugrmdljaa 55 23 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 55 24 revealed reveal VBN work_i5jewootsnhvrcvfsugrmdljaa 55 25 and and CC work_i5jewootsnhvrcvfsugrmdljaa 55 26 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 55 27 receive receive VBP work_i5jewootsnhvrcvfsugrmdljaa 55 28 this this DT work_i5jewootsnhvrcvfsugrmdljaa 55 29 value value NN work_i5jewootsnhvrcvfsugrmdljaa 55 30 for for IN work_i5jewootsnhvrcvfsugrmdljaa 55 31 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 55 32 holdings holding NNS work_i5jewootsnhvrcvfsugrmdljaa 55 33 . . . work_i5jewootsnhvrcvfsugrmdljaa 56 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 56 2 initial initial JJ work_i5jewootsnhvrcvfsugrmdljaa 56 3 information information NN work_i5jewootsnhvrcvfsugrmdljaa 56 4 of of IN work_i5jewootsnhvrcvfsugrmdljaa 56 5 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 56 6 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 56 7 that that IN work_i5jewootsnhvrcvfsugrmdljaa 56 8 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 56 9 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 56 10 distributed distribute VBN work_i5jewootsnhvrcvfsugrmdljaa 56 11 normally normally RB work_i5jewootsnhvrcvfsugrmdljaa 56 12 with with IN work_i5jewootsnhvrcvfsugrmdljaa 56 13 E(Q E(Q NNP work_i5jewootsnhvrcvfsugrmdljaa 56 14 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 56 15 = = NFP work_i5jewootsnhvrcvfsugrmdljaa 56 16 y y NN work_i5jewootsnhvrcvfsugrmdljaa 56 17 and and CC work_i5jewootsnhvrcvfsugrmdljaa 56 18 variance variance NN work_i5jewootsnhvrcvfsugrmdljaa 56 19 . . . work_i5jewootsnhvrcvfsugrmdljaa 57 1 At at IN work_i5jewootsnhvrcvfsugrmdljaa 57 2 date date NN work_i5jewootsnhvrcvfsugrmdljaa 57 3 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 57 4 each each DT work_i5jewootsnhvrcvfsugrmdljaa 57 5 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 57 6 also also RB work_i5jewootsnhvrcvfsugrmdljaa 57 7 observes observe VBZ work_i5jewootsnhvrcvfsugrmdljaa 57 8 a a DT work_i5jewootsnhvrcvfsugrmdljaa 57 9 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 57 10 signal signal NN work_i5jewootsnhvrcvfsugrmdljaa 57 11 about about IN work_i5jewootsnhvrcvfsugrmdljaa 57 12 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 57 13 , , , work_i5jewootsnhvrcvfsugrmdljaa 57 14 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 57 15 α α NNS work_i5jewootsnhvrcvfsugrmdljaa 57 16 x x NN work_i5jewootsnhvrcvfsugrmdljaa 57 17 i i NN work_i5jewootsnhvrcvfsugrmdljaa 57 18 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 57 19 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 57 20 % % NN work_i5jewootsnhvrcvfsugrmdljaa 57 21 εi εi NN work_i5jewootsnhvrcvfsugrmdljaa 57 22 where where WRB work_i5jewootsnhvrcvfsugrmdljaa 57 23 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 57 24 , , , work_i5jewootsnhvrcvfsugrmdljaa 57 25 independently independently RB work_i5jewootsnhvrcvfsugrmdljaa 57 26 normally normally RB work_i5jewootsnhvrcvfsugrmdljaa 57 27 distributed distribute VBN work_i5jewootsnhvrcvfsugrmdljaa 57 28 across across IN work_i5jewootsnhvrcvfsugrmdljaa 57 29 all all DT work_i5jewootsnhvrcvfsugrmdljaa 57 30 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 57 31 with with IN work_i5jewootsnhvrcvfsugrmdljaa 57 32 mean mean NNP work_i5jewootsnhvrcvfsugrmdljaa 57 33 0 0 CD work_i5jewootsnhvrcvfsugrmdljaa 57 34 and and CC work_i5jewootsnhvrcvfsugrmdljaa 57 35 variance variance NN work_i5jewootsnhvrcvfsugrmdljaa 57 36 . . . work_i5jewootsnhvrcvfsugrmdljaa 58 1 Since since IN work_i5jewootsnhvrcvfsugrmdljaa 58 2 theseεi theseεi NN work_i5jewootsnhvrcvfsugrmdljaa 58 3 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 58 4 β β NN work_i5jewootsnhvrcvfsugrmdljaa 58 5 facts fact NNS work_i5jewootsnhvrcvfsugrmdljaa 58 6 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 58 7 common common JJ work_i5jewootsnhvrcvfsugrmdljaa 58 8 knowledge knowledge NN work_i5jewootsnhvrcvfsugrmdljaa 58 9 , , , work_i5jewootsnhvrcvfsugrmdljaa 58 10 agents agent NNS work_i5jewootsnhvrcvfsugrmdljaa 58 11 know know VBP work_i5jewootsnhvrcvfsugrmdljaa 58 12 that that IN work_i5jewootsnhvrcvfsugrmdljaa 58 13 the the DT work_i5jewootsnhvrcvfsugrmdljaa 58 14 true true JJ work_i5jewootsnhvrcvfsugrmdljaa 58 15 unknown unknown JJ work_i5jewootsnhvrcvfsugrmdljaa 58 16 value value NN work_i5jewootsnhvrcvfsugrmdljaa 58 17 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 58 18 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 58 19 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 58 20 in in IN work_i5jewootsnhvrcvfsugrmdljaa 58 21 the the DT work_i5jewootsnhvrcvfsugrmdljaa 58 22 market market NN work_i5jewootsnhvrcvfsugrmdljaa 58 23 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 58 24 at at IN work_i5jewootsnhvrcvfsugrmdljaa 58 25 all all DT work_i5jewootsnhvrcvfsugrmdljaa 58 26 4 4 CD work_i5jewootsnhvrcvfsugrmdljaa 58 27 time time NN work_i5jewootsnhvrcvfsugrmdljaa 58 28 since since IN work_i5jewootsnhvrcvfsugrmdljaa 58 29 by by IN work_i5jewootsnhvrcvfsugrmdljaa 58 30 the the DT work_i5jewootsnhvrcvfsugrmdljaa 58 31 law law NN work_i5jewootsnhvrcvfsugrmdljaa 58 32 of of IN work_i5jewootsnhvrcvfsugrmdljaa 58 33 large large JJ work_i5jewootsnhvrcvfsugrmdljaa 58 34 numbers number NNS work_i5jewootsnhvrcvfsugrmdljaa 58 35 the the DT work_i5jewootsnhvrcvfsugrmdljaa 58 36 mean mean NN work_i5jewootsnhvrcvfsugrmdljaa 58 37 of of IN work_i5jewootsnhvrcvfsugrmdljaa 58 38 all all DT work_i5jewootsnhvrcvfsugrmdljaa 58 39 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 58 40 signals signal NNS work_i5jewootsnhvrcvfsugrmdljaa 58 41 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 58 42 the the DT work_i5jewootsnhvrcvfsugrmdljaa 58 43 future future JJ work_i5jewootsnhvrcvfsugrmdljaa 58 44 value value NN work_i5jewootsnhvrcvfsugrmdljaa 58 45 Q. q. NN work_i5jewootsnhvrcvfsugrmdljaa 59 1 All all DT work_i5jewootsnhvrcvfsugrmdljaa 59 2 have have VBP work_i5jewootsnhvrcvfsugrmdljaa 59 3 the the DT work_i5jewootsnhvrcvfsugrmdljaa 59 4 same same JJ work_i5jewootsnhvrcvfsugrmdljaa 59 5 CARA CARA NNP work_i5jewootsnhvrcvfsugrmdljaa 59 6 utility utility NN work_i5jewootsnhvrcvfsugrmdljaa 59 7 over over IN work_i5jewootsnhvrcvfsugrmdljaa 59 8 wealth wealth NN work_i5jewootsnhvrcvfsugrmdljaa 59 9 W W NNP work_i5jewootsnhvrcvfsugrmdljaa 59 10 , , , work_i5jewootsnhvrcvfsugrmdljaa 59 11 with with IN work_i5jewootsnhvrcvfsugrmdljaa 59 12 constant constant JJ work_i5jewootsnhvrcvfsugrmdljaa 59 13 absolute absolute JJ work_i5jewootsnhvrcvfsugrmdljaa 59 14 coefficient coefficient NN work_i5jewootsnhvrcvfsugrmdljaa 59 15 of of IN work_i5jewootsnhvrcvfsugrmdljaa 59 16 risk risk NN work_i5jewootsnhvrcvfsugrmdljaa 59 17 aversion aversion NN work_i5jewootsnhvrcvfsugrmdljaa 59 18 . . . work_i5jewootsnhvrcvfsugrmdljaa 60 1 They -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 60 2 maximize maximize VBP work_i5jewootsnhvrcvfsugrmdljaa 60 3 expected expected JJ work_i5jewootsnhvrcvfsugrmdljaa 60 4 utility utility NN work_i5jewootsnhvrcvfsugrmdljaa 60 5 where where WRB work_i5jewootsnhvrcvfsugrmdljaa 60 6 . . . work_i5jewootsnhvrcvfsugrmdljaa 61 1 Trader Trader NNP work_i5jewootsnhvrcvfsugrmdljaa 61 2 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 61 3 starts start VBZ work_i5jewootsnhvrcvfsugrmdljaa 61 4 withu(W withu(w PRP work_i5jewootsnhvrcvfsugrmdljaa 61 5 i i NN work_i5jewootsnhvrcvfsugrmdljaa 61 6 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 61 7 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 61 8 & & CC work_i5jewootsnhvrcvfsugrmdljaa 61 9 e e NNP work_i5jewootsnhvrcvfsugrmdljaa 61 10 & & CC work_i5jewootsnhvrcvfsugrmdljaa 61 11 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 61 12 W w NN work_i5jewootsnhvrcvfsugrmdljaa 61 13 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 61 14 /τ /τ VBP work_i5jewootsnhvrcvfsugrmdljaa 61 15 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 61 16 W w NN work_i5jewootsnhvrcvfsugrmdljaa 61 17 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 61 18 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 61 19 S s UH work_i5jewootsnhvrcvfsugrmdljaa 61 20 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 61 21 p1%D p1%d VBP work_i5jewootsnhvrcvfsugrmdljaa 61 22 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 61 23 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 61 24 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 61 25 p2&p1 p2&p1 NNP work_i5jewootsnhvrcvfsugrmdljaa 61 26 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 61 27 % % NN work_i5jewootsnhvrcvfsugrmdljaa 61 28 D d NN work_i5jewootsnhvrcvfsugrmdljaa 61 29 i i NN work_i5jewootsnhvrcvfsugrmdljaa 61 30 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 61 31 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 61 32 Q&p2 Q&p2 NNP work_i5jewootsnhvrcvfsugrmdljaa 61 33 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 61 34 Si Si NNP work_i5jewootsnhvrcvfsugrmdljaa 61 35 units unit NNS work_i5jewootsnhvrcvfsugrmdljaa 61 36 of of IN work_i5jewootsnhvrcvfsugrmdljaa 61 37 the the DT work_i5jewootsnhvrcvfsugrmdljaa 61 38 aggregate aggregate JJ work_i5jewootsnhvrcvfsugrmdljaa 61 39 asset asset NN work_i5jewootsnhvrcvfsugrmdljaa 61 40 and and CC work_i5jewootsnhvrcvfsugrmdljaa 61 41 can can MD work_i5jewootsnhvrcvfsugrmdljaa 61 42 borrow borrow VB work_i5jewootsnhvrcvfsugrmdljaa 61 43 at at IN work_i5jewootsnhvrcvfsugrmdljaa 61 44 zero zero CD work_i5jewootsnhvrcvfsugrmdljaa 61 45 interest interest NN work_i5jewootsnhvrcvfsugrmdljaa 61 46 to to TO work_i5jewootsnhvrcvfsugrmdljaa 61 47 finance finance VB work_i5jewootsnhvrcvfsugrmdljaa 61 48 trading trading NN work_i5jewootsnhvrcvfsugrmdljaa 61 49 in in IN work_i5jewootsnhvrcvfsugrmdljaa 61 50 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 61 51 . . . work_i5jewootsnhvrcvfsugrmdljaa 62 1 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 62 2 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 62 3 ’s ’s . work_i5jewootsnhvrcvfsugrmdljaa 62 4 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 62 5 D d NN work_i5jewootsnhvrcvfsugrmdljaa 62 6 i i NN work_i5jewootsnhvrcvfsugrmdljaa 62 7 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 62 8 , , , work_i5jewootsnhvrcvfsugrmdljaa 62 9 D D NNP work_i5jewootsnhvrcvfsugrmdljaa 62 10 i i NN work_i5jewootsnhvrcvfsugrmdljaa 62 11 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 62 12 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 62 13 demands demand NNS work_i5jewootsnhvrcvfsugrmdljaa 62 14 in in IN work_i5jewootsnhvrcvfsugrmdljaa 62 15 the the DT work_i5jewootsnhvrcvfsugrmdljaa 62 16 first first JJ work_i5jewootsnhvrcvfsugrmdljaa 62 17 and and CC work_i5jewootsnhvrcvfsugrmdljaa 62 18 second second JJ work_i5jewootsnhvrcvfsugrmdljaa 62 19 rounds round NNS work_i5jewootsnhvrcvfsugrmdljaa 62 20 and and CC work_i5jewootsnhvrcvfsugrmdljaa 62 21 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 62 22 market market NN work_i5jewootsnhvrcvfsugrmdljaa 62 23 prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 62 24 in in IN work_i5jewootsnhvrcvfsugrmdljaa 62 25 the the DT work_i5jewootsnhvrcvfsugrmdljaa 62 26 two two CD work_i5jewootsnhvrcvfsugrmdljaa 62 27 rounds round NNS work_i5jewootsnhvrcvfsugrmdljaa 62 28 . . . work_i5jewootsnhvrcvfsugrmdljaa 63 1 Aggregate Aggregate NNP work_i5jewootsnhvrcvfsugrmdljaa 63 2 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 63 3 p1 p1 NN work_i5jewootsnhvrcvfsugrmdljaa 63 4 , , , work_i5jewootsnhvrcvfsugrmdljaa 63 5 p2 p2 NN work_i5jewootsnhvrcvfsugrmdljaa 63 6 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 63 7 supplies supply NNS work_i5jewootsnhvrcvfsugrmdljaa 63 8 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 63 9 S1 s1 UH work_i5jewootsnhvrcvfsugrmdljaa 63 10 , , , work_i5jewootsnhvrcvfsugrmdljaa 63 11 S2 S2 NNP work_i5jewootsnhvrcvfsugrmdljaa 63 12 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 63 13 of of IN work_i5jewootsnhvrcvfsugrmdljaa 63 14 ownership ownership NN work_i5jewootsnhvrcvfsugrmdljaa 63 15 shares share NNS work_i5jewootsnhvrcvfsugrmdljaa 63 16 traded trade VBN work_i5jewootsnhvrcvfsugrmdljaa 63 17 in in IN work_i5jewootsnhvrcvfsugrmdljaa 63 18 each each DT work_i5jewootsnhvrcvfsugrmdljaa 63 19 of of IN work_i5jewootsnhvrcvfsugrmdljaa 63 20 the the DT work_i5jewootsnhvrcvfsugrmdljaa 63 21 rounds round NNS work_i5jewootsnhvrcvfsugrmdljaa 63 22 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 63 23 random random JJ work_i5jewootsnhvrcvfsugrmdljaa 63 24 , , , work_i5jewootsnhvrcvfsugrmdljaa 63 25 unobserved unobserved JJ work_i5jewootsnhvrcvfsugrmdljaa 63 26 and and CC work_i5jewootsnhvrcvfsugrmdljaa 63 27 normally normally RB work_i5jewootsnhvrcvfsugrmdljaa 63 28 distributed distribute VBN work_i5jewootsnhvrcvfsugrmdljaa 63 29 . . . work_i5jewootsnhvrcvfsugrmdljaa 64 1 This this DT work_i5jewootsnhvrcvfsugrmdljaa 64 2 noise noise NN work_i5jewootsnhvrcvfsugrmdljaa 64 3 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 64 4 crucial crucial JJ work_i5jewootsnhvrcvfsugrmdljaa 64 5 since since IN work_i5jewootsnhvrcvfsugrmdljaa 64 6 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 64 7 ensures ensure VBZ work_i5jewootsnhvrcvfsugrmdljaa 64 8 that that IN work_i5jewootsnhvrcvfsugrmdljaa 64 9 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 64 10 can can MD work_i5jewootsnhvrcvfsugrmdljaa 64 11 not not RB work_i5jewootsnhvrcvfsugrmdljaa 64 12 deduce deduce VB work_i5jewootsnhvrcvfsugrmdljaa 64 13 from from IN work_i5jewootsnhvrcvfsugrmdljaa 64 14 prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 64 15 the the DT work_i5jewootsnhvrcvfsugrmdljaa 64 16 true true JJ work_i5jewootsnhvrcvfsugrmdljaa 64 17 value value NN work_i5jewootsnhvrcvfsugrmdljaa 64 18 of of IN work_i5jewootsnhvrcvfsugrmdljaa 64 19 Q. Q. NNP work_i5jewootsnhvrcvfsugrmdljaa 65 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 65 2 a a DT work_i5jewootsnhvrcvfsugrmdljaa 65 3 noisy noisy JJ work_i5jewootsnhvrcvfsugrmdljaa 65 4 Rational Rational NNP work_i5jewootsnhvrcvfsugrmdljaa 65 5 Expectations Expectations NNPS work_i5jewootsnhvrcvfsugrmdljaa 65 6 Equilibrium Equilibrium NNP work_i5jewootsnhvrcvfsugrmdljaa 65 7 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 65 8 in in IN work_i5jewootsnhvrcvfsugrmdljaa 65 9 short short JJ work_i5jewootsnhvrcvfsugrmdljaa 65 10 , , , work_i5jewootsnhvrcvfsugrmdljaa 65 11 REE ree NN work_i5jewootsnhvrcvfsugrmdljaa 65 12 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 65 13 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 65 14 maximize maximize VBP work_i5jewootsnhvrcvfsugrmdljaa 65 15 expected expected JJ work_i5jewootsnhvrcvfsugrmdljaa 65 16 utility utility NN work_i5jewootsnhvrcvfsugrmdljaa 65 17 while while IN work_i5jewootsnhvrcvfsugrmdljaa 65 18 markets market NNS work_i5jewootsnhvrcvfsugrmdljaa 65 19 clear clear JJ work_i5jewootsnhvrcvfsugrmdljaa 65 20 after after IN work_i5jewootsnhvrcvfsugrmdljaa 65 21 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 65 22 deduce deduce VBP work_i5jewootsnhvrcvfsugrmdljaa 65 23 from from IN work_i5jewootsnhvrcvfsugrmdljaa 65 24 prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 65 25 all all DT work_i5jewootsnhvrcvfsugrmdljaa 65 26 possible possible JJ work_i5jewootsnhvrcvfsugrmdljaa 65 27 information information NN work_i5jewootsnhvrcvfsugrmdljaa 65 28 . . . work_i5jewootsnhvrcvfsugrmdljaa 66 1 Indeed indeed RB work_i5jewootsnhvrcvfsugrmdljaa 66 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 66 3 Brown Brown NNP work_i5jewootsnhvrcvfsugrmdljaa 66 4 and and CC work_i5jewootsnhvrcvfsugrmdljaa 66 5 Jennings Jennings NNP work_i5jewootsnhvrcvfsugrmdljaa 66 6 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 66 7 1989 1989 CD work_i5jewootsnhvrcvfsugrmdljaa 66 8 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 66 9 show show VBP work_i5jewootsnhvrcvfsugrmdljaa 66 10 equilibrium equilibrium NN work_i5jewootsnhvrcvfsugrmdljaa 66 11 price price NN work_i5jewootsnhvrcvfsugrmdljaa 66 12 at at IN work_i5jewootsnhvrcvfsugrmdljaa 66 13 date date NN work_i5jewootsnhvrcvfsugrmdljaa 66 14 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 66 15 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 66 16 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 66 17 1a 1a CD work_i5jewootsnhvrcvfsugrmdljaa 66 18 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 66 19 p1 p1 NN work_i5jewootsnhvrcvfsugrmdljaa 66 20 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 66 21 κ1 κ1 NN work_i5jewootsnhvrcvfsugrmdljaa 66 22 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 66 23 λ1y λ1y NNP work_i5jewootsnhvrcvfsugrmdljaa 66 24 % % NN work_i5jewootsnhvrcvfsugrmdljaa 66 25 μ1 μ1 NN work_i5jewootsnhvrcvfsugrmdljaa 66 26 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 66 27 & & CC work_i5jewootsnhvrcvfsugrmdljaa 66 28 S1 S1 NNP work_i5jewootsnhvrcvfsugrmdljaa 66 29 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 66 30 and and CC work_i5jewootsnhvrcvfsugrmdljaa 66 31 since since IN work_i5jewootsnhvrcvfsugrmdljaa 66 32 S1 s1 NN work_i5jewootsnhvrcvfsugrmdljaa 66 33 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 66 34 normally normally RB work_i5jewootsnhvrcvfsugrmdljaa 66 35 distributed distribute VBN work_i5jewootsnhvrcvfsugrmdljaa 66 36 p1 p1 NN work_i5jewootsnhvrcvfsugrmdljaa 66 37 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 66 38 also also RB work_i5jewootsnhvrcvfsugrmdljaa 66 39 normally normally RB work_i5jewootsnhvrcvfsugrmdljaa 66 40 distributed distribute VBN work_i5jewootsnhvrcvfsugrmdljaa 66 41 . . . work_i5jewootsnhvrcvfsugrmdljaa 67 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 67 2 1a 1a NNP work_i5jewootsnhvrcvfsugrmdljaa 67 3 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 67 4 shows show VBZ work_i5jewootsnhvrcvfsugrmdljaa 67 5 that that IN work_i5jewootsnhvrcvfsugrmdljaa 67 6 since since IN work_i5jewootsnhvrcvfsugrmdljaa 67 7 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 67 8 and and CC work_i5jewootsnhvrcvfsugrmdljaa 67 9 S1 S1 NNS work_i5jewootsnhvrcvfsugrmdljaa 67 10 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 67 11 both both RB work_i5jewootsnhvrcvfsugrmdljaa 67 12 unknown unknown JJ work_i5jewootsnhvrcvfsugrmdljaa 67 13 , , , work_i5jewootsnhvrcvfsugrmdljaa 67 14 prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 67 15 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 67 16 not not RB work_i5jewootsnhvrcvfsugrmdljaa 67 17 fully fully RB work_i5jewootsnhvrcvfsugrmdljaa 67 18 revealing reveal VBG work_i5jewootsnhvrcvfsugrmdljaa 67 19 . . . work_i5jewootsnhvrcvfsugrmdljaa 68 1 Since since IN work_i5jewootsnhvrcvfsugrmdljaa 68 2 over over IN work_i5jewootsnhvrcvfsugrmdljaa 68 3 trading trading NN work_i5jewootsnhvrcvfsugrmdljaa 68 4 dates date NNS work_i5jewootsnhvrcvfsugrmdljaa 68 5 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 68 6 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 68 7 fixed fix VBN work_i5jewootsnhvrcvfsugrmdljaa 68 8 , , , work_i5jewootsnhvrcvfsugrmdljaa 68 9 more more JJR work_i5jewootsnhvrcvfsugrmdljaa 68 10 rounds round NNS work_i5jewootsnhvrcvfsugrmdljaa 68 11 of of IN work_i5jewootsnhvrcvfsugrmdljaa 68 12 trading trading NN work_i5jewootsnhvrcvfsugrmdljaa 68 13 generate generate VBP work_i5jewootsnhvrcvfsugrmdljaa 68 14 more more JJR work_i5jewootsnhvrcvfsugrmdljaa 68 15 price price NN work_i5jewootsnhvrcvfsugrmdljaa 68 16 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 68 17 from from IN work_i5jewootsnhvrcvfsugrmdljaa 68 18 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 68 19 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 68 20 deduce deduce VBP work_i5jewootsnhvrcvfsugrmdljaa 68 21 added add VBD work_i5jewootsnhvrcvfsugrmdljaa 68 22 information information NN work_i5jewootsnhvrcvfsugrmdljaa 68 23 about about IN work_i5jewootsnhvrcvfsugrmdljaa 68 24 Q. Q. NNP work_i5jewootsnhvrcvfsugrmdljaa 69 1 But but CC work_i5jewootsnhvrcvfsugrmdljaa 69 2 with with IN work_i5jewootsnhvrcvfsugrmdljaa 69 3 additional additional JJ work_i5jewootsnhvrcvfsugrmdljaa 69 4 supply supply NN work_i5jewootsnhvrcvfsugrmdljaa 69 5 shocks shock VBZ work_i5jewootsnhvrcvfsugrmdljaa 69 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 69 7 inference inference NN work_i5jewootsnhvrcvfsugrmdljaa 69 8 problem problem NN work_i5jewootsnhvrcvfsugrmdljaa 69 9 becomes become VBZ work_i5jewootsnhvrcvfsugrmdljaa 69 10 more more RBR work_i5jewootsnhvrcvfsugrmdljaa 69 11 complicated complicated JJ work_i5jewootsnhvrcvfsugrmdljaa 69 12 . . . work_i5jewootsnhvrcvfsugrmdljaa 70 1 That that RB work_i5jewootsnhvrcvfsugrmdljaa 70 2 is is RB work_i5jewootsnhvrcvfsugrmdljaa 70 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 70 4 at at IN work_i5jewootsnhvrcvfsugrmdljaa 70 5 date date NN work_i5jewootsnhvrcvfsugrmdljaa 70 6 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 70 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 70 8 price price NN work_i5jewootsnhvrcvfsugrmdljaa 70 9 p2 p2 NN work_i5jewootsnhvrcvfsugrmdljaa 70 10 contains contain VBZ work_i5jewootsnhvrcvfsugrmdljaa 70 11 more more JJR work_i5jewootsnhvrcvfsugrmdljaa 70 12 information information NN work_i5jewootsnhvrcvfsugrmdljaa 70 13 about about IN work_i5jewootsnhvrcvfsugrmdljaa 70 14 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 70 15 but but CC work_i5jewootsnhvrcvfsugrmdljaa 70 16 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 70 17 depends depend VBZ work_i5jewootsnhvrcvfsugrmdljaa 70 18 upon upon IN work_i5jewootsnhvrcvfsugrmdljaa 70 19 two two CD work_i5jewootsnhvrcvfsugrmdljaa 70 20 unobserved unobserved JJ work_i5jewootsnhvrcvfsugrmdljaa 70 21 noise noise NN work_i5jewootsnhvrcvfsugrmdljaa 70 22 shocks shock NNS work_i5jewootsnhvrcvfsugrmdljaa 70 23 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 70 24 S1 s1 UH work_i5jewootsnhvrcvfsugrmdljaa 70 25 , , , work_i5jewootsnhvrcvfsugrmdljaa 70 26 S2 S2 NNP work_i5jewootsnhvrcvfsugrmdljaa 70 27 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 70 28 . . . work_i5jewootsnhvrcvfsugrmdljaa 71 1 Hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 71 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 71 3 as as IN work_i5jewootsnhvrcvfsugrmdljaa 71 4 in in IN work_i5jewootsnhvrcvfsugrmdljaa 71 5 Brown Brown NNP work_i5jewootsnhvrcvfsugrmdljaa 71 6 and and CC work_i5jewootsnhvrcvfsugrmdljaa 71 7 Jennings Jennings NNP work_i5jewootsnhvrcvfsugrmdljaa 71 8 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 71 9 1989 1989 CD work_i5jewootsnhvrcvfsugrmdljaa 71 10 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 71 11 , , , work_i5jewootsnhvrcvfsugrmdljaa 71 12 the the DT work_i5jewootsnhvrcvfsugrmdljaa 71 13 price price NN work_i5jewootsnhvrcvfsugrmdljaa 71 14 function function NN work_i5jewootsnhvrcvfsugrmdljaa 71 15 takes take VBZ work_i5jewootsnhvrcvfsugrmdljaa 71 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 71 17 form form NN work_i5jewootsnhvrcvfsugrmdljaa 71 18 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 71 19 1b 1b NN work_i5jewootsnhvrcvfsugrmdljaa 71 20 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 71 21 .p2 .p2 . work_i5jewootsnhvrcvfsugrmdljaa 71 22 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 71 23 κ̂2 κ̂2 NN work_i5jewootsnhvrcvfsugrmdljaa 71 24 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 71 25 λ̂2y λ̂2y NNP work_i5jewootsnhvrcvfsugrmdljaa 71 26 % % NN work_i5jewootsnhvrcvfsugrmdljaa 71 27 μ̂2 μ̂2 . work_i5jewootsnhvrcvfsugrmdljaa 71 28 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 71 29 & & CC work_i5jewootsnhvrcvfsugrmdljaa 71 30 S2 S2 NNP work_i5jewootsnhvrcvfsugrmdljaa 71 31 % % NN work_i5jewootsnhvrcvfsugrmdljaa 71 32 ψS1 ψS1 NNS work_i5jewootsnhvrcvfsugrmdljaa 71 33 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 71 34 Since since IN work_i5jewootsnhvrcvfsugrmdljaa 71 35 the the DT work_i5jewootsnhvrcvfsugrmdljaa 71 36 realized realize VBN work_i5jewootsnhvrcvfsugrmdljaa 71 37 noise noise NN work_i5jewootsnhvrcvfsugrmdljaa 71 38 S1 S1 NNS work_i5jewootsnhvrcvfsugrmdljaa 71 39 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 71 40 not not RB work_i5jewootsnhvrcvfsugrmdljaa 71 41 known know VBN work_i5jewootsnhvrcvfsugrmdljaa 71 42 at at IN work_i5jewootsnhvrcvfsugrmdljaa 71 43 date date NN work_i5jewootsnhvrcvfsugrmdljaa 71 44 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 71 45 , , , work_i5jewootsnhvrcvfsugrmdljaa 71 46 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 71 47 condition condition NN work_i5jewootsnhvrcvfsugrmdljaa 71 48 on on IN work_i5jewootsnhvrcvfsugrmdljaa 71 49 the the DT work_i5jewootsnhvrcvfsugrmdljaa 71 50 known know VBN work_i5jewootsnhvrcvfsugrmdljaa 71 51 price price NN work_i5jewootsnhvrcvfsugrmdljaa 71 52 p1 p1 NN work_i5jewootsnhvrcvfsugrmdljaa 71 53 to to TO work_i5jewootsnhvrcvfsugrmdljaa 71 54 infer infer VB work_i5jewootsnhvrcvfsugrmdljaa 71 55 the the DT work_i5jewootsnhvrcvfsugrmdljaa 71 56 information information NN work_i5jewootsnhvrcvfsugrmdljaa 71 57 about about IN work_i5jewootsnhvrcvfsugrmdljaa 71 58 S1 S1 NNS work_i5jewootsnhvrcvfsugrmdljaa 71 59 . . . work_i5jewootsnhvrcvfsugrmdljaa 72 1 They -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 72 2 thus thus RB work_i5jewootsnhvrcvfsugrmdljaa 72 3 use use VBP work_i5jewootsnhvrcvfsugrmdljaa 72 4 a a DT work_i5jewootsnhvrcvfsugrmdljaa 72 5 date date NN work_i5jewootsnhvrcvfsugrmdljaa 72 6 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 72 7 price price NN work_i5jewootsnhvrcvfsugrmdljaa 72 8 function function NN work_i5jewootsnhvrcvfsugrmdljaa 72 9 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 72 10 takes take VBZ work_i5jewootsnhvrcvfsugrmdljaa 72 11 an an DT work_i5jewootsnhvrcvfsugrmdljaa 72 12 equivalent equivalent JJ work_i5jewootsnhvrcvfsugrmdljaa 72 13 form form NN work_i5jewootsnhvrcvfsugrmdljaa 72 14 .p2 .p2 . work_i5jewootsnhvrcvfsugrmdljaa 72 15 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 72 16 κ2 κ2 NN work_i5jewootsnhvrcvfsugrmdljaa 72 17 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 72 18 λ2y λ2y HYPH work_i5jewootsnhvrcvfsugrmdljaa 72 19 % % NN work_i5jewootsnhvrcvfsugrmdljaa 72 20 μ2 μ2 NN work_i5jewootsnhvrcvfsugrmdljaa 72 21 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 72 22 & & CC work_i5jewootsnhvrcvfsugrmdljaa 72 23 S2 S2 NNP work_i5jewootsnhvrcvfsugrmdljaa 72 24 % % NN work_i5jewootsnhvrcvfsugrmdljaa 72 25 ξ21 ξ21 NN work_i5jewootsnhvrcvfsugrmdljaa 72 26 p1 p1 NN work_i5jewootsnhvrcvfsugrmdljaa 72 27 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 72 28 Using use VBG work_i5jewootsnhvrcvfsugrmdljaa 72 29 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 72 30 1a 1a CD work_i5jewootsnhvrcvfsugrmdljaa 72 31 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 72 32 equivalence equivalence NN work_i5jewootsnhvrcvfsugrmdljaa 72 33 implies imply VBZ work_i5jewootsnhvrcvfsugrmdljaa 72 34 that that IN work_i5jewootsnhvrcvfsugrmdljaa 72 35 Denoteκ Denoteκ NNP work_i5jewootsnhvrcvfsugrmdljaa 72 36 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 72 37 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 72 38 κ̂ κ̂ NNP work_i5jewootsnhvrcvfsugrmdljaa 72 39 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 72 40 , , , work_i5jewootsnhvrcvfsugrmdljaa 72 41 λ λ NNP work_i5jewootsnhvrcvfsugrmdljaa 72 42 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 72 43 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 72 44 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 72 45 λ̂ λ̂ NNP work_i5jewootsnhvrcvfsugrmdljaa 72 46 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 72 47 % % NN work_i5jewootsnhvrcvfsugrmdljaa 72 48 λ λ CD work_i5jewootsnhvrcvfsugrmdljaa 72 49 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 72 50 ψ ψ CD work_i5jewootsnhvrcvfsugrmdljaa 72 51 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 72 52 , , , work_i5jewootsnhvrcvfsugrmdljaa 72 53 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 72 54 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 72 55 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 72 56 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 72 57 μ̂ μ̂ NNP work_i5jewootsnhvrcvfsugrmdljaa 72 58 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 72 59 % % NN work_i5jewootsnhvrcvfsugrmdljaa 72 60 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 72 61 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 72 62 ψ ψ NNP work_i5jewootsnhvrcvfsugrmdljaa 72 63 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 72 64 and and CC work_i5jewootsnhvrcvfsugrmdljaa 72 65 ξ ξ NNP work_i5jewootsnhvrcvfsugrmdljaa 72 66 21 21 CD work_i5jewootsnhvrcvfsugrmdljaa 72 67 ' ' CD work_i5jewootsnhvrcvfsugrmdljaa 72 68 & & CC work_i5jewootsnhvrcvfsugrmdljaa 72 69 ψ ψ NNP work_i5jewootsnhvrcvfsugrmdljaa 72 70 κ1 κ1 NNP work_i5jewootsnhvrcvfsugrmdljaa 72 71 . . . work_i5jewootsnhvrcvfsugrmdljaa 73 1 by by IN work_i5jewootsnhvrcvfsugrmdljaa 73 2 the the DT work_i5jewootsnhvrcvfsugrmdljaa 73 3 information information NN work_i5jewootsnhvrcvfsugrmdljaa 73 4 of of IN work_i5jewootsnhvrcvfsugrmdljaa 73 5 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 73 6 in in IN work_i5jewootsnhvrcvfsugrmdljaa 73 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 73 8 two two CD work_i5jewootsnhvrcvfsugrmdljaa 73 9 rounds round NNS work_i5jewootsnhvrcvfsugrmdljaa 73 10 . . . work_i5jewootsnhvrcvfsugrmdljaa 74 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 74 2 linearity linearity NN work_i5jewootsnhvrcvfsugrmdljaa 74 3 of of IN work_i5jewootsnhvrcvfsugrmdljaa 74 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 74 5 equilibrium equilibrium NN work_i5jewootsnhvrcvfsugrmdljaa 74 6 price price NN work_i5jewootsnhvrcvfsugrmdljaa 74 7 map map NN work_i5jewootsnhvrcvfsugrmdljaa 74 8 implies imply VBZ work_i5jewootsnhvrcvfsugrmdljaa 74 9 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 74 10 H h NN work_i5jewootsnhvrcvfsugrmdljaa 74 11 i i NN work_i5jewootsnhvrcvfsugrmdljaa 74 12 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 74 13 , , , work_i5jewootsnhvrcvfsugrmdljaa 74 14 H h NN work_i5jewootsnhvrcvfsugrmdljaa 74 15 i i NN work_i5jewootsnhvrcvfsugrmdljaa 74 16 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 74 17 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 74 18 that that IN work_i5jewootsnhvrcvfsugrmdljaa 74 19 the the DT work_i5jewootsnhvrcvfsugrmdljaa 74 20 payoff payoff NN work_i5jewootsnhvrcvfsugrmdljaa 74 21 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 74 22 normally normally RB work_i5jewootsnhvrcvfsugrmdljaa 74 23 distributed distribute VBN work_i5jewootsnhvrcvfsugrmdljaa 74 24 . . . work_i5jewootsnhvrcvfsugrmdljaa 75 1 Brown Brown NNP work_i5jewootsnhvrcvfsugrmdljaa 75 2 and and CC work_i5jewootsnhvrcvfsugrmdljaa 75 3 Jennings Jennings NNP work_i5jewootsnhvrcvfsugrmdljaa 75 4 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 75 5 1989 1989 CD work_i5jewootsnhvrcvfsugrmdljaa 75 6 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 75 7 then then RB work_i5jewootsnhvrcvfsugrmdljaa 75 8 show show VBP work_i5jewootsnhvrcvfsugrmdljaa 75 9 in in IN work_i5jewootsnhvrcvfsugrmdljaa 75 10 Appendix Appendix NNP work_i5jewootsnhvrcvfsugrmdljaa 75 11 A A NNP work_i5jewootsnhvrcvfsugrmdljaa 75 12 that that IN work_i5jewootsnhvrcvfsugrmdljaa 75 13 there there EX work_i5jewootsnhvrcvfsugrmdljaa 75 14 exist exist VBP work_i5jewootsnhvrcvfsugrmdljaa 75 15 constants constant NNS work_i5jewootsnhvrcvfsugrmdljaa 75 16 determined determine VBN work_i5jewootsnhvrcvfsugrmdljaa 75 17 by by IN work_i5jewootsnhvrcvfsugrmdljaa 75 18 the the DT work_i5jewootsnhvrcvfsugrmdljaa 75 19 covariance covariance NN work_i5jewootsnhvrcvfsugrmdljaa 75 20 matrix matrix NN work_i5jewootsnhvrcvfsugrmdljaa 75 21 of of IN work_i5jewootsnhvrcvfsugrmdljaa 75 22 the the DT work_i5jewootsnhvrcvfsugrmdljaa 75 23 model model NN work_i5jewootsnhvrcvfsugrmdljaa 75 24 ’s ’s , work_i5jewootsnhvrcvfsugrmdljaa 75 25 random random JJ work_i5jewootsnhvrcvfsugrmdljaa 75 26 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 75 27 such such JJ work_i5jewootsnhvrcvfsugrmdljaa 75 28 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 75 29 G1 G1 NNP work_i5jewootsnhvrcvfsugrmdljaa 75 30 , , , work_i5jewootsnhvrcvfsugrmdljaa 75 31 G2 G2 NNP work_i5jewootsnhvrcvfsugrmdljaa 75 32 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 75 33 that that IN work_i5jewootsnhvrcvfsugrmdljaa 75 34 the the DT work_i5jewootsnhvrcvfsugrmdljaa 75 35 demand demand NN work_i5jewootsnhvrcvfsugrmdljaa 75 36 functions function NNS work_i5jewootsnhvrcvfsugrmdljaa 75 37 of of IN work_i5jewootsnhvrcvfsugrmdljaa 75 38 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 75 39 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 75 40 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 75 41 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 75 42 2a 2a CD work_i5jewootsnhvrcvfsugrmdljaa 75 43 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 75 44 .D .D . work_i5jewootsnhvrcvfsugrmdljaa 75 45 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 75 46 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 75 47 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 75 48 p2 p2 NN work_i5jewootsnhvrcvfsugrmdljaa 75 49 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 75 50 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 75 51 τ τ LS work_i5jewootsnhvrcvfsugrmdljaa 75 52 Var var NN work_i5jewootsnhvrcvfsugrmdljaa 75 53 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 75 54 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 75 55 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 75 56 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 75 57 H H NNP work_i5jewootsnhvrcvfsugrmdljaa 75 58 i i NN work_i5jewootsnhvrcvfsugrmdljaa 75 59 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 75 60 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 75 61 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 75 62 E e NN work_i5jewootsnhvrcvfsugrmdljaa 75 63 i(Q i(q NN work_i5jewootsnhvrcvfsugrmdljaa 75 64 | | JJ work_i5jewootsnhvrcvfsugrmdljaa 75 65 H h NN work_i5jewootsnhvrcvfsugrmdljaa 75 66 i i NN work_i5jewootsnhvrcvfsugrmdljaa 75 67 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 75 68 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 75 69 & & CC work_i5jewootsnhvrcvfsugrmdljaa 75 70 p2 p2 NN work_i5jewootsnhvrcvfsugrmdljaa 75 71 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 75 72 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 75 73 2b 2b NNP work_i5jewootsnhvrcvfsugrmdljaa 75 74 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 75 75 .D .D . work_i5jewootsnhvrcvfsugrmdljaa 75 76 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 75 77 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 75 78 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 75 79 p1 p1 NN work_i5jewootsnhvrcvfsugrmdljaa 75 80 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 75 81 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 75 82 τ τ NN work_i5jewootsnhvrcvfsugrmdljaa 75 83 G1 g1 NN work_i5jewootsnhvrcvfsugrmdljaa 75 84 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 75 85 E E NNP work_i5jewootsnhvrcvfsugrmdljaa 75 86 i(p2 i(p2 NNP work_i5jewootsnhvrcvfsugrmdljaa 75 87 | | HYPH work_i5jewootsnhvrcvfsugrmdljaa 75 88 H H NNP work_i5jewootsnhvrcvfsugrmdljaa 75 89 i i NN work_i5jewootsnhvrcvfsugrmdljaa 75 90 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 75 91 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 75 92 & & CC work_i5jewootsnhvrcvfsugrmdljaa 75 93 p1 p1 NNP work_i5jewootsnhvrcvfsugrmdljaa 75 94 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 75 95 % % NN work_i5jewootsnhvrcvfsugrmdljaa 75 96 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 75 97 G2 G2 NNP work_i5jewootsnhvrcvfsugrmdljaa 75 98 & & CC work_i5jewootsnhvrcvfsugrmdljaa 75 99 G1 G1 NNP work_i5jewootsnhvrcvfsugrmdljaa 75 100 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 75 101 G1 g1 NN work_i5jewootsnhvrcvfsugrmdljaa 75 102 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 75 103 E e NN work_i5jewootsnhvrcvfsugrmdljaa 75 104 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 75 105 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 75 106 D d NN work_i5jewootsnhvrcvfsugrmdljaa 75 107 i i NN work_i5jewootsnhvrcvfsugrmdljaa 75 108 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 75 109 | | NN work_i5jewootsnhvrcvfsugrmdljaa 75 110 H h NN work_i5jewootsnhvrcvfsugrmdljaa 75 111 i i NN work_i5jewootsnhvrcvfsugrmdljaa 75 112 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 75 113 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 75 114 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 75 115 5 5 CD work_i5jewootsnhvrcvfsugrmdljaa 75 116 It -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 75 117 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 75 118 typically typically RB work_i5jewootsnhvrcvfsugrmdljaa 75 119 assumed assume VBN work_i5jewootsnhvrcvfsugrmdljaa 75 120 that that IN work_i5jewootsnhvrcvfsugrmdljaa 75 121 independent independent NN work_i5jewootsnhvrcvfsugrmdljaa 75 122 of of IN work_i5jewootsnhvrcvfsugrmdljaa 75 123 i. i. NNP work_i5jewootsnhvrcvfsugrmdljaa 76 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 76 2 second second JJ work_i5jewootsnhvrcvfsugrmdljaa 76 3 term term NN work_i5jewootsnhvrcvfsugrmdljaa 76 4 in in IN work_i5jewootsnhvrcvfsugrmdljaa 76 5 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 76 6 2b 2b NNP work_i5jewootsnhvrcvfsugrmdljaa 76 7 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 76 8 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 76 9 theVar thevar NN work_i5jewootsnhvrcvfsugrmdljaa 76 10 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 76 11 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 76 12 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 76 13 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 76 14 H H NNP work_i5jewootsnhvrcvfsugrmdljaa 76 15 i i NN work_i5jewootsnhvrcvfsugrmdljaa 76 16 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 76 17 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 76 18 ' ' NN work_i5jewootsnhvrcvfsugrmdljaa 76 19 σ σ NN work_i5jewootsnhvrcvfsugrmdljaa 76 20 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 76 21 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 76 22 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 76 23 hedging hedge VBG work_i5jewootsnhvrcvfsugrmdljaa 76 24 demand demand NN work_i5jewootsnhvrcvfsugrmdljaa 76 25 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 76 26 arising arise VBG work_i5jewootsnhvrcvfsugrmdljaa 76 27 from from IN work_i5jewootsnhvrcvfsugrmdljaa 76 28 risk risk NN work_i5jewootsnhvrcvfsugrmdljaa 76 29 perception perception NN work_i5jewootsnhvrcvfsugrmdljaa 76 30 of of IN work_i5jewootsnhvrcvfsugrmdljaa 76 31 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 76 32 at at IN work_i5jewootsnhvrcvfsugrmdljaa 76 33 date date NN work_i5jewootsnhvrcvfsugrmdljaa 76 34 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 76 35 about about IN work_i5jewootsnhvrcvfsugrmdljaa 76 36 price price NN work_i5jewootsnhvrcvfsugrmdljaa 76 37 change change NN work_i5jewootsnhvrcvfsugrmdljaa 76 38 at at IN work_i5jewootsnhvrcvfsugrmdljaa 76 39 date date NN work_i5jewootsnhvrcvfsugrmdljaa 76 40 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 76 41 . . . work_i5jewootsnhvrcvfsugrmdljaa 77 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 77 2 hedging hedge VBG work_i5jewootsnhvrcvfsugrmdljaa 77 3 demand demand NN work_i5jewootsnhvrcvfsugrmdljaa 77 4 in in IN work_i5jewootsnhvrcvfsugrmdljaa 77 5 a a DT work_i5jewootsnhvrcvfsugrmdljaa 77 6 noisy noisy JJ work_i5jewootsnhvrcvfsugrmdljaa 77 7 REE ree NN work_i5jewootsnhvrcvfsugrmdljaa 77 8 complicates complicate VBZ work_i5jewootsnhvrcvfsugrmdljaa 77 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 77 10 inference inference NN work_i5jewootsnhvrcvfsugrmdljaa 77 11 problem problem NN work_i5jewootsnhvrcvfsugrmdljaa 77 12 and and CC work_i5jewootsnhvrcvfsugrmdljaa 77 13 raises raise VBZ work_i5jewootsnhvrcvfsugrmdljaa 77 14 problems problem NNS work_i5jewootsnhvrcvfsugrmdljaa 77 15 regarding regard VBG work_i5jewootsnhvrcvfsugrmdljaa 77 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 77 17 existence existence NN work_i5jewootsnhvrcvfsugrmdljaa 77 18 of of IN work_i5jewootsnhvrcvfsugrmdljaa 77 19 equilibrium equilibrium NN work_i5jewootsnhvrcvfsugrmdljaa 77 20 . . . work_i5jewootsnhvrcvfsugrmdljaa 78 1 As as IN work_i5jewootsnhvrcvfsugrmdljaa 78 2 a a DT work_i5jewootsnhvrcvfsugrmdljaa 78 3 result result NN work_i5jewootsnhvrcvfsugrmdljaa 78 4 , , , work_i5jewootsnhvrcvfsugrmdljaa 78 5 most most JJS work_i5jewootsnhvrcvfsugrmdljaa 78 6 writers writer NNS work_i5jewootsnhvrcvfsugrmdljaa 78 7 ignore ignore VBP work_i5jewootsnhvrcvfsugrmdljaa 78 8 this this DT work_i5jewootsnhvrcvfsugrmdljaa 78 9 demand demand NN work_i5jewootsnhvrcvfsugrmdljaa 78 10 and and CC work_i5jewootsnhvrcvfsugrmdljaa 78 11 study study VB work_i5jewootsnhvrcvfsugrmdljaa 78 12 the the DT work_i5jewootsnhvrcvfsugrmdljaa 78 13 myopic myopic JJ work_i5jewootsnhvrcvfsugrmdljaa 78 14 - - HYPH work_i5jewootsnhvrcvfsugrmdljaa 78 15 investor investor NN work_i5jewootsnhvrcvfsugrmdljaa 78 16 economy economy NN work_i5jewootsnhvrcvfsugrmdljaa 78 17 . . . work_i5jewootsnhvrcvfsugrmdljaa 79 1 This this DT work_i5jewootsnhvrcvfsugrmdljaa 79 2 concept concept NN work_i5jewootsnhvrcvfsugrmdljaa 79 3 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 79 4 framed frame VBN work_i5jewootsnhvrcvfsugrmdljaa 79 5 by by IN work_i5jewootsnhvrcvfsugrmdljaa 79 6 regarding regard VBG work_i5jewootsnhvrcvfsugrmdljaa 79 7 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 79 8 as as RB work_i5jewootsnhvrcvfsugrmdljaa 79 9 long long JJ work_i5jewootsnhvrcvfsugrmdljaa 79 10 or or CC work_i5jewootsnhvrcvfsugrmdljaa 79 11 short short JJ work_i5jewootsnhvrcvfsugrmdljaa 79 12 lived live VBD work_i5jewootsnhvrcvfsugrmdljaa 79 13 . . . work_i5jewootsnhvrcvfsugrmdljaa 80 1 A a DT work_i5jewootsnhvrcvfsugrmdljaa 80 2 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 80 3 short short JJ work_i5jewootsnhvrcvfsugrmdljaa 80 4 lived live VBD work_i5jewootsnhvrcvfsugrmdljaa 80 5 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 80 6 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 80 7 lives live VBZ work_i5jewootsnhvrcvfsugrmdljaa 80 8 one one CD work_i5jewootsnhvrcvfsugrmdljaa 80 9 period period NN work_i5jewootsnhvrcvfsugrmdljaa 80 10 only only RB work_i5jewootsnhvrcvfsugrmdljaa 80 11 . . . work_i5jewootsnhvrcvfsugrmdljaa 81 1 He -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 81 2 first first RB work_i5jewootsnhvrcvfsugrmdljaa 81 3 trades trade VBZ work_i5jewootsnhvrcvfsugrmdljaa 81 4 in in IN work_i5jewootsnhvrcvfsugrmdljaa 81 5 date date NN work_i5jewootsnhvrcvfsugrmdljaa 81 6 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 81 7 , , , work_i5jewootsnhvrcvfsugrmdljaa 81 8 gains gain NNS work_i5jewootsnhvrcvfsugrmdljaa 81 9 utility utility NN work_i5jewootsnhvrcvfsugrmdljaa 81 10 from from IN work_i5jewootsnhvrcvfsugrmdljaa 81 11 p2 p2 NN work_i5jewootsnhvrcvfsugrmdljaa 81 12 and and CC work_i5jewootsnhvrcvfsugrmdljaa 81 13 leaves leave VBZ work_i5jewootsnhvrcvfsugrmdljaa 81 14 the the DT work_i5jewootsnhvrcvfsugrmdljaa 81 15 economy economy NN work_i5jewootsnhvrcvfsugrmdljaa 81 16 . . . work_i5jewootsnhvrcvfsugrmdljaa 82 1 He -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 82 2 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 82 3 replaced replace VBN work_i5jewootsnhvrcvfsugrmdljaa 82 4 by by IN work_i5jewootsnhvrcvfsugrmdljaa 82 5 a a DT work_i5jewootsnhvrcvfsugrmdljaa 82 6 new new JJ work_i5jewootsnhvrcvfsugrmdljaa 82 7 short short JJ work_i5jewootsnhvrcvfsugrmdljaa 82 8 lived lived JJ work_i5jewootsnhvrcvfsugrmdljaa 82 9 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 82 10 who who WP work_i5jewootsnhvrcvfsugrmdljaa 82 11 knows know VBZ work_i5jewootsnhvrcvfsugrmdljaa 82 12 the the DT work_i5jewootsnhvrcvfsugrmdljaa 82 13 information information NN work_i5jewootsnhvrcvfsugrmdljaa 82 14 of of IN work_i5jewootsnhvrcvfsugrmdljaa 82 15 the the DT work_i5jewootsnhvrcvfsugrmdljaa 82 16 first first JJ work_i5jewootsnhvrcvfsugrmdljaa 82 17 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 82 18 but but CC work_i5jewootsnhvrcvfsugrmdljaa 82 19 trades trade NNS work_i5jewootsnhvrcvfsugrmdljaa 82 20 in in IN work_i5jewootsnhvrcvfsugrmdljaa 82 21 date date NN work_i5jewootsnhvrcvfsugrmdljaa 82 22 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 82 23 and and CC work_i5jewootsnhvrcvfsugrmdljaa 82 24 gains gain NNS work_i5jewootsnhvrcvfsugrmdljaa 82 25 utility utility NN work_i5jewootsnhvrcvfsugrmdljaa 82 26 from from IN work_i5jewootsnhvrcvfsugrmdljaa 82 27 the the DT work_i5jewootsnhvrcvfsugrmdljaa 82 28 revealed reveal VBN work_i5jewootsnhvrcvfsugrmdljaa 82 29 Q. q. NN work_i5jewootsnhvrcvfsugrmdljaa 83 1 Neither neither DT work_i5jewootsnhvrcvfsugrmdljaa 83 2 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 83 3 has have VBZ work_i5jewootsnhvrcvfsugrmdljaa 83 4 a a DT work_i5jewootsnhvrcvfsugrmdljaa 83 5 hedging hedge VBG work_i5jewootsnhvrcvfsugrmdljaa 83 6 demand demand NN work_i5jewootsnhvrcvfsugrmdljaa 83 7 . . . work_i5jewootsnhvrcvfsugrmdljaa 84 1 A a DT work_i5jewootsnhvrcvfsugrmdljaa 84 2 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 84 3 long long RB work_i5jewootsnhvrcvfsugrmdljaa 84 4 lived live VBD work_i5jewootsnhvrcvfsugrmdljaa 84 5 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 84 6 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 84 7 lives live VBZ work_i5jewootsnhvrcvfsugrmdljaa 84 8 through through IN work_i5jewootsnhvrcvfsugrmdljaa 84 9 both both DT work_i5jewootsnhvrcvfsugrmdljaa 84 10 periods period NNS work_i5jewootsnhvrcvfsugrmdljaa 84 11 , , , work_i5jewootsnhvrcvfsugrmdljaa 84 12 trades trade NNS work_i5jewootsnhvrcvfsugrmdljaa 84 13 in in IN work_i5jewootsnhvrcvfsugrmdljaa 84 14 dates date NNS work_i5jewootsnhvrcvfsugrmdljaa 84 15 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 84 16 and and CC work_i5jewootsnhvrcvfsugrmdljaa 84 17 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 84 18 hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 84 19 has have VBZ work_i5jewootsnhvrcvfsugrmdljaa 84 20 a a DT work_i5jewootsnhvrcvfsugrmdljaa 84 21 hedging hedge VBG work_i5jewootsnhvrcvfsugrmdljaa 84 22 demand demand NN work_i5jewootsnhvrcvfsugrmdljaa 84 23 . . . work_i5jewootsnhvrcvfsugrmdljaa 85 1 It -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 85 2 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 85 3 then then RB work_i5jewootsnhvrcvfsugrmdljaa 85 4 common common JJ work_i5jewootsnhvrcvfsugrmdljaa 85 5 to to TO work_i5jewootsnhvrcvfsugrmdljaa 85 6 ignore ignore VB work_i5jewootsnhvrcvfsugrmdljaa 85 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 85 8 second second JJ work_i5jewootsnhvrcvfsugrmdljaa 85 9 term term NN work_i5jewootsnhvrcvfsugrmdljaa 85 10 in in IN work_i5jewootsnhvrcvfsugrmdljaa 85 11 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 85 12 2b 2b NNP work_i5jewootsnhvrcvfsugrmdljaa 85 13 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 85 14 , , , work_i5jewootsnhvrcvfsugrmdljaa 85 15 average average JJ work_i5jewootsnhvrcvfsugrmdljaa 85 16 on on IN work_i5jewootsnhvrcvfsugrmdljaa 85 17 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 85 18 , , , work_i5jewootsnhvrcvfsugrmdljaa 85 19 equate equate VB work_i5jewootsnhvrcvfsugrmdljaa 85 20 to to TO work_i5jewootsnhvrcvfsugrmdljaa 85 21 supply supply VB work_i5jewootsnhvrcvfsugrmdljaa 85 22 and and CC work_i5jewootsnhvrcvfsugrmdljaa 85 23 conclude conclude VB work_i5jewootsnhvrcvfsugrmdljaa 85 24 that that DT work_i5jewootsnhvrcvfsugrmdljaa 85 25 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 85 26 1c 1c CD work_i5jewootsnhvrcvfsugrmdljaa 85 27 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 85 28 , , , work_i5jewootsnhvrcvfsugrmdljaa 85 29 .p2 .p2 . work_i5jewootsnhvrcvfsugrmdljaa 85 30 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 85 31 Ē2 ē2 CD work_i5jewootsnhvrcvfsugrmdljaa 85 32 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 85 33 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 85 34 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 85 35 & & CC work_i5jewootsnhvrcvfsugrmdljaa 85 36 σ σ NNP work_i5jewootsnhvrcvfsugrmdljaa 85 37 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 85 38 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 85 39 τ τ NN work_i5jewootsnhvrcvfsugrmdljaa 85 40 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 85 41 S1 s1 NN work_i5jewootsnhvrcvfsugrmdljaa 85 42 % % NN work_i5jewootsnhvrcvfsugrmdljaa 85 43 S2 s2 NN work_i5jewootsnhvrcvfsugrmdljaa 85 44 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 85 45 p1 p1 NN work_i5jewootsnhvrcvfsugrmdljaa 85 46 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 85 47 Ē1 ē1 NN work_i5jewootsnhvrcvfsugrmdljaa 85 48 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 85 49 p2 p2 NNP work_i5jewootsnhvrcvfsugrmdljaa 85 50 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 85 51 & & CC work_i5jewootsnhvrcvfsugrmdljaa 85 52 G1 G1 NNP work_i5jewootsnhvrcvfsugrmdljaa 85 53 τ τ NNP work_i5jewootsnhvrcvfsugrmdljaa 85 54 S1 s1 NN work_i5jewootsnhvrcvfsugrmdljaa 85 55 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 85 56 date date NN work_i5jewootsnhvrcvfsugrmdljaa 85 57 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 85 58 average average JJ work_i5jewootsnhvrcvfsugrmdljaa 85 59 market market NN work_i5jewootsnhvrcvfsugrmdljaa 85 60 forecast forecast NN work_i5jewootsnhvrcvfsugrmdljaa 85 61 of of IN work_i5jewootsnhvrcvfsugrmdljaa 85 62 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 85 63 and and CC work_i5jewootsnhvrcvfsugrmdljaa 85 64 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 85 65 average average JJ work_i5jewootsnhvrcvfsugrmdljaa 85 66 market market NN work_i5jewootsnhvrcvfsugrmdljaa 85 67 forecast forecast NN work_i5jewootsnhvrcvfsugrmdljaa 85 68 of of IN work_i5jewootsnhvrcvfsugrmdljaa 85 69 . . . work_i5jewootsnhvrcvfsugrmdljaa 86 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 86 2 thisĒ2 thisĒ2 NNP work_i5jewootsnhvrcvfsugrmdljaa 86 3 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 86 4 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 86 5 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 86 6 Ē1 ē1 NN work_i5jewootsnhvrcvfsugrmdljaa 86 7 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 86 8 p2 p2 NN work_i5jewootsnhvrcvfsugrmdljaa 86 9 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 86 10 p2 p2 NN work_i5jewootsnhvrcvfsugrmdljaa 86 11 case case NN work_i5jewootsnhvrcvfsugrmdljaa 86 12 and and CC work_i5jewootsnhvrcvfsugrmdljaa 86 13 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 86 14 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 86 15 assumed assume VBN work_i5jewootsnhvrcvfsugrmdljaa 86 16 this this DT work_i5jewootsnhvrcvfsugrmdljaa 86 17 variance variance NN work_i5jewootsnhvrcvfsugrmdljaa 86 18 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 86 19 independent independent JJ work_i5jewootsnhvrcvfsugrmdljaa 86 20 of of IN work_i5jewootsnhvrcvfsugrmdljaa 86 21 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 86 22 . . . work_i5jewootsnhvrcvfsugrmdljaa 86 23 G1 G1 NNP work_i5jewootsnhvrcvfsugrmdljaa 86 24 ' ' `` work_i5jewootsnhvrcvfsugrmdljaa 86 25 Var Var NNP work_i5jewootsnhvrcvfsugrmdljaa 86 26 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 86 27 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 86 28 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 86 29 p2 p2 NN work_i5jewootsnhvrcvfsugrmdljaa 86 30 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 86 31 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 86 32 2a)-(2b 2a)-(2b LS work_i5jewootsnhvrcvfsugrmdljaa 86 33 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 86 34 depend depend VBP work_i5jewootsnhvrcvfsugrmdljaa 86 35 only only RB work_i5jewootsnhvrcvfsugrmdljaa 86 36 upon upon IN work_i5jewootsnhvrcvfsugrmdljaa 86 37 the the DT work_i5jewootsnhvrcvfsugrmdljaa 86 38 condition condition NN work_i5jewootsnhvrcvfsugrmdljaa 86 39 that that IN work_i5jewootsnhvrcvfsugrmdljaa 86 40 prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 86 41 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 86 42 normally normally RB work_i5jewootsnhvrcvfsugrmdljaa 86 43 distributed distribute VBN work_i5jewootsnhvrcvfsugrmdljaa 86 44 but but CC work_i5jewootsnhvrcvfsugrmdljaa 86 45 not not RB work_i5jewootsnhvrcvfsugrmdljaa 86 46 upon upon IN work_i5jewootsnhvrcvfsugrmdljaa 86 47 any any DT work_i5jewootsnhvrcvfsugrmdljaa 86 48 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 86 49 information information NN work_i5jewootsnhvrcvfsugrmdljaa 86 50 assumption assumption NN work_i5jewootsnhvrcvfsugrmdljaa 86 51 . . . work_i5jewootsnhvrcvfsugrmdljaa 87 1 Hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 87 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 87 3 the the DT work_i5jewootsnhvrcvfsugrmdljaa 87 4 difference difference NN work_i5jewootsnhvrcvfsugrmdljaa 87 5 between between IN work_i5jewootsnhvrcvfsugrmdljaa 87 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 87 7 two two CD work_i5jewootsnhvrcvfsugrmdljaa 87 8 theories theory NNS work_i5jewootsnhvrcvfsugrmdljaa 87 9 on on IN work_i5jewootsnhvrcvfsugrmdljaa 87 10 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 87 11 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 87 12 focus focus VBP work_i5jewootsnhvrcvfsugrmdljaa 87 13 in in IN work_i5jewootsnhvrcvfsugrmdljaa 87 14 this this DT work_i5jewootsnhvrcvfsugrmdljaa 87 15 paper paper NN work_i5jewootsnhvrcvfsugrmdljaa 87 16 result result NN work_i5jewootsnhvrcvfsugrmdljaa 87 17 from from IN work_i5jewootsnhvrcvfsugrmdljaa 87 18 differences difference NNS work_i5jewootsnhvrcvfsugrmdljaa 87 19 between between IN work_i5jewootsnhvrcvfsugrmdljaa 87 20 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 87 21 implications implication NNS work_i5jewootsnhvrcvfsugrmdljaa 87 22 to to IN work_i5jewootsnhvrcvfsugrmdljaa 87 23 the the DT work_i5jewootsnhvrcvfsugrmdljaa 87 24 conditional conditional JJ work_i5jewootsnhvrcvfsugrmdljaa 87 25 expectations expectation NNS work_i5jewootsnhvrcvfsugrmdljaa 87 26 in in IN work_i5jewootsnhvrcvfsugrmdljaa 87 27 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 87 28 2a)- 2a)- CD work_i5jewootsnhvrcvfsugrmdljaa 87 29 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 87 30 2b 2b NNP work_i5jewootsnhvrcvfsugrmdljaa 87 31 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 87 32 . . . work_i5jewootsnhvrcvfsugrmdljaa 88 1 For for IN work_i5jewootsnhvrcvfsugrmdljaa 88 2 example example NN work_i5jewootsnhvrcvfsugrmdljaa 88 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 88 4 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 88 5 2a 2a CD work_i5jewootsnhvrcvfsugrmdljaa 88 6 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 88 7 shows show VBZ work_i5jewootsnhvrcvfsugrmdljaa 88 8 p2 p2 NNP work_i5jewootsnhvrcvfsugrmdljaa 88 9 depend depend VB work_i5jewootsnhvrcvfsugrmdljaa 88 10 upon upon IN work_i5jewootsnhvrcvfsugrmdljaa 88 11 date date NN work_i5jewootsnhvrcvfsugrmdljaa 88 12 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 88 13 expectations expectation NNS work_i5jewootsnhvrcvfsugrmdljaa 88 14 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 88 15 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 88 16 updated update VBN work_i5jewootsnhvrcvfsugrmdljaa 88 17 based base VBN work_i5jewootsnhvrcvfsugrmdljaa 88 18 on on IN work_i5jewootsnhvrcvfsugrmdljaa 88 19 the the DT work_i5jewootsnhvrcvfsugrmdljaa 88 20 information information NN work_i5jewootsnhvrcvfsugrmdljaa 88 21 deduced deduce VBN work_i5jewootsnhvrcvfsugrmdljaa 88 22 from from IN work_i5jewootsnhvrcvfsugrmdljaa 88 23 p2 p2 NN work_i5jewootsnhvrcvfsugrmdljaa 88 24 and and CC work_i5jewootsnhvrcvfsugrmdljaa 88 25 p1 p1 NN work_i5jewootsnhvrcvfsugrmdljaa 88 26 . . . work_i5jewootsnhvrcvfsugrmdljaa 89 1 This this DT work_i5jewootsnhvrcvfsugrmdljaa 89 2 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 89 3 different different JJ work_i5jewootsnhvrcvfsugrmdljaa 89 4 from from IN work_i5jewootsnhvrcvfsugrmdljaa 89 5 date date NN work_i5jewootsnhvrcvfsugrmdljaa 89 6 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 89 7 information information NN work_i5jewootsnhvrcvfsugrmdljaa 89 8 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 89 9 consists consist VBZ work_i5jewootsnhvrcvfsugrmdljaa 89 10 of of IN work_i5jewootsnhvrcvfsugrmdljaa 89 11 public public JJ work_i5jewootsnhvrcvfsugrmdljaa 89 12 signal signal NN work_i5jewootsnhvrcvfsugrmdljaa 89 13 , , , work_i5jewootsnhvrcvfsugrmdljaa 89 14 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 89 15 signals signal NNS work_i5jewootsnhvrcvfsugrmdljaa 89 16 and and CC work_i5jewootsnhvrcvfsugrmdljaa 89 17 inference inference NN work_i5jewootsnhvrcvfsugrmdljaa 89 18 from from IN work_i5jewootsnhvrcvfsugrmdljaa 89 19 p1 p1 NN work_i5jewootsnhvrcvfsugrmdljaa 89 20 . . . work_i5jewootsnhvrcvfsugrmdljaa 90 1 Allen Allen NNP work_i5jewootsnhvrcvfsugrmdljaa 90 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 90 3 Morris Morris NNP work_i5jewootsnhvrcvfsugrmdljaa 90 4 and and CC work_i5jewootsnhvrcvfsugrmdljaa 90 5 Shin Shin NNP work_i5jewootsnhvrcvfsugrmdljaa 90 6 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 90 7 2003 2003 CD work_i5jewootsnhvrcvfsugrmdljaa 90 8 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 90 9 present present JJ work_i5jewootsnhvrcvfsugrmdljaa 90 10 in in IN work_i5jewootsnhvrcvfsugrmdljaa 90 11 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 90 12 Appendix Appendix NNP work_i5jewootsnhvrcvfsugrmdljaa 90 13 A a DT work_i5jewootsnhvrcvfsugrmdljaa 90 14 computations computation NNS work_i5jewootsnhvrcvfsugrmdljaa 90 15 of of IN work_i5jewootsnhvrcvfsugrmdljaa 90 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 90 17 closed close VBN work_i5jewootsnhvrcvfsugrmdljaa 90 18 form form NN work_i5jewootsnhvrcvfsugrmdljaa 90 19 solution solution NN work_i5jewootsnhvrcvfsugrmdljaa 90 20 . . . work_i5jewootsnhvrcvfsugrmdljaa 91 1 To to TO work_i5jewootsnhvrcvfsugrmdljaa 91 2 get get VB work_i5jewootsnhvrcvfsugrmdljaa 91 3 an an DT work_i5jewootsnhvrcvfsugrmdljaa 91 4 idea idea NN work_i5jewootsnhvrcvfsugrmdljaa 91 5 of of IN work_i5jewootsnhvrcvfsugrmdljaa 91 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 91 7 inference inference NN work_i5jewootsnhvrcvfsugrmdljaa 91 8 involved involve VBN work_i5jewootsnhvrcvfsugrmdljaa 91 9 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 91 10 review review VBP work_i5jewootsnhvrcvfsugrmdljaa 91 11 the the DT work_i5jewootsnhvrcvfsugrmdljaa 91 12 steps step NNS work_i5jewootsnhvrcvfsugrmdljaa 91 13 they -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 91 14 take take VBP work_i5jewootsnhvrcvfsugrmdljaa 91 15 . . . work_i5jewootsnhvrcvfsugrmdljaa 92 1 What what WP work_i5jewootsnhvrcvfsugrmdljaa 92 2 does do VBZ work_i5jewootsnhvrcvfsugrmdljaa 92 3 a a DT work_i5jewootsnhvrcvfsugrmdljaa 92 4 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 92 5 learn learn VB work_i5jewootsnhvrcvfsugrmdljaa 92 6 in in IN work_i5jewootsnhvrcvfsugrmdljaa 92 7 round round JJ work_i5jewootsnhvrcvfsugrmdljaa 92 8 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 92 9 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 93 1 Given give VBN work_i5jewootsnhvrcvfsugrmdljaa 93 2 prior prior JJ work_i5jewootsnhvrcvfsugrmdljaa 93 3 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 93 4 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 93 5 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 93 6 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 93 7 - - HYPH work_i5jewootsnhvrcvfsugrmdljaa 93 8 N N NNP work_i5jewootsnhvrcvfsugrmdljaa 93 9 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 93 10 y y NNP work_i5jewootsnhvrcvfsugrmdljaa 93 11 , , , work_i5jewootsnhvrcvfsugrmdljaa 93 12 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 93 13 α α CD work_i5jewootsnhvrcvfsugrmdljaa 93 14 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 93 15 observes observe NNS work_i5jewootsnhvrcvfsugrmdljaa 93 16 . . . work_i5jewootsnhvrcvfsugrmdljaa 94 1 Since since IN work_i5jewootsnhvrcvfsugrmdljaa 94 2 all all DT work_i5jewootsnhvrcvfsugrmdljaa 94 3 he -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 94 4 infers infer VBZ work_i5jewootsnhvrcvfsugrmdljaa 94 5 from from IN work_i5jewootsnhvrcvfsugrmdljaa 94 6 date date NN work_i5jewootsnhvrcvfsugrmdljaa 94 7 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 94 8 price price NN work_i5jewootsnhvrcvfsugrmdljaa 94 9 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 94 10 thatp1'κ1 thatp1'κ1 NNP work_i5jewootsnhvrcvfsugrmdljaa 94 11 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 94 12 λ1y%μ1Q&S1 λ1y%μ1Q&S1 NFP work_i5jewootsnhvrcvfsugrmdljaa 94 13 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 94 14 S1-N S1-N NNP work_i5jewootsnhvrcvfsugrmdljaa 94 15 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 94 16 0 0 CD work_i5jewootsnhvrcvfsugrmdljaa 94 17 , , , work_i5jewootsnhvrcvfsugrmdljaa 94 18 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 94 19 / / SYM work_i5jewootsnhvrcvfsugrmdljaa 94 20 γ1 γ1 NN work_i5jewootsnhvrcvfsugrmdljaa 94 21 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 94 22 . . . work_i5jewootsnhvrcvfsugrmdljaa 95 1 1 1 LS work_i5jewootsnhvrcvfsugrmdljaa 95 2 κ1μ1 κ1μ1 : work_i5jewootsnhvrcvfsugrmdljaa 95 3 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 95 4 p1 p1 NNP work_i5jewootsnhvrcvfsugrmdljaa 95 5 & & CC work_i5jewootsnhvrcvfsugrmdljaa 95 6 κ1 κ1 NNP work_i5jewootsnhvrcvfsugrmdljaa 95 7 λ1y λ1y NNP work_i5jewootsnhvrcvfsugrmdljaa 95 8 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 95 9 ' ' `` work_i5jewootsnhvrcvfsugrmdljaa 95 10 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 95 11 & & CC work_i5jewootsnhvrcvfsugrmdljaa 95 12 S1 S1 NNP work_i5jewootsnhvrcvfsugrmdljaa 95 13 μ1 μ1 NN work_i5jewootsnhvrcvfsugrmdljaa 95 14 - - HYPH work_i5jewootsnhvrcvfsugrmdljaa 95 15 N n NN work_i5jewootsnhvrcvfsugrmdljaa 95 16 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 95 17 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 95 18 , , , work_i5jewootsnhvrcvfsugrmdljaa 95 19 1/(μ 1/(μ CD work_i5jewootsnhvrcvfsugrmdljaa 95 20 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 95 21 1γ1 1γ1 CD work_i5jewootsnhvrcvfsugrmdljaa 95 22 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 95 23 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 95 24 But but CC work_i5jewootsnhvrcvfsugrmdljaa 95 25 now now RB work_i5jewootsnhvrcvfsugrmdljaa 95 26 , , , work_i5jewootsnhvrcvfsugrmdljaa 95 27 his -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 95 28 added added JJ work_i5jewootsnhvrcvfsugrmdljaa 95 29 piece piece NN work_i5jewootsnhvrcvfsugrmdljaa 95 30 of of IN work_i5jewootsnhvrcvfsugrmdljaa 95 31 information information NN work_i5jewootsnhvrcvfsugrmdljaa 95 32 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 95 33 the the DT work_i5jewootsnhvrcvfsugrmdljaa 95 34 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 95 35 signal signal NN work_i5jewootsnhvrcvfsugrmdljaa 95 36 , , , work_i5jewootsnhvrcvfsugrmdljaa 95 37 . . . work_i5jewootsnhvrcvfsugrmdljaa 96 1 Using use VBG work_i5jewootsnhvrcvfsugrmdljaa 96 2 ax ax NN work_i5jewootsnhvrcvfsugrmdljaa 96 3 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 96 4 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 96 5 θ θ NN work_i5jewootsnhvrcvfsugrmdljaa 96 6 % % NN work_i5jewootsnhvrcvfsugrmdljaa 96 7 εi εi NN work_i5jewootsnhvrcvfsugrmdljaa 96 8 εi εi NNP work_i5jewootsnhvrcvfsugrmdljaa 96 9 - - HYPH work_i5jewootsnhvrcvfsugrmdljaa 96 10 N N NNP work_i5jewootsnhvrcvfsugrmdljaa 96 11 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 96 12 0 0 CD work_i5jewootsnhvrcvfsugrmdljaa 96 13 , , , work_i5jewootsnhvrcvfsugrmdljaa 96 14 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 96 15 β β NN work_i5jewootsnhvrcvfsugrmdljaa 96 16 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 96 17 standard standard JJ work_i5jewootsnhvrcvfsugrmdljaa 96 18 Bayesian bayesian JJ work_i5jewootsnhvrcvfsugrmdljaa 96 19 inference inference NN work_i5jewootsnhvrcvfsugrmdljaa 96 20 from from IN work_i5jewootsnhvrcvfsugrmdljaa 96 21 these these DT work_i5jewootsnhvrcvfsugrmdljaa 96 22 three three CD work_i5jewootsnhvrcvfsugrmdljaa 96 23 sources source NNS work_i5jewootsnhvrcvfsugrmdljaa 96 24 , , , work_i5jewootsnhvrcvfsugrmdljaa 96 25 his -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 96 26 posterior posterior NN work_i5jewootsnhvrcvfsugrmdljaa 96 27 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 96 28 becomes become VBZ work_i5jewootsnhvrcvfsugrmdljaa 96 29 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 96 30 3a 3a LS work_i5jewootsnhvrcvfsugrmdljaa 96 31 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 96 32 E E NNP work_i5jewootsnhvrcvfsugrmdljaa 96 33 i i FW work_i5jewootsnhvrcvfsugrmdljaa 96 34 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 96 35 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 96 36 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 96 37 H H NNP work_i5jewootsnhvrcvfsugrmdljaa 96 38 i i NN work_i5jewootsnhvrcvfsugrmdljaa 96 39 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 96 40 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 96 41 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 96 42 αy%βx αy%βx XX work_i5jewootsnhvrcvfsugrmdljaa 96 43 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 96 44 % % NN work_i5jewootsnhvrcvfsugrmdljaa 96 45 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 96 46 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 96 47 1γ1 1γ1 CD work_i5jewootsnhvrcvfsugrmdljaa 96 48 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 96 49 κ1μ1 κ1μ1 : work_i5jewootsnhvrcvfsugrmdljaa 96 50 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 96 51 p1 p1 NNP work_i5jewootsnhvrcvfsugrmdljaa 96 52 & & CC work_i5jewootsnhvrcvfsugrmdljaa 96 53 κ1λ1y κ1λ1y NNP work_i5jewootsnhvrcvfsugrmdljaa 96 54 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 96 55 α α CD work_i5jewootsnhvrcvfsugrmdljaa 96 56 % % NN work_i5jewootsnhvrcvfsugrmdljaa 96 57 β β NNP work_i5jewootsnhvrcvfsugrmdljaa 96 58 % % NN work_i5jewootsnhvrcvfsugrmdljaa 96 59 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 96 60 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 96 61 1γ1 1γ1 CD work_i5jewootsnhvrcvfsugrmdljaa 96 62 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 96 63 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 96 64 α&μ1γ1λ1 α&μ1γ1λ1 NNP work_i5jewootsnhvrcvfsugrmdljaa 96 65 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 96 66 y%βx y%βx UH work_i5jewootsnhvrcvfsugrmdljaa 96 67 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 96 68 % % NN work_i5jewootsnhvrcvfsugrmdljaa 96 69 μ1γ1 μ1γ1 NNP work_i5jewootsnhvrcvfsugrmdljaa 96 70 κ1 κ1 NNP work_i5jewootsnhvrcvfsugrmdljaa 96 71 p1 p1 NNP work_i5jewootsnhvrcvfsugrmdljaa 96 72 α α NNP work_i5jewootsnhvrcvfsugrmdljaa 96 73 % % NN work_i5jewootsnhvrcvfsugrmdljaa 96 74 β β NNP work_i5jewootsnhvrcvfsugrmdljaa 96 75 % % NN work_i5jewootsnhvrcvfsugrmdljaa 96 76 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 96 77 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 96 78 1γ1 1γ1 CD work_i5jewootsnhvrcvfsugrmdljaa 96 79 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 96 80 3b 3b NN work_i5jewootsnhvrcvfsugrmdljaa 96 81 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 96 82 with with IN work_i5jewootsnhvrcvfsugrmdljaa 96 83 precision precision NN work_i5jewootsnhvrcvfsugrmdljaa 96 84 .α .α . work_i5jewootsnhvrcvfsugrmdljaa 96 85 % % NN work_i5jewootsnhvrcvfsugrmdljaa 96 86 β β NNP work_i5jewootsnhvrcvfsugrmdljaa 96 87 % % NN work_i5jewootsnhvrcvfsugrmdljaa 96 88 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 96 89 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 96 90 1γ1 1γ1 CD work_i5jewootsnhvrcvfsugrmdljaa 96 91 6 6 CD work_i5jewootsnhvrcvfsugrmdljaa 96 92 Averaging Averaging NNP work_i5jewootsnhvrcvfsugrmdljaa 96 93 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 96 94 3a 3a NNP work_i5jewootsnhvrcvfsugrmdljaa 96 95 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 96 96 over over IN work_i5jewootsnhvrcvfsugrmdljaa 96 97 the the DT work_i5jewootsnhvrcvfsugrmdljaa 96 98 population population NN work_i5jewootsnhvrcvfsugrmdljaa 96 99 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 96 100 can can MD work_i5jewootsnhvrcvfsugrmdljaa 96 101 see see VB work_i5jewootsnhvrcvfsugrmdljaa 96 102 that that IN work_i5jewootsnhvrcvfsugrmdljaa 96 103 the the DT work_i5jewootsnhvrcvfsugrmdljaa 96 104 average average JJ work_i5jewootsnhvrcvfsugrmdljaa 96 105 market market NN work_i5jewootsnhvrcvfsugrmdljaa 96 106 forecast forecast NN work_i5jewootsnhvrcvfsugrmdljaa 96 107 at at IN work_i5jewootsnhvrcvfsugrmdljaa 96 108 date date NN work_i5jewootsnhvrcvfsugrmdljaa 96 109 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 96 110 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 96 111 then then RB work_i5jewootsnhvrcvfsugrmdljaa 96 112 .Ē1 .Ē1 . work_i5jewootsnhvrcvfsugrmdljaa 96 113 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 96 114 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 96 115 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 96 116 H1 H1 NNP work_i5jewootsnhvrcvfsugrmdljaa 96 117 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 96 118 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 96 119 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 96 120 α&μ1γ1λ1 α&μ1γ1λ1 ADD work_i5jewootsnhvrcvfsugrmdljaa 96 121 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 96 122 y%βQ% y%βQ% NNP work_i5jewootsnhvrcvfsugrmdljaa 96 123 μ1γ1 μ1γ1 NNP work_i5jewootsnhvrcvfsugrmdljaa 96 124 κ1 κ1 NNP work_i5jewootsnhvrcvfsugrmdljaa 96 125 p1 p1 NNP work_i5jewootsnhvrcvfsugrmdljaa 96 126 α α NNP work_i5jewootsnhvrcvfsugrmdljaa 96 127 % % NN work_i5jewootsnhvrcvfsugrmdljaa 96 128 β β NNP work_i5jewootsnhvrcvfsugrmdljaa 96 129 % % NN work_i5jewootsnhvrcvfsugrmdljaa 96 130 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 96 131 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 96 132 1γ1 1γ1 CD work_i5jewootsnhvrcvfsugrmdljaa 96 133 / / SYM work_i5jewootsnhvrcvfsugrmdljaa 96 134 α α NN work_i5jewootsnhvrcvfsugrmdljaa 96 135 y%(β y%(β CD work_i5jewootsnhvrcvfsugrmdljaa 96 136 % % NN work_i5jewootsnhvrcvfsugrmdljaa 96 137 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 96 138 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 96 139 1γ1 1γ1 CD work_i5jewootsnhvrcvfsugrmdljaa 96 140 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 96 141 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 96 142 α α CD work_i5jewootsnhvrcvfsugrmdljaa 96 143 % % NN work_i5jewootsnhvrcvfsugrmdljaa 96 144 β β NN work_i5jewootsnhvrcvfsugrmdljaa 96 145 % % NN work_i5jewootsnhvrcvfsugrmdljaa 96 146 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 96 147 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 96 148 1γ1 1γ1 CD work_i5jewootsnhvrcvfsugrmdljaa 96 149 & & CC work_i5jewootsnhvrcvfsugrmdljaa 96 150 μ1γ1 μ1γ1 NNP work_i5jewootsnhvrcvfsugrmdljaa 96 151 S1 S1 NNP work_i5jewootsnhvrcvfsugrmdljaa 96 152 α α CD work_i5jewootsnhvrcvfsugrmdljaa 96 153 % % NN work_i5jewootsnhvrcvfsugrmdljaa 96 154 β β NNP work_i5jewootsnhvrcvfsugrmdljaa 96 155 % % NN work_i5jewootsnhvrcvfsugrmdljaa 96 156 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 96 157 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 96 158 1γ1 1γ1 CD work_i5jewootsnhvrcvfsugrmdljaa 96 159 In in IN work_i5jewootsnhvrcvfsugrmdljaa 96 160 round round JJ work_i5jewootsnhvrcvfsugrmdljaa 96 161 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 96 162 a a DT work_i5jewootsnhvrcvfsugrmdljaa 96 163 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 96 164 observes observe VBZ work_i5jewootsnhvrcvfsugrmdljaa 96 165 p2 p2 NN work_i5jewootsnhvrcvfsugrmdljaa 96 166 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 96 167 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 96 168 a a DT work_i5jewootsnhvrcvfsugrmdljaa 96 169 function function NN work_i5jewootsnhvrcvfsugrmdljaa 96 170 of of IN work_i5jewootsnhvrcvfsugrmdljaa 96 171 the the DT work_i5jewootsnhvrcvfsugrmdljaa 96 172 same same JJ work_i5jewootsnhvrcvfsugrmdljaa 96 173 three three CD work_i5jewootsnhvrcvfsugrmdljaa 96 174 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 96 175 and and CC work_i5jewootsnhvrcvfsugrmdljaa 96 176 of of IN work_i5jewootsnhvrcvfsugrmdljaa 96 177 p1 p1 NN work_i5jewootsnhvrcvfsugrmdljaa 96 178 . . . work_i5jewootsnhvrcvfsugrmdljaa 97 1 Given give VBN work_i5jewootsnhvrcvfsugrmdljaa 97 2 p1 p1 NN work_i5jewootsnhvrcvfsugrmdljaa 97 3 and and CC work_i5jewootsnhvrcvfsugrmdljaa 97 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 97 5 fact fact NN work_i5jewootsnhvrcvfsugrmdljaa 97 6 that that IN work_i5jewootsnhvrcvfsugrmdljaa 97 7 , , , work_i5jewootsnhvrcvfsugrmdljaa 97 8 he -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 97 9 infers infer VBZ work_i5jewootsnhvrcvfsugrmdljaa 97 10 from from IN work_i5jewootsnhvrcvfsugrmdljaa 97 11 that that DT work_i5jewootsnhvrcvfsugrmdljaa 97 12 S2 s2 NN work_i5jewootsnhvrcvfsugrmdljaa 97 13 - - HYPH work_i5jewootsnhvrcvfsugrmdljaa 97 14 N n NN work_i5jewootsnhvrcvfsugrmdljaa 97 15 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 97 16 0 0 CD work_i5jewootsnhvrcvfsugrmdljaa 97 17 , , , work_i5jewootsnhvrcvfsugrmdljaa 97 18 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 97 19 γ2 γ2 NNP work_i5jewootsnhvrcvfsugrmdljaa 97 20 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 97 21 p2'κ2 p2'κ2 NNP work_i5jewootsnhvrcvfsugrmdljaa 97 22 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 97 23 λ2y%μ2 λ2y%μ2 NNP work_i5jewootsnhvrcvfsugrmdljaa 97 24 Q&S2 q&s2 CD work_i5jewootsnhvrcvfsugrmdljaa 97 25 % % NN work_i5jewootsnhvrcvfsugrmdljaa 97 26 ξ21 ξ21 NN work_i5jewootsnhvrcvfsugrmdljaa 97 27 p1 p1 NN work_i5jewootsnhvrcvfsugrmdljaa 97 28 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 97 29 . . . work_i5jewootsnhvrcvfsugrmdljaa 98 1 1 1 LS work_i5jewootsnhvrcvfsugrmdljaa 98 2 κ2μ2 κ2μ2 NNP work_i5jewootsnhvrcvfsugrmdljaa 98 3 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 98 4 p2 p2 NNP work_i5jewootsnhvrcvfsugrmdljaa 98 5 & & CC work_i5jewootsnhvrcvfsugrmdljaa 98 6 κ2 κ2 NNP work_i5jewootsnhvrcvfsugrmdljaa 98 7 λ2y λ2y NNP work_i5jewootsnhvrcvfsugrmdljaa 98 8 & & CC work_i5jewootsnhvrcvfsugrmdljaa 98 9 κ2ξ21 κ2ξ21 NNP work_i5jewootsnhvrcvfsugrmdljaa 98 10 p1 p1 NN work_i5jewootsnhvrcvfsugrmdljaa 98 11 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 98 12 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 98 13 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 98 14 & & CC work_i5jewootsnhvrcvfsugrmdljaa 98 15 S2 S2 NNP work_i5jewootsnhvrcvfsugrmdljaa 98 16 μ2 μ2 NN work_i5jewootsnhvrcvfsugrmdljaa 98 17 - - HYPH work_i5jewootsnhvrcvfsugrmdljaa 98 18 N n NN work_i5jewootsnhvrcvfsugrmdljaa 98 19 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 98 20 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 98 21 , , , work_i5jewootsnhvrcvfsugrmdljaa 98 22 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 98 23 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 98 24 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 98 25 2γ2 2γ2 CD work_i5jewootsnhvrcvfsugrmdljaa 98 26 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 98 27 He -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 98 28 now now RB work_i5jewootsnhvrcvfsugrmdljaa 98 29 updates update VBZ work_i5jewootsnhvrcvfsugrmdljaa 98 30 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 98 31 3a)-(3b 3a)-(3b CD work_i5jewootsnhvrcvfsugrmdljaa 98 32 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 98 33 . . . work_i5jewootsnhvrcvfsugrmdljaa 99 1 Since since IN work_i5jewootsnhvrcvfsugrmdljaa 99 2 supply supply NN work_i5jewootsnhvrcvfsugrmdljaa 99 3 shocks shock NNS work_i5jewootsnhvrcvfsugrmdljaa 99 4 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 99 5 i.i.d i.i.d JJ work_i5jewootsnhvrcvfsugrmdljaa 99 6 . . . work_i5jewootsnhvrcvfsugrmdljaa 100 1 the the DT work_i5jewootsnhvrcvfsugrmdljaa 100 2 updated update VBN work_i5jewootsnhvrcvfsugrmdljaa 100 3 posterior posterior NN work_i5jewootsnhvrcvfsugrmdljaa 100 4 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 100 5 standard standard JJ work_i5jewootsnhvrcvfsugrmdljaa 100 6 .E .E . work_i5jewootsnhvrcvfsugrmdljaa 100 7 i(Q i(Q NFP work_i5jewootsnhvrcvfsugrmdljaa 100 8 | | NN work_i5jewootsnhvrcvfsugrmdljaa 100 9 H H NNP work_i5jewootsnhvrcvfsugrmdljaa 100 10 i i NN work_i5jewootsnhvrcvfsugrmdljaa 100 11 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 100 12 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 100 13 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 100 14 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 100 15 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 100 16 α&μ1γ1λ1)y%βx α&μ1γ1λ1)y%βx XX work_i5jewootsnhvrcvfsugrmdljaa 100 17 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 100 18 % % NN work_i5jewootsnhvrcvfsugrmdljaa 100 19 μ1γ1 μ1γ1 NNP work_i5jewootsnhvrcvfsugrmdljaa 100 20 κ1 κ1 NNP work_i5jewootsnhvrcvfsugrmdljaa 100 21 p1 p1 NNP work_i5jewootsnhvrcvfsugrmdljaa 100 22 α α NNP work_i5jewootsnhvrcvfsugrmdljaa 100 23 % % NN work_i5jewootsnhvrcvfsugrmdljaa 100 24 β β NNP work_i5jewootsnhvrcvfsugrmdljaa 100 25 % % NN work_i5jewootsnhvrcvfsugrmdljaa 100 26 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 100 27 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 100 28 1γ1 1γ1 CD work_i5jewootsnhvrcvfsugrmdljaa 100 29 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 100 30 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 100 31 α%β%μ α%β%μ NNS work_i5jewootsnhvrcvfsugrmdljaa 100 32 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 100 33 1γ1 1γ1 CD work_i5jewootsnhvrcvfsugrmdljaa 100 34 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 100 35 % % NN work_i5jewootsnhvrcvfsugrmdljaa 100 36 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 100 37 κ2μ2 κ2μ2 . work_i5jewootsnhvrcvfsugrmdljaa 100 38 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 100 39 p2 p2 NNP work_i5jewootsnhvrcvfsugrmdljaa 100 40 & & CC work_i5jewootsnhvrcvfsugrmdljaa 100 41 κ2λ2y&κ2ξ21 κ2λ2y&κ2ξ21 NNP work_i5jewootsnhvrcvfsugrmdljaa 100 42 p1)(μ p1)(μ NNP work_i5jewootsnhvrcvfsugrmdljaa 100 43 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 100 44 2γ2 2γ2 CD work_i5jewootsnhvrcvfsugrmdljaa 100 45 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 100 46 α α NNP work_i5jewootsnhvrcvfsugrmdljaa 100 47 % % NN work_i5jewootsnhvrcvfsugrmdljaa 100 48 β β NNP work_i5jewootsnhvrcvfsugrmdljaa 100 49 % % NN work_i5jewootsnhvrcvfsugrmdljaa 100 50 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 100 51 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 100 52 1γ1 1γ1 CD work_i5jewootsnhvrcvfsugrmdljaa 100 53 % % NN work_i5jewootsnhvrcvfsugrmdljaa 100 54 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 100 55 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 100 56 2γ2 2γ2 CD work_i5jewootsnhvrcvfsugrmdljaa 100 57 Simplification Simplification NNP work_i5jewootsnhvrcvfsugrmdljaa 100 58 leads lead VBZ work_i5jewootsnhvrcvfsugrmdljaa 100 59 to to IN work_i5jewootsnhvrcvfsugrmdljaa 100 60 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 100 61 4b 4b LS work_i5jewootsnhvrcvfsugrmdljaa 100 62 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 100 63 E E NNP work_i5jewootsnhvrcvfsugrmdljaa 100 64 i i FW work_i5jewootsnhvrcvfsugrmdljaa 100 65 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 100 66 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 100 67 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 100 68 H H NNP work_i5jewootsnhvrcvfsugrmdljaa 100 69 i i NN work_i5jewootsnhvrcvfsugrmdljaa 100 70 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 100 71 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 100 72 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 100 73 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 100 74 α α NNP work_i5jewootsnhvrcvfsugrmdljaa 100 75 & & CC work_i5jewootsnhvrcvfsugrmdljaa 100 76 μ1 μ1 NNP work_i5jewootsnhvrcvfsugrmdljaa 100 77 γ1 γ1 NNP work_i5jewootsnhvrcvfsugrmdljaa 100 78 λ1 λ1 NNP work_i5jewootsnhvrcvfsugrmdljaa 100 79 & & CC work_i5jewootsnhvrcvfsugrmdljaa 100 80 μ2 μ2 NNP work_i5jewootsnhvrcvfsugrmdljaa 100 81 γ2 γ2 NNP work_i5jewootsnhvrcvfsugrmdljaa 100 82 λ2 λ2 NNP work_i5jewootsnhvrcvfsugrmdljaa 100 83 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 100 84 y y NNP work_i5jewootsnhvrcvfsugrmdljaa 100 85 % % NN work_i5jewootsnhvrcvfsugrmdljaa 100 86 βx βx NN work_i5jewootsnhvrcvfsugrmdljaa 100 87 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 100 88 % % NN work_i5jewootsnhvrcvfsugrmdljaa 100 89 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 100 90 μ1γ1 μ1γ1 NNP work_i5jewootsnhvrcvfsugrmdljaa 100 91 κ1 κ1 NNP work_i5jewootsnhvrcvfsugrmdljaa 100 92 p1 p1 NNP work_i5jewootsnhvrcvfsugrmdljaa 100 93 % % NN work_i5jewootsnhvrcvfsugrmdljaa 100 94 μ2γ2 μ2γ2 ADD work_i5jewootsnhvrcvfsugrmdljaa 100 95 κ2 κ2 NNP work_i5jewootsnhvrcvfsugrmdljaa 100 96 p2 p2 NNP work_i5jewootsnhvrcvfsugrmdljaa 100 97 & & CC work_i5jewootsnhvrcvfsugrmdljaa 100 98 μ2γ2ξ21 μ2γ2ξ21 NNP work_i5jewootsnhvrcvfsugrmdljaa 100 99 p1 p1 NNP work_i5jewootsnhvrcvfsugrmdljaa 100 100 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 100 101 α α NNP work_i5jewootsnhvrcvfsugrmdljaa 100 102 % % NN work_i5jewootsnhvrcvfsugrmdljaa 100 103 β β NNP work_i5jewootsnhvrcvfsugrmdljaa 100 104 % % NN work_i5jewootsnhvrcvfsugrmdljaa 100 105 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 100 106 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 100 107 1γ1 1γ1 CD work_i5jewootsnhvrcvfsugrmdljaa 100 108 % % NN work_i5jewootsnhvrcvfsugrmdljaa 100 109 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 100 110 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 100 111 2γ2 2γ2 CD work_i5jewootsnhvrcvfsugrmdljaa 100 112 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 100 113 4c 4c NN work_i5jewootsnhvrcvfsugrmdljaa 100 114 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 100 115 . . . work_i5jewootsnhvrcvfsugrmdljaa 101 1 Var Var NNP work_i5jewootsnhvrcvfsugrmdljaa 101 2 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 101 3 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 101 4 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 101 5 H H NNP work_i5jewootsnhvrcvfsugrmdljaa 101 6 i i NN work_i5jewootsnhvrcvfsugrmdljaa 101 7 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 101 8 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 101 9 ' ' CD work_i5jewootsnhvrcvfsugrmdljaa 101 10 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 101 11 α%β%μ α%β%μ NNS work_i5jewootsnhvrcvfsugrmdljaa 101 12 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 101 13 1γ1%μ 1γ1%μ CD work_i5jewootsnhvrcvfsugrmdljaa 101 14 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 101 15 2γ2 2γ2 CD work_i5jewootsnhvrcvfsugrmdljaa 101 16 To to TO work_i5jewootsnhvrcvfsugrmdljaa 101 17 compute compute VB work_i5jewootsnhvrcvfsugrmdljaa 101 18 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 101 19 1c 1c CD work_i5jewootsnhvrcvfsugrmdljaa 101 20 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 101 21 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 101 22 average average VBP work_i5jewootsnhvrcvfsugrmdljaa 101 23 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 101 24 4b 4b LS work_i5jewootsnhvrcvfsugrmdljaa 101 25 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 101 26 to to TO work_i5jewootsnhvrcvfsugrmdljaa 101 27 conclude conclude VB work_i5jewootsnhvrcvfsugrmdljaa 101 28 that that DT work_i5jewootsnhvrcvfsugrmdljaa 101 29 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 101 30 5a 5a NN work_i5jewootsnhvrcvfsugrmdljaa 101 31 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 101 32 Ē2 ē2 CD work_i5jewootsnhvrcvfsugrmdljaa 101 33 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 101 34 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 101 35 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 101 36 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 101 37 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 101 38 α α NNP work_i5jewootsnhvrcvfsugrmdljaa 101 39 & & CC work_i5jewootsnhvrcvfsugrmdljaa 101 40 μ1 μ1 NNP work_i5jewootsnhvrcvfsugrmdljaa 101 41 γ1 γ1 NNP work_i5jewootsnhvrcvfsugrmdljaa 101 42 λ1 λ1 NNP work_i5jewootsnhvrcvfsugrmdljaa 101 43 & & CC work_i5jewootsnhvrcvfsugrmdljaa 101 44 μ2 μ2 NNP work_i5jewootsnhvrcvfsugrmdljaa 101 45 γ2 γ2 NNP work_i5jewootsnhvrcvfsugrmdljaa 101 46 λ2 λ2 NNP work_i5jewootsnhvrcvfsugrmdljaa 101 47 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 101 48 y y NNP work_i5jewootsnhvrcvfsugrmdljaa 101 49 % % NN work_i5jewootsnhvrcvfsugrmdljaa 101 50 βQ% βq% XX work_i5jewootsnhvrcvfsugrmdljaa 101 51 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 101 52 μ1γ1 μ1γ1 NNP work_i5jewootsnhvrcvfsugrmdljaa 101 53 κ1 κ1 NNP work_i5jewootsnhvrcvfsugrmdljaa 101 54 p1 p1 NNP work_i5jewootsnhvrcvfsugrmdljaa 101 55 % % NN work_i5jewootsnhvrcvfsugrmdljaa 101 56 μ2γ2 μ2γ2 ADD work_i5jewootsnhvrcvfsugrmdljaa 101 57 κ2 κ2 NNP work_i5jewootsnhvrcvfsugrmdljaa 101 58 p2 p2 NNP work_i5jewootsnhvrcvfsugrmdljaa 101 59 & & CC work_i5jewootsnhvrcvfsugrmdljaa 101 60 μ2γ2ξ21 μ2γ2ξ21 NNP work_i5jewootsnhvrcvfsugrmdljaa 101 61 p1 p1 NNP work_i5jewootsnhvrcvfsugrmdljaa 101 62 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 101 63 α α NNP work_i5jewootsnhvrcvfsugrmdljaa 101 64 % % NN work_i5jewootsnhvrcvfsugrmdljaa 101 65 β β NNP work_i5jewootsnhvrcvfsugrmdljaa 101 66 % % NN work_i5jewootsnhvrcvfsugrmdljaa 101 67 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 101 68 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 101 69 1γ1 1γ1 CD work_i5jewootsnhvrcvfsugrmdljaa 101 70 % % NN work_i5jewootsnhvrcvfsugrmdljaa 101 71 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 101 72 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 101 73 2γ2 2γ2 CD work_i5jewootsnhvrcvfsugrmdljaa 101 74 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 101 75 5b 5b NN work_i5jewootsnhvrcvfsugrmdljaa 101 76 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 101 77 .Ē1 .Ē1 . work_i5jewootsnhvrcvfsugrmdljaa 101 78 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 101 79 p2 p2 NN work_i5jewootsnhvrcvfsugrmdljaa 101 80 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 101 81 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 101 82 κ2 κ2 NN work_i5jewootsnhvrcvfsugrmdljaa 101 83 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 101 84 λ2y λ2y HYPH work_i5jewootsnhvrcvfsugrmdljaa 101 85 % % NN work_i5jewootsnhvrcvfsugrmdljaa 101 86 μ2 μ2 NN work_i5jewootsnhvrcvfsugrmdljaa 101 87 Ē1 ē1 CD work_i5jewootsnhvrcvfsugrmdljaa 101 88 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 101 89 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 101 90 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 101 91 % % NN work_i5jewootsnhvrcvfsugrmdljaa 101 92 ξ21 ξ21 NN work_i5jewootsnhvrcvfsugrmdljaa 101 93 p1 p1 NN work_i5jewootsnhvrcvfsugrmdljaa 101 94 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 101 95 When when WRB work_i5jewootsnhvrcvfsugrmdljaa 101 96 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 101 97 5a)-(5b 5a)-(5b CD work_i5jewootsnhvrcvfsugrmdljaa 101 98 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 101 99 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 101 100 inserted insert VBN work_i5jewootsnhvrcvfsugrmdljaa 101 101 into into IN work_i5jewootsnhvrcvfsugrmdljaa 101 102 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 101 103 1c 1c CD work_i5jewootsnhvrcvfsugrmdljaa 101 104 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 101 105 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 101 106 end end VBP work_i5jewootsnhvrcvfsugrmdljaa 101 107 up up RP work_i5jewootsnhvrcvfsugrmdljaa 101 108 with with IN work_i5jewootsnhvrcvfsugrmdljaa 101 109 two two CD work_i5jewootsnhvrcvfsugrmdljaa 101 110 equations equation NNS work_i5jewootsnhvrcvfsugrmdljaa 101 111 in in IN work_i5jewootsnhvrcvfsugrmdljaa 101 112 the the DT work_i5jewootsnhvrcvfsugrmdljaa 101 113 two two CD work_i5jewootsnhvrcvfsugrmdljaa 101 114 unknown unknown JJ work_i5jewootsnhvrcvfsugrmdljaa 101 115 prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 101 116 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 101 117 can can MD work_i5jewootsnhvrcvfsugrmdljaa 101 118 now now RB work_i5jewootsnhvrcvfsugrmdljaa 101 119 be be VB work_i5jewootsnhvrcvfsugrmdljaa 101 120 computed compute VBN work_i5jewootsnhvrcvfsugrmdljaa 101 121 . . . work_i5jewootsnhvrcvfsugrmdljaa 102 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 102 2 final final JJ work_i5jewootsnhvrcvfsugrmdljaa 102 3 step step NN work_i5jewootsnhvrcvfsugrmdljaa 102 4 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 102 5 to to TO work_i5jewootsnhvrcvfsugrmdljaa 102 6 match match VB work_i5jewootsnhvrcvfsugrmdljaa 102 7 coefficients coefficient NNS work_i5jewootsnhvrcvfsugrmdljaa 102 8 of of IN work_i5jewootsnhvrcvfsugrmdljaa 102 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 102 10 price price NN work_i5jewootsnhvrcvfsugrmdljaa 102 11 functions function NNS work_i5jewootsnhvrcvfsugrmdljaa 102 12 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 102 13 1a)-(1b 1a)-(1b CD work_i5jewootsnhvrcvfsugrmdljaa 102 14 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 102 15 in in IN work_i5jewootsnhvrcvfsugrmdljaa 102 16 order order NN work_i5jewootsnhvrcvfsugrmdljaa 102 17 to to TO work_i5jewootsnhvrcvfsugrmdljaa 102 18 identify identify VB work_i5jewootsnhvrcvfsugrmdljaa 102 19 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 102 20 , , , work_i5jewootsnhvrcvfsugrmdljaa 102 21 ξ21 ξ21 NN work_i5jewootsnhvrcvfsugrmdljaa 102 22 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 102 23 . . . work_i5jewootsnhvrcvfsugrmdljaa 103 1 For for IN work_i5jewootsnhvrcvfsugrmdljaa 103 2 details detail NNS work_i5jewootsnhvrcvfsugrmdljaa 103 3 of of IN work_i5jewootsnhvrcvfsugrmdljaa 103 4 these these DT work_i5jewootsnhvrcvfsugrmdljaa 103 5 computations computation NNS work_i5jewootsnhvrcvfsugrmdljaa 103 6 see see VBP work_i5jewootsnhvrcvfsugrmdljaa 103 7 Allen Allen NNP work_i5jewootsnhvrcvfsugrmdljaa 103 8 , , , work_i5jewootsnhvrcvfsugrmdljaa 103 9 Morris Morris NNP work_i5jewootsnhvrcvfsugrmdljaa 103 10 and and CC work_i5jewootsnhvrcvfsugrmdljaa 103 11 Shinκ1 Shinκ1 NNP work_i5jewootsnhvrcvfsugrmdljaa 103 12 , , , work_i5jewootsnhvrcvfsugrmdljaa 103 13 λ1 λ1 NN work_i5jewootsnhvrcvfsugrmdljaa 103 14 , , , work_i5jewootsnhvrcvfsugrmdljaa 103 15 μ1 μ1 NN work_i5jewootsnhvrcvfsugrmdljaa 103 16 , , , work_i5jewootsnhvrcvfsugrmdljaa 103 17 κ2 κ2 NNP work_i5jewootsnhvrcvfsugrmdljaa 103 18 , , , work_i5jewootsnhvrcvfsugrmdljaa 103 19 λ2 λ2 NNP work_i5jewootsnhvrcvfsugrmdljaa 103 20 , , , work_i5jewootsnhvrcvfsugrmdljaa 103 21 μ2 μ2 NN work_i5jewootsnhvrcvfsugrmdljaa 103 22 3 3 CD work_i5jewootsnhvrcvfsugrmdljaa 103 23 For for IN work_i5jewootsnhvrcvfsugrmdljaa 103 24 discussion discussion NN work_i5jewootsnhvrcvfsugrmdljaa 103 25 of of IN work_i5jewootsnhvrcvfsugrmdljaa 103 26 the the DT work_i5jewootsnhvrcvfsugrmdljaa 103 27 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 103 28 long long RB work_i5jewootsnhvrcvfsugrmdljaa 103 29 lived live VBD work_i5jewootsnhvrcvfsugrmdljaa 103 30 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 103 31 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 103 32 see see VBP work_i5jewootsnhvrcvfsugrmdljaa 103 33 He -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 103 34 and and CC work_i5jewootsnhvrcvfsugrmdljaa 103 35 Wang Wang NNP work_i5jewootsnhvrcvfsugrmdljaa 103 36 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 103 37 1995 1995 CD work_i5jewootsnhvrcvfsugrmdljaa 103 38 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 103 39 and and CC work_i5jewootsnhvrcvfsugrmdljaa 103 40 Appendix Appendix NNP work_i5jewootsnhvrcvfsugrmdljaa 103 41 A A NNP work_i5jewootsnhvrcvfsugrmdljaa 103 42 of of IN work_i5jewootsnhvrcvfsugrmdljaa 103 43 Allen Allen NNP work_i5jewootsnhvrcvfsugrmdljaa 103 44 , , , work_i5jewootsnhvrcvfsugrmdljaa 103 45 Morris Morris NNP work_i5jewootsnhvrcvfsugrmdljaa 103 46 and and CC work_i5jewootsnhvrcvfsugrmdljaa 103 47 Shin Shin NNP work_i5jewootsnhvrcvfsugrmdljaa 103 48 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 103 49 2003 2003 CD work_i5jewootsnhvrcvfsugrmdljaa 103 50 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 103 51 . . . work_i5jewootsnhvrcvfsugrmdljaa 104 1 For for IN work_i5jewootsnhvrcvfsugrmdljaa 104 2 a a DT work_i5jewootsnhvrcvfsugrmdljaa 104 3 simple simple JJ work_i5jewootsnhvrcvfsugrmdljaa 104 4 exposition exposition NN work_i5jewootsnhvrcvfsugrmdljaa 104 5 of of IN work_i5jewootsnhvrcvfsugrmdljaa 104 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 104 7 hedging hedge VBG work_i5jewootsnhvrcvfsugrmdljaa 104 8 demand demand NN work_i5jewootsnhvrcvfsugrmdljaa 104 9 in in IN work_i5jewootsnhvrcvfsugrmdljaa 104 10 a a DT work_i5jewootsnhvrcvfsugrmdljaa 104 11 two two CD work_i5jewootsnhvrcvfsugrmdljaa 104 12 period period NN work_i5jewootsnhvrcvfsugrmdljaa 104 13 economy economy NN work_i5jewootsnhvrcvfsugrmdljaa 104 14 see see VB work_i5jewootsnhvrcvfsugrmdljaa 104 15 Brown Brown NNP work_i5jewootsnhvrcvfsugrmdljaa 104 16 and and CC work_i5jewootsnhvrcvfsugrmdljaa 104 17 Jennings Jennings NNP work_i5jewootsnhvrcvfsugrmdljaa 104 18 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 104 19 1989 1989 CD work_i5jewootsnhvrcvfsugrmdljaa 104 20 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 104 21 . . . work_i5jewootsnhvrcvfsugrmdljaa 105 1 7 7 CD work_i5jewootsnhvrcvfsugrmdljaa 105 2 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 105 3 2003 2003 CD work_i5jewootsnhvrcvfsugrmdljaa 105 4 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 105 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 105 6 Appendix Appendix NNP work_i5jewootsnhvrcvfsugrmdljaa 105 7 A. A. NNP work_i5jewootsnhvrcvfsugrmdljaa 106 1 It -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 106 2 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 106 3 useful useful JJ work_i5jewootsnhvrcvfsugrmdljaa 106 4 to to TO work_i5jewootsnhvrcvfsugrmdljaa 106 5 write write VB work_i5jewootsnhvrcvfsugrmdljaa 106 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 106 7 forecasts forecast NNS work_i5jewootsnhvrcvfsugrmdljaa 106 8 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 106 9 4b 4b NNP work_i5jewootsnhvrcvfsugrmdljaa 106 10 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 106 11 and and CC work_i5jewootsnhvrcvfsugrmdljaa 106 12 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 106 13 5a 5a NN work_i5jewootsnhvrcvfsugrmdljaa 106 14 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 106 15 in in IN work_i5jewootsnhvrcvfsugrmdljaa 106 16 terms term NNS work_i5jewootsnhvrcvfsugrmdljaa 106 17 of of IN work_i5jewootsnhvrcvfsugrmdljaa 106 18 unknown unknown JJ work_i5jewootsnhvrcvfsugrmdljaa 106 19 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 106 20 : : : work_i5jewootsnhvrcvfsugrmdljaa 106 21 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 106 22 4b 4b NNS work_i5jewootsnhvrcvfsugrmdljaa 106 23 ’ ' '' work_i5jewootsnhvrcvfsugrmdljaa 106 24 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 106 25 E e UH work_i5jewootsnhvrcvfsugrmdljaa 106 26 i i FW work_i5jewootsnhvrcvfsugrmdljaa 106 27 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 106 28 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 106 29 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 106 30 H H NNP work_i5jewootsnhvrcvfsugrmdljaa 106 31 i i NN work_i5jewootsnhvrcvfsugrmdljaa 106 32 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 106 33 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 106 34 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 106 35 αy αy IN work_i5jewootsnhvrcvfsugrmdljaa 106 36 % % NN work_i5jewootsnhvrcvfsugrmdljaa 106 37 βx βx NN work_i5jewootsnhvrcvfsugrmdljaa 106 38 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 106 39 % % NN work_i5jewootsnhvrcvfsugrmdljaa 106 40 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 106 41 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 106 42 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 106 43 1γ1 1γ1 CD work_i5jewootsnhvrcvfsugrmdljaa 106 44 % % NN work_i5jewootsnhvrcvfsugrmdljaa 106 45 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 106 46 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 106 47 2γ2 2γ2 CD work_i5jewootsnhvrcvfsugrmdljaa 106 48 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 106 49 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 106 50 α α CD work_i5jewootsnhvrcvfsugrmdljaa 106 51 % % NN work_i5jewootsnhvrcvfsugrmdljaa 106 52 β β NN work_i5jewootsnhvrcvfsugrmdljaa 106 53 % % NN work_i5jewootsnhvrcvfsugrmdljaa 106 54 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 106 55 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 106 56 1γ1 1γ1 CD work_i5jewootsnhvrcvfsugrmdljaa 106 57 % % NN work_i5jewootsnhvrcvfsugrmdljaa 106 58 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 106 59 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 106 60 2γ2 2γ2 CD work_i5jewootsnhvrcvfsugrmdljaa 106 61 & & CC work_i5jewootsnhvrcvfsugrmdljaa 106 62 μ1γ1S1 μ1γ1S1 NNP work_i5jewootsnhvrcvfsugrmdljaa 106 63 % % NN work_i5jewootsnhvrcvfsugrmdljaa 106 64 μ2γ2S2 μ2γ2S2 NNP work_i5jewootsnhvrcvfsugrmdljaa 106 65 α α CD work_i5jewootsnhvrcvfsugrmdljaa 106 66 % % NN work_i5jewootsnhvrcvfsugrmdljaa 106 67 β β NNP work_i5jewootsnhvrcvfsugrmdljaa 106 68 % % NN work_i5jewootsnhvrcvfsugrmdljaa 106 69 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 106 70 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 106 71 1γ1 1γ1 CD work_i5jewootsnhvrcvfsugrmdljaa 106 72 % % NN work_i5jewootsnhvrcvfsugrmdljaa 106 73 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 106 74 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 106 75 2γ2 2γ2 CD work_i5jewootsnhvrcvfsugrmdljaa 106 76 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 106 77 5a 5a CD work_i5jewootsnhvrcvfsugrmdljaa 106 78 ’ ' '' work_i5jewootsnhvrcvfsugrmdljaa 106 79 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 106 80 .Ē2 .Ē2 . work_i5jewootsnhvrcvfsugrmdljaa 106 81 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 106 82 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 106 83 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 106 84 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 106 85 α α NNP work_i5jewootsnhvrcvfsugrmdljaa 106 86 y y NNP work_i5jewootsnhvrcvfsugrmdljaa 106 87 % % NN work_i5jewootsnhvrcvfsugrmdljaa 106 88 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 106 89 β%μ β%μ NNS work_i5jewootsnhvrcvfsugrmdljaa 106 90 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 106 91 1γ1 1γ1 CD work_i5jewootsnhvrcvfsugrmdljaa 106 92 % % NN work_i5jewootsnhvrcvfsugrmdljaa 106 93 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 106 94 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 106 95 2γ2 2γ2 CD work_i5jewootsnhvrcvfsugrmdljaa 106 96 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 106 97 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 106 98 α α CD work_i5jewootsnhvrcvfsugrmdljaa 106 99 % % NN work_i5jewootsnhvrcvfsugrmdljaa 106 100 β β NN work_i5jewootsnhvrcvfsugrmdljaa 106 101 % % NN work_i5jewootsnhvrcvfsugrmdljaa 106 102 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 106 103 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 106 104 1γ1 1γ1 CD work_i5jewootsnhvrcvfsugrmdljaa 106 105 % % NN work_i5jewootsnhvrcvfsugrmdljaa 106 106 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 106 107 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 106 108 2γ2 2γ2 CD work_i5jewootsnhvrcvfsugrmdljaa 106 109 & & CC work_i5jewootsnhvrcvfsugrmdljaa 106 110 μ1γ1S1 μ1γ1S1 NNP work_i5jewootsnhvrcvfsugrmdljaa 106 111 % % NN work_i5jewootsnhvrcvfsugrmdljaa 106 112 μ2γ2S2 μ2γ2S2 NNP work_i5jewootsnhvrcvfsugrmdljaa 106 113 α α CD work_i5jewootsnhvrcvfsugrmdljaa 106 114 % % NN work_i5jewootsnhvrcvfsugrmdljaa 106 115 β β NNP work_i5jewootsnhvrcvfsugrmdljaa 106 116 % % NN work_i5jewootsnhvrcvfsugrmdljaa 106 117 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 106 118 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 106 119 1γ1 1γ1 CD work_i5jewootsnhvrcvfsugrmdljaa 106 120 % % NN work_i5jewootsnhvrcvfsugrmdljaa 106 121 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 106 122 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 106 123 2γ2 2γ2 CD work_i5jewootsnhvrcvfsugrmdljaa 106 124 What what WP work_i5jewootsnhvrcvfsugrmdljaa 106 125 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 106 126 the the DT work_i5jewootsnhvrcvfsugrmdljaa 106 127 length length NN work_i5jewootsnhvrcvfsugrmdljaa 106 128 of of IN work_i5jewootsnhvrcvfsugrmdljaa 106 129 memory memory NN work_i5jewootsnhvrcvfsugrmdljaa 106 130 in in IN work_i5jewootsnhvrcvfsugrmdljaa 106 131 prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 106 132 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 107 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 107 2 model model NN work_i5jewootsnhvrcvfsugrmdljaa 107 3 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 107 4 static static JJ work_i5jewootsnhvrcvfsugrmdljaa 107 5 but but CC work_i5jewootsnhvrcvfsugrmdljaa 107 6 multiple multiple JJ work_i5jewootsnhvrcvfsugrmdljaa 107 7 trading trading NN work_i5jewootsnhvrcvfsugrmdljaa 107 8 rounds round NNS work_i5jewootsnhvrcvfsugrmdljaa 107 9 provide provide VBP work_i5jewootsnhvrcvfsugrmdljaa 107 10 opportunities opportunity NNS work_i5jewootsnhvrcvfsugrmdljaa 107 11 to to TO work_i5jewootsnhvrcvfsugrmdljaa 107 12 deduce deduce VB work_i5jewootsnhvrcvfsugrmdljaa 107 13 more more JJR work_i5jewootsnhvrcvfsugrmdljaa 107 14 information information NN work_i5jewootsnhvrcvfsugrmdljaa 107 15 from from IN work_i5jewootsnhvrcvfsugrmdljaa 107 16 prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 107 17 about about IN work_i5jewootsnhvrcvfsugrmdljaa 107 18 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 107 19 , , , work_i5jewootsnhvrcvfsugrmdljaa 107 20 revealed reveal VBD work_i5jewootsnhvrcvfsugrmdljaa 107 21 after after IN work_i5jewootsnhvrcvfsugrmdljaa 107 22 N n NN work_i5jewootsnhvrcvfsugrmdljaa 107 23 rounds round NNS work_i5jewootsnhvrcvfsugrmdljaa 107 24 . . . work_i5jewootsnhvrcvfsugrmdljaa 108 1 As as IN work_i5jewootsnhvrcvfsugrmdljaa 108 2 trading trading NN work_i5jewootsnhvrcvfsugrmdljaa 108 3 continues continue VBZ work_i5jewootsnhvrcvfsugrmdljaa 108 4 , , , work_i5jewootsnhvrcvfsugrmdljaa 108 5 the the DT work_i5jewootsnhvrcvfsugrmdljaa 108 6 memory memory NN work_i5jewootsnhvrcvfsugrmdljaa 108 7 of of IN work_i5jewootsnhvrcvfsugrmdljaa 108 8 all all DT work_i5jewootsnhvrcvfsugrmdljaa 108 9 past past JJ work_i5jewootsnhvrcvfsugrmdljaa 108 10 prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 108 11 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 108 12 preserved preserve VBN work_i5jewootsnhvrcvfsugrmdljaa 108 13 since since IN work_i5jewootsnhvrcvfsugrmdljaa 108 14 prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 108 15 depend depend VBP work_i5jewootsnhvrcvfsugrmdljaa 108 16 upon upon IN work_i5jewootsnhvrcvfsugrmdljaa 108 17 all all DT work_i5jewootsnhvrcvfsugrmdljaa 108 18 unobserved unobserved JJ work_i5jewootsnhvrcvfsugrmdljaa 108 19 supply supply NN work_i5jewootsnhvrcvfsugrmdljaa 108 20 shocks shock NNS work_i5jewootsnhvrcvfsugrmdljaa 108 21 . . . work_i5jewootsnhvrcvfsugrmdljaa 109 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 109 2 such such PDT work_i5jewootsnhvrcvfsugrmdljaa 109 3 a a DT work_i5jewootsnhvrcvfsugrmdljaa 109 4 case case NN work_i5jewootsnhvrcvfsugrmdljaa 109 5 the the DT work_i5jewootsnhvrcvfsugrmdljaa 109 6 price price NN work_i5jewootsnhvrcvfsugrmdljaa 109 7 system system NN work_i5jewootsnhvrcvfsugrmdljaa 109 8 can can MD work_i5jewootsnhvrcvfsugrmdljaa 109 9 never never RB work_i5jewootsnhvrcvfsugrmdljaa 109 10 be be VB work_i5jewootsnhvrcvfsugrmdljaa 109 11 a a DT work_i5jewootsnhvrcvfsugrmdljaa 109 12 finite finite JJ work_i5jewootsnhvrcvfsugrmdljaa 109 13 memory memory NN work_i5jewootsnhvrcvfsugrmdljaa 109 14 Markovian markovian JJ work_i5jewootsnhvrcvfsugrmdljaa 109 15 process process NN work_i5jewootsnhvrcvfsugrmdljaa 109 16 . . . work_i5jewootsnhvrcvfsugrmdljaa 110 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 110 2 model model NN work_i5jewootsnhvrcvfsugrmdljaa 110 3 has have VBZ work_i5jewootsnhvrcvfsugrmdljaa 110 4 , , , work_i5jewootsnhvrcvfsugrmdljaa 110 5 indeed indeed RB work_i5jewootsnhvrcvfsugrmdljaa 110 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 110 7 been be VBN work_i5jewootsnhvrcvfsugrmdljaa 110 8 extended extend VBN work_i5jewootsnhvrcvfsugrmdljaa 110 9 to to IN work_i5jewootsnhvrcvfsugrmdljaa 110 10 multi multi JJ work_i5jewootsnhvrcvfsugrmdljaa 110 11 period period NN work_i5jewootsnhvrcvfsugrmdljaa 110 12 trading trade VBG work_i5jewootsnhvrcvfsugrmdljaa 110 13 where where WRB work_i5jewootsnhvrcvfsugrmdljaa 110 14 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 110 15 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 110 16 revealed reveal VBN work_i5jewootsnhvrcvfsugrmdljaa 110 17 N N NNP work_i5jewootsnhvrcvfsugrmdljaa 110 18 periods period NNS work_i5jewootsnhvrcvfsugrmdljaa 110 19 later later RB work_i5jewootsnhvrcvfsugrmdljaa 110 20 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 110 21 see see VB work_i5jewootsnhvrcvfsugrmdljaa 110 22 Brown Brown NNP work_i5jewootsnhvrcvfsugrmdljaa 110 23 and and CC work_i5jewootsnhvrcvfsugrmdljaa 110 24 Jennings Jennings NNP work_i5jewootsnhvrcvfsugrmdljaa 110 25 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 110 26 1989 1989 CD work_i5jewootsnhvrcvfsugrmdljaa 110 27 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 110 28 , , , work_i5jewootsnhvrcvfsugrmdljaa 110 29 Grundy Grundy NNP work_i5jewootsnhvrcvfsugrmdljaa 110 30 and and CC work_i5jewootsnhvrcvfsugrmdljaa 110 31 McNichols McNichols NNP work_i5jewootsnhvrcvfsugrmdljaa 110 32 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 110 33 1989 1989 CD work_i5jewootsnhvrcvfsugrmdljaa 110 34 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 110 35 , , , work_i5jewootsnhvrcvfsugrmdljaa 110 36 He He NNP work_i5jewootsnhvrcvfsugrmdljaa 110 37 and and CC work_i5jewootsnhvrcvfsugrmdljaa 110 38 Wang Wang NNP work_i5jewootsnhvrcvfsugrmdljaa 110 39 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 110 40 1995 1995 CD work_i5jewootsnhvrcvfsugrmdljaa 110 41 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 110 42 and and CC work_i5jewootsnhvrcvfsugrmdljaa 110 43 Allen Allen NNP work_i5jewootsnhvrcvfsugrmdljaa 110 44 , , , work_i5jewootsnhvrcvfsugrmdljaa 110 45 Morris Morris NNP work_i5jewootsnhvrcvfsugrmdljaa 110 46 and and CC work_i5jewootsnhvrcvfsugrmdljaa 110 47 Shin Shin NNP work_i5jewootsnhvrcvfsugrmdljaa 110 48 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 110 49 2003 2003 CD work_i5jewootsnhvrcvfsugrmdljaa 110 50 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 110 51 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 110 52 . . . work_i5jewootsnhvrcvfsugrmdljaa 111 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 111 2 these these DT work_i5jewootsnhvrcvfsugrmdljaa 111 3 models model NNS work_i5jewootsnhvrcvfsugrmdljaa 111 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 111 5 complexity complexity NN work_i5jewootsnhvrcvfsugrmdljaa 111 6 of of IN work_i5jewootsnhvrcvfsugrmdljaa 111 7 inference inference NN work_i5jewootsnhvrcvfsugrmdljaa 111 8 depends depend VBZ work_i5jewootsnhvrcvfsugrmdljaa 111 9 upon upon IN work_i5jewootsnhvrcvfsugrmdljaa 111 10 the the DT work_i5jewootsnhvrcvfsugrmdljaa 111 11 presence presence NN work_i5jewootsnhvrcvfsugrmdljaa 111 12 of of IN work_i5jewootsnhvrcvfsugrmdljaa 111 13 a a DT work_i5jewootsnhvrcvfsugrmdljaa 111 14 hedging hedge VBG work_i5jewootsnhvrcvfsugrmdljaa 111 15 demand demand NN work_i5jewootsnhvrcvfsugrmdljaa 111 16 of of IN work_i5jewootsnhvrcvfsugrmdljaa 111 17 long long RB work_i5jewootsnhvrcvfsugrmdljaa 111 18 lived live VBN work_i5jewootsnhvrcvfsugrmdljaa 111 19 traders3 traders3 NN work_i5jewootsnhvrcvfsugrmdljaa 111 20 . . . work_i5jewootsnhvrcvfsugrmdljaa 112 1 However however RB work_i5jewootsnhvrcvfsugrmdljaa 112 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 112 3 for for IN work_i5jewootsnhvrcvfsugrmdljaa 112 4 both both DT work_i5jewootsnhvrcvfsugrmdljaa 112 5 long long JJ work_i5jewootsnhvrcvfsugrmdljaa 112 6 and and CC work_i5jewootsnhvrcvfsugrmdljaa 112 7 short short JJ work_i5jewootsnhvrcvfsugrmdljaa 112 8 lived live VBD work_i5jewootsnhvrcvfsugrmdljaa 112 9 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 112 10 the the DT work_i5jewootsnhvrcvfsugrmdljaa 112 11 number number NN work_i5jewootsnhvrcvfsugrmdljaa 112 12 of of IN work_i5jewootsnhvrcvfsugrmdljaa 112 13 trading trading NN work_i5jewootsnhvrcvfsugrmdljaa 112 14 rounds round NNS work_i5jewootsnhvrcvfsugrmdljaa 112 15 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 112 16 an an DT work_i5jewootsnhvrcvfsugrmdljaa 112 17 arbitrary arbitrary JJ work_i5jewootsnhvrcvfsugrmdljaa 112 18 modeling modeling NN work_i5jewootsnhvrcvfsugrmdljaa 112 19 construct construct NN work_i5jewootsnhvrcvfsugrmdljaa 112 20 . . . work_i5jewootsnhvrcvfsugrmdljaa 113 1 It -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 113 2 would would MD work_i5jewootsnhvrcvfsugrmdljaa 113 3 thus thus RB work_i5jewootsnhvrcvfsugrmdljaa 113 4 be be VB work_i5jewootsnhvrcvfsugrmdljaa 113 5 instructive instructive JJ work_i5jewootsnhvrcvfsugrmdljaa 113 6 to to TO work_i5jewootsnhvrcvfsugrmdljaa 113 7 examine examine VB work_i5jewootsnhvrcvfsugrmdljaa 113 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 113 9 limit limit NN work_i5jewootsnhvrcvfsugrmdljaa 113 10 behavior behavior NN work_i5jewootsnhvrcvfsugrmdljaa 113 11 of of IN work_i5jewootsnhvrcvfsugrmdljaa 113 12 the the DT work_i5jewootsnhvrcvfsugrmdljaa 113 13 model model NN work_i5jewootsnhvrcvfsugrmdljaa 113 14 . . . work_i5jewootsnhvrcvfsugrmdljaa 114 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 114 2 a a DT work_i5jewootsnhvrcvfsugrmdljaa 114 3 third third JJ work_i5jewootsnhvrcvfsugrmdljaa 114 4 round round NN work_i5jewootsnhvrcvfsugrmdljaa 114 5 of of IN work_i5jewootsnhvrcvfsugrmdljaa 114 6 trading trading NN work_i5jewootsnhvrcvfsugrmdljaa 114 7 by by IN work_i5jewootsnhvrcvfsugrmdljaa 114 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 114 9 short short JJ work_i5jewootsnhvrcvfsugrmdljaa 114 10 lived live VBD work_i5jewootsnhvrcvfsugrmdljaa 114 11 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 114 12 the the DT work_i5jewootsnhvrcvfsugrmdljaa 114 13 price price NN work_i5jewootsnhvrcvfsugrmdljaa 114 14 map map NN work_i5jewootsnhvrcvfsugrmdljaa 114 15 becomes become VBZ work_i5jewootsnhvrcvfsugrmdljaa 114 16 .p3'κ3 .p3'κ3 . work_i5jewootsnhvrcvfsugrmdljaa 114 17 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 114 18 λ3y%μ3 λ3y%μ3 RB work_i5jewootsnhvrcvfsugrmdljaa 114 19 Q&S3 q&s3 CD work_i5jewootsnhvrcvfsugrmdljaa 114 20 % % NN work_i5jewootsnhvrcvfsugrmdljaa 114 21 ξ31 ξ31 CD work_i5jewootsnhvrcvfsugrmdljaa 114 22 p1 p1 NN work_i5jewootsnhvrcvfsugrmdljaa 114 23 % % NN work_i5jewootsnhvrcvfsugrmdljaa 114 24 ξ32 ξ32 NN work_i5jewootsnhvrcvfsugrmdljaa 114 25 p2 p2 NN work_i5jewootsnhvrcvfsugrmdljaa 114 26 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 114 27 Hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 114 28 , , , work_i5jewootsnhvrcvfsugrmdljaa 114 29 the the DT work_i5jewootsnhvrcvfsugrmdljaa 114 30 independent independent JJ work_i5jewootsnhvrcvfsugrmdljaa 114 31 supply supply NN work_i5jewootsnhvrcvfsugrmdljaa 114 32 shock shock NN work_i5jewootsnhvrcvfsugrmdljaa 114 33 leads lead VBZ work_i5jewootsnhvrcvfsugrmdljaa 114 34 to to IN work_i5jewootsnhvrcvfsugrmdljaa 114 35 an an DT work_i5jewootsnhvrcvfsugrmdljaa 114 36 updating updating JJ work_i5jewootsnhvrcvfsugrmdljaa 114 37 rule rule NN work_i5jewootsnhvrcvfsugrmdljaa 114 38 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 114 39 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 114 40 again again RB work_i5jewootsnhvrcvfsugrmdljaa 114 41 standard standard JJ work_i5jewootsnhvrcvfsugrmdljaa 114 42 .E .E . work_i5jewootsnhvrcvfsugrmdljaa 114 43 i(Q i(Q NFP work_i5jewootsnhvrcvfsugrmdljaa 114 44 | | NN work_i5jewootsnhvrcvfsugrmdljaa 114 45 H H NNP work_i5jewootsnhvrcvfsugrmdljaa 114 46 i i NN work_i5jewootsnhvrcvfsugrmdljaa 114 47 3 3 CD work_i5jewootsnhvrcvfsugrmdljaa 114 48 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 114 49 ' ' `` work_i5jewootsnhvrcvfsugrmdljaa 114 50 E e NN work_i5jewootsnhvrcvfsugrmdljaa 114 51 i(Q i(q NN work_i5jewootsnhvrcvfsugrmdljaa 114 52 | | JJ work_i5jewootsnhvrcvfsugrmdljaa 114 53 H h NN work_i5jewootsnhvrcvfsugrmdljaa 114 54 i i NN work_i5jewootsnhvrcvfsugrmdljaa 114 55 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 114 56 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 114 57 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 114 58 α%β%μ α%β%μ NNS work_i5jewootsnhvrcvfsugrmdljaa 114 59 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 114 60 1γ1 1γ1 CD work_i5jewootsnhvrcvfsugrmdljaa 114 61 % % NN work_i5jewootsnhvrcvfsugrmdljaa 114 62 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 114 63 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 114 64 2γ2 2γ2 CD work_i5jewootsnhvrcvfsugrmdljaa 114 65 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 114 66 % % NN work_i5jewootsnhvrcvfsugrmdljaa 114 67 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 114 68 κ3μ3 κ3μ3 NN work_i5jewootsnhvrcvfsugrmdljaa 114 69 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 114 70 p p NN work_i5jewootsnhvrcvfsugrmdljaa 114 71 3 3 CD work_i5jewootsnhvrcvfsugrmdljaa 114 72 & & CC work_i5jewootsnhvrcvfsugrmdljaa 114 73 κ κ NNP work_i5jewootsnhvrcvfsugrmdljaa 114 74 3 3 CD work_i5jewootsnhvrcvfsugrmdljaa 114 75 λ λ NNP work_i5jewootsnhvrcvfsugrmdljaa 114 76 3 3 CD work_i5jewootsnhvrcvfsugrmdljaa 114 77 y&κ y&κ NN work_i5jewootsnhvrcvfsugrmdljaa 114 78 3 3 CD work_i5jewootsnhvrcvfsugrmdljaa 114 79 ξ ξ NNP work_i5jewootsnhvrcvfsugrmdljaa 114 80 31 31 CD work_i5jewootsnhvrcvfsugrmdljaa 114 81 p p NN work_i5jewootsnhvrcvfsugrmdljaa 114 82 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 114 83 & & CC work_i5jewootsnhvrcvfsugrmdljaa 114 84 κ κ NNP work_i5jewootsnhvrcvfsugrmdljaa 114 85 3 3 CD work_i5jewootsnhvrcvfsugrmdljaa 114 86 ξ ξ NNP work_i5jewootsnhvrcvfsugrmdljaa 114 87 32 32 CD work_i5jewootsnhvrcvfsugrmdljaa 114 88 p p NN work_i5jewootsnhvrcvfsugrmdljaa 114 89 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 114 90 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 114 91 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 114 92 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 114 93 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 114 94 3 3 CD work_i5jewootsnhvrcvfsugrmdljaa 114 95 γ3 γ3 NNP work_i5jewootsnhvrcvfsugrmdljaa 114 96 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 114 97 α α NNP work_i5jewootsnhvrcvfsugrmdljaa 114 98 % % NN work_i5jewootsnhvrcvfsugrmdljaa 114 99 β β NNP work_i5jewootsnhvrcvfsugrmdljaa 114 100 % % NN work_i5jewootsnhvrcvfsugrmdljaa 114 101 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 114 102 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 114 103 1γ1 1γ1 CD work_i5jewootsnhvrcvfsugrmdljaa 114 104 % % NN work_i5jewootsnhvrcvfsugrmdljaa 114 105 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 114 106 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 114 107 2γ2 2γ2 CD work_i5jewootsnhvrcvfsugrmdljaa 114 108 % % NN work_i5jewootsnhvrcvfsugrmdljaa 114 109 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 114 110 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 114 111 3γ3 3γ3 CD work_i5jewootsnhvrcvfsugrmdljaa 114 112 Simplification Simplification NNP work_i5jewootsnhvrcvfsugrmdljaa 114 113 and and CC work_i5jewootsnhvrcvfsugrmdljaa 114 114 averaging average VBG work_i5jewootsnhvrcvfsugrmdljaa 114 115 over over IN work_i5jewootsnhvrcvfsugrmdljaa 114 116 the the DT work_i5jewootsnhvrcvfsugrmdljaa 114 117 population population NN work_i5jewootsnhvrcvfsugrmdljaa 114 118 leads lead VBZ work_i5jewootsnhvrcvfsugrmdljaa 114 119 to to IN work_i5jewootsnhvrcvfsugrmdljaa 114 120 the the DT work_i5jewootsnhvrcvfsugrmdljaa 114 121 market market NN work_i5jewootsnhvrcvfsugrmdljaa 114 122 forecast forecast NN work_i5jewootsnhvrcvfsugrmdljaa 114 123 Ē2 ē2 CD work_i5jewootsnhvrcvfsugrmdljaa 114 124 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 114 125 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 114 126 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 114 127 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 114 128 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 114 129 α α NNP work_i5jewootsnhvrcvfsugrmdljaa 114 130 & & CC work_i5jewootsnhvrcvfsugrmdljaa 114 131 μ1γ1λ1 μ1γ1λ1 NNP work_i5jewootsnhvrcvfsugrmdljaa 114 132 & & CC work_i5jewootsnhvrcvfsugrmdljaa 114 133 μ2γ2λ2 μ2γ2λ2 NNP work_i5jewootsnhvrcvfsugrmdljaa 114 134 & & CC work_i5jewootsnhvrcvfsugrmdljaa 114 135 μ3γ3λ3 μ3γ3λ3 NNP work_i5jewootsnhvrcvfsugrmdljaa 114 136 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 114 137 y y NNP work_i5jewootsnhvrcvfsugrmdljaa 114 138 % % NN work_i5jewootsnhvrcvfsugrmdljaa 114 139 βQ βQ NNP work_i5jewootsnhvrcvfsugrmdljaa 114 140 α α CD work_i5jewootsnhvrcvfsugrmdljaa 114 141 % % NN work_i5jewootsnhvrcvfsugrmdljaa 114 142 β β NNP work_i5jewootsnhvrcvfsugrmdljaa 114 143 % % NN work_i5jewootsnhvrcvfsugrmdljaa 114 144 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 114 145 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 114 146 1γ1 1γ1 CD work_i5jewootsnhvrcvfsugrmdljaa 114 147 % % NN work_i5jewootsnhvrcvfsugrmdljaa 114 148 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 114 149 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 114 150 2γ2 2γ2 CD work_i5jewootsnhvrcvfsugrmdljaa 114 151 % % NN work_i5jewootsnhvrcvfsugrmdljaa 114 152 .% .% . work_i5jewootsnhvrcvfsugrmdljaa 114 153 μ1γ1 μ1γ1 NNP work_i5jewootsnhvrcvfsugrmdljaa 114 154 κ1 κ1 NNP work_i5jewootsnhvrcvfsugrmdljaa 114 155 p1 p1 NNP work_i5jewootsnhvrcvfsugrmdljaa 114 156 % % NN work_i5jewootsnhvrcvfsugrmdljaa 114 157 μ2γ2 μ2γ2 ADD work_i5jewootsnhvrcvfsugrmdljaa 114 158 κ2 κ2 NNP work_i5jewootsnhvrcvfsugrmdljaa 114 159 p2 p2 NNP work_i5jewootsnhvrcvfsugrmdljaa 114 160 % % NNP work_i5jewootsnhvrcvfsugrmdljaa 114 161 μ3γ3 μ3γ3 `` work_i5jewootsnhvrcvfsugrmdljaa 114 162 κ3 κ3 NNP work_i5jewootsnhvrcvfsugrmdljaa 114 163 p3 p3 NNP work_i5jewootsnhvrcvfsugrmdljaa 114 164 & & CC work_i5jewootsnhvrcvfsugrmdljaa 114 165 μ3γ3ξ31 μ3γ3ξ31 NNP work_i5jewootsnhvrcvfsugrmdljaa 114 166 p1&μ3γ3ξ32 p1&μ3γ3ξ32 NNP work_i5jewootsnhvrcvfsugrmdljaa 114 167 p2 p2 NNP work_i5jewootsnhvrcvfsugrmdljaa 114 168 & & CC work_i5jewootsnhvrcvfsugrmdljaa 114 169 μ2γ2ξ21 μ2γ2ξ21 NNP work_i5jewootsnhvrcvfsugrmdljaa 114 170 p1 p1 NNP work_i5jewootsnhvrcvfsugrmdljaa 114 171 α α NNP work_i5jewootsnhvrcvfsugrmdljaa 114 172 % % NN work_i5jewootsnhvrcvfsugrmdljaa 114 173 β β NNP work_i5jewootsnhvrcvfsugrmdljaa 114 174 % % NN work_i5jewootsnhvrcvfsugrmdljaa 114 175 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 114 176 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 114 177 1γ1 1γ1 CD work_i5jewootsnhvrcvfsugrmdljaa 114 178 % % NN work_i5jewootsnhvrcvfsugrmdljaa 114 179 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 114 180 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 114 181 2γ2 2γ2 CD work_i5jewootsnhvrcvfsugrmdljaa 114 182 8 8 CD work_i5jewootsnhvrcvfsugrmdljaa 114 183 As as IN work_i5jewootsnhvrcvfsugrmdljaa 114 184 in in IN work_i5jewootsnhvrcvfsugrmdljaa 114 185 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 114 186 4b 4b NNS work_i5jewootsnhvrcvfsugrmdljaa 114 187 ’ ' '' work_i5jewootsnhvrcvfsugrmdljaa 114 188 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 114 189 individual individual NN work_i5jewootsnhvrcvfsugrmdljaa 114 190 and and CC work_i5jewootsnhvrcvfsugrmdljaa 114 191 market market NN work_i5jewootsnhvrcvfsugrmdljaa 114 192 forecasts forecast NNS work_i5jewootsnhvrcvfsugrmdljaa 114 193 can can MD work_i5jewootsnhvrcvfsugrmdljaa 114 194 be be VB work_i5jewootsnhvrcvfsugrmdljaa 114 195 expressed express VBN work_i5jewootsnhvrcvfsugrmdljaa 114 196 in in IN work_i5jewootsnhvrcvfsugrmdljaa 114 197 terms term NNS work_i5jewootsnhvrcvfsugrmdljaa 114 198 of of IN work_i5jewootsnhvrcvfsugrmdljaa 114 199 the the DT work_i5jewootsnhvrcvfsugrmdljaa 114 200 unobserved unobserved JJ work_i5jewootsnhvrcvfsugrmdljaa 114 201 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 114 202 . . . work_i5jewootsnhvrcvfsugrmdljaa 115 1 They -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 115 2 can can MD work_i5jewootsnhvrcvfsugrmdljaa 115 3 easily easily RB work_i5jewootsnhvrcvfsugrmdljaa 115 4 be be VB work_i5jewootsnhvrcvfsugrmdljaa 115 5 extended extend VBN work_i5jewootsnhvrcvfsugrmdljaa 115 6 to to IN work_i5jewootsnhvrcvfsugrmdljaa 115 7 N N NNP work_i5jewootsnhvrcvfsugrmdljaa 115 8 rounds round NNS work_i5jewootsnhvrcvfsugrmdljaa 115 9 of of IN work_i5jewootsnhvrcvfsugrmdljaa 115 10 trade trade NN work_i5jewootsnhvrcvfsugrmdljaa 115 11 and and CC work_i5jewootsnhvrcvfsugrmdljaa 115 12 take take VB work_i5jewootsnhvrcvfsugrmdljaa 115 13 the the DT work_i5jewootsnhvrcvfsugrmdljaa 115 14 general general JJ work_i5jewootsnhvrcvfsugrmdljaa 115 15 form form NN work_i5jewootsnhvrcvfsugrmdljaa 115 16 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 115 17 6 6 CD work_i5jewootsnhvrcvfsugrmdljaa 115 18 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 115 19 E e NN work_i5jewootsnhvrcvfsugrmdljaa 115 20 i(Q i(q NN work_i5jewootsnhvrcvfsugrmdljaa 115 21 | | JJ work_i5jewootsnhvrcvfsugrmdljaa 115 22 H h NN work_i5jewootsnhvrcvfsugrmdljaa 115 23 i i NN work_i5jewootsnhvrcvfsugrmdljaa 115 24 N n CD work_i5jewootsnhvrcvfsugrmdljaa 115 25 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 115 26 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 115 27 αy αy IN work_i5jewootsnhvrcvfsugrmdljaa 115 28 % % NN work_i5jewootsnhvrcvfsugrmdljaa 115 29 βx βx NN work_i5jewootsnhvrcvfsugrmdljaa 115 30 i%j i%j NNP work_i5jewootsnhvrcvfsugrmdljaa 115 31 N n CC work_i5jewootsnhvrcvfsugrmdljaa 115 32 j'1 j'1 NN work_i5jewootsnhvrcvfsugrmdljaa 115 33 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 115 34 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 115 35 j j NNP work_i5jewootsnhvrcvfsugrmdljaa 115 36 γj γj IN work_i5jewootsnhvrcvfsugrmdljaa 115 37 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 115 38 α α CD work_i5jewootsnhvrcvfsugrmdljaa 115 39 % % NN work_i5jewootsnhvrcvfsugrmdljaa 115 40 β β NN work_i5jewootsnhvrcvfsugrmdljaa 115 41 % % NN work_i5jewootsnhvrcvfsugrmdljaa 115 42 j j NNP work_i5jewootsnhvrcvfsugrmdljaa 115 43 N N NNP work_i5jewootsnhvrcvfsugrmdljaa 115 44 j'1 j'1 NNP work_i5jewootsnhvrcvfsugrmdljaa 115 45 μ μ NNP work_i5jewootsnhvrcvfsugrmdljaa 115 46 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 115 47 j j NNP work_i5jewootsnhvrcvfsugrmdljaa 115 48 γj γj NNP work_i5jewootsnhvrcvfsugrmdljaa 115 49 & & CC work_i5jewootsnhvrcvfsugrmdljaa 115 50 j j NNP work_i5jewootsnhvrcvfsugrmdljaa 115 51 N N NNP work_i5jewootsnhvrcvfsugrmdljaa 115 52 j'1 j'1 NN work_i5jewootsnhvrcvfsugrmdljaa 115 53 μj μj PRP work_i5jewootsnhvrcvfsugrmdljaa 115 54 γj γj PRP work_i5jewootsnhvrcvfsugrmdljaa 115 55 Sj Sj NNP work_i5jewootsnhvrcvfsugrmdljaa 115 56 α α CD work_i5jewootsnhvrcvfsugrmdljaa 115 57 % % NN work_i5jewootsnhvrcvfsugrmdljaa 115 58 β β NN work_i5jewootsnhvrcvfsugrmdljaa 115 59 % % NN work_i5jewootsnhvrcvfsugrmdljaa 115 60 j j NNP work_i5jewootsnhvrcvfsugrmdljaa 115 61 N N NNP work_i5jewootsnhvrcvfsugrmdljaa 115 62 j'1 j'1 NNP work_i5jewootsnhvrcvfsugrmdljaa 115 63 μ μ NNP work_i5jewootsnhvrcvfsugrmdljaa 115 64 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 115 65 j j NNP work_i5jewootsnhvrcvfsugrmdljaa 115 66 γj γj NNP work_i5jewootsnhvrcvfsugrmdljaa 115 67 A a DT work_i5jewootsnhvrcvfsugrmdljaa 115 68 standard standard JJ work_i5jewootsnhvrcvfsugrmdljaa 115 69 argument argument NN work_i5jewootsnhvrcvfsugrmdljaa 115 70 shows show VBZ work_i5jewootsnhvrcvfsugrmdljaa 115 71 the the DT work_i5jewootsnhvrcvfsugrmdljaa 115 72 converge converge NN work_i5jewootsnhvrcvfsugrmdljaa 115 73 . . . work_i5jewootsnhvrcvfsugrmdljaa 116 1 For for IN work_i5jewootsnhvrcvfsugrmdljaa 116 2 simplicity simplicity NN work_i5jewootsnhvrcvfsugrmdljaa 116 3 assume assume VB work_i5jewootsnhvrcvfsugrmdljaa 116 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 116 5 precision precision NN work_i5jewootsnhvrcvfsugrmdljaa 116 6 of of IN work_i5jewootsnhvrcvfsugrmdljaa 116 7 Sj Sj NNP work_i5jewootsnhvrcvfsugrmdljaa 116 8 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 116 9 constantμj constantμj NN work_i5jewootsnhvrcvfsugrmdljaa 116 10 hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 116 11 = = SYM work_i5jewootsnhvrcvfsugrmdljaa 116 12 γ γ NNP work_i5jewootsnhvrcvfsugrmdljaa 116 13 . . . work_i5jewootsnhvrcvfsugrmdljaa 117 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 117 2 independence independence NN work_i5jewootsnhvrcvfsugrmdljaa 117 3 property property NN work_i5jewootsnhvrcvfsugrmdljaa 117 4 of of IN work_i5jewootsnhvrcvfsugrmdljaa 117 5 the the DT work_i5jewootsnhvrcvfsugrmdljaa 117 6 noise noise NN work_i5jewootsnhvrcvfsugrmdljaa 117 7 with with IN work_i5jewootsnhvrcvfsugrmdljaa 117 8 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 117 9 6 6 CD work_i5jewootsnhvrcvfsugrmdljaa 117 10 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 117 11 and and CC work_i5jewootsnhvrcvfsugrmdljaa 117 12 the the DT work_i5jewootsnhvrcvfsugrmdljaa 117 13 law law NN work_i5jewootsnhvrcvfsugrmdljaa 117 14 of of IN work_i5jewootsnhvrcvfsugrmdljaa 117 15 large large JJ work_i5jewootsnhvrcvfsugrmdljaa 117 16 numbers number NNS work_i5jewootsnhvrcvfsugrmdljaa 117 17 imply imply VBP work_i5jewootsnhvrcvfsugrmdljaa 117 18 thatγj thatγj PDT work_i5jewootsnhvrcvfsugrmdljaa 117 19 the the DT work_i5jewootsnhvrcvfsugrmdljaa 117 20 first first JJ work_i5jewootsnhvrcvfsugrmdljaa 117 21 term term NN work_i5jewootsnhvrcvfsugrmdljaa 117 22 converges converge NNS work_i5jewootsnhvrcvfsugrmdljaa 117 23 to to IN work_i5jewootsnhvrcvfsugrmdljaa 117 24 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 117 25 and and CC work_i5jewootsnhvrcvfsugrmdljaa 117 26 the the DT work_i5jewootsnhvrcvfsugrmdljaa 117 27 second second JJ work_i5jewootsnhvrcvfsugrmdljaa 117 28 converge converge NN work_i5jewootsnhvrcvfsugrmdljaa 117 29 with with IN work_i5jewootsnhvrcvfsugrmdljaa 117 30 probability probability NN work_i5jewootsnhvrcvfsugrmdljaa 117 31 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 117 32 to to IN work_i5jewootsnhvrcvfsugrmdljaa 117 33 0 0 CD work_i5jewootsnhvrcvfsugrmdljaa 117 34 . . . work_i5jewootsnhvrcvfsugrmdljaa 118 1 Hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 118 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 118 3 in in IN work_i5jewootsnhvrcvfsugrmdljaa 118 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 118 5 limit limit NN work_i5jewootsnhvrcvfsugrmdljaa 118 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 118 7 with with IN work_i5jewootsnhvrcvfsugrmdljaa 118 8 probability probability NN work_i5jewootsnhvrcvfsugrmdljaa 118 9 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 118 10 all all DT work_i5jewootsnhvrcvfsugrmdljaa 118 11 forecasts forecast NNS work_i5jewootsnhvrcvfsugrmdljaa 118 12 converge converge VBP work_i5jewootsnhvrcvfsugrmdljaa 118 13 to to IN work_i5jewootsnhvrcvfsugrmdljaa 118 14 the the DT work_i5jewootsnhvrcvfsugrmdljaa 118 15 true true JJ work_i5jewootsnhvrcvfsugrmdljaa 118 16 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 118 17 and and CC work_i5jewootsnhvrcvfsugrmdljaa 118 18 the the DT work_i5jewootsnhvrcvfsugrmdljaa 118 19 effect effect NN work_i5jewootsnhvrcvfsugrmdljaa 118 20 of of IN work_i5jewootsnhvrcvfsugrmdljaa 118 21 the the DT work_i5jewootsnhvrcvfsugrmdljaa 118 22 public public JJ work_i5jewootsnhvrcvfsugrmdljaa 118 23 signal signal NN work_i5jewootsnhvrcvfsugrmdljaa 118 24 y y NNP work_i5jewootsnhvrcvfsugrmdljaa 118 25 disappears disappear VBZ work_i5jewootsnhvrcvfsugrmdljaa 118 26 . . . work_i5jewootsnhvrcvfsugrmdljaa 119 1 Hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 119 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 119 3 repeated repeat VBN work_i5jewootsnhvrcvfsugrmdljaa 119 4 trade trade NN work_i5jewootsnhvrcvfsugrmdljaa 119 5 leads lead VBZ work_i5jewootsnhvrcvfsugrmdljaa 119 6 to to IN work_i5jewootsnhvrcvfsugrmdljaa 119 7 a a DT work_i5jewootsnhvrcvfsugrmdljaa 119 8 full full JJ work_i5jewootsnhvrcvfsugrmdljaa 119 9 revelation revelation NN work_i5jewootsnhvrcvfsugrmdljaa 119 10 of of IN work_i5jewootsnhvrcvfsugrmdljaa 119 11 the the DT work_i5jewootsnhvrcvfsugrmdljaa 119 12 true true JJ work_i5jewootsnhvrcvfsugrmdljaa 119 13 value value NN work_i5jewootsnhvrcvfsugrmdljaa 119 14 Q. Q. NNP work_i5jewootsnhvrcvfsugrmdljaa 120 1 Moreover moreover RB work_i5jewootsnhvrcvfsugrmdljaa 120 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 120 3 in in IN work_i5jewootsnhvrcvfsugrmdljaa 120 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 120 5 limit limit NN work_i5jewootsnhvrcvfsugrmdljaa 120 6 p p NN work_i5jewootsnhvrcvfsugrmdljaa 120 7 = = SYM work_i5jewootsnhvrcvfsugrmdljaa 120 8 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 120 9 and and CC work_i5jewootsnhvrcvfsugrmdljaa 120 10 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 120 11 do do VBP work_i5jewootsnhvrcvfsugrmdljaa 120 12 not not RB work_i5jewootsnhvrcvfsugrmdljaa 120 13 forecast forecast VB work_i5jewootsnhvrcvfsugrmdljaa 120 14 prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 120 15 at at RB work_i5jewootsnhvrcvfsugrmdljaa 120 16 all all RB work_i5jewootsnhvrcvfsugrmdljaa 120 17 . . . work_i5jewootsnhvrcvfsugrmdljaa 121 1 If if IN work_i5jewootsnhvrcvfsugrmdljaa 121 2 the the DT work_i5jewootsnhvrcvfsugrmdljaa 121 3 unit unit NN work_i5jewootsnhvrcvfsugrmdljaa 121 4 of of IN work_i5jewootsnhvrcvfsugrmdljaa 121 5 time time NN work_i5jewootsnhvrcvfsugrmdljaa 121 6 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 121 7 , , , work_i5jewootsnhvrcvfsugrmdljaa 121 8 say say UH work_i5jewootsnhvrcvfsugrmdljaa 121 9 , , , work_i5jewootsnhvrcvfsugrmdljaa 121 10 a a DT work_i5jewootsnhvrcvfsugrmdljaa 121 11 month month NN work_i5jewootsnhvrcvfsugrmdljaa 121 12 the the DT work_i5jewootsnhvrcvfsugrmdljaa 121 13 rounds round NNS work_i5jewootsnhvrcvfsugrmdljaa 121 14 of of IN work_i5jewootsnhvrcvfsugrmdljaa 121 15 trade trade NN work_i5jewootsnhvrcvfsugrmdljaa 121 16 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 121 17 not not RB work_i5jewootsnhvrcvfsugrmdljaa 121 18 really really RB work_i5jewootsnhvrcvfsugrmdljaa 121 19 limited limited JJ work_i5jewootsnhvrcvfsugrmdljaa 121 20 . . . work_i5jewootsnhvrcvfsugrmdljaa 122 1 Hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 122 2 the the DT work_i5jewootsnhvrcvfsugrmdljaa 122 3 result result NN work_i5jewootsnhvrcvfsugrmdljaa 122 4 contradicts contradict VBZ work_i5jewootsnhvrcvfsugrmdljaa 122 5 Allen Allen NNP work_i5jewootsnhvrcvfsugrmdljaa 122 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 122 7 Morris Morris NNP work_i5jewootsnhvrcvfsugrmdljaa 122 8 and and CC work_i5jewootsnhvrcvfsugrmdljaa 122 9 Shin Shin NNP work_i5jewootsnhvrcvfsugrmdljaa 122 10 ’s ’s , work_i5jewootsnhvrcvfsugrmdljaa 122 11 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 122 12 2003 2003 CD work_i5jewootsnhvrcvfsugrmdljaa 122 13 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 122 14 claim claim VBP work_i5jewootsnhvrcvfsugrmdljaa 122 15 that that IN work_i5jewootsnhvrcvfsugrmdljaa 122 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 122 17 effect effect NN work_i5jewootsnhvrcvfsugrmdljaa 122 18 of of IN work_i5jewootsnhvrcvfsugrmdljaa 122 19 the the DT work_i5jewootsnhvrcvfsugrmdljaa 122 20 public public JJ work_i5jewootsnhvrcvfsugrmdljaa 122 21 signal signal NN work_i5jewootsnhvrcvfsugrmdljaa 122 22 y y NNP work_i5jewootsnhvrcvfsugrmdljaa 122 23 on on IN work_i5jewootsnhvrcvfsugrmdljaa 122 24 the the DT work_i5jewootsnhvrcvfsugrmdljaa 122 25 price price NN work_i5jewootsnhvrcvfsugrmdljaa 122 26 lingers linger NNS work_i5jewootsnhvrcvfsugrmdljaa 122 27 on on IN work_i5jewootsnhvrcvfsugrmdljaa 122 28 forever forever RB work_i5jewootsnhvrcvfsugrmdljaa 122 29 . . . work_i5jewootsnhvrcvfsugrmdljaa 123 1 With with IN work_i5jewootsnhvrcvfsugrmdljaa 123 2 sufficient sufficient JJ work_i5jewootsnhvrcvfsugrmdljaa 123 3 trading trading NN work_i5jewootsnhvrcvfsugrmdljaa 123 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 123 5 effect effect NN work_i5jewootsnhvrcvfsugrmdljaa 123 6 of of IN work_i5jewootsnhvrcvfsugrmdljaa 123 7 y y NNP work_i5jewootsnhvrcvfsugrmdljaa 123 8 disappears disappear VBZ work_i5jewootsnhvrcvfsugrmdljaa 123 9 . . . work_i5jewootsnhvrcvfsugrmdljaa 124 1 To to TO work_i5jewootsnhvrcvfsugrmdljaa 124 2 conclude conclude VB work_i5jewootsnhvrcvfsugrmdljaa 124 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 124 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 124 5 study study NN work_i5jewootsnhvrcvfsugrmdljaa 124 6 of of IN work_i5jewootsnhvrcvfsugrmdljaa 124 7 markets market NNS work_i5jewootsnhvrcvfsugrmdljaa 124 8 with with IN work_i5jewootsnhvrcvfsugrmdljaa 124 9 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 124 10 information information NN work_i5jewootsnhvrcvfsugrmdljaa 124 11 has have VBZ work_i5jewootsnhvrcvfsugrmdljaa 124 12 advanced advance VBN work_i5jewootsnhvrcvfsugrmdljaa 124 13 our -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 124 14 understanding understanding NN work_i5jewootsnhvrcvfsugrmdljaa 124 15 of of IN work_i5jewootsnhvrcvfsugrmdljaa 124 16 risk risk NN work_i5jewootsnhvrcvfsugrmdljaa 124 17 sharing sharing NN work_i5jewootsnhvrcvfsugrmdljaa 124 18 and and CC work_i5jewootsnhvrcvfsugrmdljaa 124 19 insurance insurance NN work_i5jewootsnhvrcvfsugrmdljaa 124 20 markets market NNS work_i5jewootsnhvrcvfsugrmdljaa 124 21 . . . work_i5jewootsnhvrcvfsugrmdljaa 125 1 Here here RB work_i5jewootsnhvrcvfsugrmdljaa 125 2 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 125 3 examine examine VBP work_i5jewootsnhvrcvfsugrmdljaa 125 4 its -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 125 5 limits limit NNS work_i5jewootsnhvrcvfsugrmdljaa 125 6 . . . work_i5jewootsnhvrcvfsugrmdljaa 126 1 With with IN work_i5jewootsnhvrcvfsugrmdljaa 126 2 different different JJ work_i5jewootsnhvrcvfsugrmdljaa 126 3 information information NN work_i5jewootsnhvrcvfsugrmdljaa 126 4 agents agent NNS work_i5jewootsnhvrcvfsugrmdljaa 126 5 clearly clearly RB work_i5jewootsnhvrcvfsugrmdljaa 126 6 make make VBP work_i5jewootsnhvrcvfsugrmdljaa 126 7 different different JJ work_i5jewootsnhvrcvfsugrmdljaa 126 8 forecasts forecast NNS work_i5jewootsnhvrcvfsugrmdljaa 126 9 . . . work_i5jewootsnhvrcvfsugrmdljaa 127 1 But but CC work_i5jewootsnhvrcvfsugrmdljaa 127 2 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 127 3 information information NN work_i5jewootsnhvrcvfsugrmdljaa 127 4 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 127 5 a a DT work_i5jewootsnhvrcvfsugrmdljaa 127 6 very very RB work_i5jewootsnhvrcvfsugrmdljaa 127 7 sharp sharp JJ work_i5jewootsnhvrcvfsugrmdljaa 127 8 sword sword NN work_i5jewootsnhvrcvfsugrmdljaa 127 9 . . . work_i5jewootsnhvrcvfsugrmdljaa 128 1 Hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 128 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 128 3 when when WRB work_i5jewootsnhvrcvfsugrmdljaa 128 4 diverse diverse JJ work_i5jewootsnhvrcvfsugrmdljaa 128 5 forecasting forecasting NN work_i5jewootsnhvrcvfsugrmdljaa 128 6 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 128 7 an an DT work_i5jewootsnhvrcvfsugrmdljaa 128 8 important important JJ work_i5jewootsnhvrcvfsugrmdljaa 128 9 component component NN work_i5jewootsnhvrcvfsugrmdljaa 128 10 of of IN work_i5jewootsnhvrcvfsugrmdljaa 128 11 a a DT work_i5jewootsnhvrcvfsugrmdljaa 128 12 theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 128 13 , , , work_i5jewootsnhvrcvfsugrmdljaa 128 14 the the DT work_i5jewootsnhvrcvfsugrmdljaa 128 15 temptation temptation NN work_i5jewootsnhvrcvfsugrmdljaa 128 16 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 128 17 to to TO work_i5jewootsnhvrcvfsugrmdljaa 128 18 assume assume VB work_i5jewootsnhvrcvfsugrmdljaa 128 19 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 128 20 information information NN work_i5jewootsnhvrcvfsugrmdljaa 128 21 to to IN work_i5jewootsnhvrcvfsugrmdljaa 128 22 model model NN work_i5jewootsnhvrcvfsugrmdljaa 128 23 diversity diversity NN work_i5jewootsnhvrcvfsugrmdljaa 128 24 . . . work_i5jewootsnhvrcvfsugrmdljaa 129 1 A a DT work_i5jewootsnhvrcvfsugrmdljaa 129 2 large large JJ work_i5jewootsnhvrcvfsugrmdljaa 129 3 literature literature NN work_i5jewootsnhvrcvfsugrmdljaa 129 4 has have VBZ work_i5jewootsnhvrcvfsugrmdljaa 129 5 done do VBN work_i5jewootsnhvrcvfsugrmdljaa 129 6 just just RB work_i5jewootsnhvrcvfsugrmdljaa 129 7 that that DT work_i5jewootsnhvrcvfsugrmdljaa 129 8 . . . work_i5jewootsnhvrcvfsugrmdljaa 130 1 It -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 130 2 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 130 3 so so RB work_i5jewootsnhvrcvfsugrmdljaa 130 4 common common JJ work_i5jewootsnhvrcvfsugrmdljaa 130 5 that that IN work_i5jewootsnhvrcvfsugrmdljaa 130 6 for for IN work_i5jewootsnhvrcvfsugrmdljaa 130 7 some some DT work_i5jewootsnhvrcvfsugrmdljaa 130 8 , , , work_i5jewootsnhvrcvfsugrmdljaa 130 9 thinking think VBG work_i5jewootsnhvrcvfsugrmdljaa 130 10 of of IN work_i5jewootsnhvrcvfsugrmdljaa 130 11 agents agent NNS work_i5jewootsnhvrcvfsugrmdljaa 130 12 with with IN work_i5jewootsnhvrcvfsugrmdljaa 130 13 different different JJ work_i5jewootsnhvrcvfsugrmdljaa 130 14 opinions opinion NNS work_i5jewootsnhvrcvfsugrmdljaa 130 15 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 130 16 synonymous synonymous JJ work_i5jewootsnhvrcvfsugrmdljaa 130 17 to to IN work_i5jewootsnhvrcvfsugrmdljaa 130 18 thinking think VBG work_i5jewootsnhvrcvfsugrmdljaa 130 19 of of IN work_i5jewootsnhvrcvfsugrmdljaa 130 20 them -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 130 21 as as IN work_i5jewootsnhvrcvfsugrmdljaa 130 22 having have VBG work_i5jewootsnhvrcvfsugrmdljaa 130 23 different different JJ work_i5jewootsnhvrcvfsugrmdljaa 130 24 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 130 25 information information NN work_i5jewootsnhvrcvfsugrmdljaa 130 26 . . . work_i5jewootsnhvrcvfsugrmdljaa 131 1 For for IN work_i5jewootsnhvrcvfsugrmdljaa 131 2 forecasting forecasting NN work_i5jewootsnhvrcvfsugrmdljaa 131 3 market market NN work_i5jewootsnhvrcvfsugrmdljaa 131 4 aggregates aggregate NNS work_i5jewootsnhvrcvfsugrmdljaa 131 5 this this DT work_i5jewootsnhvrcvfsugrmdljaa 131 6 equivalence equivalence NN work_i5jewootsnhvrcvfsugrmdljaa 131 7 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 131 8 wrong wrong JJ work_i5jewootsnhvrcvfsugrmdljaa 131 9 and and CC work_i5jewootsnhvrcvfsugrmdljaa 131 10 the the DT work_i5jewootsnhvrcvfsugrmdljaa 131 11 assumption assumption NN work_i5jewootsnhvrcvfsugrmdljaa 131 12 of of IN work_i5jewootsnhvrcvfsugrmdljaa 131 13 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 131 14 information information NN work_i5jewootsnhvrcvfsugrmdljaa 131 15 has have VBZ work_i5jewootsnhvrcvfsugrmdljaa 131 16 no no DT work_i5jewootsnhvrcvfsugrmdljaa 131 17 merit merit NN work_i5jewootsnhvrcvfsugrmdljaa 131 18 . . . work_i5jewootsnhvrcvfsugrmdljaa 132 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 132 2 identify identify VBP work_i5jewootsnhvrcvfsugrmdljaa 132 3 three three CD work_i5jewootsnhvrcvfsugrmdljaa 132 4 areas area NNS work_i5jewootsnhvrcvfsugrmdljaa 132 5 of of IN work_i5jewootsnhvrcvfsugrmdljaa 132 6 forecasting forecasting NN work_i5jewootsnhvrcvfsugrmdljaa 132 7 where where WRB work_i5jewootsnhvrcvfsugrmdljaa 132 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 132 9 model model NN work_i5jewootsnhvrcvfsugrmdljaa 132 10 of of IN work_i5jewootsnhvrcvfsugrmdljaa 132 11 diverse diverse JJ work_i5jewootsnhvrcvfsugrmdljaa 132 12 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 132 13 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 132 14 the the DT work_i5jewootsnhvrcvfsugrmdljaa 132 15 correct correct JJ work_i5jewootsnhvrcvfsugrmdljaa 132 16 one one NN work_i5jewootsnhvrcvfsugrmdljaa 132 17 : : : work_i5jewootsnhvrcvfsugrmdljaa 132 18 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 132 19 i i NN work_i5jewootsnhvrcvfsugrmdljaa 132 20 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 132 21 Market market NN work_i5jewootsnhvrcvfsugrmdljaa 132 22 prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 132 23 such such JJ work_i5jewootsnhvrcvfsugrmdljaa 132 24 as as IN work_i5jewootsnhvrcvfsugrmdljaa 132 25 interest interest NN work_i5jewootsnhvrcvfsugrmdljaa 132 26 rates rate NNS work_i5jewootsnhvrcvfsugrmdljaa 132 27 , , , work_i5jewootsnhvrcvfsugrmdljaa 132 28 indices index NNS work_i5jewootsnhvrcvfsugrmdljaa 132 29 of of IN work_i5jewootsnhvrcvfsugrmdljaa 132 30 stock stock NN work_i5jewootsnhvrcvfsugrmdljaa 132 31 prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 132 32 , , , work_i5jewootsnhvrcvfsugrmdljaa 132 33 foreign foreign JJ work_i5jewootsnhvrcvfsugrmdljaa 132 34 exchange exchange NN work_i5jewootsnhvrcvfsugrmdljaa 132 35 rates rate NNS work_i5jewootsnhvrcvfsugrmdljaa 132 36 ; ; , work_i5jewootsnhvrcvfsugrmdljaa 132 37 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 132 38 ii ii LS work_i5jewootsnhvrcvfsugrmdljaa 132 39 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 132 40 Macroeconomic macroeconomic JJ work_i5jewootsnhvrcvfsugrmdljaa 132 41 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 132 42 such such JJ work_i5jewootsnhvrcvfsugrmdljaa 132 43 as as IN work_i5jewootsnhvrcvfsugrmdljaa 132 44 rates rate NNS work_i5jewootsnhvrcvfsugrmdljaa 132 45 of of IN work_i5jewootsnhvrcvfsugrmdljaa 132 46 GNP GNP NNP work_i5jewootsnhvrcvfsugrmdljaa 132 47 growth growth NN work_i5jewootsnhvrcvfsugrmdljaa 132 48 , , , work_i5jewootsnhvrcvfsugrmdljaa 132 49 inflation inflation NN work_i5jewootsnhvrcvfsugrmdljaa 132 50 , , , work_i5jewootsnhvrcvfsugrmdljaa 132 51 unemployment unemployment NN work_i5jewootsnhvrcvfsugrmdljaa 132 52 , , , work_i5jewootsnhvrcvfsugrmdljaa 132 53 monetary monetary JJ work_i5jewootsnhvrcvfsugrmdljaa 132 54 policy policy NN work_i5jewootsnhvrcvfsugrmdljaa 132 55 actions action NNS work_i5jewootsnhvrcvfsugrmdljaa 132 56 ; ; : work_i5jewootsnhvrcvfsugrmdljaa 132 57 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 132 58 iii iii LS work_i5jewootsnhvrcvfsugrmdljaa 132 59 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 132 60 Exogenous exogenous JJ work_i5jewootsnhvrcvfsugrmdljaa 132 61 shocks shock NNS work_i5jewootsnhvrcvfsugrmdljaa 132 62 like like IN work_i5jewootsnhvrcvfsugrmdljaa 132 63 productivity productivity NN work_i5jewootsnhvrcvfsugrmdljaa 132 64 shocks shock NNS work_i5jewootsnhvrcvfsugrmdljaa 132 65 , , , work_i5jewootsnhvrcvfsugrmdljaa 132 66 aggregate aggregate JJ work_i5jewootsnhvrcvfsugrmdljaa 132 67 factor factor NN work_i5jewootsnhvrcvfsugrmdljaa 132 68 supplies supply NNS work_i5jewootsnhvrcvfsugrmdljaa 132 69 etc etc FW work_i5jewootsnhvrcvfsugrmdljaa 132 70 . . . work_i5jewootsnhvrcvfsugrmdljaa 133 1 Unfortunately unfortunately RB work_i5jewootsnhvrcvfsugrmdljaa 133 2 there there EX work_i5jewootsnhvrcvfsugrmdljaa 133 3 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 133 4 many many JJ work_i5jewootsnhvrcvfsugrmdljaa 133 5 contributions contribution NNS work_i5jewootsnhvrcvfsugrmdljaa 133 6 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 133 7 use use VBP work_i5jewootsnhvrcvfsugrmdljaa 133 8 models model NNS work_i5jewootsnhvrcvfsugrmdljaa 133 9 with with IN work_i5jewootsnhvrcvfsugrmdljaa 133 10 asymmetric asymmetric JJ work_i5jewootsnhvrcvfsugrmdljaa 133 11 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 133 12 information information NN work_i5jewootsnhvrcvfsugrmdljaa 133 13 to to TO work_i5jewootsnhvrcvfsugrmdljaa 133 14 solve solve VB work_i5jewootsnhvrcvfsugrmdljaa 133 15 problems problem NNS work_i5jewootsnhvrcvfsugrmdljaa 133 16 in in IN work_i5jewootsnhvrcvfsugrmdljaa 133 17 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 133 18 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 133 19 forecast forecast VBP work_i5jewootsnhvrcvfsugrmdljaa 133 20 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 133 21 in in IN work_i5jewootsnhvrcvfsugrmdljaa 133 22 the the DT work_i5jewootsnhvrcvfsugrmdljaa 133 23 above above JJ work_i5jewootsnhvrcvfsugrmdljaa 133 24 three three CD work_i5jewootsnhvrcvfsugrmdljaa 133 25 categories category NNS work_i5jewootsnhvrcvfsugrmdljaa 133 26 . . . work_i5jewootsnhvrcvfsugrmdljaa 134 1 Examples example NNS work_i5jewootsnhvrcvfsugrmdljaa 134 2 include include VBP work_i5jewootsnhvrcvfsugrmdljaa 134 3 Phelps Phelps NNP work_i5jewootsnhvrcvfsugrmdljaa 134 4 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 134 5 1970 1970 CD work_i5jewootsnhvrcvfsugrmdljaa 134 6 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 134 7 and and CC work_i5jewootsnhvrcvfsugrmdljaa 134 8 Lucas Lucas NNP work_i5jewootsnhvrcvfsugrmdljaa 134 9 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 134 10 1972 1972 CD work_i5jewootsnhvrcvfsugrmdljaa 134 11 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 134 12 but but CC work_i5jewootsnhvrcvfsugrmdljaa 134 13 recent recent JJ work_i5jewootsnhvrcvfsugrmdljaa 134 14 examples example NNS work_i5jewootsnhvrcvfsugrmdljaa 134 15 include include VBP work_i5jewootsnhvrcvfsugrmdljaa 134 16 Romer Romer NNP work_i5jewootsnhvrcvfsugrmdljaa 134 17 and and CC work_i5jewootsnhvrcvfsugrmdljaa 134 18 Romer Romer NNP work_i5jewootsnhvrcvfsugrmdljaa 134 19 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 134 20 2000 2000 CD work_i5jewootsnhvrcvfsugrmdljaa 134 21 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 134 22 , , , work_i5jewootsnhvrcvfsugrmdljaa 134 23 Hellwig Hellwig NNP work_i5jewootsnhvrcvfsugrmdljaa 134 24 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 134 25 2002 2002 CD work_i5jewootsnhvrcvfsugrmdljaa 134 26 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 134 27 , , , work_i5jewootsnhvrcvfsugrmdljaa 134 28 Woodford Woodford NNP work_i5jewootsnhvrcvfsugrmdljaa 134 29 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 134 30 2003 2003 CD work_i5jewootsnhvrcvfsugrmdljaa 134 31 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 134 32 , , , work_i5jewootsnhvrcvfsugrmdljaa 134 33 Amato Amato NNP work_i5jewootsnhvrcvfsugrmdljaa 134 34 and and CC work_i5jewootsnhvrcvfsugrmdljaa 134 35 Shin Shin NNP work_i5jewootsnhvrcvfsugrmdljaa 134 36 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 134 37 2003 2003 CD work_i5jewootsnhvrcvfsugrmdljaa 134 38 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 134 39 Bacchetta Bacchetta NNP work_i5jewootsnhvrcvfsugrmdljaa 134 40 and and CC work_i5jewootsnhvrcvfsugrmdljaa 134 41 van van NNP work_i5jewootsnhvrcvfsugrmdljaa 134 42 Wincoop Wincoop NNP work_i5jewootsnhvrcvfsugrmdljaa 134 43 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 134 44 2005a 2005a CD work_i5jewootsnhvrcvfsugrmdljaa 134 45 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 134 46 and and CC work_i5jewootsnhvrcvfsugrmdljaa 134 47 others other NNS work_i5jewootsnhvrcvfsugrmdljaa 134 48 . . . work_i5jewootsnhvrcvfsugrmdljaa 135 1 4 4 LS work_i5jewootsnhvrcvfsugrmdljaa 135 2 To to TO work_i5jewootsnhvrcvfsugrmdljaa 135 3 illustrate illustrate VB work_i5jewootsnhvrcvfsugrmdljaa 135 4 , , , work_i5jewootsnhvrcvfsugrmdljaa 135 5 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 135 6 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 135 7 1997b 1997b CD work_i5jewootsnhvrcvfsugrmdljaa 135 8 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 135 9 explains explain VBZ work_i5jewootsnhvrcvfsugrmdljaa 135 10 the the DT work_i5jewootsnhvrcvfsugrmdljaa 135 11 volatility volatility NN work_i5jewootsnhvrcvfsugrmdljaa 135 12 of of IN work_i5jewootsnhvrcvfsugrmdljaa 135 13 foreign foreign JJ work_i5jewootsnhvrcvfsugrmdljaa 135 14 exchange exchange NN work_i5jewootsnhvrcvfsugrmdljaa 135 15 rates rate NNS work_i5jewootsnhvrcvfsugrmdljaa 135 16 and and CC work_i5jewootsnhvrcvfsugrmdljaa 135 17 the the DT work_i5jewootsnhvrcvfsugrmdljaa 135 18 forward forward JJ work_i5jewootsnhvrcvfsugrmdljaa 135 19 discount discount NN work_i5jewootsnhvrcvfsugrmdljaa 135 20 bias bias NN work_i5jewootsnhvrcvfsugrmdljaa 135 21 in in IN work_i5jewootsnhvrcvfsugrmdljaa 135 22 foreign foreign JJ work_i5jewootsnhvrcvfsugrmdljaa 135 23 exchange exchange NN work_i5jewootsnhvrcvfsugrmdljaa 135 24 markets market NNS work_i5jewootsnhvrcvfsugrmdljaa 135 25 by by IN work_i5jewootsnhvrcvfsugrmdljaa 135 26 demonstrating demonstrate VBG work_i5jewootsnhvrcvfsugrmdljaa 135 27 that that IN work_i5jewootsnhvrcvfsugrmdljaa 135 28 these these DT work_i5jewootsnhvrcvfsugrmdljaa 135 29 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 135 30 consequences consequence NNS work_i5jewootsnhvrcvfsugrmdljaa 135 31 of of IN work_i5jewootsnhvrcvfsugrmdljaa 135 32 diverse diverse JJ work_i5jewootsnhvrcvfsugrmdljaa 135 33 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 135 34 of of IN work_i5jewootsnhvrcvfsugrmdljaa 135 35 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 135 36 about about IN work_i5jewootsnhvrcvfsugrmdljaa 135 37 future future JJ work_i5jewootsnhvrcvfsugrmdljaa 135 38 exchange exchange NN work_i5jewootsnhvrcvfsugrmdljaa 135 39 rates rate NNS work_i5jewootsnhvrcvfsugrmdljaa 135 40 . . . work_i5jewootsnhvrcvfsugrmdljaa 136 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 136 2 rejecting reject VBG work_i5jewootsnhvrcvfsugrmdljaa 136 3 the the DT work_i5jewootsnhvrcvfsugrmdljaa 136 4 REE ree NN work_i5jewootsnhvrcvfsugrmdljaa 136 5 framework framework NN work_i5jewootsnhvrcvfsugrmdljaa 136 6 he -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 136 7 assumes assume VBZ work_i5jewootsnhvrcvfsugrmdljaa 136 8 agents agent NNS work_i5jewootsnhvrcvfsugrmdljaa 136 9 hold hold VBP work_i5jewootsnhvrcvfsugrmdljaa 136 10 diverse diverse JJ work_i5jewootsnhvrcvfsugrmdljaa 136 11 Rational Rational NNP work_i5jewootsnhvrcvfsugrmdljaa 136 12 Beliefs Beliefs NNPS work_i5jewootsnhvrcvfsugrmdljaa 136 13 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 136 14 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 136 15 restricted restrict VBN work_i5jewootsnhvrcvfsugrmdljaa 136 16 as as IN work_i5jewootsnhvrcvfsugrmdljaa 136 17 explained explain VBN work_i5jewootsnhvrcvfsugrmdljaa 136 18 in in IN work_i5jewootsnhvrcvfsugrmdljaa 136 19 Section section NN work_i5jewootsnhvrcvfsugrmdljaa 136 20 3.5 3.5 CD work_i5jewootsnhvrcvfsugrmdljaa 136 21 below below RB work_i5jewootsnhvrcvfsugrmdljaa 136 22 . . . work_i5jewootsnhvrcvfsugrmdljaa 137 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 137 2 such such PDT work_i5jewootsnhvrcvfsugrmdljaa 137 3 a a DT work_i5jewootsnhvrcvfsugrmdljaa 137 4 market market NN work_i5jewootsnhvrcvfsugrmdljaa 137 5 the the DT work_i5jewootsnhvrcvfsugrmdljaa 137 6 center center NN work_i5jewootsnhvrcvfsugrmdljaa 137 7 of of IN work_i5jewootsnhvrcvfsugrmdljaa 137 8 uncertainty uncertainty NN work_i5jewootsnhvrcvfsugrmdljaa 137 9 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 137 10 the the DT work_i5jewootsnhvrcvfsugrmdljaa 137 11 uncertainty uncertainty NN work_i5jewootsnhvrcvfsugrmdljaa 137 12 of of IN work_i5jewootsnhvrcvfsugrmdljaa 137 13 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 137 14 about about IN work_i5jewootsnhvrcvfsugrmdljaa 137 15 future future JJ work_i5jewootsnhvrcvfsugrmdljaa 137 16 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 137 17 of of IN work_i5jewootsnhvrcvfsugrmdljaa 137 18 other other JJ work_i5jewootsnhvrcvfsugrmdljaa 137 19 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 137 20 . . . work_i5jewootsnhvrcvfsugrmdljaa 138 1 Bacchetta Bacchetta NNP work_i5jewootsnhvrcvfsugrmdljaa 138 2 and and CC work_i5jewootsnhvrcvfsugrmdljaa 138 3 van van NNP work_i5jewootsnhvrcvfsugrmdljaa 138 4 Wincoop Wincoop NNP work_i5jewootsnhvrcvfsugrmdljaa 138 5 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 138 6 2005a 2005a CD work_i5jewootsnhvrcvfsugrmdljaa 138 7 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 138 8 adopt adopt VB work_i5jewootsnhvrcvfsugrmdljaa 138 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 138 10 same same JJ work_i5jewootsnhvrcvfsugrmdljaa 138 11 idea idea NN work_i5jewootsnhvrcvfsugrmdljaa 138 12 by by IN work_i5jewootsnhvrcvfsugrmdljaa 138 13 using use VBG work_i5jewootsnhvrcvfsugrmdljaa 138 14 a a DT work_i5jewootsnhvrcvfsugrmdljaa 138 15 noisy noisy JJ work_i5jewootsnhvrcvfsugrmdljaa 138 16 REE ree NN work_i5jewootsnhvrcvfsugrmdljaa 138 17 but but CC work_i5jewootsnhvrcvfsugrmdljaa 138 18 assume assume VB work_i5jewootsnhvrcvfsugrmdljaa 138 19 that that IN work_i5jewootsnhvrcvfsugrmdljaa 138 20 at at IN work_i5jewootsnhvrcvfsugrmdljaa 138 21 each each DT work_i5jewootsnhvrcvfsugrmdljaa 138 22 date date NN work_i5jewootsnhvrcvfsugrmdljaa 138 23 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 138 24 have have VBP work_i5jewootsnhvrcvfsugrmdljaa 138 25 random random JJ work_i5jewootsnhvrcvfsugrmdljaa 138 26 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 138 27 information information NN work_i5jewootsnhvrcvfsugrmdljaa 138 28 about about IN work_i5jewootsnhvrcvfsugrmdljaa 138 29 future future JJ work_i5jewootsnhvrcvfsugrmdljaa 138 30 aggregate aggregate JJ work_i5jewootsnhvrcvfsugrmdljaa 138 31 money money NN work_i5jewootsnhvrcvfsugrmdljaa 138 32 supply supply NN work_i5jewootsnhvrcvfsugrmdljaa 138 33 . . . work_i5jewootsnhvrcvfsugrmdljaa 139 1 Hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 139 2 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 139 3 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 139 4 uncertain uncertain JJ work_i5jewootsnhvrcvfsugrmdljaa 139 5 about about IN work_i5jewootsnhvrcvfsugrmdljaa 139 6 future future JJ work_i5jewootsnhvrcvfsugrmdljaa 139 7 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 139 8 information information NN work_i5jewootsnhvrcvfsugrmdljaa 139 9 of of IN work_i5jewootsnhvrcvfsugrmdljaa 139 10 other other JJ work_i5jewootsnhvrcvfsugrmdljaa 139 11 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 139 12 . . . work_i5jewootsnhvrcvfsugrmdljaa 140 1 Our -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 140 2 argument argument NN work_i5jewootsnhvrcvfsugrmdljaa 140 3 here here RB work_i5jewootsnhvrcvfsugrmdljaa 140 4 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 140 5 that that IN work_i5jewootsnhvrcvfsugrmdljaa 140 6 in in IN work_i5jewootsnhvrcvfsugrmdljaa 140 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 140 8 context context NN work_i5jewootsnhvrcvfsugrmdljaa 140 9 of of IN work_i5jewootsnhvrcvfsugrmdljaa 140 10 exchange exchange NN work_i5jewootsnhvrcvfsugrmdljaa 140 11 rates rate NNS work_i5jewootsnhvrcvfsugrmdljaa 140 12 determination determination NN work_i5jewootsnhvrcvfsugrmdljaa 140 13 such such PDT work_i5jewootsnhvrcvfsugrmdljaa 140 14 an an DT work_i5jewootsnhvrcvfsugrmdljaa 140 15 assumption assumption NN work_i5jewootsnhvrcvfsugrmdljaa 140 16 does do VBZ work_i5jewootsnhvrcvfsugrmdljaa 140 17 not not RB work_i5jewootsnhvrcvfsugrmdljaa 140 18 have have VB work_i5jewootsnhvrcvfsugrmdljaa 140 19 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 140 20 validity validity NN work_i5jewootsnhvrcvfsugrmdljaa 140 21 and and CC work_i5jewootsnhvrcvfsugrmdljaa 140 22 hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 140 23 leads lead VBZ work_i5jewootsnhvrcvfsugrmdljaa 140 24 to to IN work_i5jewootsnhvrcvfsugrmdljaa 140 25 an an DT work_i5jewootsnhvrcvfsugrmdljaa 140 26 implausible implausible JJ work_i5jewootsnhvrcvfsugrmdljaa 140 27 explanation explanation NN work_i5jewootsnhvrcvfsugrmdljaa 140 28 of of IN work_i5jewootsnhvrcvfsugrmdljaa 140 29 the the DT work_i5jewootsnhvrcvfsugrmdljaa 140 30 forward forward JJ work_i5jewootsnhvrcvfsugrmdljaa 140 31 discount discount NN work_i5jewootsnhvrcvfsugrmdljaa 140 32 bias bias NN work_i5jewootsnhvrcvfsugrmdljaa 140 33 . . . work_i5jewootsnhvrcvfsugrmdljaa 141 1 9 9 CD work_i5jewootsnhvrcvfsugrmdljaa 141 2 Our -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 141 3 view view NN work_i5jewootsnhvrcvfsugrmdljaa 141 4 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 141 5 then then RB work_i5jewootsnhvrcvfsugrmdljaa 141 6 that that IN work_i5jewootsnhvrcvfsugrmdljaa 141 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 141 8 economic economic JJ work_i5jewootsnhvrcvfsugrmdljaa 141 9 explanation explanation NN work_i5jewootsnhvrcvfsugrmdljaa 141 10 provided provide VBN work_i5jewootsnhvrcvfsugrmdljaa 141 11 by by IN work_i5jewootsnhvrcvfsugrmdljaa 141 12 these these DT work_i5jewootsnhvrcvfsugrmdljaa 141 13 papers paper NNS work_i5jewootsnhvrcvfsugrmdljaa 141 14 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 141 15 flawed flawed JJ work_i5jewootsnhvrcvfsugrmdljaa 141 16 and and CC work_i5jewootsnhvrcvfsugrmdljaa 141 17 questionable4 questionable4 NN work_i5jewootsnhvrcvfsugrmdljaa 141 18 . . . work_i5jewootsnhvrcvfsugrmdljaa 142 1 To to TO work_i5jewootsnhvrcvfsugrmdljaa 142 2 compare compare VB work_i5jewootsnhvrcvfsugrmdljaa 142 3 with with IN work_i5jewootsnhvrcvfsugrmdljaa 142 4 theories theory NNS work_i5jewootsnhvrcvfsugrmdljaa 142 5 under under IN work_i5jewootsnhvrcvfsugrmdljaa 142 6 diverse diverse JJ work_i5jewootsnhvrcvfsugrmdljaa 142 7 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 142 8 , , , work_i5jewootsnhvrcvfsugrmdljaa 142 9 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 142 10 interpret interpret VBP work_i5jewootsnhvrcvfsugrmdljaa 142 11 the the DT work_i5jewootsnhvrcvfsugrmdljaa 142 12 asset asset NN work_i5jewootsnhvrcvfsugrmdljaa 142 13 value value NN work_i5jewootsnhvrcvfsugrmdljaa 142 14 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 142 15 in in IN work_i5jewootsnhvrcvfsugrmdljaa 142 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 142 17 Noisy Noisy NNP work_i5jewootsnhvrcvfsugrmdljaa 142 18 REE ree NN work_i5jewootsnhvrcvfsugrmdljaa 142 19 literature literature NN work_i5jewootsnhvrcvfsugrmdljaa 142 20 to to TO work_i5jewootsnhvrcvfsugrmdljaa 142 21 be be VB work_i5jewootsnhvrcvfsugrmdljaa 142 22 an an DT work_i5jewootsnhvrcvfsugrmdljaa 142 23 aggregate aggregate JJ work_i5jewootsnhvrcvfsugrmdljaa 142 24 value value NN work_i5jewootsnhvrcvfsugrmdljaa 142 25 such such JJ work_i5jewootsnhvrcvfsugrmdljaa 142 26 as as IN work_i5jewootsnhvrcvfsugrmdljaa 142 27 the the DT work_i5jewootsnhvrcvfsugrmdljaa 142 28 S&P500 s&p500 CD work_i5jewootsnhvrcvfsugrmdljaa 142 29 , , , work_i5jewootsnhvrcvfsugrmdljaa 142 30 an an DT work_i5jewootsnhvrcvfsugrmdljaa 142 31 interest interest NN work_i5jewootsnhvrcvfsugrmdljaa 142 32 rate rate NN work_i5jewootsnhvrcvfsugrmdljaa 142 33 or or CC work_i5jewootsnhvrcvfsugrmdljaa 142 34 an an DT work_i5jewootsnhvrcvfsugrmdljaa 142 35 exchange exchange NN work_i5jewootsnhvrcvfsugrmdljaa 142 36 rate rate NN work_i5jewootsnhvrcvfsugrmdljaa 142 37 . . . work_i5jewootsnhvrcvfsugrmdljaa 143 1 Before before IN work_i5jewootsnhvrcvfsugrmdljaa 143 2 formulating formulate VBG work_i5jewootsnhvrcvfsugrmdljaa 143 3 our -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 143 4 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 143 5 model model NN work_i5jewootsnhvrcvfsugrmdljaa 143 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 143 7 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 143 8 observe observe VBP work_i5jewootsnhvrcvfsugrmdljaa 143 9 that that IN work_i5jewootsnhvrcvfsugrmdljaa 143 10 the the DT work_i5jewootsnhvrcvfsugrmdljaa 143 11 simple simple JJ work_i5jewootsnhvrcvfsugrmdljaa 143 12 model model NN work_i5jewootsnhvrcvfsugrmdljaa 143 13 discussed discuss VBN work_i5jewootsnhvrcvfsugrmdljaa 143 14 above above RB work_i5jewootsnhvrcvfsugrmdljaa 143 15 leads lead VBZ work_i5jewootsnhvrcvfsugrmdljaa 143 16 to to IN work_i5jewootsnhvrcvfsugrmdljaa 143 17 several several JJ work_i5jewootsnhvrcvfsugrmdljaa 143 18 natural natural JJ work_i5jewootsnhvrcvfsugrmdljaa 143 19 objections objection NNS work_i5jewootsnhvrcvfsugrmdljaa 143 20 against against IN work_i5jewootsnhvrcvfsugrmdljaa 143 21 models model NNS work_i5jewootsnhvrcvfsugrmdljaa 143 22 where where WRB work_i5jewootsnhvrcvfsugrmdljaa 143 23 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 143 24 use use VBP work_i5jewootsnhvrcvfsugrmdljaa 143 25 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 143 26 information information NN work_i5jewootsnhvrcvfsugrmdljaa 143 27 to to TO work_i5jewootsnhvrcvfsugrmdljaa 143 28 forecast forecast VB work_i5jewootsnhvrcvfsugrmdljaa 143 29 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 143 30 in in IN work_i5jewootsnhvrcvfsugrmdljaa 143 31 the the DT work_i5jewootsnhvrcvfsugrmdljaa 143 32 three three CD work_i5jewootsnhvrcvfsugrmdljaa 143 33 categories category NNS work_i5jewootsnhvrcvfsugrmdljaa 143 34 listed list VBN work_i5jewootsnhvrcvfsugrmdljaa 143 35 above above RB work_i5jewootsnhvrcvfsugrmdljaa 143 36 . . . work_i5jewootsnhvrcvfsugrmdljaa 144 1 These these DT work_i5jewootsnhvrcvfsugrmdljaa 144 2 natural natural JJ work_i5jewootsnhvrcvfsugrmdljaa 144 3 objections objection NNS work_i5jewootsnhvrcvfsugrmdljaa 144 4 do do VBP work_i5jewootsnhvrcvfsugrmdljaa 144 5 not not RB work_i5jewootsnhvrcvfsugrmdljaa 144 6 depend depend VB work_i5jewootsnhvrcvfsugrmdljaa 144 7 upon upon IN work_i5jewootsnhvrcvfsugrmdljaa 144 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 144 9 formulation formulation NN work_i5jewootsnhvrcvfsugrmdljaa 144 10 of of IN work_i5jewootsnhvrcvfsugrmdljaa 144 11 any any DT work_i5jewootsnhvrcvfsugrmdljaa 144 12 specific specific JJ work_i5jewootsnhvrcvfsugrmdljaa 144 13 heterogenous heterogenous JJ work_i5jewootsnhvrcvfsugrmdljaa 144 14 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 144 15 model model NN work_i5jewootsnhvrcvfsugrmdljaa 144 16 . . . work_i5jewootsnhvrcvfsugrmdljaa 145 1 For for IN work_i5jewootsnhvrcvfsugrmdljaa 145 2 this this DT work_i5jewootsnhvrcvfsugrmdljaa 145 3 reason reason NN work_i5jewootsnhvrcvfsugrmdljaa 145 4 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 145 5 outline outline VBP work_i5jewootsnhvrcvfsugrmdljaa 145 6 these these DT work_i5jewootsnhvrcvfsugrmdljaa 145 7 first first JJ work_i5jewootsnhvrcvfsugrmdljaa 145 8 . . . work_i5jewootsnhvrcvfsugrmdljaa 146 1 2 2 LS work_i5jewootsnhvrcvfsugrmdljaa 146 2 . . . work_i5jewootsnhvrcvfsugrmdljaa 147 1 When when WRB work_i5jewootsnhvrcvfsugrmdljaa 147 2 Should Should MD work_i5jewootsnhvrcvfsugrmdljaa 147 3 the the DT work_i5jewootsnhvrcvfsugrmdljaa 147 4 Assumption Assumption NNP work_i5jewootsnhvrcvfsugrmdljaa 147 5 of of IN work_i5jewootsnhvrcvfsugrmdljaa 147 6 Asymmetric Asymmetric NNP work_i5jewootsnhvrcvfsugrmdljaa 147 7 Information information NN work_i5jewootsnhvrcvfsugrmdljaa 147 8 Be be VB work_i5jewootsnhvrcvfsugrmdljaa 147 9 Avoided avoid VBN work_i5jewootsnhvrcvfsugrmdljaa 147 10 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 148 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 148 2 casting cast VBG work_i5jewootsnhvrcvfsugrmdljaa 148 3 significant significant JJ work_i5jewootsnhvrcvfsugrmdljaa 148 4 doubt doubt NN work_i5jewootsnhvrcvfsugrmdljaa 148 5 on on IN work_i5jewootsnhvrcvfsugrmdljaa 148 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 148 7 validity validity NN work_i5jewootsnhvrcvfsugrmdljaa 148 8 of of IN work_i5jewootsnhvrcvfsugrmdljaa 148 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 148 10 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 148 11 assumption assumption NN work_i5jewootsnhvrcvfsugrmdljaa 148 12 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 148 13 recall recall VBP work_i5jewootsnhvrcvfsugrmdljaa 148 14 that that IN work_i5jewootsnhvrcvfsugrmdljaa 148 15 the the DT work_i5jewootsnhvrcvfsugrmdljaa 148 16 typical typical JJ work_i5jewootsnhvrcvfsugrmdljaa 148 17 problem problem NN work_i5jewootsnhvrcvfsugrmdljaa 148 18 studied study VBD work_i5jewootsnhvrcvfsugrmdljaa 148 19 with with IN work_i5jewootsnhvrcvfsugrmdljaa 148 20 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 148 21 include include VBP work_i5jewootsnhvrcvfsugrmdljaa 148 22 market market NN work_i5jewootsnhvrcvfsugrmdljaa 148 23 volatility volatility NN work_i5jewootsnhvrcvfsugrmdljaa 148 24 , , , work_i5jewootsnhvrcvfsugrmdljaa 148 25 aggregate aggregate JJ work_i5jewootsnhvrcvfsugrmdljaa 148 26 risk risk NN work_i5jewootsnhvrcvfsugrmdljaa 148 27 premia premia NN work_i5jewootsnhvrcvfsugrmdljaa 148 28 , , , work_i5jewootsnhvrcvfsugrmdljaa 148 29 foreign foreign JJ work_i5jewootsnhvrcvfsugrmdljaa 148 30 exchange exchange NN work_i5jewootsnhvrcvfsugrmdljaa 148 31 dynamics dynamic NNS work_i5jewootsnhvrcvfsugrmdljaa 148 32 , , , work_i5jewootsnhvrcvfsugrmdljaa 148 33 business business NN work_i5jewootsnhvrcvfsugrmdljaa 148 34 cycles cycle NNS work_i5jewootsnhvrcvfsugrmdljaa 148 35 , , , work_i5jewootsnhvrcvfsugrmdljaa 148 36 the the DT work_i5jewootsnhvrcvfsugrmdljaa 148 37 effects effect NNS work_i5jewootsnhvrcvfsugrmdljaa 148 38 of of IN work_i5jewootsnhvrcvfsugrmdljaa 148 39 monetary monetary JJ work_i5jewootsnhvrcvfsugrmdljaa 148 40 policy policy NN work_i5jewootsnhvrcvfsugrmdljaa 148 41 , , , work_i5jewootsnhvrcvfsugrmdljaa 148 42 etc etc FW work_i5jewootsnhvrcvfsugrmdljaa 148 43 . . . work_i5jewootsnhvrcvfsugrmdljaa 149 1 Apart apart RB work_i5jewootsnhvrcvfsugrmdljaa 149 2 from from IN work_i5jewootsnhvrcvfsugrmdljaa 149 3 the the DT work_i5jewootsnhvrcvfsugrmdljaa 149 4 fact fact NN work_i5jewootsnhvrcvfsugrmdljaa 149 5 that that IN work_i5jewootsnhvrcvfsugrmdljaa 149 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 149 7 assumption assumption NN work_i5jewootsnhvrcvfsugrmdljaa 149 8 of of IN work_i5jewootsnhvrcvfsugrmdljaa 149 9 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 149 10 information information NN work_i5jewootsnhvrcvfsugrmdljaa 149 11 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 149 12 not not RB work_i5jewootsnhvrcvfsugrmdljaa 149 13 plausible plausible JJ work_i5jewootsnhvrcvfsugrmdljaa 149 14 , , , work_i5jewootsnhvrcvfsugrmdljaa 149 15 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 149 16 also also RB work_i5jewootsnhvrcvfsugrmdljaa 149 17 argue argue VBP work_i5jewootsnhvrcvfsugrmdljaa 149 18 that that IN work_i5jewootsnhvrcvfsugrmdljaa 149 19 the the DT work_i5jewootsnhvrcvfsugrmdljaa 149 20 explanations explanation NNS work_i5jewootsnhvrcvfsugrmdljaa 149 21 offered offer VBD work_i5jewootsnhvrcvfsugrmdljaa 149 22 for for IN work_i5jewootsnhvrcvfsugrmdljaa 149 23 these these DT work_i5jewootsnhvrcvfsugrmdljaa 149 24 phenomena phenomenon NNS work_i5jewootsnhvrcvfsugrmdljaa 149 25 , , , work_i5jewootsnhvrcvfsugrmdljaa 149 26 driven drive VBN work_i5jewootsnhvrcvfsugrmdljaa 149 27 by by IN work_i5jewootsnhvrcvfsugrmdljaa 149 28 Private Private NNP work_i5jewootsnhvrcvfsugrmdljaa 149 29 Information Information NNP work_i5jewootsnhvrcvfsugrmdljaa 149 30 , , , work_i5jewootsnhvrcvfsugrmdljaa 149 31 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 149 32 unconvincing unconvincing JJ work_i5jewootsnhvrcvfsugrmdljaa 149 33 . . . work_i5jewootsnhvrcvfsugrmdljaa 150 1 Thus thus RB work_i5jewootsnhvrcvfsugrmdljaa 150 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 150 3 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 150 4 offers offer VBZ work_i5jewootsnhvrcvfsugrmdljaa 150 5 a a DT work_i5jewootsnhvrcvfsugrmdljaa 150 6 distorted distorted JJ work_i5jewootsnhvrcvfsugrmdljaa 150 7 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 150 8 solution solution NN work_i5jewootsnhvrcvfsugrmdljaa 150 9 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 150 10 for for IN work_i5jewootsnhvrcvfsugrmdljaa 150 11 such such JJ work_i5jewootsnhvrcvfsugrmdljaa 150 12 problems problem NNS work_i5jewootsnhvrcvfsugrmdljaa 150 13 . . . work_i5jewootsnhvrcvfsugrmdljaa 151 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 151 2 i i NN work_i5jewootsnhvrcvfsugrmdljaa 151 3 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 151 4 What what WP work_i5jewootsnhvrcvfsugrmdljaa 151 5 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 151 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 151 7 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 151 8 that that WDT work_i5jewootsnhvrcvfsugrmdljaa 151 9 constitutes constitute VBZ work_i5jewootsnhvrcvfsugrmdljaa 151 10 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 151 11 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 151 12 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 151 13 information information NN work_i5jewootsnhvrcvfsugrmdljaa 151 14 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 152 1 If if IN work_i5jewootsnhvrcvfsugrmdljaa 152 2 forecasters forecaster NNS work_i5jewootsnhvrcvfsugrmdljaa 152 3 of of IN work_i5jewootsnhvrcvfsugrmdljaa 152 4 GNP GNP NNP work_i5jewootsnhvrcvfsugrmdljaa 152 5 growth growth NN work_i5jewootsnhvrcvfsugrmdljaa 152 6 or or CC work_i5jewootsnhvrcvfsugrmdljaa 152 7 future future JJ work_i5jewootsnhvrcvfsugrmdljaa 152 8 interest interest NN work_i5jewootsnhvrcvfsugrmdljaa 152 9 rates rate NNS work_i5jewootsnhvrcvfsugrmdljaa 152 10 use use VBP work_i5jewootsnhvrcvfsugrmdljaa 152 11 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 152 12 , , , work_i5jewootsnhvrcvfsugrmdljaa 152 13 one one PRP work_i5jewootsnhvrcvfsugrmdljaa 152 14 must must MD work_i5jewootsnhvrcvfsugrmdljaa 152 15 be be VB work_i5jewootsnhvrcvfsugrmdljaa 152 16 able able JJ work_i5jewootsnhvrcvfsugrmdljaa 152 17 to to TO work_i5jewootsnhvrcvfsugrmdljaa 152 18 specify specify VB work_i5jewootsnhvrcvfsugrmdljaa 152 19 the the DT work_i5jewootsnhvrcvfsugrmdljaa 152 20 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 152 21 to to TO work_i5jewootsnhvrcvfsugrmdljaa 152 22 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 152 23 such such JJ work_i5jewootsnhvrcvfsugrmdljaa 152 24 forecasters forecaster NNS work_i5jewootsnhvrcvfsugrmdljaa 152 25 have have VBP work_i5jewootsnhvrcvfsugrmdljaa 152 26 an an DT work_i5jewootsnhvrcvfsugrmdljaa 152 27 exclusive exclusive JJ work_i5jewootsnhvrcvfsugrmdljaa 152 28 access access NN work_i5jewootsnhvrcvfsugrmdljaa 152 29 . . . work_i5jewootsnhvrcvfsugrmdljaa 153 1 Forecasters forecaster NNS work_i5jewootsnhvrcvfsugrmdljaa 153 2 of of IN work_i5jewootsnhvrcvfsugrmdljaa 153 3 macroeconomic macroeconomic JJ work_i5jewootsnhvrcvfsugrmdljaa 153 4 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 153 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 153 6 including include VBG work_i5jewootsnhvrcvfsugrmdljaa 153 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 153 8 Federal Federal NNP work_i5jewootsnhvrcvfsugrmdljaa 153 9 Reserve Reserve NNP work_i5jewootsnhvrcvfsugrmdljaa 153 10 itself -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 153 11 , , , work_i5jewootsnhvrcvfsugrmdljaa 153 12 state state VB work_i5jewootsnhvrcvfsugrmdljaa 153 13 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 153 14 data data NN work_i5jewootsnhvrcvfsugrmdljaa 153 15 sources source NNS work_i5jewootsnhvrcvfsugrmdljaa 153 16 and and CC work_i5jewootsnhvrcvfsugrmdljaa 153 17 universally universally RB work_i5jewootsnhvrcvfsugrmdljaa 153 18 claim claim VBP work_i5jewootsnhvrcvfsugrmdljaa 153 19 they -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 153 20 use use VBP work_i5jewootsnhvrcvfsugrmdljaa 153 21 only only RB work_i5jewootsnhvrcvfsugrmdljaa 153 22 published publish VBN work_i5jewootsnhvrcvfsugrmdljaa 153 23 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 153 24 . . . work_i5jewootsnhvrcvfsugrmdljaa 154 1 More more RBR work_i5jewootsnhvrcvfsugrmdljaa 154 2 important important JJ work_i5jewootsnhvrcvfsugrmdljaa 154 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 154 4 without without IN work_i5jewootsnhvrcvfsugrmdljaa 154 5 an an DT work_i5jewootsnhvrcvfsugrmdljaa 154 6 explicit explicit JJ work_i5jewootsnhvrcvfsugrmdljaa 154 7 identification identification NN work_i5jewootsnhvrcvfsugrmdljaa 154 8 of of IN work_i5jewootsnhvrcvfsugrmdljaa 154 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 154 10 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 154 11 information information NN work_i5jewootsnhvrcvfsugrmdljaa 154 12 used use VBN work_i5jewootsnhvrcvfsugrmdljaa 154 13 by by IN work_i5jewootsnhvrcvfsugrmdljaa 154 14 a a DT work_i5jewootsnhvrcvfsugrmdljaa 154 15 forecaster forecaster NN work_i5jewootsnhvrcvfsugrmdljaa 154 16 , , , work_i5jewootsnhvrcvfsugrmdljaa 154 17 a a DT work_i5jewootsnhvrcvfsugrmdljaa 154 18 model model NN work_i5jewootsnhvrcvfsugrmdljaa 154 19 with with IN work_i5jewootsnhvrcvfsugrmdljaa 154 20 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 154 21 does do VBZ work_i5jewootsnhvrcvfsugrmdljaa 154 22 not not RB work_i5jewootsnhvrcvfsugrmdljaa 154 23 make make VB work_i5jewootsnhvrcvfsugrmdljaa 154 24 sense sense NN work_i5jewootsnhvrcvfsugrmdljaa 154 25 . . . work_i5jewootsnhvrcvfsugrmdljaa 155 1 Indeed indeed RB work_i5jewootsnhvrcvfsugrmdljaa 155 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 155 3 all all DT work_i5jewootsnhvrcvfsugrmdljaa 155 4 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 155 5 implications implication NNS work_i5jewootsnhvrcvfsugrmdljaa 155 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 155 7 model model NN work_i5jewootsnhvrcvfsugrmdljaa 155 8 has have VBZ work_i5jewootsnhvrcvfsugrmdljaa 155 9 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 155 10 deduced deduce VBN work_i5jewootsnhvrcvfsugrmdljaa 155 11 from from IN work_i5jewootsnhvrcvfsugrmdljaa 155 12 restrictions restriction NNS work_i5jewootsnhvrcvfsugrmdljaa 155 13 imposed impose VBN work_i5jewootsnhvrcvfsugrmdljaa 155 14 by by IN work_i5jewootsnhvrcvfsugrmdljaa 155 15 that that DT work_i5jewootsnhvrcvfsugrmdljaa 155 16 information information NN work_i5jewootsnhvrcvfsugrmdljaa 155 17 . . . work_i5jewootsnhvrcvfsugrmdljaa 156 1 As as IN work_i5jewootsnhvrcvfsugrmdljaa 156 2 illustrated illustrate VBN work_i5jewootsnhvrcvfsugrmdljaa 156 3 in in IN work_i5jewootsnhvrcvfsugrmdljaa 156 4 Section section NN work_i5jewootsnhvrcvfsugrmdljaa 156 5 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 156 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 156 7 a a DT work_i5jewootsnhvrcvfsugrmdljaa 156 8 model model NN work_i5jewootsnhvrcvfsugrmdljaa 156 9 with with IN work_i5jewootsnhvrcvfsugrmdljaa 156 10 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 156 11 specifies specify VBZ work_i5jewootsnhvrcvfsugrmdljaa 156 12 an an DT work_i5jewootsnhvrcvfsugrmdljaa 156 13 unknown unknown JJ work_i5jewootsnhvrcvfsugrmdljaa 156 14 parameter parameter NN work_i5jewootsnhvrcvfsugrmdljaa 156 15 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 156 16 about about IN work_i5jewootsnhvrcvfsugrmdljaa 156 17 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 156 18 agents agent NNS work_i5jewootsnhvrcvfsugrmdljaa 156 19 receive receive VBP work_i5jewootsnhvrcvfsugrmdljaa 156 20 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 156 21 signals signal NNS work_i5jewootsnhvrcvfsugrmdljaa 156 22 with with IN work_i5jewootsnhvrcvfsugrmdljaa 156 23 For for IN work_i5jewootsnhvrcvfsugrmdljaa 156 24 this this DT work_i5jewootsnhvrcvfsugrmdljaa 156 25 to to TO work_i5jewootsnhvrcvfsugrmdljaa 156 26 have have VB work_i5jewootsnhvrcvfsugrmdljaa 156 27 meaning mean VBG work_i5jewootsnhvrcvfsugrmdljaa 156 28 one one PRP work_i5jewootsnhvrcvfsugrmdljaa 156 29 must must MD work_i5jewootsnhvrcvfsugrmdljaa 156 30 knowx knowx VB work_i5jewootsnhvrcvfsugrmdljaa 156 31 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 156 32 t t XX work_i5jewootsnhvrcvfsugrmdljaa 156 33 i i NNP work_i5jewootsnhvrcvfsugrmdljaa 156 34 ' ' `` work_i5jewootsnhvrcvfsugrmdljaa 156 35 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 156 36 , , , work_i5jewootsnhvrcvfsugrmdljaa 156 37 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 156 38 , , , work_i5jewootsnhvrcvfsugrmdljaa 156 39 . . . work_i5jewootsnhvrcvfsugrmdljaa 157 1 . . . work_i5jewootsnhvrcvfsugrmdljaa 158 1 . . . work_i5jewootsnhvrcvfsugrmdljaa 159 1 what what WP work_i5jewootsnhvrcvfsugrmdljaa 159 2 the the DT work_i5jewootsnhvrcvfsugrmdljaa 159 3 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 159 4 or or CC work_i5jewootsnhvrcvfsugrmdljaa 159 5 what what WP work_i5jewootsnhvrcvfsugrmdljaa 159 6 they -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 159 7 could could MD work_i5jewootsnhvrcvfsugrmdljaa 159 8 conceivably conceivably RB work_i5jewootsnhvrcvfsugrmdljaa 159 9 be be VB work_i5jewootsnhvrcvfsugrmdljaa 159 10 . . . work_i5jewootsnhvrcvfsugrmdljaa 160 1 When when WRB work_i5jewootsnhvrcvfsugrmdljaa 160 2 agents agent NNS work_i5jewootsnhvrcvfsugrmdljaa 160 3 forecast forecast VBP work_i5jewootsnhvrcvfsugrmdljaa 160 4 aggregate aggregate JJ work_i5jewootsnhvrcvfsugrmdljaa 160 5 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 160 6 in in IN work_i5jewootsnhvrcvfsugrmdljaa 160 7 thex thex NNP work_i5jewootsnhvrcvfsugrmdljaa 160 8 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 160 9 t t VBP work_i5jewootsnhvrcvfsugrmdljaa 160 10 10 10 CD work_i5jewootsnhvrcvfsugrmdljaa 160 11 three three CD work_i5jewootsnhvrcvfsugrmdljaa 160 12 categories category NNS work_i5jewootsnhvrcvfsugrmdljaa 160 13 above above RB work_i5jewootsnhvrcvfsugrmdljaa 160 14 , , , work_i5jewootsnhvrcvfsugrmdljaa 160 15 no no DT work_i5jewootsnhvrcvfsugrmdljaa 160 16 such such JJ work_i5jewootsnhvrcvfsugrmdljaa 160 17 imaginary imaginary JJ work_i5jewootsnhvrcvfsugrmdljaa 160 18 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 160 19 exist exist VBP work_i5jewootsnhvrcvfsugrmdljaa 160 20 . . . work_i5jewootsnhvrcvfsugrmdljaa 161 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 161 2 ii ii LS work_i5jewootsnhvrcvfsugrmdljaa 161 3 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 161 4 Asymmetric Asymmetric NNP work_i5jewootsnhvrcvfsugrmdljaa 161 5 information information NN work_i5jewootsnhvrcvfsugrmdljaa 161 6 imply imply VBP work_i5jewootsnhvrcvfsugrmdljaa 161 7 a a DT work_i5jewootsnhvrcvfsugrmdljaa 161 8 Secretive Secretive NNP work_i5jewootsnhvrcvfsugrmdljaa 161 9 Economy economy NN work_i5jewootsnhvrcvfsugrmdljaa 161 10 . . . work_i5jewootsnhvrcvfsugrmdljaa 162 1 Forecasters forecaster NNS work_i5jewootsnhvrcvfsugrmdljaa 162 2 take take VBP work_i5jewootsnhvrcvfsugrmdljaa 162 3 pride pride NN work_i5jewootsnhvrcvfsugrmdljaa 162 4 in in IN work_i5jewootsnhvrcvfsugrmdljaa 162 5 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 162 6 models model NNS work_i5jewootsnhvrcvfsugrmdljaa 162 7 and and CC work_i5jewootsnhvrcvfsugrmdljaa 162 8 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 162 9 eager eager JJ work_i5jewootsnhvrcvfsugrmdljaa 162 10 to to TO work_i5jewootsnhvrcvfsugrmdljaa 162 11 make make VB work_i5jewootsnhvrcvfsugrmdljaa 162 12 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 162 13 forecasts forecast NNS work_i5jewootsnhvrcvfsugrmdljaa 162 14 public public JJ work_i5jewootsnhvrcvfsugrmdljaa 162 15 . . . work_i5jewootsnhvrcvfsugrmdljaa 163 1 As as IN work_i5jewootsnhvrcvfsugrmdljaa 163 2 a a DT work_i5jewootsnhvrcvfsugrmdljaa 163 3 result result NN work_i5jewootsnhvrcvfsugrmdljaa 163 4 , , , work_i5jewootsnhvrcvfsugrmdljaa 163 5 there there EX work_i5jewootsnhvrcvfsugrmdljaa 163 6 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 163 7 vast vast JJ work_i5jewootsnhvrcvfsugrmdljaa 163 8 data data NN work_i5jewootsnhvrcvfsugrmdljaa 163 9 files file NNS work_i5jewootsnhvrcvfsugrmdljaa 163 10 on on IN work_i5jewootsnhvrcvfsugrmdljaa 163 11 market market NN work_i5jewootsnhvrcvfsugrmdljaa 163 12 forecasts forecast NNS work_i5jewootsnhvrcvfsugrmdljaa 163 13 of of IN work_i5jewootsnhvrcvfsugrmdljaa 163 14 most most JJS work_i5jewootsnhvrcvfsugrmdljaa 163 15 of of IN work_i5jewootsnhvrcvfsugrmdljaa 163 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 163 17 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 163 18 mentioned mention VBN work_i5jewootsnhvrcvfsugrmdljaa 163 19 . . . work_i5jewootsnhvrcvfsugrmdljaa 164 1 These these DT work_i5jewootsnhvrcvfsugrmdljaa 164 2 include include VBP work_i5jewootsnhvrcvfsugrmdljaa 164 3 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 164 4 of of IN work_i5jewootsnhvrcvfsugrmdljaa 164 5 the the DT work_i5jewootsnhvrcvfsugrmdljaa 164 6 Blue Blue NNP work_i5jewootsnhvrcvfsugrmdljaa 164 7 Chip Chip NNP work_i5jewootsnhvrcvfsugrmdljaa 164 8 Economic Economic NNP work_i5jewootsnhvrcvfsugrmdljaa 164 9 Indicators Indicators NNPS work_i5jewootsnhvrcvfsugrmdljaa 164 10 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 164 11 BLU BLU NNP work_i5jewootsnhvrcvfsugrmdljaa 164 12 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 164 13 , , , work_i5jewootsnhvrcvfsugrmdljaa 164 14 Blue Blue NNP work_i5jewootsnhvrcvfsugrmdljaa 164 15 Chip Chip NNP work_i5jewootsnhvrcvfsugrmdljaa 164 16 Financial Financial NNP work_i5jewootsnhvrcvfsugrmdljaa 164 17 Forecasts Forecasts NNPS work_i5jewootsnhvrcvfsugrmdljaa 164 18 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 164 19 BLUF BLUF NNP work_i5jewootsnhvrcvfsugrmdljaa 164 20 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 164 21 , , , work_i5jewootsnhvrcvfsugrmdljaa 164 22 the the DT work_i5jewootsnhvrcvfsugrmdljaa 164 23 Survey Survey NNP work_i5jewootsnhvrcvfsugrmdljaa 164 24 of of IN work_i5jewootsnhvrcvfsugrmdljaa 164 25 Professional Professional NNP work_i5jewootsnhvrcvfsugrmdljaa 164 26 Forecasters Forecasters NNPS work_i5jewootsnhvrcvfsugrmdljaa 164 27 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 164 28 SPF SPF NNP work_i5jewootsnhvrcvfsugrmdljaa 164 29 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 164 30 , , , work_i5jewootsnhvrcvfsugrmdljaa 164 31 forecasts forecast NNS work_i5jewootsnhvrcvfsugrmdljaa 164 32 by by IN work_i5jewootsnhvrcvfsugrmdljaa 164 33 individual individual JJ work_i5jewootsnhvrcvfsugrmdljaa 164 34 firms firm NNS work_i5jewootsnhvrcvfsugrmdljaa 164 35 engaged engage VBN work_i5jewootsnhvrcvfsugrmdljaa 164 36 in in IN work_i5jewootsnhvrcvfsugrmdljaa 164 37 forecasting forecasting NN work_i5jewootsnhvrcvfsugrmdljaa 164 38 and and CC work_i5jewootsnhvrcvfsugrmdljaa 164 39 even even RB work_i5jewootsnhvrcvfsugrmdljaa 164 40 detailed detailed JJ work_i5jewootsnhvrcvfsugrmdljaa 164 41 forecast forecast NN work_i5jewootsnhvrcvfsugrmdljaa 164 42 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 164 43 of of IN work_i5jewootsnhvrcvfsugrmdljaa 164 44 the the DT work_i5jewootsnhvrcvfsugrmdljaa 164 45 staff staff NN work_i5jewootsnhvrcvfsugrmdljaa 164 46 of of IN work_i5jewootsnhvrcvfsugrmdljaa 164 47 the the DT work_i5jewootsnhvrcvfsugrmdljaa 164 48 Federal Federal NNP work_i5jewootsnhvrcvfsugrmdljaa 164 49 Reserve Reserve NNP work_i5jewootsnhvrcvfsugrmdljaa 164 50 System System NNP work_i5jewootsnhvrcvfsugrmdljaa 164 51 . . . work_i5jewootsnhvrcvfsugrmdljaa 165 1 Such such JJ work_i5jewootsnhvrcvfsugrmdljaa 165 2 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 165 3 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 165 4 being be VBG work_i5jewootsnhvrcvfsugrmdljaa 165 5 used use VBN work_i5jewootsnhvrcvfsugrmdljaa 165 6 more more JJR work_i5jewootsnhvrcvfsugrmdljaa 165 7 and and CC work_i5jewootsnhvrcvfsugrmdljaa 165 8 more more RBR work_i5jewootsnhvrcvfsugrmdljaa 165 9 in in IN work_i5jewootsnhvrcvfsugrmdljaa 165 10 economic economic JJ work_i5jewootsnhvrcvfsugrmdljaa 165 11 research research NN work_i5jewootsnhvrcvfsugrmdljaa 165 12 as as IN work_i5jewootsnhvrcvfsugrmdljaa 165 13 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 165 14 e.g. e.g. RB work_i5jewootsnhvrcvfsugrmdljaa 166 1 Romer Romer NNP work_i5jewootsnhvrcvfsugrmdljaa 166 2 and and CC work_i5jewootsnhvrcvfsugrmdljaa 166 3 Romer Romer NNP work_i5jewootsnhvrcvfsugrmdljaa 166 4 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 166 5 2000 2000 CD work_i5jewootsnhvrcvfsugrmdljaa 166 6 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 166 7 , , , work_i5jewootsnhvrcvfsugrmdljaa 166 8 Swanson Swanson NNP work_i5jewootsnhvrcvfsugrmdljaa 166 9 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 166 10 2006 2006 CD work_i5jewootsnhvrcvfsugrmdljaa 166 11 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 166 12 , , , work_i5jewootsnhvrcvfsugrmdljaa 166 13 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 166 14 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 166 15 2005 2005 CD work_i5jewootsnhvrcvfsugrmdljaa 166 16 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 166 17 , , , work_i5jewootsnhvrcvfsugrmdljaa 166 18 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 166 19 and and CC work_i5jewootsnhvrcvfsugrmdljaa 166 20 Motolese Motolese NNP work_i5jewootsnhvrcvfsugrmdljaa 166 21 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 166 22 2006 2006 CD work_i5jewootsnhvrcvfsugrmdljaa 166 23 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 166 24 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 166 25 . . . work_i5jewootsnhvrcvfsugrmdljaa 167 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 167 2 addition addition NN work_i5jewootsnhvrcvfsugrmdljaa 167 3 to to IN work_i5jewootsnhvrcvfsugrmdljaa 167 4 making make VBG work_i5jewootsnhvrcvfsugrmdljaa 167 5 public public JJ work_i5jewootsnhvrcvfsugrmdljaa 167 6 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 167 7 forecast forecast NN work_i5jewootsnhvrcvfsugrmdljaa 167 8 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 167 9 , , , work_i5jewootsnhvrcvfsugrmdljaa 167 10 forecasters forecaster NNS work_i5jewootsnhvrcvfsugrmdljaa 167 11 stress stress VBP work_i5jewootsnhvrcvfsugrmdljaa 167 12 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 167 13 opinions opinion NNS work_i5jewootsnhvrcvfsugrmdljaa 167 14 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 167 15 different different JJ work_i5jewootsnhvrcvfsugrmdljaa 167 16 from from IN work_i5jewootsnhvrcvfsugrmdljaa 167 17 others other NNS work_i5jewootsnhvrcvfsugrmdljaa 167 18 . . . work_i5jewootsnhvrcvfsugrmdljaa 168 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 168 2 discussing discuss VBG work_i5jewootsnhvrcvfsugrmdljaa 168 3 public public JJ work_i5jewootsnhvrcvfsugrmdljaa 168 4 information information NN work_i5jewootsnhvrcvfsugrmdljaa 168 5 they -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 168 6 explain explain VBP work_i5jewootsnhvrcvfsugrmdljaa 168 7 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 168 8 own own JJ work_i5jewootsnhvrcvfsugrmdljaa 168 9 interpretation interpretation NN work_i5jewootsnhvrcvfsugrmdljaa 168 10 of of IN work_i5jewootsnhvrcvfsugrmdljaa 168 11 such such JJ work_i5jewootsnhvrcvfsugrmdljaa 168 12 information information NN work_i5jewootsnhvrcvfsugrmdljaa 168 13 often often RB work_i5jewootsnhvrcvfsugrmdljaa 168 14 framed frame VBN work_i5jewootsnhvrcvfsugrmdljaa 168 15 as as IN work_i5jewootsnhvrcvfsugrmdljaa 168 16 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 168 17 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 168 18 thesis thesis NN work_i5jewootsnhvrcvfsugrmdljaa 168 19 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 168 20 , , , work_i5jewootsnhvrcvfsugrmdljaa 168 21 the the DT work_i5jewootsnhvrcvfsugrmdljaa 168 22 weight weight NN work_i5jewootsnhvrcvfsugrmdljaa 168 23 they -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 168 24 place place VBP work_i5jewootsnhvrcvfsugrmdljaa 168 25 on on IN work_i5jewootsnhvrcvfsugrmdljaa 168 26 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 168 27 and and CC work_i5jewootsnhvrcvfsugrmdljaa 168 28 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 168 29 disagreement disagreement NN work_i5jewootsnhvrcvfsugrmdljaa 168 30 with with IN work_i5jewootsnhvrcvfsugrmdljaa 168 31 others other NNS work_i5jewootsnhvrcvfsugrmdljaa 168 32 ’ ’ POS work_i5jewootsnhvrcvfsugrmdljaa 168 33 use use NN work_i5jewootsnhvrcvfsugrmdljaa 168 34 of of IN work_i5jewootsnhvrcvfsugrmdljaa 168 35 that that DT work_i5jewootsnhvrcvfsugrmdljaa 168 36 same same JJ work_i5jewootsnhvrcvfsugrmdljaa 168 37 information information NN work_i5jewootsnhvrcvfsugrmdljaa 168 38 . . . work_i5jewootsnhvrcvfsugrmdljaa 169 1 Trade trade NN work_i5jewootsnhvrcvfsugrmdljaa 169 2 journals journal NNS work_i5jewootsnhvrcvfsugrmdljaa 169 3 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 169 4 used use VBN work_i5jewootsnhvrcvfsugrmdljaa 169 5 to to TO work_i5jewootsnhvrcvfsugrmdljaa 169 6 debate debate VB work_i5jewootsnhvrcvfsugrmdljaa 169 7 forecasting forecasting NN work_i5jewootsnhvrcvfsugrmdljaa 169 8 techniques technique NNS work_i5jewootsnhvrcvfsugrmdljaa 169 9 and and CC work_i5jewootsnhvrcvfsugrmdljaa 169 10 in in IN work_i5jewootsnhvrcvfsugrmdljaa 169 11 public public JJ work_i5jewootsnhvrcvfsugrmdljaa 169 12 competitions competition NNS work_i5jewootsnhvrcvfsugrmdljaa 169 13 prizes prize NNS work_i5jewootsnhvrcvfsugrmdljaa 169 14 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 169 15 awarded award VBN work_i5jewootsnhvrcvfsugrmdljaa 169 16 to to IN work_i5jewootsnhvrcvfsugrmdljaa 169 17 the the DT work_i5jewootsnhvrcvfsugrmdljaa 169 18 best good JJS work_i5jewootsnhvrcvfsugrmdljaa 169 19 forecaster forecaster NN work_i5jewootsnhvrcvfsugrmdljaa 169 20 in in IN work_i5jewootsnhvrcvfsugrmdljaa 169 21 specified specified JJ work_i5jewootsnhvrcvfsugrmdljaa 169 22 categories category NNS work_i5jewootsnhvrcvfsugrmdljaa 169 23 . . . work_i5jewootsnhvrcvfsugrmdljaa 170 1 Since since IN work_i5jewootsnhvrcvfsugrmdljaa 170 2 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 170 3 gives give VBZ work_i5jewootsnhvrcvfsugrmdljaa 170 4 clear clear JJ work_i5jewootsnhvrcvfsugrmdljaa 170 5 advantage advantage NN work_i5jewootsnhvrcvfsugrmdljaa 170 6 to to IN work_i5jewootsnhvrcvfsugrmdljaa 170 7 those those DT work_i5jewootsnhvrcvfsugrmdljaa 170 8 who who WP work_i5jewootsnhvrcvfsugrmdljaa 170 9 have have VBP work_i5jewootsnhvrcvfsugrmdljaa 170 10 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 170 11 other other JJ work_i5jewootsnhvrcvfsugrmdljaa 170 12 forecasters forecaster NNS work_i5jewootsnhvrcvfsugrmdljaa 170 13 would would MD work_i5jewootsnhvrcvfsugrmdljaa 170 14 not not RB work_i5jewootsnhvrcvfsugrmdljaa 170 15 compete compete VB work_i5jewootsnhvrcvfsugrmdljaa 170 16 since since IN work_i5jewootsnhvrcvfsugrmdljaa 170 17 there there EX work_i5jewootsnhvrcvfsugrmdljaa 170 18 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 170 19 nothing nothing NN work_i5jewootsnhvrcvfsugrmdljaa 170 20 to to TO work_i5jewootsnhvrcvfsugrmdljaa 170 21 compete compete VB work_i5jewootsnhvrcvfsugrmdljaa 170 22 about about IN work_i5jewootsnhvrcvfsugrmdljaa 170 23 . . . work_i5jewootsnhvrcvfsugrmdljaa 171 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 171 2 short short JJ work_i5jewootsnhvrcvfsugrmdljaa 171 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 171 4 forecasters forecaster NNS work_i5jewootsnhvrcvfsugrmdljaa 171 5 view view VBP work_i5jewootsnhvrcvfsugrmdljaa 171 6 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 171 7 work work NN work_i5jewootsnhvrcvfsugrmdljaa 171 8 as as IN work_i5jewootsnhvrcvfsugrmdljaa 171 9 model model NN work_i5jewootsnhvrcvfsugrmdljaa 171 10 formulation formulation NN work_i5jewootsnhvrcvfsugrmdljaa 171 11 and and CC work_i5jewootsnhvrcvfsugrmdljaa 171 12 interpretation interpretation NN work_i5jewootsnhvrcvfsugrmdljaa 171 13 of of IN work_i5jewootsnhvrcvfsugrmdljaa 171 14 information information NN work_i5jewootsnhvrcvfsugrmdljaa 171 15 , , , work_i5jewootsnhvrcvfsugrmdljaa 171 16 not not RB work_i5jewootsnhvrcvfsugrmdljaa 171 17 a a DT work_i5jewootsnhvrcvfsugrmdljaa 171 18 reflection reflection NN work_i5jewootsnhvrcvfsugrmdljaa 171 19 of of IN work_i5jewootsnhvrcvfsugrmdljaa 171 20 secret secret JJ work_i5jewootsnhvrcvfsugrmdljaa 171 21 information information NN work_i5jewootsnhvrcvfsugrmdljaa 171 22 to to TO work_i5jewootsnhvrcvfsugrmdljaa 171 23 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 171 24 they -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 171 25 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 171 26 privy privy VBG work_i5jewootsnhvrcvfsugrmdljaa 171 27 . . . work_i5jewootsnhvrcvfsugrmdljaa 172 1 Such such JJ work_i5jewootsnhvrcvfsugrmdljaa 172 2 behavior behavior NN work_i5jewootsnhvrcvfsugrmdljaa 172 3 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 172 4 not not RB work_i5jewootsnhvrcvfsugrmdljaa 172 5 compatible compatible JJ work_i5jewootsnhvrcvfsugrmdljaa 172 6 with with IN work_i5jewootsnhvrcvfsugrmdljaa 172 7 an an DT work_i5jewootsnhvrcvfsugrmdljaa 172 8 equilibrium equilibrium NN work_i5jewootsnhvrcvfsugrmdljaa 172 9 with with IN work_i5jewootsnhvrcvfsugrmdljaa 172 10 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 172 11 . . . work_i5jewootsnhvrcvfsugrmdljaa 173 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 173 2 contrast contrast NN work_i5jewootsnhvrcvfsugrmdljaa 173 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 173 4 an an DT work_i5jewootsnhvrcvfsugrmdljaa 173 5 equilibrium equilibrium NN work_i5jewootsnhvrcvfsugrmdljaa 173 6 with with IN work_i5jewootsnhvrcvfsugrmdljaa 173 7 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 173 8 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 173 9 secretive secretive JJ work_i5jewootsnhvrcvfsugrmdljaa 173 10 . . . work_i5jewootsnhvrcvfsugrmdljaa 174 1 Individuals individual NNS work_i5jewootsnhvrcvfsugrmdljaa 174 2 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 174 3 careful careful JJ work_i5jewootsnhvrcvfsugrmdljaa 174 4 not not RB work_i5jewootsnhvrcvfsugrmdljaa 174 5 to to TO work_i5jewootsnhvrcvfsugrmdljaa 174 6 divulge divulge VB work_i5jewootsnhvrcvfsugrmdljaa 174 7 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 174 8 PI pi NN work_i5jewootsnhvrcvfsugrmdljaa 174 9 since since IN work_i5jewootsnhvrcvfsugrmdljaa 174 10 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 174 11 would would MD work_i5jewootsnhvrcvfsugrmdljaa 174 12 deprive deprive VB work_i5jewootsnhvrcvfsugrmdljaa 174 13 them -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 174 14 of of IN work_i5jewootsnhvrcvfsugrmdljaa 174 15 the the DT work_i5jewootsnhvrcvfsugrmdljaa 174 16 advantage advantage NN work_i5jewootsnhvrcvfsugrmdljaa 174 17 they -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 174 18 have have VBP work_i5jewootsnhvrcvfsugrmdljaa 174 19 . . . work_i5jewootsnhvrcvfsugrmdljaa 175 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 175 2 such such PDT work_i5jewootsnhvrcvfsugrmdljaa 175 3 an an DT work_i5jewootsnhvrcvfsugrmdljaa 175 4 equilibrium equilibrium NN work_i5jewootsnhvrcvfsugrmdljaa 175 5 all all DT work_i5jewootsnhvrcvfsugrmdljaa 175 6 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 175 7 forecast forecast NN work_i5jewootsnhvrcvfsugrmdljaa 175 8 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 175 9 of of IN work_i5jewootsnhvrcvfsugrmdljaa 175 10 any any DT work_i5jewootsnhvrcvfsugrmdljaa 175 11 state state NN work_i5jewootsnhvrcvfsugrmdljaa 175 12 variable variable NN work_i5jewootsnhvrcvfsugrmdljaa 175 13 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 175 14 e.g. e.g. RB work_i5jewootsnhvrcvfsugrmdljaa 176 1 productivity productivity NNP work_i5jewootsnhvrcvfsugrmdljaa 176 2 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 176 3 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 176 4 treated treat VBN work_i5jewootsnhvrcvfsugrmdljaa 176 5 as as IN work_i5jewootsnhvrcvfsugrmdljaa 176 6 sources source NNS work_i5jewootsnhvrcvfsugrmdljaa 176 7 of of IN work_i5jewootsnhvrcvfsugrmdljaa 176 8 new new JJ work_i5jewootsnhvrcvfsugrmdljaa 176 9 information information NN work_i5jewootsnhvrcvfsugrmdljaa 176 10 . . . work_i5jewootsnhvrcvfsugrmdljaa 177 1 Agents agent NNS work_i5jewootsnhvrcvfsugrmdljaa 177 2 use use VBP work_i5jewootsnhvrcvfsugrmdljaa 177 3 forecast forecast NN work_i5jewootsnhvrcvfsugrmdljaa 177 4 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 177 5 of of IN work_i5jewootsnhvrcvfsugrmdljaa 177 6 other other JJ work_i5jewootsnhvrcvfsugrmdljaa 177 7 forecasters forecaster NNS work_i5jewootsnhvrcvfsugrmdljaa 177 8 to to TO work_i5jewootsnhvrcvfsugrmdljaa 177 9 update update VB work_i5jewootsnhvrcvfsugrmdljaa 177 10 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 177 11 posterior posterior NN work_i5jewootsnhvrcvfsugrmdljaa 177 12 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 177 13 about about IN work_i5jewootsnhvrcvfsugrmdljaa 177 14 that that DT work_i5jewootsnhvrcvfsugrmdljaa 177 15 state state NN work_i5jewootsnhvrcvfsugrmdljaa 177 16 variable variable JJ work_i5jewootsnhvrcvfsugrmdljaa 177 17 . . . work_i5jewootsnhvrcvfsugrmdljaa 178 1 Had have VBD work_i5jewootsnhvrcvfsugrmdljaa 178 2 such such JJ work_i5jewootsnhvrcvfsugrmdljaa 178 3 PI pi NN work_i5jewootsnhvrcvfsugrmdljaa 178 4 been be VBN work_i5jewootsnhvrcvfsugrmdljaa 178 5 deduced deduce VBN work_i5jewootsnhvrcvfsugrmdljaa 178 6 from from IN work_i5jewootsnhvrcvfsugrmdljaa 178 7 forecasts forecast NNS work_i5jewootsnhvrcvfsugrmdljaa 178 8 , , , work_i5jewootsnhvrcvfsugrmdljaa 178 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 178 10 mean mean NNP work_i5jewootsnhvrcvfsugrmdljaa 178 11 market market NN work_i5jewootsnhvrcvfsugrmdljaa 178 12 forecast forecast NN work_i5jewootsnhvrcvfsugrmdljaa 178 13 would would MD work_i5jewootsnhvrcvfsugrmdljaa 178 14 change change VB work_i5jewootsnhvrcvfsugrmdljaa 178 15 . . . work_i5jewootsnhvrcvfsugrmdljaa 179 1 Since since IN work_i5jewootsnhvrcvfsugrmdljaa 179 2 in in IN work_i5jewootsnhvrcvfsugrmdljaa 179 3 reality reality NN work_i5jewootsnhvrcvfsugrmdljaa 179 4 all all DT work_i5jewootsnhvrcvfsugrmdljaa 179 5 forecasters forecaster NNS work_i5jewootsnhvrcvfsugrmdljaa 179 6 happily happily RB work_i5jewootsnhvrcvfsugrmdljaa 179 7 reveal reveal VBP work_i5jewootsnhvrcvfsugrmdljaa 179 8 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 179 9 forecasts forecast NNS work_i5jewootsnhvrcvfsugrmdljaa 179 10 , , , work_i5jewootsnhvrcvfsugrmdljaa 179 11 the the DT work_i5jewootsnhvrcvfsugrmdljaa 179 12 economy economy NN work_i5jewootsnhvrcvfsugrmdljaa 179 13 must must MD work_i5jewootsnhvrcvfsugrmdljaa 179 14 converge converge VB work_i5jewootsnhvrcvfsugrmdljaa 179 15 to to IN work_i5jewootsnhvrcvfsugrmdljaa 179 16 an an DT work_i5jewootsnhvrcvfsugrmdljaa 179 17 equilibrium equilibrium NN work_i5jewootsnhvrcvfsugrmdljaa 179 18 with with IN work_i5jewootsnhvrcvfsugrmdljaa 179 19 uniform uniform JJ work_i5jewootsnhvrcvfsugrmdljaa 179 20 information information NN work_i5jewootsnhvrcvfsugrmdljaa 179 21 . . . work_i5jewootsnhvrcvfsugrmdljaa 180 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 180 2 eagerness eagerness NN work_i5jewootsnhvrcvfsugrmdljaa 180 3 of of IN work_i5jewootsnhvrcvfsugrmdljaa 180 4 agents agent NNS work_i5jewootsnhvrcvfsugrmdljaa 180 5 to to TO work_i5jewootsnhvrcvfsugrmdljaa 180 6 reveal reveal VB work_i5jewootsnhvrcvfsugrmdljaa 180 7 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 180 8 forecasts forecast NNS work_i5jewootsnhvrcvfsugrmdljaa 180 9 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 180 10 thus thus RB work_i5jewootsnhvrcvfsugrmdljaa 180 11 not not RB work_i5jewootsnhvrcvfsugrmdljaa 180 12 compatible compatible JJ work_i5jewootsnhvrcvfsugrmdljaa 180 13 with with IN work_i5jewootsnhvrcvfsugrmdljaa 180 14 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 180 15 being be VBG work_i5jewootsnhvrcvfsugrmdljaa 180 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 180 17 cause cause NN work_i5jewootsnhvrcvfsugrmdljaa 180 18 of of IN work_i5jewootsnhvrcvfsugrmdljaa 180 19 the the DT work_i5jewootsnhvrcvfsugrmdljaa 180 20 persistent persistent JJ work_i5jewootsnhvrcvfsugrmdljaa 180 21 divergence divergence NN work_i5jewootsnhvrcvfsugrmdljaa 180 22 of of IN work_i5jewootsnhvrcvfsugrmdljaa 180 23 opinions opinion NNS work_i5jewootsnhvrcvfsugrmdljaa 180 24 and and CC work_i5jewootsnhvrcvfsugrmdljaa 180 25 forecasts forecast NNS work_i5jewootsnhvrcvfsugrmdljaa 180 26 . . . work_i5jewootsnhvrcvfsugrmdljaa 181 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 181 2 iii iii NNP work_i5jewootsnhvrcvfsugrmdljaa 181 3 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 181 4 For for IN work_i5jewootsnhvrcvfsugrmdljaa 181 5 the the DT work_i5jewootsnhvrcvfsugrmdljaa 181 6 problems problem NNS work_i5jewootsnhvrcvfsugrmdljaa 181 7 considered consider VBN work_i5jewootsnhvrcvfsugrmdljaa 181 8 , , , work_i5jewootsnhvrcvfsugrmdljaa 181 9 asymmetric asymmetric JJ work_i5jewootsnhvrcvfsugrmdljaa 181 10 information information NN work_i5jewootsnhvrcvfsugrmdljaa 181 11 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 181 12 not not RB work_i5jewootsnhvrcvfsugrmdljaa 181 13 sufficient sufficient JJ work_i5jewootsnhvrcvfsugrmdljaa 181 14 . . . work_i5jewootsnhvrcvfsugrmdljaa 182 1 Implicit implicit JJ work_i5jewootsnhvrcvfsugrmdljaa 182 2 in in IN work_i5jewootsnhvrcvfsugrmdljaa 182 3 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 182 4 ii ii NN work_i5jewootsnhvrcvfsugrmdljaa 182 5 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 182 6 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 182 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 182 8 fact fact NN work_i5jewootsnhvrcvfsugrmdljaa 182 9 that that IN work_i5jewootsnhvrcvfsugrmdljaa 182 10 in in IN work_i5jewootsnhvrcvfsugrmdljaa 182 11 REE ree NN work_i5jewootsnhvrcvfsugrmdljaa 182 12 with with IN work_i5jewootsnhvrcvfsugrmdljaa 182 13 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 182 14 , , , work_i5jewootsnhvrcvfsugrmdljaa 182 15 there there EX work_i5jewootsnhvrcvfsugrmdljaa 182 16 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 182 17 basic basic JJ work_i5jewootsnhvrcvfsugrmdljaa 182 18 tension tension NN work_i5jewootsnhvrcvfsugrmdljaa 182 19 between between IN work_i5jewootsnhvrcvfsugrmdljaa 182 20 information information NN work_i5jewootsnhvrcvfsugrmdljaa 182 21 asymmetry asymmetry NN work_i5jewootsnhvrcvfsugrmdljaa 182 22 and and CC work_i5jewootsnhvrcvfsugrmdljaa 182 23 revelation\learning revelation\learning NN work_i5jewootsnhvrcvfsugrmdljaa 182 24 . . . work_i5jewootsnhvrcvfsugrmdljaa 183 1 If if IN work_i5jewootsnhvrcvfsugrmdljaa 183 2 prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 183 3 reveal reveal VBP work_i5jewootsnhvrcvfsugrmdljaa 183 4 PI pi IN work_i5jewootsnhvrcvfsugrmdljaa 183 5 the the DT work_i5jewootsnhvrcvfsugrmdljaa 183 6 model model NN work_i5jewootsnhvrcvfsugrmdljaa 183 7 has have VBZ work_i5jewootsnhvrcvfsugrmdljaa 183 8 noise noise NN work_i5jewootsnhvrcvfsugrmdljaa 183 9 to to TO work_i5jewootsnhvrcvfsugrmdljaa 183 10 prevent prevent VB work_i5jewootsnhvrcvfsugrmdljaa 183 11 such such JJ work_i5jewootsnhvrcvfsugrmdljaa 183 12 revelation revelation NN work_i5jewootsnhvrcvfsugrmdljaa 183 13 . . . work_i5jewootsnhvrcvfsugrmdljaa 184 1 Noise Noise NNP work_i5jewootsnhvrcvfsugrmdljaa 184 2 must must MD work_i5jewootsnhvrcvfsugrmdljaa 184 3 be be VB work_i5jewootsnhvrcvfsugrmdljaa 184 4 unobserved unobserved JJ work_i5jewootsnhvrcvfsugrmdljaa 184 5 and and CC work_i5jewootsnhvrcvfsugrmdljaa 184 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 184 7 11 11 CD work_i5jewootsnhvrcvfsugrmdljaa 184 8 cause cause NN work_i5jewootsnhvrcvfsugrmdljaa 184 9 for for IN work_i5jewootsnhvrcvfsugrmdljaa 184 10 the the DT work_i5jewootsnhvrcvfsugrmdljaa 184 11 noise noise NN work_i5jewootsnhvrcvfsugrmdljaa 184 12 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 184 13 often often RB work_i5jewootsnhvrcvfsugrmdljaa 184 14 unspecified unspecified JJ work_i5jewootsnhvrcvfsugrmdljaa 184 15 . . . work_i5jewootsnhvrcvfsugrmdljaa 185 1 When when WRB work_i5jewootsnhvrcvfsugrmdljaa 185 2 specified specify VBN work_i5jewootsnhvrcvfsugrmdljaa 185 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 185 4 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 185 5 takes take VBZ work_i5jewootsnhvrcvfsugrmdljaa 185 6 strange strange JJ work_i5jewootsnhvrcvfsugrmdljaa 185 7 forms form NNS work_i5jewootsnhvrcvfsugrmdljaa 185 8 such such JJ work_i5jewootsnhvrcvfsugrmdljaa 185 9 as as IN work_i5jewootsnhvrcvfsugrmdljaa 185 10 an an DT work_i5jewootsnhvrcvfsugrmdljaa 185 11 unobserved unobserved JJ work_i5jewootsnhvrcvfsugrmdljaa 185 12 random random JJ work_i5jewootsnhvrcvfsugrmdljaa 185 13 supply supply NN work_i5jewootsnhvrcvfsugrmdljaa 185 14 of of IN work_i5jewootsnhvrcvfsugrmdljaa 185 15 the the DT work_i5jewootsnhvrcvfsugrmdljaa 185 16 asset asset NN work_i5jewootsnhvrcvfsugrmdljaa 185 17 . . . work_i5jewootsnhvrcvfsugrmdljaa 186 1 But but CC work_i5jewootsnhvrcvfsugrmdljaa 186 2 then then RB work_i5jewootsnhvrcvfsugrmdljaa 186 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 186 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 186 5 implications implication NNS work_i5jewootsnhvrcvfsugrmdljaa 186 6 of of IN work_i5jewootsnhvrcvfsugrmdljaa 186 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 186 8 theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 186 9 do do VBP work_i5jewootsnhvrcvfsugrmdljaa 186 10 not not RB work_i5jewootsnhvrcvfsugrmdljaa 186 11 depend depend VB work_i5jewootsnhvrcvfsugrmdljaa 186 12 only only RB work_i5jewootsnhvrcvfsugrmdljaa 186 13 upon upon IN work_i5jewootsnhvrcvfsugrmdljaa 186 14 the the DT work_i5jewootsnhvrcvfsugrmdljaa 186 15 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 186 16 information information NN work_i5jewootsnhvrcvfsugrmdljaa 186 17 available available JJ work_i5jewootsnhvrcvfsugrmdljaa 186 18 but but CC work_i5jewootsnhvrcvfsugrmdljaa 186 19 , , , work_i5jewootsnhvrcvfsugrmdljaa 186 20 more more RBR work_i5jewootsnhvrcvfsugrmdljaa 186 21 important important JJ work_i5jewootsnhvrcvfsugrmdljaa 186 22 , , , work_i5jewootsnhvrcvfsugrmdljaa 186 23 on on IN work_i5jewootsnhvrcvfsugrmdljaa 186 24 the the DT work_i5jewootsnhvrcvfsugrmdljaa 186 25 investigator investigator NN work_i5jewootsnhvrcvfsugrmdljaa 186 26 ’s ’s POS work_i5jewootsnhvrcvfsugrmdljaa 186 27 noise noise NN work_i5jewootsnhvrcvfsugrmdljaa 186 28 . . . work_i5jewootsnhvrcvfsugrmdljaa 187 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 187 2 problem problem NN work_i5jewootsnhvrcvfsugrmdljaa 187 3 does do VBZ work_i5jewootsnhvrcvfsugrmdljaa 187 4 not not RB work_i5jewootsnhvrcvfsugrmdljaa 187 5 end end VB work_i5jewootsnhvrcvfsugrmdljaa 187 6 there there RB work_i5jewootsnhvrcvfsugrmdljaa 187 7 . . . work_i5jewootsnhvrcvfsugrmdljaa 188 1 As as IN work_i5jewootsnhvrcvfsugrmdljaa 188 2 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 188 3 have have VBP work_i5jewootsnhvrcvfsugrmdljaa 188 4 seen see VBN work_i5jewootsnhvrcvfsugrmdljaa 188 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 188 6 repeated repeat VBN work_i5jewootsnhvrcvfsugrmdljaa 188 7 trading trading NN work_i5jewootsnhvrcvfsugrmdljaa 188 8 overcomes overcome VBZ work_i5jewootsnhvrcvfsugrmdljaa 188 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 188 10 effect effect NN work_i5jewootsnhvrcvfsugrmdljaa 188 11 of of IN work_i5jewootsnhvrcvfsugrmdljaa 188 12 noise noise NN work_i5jewootsnhvrcvfsugrmdljaa 188 13 and and CC work_i5jewootsnhvrcvfsugrmdljaa 188 14 leads lead VBZ work_i5jewootsnhvrcvfsugrmdljaa 188 15 to to IN work_i5jewootsnhvrcvfsugrmdljaa 188 16 full full JJ work_i5jewootsnhvrcvfsugrmdljaa 188 17 revelation revelation NN work_i5jewootsnhvrcvfsugrmdljaa 188 18 . . . work_i5jewootsnhvrcvfsugrmdljaa 189 1 Since since IN work_i5jewootsnhvrcvfsugrmdljaa 189 2 the the DT work_i5jewootsnhvrcvfsugrmdljaa 189 3 number number NN work_i5jewootsnhvrcvfsugrmdljaa 189 4 of of IN work_i5jewootsnhvrcvfsugrmdljaa 189 5 rounds round NNS work_i5jewootsnhvrcvfsugrmdljaa 189 6 of of IN work_i5jewootsnhvrcvfsugrmdljaa 189 7 trade trade NN work_i5jewootsnhvrcvfsugrmdljaa 189 8 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 189 9 a a DT work_i5jewootsnhvrcvfsugrmdljaa 189 10 model model NN work_i5jewootsnhvrcvfsugrmdljaa 189 11 construct construct NN work_i5jewootsnhvrcvfsugrmdljaa 189 12 , , , work_i5jewootsnhvrcvfsugrmdljaa 189 13 the the DT work_i5jewootsnhvrcvfsugrmdljaa 189 14 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 189 15 implications implication NNS work_i5jewootsnhvrcvfsugrmdljaa 189 16 of of IN work_i5jewootsnhvrcvfsugrmdljaa 189 17 the the DT work_i5jewootsnhvrcvfsugrmdljaa 189 18 model model NN work_i5jewootsnhvrcvfsugrmdljaa 189 19 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 189 20 affected affect VBN work_i5jewootsnhvrcvfsugrmdljaa 189 21 by by IN work_i5jewootsnhvrcvfsugrmdljaa 189 22 an an DT work_i5jewootsnhvrcvfsugrmdljaa 189 23 artificial artificial JJ work_i5jewootsnhvrcvfsugrmdljaa 189 24 component component NN work_i5jewootsnhvrcvfsugrmdljaa 189 25 constructed construct VBN work_i5jewootsnhvrcvfsugrmdljaa 189 26 in in IN work_i5jewootsnhvrcvfsugrmdljaa 189 27 the the DT work_i5jewootsnhvrcvfsugrmdljaa 189 28 model model NN work_i5jewootsnhvrcvfsugrmdljaa 189 29 . . . work_i5jewootsnhvrcvfsugrmdljaa 190 1 Finally finally RB work_i5jewootsnhvrcvfsugrmdljaa 190 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 190 3 there there EX work_i5jewootsnhvrcvfsugrmdljaa 190 4 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 190 5 other other JJ work_i5jewootsnhvrcvfsugrmdljaa 190 6 channels channel NNS work_i5jewootsnhvrcvfsugrmdljaa 190 7 that that WDT work_i5jewootsnhvrcvfsugrmdljaa 190 8 affect affect VBP work_i5jewootsnhvrcvfsugrmdljaa 190 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 190 10 revelation revelation NN work_i5jewootsnhvrcvfsugrmdljaa 190 11 of of IN work_i5jewootsnhvrcvfsugrmdljaa 190 12 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 190 13 . . . work_i5jewootsnhvrcvfsugrmdljaa 191 1 For for IN work_i5jewootsnhvrcvfsugrmdljaa 191 2 example example NN work_i5jewootsnhvrcvfsugrmdljaa 191 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 191 4 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 191 5 forecast forecast NN work_i5jewootsnhvrcvfsugrmdljaa 191 6 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 191 7 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 191 8 available available JJ work_i5jewootsnhvrcvfsugrmdljaa 191 9 and and CC work_i5jewootsnhvrcvfsugrmdljaa 191 10 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 191 11 extensively extensively RB work_i5jewootsnhvrcvfsugrmdljaa 191 12 used use VBN work_i5jewootsnhvrcvfsugrmdljaa 191 13 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 191 14 otherwise otherwise RB work_i5jewootsnhvrcvfsugrmdljaa 191 15 the the DT work_i5jewootsnhvrcvfsugrmdljaa 191 16 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 191 17 would would MD work_i5jewootsnhvrcvfsugrmdljaa 191 18 not not RB work_i5jewootsnhvrcvfsugrmdljaa 191 19 be be VB work_i5jewootsnhvrcvfsugrmdljaa 191 20 collected collect VBN work_i5jewootsnhvrcvfsugrmdljaa 191 21 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 191 22 . . . work_i5jewootsnhvrcvfsugrmdljaa 192 1 Given give VBN work_i5jewootsnhvrcvfsugrmdljaa 192 2 the the DT work_i5jewootsnhvrcvfsugrmdljaa 192 3 assumption assumption NN work_i5jewootsnhvrcvfsugrmdljaa 192 4 of of IN work_i5jewootsnhvrcvfsugrmdljaa 192 5 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 192 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 192 7 much much JJ work_i5jewootsnhvrcvfsugrmdljaa 192 8 information information NN work_i5jewootsnhvrcvfsugrmdljaa 192 9 could could MD work_i5jewootsnhvrcvfsugrmdljaa 192 10 then then RB work_i5jewootsnhvrcvfsugrmdljaa 192 11 be be VB work_i5jewootsnhvrcvfsugrmdljaa 192 12 deduced deduce VBN work_i5jewootsnhvrcvfsugrmdljaa 192 13 from from IN work_i5jewootsnhvrcvfsugrmdljaa 192 14 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 192 15 forecasts forecast NNS work_i5jewootsnhvrcvfsugrmdljaa 192 16 . . . work_i5jewootsnhvrcvfsugrmdljaa 193 1 Hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 193 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 193 3 any any DT work_i5jewootsnhvrcvfsugrmdljaa 193 4 implications implication NNS work_i5jewootsnhvrcvfsugrmdljaa 193 5 of of IN work_i5jewootsnhvrcvfsugrmdljaa 193 6 theories theory NNS work_i5jewootsnhvrcvfsugrmdljaa 193 7 based base VBN work_i5jewootsnhvrcvfsugrmdljaa 193 8 on on IN work_i5jewootsnhvrcvfsugrmdljaa 193 9 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 193 10 can can MD work_i5jewootsnhvrcvfsugrmdljaa 193 11 not not RB work_i5jewootsnhvrcvfsugrmdljaa 193 12 depend depend VB work_i5jewootsnhvrcvfsugrmdljaa 193 13 only only RB work_i5jewootsnhvrcvfsugrmdljaa 193 14 upon upon IN work_i5jewootsnhvrcvfsugrmdljaa 193 15 prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 193 16 ; ; : work_i5jewootsnhvrcvfsugrmdljaa 193 17 they -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 193 18 must must MD work_i5jewootsnhvrcvfsugrmdljaa 193 19 also also RB work_i5jewootsnhvrcvfsugrmdljaa 193 20 depend depend VB work_i5jewootsnhvrcvfsugrmdljaa 193 21 upon upon IN work_i5jewootsnhvrcvfsugrmdljaa 193 22 other other JJ work_i5jewootsnhvrcvfsugrmdljaa 193 23 channels channel NNS work_i5jewootsnhvrcvfsugrmdljaa 193 24 for for IN work_i5jewootsnhvrcvfsugrmdljaa 193 25 inference inference NN work_i5jewootsnhvrcvfsugrmdljaa 193 26 . . . work_i5jewootsnhvrcvfsugrmdljaa 194 1 Without without IN work_i5jewootsnhvrcvfsugrmdljaa 194 2 credible credible JJ work_i5jewootsnhvrcvfsugrmdljaa 194 3 and and CC work_i5jewootsnhvrcvfsugrmdljaa 194 4 observable observable JJ work_i5jewootsnhvrcvfsugrmdljaa 194 5 ways way NNS work_i5jewootsnhvrcvfsugrmdljaa 194 6 to to TO work_i5jewootsnhvrcvfsugrmdljaa 194 7 measure measure VB work_i5jewootsnhvrcvfsugrmdljaa 194 8 these these DT work_i5jewootsnhvrcvfsugrmdljaa 194 9 channels channel NNS work_i5jewootsnhvrcvfsugrmdljaa 194 10 of of IN work_i5jewootsnhvrcvfsugrmdljaa 194 11 revelation revelation NN work_i5jewootsnhvrcvfsugrmdljaa 194 12 the the DT work_i5jewootsnhvrcvfsugrmdljaa 194 13 theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 194 14 lacks lack VBZ work_i5jewootsnhvrcvfsugrmdljaa 194 15 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 194 16 implications implication NNS work_i5jewootsnhvrcvfsugrmdljaa 194 17 . . . work_i5jewootsnhvrcvfsugrmdljaa 195 1 Also also RB work_i5jewootsnhvrcvfsugrmdljaa 195 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 195 3 there there EX work_i5jewootsnhvrcvfsugrmdljaa 195 4 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 195 5 other other JJ work_i5jewootsnhvrcvfsugrmdljaa 195 6 formulations formulation NNS work_i5jewootsnhvrcvfsugrmdljaa 195 7 of of IN work_i5jewootsnhvrcvfsugrmdljaa 195 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 195 9 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 195 10 information information NN work_i5jewootsnhvrcvfsugrmdljaa 195 11 model model NN work_i5jewootsnhvrcvfsugrmdljaa 195 12 in in IN work_i5jewootsnhvrcvfsugrmdljaa 195 13 real real JJ work_i5jewootsnhvrcvfsugrmdljaa 195 14 time time NN work_i5jewootsnhvrcvfsugrmdljaa 195 15 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 195 16 e.g. e.g. RB work_i5jewootsnhvrcvfsugrmdljaa 196 1 Judd Judd NNP work_i5jewootsnhvrcvfsugrmdljaa 196 2 and and CC work_i5jewootsnhvrcvfsugrmdljaa 196 3 Bernardo Bernardo NNP work_i5jewootsnhvrcvfsugrmdljaa 196 4 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 196 5 1996 1996 CD work_i5jewootsnhvrcvfsugrmdljaa 196 6 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 196 7 , , , work_i5jewootsnhvrcvfsugrmdljaa 196 8 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 196 9 2000 2000 CD work_i5jewootsnhvrcvfsugrmdljaa 196 10 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 196 11 , , , work_i5jewootsnhvrcvfsugrmdljaa 196 12 Bacchetta Bacchetta NNP work_i5jewootsnhvrcvfsugrmdljaa 196 13 and and CC work_i5jewootsnhvrcvfsugrmdljaa 196 14 van van NNP work_i5jewootsnhvrcvfsugrmdljaa 196 15 Wincoop Wincoop NNP work_i5jewootsnhvrcvfsugrmdljaa 196 16 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 196 17 2005a 2005a CD work_i5jewootsnhvrcvfsugrmdljaa 196 18 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 196 19 , , , work_i5jewootsnhvrcvfsugrmdljaa 196 20 Wang Wang NNP work_i5jewootsnhvrcvfsugrmdljaa 196 21 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 196 22 1994 1994 CD work_i5jewootsnhvrcvfsugrmdljaa 196 23 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 196 24 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 196 25 but but CC work_i5jewootsnhvrcvfsugrmdljaa 196 26 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 196 27 do do VBP work_i5jewootsnhvrcvfsugrmdljaa 196 28 not not RB work_i5jewootsnhvrcvfsugrmdljaa 196 29 review review VB work_i5jewootsnhvrcvfsugrmdljaa 196 30 them -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 196 31 here here RB work_i5jewootsnhvrcvfsugrmdljaa 196 32 . . . work_i5jewootsnhvrcvfsugrmdljaa 197 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 197 2 iv iv LS work_i5jewootsnhvrcvfsugrmdljaa 197 3 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 197 4 If if IN work_i5jewootsnhvrcvfsugrmdljaa 197 5 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 197 6 signals signal NNS work_i5jewootsnhvrcvfsugrmdljaa 197 7 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 197 8 unobserved unobserved JJ work_i5jewootsnhvrcvfsugrmdljaa 197 9 , , , work_i5jewootsnhvrcvfsugrmdljaa 197 10 how how WRB work_i5jewootsnhvrcvfsugrmdljaa 197 11 could could MD work_i5jewootsnhvrcvfsugrmdljaa 197 12 common common JJ work_i5jewootsnhvrcvfsugrmdljaa 197 13 knowledge knowledge NN work_i5jewootsnhvrcvfsugrmdljaa 197 14 of of IN work_i5jewootsnhvrcvfsugrmdljaa 197 15 the the DT work_i5jewootsnhvrcvfsugrmdljaa 197 16 structure structure NN work_i5jewootsnhvrcvfsugrmdljaa 197 17 be be VB work_i5jewootsnhvrcvfsugrmdljaa 197 18 attained attain VBN work_i5jewootsnhvrcvfsugrmdljaa 197 19 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 198 1 To to TO work_i5jewootsnhvrcvfsugrmdljaa 198 2 permit permit VB work_i5jewootsnhvrcvfsugrmdljaa 198 3 a a DT work_i5jewootsnhvrcvfsugrmdljaa 198 4 deduction deduction NN work_i5jewootsnhvrcvfsugrmdljaa 198 5 of of IN work_i5jewootsnhvrcvfsugrmdljaa 198 6 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 198 7 from from IN work_i5jewootsnhvrcvfsugrmdljaa 198 8 public public JJ work_i5jewootsnhvrcvfsugrmdljaa 198 9 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 198 10 the the DT work_i5jewootsnhvrcvfsugrmdljaa 198 11 structure structure NN work_i5jewootsnhvrcvfsugrmdljaa 198 12 of of IN work_i5jewootsnhvrcvfsugrmdljaa 198 13 the the DT work_i5jewootsnhvrcvfsugrmdljaa 198 14 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 198 15 signals signal NNS work_i5jewootsnhvrcvfsugrmdljaa 198 16 must must MD work_i5jewootsnhvrcvfsugrmdljaa 198 17 be be VB work_i5jewootsnhvrcvfsugrmdljaa 198 18 common common JJ work_i5jewootsnhvrcvfsugrmdljaa 198 19 knowledge knowledge NN work_i5jewootsnhvrcvfsugrmdljaa 198 20 . . . work_i5jewootsnhvrcvfsugrmdljaa 199 1 For for IN work_i5jewootsnhvrcvfsugrmdljaa 199 2 example example NN work_i5jewootsnhvrcvfsugrmdljaa 199 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 199 4 they -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 199 5 may may MD work_i5jewootsnhvrcvfsugrmdljaa 199 6 take take VB work_i5jewootsnhvrcvfsugrmdljaa 199 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 199 8 form form NN work_i5jewootsnhvrcvfsugrmdljaa 199 9 where where WRB work_i5jewootsnhvrcvfsugrmdljaa 199 10 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 199 11 pure pure JJ work_i5jewootsnhvrcvfsugrmdljaa 199 12 noise noise NN work_i5jewootsnhvrcvfsugrmdljaa 199 13 , , , work_i5jewootsnhvrcvfsugrmdljaa 199 14 independentx independentx VBZ work_i5jewootsnhvrcvfsugrmdljaa 199 15 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 199 16 ' ' `` work_i5jewootsnhvrcvfsugrmdljaa 199 17 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 199 18 % % NN work_i5jewootsnhvrcvfsugrmdljaa 199 19 εi εi NN work_i5jewootsnhvrcvfsugrmdljaa 199 20 εi εi NNP work_i5jewootsnhvrcvfsugrmdljaa 199 21 across across IN work_i5jewootsnhvrcvfsugrmdljaa 199 22 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 199 23 . . . work_i5jewootsnhvrcvfsugrmdljaa 200 1 But but CC work_i5jewootsnhvrcvfsugrmdljaa 200 2 then then RB work_i5jewootsnhvrcvfsugrmdljaa 200 3 one one PRP work_i5jewootsnhvrcvfsugrmdljaa 200 4 asks ask VBZ work_i5jewootsnhvrcvfsugrmdljaa 200 5 the the DT work_i5jewootsnhvrcvfsugrmdljaa 200 6 simpler simple JJR work_i5jewootsnhvrcvfsugrmdljaa 200 7 question question NN work_i5jewootsnhvrcvfsugrmdljaa 200 8 : : : work_i5jewootsnhvrcvfsugrmdljaa 200 9 if if IN work_i5jewootsnhvrcvfsugrmdljaa 200 10 these these DT work_i5jewootsnhvrcvfsugrmdljaa 200 11 signals signal NNS work_i5jewootsnhvrcvfsugrmdljaa 200 12 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 200 13 not not RB work_i5jewootsnhvrcvfsugrmdljaa 200 14 publically publically RB work_i5jewootsnhvrcvfsugrmdljaa 200 15 observed observe VBN work_i5jewootsnhvrcvfsugrmdljaa 200 16 , , , work_i5jewootsnhvrcvfsugrmdljaa 200 17 how how WRB work_i5jewootsnhvrcvfsugrmdljaa 200 18 does do VBZ work_i5jewootsnhvrcvfsugrmdljaa 200 19 the the DT work_i5jewootsnhvrcvfsugrmdljaa 200 20 common common JJ work_i5jewootsnhvrcvfsugrmdljaa 200 21 knowledge knowledge NN work_i5jewootsnhvrcvfsugrmdljaa 200 22 come come VB work_i5jewootsnhvrcvfsugrmdljaa 200 23 about about IN work_i5jewootsnhvrcvfsugrmdljaa 200 24 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 201 1 How how WRB work_i5jewootsnhvrcvfsugrmdljaa 201 2 does do VBZ work_i5jewootsnhvrcvfsugrmdljaa 201 3 agent agent NN work_i5jewootsnhvrcvfsugrmdljaa 201 4 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 201 5 know know VBP work_i5jewootsnhvrcvfsugrmdljaa 201 6 that that IN work_i5jewootsnhvrcvfsugrmdljaa 201 7 his -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 201 8 own own JJ work_i5jewootsnhvrcvfsugrmdljaa 201 9 signal signal NN work_i5jewootsnhvrcvfsugrmdljaa 201 10 takes take VBZ work_i5jewootsnhvrcvfsugrmdljaa 201 11 the the DT work_i5jewootsnhvrcvfsugrmdljaa 201 12 form form NN work_i5jewootsnhvrcvfsugrmdljaa 201 13 and and CC work_i5jewootsnhvrcvfsugrmdljaa 201 14 that that DT work_i5jewootsnhvrcvfsugrmdljaa 201 15 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 201 16 an an DT work_i5jewootsnhvrcvfsugrmdljaa 201 17 unbiased unbiased JJ work_i5jewootsnhvrcvfsugrmdljaa 201 18 estimate estimate NN work_i5jewootsnhvrcvfsugrmdljaa 201 19 of of IN work_i5jewootsnhvrcvfsugrmdljaa 201 20 θ θ NNP work_i5jewootsnhvrcvfsugrmdljaa 201 21 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 202 1 How how WRB work_i5jewootsnhvrcvfsugrmdljaa 202 2 does do VBZ work_i5jewootsnhvrcvfsugrmdljaa 202 3 trader trader VB work_i5jewootsnhvrcvfsugrmdljaa 202 4 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 202 5 knows know VBZ work_i5jewootsnhvrcvfsugrmdljaa 202 6 that that IN work_i5jewootsnhvrcvfsugrmdljaa 202 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 202 8 signal signal NN work_i5jewootsnhvrcvfsugrmdljaa 202 9 of of IN work_i5jewootsnhvrcvfsugrmdljaa 202 10 k k NNP work_i5jewootsnhvrcvfsugrmdljaa 202 11 x x NNP work_i5jewootsnhvrcvfsugrmdljaa 202 12 i i NN work_i5jewootsnhvrcvfsugrmdljaa 202 13 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 202 14 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 202 15 % % NN work_i5jewootsnhvrcvfsugrmdljaa 202 16 εi εi NNP work_i5jewootsnhvrcvfsugrmdljaa 202 17 x x NNP work_i5jewootsnhvrcvfsugrmdljaa 202 18 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 202 19 takes take VBZ work_i5jewootsnhvrcvfsugrmdljaa 202 20 the the DT work_i5jewootsnhvrcvfsugrmdljaa 202 21 form form NN work_i5jewootsnhvrcvfsugrmdljaa 202 22 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 203 1 Are be VBP work_i5jewootsnhvrcvfsugrmdljaa 203 2 these these DT work_i5jewootsnhvrcvfsugrmdljaa 203 3 not not RB work_i5jewootsnhvrcvfsugrmdljaa 203 4 merely merely RB work_i5jewootsnhvrcvfsugrmdljaa 203 5 devices device NNS work_i5jewootsnhvrcvfsugrmdljaa 203 6 used use VBN work_i5jewootsnhvrcvfsugrmdljaa 203 7 by by IN work_i5jewootsnhvrcvfsugrmdljaa 203 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 203 9 investigator investigator NN work_i5jewootsnhvrcvfsugrmdljaa 203 10 to to TO work_i5jewootsnhvrcvfsugrmdljaa 203 11 enable enable VB work_i5jewootsnhvrcvfsugrmdljaa 203 12 a a DT work_i5jewootsnhvrcvfsugrmdljaa 203 13 closedx closedx NN work_i5jewootsnhvrcvfsugrmdljaa 203 14 k k NN work_i5jewootsnhvrcvfsugrmdljaa 203 15 ' ' `` work_i5jewootsnhvrcvfsugrmdljaa 203 16 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 203 17 % % NN work_i5jewootsnhvrcvfsugrmdljaa 203 18 εk εk NN work_i5jewootsnhvrcvfsugrmdljaa 203 19 form form NN work_i5jewootsnhvrcvfsugrmdljaa 203 20 solution solution NN work_i5jewootsnhvrcvfsugrmdljaa 203 21 of of IN work_i5jewootsnhvrcvfsugrmdljaa 203 22 the the DT work_i5jewootsnhvrcvfsugrmdljaa 203 23 Bayesian bayesian JJ work_i5jewootsnhvrcvfsugrmdljaa 203 24 inference inference NN work_i5jewootsnhvrcvfsugrmdljaa 203 25 problem problem NN work_i5jewootsnhvrcvfsugrmdljaa 203 26 , , , work_i5jewootsnhvrcvfsugrmdljaa 203 27 rather rather RB work_i5jewootsnhvrcvfsugrmdljaa 203 28 than than IN work_i5jewootsnhvrcvfsugrmdljaa 203 29 an an DT work_i5jewootsnhvrcvfsugrmdljaa 203 30 empirically empirically RB work_i5jewootsnhvrcvfsugrmdljaa 203 31 verifiable verifiable JJ work_i5jewootsnhvrcvfsugrmdljaa 203 32 hypothesis hypothesis NN work_i5jewootsnhvrcvfsugrmdljaa 203 33 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 204 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 204 2 v v LS work_i5jewootsnhvrcvfsugrmdljaa 204 3 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 204 4 Why why WRB work_i5jewootsnhvrcvfsugrmdljaa 204 5 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 204 6 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 204 7 signals signal NNS work_i5jewootsnhvrcvfsugrmdljaa 204 8 more more RBR work_i5jewootsnhvrcvfsugrmdljaa 204 9 informative informative JJ work_i5jewootsnhvrcvfsugrmdljaa 204 10 than than IN work_i5jewootsnhvrcvfsugrmdljaa 204 11 audited audited JJ work_i5jewootsnhvrcvfsugrmdljaa 204 12 public public JJ work_i5jewootsnhvrcvfsugrmdljaa 204 13 signals signal NNS work_i5jewootsnhvrcvfsugrmdljaa 204 14 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 205 1 One one CD work_i5jewootsnhvrcvfsugrmdljaa 205 2 peculiar peculiar JJ work_i5jewootsnhvrcvfsugrmdljaa 205 3 assumption assumption NN work_i5jewootsnhvrcvfsugrmdljaa 205 4 that that WDT work_i5jewootsnhvrcvfsugrmdljaa 205 5 drives drive VBZ work_i5jewootsnhvrcvfsugrmdljaa 205 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 205 7 results result NNS work_i5jewootsnhvrcvfsugrmdljaa 205 8 of of IN work_i5jewootsnhvrcvfsugrmdljaa 205 9 Morris Morris NNP work_i5jewootsnhvrcvfsugrmdljaa 205 10 and and CC work_i5jewootsnhvrcvfsugrmdljaa 205 11 Shin Shin NNP work_i5jewootsnhvrcvfsugrmdljaa 205 12 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 205 13 2002 2002 CD work_i5jewootsnhvrcvfsugrmdljaa 205 14 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 205 15 , , , work_i5jewootsnhvrcvfsugrmdljaa 205 16 Allen Allen NNP work_i5jewootsnhvrcvfsugrmdljaa 205 17 , , , work_i5jewootsnhvrcvfsugrmdljaa 205 18 Morris Morris NNP work_i5jewootsnhvrcvfsugrmdljaa 205 19 and and CC work_i5jewootsnhvrcvfsugrmdljaa 205 20 Shin Shin NNP work_i5jewootsnhvrcvfsugrmdljaa 205 21 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 205 22 2003 2003 CD work_i5jewootsnhvrcvfsugrmdljaa 205 23 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 205 24 , , , work_i5jewootsnhvrcvfsugrmdljaa 205 25 Bacchetta Bacchetta NNP work_i5jewootsnhvrcvfsugrmdljaa 205 26 and and CC work_i5jewootsnhvrcvfsugrmdljaa 205 27 van van NNP work_i5jewootsnhvrcvfsugrmdljaa 205 28 Wincoop Wincoop NNP work_i5jewootsnhvrcvfsugrmdljaa 205 29 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 205 30 2005a 2005a CD work_i5jewootsnhvrcvfsugrmdljaa 205 31 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 205 32 and and CC work_i5jewootsnhvrcvfsugrmdljaa 205 33 others other NNS work_i5jewootsnhvrcvfsugrmdljaa 205 34 , , , work_i5jewootsnhvrcvfsugrmdljaa 205 35 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 205 36 explained explain VBN work_i5jewootsnhvrcvfsugrmdljaa 205 37 in in IN work_i5jewootsnhvrcvfsugrmdljaa 205 38 the the DT work_i5jewootsnhvrcvfsugrmdljaa 205 39 model model NN work_i5jewootsnhvrcvfsugrmdljaa 205 40 of of IN work_i5jewootsnhvrcvfsugrmdljaa 205 41 Section section NN work_i5jewootsnhvrcvfsugrmdljaa 205 42 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 205 43 . . . work_i5jewootsnhvrcvfsugrmdljaa 206 1 It -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 206 2 says say VBZ work_i5jewootsnhvrcvfsugrmdljaa 206 3 that that IN work_i5jewootsnhvrcvfsugrmdljaa 206 4 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 206 5 get get VBP work_i5jewootsnhvrcvfsugrmdljaa 206 6 a a DT work_i5jewootsnhvrcvfsugrmdljaa 206 7 public public JJ work_i5jewootsnhvrcvfsugrmdljaa 206 8 signal signal NN work_i5jewootsnhvrcvfsugrmdljaa 206 9 y y NN work_i5jewootsnhvrcvfsugrmdljaa 206 10 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 206 11 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 206 12 the the DT work_i5jewootsnhvrcvfsugrmdljaa 206 13 mean mean JJ work_i5jewootsnhvrcvfsugrmdljaa 206 14 value value NN work_i5jewootsnhvrcvfsugrmdljaa 206 15 of of IN work_i5jewootsnhvrcvfsugrmdljaa 206 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 206 17 unknown unknown JJ work_i5jewootsnhvrcvfsugrmdljaa 206 18 Q. q. NN work_i5jewootsnhvrcvfsugrmdljaa 207 1 Knowing know VBG work_i5jewootsnhvrcvfsugrmdljaa 207 2 the the DT work_i5jewootsnhvrcvfsugrmdljaa 207 3 prior prior JJ work_i5jewootsnhvrcvfsugrmdljaa 207 4 mean mean NN work_i5jewootsnhvrcvfsugrmdljaa 207 5 of of IN work_i5jewootsnhvrcvfsugrmdljaa 207 6 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 207 7 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 207 8 clearly clearly RB work_i5jewootsnhvrcvfsugrmdljaa 207 9 inferior inferior JJ work_i5jewootsnhvrcvfsugrmdljaa 207 10 to to IN work_i5jewootsnhvrcvfsugrmdljaa 207 11 knowing know VBG work_i5jewootsnhvrcvfsugrmdljaa 207 12 the the DT work_i5jewootsnhvrcvfsugrmdljaa 207 13 true true JJ work_i5jewootsnhvrcvfsugrmdljaa 207 14 Q. q. NN work_i5jewootsnhvrcvfsugrmdljaa 208 1 It -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 208 2 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 208 3 then then RB work_i5jewootsnhvrcvfsugrmdljaa 208 4 assumed assume VBN work_i5jewootsnhvrcvfsugrmdljaa 208 5 there there EX work_i5jewootsnhvrcvfsugrmdljaa 208 6 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 208 7 a a DT work_i5jewootsnhvrcvfsugrmdljaa 208 8 continuum continuum NN work_i5jewootsnhvrcvfsugrmdljaa 208 9 of of IN work_i5jewootsnhvrcvfsugrmdljaa 208 10 agents agent NNS work_i5jewootsnhvrcvfsugrmdljaa 208 11 on on IN work_i5jewootsnhvrcvfsugrmdljaa 208 12 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 208 13 0 0 CD work_i5jewootsnhvrcvfsugrmdljaa 208 14 , , , work_i5jewootsnhvrcvfsugrmdljaa 208 15 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 208 16 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 208 17 with with IN work_i5jewootsnhvrcvfsugrmdljaa 208 18 x x NNS work_i5jewootsnhvrcvfsugrmdljaa 208 19 i i NNP work_i5jewootsnhvrcvfsugrmdljaa 208 20 ' ' `` work_i5jewootsnhvrcvfsugrmdljaa 208 21 Q%εi Q%εi NNS work_i5jewootsnhvrcvfsugrmdljaa 208 22 and and CC work_i5jewootsnhvrcvfsugrmdljaa 208 23 with with IN work_i5jewootsnhvrcvfsugrmdljaa 208 24 i.i.d i.i.d NN work_i5jewootsnhvrcvfsugrmdljaa 208 25 . . . work_i5jewootsnhvrcvfsugrmdljaa 209 1 Hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 209 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 209 3 if if IN work_i5jewootsnhvrcvfsugrmdljaa 209 4 you -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 209 5 knew know VBD work_i5jewootsnhvrcvfsugrmdljaa 209 6 all all DT work_i5jewootsnhvrcvfsugrmdljaa 209 7 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 209 8 signals signal NNS work_i5jewootsnhvrcvfsugrmdljaa 209 9 you -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 209 10 would would MD work_i5jewootsnhvrcvfsugrmdljaa 209 11 use use VB work_i5jewootsnhvrcvfsugrmdljaa 209 12 the the DT work_i5jewootsnhvrcvfsugrmdljaa 209 13 law law NN work_i5jewootsnhvrcvfsugrmdljaa 209 14 of of IN work_i5jewootsnhvrcvfsugrmdljaa 209 15 large large JJ work_i5jewootsnhvrcvfsugrmdljaa 209 16 numbers number NNS work_i5jewootsnhvrcvfsugrmdljaa 209 17 toεi toεi NN work_i5jewootsnhvrcvfsugrmdljaa 209 18 aggregate aggregate VBP work_i5jewootsnhvrcvfsugrmdljaa 209 19 them -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 209 20 and and CC work_i5jewootsnhvrcvfsugrmdljaa 209 21 learn learn VB work_i5jewootsnhvrcvfsugrmdljaa 209 22 the the DT work_i5jewootsnhvrcvfsugrmdljaa 209 23 true true JJ work_i5jewootsnhvrcvfsugrmdljaa 209 24 Q. q. NN work_i5jewootsnhvrcvfsugrmdljaa 210 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 210 2 an an DT work_i5jewootsnhvrcvfsugrmdljaa 210 3 REE ree NN work_i5jewootsnhvrcvfsugrmdljaa 210 4 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 210 5 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 210 6 assumed assume VBN work_i5jewootsnhvrcvfsugrmdljaa 210 7 there there EX work_i5jewootsnhvrcvfsugrmdljaa 210 8 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 210 9 some some DT work_i5jewootsnhvrcvfsugrmdljaa 210 10 agent agent NN work_i5jewootsnhvrcvfsugrmdljaa 210 11 who who WP work_i5jewootsnhvrcvfsugrmdljaa 210 12 aggregates aggregate VBZ work_i5jewootsnhvrcvfsugrmdljaa 210 13 the the DT work_i5jewootsnhvrcvfsugrmdljaa 210 14 12 12 CD work_i5jewootsnhvrcvfsugrmdljaa 210 15 information information NN work_i5jewootsnhvrcvfsugrmdljaa 210 16 and and CC work_i5jewootsnhvrcvfsugrmdljaa 210 17 hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 210 18 equilibrium equilibrium NN work_i5jewootsnhvrcvfsugrmdljaa 210 19 price price NN work_i5jewootsnhvrcvfsugrmdljaa 210 20 becomes become VBZ work_i5jewootsnhvrcvfsugrmdljaa 210 21 a a DT work_i5jewootsnhvrcvfsugrmdljaa 210 22 function function NN work_i5jewootsnhvrcvfsugrmdljaa 210 23 of of IN work_i5jewootsnhvrcvfsugrmdljaa 210 24 the the DT work_i5jewootsnhvrcvfsugrmdljaa 210 25 true true JJ work_i5jewootsnhvrcvfsugrmdljaa 210 26 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 210 27 , , , work_i5jewootsnhvrcvfsugrmdljaa 210 28 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 210 29 nobody nobody NN work_i5jewootsnhvrcvfsugrmdljaa 210 30 knows know VBZ work_i5jewootsnhvrcvfsugrmdljaa 210 31 . . . work_i5jewootsnhvrcvfsugrmdljaa 211 1 But but CC work_i5jewootsnhvrcvfsugrmdljaa 211 2 this this DT work_i5jewootsnhvrcvfsugrmdljaa 211 3 procedure procedure NN work_i5jewootsnhvrcvfsugrmdljaa 211 4 raises raise VBZ work_i5jewootsnhvrcvfsugrmdljaa 211 5 two two CD work_i5jewootsnhvrcvfsugrmdljaa 211 6 questions question NNS work_i5jewootsnhvrcvfsugrmdljaa 211 7 . . . work_i5jewootsnhvrcvfsugrmdljaa 212 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 212 2 a a LS work_i5jewootsnhvrcvfsugrmdljaa 212 3 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 212 4 Why why WRB work_i5jewootsnhvrcvfsugrmdljaa 212 5 do do VBP work_i5jewootsnhvrcvfsugrmdljaa 212 6 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 212 7 signals signal NNS work_i5jewootsnhvrcvfsugrmdljaa 212 8 contain contain VB work_i5jewootsnhvrcvfsugrmdljaa 212 9 more more RBR work_i5jewootsnhvrcvfsugrmdljaa 212 10 precise precise JJ work_i5jewootsnhvrcvfsugrmdljaa 212 11 information information NN work_i5jewootsnhvrcvfsugrmdljaa 212 12 than than IN work_i5jewootsnhvrcvfsugrmdljaa 212 13 the the DT work_i5jewootsnhvrcvfsugrmdljaa 212 14 professionally professionally RB work_i5jewootsnhvrcvfsugrmdljaa 212 15 audited audit VBN work_i5jewootsnhvrcvfsugrmdljaa 212 16 statements statement NNS work_i5jewootsnhvrcvfsugrmdljaa 212 17 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 213 1 Does do VBZ work_i5jewootsnhvrcvfsugrmdljaa 213 2 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 213 3 make make VB work_i5jewootsnhvrcvfsugrmdljaa 213 4 sense sense NN work_i5jewootsnhvrcvfsugrmdljaa 213 5 to to TO work_i5jewootsnhvrcvfsugrmdljaa 213 6 postulate postulate VB work_i5jewootsnhvrcvfsugrmdljaa 213 7 that that IN work_i5jewootsnhvrcvfsugrmdljaa 213 8 audited audited JJ work_i5jewootsnhvrcvfsugrmdljaa 213 9 statements statement NNS work_i5jewootsnhvrcvfsugrmdljaa 213 10 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 213 11 less less RBR work_i5jewootsnhvrcvfsugrmdljaa 213 12 reliable reliable JJ work_i5jewootsnhvrcvfsugrmdljaa 213 13 than than IN work_i5jewootsnhvrcvfsugrmdljaa 213 14 the the DT work_i5jewootsnhvrcvfsugrmdljaa 213 15 sum sum NN work_i5jewootsnhvrcvfsugrmdljaa 213 16 of of IN work_i5jewootsnhvrcvfsugrmdljaa 213 17 all all PDT work_i5jewootsnhvrcvfsugrmdljaa 213 18 the the DT work_i5jewootsnhvrcvfsugrmdljaa 213 19 fragmentary fragmentary JJ work_i5jewootsnhvrcvfsugrmdljaa 213 20 signals signal NNS work_i5jewootsnhvrcvfsugrmdljaa 213 21 that that IN work_i5jewootsnhvrcvfsugrmdljaa 213 22 individuals individual NNS work_i5jewootsnhvrcvfsugrmdljaa 213 23 obtain obtain VBP work_i5jewootsnhvrcvfsugrmdljaa 213 24 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 214 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 214 2 b b LS work_i5jewootsnhvrcvfsugrmdljaa 214 3 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 214 4 Who who WP work_i5jewootsnhvrcvfsugrmdljaa 214 5 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 214 6 doing do VBG work_i5jewootsnhvrcvfsugrmdljaa 214 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 214 8 aggregation aggregation NN work_i5jewootsnhvrcvfsugrmdljaa 214 9 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 215 1 How how WRB work_i5jewootsnhvrcvfsugrmdljaa 215 2 does do VBZ work_i5jewootsnhvrcvfsugrmdljaa 215 3 he -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 215 4 know know VB work_i5jewootsnhvrcvfsugrmdljaa 215 5 the the DT work_i5jewootsnhvrcvfsugrmdljaa 215 6 i.i.d i.i.d NN work_i5jewootsnhvrcvfsugrmdljaa 215 7 . . . work_i5jewootsnhvrcvfsugrmdljaa 216 1 structure structure NN work_i5jewootsnhvrcvfsugrmdljaa 216 2 needed need VBD work_i5jewootsnhvrcvfsugrmdljaa 216 3 to to TO work_i5jewootsnhvrcvfsugrmdljaa 216 4 arrive arrive VB work_i5jewootsnhvrcvfsugrmdljaa 216 5 at at IN work_i5jewootsnhvrcvfsugrmdljaa 216 6 an an DT work_i5jewootsnhvrcvfsugrmdljaa 216 7 aggregation aggregation NN work_i5jewootsnhvrcvfsugrmdljaa 216 8 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 217 1 What what WP work_i5jewootsnhvrcvfsugrmdljaa 217 2 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 217 3 the the DT work_i5jewootsnhvrcvfsugrmdljaa 217 4 incentives incentive NNS work_i5jewootsnhvrcvfsugrmdljaa 217 5 of of IN work_i5jewootsnhvrcvfsugrmdljaa 217 6 this this DT work_i5jewootsnhvrcvfsugrmdljaa 217 7 aggregating aggregate VBG work_i5jewootsnhvrcvfsugrmdljaa 217 8 agent agent NN work_i5jewootsnhvrcvfsugrmdljaa 217 9 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 218 1 If if IN work_i5jewootsnhvrcvfsugrmdljaa 218 2 he -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 218 3 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 218 4 a a DT work_i5jewootsnhvrcvfsugrmdljaa 218 5 neutral neutral JJ work_i5jewootsnhvrcvfsugrmdljaa 218 6 agent agent NN work_i5jewootsnhvrcvfsugrmdljaa 218 7 with with IN work_i5jewootsnhvrcvfsugrmdljaa 218 8 a a DT work_i5jewootsnhvrcvfsugrmdljaa 218 9 duty duty NN work_i5jewootsnhvrcvfsugrmdljaa 218 10 not not RB work_i5jewootsnhvrcvfsugrmdljaa 218 11 to to TO work_i5jewootsnhvrcvfsugrmdljaa 218 12 exploit exploit VB work_i5jewootsnhvrcvfsugrmdljaa 218 13 the the DT work_i5jewootsnhvrcvfsugrmdljaa 218 14 public public NN work_i5jewootsnhvrcvfsugrmdljaa 218 15 , , , work_i5jewootsnhvrcvfsugrmdljaa 218 16 why why WRB work_i5jewootsnhvrcvfsugrmdljaa 218 17 does do VBZ work_i5jewootsnhvrcvfsugrmdljaa 218 18 he -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 218 19 not not RB work_i5jewootsnhvrcvfsugrmdljaa 218 20 simply simply RB work_i5jewootsnhvrcvfsugrmdljaa 218 21 announce announce VB work_i5jewootsnhvrcvfsugrmdljaa 218 22 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 218 23 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 219 1 Or or CC work_i5jewootsnhvrcvfsugrmdljaa 219 2 else else RB work_i5jewootsnhvrcvfsugrmdljaa 219 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 219 4 he -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 219 5 must must MD work_i5jewootsnhvrcvfsugrmdljaa 219 6 be be VB work_i5jewootsnhvrcvfsugrmdljaa 219 7 part part NN work_i5jewootsnhvrcvfsugrmdljaa 219 8 of of IN work_i5jewootsnhvrcvfsugrmdljaa 219 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 219 10 model model NN work_i5jewootsnhvrcvfsugrmdljaa 219 11 . . . work_i5jewootsnhvrcvfsugrmdljaa 220 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 220 2 vi vi NNP work_i5jewootsnhvrcvfsugrmdljaa 220 3 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 220 4 With with IN work_i5jewootsnhvrcvfsugrmdljaa 220 5 asymmetric asymmetric JJ work_i5jewootsnhvrcvfsugrmdljaa 220 6 information information NN work_i5jewootsnhvrcvfsugrmdljaa 220 7 you -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 220 8 can can MD work_i5jewootsnhvrcvfsugrmdljaa 220 9 prove prove VB work_i5jewootsnhvrcvfsugrmdljaa 220 10 anything anything NN work_i5jewootsnhvrcvfsugrmdljaa 220 11 . . . work_i5jewootsnhvrcvfsugrmdljaa 221 1 A a DT work_i5jewootsnhvrcvfsugrmdljaa 221 2 typical typical JJ work_i5jewootsnhvrcvfsugrmdljaa 221 3 model model NN work_i5jewootsnhvrcvfsugrmdljaa 221 4 with with IN work_i5jewootsnhvrcvfsugrmdljaa 221 5 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 221 6 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 221 7 based base VBN work_i5jewootsnhvrcvfsugrmdljaa 221 8 on on IN work_i5jewootsnhvrcvfsugrmdljaa 221 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 221 10 fact fact NN work_i5jewootsnhvrcvfsugrmdljaa 221 11 that that IN work_i5jewootsnhvrcvfsugrmdljaa 221 12 crucial crucial JJ work_i5jewootsnhvrcvfsugrmdljaa 221 13 components component NNS work_i5jewootsnhvrcvfsugrmdljaa 221 14 of of IN work_i5jewootsnhvrcvfsugrmdljaa 221 15 the the DT work_i5jewootsnhvrcvfsugrmdljaa 221 16 theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 221 17 can can MD work_i5jewootsnhvrcvfsugrmdljaa 221 18 never never RB work_i5jewootsnhvrcvfsugrmdljaa 221 19 be be VB work_i5jewootsnhvrcvfsugrmdljaa 221 20 observable observable JJ work_i5jewootsnhvrcvfsugrmdljaa 221 21 . . . work_i5jewootsnhvrcvfsugrmdljaa 222 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 222 2 shall shall MD work_i5jewootsnhvrcvfsugrmdljaa 222 3 never never RB work_i5jewootsnhvrcvfsugrmdljaa 222 4 observe observe VB work_i5jewootsnhvrcvfsugrmdljaa 222 5 the the DT work_i5jewootsnhvrcvfsugrmdljaa 222 6 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 222 7 signals signal NNS work_i5jewootsnhvrcvfsugrmdljaa 222 8 agents agent NNS work_i5jewootsnhvrcvfsugrmdljaa 222 9 had have VBD work_i5jewootsnhvrcvfsugrmdljaa 222 10 about about IN work_i5jewootsnhvrcvfsugrmdljaa 222 11 GNP GNP NNP work_i5jewootsnhvrcvfsugrmdljaa 222 12 growth growth NN work_i5jewootsnhvrcvfsugrmdljaa 222 13 or or CC work_i5jewootsnhvrcvfsugrmdljaa 222 14 about about IN work_i5jewootsnhvrcvfsugrmdljaa 222 15 future future JJ work_i5jewootsnhvrcvfsugrmdljaa 222 16 value value NN work_i5jewootsnhvrcvfsugrmdljaa 222 17 of of IN work_i5jewootsnhvrcvfsugrmdljaa 222 18 the the DT work_i5jewootsnhvrcvfsugrmdljaa 222 19 S&P500 s&p500 CD work_i5jewootsnhvrcvfsugrmdljaa 222 20 . . . work_i5jewootsnhvrcvfsugrmdljaa 223 1 This this DT work_i5jewootsnhvrcvfsugrmdljaa 223 2 lack lack NN work_i5jewootsnhvrcvfsugrmdljaa 223 3 of of IN work_i5jewootsnhvrcvfsugrmdljaa 223 4 observability observability NN work_i5jewootsnhvrcvfsugrmdljaa 223 5 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 223 6 contrasted contrast VBN work_i5jewootsnhvrcvfsugrmdljaa 223 7 with with IN work_i5jewootsnhvrcvfsugrmdljaa 223 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 223 9 case case NN work_i5jewootsnhvrcvfsugrmdljaa 223 10 of of IN work_i5jewootsnhvrcvfsugrmdljaa 223 11 insurance insurance NN work_i5jewootsnhvrcvfsugrmdljaa 223 12 markets market NNS work_i5jewootsnhvrcvfsugrmdljaa 223 13 where where WRB work_i5jewootsnhvrcvfsugrmdljaa 223 14 driving driving NN work_i5jewootsnhvrcvfsugrmdljaa 223 15 records record NNS work_i5jewootsnhvrcvfsugrmdljaa 223 16 or or CC work_i5jewootsnhvrcvfsugrmdljaa 223 17 health health NN work_i5jewootsnhvrcvfsugrmdljaa 223 18 records record NNS work_i5jewootsnhvrcvfsugrmdljaa 223 19 can can MD work_i5jewootsnhvrcvfsugrmdljaa 223 20 confirm confirm VB work_i5jewootsnhvrcvfsugrmdljaa 223 21 the the DT work_i5jewootsnhvrcvfsugrmdljaa 223 22 assumption assumption NN work_i5jewootsnhvrcvfsugrmdljaa 223 23 that that IN work_i5jewootsnhvrcvfsugrmdljaa 223 24 agents agent NNS work_i5jewootsnhvrcvfsugrmdljaa 223 25 have have VBP work_i5jewootsnhvrcvfsugrmdljaa 223 26 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 223 27 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 223 28 , , , work_i5jewootsnhvrcvfsugrmdljaa 223 29 ex ex NNP work_i5jewootsnhvrcvfsugrmdljaa 223 30 ante ante NNP work_i5jewootsnhvrcvfsugrmdljaa 223 31 , , , work_i5jewootsnhvrcvfsugrmdljaa 223 32 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 223 33 not not RB work_i5jewootsnhvrcvfsugrmdljaa 223 34 available available JJ work_i5jewootsnhvrcvfsugrmdljaa 223 35 to to IN work_i5jewootsnhvrcvfsugrmdljaa 223 36 firms firm NNS work_i5jewootsnhvrcvfsugrmdljaa 223 37 in in IN work_i5jewootsnhvrcvfsugrmdljaa 223 38 the the DT work_i5jewootsnhvrcvfsugrmdljaa 223 39 insurance insurance NN work_i5jewootsnhvrcvfsugrmdljaa 223 40 market market NN work_i5jewootsnhvrcvfsugrmdljaa 223 41 . . . work_i5jewootsnhvrcvfsugrmdljaa 224 1 But but CC work_i5jewootsnhvrcvfsugrmdljaa 224 2 if if IN work_i5jewootsnhvrcvfsugrmdljaa 224 3 there there EX work_i5jewootsnhvrcvfsugrmdljaa 224 4 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 224 5 no no DT work_i5jewootsnhvrcvfsugrmdljaa 224 6 way way NN work_i5jewootsnhvrcvfsugrmdljaa 224 7 to to TO work_i5jewootsnhvrcvfsugrmdljaa 224 8 ever ever RB work_i5jewootsnhvrcvfsugrmdljaa 224 9 obtain obtain VB work_i5jewootsnhvrcvfsugrmdljaa 224 10 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 224 11 on on IN work_i5jewootsnhvrcvfsugrmdljaa 224 12 the the DT work_i5jewootsnhvrcvfsugrmdljaa 224 13 crucial crucial JJ work_i5jewootsnhvrcvfsugrmdljaa 224 14 component component NN work_i5jewootsnhvrcvfsugrmdljaa 224 15 of of IN work_i5jewootsnhvrcvfsugrmdljaa 224 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 224 17 theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 224 18 , , , work_i5jewootsnhvrcvfsugrmdljaa 224 19 the the DT work_i5jewootsnhvrcvfsugrmdljaa 224 20 theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 224 21 can can MD work_i5jewootsnhvrcvfsugrmdljaa 224 22 not not RB work_i5jewootsnhvrcvfsugrmdljaa 224 23 be be VB work_i5jewootsnhvrcvfsugrmdljaa 224 24 falsified falsify VBN work_i5jewootsnhvrcvfsugrmdljaa 224 25 : : : work_i5jewootsnhvrcvfsugrmdljaa 224 26 for for IN work_i5jewootsnhvrcvfsugrmdljaa 224 27 any any DT work_i5jewootsnhvrcvfsugrmdljaa 224 28 hypothesis hypothesis NN work_i5jewootsnhvrcvfsugrmdljaa 224 29 about about IN work_i5jewootsnhvrcvfsugrmdljaa 224 30 market market NN work_i5jewootsnhvrcvfsugrmdljaa 224 31 behavior behavior NN work_i5jewootsnhvrcvfsugrmdljaa 224 32 one one PRP work_i5jewootsnhvrcvfsugrmdljaa 224 33 can can MD work_i5jewootsnhvrcvfsugrmdljaa 224 34 find find VB work_i5jewootsnhvrcvfsugrmdljaa 224 35 a a DT work_i5jewootsnhvrcvfsugrmdljaa 224 36 pattern pattern NN work_i5jewootsnhvrcvfsugrmdljaa 224 37 of of IN work_i5jewootsnhvrcvfsugrmdljaa 224 38 PI pi NN work_i5jewootsnhvrcvfsugrmdljaa 224 39 that that WDT work_i5jewootsnhvrcvfsugrmdljaa 224 40 would would MD work_i5jewootsnhvrcvfsugrmdljaa 224 41 induce induce VB work_i5jewootsnhvrcvfsugrmdljaa 224 42 that that DT work_i5jewootsnhvrcvfsugrmdljaa 224 43 behavior behavior NN work_i5jewootsnhvrcvfsugrmdljaa 224 44 as as IN work_i5jewootsnhvrcvfsugrmdljaa 224 45 an an DT work_i5jewootsnhvrcvfsugrmdljaa 224 46 equilibrium equilibrium NN work_i5jewootsnhvrcvfsugrmdljaa 224 47 behavior behavior NN work_i5jewootsnhvrcvfsugrmdljaa 224 48 . . . work_i5jewootsnhvrcvfsugrmdljaa 225 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 225 2 theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 225 3 has have VBZ work_i5jewootsnhvrcvfsugrmdljaa 225 4 no no DT work_i5jewootsnhvrcvfsugrmdljaa 225 5 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 225 6 restrictions restriction NNS work_i5jewootsnhvrcvfsugrmdljaa 225 7 and and CC work_i5jewootsnhvrcvfsugrmdljaa 225 8 without without IN work_i5jewootsnhvrcvfsugrmdljaa 225 9 restrictions restriction NNS work_i5jewootsnhvrcvfsugrmdljaa 225 10 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 225 11 has have VBZ work_i5jewootsnhvrcvfsugrmdljaa 225 12 no no DT work_i5jewootsnhvrcvfsugrmdljaa 225 13 scientific scientific JJ work_i5jewootsnhvrcvfsugrmdljaa 225 14 content content NN work_i5jewootsnhvrcvfsugrmdljaa 225 15 . . . work_i5jewootsnhvrcvfsugrmdljaa 226 1 3 3 LS work_i5jewootsnhvrcvfsugrmdljaa 226 2 . . . work_i5jewootsnhvrcvfsugrmdljaa 227 1 Modeling model VBG work_i5jewootsnhvrcvfsugrmdljaa 227 2 Asset asset NN work_i5jewootsnhvrcvfsugrmdljaa 227 3 Pricing pricing NN work_i5jewootsnhvrcvfsugrmdljaa 227 4 Under under IN work_i5jewootsnhvrcvfsugrmdljaa 227 5 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 227 6 with with IN work_i5jewootsnhvrcvfsugrmdljaa 227 7 Public public JJ work_i5jewootsnhvrcvfsugrmdljaa 227 8 Information Information NNP work_i5jewootsnhvrcvfsugrmdljaa 227 9 Only only RB work_i5jewootsnhvrcvfsugrmdljaa 227 10 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 227 11 now now RB work_i5jewootsnhvrcvfsugrmdljaa 227 12 turn turn VBP work_i5jewootsnhvrcvfsugrmdljaa 227 13 to to IN work_i5jewootsnhvrcvfsugrmdljaa 227 14 the the DT work_i5jewootsnhvrcvfsugrmdljaa 227 15 alternative alternative JJ work_i5jewootsnhvrcvfsugrmdljaa 227 16 paradigm paradigm NN work_i5jewootsnhvrcvfsugrmdljaa 227 17 of of IN work_i5jewootsnhvrcvfsugrmdljaa 227 18 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 227 19 instead instead RB work_i5jewootsnhvrcvfsugrmdljaa 227 20 of of IN work_i5jewootsnhvrcvfsugrmdljaa 227 21 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 227 22 information information NN work_i5jewootsnhvrcvfsugrmdljaa 227 23 . . . work_i5jewootsnhvrcvfsugrmdljaa 228 1 What what WP work_i5jewootsnhvrcvfsugrmdljaa 228 2 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 228 3 the the DT work_i5jewootsnhvrcvfsugrmdljaa 228 4 differences difference NNS work_i5jewootsnhvrcvfsugrmdljaa 228 5 between between IN work_i5jewootsnhvrcvfsugrmdljaa 228 6 these these DT work_i5jewootsnhvrcvfsugrmdljaa 228 7 two two CD work_i5jewootsnhvrcvfsugrmdljaa 228 8 theories theory NNS work_i5jewootsnhvrcvfsugrmdljaa 228 9 and and CC work_i5jewootsnhvrcvfsugrmdljaa 228 10 do do VB work_i5jewootsnhvrcvfsugrmdljaa 228 11 these these DT work_i5jewootsnhvrcvfsugrmdljaa 228 12 differences difference NNS work_i5jewootsnhvrcvfsugrmdljaa 228 13 matter matter VB work_i5jewootsnhvrcvfsugrmdljaa 228 14 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 229 1 3.1 3.1 CD work_i5jewootsnhvrcvfsugrmdljaa 229 2 Adaptation adaptation NN work_i5jewootsnhvrcvfsugrmdljaa 229 3 of of IN work_i5jewootsnhvrcvfsugrmdljaa 229 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 229 5 Earlier early JJR work_i5jewootsnhvrcvfsugrmdljaa 229 6 Model Model NNP work_i5jewootsnhvrcvfsugrmdljaa 229 7 To to TO work_i5jewootsnhvrcvfsugrmdljaa 229 8 adapt adapt VB work_i5jewootsnhvrcvfsugrmdljaa 229 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 229 10 model model NN work_i5jewootsnhvrcvfsugrmdljaa 229 11 of of IN work_i5jewootsnhvrcvfsugrmdljaa 229 12 Section section NN work_i5jewootsnhvrcvfsugrmdljaa 229 13 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 229 14 with with IN work_i5jewootsnhvrcvfsugrmdljaa 229 15 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 229 16 to to IN work_i5jewootsnhvrcvfsugrmdljaa 229 17 a a DT work_i5jewootsnhvrcvfsugrmdljaa 229 18 market market NN work_i5jewootsnhvrcvfsugrmdljaa 229 19 with with IN work_i5jewootsnhvrcvfsugrmdljaa 229 20 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 229 21 and and CC work_i5jewootsnhvrcvfsugrmdljaa 229 22 only only RB work_i5jewootsnhvrcvfsugrmdljaa 229 23 public public JJ work_i5jewootsnhvrcvfsugrmdljaa 229 24 information information NN work_i5jewootsnhvrcvfsugrmdljaa 229 25 , , , work_i5jewootsnhvrcvfsugrmdljaa 229 26 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 229 27 clearly clearly RB work_i5jewootsnhvrcvfsugrmdljaa 229 28 reject reject VBP work_i5jewootsnhvrcvfsugrmdljaa 229 29 the the DT work_i5jewootsnhvrcvfsugrmdljaa 229 30 common common JJ work_i5jewootsnhvrcvfsugrmdljaa 229 31 knowledge knowledge NN work_i5jewootsnhvrcvfsugrmdljaa 229 32 assumptions assumption NNS work_i5jewootsnhvrcvfsugrmdljaa 229 33 made make VBN work_i5jewootsnhvrcvfsugrmdljaa 229 34 . . . work_i5jewootsnhvrcvfsugrmdljaa 230 1 But but CC work_i5jewootsnhvrcvfsugrmdljaa 230 2 then then RB work_i5jewootsnhvrcvfsugrmdljaa 230 3 what what WP work_i5jewootsnhvrcvfsugrmdljaa 230 4 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 230 5 common common JJ work_i5jewootsnhvrcvfsugrmdljaa 230 6 knowledge knowledge NN work_i5jewootsnhvrcvfsugrmdljaa 230 7 among among IN work_i5jewootsnhvrcvfsugrmdljaa 230 8 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 230 9 with with IN work_i5jewootsnhvrcvfsugrmdljaa 230 10 diverse diverse JJ work_i5jewootsnhvrcvfsugrmdljaa 230 11 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 230 12 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 231 1 Our -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 231 2 unequivocal unequivocal JJ work_i5jewootsnhvrcvfsugrmdljaa 231 3 answer answer NN work_i5jewootsnhvrcvfsugrmdljaa 231 4 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 231 5 past past JJ work_i5jewootsnhvrcvfsugrmdljaa 231 6 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 231 7 on on IN work_i5jewootsnhvrcvfsugrmdljaa 231 8 observable observable JJ work_i5jewootsnhvrcvfsugrmdljaa 231 9 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 231 10 . . . work_i5jewootsnhvrcvfsugrmdljaa 232 1 Traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 232 2 know know VBP work_i5jewootsnhvrcvfsugrmdljaa 232 3 they -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 232 4 all all DT work_i5jewootsnhvrcvfsugrmdljaa 232 5 observe observe VBP work_i5jewootsnhvrcvfsugrmdljaa 232 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 232 7 same same JJ work_i5jewootsnhvrcvfsugrmdljaa 232 8 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 232 9 . . . work_i5jewootsnhvrcvfsugrmdljaa 233 1 They -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 233 2 have have VBP work_i5jewootsnhvrcvfsugrmdljaa 233 3 diverse diverse JJ work_i5jewootsnhvrcvfsugrmdljaa 233 4 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 233 5 about about IN work_i5jewootsnhvrcvfsugrmdljaa 233 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 233 7 future future NN work_i5jewootsnhvrcvfsugrmdljaa 233 8 because because IN work_i5jewootsnhvrcvfsugrmdljaa 233 9 they -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 233 10 have have VBP work_i5jewootsnhvrcvfsugrmdljaa 233 11 diverse diverse JJ work_i5jewootsnhvrcvfsugrmdljaa 233 12 interpretations interpretation NNS work_i5jewootsnhvrcvfsugrmdljaa 233 13 of of IN work_i5jewootsnhvrcvfsugrmdljaa 233 14 past past JJ work_i5jewootsnhvrcvfsugrmdljaa 233 15 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 233 16 . . . work_i5jewootsnhvrcvfsugrmdljaa 234 1 Hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 234 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 234 3 a a DT work_i5jewootsnhvrcvfsugrmdljaa 234 4 mechanical mechanical JJ work_i5jewootsnhvrcvfsugrmdljaa 234 5 adaptation adaptation NN work_i5jewootsnhvrcvfsugrmdljaa 234 6 of of IN work_i5jewootsnhvrcvfsugrmdljaa 234 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 234 8 two- two- JJ work_i5jewootsnhvrcvfsugrmdljaa 234 9 period period NN work_i5jewootsnhvrcvfsugrmdljaa 234 10 economy economy NN work_i5jewootsnhvrcvfsugrmdljaa 234 11 in in IN work_i5jewootsnhvrcvfsugrmdljaa 234 12 Section Section NNP work_i5jewootsnhvrcvfsugrmdljaa 234 13 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 234 14 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 234 15 not not RB work_i5jewootsnhvrcvfsugrmdljaa 234 16 suitable suitable JJ work_i5jewootsnhvrcvfsugrmdljaa 234 17 for for IN work_i5jewootsnhvrcvfsugrmdljaa 234 18 an an DT work_i5jewootsnhvrcvfsugrmdljaa 234 19 economy economy NN work_i5jewootsnhvrcvfsugrmdljaa 234 20 with with IN work_i5jewootsnhvrcvfsugrmdljaa 234 21 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 234 22 . . . work_i5jewootsnhvrcvfsugrmdljaa 235 1 A a DT work_i5jewootsnhvrcvfsugrmdljaa 235 2 meaningful meaningful JJ work_i5jewootsnhvrcvfsugrmdljaa 235 3 model model NN work_i5jewootsnhvrcvfsugrmdljaa 235 4 with with IN work_i5jewootsnhvrcvfsugrmdljaa 235 5 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 235 6 must must MD work_i5jewootsnhvrcvfsugrmdljaa 235 7 be be VB work_i5jewootsnhvrcvfsugrmdljaa 235 8 anchored anchor VBN work_i5jewootsnhvrcvfsugrmdljaa 235 9 in in IN work_i5jewootsnhvrcvfsugrmdljaa 235 10 13 13 CD work_i5jewootsnhvrcvfsugrmdljaa 235 11 real real JJ work_i5jewootsnhvrcvfsugrmdljaa 235 12 time time NN work_i5jewootsnhvrcvfsugrmdljaa 235 13 with with IN work_i5jewootsnhvrcvfsugrmdljaa 235 14 past past JJ work_i5jewootsnhvrcvfsugrmdljaa 235 15 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 235 16 available available JJ work_i5jewootsnhvrcvfsugrmdljaa 235 17 at at IN work_i5jewootsnhvrcvfsugrmdljaa 235 18 each each DT work_i5jewootsnhvrcvfsugrmdljaa 235 19 date date NN work_i5jewootsnhvrcvfsugrmdljaa 235 20 . . . work_i5jewootsnhvrcvfsugrmdljaa 236 1 To to TO work_i5jewootsnhvrcvfsugrmdljaa 236 2 permit permit VB work_i5jewootsnhvrcvfsugrmdljaa 236 3 a a DT work_i5jewootsnhvrcvfsugrmdljaa 236 4 comparison comparison NN work_i5jewootsnhvrcvfsugrmdljaa 236 5 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 236 6 thus thus RB work_i5jewootsnhvrcvfsugrmdljaa 236 7 adapt adapt VBP work_i5jewootsnhvrcvfsugrmdljaa 236 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 236 9 earlier early JJR work_i5jewootsnhvrcvfsugrmdljaa 236 10 model model NN work_i5jewootsnhvrcvfsugrmdljaa 236 11 by by IN work_i5jewootsnhvrcvfsugrmdljaa 236 12 preserving preserve VBG work_i5jewootsnhvrcvfsugrmdljaa 236 13 its -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 236 14 key key JJ work_i5jewootsnhvrcvfsugrmdljaa 236 15 assumptions assumption NNS work_i5jewootsnhvrcvfsugrmdljaa 236 16 . . . work_i5jewootsnhvrcvfsugrmdljaa 237 1 Apart apart RB work_i5jewootsnhvrcvfsugrmdljaa 237 2 from from IN work_i5jewootsnhvrcvfsugrmdljaa 237 3 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 237 4 information information NN work_i5jewootsnhvrcvfsugrmdljaa 237 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 237 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 237 7 key key JJ work_i5jewootsnhvrcvfsugrmdljaa 237 8 assumptions assumption NNS work_i5jewootsnhvrcvfsugrmdljaa 237 9 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 237 10 : : : work_i5jewootsnhvrcvfsugrmdljaa 237 11 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 237 12 i i NN work_i5jewootsnhvrcvfsugrmdljaa 237 13 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 237 14 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 237 15 live live VBP work_i5jewootsnhvrcvfsugrmdljaa 237 16 finite finite JJ work_i5jewootsnhvrcvfsugrmdljaa 237 17 life life NN work_i5jewootsnhvrcvfsugrmdljaa 237 18 and and CC work_i5jewootsnhvrcvfsugrmdljaa 237 19 derive derive VB work_i5jewootsnhvrcvfsugrmdljaa 237 20 utility utility NN work_i5jewootsnhvrcvfsugrmdljaa 237 21 from from IN work_i5jewootsnhvrcvfsugrmdljaa 237 22 the the DT work_i5jewootsnhvrcvfsugrmdljaa 237 23 terminal terminal JJ work_i5jewootsnhvrcvfsugrmdljaa 237 24 value value NN work_i5jewootsnhvrcvfsugrmdljaa 237 25 of of IN work_i5jewootsnhvrcvfsugrmdljaa 237 26 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 237 27 net net JJ work_i5jewootsnhvrcvfsugrmdljaa 237 28 wealth wealth NN work_i5jewootsnhvrcvfsugrmdljaa 237 29 ; ; : work_i5jewootsnhvrcvfsugrmdljaa 237 30 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 237 31 ii ii NN work_i5jewootsnhvrcvfsugrmdljaa 237 32 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 237 33 at at IN work_i5jewootsnhvrcvfsugrmdljaa 237 34 date date NN work_i5jewootsnhvrcvfsugrmdljaa 237 35 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 237 36 agents agent NNS work_i5jewootsnhvrcvfsugrmdljaa 237 37 can can MD work_i5jewootsnhvrcvfsugrmdljaa 237 38 not not RB work_i5jewootsnhvrcvfsugrmdljaa 237 39 trade trade VB work_i5jewootsnhvrcvfsugrmdljaa 237 40 futures future NNS work_i5jewootsnhvrcvfsugrmdljaa 237 41 contracts contract NNS work_i5jewootsnhvrcvfsugrmdljaa 237 42 for for IN work_i5jewootsnhvrcvfsugrmdljaa 237 43 delivery delivery NN work_i5jewootsnhvrcvfsugrmdljaa 237 44 of of IN work_i5jewootsnhvrcvfsugrmdljaa 237 45 the the DT work_i5jewootsnhvrcvfsugrmdljaa 237 46 stock stock NN work_i5jewootsnhvrcvfsugrmdljaa 237 47 at at IN work_i5jewootsnhvrcvfsugrmdljaa 237 48 date date NN work_i5jewootsnhvrcvfsugrmdljaa 237 49 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 237 50 ; ; : work_i5jewootsnhvrcvfsugrmdljaa 237 51 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 237 52 iii iii NNP work_i5jewootsnhvrcvfsugrmdljaa 237 53 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 237 54 at at IN work_i5jewootsnhvrcvfsugrmdljaa 237 55 date date NN work_i5jewootsnhvrcvfsugrmdljaa 237 56 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 237 57 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 237 58 must must MD work_i5jewootsnhvrcvfsugrmdljaa 237 59 form form VB work_i5jewootsnhvrcvfsugrmdljaa 237 60 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 237 61 about about IN work_i5jewootsnhvrcvfsugrmdljaa 237 62 the the DT work_i5jewootsnhvrcvfsugrmdljaa 237 63 price price NN work_i5jewootsnhvrcvfsugrmdljaa 237 64 at at IN work_i5jewootsnhvrcvfsugrmdljaa 237 65 date date NN work_i5jewootsnhvrcvfsugrmdljaa 237 66 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 237 67 and and CC work_i5jewootsnhvrcvfsugrmdljaa 237 68 the the DT work_i5jewootsnhvrcvfsugrmdljaa 237 69 true true JJ work_i5jewootsnhvrcvfsugrmdljaa 237 70 liquidation liquidation NN work_i5jewootsnhvrcvfsugrmdljaa 237 71 value value NN work_i5jewootsnhvrcvfsugrmdljaa 237 72 . . . work_i5jewootsnhvrcvfsugrmdljaa 238 1 This this DT work_i5jewootsnhvrcvfsugrmdljaa 238 2 changed change VBN work_i5jewootsnhvrcvfsugrmdljaa 238 3 notation notation NN work_i5jewootsnhvrcvfsugrmdljaa 238 4 will will MD work_i5jewootsnhvrcvfsugrmdljaa 238 5 be be VB work_i5jewootsnhvrcvfsugrmdljaa 238 6 clarified clarify VBN work_i5jewootsnhvrcvfsugrmdljaa 238 7 later later RB work_i5jewootsnhvrcvfsugrmdljaa 238 8 . . . work_i5jewootsnhvrcvfsugrmdljaa 238 9 Q̂ q̂ LS work_i5jewootsnhvrcvfsugrmdljaa 238 10 Our -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 238 11 adaptation adaptation NN work_i5jewootsnhvrcvfsugrmdljaa 238 12 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 238 13 then then RB work_i5jewootsnhvrcvfsugrmdljaa 238 14 based base VBN work_i5jewootsnhvrcvfsugrmdljaa 238 15 on on IN work_i5jewootsnhvrcvfsugrmdljaa 238 16 two two CD work_i5jewootsnhvrcvfsugrmdljaa 238 17 principles principle NNS work_i5jewootsnhvrcvfsugrmdljaa 238 18 . . . work_i5jewootsnhvrcvfsugrmdljaa 239 1 First first RB work_i5jewootsnhvrcvfsugrmdljaa 239 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 239 3 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 239 4 maintain maintain VBP work_i5jewootsnhvrcvfsugrmdljaa 239 5 the the DT work_i5jewootsnhvrcvfsugrmdljaa 239 6 above above JJ work_i5jewootsnhvrcvfsugrmdljaa 239 7 assumptions assumption NNS work_i5jewootsnhvrcvfsugrmdljaa 239 8 . . . work_i5jewootsnhvrcvfsugrmdljaa 240 1 Second second JJ work_i5jewootsnhvrcvfsugrmdljaa 240 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 240 3 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 240 4 require require VBP work_i5jewootsnhvrcvfsugrmdljaa 240 5 that that IN work_i5jewootsnhvrcvfsugrmdljaa 240 6 our -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 240 7 model model NN work_i5jewootsnhvrcvfsugrmdljaa 240 8 generates generate VBZ work_i5jewootsnhvrcvfsugrmdljaa 240 9 exactly exactly RB work_i5jewootsnhvrcvfsugrmdljaa 240 10 the the DT work_i5jewootsnhvrcvfsugrmdljaa 240 11 same same JJ work_i5jewootsnhvrcvfsugrmdljaa 240 12 demand demand NN work_i5jewootsnhvrcvfsugrmdljaa 240 13 functions function NNS work_i5jewootsnhvrcvfsugrmdljaa 240 14 as as IN work_i5jewootsnhvrcvfsugrmdljaa 240 15 the the DT work_i5jewootsnhvrcvfsugrmdljaa 240 16 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 240 17 model model NN work_i5jewootsnhvrcvfsugrmdljaa 240 18 in in IN work_i5jewootsnhvrcvfsugrmdljaa 240 19 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 240 20 2a 2a CD work_i5jewootsnhvrcvfsugrmdljaa 240 21 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 240 22 -(2b -(2b NFP work_i5jewootsnhvrcvfsugrmdljaa 240 23 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 240 24 so so RB work_i5jewootsnhvrcvfsugrmdljaa 240 25 the the DT work_i5jewootsnhvrcvfsugrmdljaa 240 26 comparison comparison NN work_i5jewootsnhvrcvfsugrmdljaa 240 27 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 240 28 reduced reduce VBN work_i5jewootsnhvrcvfsugrmdljaa 240 29 to to IN work_i5jewootsnhvrcvfsugrmdljaa 240 30 differences difference NNS work_i5jewootsnhvrcvfsugrmdljaa 240 31 between between IN work_i5jewootsnhvrcvfsugrmdljaa 240 32 the the DT work_i5jewootsnhvrcvfsugrmdljaa 240 33 implied imply VBN work_i5jewootsnhvrcvfsugrmdljaa 240 34 probabilities probability NNS work_i5jewootsnhvrcvfsugrmdljaa 240 35 used use VBN work_i5jewootsnhvrcvfsugrmdljaa 240 36 . . . work_i5jewootsnhvrcvfsugrmdljaa 241 1 Since since IN work_i5jewootsnhvrcvfsugrmdljaa 241 2 under under IN work_i5jewootsnhvrcvfsugrmdljaa 241 3 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 241 4 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 241 5 need need VBP work_i5jewootsnhvrcvfsugrmdljaa 241 6 price price NN work_i5jewootsnhvrcvfsugrmdljaa 241 7 history history NN work_i5jewootsnhvrcvfsugrmdljaa 241 8 to to TO work_i5jewootsnhvrcvfsugrmdljaa 241 9 form form VB work_i5jewootsnhvrcvfsugrmdljaa 241 10 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 241 11 , , , work_i5jewootsnhvrcvfsugrmdljaa 241 12 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 241 13 assume assume VBP work_i5jewootsnhvrcvfsugrmdljaa 241 14 trading trading NN work_i5jewootsnhvrcvfsugrmdljaa 241 15 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 241 16 carried carry VBN work_i5jewootsnhvrcvfsugrmdljaa 241 17 out out RP work_i5jewootsnhvrcvfsugrmdljaa 241 18 by by IN work_i5jewootsnhvrcvfsugrmdljaa 241 19 generations generation NNS work_i5jewootsnhvrcvfsugrmdljaa 241 20 of of IN work_i5jewootsnhvrcvfsugrmdljaa 241 21 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 241 22 , , , work_i5jewootsnhvrcvfsugrmdljaa 241 23 each each DT work_i5jewootsnhvrcvfsugrmdljaa 241 24 of of IN work_i5jewootsnhvrcvfsugrmdljaa 241 25 whom whom WP work_i5jewootsnhvrcvfsugrmdljaa 241 26 trades trade VBZ work_i5jewootsnhvrcvfsugrmdljaa 241 27 for for IN work_i5jewootsnhvrcvfsugrmdljaa 241 28 two two CD work_i5jewootsnhvrcvfsugrmdljaa 241 29 periods period NNS work_i5jewootsnhvrcvfsugrmdljaa 241 30 . . . work_i5jewootsnhvrcvfsugrmdljaa 242 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 242 2 our -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 242 3 setting set VBG work_i5jewootsnhvrcvfsugrmdljaa 242 4 a a DT work_i5jewootsnhvrcvfsugrmdljaa 242 5 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 242 6 who who WP work_i5jewootsnhvrcvfsugrmdljaa 242 7 starts start VBZ work_i5jewootsnhvrcvfsugrmdljaa 242 8 trading trade VBG work_i5jewootsnhvrcvfsugrmdljaa 242 9 at at IN work_i5jewootsnhvrcvfsugrmdljaa 242 10 date date NN work_i5jewootsnhvrcvfsugrmdljaa 242 11 t t NN work_i5jewootsnhvrcvfsugrmdljaa 242 12 trades trade NNS work_i5jewootsnhvrcvfsugrmdljaa 242 13 again again RB work_i5jewootsnhvrcvfsugrmdljaa 242 14 at at IN work_i5jewootsnhvrcvfsugrmdljaa 242 15 date date NN work_i5jewootsnhvrcvfsugrmdljaa 242 16 t t NN work_i5jewootsnhvrcvfsugrmdljaa 242 17 +1 +1 NNS work_i5jewootsnhvrcvfsugrmdljaa 242 18 and and CC work_i5jewootsnhvrcvfsugrmdljaa 242 19 retires retire NNS work_i5jewootsnhvrcvfsugrmdljaa 242 20 at at IN work_i5jewootsnhvrcvfsugrmdljaa 242 21 the the DT work_i5jewootsnhvrcvfsugrmdljaa 242 22 end end NN work_i5jewootsnhvrcvfsugrmdljaa 242 23 of of IN work_i5jewootsnhvrcvfsugrmdljaa 242 24 t+1 t+1 NN work_i5jewootsnhvrcvfsugrmdljaa 242 25 , , , work_i5jewootsnhvrcvfsugrmdljaa 242 26 after after IN work_i5jewootsnhvrcvfsugrmdljaa 242 27 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 242 28 revealed reveal VBN work_i5jewootsnhvrcvfsugrmdljaa 242 29 and and CC work_i5jewootsnhvrcvfsugrmdljaa 242 30 the the DT work_i5jewootsnhvrcvfsugrmdljaa 242 31 value value NN work_i5jewootsnhvrcvfsugrmdljaa 242 32 of of IN work_i5jewootsnhvrcvfsugrmdljaa 242 33 his -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 242 34 holdings holding NNS work_i5jewootsnhvrcvfsugrmdljaa 242 35 isQ̂t%1 isQ̂t%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 242 36 set set VBD work_i5jewootsnhvrcvfsugrmdljaa 242 37 . . . work_i5jewootsnhvrcvfsugrmdljaa 243 1 At at IN work_i5jewootsnhvrcvfsugrmdljaa 243 2 retirement retirement NN work_i5jewootsnhvrcvfsugrmdljaa 243 3 he -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 243 4 exchanges exchange VBZ work_i5jewootsnhvrcvfsugrmdljaa 243 5 his -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 243 6 stock stock NN work_i5jewootsnhvrcvfsugrmdljaa 243 7 for for IN work_i5jewootsnhvrcvfsugrmdljaa 243 8 consumption consumption NN work_i5jewootsnhvrcvfsugrmdljaa 243 9 goods good NNS work_i5jewootsnhvrcvfsugrmdljaa 243 10 . . . work_i5jewootsnhvrcvfsugrmdljaa 244 1 Hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 244 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 244 3 at at IN work_i5jewootsnhvrcvfsugrmdljaa 244 4 each each DT work_i5jewootsnhvrcvfsugrmdljaa 244 5 t t NN work_i5jewootsnhvrcvfsugrmdljaa 244 6 there there EX work_i5jewootsnhvrcvfsugrmdljaa 244 7 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 244 8 two two CD work_i5jewootsnhvrcvfsugrmdljaa 244 9 types type NNS work_i5jewootsnhvrcvfsugrmdljaa 244 10 of of IN work_i5jewootsnhvrcvfsugrmdljaa 244 11 overlapping overlap VBG work_i5jewootsnhvrcvfsugrmdljaa 244 12 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 244 13 : : : work_i5jewootsnhvrcvfsugrmdljaa 244 14 one one CD work_i5jewootsnhvrcvfsugrmdljaa 244 15 group group NN work_i5jewootsnhvrcvfsugrmdljaa 244 16 whose whose WP$ work_i5jewootsnhvrcvfsugrmdljaa 244 17 trading trading NN work_i5jewootsnhvrcvfsugrmdljaa 244 18 career career NN work_i5jewootsnhvrcvfsugrmdljaa 244 19 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 244 20 launched launch VBN work_i5jewootsnhvrcvfsugrmdljaa 244 21 at at IN work_i5jewootsnhvrcvfsugrmdljaa 244 22 t-1 t-1 NNP work_i5jewootsnhvrcvfsugrmdljaa 244 23 and and CC work_i5jewootsnhvrcvfsugrmdljaa 244 24 who who WP work_i5jewootsnhvrcvfsugrmdljaa 244 25 retire retire VBP work_i5jewootsnhvrcvfsugrmdljaa 244 26 at at IN work_i5jewootsnhvrcvfsugrmdljaa 244 27 the the DT work_i5jewootsnhvrcvfsugrmdljaa 244 28 end end NN work_i5jewootsnhvrcvfsugrmdljaa 244 29 of of IN work_i5jewootsnhvrcvfsugrmdljaa 244 30 trading trading NN work_i5jewootsnhvrcvfsugrmdljaa 244 31 at at IN work_i5jewootsnhvrcvfsugrmdljaa 244 32 t t NN work_i5jewootsnhvrcvfsugrmdljaa 244 33 , , , work_i5jewootsnhvrcvfsugrmdljaa 244 34 and and CC work_i5jewootsnhvrcvfsugrmdljaa 244 35 a a DT work_i5jewootsnhvrcvfsugrmdljaa 244 36 second second JJ work_i5jewootsnhvrcvfsugrmdljaa 244 37 group group NN work_i5jewootsnhvrcvfsugrmdljaa 244 38 launched launch VBD work_i5jewootsnhvrcvfsugrmdljaa 244 39 at at IN work_i5jewootsnhvrcvfsugrmdljaa 244 40 date date NN work_i5jewootsnhvrcvfsugrmdljaa 244 41 t t NN work_i5jewootsnhvrcvfsugrmdljaa 244 42 , , , work_i5jewootsnhvrcvfsugrmdljaa 244 43 and and CC work_i5jewootsnhvrcvfsugrmdljaa 244 44 who who WP work_i5jewootsnhvrcvfsugrmdljaa 244 45 retires retire VBZ work_i5jewootsnhvrcvfsugrmdljaa 244 46 at at IN work_i5jewootsnhvrcvfsugrmdljaa 244 47 t+1 t+1 NN work_i5jewootsnhvrcvfsugrmdljaa 244 48 . . . work_i5jewootsnhvrcvfsugrmdljaa 245 1 Our -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 245 2 economy economy NN work_i5jewootsnhvrcvfsugrmdljaa 245 3 consists consist VBZ work_i5jewootsnhvrcvfsugrmdljaa 245 4 of of IN work_i5jewootsnhvrcvfsugrmdljaa 245 5 a a DT work_i5jewootsnhvrcvfsugrmdljaa 245 6 continuum continuum NN work_i5jewootsnhvrcvfsugrmdljaa 245 7 of of IN work_i5jewootsnhvrcvfsugrmdljaa 245 8 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 245 9 of of IN work_i5jewootsnhvrcvfsugrmdljaa 245 10 each each DT work_i5jewootsnhvrcvfsugrmdljaa 245 11 type type NN work_i5jewootsnhvrcvfsugrmdljaa 245 12 . . . work_i5jewootsnhvrcvfsugrmdljaa 246 1 As as IN work_i5jewootsnhvrcvfsugrmdljaa 246 2 was be VBD work_i5jewootsnhvrcvfsugrmdljaa 246 3 the the DT work_i5jewootsnhvrcvfsugrmdljaa 246 4 case case NN work_i5jewootsnhvrcvfsugrmdljaa 246 5 in in IN work_i5jewootsnhvrcvfsugrmdljaa 246 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 246 7 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 246 8 model model NN work_i5jewootsnhvrcvfsugrmdljaa 246 9 , , , work_i5jewootsnhvrcvfsugrmdljaa 246 10 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 246 11 do do VBP work_i5jewootsnhvrcvfsugrmdljaa 246 12 not not RB work_i5jewootsnhvrcvfsugrmdljaa 246 13 explicitly explicitly RB work_i5jewootsnhvrcvfsugrmdljaa 246 14 model model VB work_i5jewootsnhvrcvfsugrmdljaa 246 15 the the DT work_i5jewootsnhvrcvfsugrmdljaa 246 16 entire entire JJ work_i5jewootsnhvrcvfsugrmdljaa 246 17 economy economy NN work_i5jewootsnhvrcvfsugrmdljaa 246 18 with with IN work_i5jewootsnhvrcvfsugrmdljaa 246 19 consumption consumption NN work_i5jewootsnhvrcvfsugrmdljaa 246 20 , , , work_i5jewootsnhvrcvfsugrmdljaa 246 21 investment investment NN work_i5jewootsnhvrcvfsugrmdljaa 246 22 , , , work_i5jewootsnhvrcvfsugrmdljaa 246 23 and and CC work_i5jewootsnhvrcvfsugrmdljaa 246 24 production production NN work_i5jewootsnhvrcvfsugrmdljaa 246 25 . . . work_i5jewootsnhvrcvfsugrmdljaa 247 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 247 2 real real JJ work_i5jewootsnhvrcvfsugrmdljaa 247 3 economy economy NN work_i5jewootsnhvrcvfsugrmdljaa 247 4 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 247 5 the the DT work_i5jewootsnhvrcvfsugrmdljaa 247 6 background background NN work_i5jewootsnhvrcvfsugrmdljaa 247 7 and and CC work_i5jewootsnhvrcvfsugrmdljaa 247 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 247 9 model model NN work_i5jewootsnhvrcvfsugrmdljaa 247 10 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 247 11 used use VBN work_i5jewootsnhvrcvfsugrmdljaa 247 12 to to TO work_i5jewootsnhvrcvfsugrmdljaa 247 13 study study VB work_i5jewootsnhvrcvfsugrmdljaa 247 14 the the DT work_i5jewootsnhvrcvfsugrmdljaa 247 15 behavior behavior NN work_i5jewootsnhvrcvfsugrmdljaa 247 16 of of IN work_i5jewootsnhvrcvfsugrmdljaa 247 17 risk risk NN work_i5jewootsnhvrcvfsugrmdljaa 247 18 taking take VBG work_i5jewootsnhvrcvfsugrmdljaa 247 19 investors investor NNS work_i5jewootsnhvrcvfsugrmdljaa 247 20 who who WP work_i5jewootsnhvrcvfsugrmdljaa 247 21 use use VBP work_i5jewootsnhvrcvfsugrmdljaa 247 22 financial financial JJ work_i5jewootsnhvrcvfsugrmdljaa 247 23 markets market NNS work_i5jewootsnhvrcvfsugrmdljaa 247 24 to to TO work_i5jewootsnhvrcvfsugrmdljaa 247 25 trade trade VB work_i5jewootsnhvrcvfsugrmdljaa 247 26 risk risk NN work_i5jewootsnhvrcvfsugrmdljaa 247 27 . . . work_i5jewootsnhvrcvfsugrmdljaa 248 1 As as IN work_i5jewootsnhvrcvfsugrmdljaa 248 2 in in IN work_i5jewootsnhvrcvfsugrmdljaa 248 3 the the DT work_i5jewootsnhvrcvfsugrmdljaa 248 4 PI pi NN work_i5jewootsnhvrcvfsugrmdljaa 248 5 model model NN work_i5jewootsnhvrcvfsugrmdljaa 248 6 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 248 7 assume assume VBP work_i5jewootsnhvrcvfsugrmdljaa 248 8 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 248 9 utility utility NN work_i5jewootsnhvrcvfsugrmdljaa 248 10 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 248 11 defined define VBN work_i5jewootsnhvrcvfsugrmdljaa 248 12 only only RB work_i5jewootsnhvrcvfsugrmdljaa 248 13 over over IN work_i5jewootsnhvrcvfsugrmdljaa 248 14 gains gain NNS work_i5jewootsnhvrcvfsugrmdljaa 248 15 from from IN work_i5jewootsnhvrcvfsugrmdljaa 248 16 trading trading NN work_i5jewootsnhvrcvfsugrmdljaa 248 17 risk risk NN work_i5jewootsnhvrcvfsugrmdljaa 248 18 hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 248 19 comparison comparison NN work_i5jewootsnhvrcvfsugrmdljaa 248 20 of of IN work_i5jewootsnhvrcvfsugrmdljaa 248 21 asset asset NN work_i5jewootsnhvrcvfsugrmdljaa 248 22 returns return NNS work_i5jewootsnhvrcvfsugrmdljaa 248 23 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 248 24 a a DT work_i5jewootsnhvrcvfsugrmdljaa 248 25 comparison comparison NN work_i5jewootsnhvrcvfsugrmdljaa 248 26 of of IN work_i5jewootsnhvrcvfsugrmdljaa 248 27 risk risk NN work_i5jewootsnhvrcvfsugrmdljaa 248 28 premia premia NN work_i5jewootsnhvrcvfsugrmdljaa 248 29 in in IN work_i5jewootsnhvrcvfsugrmdljaa 248 30 an an DT work_i5jewootsnhvrcvfsugrmdljaa 248 31 economy economy NN work_i5jewootsnhvrcvfsugrmdljaa 248 32 under under IN work_i5jewootsnhvrcvfsugrmdljaa 248 33 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 248 34 vs vs IN work_i5jewootsnhvrcvfsugrmdljaa 248 35 risk risk NN work_i5jewootsnhvrcvfsugrmdljaa 248 36 premia premia NN work_i5jewootsnhvrcvfsugrmdljaa 248 37 under under IN work_i5jewootsnhvrcvfsugrmdljaa 248 38 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 248 39 . . . work_i5jewootsnhvrcvfsugrmdljaa 249 1 With with IN work_i5jewootsnhvrcvfsugrmdljaa 249 2 a a DT work_i5jewootsnhvrcvfsugrmdljaa 249 3 real real JJ work_i5jewootsnhvrcvfsugrmdljaa 249 4 economy economy NN work_i5jewootsnhvrcvfsugrmdljaa 249 5 in in IN work_i5jewootsnhvrcvfsugrmdljaa 249 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 249 7 background background NN work_i5jewootsnhvrcvfsugrmdljaa 249 8 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 249 9 follow follow VBP work_i5jewootsnhvrcvfsugrmdljaa 249 10 the the DT work_i5jewootsnhvrcvfsugrmdljaa 249 11 PI pi NN work_i5jewootsnhvrcvfsugrmdljaa 249 12 literature literature NN work_i5jewootsnhvrcvfsugrmdljaa 249 13 and and CC work_i5jewootsnhvrcvfsugrmdljaa 249 14 assume assume VB work_i5jewootsnhvrcvfsugrmdljaa 249 15 a a DT work_i5jewootsnhvrcvfsugrmdljaa 249 16 constant constant JJ work_i5jewootsnhvrcvfsugrmdljaa 249 17 riskless riskless JJ work_i5jewootsnhvrcvfsugrmdljaa 249 18 interest interest NN work_i5jewootsnhvrcvfsugrmdljaa 249 19 rate rate NN work_i5jewootsnhvrcvfsugrmdljaa 249 20 and and CC work_i5jewootsnhvrcvfsugrmdljaa 249 21 without without IN work_i5jewootsnhvrcvfsugrmdljaa 249 22 loss loss NN work_i5jewootsnhvrcvfsugrmdljaa 249 23 of of IN work_i5jewootsnhvrcvfsugrmdljaa 249 24 generality generality NN work_i5jewootsnhvrcvfsugrmdljaa 249 25 let let VB work_i5jewootsnhvrcvfsugrmdljaa 249 26 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 249 27 be be VB work_i5jewootsnhvrcvfsugrmdljaa 249 28 zero zero CD work_i5jewootsnhvrcvfsugrmdljaa 249 29 . . . work_i5jewootsnhvrcvfsugrmdljaa 250 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 250 2 traded trade VBN work_i5jewootsnhvrcvfsugrmdljaa 250 3 stock stock NN work_i5jewootsnhvrcvfsugrmdljaa 250 4 reflects reflect VBZ work_i5jewootsnhvrcvfsugrmdljaa 250 5 an an DT work_i5jewootsnhvrcvfsugrmdljaa 250 6 aggregate aggregate JJ work_i5jewootsnhvrcvfsugrmdljaa 250 7 collection collection NN work_i5jewootsnhvrcvfsugrmdljaa 250 8 of of IN work_i5jewootsnhvrcvfsugrmdljaa 250 9 assets asset NNS work_i5jewootsnhvrcvfsugrmdljaa 250 10 kept keep VBN work_i5jewootsnhvrcvfsugrmdljaa 250 11 in in IN work_i5jewootsnhvrcvfsugrmdljaa 250 12 the the DT work_i5jewootsnhvrcvfsugrmdljaa 250 13 background background NN work_i5jewootsnhvrcvfsugrmdljaa 250 14 about about IN work_i5jewootsnhvrcvfsugrmdljaa 250 15 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 250 16 true true JJ work_i5jewootsnhvrcvfsugrmdljaa 250 17 audited audited JJ work_i5jewootsnhvrcvfsugrmdljaa 250 18 information information NN work_i5jewootsnhvrcvfsugrmdljaa 250 19 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 250 20 revealed reveal VBN work_i5jewootsnhvrcvfsugrmdljaa 250 21 at at IN work_i5jewootsnhvrcvfsugrmdljaa 250 22 the the DT work_i5jewootsnhvrcvfsugrmdljaa 250 23 end end NN work_i5jewootsnhvrcvfsugrmdljaa 250 24 of of IN work_i5jewootsnhvrcvfsugrmdljaa 250 25 each each DT work_i5jewootsnhvrcvfsugrmdljaa 250 26 date date NN work_i5jewootsnhvrcvfsugrmdljaa 250 27 . . . work_i5jewootsnhvrcvfsugrmdljaa 251 1 These these DT work_i5jewootsnhvrcvfsugrmdljaa 251 2 valuations valuation NNS work_i5jewootsnhvrcvfsugrmdljaa 251 3 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 251 4 then then RB work_i5jewootsnhvrcvfsugrmdljaa 251 5 used use VBN work_i5jewootsnhvrcvfsugrmdljaa 251 6 to to TO work_i5jewootsnhvrcvfsugrmdljaa 251 7 compensate compensate VB work_i5jewootsnhvrcvfsugrmdljaa 251 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 251 9 retiring retire VBG work_i5jewootsnhvrcvfsugrmdljaa 251 10 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 251 11 for for IN work_i5jewootsnhvrcvfsugrmdljaa 251 12 risk risk NN work_i5jewootsnhvrcvfsugrmdljaa 251 13 taking taking NN work_i5jewootsnhvrcvfsugrmdljaa 251 14 . . . work_i5jewootsnhvrcvfsugrmdljaa 252 1 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 252 2 the the DT work_i5jewootsnhvrcvfsugrmdljaa 252 3 value value NN work_i5jewootsnhvrcvfsugrmdljaa 252 4 revealed reveal VBN work_i5jewootsnhvrcvfsugrmdljaa 252 5 at at IN work_i5jewootsnhvrcvfsugrmdljaa 252 6 date date NN work_i5jewootsnhvrcvfsugrmdljaa 252 7 t t NN work_i5jewootsnhvrcvfsugrmdljaa 252 8 and and CC work_i5jewootsnhvrcvfsugrmdljaa 252 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 252 10 long long JJ work_i5jewootsnhvrcvfsugrmdljaa 252 11 history history NN work_i5jewootsnhvrcvfsugrmdljaa 252 12 of of IN work_i5jewootsnhvrcvfsugrmdljaa 252 13 for for IN work_i5jewootsnhvrcvfsugrmdljaa 252 14 k k NN work_i5jewootsnhvrcvfsugrmdljaa 252 15 = = SYM work_i5jewootsnhvrcvfsugrmdljaa 252 16 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 252 17 , , , work_i5jewootsnhvrcvfsugrmdljaa 252 18 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 252 19 , , , work_i5jewootsnhvrcvfsugrmdljaa 252 20 ... ... NFP work_i5jewootsnhvrcvfsugrmdljaa 252 21 , , , work_i5jewootsnhvrcvfsugrmdljaa 252 22 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 252 23 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 252 24 known know VBN work_i5jewootsnhvrcvfsugrmdljaa 252 25 atQ̂t atq̂t NN work_i5jewootsnhvrcvfsugrmdljaa 252 26 Q̂k Q̂k NNP work_i5jewootsnhvrcvfsugrmdljaa 252 27 date date NN work_i5jewootsnhvrcvfsugrmdljaa 252 28 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 252 29 hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 252 30 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 252 31 use use VBP work_i5jewootsnhvrcvfsugrmdljaa 252 32 past past JJ work_i5jewootsnhvrcvfsugrmdljaa 252 33 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 252 34 to to TO work_i5jewootsnhvrcvfsugrmdljaa 252 35 compute compute VB work_i5jewootsnhvrcvfsugrmdljaa 252 36 the the DT work_i5jewootsnhvrcvfsugrmdljaa 252 37 finite finite JJ work_i5jewootsnhvrcvfsugrmdljaa 252 38 dimensional dimensional JJ work_i5jewootsnhvrcvfsugrmdljaa 252 39 distributions distribution NNS work_i5jewootsnhvrcvfsugrmdljaa 252 40 of of IN work_i5jewootsnhvrcvfsugrmdljaa 252 41 the the DT work_i5jewootsnhvrcvfsugrmdljaa 252 42 observations observation NNS work_i5jewootsnhvrcvfsugrmdljaa 252 43 . . . work_i5jewootsnhvrcvfsugrmdljaa 253 1 Clearly clearly RB work_i5jewootsnhvrcvfsugrmdljaa 253 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 253 3 all all DT work_i5jewootsnhvrcvfsugrmdljaa 253 4 compute compute VB work_i5jewootsnhvrcvfsugrmdljaa 253 5 the the DT work_i5jewootsnhvrcvfsugrmdljaa 253 6 same same JJ work_i5jewootsnhvrcvfsugrmdljaa 253 7 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 253 8 moments moment NNS work_i5jewootsnhvrcvfsugrmdljaa 253 9 . . . work_i5jewootsnhvrcvfsugrmdljaa 254 1 Using use VBG work_i5jewootsnhvrcvfsugrmdljaa 254 2 standard standard JJ work_i5jewootsnhvrcvfsugrmdljaa 254 3 extension extension NN work_i5jewootsnhvrcvfsugrmdljaa 254 4 of of IN work_i5jewootsnhvrcvfsugrmdljaa 254 5 measures measure NNS work_i5jewootsnhvrcvfsugrmdljaa 254 6 they -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 254 7 all all DT work_i5jewootsnhvrcvfsugrmdljaa 254 8 deduce deduce VBP work_i5jewootsnhvrcvfsugrmdljaa 254 9 from from IN work_i5jewootsnhvrcvfsugrmdljaa 254 10 the the DT work_i5jewootsnhvrcvfsugrmdljaa 254 11 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 254 12 a a DT work_i5jewootsnhvrcvfsugrmdljaa 254 13 unique unique JJ work_i5jewootsnhvrcvfsugrmdljaa 254 14 probability probability NN work_i5jewootsnhvrcvfsugrmdljaa 254 15 measure measure NN work_i5jewootsnhvrcvfsugrmdljaa 254 16 on on IN work_i5jewootsnhvrcvfsugrmdljaa 254 17 infinite infinite JJ work_i5jewootsnhvrcvfsugrmdljaa 254 18 sequences sequence NNS work_i5jewootsnhvrcvfsugrmdljaa 254 19 denoted denote VBN work_i5jewootsnhvrcvfsugrmdljaa 254 20 by by IN work_i5jewootsnhvrcvfsugrmdljaa 254 21 m. m. NN work_i5jewootsnhvrcvfsugrmdljaa 254 22 It -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 254 23 can can MD work_i5jewootsnhvrcvfsugrmdljaa 254 24 be be VB work_i5jewootsnhvrcvfsugrmdljaa 254 25 shown show VBN work_i5jewootsnhvrcvfsugrmdljaa 254 26 that that IN work_i5jewootsnhvrcvfsugrmdljaa 254 27 m m NNP work_i5jewootsnhvrcvfsugrmdljaa 254 28 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 254 29 stationary stationary JJ work_i5jewootsnhvrcvfsugrmdljaa 254 30 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 254 31 see see VB work_i5jewootsnhvrcvfsugrmdljaa 254 32 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 254 33 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 254 34 1994 1994 CD work_i5jewootsnhvrcvfsugrmdljaa 254 35 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 254 36 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 254 37 and and CC work_i5jewootsnhvrcvfsugrmdljaa 254 38 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 254 39 call call VBP work_i5jewootsnhvrcvfsugrmdljaa 254 40 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 254 41 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 254 42 the the DT work_i5jewootsnhvrcvfsugrmdljaa 254 43 stationary stationary JJ work_i5jewootsnhvrcvfsugrmdljaa 254 44 measure measure NN work_i5jewootsnhvrcvfsugrmdljaa 254 45 . . . work_i5jewootsnhvrcvfsugrmdljaa 254 46 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 254 47 This this DT work_i5jewootsnhvrcvfsugrmdljaa 254 48 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 254 49 the the DT work_i5jewootsnhvrcvfsugrmdljaa 254 50 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 254 51 knowledge knowledge NN work_i5jewootsnhvrcvfsugrmdljaa 254 52 shared share VBN work_i5jewootsnhvrcvfsugrmdljaa 254 53 by by IN work_i5jewootsnhvrcvfsugrmdljaa 254 54 all all DT work_i5jewootsnhvrcvfsugrmdljaa 254 55 . . . work_i5jewootsnhvrcvfsugrmdljaa 255 1 To to TO work_i5jewootsnhvrcvfsugrmdljaa 255 2 conform conform VB work_i5jewootsnhvrcvfsugrmdljaa 255 3 to to IN work_i5jewootsnhvrcvfsugrmdljaa 255 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 255 5 earlier early JJR work_i5jewootsnhvrcvfsugrmdljaa 255 6 model model NN work_i5jewootsnhvrcvfsugrmdljaa 255 7 assume assume VBP work_i5jewootsnhvrcvfsugrmdljaa 255 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 255 9 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 255 10 reveals reveal VBZ work_i5jewootsnhvrcvfsugrmdljaa 255 11 the the DT work_i5jewootsnhvrcvfsugrmdljaa 255 12 areQ̂t areQ̂t NNP work_i5jewootsnhvrcvfsugrmdljaa 255 13 5 5 CD work_i5jewootsnhvrcvfsugrmdljaa 255 14 It -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 255 15 would would MD work_i5jewootsnhvrcvfsugrmdljaa 255 16 probably probably RB work_i5jewootsnhvrcvfsugrmdljaa 255 17 be be VB work_i5jewootsnhvrcvfsugrmdljaa 255 18 more more RBR work_i5jewootsnhvrcvfsugrmdljaa 255 19 realistic realistic JJ work_i5jewootsnhvrcvfsugrmdljaa 255 20 to to TO work_i5jewootsnhvrcvfsugrmdljaa 255 21 assume assume VB work_i5jewootsnhvrcvfsugrmdljaa 255 22 that that IN work_i5jewootsnhvrcvfsugrmdljaa 255 23 the the DT work_i5jewootsnhvrcvfsugrmdljaa 255 24 values value NNS work_i5jewootsnhvrcvfsugrmdljaa 255 25 Qt Qt NNP work_i5jewootsnhvrcvfsugrmdljaa 255 26 grow grow VB work_i5jewootsnhvrcvfsugrmdljaa 255 27 and and CC work_i5jewootsnhvrcvfsugrmdljaa 255 28 the the DT work_i5jewootsnhvrcvfsugrmdljaa 255 29 growth growth NN work_i5jewootsnhvrcvfsugrmdljaa 255 30 rate rate NN work_i5jewootsnhvrcvfsugrmdljaa 255 31 of of IN work_i5jewootsnhvrcvfsugrmdljaa 255 32 the the DT work_i5jewootsnhvrcvfsugrmdljaa 255 33 values value NNS work_i5jewootsnhvrcvfsugrmdljaa 255 34 has have VBZ work_i5jewootsnhvrcvfsugrmdljaa 255 35 a a DT work_i5jewootsnhvrcvfsugrmdljaa 255 36 mean mean NNP work_i5jewootsnhvrcvfsugrmdljaa 255 37 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 255 38 rather rather RB work_i5jewootsnhvrcvfsugrmdljaa 255 39 than than IN work_i5jewootsnhvrcvfsugrmdljaa 255 40 the the DT work_i5jewootsnhvrcvfsugrmdljaa 255 41 values value NNS work_i5jewootsnhvrcvfsugrmdljaa 255 42 themselves -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 255 43 . . . work_i5jewootsnhvrcvfsugrmdljaa 256 1 This this DT work_i5jewootsnhvrcvfsugrmdljaa 256 2 added add VBN work_i5jewootsnhvrcvfsugrmdljaa 256 3 realism realism NN work_i5jewootsnhvrcvfsugrmdljaa 256 4 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 256 5 useful useful JJ work_i5jewootsnhvrcvfsugrmdljaa 256 6 when when WRB work_i5jewootsnhvrcvfsugrmdljaa 256 7 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 256 8 motivate motivate VBP work_i5jewootsnhvrcvfsugrmdljaa 256 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 256 10 model model NN work_i5jewootsnhvrcvfsugrmdljaa 256 11 later later RB work_i5jewootsnhvrcvfsugrmdljaa 256 12 but but CC work_i5jewootsnhvrcvfsugrmdljaa 256 13 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 256 14 not not RB work_i5jewootsnhvrcvfsugrmdljaa 256 15 essential essential JJ work_i5jewootsnhvrcvfsugrmdljaa 256 16 for for IN work_i5jewootsnhvrcvfsugrmdljaa 256 17 the the DT work_i5jewootsnhvrcvfsugrmdljaa 256 18 analytic analytic JJ work_i5jewootsnhvrcvfsugrmdljaa 256 19 development development NN work_i5jewootsnhvrcvfsugrmdljaa 256 20 . . . work_i5jewootsnhvrcvfsugrmdljaa 257 1 6 6 CD work_i5jewootsnhvrcvfsugrmdljaa 257 2 Without without IN work_i5jewootsnhvrcvfsugrmdljaa 257 3 altering alter VBG work_i5jewootsnhvrcvfsugrmdljaa 257 4 any any DT work_i5jewootsnhvrcvfsugrmdljaa 257 5 of of IN work_i5jewootsnhvrcvfsugrmdljaa 257 6 our -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 257 7 results result NNS work_i5jewootsnhvrcvfsugrmdljaa 257 8 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 257 9 could could MD work_i5jewootsnhvrcvfsugrmdljaa 257 10 initiate initiate VB work_i5jewootsnhvrcvfsugrmdljaa 257 11 trading trading NN work_i5jewootsnhvrcvfsugrmdljaa 257 12 with with IN work_i5jewootsnhvrcvfsugrmdljaa 257 13 an an DT work_i5jewootsnhvrcvfsugrmdljaa 257 14 endowment endowment NN work_i5jewootsnhvrcvfsugrmdljaa 257 15 of of IN work_i5jewootsnhvrcvfsugrmdljaa 257 16 a a DT work_i5jewootsnhvrcvfsugrmdljaa 257 17 real real JJ work_i5jewootsnhvrcvfsugrmdljaa 257 18 commodity commodity NN work_i5jewootsnhvrcvfsugrmdljaa 257 19 as as IN work_i5jewootsnhvrcvfsugrmdljaa 257 20 in in IN work_i5jewootsnhvrcvfsugrmdljaa 257 21 ordinary ordinary JJ work_i5jewootsnhvrcvfsugrmdljaa 257 22 overlapping overlapping NN work_i5jewootsnhvrcvfsugrmdljaa 257 23 generation generation NN work_i5jewootsnhvrcvfsugrmdljaa 257 24 models model NNS work_i5jewootsnhvrcvfsugrmdljaa 257 25 . . . work_i5jewootsnhvrcvfsugrmdljaa 258 1 This this DT work_i5jewootsnhvrcvfsugrmdljaa 258 2 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 258 3 a a DT work_i5jewootsnhvrcvfsugrmdljaa 258 4 consequence consequence NN work_i5jewootsnhvrcvfsugrmdljaa 258 5 of of IN work_i5jewootsnhvrcvfsugrmdljaa 258 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 258 7 fact fact NN work_i5jewootsnhvrcvfsugrmdljaa 258 8 that that IN work_i5jewootsnhvrcvfsugrmdljaa 258 9 under under IN work_i5jewootsnhvrcvfsugrmdljaa 258 10 the the DT work_i5jewootsnhvrcvfsugrmdljaa 258 11 utility utility NN work_i5jewootsnhvrcvfsugrmdljaa 258 12 function function NN work_i5jewootsnhvrcvfsugrmdljaa 258 13 in in IN work_i5jewootsnhvrcvfsugrmdljaa 258 14 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 258 15 7 7 LS work_i5jewootsnhvrcvfsugrmdljaa 258 16 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 258 17 there there EX work_i5jewootsnhvrcvfsugrmdljaa 258 18 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 258 19 no no DT work_i5jewootsnhvrcvfsugrmdljaa 258 20 income income NN work_i5jewootsnhvrcvfsugrmdljaa 258 21 effects effect NNS work_i5jewootsnhvrcvfsugrmdljaa 258 22 . . . work_i5jewootsnhvrcvfsugrmdljaa 259 1 Had have VBD work_i5jewootsnhvrcvfsugrmdljaa 259 2 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 259 3 included include VBN work_i5jewootsnhvrcvfsugrmdljaa 259 4 such such JJ work_i5jewootsnhvrcvfsugrmdljaa 259 5 endowment endowment NN work_i5jewootsnhvrcvfsugrmdljaa 259 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 259 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 259 8 definition definition NN work_i5jewootsnhvrcvfsugrmdljaa 259 9 of of IN work_i5jewootsnhvrcvfsugrmdljaa 259 10 wealth wealth NN work_i5jewootsnhvrcvfsugrmdljaa 259 11 would would MD work_i5jewootsnhvrcvfsugrmdljaa 259 12 simply simply RB work_i5jewootsnhvrcvfsugrmdljaa 259 13 include include VB work_i5jewootsnhvrcvfsugrmdljaa 259 14 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 259 15 . . . work_i5jewootsnhvrcvfsugrmdljaa 260 1 7 7 CD work_i5jewootsnhvrcvfsugrmdljaa 260 2 Model Model NNP work_i5jewootsnhvrcvfsugrmdljaa 260 3 consistency consistency NN work_i5jewootsnhvrcvfsugrmdljaa 260 4 clearly clearly RB work_i5jewootsnhvrcvfsugrmdljaa 260 5 requires require VBZ work_i5jewootsnhvrcvfsugrmdljaa 260 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 260 7 sum sum NN work_i5jewootsnhvrcvfsugrmdljaa 260 8 of of IN work_i5jewootsnhvrcvfsugrmdljaa 260 9 shares share NNS work_i5jewootsnhvrcvfsugrmdljaa 260 10 surrendered surrender VBN work_i5jewootsnhvrcvfsugrmdljaa 260 11 by by IN work_i5jewootsnhvrcvfsugrmdljaa 260 12 date date NN work_i5jewootsnhvrcvfsugrmdljaa 260 13 t-1 t-1 NNP work_i5jewootsnhvrcvfsugrmdljaa 260 14 retiring retire VBG work_i5jewootsnhvrcvfsugrmdljaa 260 15 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 260 16 to to TO work_i5jewootsnhvrcvfsugrmdljaa 260 17 equal equal VB work_i5jewootsnhvrcvfsugrmdljaa 260 18 the the DT work_i5jewootsnhvrcvfsugrmdljaa 260 19 sum sum NN work_i5jewootsnhvrcvfsugrmdljaa 260 20 of of IN work_i5jewootsnhvrcvfsugrmdljaa 260 21 shares share NNS work_i5jewootsnhvrcvfsugrmdljaa 260 22 allotted allot VBN work_i5jewootsnhvrcvfsugrmdljaa 260 23 to to IN work_i5jewootsnhvrcvfsugrmdljaa 260 24 new new JJ work_i5jewootsnhvrcvfsugrmdljaa 260 25 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 260 26 at at IN work_i5jewootsnhvrcvfsugrmdljaa 260 27 date date NN work_i5jewootsnhvrcvfsugrmdljaa 260 28 t. t. NN work_i5jewootsnhvrcvfsugrmdljaa 260 29 This this DT work_i5jewootsnhvrcvfsugrmdljaa 260 30 assumption assumption NN work_i5jewootsnhvrcvfsugrmdljaa 260 31 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 260 32 inconsequential inconsequential JJ work_i5jewootsnhvrcvfsugrmdljaa 260 33 since since IN work_i5jewootsnhvrcvfsugrmdljaa 260 34 young young JJ work_i5jewootsnhvrcvfsugrmdljaa 260 35 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 260 36 take take VBP work_i5jewootsnhvrcvfsugrmdljaa 260 37 the the DT work_i5jewootsnhvrcvfsugrmdljaa 260 38 share share NN work_i5jewootsnhvrcvfsugrmdljaa 260 39 allotment allotment NN work_i5jewootsnhvrcvfsugrmdljaa 260 40 as as IN work_i5jewootsnhvrcvfsugrmdljaa 260 41 exogenous exogenous JJ work_i5jewootsnhvrcvfsugrmdljaa 260 42 and and CC work_i5jewootsnhvrcvfsugrmdljaa 260 43 with with IN work_i5jewootsnhvrcvfsugrmdljaa 260 44 free free JJ work_i5jewootsnhvrcvfsugrmdljaa 260 45 borrowing borrowing NN work_i5jewootsnhvrcvfsugrmdljaa 260 46 and and CC work_i5jewootsnhvrcvfsugrmdljaa 260 47 without without IN work_i5jewootsnhvrcvfsugrmdljaa 260 48 wealth wealth NN work_i5jewootsnhvrcvfsugrmdljaa 260 49 effects effect NNS work_i5jewootsnhvrcvfsugrmdljaa 260 50 the the DT work_i5jewootsnhvrcvfsugrmdljaa 260 51 rule rule NN work_i5jewootsnhvrcvfsugrmdljaa 260 52 for for IN work_i5jewootsnhvrcvfsugrmdljaa 260 53 initial initial JJ work_i5jewootsnhvrcvfsugrmdljaa 260 54 shares share NNS work_i5jewootsnhvrcvfsugrmdljaa 260 55 allotment allotment NN work_i5jewootsnhvrcvfsugrmdljaa 260 56 has have VBZ work_i5jewootsnhvrcvfsugrmdljaa 260 57 no no DT work_i5jewootsnhvrcvfsugrmdljaa 260 58 effect effect NN work_i5jewootsnhvrcvfsugrmdljaa 260 59 on on IN work_i5jewootsnhvrcvfsugrmdljaa 260 60 optimal optimal JJ work_i5jewootsnhvrcvfsugrmdljaa 260 61 portfolios portfolio NNS work_i5jewootsnhvrcvfsugrmdljaa 260 62 . . . work_i5jewootsnhvrcvfsugrmdljaa 261 1 An an DT work_i5jewootsnhvrcvfsugrmdljaa 261 2 alternative alternative JJ work_i5jewootsnhvrcvfsugrmdljaa 261 3 procedure procedure NN work_i5jewootsnhvrcvfsugrmdljaa 261 4 would would MD work_i5jewootsnhvrcvfsugrmdljaa 261 5 be be VB work_i5jewootsnhvrcvfsugrmdljaa 261 6 to to TO work_i5jewootsnhvrcvfsugrmdljaa 261 7 treat treat VB work_i5jewootsnhvrcvfsugrmdljaa 261 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 261 9 initial initial JJ work_i5jewootsnhvrcvfsugrmdljaa 261 10 endowment endowment NN work_i5jewootsnhvrcvfsugrmdljaa 261 11 as as IN work_i5jewootsnhvrcvfsugrmdljaa 261 12 a a DT work_i5jewootsnhvrcvfsugrmdljaa 261 13 loan loan NN work_i5jewootsnhvrcvfsugrmdljaa 261 14 in in IN work_i5jewootsnhvrcvfsugrmdljaa 261 15 the the DT work_i5jewootsnhvrcvfsugrmdljaa 261 16 form form NN work_i5jewootsnhvrcvfsugrmdljaa 261 17 of of IN work_i5jewootsnhvrcvfsugrmdljaa 261 18 shares share NNS work_i5jewootsnhvrcvfsugrmdljaa 261 19 borrowed borrow VBN work_i5jewootsnhvrcvfsugrmdljaa 261 20 . . . work_i5jewootsnhvrcvfsugrmdljaa 262 1 This this DT work_i5jewootsnhvrcvfsugrmdljaa 262 2 would would MD work_i5jewootsnhvrcvfsugrmdljaa 262 3 then then RB work_i5jewootsnhvrcvfsugrmdljaa 262 4 lead lead VB work_i5jewootsnhvrcvfsugrmdljaa 262 5 to to IN work_i5jewootsnhvrcvfsugrmdljaa 262 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 262 7 requirement requirement NN work_i5jewootsnhvrcvfsugrmdljaa 262 8 that that IN work_i5jewootsnhvrcvfsugrmdljaa 262 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 262 10 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 262 11 must must MD work_i5jewootsnhvrcvfsugrmdljaa 262 12 return return VB work_i5jewootsnhvrcvfsugrmdljaa 262 13 the the DT work_i5jewootsnhvrcvfsugrmdljaa 262 14 loan loan NN work_i5jewootsnhvrcvfsugrmdljaa 262 15 and and CC work_i5jewootsnhvrcvfsugrmdljaa 262 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 262 17 amount amount NN work_i5jewootsnhvrcvfsugrmdljaa 262 18 would would MD work_i5jewootsnhvrcvfsugrmdljaa 262 19 be be VB work_i5jewootsnhvrcvfsugrmdljaa 262 20 subtracted subtract VBN work_i5jewootsnhvrcvfsugrmdljaa 262 21 fromS fromS NNP work_i5jewootsnhvrcvfsugrmdljaa 262 22 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 262 23 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 262 24 Qt%1%μ qt%1%μ LS work_i5jewootsnhvrcvfsugrmdljaa 262 25 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 262 26 terminal terminal JJ work_i5jewootsnhvrcvfsugrmdljaa 262 27 wealth wealth NN work_i5jewootsnhvrcvfsugrmdljaa 262 28 . . . work_i5jewootsnhvrcvfsugrmdljaa 263 1 14 14 CD work_i5jewootsnhvrcvfsugrmdljaa 263 2 conditionally conditionally RB work_i5jewootsnhvrcvfsugrmdljaa 263 3 normally normally RB work_i5jewootsnhvrcvfsugrmdljaa 263 4 distributed distribute VBN work_i5jewootsnhvrcvfsugrmdljaa 263 5 with with IN work_i5jewootsnhvrcvfsugrmdljaa 263 6 mean mean NNP work_i5jewootsnhvrcvfsugrmdljaa 263 7 μ μ NNP work_i5jewootsnhvrcvfsugrmdljaa 263 8 and and CC work_i5jewootsnhvrcvfsugrmdljaa 263 9 precision precision NNP work_i5jewootsnhvrcvfsugrmdljaa 263 10 5 5 CD work_i5jewootsnhvrcvfsugrmdljaa 263 11 . . . work_i5jewootsnhvrcvfsugrmdljaa 264 1 Now now RB work_i5jewootsnhvrcvfsugrmdljaa 264 2 define define VB work_i5jewootsnhvrcvfsugrmdljaa 264 3 . . . work_i5jewootsnhvrcvfsugrmdljaa 265 1 A a DT work_i5jewootsnhvrcvfsugrmdljaa 265 2 theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 265 3 ofα ofα NN work_i5jewootsnhvrcvfsugrmdljaa 265 4 Qt Qt NNP work_i5jewootsnhvrcvfsugrmdljaa 265 5 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 265 6 Q̂t Q̂t NNP work_i5jewootsnhvrcvfsugrmdljaa 265 7 & & CC work_i5jewootsnhvrcvfsugrmdljaa 265 8 μ μ NNP work_i5jewootsnhvrcvfsugrmdljaa 265 9 belief belief NNP work_i5jewootsnhvrcvfsugrmdljaa 265 10 diversity diversity NN work_i5jewootsnhvrcvfsugrmdljaa 265 11 flows flow VBZ work_i5jewootsnhvrcvfsugrmdljaa 265 12 from from IN work_i5jewootsnhvrcvfsugrmdljaa 265 13 the the DT work_i5jewootsnhvrcvfsugrmdljaa 265 14 fact fact NN work_i5jewootsnhvrcvfsugrmdljaa 265 15 that that IN work_i5jewootsnhvrcvfsugrmdljaa 265 16 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 265 17 do do VBP work_i5jewootsnhvrcvfsugrmdljaa 265 18 not not RB work_i5jewootsnhvrcvfsugrmdljaa 265 19 know know VB work_i5jewootsnhvrcvfsugrmdljaa 265 20 the the DT work_i5jewootsnhvrcvfsugrmdljaa 265 21 true true JJ work_i5jewootsnhvrcvfsugrmdljaa 265 22 probability probability NN work_i5jewootsnhvrcvfsugrmdljaa 265 23 distribution distribution NN work_i5jewootsnhvrcvfsugrmdljaa 265 24 of of IN work_i5jewootsnhvrcvfsugrmdljaa 265 25 the the DT work_i5jewootsnhvrcvfsugrmdljaa 265 26 ‘ ' `` work_i5jewootsnhvrcvfsugrmdljaa 265 27 s. s. NNP work_i5jewootsnhvrcvfsugrmdljaa 266 1 That that RB work_i5jewootsnhvrcvfsugrmdljaa 266 2 is is RB work_i5jewootsnhvrcvfsugrmdljaa 266 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 266 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 266 5 stochastic stochastic JJ work_i5jewootsnhvrcvfsugrmdljaa 266 6 process process NN work_i5jewootsnhvrcvfsugrmdljaa 266 7 { { -LRB- work_i5jewootsnhvrcvfsugrmdljaa 266 8 } } -RRB- work_i5jewootsnhvrcvfsugrmdljaa 266 9 has have VBZ work_i5jewootsnhvrcvfsugrmdljaa 266 10 an an DT work_i5jewootsnhvrcvfsugrmdljaa 266 11 unknown unknown JJ work_i5jewootsnhvrcvfsugrmdljaa 266 12 probability probability NN work_i5jewootsnhvrcvfsugrmdljaa 266 13 Π. π. NN work_i5jewootsnhvrcvfsugrmdljaa 267 1 Traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 267 2 knowQt knowQt NNP work_i5jewootsnhvrcvfsugrmdljaa 267 3 Qt Qt NNP work_i5jewootsnhvrcvfsugrmdljaa 267 4 , , , work_i5jewootsnhvrcvfsugrmdljaa 267 5 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 267 6 ' ' CD work_i5jewootsnhvrcvfsugrmdljaa 267 7 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 267 8 , , , work_i5jewootsnhvrcvfsugrmdljaa 267 9 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 267 10 , , , work_i5jewootsnhvrcvfsugrmdljaa 267 11 . . . work_i5jewootsnhvrcvfsugrmdljaa 268 1 . . . work_i5jewootsnhvrcvfsugrmdljaa 269 1 . . . work_i5jewootsnhvrcvfsugrmdljaa 270 1 only only RB work_i5jewootsnhvrcvfsugrmdljaa 270 2 the the DT work_i5jewootsnhvrcvfsugrmdljaa 270 3 stationary stationary JJ work_i5jewootsnhvrcvfsugrmdljaa 270 4 probability probability NN work_i5jewootsnhvrcvfsugrmdljaa 270 5 m m NNP work_i5jewootsnhvrcvfsugrmdljaa 270 6 deduced deduce VBN work_i5jewootsnhvrcvfsugrmdljaa 270 7 from from IN work_i5jewootsnhvrcvfsugrmdljaa 270 8 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 270 9 . . . work_i5jewootsnhvrcvfsugrmdljaa 271 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 271 2 distinction distinction NN work_i5jewootsnhvrcvfsugrmdljaa 271 3 between between IN work_i5jewootsnhvrcvfsugrmdljaa 271 4 m m NN work_i5jewootsnhvrcvfsugrmdljaa 271 5 and and CC work_i5jewootsnhvrcvfsugrmdljaa 271 6 Π Π NNP work_i5jewootsnhvrcvfsugrmdljaa 271 7 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 271 8 central central JJ work_i5jewootsnhvrcvfsugrmdljaa 271 9 to to IN work_i5jewootsnhvrcvfsugrmdljaa 271 10 our -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 271 11 development development NN work_i5jewootsnhvrcvfsugrmdljaa 271 12 and and CC work_i5jewootsnhvrcvfsugrmdljaa 271 13 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 271 14 explored explore VBN work_i5jewootsnhvrcvfsugrmdljaa 271 15 later later RB work_i5jewootsnhvrcvfsugrmdljaa 271 16 when when WRB work_i5jewootsnhvrcvfsugrmdljaa 271 17 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 271 18 describe describe VBP work_i5jewootsnhvrcvfsugrmdljaa 271 19 the the DT work_i5jewootsnhvrcvfsugrmdljaa 271 20 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 271 21 structure structure NN work_i5jewootsnhvrcvfsugrmdljaa 271 22 . . . work_i5jewootsnhvrcvfsugrmdljaa 272 1 Here here RB work_i5jewootsnhvrcvfsugrmdljaa 272 2 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 272 3 note note VBP work_i5jewootsnhvrcvfsugrmdljaa 272 4 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 272 5 ’ ’ POS work_i5jewootsnhvrcvfsugrmdljaa 272 6 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 272 7 at at IN work_i5jewootsnhvrcvfsugrmdljaa 272 8 date date NN work_i5jewootsnhvrcvfsugrmdljaa 272 9 t t NN work_i5jewootsnhvrcvfsugrmdljaa 272 10 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 272 11 conditioned condition VBN work_i5jewootsnhvrcvfsugrmdljaa 272 12 on on IN work_i5jewootsnhvrcvfsugrmdljaa 272 13 common common JJ work_i5jewootsnhvrcvfsugrmdljaa 272 14 information information NN work_i5jewootsnhvrcvfsugrmdljaa 272 15 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 272 16 consists consist VBZ work_i5jewootsnhvrcvfsugrmdljaa 272 17 of of IN work_i5jewootsnhvrcvfsugrmdljaa 272 18 past past JJ work_i5jewootsnhvrcvfsugrmdljaa 272 19 values value NNS work_i5jewootsnhvrcvfsugrmdljaa 272 20 of of IN work_i5jewootsnhvrcvfsugrmdljaa 272 21 for for IN work_i5jewootsnhvrcvfsugrmdljaa 272 22 k k NN work_i5jewootsnhvrcvfsugrmdljaa 272 23 = = SYM work_i5jewootsnhvrcvfsugrmdljaa 272 24 Ht Ht NNP work_i5jewootsnhvrcvfsugrmdljaa 272 25 Qk Qk NNP work_i5jewootsnhvrcvfsugrmdljaa 272 26 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 272 27 , , , work_i5jewootsnhvrcvfsugrmdljaa 272 28 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 272 29 , , , work_i5jewootsnhvrcvfsugrmdljaa 272 30 ... ... NFP work_i5jewootsnhvrcvfsugrmdljaa 272 31 , , , work_i5jewootsnhvrcvfsugrmdljaa 272 32 t t NN work_i5jewootsnhvrcvfsugrmdljaa 272 33 and and CC work_i5jewootsnhvrcvfsugrmdljaa 272 34 prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 272 35 . . . work_i5jewootsnhvrcvfsugrmdljaa 273 1 As as IN work_i5jewootsnhvrcvfsugrmdljaa 273 2 in in IN work_i5jewootsnhvrcvfsugrmdljaa 273 3 the the DT work_i5jewootsnhvrcvfsugrmdljaa 273 4 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 273 5 model model NN work_i5jewootsnhvrcvfsugrmdljaa 273 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 273 7 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 273 8 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 273 9 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 273 10 launched launch VBN work_i5jewootsnhvrcvfsugrmdljaa 273 11 at at IN work_i5jewootsnhvrcvfsugrmdljaa 273 12 t t NN work_i5jewootsnhvrcvfsugrmdljaa 273 13 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 273 14 he -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 273 15 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 273 16 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 273 17 date date NN work_i5jewootsnhvrcvfsugrmdljaa 273 18 t t NN work_i5jewootsnhvrcvfsugrmdljaa 273 19 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 273 20 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 273 21 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 273 22 with with IN work_i5jewootsnhvrcvfsugrmdljaa 273 23 an an DT work_i5jewootsnhvrcvfsugrmdljaa 273 24 endowment endowment NN work_i5jewootsnhvrcvfsugrmdljaa 273 25 of of IN work_i5jewootsnhvrcvfsugrmdljaa 273 26 shares share NNS work_i5jewootsnhvrcvfsugrmdljaa 273 27 but but CC work_i5jewootsnhvrcvfsugrmdljaa 273 28 the the DT work_i5jewootsnhvrcvfsugrmdljaa 273 29 total total JJ work_i5jewootsnhvrcvfsugrmdljaa 273 30 supply supply NN work_i5jewootsnhvrcvfsugrmdljaa 273 31 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 273 32 a a DT work_i5jewootsnhvrcvfsugrmdljaa 273 33 constant constant JJ work_i5jewootsnhvrcvfsugrmdljaa 273 34 , , , work_i5jewootsnhvrcvfsugrmdljaa 273 35 not not RB work_i5jewootsnhvrcvfsugrmdljaa 273 36 random random JJ work_i5jewootsnhvrcvfsugrmdljaa 273 37 . . . work_i5jewootsnhvrcvfsugrmdljaa 274 1 Our -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 274 2 notation notation NN work_i5jewootsnhvrcvfsugrmdljaa 274 3 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 274 4 : : : work_i5jewootsnhvrcvfsugrmdljaa 274 5 S S NNP work_i5jewootsnhvrcvfsugrmdljaa 274 6 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 274 7 t t XX work_i5jewootsnhvrcvfsugrmdljaa 274 8 - - : work_i5jewootsnhvrcvfsugrmdljaa 274 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 274 10 endowment endowment NN work_i5jewootsnhvrcvfsugrmdljaa 274 11 of of IN work_i5jewootsnhvrcvfsugrmdljaa 274 12 shares share NNS work_i5jewootsnhvrcvfsugrmdljaa 274 13 with with IN work_i5jewootsnhvrcvfsugrmdljaa 274 14 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 274 15 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 274 16 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 274 17 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 274 18 launched launch VBN work_i5jewootsnhvrcvfsugrmdljaa 274 19 at at IN work_i5jewootsnhvrcvfsugrmdljaa 274 20 date date NN work_i5jewootsnhvrcvfsugrmdljaa 274 21 t;S t;S NNP work_i5jewootsnhvrcvfsugrmdljaa 274 22 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 274 23 t t NN work_i5jewootsnhvrcvfsugrmdljaa 274 24 - - HYPH work_i5jewootsnhvrcvfsugrmdljaa 274 25 date date NN work_i5jewootsnhvrcvfsugrmdljaa 274 26 t t NN work_i5jewootsnhvrcvfsugrmdljaa 274 27 demand demand NN work_i5jewootsnhvrcvfsugrmdljaa 274 28 of of IN work_i5jewootsnhvrcvfsugrmdljaa 274 29 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 274 30 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 274 31 who who WP work_i5jewootsnhvrcvfsugrmdljaa 274 32 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 274 33 launched launch VBN work_i5jewootsnhvrcvfsugrmdljaa 274 34 at at IN work_i5jewootsnhvrcvfsugrmdljaa 274 35 date date NN work_i5jewootsnhvrcvfsugrmdljaa 274 36 t;D t;D NNP work_i5jewootsnhvrcvfsugrmdljaa 274 37 i1 i1 NN work_i5jewootsnhvrcvfsugrmdljaa 274 38 t t NN work_i5jewootsnhvrcvfsugrmdljaa 274 39 - - HYPH work_i5jewootsnhvrcvfsugrmdljaa 274 40 date date NN work_i5jewootsnhvrcvfsugrmdljaa 274 41 t+1 t+1 NN work_i5jewootsnhvrcvfsugrmdljaa 274 42 demand demand NN work_i5jewootsnhvrcvfsugrmdljaa 274 43 of of IN work_i5jewootsnhvrcvfsugrmdljaa 274 44 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 274 45 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 274 46 who who WP work_i5jewootsnhvrcvfsugrmdljaa 274 47 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 274 48 launched launch VBN work_i5jewootsnhvrcvfsugrmdljaa 274 49 at at IN work_i5jewootsnhvrcvfsugrmdljaa 274 50 date date NN work_i5jewootsnhvrcvfsugrmdljaa 274 51 t;D t;D NNP work_i5jewootsnhvrcvfsugrmdljaa 274 52 i2 i2 NN work_i5jewootsnhvrcvfsugrmdljaa 274 53 t%1 t%1 NN work_i5jewootsnhvrcvfsugrmdljaa 274 54 S s NN work_i5jewootsnhvrcvfsugrmdljaa 274 55 - - HYPH work_i5jewootsnhvrcvfsugrmdljaa 274 56 total total JJ work_i5jewootsnhvrcvfsugrmdljaa 274 57 constant constant JJ work_i5jewootsnhvrcvfsugrmdljaa 274 58 supply supply NN work_i5jewootsnhvrcvfsugrmdljaa 274 59 of of IN work_i5jewootsnhvrcvfsugrmdljaa 274 60 shares share NNS work_i5jewootsnhvrcvfsugrmdljaa 274 61 . . . work_i5jewootsnhvrcvfsugrmdljaa 275 1 Traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 275 2 borrow borrow VBP work_i5jewootsnhvrcvfsugrmdljaa 275 3 or or CC work_i5jewootsnhvrcvfsugrmdljaa 275 4 hold hold VBP work_i5jewootsnhvrcvfsugrmdljaa 275 5 cash cash NN work_i5jewootsnhvrcvfsugrmdljaa 275 6 at at IN work_i5jewootsnhvrcvfsugrmdljaa 275 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 275 8 riskless riskless JJ work_i5jewootsnhvrcvfsugrmdljaa 275 9 rate rate NN work_i5jewootsnhvrcvfsugrmdljaa 275 10 hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 275 11 they -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 275 12 trade trade VBP work_i5jewootsnhvrcvfsugrmdljaa 275 13 between between IN work_i5jewootsnhvrcvfsugrmdljaa 275 14 the the DT work_i5jewootsnhvrcvfsugrmdljaa 275 15 aggregate aggregate JJ work_i5jewootsnhvrcvfsugrmdljaa 275 16 asset asset NN work_i5jewootsnhvrcvfsugrmdljaa 275 17 and and CC work_i5jewootsnhvrcvfsugrmdljaa 275 18 cash cash NN work_i5jewootsnhvrcvfsugrmdljaa 275 19 . . . work_i5jewootsnhvrcvfsugrmdljaa 276 1 Under under IN work_i5jewootsnhvrcvfsugrmdljaa 276 2 the the DT work_i5jewootsnhvrcvfsugrmdljaa 276 3 utility utility NN work_i5jewootsnhvrcvfsugrmdljaa 276 4 function function NN work_i5jewootsnhvrcvfsugrmdljaa 276 5 in in IN work_i5jewootsnhvrcvfsugrmdljaa 276 6 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 276 7 7 7 LS work_i5jewootsnhvrcvfsugrmdljaa 276 8 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 276 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 276 10 assumption assumption NN work_i5jewootsnhvrcvfsugrmdljaa 276 11 of of IN work_i5jewootsnhvrcvfsugrmdljaa 276 12 an an DT work_i5jewootsnhvrcvfsugrmdljaa 276 13 endowment endowment NN work_i5jewootsnhvrcvfsugrmdljaa 276 14 of of IN work_i5jewootsnhvrcvfsugrmdljaa 276 15 shares share NNS work_i5jewootsnhvrcvfsugrmdljaa 276 16 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 276 17 a a DT work_i5jewootsnhvrcvfsugrmdljaa 276 18 convenientS convenientS NNP work_i5jewootsnhvrcvfsugrmdljaa 276 19 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 276 20 t t XX work_i5jewootsnhvrcvfsugrmdljaa 276 21 assumption assumption NN work_i5jewootsnhvrcvfsugrmdljaa 276 22 with with IN work_i5jewootsnhvrcvfsugrmdljaa 276 23 absolutely absolutely RB work_i5jewootsnhvrcvfsugrmdljaa 276 24 no no DT work_i5jewootsnhvrcvfsugrmdljaa 276 25 effect effect NN work_i5jewootsnhvrcvfsugrmdljaa 276 26 on on IN work_i5jewootsnhvrcvfsugrmdljaa 276 27 the the DT work_i5jewootsnhvrcvfsugrmdljaa 276 28 results.6 results.6 NNP work_i5jewootsnhvrcvfsugrmdljaa 276 29 With with IN work_i5jewootsnhvrcvfsugrmdljaa 276 30 endowment endowment NN work_i5jewootsnhvrcvfsugrmdljaa 276 31 and and CC work_i5jewootsnhvrcvfsugrmdljaa 276 32 borrowing borrow VBG work_i5jewootsnhvrcvfsugrmdljaa 276 33 a a DT work_i5jewootsnhvrcvfsugrmdljaa 276 34 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 276 35 purchases purchase VBZ work_i5jewootsnhvrcvfsugrmdljaa 276 36 his -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 276 37 initial initial JJ work_i5jewootsnhvrcvfsugrmdljaa 276 38 stock stock NN work_i5jewootsnhvrcvfsugrmdljaa 276 39 position position NN work_i5jewootsnhvrcvfsugrmdljaa 276 40 at at IN work_i5jewootsnhvrcvfsugrmdljaa 276 41 the the DT work_i5jewootsnhvrcvfsugrmdljaa 276 42 cost cost NN work_i5jewootsnhvrcvfsugrmdljaa 276 43 of of IN work_i5jewootsnhvrcvfsugrmdljaa 276 44 . . . work_i5jewootsnhvrcvfsugrmdljaa 277 1 At at IN work_i5jewootsnhvrcvfsugrmdljaa 277 2 t+1 t+1 NN work_i5jewootsnhvrcvfsugrmdljaa 277 3 he -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 277 4 traders trader VBZ work_i5jewootsnhvrcvfsugrmdljaa 277 5 again again RB work_i5jewootsnhvrcvfsugrmdljaa 277 6 into into IN work_i5jewootsnhvrcvfsugrmdljaa 277 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 277 8 positionD positionD NNP work_i5jewootsnhvrcvfsugrmdljaa 277 9 i1 i1 NN work_i5jewootsnhvrcvfsugrmdljaa 277 10 t t NN work_i5jewootsnhvrcvfsugrmdljaa 277 11 D D NNP work_i5jewootsnhvrcvfsugrmdljaa 277 12 i1 i1 NNP work_i5jewootsnhvrcvfsugrmdljaa 277 13 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 277 14 pt pt NN work_i5jewootsnhvrcvfsugrmdljaa 277 15 . . . work_i5jewootsnhvrcvfsugrmdljaa 278 1 At at IN work_i5jewootsnhvrcvfsugrmdljaa 278 2 the the DT work_i5jewootsnhvrcvfsugrmdljaa 278 3 end end NN work_i5jewootsnhvrcvfsugrmdljaa 278 4 of of IN work_i5jewootsnhvrcvfsugrmdljaa 278 5 date date NN work_i5jewootsnhvrcvfsugrmdljaa 278 6 t+1 t+1 NN work_i5jewootsnhvrcvfsugrmdljaa 278 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 278 8 audited audited JJ work_i5jewootsnhvrcvfsugrmdljaa 278 9 valuation valuation NN work_i5jewootsnhvrcvfsugrmdljaa 278 10 of of IN work_i5jewootsnhvrcvfsugrmdljaa 278 11 the the DT work_i5jewootsnhvrcvfsugrmdljaa 278 12 asset asset NN work_i5jewootsnhvrcvfsugrmdljaa 278 13 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 278 14 revealed reveal VBN work_i5jewootsnhvrcvfsugrmdljaa 278 15 . . . work_i5jewootsnhvrcvfsugrmdljaa 279 1 Given give VBN work_i5jewootsnhvrcvfsugrmdljaa 279 2 the the DT work_i5jewootsnhvrcvfsugrmdljaa 279 3 traderD traderD NNP work_i5jewootsnhvrcvfsugrmdljaa 279 4 i2 i2 NN work_i5jewootsnhvrcvfsugrmdljaa 279 5 t%1 t%1 NN work_i5jewootsnhvrcvfsugrmdljaa 279 6 Qt%1 Qt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 279 7 Qt%1 Qt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 279 8 exchanges exchange VBZ work_i5jewootsnhvrcvfsugrmdljaa 279 9 his -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 279 10 stock stock NN work_i5jewootsnhvrcvfsugrmdljaa 279 11 position position NN work_i5jewootsnhvrcvfsugrmdljaa 279 12 for for IN work_i5jewootsnhvrcvfsugrmdljaa 279 13 real real JJ work_i5jewootsnhvrcvfsugrmdljaa 279 14 commodities commodity NNS work_i5jewootsnhvrcvfsugrmdljaa 279 15 and and CC work_i5jewootsnhvrcvfsugrmdljaa 279 16 retires retire NNS work_i5jewootsnhvrcvfsugrmdljaa 279 17 . . . work_i5jewootsnhvrcvfsugrmdljaa 280 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 280 2 shares share NNS work_i5jewootsnhvrcvfsugrmdljaa 280 3 of of IN work_i5jewootsnhvrcvfsugrmdljaa 280 4 retiring retire VBG work_i5jewootsnhvrcvfsugrmdljaa 280 5 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 280 6 areD ared CD work_i5jewootsnhvrcvfsugrmdljaa 280 7 i2 i2 NN work_i5jewootsnhvrcvfsugrmdljaa 280 8 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 280 9 then then RB work_i5jewootsnhvrcvfsugrmdljaa 280 10 used use VBN work_i5jewootsnhvrcvfsugrmdljaa 280 11 for for IN work_i5jewootsnhvrcvfsugrmdljaa 280 12 the the DT work_i5jewootsnhvrcvfsugrmdljaa 280 13 initial initial JJ work_i5jewootsnhvrcvfsugrmdljaa 280 14 endowment endowment NN work_i5jewootsnhvrcvfsugrmdljaa 280 15 to to IN work_i5jewootsnhvrcvfsugrmdljaa 280 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 280 17 next next JJ work_i5jewootsnhvrcvfsugrmdljaa 280 18 generation generation NN work_i5jewootsnhvrcvfsugrmdljaa 280 19 of of IN work_i5jewootsnhvrcvfsugrmdljaa 280 20 traders7 traders7 NN work_i5jewootsnhvrcvfsugrmdljaa 280 21 . . . work_i5jewootsnhvrcvfsugrmdljaa 281 1 A a DT work_i5jewootsnhvrcvfsugrmdljaa 281 2 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 281 3 has have VBZ work_i5jewootsnhvrcvfsugrmdljaa 281 4 a a DT work_i5jewootsnhvrcvfsugrmdljaa 281 5 preference preference NN work_i5jewootsnhvrcvfsugrmdljaa 281 6 over over IN work_i5jewootsnhvrcvfsugrmdljaa 281 7 risky risky JJ work_i5jewootsnhvrcvfsugrmdljaa 281 8 capital capital NN work_i5jewootsnhvrcvfsugrmdljaa 281 9 gains gain NNS work_i5jewootsnhvrcvfsugrmdljaa 281 10 . . . work_i5jewootsnhvrcvfsugrmdljaa 282 1 His -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 282 2 net net JJ work_i5jewootsnhvrcvfsugrmdljaa 282 3 terminal terminal JJ work_i5jewootsnhvrcvfsugrmdljaa 282 4 wealth wealth NN work_i5jewootsnhvrcvfsugrmdljaa 282 5 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 282 6 and and CC work_i5jewootsnhvrcvfsugrmdljaa 282 7 hisW hisW VBZ work_i5jewootsnhvrcvfsugrmdljaa 282 8 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 282 9 t%1 t%1 CC work_i5jewootsnhvrcvfsugrmdljaa 282 10 'S 'S NNP work_i5jewootsnhvrcvfsugrmdljaa 282 11 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 282 12 t t NN work_i5jewootsnhvrcvfsugrmdljaa 282 13 pt%D pt%d CD work_i5jewootsnhvrcvfsugrmdljaa 282 14 i1 i1 NN work_i5jewootsnhvrcvfsugrmdljaa 282 15 t t NN work_i5jewootsnhvrcvfsugrmdljaa 282 16 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 282 17 pt%1&pt pt%1&pt NNP work_i5jewootsnhvrcvfsugrmdljaa 282 18 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 282 19 % % NN work_i5jewootsnhvrcvfsugrmdljaa 282 20 D d NN work_i5jewootsnhvrcvfsugrmdljaa 282 21 i2 i2 NN work_i5jewootsnhvrcvfsugrmdljaa 282 22 t%1 t%1 IN work_i5jewootsnhvrcvfsugrmdljaa 282 23 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 282 24 Qt%1%μ Qt%1%μ NNP work_i5jewootsnhvrcvfsugrmdljaa 282 25 & & CC work_i5jewootsnhvrcvfsugrmdljaa 282 26 pt%1 pt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 282 27 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 282 28 date date NN work_i5jewootsnhvrcvfsugrmdljaa 282 29 t+1 t+1 NN work_i5jewootsnhvrcvfsugrmdljaa 282 30 utility utility NN work_i5jewootsnhvrcvfsugrmdljaa 282 31 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 282 32 15 15 CD work_i5jewootsnhvrcvfsugrmdljaa 282 33 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 282 34 7 7 CD work_i5jewootsnhvrcvfsugrmdljaa 282 35 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 282 36 .u .u . work_i5jewootsnhvrcvfsugrmdljaa 282 37 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 282 38 W w NN work_i5jewootsnhvrcvfsugrmdljaa 282 39 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 282 40 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 282 41 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 282 42 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 282 43 & & CC work_i5jewootsnhvrcvfsugrmdljaa 282 44 e e NNP work_i5jewootsnhvrcvfsugrmdljaa 282 45 & & CC work_i5jewootsnhvrcvfsugrmdljaa 282 46 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 282 47 W W NNP work_i5jewootsnhvrcvfsugrmdljaa 282 48 i i CD work_i5jewootsnhvrcvfsugrmdljaa 282 49 t%1 t%1 CC work_i5jewootsnhvrcvfsugrmdljaa 282 50 τ τ LS work_i5jewootsnhvrcvfsugrmdljaa 282 51 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 282 52 , , , work_i5jewootsnhvrcvfsugrmdljaa 282 53 W W NNP work_i5jewootsnhvrcvfsugrmdljaa 282 54 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 282 55 t%1 t%1 CC work_i5jewootsnhvrcvfsugrmdljaa 282 56 'S 'S NNP work_i5jewootsnhvrcvfsugrmdljaa 282 57 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 282 58 t t NN work_i5jewootsnhvrcvfsugrmdljaa 282 59 pt%D pt%d CD work_i5jewootsnhvrcvfsugrmdljaa 282 60 i1 i1 NNP work_i5jewootsnhvrcvfsugrmdljaa 282 61 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 282 62 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 282 63 pt%1 pt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 282 64 & & CC work_i5jewootsnhvrcvfsugrmdljaa 282 65 pt pt NNP work_i5jewootsnhvrcvfsugrmdljaa 282 66 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 282 67 % % NN work_i5jewootsnhvrcvfsugrmdljaa 282 68 D D NNP work_i5jewootsnhvrcvfsugrmdljaa 282 69 i2 i2 NN work_i5jewootsnhvrcvfsugrmdljaa 282 70 t%1 t%1 IN work_i5jewootsnhvrcvfsugrmdljaa 282 71 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 282 72 Qt%1%μ Qt%1%μ NNP work_i5jewootsnhvrcvfsugrmdljaa 282 73 & & CC work_i5jewootsnhvrcvfsugrmdljaa 282 74 pt%1 pt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 282 75 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 282 76 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 282 77 7 7 LS work_i5jewootsnhvrcvfsugrmdljaa 282 78 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 282 79 shows show VBZ work_i5jewootsnhvrcvfsugrmdljaa 282 80 that that IN work_i5jewootsnhvrcvfsugrmdljaa 282 81 on on IN work_i5jewootsnhvrcvfsugrmdljaa 282 82 the the DT work_i5jewootsnhvrcvfsugrmdljaa 282 83 demand demand NN work_i5jewootsnhvrcvfsugrmdljaa 282 84 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 282 85 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 282 86 makes make VBZ work_i5jewootsnhvrcvfsugrmdljaa 282 87 gains gain NNS work_i5jewootsnhvrcvfsugrmdljaa 282 88 or or CC work_i5jewootsnhvrcvfsugrmdljaa 282 89 losses loss NNS work_i5jewootsnhvrcvfsugrmdljaa 282 90 of of IN work_i5jewootsnhvrcvfsugrmdljaa 282 91 while while IN work_i5jewootsnhvrcvfsugrmdljaa 282 92 gains gain NNS work_i5jewootsnhvrcvfsugrmdljaa 282 93 on on IN work_i5jewootsnhvrcvfsugrmdljaa 282 94 D D NNP work_i5jewootsnhvrcvfsugrmdljaa 282 95 i1 i1 NN work_i5jewootsnhvrcvfsugrmdljaa 282 96 t t NN work_i5jewootsnhvrcvfsugrmdljaa 282 97 D D NNP work_i5jewootsnhvrcvfsugrmdljaa 282 98 i1 i1 NN work_i5jewootsnhvrcvfsugrmdljaa 282 99 t t NN work_i5jewootsnhvrcvfsugrmdljaa 282 100 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 282 101 pt%1&pt pt%1&pt NNP work_i5jewootsnhvrcvfsugrmdljaa 282 102 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 282 103 D D NNP work_i5jewootsnhvrcvfsugrmdljaa 282 104 i2 i2 NN work_i5jewootsnhvrcvfsugrmdljaa 282 105 t%1 t%1 NN work_i5jewootsnhvrcvfsugrmdljaa 282 106 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 282 107 . . . work_i5jewootsnhvrcvfsugrmdljaa 283 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 283 2 realized realize VBN work_i5jewootsnhvrcvfsugrmdljaa 283 3 has have VBZ work_i5jewootsnhvrcvfsugrmdljaa 283 4 informational informational JJ work_i5jewootsnhvrcvfsugrmdljaa 283 5 value value NN work_i5jewootsnhvrcvfsugrmdljaa 283 6 to to IN work_i5jewootsnhvrcvfsugrmdljaa 283 7 a a DT work_i5jewootsnhvrcvfsugrmdljaa 283 8 date date NN work_i5jewootsnhvrcvfsugrmdljaa 283 9 t t NN work_i5jewootsnhvrcvfsugrmdljaa 283 10 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 283 11 since since IN work_i5jewootsnhvrcvfsugrmdljaa 283 12 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 283 13 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 283 14 a a DT work_i5jewootsnhvrcvfsugrmdljaa 283 15 signalD signalD NNP work_i5jewootsnhvrcvfsugrmdljaa 283 16 i2 i2 NN work_i5jewootsnhvrcvfsugrmdljaa 283 17 t%1 t%1 NN work_i5jewootsnhvrcvfsugrmdljaa 283 18 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 283 19 Qt%1 Qt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 283 20 % % NNP work_i5jewootsnhvrcvfsugrmdljaa 283 21 μ μ NNP work_i5jewootsnhvrcvfsugrmdljaa 283 22 & & CC work_i5jewootsnhvrcvfsugrmdljaa 283 23 pt%1 pt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 283 24 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 283 25 Qt qt VB work_i5jewootsnhvrcvfsugrmdljaa 283 26 for for IN work_i5jewootsnhvrcvfsugrmdljaa 283 27 . . . work_i5jewootsnhvrcvfsugrmdljaa 284 1 Apart apart RB work_i5jewootsnhvrcvfsugrmdljaa 284 2 from from IN work_i5jewootsnhvrcvfsugrmdljaa 284 3 this this DT work_i5jewootsnhvrcvfsugrmdljaa 284 4 , , , work_i5jewootsnhvrcvfsugrmdljaa 284 5 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 284 6 has have VBZ work_i5jewootsnhvrcvfsugrmdljaa 284 7 no no DT work_i5jewootsnhvrcvfsugrmdljaa 284 8 impact impact NN work_i5jewootsnhvrcvfsugrmdljaa 284 9 on on IN work_i5jewootsnhvrcvfsugrmdljaa 284 10 his -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 284 11 wealth wealth NN work_i5jewootsnhvrcvfsugrmdljaa 284 12 since since IN work_i5jewootsnhvrcvfsugrmdljaa 284 13 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 284 14 payment payment NN work_i5jewootsnhvrcvfsugrmdljaa 284 15 to to IN work_i5jewootsnhvrcvfsugrmdljaa 284 16 retiring retire VBG work_i5jewootsnhvrcvfsugrmdljaa 284 17 portfolios portfolio NNS work_i5jewootsnhvrcvfsugrmdljaa 284 18 at at IN work_i5jewootsnhvrcvfsugrmdljaa 284 19 t t NN work_i5jewootsnhvrcvfsugrmdljaa 284 20 . . . work_i5jewootsnhvrcvfsugrmdljaa 284 21 Qt%1 Qt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 284 22 Qt Qt NNP work_i5jewootsnhvrcvfsugrmdljaa 284 23 In in IN work_i5jewootsnhvrcvfsugrmdljaa 284 24 short short JJ work_i5jewootsnhvrcvfsugrmdljaa 284 25 , , , work_i5jewootsnhvrcvfsugrmdljaa 284 26 with with IN work_i5jewootsnhvrcvfsugrmdljaa 284 27 a a DT work_i5jewootsnhvrcvfsugrmdljaa 284 28 real real JJ work_i5jewootsnhvrcvfsugrmdljaa 284 29 economy economy NN work_i5jewootsnhvrcvfsugrmdljaa 284 30 in in IN work_i5jewootsnhvrcvfsugrmdljaa 284 31 the the DT work_i5jewootsnhvrcvfsugrmdljaa 284 32 background background NN work_i5jewootsnhvrcvfsugrmdljaa 284 33 agents agent NNS work_i5jewootsnhvrcvfsugrmdljaa 284 34 in in IN work_i5jewootsnhvrcvfsugrmdljaa 284 35 our -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 284 36 model model NN work_i5jewootsnhvrcvfsugrmdljaa 284 37 redistribute redistribute NN work_i5jewootsnhvrcvfsugrmdljaa 284 38 risk risk NN work_i5jewootsnhvrcvfsugrmdljaa 284 39 in in IN work_i5jewootsnhvrcvfsugrmdljaa 284 40 accord accord NN work_i5jewootsnhvrcvfsugrmdljaa 284 41 with with IN work_i5jewootsnhvrcvfsugrmdljaa 284 42 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 284 43 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 284 44 or or CC work_i5jewootsnhvrcvfsugrmdljaa 284 45 information information NN work_i5jewootsnhvrcvfsugrmdljaa 284 46 . . . work_i5jewootsnhvrcvfsugrmdljaa 285 1 This this DT work_i5jewootsnhvrcvfsugrmdljaa 285 2 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 285 3 exactly exactly RB work_i5jewootsnhvrcvfsugrmdljaa 285 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 285 5 spirit spirit NN work_i5jewootsnhvrcvfsugrmdljaa 285 6 of of IN work_i5jewootsnhvrcvfsugrmdljaa 285 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 285 8 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 285 9 model model NN work_i5jewootsnhvrcvfsugrmdljaa 285 10 . . . work_i5jewootsnhvrcvfsugrmdljaa 286 1 Trader Trader NNP work_i5jewootsnhvrcvfsugrmdljaa 286 2 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 286 3 who who WP work_i5jewootsnhvrcvfsugrmdljaa 286 4 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 286 5 launched launch VBN work_i5jewootsnhvrcvfsugrmdljaa 286 6 at at IN work_i5jewootsnhvrcvfsugrmdljaa 286 7 date date NN work_i5jewootsnhvrcvfsugrmdljaa 286 8 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 286 9 selects select VBZ work_i5jewootsnhvrcvfsugrmdljaa 286 10 an an DT work_i5jewootsnhvrcvfsugrmdljaa 286 11 optimal optimal JJ work_i5jewootsnhvrcvfsugrmdljaa 286 12 trading trading NN work_i5jewootsnhvrcvfsugrmdljaa 286 13 strategy strategy NN work_i5jewootsnhvrcvfsugrmdljaa 286 14 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 286 15 sequentially sequentially RB work_i5jewootsnhvrcvfsugrmdljaa 286 16 solves solve VBZ work_i5jewootsnhvrcvfsugrmdljaa 286 17 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 286 18 7a 7a NN work_i5jewootsnhvrcvfsugrmdljaa 286 19 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 286 20 J J NNP work_i5jewootsnhvrcvfsugrmdljaa 286 21 i2 i2 NNP work_i5jewootsnhvrcvfsugrmdljaa 286 22 t%1 t%1 FW work_i5jewootsnhvrcvfsugrmdljaa 286 23 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 286 24 D D NNP work_i5jewootsnhvrcvfsugrmdljaa 286 25 i1 i1 NNP work_i5jewootsnhvrcvfsugrmdljaa 286 26 t t NN work_i5jewootsnhvrcvfsugrmdljaa 286 27 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 286 28 ' ' `` work_i5jewootsnhvrcvfsugrmdljaa 286 29 Max Max NNP work_i5jewootsnhvrcvfsugrmdljaa 286 30 D D NNP work_i5jewootsnhvrcvfsugrmdljaa 286 31 i2 i2 NN work_i5jewootsnhvrcvfsugrmdljaa 286 32 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 286 33 E E NNP work_i5jewootsnhvrcvfsugrmdljaa 286 34 i i NNP work_i5jewootsnhvrcvfsugrmdljaa 286 35 & & CC work_i5jewootsnhvrcvfsugrmdljaa 286 36 exp exp NNP work_i5jewootsnhvrcvfsugrmdljaa 286 37 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 286 38 & & CC work_i5jewootsnhvrcvfsugrmdljaa 286 39 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 286 40 τ τ NNP work_i5jewootsnhvrcvfsugrmdljaa 286 41 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 286 42 S S NNP work_i5jewootsnhvrcvfsugrmdljaa 286 43 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 286 44 t t NN work_i5jewootsnhvrcvfsugrmdljaa 286 45 pt pt IN work_i5jewootsnhvrcvfsugrmdljaa 286 46 % % NN work_i5jewootsnhvrcvfsugrmdljaa 286 47 D D NNP work_i5jewootsnhvrcvfsugrmdljaa 286 48 i1 i1 NNP work_i5jewootsnhvrcvfsugrmdljaa 286 49 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 286 50 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 286 51 pt%1 pt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 286 52 & & CC work_i5jewootsnhvrcvfsugrmdljaa 286 53 pt pt NNP work_i5jewootsnhvrcvfsugrmdljaa 286 54 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 286 55 % % NN work_i5jewootsnhvrcvfsugrmdljaa 286 56 D D NNP work_i5jewootsnhvrcvfsugrmdljaa 286 57 i2 i2 NN work_i5jewootsnhvrcvfsugrmdljaa 286 58 t%1 t%1 IN work_i5jewootsnhvrcvfsugrmdljaa 286 59 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 286 60 Qt%1%μ Qt%1%μ NNP work_i5jewootsnhvrcvfsugrmdljaa 286 61 & & CC work_i5jewootsnhvrcvfsugrmdljaa 286 62 pt%1 pt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 286 63 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 286 64 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 286 65 | | CD work_i5jewootsnhvrcvfsugrmdljaa 286 66 Ht%1 Ht%1 NNS work_i5jewootsnhvrcvfsugrmdljaa 286 67 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 286 68 7b 7b NNP work_i5jewootsnhvrcvfsugrmdljaa 286 69 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 286 70 J J NNP work_i5jewootsnhvrcvfsugrmdljaa 286 71 i1 i1 NNP work_i5jewootsnhvrcvfsugrmdljaa 286 72 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 286 73 ' ' `` work_i5jewootsnhvrcvfsugrmdljaa 286 74 Max Max NNP work_i5jewootsnhvrcvfsugrmdljaa 286 75 D D NNP work_i5jewootsnhvrcvfsugrmdljaa 286 76 i1 i1 NN work_i5jewootsnhvrcvfsugrmdljaa 286 77 t t NN work_i5jewootsnhvrcvfsugrmdljaa 286 78 E e NN work_i5jewootsnhvrcvfsugrmdljaa 286 79 i i NN work_i5jewootsnhvrcvfsugrmdljaa 286 80 Max Max NNP work_i5jewootsnhvrcvfsugrmdljaa 286 81 D D NNP work_i5jewootsnhvrcvfsugrmdljaa 286 82 i2 i2 NN work_i5jewootsnhvrcvfsugrmdljaa 286 83 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 286 84 E E NNP work_i5jewootsnhvrcvfsugrmdljaa 286 85 i i NNP work_i5jewootsnhvrcvfsugrmdljaa 286 86 & & CC work_i5jewootsnhvrcvfsugrmdljaa 286 87 exp exp NNP work_i5jewootsnhvrcvfsugrmdljaa 286 88 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 286 89 & & CC work_i5jewootsnhvrcvfsugrmdljaa 286 90 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 286 91 τ τ NNP work_i5jewootsnhvrcvfsugrmdljaa 286 92 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 286 93 S S NNP work_i5jewootsnhvrcvfsugrmdljaa 286 94 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 286 95 t t NN work_i5jewootsnhvrcvfsugrmdljaa 286 96 pt pt IN work_i5jewootsnhvrcvfsugrmdljaa 286 97 % % NN work_i5jewootsnhvrcvfsugrmdljaa 286 98 D d NN work_i5jewootsnhvrcvfsugrmdljaa 286 99 i1 i1 NN work_i5jewootsnhvrcvfsugrmdljaa 286 100 t t NN work_i5jewootsnhvrcvfsugrmdljaa 286 101 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 286 102 pt%1&pt pt%1&pt NNP work_i5jewootsnhvrcvfsugrmdljaa 286 103 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 286 104 % % NN work_i5jewootsnhvrcvfsugrmdljaa 286 105 D d NN work_i5jewootsnhvrcvfsugrmdljaa 286 106 i2 i2 NNP work_i5jewootsnhvrcvfsugrmdljaa 286 107 t%1(Qt%1%μ t%1(Qt%1%μ NNP work_i5jewootsnhvrcvfsugrmdljaa 286 108 & & CC work_i5jewootsnhvrcvfsugrmdljaa 286 109 pt%1 pt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 286 110 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 286 111 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 286 112 | | CD work_i5jewootsnhvrcvfsugrmdljaa 286 113 Ht%1 ht%1 NN work_i5jewootsnhvrcvfsugrmdljaa 286 114 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 286 115 Ht Ht NNP work_i5jewootsnhvrcvfsugrmdljaa 286 116 . . . work_i5jewootsnhvrcvfsugrmdljaa 287 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 287 2 7a 7a NN work_i5jewootsnhvrcvfsugrmdljaa 287 3 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 287 4 solves solve VBZ work_i5jewootsnhvrcvfsugrmdljaa 287 5 for for IN work_i5jewootsnhvrcvfsugrmdljaa 287 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 287 7 given give VBN work_i5jewootsnhvrcvfsugrmdljaa 287 8 date date NN work_i5jewootsnhvrcvfsugrmdljaa 287 9 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 287 10 demand demand NN work_i5jewootsnhvrcvfsugrmdljaa 287 11 function function NN work_i5jewootsnhvrcvfsugrmdljaa 287 12 , , , work_i5jewootsnhvrcvfsugrmdljaa 287 13 while while IN work_i5jewootsnhvrcvfsugrmdljaa 287 14 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 287 15 7b 7b NNP work_i5jewootsnhvrcvfsugrmdljaa 287 16 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 287 17 solves solve VBZ work_i5jewootsnhvrcvfsugrmdljaa 287 18 for for IN work_i5jewootsnhvrcvfsugrmdljaa 287 19 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 287 20 ’s ’ VBG work_i5jewootsnhvrcvfsugrmdljaa 287 21 demand demand NN work_i5jewootsnhvrcvfsugrmdljaa 287 22 in in IN work_i5jewootsnhvrcvfsugrmdljaa 287 23 date date NN work_i5jewootsnhvrcvfsugrmdljaa 287 24 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 287 25 . . . work_i5jewootsnhvrcvfsugrmdljaa 288 1 TheD TheD NNP work_i5jewootsnhvrcvfsugrmdljaa 288 2 i2 i2 NN work_i5jewootsnhvrcvfsugrmdljaa 288 3 t t NN work_i5jewootsnhvrcvfsugrmdljaa 288 4 reasoning reasoning NN work_i5jewootsnhvrcvfsugrmdljaa 288 5 presented present VBN work_i5jewootsnhvrcvfsugrmdljaa 288 6 earlier early RBR work_i5jewootsnhvrcvfsugrmdljaa 288 7 for for IN work_i5jewootsnhvrcvfsugrmdljaa 288 8 computing compute VBG work_i5jewootsnhvrcvfsugrmdljaa 288 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 288 10 demand demand NN work_i5jewootsnhvrcvfsugrmdljaa 288 11 functions function NNS work_i5jewootsnhvrcvfsugrmdljaa 288 12 applies apply VBZ work_i5jewootsnhvrcvfsugrmdljaa 288 13 here here RB work_i5jewootsnhvrcvfsugrmdljaa 288 14 as as RB work_i5jewootsnhvrcvfsugrmdljaa 288 15 well well RB work_i5jewootsnhvrcvfsugrmdljaa 288 16 . . . work_i5jewootsnhvrcvfsugrmdljaa 289 1 They -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 289 2 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 289 3 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 289 4 8a 8a NNP work_i5jewootsnhvrcvfsugrmdljaa 289 5 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 289 6 .D .D . work_i5jewootsnhvrcvfsugrmdljaa 289 7 i2 i2 NNP work_i5jewootsnhvrcvfsugrmdljaa 289 8 t%1 t%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 289 9 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 289 10 pt%1 pt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 289 11 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 289 12 ' ' NN work_i5jewootsnhvrcvfsugrmdljaa 289 13 τ τ LS work_i5jewootsnhvrcvfsugrmdljaa 289 14 Var var NN work_i5jewootsnhvrcvfsugrmdljaa 289 15 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 289 16 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 289 17 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 289 18 t%1 t%1 NN work_i5jewootsnhvrcvfsugrmdljaa 289 19 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 289 20 H h NN work_i5jewootsnhvrcvfsugrmdljaa 289 21 t%1 t%1 NN work_i5jewootsnhvrcvfsugrmdljaa 289 22 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 289 23 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 289 24 E e NN work_i5jewootsnhvrcvfsugrmdljaa 289 25 i(Q i(q FW work_i5jewootsnhvrcvfsugrmdljaa 289 26 t%1 t%1 NN work_i5jewootsnhvrcvfsugrmdljaa 289 27 | | NN work_i5jewootsnhvrcvfsugrmdljaa 289 28 H h NN work_i5jewootsnhvrcvfsugrmdljaa 289 29 t%1 t%1 NN work_i5jewootsnhvrcvfsugrmdljaa 289 30 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 289 31 % % NN work_i5jewootsnhvrcvfsugrmdljaa 289 32 μ μ NNP work_i5jewootsnhvrcvfsugrmdljaa 289 33 & & CC work_i5jewootsnhvrcvfsugrmdljaa 289 34 p p NNP work_i5jewootsnhvrcvfsugrmdljaa 289 35 t%1 t%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 289 36 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 289 37 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 289 38 8b 8b NNP work_i5jewootsnhvrcvfsugrmdljaa 289 39 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 289 40 .D .D . work_i5jewootsnhvrcvfsugrmdljaa 289 41 i1 i1 NNP work_i5jewootsnhvrcvfsugrmdljaa 289 42 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 289 43 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 289 44 pt pt UH work_i5jewootsnhvrcvfsugrmdljaa 289 45 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 289 46 ' ' POS work_i5jewootsnhvrcvfsugrmdljaa 289 47 τ τ NN work_i5jewootsnhvrcvfsugrmdljaa 289 48 G1 g1 NN work_i5jewootsnhvrcvfsugrmdljaa 289 49 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 289 50 E e NN work_i5jewootsnhvrcvfsugrmdljaa 289 51 i(pt%1 i(pt%1 CD work_i5jewootsnhvrcvfsugrmdljaa 289 52 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 289 53 Ht Ht NNP work_i5jewootsnhvrcvfsugrmdljaa 289 54 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 289 55 & & CC work_i5jewootsnhvrcvfsugrmdljaa 289 56 pt pt NN work_i5jewootsnhvrcvfsugrmdljaa 289 57 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 289 58 % % NN work_i5jewootsnhvrcvfsugrmdljaa 289 59 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 289 60 G2 G2 NNP work_i5jewootsnhvrcvfsugrmdljaa 289 61 & & CC work_i5jewootsnhvrcvfsugrmdljaa 289 62 G1 G1 NNP work_i5jewootsnhvrcvfsugrmdljaa 289 63 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 289 64 G1 g1 NN work_i5jewootsnhvrcvfsugrmdljaa 289 65 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 289 66 E e NN work_i5jewootsnhvrcvfsugrmdljaa 289 67 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 289 68 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 289 69 D D NNP work_i5jewootsnhvrcvfsugrmdljaa 289 70 i2 i2 NN work_i5jewootsnhvrcvfsugrmdljaa 289 71 t%1 t%1 NN work_i5jewootsnhvrcvfsugrmdljaa 289 72 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 289 73 Ht Ht NNP work_i5jewootsnhvrcvfsugrmdljaa 289 74 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 289 75 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 289 76 Is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 289 77 our -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 289 78 adaptation adaptation NN work_i5jewootsnhvrcvfsugrmdljaa 289 79 of of IN work_i5jewootsnhvrcvfsugrmdljaa 289 80 the the DT work_i5jewootsnhvrcvfsugrmdljaa 289 81 model model NN work_i5jewootsnhvrcvfsugrmdljaa 289 82 reasonable reasonable JJ work_i5jewootsnhvrcvfsugrmdljaa 289 83 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 290 1 Since since IN work_i5jewootsnhvrcvfsugrmdljaa 290 2 our -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 290 3 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 290 4 lives live VBZ work_i5jewootsnhvrcvfsugrmdljaa 290 5 for for IN work_i5jewootsnhvrcvfsugrmdljaa 290 6 two two CD work_i5jewootsnhvrcvfsugrmdljaa 290 7 periods period NNS work_i5jewootsnhvrcvfsugrmdljaa 290 8 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 290 9 he -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 290 10 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 290 11 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 290 12 long long RB work_i5jewootsnhvrcvfsugrmdljaa 290 13 lived live VBN work_i5jewootsnhvrcvfsugrmdljaa 290 14 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 290 15 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 290 16 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 290 17 incorporate incorporate VBP work_i5jewootsnhvrcvfsugrmdljaa 290 18 the the DT work_i5jewootsnhvrcvfsugrmdljaa 290 19 hedging hedge VBG work_i5jewootsnhvrcvfsugrmdljaa 290 20 demand demand NN work_i5jewootsnhvrcvfsugrmdljaa 290 21 . . . work_i5jewootsnhvrcvfsugrmdljaa 291 1 But but CC work_i5jewootsnhvrcvfsugrmdljaa 291 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 291 3 as as IN work_i5jewootsnhvrcvfsugrmdljaa 291 4 required require VBN work_i5jewootsnhvrcvfsugrmdljaa 291 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 291 6 our -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 291 7 demand demand NN work_i5jewootsnhvrcvfsugrmdljaa 291 8 functions function NNS work_i5jewootsnhvrcvfsugrmdljaa 291 9 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 291 10 identically identically RB work_i5jewootsnhvrcvfsugrmdljaa 291 11 the the DT work_i5jewootsnhvrcvfsugrmdljaa 291 12 same same JJ work_i5jewootsnhvrcvfsugrmdljaa 291 13 as as IN work_i5jewootsnhvrcvfsugrmdljaa 291 14 in in IN work_i5jewootsnhvrcvfsugrmdljaa 291 15 the the DT work_i5jewootsnhvrcvfsugrmdljaa 291 16 model model NN work_i5jewootsnhvrcvfsugrmdljaa 291 17 with with IN work_i5jewootsnhvrcvfsugrmdljaa 291 18 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 291 19 : : : work_i5jewootsnhvrcvfsugrmdljaa 291 20 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 291 21 8a)-(8b 8a)-(8b CD work_i5jewootsnhvrcvfsugrmdljaa 291 22 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 291 23 and and CC work_i5jewootsnhvrcvfsugrmdljaa 291 24 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 291 25 2a)-(2b 2a)-(2b CD work_i5jewootsnhvrcvfsugrmdljaa 291 26 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 291 27 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 291 28 exactly exactly RB work_i5jewootsnhvrcvfsugrmdljaa 291 29 the the DT work_i5jewootsnhvrcvfsugrmdljaa 291 30 same same JJ work_i5jewootsnhvrcvfsugrmdljaa 291 31 functions function NNS work_i5jewootsnhvrcvfsugrmdljaa 291 32 . . . work_i5jewootsnhvrcvfsugrmdljaa 292 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 292 2 crucial crucial JJ work_i5jewootsnhvrcvfsugrmdljaa 292 3 difference difference NN work_i5jewootsnhvrcvfsugrmdljaa 292 4 between between IN work_i5jewootsnhvrcvfsugrmdljaa 292 5 the the DT work_i5jewootsnhvrcvfsugrmdljaa 292 6 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 292 7 information information NN work_i5jewootsnhvrcvfsugrmdljaa 292 8 and and CC work_i5jewootsnhvrcvfsugrmdljaa 292 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 292 10 heterogenous heterogenous JJ work_i5jewootsnhvrcvfsugrmdljaa 292 11 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 292 12 models model NNS work_i5jewootsnhvrcvfsugrmdljaa 292 13 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 292 14 the the DT work_i5jewootsnhvrcvfsugrmdljaa 292 15 expectations expectation NNS work_i5jewootsnhvrcvfsugrmdljaa 292 16 of of IN work_i5jewootsnhvrcvfsugrmdljaa 292 17 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 292 18 in in IN work_i5jewootsnhvrcvfsugrmdljaa 292 19 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 292 20 8a)-(8b 8a)-(8b CD work_i5jewootsnhvrcvfsugrmdljaa 292 21 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 292 22 and and CC work_i5jewootsnhvrcvfsugrmdljaa 292 23 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 292 24 2a)-(2b 2a)-(2b CD work_i5jewootsnhvrcvfsugrmdljaa 292 25 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 292 26 and and CC work_i5jewootsnhvrcvfsugrmdljaa 292 27 the the DT work_i5jewootsnhvrcvfsugrmdljaa 292 28 information information NN work_i5jewootsnhvrcvfsugrmdljaa 292 29 they -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 292 30 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 292 31 assumed assume VBN work_i5jewootsnhvrcvfsugrmdljaa 292 32 to to TO work_i5jewootsnhvrcvfsugrmdljaa 292 33 have have VB work_i5jewootsnhvrcvfsugrmdljaa 292 34 . . . work_i5jewootsnhvrcvfsugrmdljaa 293 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 293 2 also also RB work_i5jewootsnhvrcvfsugrmdljaa 293 3 observe observe VBP work_i5jewootsnhvrcvfsugrmdljaa 293 4 that that IN work_i5jewootsnhvrcvfsugrmdljaa 293 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 293 6 although although IN work_i5jewootsnhvrcvfsugrmdljaa 293 7 somewhat somewhat RB work_i5jewootsnhvrcvfsugrmdljaa 293 8 artificial artificial JJ work_i5jewootsnhvrcvfsugrmdljaa 293 9 , , , work_i5jewootsnhvrcvfsugrmdljaa 293 10 the the DT work_i5jewootsnhvrcvfsugrmdljaa 293 11 assumption assumption NN work_i5jewootsnhvrcvfsugrmdljaa 293 12 of of IN work_i5jewootsnhvrcvfsugrmdljaa 293 13 a a DT work_i5jewootsnhvrcvfsugrmdljaa 293 14 share share NN work_i5jewootsnhvrcvfsugrmdljaa 293 15 endowment endowment NN work_i5jewootsnhvrcvfsugrmdljaa 293 16 to to IN work_i5jewootsnhvrcvfsugrmdljaa 293 17 new new JJ work_i5jewootsnhvrcvfsugrmdljaa 293 18 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 293 19 removes remove VBZ work_i5jewootsnhvrcvfsugrmdljaa 293 20 allS allS -RRB- work_i5jewootsnhvrcvfsugrmdljaa 293 21 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 293 22 t t VBP work_i5jewootsnhvrcvfsugrmdljaa 293 23 intergenerational intergenerational JJ work_i5jewootsnhvrcvfsugrmdljaa 293 24 effects effect NNS work_i5jewootsnhvrcvfsugrmdljaa 293 25 of of IN work_i5jewootsnhvrcvfsugrmdljaa 293 26 a a DT work_i5jewootsnhvrcvfsugrmdljaa 293 27 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 293 28 ’s ’s POS work_i5jewootsnhvrcvfsugrmdljaa 293 29 decision decision NN work_i5jewootsnhvrcvfsugrmdljaa 293 30 . . . work_i5jewootsnhvrcvfsugrmdljaa 294 1 Indeed indeed RB work_i5jewootsnhvrcvfsugrmdljaa 294 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 294 3 the the DT work_i5jewootsnhvrcvfsugrmdljaa 294 4 equality equality NN work_i5jewootsnhvrcvfsugrmdljaa 294 5 of of IN work_i5jewootsnhvrcvfsugrmdljaa 294 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 294 7 demand demand NN work_i5jewootsnhvrcvfsugrmdljaa 294 8 functions function NNS work_i5jewootsnhvrcvfsugrmdljaa 294 9 together together RB work_i5jewootsnhvrcvfsugrmdljaa 294 10 with with IN work_i5jewootsnhvrcvfsugrmdljaa 294 11 the the DT work_i5jewootsnhvrcvfsugrmdljaa 294 12 device device NN work_i5jewootsnhvrcvfsugrmdljaa 294 13 of of IN work_i5jewootsnhvrcvfsugrmdljaa 294 14 the the DT work_i5jewootsnhvrcvfsugrmdljaa 294 15 share share NN work_i5jewootsnhvrcvfsugrmdljaa 294 16 endowment endowment NN work_i5jewootsnhvrcvfsugrmdljaa 294 17 attains attain VBZ work_i5jewootsnhvrcvfsugrmdljaa 294 18 model model NN work_i5jewootsnhvrcvfsugrmdljaa 294 19 consistency consistency NN work_i5jewootsnhvrcvfsugrmdljaa 294 20 and and CC work_i5jewootsnhvrcvfsugrmdljaa 294 21 ensures ensure VBZ work_i5jewootsnhvrcvfsugrmdljaa 294 22 that that IN work_i5jewootsnhvrcvfsugrmdljaa 294 23 the the DT work_i5jewootsnhvrcvfsugrmdljaa 294 24 infinite infinite JJ work_i5jewootsnhvrcvfsugrmdljaa 294 25 time time NN work_i5jewootsnhvrcvfsugrmdljaa 294 26 horizon horizon NN work_i5jewootsnhvrcvfsugrmdljaa 294 27 in in IN work_i5jewootsnhvrcvfsugrmdljaa 294 28 our -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 294 29 model model NN work_i5jewootsnhvrcvfsugrmdljaa 294 30 has have VBZ work_i5jewootsnhvrcvfsugrmdljaa 294 31 no no DT work_i5jewootsnhvrcvfsugrmdljaa 294 32 independent independent JJ work_i5jewootsnhvrcvfsugrmdljaa 294 33 effect effect NN work_i5jewootsnhvrcvfsugrmdljaa 294 34 . . . work_i5jewootsnhvrcvfsugrmdljaa 295 1 That that RB work_i5jewootsnhvrcvfsugrmdljaa 295 2 is is RB work_i5jewootsnhvrcvfsugrmdljaa 295 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 295 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 295 5 facts fact NNS work_i5jewootsnhvrcvfsugrmdljaa 295 6 that that WDT work_i5jewootsnhvrcvfsugrmdljaa 295 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 295 8 first first JJ work_i5jewootsnhvrcvfsugrmdljaa 295 9 model model NN work_i5jewootsnhvrcvfsugrmdljaa 295 10 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 295 11 of of IN work_i5jewootsnhvrcvfsugrmdljaa 295 12 a a DT work_i5jewootsnhvrcvfsugrmdljaa 295 13 finite finite JJ work_i5jewootsnhvrcvfsugrmdljaa 295 14 horizon horizon NN work_i5jewootsnhvrcvfsugrmdljaa 295 15 economy economy NN work_i5jewootsnhvrcvfsugrmdljaa 295 16 and and CC work_i5jewootsnhvrcvfsugrmdljaa 295 17 the the DT work_i5jewootsnhvrcvfsugrmdljaa 295 18 second second JJ work_i5jewootsnhvrcvfsugrmdljaa 295 19 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 295 20 imbedded imbed VBN work_i5jewootsnhvrcvfsugrmdljaa 295 21 in in IN work_i5jewootsnhvrcvfsugrmdljaa 295 22 an an DT work_i5jewootsnhvrcvfsugrmdljaa 295 23 infinite infinite JJ work_i5jewootsnhvrcvfsugrmdljaa 295 24 horizon horizon NN work_i5jewootsnhvrcvfsugrmdljaa 295 25 economy economy NN work_i5jewootsnhvrcvfsugrmdljaa 295 26 do do VBP work_i5jewootsnhvrcvfsugrmdljaa 295 27 not not RB work_i5jewootsnhvrcvfsugrmdljaa 295 28 lead lead VB work_i5jewootsnhvrcvfsugrmdljaa 295 29 , , , work_i5jewootsnhvrcvfsugrmdljaa 295 30 on on IN work_i5jewootsnhvrcvfsugrmdljaa 295 31 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 295 32 own own JJ work_i5jewootsnhvrcvfsugrmdljaa 295 33 , , , work_i5jewootsnhvrcvfsugrmdljaa 295 34 to to IN work_i5jewootsnhvrcvfsugrmdljaa 295 35 different different JJ work_i5jewootsnhvrcvfsugrmdljaa 295 36 implications implication NNS work_i5jewootsnhvrcvfsugrmdljaa 295 37 of of IN work_i5jewootsnhvrcvfsugrmdljaa 295 38 the the DT work_i5jewootsnhvrcvfsugrmdljaa 295 39 two two CD work_i5jewootsnhvrcvfsugrmdljaa 295 40 models model NNS work_i5jewootsnhvrcvfsugrmdljaa 295 41 . . . work_i5jewootsnhvrcvfsugrmdljaa 296 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 296 2 infinite infinite JJ work_i5jewootsnhvrcvfsugrmdljaa 296 3 repetition repetition NN work_i5jewootsnhvrcvfsugrmdljaa 296 4 introduces introduce VBZ work_i5jewootsnhvrcvfsugrmdljaa 296 5 the the DT work_i5jewootsnhvrcvfsugrmdljaa 296 6 driving drive VBG work_i5jewootsnhvrcvfsugrmdljaa 296 7 force force NN work_i5jewootsnhvrcvfsugrmdljaa 296 8 of of IN work_i5jewootsnhvrcvfsugrmdljaa 296 9 diverse diverse JJ work_i5jewootsnhvrcvfsugrmdljaa 296 10 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 296 11 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 296 12 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 296 13 the the DT work_i5jewootsnhvrcvfsugrmdljaa 296 14 fact fact NN work_i5jewootsnhvrcvfsugrmdljaa 296 15 that that IN work_i5jewootsnhvrcvfsugrmdljaa 296 16 Π π CD work_i5jewootsnhvrcvfsugrmdljaa 296 17 , , , work_i5jewootsnhvrcvfsugrmdljaa 296 18 the the DT work_i5jewootsnhvrcvfsugrmdljaa 296 19 true true JJ work_i5jewootsnhvrcvfsugrmdljaa 296 20 probability probability NN work_i5jewootsnhvrcvfsugrmdljaa 296 21 of of IN work_i5jewootsnhvrcvfsugrmdljaa 296 22 the the DT work_i5jewootsnhvrcvfsugrmdljaa 296 23 process process NN work_i5jewootsnhvrcvfsugrmdljaa 296 24 { { -LRB- work_i5jewootsnhvrcvfsugrmdljaa 296 25 } } -RRB- work_i5jewootsnhvrcvfsugrmdljaa 296 26 , , , work_i5jewootsnhvrcvfsugrmdljaa 296 27 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 296 28 unknown unknown JJ work_i5jewootsnhvrcvfsugrmdljaa 296 29 . . . work_i5jewootsnhvrcvfsugrmdljaa 297 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 297 2 model model NN work_i5jewootsnhvrcvfsugrmdljaa 297 3 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 297 4 given give VBN work_i5jewootsnhvrcvfsugrmdljaa 297 5 an an DT work_i5jewootsnhvrcvfsugrmdljaa 297 6 economicQt economicQt NNP work_i5jewootsnhvrcvfsugrmdljaa 297 7 , , , work_i5jewootsnhvrcvfsugrmdljaa 297 8 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 297 9 ' ' POS work_i5jewootsnhvrcvfsugrmdljaa 297 10 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 297 11 , , , work_i5jewootsnhvrcvfsugrmdljaa 297 12 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 297 13 , , , work_i5jewootsnhvrcvfsugrmdljaa 297 14 . . . work_i5jewootsnhvrcvfsugrmdljaa 298 1 . . . work_i5jewootsnhvrcvfsugrmdljaa 299 1 . . . work_i5jewootsnhvrcvfsugrmdljaa 300 1 8 8 CD work_i5jewootsnhvrcvfsugrmdljaa 300 2 The the DT work_i5jewootsnhvrcvfsugrmdljaa 300 3 model model NN work_i5jewootsnhvrcvfsugrmdljaa 300 4 could could MD work_i5jewootsnhvrcvfsugrmdljaa 300 5 be be VB work_i5jewootsnhvrcvfsugrmdljaa 300 6 modified modify VBN work_i5jewootsnhvrcvfsugrmdljaa 300 7 to to IN work_i5jewootsnhvrcvfsugrmdljaa 300 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 300 9 more more JJR work_i5jewootsnhvrcvfsugrmdljaa 300 10 famialr famialr NNS work_i5jewootsnhvrcvfsugrmdljaa 300 11 form form VBP work_i5jewootsnhvrcvfsugrmdljaa 300 12 where where WRB work_i5jewootsnhvrcvfsugrmdljaa 300 13 { { -LRB- work_i5jewootsnhvrcvfsugrmdljaa 300 14 } } -RRB- work_i5jewootsnhvrcvfsugrmdljaa 300 15 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 300 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 300 17 usual usual JJ work_i5jewootsnhvrcvfsugrmdljaa 300 18 risky risky JJ work_i5jewootsnhvrcvfsugrmdljaa 300 19 dividends dividend NNS work_i5jewootsnhvrcvfsugrmdljaa 300 20 . . . work_i5jewootsnhvrcvfsugrmdljaa 301 1 InQt InQt NNP work_i5jewootsnhvrcvfsugrmdljaa 301 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 301 3 t t NN work_i5jewootsnhvrcvfsugrmdljaa 301 4 ' ' CD work_i5jewootsnhvrcvfsugrmdljaa 301 5 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 301 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 301 7 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 301 8 , , , work_i5jewootsnhvrcvfsugrmdljaa 301 9 . . . work_i5jewootsnhvrcvfsugrmdljaa 302 1 . . . work_i5jewootsnhvrcvfsugrmdljaa 303 1 . . . work_i5jewootsnhvrcvfsugrmdljaa 304 1 that that DT work_i5jewootsnhvrcvfsugrmdljaa 304 2 case case NN work_i5jewootsnhvrcvfsugrmdljaa 304 3 date date NNP work_i5jewootsnhvrcvfsugrmdljaa 304 4 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 304 5 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 304 6 buy buy VBP work_i5jewootsnhvrcvfsugrmdljaa 304 7 assets asset NNS work_i5jewootsnhvrcvfsugrmdljaa 304 8 at at IN work_i5jewootsnhvrcvfsugrmdljaa 304 9 date date NN work_i5jewootsnhvrcvfsugrmdljaa 304 10 t t NN work_i5jewootsnhvrcvfsugrmdljaa 304 11 and and CC work_i5jewootsnhvrcvfsugrmdljaa 304 12 at at IN work_i5jewootsnhvrcvfsugrmdljaa 304 13 date date NN work_i5jewootsnhvrcvfsugrmdljaa 304 14 t+1 t+1 NN work_i5jewootsnhvrcvfsugrmdljaa 304 15 . . . work_i5jewootsnhvrcvfsugrmdljaa 305 1 He -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 305 2 receives receive VBZ work_i5jewootsnhvrcvfsugrmdljaa 305 3 dividends dividend NNS work_i5jewootsnhvrcvfsugrmdljaa 305 4 and and CC work_i5jewootsnhvrcvfsugrmdljaa 305 5 for for IN work_i5jewootsnhvrcvfsugrmdljaa 305 6 investmentsD investmentsD NNP work_i5jewootsnhvrcvfsugrmdljaa 305 7 i1 i1 NN work_i5jewootsnhvrcvfsugrmdljaa 305 8 t t NN work_i5jewootsnhvrcvfsugrmdljaa 305 9 D D NNP work_i5jewootsnhvrcvfsugrmdljaa 305 10 i2 i2 NN work_i5jewootsnhvrcvfsugrmdljaa 305 11 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 305 12 Qt%1%μ qt%1%μ XX work_i5jewootsnhvrcvfsugrmdljaa 305 13 Qt%2%μ qt%2%μ CD work_i5jewootsnhvrcvfsugrmdljaa 305 14 made make VBN work_i5jewootsnhvrcvfsugrmdljaa 305 15 at at IN work_i5jewootsnhvrcvfsugrmdljaa 305 16 dates date NNS work_i5jewootsnhvrcvfsugrmdljaa 305 17 t t NN work_i5jewootsnhvrcvfsugrmdljaa 305 18 and and CC work_i5jewootsnhvrcvfsugrmdljaa 305 19 t+1 t+1 NN work_i5jewootsnhvrcvfsugrmdljaa 305 20 respectively respectively RB work_i5jewootsnhvrcvfsugrmdljaa 305 21 . . . work_i5jewootsnhvrcvfsugrmdljaa 306 1 Dividend dividend NN work_i5jewootsnhvrcvfsugrmdljaa 306 2 payments payment NNS work_i5jewootsnhvrcvfsugrmdljaa 306 3 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 306 4 paid pay VBN work_i5jewootsnhvrcvfsugrmdljaa 306 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 306 6 as as IN work_i5jewootsnhvrcvfsugrmdljaa 306 7 usual usual JJ work_i5jewootsnhvrcvfsugrmdljaa 306 8 , , , work_i5jewootsnhvrcvfsugrmdljaa 306 9 at at IN work_i5jewootsnhvrcvfsugrmdljaa 306 10 the the DT work_i5jewootsnhvrcvfsugrmdljaa 306 11 start start NN work_i5jewootsnhvrcvfsugrmdljaa 306 12 of of IN work_i5jewootsnhvrcvfsugrmdljaa 306 13 a a DT work_i5jewootsnhvrcvfsugrmdljaa 306 14 period period NN work_i5jewootsnhvrcvfsugrmdljaa 306 15 and and CC work_i5jewootsnhvrcvfsugrmdljaa 306 16 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 306 17 known know VBN work_i5jewootsnhvrcvfsugrmdljaa 306 18 at at IN work_i5jewootsnhvrcvfsugrmdljaa 306 19 the the DT work_i5jewootsnhvrcvfsugrmdljaa 306 20 time time NN work_i5jewootsnhvrcvfsugrmdljaa 306 21 of of IN work_i5jewootsnhvrcvfsugrmdljaa 306 22 trading trading NN work_i5jewootsnhvrcvfsugrmdljaa 306 23 . . . work_i5jewootsnhvrcvfsugrmdljaa 307 1 As as IN work_i5jewootsnhvrcvfsugrmdljaa 307 2 a a DT work_i5jewootsnhvrcvfsugrmdljaa 307 3 result result NN work_i5jewootsnhvrcvfsugrmdljaa 307 4 , , , work_i5jewootsnhvrcvfsugrmdljaa 307 5 date date NN work_i5jewootsnhvrcvfsugrmdljaa 307 6 t t NN work_i5jewootsnhvrcvfsugrmdljaa 307 7 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 307 8 retires retire VBZ work_i5jewootsnhvrcvfsugrmdljaa 307 9 at at IN work_i5jewootsnhvrcvfsugrmdljaa 307 10 the the DT work_i5jewootsnhvrcvfsugrmdljaa 307 11 start start NN work_i5jewootsnhvrcvfsugrmdljaa 307 12 of of IN work_i5jewootsnhvrcvfsugrmdljaa 307 13 date date NN work_i5jewootsnhvrcvfsugrmdljaa 307 14 t t NN work_i5jewootsnhvrcvfsugrmdljaa 307 15 +2 +2 NNP work_i5jewootsnhvrcvfsugrmdljaa 307 16 and and CC work_i5jewootsnhvrcvfsugrmdljaa 307 17 when when WRB work_i5jewootsnhvrcvfsugrmdljaa 307 18 he -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 307 19 liquidates liquidate VBZ work_i5jewootsnhvrcvfsugrmdljaa 307 20 his -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 307 21 position position NN work_i5jewootsnhvrcvfsugrmdljaa 307 22 by by IN work_i5jewootsnhvrcvfsugrmdljaa 307 23 selling sell VBG work_i5jewootsnhvrcvfsugrmdljaa 307 24 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 307 25 into into IN work_i5jewootsnhvrcvfsugrmdljaa 307 26 the the DT work_i5jewootsnhvrcvfsugrmdljaa 307 27 market market NN work_i5jewootsnhvrcvfsugrmdljaa 307 28 for for IN work_i5jewootsnhvrcvfsugrmdljaa 307 29 the the DT work_i5jewootsnhvrcvfsugrmdljaa 307 30 value value NN work_i5jewootsnhvrcvfsugrmdljaa 307 31 of of IN work_i5jewootsnhvrcvfsugrmdljaa 307 32 . . . work_i5jewootsnhvrcvfsugrmdljaa 308 1 Uncertainty uncertainty NN work_i5jewootsnhvrcvfsugrmdljaa 308 2 about about IN work_i5jewootsnhvrcvfsugrmdljaa 308 3 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 308 4 now now RB work_i5jewootsnhvrcvfsugrmdljaa 308 5 theW thew JJ work_i5jewootsnhvrcvfsugrmdljaa 308 6 it%2'D it%2'D NNP work_i5jewootsnhvrcvfsugrmdljaa 308 7 i1 i1 NNP work_i5jewootsnhvrcvfsugrmdljaa 308 8 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 308 9 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 308 10 pt%1%Qt%1%μ pt%1%Qt%1%μ NNP work_i5jewootsnhvrcvfsugrmdljaa 308 11 & & CC work_i5jewootsnhvrcvfsugrmdljaa 308 12 pt pt NNP work_i5jewootsnhvrcvfsugrmdljaa 308 13 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 308 14 % % NN work_i5jewootsnhvrcvfsugrmdljaa 308 15 D D NNP work_i5jewootsnhvrcvfsugrmdljaa 308 16 i2 i2 NN work_i5jewootsnhvrcvfsugrmdljaa 308 17 t%1 t%1 IN work_i5jewootsnhvrcvfsugrmdljaa 308 18 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 308 19 pt%2%Qt%2%μ pt%2%Qt%2%μ NNP work_i5jewootsnhvrcvfsugrmdljaa 308 20 & & CC work_i5jewootsnhvrcvfsugrmdljaa 308 21 pt%1 pt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 308 22 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 308 23 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 308 24 Qt%1 Qt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 308 25 , , , work_i5jewootsnhvrcvfsugrmdljaa 308 26 Qt%2 Qt%2 NNP work_i5jewootsnhvrcvfsugrmdljaa 308 27 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 308 28 uncertainty uncertainty NN work_i5jewootsnhvrcvfsugrmdljaa 308 29 about about IN work_i5jewootsnhvrcvfsugrmdljaa 308 30 profits profit NNS work_i5jewootsnhvrcvfsugrmdljaa 308 31 . . . work_i5jewootsnhvrcvfsugrmdljaa 309 1 Computing compute VBG work_i5jewootsnhvrcvfsugrmdljaa 309 2 the the DT work_i5jewootsnhvrcvfsugrmdljaa 309 3 implied imply VBN work_i5jewootsnhvrcvfsugrmdljaa 309 4 demand demand NN work_i5jewootsnhvrcvfsugrmdljaa 309 5 functions function NNS work_i5jewootsnhvrcvfsugrmdljaa 309 6 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 309 7 find find VBP work_i5jewootsnhvrcvfsugrmdljaa 309 8 that that IN work_i5jewootsnhvrcvfsugrmdljaa 309 9 they -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 309 10 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 309 11 slightly slightly RB work_i5jewootsnhvrcvfsugrmdljaa 309 12 different different JJ work_i5jewootsnhvrcvfsugrmdljaa 309 13 from from IN work_i5jewootsnhvrcvfsugrmdljaa 309 14 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 309 15 2a)-(2b 2a)-(2b CD work_i5jewootsnhvrcvfsugrmdljaa 309 16 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 309 17 . . . work_i5jewootsnhvrcvfsugrmdljaa 310 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 310 2 elected elect VBD work_i5jewootsnhvrcvfsugrmdljaa 310 3 to to TO work_i5jewootsnhvrcvfsugrmdljaa 310 4 stay stay VB work_i5jewootsnhvrcvfsugrmdljaa 310 5 with with IN work_i5jewootsnhvrcvfsugrmdljaa 310 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 310 7 problem problem NN work_i5jewootsnhvrcvfsugrmdljaa 310 8 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 310 9 7a)-(7b 7a)-(7b CD work_i5jewootsnhvrcvfsugrmdljaa 310 10 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 310 11 and and CC work_i5jewootsnhvrcvfsugrmdljaa 310 12 demand demand VB work_i5jewootsnhvrcvfsugrmdljaa 310 13 functions function NNS work_i5jewootsnhvrcvfsugrmdljaa 310 14 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 310 15 8a)-(8b 8a)-(8b CD work_i5jewootsnhvrcvfsugrmdljaa 310 16 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 310 17 , , , work_i5jewootsnhvrcvfsugrmdljaa 310 18 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 310 19 offer offer VBP work_i5jewootsnhvrcvfsugrmdljaa 310 20 an an DT work_i5jewootsnhvrcvfsugrmdljaa 310 21 entirely entirely RB work_i5jewootsnhvrcvfsugrmdljaa 310 22 reasonable reasonable JJ work_i5jewootsnhvrcvfsugrmdljaa 310 23 analytical analytical JJ work_i5jewootsnhvrcvfsugrmdljaa 310 24 platform platform NN work_i5jewootsnhvrcvfsugrmdljaa 310 25 with with IN work_i5jewootsnhvrcvfsugrmdljaa 310 26 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 310 27 to to TO work_i5jewootsnhvrcvfsugrmdljaa 310 28 carry carry VB work_i5jewootsnhvrcvfsugrmdljaa 310 29 out out RP work_i5jewootsnhvrcvfsugrmdljaa 310 30 the the DT work_i5jewootsnhvrcvfsugrmdljaa 310 31 comparison comparison NN work_i5jewootsnhvrcvfsugrmdljaa 310 32 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 310 33 seek seek VBP work_i5jewootsnhvrcvfsugrmdljaa 310 34 . . . work_i5jewootsnhvrcvfsugrmdljaa 311 1 16 16 CD work_i5jewootsnhvrcvfsugrmdljaa 311 2 interpretation interpretation NN work_i5jewootsnhvrcvfsugrmdljaa 311 3 via via IN work_i5jewootsnhvrcvfsugrmdljaa 311 4 a a DT work_i5jewootsnhvrcvfsugrmdljaa 311 5 collection collection NN work_i5jewootsnhvrcvfsugrmdljaa 311 6 of of IN work_i5jewootsnhvrcvfsugrmdljaa 311 7 real real JJ work_i5jewootsnhvrcvfsugrmdljaa 311 8 assets asset NNS work_i5jewootsnhvrcvfsugrmdljaa 311 9 , , , work_i5jewootsnhvrcvfsugrmdljaa 311 10 kept keep VBN work_i5jewootsnhvrcvfsugrmdljaa 311 11 in in IN work_i5jewootsnhvrcvfsugrmdljaa 311 12 the the DT work_i5jewootsnhvrcvfsugrmdljaa 311 13 background background NN work_i5jewootsnhvrcvfsugrmdljaa 311 14 . . . work_i5jewootsnhvrcvfsugrmdljaa 312 1 These these DT work_i5jewootsnhvrcvfsugrmdljaa 312 2 experience experience NN work_i5jewootsnhvrcvfsugrmdljaa 312 3 changes change VBZ work_i5jewootsnhvrcvfsugrmdljaa 312 4 in in IN work_i5jewootsnhvrcvfsugrmdljaa 312 5 innovation innovation NN work_i5jewootsnhvrcvfsugrmdljaa 312 6 and and CC work_i5jewootsnhvrcvfsugrmdljaa 312 7 organization organization NN work_i5jewootsnhvrcvfsugrmdljaa 312 8 so so CC work_i5jewootsnhvrcvfsugrmdljaa 312 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 312 10 time time NN work_i5jewootsnhvrcvfsugrmdljaa 312 11 variability variability NN work_i5jewootsnhvrcvfsugrmdljaa 312 12 of of IN work_i5jewootsnhvrcvfsugrmdljaa 312 13 the the DT work_i5jewootsnhvrcvfsugrmdljaa 312 14 mean mean JJ work_i5jewootsnhvrcvfsugrmdljaa 312 15 values value NNS work_i5jewootsnhvrcvfsugrmdljaa 312 16 of of IN work_i5jewootsnhvrcvfsugrmdljaa 312 17 { { -LRB- work_i5jewootsnhvrcvfsugrmdljaa 312 18 } } -RRB- work_i5jewootsnhvrcvfsugrmdljaa 312 19 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 312 20 driven drive VBN work_i5jewootsnhvrcvfsugrmdljaa 312 21 byQt byqt CD work_i5jewootsnhvrcvfsugrmdljaa 312 22 , , , work_i5jewootsnhvrcvfsugrmdljaa 312 23 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 312 24 ' ' POS work_i5jewootsnhvrcvfsugrmdljaa 312 25 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 312 26 , , , work_i5jewootsnhvrcvfsugrmdljaa 312 27 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 312 28 , , , work_i5jewootsnhvrcvfsugrmdljaa 312 29 . . . work_i5jewootsnhvrcvfsugrmdljaa 313 1 . . . work_i5jewootsnhvrcvfsugrmdljaa 314 1 . . . work_i5jewootsnhvrcvfsugrmdljaa 315 1 the the DT work_i5jewootsnhvrcvfsugrmdljaa 315 2 forces force NNS work_i5jewootsnhvrcvfsugrmdljaa 315 3 of of IN work_i5jewootsnhvrcvfsugrmdljaa 315 4 change change NN work_i5jewootsnhvrcvfsugrmdljaa 315 5 . . . work_i5jewootsnhvrcvfsugrmdljaa 316 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 316 2 terminal terminal JJ work_i5jewootsnhvrcvfsugrmdljaa 316 3 wealth wealth NN work_i5jewootsnhvrcvfsugrmdljaa 316 4 of of IN work_i5jewootsnhvrcvfsugrmdljaa 316 5 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 316 6 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 316 7 , , , work_i5jewootsnhvrcvfsugrmdljaa 316 8 who who WP work_i5jewootsnhvrcvfsugrmdljaa 316 9 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 316 10 initiated initiate VBN work_i5jewootsnhvrcvfsugrmdljaa 316 11 at at IN work_i5jewootsnhvrcvfsugrmdljaa 316 12 date date NN work_i5jewootsnhvrcvfsugrmdljaa 316 13 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 316 14 , , , work_i5jewootsnhvrcvfsugrmdljaa 316 15 depends depend VBZ work_i5jewootsnhvrcvfsugrmdljaa 316 16 upon upon IN work_i5jewootsnhvrcvfsugrmdljaa 316 17 . . . work_i5jewootsnhvrcvfsugrmdljaa 317 1 IfQt%1 IfQt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 317 2 he -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 317 3 does do VBZ work_i5jewootsnhvrcvfsugrmdljaa 317 4 not not RB work_i5jewootsnhvrcvfsugrmdljaa 317 5 trade trade VB work_i5jewootsnhvrcvfsugrmdljaa 317 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 317 7 his -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 317 8 terminal terminal JJ work_i5jewootsnhvrcvfsugrmdljaa 317 9 net net JJ work_i5jewootsnhvrcvfsugrmdljaa 317 10 wealth wealth NN work_i5jewootsnhvrcvfsugrmdljaa 317 11 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 317 12 . . . work_i5jewootsnhvrcvfsugrmdljaa 318 1 But but CC work_i5jewootsnhvrcvfsugrmdljaa 318 2 then then RB work_i5jewootsnhvrcvfsugrmdljaa 318 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 318 4 what what WP work_i5jewootsnhvrcvfsugrmdljaa 318 5 does do VBZ work_i5jewootsnhvrcvfsugrmdljaa 318 6 theW thew VB work_i5jewootsnhvrcvfsugrmdljaa 318 7 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 318 8 t%1 t%1 CC work_i5jewootsnhvrcvfsugrmdljaa 318 9 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 318 10 S S NNP work_i5jewootsnhvrcvfsugrmdljaa 318 11 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 318 12 t t XX work_i5jewootsnhvrcvfsugrmdljaa 318 13 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 318 14 Qt%1 Qt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 318 15 % % NNP work_i5jewootsnhvrcvfsugrmdljaa 318 16 μ μ NNP work_i5jewootsnhvrcvfsugrmdljaa 318 17 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 318 18 liquidation liquidation NN work_i5jewootsnhvrcvfsugrmdljaa 318 19 value value NN work_i5jewootsnhvrcvfsugrmdljaa 318 20 reflect reflect VB work_i5jewootsnhvrcvfsugrmdljaa 318 21 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 319 1 It -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 319 2 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 319 3 clear clear JJ work_i5jewootsnhvrcvfsugrmdljaa 319 4 this this DT work_i5jewootsnhvrcvfsugrmdljaa 319 5 value value NN work_i5jewootsnhvrcvfsugrmdljaa 319 6 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 319 7 a a DT work_i5jewootsnhvrcvfsugrmdljaa 319 8 compensation compensation NN work_i5jewootsnhvrcvfsugrmdljaa 319 9 for for IN work_i5jewootsnhvrcvfsugrmdljaa 319 10 taking take VBG work_i5jewootsnhvrcvfsugrmdljaa 319 11 risk risk NN work_i5jewootsnhvrcvfsugrmdljaa 319 12 associated associate VBN work_i5jewootsnhvrcvfsugrmdljaa 319 13 with with IN work_i5jewootsnhvrcvfsugrmdljaa 319 14 net net JJ work_i5jewootsnhvrcvfsugrmdljaa 319 15 profits profit NNS work_i5jewootsnhvrcvfsugrmdljaa 319 16 of of IN work_i5jewootsnhvrcvfsugrmdljaa 319 17 the the DT work_i5jewootsnhvrcvfsugrmdljaa 319 18 background background NN work_i5jewootsnhvrcvfsugrmdljaa 319 19 assets asset NNS work_i5jewootsnhvrcvfsugrmdljaa 319 20 and and CC work_i5jewootsnhvrcvfsugrmdljaa 319 21 results result NNS work_i5jewootsnhvrcvfsugrmdljaa 319 22 from from IN work_i5jewootsnhvrcvfsugrmdljaa 319 23 the the DT work_i5jewootsnhvrcvfsugrmdljaa 319 24 fact fact NN work_i5jewootsnhvrcvfsugrmdljaa 319 25 that that IN work_i5jewootsnhvrcvfsugrmdljaa 319 26 date date NN work_i5jewootsnhvrcvfsugrmdljaa 319 27 t t NN work_i5jewootsnhvrcvfsugrmdljaa 319 28 uncertainty uncertainty NN work_i5jewootsnhvrcvfsugrmdljaa 319 29 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 319 30 resolved resolve VBN work_i5jewootsnhvrcvfsugrmdljaa 319 31 only only RB work_i5jewootsnhvrcvfsugrmdljaa 319 32 after after IN work_i5jewootsnhvrcvfsugrmdljaa 319 33 date date NN work_i5jewootsnhvrcvfsugrmdljaa 319 34 t t NN work_i5jewootsnhvrcvfsugrmdljaa 319 35 trading trading NN work_i5jewootsnhvrcvfsugrmdljaa 319 36 . . . work_i5jewootsnhvrcvfsugrmdljaa 320 1 Risk risk NN work_i5jewootsnhvrcvfsugrmdljaa 320 2 taking taking NN work_i5jewootsnhvrcvfsugrmdljaa 320 3 of of IN work_i5jewootsnhvrcvfsugrmdljaa 320 4 this this DT work_i5jewootsnhvrcvfsugrmdljaa 320 5 sort sort NN work_i5jewootsnhvrcvfsugrmdljaa 320 6 takes take VBZ work_i5jewootsnhvrcvfsugrmdljaa 320 7 place place NN work_i5jewootsnhvrcvfsugrmdljaa 320 8 in in IN work_i5jewootsnhvrcvfsugrmdljaa 320 9 diverse diverse JJ work_i5jewootsnhvrcvfsugrmdljaa 320 10 sectors sector NNS work_i5jewootsnhvrcvfsugrmdljaa 320 11 such such JJ work_i5jewootsnhvrcvfsugrmdljaa 320 12 as as IN work_i5jewootsnhvrcvfsugrmdljaa 320 13 agriculture agriculture NN work_i5jewootsnhvrcvfsugrmdljaa 320 14 , , , work_i5jewootsnhvrcvfsugrmdljaa 320 15 mining mining NN work_i5jewootsnhvrcvfsugrmdljaa 320 16 , , , work_i5jewootsnhvrcvfsugrmdljaa 320 17 oil oil NN work_i5jewootsnhvrcvfsugrmdljaa 320 18 extraction extraction NN work_i5jewootsnhvrcvfsugrmdljaa 320 19 , , , work_i5jewootsnhvrcvfsugrmdljaa 320 20 real real JJ work_i5jewootsnhvrcvfsugrmdljaa 320 21 estate estate NN work_i5jewootsnhvrcvfsugrmdljaa 320 22 and and CC work_i5jewootsnhvrcvfsugrmdljaa 320 23 others other NNS work_i5jewootsnhvrcvfsugrmdljaa 320 24 . . . work_i5jewootsnhvrcvfsugrmdljaa 321 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 321 2 these these DT work_i5jewootsnhvrcvfsugrmdljaa 321 3 arrangement arrangement NN work_i5jewootsnhvrcvfsugrmdljaa 321 4 an an DT work_i5jewootsnhvrcvfsugrmdljaa 321 5 investor investor NN work_i5jewootsnhvrcvfsugrmdljaa 321 6 buys buy VBZ work_i5jewootsnhvrcvfsugrmdljaa 321 7 an an DT work_i5jewootsnhvrcvfsugrmdljaa 321 8 equity equity NN work_i5jewootsnhvrcvfsugrmdljaa 321 9 position position NN work_i5jewootsnhvrcvfsugrmdljaa 321 10 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 321 11 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 321 12 tradable tradable JJ work_i5jewootsnhvrcvfsugrmdljaa 321 13 . . . work_i5jewootsnhvrcvfsugrmdljaa 322 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 322 2 capital capital NN work_i5jewootsnhvrcvfsugrmdljaa 322 3 in in IN work_i5jewootsnhvrcvfsugrmdljaa 322 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 322 5 venture venture NN work_i5jewootsnhvrcvfsugrmdljaa 322 6 typically typically RB work_i5jewootsnhvrcvfsugrmdljaa 322 7 consists consist VBZ work_i5jewootsnhvrcvfsugrmdljaa 322 8 of of IN work_i5jewootsnhvrcvfsugrmdljaa 322 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 322 10 cumulative cumulative JJ work_i5jewootsnhvrcvfsugrmdljaa 322 11 net net JJ work_i5jewootsnhvrcvfsugrmdljaa 322 12 output output NN work_i5jewootsnhvrcvfsugrmdljaa 322 13 of of IN work_i5jewootsnhvrcvfsugrmdljaa 322 14 the the DT work_i5jewootsnhvrcvfsugrmdljaa 322 15 venture venture NN work_i5jewootsnhvrcvfsugrmdljaa 322 16 . . . work_i5jewootsnhvrcvfsugrmdljaa 323 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 323 2 agriculture agriculture NN work_i5jewootsnhvrcvfsugrmdljaa 323 3 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 323 4 may may MD work_i5jewootsnhvrcvfsugrmdljaa 323 5 be be VB work_i5jewootsnhvrcvfsugrmdljaa 323 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 323 7 grain grain NN work_i5jewootsnhvrcvfsugrmdljaa 323 8 produced produce VBN work_i5jewootsnhvrcvfsugrmdljaa 323 9 at at IN work_i5jewootsnhvrcvfsugrmdljaa 323 10 the the DT work_i5jewootsnhvrcvfsugrmdljaa 323 11 risky risky JJ work_i5jewootsnhvrcvfsugrmdljaa 323 12 harvest harvest NN work_i5jewootsnhvrcvfsugrmdljaa 323 13 , , , work_i5jewootsnhvrcvfsugrmdljaa 323 14 in in IN work_i5jewootsnhvrcvfsugrmdljaa 323 15 oil oil NN work_i5jewootsnhvrcvfsugrmdljaa 323 16 extraction extraction NN work_i5jewootsnhvrcvfsugrmdljaa 323 17 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 323 18 may may MD work_i5jewootsnhvrcvfsugrmdljaa 323 19 be be VB work_i5jewootsnhvrcvfsugrmdljaa 323 20 oil oil NN work_i5jewootsnhvrcvfsugrmdljaa 323 21 discoveries discovery NNS work_i5jewootsnhvrcvfsugrmdljaa 323 22 , , , work_i5jewootsnhvrcvfsugrmdljaa 323 23 in in IN work_i5jewootsnhvrcvfsugrmdljaa 323 24 mining mine VBG work_i5jewootsnhvrcvfsugrmdljaa 323 25 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 323 26 may may MD work_i5jewootsnhvrcvfsugrmdljaa 323 27 be be VB work_i5jewootsnhvrcvfsugrmdljaa 323 28 minerals mineral NNS work_i5jewootsnhvrcvfsugrmdljaa 323 29 discovered discover VBN work_i5jewootsnhvrcvfsugrmdljaa 323 30 , , , work_i5jewootsnhvrcvfsugrmdljaa 323 31 in in IN work_i5jewootsnhvrcvfsugrmdljaa 323 32 venture venture NN work_i5jewootsnhvrcvfsugrmdljaa 323 33 capital capital NN work_i5jewootsnhvrcvfsugrmdljaa 323 34 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 323 35 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 323 36 the the DT work_i5jewootsnhvrcvfsugrmdljaa 323 37 realized realized JJ work_i5jewootsnhvrcvfsugrmdljaa 323 38 valuation valuation NN work_i5jewootsnhvrcvfsugrmdljaa 323 39 at at IN work_i5jewootsnhvrcvfsugrmdljaa 323 40 the the DT work_i5jewootsnhvrcvfsugrmdljaa 323 41 public public JJ work_i5jewootsnhvrcvfsugrmdljaa 323 42 offering offering NN work_i5jewootsnhvrcvfsugrmdljaa 323 43 . . . work_i5jewootsnhvrcvfsugrmdljaa 324 1 Thus thus RB work_i5jewootsnhvrcvfsugrmdljaa 324 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 324 3 ownership ownership NN work_i5jewootsnhvrcvfsugrmdljaa 324 4 shares share NNS work_i5jewootsnhvrcvfsugrmdljaa 324 5 allow allow VBP work_i5jewootsnhvrcvfsugrmdljaa 324 6 risk risk NN work_i5jewootsnhvrcvfsugrmdljaa 324 7 sharing sharing NN work_i5jewootsnhvrcvfsugrmdljaa 324 8 of of IN work_i5jewootsnhvrcvfsugrmdljaa 324 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 324 10 prospects prospect NNS work_i5jewootsnhvrcvfsugrmdljaa 324 11 involved involve VBN work_i5jewootsnhvrcvfsugrmdljaa 324 12 and and CC work_i5jewootsnhvrcvfsugrmdljaa 324 13 liquidation liquidation NN work_i5jewootsnhvrcvfsugrmdljaa 324 14 by by IN work_i5jewootsnhvrcvfsugrmdljaa 324 15 the the DT work_i5jewootsnhvrcvfsugrmdljaa 324 16 retiring retire VBG work_i5jewootsnhvrcvfsugrmdljaa 324 17 members member NNS work_i5jewootsnhvrcvfsugrmdljaa 324 18 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 324 19 permitted permit VBN work_i5jewootsnhvrcvfsugrmdljaa 324 20 when when WRB work_i5jewootsnhvrcvfsugrmdljaa 324 21 the the DT work_i5jewootsnhvrcvfsugrmdljaa 324 22 outcome outcome NN work_i5jewootsnhvrcvfsugrmdljaa 324 23 of of IN work_i5jewootsnhvrcvfsugrmdljaa 324 24 date date NN work_i5jewootsnhvrcvfsugrmdljaa 324 25 t t NN work_i5jewootsnhvrcvfsugrmdljaa 324 26 venture venture NN work_i5jewootsnhvrcvfsugrmdljaa 324 27 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 324 28 known know VBN work_i5jewootsnhvrcvfsugrmdljaa 324 29 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 324 30 i.e. i.e. FW work_i5jewootsnhvrcvfsugrmdljaa 325 1 size size NN work_i5jewootsnhvrcvfsugrmdljaa 325 2 of of IN work_i5jewootsnhvrcvfsugrmdljaa 325 3 crops crop NNS work_i5jewootsnhvrcvfsugrmdljaa 325 4 , , , work_i5jewootsnhvrcvfsugrmdljaa 325 5 amount amount NN work_i5jewootsnhvrcvfsugrmdljaa 325 6 of of IN work_i5jewootsnhvrcvfsugrmdljaa 325 7 oil oil NN work_i5jewootsnhvrcvfsugrmdljaa 325 8 found find VBN work_i5jewootsnhvrcvfsugrmdljaa 325 9 , , , work_i5jewootsnhvrcvfsugrmdljaa 325 10 outcome outcome NN work_i5jewootsnhvrcvfsugrmdljaa 325 11 of of IN work_i5jewootsnhvrcvfsugrmdljaa 325 12 a a DT work_i5jewootsnhvrcvfsugrmdljaa 325 13 venture venture NN work_i5jewootsnhvrcvfsugrmdljaa 325 14 capital capital NN work_i5jewootsnhvrcvfsugrmdljaa 325 15 project project NN work_i5jewootsnhvrcvfsugrmdljaa 325 16 , , , work_i5jewootsnhvrcvfsugrmdljaa 325 17 etc etc FW work_i5jewootsnhvrcvfsugrmdljaa 325 18 . . . work_i5jewootsnhvrcvfsugrmdljaa 325 19 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 325 20 . . . work_i5jewootsnhvrcvfsugrmdljaa 326 1 More more RBR work_i5jewootsnhvrcvfsugrmdljaa 326 2 generally generally RB work_i5jewootsnhvrcvfsugrmdljaa 326 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 326 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 326 5 market market NN work_i5jewootsnhvrcvfsugrmdljaa 326 6 price price NN work_i5jewootsnhvrcvfsugrmdljaa 326 7 reflects reflect VBZ work_i5jewootsnhvrcvfsugrmdljaa 326 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 326 9 valuation valuation NN work_i5jewootsnhvrcvfsugrmdljaa 326 10 of of IN work_i5jewootsnhvrcvfsugrmdljaa 326 11 the the DT work_i5jewootsnhvrcvfsugrmdljaa 326 12 risky risky JJ work_i5jewootsnhvrcvfsugrmdljaa 326 13 prospect prospect NN work_i5jewootsnhvrcvfsugrmdljaa 326 14 while while IN work_i5jewootsnhvrcvfsugrmdljaa 326 15 the the DT work_i5jewootsnhvrcvfsugrmdljaa 326 16 liquidation liquidation NN work_i5jewootsnhvrcvfsugrmdljaa 326 17 value value NN work_i5jewootsnhvrcvfsugrmdljaa 326 18 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 326 19 the the DT work_i5jewootsnhvrcvfsugrmdljaa 326 20 known known JJ work_i5jewootsnhvrcvfsugrmdljaa 326 21 benefit benefit NN work_i5jewootsnhvrcvfsugrmdljaa 326 22 of of IN work_i5jewootsnhvrcvfsugrmdljaa 326 23 the the DT work_i5jewootsnhvrcvfsugrmdljaa 326 24 venture venture NN work_i5jewootsnhvrcvfsugrmdljaa 326 25 when when WRB work_i5jewootsnhvrcvfsugrmdljaa 326 26 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 326 27 matures mature VBZ work_i5jewootsnhvrcvfsugrmdljaa 326 28 . . . work_i5jewootsnhvrcvfsugrmdljaa 327 1 When when WRB work_i5jewootsnhvrcvfsugrmdljaa 327 2 trading trading NN work_i5jewootsnhvrcvfsugrmdljaa 327 3 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 327 4 resumed resume VBN work_i5jewootsnhvrcvfsugrmdljaa 327 5 at at IN work_i5jewootsnhvrcvfsugrmdljaa 327 6 date date NN work_i5jewootsnhvrcvfsugrmdljaa 327 7 t+1 t+1 NN work_i5jewootsnhvrcvfsugrmdljaa 327 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 327 9 venture venture NN work_i5jewootsnhvrcvfsugrmdljaa 327 10 continues continue VBZ work_i5jewootsnhvrcvfsugrmdljaa 327 11 into into IN work_i5jewootsnhvrcvfsugrmdljaa 327 12 its -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 327 13 next next JJ work_i5jewootsnhvrcvfsugrmdljaa 327 14 phase phase NN work_i5jewootsnhvrcvfsugrmdljaa 327 15 with with IN work_i5jewootsnhvrcvfsugrmdljaa 327 16 new new JJ work_i5jewootsnhvrcvfsugrmdljaa 327 17 activity activity NN work_i5jewootsnhvrcvfsugrmdljaa 327 18 , , , work_i5jewootsnhvrcvfsugrmdljaa 327 19 new new JJ work_i5jewootsnhvrcvfsugrmdljaa 327 20 members member NNS work_i5jewootsnhvrcvfsugrmdljaa 327 21 and and CC work_i5jewootsnhvrcvfsugrmdljaa 327 22 a a DT work_i5jewootsnhvrcvfsugrmdljaa 327 23 new new JJ work_i5jewootsnhvrcvfsugrmdljaa 327 24 true true JJ work_i5jewootsnhvrcvfsugrmdljaa 327 25 value value NN work_i5jewootsnhvrcvfsugrmdljaa 327 26 that that WDT work_i5jewootsnhvrcvfsugrmdljaa 327 27 will will MD work_i5jewootsnhvrcvfsugrmdljaa 327 28 become become VB work_i5jewootsnhvrcvfsugrmdljaa 327 29 known know VBN work_i5jewootsnhvrcvfsugrmdljaa 327 30 after after IN work_i5jewootsnhvrcvfsugrmdljaa 327 31 trading trading NN work_i5jewootsnhvrcvfsugrmdljaa 327 32 . . . work_i5jewootsnhvrcvfsugrmdljaa 328 1 This this DT work_i5jewootsnhvrcvfsugrmdljaa 328 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 328 3 of of IN work_i5jewootsnhvrcvfsugrmdljaa 328 4 course course NN work_i5jewootsnhvrcvfsugrmdljaa 328 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 328 6 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 328 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 328 8 assumption assumption NN work_i5jewootsnhvrcvfsugrmdljaa 328 9 made make VBN work_i5jewootsnhvrcvfsugrmdljaa 328 10 in in IN work_i5jewootsnhvrcvfsugrmdljaa 328 11 the the DT work_i5jewootsnhvrcvfsugrmdljaa 328 12 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 328 13 model model NN work_i5jewootsnhvrcvfsugrmdljaa 328 14 and and CC work_i5jewootsnhvrcvfsugrmdljaa 328 15 since since IN work_i5jewootsnhvrcvfsugrmdljaa 328 16 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 328 17 want want VBP work_i5jewootsnhvrcvfsugrmdljaa 328 18 the the DT work_i5jewootsnhvrcvfsugrmdljaa 328 19 demand demand NN work_i5jewootsnhvrcvfsugrmdljaa 328 20 functions function NNS work_i5jewootsnhvrcvfsugrmdljaa 328 21 of of IN work_i5jewootsnhvrcvfsugrmdljaa 328 22 the the DT work_i5jewootsnhvrcvfsugrmdljaa 328 23 two two CD work_i5jewootsnhvrcvfsugrmdljaa 328 24 models model NNS work_i5jewootsnhvrcvfsugrmdljaa 328 25 to to TO work_i5jewootsnhvrcvfsugrmdljaa 328 26 be be VB work_i5jewootsnhvrcvfsugrmdljaa 328 27 identically identically RB work_i5jewootsnhvrcvfsugrmdljaa 328 28 the the DT work_i5jewootsnhvrcvfsugrmdljaa 328 29 same same JJ work_i5jewootsnhvrcvfsugrmdljaa 328 30 , , , work_i5jewootsnhvrcvfsugrmdljaa 328 31 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 328 32 must must MD work_i5jewootsnhvrcvfsugrmdljaa 328 33 adopt adopt VB work_i5jewootsnhvrcvfsugrmdljaa 328 34 this this DT work_i5jewootsnhvrcvfsugrmdljaa 328 35 same same JJ work_i5jewootsnhvrcvfsugrmdljaa 328 36 concept concept NN work_i5jewootsnhvrcvfsugrmdljaa 328 37 as as IN work_i5jewootsnhvrcvfsugrmdljaa 328 38 well.8 well.8 NN work_i5jewootsnhvrcvfsugrmdljaa 328 39 In in IN work_i5jewootsnhvrcvfsugrmdljaa 328 40 the the DT work_i5jewootsnhvrcvfsugrmdljaa 328 41 next next JJ work_i5jewootsnhvrcvfsugrmdljaa 328 42 section section NN work_i5jewootsnhvrcvfsugrmdljaa 328 43 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 328 44 model model VBP work_i5jewootsnhvrcvfsugrmdljaa 328 45 the the DT work_i5jewootsnhvrcvfsugrmdljaa 328 46 structure structure NN work_i5jewootsnhvrcvfsugrmdljaa 328 47 of of IN work_i5jewootsnhvrcvfsugrmdljaa 328 48 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 328 49 ’ ’ POS work_i5jewootsnhvrcvfsugrmdljaa 328 50 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 328 51 , , , work_i5jewootsnhvrcvfsugrmdljaa 328 52 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 328 53 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 328 54 central central JJ work_i5jewootsnhvrcvfsugrmdljaa 328 55 to to IN work_i5jewootsnhvrcvfsugrmdljaa 328 56 this this DT work_i5jewootsnhvrcvfsugrmdljaa 328 57 paper paper NN work_i5jewootsnhvrcvfsugrmdljaa 328 58 . . . work_i5jewootsnhvrcvfsugrmdljaa 329 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 329 2 have have VBP work_i5jewootsnhvrcvfsugrmdljaa 329 3 stressed stress VBN work_i5jewootsnhvrcvfsugrmdljaa 329 4 that that IN work_i5jewootsnhvrcvfsugrmdljaa 329 5 disagreements disagreement NNS work_i5jewootsnhvrcvfsugrmdljaa 329 6 arise arise VBP work_i5jewootsnhvrcvfsugrmdljaa 329 7 from from IN work_i5jewootsnhvrcvfsugrmdljaa 329 8 diverse diverse JJ work_i5jewootsnhvrcvfsugrmdljaa 329 9 interpretation interpretation NN work_i5jewootsnhvrcvfsugrmdljaa 329 10 of of IN work_i5jewootsnhvrcvfsugrmdljaa 329 11 the the DT work_i5jewootsnhvrcvfsugrmdljaa 329 12 same same JJ work_i5jewootsnhvrcvfsugrmdljaa 329 13 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 329 14 record record NN work_i5jewootsnhvrcvfsugrmdljaa 329 15 . . . work_i5jewootsnhvrcvfsugrmdljaa 330 1 Thus thus RB work_i5jewootsnhvrcvfsugrmdljaa 330 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 330 3 to to TO work_i5jewootsnhvrcvfsugrmdljaa 330 4 conclude conclude VB work_i5jewootsnhvrcvfsugrmdljaa 330 5 this this DT work_i5jewootsnhvrcvfsugrmdljaa 330 6 section section NN work_i5jewootsnhvrcvfsugrmdljaa 330 7 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 330 8 make make VBP work_i5jewootsnhvrcvfsugrmdljaa 330 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 330 10 simple simple JJ work_i5jewootsnhvrcvfsugrmdljaa 330 11 assumption assumption NN work_i5jewootsnhvrcvfsugrmdljaa 330 12 that that IN work_i5jewootsnhvrcvfsugrmdljaa 330 13 the the DT work_i5jewootsnhvrcvfsugrmdljaa 330 14 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 330 15 frequencies frequency NNS work_i5jewootsnhvrcvfsugrmdljaa 330 16 of of IN work_i5jewootsnhvrcvfsugrmdljaa 330 17 recorded record VBN work_i5jewootsnhvrcvfsugrmdljaa 330 18 past past JJ work_i5jewootsnhvrcvfsugrmdljaa 330 19 values value NNS work_i5jewootsnhvrcvfsugrmdljaa 330 20 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 330 21 known know VBN work_i5jewootsnhvrcvfsugrmdljaa 330 22 by by IN work_i5jewootsnhvrcvfsugrmdljaa 330 23 all all DT work_i5jewootsnhvrcvfsugrmdljaa 330 24 to to TO work_i5jewootsnhvrcvfsugrmdljaa 330 25 imply imply VB work_i5jewootsnhvrcvfsugrmdljaa 330 26 a a DT work_i5jewootsnhvrcvfsugrmdljaa 330 27 first first JJ work_i5jewootsnhvrcvfsugrmdljaa 330 28 order order NN work_i5jewootsnhvrcvfsugrmdljaa 330 29 Markov Markov NNP work_i5jewootsnhvrcvfsugrmdljaa 330 30 process process NN work_i5jewootsnhvrcvfsugrmdljaa 330 31 described describe VBN work_i5jewootsnhvrcvfsugrmdljaa 330 32 by by IN work_i5jewootsnhvrcvfsugrmdljaa 330 33 a a DT work_i5jewootsnhvrcvfsugrmdljaa 330 34 stationary stationary JJ work_i5jewootsnhvrcvfsugrmdljaa 330 35 transition transition NN work_i5jewootsnhvrcvfsugrmdljaa 330 36 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 330 37 9 9 CD work_i5jewootsnhvrcvfsugrmdljaa 330 38 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 330 39 .Qt .Qt . work_i5jewootsnhvrcvfsugrmdljaa 330 40 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 330 41 λQ λQ NNP work_i5jewootsnhvrcvfsugrmdljaa 330 42 Qt&1 qt&1 NN work_i5jewootsnhvrcvfsugrmdljaa 330 43 % % NN work_i5jewootsnhvrcvfsugrmdljaa 330 44 ρ ρ IN work_i5jewootsnhvrcvfsugrmdljaa 330 45 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 330 46 t t NN work_i5jewootsnhvrcvfsugrmdljaa 330 47 , , , work_i5jewootsnhvrcvfsugrmdljaa 330 48 ρ ρ NNP work_i5jewootsnhvrcvfsugrmdljaa 330 49 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 330 50 t t NN work_i5jewootsnhvrcvfsugrmdljaa 330 51 - - HYPH work_i5jewootsnhvrcvfsugrmdljaa 330 52 N n NN work_i5jewootsnhvrcvfsugrmdljaa 330 53 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 330 54 0 0 NFP work_i5jewootsnhvrcvfsugrmdljaa 330 55 , , , work_i5jewootsnhvrcvfsugrmdljaa 330 56 σ σ NN work_i5jewootsnhvrcvfsugrmdljaa 330 57 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 330 58 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 330 59 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 330 60 17 17 CD work_i5jewootsnhvrcvfsugrmdljaa 330 61 Since since IN work_i5jewootsnhvrcvfsugrmdljaa 330 62 the the DT work_i5jewootsnhvrcvfsugrmdljaa 330 63 implied imply VBN work_i5jewootsnhvrcvfsugrmdljaa 330 64 stationary stationary JJ work_i5jewootsnhvrcvfsugrmdljaa 330 65 probability probability NN work_i5jewootsnhvrcvfsugrmdljaa 330 66 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 330 67 denoted denote VBN work_i5jewootsnhvrcvfsugrmdljaa 330 68 by by IN work_i5jewootsnhvrcvfsugrmdljaa 330 69 m m NN work_i5jewootsnhvrcvfsugrmdljaa 330 70 , , , work_i5jewootsnhvrcvfsugrmdljaa 330 71 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 330 72 write write VBP work_i5jewootsnhvrcvfsugrmdljaa 330 73 .E .E . work_i5jewootsnhvrcvfsugrmdljaa 330 74 m[Qt m[Qt NNP work_i5jewootsnhvrcvfsugrmdljaa 330 75 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 330 76 Qt&1 Qt&1 NNP work_i5jewootsnhvrcvfsugrmdljaa 330 77 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 330 78 ' ' `` work_i5jewootsnhvrcvfsugrmdljaa 330 79 λQ λQ NNP work_i5jewootsnhvrcvfsugrmdljaa 330 80 Qt&1 qt&1 NN work_i5jewootsnhvrcvfsugrmdljaa 330 81 Is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 330 82 the the DT work_i5jewootsnhvrcvfsugrmdljaa 330 83 stationary stationary JJ work_i5jewootsnhvrcvfsugrmdljaa 330 84 model model NN work_i5jewootsnhvrcvfsugrmdljaa 330 85 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 330 86 9 9 CD work_i5jewootsnhvrcvfsugrmdljaa 330 87 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 330 88 with with IN work_i5jewootsnhvrcvfsugrmdljaa 330 89 probability probability NN work_i5jewootsnhvrcvfsugrmdljaa 330 90 m m NNP work_i5jewootsnhvrcvfsugrmdljaa 330 91 the the DT work_i5jewootsnhvrcvfsugrmdljaa 330 92 true true JJ work_i5jewootsnhvrcvfsugrmdljaa 330 93 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 330 94 generating generate VBG work_i5jewootsnhvrcvfsugrmdljaa 330 95 mechanism mechanism NN work_i5jewootsnhvrcvfsugrmdljaa 330 96 and and CC work_i5jewootsnhvrcvfsugrmdljaa 330 97 hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 330 98 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 330 99 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 330 100 the the DT work_i5jewootsnhvrcvfsugrmdljaa 330 101 case case NN work_i5jewootsnhvrcvfsugrmdljaa 330 102 that that WDT work_i5jewootsnhvrcvfsugrmdljaa 330 103 m m NNP work_i5jewootsnhvrcvfsugrmdljaa 330 104 = = SYM work_i5jewootsnhvrcvfsugrmdljaa 330 105 Π π NN work_i5jewootsnhvrcvfsugrmdljaa 330 106 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 331 1 If if IN work_i5jewootsnhvrcvfsugrmdljaa 331 2 the the DT work_i5jewootsnhvrcvfsugrmdljaa 331 3 environment environment NN work_i5jewootsnhvrcvfsugrmdljaa 331 4 was be VBD work_i5jewootsnhvrcvfsugrmdljaa 331 5 stationary stationary JJ work_i5jewootsnhvrcvfsugrmdljaa 331 6 and and CC work_i5jewootsnhvrcvfsugrmdljaa 331 7 if if IN work_i5jewootsnhvrcvfsugrmdljaa 331 8 all all DT work_i5jewootsnhvrcvfsugrmdljaa 331 9 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 331 10 knew know VBD work_i5jewootsnhvrcvfsugrmdljaa 331 11 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 331 12 was be VBD work_i5jewootsnhvrcvfsugrmdljaa 331 13 stationary stationary JJ work_i5jewootsnhvrcvfsugrmdljaa 331 14 , , , work_i5jewootsnhvrcvfsugrmdljaa 331 15 the the DT work_i5jewootsnhvrcvfsugrmdljaa 331 16 Ergodic Ergodic NNP work_i5jewootsnhvrcvfsugrmdljaa 331 17 Theorem Theorem NNP work_i5jewootsnhvrcvfsugrmdljaa 331 18 says say VBZ work_i5jewootsnhvrcvfsugrmdljaa 331 19 that that IN work_i5jewootsnhvrcvfsugrmdljaa 331 20 all all DT work_i5jewootsnhvrcvfsugrmdljaa 331 21 would would MD work_i5jewootsnhvrcvfsugrmdljaa 331 22 know know VB work_i5jewootsnhvrcvfsugrmdljaa 331 23 the the DT work_i5jewootsnhvrcvfsugrmdljaa 331 24 true true JJ work_i5jewootsnhvrcvfsugrmdljaa 331 25 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 331 26 generating generate VBG work_i5jewootsnhvrcvfsugrmdljaa 331 27 process process NN work_i5jewootsnhvrcvfsugrmdljaa 331 28 . . . work_i5jewootsnhvrcvfsugrmdljaa 332 1 Indeed indeed RB work_i5jewootsnhvrcvfsugrmdljaa 332 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 332 3 in in IN work_i5jewootsnhvrcvfsugrmdljaa 332 4 that that DT work_i5jewootsnhvrcvfsugrmdljaa 332 5 case case NN work_i5jewootsnhvrcvfsugrmdljaa 332 6 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 332 7 would would MD work_i5jewootsnhvrcvfsugrmdljaa 332 8 be be VB work_i5jewootsnhvrcvfsugrmdljaa 332 9 common common JJ work_i5jewootsnhvrcvfsugrmdljaa 332 10 knowledge knowledge NN work_i5jewootsnhvrcvfsugrmdljaa 332 11 that that WDT work_i5jewootsnhvrcvfsugrmdljaa 332 12 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 332 13 9 9 CD work_i5jewootsnhvrcvfsugrmdljaa 332 14 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 332 15 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 332 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 332 17 truth truth NN work_i5jewootsnhvrcvfsugrmdljaa 332 18 . . . work_i5jewootsnhvrcvfsugrmdljaa 333 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 333 2 reality reality NN work_i5jewootsnhvrcvfsugrmdljaa 333 3 such such JJ work_i5jewootsnhvrcvfsugrmdljaa 333 4 conditions condition NNS work_i5jewootsnhvrcvfsugrmdljaa 333 5 do do VBP work_i5jewootsnhvrcvfsugrmdljaa 333 6 not not RB work_i5jewootsnhvrcvfsugrmdljaa 333 7 hold hold VB work_i5jewootsnhvrcvfsugrmdljaa 333 8 . . . work_i5jewootsnhvrcvfsugrmdljaa 334 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 334 2 economy economy NN work_i5jewootsnhvrcvfsugrmdljaa 334 3 undergoes undergo VBZ work_i5jewootsnhvrcvfsugrmdljaa 334 4 rapid rapid JJ work_i5jewootsnhvrcvfsugrmdljaa 334 5 changes change NNS work_i5jewootsnhvrcvfsugrmdljaa 334 6 with with IN work_i5jewootsnhvrcvfsugrmdljaa 334 7 structural structural JJ work_i5jewootsnhvrcvfsugrmdljaa 334 8 breaks break NNS work_i5jewootsnhvrcvfsugrmdljaa 334 9 associated associate VBN work_i5jewootsnhvrcvfsugrmdljaa 334 10 with with IN work_i5jewootsnhvrcvfsugrmdljaa 334 11 periods period NNS work_i5jewootsnhvrcvfsugrmdljaa 334 12 of of IN work_i5jewootsnhvrcvfsugrmdljaa 334 13 high high JJ work_i5jewootsnhvrcvfsugrmdljaa 334 14 or or CC work_i5jewootsnhvrcvfsugrmdljaa 334 15 low low JJ work_i5jewootsnhvrcvfsugrmdljaa 334 16 productivity productivity NN work_i5jewootsnhvrcvfsugrmdljaa 334 17 . . . work_i5jewootsnhvrcvfsugrmdljaa 335 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 335 2 process process NN work_i5jewootsnhvrcvfsugrmdljaa 335 3 { { -LRB- work_i5jewootsnhvrcvfsugrmdljaa 335 4 } } -RRB- work_i5jewootsnhvrcvfsugrmdljaa 335 5 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 335 6 then then RB work_i5jewootsnhvrcvfsugrmdljaa 335 7 non non JJ work_i5jewootsnhvrcvfsugrmdljaa 335 8 - - JJ work_i5jewootsnhvrcvfsugrmdljaa 335 9 stationary stationary JJ work_i5jewootsnhvrcvfsugrmdljaa 335 10 under under IN work_i5jewootsnhvrcvfsugrmdljaa 335 11 the the DT work_i5jewootsnhvrcvfsugrmdljaa 335 12 true true JJ work_i5jewootsnhvrcvfsugrmdljaa 335 13 probability probability NN work_i5jewootsnhvrcvfsugrmdljaa 335 14 Π Π NNP work_i5jewootsnhvrcvfsugrmdljaa 335 15 whichQt whichQt NNS work_i5jewootsnhvrcvfsugrmdljaa 335 16 , , , work_i5jewootsnhvrcvfsugrmdljaa 335 17 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 335 18 ' ' POS work_i5jewootsnhvrcvfsugrmdljaa 335 19 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 335 20 , , , work_i5jewootsnhvrcvfsugrmdljaa 335 21 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 335 22 , , , work_i5jewootsnhvrcvfsugrmdljaa 335 23 . . . work_i5jewootsnhvrcvfsugrmdljaa 336 1 . . . work_i5jewootsnhvrcvfsugrmdljaa 337 1 . . . work_i5jewootsnhvrcvfsugrmdljaa 338 1 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 338 2 not not RB work_i5jewootsnhvrcvfsugrmdljaa 338 3 known know VBN work_i5jewootsnhvrcvfsugrmdljaa 338 4 to to IN work_i5jewootsnhvrcvfsugrmdljaa 338 5 anyone anyone NN work_i5jewootsnhvrcvfsugrmdljaa 338 6 . . . work_i5jewootsnhvrcvfsugrmdljaa 339 1 A a DT work_i5jewootsnhvrcvfsugrmdljaa 339 2 stationary stationary JJ work_i5jewootsnhvrcvfsugrmdljaa 339 3 Markov Markov NNP work_i5jewootsnhvrcvfsugrmdljaa 339 4 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 339 5 record record NN work_i5jewootsnhvrcvfsugrmdljaa 339 6 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 339 7 simply simply RB work_i5jewootsnhvrcvfsugrmdljaa 339 8 an an DT work_i5jewootsnhvrcvfsugrmdljaa 339 9 average average NN work_i5jewootsnhvrcvfsugrmdljaa 339 10 over over IN work_i5jewootsnhvrcvfsugrmdljaa 339 11 different different JJ work_i5jewootsnhvrcvfsugrmdljaa 339 12 regimes regime NNS work_i5jewootsnhvrcvfsugrmdljaa 339 13 . . . work_i5jewootsnhvrcvfsugrmdljaa 340 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 340 2 particular particular JJ work_i5jewootsnhvrcvfsugrmdljaa 340 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 340 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 340 5 first first JJ work_i5jewootsnhvrcvfsugrmdljaa 340 6 order order NN work_i5jewootsnhvrcvfsugrmdljaa 340 7 Markov Markov NNP work_i5jewootsnhvrcvfsugrmdljaa 340 8 property property NN work_i5jewootsnhvrcvfsugrmdljaa 340 9 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 340 10 a a DT work_i5jewootsnhvrcvfsugrmdljaa 340 11 result result NN work_i5jewootsnhvrcvfsugrmdljaa 340 12 of of IN work_i5jewootsnhvrcvfsugrmdljaa 340 13 diverse diverse JJ work_i5jewootsnhvrcvfsugrmdljaa 340 14 dynamic dynamic JJ work_i5jewootsnhvrcvfsugrmdljaa 340 15 patterns pattern NNS work_i5jewootsnhvrcvfsugrmdljaa 340 16 , , , work_i5jewootsnhvrcvfsugrmdljaa 340 17 averaged average VBD work_i5jewootsnhvrcvfsugrmdljaa 340 18 out out RP work_i5jewootsnhvrcvfsugrmdljaa 340 19 statistically statistically RB work_i5jewootsnhvrcvfsugrmdljaa 340 20 over over IN work_i5jewootsnhvrcvfsugrmdljaa 340 21 time time NN work_i5jewootsnhvrcvfsugrmdljaa 340 22 . . . work_i5jewootsnhvrcvfsugrmdljaa 341 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 341 2 simple simple JJ work_i5jewootsnhvrcvfsugrmdljaa 341 3 analogy analogy NN work_i5jewootsnhvrcvfsugrmdljaa 341 4 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 341 5 can can MD work_i5jewootsnhvrcvfsugrmdljaa 341 6 give give VB work_i5jewootsnhvrcvfsugrmdljaa 341 7 for for IN work_i5jewootsnhvrcvfsugrmdljaa 341 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 341 9 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 341 10 frequencies frequency NNS work_i5jewootsnhvrcvfsugrmdljaa 341 11 of of IN work_i5jewootsnhvrcvfsugrmdljaa 341 12 past past JJ work_i5jewootsnhvrcvfsugrmdljaa 341 13 values value NNS work_i5jewootsnhvrcvfsugrmdljaa 341 14 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 341 15 like like IN work_i5jewootsnhvrcvfsugrmdljaa 341 16 running run VBG work_i5jewootsnhvrcvfsugrmdljaa 341 17 a a DT work_i5jewootsnhvrcvfsugrmdljaa 341 18 single single JJ work_i5jewootsnhvrcvfsugrmdljaa 341 19 regression regression NN work_i5jewootsnhvrcvfsugrmdljaa 341 20 over over IN work_i5jewootsnhvrcvfsugrmdljaa 341 21 a a DT work_i5jewootsnhvrcvfsugrmdljaa 341 22 long long JJ work_i5jewootsnhvrcvfsugrmdljaa 341 23 data data NN work_i5jewootsnhvrcvfsugrmdljaa 341 24 set set VBN work_i5jewootsnhvrcvfsugrmdljaa 341 25 with with IN work_i5jewootsnhvrcvfsugrmdljaa 341 26 many many JJ work_i5jewootsnhvrcvfsugrmdljaa 341 27 unobserved unobserved JJ work_i5jewootsnhvrcvfsugrmdljaa 341 28 regimes regime NNS work_i5jewootsnhvrcvfsugrmdljaa 341 29 . . . work_i5jewootsnhvrcvfsugrmdljaa 342 1 Such such PDT work_i5jewootsnhvrcvfsugrmdljaa 342 2 a a DT work_i5jewootsnhvrcvfsugrmdljaa 342 3 procedure procedure NN work_i5jewootsnhvrcvfsugrmdljaa 342 4 estimates estimate VBZ work_i5jewootsnhvrcvfsugrmdljaa 342 5 the the DT work_i5jewootsnhvrcvfsugrmdljaa 342 6 average average NN work_i5jewootsnhvrcvfsugrmdljaa 342 7 over over IN work_i5jewootsnhvrcvfsugrmdljaa 342 8 different different JJ work_i5jewootsnhvrcvfsugrmdljaa 342 9 structures structure NNS work_i5jewootsnhvrcvfsugrmdljaa 342 10 . . . work_i5jewootsnhvrcvfsugrmdljaa 343 1 But but CC work_i5jewootsnhvrcvfsugrmdljaa 343 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 343 3 for for IN work_i5jewootsnhvrcvfsugrmdljaa 343 4 long long JJ work_i5jewootsnhvrcvfsugrmdljaa 343 5 data data NN work_i5jewootsnhvrcvfsugrmdljaa 343 6 sets set NNS work_i5jewootsnhvrcvfsugrmdljaa 343 7 , , , work_i5jewootsnhvrcvfsugrmdljaa 343 8 this this DT work_i5jewootsnhvrcvfsugrmdljaa 343 9 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 343 10 all all DT work_i5jewootsnhvrcvfsugrmdljaa 343 11 that that WDT work_i5jewootsnhvrcvfsugrmdljaa 343 12 they -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 343 13 could could MD work_i5jewootsnhvrcvfsugrmdljaa 343 14 ever ever RB work_i5jewootsnhvrcvfsugrmdljaa 343 15 agree agree VB work_i5jewootsnhvrcvfsugrmdljaa 343 16 on on IN work_i5jewootsnhvrcvfsugrmdljaa 343 17 . . . work_i5jewootsnhvrcvfsugrmdljaa 344 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 344 2 fact fact NN work_i5jewootsnhvrcvfsugrmdljaa 344 3 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 344 4 that that IN work_i5jewootsnhvrcvfsugrmdljaa 344 5 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 344 6 do do VBP work_i5jewootsnhvrcvfsugrmdljaa 344 7 not not RB work_i5jewootsnhvrcvfsugrmdljaa 344 8 believe believe VB work_i5jewootsnhvrcvfsugrmdljaa 344 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 344 10 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 344 11 distribution distribution NN work_i5jewootsnhvrcvfsugrmdljaa 344 12 of of IN work_i5jewootsnhvrcvfsugrmdljaa 344 13 the the DT work_i5jewootsnhvrcvfsugrmdljaa 344 14 past past NN work_i5jewootsnhvrcvfsugrmdljaa 344 15 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 344 16 adequate adequate JJ work_i5jewootsnhvrcvfsugrmdljaa 344 17 to to TO work_i5jewootsnhvrcvfsugrmdljaa 344 18 forecast forecast VB work_i5jewootsnhvrcvfsugrmdljaa 344 19 the the DT work_i5jewootsnhvrcvfsugrmdljaa 344 20 future future NN work_i5jewootsnhvrcvfsugrmdljaa 344 21 . . . work_i5jewootsnhvrcvfsugrmdljaa 345 1 All all DT work_i5jewootsnhvrcvfsugrmdljaa 345 2 surveys survey NNS work_i5jewootsnhvrcvfsugrmdljaa 345 3 of of IN work_i5jewootsnhvrcvfsugrmdljaa 345 4 forecasters forecaster NNS work_i5jewootsnhvrcvfsugrmdljaa 345 5 show show VBP work_i5jewootsnhvrcvfsugrmdljaa 345 6 that that IN work_i5jewootsnhvrcvfsugrmdljaa 345 7 subjective subjective JJ work_i5jewootsnhvrcvfsugrmdljaa 345 8 judgment judgment NN work_i5jewootsnhvrcvfsugrmdljaa 345 9 contributes contribute VBZ work_i5jewootsnhvrcvfsugrmdljaa 345 10 more more JJR work_i5jewootsnhvrcvfsugrmdljaa 345 11 than than IN work_i5jewootsnhvrcvfsugrmdljaa 345 12 50 50 CD work_i5jewootsnhvrcvfsugrmdljaa 345 13 % % NN work_i5jewootsnhvrcvfsugrmdljaa 345 14 to to IN work_i5jewootsnhvrcvfsugrmdljaa 345 15 the the DT work_i5jewootsnhvrcvfsugrmdljaa 345 16 final final JJ work_i5jewootsnhvrcvfsugrmdljaa 345 17 forecast forecast NN work_i5jewootsnhvrcvfsugrmdljaa 345 18 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 345 19 e.g. e.g. RB work_i5jewootsnhvrcvfsugrmdljaa 346 1 Batchelor Batchelor NNP work_i5jewootsnhvrcvfsugrmdljaa 346 2 and and CC work_i5jewootsnhvrcvfsugrmdljaa 346 3 Dua Dua NNP work_i5jewootsnhvrcvfsugrmdljaa 346 4 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 346 5 1991 1991 CD work_i5jewootsnhvrcvfsugrmdljaa 346 6 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 346 7 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 346 8 . . . work_i5jewootsnhvrcvfsugrmdljaa 347 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 347 2 this this DT work_i5jewootsnhvrcvfsugrmdljaa 347 3 environment environment NN work_i5jewootsnhvrcvfsugrmdljaa 347 4 each each DT work_i5jewootsnhvrcvfsugrmdljaa 347 5 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 347 6 forms form VBZ work_i5jewootsnhvrcvfsugrmdljaa 347 7 his -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 347 8 own own JJ work_i5jewootsnhvrcvfsugrmdljaa 347 9 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 347 10 about about IN work_i5jewootsnhvrcvfsugrmdljaa 347 11 Qt Qt NNP work_i5jewootsnhvrcvfsugrmdljaa 347 12 and and CC work_i5jewootsnhvrcvfsugrmdljaa 347 13 other other JJ work_i5jewootsnhvrcvfsugrmdljaa 347 14 state state NN work_i5jewootsnhvrcvfsugrmdljaa 347 15 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 347 16 to to TO work_i5jewootsnhvrcvfsugrmdljaa 347 17 be be VB work_i5jewootsnhvrcvfsugrmdljaa 347 18 explored explore VBN work_i5jewootsnhvrcvfsugrmdljaa 347 19 in in IN work_i5jewootsnhvrcvfsugrmdljaa 347 20 the the DT work_i5jewootsnhvrcvfsugrmdljaa 347 21 next next JJ work_i5jewootsnhvrcvfsugrmdljaa 347 22 section section NN work_i5jewootsnhvrcvfsugrmdljaa 347 23 . . . work_i5jewootsnhvrcvfsugrmdljaa 348 1 With with IN work_i5jewootsnhvrcvfsugrmdljaa 348 2 such such JJ work_i5jewootsnhvrcvfsugrmdljaa 348 3 complexity complexity NN work_i5jewootsnhvrcvfsugrmdljaa 348 4 how how WRB work_i5jewootsnhvrcvfsugrmdljaa 348 5 do do VBP work_i5jewootsnhvrcvfsugrmdljaa 348 6 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 348 7 describe describe VB work_i5jewootsnhvrcvfsugrmdljaa 348 8 an an DT work_i5jewootsnhvrcvfsugrmdljaa 348 9 equilibrium equilibrium NN work_i5jewootsnhvrcvfsugrmdljaa 348 10 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 349 1 For for IN work_i5jewootsnhvrcvfsugrmdljaa 349 2 such such PDT work_i5jewootsnhvrcvfsugrmdljaa 349 3 a a DT work_i5jewootsnhvrcvfsugrmdljaa 349 4 description description NN work_i5jewootsnhvrcvfsugrmdljaa 349 5 do do VBP work_i5jewootsnhvrcvfsugrmdljaa 349 6 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 349 7 really really RB work_i5jewootsnhvrcvfsugrmdljaa 349 8 need need VB work_i5jewootsnhvrcvfsugrmdljaa 349 9 to to TO work_i5jewootsnhvrcvfsugrmdljaa 349 10 give give VB work_i5jewootsnhvrcvfsugrmdljaa 349 11 a a DT work_i5jewootsnhvrcvfsugrmdljaa 349 12 full full JJ work_i5jewootsnhvrcvfsugrmdljaa 349 13 , , , work_i5jewootsnhvrcvfsugrmdljaa 349 14 detailed detailed JJ work_i5jewootsnhvrcvfsugrmdljaa 349 15 , , , work_i5jewootsnhvrcvfsugrmdljaa 349 16 development development NN work_i5jewootsnhvrcvfsugrmdljaa 349 17 of of IN work_i5jewootsnhvrcvfsugrmdljaa 349 18 all all PDT work_i5jewootsnhvrcvfsugrmdljaa 349 19 the the DT work_i5jewootsnhvrcvfsugrmdljaa 349 20 diverse diverse JJ work_i5jewootsnhvrcvfsugrmdljaa 349 21 theories theory NNS work_i5jewootsnhvrcvfsugrmdljaa 349 22 of of IN work_i5jewootsnhvrcvfsugrmdljaa 349 23 the the DT work_i5jewootsnhvrcvfsugrmdljaa 349 24 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 349 25 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 350 1 3.2 3.2 CD work_i5jewootsnhvrcvfsugrmdljaa 350 2 Heterogeneity heterogeneity NN work_i5jewootsnhvrcvfsugrmdljaa 350 3 of of IN work_i5jewootsnhvrcvfsugrmdljaa 350 4 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 350 5 : : : work_i5jewootsnhvrcvfsugrmdljaa 350 6 The the DT work_i5jewootsnhvrcvfsugrmdljaa 350 7 Question question NN work_i5jewootsnhvrcvfsugrmdljaa 350 8 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 350 9 How how WRB work_i5jewootsnhvrcvfsugrmdljaa 350 10 ! ! . work_i5jewootsnhvrcvfsugrmdljaa 351 1 Diverse diverse JJ work_i5jewootsnhvrcvfsugrmdljaa 351 2 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 351 3 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 351 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 351 5 result result NN work_i5jewootsnhvrcvfsugrmdljaa 351 6 of of IN work_i5jewootsnhvrcvfsugrmdljaa 351 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 351 8 fact fact NN work_i5jewootsnhvrcvfsugrmdljaa 351 9 that that IN work_i5jewootsnhvrcvfsugrmdljaa 351 10 agents agent NNS work_i5jewootsnhvrcvfsugrmdljaa 351 11 do do VBP work_i5jewootsnhvrcvfsugrmdljaa 351 12 not not RB work_i5jewootsnhvrcvfsugrmdljaa 351 13 know know VB work_i5jewootsnhvrcvfsugrmdljaa 351 14 the the DT work_i5jewootsnhvrcvfsugrmdljaa 351 15 exact exact JJ work_i5jewootsnhvrcvfsugrmdljaa 351 16 structure structure NN work_i5jewootsnhvrcvfsugrmdljaa 351 17 of of IN work_i5jewootsnhvrcvfsugrmdljaa 351 18 a a DT work_i5jewootsnhvrcvfsugrmdljaa 351 19 complex complex JJ work_i5jewootsnhvrcvfsugrmdljaa 351 20 economy economy NN work_i5jewootsnhvrcvfsugrmdljaa 351 21 . . . work_i5jewootsnhvrcvfsugrmdljaa 352 1 Since since IN work_i5jewootsnhvrcvfsugrmdljaa 352 2 one one PRP work_i5jewootsnhvrcvfsugrmdljaa 352 3 can can MD work_i5jewootsnhvrcvfsugrmdljaa 352 4 not not RB work_i5jewootsnhvrcvfsugrmdljaa 352 5 be be VB work_i5jewootsnhvrcvfsugrmdljaa 352 6 declared declare VBN work_i5jewootsnhvrcvfsugrmdljaa 352 7 irrational irrational JJ work_i5jewootsnhvrcvfsugrmdljaa 352 8 if if IN work_i5jewootsnhvrcvfsugrmdljaa 352 9 one one PRP work_i5jewootsnhvrcvfsugrmdljaa 352 10 can can MD work_i5jewootsnhvrcvfsugrmdljaa 352 11 not not RB work_i5jewootsnhvrcvfsugrmdljaa 352 12 hold hold VB work_i5jewootsnhvrcvfsugrmdljaa 352 13 Rational Rational NNP work_i5jewootsnhvrcvfsugrmdljaa 352 14 Expectations Expectations NNPS work_i5jewootsnhvrcvfsugrmdljaa 352 15 , , , work_i5jewootsnhvrcvfsugrmdljaa 352 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 352 17 concept concept NN work_i5jewootsnhvrcvfsugrmdljaa 352 18 of of IN work_i5jewootsnhvrcvfsugrmdljaa 352 19 rationality rationality NN work_i5jewootsnhvrcvfsugrmdljaa 352 20 must must MD work_i5jewootsnhvrcvfsugrmdljaa 352 21 be be VB work_i5jewootsnhvrcvfsugrmdljaa 352 22 modified modify VBN work_i5jewootsnhvrcvfsugrmdljaa 352 23 . . . work_i5jewootsnhvrcvfsugrmdljaa 353 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 353 2 theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 353 3 of of IN work_i5jewootsnhvrcvfsugrmdljaa 353 4 Rational Rational NNP work_i5jewootsnhvrcvfsugrmdljaa 353 5 Beliefs Beliefs NNPS work_i5jewootsnhvrcvfsugrmdljaa 353 6 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 353 7 in in IN work_i5jewootsnhvrcvfsugrmdljaa 353 8 short short JJ work_i5jewootsnhvrcvfsugrmdljaa 353 9 , , , work_i5jewootsnhvrcvfsugrmdljaa 353 10 RB RB NNP work_i5jewootsnhvrcvfsugrmdljaa 353 11 due due IN work_i5jewootsnhvrcvfsugrmdljaa 353 12 to to IN work_i5jewootsnhvrcvfsugrmdljaa 353 13 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 353 14 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 353 15 1994 1994 CD work_i5jewootsnhvrcvfsugrmdljaa 353 16 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 353 17 , , , work_i5jewootsnhvrcvfsugrmdljaa 353 18 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 353 19 1997a 1997a LS work_i5jewootsnhvrcvfsugrmdljaa 353 20 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 353 21 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 353 22 defines define VBZ work_i5jewootsnhvrcvfsugrmdljaa 353 23 a a DT work_i5jewootsnhvrcvfsugrmdljaa 353 24 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 353 25 to to TO work_i5jewootsnhvrcvfsugrmdljaa 353 26 be be VB work_i5jewootsnhvrcvfsugrmdljaa 353 27 rational rational JJ work_i5jewootsnhvrcvfsugrmdljaa 353 28 if if IN work_i5jewootsnhvrcvfsugrmdljaa 353 29 his -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 353 30 model model NN work_i5jewootsnhvrcvfsugrmdljaa 353 31 can can MD work_i5jewootsnhvrcvfsugrmdljaa 353 32 not not RB work_i5jewootsnhvrcvfsugrmdljaa 353 33 be be VB work_i5jewootsnhvrcvfsugrmdljaa 353 34 falsified falsify VBN work_i5jewootsnhvrcvfsugrmdljaa 353 35 by by IN work_i5jewootsnhvrcvfsugrmdljaa 353 36 the the DT work_i5jewootsnhvrcvfsugrmdljaa 353 37 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 353 38 and and CC work_i5jewootsnhvrcvfsugrmdljaa 353 39 if if IN work_i5jewootsnhvrcvfsugrmdljaa 353 40 simulated simulate VBN work_i5jewootsnhvrcvfsugrmdljaa 353 41 , , , work_i5jewootsnhvrcvfsugrmdljaa 353 42 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 353 43 reproduces reproduce VBZ work_i5jewootsnhvrcvfsugrmdljaa 353 44 the the DT work_i5jewootsnhvrcvfsugrmdljaa 353 45 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 353 46 distribution distribution NN work_i5jewootsnhvrcvfsugrmdljaa 353 47 . . . work_i5jewootsnhvrcvfsugrmdljaa 354 1 Under under IN work_i5jewootsnhvrcvfsugrmdljaa 354 2 this this DT work_i5jewootsnhvrcvfsugrmdljaa 354 3 theory theory JJ work_i5jewootsnhvrcvfsugrmdljaa 354 4 rational rational JJ work_i5jewootsnhvrcvfsugrmdljaa 354 5 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 354 6 may may MD work_i5jewootsnhvrcvfsugrmdljaa 354 7 hold hold VB work_i5jewootsnhvrcvfsugrmdljaa 354 8 diverse diverse JJ work_i5jewootsnhvrcvfsugrmdljaa 354 9 forecasting forecasting NN work_i5jewootsnhvrcvfsugrmdljaa 354 10 models model NNS work_i5jewootsnhvrcvfsugrmdljaa 354 11 based base VBN work_i5jewootsnhvrcvfsugrmdljaa 354 12 on on IN work_i5jewootsnhvrcvfsugrmdljaa 354 13 different different JJ work_i5jewootsnhvrcvfsugrmdljaa 354 14 interpretations interpretation NNS work_i5jewootsnhvrcvfsugrmdljaa 354 15 of of IN work_i5jewootsnhvrcvfsugrmdljaa 354 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 354 17 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 354 18 . . . work_i5jewootsnhvrcvfsugrmdljaa 355 1 More more RBR work_i5jewootsnhvrcvfsugrmdljaa 355 2 generally generally RB work_i5jewootsnhvrcvfsugrmdljaa 355 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 355 4 without without IN work_i5jewootsnhvrcvfsugrmdljaa 355 5 a a DT work_i5jewootsnhvrcvfsugrmdljaa 355 6 compelling compelling JJ work_i5jewootsnhvrcvfsugrmdljaa 355 7 known know VBN work_i5jewootsnhvrcvfsugrmdljaa 355 8 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 355 9 true true JJ work_i5jewootsnhvrcvfsugrmdljaa 355 10 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 355 11 model model NN work_i5jewootsnhvrcvfsugrmdljaa 355 12 , , , work_i5jewootsnhvrcvfsugrmdljaa 355 13 any any DT work_i5jewootsnhvrcvfsugrmdljaa 355 14 meaningful meaningful JJ work_i5jewootsnhvrcvfsugrmdljaa 355 15 concept concept NN work_i5jewootsnhvrcvfsugrmdljaa 355 16 of of IN work_i5jewootsnhvrcvfsugrmdljaa 355 17 rationality rationality NN work_i5jewootsnhvrcvfsugrmdljaa 355 18 of of IN work_i5jewootsnhvrcvfsugrmdljaa 355 19 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 355 20 will will MD work_i5jewootsnhvrcvfsugrmdljaa 355 21 embrace embrace VB work_i5jewootsnhvrcvfsugrmdljaa 355 22 a a DT work_i5jewootsnhvrcvfsugrmdljaa 355 23 wide wide JJ work_i5jewootsnhvrcvfsugrmdljaa 355 24 collection collection NN work_i5jewootsnhvrcvfsugrmdljaa 355 25 of of IN work_i5jewootsnhvrcvfsugrmdljaa 355 26 models model NNS work_i5jewootsnhvrcvfsugrmdljaa 355 27 . . . work_i5jewootsnhvrcvfsugrmdljaa 356 1 Such such PDT work_i5jewootsnhvrcvfsugrmdljaa 356 2 a a DT work_i5jewootsnhvrcvfsugrmdljaa 356 3 conclusion conclusion NN work_i5jewootsnhvrcvfsugrmdljaa 356 4 raises raise VBZ work_i5jewootsnhvrcvfsugrmdljaa 356 5 a a DT work_i5jewootsnhvrcvfsugrmdljaa 356 6 clear clear JJ work_i5jewootsnhvrcvfsugrmdljaa 356 7 methodological methodological JJ work_i5jewootsnhvrcvfsugrmdljaa 356 8 question question NN work_i5jewootsnhvrcvfsugrmdljaa 356 9 . . . work_i5jewootsnhvrcvfsugrmdljaa 357 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 357 2 formulating formulate VBG work_i5jewootsnhvrcvfsugrmdljaa 357 3 an an DT work_i5jewootsnhvrcvfsugrmdljaa 357 4 asset asset NN work_i5jewootsnhvrcvfsugrmdljaa 357 5 pricing pricing NN work_i5jewootsnhvrcvfsugrmdljaa 357 6 theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 357 7 should should MD work_i5jewootsnhvrcvfsugrmdljaa 357 8 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 357 9 provide provide VB work_i5jewootsnhvrcvfsugrmdljaa 357 10 a a DT work_i5jewootsnhvrcvfsugrmdljaa 357 11 detailed detailed JJ work_i5jewootsnhvrcvfsugrmdljaa 357 12 description description NN work_i5jewootsnhvrcvfsugrmdljaa 357 13 and and CC work_i5jewootsnhvrcvfsugrmdljaa 357 14 motivate motivate VBP work_i5jewootsnhvrcvfsugrmdljaa 357 15 the the DT work_i5jewootsnhvrcvfsugrmdljaa 357 16 subjective subjective JJ work_i5jewootsnhvrcvfsugrmdljaa 357 17 models model NNS work_i5jewootsnhvrcvfsugrmdljaa 357 18 of of IN work_i5jewootsnhvrcvfsugrmdljaa 357 19 each each DT work_i5jewootsnhvrcvfsugrmdljaa 357 20 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 357 21 in in IN work_i5jewootsnhvrcvfsugrmdljaa 357 22 the the DT work_i5jewootsnhvrcvfsugrmdljaa 357 23 model model NN work_i5jewootsnhvrcvfsugrmdljaa 357 24 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 358 1 With with IN work_i5jewootsnhvrcvfsugrmdljaa 358 2 diversity diversity NN work_i5jewootsnhvrcvfsugrmdljaa 358 3 of of IN work_i5jewootsnhvrcvfsugrmdljaa 358 4 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 358 5 such such PDT work_i5jewootsnhvrcvfsugrmdljaa 358 6 a a DT work_i5jewootsnhvrcvfsugrmdljaa 358 7 task task NN work_i5jewootsnhvrcvfsugrmdljaa 358 8 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 358 9 formidable formidable JJ work_i5jewootsnhvrcvfsugrmdljaa 358 10 . . . work_i5jewootsnhvrcvfsugrmdljaa 359 1 But but CC work_i5jewootsnhvrcvfsugrmdljaa 359 2 if if IN work_i5jewootsnhvrcvfsugrmdljaa 359 3 the the DT work_i5jewootsnhvrcvfsugrmdljaa 359 4 objective objective NN work_i5jewootsnhvrcvfsugrmdljaa 359 5 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 359 6 an an DT work_i5jewootsnhvrcvfsugrmdljaa 359 7 understanding understanding NN work_i5jewootsnhvrcvfsugrmdljaa 359 8 18 18 CD work_i5jewootsnhvrcvfsugrmdljaa 359 9 of of IN work_i5jewootsnhvrcvfsugrmdljaa 359 10 the the DT work_i5jewootsnhvrcvfsugrmdljaa 359 11 dynamics dynamic NNS work_i5jewootsnhvrcvfsugrmdljaa 359 12 of of IN work_i5jewootsnhvrcvfsugrmdljaa 359 13 asset asset NN work_i5jewootsnhvrcvfsugrmdljaa 359 14 prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 359 15 , , , work_i5jewootsnhvrcvfsugrmdljaa 359 16 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 359 17 such such PDT work_i5jewootsnhvrcvfsugrmdljaa 359 18 a a DT work_i5jewootsnhvrcvfsugrmdljaa 359 19 detailed detailed JJ work_i5jewootsnhvrcvfsugrmdljaa 359 20 description description NN work_i5jewootsnhvrcvfsugrmdljaa 359 21 necessary necessary JJ work_i5jewootsnhvrcvfsugrmdljaa 359 22 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 360 1 An an DT work_i5jewootsnhvrcvfsugrmdljaa 360 2 examination examination NN work_i5jewootsnhvrcvfsugrmdljaa 360 3 of of IN work_i5jewootsnhvrcvfsugrmdljaa 360 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 360 5 subject subject NN work_i5jewootsnhvrcvfsugrmdljaa 360 6 reveals reveal VBZ work_i5jewootsnhvrcvfsugrmdljaa 360 7 that that IN work_i5jewootsnhvrcvfsugrmdljaa 360 8 , , , work_i5jewootsnhvrcvfsugrmdljaa 360 9 although although IN work_i5jewootsnhvrcvfsugrmdljaa 360 10 an an DT work_i5jewootsnhvrcvfsugrmdljaa 360 11 intriguing intriguing JJ work_i5jewootsnhvrcvfsugrmdljaa 360 12 question question NN work_i5jewootsnhvrcvfsugrmdljaa 360 13 , , , work_i5jewootsnhvrcvfsugrmdljaa 360 14 such such PDT work_i5jewootsnhvrcvfsugrmdljaa 360 15 a a DT work_i5jewootsnhvrcvfsugrmdljaa 360 16 detailed detailed JJ work_i5jewootsnhvrcvfsugrmdljaa 360 17 task task NN work_i5jewootsnhvrcvfsugrmdljaa 360 18 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 360 19 not not RB work_i5jewootsnhvrcvfsugrmdljaa 360 20 needed need VBN work_i5jewootsnhvrcvfsugrmdljaa 360 21 . . . work_i5jewootsnhvrcvfsugrmdljaa 361 1 Instead instead RB work_i5jewootsnhvrcvfsugrmdljaa 361 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 361 3 to to TO work_i5jewootsnhvrcvfsugrmdljaa 361 4 describe describe VB work_i5jewootsnhvrcvfsugrmdljaa 361 5 an an DT work_i5jewootsnhvrcvfsugrmdljaa 361 6 equilibrium equilibrium NN work_i5jewootsnhvrcvfsugrmdljaa 361 7 all all DT work_i5jewootsnhvrcvfsugrmdljaa 361 8 that that WDT work_i5jewootsnhvrcvfsugrmdljaa 361 9 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 361 10 need need VBP work_i5jewootsnhvrcvfsugrmdljaa 361 11 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 361 12 to to TO work_i5jewootsnhvrcvfsugrmdljaa 361 13 specify specify VB work_i5jewootsnhvrcvfsugrmdljaa 361 14 how how WRB work_i5jewootsnhvrcvfsugrmdljaa 361 15 the the DT work_i5jewootsnhvrcvfsugrmdljaa 361 16 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 361 17 of of IN work_i5jewootsnhvrcvfsugrmdljaa 361 18 the the DT work_i5jewootsnhvrcvfsugrmdljaa 361 19 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 361 20 affect affect VBP work_i5jewootsnhvrcvfsugrmdljaa 361 21 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 361 22 subjectively subjectively RB work_i5jewootsnhvrcvfsugrmdljaa 361 23 perceived perceive VBN work_i5jewootsnhvrcvfsugrmdljaa 361 24 transition transition NN work_i5jewootsnhvrcvfsugrmdljaa 361 25 functions function NNS work_i5jewootsnhvrcvfsugrmdljaa 361 26 of of IN work_i5jewootsnhvrcvfsugrmdljaa 361 27 all all PDT work_i5jewootsnhvrcvfsugrmdljaa 361 28 the the DT work_i5jewootsnhvrcvfsugrmdljaa 361 29 state state NN work_i5jewootsnhvrcvfsugrmdljaa 361 30 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 361 31 . . . work_i5jewootsnhvrcvfsugrmdljaa 362 1 Once once IN work_i5jewootsnhvrcvfsugrmdljaa 362 2 these these DT work_i5jewootsnhvrcvfsugrmdljaa 362 3 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 362 4 specified specify VBN work_i5jewootsnhvrcvfsugrmdljaa 362 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 362 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 362 7 Euler Euler NNP work_i5jewootsnhvrcvfsugrmdljaa 362 8 equations equation NNS work_i5jewootsnhvrcvfsugrmdljaa 362 9 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 362 10 fully fully RB work_i5jewootsnhvrcvfsugrmdljaa 362 11 specified specify VBN work_i5jewootsnhvrcvfsugrmdljaa 362 12 and and CC work_i5jewootsnhvrcvfsugrmdljaa 362 13 market market NN work_i5jewootsnhvrcvfsugrmdljaa 362 14 clearing clearing NN work_i5jewootsnhvrcvfsugrmdljaa 362 15 leads lead VBZ work_i5jewootsnhvrcvfsugrmdljaa 362 16 to to IN work_i5jewootsnhvrcvfsugrmdljaa 362 17 equilibrium equilibrium NN work_i5jewootsnhvrcvfsugrmdljaa 362 18 pricing pricing NN work_i5jewootsnhvrcvfsugrmdljaa 362 19 . . . work_i5jewootsnhvrcvfsugrmdljaa 363 1 To to TO work_i5jewootsnhvrcvfsugrmdljaa 363 2 carry carry VB work_i5jewootsnhvrcvfsugrmdljaa 363 3 out out RP work_i5jewootsnhvrcvfsugrmdljaa 363 4 such such JJ work_i5jewootsnhvrcvfsugrmdljaa 363 5 a a DT work_i5jewootsnhvrcvfsugrmdljaa 363 6 program program NN work_i5jewootsnhvrcvfsugrmdljaa 363 7 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 363 8 follow follow VBP work_i5jewootsnhvrcvfsugrmdljaa 363 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 363 10 structure structure NN work_i5jewootsnhvrcvfsugrmdljaa 363 11 developed develop VBN work_i5jewootsnhvrcvfsugrmdljaa 363 12 in in IN work_i5jewootsnhvrcvfsugrmdljaa 363 13 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 363 14 , , , work_i5jewootsnhvrcvfsugrmdljaa 363 15 Jin Jin NNP work_i5jewootsnhvrcvfsugrmdljaa 363 16 and and CC work_i5jewootsnhvrcvfsugrmdljaa 363 17 Motolese Motolese NNP work_i5jewootsnhvrcvfsugrmdljaa 363 18 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 363 19 2005a 2005a CD work_i5jewootsnhvrcvfsugrmdljaa 363 20 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 363 21 , , , work_i5jewootsnhvrcvfsugrmdljaa 363 22 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 363 23 2005b 2005b LS work_i5jewootsnhvrcvfsugrmdljaa 363 24 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 363 25 . . . work_i5jewootsnhvrcvfsugrmdljaa 364 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 364 2 now now RB work_i5jewootsnhvrcvfsugrmdljaa 364 3 outline outline VBP work_i5jewootsnhvrcvfsugrmdljaa 364 4 this this DT work_i5jewootsnhvrcvfsugrmdljaa 364 5 development development NN work_i5jewootsnhvrcvfsugrmdljaa 364 6 for for IN work_i5jewootsnhvrcvfsugrmdljaa 364 7 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 364 8 in in IN work_i5jewootsnhvrcvfsugrmdljaa 364 9 our -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 364 10 simple simple JJ work_i5jewootsnhvrcvfsugrmdljaa 364 11 asset asset NN work_i5jewootsnhvrcvfsugrmdljaa 364 12 price price NN work_i5jewootsnhvrcvfsugrmdljaa 364 13 model model NN work_i5jewootsnhvrcvfsugrmdljaa 364 14 . . . work_i5jewootsnhvrcvfsugrmdljaa 365 1 3.3 3.3 CD work_i5jewootsnhvrcvfsugrmdljaa 365 2 Market Market NNP work_i5jewootsnhvrcvfsugrmdljaa 365 3 Belief Belief NNP work_i5jewootsnhvrcvfsugrmdljaa 365 4 as as IN work_i5jewootsnhvrcvfsugrmdljaa 365 5 a a DT work_i5jewootsnhvrcvfsugrmdljaa 365 6 State state NN work_i5jewootsnhvrcvfsugrmdljaa 365 7 Variable variable NN work_i5jewootsnhvrcvfsugrmdljaa 365 8 : : : work_i5jewootsnhvrcvfsugrmdljaa 365 9 Diverse Diverse NNP work_i5jewootsnhvrcvfsugrmdljaa 365 10 Opinions Opinions NNPS work_i5jewootsnhvrcvfsugrmdljaa 365 11 vs. vs. IN work_i5jewootsnhvrcvfsugrmdljaa 365 12 Asymmetric Asymmetric NNP work_i5jewootsnhvrcvfsugrmdljaa 365 13 Information Information NNP work_i5jewootsnhvrcvfsugrmdljaa 365 14 In in IN work_i5jewootsnhvrcvfsugrmdljaa 365 15 markets market NNS work_i5jewootsnhvrcvfsugrmdljaa 365 16 without without IN work_i5jewootsnhvrcvfsugrmdljaa 365 17 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 365 18 information information NN work_i5jewootsnhvrcvfsugrmdljaa 365 19 agents agent NNS work_i5jewootsnhvrcvfsugrmdljaa 365 20 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 365 21 willing willing JJ work_i5jewootsnhvrcvfsugrmdljaa 365 22 to to TO work_i5jewootsnhvrcvfsugrmdljaa 365 23 reveal reveal VB work_i5jewootsnhvrcvfsugrmdljaa 365 24 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 365 25 forecasts forecast NNS work_i5jewootsnhvrcvfsugrmdljaa 365 26 . . . work_i5jewootsnhvrcvfsugrmdljaa 366 1 Hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 366 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 366 3 in in IN work_i5jewootsnhvrcvfsugrmdljaa 366 4 formulating formulate VBG work_i5jewootsnhvrcvfsugrmdljaa 366 5 our -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 366 6 theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 366 7 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 366 8 now now RB work_i5jewootsnhvrcvfsugrmdljaa 366 9 assume assume VBP work_i5jewootsnhvrcvfsugrmdljaa 366 10 that that IN work_i5jewootsnhvrcvfsugrmdljaa 366 11 market market NN work_i5jewootsnhvrcvfsugrmdljaa 366 12 forecast forecast NN work_i5jewootsnhvrcvfsugrmdljaa 366 13 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 366 14 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 366 15 public public JJ work_i5jewootsnhvrcvfsugrmdljaa 366 16 . . . work_i5jewootsnhvrcvfsugrmdljaa 367 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 367 2 crucial crucial JJ work_i5jewootsnhvrcvfsugrmdljaa 367 3 difference difference NN work_i5jewootsnhvrcvfsugrmdljaa 367 4 between between IN work_i5jewootsnhvrcvfsugrmdljaa 367 5 markets market NNS work_i5jewootsnhvrcvfsugrmdljaa 367 6 with with IN work_i5jewootsnhvrcvfsugrmdljaa 367 7 and and CC work_i5jewootsnhvrcvfsugrmdljaa 367 8 without without IN work_i5jewootsnhvrcvfsugrmdljaa 367 9 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 367 10 information information NN work_i5jewootsnhvrcvfsugrmdljaa 367 11 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 367 12 that that IN work_i5jewootsnhvrcvfsugrmdljaa 367 13 when when WRB work_i5jewootsnhvrcvfsugrmdljaa 367 14 individual individual JJ work_i5jewootsnhvrcvfsugrmdljaa 367 15 forecasts forecast NNS work_i5jewootsnhvrcvfsugrmdljaa 367 16 of of IN work_i5jewootsnhvrcvfsugrmdljaa 367 17 a a DT work_i5jewootsnhvrcvfsugrmdljaa 367 18 state state NN work_i5jewootsnhvrcvfsugrmdljaa 367 19 variable variable NN work_i5jewootsnhvrcvfsugrmdljaa 367 20 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 367 21 revealed reveal VBN work_i5jewootsnhvrcvfsugrmdljaa 367 22 in in IN work_i5jewootsnhvrcvfsugrmdljaa 367 23 a a DT work_i5jewootsnhvrcvfsugrmdljaa 367 24 market market NN work_i5jewootsnhvrcvfsugrmdljaa 367 25 without without IN work_i5jewootsnhvrcvfsugrmdljaa 367 26 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 367 27 information information NN work_i5jewootsnhvrcvfsugrmdljaa 367 28 , , , work_i5jewootsnhvrcvfsugrmdljaa 367 29 others other NNS work_i5jewootsnhvrcvfsugrmdljaa 367 30 do do VBP work_i5jewootsnhvrcvfsugrmdljaa 367 31 not not RB work_i5jewootsnhvrcvfsugrmdljaa 367 32 see see VB work_i5jewootsnhvrcvfsugrmdljaa 367 33 such such JJ work_i5jewootsnhvrcvfsugrmdljaa 367 34 forecasts forecast NNS work_i5jewootsnhvrcvfsugrmdljaa 367 35 as as IN work_i5jewootsnhvrcvfsugrmdljaa 367 36 a a DT work_i5jewootsnhvrcvfsugrmdljaa 367 37 source source NN work_i5jewootsnhvrcvfsugrmdljaa 367 38 of of IN work_i5jewootsnhvrcvfsugrmdljaa 367 39 new new JJ work_i5jewootsnhvrcvfsugrmdljaa 367 40 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 367 41 and and CC work_i5jewootsnhvrcvfsugrmdljaa 367 42 do do VBP work_i5jewootsnhvrcvfsugrmdljaa 367 43 not not RB work_i5jewootsnhvrcvfsugrmdljaa 367 44 update update VB work_i5jewootsnhvrcvfsugrmdljaa 367 45 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 367 46 own own JJ work_i5jewootsnhvrcvfsugrmdljaa 367 47 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 367 48 about about IN work_i5jewootsnhvrcvfsugrmdljaa 367 49 a a DT work_i5jewootsnhvrcvfsugrmdljaa 367 50 parameter parameter NN work_i5jewootsnhvrcvfsugrmdljaa 367 51 used use VBN work_i5jewootsnhvrcvfsugrmdljaa 367 52 to to TO work_i5jewootsnhvrcvfsugrmdljaa 367 53 forecast forecast VB work_i5jewootsnhvrcvfsugrmdljaa 367 54 that that DT work_i5jewootsnhvrcvfsugrmdljaa 367 55 state state NN work_i5jewootsnhvrcvfsugrmdljaa 367 56 variable variable JJ work_i5jewootsnhvrcvfsugrmdljaa 367 57 . . . work_i5jewootsnhvrcvfsugrmdljaa 368 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 368 2 such such PDT work_i5jewootsnhvrcvfsugrmdljaa 368 3 a a DT work_i5jewootsnhvrcvfsugrmdljaa 368 4 market market NN work_i5jewootsnhvrcvfsugrmdljaa 368 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 368 6 a a DT work_i5jewootsnhvrcvfsugrmdljaa 368 7 forecaster forecaster NN work_i5jewootsnhvrcvfsugrmdljaa 368 8 uses use VBZ work_i5jewootsnhvrcvfsugrmdljaa 368 9 knowledge knowledge NN work_i5jewootsnhvrcvfsugrmdljaa 368 10 about about IN work_i5jewootsnhvrcvfsugrmdljaa 368 11 the the DT work_i5jewootsnhvrcvfsugrmdljaa 368 12 forecasts forecast NNS work_i5jewootsnhvrcvfsugrmdljaa 368 13 of of IN work_i5jewootsnhvrcvfsugrmdljaa 368 14 others other NNS work_i5jewootsnhvrcvfsugrmdljaa 368 15 to to TO work_i5jewootsnhvrcvfsugrmdljaa 368 16 alter alter VB work_i5jewootsnhvrcvfsugrmdljaa 368 17 his -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 368 18 forecasts forecast NNS work_i5jewootsnhvrcvfsugrmdljaa 368 19 of of IN work_i5jewootsnhvrcvfsugrmdljaa 368 20 endogenous endogenous JJ work_i5jewootsnhvrcvfsugrmdljaa 368 21 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 368 22 since since IN work_i5jewootsnhvrcvfsugrmdljaa 368 23 these these DT work_i5jewootsnhvrcvfsugrmdljaa 368 24 depend depend VBP work_i5jewootsnhvrcvfsugrmdljaa 368 25 upon upon IN work_i5jewootsnhvrcvfsugrmdljaa 368 26 the the DT work_i5jewootsnhvrcvfsugrmdljaa 368 27 market market NN work_i5jewootsnhvrcvfsugrmdljaa 368 28 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 368 29 . . . work_i5jewootsnhvrcvfsugrmdljaa 369 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 369 2 short short JJ work_i5jewootsnhvrcvfsugrmdljaa 369 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 369 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 369 5 difference difference NN work_i5jewootsnhvrcvfsugrmdljaa 369 6 between between IN work_i5jewootsnhvrcvfsugrmdljaa 369 7 an an DT work_i5jewootsnhvrcvfsugrmdljaa 369 8 equilibrium equilibrium NN work_i5jewootsnhvrcvfsugrmdljaa 369 9 with with IN work_i5jewootsnhvrcvfsugrmdljaa 369 10 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 369 11 and and CC work_i5jewootsnhvrcvfsugrmdljaa 369 12 an an DT work_i5jewootsnhvrcvfsugrmdljaa 369 13 equilibrium equilibrium NN work_i5jewootsnhvrcvfsugrmdljaa 369 14 without without IN work_i5jewootsnhvrcvfsugrmdljaa 369 15 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 369 16 but but CC work_i5jewootsnhvrcvfsugrmdljaa 369 17 with with IN work_i5jewootsnhvrcvfsugrmdljaa 369 18 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 369 19 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 369 20 that that IN work_i5jewootsnhvrcvfsugrmdljaa 369 21 in in IN work_i5jewootsnhvrcvfsugrmdljaa 369 22 the the DT work_i5jewootsnhvrcvfsugrmdljaa 369 23 latter latter JJ work_i5jewootsnhvrcvfsugrmdljaa 369 24 agents agent NNS work_i5jewootsnhvrcvfsugrmdljaa 369 25 do do VBP work_i5jewootsnhvrcvfsugrmdljaa 369 26 not not RB work_i5jewootsnhvrcvfsugrmdljaa 369 27 learn learn VB work_i5jewootsnhvrcvfsugrmdljaa 369 28 from from IN work_i5jewootsnhvrcvfsugrmdljaa 369 29 others other NNS work_i5jewootsnhvrcvfsugrmdljaa 369 30 and and CC work_i5jewootsnhvrcvfsugrmdljaa 369 31 do do VBP work_i5jewootsnhvrcvfsugrmdljaa 369 32 not not RB work_i5jewootsnhvrcvfsugrmdljaa 369 33 update update VB work_i5jewootsnhvrcvfsugrmdljaa 369 34 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 369 35 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 369 36 about about IN work_i5jewootsnhvrcvfsugrmdljaa 369 37 state state NN work_i5jewootsnhvrcvfsugrmdljaa 369 38 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 369 39 based base VBN work_i5jewootsnhvrcvfsugrmdljaa 369 40 on on IN work_i5jewootsnhvrcvfsugrmdljaa 369 41 the the DT work_i5jewootsnhvrcvfsugrmdljaa 369 42 opinions opinion NNS work_i5jewootsnhvrcvfsugrmdljaa 369 43 of of IN work_i5jewootsnhvrcvfsugrmdljaa 369 44 others other NNS work_i5jewootsnhvrcvfsugrmdljaa 369 45 . . . work_i5jewootsnhvrcvfsugrmdljaa 370 1 But but CC work_i5jewootsnhvrcvfsugrmdljaa 370 2 then then RB work_i5jewootsnhvrcvfsugrmdljaa 370 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 370 4 how how WRB work_i5jewootsnhvrcvfsugrmdljaa 370 5 do do VBP work_i5jewootsnhvrcvfsugrmdljaa 370 6 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 370 7 describe describe VB work_i5jewootsnhvrcvfsugrmdljaa 370 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 370 9 individual individual JJ work_i5jewootsnhvrcvfsugrmdljaa 370 10 and and CC work_i5jewootsnhvrcvfsugrmdljaa 370 11 market market NN work_i5jewootsnhvrcvfsugrmdljaa 370 12 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 370 13 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 371 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 371 2 key key JJ work_i5jewootsnhvrcvfsugrmdljaa 371 3 analytical analytical JJ work_i5jewootsnhvrcvfsugrmdljaa 371 4 step step NN work_i5jewootsnhvrcvfsugrmdljaa 371 5 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 371 6 have have VBP work_i5jewootsnhvrcvfsugrmdljaa 371 7 taken take VBN work_i5jewootsnhvrcvfsugrmdljaa 371 8 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 371 9 see see VB work_i5jewootsnhvrcvfsugrmdljaa 371 10 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 371 11 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 371 12 1994 1994 CD work_i5jewootsnhvrcvfsugrmdljaa 371 13 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 371 14 , , , work_i5jewootsnhvrcvfsugrmdljaa 371 15 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 371 16 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 371 17 1997a 1997a CD work_i5jewootsnhvrcvfsugrmdljaa 371 18 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 371 19 , , , work_i5jewootsnhvrcvfsugrmdljaa 371 20 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 371 21 and and CC work_i5jewootsnhvrcvfsugrmdljaa 371 22 Motolese Motolese NNP work_i5jewootsnhvrcvfsugrmdljaa 371 23 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 371 24 2001 2001 CD work_i5jewootsnhvrcvfsugrmdljaa 371 25 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 371 26 , , , work_i5jewootsnhvrcvfsugrmdljaa 371 27 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 371 28 , , , work_i5jewootsnhvrcvfsugrmdljaa 371 29 Jin Jin NNP work_i5jewootsnhvrcvfsugrmdljaa 371 30 and and CC work_i5jewootsnhvrcvfsugrmdljaa 371 31 Motolese Motolese NNP work_i5jewootsnhvrcvfsugrmdljaa 371 32 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 371 33 2005a),(2005b 2005a),(2005b CD work_i5jewootsnhvrcvfsugrmdljaa 371 34 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 371 35 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 371 36 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 371 37 to to TO work_i5jewootsnhvrcvfsugrmdljaa 371 38 treat treat VB work_i5jewootsnhvrcvfsugrmdljaa 371 39 individual individual JJ work_i5jewootsnhvrcvfsugrmdljaa 371 40 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 371 41 as as IN work_i5jewootsnhvrcvfsugrmdljaa 371 42 personal personal JJ work_i5jewootsnhvrcvfsugrmdljaa 371 43 state state NN work_i5jewootsnhvrcvfsugrmdljaa 371 44 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 371 45 , , , work_i5jewootsnhvrcvfsugrmdljaa 371 46 generated generate VBN work_i5jewootsnhvrcvfsugrmdljaa 371 47 within within IN work_i5jewootsnhvrcvfsugrmdljaa 371 48 the the DT work_i5jewootsnhvrcvfsugrmdljaa 371 49 economy economy NN work_i5jewootsnhvrcvfsugrmdljaa 371 50 . . . work_i5jewootsnhvrcvfsugrmdljaa 372 1 That that RB work_i5jewootsnhvrcvfsugrmdljaa 372 2 is is RB work_i5jewootsnhvrcvfsugrmdljaa 372 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 372 4 an an DT work_i5jewootsnhvrcvfsugrmdljaa 372 5 individual individual JJ work_i5jewootsnhvrcvfsugrmdljaa 372 6 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 372 7 about about IN work_i5jewootsnhvrcvfsugrmdljaa 372 8 an an DT work_i5jewootsnhvrcvfsugrmdljaa 372 9 economy economy NN work_i5jewootsnhvrcvfsugrmdljaa 372 10 ’s ’s POS work_i5jewootsnhvrcvfsugrmdljaa 372 11 state state NN work_i5jewootsnhvrcvfsugrmdljaa 372 12 variable variable NN work_i5jewootsnhvrcvfsugrmdljaa 372 13 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 372 14 described describe VBN work_i5jewootsnhvrcvfsugrmdljaa 372 15 with with IN work_i5jewootsnhvrcvfsugrmdljaa 372 16 a a DT work_i5jewootsnhvrcvfsugrmdljaa 372 17 personal personal JJ work_i5jewootsnhvrcvfsugrmdljaa 372 18 state state NN work_i5jewootsnhvrcvfsugrmdljaa 372 19 of of IN work_i5jewootsnhvrcvfsugrmdljaa 372 20 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 372 21 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 372 22 uniquely uniquely RB work_i5jewootsnhvrcvfsugrmdljaa 372 23 pins pin VBZ work_i5jewootsnhvrcvfsugrmdljaa 372 24 down down RP work_i5jewootsnhvrcvfsugrmdljaa 372 25 the the DT work_i5jewootsnhvrcvfsugrmdljaa 372 26 conditional conditional JJ work_i5jewootsnhvrcvfsugrmdljaa 372 27 probability probability NN work_i5jewootsnhvrcvfsugrmdljaa 372 28 or or CC work_i5jewootsnhvrcvfsugrmdljaa 372 29 transition transition NN work_i5jewootsnhvrcvfsugrmdljaa 372 30 function function NN work_i5jewootsnhvrcvfsugrmdljaa 372 31 of of IN work_i5jewootsnhvrcvfsugrmdljaa 372 32 next next JJ work_i5jewootsnhvrcvfsugrmdljaa 372 33 period period NN work_i5jewootsnhvrcvfsugrmdljaa 372 34 ’s ’s POS work_i5jewootsnhvrcvfsugrmdljaa 372 35 economy economy NN work_i5jewootsnhvrcvfsugrmdljaa 372 36 ’s ’s POS work_i5jewootsnhvrcvfsugrmdljaa 372 37 state state NN work_i5jewootsnhvrcvfsugrmdljaa 372 38 variable variable NN work_i5jewootsnhvrcvfsugrmdljaa 372 39 . . . work_i5jewootsnhvrcvfsugrmdljaa 373 1 Hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 373 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 373 3 personal personal JJ work_i5jewootsnhvrcvfsugrmdljaa 373 4 states state NNS work_i5jewootsnhvrcvfsugrmdljaa 373 5 of of IN work_i5jewootsnhvrcvfsugrmdljaa 373 6 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 373 7 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 373 8 analogous analogous JJ work_i5jewootsnhvrcvfsugrmdljaa 373 9 to to IN work_i5jewootsnhvrcvfsugrmdljaa 373 10 other other JJ work_i5jewootsnhvrcvfsugrmdljaa 373 11 state state NN work_i5jewootsnhvrcvfsugrmdljaa 373 12 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 373 13 in in IN work_i5jewootsnhvrcvfsugrmdljaa 373 14 the the DT work_i5jewootsnhvrcvfsugrmdljaa 373 15 decision decision NN work_i5jewootsnhvrcvfsugrmdljaa 373 16 problem problem NN work_i5jewootsnhvrcvfsugrmdljaa 373 17 of of IN work_i5jewootsnhvrcvfsugrmdljaa 373 18 the the DT work_i5jewootsnhvrcvfsugrmdljaa 373 19 agent agent NN work_i5jewootsnhvrcvfsugrmdljaa 373 20 , , , work_i5jewootsnhvrcvfsugrmdljaa 373 21 although although IN work_i5jewootsnhvrcvfsugrmdljaa 373 22 iy iy RB work_i5jewootsnhvrcvfsugrmdljaa 373 23 can can MD work_i5jewootsnhvrcvfsugrmdljaa 373 24 also also RB work_i5jewootsnhvrcvfsugrmdljaa 373 25 be be VB work_i5jewootsnhvrcvfsugrmdljaa 373 26 interpreted interpret VBN work_i5jewootsnhvrcvfsugrmdljaa 373 27 as as IN work_i5jewootsnhvrcvfsugrmdljaa 373 28 defining define VBG work_i5jewootsnhvrcvfsugrmdljaa 373 29 the the DT work_i5jewootsnhvrcvfsugrmdljaa 373 30 more more RBR work_i5jewootsnhvrcvfsugrmdljaa 373 31 familiar familiar JJ work_i5jewootsnhvrcvfsugrmdljaa 373 32 concept concept NN work_i5jewootsnhvrcvfsugrmdljaa 373 33 of of IN work_i5jewootsnhvrcvfsugrmdljaa 373 34 a a DT work_i5jewootsnhvrcvfsugrmdljaa 373 35 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 373 36 type type NN work_i5jewootsnhvrcvfsugrmdljaa 373 37 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 373 38 of of IN work_i5jewootsnhvrcvfsugrmdljaa 373 39 the the DT work_i5jewootsnhvrcvfsugrmdljaa 373 40 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 373 41 . . . work_i5jewootsnhvrcvfsugrmdljaa 374 1 At at IN work_i5jewootsnhvrcvfsugrmdljaa 374 2 date date NN work_i5jewootsnhvrcvfsugrmdljaa 374 3 t t NN work_i5jewootsnhvrcvfsugrmdljaa 374 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 374 5 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 374 6 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 374 7 not not RB work_i5jewootsnhvrcvfsugrmdljaa 374 8 certain certain JJ work_i5jewootsnhvrcvfsugrmdljaa 374 9 of of IN work_i5jewootsnhvrcvfsugrmdljaa 374 10 his -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 374 11 future future JJ work_i5jewootsnhvrcvfsugrmdljaa 374 12 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 374 13 type type NN work_i5jewootsnhvrcvfsugrmdljaa 374 14 but but CC work_i5jewootsnhvrcvfsugrmdljaa 374 15 his -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 374 16 behavior behavior NN work_i5jewootsnhvrcvfsugrmdljaa 374 17 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 374 18 e.g. e.g. RB work_i5jewootsnhvrcvfsugrmdljaa 375 1 Bayesian bayesian JJ work_i5jewootsnhvrcvfsugrmdljaa 375 2 updating updating NN work_i5jewootsnhvrcvfsugrmdljaa 375 3 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 375 4 or or CC work_i5jewootsnhvrcvfsugrmdljaa 375 5 procedural procedural JJ work_i5jewootsnhvrcvfsugrmdljaa 375 6 model model NN work_i5jewootsnhvrcvfsugrmdljaa 375 7 and and CC work_i5jewootsnhvrcvfsugrmdljaa 375 8 interpretation interpretation NN work_i5jewootsnhvrcvfsugrmdljaa 375 9 of of IN work_i5jewootsnhvrcvfsugrmdljaa 375 10 current current JJ work_i5jewootsnhvrcvfsugrmdljaa 375 11 information information NN work_i5jewootsnhvrcvfsugrmdljaa 375 12 determines determine VBZ work_i5jewootsnhvrcvfsugrmdljaa 375 13 the the DT work_i5jewootsnhvrcvfsugrmdljaa 375 14 dynamics dynamic NNS work_i5jewootsnhvrcvfsugrmdljaa 375 15 of of IN work_i5jewootsnhvrcvfsugrmdljaa 375 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 375 17 personal personal JJ work_i5jewootsnhvrcvfsugrmdljaa 375 18 state state NN work_i5jewootsnhvrcvfsugrmdljaa 375 19 of of IN work_i5jewootsnhvrcvfsugrmdljaa 375 20 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 375 21 . . . work_i5jewootsnhvrcvfsugrmdljaa 376 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 376 2 distribution distribution NN work_i5jewootsnhvrcvfsugrmdljaa 376 3 of of IN work_i5jewootsnhvrcvfsugrmdljaa 376 4 individual individual JJ work_i5jewootsnhvrcvfsugrmdljaa 376 5 states state NNS work_i5jewootsnhvrcvfsugrmdljaa 376 6 of of IN work_i5jewootsnhvrcvfsugrmdljaa 376 7 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 376 8 then then RB work_i5jewootsnhvrcvfsugrmdljaa 376 9 becomes become VBZ work_i5jewootsnhvrcvfsugrmdljaa 376 10 a a DT work_i5jewootsnhvrcvfsugrmdljaa 376 11 central central JJ work_i5jewootsnhvrcvfsugrmdljaa 376 12 economy economy NN work_i5jewootsnhvrcvfsugrmdljaa 376 13 - - HYPH work_i5jewootsnhvrcvfsugrmdljaa 376 14 wide wide JJ work_i5jewootsnhvrcvfsugrmdljaa 376 15 dynamical dynamical JJ work_i5jewootsnhvrcvfsugrmdljaa 376 16 force force NN work_i5jewootsnhvrcvfsugrmdljaa 376 17 where where WRB work_i5jewootsnhvrcvfsugrmdljaa 376 18 the the DT work_i5jewootsnhvrcvfsugrmdljaa 376 19 cross cross JJ work_i5jewootsnhvrcvfsugrmdljaa 376 20 sectional sectional JJ work_i5jewootsnhvrcvfsugrmdljaa 376 21 average average JJ work_i5jewootsnhvrcvfsugrmdljaa 376 22 state state NN work_i5jewootsnhvrcvfsugrmdljaa 376 23 of of IN work_i5jewootsnhvrcvfsugrmdljaa 376 24 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 376 25 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 376 26 simply simply RB work_i5jewootsnhvrcvfsugrmdljaa 376 27 the the DT work_i5jewootsnhvrcvfsugrmdljaa 376 28 average average NN work_i5jewootsnhvrcvfsugrmdljaa 376 29 of of IN work_i5jewootsnhvrcvfsugrmdljaa 376 30 individual individual JJ work_i5jewootsnhvrcvfsugrmdljaa 376 31 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 376 32 . . . work_i5jewootsnhvrcvfsugrmdljaa 377 1 As as IN work_i5jewootsnhvrcvfsugrmdljaa 377 2 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 377 3 indicated indicate VBD work_i5jewootsnhvrcvfsugrmdljaa 377 4 , , , work_i5jewootsnhvrcvfsugrmdljaa 377 5 19 19 CD work_i5jewootsnhvrcvfsugrmdljaa 377 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 377 7 crucial crucial JJ work_i5jewootsnhvrcvfsugrmdljaa 377 8 fact fact NN work_i5jewootsnhvrcvfsugrmdljaa 377 9 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 377 10 that that IN work_i5jewootsnhvrcvfsugrmdljaa 377 11 the the DT work_i5jewootsnhvrcvfsugrmdljaa 377 12 distribution distribution NN work_i5jewootsnhvrcvfsugrmdljaa 377 13 of of IN work_i5jewootsnhvrcvfsugrmdljaa 377 14 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 377 15 in in IN work_i5jewootsnhvrcvfsugrmdljaa 377 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 377 17 market market NN work_i5jewootsnhvrcvfsugrmdljaa 377 18 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 377 19 observable observable JJ work_i5jewootsnhvrcvfsugrmdljaa 377 20 . . . work_i5jewootsnhvrcvfsugrmdljaa 378 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 378 2 equilibrium equilibrium NN work_i5jewootsnhvrcvfsugrmdljaa 378 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 378 4 endogenous endogenous JJ work_i5jewootsnhvrcvfsugrmdljaa 378 5 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 378 6 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 378 7 e.g. e.g. RB work_i5jewootsnhvrcvfsugrmdljaa 379 1 prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 379 2 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 379 3 depend depend VBP work_i5jewootsnhvrcvfsugrmdljaa 379 4 upon upon IN work_i5jewootsnhvrcvfsugrmdljaa 379 5 the the DT work_i5jewootsnhvrcvfsugrmdljaa 379 6 economy economy NN work_i5jewootsnhvrcvfsugrmdljaa 379 7 ’s ’s POS work_i5jewootsnhvrcvfsugrmdljaa 379 8 state state NN work_i5jewootsnhvrcvfsugrmdljaa 379 9 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 379 10 , , , work_i5jewootsnhvrcvfsugrmdljaa 379 11 but but CC work_i5jewootsnhvrcvfsugrmdljaa 379 12 in in IN work_i5jewootsnhvrcvfsugrmdljaa 379 13 a a DT work_i5jewootsnhvrcvfsugrmdljaa 379 14 large large JJ work_i5jewootsnhvrcvfsugrmdljaa 379 15 economy economy NN work_i5jewootsnhvrcvfsugrmdljaa 379 16 a a DT work_i5jewootsnhvrcvfsugrmdljaa 379 17 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 379 18 ’s ’s POS work_i5jewootsnhvrcvfsugrmdljaa 379 19 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 379 20 anonymity anonymity NN work_i5jewootsnhvrcvfsugrmdljaa 379 21 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 379 22 implies imply VBZ work_i5jewootsnhvrcvfsugrmdljaa 379 23 a a DT work_i5jewootsnhvrcvfsugrmdljaa 379 24 personal personal JJ work_i5jewootsnhvrcvfsugrmdljaa 379 25 state state NN work_i5jewootsnhvrcvfsugrmdljaa 379 26 of of IN work_i5jewootsnhvrcvfsugrmdljaa 379 27 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 379 28 has have VBZ work_i5jewootsnhvrcvfsugrmdljaa 379 29 a a DT work_i5jewootsnhvrcvfsugrmdljaa 379 30 negligible negligible JJ work_i5jewootsnhvrcvfsugrmdljaa 379 31 effect effect NN work_i5jewootsnhvrcvfsugrmdljaa 379 32 on on IN work_i5jewootsnhvrcvfsugrmdljaa 379 33 prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 379 34 . . . work_i5jewootsnhvrcvfsugrmdljaa 380 1 It -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 380 2 turns turn VBZ work_i5jewootsnhvrcvfsugrmdljaa 380 3 out out RP work_i5jewootsnhvrcvfsugrmdljaa 380 4 that that IN work_i5jewootsnhvrcvfsugrmdljaa 380 5 with with IN work_i5jewootsnhvrcvfsugrmdljaa 380 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 380 7 utility utility NN work_i5jewootsnhvrcvfsugrmdljaa 380 8 function function NN work_i5jewootsnhvrcvfsugrmdljaa 380 9 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 380 10 use use VBP work_i5jewootsnhvrcvfsugrmdljaa 380 11 equilibrium equilibrium NN work_i5jewootsnhvrcvfsugrmdljaa 380 12 endogenous endogenous JJ work_i5jewootsnhvrcvfsugrmdljaa 380 13 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 380 14 depend depend VBP work_i5jewootsnhvrcvfsugrmdljaa 380 15 only only RB work_i5jewootsnhvrcvfsugrmdljaa 380 16 upon upon IN work_i5jewootsnhvrcvfsugrmdljaa 380 17 the the DT work_i5jewootsnhvrcvfsugrmdljaa 380 18 distribution distribution NN work_i5jewootsnhvrcvfsugrmdljaa 380 19 of of IN work_i5jewootsnhvrcvfsugrmdljaa 380 20 market market NN work_i5jewootsnhvrcvfsugrmdljaa 380 21 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 380 22 . . . work_i5jewootsnhvrcvfsugrmdljaa 381 1 Thus thus RB work_i5jewootsnhvrcvfsugrmdljaa 381 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 381 3 as as IN work_i5jewootsnhvrcvfsugrmdljaa 381 4 in in IN work_i5jewootsnhvrcvfsugrmdljaa 381 5 any any DT work_i5jewootsnhvrcvfsugrmdljaa 381 6 equilibrium equilibrium NN work_i5jewootsnhvrcvfsugrmdljaa 381 7 , , , work_i5jewootsnhvrcvfsugrmdljaa 381 8 prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 381 9 and and CC work_i5jewootsnhvrcvfsugrmdljaa 381 10 other other JJ work_i5jewootsnhvrcvfsugrmdljaa 381 11 endogenous endogenous JJ work_i5jewootsnhvrcvfsugrmdljaa 381 12 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 381 13 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 381 14 functions function NNS work_i5jewootsnhvrcvfsugrmdljaa 381 15 of of IN work_i5jewootsnhvrcvfsugrmdljaa 381 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 381 17 economy economy NN work_i5jewootsnhvrcvfsugrmdljaa 381 18 ’s ’s POS work_i5jewootsnhvrcvfsugrmdljaa 381 19 state state NN work_i5jewootsnhvrcvfsugrmdljaa 381 20 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 381 21 and and CC work_i5jewootsnhvrcvfsugrmdljaa 381 22 here here RB work_i5jewootsnhvrcvfsugrmdljaa 381 23 these these DT work_i5jewootsnhvrcvfsugrmdljaa 381 24 state state NN work_i5jewootsnhvrcvfsugrmdljaa 381 25 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 381 26 include include VBP work_i5jewootsnhvrcvfsugrmdljaa 381 27 the the DT work_i5jewootsnhvrcvfsugrmdljaa 381 28 distribution distribution NN work_i5jewootsnhvrcvfsugrmdljaa 381 29 of of IN work_i5jewootsnhvrcvfsugrmdljaa 381 30 personal personal JJ work_i5jewootsnhvrcvfsugrmdljaa 381 31 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 381 32 . . . work_i5jewootsnhvrcvfsugrmdljaa 382 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 382 2 our -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 382 3 equilibrium equilibrium NN work_i5jewootsnhvrcvfsugrmdljaa 382 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 382 5 moments moment NNS work_i5jewootsnhvrcvfsugrmdljaa 382 6 of of IN work_i5jewootsnhvrcvfsugrmdljaa 382 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 382 8 cross cross NNP work_i5jewootsnhvrcvfsugrmdljaa 382 9 sectional sectional JJ work_i5jewootsnhvrcvfsugrmdljaa 382 10 distributions distribution NNS work_i5jewootsnhvrcvfsugrmdljaa 382 11 of of IN work_i5jewootsnhvrcvfsugrmdljaa 382 12 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 382 13 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 382 14 important important JJ work_i5jewootsnhvrcvfsugrmdljaa 382 15 economy economy NN work_i5jewootsnhvrcvfsugrmdljaa 382 16 state state NN work_i5jewootsnhvrcvfsugrmdljaa 382 17 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 382 18 and and CC work_i5jewootsnhvrcvfsugrmdljaa 382 19 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 382 20 stochastic stochastic JJ work_i5jewootsnhvrcvfsugrmdljaa 382 21 transition transition NN work_i5jewootsnhvrcvfsugrmdljaa 382 22 laws law NNS work_i5jewootsnhvrcvfsugrmdljaa 382 23 play play VBP work_i5jewootsnhvrcvfsugrmdljaa 382 24 a a DT work_i5jewootsnhvrcvfsugrmdljaa 382 25 central central JJ work_i5jewootsnhvrcvfsugrmdljaa 382 26 role role NN work_i5jewootsnhvrcvfsugrmdljaa 382 27 . . . work_i5jewootsnhvrcvfsugrmdljaa 383 1 Finally finally RB work_i5jewootsnhvrcvfsugrmdljaa 383 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 383 3 since since IN work_i5jewootsnhvrcvfsugrmdljaa 383 4 endogenous endogenous JJ work_i5jewootsnhvrcvfsugrmdljaa 383 5 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 383 6 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 383 7 functions function NNS work_i5jewootsnhvrcvfsugrmdljaa 383 8 of of IN work_i5jewootsnhvrcvfsugrmdljaa 383 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 383 10 market market NN work_i5jewootsnhvrcvfsugrmdljaa 383 11 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 383 12 , , , work_i5jewootsnhvrcvfsugrmdljaa 383 13 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 383 14 follows follow VBZ work_i5jewootsnhvrcvfsugrmdljaa 383 15 that that DT work_i5jewootsnhvrcvfsugrmdljaa 383 16 future future JJ work_i5jewootsnhvrcvfsugrmdljaa 383 17 endogenous endogenous JJ work_i5jewootsnhvrcvfsugrmdljaa 383 18 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 383 19 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 383 20 forecasted forecast VBN work_i5jewootsnhvrcvfsugrmdljaa 383 21 by by IN work_i5jewootsnhvrcvfsugrmdljaa 383 22 forecasting forecast VBG work_i5jewootsnhvrcvfsugrmdljaa 383 23 the the DT work_i5jewootsnhvrcvfsugrmdljaa 383 24 market market NN work_i5jewootsnhvrcvfsugrmdljaa 383 25 distribution distribution NN work_i5jewootsnhvrcvfsugrmdljaa 383 26 of of IN work_i5jewootsnhvrcvfsugrmdljaa 383 27 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 383 28 using use VBG work_i5jewootsnhvrcvfsugrmdljaa 383 29 the the DT work_i5jewootsnhvrcvfsugrmdljaa 383 30 known know VBN work_i5jewootsnhvrcvfsugrmdljaa 383 31 equilibrium equilibrium NN work_i5jewootsnhvrcvfsugrmdljaa 383 32 map map NN work_i5jewootsnhvrcvfsugrmdljaa 383 33 . . . work_i5jewootsnhvrcvfsugrmdljaa 384 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 384 2 short short JJ work_i5jewootsnhvrcvfsugrmdljaa 384 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 384 4 to to TO work_i5jewootsnhvrcvfsugrmdljaa 384 5 forecast forecast VB work_i5jewootsnhvrcvfsugrmdljaa 384 6 future future JJ work_i5jewootsnhvrcvfsugrmdljaa 384 7 endogenous endogenous JJ work_i5jewootsnhvrcvfsugrmdljaa 384 8 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 384 9 a a DT work_i5jewootsnhvrcvfsugrmdljaa 384 10 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 384 11 must must MD work_i5jewootsnhvrcvfsugrmdljaa 384 12 forecast forecast VB work_i5jewootsnhvrcvfsugrmdljaa 384 13 the the DT work_i5jewootsnhvrcvfsugrmdljaa 384 14 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 384 15 of of IN work_i5jewootsnhvrcvfsugrmdljaa 384 16 others other NNS work_i5jewootsnhvrcvfsugrmdljaa 384 17 . . . work_i5jewootsnhvrcvfsugrmdljaa 385 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 385 2 thus thus RB work_i5jewootsnhvrcvfsugrmdljaa 385 3 introduce introduce VBP work_i5jewootsnhvrcvfsugrmdljaa 385 4 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 385 5 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 385 6 ’s ’ VBZ work_i5jewootsnhvrcvfsugrmdljaa 385 7 state state NN work_i5jewootsnhvrcvfsugrmdljaa 385 8 of of IN work_i5jewootsnhvrcvfsugrmdljaa 385 9 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 385 10 . . . work_i5jewootsnhvrcvfsugrmdljaa 386 1 It -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 386 2 describes describe VBZ work_i5jewootsnhvrcvfsugrmdljaa 386 3 his -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 386 4 perception perception NN work_i5jewootsnhvrcvfsugrmdljaa 386 5 by by IN work_i5jewootsnhvrcvfsugrmdljaa 386 6 pinning pin VBG work_i5jewootsnhvrcvfsugrmdljaa 386 7 down down RP work_i5jewootsnhvrcvfsugrmdljaa 386 8 hisg hisg NNP work_i5jewootsnhvrcvfsugrmdljaa 386 9 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 386 10 t t NN work_i5jewootsnhvrcvfsugrmdljaa 386 11 transition transition NN work_i5jewootsnhvrcvfsugrmdljaa 386 12 functions function NNS work_i5jewootsnhvrcvfsugrmdljaa 386 13 . . . work_i5jewootsnhvrcvfsugrmdljaa 387 1 Adding add VBG work_i5jewootsnhvrcvfsugrmdljaa 387 2 to to IN work_i5jewootsnhvrcvfsugrmdljaa 387 3 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 387 4 anonymity anonymity NN work_i5jewootsnhvrcvfsugrmdljaa 387 5 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 387 6 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 387 7 assume assume VBP work_i5jewootsnhvrcvfsugrmdljaa 387 8 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 387 9 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 387 10 knows know VBZ work_i5jewootsnhvrcvfsugrmdljaa 387 11 his -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 387 12 own own JJ work_i5jewootsnhvrcvfsugrmdljaa 387 13 and and CC work_i5jewootsnhvrcvfsugrmdljaa 387 14 the the DT work_i5jewootsnhvrcvfsugrmdljaa 387 15 marketg marketg NNS work_i5jewootsnhvrcvfsugrmdljaa 387 16 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 387 17 t t VBP work_i5jewootsnhvrcvfsugrmdljaa 387 18 distribution distribution NN work_i5jewootsnhvrcvfsugrmdljaa 387 19 of of IN work_i5jewootsnhvrcvfsugrmdljaa 387 20 across across IN work_i5jewootsnhvrcvfsugrmdljaa 387 21 k. k. NN work_i5jewootsnhvrcvfsugrmdljaa 387 22 As as IN work_i5jewootsnhvrcvfsugrmdljaa 387 23 to to IN work_i5jewootsnhvrcvfsugrmdljaa 387 24 past past NN work_i5jewootsnhvrcvfsugrmdljaa 387 25 , , , work_i5jewootsnhvrcvfsugrmdljaa 387 26 he -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 387 27 observes observe VBZ work_i5jewootsnhvrcvfsugrmdljaa 387 28 past past JJ work_i5jewootsnhvrcvfsugrmdljaa 387 29 distributions distribution NNS work_i5jewootsnhvrcvfsugrmdljaa 387 30 of of IN work_i5jewootsnhvrcvfsugrmdljaa 387 31 the the DT work_i5jewootsnhvrcvfsugrmdljaa 387 32 for for IN work_i5jewootsnhvrcvfsugrmdljaa 387 33 all all DT work_i5jewootsnhvrcvfsugrmdljaa 387 34 τ τ NN work_i5jewootsnhvrcvfsugrmdljaa 387 35 < < XX work_i5jewootsnhvrcvfsugrmdljaa 387 36 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 387 37 hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 387 38 heg heg NNP work_i5jewootsnhvrcvfsugrmdljaa 387 39 k k NNP work_i5jewootsnhvrcvfsugrmdljaa 387 40 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 387 41 g g NNP work_i5jewootsnhvrcvfsugrmdljaa 387 42 k k NNP work_i5jewootsnhvrcvfsugrmdljaa 387 43 τ τ NNP work_i5jewootsnhvrcvfsugrmdljaa 387 44 knows know VBZ work_i5jewootsnhvrcvfsugrmdljaa 387 45 past past JJ work_i5jewootsnhvrcvfsugrmdljaa 387 46 values value NNS work_i5jewootsnhvrcvfsugrmdljaa 387 47 of of IN work_i5jewootsnhvrcvfsugrmdljaa 387 48 the the DT work_i5jewootsnhvrcvfsugrmdljaa 387 49 moments moment NNS work_i5jewootsnhvrcvfsugrmdljaa 387 50 of of IN work_i5jewootsnhvrcvfsugrmdljaa 387 51 the the DT work_i5jewootsnhvrcvfsugrmdljaa 387 52 distributions distribution NNS work_i5jewootsnhvrcvfsugrmdljaa 387 53 of of IN work_i5jewootsnhvrcvfsugrmdljaa 387 54 the the DT work_i5jewootsnhvrcvfsugrmdljaa 387 55 . . . work_i5jewootsnhvrcvfsugrmdljaa 388 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 388 2 specify specify VBP work_i5jewootsnhvrcvfsugrmdljaa 388 3 the the DT work_i5jewootsnhvrcvfsugrmdljaa 388 4 dynamics dynamic NNS work_i5jewootsnhvrcvfsugrmdljaa 388 5 of of IN work_i5jewootsnhvrcvfsugrmdljaa 388 6 by by IN work_i5jewootsnhvrcvfsugrmdljaa 388 7 g g NNP work_i5jewootsnhvrcvfsugrmdljaa 388 8 k k NNP work_i5jewootsnhvrcvfsugrmdljaa 388 9 τ τ NNP work_i5jewootsnhvrcvfsugrmdljaa 388 10 g g NNP work_i5jewootsnhvrcvfsugrmdljaa 388 11 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 388 12 t t NN work_i5jewootsnhvrcvfsugrmdljaa 388 13 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 388 14 10 10 CD work_i5jewootsnhvrcvfsugrmdljaa 388 15 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 388 16 g g NN work_i5jewootsnhvrcvfsugrmdljaa 388 17 i i NN work_i5jewootsnhvrcvfsugrmdljaa 388 18 t t NN work_i5jewootsnhvrcvfsugrmdljaa 388 19 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 388 20 λZ λZ NNP work_i5jewootsnhvrcvfsugrmdljaa 388 21 g g NNP work_i5jewootsnhvrcvfsugrmdljaa 388 22 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 388 23 t&1 t&1 VBP work_i5jewootsnhvrcvfsugrmdljaa 388 24 % % NN work_i5jewootsnhvrcvfsugrmdljaa 388 25 ρ ρ IN work_i5jewootsnhvrcvfsugrmdljaa 388 26 ig ig NNP work_i5jewootsnhvrcvfsugrmdljaa 388 27 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 388 28 , , , work_i5jewootsnhvrcvfsugrmdljaa 388 29 ρ ρ NN work_i5jewootsnhvrcvfsugrmdljaa 388 30 ig ig FW work_i5jewootsnhvrcvfsugrmdljaa 388 31 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 388 32 - - HYPH work_i5jewootsnhvrcvfsugrmdljaa 388 33 N N NNP work_i5jewootsnhvrcvfsugrmdljaa 388 34 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 388 35 0 0 NFP work_i5jewootsnhvrcvfsugrmdljaa 388 36 , , , work_i5jewootsnhvrcvfsugrmdljaa 388 37 σ σ NN work_i5jewootsnhvrcvfsugrmdljaa 388 38 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 388 39 g g NN work_i5jewootsnhvrcvfsugrmdljaa 388 40 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 388 41 where where WRB work_i5jewootsnhvrcvfsugrmdljaa 388 42 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 388 43 correlated correlate VBN work_i5jewootsnhvrcvfsugrmdljaa 388 44 across across IN work_i5jewootsnhvrcvfsugrmdljaa 388 45 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 388 46 reflecting reflect VBG work_i5jewootsnhvrcvfsugrmdljaa 388 47 correlation correlation NN work_i5jewootsnhvrcvfsugrmdljaa 388 48 of of IN work_i5jewootsnhvrcvfsugrmdljaa 388 49 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 388 50 across across IN work_i5jewootsnhvrcvfsugrmdljaa 388 51 individuals individual NNS work_i5jewootsnhvrcvfsugrmdljaa 388 52 . . . work_i5jewootsnhvrcvfsugrmdljaa 389 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 389 2 concept concept NN work_i5jewootsnhvrcvfsugrmdljaa 389 3 ofρ ofρ NNP work_i5jewootsnhvrcvfsugrmdljaa 389 4 ig ig NNP work_i5jewootsnhvrcvfsugrmdljaa 389 5 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 389 6 an an DT work_i5jewootsnhvrcvfsugrmdljaa 389 7 individual individual JJ work_i5jewootsnhvrcvfsugrmdljaa 389 8 state state NN work_i5jewootsnhvrcvfsugrmdljaa 389 9 of of IN work_i5jewootsnhvrcvfsugrmdljaa 389 10 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 389 11 , , , work_i5jewootsnhvrcvfsugrmdljaa 389 12 with with IN work_i5jewootsnhvrcvfsugrmdljaa 389 13 dynamics dynamic NNS work_i5jewootsnhvrcvfsugrmdljaa 389 14 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 389 15 10 10 CD work_i5jewootsnhvrcvfsugrmdljaa 389 16 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 389 17 , , , work_i5jewootsnhvrcvfsugrmdljaa 389 18 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 389 19 central central JJ work_i5jewootsnhvrcvfsugrmdljaa 389 20 to to IN work_i5jewootsnhvrcvfsugrmdljaa 389 21 our -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 389 22 development development NN work_i5jewootsnhvrcvfsugrmdljaa 389 23 . . . work_i5jewootsnhvrcvfsugrmdljaa 390 1 Here here RB work_i5jewootsnhvrcvfsugrmdljaa 390 2 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 390 3 state state VBP work_i5jewootsnhvrcvfsugrmdljaa 390 4 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 390 5 10 10 CD work_i5jewootsnhvrcvfsugrmdljaa 390 6 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 390 7 as as IN work_i5jewootsnhvrcvfsugrmdljaa 390 8 a a DT work_i5jewootsnhvrcvfsugrmdljaa 390 9 positive positive JJ work_i5jewootsnhvrcvfsugrmdljaa 390 10 description description NN work_i5jewootsnhvrcvfsugrmdljaa 390 11 of of IN work_i5jewootsnhvrcvfsugrmdljaa 390 12 type type NN work_i5jewootsnhvrcvfsugrmdljaa 390 13 heterogeneity heterogeneity NN work_i5jewootsnhvrcvfsugrmdljaa 390 14 but but CC work_i5jewootsnhvrcvfsugrmdljaa 390 15 in in IN work_i5jewootsnhvrcvfsugrmdljaa 390 16 Section section NN work_i5jewootsnhvrcvfsugrmdljaa 390 17 3.5 3.5 CD work_i5jewootsnhvrcvfsugrmdljaa 390 18 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 390 19 prove prove VBP work_i5jewootsnhvrcvfsugrmdljaa 390 20 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 390 21 10 10 CD work_i5jewootsnhvrcvfsugrmdljaa 390 22 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 390 23 as as IN work_i5jewootsnhvrcvfsugrmdljaa 390 24 a a DT work_i5jewootsnhvrcvfsugrmdljaa 390 25 consequence consequence NN work_i5jewootsnhvrcvfsugrmdljaa 390 26 of of IN work_i5jewootsnhvrcvfsugrmdljaa 390 27 a a DT work_i5jewootsnhvrcvfsugrmdljaa 390 28 Bayesian bayesian JJ work_i5jewootsnhvrcvfsugrmdljaa 390 29 updating updating NN work_i5jewootsnhvrcvfsugrmdljaa 390 30 procedure procedure NN work_i5jewootsnhvrcvfsugrmdljaa 390 31 . . . work_i5jewootsnhvrcvfsugrmdljaa 391 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 391 2 postpone postpone VBP work_i5jewootsnhvrcvfsugrmdljaa 391 3 this this DT work_i5jewootsnhvrcvfsugrmdljaa 391 4 demonstration demonstration NN work_i5jewootsnhvrcvfsugrmdljaa 391 5 in in IN work_i5jewootsnhvrcvfsugrmdljaa 391 6 order order NN work_i5jewootsnhvrcvfsugrmdljaa 391 7 to to TO work_i5jewootsnhvrcvfsugrmdljaa 391 8 explain explain VB work_i5jewootsnhvrcvfsugrmdljaa 391 9 first first RB work_i5jewootsnhvrcvfsugrmdljaa 391 10 the the DT work_i5jewootsnhvrcvfsugrmdljaa 391 11 asset asset NN work_i5jewootsnhvrcvfsugrmdljaa 391 12 pricing pricing NN work_i5jewootsnhvrcvfsugrmdljaa 391 13 theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 391 14 implied imply VBN work_i5jewootsnhvrcvfsugrmdljaa 391 15 by by IN work_i5jewootsnhvrcvfsugrmdljaa 391 16 our -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 391 17 model model NN work_i5jewootsnhvrcvfsugrmdljaa 391 18 of of IN work_i5jewootsnhvrcvfsugrmdljaa 391 19 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 391 20 . . . work_i5jewootsnhvrcvfsugrmdljaa 392 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 392 2 note note VBP work_i5jewootsnhvrcvfsugrmdljaa 392 3 that that IN work_i5jewootsnhvrcvfsugrmdljaa 392 4 in in IN work_i5jewootsnhvrcvfsugrmdljaa 392 5 general general JJ work_i5jewootsnhvrcvfsugrmdljaa 392 6 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 392 7 used use VBN work_i5jewootsnhvrcvfsugrmdljaa 392 8 to to TO work_i5jewootsnhvrcvfsugrmdljaa 392 9 express express VB work_i5jewootsnhvrcvfsugrmdljaa 392 10 a a DT work_i5jewootsnhvrcvfsugrmdljaa 392 11 trader’sg trader’sg NNP work_i5jewootsnhvrcvfsugrmdljaa 392 12 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 392 13 t t NN work_i5jewootsnhvrcvfsugrmdljaa 392 14 assessment assessment NN work_i5jewootsnhvrcvfsugrmdljaa 392 15 of of IN work_i5jewootsnhvrcvfsugrmdljaa 392 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 392 17 difference difference NN work_i5jewootsnhvrcvfsugrmdljaa 392 18 between between IN work_i5jewootsnhvrcvfsugrmdljaa 392 19 date date NN work_i5jewootsnhvrcvfsugrmdljaa 392 20 t t NN work_i5jewootsnhvrcvfsugrmdljaa 392 21 distribution distribution NN work_i5jewootsnhvrcvfsugrmdljaa 392 22 of of IN work_i5jewootsnhvrcvfsugrmdljaa 392 23 an an DT work_i5jewootsnhvrcvfsugrmdljaa 392 24 observable observable JJ work_i5jewootsnhvrcvfsugrmdljaa 392 25 state state NN work_i5jewootsnhvrcvfsugrmdljaa 392 26 variable variable NN work_i5jewootsnhvrcvfsugrmdljaa 392 27 and and CC work_i5jewootsnhvrcvfsugrmdljaa 392 28 the the DT work_i5jewootsnhvrcvfsugrmdljaa 392 29 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 392 30 distribution distribution NN work_i5jewootsnhvrcvfsugrmdljaa 392 31 m. m. NN work_i5jewootsnhvrcvfsugrmdljaa 392 32 In in IN work_i5jewootsnhvrcvfsugrmdljaa 392 33 the the DT work_i5jewootsnhvrcvfsugrmdljaa 392 34 model model NN work_i5jewootsnhvrcvfsugrmdljaa 392 35 of of IN work_i5jewootsnhvrcvfsugrmdljaa 392 36 this this DT work_i5jewootsnhvrcvfsugrmdljaa 392 37 paper paper NN work_i5jewootsnhvrcvfsugrmdljaa 392 38 the the DT work_i5jewootsnhvrcvfsugrmdljaa 392 39 perception perception NN work_i5jewootsnhvrcvfsugrmdljaa 392 40 of of IN work_i5jewootsnhvrcvfsugrmdljaa 392 41 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 392 42 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 392 43 regarding regard VBG work_i5jewootsnhvrcvfsugrmdljaa 392 44 at at IN work_i5jewootsnhvrcvfsugrmdljaa 392 45 date date NN work_i5jewootsnhvrcvfsugrmdljaa 392 46 tQt tQt . work_i5jewootsnhvrcvfsugrmdljaa 392 47 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 392 48 denoted denote VBN work_i5jewootsnhvrcvfsugrmdljaa 392 49 by by IN work_i5jewootsnhvrcvfsugrmdljaa 392 50 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 392 51 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 392 52 described describe VBN work_i5jewootsnhvrcvfsugrmdljaa 392 53 by by IN work_i5jewootsnhvrcvfsugrmdljaa 392 54 using use VBG work_i5jewootsnhvrcvfsugrmdljaa 392 55 the the DT work_i5jewootsnhvrcvfsugrmdljaa 392 56 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 392 57 state state NN work_i5jewootsnhvrcvfsugrmdljaa 392 58 as as IN work_i5jewootsnhvrcvfsugrmdljaa 392 59 followsQ followsQ NNP work_i5jewootsnhvrcvfsugrmdljaa 392 60 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 392 61 t t NN work_i5jewootsnhvrcvfsugrmdljaa 392 62 g g NN work_i5jewootsnhvrcvfsugrmdljaa 392 63 i i NN work_i5jewootsnhvrcvfsugrmdljaa 392 64 t t NN work_i5jewootsnhvrcvfsugrmdljaa 392 65 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 392 66 11a 11a NNS work_i5jewootsnhvrcvfsugrmdljaa 392 67 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 392 68 .Q .Q . work_i5jewootsnhvrcvfsugrmdljaa 392 69 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 392 70 t t VBP work_i5jewootsnhvrcvfsugrmdljaa 392 71 ' ' `` work_i5jewootsnhvrcvfsugrmdljaa 392 72 λQ λQ NNP work_i5jewootsnhvrcvfsugrmdljaa 392 73 Qt&1 qt&1 NN work_i5jewootsnhvrcvfsugrmdljaa 392 74 % % NN work_i5jewootsnhvrcvfsugrmdljaa 392 75 λ λ NNP work_i5jewootsnhvrcvfsugrmdljaa 392 76 g g NN work_i5jewootsnhvrcvfsugrmdljaa 392 77 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 392 78 g g NN work_i5jewootsnhvrcvfsugrmdljaa 392 79 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 392 80 t t VBP work_i5jewootsnhvrcvfsugrmdljaa 392 81 % % NN work_i5jewootsnhvrcvfsugrmdljaa 392 82 ρ ρ NNP work_i5jewootsnhvrcvfsugrmdljaa 392 83 iQ iQ NNP work_i5jewootsnhvrcvfsugrmdljaa 392 84 t t NN work_i5jewootsnhvrcvfsugrmdljaa 392 85 , , , work_i5jewootsnhvrcvfsugrmdljaa 392 86 ρ ρ NNP work_i5jewootsnhvrcvfsugrmdljaa 392 87 iQ iQ NNP work_i5jewootsnhvrcvfsugrmdljaa 392 88 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 392 89 - - HYPH work_i5jewootsnhvrcvfsugrmdljaa 392 90 N n NN work_i5jewootsnhvrcvfsugrmdljaa 392 91 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 392 92 0 0 NFP work_i5jewootsnhvrcvfsugrmdljaa 392 93 , , , work_i5jewootsnhvrcvfsugrmdljaa 392 94 σ̂ σ̂ NNP work_i5jewootsnhvrcvfsugrmdljaa 392 95 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 392 96 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 392 97 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 392 98 The the DT work_i5jewootsnhvrcvfsugrmdljaa 392 99 assumption assumption NN work_i5jewootsnhvrcvfsugrmdljaa 392 100 that that WDT work_i5jewootsnhvrcvfsugrmdljaa 392 101 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 392 102 the the DT work_i5jewootsnhvrcvfsugrmdljaa 392 103 same same JJ work_i5jewootsnhvrcvfsugrmdljaa 392 104 for for IN work_i5jewootsnhvrcvfsugrmdljaa 392 105 all all DT work_i5jewootsnhvrcvfsugrmdljaa 392 106 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 392 107 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 392 108 made make VBN work_i5jewootsnhvrcvfsugrmdljaa 392 109 for for IN work_i5jewootsnhvrcvfsugrmdljaa 392 110 simplicity simplicity NN work_i5jewootsnhvrcvfsugrmdljaa 392 111 . . . work_i5jewootsnhvrcvfsugrmdljaa 393 1 It -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 393 2 follows follow VBZ work_i5jewootsnhvrcvfsugrmdljaa 393 3 that that IN work_i5jewootsnhvrcvfsugrmdljaa 393 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 393 5 state state NN work_i5jewootsnhvrcvfsugrmdljaa 393 6 ofσ̂ ofσ̂ NN work_i5jewootsnhvrcvfsugrmdljaa 393 7 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 393 8 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 393 9 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 393 10 measures measure NNS work_i5jewootsnhvrcvfsugrmdljaa 393 11 the the DT work_i5jewootsnhvrcvfsugrmdljaa 393 12 deviation deviation NN work_i5jewootsnhvrcvfsugrmdljaa 393 13 of of IN work_i5jewootsnhvrcvfsugrmdljaa 393 14 his -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 393 15 forecast forecast NN work_i5jewootsnhvrcvfsugrmdljaa 393 16 from from IN work_i5jewootsnhvrcvfsugrmdljaa 393 17 the the DT work_i5jewootsnhvrcvfsugrmdljaa 393 18 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 393 19 stationary stationary JJ work_i5jewootsnhvrcvfsugrmdljaa 393 20 forecastg forecastg NN work_i5jewootsnhvrcvfsugrmdljaa 393 21 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 393 22 t t VBZ work_i5jewootsnhvrcvfsugrmdljaa 393 23 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 393 24 11b 11b NNS work_i5jewootsnhvrcvfsugrmdljaa 393 25 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 393 26 .E .E . work_i5jewootsnhvrcvfsugrmdljaa 393 27 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 393 28 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 393 29 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 393 30 i i NN work_i5jewootsnhvrcvfsugrmdljaa 393 31 t t NN work_i5jewootsnhvrcvfsugrmdljaa 393 32 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 393 33 Ht Ht NNP work_i5jewootsnhvrcvfsugrmdljaa 393 34 , , , work_i5jewootsnhvrcvfsugrmdljaa 393 35 g g NNP work_i5jewootsnhvrcvfsugrmdljaa 393 36 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 393 37 t t NN work_i5jewootsnhvrcvfsugrmdljaa 393 38 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 393 39 & & CC work_i5jewootsnhvrcvfsugrmdljaa 393 40 E E NNP work_i5jewootsnhvrcvfsugrmdljaa 393 41 m m NN work_i5jewootsnhvrcvfsugrmdljaa 393 42 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 393 43 Qt Qt NNP work_i5jewootsnhvrcvfsugrmdljaa 393 44 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 393 45 Ht Ht NNP work_i5jewootsnhvrcvfsugrmdljaa 393 46 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 393 47 ' ' `` work_i5jewootsnhvrcvfsugrmdljaa 393 48 λ λ NN work_i5jewootsnhvrcvfsugrmdljaa 393 49 g g NN work_i5jewootsnhvrcvfsugrmdljaa 393 50 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 393 51 g g NN work_i5jewootsnhvrcvfsugrmdljaa 393 52 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 393 53 t t XX work_i5jewootsnhvrcvfsugrmdljaa 393 54 Indeed indeed RB work_i5jewootsnhvrcvfsugrmdljaa 393 55 , , , work_i5jewootsnhvrcvfsugrmdljaa 393 56 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 393 57 11b 11b NNS work_i5jewootsnhvrcvfsugrmdljaa 393 58 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 393 59 shows show VBZ work_i5jewootsnhvrcvfsugrmdljaa 393 60 how how WRB work_i5jewootsnhvrcvfsugrmdljaa 393 61 to to TO work_i5jewootsnhvrcvfsugrmdljaa 393 62 measure measure VB work_i5jewootsnhvrcvfsugrmdljaa 393 63 in in IN work_i5jewootsnhvrcvfsugrmdljaa 393 64 practice practice NN work_i5jewootsnhvrcvfsugrmdljaa 393 65 . . . work_i5jewootsnhvrcvfsugrmdljaa 394 1 For for IN work_i5jewootsnhvrcvfsugrmdljaa 394 2 any any DT work_i5jewootsnhvrcvfsugrmdljaa 394 3 state state NN work_i5jewootsnhvrcvfsugrmdljaa 394 4 variable variable JJ work_i5jewootsnhvrcvfsugrmdljaa 394 5 Xt xt NN work_i5jewootsnhvrcvfsugrmdljaa 394 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 394 7 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 394 8 on on IN work_i5jewootsnhvrcvfsugrmdljaa 394 9 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 394 10 ’s ’s POS work_i5jewootsnhvrcvfsugrmdljaa 394 11 forecasts forecast VBZ work_i5jewootsnhvrcvfsugrmdljaa 394 12 ofg ofg NNP work_i5jewootsnhvrcvfsugrmdljaa 394 13 i i NN work_i5jewootsnhvrcvfsugrmdljaa 394 14 t t XX work_i5jewootsnhvrcvfsugrmdljaa 394 15 Xt Xt NNP work_i5jewootsnhvrcvfsugrmdljaa 394 16 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 394 17 in in IN work_i5jewootsnhvrcvfsugrmdljaa 394 18 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 394 19 11b 11b NNS work_i5jewootsnhvrcvfsugrmdljaa 394 20 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 394 21 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 394 22 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 394 23 Qt Qt NNP work_i5jewootsnhvrcvfsugrmdljaa 394 24 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 394 25 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 394 26 measured measure VBN work_i5jewootsnhvrcvfsugrmdljaa 394 27 by by IN work_i5jewootsnhvrcvfsugrmdljaa 394 28 . . . work_i5jewootsnhvrcvfsugrmdljaa 395 1 One one CD work_i5jewootsnhvrcvfsugrmdljaa 395 2 then then RB work_i5jewootsnhvrcvfsugrmdljaa 395 3 uses use VBZ work_i5jewootsnhvrcvfsugrmdljaa 395 4 standard standard JJ work_i5jewootsnhvrcvfsugrmdljaa 395 5 econometric econometric JJ work_i5jewootsnhvrcvfsugrmdljaa 395 6 techniquesE techniquesE NNP work_i5jewootsnhvrcvfsugrmdljaa 395 7 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 395 8 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 395 9 X x NN work_i5jewootsnhvrcvfsugrmdljaa 395 10 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 395 11 t t NN work_i5jewootsnhvrcvfsugrmdljaa 395 12 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 395 13 Ht Ht NNP work_i5jewootsnhvrcvfsugrmdljaa 395 14 , , , work_i5jewootsnhvrcvfsugrmdljaa 395 15 g g NNP work_i5jewootsnhvrcvfsugrmdljaa 395 16 i i NN work_i5jewootsnhvrcvfsugrmdljaa 395 17 t t NN work_i5jewootsnhvrcvfsugrmdljaa 395 18 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 395 19 9 9 CD work_i5jewootsnhvrcvfsugrmdljaa 395 20 Keep keep VB work_i5jewootsnhvrcvfsugrmdljaa 395 21 in in IN work_i5jewootsnhvrcvfsugrmdljaa 395 22 mind mind NN work_i5jewootsnhvrcvfsugrmdljaa 395 23 the the DT work_i5jewootsnhvrcvfsugrmdljaa 395 24 unnatural unnatural JJ work_i5jewootsnhvrcvfsugrmdljaa 395 25 timing timing NN work_i5jewootsnhvrcvfsugrmdljaa 395 26 in in IN work_i5jewootsnhvrcvfsugrmdljaa 395 27 the the DT work_i5jewootsnhvrcvfsugrmdljaa 395 28 model model NN work_i5jewootsnhvrcvfsugrmdljaa 395 29 . . . work_i5jewootsnhvrcvfsugrmdljaa 396 1 At at IN work_i5jewootsnhvrcvfsugrmdljaa 396 2 date date NN work_i5jewootsnhvrcvfsugrmdljaa 396 3 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 396 4 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 396 5 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 396 6 has have VBZ work_i5jewootsnhvrcvfsugrmdljaa 396 7 a a DT work_i5jewootsnhvrcvfsugrmdljaa 396 8 state state NN work_i5jewootsnhvrcvfsugrmdljaa 396 9 of of IN work_i5jewootsnhvrcvfsugrmdljaa 396 10 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 396 11 about about IN work_i5jewootsnhvrcvfsugrmdljaa 396 12 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 396 13 he -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 396 14 doesg doesg VBP work_i5jewootsnhvrcvfsugrmdljaa 396 15 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 396 16 not not RB work_i5jewootsnhvrcvfsugrmdljaa 396 17 know know VBP work_i5jewootsnhvrcvfsugrmdljaa 396 18 . . . work_i5jewootsnhvrcvfsugrmdljaa 397 1 These these DT work_i5jewootsnhvrcvfsugrmdljaa 397 2 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 397 3 : : : work_i5jewootsnhvrcvfsugrmdljaa 397 4 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 397 5 i i NN work_i5jewootsnhvrcvfsugrmdljaa 397 6 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 397 7 Qt qt VBP work_i5jewootsnhvrcvfsugrmdljaa 397 8 to to TO work_i5jewootsnhvrcvfsugrmdljaa 397 9 be be VB work_i5jewootsnhvrcvfsugrmdljaa 397 10 announced announce VBN work_i5jewootsnhvrcvfsugrmdljaa 397 11 at at IN work_i5jewootsnhvrcvfsugrmdljaa 397 12 the the DT work_i5jewootsnhvrcvfsugrmdljaa 397 13 end end NN work_i5jewootsnhvrcvfsugrmdljaa 397 14 of of IN work_i5jewootsnhvrcvfsugrmdljaa 397 15 date date NN work_i5jewootsnhvrcvfsugrmdljaa 397 16 t t NN work_i5jewootsnhvrcvfsugrmdljaa 397 17 , , , work_i5jewootsnhvrcvfsugrmdljaa 397 18 and and CC work_i5jewootsnhvrcvfsugrmdljaa 397 19 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 397 20 ii ii NNP work_i5jewootsnhvrcvfsugrmdljaa 397 21 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 397 22 Zt+1 Zt+1 NNP work_i5jewootsnhvrcvfsugrmdljaa 397 23 to to TO work_i5jewootsnhvrcvfsugrmdljaa 397 24 be be VB work_i5jewootsnhvrcvfsugrmdljaa 397 25 revealed reveal VBN work_i5jewootsnhvrcvfsugrmdljaa 397 26 at at IN work_i5jewootsnhvrcvfsugrmdljaa 397 27 the the DT work_i5jewootsnhvrcvfsugrmdljaa 397 28 start start NN work_i5jewootsnhvrcvfsugrmdljaa 397 29 of of IN work_i5jewootsnhvrcvfsugrmdljaa 397 30 t+1 t+1 NN work_i5jewootsnhvrcvfsugrmdljaa 397 31 . . . work_i5jewootsnhvrcvfsugrmdljaa 398 1 This this DT work_i5jewootsnhvrcvfsugrmdljaa 398 2 peculiar peculiar JJ work_i5jewootsnhvrcvfsugrmdljaa 398 3 timing timing NN work_i5jewootsnhvrcvfsugrmdljaa 398 4 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 398 5 a a DT work_i5jewootsnhvrcvfsugrmdljaa 398 6 consequence consequence NN work_i5jewootsnhvrcvfsugrmdljaa 398 7 of of IN work_i5jewootsnhvrcvfsugrmdljaa 398 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 398 9 timing timing NN work_i5jewootsnhvrcvfsugrmdljaa 398 10 in in IN work_i5jewootsnhvrcvfsugrmdljaa 398 11 the the DT work_i5jewootsnhvrcvfsugrmdljaa 398 12 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 398 13 information information NN work_i5jewootsnhvrcvfsugrmdljaa 398 14 model model NN work_i5jewootsnhvrcvfsugrmdljaa 398 15 presented present VBN work_i5jewootsnhvrcvfsugrmdljaa 398 16 in in IN work_i5jewootsnhvrcvfsugrmdljaa 398 17 the the DT work_i5jewootsnhvrcvfsugrmdljaa 398 18 Introduction introduction NN work_i5jewootsnhvrcvfsugrmdljaa 398 19 according accord VBG work_i5jewootsnhvrcvfsugrmdljaa 398 20 to to IN work_i5jewootsnhvrcvfsugrmdljaa 398 21 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 398 22 Qt Qt NNP work_i5jewootsnhvrcvfsugrmdljaa 398 23 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 398 24 revealed reveal VBN work_i5jewootsnhvrcvfsugrmdljaa 398 25 at at IN work_i5jewootsnhvrcvfsugrmdljaa 398 26 the the DT work_i5jewootsnhvrcvfsugrmdljaa 398 27 end end NN work_i5jewootsnhvrcvfsugrmdljaa 398 28 of of IN work_i5jewootsnhvrcvfsugrmdljaa 398 29 date date NN work_i5jewootsnhvrcvfsugrmdljaa 398 30 t. t. NN work_i5jewootsnhvrcvfsugrmdljaa 398 31 Also also RB work_i5jewootsnhvrcvfsugrmdljaa 398 32 , , , work_i5jewootsnhvrcvfsugrmdljaa 398 33 for for IN work_i5jewootsnhvrcvfsugrmdljaa 398 34 simplicity simplicity NN work_i5jewootsnhvrcvfsugrmdljaa 398 35 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 398 36 assume assume VBP work_i5jewootsnhvrcvfsugrmdljaa 398 37 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 398 38 14a)-(14b 14a)-(14b NN work_i5jewootsnhvrcvfsugrmdljaa 398 39 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 398 40 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 398 41 the the DT work_i5jewootsnhvrcvfsugrmdljaa 398 42 same same JJ work_i5jewootsnhvrcvfsugrmdljaa 398 43 across across IN work_i5jewootsnhvrcvfsugrmdljaa 398 44 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 398 45 : : : work_i5jewootsnhvrcvfsugrmdljaa 398 46 diversity diversity NN work_i5jewootsnhvrcvfsugrmdljaa 398 47 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 398 48 in in IN work_i5jewootsnhvrcvfsugrmdljaa 398 49 the the DT work_i5jewootsnhvrcvfsugrmdljaa 398 50 .g .g . work_i5jewootsnhvrcvfsugrmdljaa 398 51 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 398 52 20 20 CD work_i5jewootsnhvrcvfsugrmdljaa 398 53 to to TO work_i5jewootsnhvrcvfsugrmdljaa 398 54 construct construct VB work_i5jewootsnhvrcvfsugrmdljaa 398 55 the the DT work_i5jewootsnhvrcvfsugrmdljaa 398 56 stationary stationary JJ work_i5jewootsnhvrcvfsugrmdljaa 398 57 forecast forecast NN work_i5jewootsnhvrcvfsugrmdljaa 398 58 with with IN work_i5jewootsnhvrcvfsugrmdljaa 398 59 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 398 60 one one NN work_i5jewootsnhvrcvfsugrmdljaa 398 61 empirically empirically RB work_i5jewootsnhvrcvfsugrmdljaa 398 62 constructs construct VBZ work_i5jewootsnhvrcvfsugrmdljaa 398 63 the the DT work_i5jewootsnhvrcvfsugrmdljaa 398 64 differenceE differenceE NNP work_i5jewootsnhvrcvfsugrmdljaa 398 65 m m NN work_i5jewootsnhvrcvfsugrmdljaa 398 66 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 398 67 Xt Xt NNP work_i5jewootsnhvrcvfsugrmdljaa 398 68 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 398 69 Ht Ht NNP work_i5jewootsnhvrcvfsugrmdljaa 398 70 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 398 71 in in IN work_i5jewootsnhvrcvfsugrmdljaa 398 72 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 398 73 11b 11b NNS work_i5jewootsnhvrcvfsugrmdljaa 398 74 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 398 75 . . . work_i5jewootsnhvrcvfsugrmdljaa 399 1 This this DT work_i5jewootsnhvrcvfsugrmdljaa 399 2 construction construction NN work_i5jewootsnhvrcvfsugrmdljaa 399 3 and and CC work_i5jewootsnhvrcvfsugrmdljaa 399 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 399 5 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 399 6 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 399 7 makes make VBZ work_i5jewootsnhvrcvfsugrmdljaa 399 8 available available JJ work_i5jewootsnhvrcvfsugrmdljaa 399 9 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 399 10 at at IN work_i5jewootsnhvrcvfsugrmdljaa 399 11 the the DT work_i5jewootsnhvrcvfsugrmdljaa 399 12 core core NN work_i5jewootsnhvrcvfsugrmdljaa 399 13 of of IN work_i5jewootsnhvrcvfsugrmdljaa 399 14 the the DT work_i5jewootsnhvrcvfsugrmdljaa 399 15 papers paper NNS work_i5jewootsnhvrcvfsugrmdljaa 399 16 by by IN work_i5jewootsnhvrcvfsugrmdljaa 399 17 Fan Fan NNP work_i5jewootsnhvrcvfsugrmdljaa 399 18 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 399 19 2005 2005 CD work_i5jewootsnhvrcvfsugrmdljaa 399 20 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 399 21 and and CC work_i5jewootsnhvrcvfsugrmdljaa 399 22 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 399 23 and and CC work_i5jewootsnhvrcvfsugrmdljaa 399 24 Motolese Motolese NNP work_i5jewootsnhvrcvfsugrmdljaa 399 25 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 399 26 2006 2006 CD work_i5jewootsnhvrcvfsugrmdljaa 399 27 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 399 28 . . . work_i5jewootsnhvrcvfsugrmdljaa 400 1 A a DT work_i5jewootsnhvrcvfsugrmdljaa 400 2 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 400 3 type type NN work_i5jewootsnhvrcvfsugrmdljaa 400 4 who who WP work_i5jewootsnhvrcvfsugrmdljaa 400 5 believes believe VBZ work_i5jewootsnhvrcvfsugrmdljaa 400 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 400 7 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 400 8 distribution distribution NN work_i5jewootsnhvrcvfsugrmdljaa 400 9 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 400 10 the the DT work_i5jewootsnhvrcvfsugrmdljaa 400 11 truth truth NN work_i5jewootsnhvrcvfsugrmdljaa 400 12 , , , work_i5jewootsnhvrcvfsugrmdljaa 400 13 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 400 14 described describe VBN work_i5jewootsnhvrcvfsugrmdljaa 400 15 by by IN work_i5jewootsnhvrcvfsugrmdljaa 400 16 , , , work_i5jewootsnhvrcvfsugrmdljaa 400 17 hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 400 18 he -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 400 19 believes believe VBZ work_i5jewootsnhvrcvfsugrmdljaa 400 20 that that DT work_i5jewootsnhvrcvfsugrmdljaa 400 21 . . . work_i5jewootsnhvrcvfsugrmdljaa 401 1 Since since IN work_i5jewootsnhvrcvfsugrmdljaa 401 2 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 401 3 heterogeneity heterogeneity NN work_i5jewootsnhvrcvfsugrmdljaa 401 4 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 401 5 theg theg VBZ work_i5jewootsnhvrcvfsugrmdljaa 401 6 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 401 7 t t NN work_i5jewootsnhvrcvfsugrmdljaa 401 8 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 401 9 0 0 CD work_i5jewootsnhvrcvfsugrmdljaa 401 10 Qt Qt NNP work_i5jewootsnhvrcvfsugrmdljaa 401 11 - - HYPH work_i5jewootsnhvrcvfsugrmdljaa 401 12 N N NNP work_i5jewootsnhvrcvfsugrmdljaa 401 13 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 401 14 λQ λQ NNP work_i5jewootsnhvrcvfsugrmdljaa 401 15 Qt&1 Qt&1 NNP work_i5jewootsnhvrcvfsugrmdljaa 401 16 , , , work_i5jewootsnhvrcvfsugrmdljaa 401 17 σ σ NNP work_i5jewootsnhvrcvfsugrmdljaa 401 18 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 401 19 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 401 20 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 401 21 result result NN work_i5jewootsnhvrcvfsugrmdljaa 401 22 of of IN work_i5jewootsnhvrcvfsugrmdljaa 401 23 dynamic dynamic JJ work_i5jewootsnhvrcvfsugrmdljaa 401 24 non non JJ work_i5jewootsnhvrcvfsugrmdljaa 401 25 - - NN work_i5jewootsnhvrcvfsugrmdljaa 401 26 stationarity stationarity NN work_i5jewootsnhvrcvfsugrmdljaa 401 27 of of IN work_i5jewootsnhvrcvfsugrmdljaa 401 28 the the DT work_i5jewootsnhvrcvfsugrmdljaa 401 29 economy economy NN work_i5jewootsnhvrcvfsugrmdljaa 401 30 , , , work_i5jewootsnhvrcvfsugrmdljaa 401 31 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 401 32 should should MD work_i5jewootsnhvrcvfsugrmdljaa 401 33 be be VB work_i5jewootsnhvrcvfsugrmdljaa 401 34 clear clear JJ work_i5jewootsnhvrcvfsugrmdljaa 401 35 that that IN work_i5jewootsnhvrcvfsugrmdljaa 401 36 around around IN work_i5jewootsnhvrcvfsugrmdljaa 401 37 1900 1900 CD work_i5jewootsnhvrcvfsugrmdljaa 401 38 the the DT work_i5jewootsnhvrcvfsugrmdljaa 401 39 subjective subjective JJ work_i5jewootsnhvrcvfsugrmdljaa 401 40 assessments assessment NNS work_i5jewootsnhvrcvfsugrmdljaa 401 41 of of IN work_i5jewootsnhvrcvfsugrmdljaa 401 42 the the DT work_i5jewootsnhvrcvfsugrmdljaa 401 43 were be VBD work_i5jewootsnhvrcvfsugrmdljaa 401 44 related relate VBN work_i5jewootsnhvrcvfsugrmdljaa 401 45 to to IN work_i5jewootsnhvrcvfsugrmdljaa 401 46 the the DT work_i5jewootsnhvrcvfsugrmdljaa 401 47 development development NN work_i5jewootsnhvrcvfsugrmdljaa 401 48 of of IN work_i5jewootsnhvrcvfsugrmdljaa 401 49 electricity electricity NN work_i5jewootsnhvrcvfsugrmdljaa 401 50 and and CC work_i5jewootsnhvrcvfsugrmdljaa 401 51 the the DT work_i5jewootsnhvrcvfsugrmdljaa 401 52 combustion combustion NN work_i5jewootsnhvrcvfsugrmdljaa 401 53 engine engine NN work_i5jewootsnhvrcvfsugrmdljaa 401 54 , , , work_i5jewootsnhvrcvfsugrmdljaa 401 55 whileg whileg NNP work_i5jewootsnhvrcvfsugrmdljaa 401 56 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 401 57 t t VBP work_i5jewootsnhvrcvfsugrmdljaa 401 58 around around RB work_i5jewootsnhvrcvfsugrmdljaa 401 59 2000 2000 CD work_i5jewootsnhvrcvfsugrmdljaa 401 60 the the DT work_i5jewootsnhvrcvfsugrmdljaa 401 61 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 401 62 measured measure VBD work_i5jewootsnhvrcvfsugrmdljaa 401 63 the the DT work_i5jewootsnhvrcvfsugrmdljaa 401 64 impact impact NN work_i5jewootsnhvrcvfsugrmdljaa 401 65 of of IN work_i5jewootsnhvrcvfsugrmdljaa 401 66 computers computer NNS work_i5jewootsnhvrcvfsugrmdljaa 401 67 and and CC work_i5jewootsnhvrcvfsugrmdljaa 401 68 information information NN work_i5jewootsnhvrcvfsugrmdljaa 401 69 technology technology NN work_i5jewootsnhvrcvfsugrmdljaa 401 70 . . . work_i5jewootsnhvrcvfsugrmdljaa 402 1 Hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 402 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 402 3 g g NN work_i5jewootsnhvrcvfsugrmdljaa 402 4 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 402 5 t t XX work_i5jewootsnhvrcvfsugrmdljaa 402 6 success success NN work_i5jewootsnhvrcvfsugrmdljaa 402 7 or or CC work_i5jewootsnhvrcvfsugrmdljaa 402 8 failures failure NNS work_i5jewootsnhvrcvfsugrmdljaa 402 9 of of IN work_i5jewootsnhvrcvfsugrmdljaa 402 10 past past NN work_i5jewootsnhvrcvfsugrmdljaa 402 11 do do VBP work_i5jewootsnhvrcvfsugrmdljaa 402 12 not not RB work_i5jewootsnhvrcvfsugrmdljaa 402 13 really really RB work_i5jewootsnhvrcvfsugrmdljaa 402 14 tell tell VB work_i5jewootsnhvrcvfsugrmdljaa 402 15 you -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 402 16 anything anything NN work_i5jewootsnhvrcvfsugrmdljaa 402 17 what what WDT work_i5jewootsnhvrcvfsugrmdljaa 402 18 present present JJ work_i5jewootsnhvrcvfsugrmdljaa 402 19 day day NN work_i5jewootsnhvrcvfsugrmdljaa 402 20 should should MD work_i5jewootsnhvrcvfsugrmdljaa 402 21 be be VB work_i5jewootsnhvrcvfsugrmdljaa 402 22 . . . work_i5jewootsnhvrcvfsugrmdljaa 403 1 Thisg Thisg NNP work_i5jewootsnhvrcvfsugrmdljaa 403 2 i i NNP work_i5jewootsnhvrcvfsugrmdljaa 403 3 τ τ NN work_i5jewootsnhvrcvfsugrmdljaa 403 4 g g NN work_i5jewootsnhvrcvfsugrmdljaa 403 5 i i NN work_i5jewootsnhvrcvfsugrmdljaa 403 6 t t NN work_i5jewootsnhvrcvfsugrmdljaa 403 7 issue issue NN work_i5jewootsnhvrcvfsugrmdljaa 403 8 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 403 9 further further RB work_i5jewootsnhvrcvfsugrmdljaa 403 10 explored explore VBN work_i5jewootsnhvrcvfsugrmdljaa 403 11 in in IN work_i5jewootsnhvrcvfsugrmdljaa 403 12 Section section NN work_i5jewootsnhvrcvfsugrmdljaa 403 13 3.5 3.5 CD work_i5jewootsnhvrcvfsugrmdljaa 403 14 and and CC work_i5jewootsnhvrcvfsugrmdljaa 403 15 for for IN work_i5jewootsnhvrcvfsugrmdljaa 403 16 additional additional JJ work_i5jewootsnhvrcvfsugrmdljaa 403 17 details detail NNS work_i5jewootsnhvrcvfsugrmdljaa 403 18 see see VBP work_i5jewootsnhvrcvfsugrmdljaa 403 19 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 403 20 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 403 21 1997a 1997a CD work_i5jewootsnhvrcvfsugrmdljaa 403 22 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 403 23 . . . work_i5jewootsnhvrcvfsugrmdljaa 404 1 Denote Denote NNP work_i5jewootsnhvrcvfsugrmdljaa 404 2 by by IN work_i5jewootsnhvrcvfsugrmdljaa 404 3 the the DT work_i5jewootsnhvrcvfsugrmdljaa 404 4 first first JJ work_i5jewootsnhvrcvfsugrmdljaa 404 5 moment moment NN work_i5jewootsnhvrcvfsugrmdljaa 404 6 of of IN work_i5jewootsnhvrcvfsugrmdljaa 404 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 404 8 cross cross JJ work_i5jewootsnhvrcvfsugrmdljaa 404 9 sectional sectional JJ work_i5jewootsnhvrcvfsugrmdljaa 404 10 distribution distribution NN work_i5jewootsnhvrcvfsugrmdljaa 404 11 of of IN work_i5jewootsnhvrcvfsugrmdljaa 404 12 the the DT work_i5jewootsnhvrcvfsugrmdljaa 404 13 and and CC work_i5jewootsnhvrcvfsugrmdljaa 404 14 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 404 15 refer refer VBP work_i5jewootsnhvrcvfsugrmdljaa 404 16 to to IN work_i5jewootsnhvrcvfsugrmdljaa 404 17 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 404 18 asZt aszt UH work_i5jewootsnhvrcvfsugrmdljaa 404 19 g g NN work_i5jewootsnhvrcvfsugrmdljaa 404 20 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 404 21 t t VBP work_i5jewootsnhvrcvfsugrmdljaa 404 22 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 404 23 the the DT work_i5jewootsnhvrcvfsugrmdljaa 404 24 average average JJ work_i5jewootsnhvrcvfsugrmdljaa 404 25 state state NN work_i5jewootsnhvrcvfsugrmdljaa 404 26 of of IN work_i5jewootsnhvrcvfsugrmdljaa 404 27 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 404 28 . . . work_i5jewootsnhvrcvfsugrmdljaa 404 29 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 404 30 It -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 404 31 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 404 32 observable observable JJ work_i5jewootsnhvrcvfsugrmdljaa 404 33 . . . work_i5jewootsnhvrcvfsugrmdljaa 405 1 Due due IN work_i5jewootsnhvrcvfsugrmdljaa 405 2 to to IN work_i5jewootsnhvrcvfsugrmdljaa 405 3 correlation correlation NN work_i5jewootsnhvrcvfsugrmdljaa 405 4 across across IN work_i5jewootsnhvrcvfsugrmdljaa 405 5 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 405 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 405 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 405 8 law law NN work_i5jewootsnhvrcvfsugrmdljaa 405 9 of of IN work_i5jewootsnhvrcvfsugrmdljaa 405 10 large large JJ work_i5jewootsnhvrcvfsugrmdljaa 405 11 numbers number NNS work_i5jewootsnhvrcvfsugrmdljaa 405 12 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 405 13 not not RB work_i5jewootsnhvrcvfsugrmdljaa 405 14 operative operative JJ work_i5jewootsnhvrcvfsugrmdljaa 405 15 and and CC work_i5jewootsnhvrcvfsugrmdljaa 405 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 405 17 average average NN work_i5jewootsnhvrcvfsugrmdljaa 405 18 of of IN work_i5jewootsnhvrcvfsugrmdljaa 405 19 over over IN work_i5jewootsnhvrcvfsugrmdljaa 405 20 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 405 21 does do VBZ work_i5jewootsnhvrcvfsugrmdljaa 405 22 not not RB work_i5jewootsnhvrcvfsugrmdljaa 405 23 vanish vanish VB work_i5jewootsnhvrcvfsugrmdljaa 405 24 . . . work_i5jewootsnhvrcvfsugrmdljaa 406 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 406 2 write write VBP work_i5jewootsnhvrcvfsugrmdljaa 406 3 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 406 4 in in IN work_i5jewootsnhvrcvfsugrmdljaa 406 5 the the DT work_i5jewootsnhvrcvfsugrmdljaa 406 6 form form NN work_i5jewootsnhvrcvfsugrmdljaa 406 7 ρ ρ IN work_i5jewootsnhvrcvfsugrmdljaa 406 8 ig ig FW work_i5jewootsnhvrcvfsugrmdljaa 406 9 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 406 10 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 406 11 12 12 CD work_i5jewootsnhvrcvfsugrmdljaa 406 12 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 406 13 .Zt%1 .Zt%1 . work_i5jewootsnhvrcvfsugrmdljaa 406 14 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 406 15 λZ λZ NNP work_i5jewootsnhvrcvfsugrmdljaa 406 16 Zt Zt NNP work_i5jewootsnhvrcvfsugrmdljaa 406 17 % % NN work_i5jewootsnhvrcvfsugrmdljaa 406 18 ρ ρ IN work_i5jewootsnhvrcvfsugrmdljaa 406 19 Z z NN work_i5jewootsnhvrcvfsugrmdljaa 406 20 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 406 21 The the DT work_i5jewootsnhvrcvfsugrmdljaa 406 22 true true JJ work_i5jewootsnhvrcvfsugrmdljaa 406 23 distribution distribution NN work_i5jewootsnhvrcvfsugrmdljaa 406 24 of of IN work_i5jewootsnhvrcvfsugrmdljaa 406 25 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 406 26 unknown unknown JJ work_i5jewootsnhvrcvfsugrmdljaa 406 27 . . . work_i5jewootsnhvrcvfsugrmdljaa 407 1 Correlation correlation NN work_i5jewootsnhvrcvfsugrmdljaa 407 2 across across IN work_i5jewootsnhvrcvfsugrmdljaa 407 3 agents agent NNS work_i5jewootsnhvrcvfsugrmdljaa 407 4 exhibits exhibit VBZ work_i5jewootsnhvrcvfsugrmdljaa 407 5 non non AFX work_i5jewootsnhvrcvfsugrmdljaa 407 6 stationarity stationarity NN work_i5jewootsnhvrcvfsugrmdljaa 407 7 and and CC work_i5jewootsnhvrcvfsugrmdljaa 407 8 thisρ thisρ NNP work_i5jewootsnhvrcvfsugrmdljaa 407 9 Z Z NNP work_i5jewootsnhvrcvfsugrmdljaa 407 10 t%1 t%1 NN work_i5jewootsnhvrcvfsugrmdljaa 407 11 property property NN work_i5jewootsnhvrcvfsugrmdljaa 407 12 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 407 13 inherited inherit VBN work_i5jewootsnhvrcvfsugrmdljaa 407 14 by by IN work_i5jewootsnhvrcvfsugrmdljaa 407 15 the the DT work_i5jewootsnhvrcvfsugrmdljaa 407 16 { { -LRB- work_i5jewootsnhvrcvfsugrmdljaa 407 17 Zt Zt NNP work_i5jewootsnhvrcvfsugrmdljaa 407 18 , , , work_i5jewootsnhvrcvfsugrmdljaa 407 19 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 407 20 = = SYM work_i5jewootsnhvrcvfsugrmdljaa 407 21 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 407 22 , , , work_i5jewootsnhvrcvfsugrmdljaa 407 23 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 407 24 , , , work_i5jewootsnhvrcvfsugrmdljaa 407 25 ... ... : work_i5jewootsnhvrcvfsugrmdljaa 407 26 } } -RRB- work_i5jewootsnhvrcvfsugrmdljaa 407 27 process process NN work_i5jewootsnhvrcvfsugrmdljaa 407 28 . . . work_i5jewootsnhvrcvfsugrmdljaa 408 1 Since since IN work_i5jewootsnhvrcvfsugrmdljaa 408 2 Zt Zt NNP work_i5jewootsnhvrcvfsugrmdljaa 408 3 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 408 4 observable observable JJ work_i5jewootsnhvrcvfsugrmdljaa 408 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 408 6 market market NN work_i5jewootsnhvrcvfsugrmdljaa 408 7 participants participant NNS work_i5jewootsnhvrcvfsugrmdljaa 408 8 actually actually RB work_i5jewootsnhvrcvfsugrmdljaa 408 9 have have VBP work_i5jewootsnhvrcvfsugrmdljaa 408 10 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 408 11 on on IN work_i5jewootsnhvrcvfsugrmdljaa 408 12 the the DT work_i5jewootsnhvrcvfsugrmdljaa 408 13 joint joint JJ work_i5jewootsnhvrcvfsugrmdljaa 408 14 process process NN work_i5jewootsnhvrcvfsugrmdljaa 408 15 { { -LRB- work_i5jewootsnhvrcvfsugrmdljaa 408 16 } } -RRB- work_i5jewootsnhvrcvfsugrmdljaa 408 17 . . . work_i5jewootsnhvrcvfsugrmdljaa 409 1 Traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 409 2 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 409 3 thus thus RB work_i5jewootsnhvrcvfsugrmdljaa 409 4 assumed assume VBN work_i5jewootsnhvrcvfsugrmdljaa 409 5 to to TO work_i5jewootsnhvrcvfsugrmdljaa 409 6 know know VB work_i5jewootsnhvrcvfsugrmdljaa 409 7 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 409 8 Qt Qt NNP work_i5jewootsnhvrcvfsugrmdljaa 409 9 , , , work_i5jewootsnhvrcvfsugrmdljaa 409 10 Zt%1 Zt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 409 11 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 409 12 , , , work_i5jewootsnhvrcvfsugrmdljaa 409 13 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 409 14 ' ' POS work_i5jewootsnhvrcvfsugrmdljaa 409 15 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 409 16 , , , work_i5jewootsnhvrcvfsugrmdljaa 409 17 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 409 18 , , , work_i5jewootsnhvrcvfsugrmdljaa 409 19 . . . work_i5jewootsnhvrcvfsugrmdljaa 410 1 . . . work_i5jewootsnhvrcvfsugrmdljaa 411 1 . . . work_i5jewootsnhvrcvfsugrmdljaa 412 1 the the DT work_i5jewootsnhvrcvfsugrmdljaa 412 2 joint joint JJ work_i5jewootsnhvrcvfsugrmdljaa 412 3 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 412 4 distribution distribution NN work_i5jewootsnhvrcvfsugrmdljaa 412 5 of of IN work_i5jewootsnhvrcvfsugrmdljaa 412 6 these these DT work_i5jewootsnhvrcvfsugrmdljaa 412 7 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 412 8 . . . work_i5jewootsnhvrcvfsugrmdljaa 413 1 For for IN work_i5jewootsnhvrcvfsugrmdljaa 413 2 simplicity simplicity NN work_i5jewootsnhvrcvfsugrmdljaa 413 3 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 413 4 assume assume VBP work_i5jewootsnhvrcvfsugrmdljaa 413 5 that that IN work_i5jewootsnhvrcvfsugrmdljaa 413 6 this this DT work_i5jewootsnhvrcvfsugrmdljaa 413 7 distribution distribution NN work_i5jewootsnhvrcvfsugrmdljaa 413 8 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 413 9 described describe VBN work_i5jewootsnhvrcvfsugrmdljaa 413 10 by by IN work_i5jewootsnhvrcvfsugrmdljaa 413 11 the the DT work_i5jewootsnhvrcvfsugrmdljaa 413 12 system system NN work_i5jewootsnhvrcvfsugrmdljaa 413 13 of of IN work_i5jewootsnhvrcvfsugrmdljaa 413 14 equations equation NNS work_i5jewootsnhvrcvfsugrmdljaa 413 15 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 413 16 13a 13a NNS work_i5jewootsnhvrcvfsugrmdljaa 413 17 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 413 18 Qt Qt NNP work_i5jewootsnhvrcvfsugrmdljaa 413 19 ' ' `` work_i5jewootsnhvrcvfsugrmdljaa 413 20 λQ λQ NNP work_i5jewootsnhvrcvfsugrmdljaa 413 21 Qt&1 qt&1 NN work_i5jewootsnhvrcvfsugrmdljaa 413 22 % % NN work_i5jewootsnhvrcvfsugrmdljaa 413 23 ρ ρ IN work_i5jewootsnhvrcvfsugrmdljaa 413 24 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 413 25 t t NN work_i5jewootsnhvrcvfsugrmdljaa 413 26 ρ ρ NN work_i5jewootsnhvrcvfsugrmdljaa 413 27 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 413 28 t t NN work_i5jewootsnhvrcvfsugrmdljaa 413 29 ρ ρ NN work_i5jewootsnhvrcvfsugrmdljaa 413 30 Z Z NNP work_i5jewootsnhvrcvfsugrmdljaa 413 31 t%1 t%1 VBN work_i5jewootsnhvrcvfsugrmdljaa 413 32 - - HYPH work_i5jewootsnhvrcvfsugrmdljaa 413 33 N n NN work_i5jewootsnhvrcvfsugrmdljaa 413 34 0 0 CD work_i5jewootsnhvrcvfsugrmdljaa 413 35 0 0 CD work_i5jewootsnhvrcvfsugrmdljaa 413 36 , , , work_i5jewootsnhvrcvfsugrmdljaa 413 37 σ σ NNP work_i5jewootsnhvrcvfsugrmdljaa 413 38 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 413 39 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 413 40 , , , work_i5jewootsnhvrcvfsugrmdljaa 413 41 0 0 CD work_i5jewootsnhvrcvfsugrmdljaa 413 42 , , , work_i5jewootsnhvrcvfsugrmdljaa 413 43 0 0 CD work_i5jewootsnhvrcvfsugrmdljaa 413 44 , , , work_i5jewootsnhvrcvfsugrmdljaa 413 45 σ σ NN work_i5jewootsnhvrcvfsugrmdljaa 413 46 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 413 47 Z z NN work_i5jewootsnhvrcvfsugrmdljaa 413 48 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 413 49 Σ Σ NNP work_i5jewootsnhvrcvfsugrmdljaa 413 50 , , , work_i5jewootsnhvrcvfsugrmdljaa 413 51 i.i.d i.i.d NN work_i5jewootsnhvrcvfsugrmdljaa 413 52 . . . work_i5jewootsnhvrcvfsugrmdljaa 414 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 414 2 13b 13b NNS work_i5jewootsnhvrcvfsugrmdljaa 414 3 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 414 4 Zt%1 zt%1 XX work_i5jewootsnhvrcvfsugrmdljaa 414 5 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 414 6 λZ λZ NNP work_i5jewootsnhvrcvfsugrmdljaa 414 7 Zt Zt NNP work_i5jewootsnhvrcvfsugrmdljaa 414 8 % % NN work_i5jewootsnhvrcvfsugrmdljaa 414 9 ρ ρ IN work_i5jewootsnhvrcvfsugrmdljaa 414 10 Z Z NNP work_i5jewootsnhvrcvfsugrmdljaa 414 11 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 414 12 Now now RB work_i5jewootsnhvrcvfsugrmdljaa 414 13 , , , work_i5jewootsnhvrcvfsugrmdljaa 414 14 a a DT work_i5jewootsnhvrcvfsugrmdljaa 414 15 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 414 16 who who WP work_i5jewootsnhvrcvfsugrmdljaa 414 17 does do VBZ work_i5jewootsnhvrcvfsugrmdljaa 414 18 not not RB work_i5jewootsnhvrcvfsugrmdljaa 414 19 believe believe VB work_i5jewootsnhvrcvfsugrmdljaa 414 20 that that IN work_i5jewootsnhvrcvfsugrmdljaa 414 21 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 414 22 13a)-(13b 13a)-(13b CD work_i5jewootsnhvrcvfsugrmdljaa 414 23 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 414 24 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 414 25 the the DT work_i5jewootsnhvrcvfsugrmdljaa 414 26 truth truth NN work_i5jewootsnhvrcvfsugrmdljaa 414 27 for for IN work_i5jewootsnhvrcvfsugrmdljaa 414 28 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 414 29 , , , work_i5jewootsnhvrcvfsugrmdljaa 414 30 formulates formulate VBZ work_i5jewootsnhvrcvfsugrmdljaa 414 31 his -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 414 32 own own JJ work_i5jewootsnhvrcvfsugrmdljaa 414 33 model\belief model\belief NN work_i5jewootsnhvrcvfsugrmdljaa 414 34 . . . work_i5jewootsnhvrcvfsugrmdljaa 415 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 415 2 have have VBP work_i5jewootsnhvrcvfsugrmdljaa 415 3 seen see VBN work_i5jewootsnhvrcvfsugrmdljaa 415 4 in in IN work_i5jewootsnhvrcvfsugrmdljaa 415 5 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 415 6 11a 11a NNS work_i5jewootsnhvrcvfsugrmdljaa 415 7 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 415 8 how how WRB work_i5jewootsnhvrcvfsugrmdljaa 415 9 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 415 10 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 415 11 ’s ’s VBP work_i5jewootsnhvrcvfsugrmdljaa 415 12 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 415 13 state state NN work_i5jewootsnhvrcvfsugrmdljaa 415 14 pins pin VBZ work_i5jewootsnhvrcvfsugrmdljaa 415 15 down down RP work_i5jewootsnhvrcvfsugrmdljaa 415 16 his -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 415 17 forecast forecast NN work_i5jewootsnhvrcvfsugrmdljaa 415 18 of of IN work_i5jewootsnhvrcvfsugrmdljaa 415 19 . . . work_i5jewootsnhvrcvfsugrmdljaa 416 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 416 2 now now RB work_i5jewootsnhvrcvfsugrmdljaa 416 3 broadeng broadeng VBP work_i5jewootsnhvrcvfsugrmdljaa 416 4 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 416 5 t t NN work_i5jewootsnhvrcvfsugrmdljaa 416 6 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 416 7 i i NN work_i5jewootsnhvrcvfsugrmdljaa 416 8 t t NN work_i5jewootsnhvrcvfsugrmdljaa 416 9 this this DT work_i5jewootsnhvrcvfsugrmdljaa 416 10 idea idea NN work_i5jewootsnhvrcvfsugrmdljaa 416 11 to to IN work_i5jewootsnhvrcvfsugrmdljaa 416 12 the the DT work_i5jewootsnhvrcvfsugrmdljaa 416 13 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 416 14 ’s ’s POS work_i5jewootsnhvrcvfsugrmdljaa 416 15 perception perception NN work_i5jewootsnhvrcvfsugrmdljaa 416 16 model model NN work_i5jewootsnhvrcvfsugrmdljaa 416 17 of of IN work_i5jewootsnhvrcvfsugrmdljaa 416 18 the the DT work_i5jewootsnhvrcvfsugrmdljaa 416 19 two two CD work_i5jewootsnhvrcvfsugrmdljaa 416 20 state state NN work_i5jewootsnhvrcvfsugrmdljaa 416 21 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 416 22 . . . work_i5jewootsnhvrcvfsugrmdljaa 417 1 Keeping keep VBG work_i5jewootsnhvrcvfsugrmdljaa 417 2 in in IN work_i5jewootsnhvrcvfsugrmdljaa 417 3 mind mind NN work_i5jewootsnhvrcvfsugrmdljaa 417 4 that that IN work_i5jewootsnhvrcvfsugrmdljaa 417 5 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 417 6 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 417 7 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 417 8 t t XX work_i5jewootsnhvrcvfsugrmdljaa 417 9 , , , work_i5jewootsnhvrcvfsugrmdljaa 417 10 Z Z NNP work_i5jewootsnhvrcvfsugrmdljaa 417 11 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 417 12 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 417 13 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 417 14 before before IN work_i5jewootsnhvrcvfsugrmdljaa 417 15 observing observe VBG work_i5jewootsnhvrcvfsugrmdljaa 417 16 Qt Qt NNP work_i5jewootsnhvrcvfsugrmdljaa 417 17 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 417 18 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 417 19 knows know VBZ work_i5jewootsnhvrcvfsugrmdljaa 417 20 , , , work_i5jewootsnhvrcvfsugrmdljaa 417 21 his -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 417 22 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 417 23 takes take VBZ work_i5jewootsnhvrcvfsugrmdljaa 417 24 the the DT work_i5jewootsnhvrcvfsugrmdljaa 417 25 general general JJ work_i5jewootsnhvrcvfsugrmdljaa 417 26 symmetric symmetric JJ work_i5jewootsnhvrcvfsugrmdljaa 417 27 form form NN work_i5jewootsnhvrcvfsugrmdljaa 417 28 9 9 CD work_i5jewootsnhvrcvfsugrmdljaa 417 29 Qt&1 Qt&1 NNS work_i5jewootsnhvrcvfsugrmdljaa 417 30 and and CC work_i5jewootsnhvrcvfsugrmdljaa 417 31 Zt Zt NNP work_i5jewootsnhvrcvfsugrmdljaa 417 32 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 417 33 14a 14a NNS work_i5jewootsnhvrcvfsugrmdljaa 417 34 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 417 35 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 417 36 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 417 37 t t VBP work_i5jewootsnhvrcvfsugrmdljaa 417 38 ' ' `` work_i5jewootsnhvrcvfsugrmdljaa 417 39 λQ λQ NNP work_i5jewootsnhvrcvfsugrmdljaa 417 40 Qt&1 qt&1 NN work_i5jewootsnhvrcvfsugrmdljaa 417 41 % % NN work_i5jewootsnhvrcvfsugrmdljaa 417 42 λ λ NNP work_i5jewootsnhvrcvfsugrmdljaa 417 43 g g NN work_i5jewootsnhvrcvfsugrmdljaa 417 44 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 417 45 g g NN work_i5jewootsnhvrcvfsugrmdljaa 417 46 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 417 47 t t VBP work_i5jewootsnhvrcvfsugrmdljaa 417 48 % % NN work_i5jewootsnhvrcvfsugrmdljaa 417 49 ρ ρ NNP work_i5jewootsnhvrcvfsugrmdljaa 417 50 iQ iQ NNP work_i5jewootsnhvrcvfsugrmdljaa 417 51 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 417 52 ρ ρ NNP work_i5jewootsnhvrcvfsugrmdljaa 417 53 iQ iQ NNP work_i5jewootsnhvrcvfsugrmdljaa 417 54 t%1 t%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 417 55 ρ ρ NNP work_i5jewootsnhvrcvfsugrmdljaa 417 56 iZ iZ NNP work_i5jewootsnhvrcvfsugrmdljaa 417 57 t%1 t%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 417 58 - - HYPH work_i5jewootsnhvrcvfsugrmdljaa 417 59 N n NN work_i5jewootsnhvrcvfsugrmdljaa 417 60 0 0 CD work_i5jewootsnhvrcvfsugrmdljaa 417 61 0 0 CD work_i5jewootsnhvrcvfsugrmdljaa 417 62 , , , work_i5jewootsnhvrcvfsugrmdljaa 417 63 σ̂ σ̂ NNP work_i5jewootsnhvrcvfsugrmdljaa 417 64 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 417 65 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 417 66 , , , work_i5jewootsnhvrcvfsugrmdljaa 417 67 σ̂ZQ σ̂ZQ NNP work_i5jewootsnhvrcvfsugrmdljaa 417 68 , , , work_i5jewootsnhvrcvfsugrmdljaa 417 69 σ̂ZQ σ̂zq UH work_i5jewootsnhvrcvfsugrmdljaa 417 70 , , , work_i5jewootsnhvrcvfsugrmdljaa 417 71 σ̂ σ̂ ADD work_i5jewootsnhvrcvfsugrmdljaa 417 72 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 417 73 Z z NN work_i5jewootsnhvrcvfsugrmdljaa 417 74 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 417 75 Σi Σi NNP work_i5jewootsnhvrcvfsugrmdljaa 417 76 , , , work_i5jewootsnhvrcvfsugrmdljaa 417 77 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 417 78 14b 14b NNS work_i5jewootsnhvrcvfsugrmdljaa 417 79 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 417 80 Z Z NNP work_i5jewootsnhvrcvfsugrmdljaa 417 81 i i NN work_i5jewootsnhvrcvfsugrmdljaa 417 82 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 417 83 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 417 84 λZ λZ NNP work_i5jewootsnhvrcvfsugrmdljaa 417 85 Zt Zt NNP work_i5jewootsnhvrcvfsugrmdljaa 417 86 % % NN work_i5jewootsnhvrcvfsugrmdljaa 417 87 λ λ NN work_i5jewootsnhvrcvfsugrmdljaa 417 88 g g NN work_i5jewootsnhvrcvfsugrmdljaa 417 89 Zg Zg NNP work_i5jewootsnhvrcvfsugrmdljaa 417 90 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 417 91 t t VBP work_i5jewootsnhvrcvfsugrmdljaa 417 92 % % NN work_i5jewootsnhvrcvfsugrmdljaa 417 93 ρ ρ IN work_i5jewootsnhvrcvfsugrmdljaa 417 94 iZ iZ NNP work_i5jewootsnhvrcvfsugrmdljaa 417 95 t%1 t%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 417 96 21 21 CD work_i5jewootsnhvrcvfsugrmdljaa 417 97 Although although IN work_i5jewootsnhvrcvfsugrmdljaa 417 98 the the DT work_i5jewootsnhvrcvfsugrmdljaa 417 99 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 417 100 state state NN work_i5jewootsnhvrcvfsugrmdljaa 417 101 was be VBD work_i5jewootsnhvrcvfsugrmdljaa 417 102 initially initially RB work_i5jewootsnhvrcvfsugrmdljaa 417 103 defined define VBN work_i5jewootsnhvrcvfsugrmdljaa 417 104 to to TO work_i5jewootsnhvrcvfsugrmdljaa 417 105 be be VB work_i5jewootsnhvrcvfsugrmdljaa 417 106 about about IN work_i5jewootsnhvrcvfsugrmdljaa 417 107 the the DT work_i5jewootsnhvrcvfsugrmdljaa 417 108 unknown unknown JJ work_i5jewootsnhvrcvfsugrmdljaa 417 109 value value NN work_i5jewootsnhvrcvfsugrmdljaa 417 110 , , , work_i5jewootsnhvrcvfsugrmdljaa 417 111 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 417 112 14a)-(14b)g 14a)-(14b)g NNP work_i5jewootsnhvrcvfsugrmdljaa 417 113 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 417 114 t t NN work_i5jewootsnhvrcvfsugrmdljaa 417 115 Qt Qt NNP work_i5jewootsnhvrcvfsugrmdljaa 417 116 show show NN work_i5jewootsnhvrcvfsugrmdljaa 417 117 that that IN work_i5jewootsnhvrcvfsugrmdljaa 417 118 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 417 119 use use VBP work_i5jewootsnhvrcvfsugrmdljaa 417 120 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 417 121 also also RB work_i5jewootsnhvrcvfsugrmdljaa 417 122 to to TO work_i5jewootsnhvrcvfsugrmdljaa 417 123 pin pin VB work_i5jewootsnhvrcvfsugrmdljaa 417 124 down down RP work_i5jewootsnhvrcvfsugrmdljaa 417 125 the the DT work_i5jewootsnhvrcvfsugrmdljaa 417 126 transition transition NN work_i5jewootsnhvrcvfsugrmdljaa 417 127 of of IN work_i5jewootsnhvrcvfsugrmdljaa 417 128 . . . work_i5jewootsnhvrcvfsugrmdljaa 418 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 418 2 could could MD work_i5jewootsnhvrcvfsugrmdljaa 418 3 have have VB work_i5jewootsnhvrcvfsugrmdljaa 418 4 , , , work_i5jewootsnhvrcvfsugrmdljaa 418 5 instead instead RB work_i5jewootsnhvrcvfsugrmdljaa 418 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 418 7 introduced introduce VBD work_i5jewootsnhvrcvfsugrmdljaa 418 8 a a DT work_i5jewootsnhvrcvfsugrmdljaa 418 9 newZ newz NN work_i5jewootsnhvrcvfsugrmdljaa 418 10 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 418 11 t%1 t%1 : work_i5jewootsnhvrcvfsugrmdljaa 418 12 variable variable JJ work_i5jewootsnhvrcvfsugrmdljaa 418 13 to to TO work_i5jewootsnhvrcvfsugrmdljaa 418 14 express express VB work_i5jewootsnhvrcvfsugrmdljaa 418 15 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 418 16 about about IN work_i5jewootsnhvrcvfsugrmdljaa 418 17 future future JJ work_i5jewootsnhvrcvfsugrmdljaa 418 18 Z. Z. NNP work_i5jewootsnhvrcvfsugrmdljaa 419 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 419 2 avoid avoid VBP work_i5jewootsnhvrcvfsugrmdljaa 419 3 this this DT work_i5jewootsnhvrcvfsugrmdljaa 419 4 procedure procedure NN work_i5jewootsnhvrcvfsugrmdljaa 419 5 for for IN work_i5jewootsnhvrcvfsugrmdljaa 419 6 simplicity simplicity NN work_i5jewootsnhvrcvfsugrmdljaa 419 7 and and CC work_i5jewootsnhvrcvfsugrmdljaa 419 8 in in IN work_i5jewootsnhvrcvfsugrmdljaa 419 9 order order NN work_i5jewootsnhvrcvfsugrmdljaa 419 10 tog tog NN work_i5jewootsnhvrcvfsugrmdljaa 419 11 iZ iZ NNP work_i5jewootsnhvrcvfsugrmdljaa 419 12 t t NN work_i5jewootsnhvrcvfsugrmdljaa 419 13 avoid avoid VB work_i5jewootsnhvrcvfsugrmdljaa 419 14 an an DT work_i5jewootsnhvrcvfsugrmdljaa 419 15 artificial artificial JJ work_i5jewootsnhvrcvfsugrmdljaa 419 16 problem problem NN work_i5jewootsnhvrcvfsugrmdljaa 419 17 of of IN work_i5jewootsnhvrcvfsugrmdljaa 419 18 infinite infinite JJ work_i5jewootsnhvrcvfsugrmdljaa 419 19 regress regress NN work_i5jewootsnhvrcvfsugrmdljaa 419 20 . . . work_i5jewootsnhvrcvfsugrmdljaa 420 1 Hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 420 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 420 3 expresses express VBZ work_i5jewootsnhvrcvfsugrmdljaa 420 4 how how WRB work_i5jewootsnhvrcvfsugrmdljaa 420 5 the the DT work_i5jewootsnhvrcvfsugrmdljaa 420 6 agent agent NN work_i5jewootsnhvrcvfsugrmdljaa 420 7 considers consider VBZ work_i5jewootsnhvrcvfsugrmdljaa 420 8 theg theg VBZ work_i5jewootsnhvrcvfsugrmdljaa 420 9 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 420 10 t t VBP work_i5jewootsnhvrcvfsugrmdljaa 420 11 present present JJ work_i5jewootsnhvrcvfsugrmdljaa 420 12 conditions condition NNS work_i5jewootsnhvrcvfsugrmdljaa 420 13 to to TO work_i5jewootsnhvrcvfsugrmdljaa 420 14 be be VB work_i5jewootsnhvrcvfsugrmdljaa 420 15 different different JJ work_i5jewootsnhvrcvfsugrmdljaa 420 16 from from IN work_i5jewootsnhvrcvfsugrmdljaa 420 17 the the DT work_i5jewootsnhvrcvfsugrmdljaa 420 18 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 420 19 distribution distribution NN work_i5jewootsnhvrcvfsugrmdljaa 420 20 : : : work_i5jewootsnhvrcvfsugrmdljaa 420 21 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 420 22 14c 14c NNS work_i5jewootsnhvrcvfsugrmdljaa 420 23 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 420 24 E e NN work_i5jewootsnhvrcvfsugrmdljaa 420 25 i i NN work_i5jewootsnhvrcvfsugrmdljaa 420 26 t t NN work_i5jewootsnhvrcvfsugrmdljaa 420 27 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 420 28 t t NN work_i5jewootsnhvrcvfsugrmdljaa 420 29 Zt%1 Zt%1 NNS work_i5jewootsnhvrcvfsugrmdljaa 420 30 & & CC work_i5jewootsnhvrcvfsugrmdljaa 420 31 E E NNP work_i5jewootsnhvrcvfsugrmdljaa 420 32 m m NNP work_i5jewootsnhvrcvfsugrmdljaa 420 33 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 420 34 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 420 35 t t NN work_i5jewootsnhvrcvfsugrmdljaa 420 36 Zt%1 Zt%1 NNS work_i5jewootsnhvrcvfsugrmdljaa 420 37 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 420 38 λ λ NN work_i5jewootsnhvrcvfsugrmdljaa 420 39 g g NN work_i5jewootsnhvrcvfsugrmdljaa 420 40 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 420 41 g g NN work_i5jewootsnhvrcvfsugrmdljaa 420 42 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 420 43 t t NN work_i5jewootsnhvrcvfsugrmdljaa 420 44 λ λ NNP work_i5jewootsnhvrcvfsugrmdljaa 420 45 g g NN work_i5jewootsnhvrcvfsugrmdljaa 420 46 Z Z NNP work_i5jewootsnhvrcvfsugrmdljaa 420 47 g g NN work_i5jewootsnhvrcvfsugrmdljaa 420 48 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 420 49 t t VBP work_i5jewootsnhvrcvfsugrmdljaa 420 50 The the DT work_i5jewootsnhvrcvfsugrmdljaa 420 51 average average JJ work_i5jewootsnhvrcvfsugrmdljaa 420 52 market market NN work_i5jewootsnhvrcvfsugrmdljaa 420 53 expectation expectation NN work_i5jewootsnhvrcvfsugrmdljaa 420 54 operator operator NN work_i5jewootsnhvrcvfsugrmdljaa 420 55 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 420 56 loosely loosely RB work_i5jewootsnhvrcvfsugrmdljaa 420 57 defined define VBN work_i5jewootsnhvrcvfsugrmdljaa 420 58 by by IN work_i5jewootsnhvrcvfsugrmdljaa 420 59 . . . work_i5jewootsnhvrcvfsugrmdljaa 421 1 From from IN work_i5jewootsnhvrcvfsugrmdljaa 421 2 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 421 3 14c 14c CD work_i5jewootsnhvrcvfsugrmdljaa 421 4 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 421 5 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 421 6 isĒt isĒt . work_i5jewootsnhvrcvfsugrmdljaa 421 7 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 421 8 C c NN work_i5jewootsnhvrcvfsugrmdljaa 421 9 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 421 10 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 421 11 mE me WRB work_i5jewootsnhvrcvfsugrmdljaa 421 12 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 421 13 t t VBP work_i5jewootsnhvrcvfsugrmdljaa 421 14 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 421 15 C C NNP work_i5jewootsnhvrcvfsugrmdljaa 421 16 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 421 17 di di NNP work_i5jewootsnhvrcvfsugrmdljaa 421 18 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 421 19 14d 14d NNS work_i5jewootsnhvrcvfsugrmdljaa 421 20 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 421 21 . . . work_i5jewootsnhvrcvfsugrmdljaa 422 1 Ēt Ēt NNP work_i5jewootsnhvrcvfsugrmdljaa 422 2 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 422 3 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 422 4 Zt%1 Zt%1 NNS work_i5jewootsnhvrcvfsugrmdljaa 422 5 & & CC work_i5jewootsnhvrcvfsugrmdljaa 422 6 E E NNP work_i5jewootsnhvrcvfsugrmdljaa 422 7 m m NNP work_i5jewootsnhvrcvfsugrmdljaa 422 8 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 422 9 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 422 10 t t NN work_i5jewootsnhvrcvfsugrmdljaa 422 11 Zt%1 Zt%1 NNS work_i5jewootsnhvrcvfsugrmdljaa 422 12 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 422 13 λ λ NN work_i5jewootsnhvrcvfsugrmdljaa 422 14 g g NNP work_i5jewootsnhvrcvfsugrmdljaa 422 15 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 422 16 Zt Zt NNP work_i5jewootsnhvrcvfsugrmdljaa 422 17 λ λ NNP work_i5jewootsnhvrcvfsugrmdljaa 422 18 g g NN work_i5jewootsnhvrcvfsugrmdljaa 422 19 Z Z NNP work_i5jewootsnhvrcvfsugrmdljaa 422 20 Zt Zt NNP work_i5jewootsnhvrcvfsugrmdljaa 422 21 The the DT work_i5jewootsnhvrcvfsugrmdljaa 422 22 perception perception NN work_i5jewootsnhvrcvfsugrmdljaa 422 23 models model NNS work_i5jewootsnhvrcvfsugrmdljaa 422 24 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 422 25 14a)-(14b 14a)-(14b LS work_i5jewootsnhvrcvfsugrmdljaa 422 26 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 422 27 explains explain VBZ work_i5jewootsnhvrcvfsugrmdljaa 422 28 why why WRB work_i5jewootsnhvrcvfsugrmdljaa 422 29 the the DT work_i5jewootsnhvrcvfsugrmdljaa 422 30 average average JJ work_i5jewootsnhvrcvfsugrmdljaa 422 31 individual individual JJ work_i5jewootsnhvrcvfsugrmdljaa 422 32 market market NN work_i5jewootsnhvrcvfsugrmdljaa 422 33 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 422 34 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 422 35 not not RB work_i5jewootsnhvrcvfsugrmdljaa 422 36 a a DT work_i5jewootsnhvrcvfsugrmdljaa 422 37 proper proper JJ work_i5jewootsnhvrcvfsugrmdljaa 422 38 probability probability NN work_i5jewootsnhvrcvfsugrmdljaa 422 39 . . . work_i5jewootsnhvrcvfsugrmdljaa 423 1 To to TO work_i5jewootsnhvrcvfsugrmdljaa 423 2 see see VB work_i5jewootsnhvrcvfsugrmdljaa 423 3 this this DT work_i5jewootsnhvrcvfsugrmdljaa 423 4 let let VB work_i5jewootsnhvrcvfsugrmdljaa 423 5 be be VB work_i5jewootsnhvrcvfsugrmdljaa 423 6 a a DT work_i5jewootsnhvrcvfsugrmdljaa 423 7 product product NN work_i5jewootsnhvrcvfsugrmdljaa 423 8 space space NN work_i5jewootsnhvrcvfsugrmdljaa 423 9 where where WRB work_i5jewootsnhvrcvfsugrmdljaa 423 10 take take VBP work_i5jewootsnhvrcvfsugrmdljaa 423 11 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 423 12 values value NNS work_i5jewootsnhvrcvfsugrmdljaa 423 13 and and CC work_i5jewootsnhvrcvfsugrmdljaa 423 14 let let VB work_i5jewootsnhvrcvfsugrmdljaa 423 15 GiX GiX NNP work_i5jewootsnhvrcvfsugrmdljaa 423 16 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 423 17 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 423 18 × × NFP work_i5jewootsnhvrcvfsugrmdljaa 423 19 Z z NN work_i5jewootsnhvrcvfsugrmdljaa 423 20 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 423 21 Qt&1 qt&1 NN work_i5jewootsnhvrcvfsugrmdljaa 423 22 , , , work_i5jewootsnhvrcvfsugrmdljaa 423 23 Zt Zt NNP work_i5jewootsnhvrcvfsugrmdljaa 423 24 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 423 25 be be VB work_i5jewootsnhvrcvfsugrmdljaa 423 26 the the DT work_i5jewootsnhvrcvfsugrmdljaa 423 27 space space NN work_i5jewootsnhvrcvfsugrmdljaa 423 28 of of IN work_i5jewootsnhvrcvfsugrmdljaa 423 29 the the DT work_i5jewootsnhvrcvfsugrmdljaa 423 30 . . . work_i5jewootsnhvrcvfsugrmdljaa 424 1 Since since IN work_i5jewootsnhvrcvfsugrmdljaa 424 2 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 424 3 conditions condition NNS work_i5jewootsnhvrcvfsugrmdljaa 424 4 on on IN work_i5jewootsnhvrcvfsugrmdljaa 424 5 his -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 424 6 own own JJ work_i5jewootsnhvrcvfsugrmdljaa 424 7 , , , work_i5jewootsnhvrcvfsugrmdljaa 424 8 his -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 424 9 unconditional unconditional JJ work_i5jewootsnhvrcvfsugrmdljaa 424 10 probability probability NN work_i5jewootsnhvrcvfsugrmdljaa 424 11 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 424 12 a a DT work_i5jewootsnhvrcvfsugrmdljaa 424 13 measureg measureg NNS work_i5jewootsnhvrcvfsugrmdljaa 424 14 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 424 15 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 424 16 g g NNP work_i5jewootsnhvrcvfsugrmdljaa 424 17 i i NN work_i5jewootsnhvrcvfsugrmdljaa 424 18 t t VBP work_i5jewootsnhvrcvfsugrmdljaa 424 19 on on IN work_i5jewootsnhvrcvfsugrmdljaa 424 20 the the DT work_i5jewootsnhvrcvfsugrmdljaa 424 21 space space NN work_i5jewootsnhvrcvfsugrmdljaa 424 22 where where WRB work_i5jewootsnhvrcvfsugrmdljaa 424 23 öi öi PRP work_i5jewootsnhvrcvfsugrmdljaa 424 24 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 424 25 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 424 26 ’s ’s VBP work_i5jewootsnhvrcvfsugrmdljaa 424 27 sigma sigma JJ work_i5jewootsnhvrcvfsugrmdljaa 424 28 field field NN work_i5jewootsnhvrcvfsugrmdljaa 424 29 . . . work_i5jewootsnhvrcvfsugrmdljaa 425 1 Hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 425 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 425 3 the the DT work_i5jewootsnhvrcvfsugrmdljaa 425 4 average average JJ work_i5jewootsnhvrcvfsugrmdljaa 425 5 market market NN work_i5jewootsnhvrcvfsugrmdljaa 425 6 conditional conditional JJ work_i5jewootsnhvrcvfsugrmdljaa 425 7 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 425 8 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 425 9 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 425 10 × × NN work_i5jewootsnhvrcvfsugrmdljaa 425 11 Z z NN work_i5jewootsnhvrcvfsugrmdljaa 425 12 × × NN work_i5jewootsnhvrcvfsugrmdljaa 425 13 G G NNP work_i5jewootsnhvrcvfsugrmdljaa 425 14 i)4 i)4 NNP work_i5jewootsnhvrcvfsugrmdljaa 425 15 , , , work_i5jewootsnhvrcvfsugrmdljaa 425 16 öi öi DT work_i5jewootsnhvrcvfsugrmdljaa 425 17 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 425 18 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 425 19 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 425 20 an an DT work_i5jewootsnhvrcvfsugrmdljaa 425 21 average average NN work_i5jewootsnhvrcvfsugrmdljaa 425 22 of of IN work_i5jewootsnhvrcvfsugrmdljaa 425 23 conditional conditional JJ work_i5jewootsnhvrcvfsugrmdljaa 425 24 probabilities probability NNS work_i5jewootsnhvrcvfsugrmdljaa 425 25 , , , work_i5jewootsnhvrcvfsugrmdljaa 425 26 each each DT work_i5jewootsnhvrcvfsugrmdljaa 425 27 conditioning condition VBG work_i5jewootsnhvrcvfsugrmdljaa 425 28 on on IN work_i5jewootsnhvrcvfsugrmdljaa 425 29 a a DT work_i5jewootsnhvrcvfsugrmdljaa 425 30 different different JJ work_i5jewootsnhvrcvfsugrmdljaa 425 31 state state NN work_i5jewootsnhvrcvfsugrmdljaa 425 32 variable variable NN work_i5jewootsnhvrcvfsugrmdljaa 425 33 . . . work_i5jewootsnhvrcvfsugrmdljaa 426 1 Hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 426 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 426 3 one one PRP work_i5jewootsnhvrcvfsugrmdljaa 426 4 can can MD work_i5jewootsnhvrcvfsugrmdljaa 426 5 not not RB work_i5jewootsnhvrcvfsugrmdljaa 426 6 write write VB work_i5jewootsnhvrcvfsugrmdljaa 426 7 down down RP work_i5jewootsnhvrcvfsugrmdljaa 426 8 a a DT work_i5jewootsnhvrcvfsugrmdljaa 426 9 probability probability NN work_i5jewootsnhvrcvfsugrmdljaa 426 10 space space NN work_i5jewootsnhvrcvfsugrmdljaa 426 11 for for IN work_i5jewootsnhvrcvfsugrmdljaa 426 12 the the DT work_i5jewootsnhvrcvfsugrmdljaa 426 13 market market NN work_i5jewootsnhvrcvfsugrmdljaa 426 14 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 426 15 and and CC work_i5jewootsnhvrcvfsugrmdljaa 426 16 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 426 17 have have VBP work_i5jewootsnhvrcvfsugrmdljaa 426 18 the the DT work_i5jewootsnhvrcvfsugrmdljaa 426 19 following follow VBG work_i5jewootsnhvrcvfsugrmdljaa 426 20 result result NN work_i5jewootsnhvrcvfsugrmdljaa 426 21 : : : work_i5jewootsnhvrcvfsugrmdljaa 426 22 Theorem theorem NN work_i5jewootsnhvrcvfsugrmdljaa 426 23 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 426 24 : : : work_i5jewootsnhvrcvfsugrmdljaa 426 25 The the DT work_i5jewootsnhvrcvfsugrmdljaa 426 26 average average JJ work_i5jewootsnhvrcvfsugrmdljaa 426 27 individual individual JJ work_i5jewootsnhvrcvfsugrmdljaa 426 28 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 426 29 violates violate VBZ work_i5jewootsnhvrcvfsugrmdljaa 426 30 iterated iterated JJ work_i5jewootsnhvrcvfsugrmdljaa 426 31 expectations expectation NNS work_i5jewootsnhvrcvfsugrmdljaa 426 32 : : : work_i5jewootsnhvrcvfsugrmdljaa 426 33 .Ēt .Ēt . work_i5jewootsnhvrcvfsugrmdljaa 426 34 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 426 35 Qt%1 Qt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 426 36 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 426 37 … … NFP work_i5jewootsnhvrcvfsugrmdljaa 426 38 Ēt Ēt NNP work_i5jewootsnhvrcvfsugrmdljaa 426 39 Ēt%1(Qt%1 ēt%1(qt%1 XX work_i5jewootsnhvrcvfsugrmdljaa 426 40 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 426 41 Proof proof NN work_i5jewootsnhvrcvfsugrmdljaa 426 42 : : : work_i5jewootsnhvrcvfsugrmdljaa 426 43 From from IN work_i5jewootsnhvrcvfsugrmdljaa 426 44 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 426 45 14a)-(14b 14a)-(14b UH work_i5jewootsnhvrcvfsugrmdljaa 426 46 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 426 47 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 426 48 know know VBP work_i5jewootsnhvrcvfsugrmdljaa 426 49 that that DT work_i5jewootsnhvrcvfsugrmdljaa 426 50 .E .E . work_i5jewootsnhvrcvfsugrmdljaa 426 51 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 426 52 t t VBP work_i5jewootsnhvrcvfsugrmdljaa 426 53 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 426 54 Qt%1 Qt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 426 55 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 426 56 ' ' `` work_i5jewootsnhvrcvfsugrmdljaa 426 57 λQ λQ NNP work_i5jewootsnhvrcvfsugrmdljaa 426 58 E E NNP work_i5jewootsnhvrcvfsugrmdljaa 426 59 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 426 60 t t NN work_i5jewootsnhvrcvfsugrmdljaa 426 61 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 426 62 Qt Qt NNP work_i5jewootsnhvrcvfsugrmdljaa 426 63 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 426 64 % % NN work_i5jewootsnhvrcvfsugrmdljaa 426 65 λ λ NN work_i5jewootsnhvrcvfsugrmdljaa 426 66 g g NN work_i5jewootsnhvrcvfsugrmdljaa 426 67 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 426 68 E e NN work_i5jewootsnhvrcvfsugrmdljaa 426 69 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 426 70 t t NN work_i5jewootsnhvrcvfsugrmdljaa 426 71 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 426 72 g g NNP work_i5jewootsnhvrcvfsugrmdljaa 426 73 i i NNP work_i5jewootsnhvrcvfsugrmdljaa 426 74 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 426 75 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 426 76 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 426 77 λQ λQ NNP work_i5jewootsnhvrcvfsugrmdljaa 426 78 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 426 79 λQ λQ NNP work_i5jewootsnhvrcvfsugrmdljaa 426 80 Qt&1%λ Qt&1%λ NNP work_i5jewootsnhvrcvfsugrmdljaa 426 81 g g NN work_i5jewootsnhvrcvfsugrmdljaa 426 82 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 426 83 g g NN work_i5jewootsnhvrcvfsugrmdljaa 426 84 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 426 85 t t NN work_i5jewootsnhvrcvfsugrmdljaa 426 86 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 426 87 % % NN work_i5jewootsnhvrcvfsugrmdljaa 426 88 λ λ NN work_i5jewootsnhvrcvfsugrmdljaa 426 89 g g NN work_i5jewootsnhvrcvfsugrmdljaa 426 90 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 426 91 λZg λzg NN work_i5jewootsnhvrcvfsugrmdljaa 426 92 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 426 93 t t VBP work_i5jewootsnhvrcvfsugrmdljaa 426 94 It -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 426 95 follows follow VBZ work_i5jewootsnhvrcvfsugrmdljaa 426 96 that that IN work_i5jewootsnhvrcvfsugrmdljaa 426 97 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 426 98 15a 15a NNS work_i5jewootsnhvrcvfsugrmdljaa 426 99 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 426 100 .Ēt .Ēt . work_i5jewootsnhvrcvfsugrmdljaa 426 101 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 426 102 Qt%1 Qt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 426 103 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 426 104 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 426 105 λ λ NNP work_i5jewootsnhvrcvfsugrmdljaa 426 106 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 426 107 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 426 108 Qt&1 qt&1 NN work_i5jewootsnhvrcvfsugrmdljaa 426 109 % % NN work_i5jewootsnhvrcvfsugrmdljaa 426 110 λ λ NN work_i5jewootsnhvrcvfsugrmdljaa 426 111 g g NN work_i5jewootsnhvrcvfsugrmdljaa 426 112 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 426 113 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 426 114 λQ λQ NNP work_i5jewootsnhvrcvfsugrmdljaa 426 115 % % NN work_i5jewootsnhvrcvfsugrmdljaa 426 116 λZ λz NN work_i5jewootsnhvrcvfsugrmdljaa 426 117 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 426 118 Zt Zt NNP work_i5jewootsnhvrcvfsugrmdljaa 426 119 On on IN work_i5jewootsnhvrcvfsugrmdljaa 426 120 the the DT work_i5jewootsnhvrcvfsugrmdljaa 426 121 other other JJ work_i5jewootsnhvrcvfsugrmdljaa 426 122 hand hand NN work_i5jewootsnhvrcvfsugrmdljaa 426 123 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 426 124 14a 14a NNS work_i5jewootsnhvrcvfsugrmdljaa 426 125 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 426 126 implies imply VBZ work_i5jewootsnhvrcvfsugrmdljaa 426 127 Ēt%1 Ēt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 426 128 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 426 129 Qt%1 Qt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 426 130 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 426 131 ' ' `` work_i5jewootsnhvrcvfsugrmdljaa 426 132 λQ λQ NNP work_i5jewootsnhvrcvfsugrmdljaa 426 133 Qt Qt NNP work_i5jewootsnhvrcvfsugrmdljaa 426 134 % % NN work_i5jewootsnhvrcvfsugrmdljaa 426 135 λ λ NN work_i5jewootsnhvrcvfsugrmdljaa 426 136 g g NN work_i5jewootsnhvrcvfsugrmdljaa 426 137 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 426 138 Zt%1 zt%1 NN work_i5jewootsnhvrcvfsugrmdljaa 426 139 hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 426 140 E e NN work_i5jewootsnhvrcvfsugrmdljaa 426 141 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 426 142 t t XX work_i5jewootsnhvrcvfsugrmdljaa 426 143 Ēt%1 Ēt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 426 144 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 426 145 Qt%1 Qt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 426 146 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 426 147 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 426 148 λQ λQ NNP work_i5jewootsnhvrcvfsugrmdljaa 426 149 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 426 150 λQ λQ NNP work_i5jewootsnhvrcvfsugrmdljaa 426 151 Qt&1 qt&1 NN work_i5jewootsnhvrcvfsugrmdljaa 426 152 % % NN work_i5jewootsnhvrcvfsugrmdljaa 426 153 λ λ NNP work_i5jewootsnhvrcvfsugrmdljaa 426 154 g g NN work_i5jewootsnhvrcvfsugrmdljaa 426 155 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 426 156 g g NN work_i5jewootsnhvrcvfsugrmdljaa 426 157 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 426 158 t t NN work_i5jewootsnhvrcvfsugrmdljaa 426 159 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 426 160 % % NN work_i5jewootsnhvrcvfsugrmdljaa 426 161 λ λ NN work_i5jewootsnhvrcvfsugrmdljaa 426 162 g g NN work_i5jewootsnhvrcvfsugrmdljaa 426 163 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 426 164 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 426 165 λZ λZ NNP work_i5jewootsnhvrcvfsugrmdljaa 426 166 Zt Zt NNP work_i5jewootsnhvrcvfsugrmdljaa 426 167 % % NN work_i5jewootsnhvrcvfsugrmdljaa 426 168 λ λ NN work_i5jewootsnhvrcvfsugrmdljaa 426 169 g g NN work_i5jewootsnhvrcvfsugrmdljaa 426 170 Zg Zg NNP work_i5jewootsnhvrcvfsugrmdljaa 426 171 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 426 172 t t XX work_i5jewootsnhvrcvfsugrmdljaa 426 173 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 426 174 and and CC work_i5jewootsnhvrcvfsugrmdljaa 426 175 aggregating aggregate VBG work_i5jewootsnhvrcvfsugrmdljaa 426 176 now now RB work_i5jewootsnhvrcvfsugrmdljaa 426 177 to to TO work_i5jewootsnhvrcvfsugrmdljaa 426 178 conclude conclude VB work_i5jewootsnhvrcvfsugrmdljaa 426 179 that that IN work_i5jewootsnhvrcvfsugrmdljaa 426 180 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 426 181 15b 15b NNS work_i5jewootsnhvrcvfsugrmdljaa 426 182 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 426 183 .Ēt .Ēt . work_i5jewootsnhvrcvfsugrmdljaa 426 184 Ēt%1 Ēt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 426 185 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 426 186 Qt%1 Qt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 426 187 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 426 188 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 426 189 λ λ NNP work_i5jewootsnhvrcvfsugrmdljaa 426 190 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 426 191 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 426 192 Qt&1 qt&1 NN work_i5jewootsnhvrcvfsugrmdljaa 426 193 % % NN work_i5jewootsnhvrcvfsugrmdljaa 426 194 λ λ NN work_i5jewootsnhvrcvfsugrmdljaa 426 195 g g NN work_i5jewootsnhvrcvfsugrmdljaa 426 196 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 426 197 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 426 198 λQ λQ NNP work_i5jewootsnhvrcvfsugrmdljaa 426 199 % % NN work_i5jewootsnhvrcvfsugrmdljaa 426 200 λZ λZ NNP work_i5jewootsnhvrcvfsugrmdljaa 426 201 % % NN work_i5jewootsnhvrcvfsugrmdljaa 426 202 λ λ NN work_i5jewootsnhvrcvfsugrmdljaa 426 203 g g NN work_i5jewootsnhvrcvfsugrmdljaa 426 204 Z Z NNP work_i5jewootsnhvrcvfsugrmdljaa 426 205 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 426 206 Zt Zt NNP work_i5jewootsnhvrcvfsugrmdljaa 426 207 22 22 CD work_i5jewootsnhvrcvfsugrmdljaa 426 208 Comparison comparison NN work_i5jewootsnhvrcvfsugrmdljaa 426 209 of of IN work_i5jewootsnhvrcvfsugrmdljaa 426 210 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 426 211 15a 15a NNS work_i5jewootsnhvrcvfsugrmdljaa 426 212 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 426 213 and and CC work_i5jewootsnhvrcvfsugrmdljaa 426 214 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 426 215 15b 15b NNS work_i5jewootsnhvrcvfsugrmdljaa 426 216 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 426 217 shows show VBZ work_i5jewootsnhvrcvfsugrmdljaa 426 218 that that DT work_i5jewootsnhvrcvfsugrmdljaa 426 219 . . . work_i5jewootsnhvrcvfsugrmdljaa 427 1 � � NNP work_i5jewootsnhvrcvfsugrmdljaa 427 2 Ēt Ēt NNP work_i5jewootsnhvrcvfsugrmdljaa 427 3 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 427 4 Qt%1 Qt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 427 5 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 427 6 … … NFP work_i5jewootsnhvrcvfsugrmdljaa 427 7 ĒtĒt% ĒtĒt% NNP work_i5jewootsnhvrcvfsugrmdljaa 427 8 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 427 9 Qt%1 Qt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 427 10 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 427 11 Belief Belief NNP work_i5jewootsnhvrcvfsugrmdljaa 427 12 and and CC work_i5jewootsnhvrcvfsugrmdljaa 427 13 Information information NN work_i5jewootsnhvrcvfsugrmdljaa 427 14 : : : work_i5jewootsnhvrcvfsugrmdljaa 427 15 Understanding understand VBG work_i5jewootsnhvrcvfsugrmdljaa 427 16 what what WP work_i5jewootsnhvrcvfsugrmdljaa 427 17 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 427 18 . . . work_i5jewootsnhvrcvfsugrmdljaa 428 1 From from IN work_i5jewootsnhvrcvfsugrmdljaa 428 2 the the DT work_i5jewootsnhvrcvfsugrmdljaa 428 3 perspective perspective NN work_i5jewootsnhvrcvfsugrmdljaa 428 4 of of IN work_i5jewootsnhvrcvfsugrmdljaa 428 5 a a DT work_i5jewootsnhvrcvfsugrmdljaa 428 6 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 428 7 , , , work_i5jewootsnhvrcvfsugrmdljaa 428 8 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 428 9 a a DT work_i5jewootsnhvrcvfsugrmdljaa 428 10 stateZt stateZt : work_i5jewootsnhvrcvfsugrmdljaa 428 11 Zt Zt NNP work_i5jewootsnhvrcvfsugrmdljaa 428 12 variable variable NN work_i5jewootsnhvrcvfsugrmdljaa 428 13 like like IN work_i5jewootsnhvrcvfsugrmdljaa 428 14 any any DT work_i5jewootsnhvrcvfsugrmdljaa 428 15 other other JJ work_i5jewootsnhvrcvfsugrmdljaa 428 16 . . . work_i5jewootsnhvrcvfsugrmdljaa 429 1 News news NN work_i5jewootsnhvrcvfsugrmdljaa 429 2 about about IN work_i5jewootsnhvrcvfsugrmdljaa 429 3 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 429 4 used use VBN work_i5jewootsnhvrcvfsugrmdljaa 429 5 to to TO work_i5jewootsnhvrcvfsugrmdljaa 429 6 forecast forecast VB work_i5jewootsnhvrcvfsugrmdljaa 429 7 prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 429 8 and and CC work_i5jewootsnhvrcvfsugrmdljaa 429 9 assess assess VB work_i5jewootsnhvrcvfsugrmdljaa 429 10 the the DT work_i5jewootsnhvrcvfsugrmdljaa 429 11 time time NN work_i5jewootsnhvrcvfsugrmdljaa 429 12 variability variability NN work_i5jewootsnhvrcvfsugrmdljaa 429 13 ofZt ofZt NNP work_i5jewootsnhvrcvfsugrmdljaa 429 14 market market NN work_i5jewootsnhvrcvfsugrmdljaa 429 15 risk risk NN work_i5jewootsnhvrcvfsugrmdljaa 429 16 premia premia NN work_i5jewootsnhvrcvfsugrmdljaa 429 17 in in IN work_i5jewootsnhvrcvfsugrmdljaa 429 18 the the DT work_i5jewootsnhvrcvfsugrmdljaa 429 19 same same JJ work_i5jewootsnhvrcvfsugrmdljaa 429 20 way way NN work_i5jewootsnhvrcvfsugrmdljaa 429 21 macroeconomic macroeconomic JJ work_i5jewootsnhvrcvfsugrmdljaa 429 22 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 429 23 such such JJ work_i5jewootsnhvrcvfsugrmdljaa 429 24 as as IN work_i5jewootsnhvrcvfsugrmdljaa 429 25 GNP GNP NNP work_i5jewootsnhvrcvfsugrmdljaa 429 26 growth growth NN work_i5jewootsnhvrcvfsugrmdljaa 429 27 or or CC work_i5jewootsnhvrcvfsugrmdljaa 429 28 Non Non NNP work_i5jewootsnhvrcvfsugrmdljaa 429 29 Farm Farm NNP work_i5jewootsnhvrcvfsugrmdljaa 429 30 Payroll Payroll NNP work_i5jewootsnhvrcvfsugrmdljaa 429 31 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 429 32 used use VBN work_i5jewootsnhvrcvfsugrmdljaa 429 33 to to TO work_i5jewootsnhvrcvfsugrmdljaa 429 34 assess assess VB work_i5jewootsnhvrcvfsugrmdljaa 429 35 the the DT work_i5jewootsnhvrcvfsugrmdljaa 429 36 risk risk NN work_i5jewootsnhvrcvfsugrmdljaa 429 37 of of IN work_i5jewootsnhvrcvfsugrmdljaa 429 38 a a DT work_i5jewootsnhvrcvfsugrmdljaa 429 39 recession recession NN work_i5jewootsnhvrcvfsugrmdljaa 429 40 . . . work_i5jewootsnhvrcvfsugrmdljaa 430 1 Market market NN work_i5jewootsnhvrcvfsugrmdljaa 430 2 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 430 3 may may MD work_i5jewootsnhvrcvfsugrmdljaa 430 4 be be VB work_i5jewootsnhvrcvfsugrmdljaa 430 5 wrong wrong JJ work_i5jewootsnhvrcvfsugrmdljaa 430 6 as as IN work_i5jewootsnhvrcvfsugrmdljaa 430 7 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 430 8 may may MD work_i5jewootsnhvrcvfsugrmdljaa 430 9 forecast forecast VB work_i5jewootsnhvrcvfsugrmdljaa 430 10 recessions recession NNS work_i5jewootsnhvrcvfsugrmdljaa 430 11 that that WDT work_i5jewootsnhvrcvfsugrmdljaa 430 12 never never RB work_i5jewootsnhvrcvfsugrmdljaa 430 13 occur occur VBP work_i5jewootsnhvrcvfsugrmdljaa 430 14 . . . work_i5jewootsnhvrcvfsugrmdljaa 431 1 Market market NN work_i5jewootsnhvrcvfsugrmdljaa 431 2 risk risk NN work_i5jewootsnhvrcvfsugrmdljaa 431 3 premia premia NN work_i5jewootsnhvrcvfsugrmdljaa 431 4 may may MD work_i5jewootsnhvrcvfsugrmdljaa 431 5 fall fall VB work_i5jewootsnhvrcvfsugrmdljaa 431 6 just just RB work_i5jewootsnhvrcvfsugrmdljaa 431 7 because because IN work_i5jewootsnhvrcvfsugrmdljaa 431 8 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 431 9 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 431 10 more more RBR work_i5jewootsnhvrcvfsugrmdljaa 431 11 optimistic optimistic JJ work_i5jewootsnhvrcvfsugrmdljaa 431 12 about about IN work_i5jewootsnhvrcvfsugrmdljaa 431 13 the the DT work_i5jewootsnhvrcvfsugrmdljaa 431 14 future future NN work_i5jewootsnhvrcvfsugrmdljaa 431 15 , , , work_i5jewootsnhvrcvfsugrmdljaa 431 16 not not RB work_i5jewootsnhvrcvfsugrmdljaa 431 17 necessarily necessarily RB work_i5jewootsnhvrcvfsugrmdljaa 431 18 because because IN work_i5jewootsnhvrcvfsugrmdljaa 431 19 there there EX work_i5jewootsnhvrcvfsugrmdljaa 431 20 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 431 21 any any DT work_i5jewootsnhvrcvfsugrmdljaa 431 22 specific specific JJ work_i5jewootsnhvrcvfsugrmdljaa 431 23 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 431 24 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 431 25 convinces convince VBZ work_i5jewootsnhvrcvfsugrmdljaa 431 26 everybody everybody NN work_i5jewootsnhvrcvfsugrmdljaa 431 27 the the DT work_i5jewootsnhvrcvfsugrmdljaa 431 28 future future NN work_i5jewootsnhvrcvfsugrmdljaa 431 29 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 431 30 bright bright JJ work_i5jewootsnhvrcvfsugrmdljaa 431 31 . . . work_i5jewootsnhvrcvfsugrmdljaa 432 1 But but CC work_i5jewootsnhvrcvfsugrmdljaa 432 2 then then RB work_i5jewootsnhvrcvfsugrmdljaa 432 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 432 4 how how WRB work_i5jewootsnhvrcvfsugrmdljaa 432 5 do do VBP work_i5jewootsnhvrcvfsugrmdljaa 432 6 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 432 7 update update VB work_i5jewootsnhvrcvfsugrmdljaa 432 8 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 432 9 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 432 10 when when WRB work_i5jewootsnhvrcvfsugrmdljaa 432 11 they -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 432 12 observe observe VBP work_i5jewootsnhvrcvfsugrmdljaa 432 13 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 433 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 433 2 sharp sharp JJ work_i5jewootsnhvrcvfsugrmdljaa 433 3 contrast contrast NN work_i5jewootsnhvrcvfsugrmdljaa 433 4 with with IN work_i5jewootsnhvrcvfsugrmdljaa 433 5 the the DT work_i5jewootsnhvrcvfsugrmdljaa 433 6 PI pi NN work_i5jewootsnhvrcvfsugrmdljaa 433 7 theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 433 8 , , , work_i5jewootsnhvrcvfsugrmdljaa 433 9 Zt Zt NNP work_i5jewootsnhvrcvfsugrmdljaa 433 10 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 433 11 do do VBP work_i5jewootsnhvrcvfsugrmdljaa 433 12 not not RB work_i5jewootsnhvrcvfsugrmdljaa 433 13 revise revise VB work_i5jewootsnhvrcvfsugrmdljaa 433 14 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 433 15 own own JJ work_i5jewootsnhvrcvfsugrmdljaa 433 16 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 433 17 about about IN work_i5jewootsnhvrcvfsugrmdljaa 433 18 the the DT work_i5jewootsnhvrcvfsugrmdljaa 433 19 state state NN work_i5jewootsnhvrcvfsugrmdljaa 433 20 variable variable NN work_i5jewootsnhvrcvfsugrmdljaa 433 21 ; ; : work_i5jewootsnhvrcvfsugrmdljaa 433 22 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 433 23 14 14 CD work_i5jewootsnhvrcvfsugrmdljaa 433 24 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 433 25 specifically specifically RB work_i5jewootsnhvrcvfsugrmdljaa 433 26 does do VBZ work_i5jewootsnhvrcvfsugrmdljaa 433 27 not not RB work_i5jewootsnhvrcvfsugrmdljaa 433 28 dependQt dependqt VB work_i5jewootsnhvrcvfsugrmdljaa 433 29 upon upon IN work_i5jewootsnhvrcvfsugrmdljaa 433 30 . . . work_i5jewootsnhvrcvfsugrmdljaa 434 1 Traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 434 2 do do VBP work_i5jewootsnhvrcvfsugrmdljaa 434 3 consider consider VB work_i5jewootsnhvrcvfsugrmdljaa 434 4 as as IN work_i5jewootsnhvrcvfsugrmdljaa 434 5 new new JJ work_i5jewootsnhvrcvfsugrmdljaa 434 6 information information NN work_i5jewootsnhvrcvfsugrmdljaa 434 7 about about IN work_i5jewootsnhvrcvfsugrmdljaa 434 8 since since IN work_i5jewootsnhvrcvfsugrmdljaa 434 9 they -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 434 10 know know VBP work_i5jewootsnhvrcvfsugrmdljaa 434 11 all all DT work_i5jewootsnhvrcvfsugrmdljaa 434 12 used use VBD work_i5jewootsnhvrcvfsugrmdljaa 434 13 all all DT work_i5jewootsnhvrcvfsugrmdljaa 434 14 availableZt availablezt CD work_i5jewootsnhvrcvfsugrmdljaa 434 15 Zt Zt NNP work_i5jewootsnhvrcvfsugrmdljaa 434 16 Qt Qt NNP work_i5jewootsnhvrcvfsugrmdljaa 434 17 information information NN work_i5jewootsnhvrcvfsugrmdljaa 434 18 . . . work_i5jewootsnhvrcvfsugrmdljaa 435 1 Without without IN work_i5jewootsnhvrcvfsugrmdljaa 435 2 being be VBG work_i5jewootsnhvrcvfsugrmdljaa 435 3 a a DT work_i5jewootsnhvrcvfsugrmdljaa 435 4 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 435 5 signal signal NN work_i5jewootsnhvrcvfsugrmdljaa 435 6 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 435 7 about about IN work_i5jewootsnhvrcvfsugrmdljaa 435 8 unobserved unobserved JJ work_i5jewootsnhvrcvfsugrmdljaa 435 9 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 435 10 information information NN work_i5jewootsnhvrcvfsugrmdljaa 435 11 , , , work_i5jewootsnhvrcvfsugrmdljaa 435 12 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 435 13 not not RB work_i5jewootsnhvrcvfsugrmdljaa 435 14 used use VBN work_i5jewootsnhvrcvfsugrmdljaa 435 15 to to IN work_i5jewootsnhvrcvfsugrmdljaa 435 16 updateZt updatezt CD work_i5jewootsnhvrcvfsugrmdljaa 435 17 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 435 18 about about IN work_i5jewootsnhvrcvfsugrmdljaa 435 19 exogenous exogenous JJ work_i5jewootsnhvrcvfsugrmdljaa 435 20 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 435 21 . . . work_i5jewootsnhvrcvfsugrmdljaa 436 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 436 2 importance importance NN work_i5jewootsnhvrcvfsugrmdljaa 436 3 of of IN work_i5jewootsnhvrcvfsugrmdljaa 436 4 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 436 5 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 436 6 ’s ’ VBZ work_i5jewootsnhvrcvfsugrmdljaa 436 7 great great JJ work_i5jewootsnhvrcvfsugrmdljaa 436 8 value value NN work_i5jewootsnhvrcvfsugrmdljaa 436 9 in in IN work_i5jewootsnhvrcvfsugrmdljaa 436 10 forecasting forecast VBG work_i5jewootsnhvrcvfsugrmdljaa 436 11 futureZt futurezt CD work_i5jewootsnhvrcvfsugrmdljaa 436 12 endogenous endogenous JJ work_i5jewootsnhvrcvfsugrmdljaa 436 13 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 436 14 . . . work_i5jewootsnhvrcvfsugrmdljaa 437 1 Date date NN work_i5jewootsnhvrcvfsugrmdljaa 437 2 t t NN work_i5jewootsnhvrcvfsugrmdljaa 437 3 endogenous endogenous JJ work_i5jewootsnhvrcvfsugrmdljaa 437 4 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 437 5 depend depend VBP work_i5jewootsnhvrcvfsugrmdljaa 437 6 upon upon IN work_i5jewootsnhvrcvfsugrmdljaa 437 7 and and CC work_i5jewootsnhvrcvfsugrmdljaa 437 8 future future JJ work_i5jewootsnhvrcvfsugrmdljaa 437 9 endogenous endogenous JJ work_i5jewootsnhvrcvfsugrmdljaa 437 10 variablesZt variablesZt NNS work_i5jewootsnhvrcvfsugrmdljaa 437 11 depend depend VBP work_i5jewootsnhvrcvfsugrmdljaa 437 12 upon upon IN work_i5jewootsnhvrcvfsugrmdljaa 437 13 future future JJ work_i5jewootsnhvrcvfsugrmdljaa 437 14 market market NN work_i5jewootsnhvrcvfsugrmdljaa 437 15 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 437 16 . . . work_i5jewootsnhvrcvfsugrmdljaa 438 1 Since since IN work_i5jewootsnhvrcvfsugrmdljaa 438 2 market market NN work_i5jewootsnhvrcvfsugrmdljaa 438 3 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 438 4 exhibits exhibit VBZ work_i5jewootsnhvrcvfsugrmdljaa 438 5 persistence persistence NN work_i5jewootsnhvrcvfsugrmdljaa 438 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 438 7 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 438 8 know know VBP work_i5jewootsnhvrcvfsugrmdljaa 438 9 that that IN work_i5jewootsnhvrcvfsugrmdljaa 438 10 today today NN work_i5jewootsnhvrcvfsugrmdljaa 438 11 ’s ’s POS work_i5jewootsnhvrcvfsugrmdljaa 438 12 market market NN work_i5jewootsnhvrcvfsugrmdljaa 438 13 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 438 14 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 438 15 useful useful JJ work_i5jewootsnhvrcvfsugrmdljaa 438 16 for for IN work_i5jewootsnhvrcvfsugrmdljaa 438 17 forecasting forecast VBG work_i5jewootsnhvrcvfsugrmdljaa 438 18 future future JJ work_i5jewootsnhvrcvfsugrmdljaa 438 19 endogenous endogenous JJ work_i5jewootsnhvrcvfsugrmdljaa 438 20 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 438 21 . . . work_i5jewootsnhvrcvfsugrmdljaa 439 1 How how WRB work_i5jewootsnhvrcvfsugrmdljaa 439 2 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 439 3 this this DT work_i5jewootsnhvrcvfsugrmdljaa 439 4 equilibrated equilibrate VBN work_i5jewootsnhvrcvfsugrmdljaa 439 5 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 440 1 This this DT work_i5jewootsnhvrcvfsugrmdljaa 440 2 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 440 3 what what WP work_i5jewootsnhvrcvfsugrmdljaa 440 4 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 440 5 show show VBP work_i5jewootsnhvrcvfsugrmdljaa 440 6 now now RB work_i5jewootsnhvrcvfsugrmdljaa 440 7 . . . work_i5jewootsnhvrcvfsugrmdljaa 441 1 3.4 3.4 CD work_i5jewootsnhvrcvfsugrmdljaa 441 2 Combining combine VBG work_i5jewootsnhvrcvfsugrmdljaa 441 3 the the DT work_i5jewootsnhvrcvfsugrmdljaa 441 4 Elements Elements NNPS work_i5jewootsnhvrcvfsugrmdljaa 441 5 : : : work_i5jewootsnhvrcvfsugrmdljaa 441 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 441 7 Implied Implied NNP work_i5jewootsnhvrcvfsugrmdljaa 441 8 Asset Asset NNP work_i5jewootsnhvrcvfsugrmdljaa 441 9 Pricing pricing NN work_i5jewootsnhvrcvfsugrmdljaa 441 10 Theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 441 11 Under under IN work_i5jewootsnhvrcvfsugrmdljaa 441 12 Diverse diverse JJ work_i5jewootsnhvrcvfsugrmdljaa 441 13 Beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 441 14 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 441 15 now now RB work_i5jewootsnhvrcvfsugrmdljaa 441 16 derive derive VBP work_i5jewootsnhvrcvfsugrmdljaa 441 17 equilibrium equilibrium NN work_i5jewootsnhvrcvfsugrmdljaa 441 18 prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 441 19 under under IN work_i5jewootsnhvrcvfsugrmdljaa 441 20 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 441 21 . . . work_i5jewootsnhvrcvfsugrmdljaa 442 1 Denote denote VB work_i5jewootsnhvrcvfsugrmdljaa 442 2 the the DT work_i5jewootsnhvrcvfsugrmdljaa 442 3 conditional conditional JJ work_i5jewootsnhvrcvfsugrmdljaa 442 4 variance variance NN work_i5jewootsnhvrcvfsugrmdljaa 442 5 of of IN work_i5jewootsnhvrcvfsugrmdljaa 442 6 Qt Qt NNP work_i5jewootsnhvrcvfsugrmdljaa 442 7 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 442 8 common common JJ work_i5jewootsnhvrcvfsugrmdljaa 442 9 to to IN work_i5jewootsnhvrcvfsugrmdljaa 442 10 all all DT work_i5jewootsnhvrcvfsugrmdljaa 442 11 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 442 12 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 442 13 by by RB work_i5jewootsnhvrcvfsugrmdljaa 442 14 . . . work_i5jewootsnhvrcvfsugrmdljaa 443 1 By by IN work_i5jewootsnhvrcvfsugrmdljaa 443 2 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 443 3 8a)-(8b 8a)-(8b CD work_i5jewootsnhvrcvfsugrmdljaa 443 4 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 443 5 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 443 6 write write VBP work_i5jewootsnhvrcvfsugrmdljaa 443 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 443 8 date date NN work_i5jewootsnhvrcvfsugrmdljaa 443 9 t t NN work_i5jewootsnhvrcvfsugrmdljaa 443 10 demand demand NN work_i5jewootsnhvrcvfsugrmdljaa 443 11 functions function NNS work_i5jewootsnhvrcvfsugrmdljaa 443 12 of of IN work_i5jewootsnhvrcvfsugrmdljaa 443 13 the the DT work_i5jewootsnhvrcvfsugrmdljaa 443 14 two two CD work_i5jewootsnhvrcvfsugrmdljaa 443 15 type type NN work_i5jewootsnhvrcvfsugrmdljaa 443 16 of of IN work_i5jewootsnhvrcvfsugrmdljaa 443 17 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 443 18 as as IN work_i5jewootsnhvrcvfsugrmdljaa 443 19 σ σ NN work_i5jewootsnhvrcvfsugrmdljaa 443 20 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 443 21 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 443 22 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 443 23 16a 16a NNS work_i5jewootsnhvrcvfsugrmdljaa 443 24 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 443 25 .D .D NFP work_i5jewootsnhvrcvfsugrmdljaa 443 26 i2 i2 NNP work_i5jewootsnhvrcvfsugrmdljaa 443 27 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 443 28 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 443 29 pt pt UH work_i5jewootsnhvrcvfsugrmdljaa 443 30 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 443 31 ' ' NN work_i5jewootsnhvrcvfsugrmdljaa 443 32 τ τ NN work_i5jewootsnhvrcvfsugrmdljaa 443 33 σ σ NN work_i5jewootsnhvrcvfsugrmdljaa 443 34 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 443 35 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 443 36 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 443 37 E e NN work_i5jewootsnhvrcvfsugrmdljaa 443 38 i(Q i(q FW work_i5jewootsnhvrcvfsugrmdljaa 443 39 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 443 40 % % NN work_i5jewootsnhvrcvfsugrmdljaa 443 41 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 443 42 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 443 43 H H NNP work_i5jewootsnhvrcvfsugrmdljaa 443 44 t t NN work_i5jewootsnhvrcvfsugrmdljaa 443 45 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 443 46 & & CC work_i5jewootsnhvrcvfsugrmdljaa 443 47 p p NNP work_i5jewootsnhvrcvfsugrmdljaa 443 48 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 443 49 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 443 50 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 443 51 16b 16b NNS work_i5jewootsnhvrcvfsugrmdljaa 443 52 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 443 53 .D .D NFP work_i5jewootsnhvrcvfsugrmdljaa 443 54 i1 i1 NNP work_i5jewootsnhvrcvfsugrmdljaa 443 55 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 443 56 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 443 57 pt pt UH work_i5jewootsnhvrcvfsugrmdljaa 443 58 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 443 59 ' ' POS work_i5jewootsnhvrcvfsugrmdljaa 443 60 τ τ NN work_i5jewootsnhvrcvfsugrmdljaa 443 61 G1 g1 NN work_i5jewootsnhvrcvfsugrmdljaa 443 62 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 443 63 E e NN work_i5jewootsnhvrcvfsugrmdljaa 443 64 i(pt%1 i(pt%1 CD work_i5jewootsnhvrcvfsugrmdljaa 443 65 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 443 66 Ht Ht NNP work_i5jewootsnhvrcvfsugrmdljaa 443 67 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 443 68 & & CC work_i5jewootsnhvrcvfsugrmdljaa 443 69 pt pt NN work_i5jewootsnhvrcvfsugrmdljaa 443 70 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 443 71 % % NN work_i5jewootsnhvrcvfsugrmdljaa 443 72 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 443 73 G2 G2 NNP work_i5jewootsnhvrcvfsugrmdljaa 443 74 & & CC work_i5jewootsnhvrcvfsugrmdljaa 443 75 G1 G1 NNP work_i5jewootsnhvrcvfsugrmdljaa 443 76 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 443 77 G1 g1 NN work_i5jewootsnhvrcvfsugrmdljaa 443 78 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 443 79 E e NN work_i5jewootsnhvrcvfsugrmdljaa 443 80 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 443 81 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 443 82 D D NNP work_i5jewootsnhvrcvfsugrmdljaa 443 83 i2 i2 NN work_i5jewootsnhvrcvfsugrmdljaa 443 84 t%1 t%1 NN work_i5jewootsnhvrcvfsugrmdljaa 443 85 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 443 86 Ht Ht NNP work_i5jewootsnhvrcvfsugrmdljaa 443 87 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 443 88 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 443 89 For for IN work_i5jewootsnhvrcvfsugrmdljaa 443 90 an an DT work_i5jewootsnhvrcvfsugrmdljaa 443 91 equilibrium equilibrium NN work_i5jewootsnhvrcvfsugrmdljaa 443 92 to to TO work_i5jewootsnhvrcvfsugrmdljaa 443 93 exist exist VB work_i5jewootsnhvrcvfsugrmdljaa 443 94 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 443 95 need need VBP work_i5jewootsnhvrcvfsugrmdljaa 443 96 some some DT work_i5jewootsnhvrcvfsugrmdljaa 443 97 stability stability NN work_i5jewootsnhvrcvfsugrmdljaa 443 98 conditions condition NNS work_i5jewootsnhvrcvfsugrmdljaa 443 99 . . . work_i5jewootsnhvrcvfsugrmdljaa 444 1 To to TO work_i5jewootsnhvrcvfsugrmdljaa 444 2 specify specify VB work_i5jewootsnhvrcvfsugrmdljaa 444 3 these these DT work_i5jewootsnhvrcvfsugrmdljaa 444 4 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 444 5 introduce introduce VBP work_i5jewootsnhvrcvfsugrmdljaa 444 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 444 7 notation notation NN work_i5jewootsnhvrcvfsugrmdljaa 444 8 . . . work_i5jewootsnhvrcvfsugrmdljaa 445 1 Now now RB work_i5jewootsnhvrcvfsugrmdljaa 445 2 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 445 3 add add VBP work_i5jewootsnhvrcvfsugrmdljaa 445 4 : : : work_i5jewootsnhvrcvfsugrmdljaa 445 5 δ δ NN work_i5jewootsnhvrcvfsugrmdljaa 445 6 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 445 7 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 445 8 & & CC work_i5jewootsnhvrcvfsugrmdljaa 445 9 G2 G2 NNP work_i5jewootsnhvrcvfsugrmdljaa 445 10 / / , work_i5jewootsnhvrcvfsugrmdljaa 445 11 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 445 12 G1 G1 NNP work_i5jewootsnhvrcvfsugrmdljaa 445 13 % % NN work_i5jewootsnhvrcvfsugrmdljaa 445 14 σ σ NNP work_i5jewootsnhvrcvfsugrmdljaa 445 15 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 445 16 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 445 17 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 445 18 Stability Stability NNP work_i5jewootsnhvrcvfsugrmdljaa 445 19 Conditions condition NNS work_i5jewootsnhvrcvfsugrmdljaa 445 20 : : : work_i5jewootsnhvrcvfsugrmdljaa 445 21 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 445 22 require require VBP work_i5jewootsnhvrcvfsugrmdljaa 445 23 that that DT work_i5jewootsnhvrcvfsugrmdljaa 445 24 . . . work_i5jewootsnhvrcvfsugrmdljaa 446 1 0 0 NFP work_i5jewootsnhvrcvfsugrmdljaa 446 2 < < XX work_i5jewootsnhvrcvfsugrmdljaa 446 3 λQ λQ NNP work_i5jewootsnhvrcvfsugrmdljaa 446 4 < < XX work_i5jewootsnhvrcvfsugrmdljaa 446 5 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 446 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 446 7 0 0 NFP work_i5jewootsnhvrcvfsugrmdljaa 446 8 < < XX work_i5jewootsnhvrcvfsugrmdljaa 446 9 λZ λZ NNP work_i5jewootsnhvrcvfsugrmdljaa 446 10 % % NN work_i5jewootsnhvrcvfsugrmdljaa 446 11 λ λ NN work_i5jewootsnhvrcvfsugrmdljaa 446 12 g g NN work_i5jewootsnhvrcvfsugrmdljaa 446 13 Z Z NNP work_i5jewootsnhvrcvfsugrmdljaa 446 14 < < XX work_i5jewootsnhvrcvfsugrmdljaa 446 15 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 446 16 , , , work_i5jewootsnhvrcvfsugrmdljaa 446 17 0 0 NFP work_i5jewootsnhvrcvfsugrmdljaa 446 18 < < XX work_i5jewootsnhvrcvfsugrmdljaa 446 19 |δ |δ NNP work_i5jewootsnhvrcvfsugrmdljaa 446 20 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 446 21 < < XX work_i5jewootsnhvrcvfsugrmdljaa 446 22 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 446 23 The the DT work_i5jewootsnhvrcvfsugrmdljaa 446 24 first first JJ work_i5jewootsnhvrcvfsugrmdljaa 446 25 requires require VBZ work_i5jewootsnhvrcvfsugrmdljaa 446 26 { { -LRB- work_i5jewootsnhvrcvfsugrmdljaa 446 27 Qt Qt NNP work_i5jewootsnhvrcvfsugrmdljaa 446 28 , , , work_i5jewootsnhvrcvfsugrmdljaa 446 29 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 446 30 = = SYM work_i5jewootsnhvrcvfsugrmdljaa 446 31 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 446 32 , , , work_i5jewootsnhvrcvfsugrmdljaa 446 33 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 446 34 , , , work_i5jewootsnhvrcvfsugrmdljaa 446 35 ... ... : work_i5jewootsnhvrcvfsugrmdljaa 446 36 } } -RRB- work_i5jewootsnhvrcvfsugrmdljaa 446 37 to to TO work_i5jewootsnhvrcvfsugrmdljaa 446 38 be be VB work_i5jewootsnhvrcvfsugrmdljaa 446 39 stable stable JJ work_i5jewootsnhvrcvfsugrmdljaa 446 40 and and CC work_i5jewootsnhvrcvfsugrmdljaa 446 41 have have VB work_i5jewootsnhvrcvfsugrmdljaa 446 42 an an DT work_i5jewootsnhvrcvfsugrmdljaa 446 43 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 446 44 distribution distribution NN work_i5jewootsnhvrcvfsugrmdljaa 446 45 . . . work_i5jewootsnhvrcvfsugrmdljaa 447 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 447 2 second second JJ work_i5jewootsnhvrcvfsugrmdljaa 447 3 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 447 4 a a DT work_i5jewootsnhvrcvfsugrmdljaa 447 5 23 23 CD work_i5jewootsnhvrcvfsugrmdljaa 447 6 stability stability NN work_i5jewootsnhvrcvfsugrmdljaa 447 7 of of IN work_i5jewootsnhvrcvfsugrmdljaa 447 8 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 447 9 condition condition NN work_i5jewootsnhvrcvfsugrmdljaa 447 10 . . . work_i5jewootsnhvrcvfsugrmdljaa 448 1 It -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 448 2 requires require VBZ work_i5jewootsnhvrcvfsugrmdljaa 448 3 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 448 4 to to TO work_i5jewootsnhvrcvfsugrmdljaa 448 5 believe believe VB work_i5jewootsnhvrcvfsugrmdljaa 448 6 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 448 7 stable stable JJ work_i5jewootsnhvrcvfsugrmdljaa 448 8 . . . work_i5jewootsnhvrcvfsugrmdljaa 449 1 To to TO work_i5jewootsnhvrcvfsugrmdljaa 449 2 see see VB work_i5jewootsnhvrcvfsugrmdljaa 449 3 why why WRB work_i5jewootsnhvrcvfsugrmdljaa 449 4 take take VB work_i5jewootsnhvrcvfsugrmdljaa 449 5 expectations expectation NNS work_i5jewootsnhvrcvfsugrmdljaa 449 6 of of IN work_i5jewootsnhvrcvfsugrmdljaa 449 7 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 449 8 Qt&1 qt&1 NN work_i5jewootsnhvrcvfsugrmdljaa 449 9 , , , work_i5jewootsnhvrcvfsugrmdljaa 449 10 Zt Zt NNP work_i5jewootsnhvrcvfsugrmdljaa 449 11 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 449 12 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 449 13 14b 14b NNS work_i5jewootsnhvrcvfsugrmdljaa 449 14 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 449 15 , , , work_i5jewootsnhvrcvfsugrmdljaa 449 16 average average JJ work_i5jewootsnhvrcvfsugrmdljaa 449 17 over over IN work_i5jewootsnhvrcvfsugrmdljaa 449 18 the the DT work_i5jewootsnhvrcvfsugrmdljaa 449 19 population population NN work_i5jewootsnhvrcvfsugrmdljaa 449 20 and and CC work_i5jewootsnhvrcvfsugrmdljaa 449 21 recall recall NN work_i5jewootsnhvrcvfsugrmdljaa 449 22 Zt Zt NNP work_i5jewootsnhvrcvfsugrmdljaa 449 23 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 449 24 market market NN work_i5jewootsnhvrcvfsugrmdljaa 449 25 averages average NNS work_i5jewootsnhvrcvfsugrmdljaa 449 26 of of IN work_i5jewootsnhvrcvfsugrmdljaa 449 27 the the DT work_i5jewootsnhvrcvfsugrmdljaa 449 28 . . . work_i5jewootsnhvrcvfsugrmdljaa 450 1 This this DT work_i5jewootsnhvrcvfsugrmdljaa 450 2 implies imply VBZ work_i5jewootsnhvrcvfsugrmdljaa 450 3 that that IN work_i5jewootsnhvrcvfsugrmdljaa 450 4 g g NN work_i5jewootsnhvrcvfsugrmdljaa 450 5 i i NNP work_i5jewootsnhvrcvfsugrmdljaa 450 6 t t XX work_i5jewootsnhvrcvfsugrmdljaa 450 7 .Ēt .Ēt . work_i5jewootsnhvrcvfsugrmdljaa 450 8 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 9 Zt%1 Zt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 450 10 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 11 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 450 12 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 13 λZ λZ NNP work_i5jewootsnhvrcvfsugrmdljaa 450 14 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 15 λ λ NN work_i5jewootsnhvrcvfsugrmdljaa 450 16 g g NN work_i5jewootsnhvrcvfsugrmdljaa 450 17 Z z NN work_i5jewootsnhvrcvfsugrmdljaa 450 18 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 19 Zt Zt NNP work_i5jewootsnhvrcvfsugrmdljaa 450 20 Theorem theorem NN work_i5jewootsnhvrcvfsugrmdljaa 450 21 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 450 22 : : : work_i5jewootsnhvrcvfsugrmdljaa 450 23 For for IN work_i5jewootsnhvrcvfsugrmdljaa 450 24 the the DT work_i5jewootsnhvrcvfsugrmdljaa 450 25 model model NN work_i5jewootsnhvrcvfsugrmdljaa 450 26 with with IN work_i5jewootsnhvrcvfsugrmdljaa 450 27 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 450 28 and and CC work_i5jewootsnhvrcvfsugrmdljaa 450 29 under under IN work_i5jewootsnhvrcvfsugrmdljaa 450 30 the the DT work_i5jewootsnhvrcvfsugrmdljaa 450 31 specified specify VBN work_i5jewootsnhvrcvfsugrmdljaa 450 32 stability stability NN work_i5jewootsnhvrcvfsugrmdljaa 450 33 conditions condition NNS work_i5jewootsnhvrcvfsugrmdljaa 450 34 , , , work_i5jewootsnhvrcvfsugrmdljaa 450 35 there there EX work_i5jewootsnhvrcvfsugrmdljaa 450 36 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 450 37 a a DT work_i5jewootsnhvrcvfsugrmdljaa 450 38 unique unique JJ work_i5jewootsnhvrcvfsugrmdljaa 450 39 equilibrium equilibrium NN work_i5jewootsnhvrcvfsugrmdljaa 450 40 price price NN work_i5jewootsnhvrcvfsugrmdljaa 450 41 function function NN work_i5jewootsnhvrcvfsugrmdljaa 450 42 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 450 43 takes take VBZ work_i5jewootsnhvrcvfsugrmdljaa 450 44 the the DT work_i5jewootsnhvrcvfsugrmdljaa 450 45 form form NN work_i5jewootsnhvrcvfsugrmdljaa 450 46 .pt .pt . work_i5jewootsnhvrcvfsugrmdljaa 450 47 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 450 48 a a DT work_i5jewootsnhvrcvfsugrmdljaa 450 49 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 50 Qt&1 Qt&1 NNP work_i5jewootsnhvrcvfsugrmdljaa 450 51 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 52 μ μ NNP work_i5jewootsnhvrcvfsugrmdljaa 450 53 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 54 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 55 b b NNP work_i5jewootsnhvrcvfsugrmdljaa 450 56 Zt Zt NNP work_i5jewootsnhvrcvfsugrmdljaa 450 57 & & CC work_i5jewootsnhvrcvfsugrmdljaa 450 58 c c NNP work_i5jewootsnhvrcvfsugrmdljaa 450 59 S S NNP work_i5jewootsnhvrcvfsugrmdljaa 450 60 Proof Proof NNP work_i5jewootsnhvrcvfsugrmdljaa 450 61 : : : work_i5jewootsnhvrcvfsugrmdljaa 450 62 Aggregating aggregating NN work_i5jewootsnhvrcvfsugrmdljaa 450 63 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 64 16a 16a NNS work_i5jewootsnhvrcvfsugrmdljaa 450 65 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 66 over over IN work_i5jewootsnhvrcvfsugrmdljaa 450 67 all all DT work_i5jewootsnhvrcvfsugrmdljaa 450 68 retiring retire VBG work_i5jewootsnhvrcvfsugrmdljaa 450 69 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 450 70 and and CC work_i5jewootsnhvrcvfsugrmdljaa 450 71 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 72 16b 16b NNS work_i5jewootsnhvrcvfsugrmdljaa 450 73 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 74 over over IN work_i5jewootsnhvrcvfsugrmdljaa 450 75 all all DT work_i5jewootsnhvrcvfsugrmdljaa 450 76 new new JJ work_i5jewootsnhvrcvfsugrmdljaa 450 77 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 450 78 at at IN work_i5jewootsnhvrcvfsugrmdljaa 450 79 date date NN work_i5jewootsnhvrcvfsugrmdljaa 450 80 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 450 81 leads lead VBZ work_i5jewootsnhvrcvfsugrmdljaa 450 82 to to IN work_i5jewootsnhvrcvfsugrmdljaa 450 83 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 84 17a 17a CD work_i5jewootsnhvrcvfsugrmdljaa 450 85 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 86 .D̄ .D̄ NFP work_i5jewootsnhvrcvfsugrmdljaa 450 87 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 450 88 t t NN work_i5jewootsnhvrcvfsugrmdljaa 450 89 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 90 p p NNP work_i5jewootsnhvrcvfsugrmdljaa 450 91 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 450 92 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 93 ' ' NN work_i5jewootsnhvrcvfsugrmdljaa 450 94 τ τ NN work_i5jewootsnhvrcvfsugrmdljaa 450 95 σ σ NN work_i5jewootsnhvrcvfsugrmdljaa 450 96 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 450 97 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 450 98 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 99 Ē Ē NNP work_i5jewootsnhvrcvfsugrmdljaa 450 100 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 450 101 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 102 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 450 103 t t NN work_i5jewootsnhvrcvfsugrmdljaa 450 104 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 105 μ μ NNP work_i5jewootsnhvrcvfsugrmdljaa 450 106 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 107 & & CC work_i5jewootsnhvrcvfsugrmdljaa 450 108 p p NNP work_i5jewootsnhvrcvfsugrmdljaa 450 109 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 450 110 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 111 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 112 17b 17b CD work_i5jewootsnhvrcvfsugrmdljaa 450 113 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 114 .D̄ .D̄ NFP work_i5jewootsnhvrcvfsugrmdljaa 450 115 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 450 116 t t NN work_i5jewootsnhvrcvfsugrmdljaa 450 117 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 118 pt pt UH work_i5jewootsnhvrcvfsugrmdljaa 450 119 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 120 ' ' POS work_i5jewootsnhvrcvfsugrmdljaa 450 121 τ τ NN work_i5jewootsnhvrcvfsugrmdljaa 450 122 G1 g1 NN work_i5jewootsnhvrcvfsugrmdljaa 450 123 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 124 Ēt Ēt NNP work_i5jewootsnhvrcvfsugrmdljaa 450 125 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 126 pt%1 pt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 450 127 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 128 Qt Qt NNP work_i5jewootsnhvrcvfsugrmdljaa 450 129 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 130 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 450 131 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 132 & & CC work_i5jewootsnhvrcvfsugrmdljaa 450 133 pt pt NN work_i5jewootsnhvrcvfsugrmdljaa 450 134 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 135 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 136 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 137 G2 G2 NNP work_i5jewootsnhvrcvfsugrmdljaa 450 138 & & CC work_i5jewootsnhvrcvfsugrmdljaa 450 139 G1 G1 NNP work_i5jewootsnhvrcvfsugrmdljaa 450 140 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 141 G1 G1 NNP work_i5jewootsnhvrcvfsugrmdljaa 450 142 τ τ NN work_i5jewootsnhvrcvfsugrmdljaa 450 143 σ σ NN work_i5jewootsnhvrcvfsugrmdljaa 450 144 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 450 145 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 450 146 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 147 Ēt Ēt NNP work_i5jewootsnhvrcvfsugrmdljaa 450 148 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 149 Qt%1 Qt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 450 150 % % NNP work_i5jewootsnhvrcvfsugrmdljaa 450 151 μ μ NNP work_i5jewootsnhvrcvfsugrmdljaa 450 152 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 153 & & CC work_i5jewootsnhvrcvfsugrmdljaa 450 154 Ētpt%1 Ētpt%1 VBN work_i5jewootsnhvrcvfsugrmdljaa 450 155 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 156 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 157 Since since IN work_i5jewootsnhvrcvfsugrmdljaa 450 158 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 450 159 add add VBP work_i5jewootsnhvrcvfsugrmdljaa 450 160 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 161 17a)-(17b 17a)-(17b CD work_i5jewootsnhvrcvfsugrmdljaa 450 162 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 163 to to TO work_i5jewootsnhvrcvfsugrmdljaa 450 164 conclude conclude VB work_i5jewootsnhvrcvfsugrmdljaa 450 165 thatD̄ thatD̄ NNP work_i5jewootsnhvrcvfsugrmdljaa 450 166 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 450 167 t t NN work_i5jewootsnhvrcvfsugrmdljaa 450 168 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 169 pt pt NN work_i5jewootsnhvrcvfsugrmdljaa 450 170 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 171 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 172 D̄ d̄ NN work_i5jewootsnhvrcvfsugrmdljaa 450 173 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 450 174 t t NN work_i5jewootsnhvrcvfsugrmdljaa 450 175 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 176 pt pt UH work_i5jewootsnhvrcvfsugrmdljaa 450 177 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 178 ' ' `` work_i5jewootsnhvrcvfsugrmdljaa 450 179 S s NN work_i5jewootsnhvrcvfsugrmdljaa 450 180 .S .S . work_i5jewootsnhvrcvfsugrmdljaa 450 181 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 450 182 τ τ NN work_i5jewootsnhvrcvfsugrmdljaa 450 183 σ σ NN work_i5jewootsnhvrcvfsugrmdljaa 450 184 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 450 185 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 450 186 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 187 Ēt Ēt NNP work_i5jewootsnhvrcvfsugrmdljaa 450 188 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 189 Qt Qt NNP work_i5jewootsnhvrcvfsugrmdljaa 450 190 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 191 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 450 192 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 193 & & CC work_i5jewootsnhvrcvfsugrmdljaa 450 194 pt pt NN work_i5jewootsnhvrcvfsugrmdljaa 450 195 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 196 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 197 τ τ NN work_i5jewootsnhvrcvfsugrmdljaa 450 198 G1 g1 NN work_i5jewootsnhvrcvfsugrmdljaa 450 199 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 200 Ēt Ēt NNP work_i5jewootsnhvrcvfsugrmdljaa 450 201 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 202 pt%1 pt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 450 203 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 204 Qt Qt NNP work_i5jewootsnhvrcvfsugrmdljaa 450 205 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 206 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 450 207 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 208 & & CC work_i5jewootsnhvrcvfsugrmdljaa 450 209 pt pt NN work_i5jewootsnhvrcvfsugrmdljaa 450 210 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 211 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 212 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 213 G2 G2 NNP work_i5jewootsnhvrcvfsugrmdljaa 450 214 & & CC work_i5jewootsnhvrcvfsugrmdljaa 450 215 G1 G1 NNP work_i5jewootsnhvrcvfsugrmdljaa 450 216 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 217 G1 G1 NNP work_i5jewootsnhvrcvfsugrmdljaa 450 218 τ τ NN work_i5jewootsnhvrcvfsugrmdljaa 450 219 σ σ NN work_i5jewootsnhvrcvfsugrmdljaa 450 220 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 450 221 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 450 222 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 223 Ēt Ēt NNP work_i5jewootsnhvrcvfsugrmdljaa 450 224 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 225 Qt%1%μ Qt%1%μ NNP work_i5jewootsnhvrcvfsugrmdljaa 450 226 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 227 & & CC work_i5jewootsnhvrcvfsugrmdljaa 450 228 Ēt Ēt NNP work_i5jewootsnhvrcvfsugrmdljaa 450 229 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 230 pt%1 pt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 450 231 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 232 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 233 Hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 450 234 .S .S . work_i5jewootsnhvrcvfsugrmdljaa 450 235 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 450 236 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 237 τ τ NNP work_i5jewootsnhvrcvfsugrmdljaa 450 238 σ σ NNP work_i5jewootsnhvrcvfsugrmdljaa 450 239 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 450 240 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 450 241 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 242 τ τ NN work_i5jewootsnhvrcvfsugrmdljaa 450 243 G1 g1 NN work_i5jewootsnhvrcvfsugrmdljaa 450 244 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 245 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 246 Ēt Ēt NNP work_i5jewootsnhvrcvfsugrmdljaa 450 247 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 248 Qt Qt NNP work_i5jewootsnhvrcvfsugrmdljaa 450 249 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 250 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 450 251 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 252 & & CC work_i5jewootsnhvrcvfsugrmdljaa 450 253 pt pt NN work_i5jewootsnhvrcvfsugrmdljaa 450 254 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 255 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 256 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 257 τ τ NNP work_i5jewootsnhvrcvfsugrmdljaa 450 258 G1 g1 NN work_i5jewootsnhvrcvfsugrmdljaa 450 259 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 260 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 261 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 450 262 & & CC work_i5jewootsnhvrcvfsugrmdljaa 450 263 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 264 G2&G1 G2&G1 NNP work_i5jewootsnhvrcvfsugrmdljaa 450 265 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 266 σ σ NNP work_i5jewootsnhvrcvfsugrmdljaa 450 267 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 450 268 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 450 269 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 270 Ēt Ēt NNP work_i5jewootsnhvrcvfsugrmdljaa 450 271 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 272 pt%1)% pt%1)% NN work_i5jewootsnhvrcvfsugrmdljaa 450 273 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 274 G2 G2 NNP work_i5jewootsnhvrcvfsugrmdljaa 450 275 & & CC work_i5jewootsnhvrcvfsugrmdljaa 450 276 G1 G1 NNP work_i5jewootsnhvrcvfsugrmdljaa 450 277 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 278 G1 G1 NNP work_i5jewootsnhvrcvfsugrmdljaa 450 279 τ τ NN work_i5jewootsnhvrcvfsugrmdljaa 450 280 σ σ NN work_i5jewootsnhvrcvfsugrmdljaa 450 281 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 450 282 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 450 283 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 284 Ēt Ēt NNP work_i5jewootsnhvrcvfsugrmdljaa 450 285 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 286 Qt%1%μ qt%1%μ NN work_i5jewootsnhvrcvfsugrmdljaa 450 287 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 288 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 289 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 290 Now now RB work_i5jewootsnhvrcvfsugrmdljaa 450 291 use use VB work_i5jewootsnhvrcvfsugrmdljaa 450 292 the the DT work_i5jewootsnhvrcvfsugrmdljaa 450 293 perception perception NN work_i5jewootsnhvrcvfsugrmdljaa 450 294 models model NNS work_i5jewootsnhvrcvfsugrmdljaa 450 295 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 296 14a)-(14b 14a)-(14b LS work_i5jewootsnhvrcvfsugrmdljaa 450 297 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 298 about about IN work_i5jewootsnhvrcvfsugrmdljaa 450 299 the the DT work_i5jewootsnhvrcvfsugrmdljaa 450 300 state state NN work_i5jewootsnhvrcvfsugrmdljaa 450 301 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 450 302 , , , work_i5jewootsnhvrcvfsugrmdljaa 450 303 average average VB work_i5jewootsnhvrcvfsugrmdljaa 450 304 them -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 450 305 over over IN work_i5jewootsnhvrcvfsugrmdljaa 450 306 the the DT work_i5jewootsnhvrcvfsugrmdljaa 450 307 population population NN work_i5jewootsnhvrcvfsugrmdljaa 450 308 and and CC work_i5jewootsnhvrcvfsugrmdljaa 450 309 use use VB work_i5jewootsnhvrcvfsugrmdljaa 450 310 the the DT work_i5jewootsnhvrcvfsugrmdljaa 450 311 definition definition NN work_i5jewootsnhvrcvfsugrmdljaa 450 312 of of IN work_i5jewootsnhvrcvfsugrmdljaa 450 313 Zt Zt NNP work_i5jewootsnhvrcvfsugrmdljaa 450 314 to to TO work_i5jewootsnhvrcvfsugrmdljaa 450 315 deduce deduce VB work_i5jewootsnhvrcvfsugrmdljaa 450 316 the the DT work_i5jewootsnhvrcvfsugrmdljaa 450 317 following follow VBG work_i5jewootsnhvrcvfsugrmdljaa 450 318 relationships relationship NNS work_i5jewootsnhvrcvfsugrmdljaa 450 319 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 450 320 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 450 321 the the DT work_i5jewootsnhvrcvfsugrmdljaa 450 322 key key JJ work_i5jewootsnhvrcvfsugrmdljaa 450 323 implications implication NNS work_i5jewootsnhvrcvfsugrmdljaa 450 324 of of IN work_i5jewootsnhvrcvfsugrmdljaa 450 325 treating treat VBG work_i5jewootsnhvrcvfsugrmdljaa 450 326 individual individual JJ work_i5jewootsnhvrcvfsugrmdljaa 450 327 and and CC work_i5jewootsnhvrcvfsugrmdljaa 450 328 market market NN work_i5jewootsnhvrcvfsugrmdljaa 450 329 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 450 330 as as IN work_i5jewootsnhvrcvfsugrmdljaa 450 331 state state NN work_i5jewootsnhvrcvfsugrmdljaa 450 332 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 450 333 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 334 18a 18a NNS work_i5jewootsnhvrcvfsugrmdljaa 450 335 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 336 Ēt(Qt ēt(qt ADD work_i5jewootsnhvrcvfsugrmdljaa 450 337 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 338 ' ' `` work_i5jewootsnhvrcvfsugrmdljaa 450 339 λQ λQ NNP work_i5jewootsnhvrcvfsugrmdljaa 450 340 Qt&1 qt&1 NN work_i5jewootsnhvrcvfsugrmdljaa 450 341 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 342 λ λ NNP work_i5jewootsnhvrcvfsugrmdljaa 450 343 g g NN work_i5jewootsnhvrcvfsugrmdljaa 450 344 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 450 345 Zt Zt NNP work_i5jewootsnhvrcvfsugrmdljaa 450 346 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 347 18b 18b CD work_i5jewootsnhvrcvfsugrmdljaa 450 348 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 349 Ēt Ēt NNP work_i5jewootsnhvrcvfsugrmdljaa 450 350 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 351 Qt%1 Qt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 450 352 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 353 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 450 354 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 355 λQ λQ NNP work_i5jewootsnhvrcvfsugrmdljaa 450 356 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 357 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 450 358 Qt&1 qt&1 NN work_i5jewootsnhvrcvfsugrmdljaa 450 359 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 360 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 361 λQ λQ NNP work_i5jewootsnhvrcvfsugrmdljaa 450 362 λ λ NNP work_i5jewootsnhvrcvfsugrmdljaa 450 363 g g NN work_i5jewootsnhvrcvfsugrmdljaa 450 364 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 450 365 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 366 λ λ NN work_i5jewootsnhvrcvfsugrmdljaa 450 367 g g NN work_i5jewootsnhvrcvfsugrmdljaa 450 368 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 450 369 λZ λz NN work_i5jewootsnhvrcvfsugrmdljaa 450 370 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 371 Zt Zt NNP work_i5jewootsnhvrcvfsugrmdljaa 450 372 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 373 18c 18c CD work_i5jewootsnhvrcvfsugrmdljaa 450 374 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 375 .Ēt(Zt%1 .Ēt(Zt%1 . work_i5jewootsnhvrcvfsugrmdljaa 450 376 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 377 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 450 378 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 379 λZ λZ NNP work_i5jewootsnhvrcvfsugrmdljaa 450 380 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 381 λ λ NN work_i5jewootsnhvrcvfsugrmdljaa 450 382 g g NN work_i5jewootsnhvrcvfsugrmdljaa 450 383 Z z NN work_i5jewootsnhvrcvfsugrmdljaa 450 384 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 385 Zt Zt NNP work_i5jewootsnhvrcvfsugrmdljaa 450 386 Now now RB work_i5jewootsnhvrcvfsugrmdljaa 450 387 solve solve VB work_i5jewootsnhvrcvfsugrmdljaa 450 388 for for IN work_i5jewootsnhvrcvfsugrmdljaa 450 389 date date NN work_i5jewootsnhvrcvfsugrmdljaa 450 390 t t NN work_i5jewootsnhvrcvfsugrmdljaa 450 391 price price NN work_i5jewootsnhvrcvfsugrmdljaa 450 392 to to TO work_i5jewootsnhvrcvfsugrmdljaa 450 393 deduce deduce VB work_i5jewootsnhvrcvfsugrmdljaa 450 394 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 395 19 19 CD work_i5jewootsnhvrcvfsugrmdljaa 450 396 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 397 .pt .pt . work_i5jewootsnhvrcvfsugrmdljaa 450 398 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 450 399 Ēt ēt NN work_i5jewootsnhvrcvfsugrmdljaa 450 400 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 401 Qt Qt NNP work_i5jewootsnhvrcvfsugrmdljaa 450 402 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 403 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 450 404 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 405 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 406 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 407 G2 G2 NNP work_i5jewootsnhvrcvfsugrmdljaa 450 408 & & CC work_i5jewootsnhvrcvfsugrmdljaa 450 409 G1 G1 NNP work_i5jewootsnhvrcvfsugrmdljaa 450 410 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 411 G1 G1 NNP work_i5jewootsnhvrcvfsugrmdljaa 450 412 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 413 σ σ NNP work_i5jewootsnhvrcvfsugrmdljaa 450 414 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 450 415 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 450 416 Ēt ēt NN work_i5jewootsnhvrcvfsugrmdljaa 450 417 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 418 Qt%1%μ qt%1%μ NN work_i5jewootsnhvrcvfsugrmdljaa 450 419 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 420 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 421 σ σ NN work_i5jewootsnhvrcvfsugrmdljaa 450 422 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 450 423 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 450 424 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 425 G1 G1 NNP work_i5jewootsnhvrcvfsugrmdljaa 450 426 & & CC work_i5jewootsnhvrcvfsugrmdljaa 450 427 G2 G2 NNP work_i5jewootsnhvrcvfsugrmdljaa 450 428 G1 G1 NNP work_i5jewootsnhvrcvfsugrmdljaa 450 429 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 430 σ σ NNP work_i5jewootsnhvrcvfsugrmdljaa 450 431 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 450 432 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 450 433 Ēt ēt NN work_i5jewootsnhvrcvfsugrmdljaa 450 434 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 435 pt%1 pt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 450 436 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 437 & & CC work_i5jewootsnhvrcvfsugrmdljaa 450 438 σ σ NNP work_i5jewootsnhvrcvfsugrmdljaa 450 439 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 450 440 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 450 441 G1 g1 NN work_i5jewootsnhvrcvfsugrmdljaa 450 442 G1 g1 NN work_i5jewootsnhvrcvfsugrmdljaa 450 443 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 444 σ σ NN work_i5jewootsnhvrcvfsugrmdljaa 450 445 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 450 446 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 450 447 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 448 S s NN work_i5jewootsnhvrcvfsugrmdljaa 450 449 τ τ LS work_i5jewootsnhvrcvfsugrmdljaa 450 450 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 451 Observe observe VB work_i5jewootsnhvrcvfsugrmdljaa 450 452 that that IN work_i5jewootsnhvrcvfsugrmdljaa 450 453 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 454 18a)-(18c 18a)-(18c CD work_i5jewootsnhvrcvfsugrmdljaa 450 455 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 456 together together RB work_i5jewootsnhvrcvfsugrmdljaa 450 457 with with IN work_i5jewootsnhvrcvfsugrmdljaa 450 458 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 459 19 19 CD work_i5jewootsnhvrcvfsugrmdljaa 450 460 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 461 imply imply VBP work_i5jewootsnhvrcvfsugrmdljaa 450 462 that that IN work_i5jewootsnhvrcvfsugrmdljaa 450 463 equilibrium equilibrium NN work_i5jewootsnhvrcvfsugrmdljaa 450 464 price price NN work_i5jewootsnhvrcvfsugrmdljaa 450 465 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 450 466 the the DT work_i5jewootsnhvrcvfsugrmdljaa 450 467 solution solution NN work_i5jewootsnhvrcvfsugrmdljaa 450 468 of of IN work_i5jewootsnhvrcvfsugrmdljaa 450 469 the the DT work_i5jewootsnhvrcvfsugrmdljaa 450 470 following follow VBG work_i5jewootsnhvrcvfsugrmdljaa 450 471 difference difference NN work_i5jewootsnhvrcvfsugrmdljaa 450 472 equation equation NN work_i5jewootsnhvrcvfsugrmdljaa 450 473 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 474 20 20 CD work_i5jewootsnhvrcvfsugrmdljaa 450 475 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 476 pt pt IN work_i5jewootsnhvrcvfsugrmdljaa 450 477 ' ' `` work_i5jewootsnhvrcvfsugrmdljaa 450 478 A a NN work_i5jewootsnhvrcvfsugrmdljaa 450 479 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 480 Qt&1 qt&1 NN work_i5jewootsnhvrcvfsugrmdljaa 450 481 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 482 μ μ NNP work_i5jewootsnhvrcvfsugrmdljaa 450 483 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 484 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 485 B B NNP work_i5jewootsnhvrcvfsugrmdljaa 450 486 Zt Zt NNP work_i5jewootsnhvrcvfsugrmdljaa 450 487 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 488 δ δ NN work_i5jewootsnhvrcvfsugrmdljaa 450 489 Ēt Ēt NNP work_i5jewootsnhvrcvfsugrmdljaa 450 490 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 491 pt%1 pt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 450 492 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 493 & & CC work_i5jewootsnhvrcvfsugrmdljaa 450 494 C C NNP work_i5jewootsnhvrcvfsugrmdljaa 450 495 S S NNP work_i5jewootsnhvrcvfsugrmdljaa 450 496 , , , work_i5jewootsnhvrcvfsugrmdljaa 450 497 δ δ NN work_i5jewootsnhvrcvfsugrmdljaa 450 498 ' ' CC work_i5jewootsnhvrcvfsugrmdljaa 450 499 σ σ NNP work_i5jewootsnhvrcvfsugrmdljaa 450 500 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 450 501 Q%G1&G2 Q%G1&G2 NNP work_i5jewootsnhvrcvfsugrmdljaa 450 502 G1%σ G1%σ NNP work_i5jewootsnhvrcvfsugrmdljaa 450 503 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 450 504 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 450 505 24 24 CD work_i5jewootsnhvrcvfsugrmdljaa 450 506 with with IN work_i5jewootsnhvrcvfsugrmdljaa 450 507 , , , work_i5jewootsnhvrcvfsugrmdljaa 450 508 , , , work_i5jewootsnhvrcvfsugrmdljaa 450 509 .A .A . work_i5jewootsnhvrcvfsugrmdljaa 450 510 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 450 511 λQ λQ NNP work_i5jewootsnhvrcvfsugrmdljaa 450 512 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 513 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 514 G2 G2 NNP work_i5jewootsnhvrcvfsugrmdljaa 450 515 & & CC work_i5jewootsnhvrcvfsugrmdljaa 450 516 G1 G1 NNP work_i5jewootsnhvrcvfsugrmdljaa 450 517 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 518 G g NN work_i5jewootsnhvrcvfsugrmdljaa 450 519 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 450 520 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 521 σ σ NN work_i5jewootsnhvrcvfsugrmdljaa 450 522 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 450 523 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 450 524 λ λ NN work_i5jewootsnhvrcvfsugrmdljaa 450 525 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 450 526 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 450 527 B b NN work_i5jewootsnhvrcvfsugrmdljaa 450 528 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 450 529 λ λ NN work_i5jewootsnhvrcvfsugrmdljaa 450 530 g g NN work_i5jewootsnhvrcvfsugrmdljaa 450 531 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 450 532 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 533 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 534 G2 G2 NNP work_i5jewootsnhvrcvfsugrmdljaa 450 535 & & CC work_i5jewootsnhvrcvfsugrmdljaa 450 536 G1 G1 NNP work_i5jewootsnhvrcvfsugrmdljaa 450 537 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 538 G g NN work_i5jewootsnhvrcvfsugrmdljaa 450 539 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 450 540 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 541 σ σ NN work_i5jewootsnhvrcvfsugrmdljaa 450 542 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 450 543 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 450 544 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 545 λQλ λQλ NNS work_i5jewootsnhvrcvfsugrmdljaa 450 546 g g NN work_i5jewootsnhvrcvfsugrmdljaa 450 547 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 450 548 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 549 λ λ NN work_i5jewootsnhvrcvfsugrmdljaa 450 550 g g NN work_i5jewootsnhvrcvfsugrmdljaa 450 551 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 450 552 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 553 λZ λZ NNP work_i5jewootsnhvrcvfsugrmdljaa 450 554 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 555 λ λ NN work_i5jewootsnhvrcvfsugrmdljaa 450 556 g g NN work_i5jewootsnhvrcvfsugrmdljaa 450 557 Z Z NNP work_i5jewootsnhvrcvfsugrmdljaa 450 558 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 559 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 560 C C NNP work_i5jewootsnhvrcvfsugrmdljaa 450 561 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 450 562 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 563 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 450 564 τ τ NN work_i5jewootsnhvrcvfsugrmdljaa 450 565 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 566 σ σ NN work_i5jewootsnhvrcvfsugrmdljaa 450 567 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 450 568 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 450 569 G1 g1 NN work_i5jewootsnhvrcvfsugrmdljaa 450 570 G1 g1 NN work_i5jewootsnhvrcvfsugrmdljaa 450 571 % % NN work_i5jewootsnhvrcvfsugrmdljaa 450 572 σ σ NN work_i5jewootsnhvrcvfsugrmdljaa 450 573 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 450 574 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 450 575 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 450 576 20 20 CD work_i5jewootsnhvrcvfsugrmdljaa 450 577 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 450 578 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 450 579 a a DT work_i5jewootsnhvrcvfsugrmdljaa 450 580 linear linear JJ work_i5jewootsnhvrcvfsugrmdljaa 450 581 difference difference NN work_i5jewootsnhvrcvfsugrmdljaa 450 582 equation equation NN work_i5jewootsnhvrcvfsugrmdljaa 450 583 in in IN work_i5jewootsnhvrcvfsugrmdljaa 450 584 the the DT work_i5jewootsnhvrcvfsugrmdljaa 450 585 two two CD work_i5jewootsnhvrcvfsugrmdljaa 450 586 state state NN work_i5jewootsnhvrcvfsugrmdljaa 450 587 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 450 588 . . . work_i5jewootsnhvrcvfsugrmdljaa 451 1 Hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 451 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 451 3 a a DT work_i5jewootsnhvrcvfsugrmdljaa 451 4 standard standard JJ work_i5jewootsnhvrcvfsugrmdljaa 451 5 argument argument NN work_i5jewootsnhvrcvfsugrmdljaa 451 6 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 451 7 Qt&1 qt&1 NN work_i5jewootsnhvrcvfsugrmdljaa 451 8 , , , work_i5jewootsnhvrcvfsugrmdljaa 451 9 Zt Zt NNP work_i5jewootsnhvrcvfsugrmdljaa 451 10 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 451 11 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 451 12 see see VB work_i5jewootsnhvrcvfsugrmdljaa 451 13 Blanchard Blanchard NNP work_i5jewootsnhvrcvfsugrmdljaa 451 14 and and CC work_i5jewootsnhvrcvfsugrmdljaa 451 15 Kahn(1980 Kahn(1980 NNP work_i5jewootsnhvrcvfsugrmdljaa 451 16 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 451 17 , , , work_i5jewootsnhvrcvfsugrmdljaa 451 18 Proposition proposition NN work_i5jewootsnhvrcvfsugrmdljaa 451 19 , , , work_i5jewootsnhvrcvfsugrmdljaa 451 20 page page NN work_i5jewootsnhvrcvfsugrmdljaa 451 21 1308 1308 CD work_i5jewootsnhvrcvfsugrmdljaa 451 22 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 451 23 shows show VBZ work_i5jewootsnhvrcvfsugrmdljaa 451 24 that that IN work_i5jewootsnhvrcvfsugrmdljaa 451 25 the the DT work_i5jewootsnhvrcvfsugrmdljaa 451 26 solution solution NN work_i5jewootsnhvrcvfsugrmdljaa 451 27 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 451 28 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 451 29 21a 21a NNS work_i5jewootsnhvrcvfsugrmdljaa 451 30 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 451 31 pt pt UH work_i5jewootsnhvrcvfsugrmdljaa 451 32 ' ' `` work_i5jewootsnhvrcvfsugrmdljaa 451 33 C1 C1 NNP work_i5jewootsnhvrcvfsugrmdljaa 451 34 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 451 35 Qt&1 Qt&1 NNP work_i5jewootsnhvrcvfsugrmdljaa 451 36 % % NN work_i5jewootsnhvrcvfsugrmdljaa 451 37 μ μ NNP work_i5jewootsnhvrcvfsugrmdljaa 451 38 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 451 39 % % NN work_i5jewootsnhvrcvfsugrmdljaa 451 40 C2 C2 NNP work_i5jewootsnhvrcvfsugrmdljaa 451 41 Zt Zt NNP work_i5jewootsnhvrcvfsugrmdljaa 451 42 & & CC work_i5jewootsnhvrcvfsugrmdljaa 451 43 C3 c3 VB work_i5jewootsnhvrcvfsugrmdljaa 451 44 S S NNP work_i5jewootsnhvrcvfsugrmdljaa 451 45 with with IN work_i5jewootsnhvrcvfsugrmdljaa 451 46 matching match VBG work_i5jewootsnhvrcvfsugrmdljaa 451 47 coefficients coefficient NNS work_i5jewootsnhvrcvfsugrmdljaa 451 48 of of IN work_i5jewootsnhvrcvfsugrmdljaa 451 49 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 451 50 21b 21b NNS work_i5jewootsnhvrcvfsugrmdljaa 451 51 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 451 52 C1 c1 NN work_i5jewootsnhvrcvfsugrmdljaa 451 53 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 451 54 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 451 55 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 451 56 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 451 57 & & CC work_i5jewootsnhvrcvfsugrmdljaa 451 58 δλQ δλQ NNP work_i5jewootsnhvrcvfsugrmdljaa 451 59 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 451 60 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 451 61 G2 G2 NNP work_i5jewootsnhvrcvfsugrmdljaa 451 62 & & CC work_i5jewootsnhvrcvfsugrmdljaa 451 63 G1 G1 NNP work_i5jewootsnhvrcvfsugrmdljaa 451 64 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 451 65 G g NN work_i5jewootsnhvrcvfsugrmdljaa 451 66 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 451 67 % % NN work_i5jewootsnhvrcvfsugrmdljaa 451 68 σ σ NN work_i5jewootsnhvrcvfsugrmdljaa 451 69 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 451 70 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 451 71 λ λ NN work_i5jewootsnhvrcvfsugrmdljaa 451 72 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 451 73 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 451 74 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 451 75 21c 21c NNS work_i5jewootsnhvrcvfsugrmdljaa 451 76 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 451 77 C2 c2 NN work_i5jewootsnhvrcvfsugrmdljaa 451 78 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 451 79 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 451 80 1&δ 1&δ CD work_i5jewootsnhvrcvfsugrmdljaa 451 81 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 451 82 λ λ NN work_i5jewootsnhvrcvfsugrmdljaa 451 83 Z z NN work_i5jewootsnhvrcvfsugrmdljaa 451 84 % % NN work_i5jewootsnhvrcvfsugrmdljaa 451 85 λ λ NN work_i5jewootsnhvrcvfsugrmdljaa 451 86 g g NN work_i5jewootsnhvrcvfsugrmdljaa 451 87 Z z NN work_i5jewootsnhvrcvfsugrmdljaa 451 88 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 451 89 λ λ NN work_i5jewootsnhvrcvfsugrmdljaa 451 90 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 451 91 g g NN work_i5jewootsnhvrcvfsugrmdljaa 451 92 % % NN work_i5jewootsnhvrcvfsugrmdljaa 451 93 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 451 94 G2 G2 NNP work_i5jewootsnhvrcvfsugrmdljaa 451 95 & & CC work_i5jewootsnhvrcvfsugrmdljaa 451 96 G1 G1 NNP work_i5jewootsnhvrcvfsugrmdljaa 451 97 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 451 98 G g NN work_i5jewootsnhvrcvfsugrmdljaa 451 99 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 451 100 % % NN work_i5jewootsnhvrcvfsugrmdljaa 451 101 σ σ NN work_i5jewootsnhvrcvfsugrmdljaa 451 102 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 451 103 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 451 104 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 451 105 λQ λQ NNP work_i5jewootsnhvrcvfsugrmdljaa 451 106 λ λ NNP work_i5jewootsnhvrcvfsugrmdljaa 451 107 g g NN work_i5jewootsnhvrcvfsugrmdljaa 451 108 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 451 109 % % NN work_i5jewootsnhvrcvfsugrmdljaa 451 110 λ λ NN work_i5jewootsnhvrcvfsugrmdljaa 451 111 g g NN work_i5jewootsnhvrcvfsugrmdljaa 451 112 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 451 113 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 451 114 λZ λZ NNP work_i5jewootsnhvrcvfsugrmdljaa 451 115 % % NN work_i5jewootsnhvrcvfsugrmdljaa 451 116 λ λ NN work_i5jewootsnhvrcvfsugrmdljaa 451 117 g g NN work_i5jewootsnhvrcvfsugrmdljaa 451 118 Z z NN work_i5jewootsnhvrcvfsugrmdljaa 451 119 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 451 120 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 451 121 % % NN work_i5jewootsnhvrcvfsugrmdljaa 451 122 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 451 123 δλ δλ NNP work_i5jewootsnhvrcvfsugrmdljaa 451 124 g g NNP work_i5jewootsnhvrcvfsugrmdljaa 451 125 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 451 126 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 451 127 & & CC work_i5jewootsnhvrcvfsugrmdljaa 451 128 δλQ δλq JJ work_i5jewootsnhvrcvfsugrmdljaa 451 129 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 451 130 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 451 131 G2 G2 NNP work_i5jewootsnhvrcvfsugrmdljaa 451 132 & & CC work_i5jewootsnhvrcvfsugrmdljaa 451 133 G1 G1 NNP work_i5jewootsnhvrcvfsugrmdljaa 451 134 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 451 135 G g NN work_i5jewootsnhvrcvfsugrmdljaa 451 136 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 451 137 % % NN work_i5jewootsnhvrcvfsugrmdljaa 451 138 σ σ NN work_i5jewootsnhvrcvfsugrmdljaa 451 139 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 451 140 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 451 141 λ λ NN work_i5jewootsnhvrcvfsugrmdljaa 451 142 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 451 143 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 451 144 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 451 145 21d 21d NNS work_i5jewootsnhvrcvfsugrmdljaa 451 146 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 451 147 .C3 .C3 . work_i5jewootsnhvrcvfsugrmdljaa 451 148 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 451 149 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 451 150 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 451 151 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 451 152 & & CC work_i5jewootsnhvrcvfsugrmdljaa 451 153 δ δ NN work_i5jewootsnhvrcvfsugrmdljaa 451 154 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 451 155 σ σ NNP work_i5jewootsnhvrcvfsugrmdljaa 451 156 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 451 157 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 451 158 G1 g1 NN work_i5jewootsnhvrcvfsugrmdljaa 451 159 τ τ NN work_i5jewootsnhvrcvfsugrmdljaa 451 160 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 451 161 G1 G1 NNP work_i5jewootsnhvrcvfsugrmdljaa 451 162 % % NN work_i5jewootsnhvrcvfsugrmdljaa 451 163 σ σ NNP work_i5jewootsnhvrcvfsugrmdljaa 451 164 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 451 165 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 451 166 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 451 167 The the DT work_i5jewootsnhvrcvfsugrmdljaa 451 168 stability stability NN work_i5jewootsnhvrcvfsugrmdljaa 451 169 conditions condition NNS work_i5jewootsnhvrcvfsugrmdljaa 451 170 ensure ensure VBP work_i5jewootsnhvrcvfsugrmdljaa 451 171 that that IN work_i5jewootsnhvrcvfsugrmdljaa 451 172 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 451 173 21a 21a NNS work_i5jewootsnhvrcvfsugrmdljaa 451 174 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 451 175 - - : work_i5jewootsnhvrcvfsugrmdljaa 451 176 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 451 177 21d 21d NNS work_i5jewootsnhvrcvfsugrmdljaa 451 178 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 451 179 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 451 180 the the DT work_i5jewootsnhvrcvfsugrmdljaa 451 181 unique unique JJ work_i5jewootsnhvrcvfsugrmdljaa 451 182 solution solution NN work_i5jewootsnhvrcvfsugrmdljaa 451 183 as as IN work_i5jewootsnhvrcvfsugrmdljaa 451 184 asserted assert VBN work_i5jewootsnhvrcvfsugrmdljaa 451 185 . . . work_i5jewootsnhvrcvfsugrmdljaa 452 1 � � NNP work_i5jewootsnhvrcvfsugrmdljaa 452 2 Finally finally RB work_i5jewootsnhvrcvfsugrmdljaa 452 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 452 4 recall recall VB work_i5jewootsnhvrcvfsugrmdljaa 452 5 that that IN work_i5jewootsnhvrcvfsugrmdljaa 452 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 452 7 demand demand NN work_i5jewootsnhvrcvfsugrmdljaa 452 8 functions function NNS work_i5jewootsnhvrcvfsugrmdljaa 452 9 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 452 10 8a)-(8b 8a)-(8b CD work_i5jewootsnhvrcvfsugrmdljaa 452 11 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 452 12 were be VBD work_i5jewootsnhvrcvfsugrmdljaa 452 13 computed compute VBN work_i5jewootsnhvrcvfsugrmdljaa 452 14 under under IN work_i5jewootsnhvrcvfsugrmdljaa 452 15 the the DT work_i5jewootsnhvrcvfsugrmdljaa 452 16 conjecture conjecture NN work_i5jewootsnhvrcvfsugrmdljaa 452 17 that that WDT work_i5jewootsnhvrcvfsugrmdljaa 452 18 prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 452 19 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 452 20 conditionally conditionally RB work_i5jewootsnhvrcvfsugrmdljaa 452 21 normally normally RB work_i5jewootsnhvrcvfsugrmdljaa 452 22 distributed distribute VBN work_i5jewootsnhvrcvfsugrmdljaa 452 23 . . . work_i5jewootsnhvrcvfsugrmdljaa 453 1 Theorem theorem NN work_i5jewootsnhvrcvfsugrmdljaa 453 2 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 453 3 provides provide VBZ work_i5jewootsnhvrcvfsugrmdljaa 453 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 453 5 final final JJ work_i5jewootsnhvrcvfsugrmdljaa 453 6 confirmation confirmation NN work_i5jewootsnhvrcvfsugrmdljaa 453 7 of of IN work_i5jewootsnhvrcvfsugrmdljaa 453 8 this this DT work_i5jewootsnhvrcvfsugrmdljaa 453 9 conjectures conjecture NNS work_i5jewootsnhvrcvfsugrmdljaa 453 10 . . . work_i5jewootsnhvrcvfsugrmdljaa 454 1 3.5 3.5 CD work_i5jewootsnhvrcvfsugrmdljaa 454 2 Deducing deduce VBG work_i5jewootsnhvrcvfsugrmdljaa 454 3 the the DT work_i5jewootsnhvrcvfsugrmdljaa 454 4 Markov Markov NNP work_i5jewootsnhvrcvfsugrmdljaa 454 5 Belief Belief NNP work_i5jewootsnhvrcvfsugrmdljaa 454 6 Process Process NNP work_i5jewootsnhvrcvfsugrmdljaa 454 7 from from IN work_i5jewootsnhvrcvfsugrmdljaa 454 8 Bayesian Bayesian NNP work_i5jewootsnhvrcvfsugrmdljaa 454 9 Inferenceg Inferenceg NNP work_i5jewootsnhvrcvfsugrmdljaa 454 10 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 454 11 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 454 12 λZ λZ . work_i5jewootsnhvrcvfsugrmdljaa 454 13 g g NN work_i5jewootsnhvrcvfsugrmdljaa 454 14 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 454 15 t&1 t&1 VBP work_i5jewootsnhvrcvfsugrmdljaa 454 16 % % NN work_i5jewootsnhvrcvfsugrmdljaa 454 17 ρ ρ UH work_i5jewootsnhvrcvfsugrmdljaa 454 18 ig ig UH work_i5jewootsnhvrcvfsugrmdljaa 454 19 t t NN work_i5jewootsnhvrcvfsugrmdljaa 454 20 Our -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 454 21 key key JJ work_i5jewootsnhvrcvfsugrmdljaa 454 22 analytical analytical JJ work_i5jewootsnhvrcvfsugrmdljaa 454 23 tool tool NN work_i5jewootsnhvrcvfsugrmdljaa 454 24 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 454 25 the the DT work_i5jewootsnhvrcvfsugrmdljaa 454 26 state state NN work_i5jewootsnhvrcvfsugrmdljaa 454 27 of of IN work_i5jewootsnhvrcvfsugrmdljaa 454 28 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 454 29 and and CC work_i5jewootsnhvrcvfsugrmdljaa 454 30 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 454 31 now now RB work_i5jewootsnhvrcvfsugrmdljaa 454 32 justify justify VBP work_i5jewootsnhvrcvfsugrmdljaa 454 33 the the DT work_i5jewootsnhvrcvfsugrmdljaa 454 34 dynamics dynamic NNS work_i5jewootsnhvrcvfsugrmdljaa 454 35 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 454 36 10 10 CD work_i5jewootsnhvrcvfsugrmdljaa 454 37 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 454 38 . . . work_i5jewootsnhvrcvfsugrmdljaa 455 1 Keeping keep VBG work_i5jewootsnhvrcvfsugrmdljaa 455 2 in in IN work_i5jewootsnhvrcvfsugrmdljaa 455 3 mind mind NN work_i5jewootsnhvrcvfsugrmdljaa 455 4 that that IN work_i5jewootsnhvrcvfsugrmdljaa 455 5 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 455 6 study study VBP work_i5jewootsnhvrcvfsugrmdljaa 455 7 asset asset NN work_i5jewootsnhvrcvfsugrmdljaa 455 8 pricing pricing NN work_i5jewootsnhvrcvfsugrmdljaa 455 9 in in IN work_i5jewootsnhvrcvfsugrmdljaa 455 10 a a DT work_i5jewootsnhvrcvfsugrmdljaa 455 11 changing change VBG work_i5jewootsnhvrcvfsugrmdljaa 455 12 environment environment NN work_i5jewootsnhvrcvfsugrmdljaa 455 13 , , , work_i5jewootsnhvrcvfsugrmdljaa 455 14 our -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 455 15 first first JJ work_i5jewootsnhvrcvfsugrmdljaa 455 16 justification justification NN work_i5jewootsnhvrcvfsugrmdljaa 455 17 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 455 18 simplicity simplicity NN work_i5jewootsnhvrcvfsugrmdljaa 455 19 and and CC work_i5jewootsnhvrcvfsugrmdljaa 455 20 analytic analytic JJ work_i5jewootsnhvrcvfsugrmdljaa 455 21 tractability tractability NN work_i5jewootsnhvrcvfsugrmdljaa 455 22 as as IN work_i5jewootsnhvrcvfsugrmdljaa 455 23 seen see VBN work_i5jewootsnhvrcvfsugrmdljaa 455 24 in in IN work_i5jewootsnhvrcvfsugrmdljaa 455 25 the the DT work_i5jewootsnhvrcvfsugrmdljaa 455 26 developments development NNS work_i5jewootsnhvrcvfsugrmdljaa 455 27 in in IN work_i5jewootsnhvrcvfsugrmdljaa 455 28 Sections Sections NNP work_i5jewootsnhvrcvfsugrmdljaa 455 29 3.1 3.1 CD work_i5jewootsnhvrcvfsugrmdljaa 455 30 - - SYM work_i5jewootsnhvrcvfsugrmdljaa 455 31 3.4 3.4 CD work_i5jewootsnhvrcvfsugrmdljaa 455 32 . . . work_i5jewootsnhvrcvfsugrmdljaa 456 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 456 2 a a DT work_i5jewootsnhvrcvfsugrmdljaa 456 3 changing change VBG work_i5jewootsnhvrcvfsugrmdljaa 456 4 environment environment NN work_i5jewootsnhvrcvfsugrmdljaa 456 5 there there EX work_i5jewootsnhvrcvfsugrmdljaa 456 6 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 456 7 no no DT work_i5jewootsnhvrcvfsugrmdljaa 456 8 universal universal JJ work_i5jewootsnhvrcvfsugrmdljaa 456 9 procedures procedure NNS work_i5jewootsnhvrcvfsugrmdljaa 456 10 to to TO work_i5jewootsnhvrcvfsugrmdljaa 456 11 learn learn VB work_i5jewootsnhvrcvfsugrmdljaa 456 12 an an DT work_i5jewootsnhvrcvfsugrmdljaa 456 13 unknown unknown JJ work_i5jewootsnhvrcvfsugrmdljaa 456 14 sequence sequence NN work_i5jewootsnhvrcvfsugrmdljaa 456 15 of of IN work_i5jewootsnhvrcvfsugrmdljaa 456 16 parameters parameter NNS work_i5jewootsnhvrcvfsugrmdljaa 456 17 . . . work_i5jewootsnhvrcvfsugrmdljaa 457 1 It -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 457 2 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 457 3 thus thus RB work_i5jewootsnhvrcvfsugrmdljaa 457 4 less less RBR work_i5jewootsnhvrcvfsugrmdljaa 457 5 important important JJ work_i5jewootsnhvrcvfsugrmdljaa 457 6 to to TO work_i5jewootsnhvrcvfsugrmdljaa 457 7 explain explain VB work_i5jewootsnhvrcvfsugrmdljaa 457 8 why why WRB work_i5jewootsnhvrcvfsugrmdljaa 457 9 agents agent NNS work_i5jewootsnhvrcvfsugrmdljaa 457 10 disagree disagree VBP work_i5jewootsnhvrcvfsugrmdljaa 457 11 and and CC work_i5jewootsnhvrcvfsugrmdljaa 457 12 more more RBR work_i5jewootsnhvrcvfsugrmdljaa 457 13 important important JJ work_i5jewootsnhvrcvfsugrmdljaa 457 14 to to TO work_i5jewootsnhvrcvfsugrmdljaa 457 15 be be VB work_i5jewootsnhvrcvfsugrmdljaa 457 16 able able JJ work_i5jewootsnhvrcvfsugrmdljaa 457 17 to to TO work_i5jewootsnhvrcvfsugrmdljaa 457 18 describe describe VB work_i5jewootsnhvrcvfsugrmdljaa 457 19 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 457 20 diversity diversity NN work_i5jewootsnhvrcvfsugrmdljaa 457 21 so so IN work_i5jewootsnhvrcvfsugrmdljaa 457 22 that that IN work_i5jewootsnhvrcvfsugrmdljaa 457 23 an an DT work_i5jewootsnhvrcvfsugrmdljaa 457 24 equilibrium equilibrium NN work_i5jewootsnhvrcvfsugrmdljaa 457 25 analysis analysis NN work_i5jewootsnhvrcvfsugrmdljaa 457 26 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 457 27 tractable tractable JJ work_i5jewootsnhvrcvfsugrmdljaa 457 28 . . . work_i5jewootsnhvrcvfsugrmdljaa 458 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 458 2 description description NN work_i5jewootsnhvrcvfsugrmdljaa 458 3 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 458 4 10 10 CD work_i5jewootsnhvrcvfsugrmdljaa 458 5 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 458 6 of of IN work_i5jewootsnhvrcvfsugrmdljaa 458 7 a a DT work_i5jewootsnhvrcvfsugrmdljaa 458 8 state state NN work_i5jewootsnhvrcvfsugrmdljaa 458 9 of of IN work_i5jewootsnhvrcvfsugrmdljaa 458 10 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 458 11 in in IN work_i5jewootsnhvrcvfsugrmdljaa 458 12 the the DT work_i5jewootsnhvrcvfsugrmdljaa 458 13 form form NN work_i5jewootsnhvrcvfsugrmdljaa 458 14 g g NNP work_i5jewootsnhvrcvfsugrmdljaa 458 15 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 458 16 t%1 t%1 VBD work_i5jewootsnhvrcvfsugrmdljaa 458 17 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 458 18 λZ λZ NNP work_i5jewootsnhvrcvfsugrmdljaa 458 19 g g NNP work_i5jewootsnhvrcvfsugrmdljaa 458 20 i i NN work_i5jewootsnhvrcvfsugrmdljaa 458 21 t t VBP work_i5jewootsnhvrcvfsugrmdljaa 458 22 % % NN work_i5jewootsnhvrcvfsugrmdljaa 458 23 ρ ρ IN work_i5jewootsnhvrcvfsugrmdljaa 458 24 ig ig FW work_i5jewootsnhvrcvfsugrmdljaa 458 25 t%1 t%1 NN work_i5jewootsnhvrcvfsugrmdljaa 458 26 where where WRB work_i5jewootsnhvrcvfsugrmdljaa 458 27 leads lead VBZ work_i5jewootsnhvrcvfsugrmdljaa 458 28 to to IN work_i5jewootsnhvrcvfsugrmdljaa 458 29 a a DT work_i5jewootsnhvrcvfsugrmdljaa 458 30 simple simple JJ work_i5jewootsnhvrcvfsugrmdljaa 458 31 and and CC work_i5jewootsnhvrcvfsugrmdljaa 458 32 useful useful JJ work_i5jewootsnhvrcvfsugrmdljaa 458 33 description description NN work_i5jewootsnhvrcvfsugrmdljaa 458 34 of of IN work_i5jewootsnhvrcvfsugrmdljaa 458 35 equilibrium equilibrium NN work_i5jewootsnhvrcvfsugrmdljaa 458 36 asset asset NN work_i5jewootsnhvrcvfsugrmdljaa 458 37 pricing pricing NN work_i5jewootsnhvrcvfsugrmdljaa 458 38 withρ withρ VBD work_i5jewootsnhvrcvfsugrmdljaa 458 39 ig ig PRP$ work_i5jewootsnhvrcvfsugrmdljaa 458 40 t%1 t%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 458 41 - - HYPH work_i5jewootsnhvrcvfsugrmdljaa 458 42 N n NN work_i5jewootsnhvrcvfsugrmdljaa 458 43 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 458 44 0 0 NFP work_i5jewootsnhvrcvfsugrmdljaa 458 45 , , , work_i5jewootsnhvrcvfsugrmdljaa 458 46 σ σ NN work_i5jewootsnhvrcvfsugrmdljaa 458 47 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 458 48 g g NN work_i5jewootsnhvrcvfsugrmdljaa 458 49 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 458 50 diverse diverse JJ work_i5jewootsnhvrcvfsugrmdljaa 458 51 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 458 52 . . . work_i5jewootsnhvrcvfsugrmdljaa 459 1 It -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 459 2 also also RB work_i5jewootsnhvrcvfsugrmdljaa 459 3 shows show VBZ work_i5jewootsnhvrcvfsugrmdljaa 459 4 that that IN work_i5jewootsnhvrcvfsugrmdljaa 459 5 in in IN work_i5jewootsnhvrcvfsugrmdljaa 459 6 contrast contrast NN work_i5jewootsnhvrcvfsugrmdljaa 459 7 with with IN work_i5jewootsnhvrcvfsugrmdljaa 459 8 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 459 9 theories theory NNS work_i5jewootsnhvrcvfsugrmdljaa 459 10 , , , work_i5jewootsnhvrcvfsugrmdljaa 459 11 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 459 12 does do VBZ work_i5jewootsnhvrcvfsugrmdljaa 459 13 not not RB work_i5jewootsnhvrcvfsugrmdljaa 459 14 entail entail VB work_i5jewootsnhvrcvfsugrmdljaa 459 15 extraction extraction NN work_i5jewootsnhvrcvfsugrmdljaa 459 16 of of IN work_i5jewootsnhvrcvfsugrmdljaa 459 17 information information NN work_i5jewootsnhvrcvfsugrmdljaa 459 18 from from IN work_i5jewootsnhvrcvfsugrmdljaa 459 19 market market NN work_i5jewootsnhvrcvfsugrmdljaa 459 20 prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 459 21 . . . work_i5jewootsnhvrcvfsugrmdljaa 460 1 Instead instead RB work_i5jewootsnhvrcvfsugrmdljaa 460 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 460 3 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 460 4 requires require VBZ work_i5jewootsnhvrcvfsugrmdljaa 460 5 different different JJ work_i5jewootsnhvrcvfsugrmdljaa 460 6 agents agent NNS work_i5jewootsnhvrcvfsugrmdljaa 460 7 to to TO work_i5jewootsnhvrcvfsugrmdljaa 460 8 have have VB work_i5jewootsnhvrcvfsugrmdljaa 460 9 different different JJ work_i5jewootsnhvrcvfsugrmdljaa 460 10 state state NN work_i5jewootsnhvrcvfsugrmdljaa 460 11 spaces space NNS work_i5jewootsnhvrcvfsugrmdljaa 460 12 for for IN work_i5jewootsnhvrcvfsugrmdljaa 460 13 25 25 CD work_i5jewootsnhvrcvfsugrmdljaa 460 14 description description NN work_i5jewootsnhvrcvfsugrmdljaa 460 15 of of IN work_i5jewootsnhvrcvfsugrmdljaa 460 16 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 460 17 uncertainty uncertainty NN work_i5jewootsnhvrcvfsugrmdljaa 460 18 . . . work_i5jewootsnhvrcvfsugrmdljaa 461 1 It -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 461 2 also also RB work_i5jewootsnhvrcvfsugrmdljaa 461 3 requires require VBZ work_i5jewootsnhvrcvfsugrmdljaa 461 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 461 5 endogenous endogenous JJ work_i5jewootsnhvrcvfsugrmdljaa 461 6 expansion expansion NN work_i5jewootsnhvrcvfsugrmdljaa 461 7 of of IN work_i5jewootsnhvrcvfsugrmdljaa 461 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 461 9 economy economy NN work_i5jewootsnhvrcvfsugrmdljaa 461 10 ’s ’s POS work_i5jewootsnhvrcvfsugrmdljaa 461 11 state state NN work_i5jewootsnhvrcvfsugrmdljaa 461 12 space space NN work_i5jewootsnhvrcvfsugrmdljaa 461 13 for for IN work_i5jewootsnhvrcvfsugrmdljaa 461 14 a a DT work_i5jewootsnhvrcvfsugrmdljaa 461 15 description description NN work_i5jewootsnhvrcvfsugrmdljaa 461 16 of of IN work_i5jewootsnhvrcvfsugrmdljaa 461 17 equilibrium equilibrium NN work_i5jewootsnhvrcvfsugrmdljaa 461 18 pricing pricing NN work_i5jewootsnhvrcvfsugrmdljaa 461 19 . . . work_i5jewootsnhvrcvfsugrmdljaa 462 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 462 2 now now RB work_i5jewootsnhvrcvfsugrmdljaa 462 3 explore explore VBP work_i5jewootsnhvrcvfsugrmdljaa 462 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 462 5 conditions condition NNS work_i5jewootsnhvrcvfsugrmdljaa 462 6 under under IN work_i5jewootsnhvrcvfsugrmdljaa 462 7 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 462 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 462 9 Markov Markov NNP work_i5jewootsnhvrcvfsugrmdljaa 462 10 dynamics dynamic NNS work_i5jewootsnhvrcvfsugrmdljaa 462 11 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 462 12 10 10 CD work_i5jewootsnhvrcvfsugrmdljaa 462 13 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 462 14 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 462 15 proved prove VBN work_i5jewootsnhvrcvfsugrmdljaa 462 16 as as IN work_i5jewootsnhvrcvfsugrmdljaa 462 17 a a DT work_i5jewootsnhvrcvfsugrmdljaa 462 18 consequence consequence NN work_i5jewootsnhvrcvfsugrmdljaa 462 19 of of IN work_i5jewootsnhvrcvfsugrmdljaa 462 20 elementary elementary JJ work_i5jewootsnhvrcvfsugrmdljaa 462 21 principles principle NNS work_i5jewootsnhvrcvfsugrmdljaa 462 22 of of IN work_i5jewootsnhvrcvfsugrmdljaa 462 23 Bayesian bayesian JJ work_i5jewootsnhvrcvfsugrmdljaa 462 24 inference inference NN work_i5jewootsnhvrcvfsugrmdljaa 462 25 . . . work_i5jewootsnhvrcvfsugrmdljaa 463 1 Before before IN work_i5jewootsnhvrcvfsugrmdljaa 463 2 proceeding proceed VBG work_i5jewootsnhvrcvfsugrmdljaa 463 3 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 463 4 formulate formulate VBP work_i5jewootsnhvrcvfsugrmdljaa 463 5 the the DT work_i5jewootsnhvrcvfsugrmdljaa 463 6 problem problem NN work_i5jewootsnhvrcvfsugrmdljaa 463 7 in in IN work_i5jewootsnhvrcvfsugrmdljaa 463 8 a a DT work_i5jewootsnhvrcvfsugrmdljaa 463 9 setting setting NN work_i5jewootsnhvrcvfsugrmdljaa 463 10 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 463 11 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 463 12 more more RBR work_i5jewootsnhvrcvfsugrmdljaa 463 13 general general JJ work_i5jewootsnhvrcvfsugrmdljaa 463 14 than than IN work_i5jewootsnhvrcvfsugrmdljaa 463 15 the the DT work_i5jewootsnhvrcvfsugrmdljaa 463 16 one one CD work_i5jewootsnhvrcvfsugrmdljaa 463 17 where where WRB work_i5jewootsnhvrcvfsugrmdljaa 463 18 an an DT work_i5jewootsnhvrcvfsugrmdljaa 463 19 intrinsic intrinsic JJ work_i5jewootsnhvrcvfsugrmdljaa 463 20 value value NN work_i5jewootsnhvrcvfsugrmdljaa 463 21 Qt Qt NNP work_i5jewootsnhvrcvfsugrmdljaa 463 22 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 463 23 revealed reveal VBN work_i5jewootsnhvrcvfsugrmdljaa 463 24 . . . work_i5jewootsnhvrcvfsugrmdljaa 464 1 Instead instead RB work_i5jewootsnhvrcvfsugrmdljaa 464 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 464 3 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 464 4 assume assume VBP work_i5jewootsnhvrcvfsugrmdljaa 464 5 the the DT work_i5jewootsnhvrcvfsugrmdljaa 464 6 observable observable JJ work_i5jewootsnhvrcvfsugrmdljaa 464 7 variable variable NN work_i5jewootsnhvrcvfsugrmdljaa 464 8 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 464 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 464 10 dividend dividend NN work_i5jewootsnhvrcvfsugrmdljaa 464 11 Dt Dt NNP work_i5jewootsnhvrcvfsugrmdljaa 464 12 paid pay VBN work_i5jewootsnhvrcvfsugrmdljaa 464 13 by by IN work_i5jewootsnhvrcvfsugrmdljaa 464 14 an an DT work_i5jewootsnhvrcvfsugrmdljaa 464 15 asset asset NN work_i5jewootsnhvrcvfsugrmdljaa 464 16 before before IN work_i5jewootsnhvrcvfsugrmdljaa 464 17 trading trading NN work_i5jewootsnhvrcvfsugrmdljaa 464 18 takes take VBZ work_i5jewootsnhvrcvfsugrmdljaa 464 19 place place NN work_i5jewootsnhvrcvfsugrmdljaa 464 20 . . . work_i5jewootsnhvrcvfsugrmdljaa 465 1 This this DT work_i5jewootsnhvrcvfsugrmdljaa 465 2 will will MD work_i5jewootsnhvrcvfsugrmdljaa 465 3 result result VB work_i5jewootsnhvrcvfsugrmdljaa 465 4 in in IN work_i5jewootsnhvrcvfsugrmdljaa 465 5 a a DT work_i5jewootsnhvrcvfsugrmdljaa 465 6 more more RBR work_i5jewootsnhvrcvfsugrmdljaa 465 7 natural natural JJ work_i5jewootsnhvrcvfsugrmdljaa 465 8 timing timing NN work_i5jewootsnhvrcvfsugrmdljaa 465 9 than than IN work_i5jewootsnhvrcvfsugrmdljaa 465 10 in in IN work_i5jewootsnhvrcvfsugrmdljaa 465 11 the the DT work_i5jewootsnhvrcvfsugrmdljaa 465 12 case case NN work_i5jewootsnhvrcvfsugrmdljaa 465 13 of of IN work_i5jewootsnhvrcvfsugrmdljaa 465 14 the the DT work_i5jewootsnhvrcvfsugrmdljaa 465 15 model model NN work_i5jewootsnhvrcvfsugrmdljaa 465 16 developed develop VBN work_i5jewootsnhvrcvfsugrmdljaa 465 17 earlier early RBR work_i5jewootsnhvrcvfsugrmdljaa 465 18 . . . work_i5jewootsnhvrcvfsugrmdljaa 466 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 466 2 economy economy NN work_i5jewootsnhvrcvfsugrmdljaa 466 3 unfolds unfold VBZ work_i5jewootsnhvrcvfsugrmdljaa 466 4 over over IN work_i5jewootsnhvrcvfsugrmdljaa 466 5 an an DT work_i5jewootsnhvrcvfsugrmdljaa 466 6 infinite infinite JJ work_i5jewootsnhvrcvfsugrmdljaa 466 7 horizon horizon NN work_i5jewootsnhvrcvfsugrmdljaa 466 8 and and CC work_i5jewootsnhvrcvfsugrmdljaa 466 9 agents agent NNS work_i5jewootsnhvrcvfsugrmdljaa 466 10 have have VBP work_i5jewootsnhvrcvfsugrmdljaa 466 11 a a DT work_i5jewootsnhvrcvfsugrmdljaa 466 12 long long JJ work_i5jewootsnhvrcvfsugrmdljaa 466 13 history history NN work_i5jewootsnhvrcvfsugrmdljaa 466 14 of of IN work_i5jewootsnhvrcvfsugrmdljaa 466 15 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 466 16 , , , work_i5jewootsnhvrcvfsugrmdljaa 466 17 allowing allow VBG work_i5jewootsnhvrcvfsugrmdljaa 466 18 statistical statistical JJ work_i5jewootsnhvrcvfsugrmdljaa 466 19 analysis analysis NN work_i5jewootsnhvrcvfsugrmdljaa 466 20 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 466 21 leads lead VBZ work_i5jewootsnhvrcvfsugrmdljaa 466 22 all all DT work_i5jewootsnhvrcvfsugrmdljaa 466 23 to to TO work_i5jewootsnhvrcvfsugrmdljaa 466 24 compute compute VB work_i5jewootsnhvrcvfsugrmdljaa 466 25 the the DT work_i5jewootsnhvrcvfsugrmdljaa 466 26 same same JJ work_i5jewootsnhvrcvfsugrmdljaa 466 27 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 466 28 moments moment NNS work_i5jewootsnhvrcvfsugrmdljaa 466 29 and and CC work_i5jewootsnhvrcvfsugrmdljaa 466 30 the the DT work_i5jewootsnhvrcvfsugrmdljaa 466 31 same same JJ work_i5jewootsnhvrcvfsugrmdljaa 466 32 finite finite JJ work_i5jewootsnhvrcvfsugrmdljaa 466 33 dimensional dimensional JJ work_i5jewootsnhvrcvfsugrmdljaa 466 34 distributions distribution NNS work_i5jewootsnhvrcvfsugrmdljaa 466 35 of of IN work_i5jewootsnhvrcvfsugrmdljaa 466 36 the the DT work_i5jewootsnhvrcvfsugrmdljaa 466 37 observations observation NNS work_i5jewootsnhvrcvfsugrmdljaa 466 38 . . . work_i5jewootsnhvrcvfsugrmdljaa 467 1 Hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 467 2 they -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 467 3 all all DT work_i5jewootsnhvrcvfsugrmdljaa 467 4 deduce deduce VBP work_i5jewootsnhvrcvfsugrmdljaa 467 5 from from IN work_i5jewootsnhvrcvfsugrmdljaa 467 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 467 7 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 467 8 a a DT work_i5jewootsnhvrcvfsugrmdljaa 467 9 unique unique JJ work_i5jewootsnhvrcvfsugrmdljaa 467 10 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 467 11 probability probability NN work_i5jewootsnhvrcvfsugrmdljaa 467 12 on on IN work_i5jewootsnhvrcvfsugrmdljaa 467 13 infinite infinite JJ work_i5jewootsnhvrcvfsugrmdljaa 467 14 sequences sequence NNS work_i5jewootsnhvrcvfsugrmdljaa 467 15 denoted denote VBN work_i5jewootsnhvrcvfsugrmdljaa 467 16 by by IN work_i5jewootsnhvrcvfsugrmdljaa 467 17 . . . work_i5jewootsnhvrcvfsugrmdljaa 468 1 It -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 468 2 can can MD work_i5jewootsnhvrcvfsugrmdljaa 468 3 be be VB work_i5jewootsnhvrcvfsugrmdljaa 468 4 shown show VBN work_i5jewootsnhvrcvfsugrmdljaa 468 5 that that IN work_i5jewootsnhvrcvfsugrmdljaa 468 6 ism̂ ism̂ JJ work_i5jewootsnhvrcvfsugrmdljaa 468 7 m̂ m̂ NNP work_i5jewootsnhvrcvfsugrmdljaa 468 8 stationary stationary NN work_i5jewootsnhvrcvfsugrmdljaa 468 9 . . . work_i5jewootsnhvrcvfsugrmdljaa 469 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 469 2 assume assume VBP work_i5jewootsnhvrcvfsugrmdljaa 469 3 the the DT work_i5jewootsnhvrcvfsugrmdljaa 469 4 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 469 5 reveals reveal VBZ work_i5jewootsnhvrcvfsugrmdljaa 469 6 that that IN work_i5jewootsnhvrcvfsugrmdljaa 469 7 under under IN work_i5jewootsnhvrcvfsugrmdljaa 469 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 469 9 constitutes constitute NNS work_i5jewootsnhvrcvfsugrmdljaa 469 10 a a DT work_i5jewootsnhvrcvfsugrmdljaa 469 11 Markov Markov NNP work_i5jewootsnhvrcvfsugrmdljaa 469 12 processm̂ processm̂ NN work_i5jewootsnhvrcvfsugrmdljaa 469 13 Dt Dt NNP work_i5jewootsnhvrcvfsugrmdljaa 469 14 , , , work_i5jewootsnhvrcvfsugrmdljaa 469 15 t'1,2 t'1,2 NNP work_i5jewootsnhvrcvfsugrmdljaa 469 16 , , , work_i5jewootsnhvrcvfsugrmdljaa 469 17 ... ... : work_i5jewootsnhvrcvfsugrmdljaa 469 18 where where WRB work_i5jewootsnhvrcvfsugrmdljaa 469 19 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 469 20 conditionally conditionally RB work_i5jewootsnhvrcvfsugrmdljaa 469 21 normally normally RB work_i5jewootsnhvrcvfsugrmdljaa 469 22 distributed distribute VBN work_i5jewootsnhvrcvfsugrmdljaa 469 23 with with IN work_i5jewootsnhvrcvfsugrmdljaa 469 24 means mean NNS work_i5jewootsnhvrcvfsugrmdljaa 469 25 and and CC work_i5jewootsnhvrcvfsugrmdljaa 469 26 variance variance NN work_i5jewootsnhvrcvfsugrmdljaa 469 27 . . . work_i5jewootsnhvrcvfsugrmdljaa 470 1 Now now RB work_i5jewootsnhvrcvfsugrmdljaa 470 2 weDt%1 weDt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 470 3 μ μ NNP work_i5jewootsnhvrcvfsugrmdljaa 470 4 % % NN work_i5jewootsnhvrcvfsugrmdljaa 470 5 λd λd NN work_i5jewootsnhvrcvfsugrmdljaa 470 6 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 470 7 Dt&μ Dt&μ NNP work_i5jewootsnhvrcvfsugrmdljaa 470 8 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 470 9 σ σ NN work_i5jewootsnhvrcvfsugrmdljaa 470 10 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 470 11 d d NN work_i5jewootsnhvrcvfsugrmdljaa 470 12 define define NN work_i5jewootsnhvrcvfsugrmdljaa 470 13 , , , work_i5jewootsnhvrcvfsugrmdljaa 470 14 hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 470 15 { { -LRB- work_i5jewootsnhvrcvfsugrmdljaa 470 16 } } -RRB- work_i5jewootsnhvrcvfsugrmdljaa 470 17 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 470 18 zero zero CD work_i5jewootsnhvrcvfsugrmdljaa 470 19 mean mean NN work_i5jewootsnhvrcvfsugrmdljaa 470 20 with with IN work_i5jewootsnhvrcvfsugrmdljaa 470 21 unknown unknown JJ work_i5jewootsnhvrcvfsugrmdljaa 470 22 true true JJ work_i5jewootsnhvrcvfsugrmdljaa 470 23 probability probability NN work_i5jewootsnhvrcvfsugrmdljaa 470 24 Π π NN work_i5jewootsnhvrcvfsugrmdljaa 470 25 and and CC work_i5jewootsnhvrcvfsugrmdljaa 470 26 andt andt NNP work_i5jewootsnhvrcvfsugrmdljaa 470 27 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 470 28 Dt Dt NNP work_i5jewootsnhvrcvfsugrmdljaa 470 29 & & CC work_i5jewootsnhvrcvfsugrmdljaa 470 30 μ μ NNP work_i5jewootsnhvrcvfsugrmdljaa 470 31 dt dt NNP work_i5jewootsnhvrcvfsugrmdljaa 470 32 , , , work_i5jewootsnhvrcvfsugrmdljaa 470 33 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 470 34 ' ' POS work_i5jewootsnhvrcvfsugrmdljaa 470 35 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 470 36 , , , work_i5jewootsnhvrcvfsugrmdljaa 470 37 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 470 38 , , , work_i5jewootsnhvrcvfsugrmdljaa 470 39 ... ... : work_i5jewootsnhvrcvfsugrmdljaa 470 40 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 470 41 probability probability NN work_i5jewootsnhvrcvfsugrmdljaa 470 42 m. m. NN work_i5jewootsnhvrcvfsugrmdljaa 470 43 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 470 44 shall shall MD work_i5jewootsnhvrcvfsugrmdljaa 470 45 assume assume VB work_i5jewootsnhvrcvfsugrmdljaa 470 46 that that IN work_i5jewootsnhvrcvfsugrmdljaa 470 47 under under IN work_i5jewootsnhvrcvfsugrmdljaa 470 48 the the DT work_i5jewootsnhvrcvfsugrmdljaa 470 49 true true JJ work_i5jewootsnhvrcvfsugrmdljaa 470 50 Π π NN work_i5jewootsnhvrcvfsugrmdljaa 470 51 the the DT work_i5jewootsnhvrcvfsugrmdljaa 470 52 { { -LRB- work_i5jewootsnhvrcvfsugrmdljaa 470 53 } } -RRB- work_i5jewootsnhvrcvfsugrmdljaa 470 54 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 470 55 a a DT work_i5jewootsnhvrcvfsugrmdljaa 470 56 non non JJ work_i5jewootsnhvrcvfsugrmdljaa 470 57 - - NN work_i5jewootsnhvrcvfsugrmdljaa 470 58 stationarydt stationarydt JJ work_i5jewootsnhvrcvfsugrmdljaa 470 59 , , , work_i5jewootsnhvrcvfsugrmdljaa 470 60 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 470 61 ' ' POS work_i5jewootsnhvrcvfsugrmdljaa 470 62 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 470 63 , , , work_i5jewootsnhvrcvfsugrmdljaa 470 64 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 470 65 , , , work_i5jewootsnhvrcvfsugrmdljaa 470 66 ... ... : work_i5jewootsnhvrcvfsugrmdljaa 470 67 process process NN work_i5jewootsnhvrcvfsugrmdljaa 470 68 but but CC work_i5jewootsnhvrcvfsugrmdljaa 470 69 under under IN work_i5jewootsnhvrcvfsugrmdljaa 470 70 the the DT work_i5jewootsnhvrcvfsugrmdljaa 470 71 assumptions assumption NNS work_i5jewootsnhvrcvfsugrmdljaa 470 72 made make VBN work_i5jewootsnhvrcvfsugrmdljaa 470 73 above above IN work_i5jewootsnhvrcvfsugrmdljaa 470 74 the the DT work_i5jewootsnhvrcvfsugrmdljaa 470 75 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 470 76 probability probability NN work_i5jewootsnhvrcvfsugrmdljaa 470 77 of of IN work_i5jewootsnhvrcvfsugrmdljaa 470 78 { { -LRB- work_i5jewootsnhvrcvfsugrmdljaa 470 79 } } -RRB- work_i5jewootsnhvrcvfsugrmdljaa 470 80 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 470 81 deduceddt deduceddt JJ work_i5jewootsnhvrcvfsugrmdljaa 470 82 , , , work_i5jewootsnhvrcvfsugrmdljaa 470 83 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 470 84 ' ' POS work_i5jewootsnhvrcvfsugrmdljaa 470 85 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 470 86 , , , work_i5jewootsnhvrcvfsugrmdljaa 470 87 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 470 88 , , , work_i5jewootsnhvrcvfsugrmdljaa 470 89 ... ... : work_i5jewootsnhvrcvfsugrmdljaa 470 90 from from IN work_i5jewootsnhvrcvfsugrmdljaa 470 91 the the DT work_i5jewootsnhvrcvfsugrmdljaa 470 92 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 470 93 and and CC work_i5jewootsnhvrcvfsugrmdljaa 470 94 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 470 95 characterized characterize VBN work_i5jewootsnhvrcvfsugrmdljaa 470 96 by by IN work_i5jewootsnhvrcvfsugrmdljaa 470 97 a a DT work_i5jewootsnhvrcvfsugrmdljaa 470 98 first first JJ work_i5jewootsnhvrcvfsugrmdljaa 470 99 order order NN work_i5jewootsnhvrcvfsugrmdljaa 470 100 Markov Markov NNP work_i5jewootsnhvrcvfsugrmdljaa 470 101 process process NN work_i5jewootsnhvrcvfsugrmdljaa 470 102 with with IN work_i5jewootsnhvrcvfsugrmdljaa 470 103 a a DT work_i5jewootsnhvrcvfsugrmdljaa 470 104 stationary stationary JJ work_i5jewootsnhvrcvfsugrmdljaa 470 105 transition transition NN work_i5jewootsnhvrcvfsugrmdljaa 470 106 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 470 107 22 22 CD work_i5jewootsnhvrcvfsugrmdljaa 470 108 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 470 109 dt%1 dt%1 NN work_i5jewootsnhvrcvfsugrmdljaa 470 110 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 470 111 λd λd NNP work_i5jewootsnhvrcvfsugrmdljaa 470 112 dt dt NNP work_i5jewootsnhvrcvfsugrmdljaa 470 113 % % NN work_i5jewootsnhvrcvfsugrmdljaa 470 114 ρ ρ NNP work_i5jewootsnhvrcvfsugrmdljaa 470 115 d d NNP work_i5jewootsnhvrcvfsugrmdljaa 470 116 t%1 t%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 470 117 , , , work_i5jewootsnhvrcvfsugrmdljaa 470 118 ρ ρ NNP work_i5jewootsnhvrcvfsugrmdljaa 470 119 d d NNP work_i5jewootsnhvrcvfsugrmdljaa 470 120 t%1 t%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 470 121 - - HYPH work_i5jewootsnhvrcvfsugrmdljaa 470 122 N n NN work_i5jewootsnhvrcvfsugrmdljaa 470 123 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 470 124 0 0 NFP work_i5jewootsnhvrcvfsugrmdljaa 470 125 , , , work_i5jewootsnhvrcvfsugrmdljaa 470 126 σ σ NN work_i5jewootsnhvrcvfsugrmdljaa 470 127 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 470 128 d d NNP work_i5jewootsnhvrcvfsugrmdljaa 470 129 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 470 130 and and CC work_i5jewootsnhvrcvfsugrmdljaa 470 131 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 470 132 write write VBP work_i5jewootsnhvrcvfsugrmdljaa 470 133 . . . work_i5jewootsnhvrcvfsugrmdljaa 471 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 471 2 probability probability NN work_i5jewootsnhvrcvfsugrmdljaa 471 3 m m NN work_i5jewootsnhvrcvfsugrmdljaa 471 4 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 471 5 merely merely RB work_i5jewootsnhvrcvfsugrmdljaa 471 6 an an DT work_i5jewootsnhvrcvfsugrmdljaa 471 7 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 471 8 average average NN work_i5jewootsnhvrcvfsugrmdljaa 471 9 over over IN work_i5jewootsnhvrcvfsugrmdljaa 471 10 an an DT work_i5jewootsnhvrcvfsugrmdljaa 471 11 infiniteE infiniteE NNP work_i5jewootsnhvrcvfsugrmdljaa 471 12 m[dt%1 m[dt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 471 13 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 471 14 dt dt NN work_i5jewootsnhvrcvfsugrmdljaa 471 15 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 471 16 ' ' `` work_i5jewootsnhvrcvfsugrmdljaa 471 17 λd λd NNP work_i5jewootsnhvrcvfsugrmdljaa 471 18 dt dt VB work_i5jewootsnhvrcvfsugrmdljaa 471 19 sequence sequence NN work_i5jewootsnhvrcvfsugrmdljaa 471 20 of of IN work_i5jewootsnhvrcvfsugrmdljaa 471 21 regimes regime NNS work_i5jewootsnhvrcvfsugrmdljaa 471 22 . . . work_i5jewootsnhvrcvfsugrmdljaa 471 23 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 471 24 now now RB work_i5jewootsnhvrcvfsugrmdljaa 471 25 turn turn VBP work_i5jewootsnhvrcvfsugrmdljaa 471 26 to to IN work_i5jewootsnhvrcvfsugrmdljaa 471 27 a a DT work_i5jewootsnhvrcvfsugrmdljaa 471 28 Bayesian bayesian JJ work_i5jewootsnhvrcvfsugrmdljaa 471 29 inference inference NN work_i5jewootsnhvrcvfsugrmdljaa 471 30 about about IN work_i5jewootsnhvrcvfsugrmdljaa 471 31 the the DT work_i5jewootsnhvrcvfsugrmdljaa 471 32 true true JJ work_i5jewootsnhvrcvfsugrmdljaa 471 33 probability probability NN work_i5jewootsnhvrcvfsugrmdljaa 471 34 Π. Π. NNP work_i5jewootsnhvrcvfsugrmdljaa 472 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 472 2 a a DT work_i5jewootsnhvrcvfsugrmdljaa 472 3 standard standard JJ work_i5jewootsnhvrcvfsugrmdljaa 472 4 Bayesian bayesian JJ work_i5jewootsnhvrcvfsugrmdljaa 472 5 environment environment NN work_i5jewootsnhvrcvfsugrmdljaa 472 6 an an DT work_i5jewootsnhvrcvfsugrmdljaa 472 7 agent agent NN work_i5jewootsnhvrcvfsugrmdljaa 472 8 faces face VBZ work_i5jewootsnhvrcvfsugrmdljaa 472 9 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 472 10 generated generate VBN work_i5jewootsnhvrcvfsugrmdljaa 472 11 under under IN work_i5jewootsnhvrcvfsugrmdljaa 472 12 a a DT work_i5jewootsnhvrcvfsugrmdljaa 472 13 stationary stationary JJ work_i5jewootsnhvrcvfsugrmdljaa 472 14 structure structure NN work_i5jewootsnhvrcvfsugrmdljaa 472 15 but but CC work_i5jewootsnhvrcvfsugrmdljaa 472 16 with with IN work_i5jewootsnhvrcvfsugrmdljaa 472 17 an an DT work_i5jewootsnhvrcvfsugrmdljaa 472 18 unknown unknown JJ work_i5jewootsnhvrcvfsugrmdljaa 472 19 and and CC work_i5jewootsnhvrcvfsugrmdljaa 472 20 fixed fixed JJ work_i5jewootsnhvrcvfsugrmdljaa 472 21 parameter parameter NN work_i5jewootsnhvrcvfsugrmdljaa 472 22 . . . work_i5jewootsnhvrcvfsugrmdljaa 473 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 473 2 agent agent NN work_i5jewootsnhvrcvfsugrmdljaa 473 3 starts start VBZ work_i5jewootsnhvrcvfsugrmdljaa 473 4 with with IN work_i5jewootsnhvrcvfsugrmdljaa 473 5 a a DT work_i5jewootsnhvrcvfsugrmdljaa 473 6 prior prior NN work_i5jewootsnhvrcvfsugrmdljaa 473 7 on on IN work_i5jewootsnhvrcvfsugrmdljaa 473 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 473 9 parameter parameter NN work_i5jewootsnhvrcvfsugrmdljaa 473 10 and and CC work_i5jewootsnhvrcvfsugrmdljaa 473 11 then then RB work_i5jewootsnhvrcvfsugrmdljaa 473 12 uses use VBZ work_i5jewootsnhvrcvfsugrmdljaa 473 13 Bayesian bayesian JJ work_i5jewootsnhvrcvfsugrmdljaa 473 14 inference inference NN work_i5jewootsnhvrcvfsugrmdljaa 473 15 for for IN work_i5jewootsnhvrcvfsugrmdljaa 473 16 retrospective retrospective JJ work_i5jewootsnhvrcvfsugrmdljaa 473 17 updating updating NN work_i5jewootsnhvrcvfsugrmdljaa 473 18 of of IN work_i5jewootsnhvrcvfsugrmdljaa 473 19 his -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 473 20 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 473 21 . . . work_i5jewootsnhvrcvfsugrmdljaa 474 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 474 2 term term NN work_i5jewootsnhvrcvfsugrmdljaa 474 3 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 474 4 retrospective retrospective JJ work_i5jewootsnhvrcvfsugrmdljaa 474 5 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 474 6 stresses stress NNS work_i5jewootsnhvrcvfsugrmdljaa 474 7 that that IN work_i5jewootsnhvrcvfsugrmdljaa 474 8 inference inference NN work_i5jewootsnhvrcvfsugrmdljaa 474 9 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 474 10 made make VBN work_i5jewootsnhvrcvfsugrmdljaa 474 11 after after IN work_i5jewootsnhvrcvfsugrmdljaa 474 12 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 474 13 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 474 14 observed observe VBN work_i5jewootsnhvrcvfsugrmdljaa 474 15 . . . work_i5jewootsnhvrcvfsugrmdljaa 475 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 475 2 real real JJ work_i5jewootsnhvrcvfsugrmdljaa 475 3 time time NN work_i5jewootsnhvrcvfsugrmdljaa 475 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 475 5 agent agent NN work_i5jewootsnhvrcvfsugrmdljaa 475 6 must must MD work_i5jewootsnhvrcvfsugrmdljaa 475 7 use use VB work_i5jewootsnhvrcvfsugrmdljaa 475 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 475 9 prior prior NN work_i5jewootsnhvrcvfsugrmdljaa 475 10 to to TO work_i5jewootsnhvrcvfsugrmdljaa 475 11 forecast forecast VB work_i5jewootsnhvrcvfsugrmdljaa 475 12 all all DT work_i5jewootsnhvrcvfsugrmdljaa 475 13 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 475 14 while while IN work_i5jewootsnhvrcvfsugrmdljaa 475 15 learning learn VBG work_i5jewootsnhvrcvfsugrmdljaa 475 16 can can MD work_i5jewootsnhvrcvfsugrmdljaa 475 17 only only RB work_i5jewootsnhvrcvfsugrmdljaa 475 18 improve improve VB work_i5jewootsnhvrcvfsugrmdljaa 475 19 future future JJ work_i5jewootsnhvrcvfsugrmdljaa 475 20 forecasts forecast NNS work_i5jewootsnhvrcvfsugrmdljaa 475 21 of of IN work_i5jewootsnhvrcvfsugrmdljaa 475 22 these these DT work_i5jewootsnhvrcvfsugrmdljaa 475 23 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 475 24 . . . work_i5jewootsnhvrcvfsugrmdljaa 476 1 Our -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 476 2 model model NN work_i5jewootsnhvrcvfsugrmdljaa 476 3 has have VBZ work_i5jewootsnhvrcvfsugrmdljaa 476 4 some some DT work_i5jewootsnhvrcvfsugrmdljaa 476 5 parameters parameter NNS work_i5jewootsnhvrcvfsugrmdljaa 476 6 fixed fix VBN work_i5jewootsnhvrcvfsugrmdljaa 476 7 and and CC work_i5jewootsnhvrcvfsugrmdljaa 476 8 others other NNS work_i5jewootsnhvrcvfsugrmdljaa 476 9 that that WDT work_i5jewootsnhvrcvfsugrmdljaa 476 10 change change VBP work_i5jewootsnhvrcvfsugrmdljaa 476 11 over over IN work_i5jewootsnhvrcvfsugrmdljaa 476 12 time time NN work_i5jewootsnhvrcvfsugrmdljaa 476 13 . . . work_i5jewootsnhvrcvfsugrmdljaa 477 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 477 2 fixed fix VBN work_i5jewootsnhvrcvfsugrmdljaa 477 3 parameters parameter NNS work_i5jewootsnhvrcvfsugrmdljaa 477 4 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 477 5 known know VBN work_i5jewootsnhvrcvfsugrmdljaa 477 6 as as IN work_i5jewootsnhvrcvfsugrmdljaa 477 7 they -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 477 8 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 477 9 deduced deduce VBN work_i5jewootsnhvrcvfsugrmdljaa 477 10 from from IN work_i5jewootsnhvrcvfsugrmdljaa 477 11 the the DT work_i5jewootsnhvrcvfsugrmdljaa 477 12 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 477 13 frequencies frequency NNS work_i5jewootsnhvrcvfsugrmdljaa 477 14 . . . work_i5jewootsnhvrcvfsugrmdljaa 478 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 478 2 time time NN work_i5jewootsnhvrcvfsugrmdljaa 478 3 varying varying NN work_i5jewootsnhvrcvfsugrmdljaa 478 4 parameters parameter NNS work_i5jewootsnhvrcvfsugrmdljaa 478 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 478 6 reflecting reflect VBG work_i5jewootsnhvrcvfsugrmdljaa 478 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 478 8 non non JJ work_i5jewootsnhvrcvfsugrmdljaa 478 9 stationarity stationarity NN work_i5jewootsnhvrcvfsugrmdljaa 478 10 of of IN work_i5jewootsnhvrcvfsugrmdljaa 478 11 the the DT work_i5jewootsnhvrcvfsugrmdljaa 478 12 economy economy NN work_i5jewootsnhvrcvfsugrmdljaa 478 13 , , , work_i5jewootsnhvrcvfsugrmdljaa 478 14 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 478 15 modeled model VBN work_i5jewootsnhvrcvfsugrmdljaa 478 16 by by IN work_i5jewootsnhvrcvfsugrmdljaa 478 17 the the DT work_i5jewootsnhvrcvfsugrmdljaa 478 18 fact fact NN work_i5jewootsnhvrcvfsugrmdljaa 478 19 that that IN work_i5jewootsnhvrcvfsugrmdljaa 478 20 under under IN work_i5jewootsnhvrcvfsugrmdljaa 478 21 the the DT work_i5jewootsnhvrcvfsugrmdljaa 478 22 true true JJ work_i5jewootsnhvrcvfsugrmdljaa 478 23 probability probability NN work_i5jewootsnhvrcvfsugrmdljaa 478 24 Π Π '' work_i5jewootsnhvrcvfsugrmdljaa 478 25 the the DT work_i5jewootsnhvrcvfsugrmdljaa 478 26 value value NN work_i5jewootsnhvrcvfsugrmdljaa 478 27 hasdt hasdt VBZ work_i5jewootsnhvrcvfsugrmdljaa 478 28 a a DT work_i5jewootsnhvrcvfsugrmdljaa 478 29 transition transition NN work_i5jewootsnhvrcvfsugrmdljaa 478 30 function function NN work_i5jewootsnhvrcvfsugrmdljaa 478 31 of of IN work_i5jewootsnhvrcvfsugrmdljaa 478 32 the the DT work_i5jewootsnhvrcvfsugrmdljaa 478 33 form form NN work_i5jewootsnhvrcvfsugrmdljaa 478 34 . . . work_i5jewootsnhvrcvfsugrmdljaa 479 1 dt%1 dt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 479 2 & & CC work_i5jewootsnhvrcvfsugrmdljaa 479 3 λd λd NNP work_i5jewootsnhvrcvfsugrmdljaa 479 4 dt dt NNP work_i5jewootsnhvrcvfsugrmdljaa 479 5 ' ' `` work_i5jewootsnhvrcvfsugrmdljaa 479 6 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 479 7 % % NN work_i5jewootsnhvrcvfsugrmdljaa 479 8 ρt%1 ρt%1 . work_i5jewootsnhvrcvfsugrmdljaa 479 9 The the DT work_i5jewootsnhvrcvfsugrmdljaa 479 10 sequence sequence NN work_i5jewootsnhvrcvfsugrmdljaa 479 11 of of IN work_i5jewootsnhvrcvfsugrmdljaa 479 12 parameters parameter NNS work_i5jewootsnhvrcvfsugrmdljaa 479 13 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 479 14 an an DT work_i5jewootsnhvrcvfsugrmdljaa 479 15 exogenous exogenous JJ work_i5jewootsnhvrcvfsugrmdljaa 479 16 , , , work_i5jewootsnhvrcvfsugrmdljaa 479 17 time time NN work_i5jewootsnhvrcvfsugrmdljaa 479 18 varying varying NN work_i5jewootsnhvrcvfsugrmdljaa 479 19 mean mean NN work_i5jewootsnhvrcvfsugrmdljaa 479 20 value value NN work_i5jewootsnhvrcvfsugrmdljaa 479 21 function function NN work_i5jewootsnhvrcvfsugrmdljaa 479 22 . . . work_i5jewootsnhvrcvfsugrmdljaa 480 1 Agents agent NNS work_i5jewootsnhvrcvfsugrmdljaa 480 2 know know VBP work_i5jewootsnhvrcvfsugrmdljaa 480 3 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 480 4 λd λd NNP work_i5jewootsnhvrcvfsugrmdljaa 480 5 26 26 CD work_i5jewootsnhvrcvfsugrmdljaa 480 6 but but CC work_i5jewootsnhvrcvfsugrmdljaa 480 7 not not RB work_i5jewootsnhvrcvfsugrmdljaa 480 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 480 9 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 480 10 regimes regime NNS work_i5jewootsnhvrcvfsugrmdljaa 480 11 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 480 12 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 480 13 . . . work_i5jewootsnhvrcvfsugrmdljaa 481 1 This this DT work_i5jewootsnhvrcvfsugrmdljaa 481 2 formulation formulation NN work_i5jewootsnhvrcvfsugrmdljaa 481 3 includes include VBZ work_i5jewootsnhvrcvfsugrmdljaa 481 4 economies economy NNS work_i5jewootsnhvrcvfsugrmdljaa 481 5 with with IN work_i5jewootsnhvrcvfsugrmdljaa 481 6 slow slow JJ work_i5jewootsnhvrcvfsugrmdljaa 481 7 changing change VBG work_i5jewootsnhvrcvfsugrmdljaa 481 8 regimes regime NNS work_i5jewootsnhvrcvfsugrmdljaa 481 9 , , , work_i5jewootsnhvrcvfsugrmdljaa 481 10 each each DT work_i5jewootsnhvrcvfsugrmdljaa 481 11 lasting last VBG work_i5jewootsnhvrcvfsugrmdljaa 481 12 a a DT work_i5jewootsnhvrcvfsugrmdljaa 481 13 long long JJ work_i5jewootsnhvrcvfsugrmdljaa 481 14 time time NN work_i5jewootsnhvrcvfsugrmdljaa 481 15 or or CC work_i5jewootsnhvrcvfsugrmdljaa 481 16 fast fast JJ work_i5jewootsnhvrcvfsugrmdljaa 481 17 changing change VBG work_i5jewootsnhvrcvfsugrmdljaa 481 18 regimes regime NNS work_i5jewootsnhvrcvfsugrmdljaa 481 19 . . . work_i5jewootsnhvrcvfsugrmdljaa 482 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 482 2 mere mere JJ work_i5jewootsnhvrcvfsugrmdljaa 482 3 fact fact NN work_i5jewootsnhvrcvfsugrmdljaa 482 4 that that IN work_i5jewootsnhvrcvfsugrmdljaa 482 5 they -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 482 6 change change VBP work_i5jewootsnhvrcvfsugrmdljaa 482 7 limits limit NNS work_i5jewootsnhvrcvfsugrmdljaa 482 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 482 9 validity validity NN work_i5jewootsnhvrcvfsugrmdljaa 482 10 of of IN work_i5jewootsnhvrcvfsugrmdljaa 482 11 Bayesian bayesian JJ work_i5jewootsnhvrcvfsugrmdljaa 482 12 updating updating NN work_i5jewootsnhvrcvfsugrmdljaa 482 13 . . . work_i5jewootsnhvrcvfsugrmdljaa 483 1 To to TO work_i5jewootsnhvrcvfsugrmdljaa 483 2 see see VB work_i5jewootsnhvrcvfsugrmdljaa 483 3 why why WRB work_i5jewootsnhvrcvfsugrmdljaa 483 4 observe observe VB work_i5jewootsnhvrcvfsugrmdljaa 483 5 that that IN work_i5jewootsnhvrcvfsugrmdljaa 483 6 at at IN work_i5jewootsnhvrcvfsugrmdljaa 483 7 date date NN work_i5jewootsnhvrcvfsugrmdljaa 483 8 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 483 9 our -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 483 10 agent agent NN work_i5jewootsnhvrcvfsugrmdljaa 483 11 has have VBZ work_i5jewootsnhvrcvfsugrmdljaa 483 12 a a DT work_i5jewootsnhvrcvfsugrmdljaa 483 13 prior prior JJ work_i5jewootsnhvrcvfsugrmdljaa 483 14 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 483 15 about about IN work_i5jewootsnhvrcvfsugrmdljaa 483 16 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 483 17 with with IN work_i5jewootsnhvrcvfsugrmdljaa 483 18 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 483 19 he -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 483 20 forecasts forecast VBZ work_i5jewootsnhvrcvfsugrmdljaa 483 21 . . . work_i5jewootsnhvrcvfsugrmdljaa 484 1 After after IN work_i5jewootsnhvrcvfsugrmdljaa 484 2 observing observe VBG work_i5jewootsnhvrcvfsugrmdljaa 484 3 he -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 484 4 updates update VBZ work_i5jewootsnhvrcvfsugrmdljaa 484 5 his -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 484 6 prior prior NN work_i5jewootsnhvrcvfsugrmdljaa 484 7 to to TO work_i5jewootsnhvrcvfsugrmdljaa 484 8 have have VB work_i5jewootsnhvrcvfsugrmdljaa 484 9 a a DT work_i5jewootsnhvrcvfsugrmdljaa 484 10 sharper sharp JJR work_i5jewootsnhvrcvfsugrmdljaa 484 11 posterior posterior NN work_i5jewootsnhvrcvfsugrmdljaa 484 12 estimate estimate NN work_i5jewootsnhvrcvfsugrmdljaa 484 13 of of IN work_i5jewootsnhvrcvfsugrmdljaa 484 14 bt.dt%1 bt.dt%1 `` work_i5jewootsnhvrcvfsugrmdljaa 484 15 dt%1 dt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 484 16 But but CC work_i5jewootsnhvrcvfsugrmdljaa 484 17 when when WRB work_i5jewootsnhvrcvfsugrmdljaa 484 18 date date NN work_i5jewootsnhvrcvfsugrmdljaa 484 19 t+1 t+1 NN work_i5jewootsnhvrcvfsugrmdljaa 484 20 arrives arrive VBZ work_i5jewootsnhvrcvfsugrmdljaa 484 21 he -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 484 22 needs need VBZ work_i5jewootsnhvrcvfsugrmdljaa 484 23 to to TO work_i5jewootsnhvrcvfsugrmdljaa 484 24 forecast forecast VB work_i5jewootsnhvrcvfsugrmdljaa 484 25 and and CC work_i5jewootsnhvrcvfsugrmdljaa 484 26 for for IN work_i5jewootsnhvrcvfsugrmdljaa 484 27 that that DT work_i5jewootsnhvrcvfsugrmdljaa 484 28 he -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 484 29 needs need VBZ work_i5jewootsnhvrcvfsugrmdljaa 484 30 a a DT work_i5jewootsnhvrcvfsugrmdljaa 484 31 prior prior NN work_i5jewootsnhvrcvfsugrmdljaa 484 32 on on IN work_i5jewootsnhvrcvfsugrmdljaa 484 33 bt+1 bt+1 NNP work_i5jewootsnhvrcvfsugrmdljaa 484 34 . . . work_i5jewootsnhvrcvfsugrmdljaa 485 1 Agents agent NNS work_i5jewootsnhvrcvfsugrmdljaa 485 2 dodt%2 dodt%2 NNP work_i5jewootsnhvrcvfsugrmdljaa 485 3 not not RB work_i5jewootsnhvrcvfsugrmdljaa 485 4 know know VB work_i5jewootsnhvrcvfsugrmdljaa 485 5 if if IN work_i5jewootsnhvrcvfsugrmdljaa 485 6 and and CC work_i5jewootsnhvrcvfsugrmdljaa 485 7 when when WRB work_i5jewootsnhvrcvfsugrmdljaa 485 8 a a DT work_i5jewootsnhvrcvfsugrmdljaa 485 9 parameter parameter NN work_i5jewootsnhvrcvfsugrmdljaa 485 10 changes change VBZ work_i5jewootsnhvrcvfsugrmdljaa 485 11 . . . work_i5jewootsnhvrcvfsugrmdljaa 486 1 If if IN work_i5jewootsnhvrcvfsugrmdljaa 486 2 the the DT work_i5jewootsnhvrcvfsugrmdljaa 486 3 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 486 4 change change VBP work_i5jewootsnhvrcvfsugrmdljaa 486 5 slowly slowly RB work_i5jewootsnhvrcvfsugrmdljaa 486 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 486 7 a a DT work_i5jewootsnhvrcvfsugrmdljaa 486 8 sharp sharp JJ work_i5jewootsnhvrcvfsugrmdljaa 486 9 posterior posterior JJ work_i5jewootsnhvrcvfsugrmdljaa 486 10 estimate estimate NN work_i5jewootsnhvrcvfsugrmdljaa 486 11 of of IN work_i5jewootsnhvrcvfsugrmdljaa 486 12 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 486 13 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 486 14 given give VBN work_i5jewootsnhvrcvfsugrmdljaa 486 15 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 486 16 may may MD work_i5jewootsnhvrcvfsugrmdljaa 486 17 serve serve VB work_i5jewootsnhvrcvfsugrmdljaa 486 18 also also RB work_i5jewootsnhvrcvfsugrmdljaa 486 19 as as IN work_i5jewootsnhvrcvfsugrmdljaa 486 20 a a DT work_i5jewootsnhvrcvfsugrmdljaa 486 21 prior prior JJ work_i5jewootsnhvrcvfsugrmdljaa 486 22 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 486 23 about about IN work_i5jewootsnhvrcvfsugrmdljaa 486 24 bt+1 bt+1 NNP work_i5jewootsnhvrcvfsugrmdljaa 486 25 . . . work_i5jewootsnhvrcvfsugrmdljaa 487 1 Indeed indeed RB work_i5jewootsnhvrcvfsugrmdljaa 487 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 487 3 if if IN work_i5jewootsnhvrcvfsugrmdljaa 487 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 487 5 agent agent NN work_i5jewootsnhvrcvfsugrmdljaa 487 6 knew know VBD work_i5jewootsnhvrcvfsugrmdljaa 487 7 that that IN work_i5jewootsnhvrcvfsugrmdljaa 487 8 thedt%1 thedt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 487 9 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 487 10 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 487 11 bt%1 bt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 487 12 updated update VBN work_i5jewootsnhvrcvfsugrmdljaa 487 13 posterior posterior NN work_i5jewootsnhvrcvfsugrmdljaa 487 14 of of IN work_i5jewootsnhvrcvfsugrmdljaa 487 15 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 487 16 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 487 17 the the DT work_i5jewootsnhvrcvfsugrmdljaa 487 18 best good JJS work_i5jewootsnhvrcvfsugrmdljaa 487 19 prior prior RB work_i5jewootsnhvrcvfsugrmdljaa 487 20 of of IN work_i5jewootsnhvrcvfsugrmdljaa 487 21 bt+1 bt+1 NNP work_i5jewootsnhvrcvfsugrmdljaa 487 22 . . . work_i5jewootsnhvrcvfsugrmdljaa 488 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 488 2 the the DT work_i5jewootsnhvrcvfsugrmdljaa 488 3 absence absence NN work_i5jewootsnhvrcvfsugrmdljaa 488 4 of of IN work_i5jewootsnhvrcvfsugrmdljaa 488 5 such such JJ work_i5jewootsnhvrcvfsugrmdljaa 488 6 knowledge knowledge NN work_i5jewootsnhvrcvfsugrmdljaa 488 7 , , , work_i5jewootsnhvrcvfsugrmdljaa 488 8 agents agent NNS work_i5jewootsnhvrcvfsugrmdljaa 488 9 would would MD work_i5jewootsnhvrcvfsugrmdljaa 488 10 believe believe VB work_i5jewootsnhvrcvfsugrmdljaa 488 11 that that DT work_i5jewootsnhvrcvfsugrmdljaa 488 12 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 488 13 only only RB work_i5jewootsnhvrcvfsugrmdljaa 488 14 one one CD work_i5jewootsnhvrcvfsugrmdljaa 488 15 possibility possibility NN work_i5jewootsnhvrcvfsugrmdljaa 488 16 . . . work_i5jewootsnhvrcvfsugrmdljaa 489 1 They -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 489 2 would would MD work_i5jewootsnhvrcvfsugrmdljaa 489 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 489 4 then then RB work_i5jewootsnhvrcvfsugrmdljaa 489 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 489 6 seek seek VB work_i5jewootsnhvrcvfsugrmdljaa 489 7 additional additional JJ work_i5jewootsnhvrcvfsugrmdljaa 489 8 information information NN work_i5jewootsnhvrcvfsugrmdljaa 489 9 and and CC work_i5jewootsnhvrcvfsugrmdljaa 489 10 usebt usebt NN work_i5jewootsnhvrcvfsugrmdljaa 489 11 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 489 12 bt%1 bt%1 NN work_i5jewootsnhvrcvfsugrmdljaa 489 13 subjective subjective JJ work_i5jewootsnhvrcvfsugrmdljaa 489 14 interpretation interpretation NN work_i5jewootsnhvrcvfsugrmdljaa 489 15 of of IN work_i5jewootsnhvrcvfsugrmdljaa 489 16 other other JJ work_i5jewootsnhvrcvfsugrmdljaa 489 17 public public JJ work_i5jewootsnhvrcvfsugrmdljaa 489 18 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 489 19 to to TO work_i5jewootsnhvrcvfsugrmdljaa 489 20 arrive arrive VB work_i5jewootsnhvrcvfsugrmdljaa 489 21 at at IN work_i5jewootsnhvrcvfsugrmdljaa 489 22 alternative alternative JJ work_i5jewootsnhvrcvfsugrmdljaa 489 23 subjective subjective JJ work_i5jewootsnhvrcvfsugrmdljaa 489 24 estimates estimate NNS work_i5jewootsnhvrcvfsugrmdljaa 489 25 of of IN work_i5jewootsnhvrcvfsugrmdljaa 489 26 tobt%1 tobt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 489 27 supplement supplement VBP work_i5jewootsnhvrcvfsugrmdljaa 489 28 the the DT work_i5jewootsnhvrcvfsugrmdljaa 489 29 Bayesian bayesian JJ work_i5jewootsnhvrcvfsugrmdljaa 489 30 posterior posterior NN work_i5jewootsnhvrcvfsugrmdljaa 489 31 they -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 489 32 have have VBP work_i5jewootsnhvrcvfsugrmdljaa 489 33 . . . work_i5jewootsnhvrcvfsugrmdljaa 490 1 Such such JJ work_i5jewootsnhvrcvfsugrmdljaa 490 2 subjective subjective JJ work_i5jewootsnhvrcvfsugrmdljaa 490 3 interpretation interpretation NN work_i5jewootsnhvrcvfsugrmdljaa 490 4 of of IN work_i5jewootsnhvrcvfsugrmdljaa 490 5 public public JJ work_i5jewootsnhvrcvfsugrmdljaa 490 6 data data NN work_i5jewootsnhvrcvfsugrmdljaa 490 7 arises arise VBZ work_i5jewootsnhvrcvfsugrmdljaa 490 8 naturally naturally RB work_i5jewootsnhvrcvfsugrmdljaa 490 9 from from IN work_i5jewootsnhvrcvfsugrmdljaa 490 10 the the DT work_i5jewootsnhvrcvfsugrmdljaa 490 11 fact fact NN work_i5jewootsnhvrcvfsugrmdljaa 490 12 that that IN work_i5jewootsnhvrcvfsugrmdljaa 490 13 public public JJ work_i5jewootsnhvrcvfsugrmdljaa 490 14 quantitative quantitative JJ work_i5jewootsnhvrcvfsugrmdljaa 490 15 data data NN work_i5jewootsnhvrcvfsugrmdljaa 490 16 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 490 17 always always RB work_i5jewootsnhvrcvfsugrmdljaa 490 18 provided provide VBN work_i5jewootsnhvrcvfsugrmdljaa 490 19 together together RB work_i5jewootsnhvrcvfsugrmdljaa 490 20 with with IN work_i5jewootsnhvrcvfsugrmdljaa 490 21 a a DT work_i5jewootsnhvrcvfsugrmdljaa 490 22 vast vast JJ work_i5jewootsnhvrcvfsugrmdljaa 490 23 amount amount NN work_i5jewootsnhvrcvfsugrmdljaa 490 24 of of IN work_i5jewootsnhvrcvfsugrmdljaa 490 25 qualitative qualitative JJ work_i5jewootsnhvrcvfsugrmdljaa 490 26 information information NN work_i5jewootsnhvrcvfsugrmdljaa 490 27 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 490 28 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 490 29 an an DT work_i5jewootsnhvrcvfsugrmdljaa 490 30 important important JJ work_i5jewootsnhvrcvfsugrmdljaa 490 31 source source NN work_i5jewootsnhvrcvfsugrmdljaa 490 32 of of IN work_i5jewootsnhvrcvfsugrmdljaa 490 33 subjective subjective JJ work_i5jewootsnhvrcvfsugrmdljaa 490 34 interpretation interpretation NN work_i5jewootsnhvrcvfsugrmdljaa 490 35 of of IN work_i5jewootsnhvrcvfsugrmdljaa 490 36 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 490 37 . . . work_i5jewootsnhvrcvfsugrmdljaa 491 1 3.5.1 3.5.1 LS work_i5jewootsnhvrcvfsugrmdljaa 491 2 Qualitative qualitative JJ work_i5jewootsnhvrcvfsugrmdljaa 491 3 Information Information NNP work_i5jewootsnhvrcvfsugrmdljaa 491 4 and and CC work_i5jewootsnhvrcvfsugrmdljaa 491 5 Subjective Subjective NNP work_i5jewootsnhvrcvfsugrmdljaa 491 6 Interpretation Interpretation NNP work_i5jewootsnhvrcvfsugrmdljaa 491 7 of of IN work_i5jewootsnhvrcvfsugrmdljaa 491 8 Public public JJ work_i5jewootsnhvrcvfsugrmdljaa 491 9 Information information NN work_i5jewootsnhvrcvfsugrmdljaa 491 10 Bayesian bayesian JJ work_i5jewootsnhvrcvfsugrmdljaa 491 11 inference inference NN work_i5jewootsnhvrcvfsugrmdljaa 491 12 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 491 13 only only RB work_i5jewootsnhvrcvfsugrmdljaa 491 14 possible possible JJ work_i5jewootsnhvrcvfsugrmdljaa 491 15 with with IN work_i5jewootsnhvrcvfsugrmdljaa 491 16 quantitative quantitative JJ work_i5jewootsnhvrcvfsugrmdljaa 491 17 measures measure NNS work_i5jewootsnhvrcvfsugrmdljaa 491 18 . . . work_i5jewootsnhvrcvfsugrmdljaa 492 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 492 2 fact fact NN work_i5jewootsnhvrcvfsugrmdljaa 492 3 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 492 4 that that IN work_i5jewootsnhvrcvfsugrmdljaa 492 5 quantitative quantitative JJ work_i5jewootsnhvrcvfsugrmdljaa 492 6 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 492 7 like like UH work_i5jewootsnhvrcvfsugrmdljaa 492 8 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 492 9 always always RB work_i5jewootsnhvrcvfsugrmdljaa 492 10 accompanied accompany VBN work_i5jewootsnhvrcvfsugrmdljaa 492 11 with with IN work_i5jewootsnhvrcvfsugrmdljaa 492 12 much much JJ work_i5jewootsnhvrcvfsugrmdljaa 492 13 qualitative qualitative JJ work_i5jewootsnhvrcvfsugrmdljaa 492 14 public public JJ work_i5jewootsnhvrcvfsugrmdljaa 492 15 information information NN work_i5jewootsnhvrcvfsugrmdljaa 492 16 about about IN work_i5jewootsnhvrcvfsugrmdljaa 492 17 usual usual JJ work_i5jewootsnhvrcvfsugrmdljaa 492 18 or or CC work_i5jewootsnhvrcvfsugrmdljaa 492 19 unusualdt unusualdt JJ work_i5jewootsnhvrcvfsugrmdljaa 492 20 conditions condition NNS work_i5jewootsnhvrcvfsugrmdljaa 492 21 . . . work_i5jewootsnhvrcvfsugrmdljaa 493 1 For for IN work_i5jewootsnhvrcvfsugrmdljaa 493 2 example example NN work_i5jewootsnhvrcvfsugrmdljaa 493 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 493 4 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 493 5 on on IN work_i5jewootsnhvrcvfsugrmdljaa 493 6 inflation inflation NN work_i5jewootsnhvrcvfsugrmdljaa 493 7 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 493 8 interpreted interpret VBN work_i5jewootsnhvrcvfsugrmdljaa 493 9 with with IN work_i5jewootsnhvrcvfsugrmdljaa 493 10 reports report NNS work_i5jewootsnhvrcvfsugrmdljaa 493 11 on on IN work_i5jewootsnhvrcvfsugrmdljaa 493 12 normal normal JJ work_i5jewootsnhvrcvfsugrmdljaa 493 13 or or CC work_i5jewootsnhvrcvfsugrmdljaa 493 14 abnormal abnormal JJ work_i5jewootsnhvrcvfsugrmdljaa 493 15 productivity productivity NN work_i5jewootsnhvrcvfsugrmdljaa 493 16 features feature NNS work_i5jewootsnhvrcvfsugrmdljaa 493 17 , , , work_i5jewootsnhvrcvfsugrmdljaa 493 18 conditions condition NNS work_i5jewootsnhvrcvfsugrmdljaa 493 19 of of IN work_i5jewootsnhvrcvfsugrmdljaa 493 20 the the DT work_i5jewootsnhvrcvfsugrmdljaa 493 21 labor labor NN work_i5jewootsnhvrcvfsugrmdljaa 493 22 markets market NNS work_i5jewootsnhvrcvfsugrmdljaa 493 23 , , , work_i5jewootsnhvrcvfsugrmdljaa 493 24 assessment assessment NN work_i5jewootsnhvrcvfsugrmdljaa 493 25 of of IN work_i5jewootsnhvrcvfsugrmdljaa 493 26 the the DT work_i5jewootsnhvrcvfsugrmdljaa 493 27 price price NN work_i5jewootsnhvrcvfsugrmdljaa 493 28 of of IN work_i5jewootsnhvrcvfsugrmdljaa 493 29 energy energy NN work_i5jewootsnhvrcvfsugrmdljaa 493 30 , , , work_i5jewootsnhvrcvfsugrmdljaa 493 31 political political JJ work_i5jewootsnhvrcvfsugrmdljaa 493 32 environment environment NN work_i5jewootsnhvrcvfsugrmdljaa 493 33 , , , work_i5jewootsnhvrcvfsugrmdljaa 493 34 etc etc FW work_i5jewootsnhvrcvfsugrmdljaa 493 35 . . . work_i5jewootsnhvrcvfsugrmdljaa 494 1 If if IN work_i5jewootsnhvrcvfsugrmdljaa 494 2 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 494 3 profits profit NNS work_i5jewootsnhvrcvfsugrmdljaa 494 4 of of IN work_i5jewootsnhvrcvfsugrmdljaa 494 5 a a DT work_i5jewootsnhvrcvfsugrmdljaa 494 6 firm firm NN work_i5jewootsnhvrcvfsugrmdljaa 494 7 then then RB work_i5jewootsnhvrcvfsugrmdljaa 494 8 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 494 9 just just RB work_i5jewootsnhvrcvfsugrmdljaa 494 10 one one CD work_i5jewootsnhvrcvfsugrmdljaa 494 11 number number NN work_i5jewootsnhvrcvfsugrmdljaa 494 12 extracted extract VBN work_i5jewootsnhvrcvfsugrmdljaa 494 13 from from IN work_i5jewootsnhvrcvfsugrmdljaa 494 14 a a DT work_i5jewootsnhvrcvfsugrmdljaa 494 15 detaileddt detaileddt NN work_i5jewootsnhvrcvfsugrmdljaa 494 16 dt dt NNP work_i5jewootsnhvrcvfsugrmdljaa 494 17 financial financial JJ work_i5jewootsnhvrcvfsugrmdljaa 494 18 report report NN work_i5jewootsnhvrcvfsugrmdljaa 494 19 of of IN work_i5jewootsnhvrcvfsugrmdljaa 494 20 the the DT work_i5jewootsnhvrcvfsugrmdljaa 494 21 firm firm NN work_i5jewootsnhvrcvfsugrmdljaa 494 22 , , , work_i5jewootsnhvrcvfsugrmdljaa 494 23 the the DT work_i5jewootsnhvrcvfsugrmdljaa 494 24 industry industry NN work_i5jewootsnhvrcvfsugrmdljaa 494 25 , , , work_i5jewootsnhvrcvfsugrmdljaa 494 26 the the DT work_i5jewootsnhvrcvfsugrmdljaa 494 27 technology technology NN work_i5jewootsnhvrcvfsugrmdljaa 494 28 or or CC work_i5jewootsnhvrcvfsugrmdljaa 494 29 the the DT work_i5jewootsnhvrcvfsugrmdljaa 494 30 products product NNS work_i5jewootsnhvrcvfsugrmdljaa 494 31 involved involve VBN work_i5jewootsnhvrcvfsugrmdljaa 494 32 . . . work_i5jewootsnhvrcvfsugrmdljaa 495 1 If if IN work_i5jewootsnhvrcvfsugrmdljaa 495 2 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 495 3 profits profit NNS work_i5jewootsnhvrcvfsugrmdljaa 495 4 ofdt ofdt NNP work_i5jewootsnhvrcvfsugrmdljaa 495 5 the the DT work_i5jewootsnhvrcvfsugrmdljaa 495 6 S&P500 s&p500 CD work_i5jewootsnhvrcvfsugrmdljaa 495 7 then then RB work_i5jewootsnhvrcvfsugrmdljaa 495 8 qualitative qualitative JJ work_i5jewootsnhvrcvfsugrmdljaa 495 9 information information NN work_i5jewootsnhvrcvfsugrmdljaa 495 10 includes include VBZ work_i5jewootsnhvrcvfsugrmdljaa 495 11 general general JJ work_i5jewootsnhvrcvfsugrmdljaa 495 12 business business NN work_i5jewootsnhvrcvfsugrmdljaa 495 13 conditions condition NNS work_i5jewootsnhvrcvfsugrmdljaa 495 14 , , , work_i5jewootsnhvrcvfsugrmdljaa 495 15 monetary monetary JJ work_i5jewootsnhvrcvfsugrmdljaa 495 16 policy policy NN work_i5jewootsnhvrcvfsugrmdljaa 495 17 , , , work_i5jewootsnhvrcvfsugrmdljaa 495 18 political political JJ work_i5jewootsnhvrcvfsugrmdljaa 495 19 environment environment NN work_i5jewootsnhvrcvfsugrmdljaa 495 20 , , , work_i5jewootsnhvrcvfsugrmdljaa 495 21 prospective prospective JJ work_i5jewootsnhvrcvfsugrmdljaa 495 22 tax tax NN work_i5jewootsnhvrcvfsugrmdljaa 495 23 reform reform NN work_i5jewootsnhvrcvfsugrmdljaa 495 24 , , , work_i5jewootsnhvrcvfsugrmdljaa 495 25 trends trend NNS work_i5jewootsnhvrcvfsugrmdljaa 495 26 in in IN work_i5jewootsnhvrcvfsugrmdljaa 495 27 productivity productivity NN work_i5jewootsnhvrcvfsugrmdljaa 495 28 and and CC work_i5jewootsnhvrcvfsugrmdljaa 495 29 other other JJ work_i5jewootsnhvrcvfsugrmdljaa 495 30 macroeconomic macroeconomic JJ work_i5jewootsnhvrcvfsugrmdljaa 495 31 conditions condition NNS work_i5jewootsnhvrcvfsugrmdljaa 495 32 . . . work_i5jewootsnhvrcvfsugrmdljaa 496 1 Qualitative qualitative JJ work_i5jewootsnhvrcvfsugrmdljaa 496 2 information information NN work_i5jewootsnhvrcvfsugrmdljaa 496 3 can can MD work_i5jewootsnhvrcvfsugrmdljaa 496 4 not not RB work_i5jewootsnhvrcvfsugrmdljaa 496 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 496 6 in in IN work_i5jewootsnhvrcvfsugrmdljaa 496 7 general general JJ work_i5jewootsnhvrcvfsugrmdljaa 496 8 , , , work_i5jewootsnhvrcvfsugrmdljaa 496 9 be be VB work_i5jewootsnhvrcvfsugrmdljaa 496 10 compared compare VBN work_i5jewootsnhvrcvfsugrmdljaa 496 11 over over IN work_i5jewootsnhvrcvfsugrmdljaa 496 12 time time NN work_i5jewootsnhvrcvfsugrmdljaa 496 13 and and CC work_i5jewootsnhvrcvfsugrmdljaa 496 14 does do VBZ work_i5jewootsnhvrcvfsugrmdljaa 496 15 not not RB work_i5jewootsnhvrcvfsugrmdljaa 496 16 constitute constitute VB work_i5jewootsnhvrcvfsugrmdljaa 496 17 conventional conventional JJ work_i5jewootsnhvrcvfsugrmdljaa 496 18 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 496 19 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 496 20 . . . work_i5jewootsnhvrcvfsugrmdljaa 496 21 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 496 22 For for IN work_i5jewootsnhvrcvfsugrmdljaa 496 23 example example NN work_i5jewootsnhvrcvfsugrmdljaa 496 24 , , , work_i5jewootsnhvrcvfsugrmdljaa 496 25 when when WRB work_i5jewootsnhvrcvfsugrmdljaa 496 26 a a DT work_i5jewootsnhvrcvfsugrmdljaa 496 27 firm firm NN work_i5jewootsnhvrcvfsugrmdljaa 496 28 announces announce VBZ work_i5jewootsnhvrcvfsugrmdljaa 496 29 a a DT work_i5jewootsnhvrcvfsugrmdljaa 496 30 new new JJ work_i5jewootsnhvrcvfsugrmdljaa 496 31 research research NN work_i5jewootsnhvrcvfsugrmdljaa 496 32 into into IN work_i5jewootsnhvrcvfsugrmdljaa 496 33 something something NN work_i5jewootsnhvrcvfsugrmdljaa 496 34 that that WDT work_i5jewootsnhvrcvfsugrmdljaa 496 35 did do VBD work_i5jewootsnhvrcvfsugrmdljaa 496 36 not not RB work_i5jewootsnhvrcvfsugrmdljaa 496 37 exist exist VB work_i5jewootsnhvrcvfsugrmdljaa 496 38 before before RB work_i5jewootsnhvrcvfsugrmdljaa 496 39 , , , work_i5jewootsnhvrcvfsugrmdljaa 496 40 no no DT work_i5jewootsnhvrcvfsugrmdljaa 496 41 past past JJ work_i5jewootsnhvrcvfsugrmdljaa 496 42 data data NN work_i5jewootsnhvrcvfsugrmdljaa 496 43 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 496 44 available available JJ work_i5jewootsnhvrcvfsugrmdljaa 496 45 for for IN work_i5jewootsnhvrcvfsugrmdljaa 496 46 comparison comparison NN work_i5jewootsnhvrcvfsugrmdljaa 496 47 . . . work_i5jewootsnhvrcvfsugrmdljaa 497 1 When when WRB work_i5jewootsnhvrcvfsugrmdljaa 497 2 a a DT work_i5jewootsnhvrcvfsugrmdljaa 497 3 new new JJ work_i5jewootsnhvrcvfsugrmdljaa 497 4 product product NN work_i5jewootsnhvrcvfsugrmdljaa 497 5 alters alter VBZ work_i5jewootsnhvrcvfsugrmdljaa 497 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 497 7 nature nature NN work_i5jewootsnhvrcvfsugrmdljaa 497 8 of of IN work_i5jewootsnhvrcvfsugrmdljaa 497 9 an an DT work_i5jewootsnhvrcvfsugrmdljaa 497 10 industry industry NN work_i5jewootsnhvrcvfsugrmdljaa 497 11 , , , work_i5jewootsnhvrcvfsugrmdljaa 497 12 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 497 13 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 497 14 a a DT work_i5jewootsnhvrcvfsugrmdljaa 497 15 unique unique JJ work_i5jewootsnhvrcvfsugrmdljaa 497 16 event event NN work_i5jewootsnhvrcvfsugrmdljaa 497 17 . . . work_i5jewootsnhvrcvfsugrmdljaa 498 1 Financial financial JJ work_i5jewootsnhvrcvfsugrmdljaa 498 2 markets market NNS work_i5jewootsnhvrcvfsugrmdljaa 498 3 pay pay VBP work_i5jewootsnhvrcvfsugrmdljaa 498 4 a a DT work_i5jewootsnhvrcvfsugrmdljaa 498 5 great great JJ work_i5jewootsnhvrcvfsugrmdljaa 498 6 deal deal NN work_i5jewootsnhvrcvfsugrmdljaa 498 7 of of IN work_i5jewootsnhvrcvfsugrmdljaa 498 8 attention attention NN work_i5jewootsnhvrcvfsugrmdljaa 498 9 to to IN work_i5jewootsnhvrcvfsugrmdljaa 498 10 qualitative qualitative JJ work_i5jewootsnhvrcvfsugrmdljaa 498 11 announcements announcement NNS work_i5jewootsnhvrcvfsugrmdljaa 498 12 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 498 13 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 498 14 often often RB work_i5jewootsnhvrcvfsugrmdljaa 498 15 the the DT work_i5jewootsnhvrcvfsugrmdljaa 498 16 focus focus NN work_i5jewootsnhvrcvfsugrmdljaa 498 17 of of IN work_i5jewootsnhvrcvfsugrmdljaa 498 18 diverse diverse JJ work_i5jewootsnhvrcvfsugrmdljaa 498 19 opinions opinion NNS work_i5jewootsnhvrcvfsugrmdljaa 498 20 of of IN work_i5jewootsnhvrcvfsugrmdljaa 498 21 investors investor NNS work_i5jewootsnhvrcvfsugrmdljaa 498 22 . . . work_i5jewootsnhvrcvfsugrmdljaa 499 1 There there EX work_i5jewootsnhvrcvfsugrmdljaa 499 2 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 499 3 little little JJ work_i5jewootsnhvrcvfsugrmdljaa 499 4 modeling modeling NN work_i5jewootsnhvrcvfsugrmdljaa 499 5 of of IN work_i5jewootsnhvrcvfsugrmdljaa 499 6 deduction deduction NN work_i5jewootsnhvrcvfsugrmdljaa 499 7 from from IN work_i5jewootsnhvrcvfsugrmdljaa 499 8 qualitative qualitative JJ work_i5jewootsnhvrcvfsugrmdljaa 499 9 information information NN work_i5jewootsnhvrcvfsugrmdljaa 499 10 . . . work_i5jewootsnhvrcvfsugrmdljaa 500 1 Saari Saari NNP work_i5jewootsnhvrcvfsugrmdljaa 500 2 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 500 3 2006 2006 CD work_i5jewootsnhvrcvfsugrmdljaa 500 4 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 500 5 uses use VBZ work_i5jewootsnhvrcvfsugrmdljaa 500 6 qualitative qualitative JJ work_i5jewootsnhvrcvfsugrmdljaa 500 7 information information NN work_i5jewootsnhvrcvfsugrmdljaa 500 8 in in IN work_i5jewootsnhvrcvfsugrmdljaa 500 9 a a DT work_i5jewootsnhvrcvfsugrmdljaa 500 10 competitive competitive JJ work_i5jewootsnhvrcvfsugrmdljaa 500 11 model model NN work_i5jewootsnhvrcvfsugrmdljaa 500 12 of of IN work_i5jewootsnhvrcvfsugrmdljaa 500 13 market market NN work_i5jewootsnhvrcvfsugrmdljaa 500 14 shares share NNS work_i5jewootsnhvrcvfsugrmdljaa 500 15 . . . work_i5jewootsnhvrcvfsugrmdljaa 501 1 Toukan Toukan NNP work_i5jewootsnhvrcvfsugrmdljaa 501 2 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 501 3 2006 2006 CD work_i5jewootsnhvrcvfsugrmdljaa 501 4 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 501 5 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 501 6 a a DT work_i5jewootsnhvrcvfsugrmdljaa 501 7 second second JJ work_i5jewootsnhvrcvfsugrmdljaa 501 8 example example NN work_i5jewootsnhvrcvfsugrmdljaa 501 9 . . . work_i5jewootsnhvrcvfsugrmdljaa 502 1 27 27 CD work_i5jewootsnhvrcvfsugrmdljaa 502 2 Here here RB work_i5jewootsnhvrcvfsugrmdljaa 502 3 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 502 4 provide provide VBP work_i5jewootsnhvrcvfsugrmdljaa 502 5 a a DT work_i5jewootsnhvrcvfsugrmdljaa 502 6 simple simple JJ work_i5jewootsnhvrcvfsugrmdljaa 502 7 formalization formalization NN work_i5jewootsnhvrcvfsugrmdljaa 502 8 of of IN work_i5jewootsnhvrcvfsugrmdljaa 502 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 502 10 use use NN work_i5jewootsnhvrcvfsugrmdljaa 502 11 of of IN work_i5jewootsnhvrcvfsugrmdljaa 502 12 qualitative qualitative JJ work_i5jewootsnhvrcvfsugrmdljaa 502 13 information information NN work_i5jewootsnhvrcvfsugrmdljaa 502 14 . . . work_i5jewootsnhvrcvfsugrmdljaa 503 1 Thus thus RB work_i5jewootsnhvrcvfsugrmdljaa 503 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 503 3 qualitative qualitative JJ work_i5jewootsnhvrcvfsugrmdljaa 503 4 information information NN work_i5jewootsnhvrcvfsugrmdljaa 503 5 consist consist VBP work_i5jewootsnhvrcvfsugrmdljaa 503 6 of of IN work_i5jewootsnhvrcvfsugrmdljaa 503 7 statements statement NNS work_i5jewootsnhvrcvfsugrmdljaa 503 8 about about IN work_i5jewootsnhvrcvfsugrmdljaa 503 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 503 10 future future NN work_i5jewootsnhvrcvfsugrmdljaa 503 11 . . . work_i5jewootsnhvrcvfsugrmdljaa 504 1 Let let VB work_i5jewootsnhvrcvfsugrmdljaa 504 2 date date NN work_i5jewootsnhvrcvfsugrmdljaa 504 3 t t NN work_i5jewootsnhvrcvfsugrmdljaa 504 4 statements statement NNS work_i5jewootsnhvrcvfsugrmdljaa 504 5 be be VB work_i5jewootsnhvrcvfsugrmdljaa 504 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 504 7 At at IN work_i5jewootsnhvrcvfsugrmdljaa 504 8 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 504 9 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 504 10 At1,At2, at1,at2, NN work_i5jewootsnhvrcvfsugrmdljaa 504 11 ... ... : work_i5jewootsnhvrcvfsugrmdljaa 504 12 ,AtKt ,AtKt NFP work_i5jewootsnhvrcvfsugrmdljaa 504 13 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 504 14 each each DT work_i5jewootsnhvrcvfsugrmdljaa 504 15 with with IN work_i5jewootsnhvrcvfsugrmdljaa 504 16 quantitative quantitative JJ work_i5jewootsnhvrcvfsugrmdljaa 504 17 measures measure NNS work_i5jewootsnhvrcvfsugrmdljaa 504 18 in in IN work_i5jewootsnhvrcvfsugrmdljaa 504 19 some some DT work_i5jewootsnhvrcvfsugrmdljaa 504 20 units unit NNS work_i5jewootsnhvrcvfsugrmdljaa 504 21 . . . work_i5jewootsnhvrcvfsugrmdljaa 505 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 505 2 list list NN work_i5jewootsnhvrcvfsugrmdljaa 505 3 may may MD work_i5jewootsnhvrcvfsugrmdljaa 505 4 change change VB work_i5jewootsnhvrcvfsugrmdljaa 505 5 with with IN work_i5jewootsnhvrcvfsugrmdljaa 505 6 t t NN work_i5jewootsnhvrcvfsugrmdljaa 505 7 and and CC work_i5jewootsnhvrcvfsugrmdljaa 505 8 varies vary VBZ work_i5jewootsnhvrcvfsugrmdljaa 505 9 with with IN work_i5jewootsnhvrcvfsugrmdljaa 505 10 time time NN work_i5jewootsnhvrcvfsugrmdljaa 505 11 . . . work_i5jewootsnhvrcvfsugrmdljaa 505 12 Kt Kt NNP work_i5jewootsnhvrcvfsugrmdljaa 505 13 The the DT work_i5jewootsnhvrcvfsugrmdljaa 505 14 activity activity NN work_i5jewootsnhvrcvfsugrmdljaa 505 15 in in IN work_i5jewootsnhvrcvfsugrmdljaa 505 16 a a DT work_i5jewootsnhvrcvfsugrmdljaa 505 17 statement statement NN work_i5jewootsnhvrcvfsugrmdljaa 505 18 may may MD work_i5jewootsnhvrcvfsugrmdljaa 505 19 turn turn VB work_i5jewootsnhvrcvfsugrmdljaa 505 20 out out RP work_i5jewootsnhvrcvfsugrmdljaa 505 21 to to TO work_i5jewootsnhvrcvfsugrmdljaa 505 22 impact impact VB work_i5jewootsnhvrcvfsugrmdljaa 505 23 or or CC work_i5jewootsnhvrcvfsugrmdljaa 505 24 not not RB work_i5jewootsnhvrcvfsugrmdljaa 505 25 . . . work_i5jewootsnhvrcvfsugrmdljaa 506 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 506 2 effects effect NNS work_i5jewootsnhvrcvfsugrmdljaa 506 3 may may MD work_i5jewootsnhvrcvfsugrmdljaa 506 4 be be VB work_i5jewootsnhvrcvfsugrmdljaa 506 5 desirable(dt%1&λd desirable(dt%1&λd NNP work_i5jewootsnhvrcvfsugrmdljaa 506 6 dt dt NNP work_i5jewootsnhvrcvfsugrmdljaa 506 7 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 506 8 or or CC work_i5jewootsnhvrcvfsugrmdljaa 506 9 not not RB work_i5jewootsnhvrcvfsugrmdljaa 506 10 . . . work_i5jewootsnhvrcvfsugrmdljaa 507 1 A a DT work_i5jewootsnhvrcvfsugrmdljaa 507 2 realization realization NN work_i5jewootsnhvrcvfsugrmdljaa 507 3 at at IN work_i5jewootsnhvrcvfsugrmdljaa 507 4 t+1 t+1 NN work_i5jewootsnhvrcvfsugrmdljaa 507 5 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 507 6 a a DT work_i5jewootsnhvrcvfsugrmdljaa 507 7 vector vector NN work_i5jewootsnhvrcvfsugrmdljaa 507 8 of of IN work_i5jewootsnhvrcvfsugrmdljaa 507 9 numbers number NNS work_i5jewootsnhvrcvfsugrmdljaa 507 10 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 507 11 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 507 12 0 0 CD work_i5jewootsnhvrcvfsugrmdljaa 507 13 or or CC work_i5jewootsnhvrcvfsugrmdljaa 507 14 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 507 15 . . . work_i5jewootsnhvrcvfsugrmdljaa 508 1 A a DT work_i5jewootsnhvrcvfsugrmdljaa 508 2 0nt%1'(nt%1,1,nt%1,2, 0nt%1'(nt%1,1,nt%1,2, NNP work_i5jewootsnhvrcvfsugrmdljaa 508 3 ... ... : work_i5jewootsnhvrcvfsugrmdljaa 508 4 ,nt%1,Kt ,nt%1,Kt NFP work_i5jewootsnhvrcvfsugrmdljaa 508 5 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 508 6 means mean VBZ work_i5jewootsnhvrcvfsugrmdljaa 508 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 508 8 activity activity NN work_i5jewootsnhvrcvfsugrmdljaa 508 9 turns turn VBZ work_i5jewootsnhvrcvfsugrmdljaa 508 10 out out RP work_i5jewootsnhvrcvfsugrmdljaa 508 11 to to TO work_i5jewootsnhvrcvfsugrmdljaa 508 12 have have VB work_i5jewootsnhvrcvfsugrmdljaa 508 13 no no DT work_i5jewootsnhvrcvfsugrmdljaa 508 14 effect effect NN work_i5jewootsnhvrcvfsugrmdljaa 508 15 and and CC work_i5jewootsnhvrcvfsugrmdljaa 508 16 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 508 17 means mean VBZ work_i5jewootsnhvrcvfsugrmdljaa 508 18 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 508 19 has have VBZ work_i5jewootsnhvrcvfsugrmdljaa 508 20 an an DT work_i5jewootsnhvrcvfsugrmdljaa 508 21 effect effect NN work_i5jewootsnhvrcvfsugrmdljaa 508 22 . . . work_i5jewootsnhvrcvfsugrmdljaa 509 1 These these DT work_i5jewootsnhvrcvfsugrmdljaa 509 2 can can MD work_i5jewootsnhvrcvfsugrmdljaa 509 3 be be VB work_i5jewootsnhvrcvfsugrmdljaa 509 4 interpreted interpret VBN work_i5jewootsnhvrcvfsugrmdljaa 509 5 as as IN work_i5jewootsnhvrcvfsugrmdljaa 509 6 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 509 7 success success NN work_i5jewootsnhvrcvfsugrmdljaa 509 8 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 509 9 or or CC work_i5jewootsnhvrcvfsugrmdljaa 509 10 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 509 11 failure failure NN work_i5jewootsnhvrcvfsugrmdljaa 509 12 . . . work_i5jewootsnhvrcvfsugrmdljaa 509 13 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 509 14 There there EX work_i5jewootsnhvrcvfsugrmdljaa 509 15 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 509 16 possible possible JJ work_i5jewootsnhvrcvfsugrmdljaa 509 17 vectors vector NNS work_i5jewootsnhvrcvfsugrmdljaa 509 18 of of IN work_i5jewootsnhvrcvfsugrmdljaa 509 19 outcomes outcome NNS work_i5jewootsnhvrcvfsugrmdljaa 509 20 . . . work_i5jewootsnhvrcvfsugrmdljaa 510 1 Next,2 Next,2 NNP work_i5jewootsnhvrcvfsugrmdljaa 510 2 Kt Kt NNP work_i5jewootsnhvrcvfsugrmdljaa 510 3 nt%1(k nt%1(k NNP work_i5jewootsnhvrcvfsugrmdljaa 510 4 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 510 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 510 6 k'1 k'1 NNP work_i5jewootsnhvrcvfsugrmdljaa 510 7 , , , work_i5jewootsnhvrcvfsugrmdljaa 510 8 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 510 9 , , , work_i5jewootsnhvrcvfsugrmdljaa 510 10 ... ... : work_i5jewootsnhvrcvfsugrmdljaa 510 11 , , , work_i5jewootsnhvrcvfsugrmdljaa 510 12 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 510 13 Kt Kt NNP work_i5jewootsnhvrcvfsugrmdljaa 510 14 agent agent NN work_i5jewootsnhvrcvfsugrmdljaa 510 15 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 510 16 has have VBZ work_i5jewootsnhvrcvfsugrmdljaa 510 17 a a DT work_i5jewootsnhvrcvfsugrmdljaa 510 18 subjective subjective JJ work_i5jewootsnhvrcvfsugrmdljaa 510 19 map map NN work_i5jewootsnhvrcvfsugrmdljaa 510 20 from from IN work_i5jewootsnhvrcvfsugrmdljaa 510 21 to to IN work_i5jewootsnhvrcvfsugrmdljaa 510 22 an an DT work_i5jewootsnhvrcvfsugrmdljaa 510 23 expected expect VBN work_i5jewootsnhvrcvfsugrmdljaa 510 24 value value NN work_i5jewootsnhvrcvfsugrmdljaa 510 25 of of IN work_i5jewootsnhvrcvfsugrmdljaa 510 26 . . . work_i5jewootsnhvrcvfsugrmdljaa 511 1 This this DT work_i5jewootsnhvrcvfsugrmdljaa 511 2 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 511 3 annt%1 annt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 511 4 Φ Φ NNP work_i5jewootsnhvrcvfsugrmdljaa 511 5 i(nt%1 i(nt%1 CD work_i5jewootsnhvrcvfsugrmdljaa 511 6 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 511 7 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 511 8 dt%1&λd dt%1&λd NNP work_i5jewootsnhvrcvfsugrmdljaa 511 9 dt dt NNP work_i5jewootsnhvrcvfsugrmdljaa 511 10 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 511 11 independent independent JJ work_i5jewootsnhvrcvfsugrmdljaa 511 12 estimate estimate NN work_i5jewootsnhvrcvfsugrmdljaa 511 13 by by IN work_i5jewootsnhvrcvfsugrmdljaa 511 14 agent agent NN work_i5jewootsnhvrcvfsugrmdljaa 511 15 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 511 16 on on IN work_i5jewootsnhvrcvfsugrmdljaa 511 17 how how WRB work_i5jewootsnhvrcvfsugrmdljaa 511 18 different different JJ work_i5jewootsnhvrcvfsugrmdljaa 511 19 he -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 511 20 expects expect VBZ work_i5jewootsnhvrcvfsugrmdljaa 511 21 to to TO work_i5jewootsnhvrcvfsugrmdljaa 511 22 be be VB work_i5jewootsnhvrcvfsugrmdljaa 511 23 from from IN work_i5jewootsnhvrcvfsugrmdljaa 511 24 the the DT work_i5jewootsnhvrcvfsugrmdljaa 511 25 stationary(dt%1&λd stationary(dt%1&λd NNP work_i5jewootsnhvrcvfsugrmdljaa 511 26 dt dt NN work_i5jewootsnhvrcvfsugrmdljaa 511 27 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 511 28 forecast forecast NN work_i5jewootsnhvrcvfsugrmdljaa 511 29 conditional conditional JJ work_i5jewootsnhvrcvfsugrmdljaa 511 30 upon upon IN work_i5jewootsnhvrcvfsugrmdljaa 511 31 the the DT work_i5jewootsnhvrcvfsugrmdljaa 511 32 success success NN work_i5jewootsnhvrcvfsugrmdljaa 511 33 or or CC work_i5jewootsnhvrcvfsugrmdljaa 511 34 failure failure NN work_i5jewootsnhvrcvfsugrmdljaa 511 35 of of IN work_i5jewootsnhvrcvfsugrmdljaa 511 36 the the DT work_i5jewootsnhvrcvfsugrmdljaa 511 37 statements statement NNS work_i5jewootsnhvrcvfsugrmdljaa 511 38 . . . work_i5jewootsnhvrcvfsugrmdljaa 512 1 But but CC work_i5jewootsnhvrcvfsugrmdljaa 512 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 512 3 keep keep VB work_i5jewootsnhvrcvfsugrmdljaa 512 4 in in IN work_i5jewootsnhvrcvfsugrmdljaa 512 5 mind mind NN work_i5jewootsnhvrcvfsugrmdljaa 512 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 512 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 512 8 quantitative quantitative JJ work_i5jewootsnhvrcvfsugrmdljaa 512 9 estimate estimate NN work_i5jewootsnhvrcvfsugrmdljaa 512 10 depends depend VBZ work_i5jewootsnhvrcvfsugrmdljaa 512 11 upon upon IN work_i5jewootsnhvrcvfsugrmdljaa 512 12 the the DT work_i5jewootsnhvrcvfsugrmdljaa 512 13 statement statement NN work_i5jewootsnhvrcvfsugrmdljaa 512 14 . . . work_i5jewootsnhvrcvfsugrmdljaa 513 1 For for IN work_i5jewootsnhvrcvfsugrmdljaa 513 2 example example NN work_i5jewootsnhvrcvfsugrmdljaa 513 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 513 4 a a DT work_i5jewootsnhvrcvfsugrmdljaa 513 5 research research NN work_i5jewootsnhvrcvfsugrmdljaa 513 6 plan plan NN work_i5jewootsnhvrcvfsugrmdljaa 513 7 with with IN work_i5jewootsnhvrcvfsugrmdljaa 513 8 $ $ $ work_i5jewootsnhvrcvfsugrmdljaa 513 9 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 513 10 million million CD work_i5jewootsnhvrcvfsugrmdljaa 513 11 budgetΦi(nt%1 budgetΦi(nt%1 NNS work_i5jewootsnhvrcvfsugrmdljaa 513 12 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 513 13 At at IN work_i5jewootsnhvrcvfsugrmdljaa 513 14 would would MD work_i5jewootsnhvrcvfsugrmdljaa 513 15 be be VB work_i5jewootsnhvrcvfsugrmdljaa 513 16 expected expect VBN work_i5jewootsnhvrcvfsugrmdljaa 513 17 to to TO work_i5jewootsnhvrcvfsugrmdljaa 513 18 have have VB work_i5jewootsnhvrcvfsugrmdljaa 513 19 a a DT work_i5jewootsnhvrcvfsugrmdljaa 513 20 smaller small JJR work_i5jewootsnhvrcvfsugrmdljaa 513 21 impact impact NN work_i5jewootsnhvrcvfsugrmdljaa 513 22 than than IN work_i5jewootsnhvrcvfsugrmdljaa 513 23 a a DT work_i5jewootsnhvrcvfsugrmdljaa 513 24 plan plan NN work_i5jewootsnhvrcvfsugrmdljaa 513 25 with with IN work_i5jewootsnhvrcvfsugrmdljaa 513 26 a a DT work_i5jewootsnhvrcvfsugrmdljaa 513 27 $ $ $ work_i5jewootsnhvrcvfsugrmdljaa 513 28 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 513 29 billion billion CD work_i5jewootsnhvrcvfsugrmdljaa 513 30 budget budget NN work_i5jewootsnhvrcvfsugrmdljaa 513 31 . . . work_i5jewootsnhvrcvfsugrmdljaa 514 1 Finally finally RB work_i5jewootsnhvrcvfsugrmdljaa 514 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 514 3 conditional conditional JJ work_i5jewootsnhvrcvfsugrmdljaa 514 4 on on IN work_i5jewootsnhvrcvfsugrmdljaa 514 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 514 6 agent agent NN work_i5jewootsnhvrcvfsugrmdljaa 514 7 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 514 8 attaches attach VBZ work_i5jewootsnhvrcvfsugrmdljaa 514 9 probabilities probability NNS work_i5jewootsnhvrcvfsugrmdljaa 514 10 to to IN work_i5jewootsnhvrcvfsugrmdljaa 514 11 the the DT work_i5jewootsnhvrcvfsugrmdljaa 514 12 vectors vector NNS work_i5jewootsnhvrcvfsugrmdljaa 514 13 . . . work_i5jewootsnhvrcvfsugrmdljaa 515 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 515 2 result result NN work_i5jewootsnhvrcvfsugrmdljaa 515 3 of of IN work_i5jewootsnhvrcvfsugrmdljaa 515 4 this this DT work_i5jewootsnhvrcvfsugrmdljaa 515 5 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 515 6 thatAt thatat CD work_i5jewootsnhvrcvfsugrmdljaa 515 7 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 515 8 a a DT work_i5jewootsnhvrcvfsugrmdljaa 515 9 i i NN work_i5jewootsnhvrcvfsugrmdljaa 515 10 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 515 11 , , , work_i5jewootsnhvrcvfsugrmdljaa 515 12 a a DT work_i5jewootsnhvrcvfsugrmdljaa 515 13 i i NN work_i5jewootsnhvrcvfsugrmdljaa 515 14 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 515 15 , , , work_i5jewootsnhvrcvfsugrmdljaa 515 16 . . . work_i5jewootsnhvrcvfsugrmdljaa 516 1 . . . work_i5jewootsnhvrcvfsugrmdljaa 517 1 . . . work_i5jewootsnhvrcvfsugrmdljaa 518 1 , , , work_i5jewootsnhvrcvfsugrmdljaa 518 2 a a DT work_i5jewootsnhvrcvfsugrmdljaa 518 3 i i NN work_i5jewootsnhvrcvfsugrmdljaa 518 4 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 518 5 K k NN work_i5jewootsnhvrcvfsugrmdljaa 518 6 t t NN work_i5jewootsnhvrcvfsugrmdljaa 518 7 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 518 8 nt%1(k nt%1(k NNP work_i5jewootsnhvrcvfsugrmdljaa 518 9 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 518 10 agent agent NN work_i5jewootsnhvrcvfsugrmdljaa 518 11 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 518 12 has have VBZ work_i5jewootsnhvrcvfsugrmdljaa 518 13 an an DT work_i5jewootsnhvrcvfsugrmdljaa 518 14 alternate alternate JJ work_i5jewootsnhvrcvfsugrmdljaa 518 15 subjective subjective JJ work_i5jewootsnhvrcvfsugrmdljaa 518 16 estimate estimate NN work_i5jewootsnhvrcvfsugrmdljaa 518 17 of of IN work_i5jewootsnhvrcvfsugrmdljaa 518 18 based base VBN work_i5jewootsnhvrcvfsugrmdljaa 518 19 only only RB work_i5jewootsnhvrcvfsugrmdljaa 518 20 on on IN work_i5jewootsnhvrcvfsugrmdljaa 518 21 public public JJ work_i5jewootsnhvrcvfsugrmdljaa 518 22 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 518 23 : : : work_i5jewootsnhvrcvfsugrmdljaa 518 24 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 518 25 dt%1&λd dt%1&λd NNP work_i5jewootsnhvrcvfsugrmdljaa 518 26 dt dt NNP work_i5jewootsnhvrcvfsugrmdljaa 518 27 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 518 28 At at IN work_i5jewootsnhvrcvfsugrmdljaa 518 29 .Ψ .Ψ . work_i5jewootsnhvrcvfsugrmdljaa 518 30 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 518 31 t t VBP work_i5jewootsnhvrcvfsugrmdljaa 518 32 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 518 33 At at IN work_i5jewootsnhvrcvfsugrmdljaa 518 34 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 518 35 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 518 36 j j NNP work_i5jewootsnhvrcvfsugrmdljaa 518 37 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 518 38 K K NNP work_i5jewootsnhvrcvfsugrmdljaa 518 39 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 518 40 k k NNP work_i5jewootsnhvrcvfsugrmdljaa 518 41 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 518 42 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 518 43 a a DT work_i5jewootsnhvrcvfsugrmdljaa 518 44 i i NN work_i5jewootsnhvrcvfsugrmdljaa 518 45 k k NN work_i5jewootsnhvrcvfsugrmdljaa 518 46 Φ φ NN work_i5jewootsnhvrcvfsugrmdljaa 518 47 i(n i(n NNP work_i5jewootsnhvrcvfsugrmdljaa 518 48 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 518 49 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 518 50 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 518 51 k k NN work_i5jewootsnhvrcvfsugrmdljaa 518 52 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 518 53 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 518 54 By by IN work_i5jewootsnhvrcvfsugrmdljaa 518 55 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 518 56 22 22 CD work_i5jewootsnhvrcvfsugrmdljaa 518 57 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 518 58 the the DT work_i5jewootsnhvrcvfsugrmdljaa 518 59 long long JJ work_i5jewootsnhvrcvfsugrmdljaa 518 60 term term NN work_i5jewootsnhvrcvfsugrmdljaa 518 61 average average NN work_i5jewootsnhvrcvfsugrmdljaa 518 62 of of IN work_i5jewootsnhvrcvfsugrmdljaa 518 63 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 518 64 zero zero CD work_i5jewootsnhvrcvfsugrmdljaa 518 65 . . . work_i5jewootsnhvrcvfsugrmdljaa 519 1 Hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 519 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 519 3 rationality rationality NN work_i5jewootsnhvrcvfsugrmdljaa 519 4 requires require VBZ work_i5jewootsnhvrcvfsugrmdljaa 519 5 that that IN work_i5jewootsnhvrcvfsugrmdljaa 519 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 519 7 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 519 8 zero zero CD work_i5jewootsnhvrcvfsugrmdljaa 519 9 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 519 10 dt%1 dt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 519 11 & & CC work_i5jewootsnhvrcvfsugrmdljaa 519 12 λd λd NNP work_i5jewootsnhvrcvfsugrmdljaa 519 13 dt dt VB work_i5jewootsnhvrcvfsugrmdljaa 519 14 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 519 15 Ψ ψ NN work_i5jewootsnhvrcvfsugrmdljaa 519 16 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 519 17 t t XX work_i5jewootsnhvrcvfsugrmdljaa 519 18 mean mean VBP work_i5jewootsnhvrcvfsugrmdljaa 519 19 random random JJ work_i5jewootsnhvrcvfsugrmdljaa 519 20 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 519 21 . . . work_i5jewootsnhvrcvfsugrmdljaa 520 1 Although although IN work_i5jewootsnhvrcvfsugrmdljaa 520 2 public public JJ work_i5jewootsnhvrcvfsugrmdljaa 520 3 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 520 4 consist consist VBP work_i5jewootsnhvrcvfsugrmdljaa 520 5 only only RB work_i5jewootsnhvrcvfsugrmdljaa 520 6 of of IN work_i5jewootsnhvrcvfsugrmdljaa 520 7 , , , work_i5jewootsnhvrcvfsugrmdljaa 520 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 520 9 procedure procedure NN work_i5jewootsnhvrcvfsugrmdljaa 520 10 outlined outline VBD work_i5jewootsnhvrcvfsugrmdljaa 520 11 shows show NNS work_i5jewootsnhvrcvfsugrmdljaa 520 12 that that WDT work_i5jewootsnhvrcvfsugrmdljaa 520 13 indt indt VBD work_i5jewootsnhvrcvfsugrmdljaa 520 14 a a DT work_i5jewootsnhvrcvfsugrmdljaa 520 15 complex complex JJ work_i5jewootsnhvrcvfsugrmdljaa 520 16 world world NN work_i5jewootsnhvrcvfsugrmdljaa 520 17 agents agent NNS work_i5jewootsnhvrcvfsugrmdljaa 520 18 endogenously endogenously RB work_i5jewootsnhvrcvfsugrmdljaa 520 19 create create VBP work_i5jewootsnhvrcvfsugrmdljaa 520 20 subjective subjective JJ work_i5jewootsnhvrcvfsugrmdljaa 520 21 quantitative quantitative JJ work_i5jewootsnhvrcvfsugrmdljaa 520 22 measures measure NNS work_i5jewootsnhvrcvfsugrmdljaa 520 23 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 520 24 reflect reflect VBP work_i5jewootsnhvrcvfsugrmdljaa 520 25 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 520 26 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 520 27 . . . work_i5jewootsnhvrcvfsugrmdljaa 521 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 521 2 incorporate incorporate VBP work_i5jewootsnhvrcvfsugrmdljaa 521 3 such such PDT work_i5jewootsnhvrcvfsugrmdljaa 521 4 a a DT work_i5jewootsnhvrcvfsugrmdljaa 521 5 measure measure NN work_i5jewootsnhvrcvfsugrmdljaa 521 6 in in IN work_i5jewootsnhvrcvfsugrmdljaa 521 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 521 8 Bayesian bayesian JJ work_i5jewootsnhvrcvfsugrmdljaa 521 9 procedure procedure NN work_i5jewootsnhvrcvfsugrmdljaa 521 10 below below RB work_i5jewootsnhvrcvfsugrmdljaa 521 11 . . . work_i5jewootsnhvrcvfsugrmdljaa 522 1 3.5.2 3.5.2 CD work_i5jewootsnhvrcvfsugrmdljaa 522 2 A a DT work_i5jewootsnhvrcvfsugrmdljaa 522 3 Bayesian bayesian JJ work_i5jewootsnhvrcvfsugrmdljaa 522 4 Inference inference NN work_i5jewootsnhvrcvfsugrmdljaa 522 5 : : : work_i5jewootsnhvrcvfsugrmdljaa 522 6 Beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 522 7 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 522 8 Markov Markov NNP work_i5jewootsnhvrcvfsugrmdljaa 522 9 State State NNP work_i5jewootsnhvrcvfsugrmdljaa 522 10 Variables Variables NNPS work_i5jewootsnhvrcvfsugrmdljaa 522 11 Start start VBP work_i5jewootsnhvrcvfsugrmdljaa 522 12 by by IN work_i5jewootsnhvrcvfsugrmdljaa 522 13 assuming assume VBG work_i5jewootsnhvrcvfsugrmdljaa 522 14 that that DT work_i5jewootsnhvrcvfsugrmdljaa 522 15 has have VBZ work_i5jewootsnhvrcvfsugrmdljaa 522 16 a a DT work_i5jewootsnhvrcvfsugrmdljaa 522 17 true true JJ work_i5jewootsnhvrcvfsugrmdljaa 522 18 transition transition NN work_i5jewootsnhvrcvfsugrmdljaa 522 19 of of IN work_i5jewootsnhvrcvfsugrmdljaa 522 20 the the DT work_i5jewootsnhvrcvfsugrmdljaa 522 21 formdt%1 formdt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 522 22 .d .d NNP work_i5jewootsnhvrcvfsugrmdljaa 522 23 t%1 t%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 522 24 & & CC work_i5jewootsnhvrcvfsugrmdljaa 522 25 λ λ NNP work_i5jewootsnhvrcvfsugrmdljaa 522 26 d d NNP work_i5jewootsnhvrcvfsugrmdljaa 522 27 d d NNP work_i5jewootsnhvrcvfsugrmdljaa 522 28 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 522 29 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 522 30 b b NN work_i5jewootsnhvrcvfsugrmdljaa 522 31 t t NN work_i5jewootsnhvrcvfsugrmdljaa 522 32 % % NN work_i5jewootsnhvrcvfsugrmdljaa 522 33 ρ ρ NN work_i5jewootsnhvrcvfsugrmdljaa 522 34 d d NN work_i5jewootsnhvrcvfsugrmdljaa 522 35 t%1 t%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 522 36 , , , work_i5jewootsnhvrcvfsugrmdljaa 522 37 ρ ρ NNP work_i5jewootsnhvrcvfsugrmdljaa 522 38 d d NNP work_i5jewootsnhvrcvfsugrmdljaa 522 39 t%1 t%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 522 40 - - HYPH work_i5jewootsnhvrcvfsugrmdljaa 522 41 N n NN work_i5jewootsnhvrcvfsugrmdljaa 522 42 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 522 43 0 0 CD work_i5jewootsnhvrcvfsugrmdljaa 522 44 , , , work_i5jewootsnhvrcvfsugrmdljaa 522 45 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 522 46 β β NN work_i5jewootsnhvrcvfsugrmdljaa 522 47 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 522 48 Agents agent NNS work_i5jewootsnhvrcvfsugrmdljaa 522 49 do do VBP work_i5jewootsnhvrcvfsugrmdljaa 522 50 not not RB work_i5jewootsnhvrcvfsugrmdljaa 522 51 know know VB work_i5jewootsnhvrcvfsugrmdljaa 522 52 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 522 53 but but CC work_i5jewootsnhvrcvfsugrmdljaa 522 54 β β NNP work_i5jewootsnhvrcvfsugrmdljaa 522 55 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 522 56 known know VBN work_i5jewootsnhvrcvfsugrmdljaa 522 57 . . . work_i5jewootsnhvrcvfsugrmdljaa 523 1 At at IN work_i5jewootsnhvrcvfsugrmdljaa 523 2 first first JJ work_i5jewootsnhvrcvfsugrmdljaa 523 3 decision decision NN work_i5jewootsnhvrcvfsugrmdljaa 523 4 date date NN work_i5jewootsnhvrcvfsugrmdljaa 523 5 t t NN work_i5jewootsnhvrcvfsugrmdljaa 523 6 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 523 7 say say UH work_i5jewootsnhvrcvfsugrmdljaa 523 8 , , , work_i5jewootsnhvrcvfsugrmdljaa 523 9 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 523 10 = = SYM work_i5jewootsnhvrcvfsugrmdljaa 523 11 1 1 LS work_i5jewootsnhvrcvfsugrmdljaa 523 12 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 523 13 an an DT work_i5jewootsnhvrcvfsugrmdljaa 523 14 agent agent NN work_i5jewootsnhvrcvfsugrmdljaa 523 15 has have VBZ work_i5jewootsnhvrcvfsugrmdljaa 523 16 two two CD work_i5jewootsnhvrcvfsugrmdljaa 523 17 pieces piece NNS work_i5jewootsnhvrcvfsugrmdljaa 523 18 of of IN work_i5jewootsnhvrcvfsugrmdljaa 523 19 information information NN work_i5jewootsnhvrcvfsugrmdljaa 523 20 . . . work_i5jewootsnhvrcvfsugrmdljaa 524 1 He -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 524 2 knows know VBZ work_i5jewootsnhvrcvfsugrmdljaa 524 3 and and CC work_i5jewootsnhvrcvfsugrmdljaa 524 4 observes observe VBZ work_i5jewootsnhvrcvfsugrmdljaa 524 5 qualitative qualitative JJ work_i5jewootsnhvrcvfsugrmdljaa 524 6 information information NN work_i5jewootsnhvrcvfsugrmdljaa 524 7 with with IN work_i5jewootsnhvrcvfsugrmdljaa 524 8 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 524 9 todt todt NN work_i5jewootsnhvrcvfsugrmdljaa 524 10 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 524 11 A(t)1,A(t)2, A(t)1,A(t)2, NNS work_i5jewootsnhvrcvfsugrmdljaa 524 12 ... ... : work_i5jewootsnhvrcvfsugrmdljaa 524 13 ,A(t)Kt ,A(t)Kt , work_i5jewootsnhvrcvfsugrmdljaa 524 14 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 524 15 assess assess NN work_i5jewootsnhvrcvfsugrmdljaa 524 16 . . . work_i5jewootsnhvrcvfsugrmdljaa 525 1 Assume assume VB work_i5jewootsnhvrcvfsugrmdljaa 525 2 that that IN work_i5jewootsnhvrcvfsugrmdljaa 525 3 without without IN work_i5jewootsnhvrcvfsugrmdljaa 525 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 525 5 prior prior JJ work_i5jewootsnhvrcvfsugrmdljaa 525 6 subjective subjective JJ work_i5jewootsnhvrcvfsugrmdljaa 525 7 mean mean NN work_i5jewootsnhvrcvfsugrmdljaa 525 8 at at IN work_i5jewootsnhvrcvfsugrmdljaa 525 9 t t NN work_i5jewootsnhvrcvfsugrmdljaa 525 10 = = SYM work_i5jewootsnhvrcvfsugrmdljaa 525 11 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 525 12 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 525 13 b b NN work_i5jewootsnhvrcvfsugrmdljaa 525 14 but but CC work_i5jewootsnhvrcvfsugrmdljaa 525 15 to to TO work_i5jewootsnhvrcvfsugrmdljaa 525 16 start start VB work_i5jewootsnhvrcvfsugrmdljaa 525 17 the the DT work_i5jewootsnhvrcvfsugrmdljaa 525 18 process process NN work_i5jewootsnhvrcvfsugrmdljaa 525 19 heΨ heΨ NNP work_i5jewootsnhvrcvfsugrmdljaa 525 20 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 525 21 t t NN work_i5jewootsnhvrcvfsugrmdljaa 525 22 Ψ ψ NN work_i5jewootsnhvrcvfsugrmdljaa 525 23 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 525 24 t t NN work_i5jewootsnhvrcvfsugrmdljaa 525 25 uses use VBZ work_i5jewootsnhvrcvfsugrmdljaa 525 26 both both DT work_i5jewootsnhvrcvfsugrmdljaa 525 27 sources source NNS work_i5jewootsnhvrcvfsugrmdljaa 525 28 to to TO work_i5jewootsnhvrcvfsugrmdljaa 525 29 form form VB work_i5jewootsnhvrcvfsugrmdljaa 525 30 , , , work_i5jewootsnhvrcvfsugrmdljaa 525 31 as as RB work_i5jewootsnhvrcvfsugrmdljaa 525 32 yet yet RB work_i5jewootsnhvrcvfsugrmdljaa 525 33 unspecified unspecified JJ work_i5jewootsnhvrcvfsugrmdljaa 525 34 , , , work_i5jewootsnhvrcvfsugrmdljaa 525 35 a a DT work_i5jewootsnhvrcvfsugrmdljaa 525 36 prior prior JJ work_i5jewootsnhvrcvfsugrmdljaa 525 37 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 525 38 about about IN work_i5jewootsnhvrcvfsugrmdljaa 525 39 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 525 40 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 525 41 used use VBN work_i5jewootsnhvrcvfsugrmdljaa 525 42 to to IN work_i5jewootsnhvrcvfsugrmdljaa 525 43 forecastE forecastE NNP work_i5jewootsnhvrcvfsugrmdljaa 525 44 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 525 45 t t NN work_i5jewootsnhvrcvfsugrmdljaa 525 46 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 525 47 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 525 48 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 525 49 dt dt NNP work_i5jewootsnhvrcvfsugrmdljaa 525 50 , , , work_i5jewootsnhvrcvfsugrmdljaa 525 51 Ψ ψ NN work_i5jewootsnhvrcvfsugrmdljaa 525 52 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 525 53 t t NN work_i5jewootsnhvrcvfsugrmdljaa 525 54 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 525 55 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 525 56 . . . work_i5jewootsnhvrcvfsugrmdljaa 526 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 526 2 changing change VBG work_i5jewootsnhvrcvfsugrmdljaa 526 3 parameter parameter NN work_i5jewootsnhvrcvfsugrmdljaa 526 4 leads lead VBZ work_i5jewootsnhvrcvfsugrmdljaa 526 5 to to IN work_i5jewootsnhvrcvfsugrmdljaa 526 6 a a DT work_i5jewootsnhvrcvfsugrmdljaa 526 7 problem problem NN work_i5jewootsnhvrcvfsugrmdljaa 526 8 . . . work_i5jewootsnhvrcvfsugrmdljaa 527 1 When when WRB work_i5jewootsnhvrcvfsugrmdljaa 527 2 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 527 3 observed observe VBN work_i5jewootsnhvrcvfsugrmdljaa 527 4 , , , work_i5jewootsnhvrcvfsugrmdljaa 527 5 agent agent NN work_i5jewootsnhvrcvfsugrmdljaa 527 6 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 527 7 updates update VBZ work_i5jewootsnhvrcvfsugrmdljaa 527 8 hisdt%1 hisdt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 527 9 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 527 10 dt%1&λd dt%1&λd NNP work_i5jewootsnhvrcvfsugrmdljaa 527 11 dt dt NNP work_i5jewootsnhvrcvfsugrmdljaa 527 12 10 10 CD work_i5jewootsnhvrcvfsugrmdljaa 527 13 Note note VB work_i5jewootsnhvrcvfsugrmdljaa 527 14 our -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 527 15 notation notation NN work_i5jewootsnhvrcvfsugrmdljaa 527 16 . . . work_i5jewootsnhvrcvfsugrmdljaa 528 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 528 2 use use VBP work_i5jewootsnhvrcvfsugrmdljaa 528 3 the the DT work_i5jewootsnhvrcvfsugrmdljaa 528 4 notation notation NN work_i5jewootsnhvrcvfsugrmdljaa 528 5 of of IN work_i5jewootsnhvrcvfsugrmdljaa 528 6 for for IN work_i5jewootsnhvrcvfsugrmdljaa 528 7 date date NN work_i5jewootsnhvrcvfsugrmdljaa 528 8 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 528 9 prior prior JJ work_i5jewootsnhvrcvfsugrmdljaa 528 10 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 528 11 about about IN work_i5jewootsnhvrcvfsugrmdljaa 528 12 the the DT work_i5jewootsnhvrcvfsugrmdljaa 528 13 parameter parameter NN work_i5jewootsnhvrcvfsugrmdljaa 528 14 used use VBD work_i5jewootsnhvrcvfsugrmdljaa 528 15 toE toe NN work_i5jewootsnhvrcvfsugrmdljaa 528 16 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 528 17 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 528 18 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 528 19 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 528 20 dt dt NNP work_i5jewootsnhvrcvfsugrmdljaa 528 21 , , , work_i5jewootsnhvrcvfsugrmdljaa 528 22 Ψ ψ NN work_i5jewootsnhvrcvfsugrmdljaa 528 23 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 528 24 t t XX work_i5jewootsnhvrcvfsugrmdljaa 528 25 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 528 26 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 528 27 forecast forecast NNP work_i5jewootsnhvrcvfsugrmdljaa 528 28 . . . work_i5jewootsnhvrcvfsugrmdljaa 529 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 529 2 then then RB work_i5jewootsnhvrcvfsugrmdljaa 529 3 use use VBP work_i5jewootsnhvrcvfsugrmdljaa 529 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 529 5 notation notation NN work_i5jewootsnhvrcvfsugrmdljaa 529 6 for for IN work_i5jewootsnhvrcvfsugrmdljaa 529 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 529 8 posterior posterior NNP work_i5jewootsnhvrcvfsugrmdljaa 529 9 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 529 10 about about IN work_i5jewootsnhvrcvfsugrmdljaa 529 11 the the DT work_i5jewootsnhvrcvfsugrmdljaa 529 12 same same JJ work_i5jewootsnhvrcvfsugrmdljaa 529 13 given give VBN work_i5jewootsnhvrcvfsugrmdljaa 529 14 the the DT work_i5jewootsnhvrcvfsugrmdljaa 529 15 observation observation NN work_i5jewootsnhvrcvfsugrmdljaa 529 16 of of IN work_i5jewootsnhvrcvfsugrmdljaa 529 17 dt%1 dt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 529 18 E E NNP work_i5jewootsnhvrcvfsugrmdljaa 529 19 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 529 20 t%1 t%1 . work_i5jewootsnhvrcvfsugrmdljaa 529 21 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 529 22 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 529 23 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 529 24 dt%1 dt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 529 25 , , , work_i5jewootsnhvrcvfsugrmdljaa 529 26 Ψ ψ NN work_i5jewootsnhvrcvfsugrmdljaa 529 27 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 529 28 t t XX work_i5jewootsnhvrcvfsugrmdljaa 529 29 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 529 30 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 529 31 dt%1 dt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 529 32 but but CC work_i5jewootsnhvrcvfsugrmdljaa 529 33 without without IN work_i5jewootsnhvrcvfsugrmdljaa 529 34 forming form VBG work_i5jewootsnhvrcvfsugrmdljaa 529 35 the the DT work_i5jewootsnhvrcvfsugrmdljaa 529 36 estimate estimate NN work_i5jewootsnhvrcvfsugrmdljaa 529 37 of of IN work_i5jewootsnhvrcvfsugrmdljaa 529 38 . . . work_i5jewootsnhvrcvfsugrmdljaa 530 1 Assumption assumption NN work_i5jewootsnhvrcvfsugrmdljaa 530 2 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 530 3 A a DT work_i5jewootsnhvrcvfsugrmdljaa 530 4 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 530 5 will will MD work_i5jewootsnhvrcvfsugrmdljaa 530 6 use use VB work_i5jewootsnhvrcvfsugrmdljaa 530 7 this this DT work_i5jewootsnhvrcvfsugrmdljaa 530 8 posterior posterior NN work_i5jewootsnhvrcvfsugrmdljaa 530 9 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 530 10 as as IN work_i5jewootsnhvrcvfsugrmdljaa 530 11 a a DT work_i5jewootsnhvrcvfsugrmdljaa 530 12 building building NN work_i5jewootsnhvrcvfsugrmdljaa 530 13 block block NN work_i5jewootsnhvrcvfsugrmdljaa 530 14 in in IN work_i5jewootsnhvrcvfsugrmdljaa 530 15 the the DT work_i5jewootsnhvrcvfsugrmdljaa 530 16 formation formation NN work_i5jewootsnhvrcvfsugrmdljaa 530 17 of of IN work_i5jewootsnhvrcvfsugrmdljaa 530 18 theΨit theΨit NNP work_i5jewootsnhvrcvfsugrmdljaa 530 19 new new JJ work_i5jewootsnhvrcvfsugrmdljaa 530 20 prior prior RB work_i5jewootsnhvrcvfsugrmdljaa 530 21 about about IN work_i5jewootsnhvrcvfsugrmdljaa 530 22 the the DT work_i5jewootsnhvrcvfsugrmdljaa 530 23 new new JJ work_i5jewootsnhvrcvfsugrmdljaa 530 24 parameter parameter NN work_i5jewootsnhvrcvfsugrmdljaa 530 25 .E .E . work_i5jewootsnhvrcvfsugrmdljaa 530 26 it%1 it%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 530 27 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 530 28 bt%1 bt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 530 29 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 530 30 dt%1 dt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 530 31 , , , work_i5jewootsnhvrcvfsugrmdljaa 530 32 Ψ Ψ NNP work_i5jewootsnhvrcvfsugrmdljaa 530 33 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 530 34 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 530 35 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 530 36 bt%1 bt%1 NN work_i5jewootsnhvrcvfsugrmdljaa 530 37 28 28 CD work_i5jewootsnhvrcvfsugrmdljaa 530 38 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 530 39 about about IN work_i5jewootsnhvrcvfsugrmdljaa 530 40 the the DT work_i5jewootsnhvrcvfsugrmdljaa 530 41 same same JJ work_i5jewootsnhvrcvfsugrmdljaa 530 42 parameter parameter NN work_i5jewootsnhvrcvfsugrmdljaa 530 43 to to IN work_i5jewootsnhvrcvfsugrmdljaa 530 44 10 10 CD work_i5jewootsnhvrcvfsugrmdljaa 530 45 in in IN work_i5jewootsnhvrcvfsugrmdljaa 530 46 a a DT work_i5jewootsnhvrcvfsugrmdljaa 530 47 standard standard JJ work_i5jewootsnhvrcvfsugrmdljaa 530 48 Bayesian bayesian JJ work_i5jewootsnhvrcvfsugrmdljaa 530 49 inference inference NN work_i5jewootsnhvrcvfsugrmdljaa 530 50 but but CC work_i5jewootsnhvrcvfsugrmdljaa 530 51 beforebt beforebt NN work_i5jewootsnhvrcvfsugrmdljaa 530 52 E E NNP work_i5jewootsnhvrcvfsugrmdljaa 530 53 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 530 54 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 530 55 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 530 56 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 530 57 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 530 58 dt%1 dt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 530 59 , , , work_i5jewootsnhvrcvfsugrmdljaa 530 60 Ψ ψ NN work_i5jewootsnhvrcvfsugrmdljaa 530 61 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 530 62 t t NN work_i5jewootsnhvrcvfsugrmdljaa 530 63 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 530 64 knowing know VBG work_i5jewootsnhvrcvfsugrmdljaa 530 65 the the DT work_i5jewootsnhvrcvfsugrmdljaa 530 66 assessment assessment NN work_i5jewootsnhvrcvfsugrmdljaa 530 67 .The .The . work_i5jewootsnhvrcvfsugrmdljaa 530 68 point point NN work_i5jewootsnhvrcvfsugrmdljaa 530 69 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 530 70 that that IN work_i5jewootsnhvrcvfsugrmdljaa 530 71 the the DT work_i5jewootsnhvrcvfsugrmdljaa 530 72 agent agent NN work_i5jewootsnhvrcvfsugrmdljaa 530 73 needs need VBZ work_i5jewootsnhvrcvfsugrmdljaa 530 74 an an DT work_i5jewootsnhvrcvfsugrmdljaa 530 75 estimate estimate NN work_i5jewootsnhvrcvfsugrmdljaa 530 76 of of IN work_i5jewootsnhvrcvfsugrmdljaa 530 77 , , , work_i5jewootsnhvrcvfsugrmdljaa 530 78 not not RB work_i5jewootsnhvrcvfsugrmdljaa 530 79 of of IN work_i5jewootsnhvrcvfsugrmdljaa 530 80 . . . work_i5jewootsnhvrcvfsugrmdljaa 531 1 Hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 531 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 531 3 Ψ ψ UH work_i5jewootsnhvrcvfsugrmdljaa 531 4 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 531 5 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 531 6 bt%1 bt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 531 7 bt bt VB work_i5jewootsnhvrcvfsugrmdljaa 531 8 his -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 531 9 problem problem NN work_i5jewootsnhvrcvfsugrmdljaa 531 10 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 531 11 how how WRB work_i5jewootsnhvrcvfsugrmdljaa 531 12 to to TO work_i5jewootsnhvrcvfsugrmdljaa 531 13 go go VB work_i5jewootsnhvrcvfsugrmdljaa 531 14 from from IN work_i5jewootsnhvrcvfsugrmdljaa 531 15 to to IN work_i5jewootsnhvrcvfsugrmdljaa 531 16 a a DT work_i5jewootsnhvrcvfsugrmdljaa 531 17 prior prior NN work_i5jewootsnhvrcvfsugrmdljaa 531 18 of of IN work_i5jewootsnhvrcvfsugrmdljaa 531 19 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 532 1 Without without IN work_i5jewootsnhvrcvfsugrmdljaa 532 2 new new JJ work_i5jewootsnhvrcvfsugrmdljaa 532 3 information information NN work_i5jewootsnhvrcvfsugrmdljaa 532 4 hisE hise ADD work_i5jewootsnhvrcvfsugrmdljaa 532 5 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 532 6 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 532 7 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 532 8 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 532 9 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 532 10 dt%1 dt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 532 11 , , , work_i5jewootsnhvrcvfsugrmdljaa 532 12 Ψ ψ NN work_i5jewootsnhvrcvfsugrmdljaa 532 13 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 532 14 t t NN work_i5jewootsnhvrcvfsugrmdljaa 532 15 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 532 16 bt%1 bt%1 NN work_i5jewootsnhvrcvfsugrmdljaa 532 17 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 532 18 about about IN work_i5jewootsnhvrcvfsugrmdljaa 532 19 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 532 20 unchanged unchanged JJ work_i5jewootsnhvrcvfsugrmdljaa 532 21 and and CC work_i5jewootsnhvrcvfsugrmdljaa 532 22 he -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 532 23 would would MD work_i5jewootsnhvrcvfsugrmdljaa 532 24 use use VB work_i5jewootsnhvrcvfsugrmdljaa 532 25 as as IN work_i5jewootsnhvrcvfsugrmdljaa 532 26 a a DT work_i5jewootsnhvrcvfsugrmdljaa 532 27 prior prior NN work_i5jewootsnhvrcvfsugrmdljaa 532 28 of of IN work_i5jewootsnhvrcvfsugrmdljaa 532 29 . . . work_i5jewootsnhvrcvfsugrmdljaa 533 1 This this DT work_i5jewootsnhvrcvfsugrmdljaa 533 2 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 533 3 surely surely RB work_i5jewootsnhvrcvfsugrmdljaa 533 4 truebt%1 truebt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 533 5 E E NNP work_i5jewootsnhvrcvfsugrmdljaa 533 6 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 533 7 t%1 t%1 VBD work_i5jewootsnhvrcvfsugrmdljaa 533 8 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 533 9 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 533 10 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 533 11 dt%1 dt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 533 12 , , , work_i5jewootsnhvrcvfsugrmdljaa 533 13 Ψ ψ NN work_i5jewootsnhvrcvfsugrmdljaa 533 14 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 533 15 t t NN work_i5jewootsnhvrcvfsugrmdljaa 533 16 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 533 17 bt%1 bt%1 XX work_i5jewootsnhvrcvfsugrmdljaa 533 18 if if IN work_i5jewootsnhvrcvfsugrmdljaa 533 19 the the DT work_i5jewootsnhvrcvfsugrmdljaa 533 20 b b NN work_i5jewootsnhvrcvfsugrmdljaa 533 21 ’s ’s NN work_i5jewootsnhvrcvfsugrmdljaa 533 22 change change NN work_i5jewootsnhvrcvfsugrmdljaa 533 23 very very RB work_i5jewootsnhvrcvfsugrmdljaa 533 24 slowly slowly RB work_i5jewootsnhvrcvfsugrmdljaa 533 25 or or CC work_i5jewootsnhvrcvfsugrmdljaa 533 26 when when WRB work_i5jewootsnhvrcvfsugrmdljaa 533 27 . . . work_i5jewootsnhvrcvfsugrmdljaa 534 1 Hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 534 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 534 3 if if IN work_i5jewootsnhvrcvfsugrmdljaa 534 4 agent agent NN work_i5jewootsnhvrcvfsugrmdljaa 534 5 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 534 6 believes believe VBZ work_i5jewootsnhvrcvfsugrmdljaa 534 7 a a DT work_i5jewootsnhvrcvfsugrmdljaa 534 8 new new JJ work_i5jewootsnhvrcvfsugrmdljaa 534 9 prior prior JJ work_i5jewootsnhvrcvfsugrmdljaa 534 10 isbt%1'bt isbt%1'bt NNP work_i5jewootsnhvrcvfsugrmdljaa 534 11 bt%1 bt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 534 12 … … NFP work_i5jewootsnhvrcvfsugrmdljaa 534 13 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 534 14 needed need VBD work_i5jewootsnhvrcvfsugrmdljaa 534 15 . . . work_i5jewootsnhvrcvfsugrmdljaa 535 1 To to IN work_i5jewootsnhvrcvfsugrmdljaa 535 2 that that DT work_i5jewootsnhvrcvfsugrmdljaa 535 3 end end NN work_i5jewootsnhvrcvfsugrmdljaa 535 4 he -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 535 5 uses use VBZ work_i5jewootsnhvrcvfsugrmdljaa 535 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 535 7 qualitative qualitative JJ work_i5jewootsnhvrcvfsugrmdljaa 535 8 information information NN work_i5jewootsnhvrcvfsugrmdljaa 535 9 released release VBD work_i5jewootsnhvrcvfsugrmdljaa 535 10 publicly(A(t%1)1 publicly(A(t%1)1 NNP work_i5jewootsnhvrcvfsugrmdljaa 535 11 , , , work_i5jewootsnhvrcvfsugrmdljaa 535 12 A(t%1)2 A(t%1)2 NNP work_i5jewootsnhvrcvfsugrmdljaa 535 13 , , , work_i5jewootsnhvrcvfsugrmdljaa 535 14 . . . work_i5jewootsnhvrcvfsugrmdljaa 536 1 . . . work_i5jewootsnhvrcvfsugrmdljaa 537 1 . . . work_i5jewootsnhvrcvfsugrmdljaa 538 1 , , , work_i5jewootsnhvrcvfsugrmdljaa 538 2 A(t%1)Kt%1 a(t%1)kt%1 LS work_i5jewootsnhvrcvfsugrmdljaa 538 3 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 538 4 before before IN work_i5jewootsnhvrcvfsugrmdljaa 538 5 trading trading NN work_i5jewootsnhvrcvfsugrmdljaa 538 6 at at IN work_i5jewootsnhvrcvfsugrmdljaa 538 7 t+1 t+1 NN work_i5jewootsnhvrcvfsugrmdljaa 538 8 . . . work_i5jewootsnhvrcvfsugrmdljaa 539 1 These these DT work_i5jewootsnhvrcvfsugrmdljaa 539 2 lead lead VBP work_i5jewootsnhvrcvfsugrmdljaa 539 3 to to IN work_i5jewootsnhvrcvfsugrmdljaa 539 4 an an DT work_i5jewootsnhvrcvfsugrmdljaa 539 5 alternate alternate JJ work_i5jewootsnhvrcvfsugrmdljaa 539 6 subjective subjective JJ work_i5jewootsnhvrcvfsugrmdljaa 539 7 estimate estimate NN work_i5jewootsnhvrcvfsugrmdljaa 539 8 of of IN work_i5jewootsnhvrcvfsugrmdljaa 539 9 . . . work_i5jewootsnhvrcvfsugrmdljaa 540 1 Now now RB work_i5jewootsnhvrcvfsugrmdljaa 540 2 the the DT work_i5jewootsnhvrcvfsugrmdljaa 540 3 agent agent NN work_i5jewootsnhvrcvfsugrmdljaa 540 4 hasΨ hasψ ADD work_i5jewootsnhvrcvfsugrmdljaa 540 5 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 540 6 t%1 t%1 VBD work_i5jewootsnhvrcvfsugrmdljaa 540 7 bt%1 bt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 540 8 two two CD work_i5jewootsnhvrcvfsugrmdljaa 540 9 independent independent JJ work_i5jewootsnhvrcvfsugrmdljaa 540 10 sources source NNS work_i5jewootsnhvrcvfsugrmdljaa 540 11 for for IN work_i5jewootsnhvrcvfsugrmdljaa 540 12 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 540 13 about about IN work_i5jewootsnhvrcvfsugrmdljaa 540 14 : : : work_i5jewootsnhvrcvfsugrmdljaa 540 15 the the DT work_i5jewootsnhvrcvfsugrmdljaa 540 16 last last JJ work_i5jewootsnhvrcvfsugrmdljaa 540 17 posterior posterior NN work_i5jewootsnhvrcvfsugrmdljaa 540 18 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 540 19 to to TO work_i5jewootsnhvrcvfsugrmdljaa 540 20 be be VB work_i5jewootsnhvrcvfsugrmdljaa 540 21 used use VBN work_i5jewootsnhvrcvfsugrmdljaa 540 22 if if IN work_i5jewootsnhvrcvfsugrmdljaa 540 23 bt%1 bt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 540 24 E E NNP work_i5jewootsnhvrcvfsugrmdljaa 540 25 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 540 26 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 540 27 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 540 28 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 540 29 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 540 30 dt%1 dt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 540 31 , , , work_i5jewootsnhvrcvfsugrmdljaa 540 32 Ψ ψ NN work_i5jewootsnhvrcvfsugrmdljaa 540 33 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 540 34 t t NN work_i5jewootsnhvrcvfsugrmdljaa 540 35 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 540 36 and and CC work_i5jewootsnhvrcvfsugrmdljaa 540 37 if if IN work_i5jewootsnhvrcvfsugrmdljaa 540 38 . . . work_i5jewootsnhvrcvfsugrmdljaa 541 1 With with IN work_i5jewootsnhvrcvfsugrmdljaa 541 2 a a DT work_i5jewootsnhvrcvfsugrmdljaa 541 3 Bayesian bayesian JJ work_i5jewootsnhvrcvfsugrmdljaa 541 4 approach approach NN work_i5jewootsnhvrcvfsugrmdljaa 541 5 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 541 6 assume assume VBP work_i5jewootsnhvrcvfsugrmdljaa 541 7 : : : work_i5jewootsnhvrcvfsugrmdljaa 541 8 bt%1'bt bt%1'bt NNP work_i5jewootsnhvrcvfsugrmdljaa 541 9 Ψ Ψ NNP work_i5jewootsnhvrcvfsugrmdljaa 541 10 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 541 11 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 541 12 bt%1 bt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 541 13 … … NFP work_i5jewootsnhvrcvfsugrmdljaa 541 14 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 541 15 Assumption Assumption NNP work_i5jewootsnhvrcvfsugrmdljaa 541 16 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 541 17 * * NFP work_i5jewootsnhvrcvfsugrmdljaa 541 18 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 541 19 : : : work_i5jewootsnhvrcvfsugrmdljaa 541 20 Agent agent NN work_i5jewootsnhvrcvfsugrmdljaa 541 21 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 541 22 uses use VBZ work_i5jewootsnhvrcvfsugrmdljaa 541 23 a a DT work_i5jewootsnhvrcvfsugrmdljaa 541 24 subjective subjective JJ work_i5jewootsnhvrcvfsugrmdljaa 541 25 probability probability NN work_i5jewootsnhvrcvfsugrmdljaa 541 26 to to TO work_i5jewootsnhvrcvfsugrmdljaa 541 27 form form VB work_i5jewootsnhvrcvfsugrmdljaa 541 28 date date NN work_i5jewootsnhvrcvfsugrmdljaa 541 29 t+1 t+1 VB work_i5jewootsnhvrcvfsugrmdljaa 541 30 prior prior JJ work_i5jewootsnhvrcvfsugrmdljaa 541 31 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 541 32 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 541 33 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 541 34 thenμ thenμ NNS work_i5jewootsnhvrcvfsugrmdljaa 541 35 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 541 36 23a 23a NNS work_i5jewootsnhvrcvfsugrmdljaa 541 37 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 541 38 .E .E . work_i5jewootsnhvrcvfsugrmdljaa 541 39 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 541 40 t%1 t%1 VBD work_i5jewootsnhvrcvfsugrmdljaa 541 41 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 541 42 bt%1 bt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 541 43 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 541 44 dt%1 dt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 541 45 , , , work_i5jewootsnhvrcvfsugrmdljaa 541 46 Ψ Ψ NNP work_i5jewootsnhvrcvfsugrmdljaa 541 47 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 541 48 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 541 49 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 541 50 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 541 51 μE μE . work_i5jewootsnhvrcvfsugrmdljaa 541 52 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 541 53 t%1 t%1 VBD work_i5jewootsnhvrcvfsugrmdljaa 541 54 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 541 55 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 541 56 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 541 57 dt%1 dt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 541 58 , , , work_i5jewootsnhvrcvfsugrmdljaa 541 59 Ψ ψ NN work_i5jewootsnhvrcvfsugrmdljaa 541 60 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 541 61 t t NN work_i5jewootsnhvrcvfsugrmdljaa 541 62 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 541 63 % % NN work_i5jewootsnhvrcvfsugrmdljaa 541 64 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 541 65 1&μ)Ψ 1&μ)ψ CD work_i5jewootsnhvrcvfsugrmdljaa 541 66 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 541 67 t%1 t%1 CC work_i5jewootsnhvrcvfsugrmdljaa 541 68 0 0 CD work_i5jewootsnhvrcvfsugrmdljaa 541 69 # # $ work_i5jewootsnhvrcvfsugrmdljaa 541 70 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 541 71 < < XX work_i5jewootsnhvrcvfsugrmdljaa 541 72 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 541 73 At at IN work_i5jewootsnhvrcvfsugrmdljaa 541 74 t=1 t=1 NNS work_i5jewootsnhvrcvfsugrmdljaa 541 75 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 541 76 was be VBD work_i5jewootsnhvrcvfsugrmdljaa 541 77 assumed assume VBN work_i5jewootsnhvrcvfsugrmdljaa 541 78 an an DT work_i5jewootsnhvrcvfsugrmdljaa 541 79 initial initial JJ work_i5jewootsnhvrcvfsugrmdljaa 541 80 posterior posterior NN work_i5jewootsnhvrcvfsugrmdljaa 541 81 b b NN work_i5jewootsnhvrcvfsugrmdljaa 541 82 , , , work_i5jewootsnhvrcvfsugrmdljaa 541 83 hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 541 84 for for IN work_i5jewootsnhvrcvfsugrmdljaa 541 85 consistency consistency NN work_i5jewootsnhvrcvfsugrmdljaa 541 86 , , , work_i5jewootsnhvrcvfsugrmdljaa 541 87 if if IN work_i5jewootsnhvrcvfsugrmdljaa 541 88 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 541 89 Normal normal JJ work_i5jewootsnhvrcvfsugrmdljaa 541 90 thenΨi1 thenΨi1 NNS work_i5jewootsnhvrcvfsugrmdljaa 541 91 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 541 92 23b 23b NNS work_i5jewootsnhvrcvfsugrmdljaa 541 93 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 541 94 for for IN work_i5jewootsnhvrcvfsugrmdljaa 541 95 some some DT work_i5jewootsnhvrcvfsugrmdljaa 541 96 α.b1-N(μb%(1&μ α.b1-n(μb%(1&μ CD work_i5jewootsnhvrcvfsugrmdljaa 541 97 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 541 98 Ψ ψ NN work_i5jewootsnhvrcvfsugrmdljaa 541 99 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 541 100 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 541 101 , , , work_i5jewootsnhvrcvfsugrmdljaa 541 102 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 541 103 α α LS work_i5jewootsnhvrcvfsugrmdljaa 541 104 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 541 105 This this DT work_i5jewootsnhvrcvfsugrmdljaa 541 106 assumption assumption NN work_i5jewootsnhvrcvfsugrmdljaa 541 107 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 541 108 the the DT work_i5jewootsnhvrcvfsugrmdljaa 541 109 new new JJ work_i5jewootsnhvrcvfsugrmdljaa 541 110 element element NN work_i5jewootsnhvrcvfsugrmdljaa 541 111 that that WDT work_i5jewootsnhvrcvfsugrmdljaa 541 112 permits permit VBZ work_i5jewootsnhvrcvfsugrmdljaa 541 113 the the DT work_i5jewootsnhvrcvfsugrmdljaa 541 114 posterior posterior NN work_i5jewootsnhvrcvfsugrmdljaa 541 115 of of IN work_i5jewootsnhvrcvfsugrmdljaa 541 116 to to TO work_i5jewootsnhvrcvfsugrmdljaa 541 117 be be VB work_i5jewootsnhvrcvfsugrmdljaa 541 118 upgraded upgrade VBN work_i5jewootsnhvrcvfsugrmdljaa 541 119 to to IN work_i5jewootsnhvrcvfsugrmdljaa 541 120 aE aE NNP work_i5jewootsnhvrcvfsugrmdljaa 541 121 it%1 it%1 . work_i5jewootsnhvrcvfsugrmdljaa 541 122 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 541 123 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 541 124 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 541 125 dt%1 dt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 541 126 , , , work_i5jewootsnhvrcvfsugrmdljaa 541 127 Ψ ψ NN work_i5jewootsnhvrcvfsugrmdljaa 541 128 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 541 129 t t NN work_i5jewootsnhvrcvfsugrmdljaa 541 130 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 541 131 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 541 132 date date NN work_i5jewootsnhvrcvfsugrmdljaa 541 133 t+1 t+1 NNP work_i5jewootsnhvrcvfsugrmdljaa 541 134 prior prior JJ work_i5jewootsnhvrcvfsugrmdljaa 541 135 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 541 136 about about IN work_i5jewootsnhvrcvfsugrmdljaa 541 137 , , , work_i5jewootsnhvrcvfsugrmdljaa 541 138 before before IN work_i5jewootsnhvrcvfsugrmdljaa 541 139 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 541 140 observed observe VBN work_i5jewootsnhvrcvfsugrmdljaa 541 141 . . . work_i5jewootsnhvrcvfsugrmdljaa 542 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 542 2 then then RB work_i5jewootsnhvrcvfsugrmdljaa 542 3 have have VBP work_i5jewootsnhvrcvfsugrmdljaa 542 4 : : : work_i5jewootsnhvrcvfsugrmdljaa 542 5 E e NN work_i5jewootsnhvrcvfsugrmdljaa 542 6 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 542 7 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 542 8 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 542 9 bt%1 bt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 542 10 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 542 11 dt%1 dt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 542 12 , , , work_i5jewootsnhvrcvfsugrmdljaa 542 13 Ψ Ψ NNP work_i5jewootsnhvrcvfsugrmdljaa 542 14 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 542 15 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 542 16 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 542 17 bt%1 bt%1 XX work_i5jewootsnhvrcvfsugrmdljaa 542 18 dt%2 dt%2 . work_i5jewootsnhvrcvfsugrmdljaa 542 19 Theorem theorem NN work_i5jewootsnhvrcvfsugrmdljaa 542 20 3 3 CD work_i5jewootsnhvrcvfsugrmdljaa 542 21 : : : work_i5jewootsnhvrcvfsugrmdljaa 542 22 Suppose suppose VB work_i5jewootsnhvrcvfsugrmdljaa 542 23 , , , work_i5jewootsnhvrcvfsugrmdljaa 542 24 i.i.d i.i.d NN work_i5jewootsnhvrcvfsugrmdljaa 542 25 . . . work_i5jewootsnhvrcvfsugrmdljaa 543 1 and and CC work_i5jewootsnhvrcvfsugrmdljaa 543 2 Assumption Assumption NNP work_i5jewootsnhvrcvfsugrmdljaa 543 3 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 543 4 * * NFP work_i5jewootsnhvrcvfsugrmdljaa 543 5 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 543 6 holds hold VBZ work_i5jewootsnhvrcvfsugrmdljaa 543 7 . . . work_i5jewootsnhvrcvfsugrmdljaa 544 1 Then then RB work_i5jewootsnhvrcvfsugrmdljaa 544 2 for for IN work_i5jewootsnhvrcvfsugrmdljaa 544 3 large large JJ work_i5jewootsnhvrcvfsugrmdljaa 544 4 values value NNS work_i5jewootsnhvrcvfsugrmdljaa 544 5 of of IN work_i5jewootsnhvrcvfsugrmdljaa 544 6 t t NN work_i5jewootsnhvrcvfsugrmdljaa 544 7 , , , work_i5jewootsnhvrcvfsugrmdljaa 544 8 theΨ theΨ NNP work_i5jewootsnhvrcvfsugrmdljaa 544 9 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 544 10 t t NN work_i5jewootsnhvrcvfsugrmdljaa 544 11 - - HYPH work_i5jewootsnhvrcvfsugrmdljaa 544 12 N N NNP work_i5jewootsnhvrcvfsugrmdljaa 544 13 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 544 14 0 0 CD work_i5jewootsnhvrcvfsugrmdljaa 544 15 , , , work_i5jewootsnhvrcvfsugrmdljaa 544 16 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 544 17 γ γ IN work_i5jewootsnhvrcvfsugrmdljaa 544 18 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 544 19 prior prior JJ work_i5jewootsnhvrcvfsugrmdljaa 544 20 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 544 21 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 544 22 a a DT work_i5jewootsnhvrcvfsugrmdljaa 544 23 Markov Markov NNP work_i5jewootsnhvrcvfsugrmdljaa 544 24 state state NN work_i5jewootsnhvrcvfsugrmdljaa 544 25 variable variable NN work_i5jewootsnhvrcvfsugrmdljaa 544 26 such such JJ work_i5jewootsnhvrcvfsugrmdljaa 544 27 that that IN work_i5jewootsnhvrcvfsugrmdljaa 544 28 if if IN work_i5jewootsnhvrcvfsugrmdljaa 544 29 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 544 30 define define VBP work_i5jewootsnhvrcvfsugrmdljaa 544 31 andE andE NNP work_i5jewootsnhvrcvfsugrmdljaa 544 32 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 544 33 t t NN work_i5jewootsnhvrcvfsugrmdljaa 544 34 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 544 35 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 544 36 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 544 37 dt dt NNP work_i5jewootsnhvrcvfsugrmdljaa 544 38 , , , work_i5jewootsnhvrcvfsugrmdljaa 544 39 Ψ ψ NN work_i5jewootsnhvrcvfsugrmdljaa 544 40 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 544 41 t t NN work_i5jewootsnhvrcvfsugrmdljaa 544 42 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 544 43 g g NN work_i5jewootsnhvrcvfsugrmdljaa 544 44 i i NN work_i5jewootsnhvrcvfsugrmdljaa 544 45 t t NN work_i5jewootsnhvrcvfsugrmdljaa 544 46 ' ' `` work_i5jewootsnhvrcvfsugrmdljaa 544 47 E e NN work_i5jewootsnhvrcvfsugrmdljaa 544 48 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 544 49 t t NN work_i5jewootsnhvrcvfsugrmdljaa 544 50 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 544 51 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 544 52 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 544 53 dt dt NNP work_i5jewootsnhvrcvfsugrmdljaa 544 54 , , , work_i5jewootsnhvrcvfsugrmdljaa 544 55 Ψ ψ NN work_i5jewootsnhvrcvfsugrmdljaa 544 56 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 544 57 t t NN work_i5jewootsnhvrcvfsugrmdljaa 544 58 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 544 59 for for IN work_i5jewootsnhvrcvfsugrmdljaa 544 60 some some DT work_i5jewootsnhvrcvfsugrmdljaa 544 61 then then RB work_i5jewootsnhvrcvfsugrmdljaa 544 62 the the DT work_i5jewootsnhvrcvfsugrmdljaa 544 63 dynamics dynamic NNS work_i5jewootsnhvrcvfsugrmdljaa 544 64 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 544 65 10 10 CD work_i5jewootsnhvrcvfsugrmdljaa 544 66 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 544 67 holds hold VBZ work_i5jewootsnhvrcvfsugrmdljaa 544 68 : : : work_i5jewootsnhvrcvfsugrmdljaa 544 69 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 544 70 23a 23a NNS work_i5jewootsnhvrcvfsugrmdljaa 544 71 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 544 72 implies imply VBZ work_i5jewootsnhvrcvfsugrmdljaa 544 73 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 544 74 10).μ 10).μ CD work_i5jewootsnhvrcvfsugrmdljaa 544 75 κ κ NN work_i5jewootsnhvrcvfsugrmdljaa 544 76 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 544 77 λZ λz NN work_i5jewootsnhvrcvfsugrmdljaa 544 78 0 0 NFP work_i5jewootsnhvrcvfsugrmdljaa 544 79 < < XX work_i5jewootsnhvrcvfsugrmdljaa 544 80 κ κ XX work_i5jewootsnhvrcvfsugrmdljaa 544 81 < < XX work_i5jewootsnhvrcvfsugrmdljaa 544 82 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 544 83 Proof proof NN work_i5jewootsnhvrcvfsugrmdljaa 544 84 : : : work_i5jewootsnhvrcvfsugrmdljaa 544 85 Pick pick VB work_i5jewootsnhvrcvfsugrmdljaa 544 86 a a DT work_i5jewootsnhvrcvfsugrmdljaa 544 87 starting start VBG work_i5jewootsnhvrcvfsugrmdljaa 544 88 date date NN work_i5jewootsnhvrcvfsugrmdljaa 544 89 t t NN work_i5jewootsnhvrcvfsugrmdljaa 544 90 = = SYM work_i5jewootsnhvrcvfsugrmdljaa 544 91 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 544 92 . . . work_i5jewootsnhvrcvfsugrmdljaa 545 1 Data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 545 2 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 545 3 known know VBN work_i5jewootsnhvrcvfsugrmdljaa 545 4 and and CC work_i5jewootsnhvrcvfsugrmdljaa 545 5 the the DT work_i5jewootsnhvrcvfsugrmdljaa 545 6 agent agent NN work_i5jewootsnhvrcvfsugrmdljaa 545 7 generates generate VBZ work_i5jewootsnhvrcvfsugrmdljaa 545 8 a a DT work_i5jewootsnhvrcvfsugrmdljaa 545 9 subjective subjective JJ work_i5jewootsnhvrcvfsugrmdljaa 545 10 measure measure NN work_i5jewootsnhvrcvfsugrmdljaa 545 11 ofdt ofdt NNP work_i5jewootsnhvrcvfsugrmdljaa 545 12 . . . work_i5jewootsnhvrcvfsugrmdljaa 546 1 He -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 546 2 then then RB work_i5jewootsnhvrcvfsugrmdljaa 546 3 forms form VBZ work_i5jewootsnhvrcvfsugrmdljaa 546 4 a a DT work_i5jewootsnhvrcvfsugrmdljaa 546 5 prior prior NN work_i5jewootsnhvrcvfsugrmdljaa 546 6 on on IN work_i5jewootsnhvrcvfsugrmdljaa 546 7 , , , work_i5jewootsnhvrcvfsugrmdljaa 546 8 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 546 9 by by IN work_i5jewootsnhvrcvfsugrmdljaa 546 10 Assumption assumption NN work_i5jewootsnhvrcvfsugrmdljaa 546 11 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 546 12 * * NFP work_i5jewootsnhvrcvfsugrmdljaa 546 13 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 546 14 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 546 15 . . . work_i5jewootsnhvrcvfsugrmdljaa 547 1 Now now RB work_i5jewootsnhvrcvfsugrmdljaa 547 2 weΨit weΨit NNP work_i5jewootsnhvrcvfsugrmdljaa 547 3 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 547 4 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 547 5 - - HYPH work_i5jewootsnhvrcvfsugrmdljaa 547 6 N(μb%(1&μ N(μb%(1&μ NNP work_i5jewootsnhvrcvfsugrmdljaa 547 7 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 547 8 Ψ ψ NN work_i5jewootsnhvrcvfsugrmdljaa 547 9 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 547 10 t t NN work_i5jewootsnhvrcvfsugrmdljaa 547 11 , , , work_i5jewootsnhvrcvfsugrmdljaa 547 12 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 547 13 α α LS work_i5jewootsnhvrcvfsugrmdljaa 547 14 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 547 15 move move VB work_i5jewootsnhvrcvfsugrmdljaa 547 16 on on RB work_i5jewootsnhvrcvfsugrmdljaa 547 17 to to IN work_i5jewootsnhvrcvfsugrmdljaa 547 18 t+1 t+1 VB work_i5jewootsnhvrcvfsugrmdljaa 547 19 and and CC work_i5jewootsnhvrcvfsugrmdljaa 547 20 dt+1 dt+1 NNP work_i5jewootsnhvrcvfsugrmdljaa 547 21 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 547 22 observed observe VBN work_i5jewootsnhvrcvfsugrmdljaa 547 23 . . . work_i5jewootsnhvrcvfsugrmdljaa 548 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 548 2 agent agent NN work_i5jewootsnhvrcvfsugrmdljaa 548 3 updates update VBZ work_i5jewootsnhvrcvfsugrmdljaa 548 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 548 5 prior prior NN work_i5jewootsnhvrcvfsugrmdljaa 548 6 in in IN work_i5jewootsnhvrcvfsugrmdljaa 548 7 a a DT work_i5jewootsnhvrcvfsugrmdljaa 548 8 standard standard JJ work_i5jewootsnhvrcvfsugrmdljaa 548 9 Bayesian bayesian JJ work_i5jewootsnhvrcvfsugrmdljaa 548 10 manner manner NN work_i5jewootsnhvrcvfsugrmdljaa 548 11 : : : work_i5jewootsnhvrcvfsugrmdljaa 548 12 .E .E NFP work_i5jewootsnhvrcvfsugrmdljaa 548 13 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 548 14 t%1 t%1 VBP work_i5jewootsnhvrcvfsugrmdljaa 548 15 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 548 16 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 548 17 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 548 18 dt%1 dt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 548 19 , , , work_i5jewootsnhvrcvfsugrmdljaa 548 20 Ψ ψ NN work_i5jewootsnhvrcvfsugrmdljaa 548 21 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 548 22 t t XX work_i5jewootsnhvrcvfsugrmdljaa 548 23 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 548 24 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 548 25 α α XX work_i5jewootsnhvrcvfsugrmdljaa 548 26 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 548 27 μb%(1&μ μb%(1&μ ADD work_i5jewootsnhvrcvfsugrmdljaa 548 28 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 548 29 Ψ ψ NN work_i5jewootsnhvrcvfsugrmdljaa 548 30 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 548 31 t t NN work_i5jewootsnhvrcvfsugrmdljaa 548 32 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 548 33 % % NN work_i5jewootsnhvrcvfsugrmdljaa 548 34 β β NN work_i5jewootsnhvrcvfsugrmdljaa 548 35 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 548 36 dt%1&λd dt%1&λd NNP work_i5jewootsnhvrcvfsugrmdljaa 548 37 dt dt NNP work_i5jewootsnhvrcvfsugrmdljaa 548 38 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 548 39 α α NNP work_i5jewootsnhvrcvfsugrmdljaa 548 40 % % NN work_i5jewootsnhvrcvfsugrmdljaa 548 41 β β NNP work_i5jewootsnhvrcvfsugrmdljaa 548 42 , , , work_i5jewootsnhvrcvfsugrmdljaa 548 43 0 0 CD work_i5jewootsnhvrcvfsugrmdljaa 548 44 # # $ work_i5jewootsnhvrcvfsugrmdljaa 548 45 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 548 46 # # $ work_i5jewootsnhvrcvfsugrmdljaa 548 47 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 548 48 29 29 CD work_i5jewootsnhvrcvfsugrmdljaa 548 49 But but CC work_i5jewootsnhvrcvfsugrmdljaa 548 50 before before IN work_i5jewootsnhvrcvfsugrmdljaa 548 51 date date NN work_i5jewootsnhvrcvfsugrmdljaa 548 52 t+1 t+1 NN work_i5jewootsnhvrcvfsugrmdljaa 548 53 trading trading NN work_i5jewootsnhvrcvfsugrmdljaa 548 54 he -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 548 55 generates generate VBZ work_i5jewootsnhvrcvfsugrmdljaa 548 56 the the DT work_i5jewootsnhvrcvfsugrmdljaa 548 57 subjective subjective JJ work_i5jewootsnhvrcvfsugrmdljaa 548 58 measure measure NN work_i5jewootsnhvrcvfsugrmdljaa 548 59 of of IN work_i5jewootsnhvrcvfsugrmdljaa 548 60 qualitative qualitative JJ work_i5jewootsnhvrcvfsugrmdljaa 548 61 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 548 62 . . . work_i5jewootsnhvrcvfsugrmdljaa 549 1 ByΨit%1 ByΨit%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 549 2 Assumption Assumption NNP work_i5jewootsnhvrcvfsugrmdljaa 549 3 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 549 4 * * NFP work_i5jewootsnhvrcvfsugrmdljaa 549 5 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 549 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 549 7 expected expect VBN work_i5jewootsnhvrcvfsugrmdljaa 549 8 parameter parameter NN work_i5jewootsnhvrcvfsugrmdljaa 549 9 bt+1 bt+1 NNP work_i5jewootsnhvrcvfsugrmdljaa 549 10 under under IN work_i5jewootsnhvrcvfsugrmdljaa 549 11 the the DT work_i5jewootsnhvrcvfsugrmdljaa 549 12 new new JJ work_i5jewootsnhvrcvfsugrmdljaa 549 13 prior prior NN work_i5jewootsnhvrcvfsugrmdljaa 549 14 at at IN work_i5jewootsnhvrcvfsugrmdljaa 549 15 t+1 t+1 NN work_i5jewootsnhvrcvfsugrmdljaa 549 16 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 549 17 .E .E . work_i5jewootsnhvrcvfsugrmdljaa 549 18 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 549 19 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 549 20 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 549 21 bt%1 bt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 549 22 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 549 23 dt%1 dt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 549 24 , , , work_i5jewootsnhvrcvfsugrmdljaa 549 25 Ψ Ψ NNP work_i5jewootsnhvrcvfsugrmdljaa 549 26 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 549 27 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 549 28 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 549 29 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 549 30 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 549 31 E e NN work_i5jewootsnhvrcvfsugrmdljaa 549 32 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 549 33 t t NN work_i5jewootsnhvrcvfsugrmdljaa 549 34 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 549 35 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 549 36 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 549 37 dt%1 dt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 549 38 , , , work_i5jewootsnhvrcvfsugrmdljaa 549 39 Ψ ψ NN work_i5jewootsnhvrcvfsugrmdljaa 549 40 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 549 41 t t NN work_i5jewootsnhvrcvfsugrmdljaa 549 42 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 549 43 % % NN work_i5jewootsnhvrcvfsugrmdljaa 549 44 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 549 45 1&μ 1&μ CD work_i5jewootsnhvrcvfsugrmdljaa 549 46 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 549 47 Ψ ψ UH work_i5jewootsnhvrcvfsugrmdljaa 549 48 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 549 49 t%1 t%1 VBD work_i5jewootsnhvrcvfsugrmdljaa 549 50 , , , work_i5jewootsnhvrcvfsugrmdljaa 549 51 0 0 CD work_i5jewootsnhvrcvfsugrmdljaa 549 52 # # $ work_i5jewootsnhvrcvfsugrmdljaa 549 53 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 549 54 # # $ work_i5jewootsnhvrcvfsugrmdljaa 549 55 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 549 56 Denote Denote NNP work_i5jewootsnhvrcvfsugrmdljaa 549 57 by by RB work_i5jewootsnhvrcvfsugrmdljaa 549 58 . . . work_i5jewootsnhvrcvfsugrmdljaa 550 1 Then then RB work_i5jewootsnhvrcvfsugrmdljaa 550 2 the the DT work_i5jewootsnhvrcvfsugrmdljaa 550 3 prior prior NN work_i5jewootsnhvrcvfsugrmdljaa 550 4 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 550 5 ζ ζ NNP work_i5jewootsnhvrcvfsugrmdljaa 550 6 ' ' CD work_i5jewootsnhvrcvfsugrmdljaa 550 7 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 550 8 μ2 μ2 NN work_i5jewootsnhvrcvfsugrmdljaa 550 9 and and CC work_i5jewootsnhvrcvfsugrmdljaa 550 10 ξ ξ NNP work_i5jewootsnhvrcvfsugrmdljaa 550 11 ' ' `` work_i5jewootsnhvrcvfsugrmdljaa 550 12 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 550 13 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 550 14 1&μ 1&μ CD work_i5jewootsnhvrcvfsugrmdljaa 550 15 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 550 16 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 550 17 .b .b . work_i5jewootsnhvrcvfsugrmdljaa 550 18 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 550 19 - - HYPH work_i5jewootsnhvrcvfsugrmdljaa 550 20 N n NN work_i5jewootsnhvrcvfsugrmdljaa 550 21 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 550 22 E e NN work_i5jewootsnhvrcvfsugrmdljaa 550 23 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 550 24 t t NN work_i5jewootsnhvrcvfsugrmdljaa 550 25 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 550 26 bt%1 bt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 550 27 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 550 28 dt%1 dt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 550 29 , , , work_i5jewootsnhvrcvfsugrmdljaa 550 30 Ψ Ψ NNP work_i5jewootsnhvrcvfsugrmdljaa 550 31 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 550 32 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 550 33 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 550 34 , , , work_i5jewootsnhvrcvfsugrmdljaa 550 35 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 550 36 ζ ζ NNP work_i5jewootsnhvrcvfsugrmdljaa 550 37 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 550 38 α%β α%β CD work_i5jewootsnhvrcvfsugrmdljaa 550 39 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 550 40 % % NN work_i5jewootsnhvrcvfsugrmdljaa 550 41 ξγ ξγ NN work_i5jewootsnhvrcvfsugrmdljaa 550 42 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 550 43 It -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 550 44 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 550 45 used use VBN work_i5jewootsnhvrcvfsugrmdljaa 550 46 to to TO work_i5jewootsnhvrcvfsugrmdljaa 550 47 forecast forecast VB work_i5jewootsnhvrcvfsugrmdljaa 550 48 . . . work_i5jewootsnhvrcvfsugrmdljaa 551 1 Moving move VBG work_i5jewootsnhvrcvfsugrmdljaa 551 2 on on RP work_i5jewootsnhvrcvfsugrmdljaa 551 3 to to IN work_i5jewootsnhvrcvfsugrmdljaa 551 4 t+2 t+2 NN work_i5jewootsnhvrcvfsugrmdljaa 551 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 551 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 551 7 agent agent NN work_i5jewootsnhvrcvfsugrmdljaa 551 8 observes observe VBZ work_i5jewootsnhvrcvfsugrmdljaa 551 9 and and CC work_i5jewootsnhvrcvfsugrmdljaa 551 10 based base VBN work_i5jewootsnhvrcvfsugrmdljaa 551 11 on on IN work_i5jewootsnhvrcvfsugrmdljaa 551 12 thisdt%2&λd thisdt%2&λd NNP work_i5jewootsnhvrcvfsugrmdljaa 551 13 dt%1 dt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 551 14 dt%2&λd dt%2&λd NNP work_i5jewootsnhvrcvfsugrmdljaa 551 15 dt%1 dt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 551 16 observation observation NN work_i5jewootsnhvrcvfsugrmdljaa 551 17 he -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 551 18 uses use VBZ work_i5jewootsnhvrcvfsugrmdljaa 551 19 Bayesian bayesian JJ work_i5jewootsnhvrcvfsugrmdljaa 551 20 inference inference NN work_i5jewootsnhvrcvfsugrmdljaa 551 21 to to TO work_i5jewootsnhvrcvfsugrmdljaa 551 22 deduce deduce VB work_i5jewootsnhvrcvfsugrmdljaa 551 23 a a DT work_i5jewootsnhvrcvfsugrmdljaa 551 24 posterior posterior NN work_i5jewootsnhvrcvfsugrmdljaa 551 25 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 551 26 about about IN work_i5jewootsnhvrcvfsugrmdljaa 551 27 bt+1 bt+1 NNP work_i5jewootsnhvrcvfsugrmdljaa 551 28 .E .E . work_i5jewootsnhvrcvfsugrmdljaa 551 29 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 551 30 t%1 t%1 VBD work_i5jewootsnhvrcvfsugrmdljaa 551 31 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 551 32 bt%1 bt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 551 33 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 551 34 dt%2 dt%2 NNP work_i5jewootsnhvrcvfsugrmdljaa 551 35 , , , work_i5jewootsnhvrcvfsugrmdljaa 551 36 Ψ ψ UH work_i5jewootsnhvrcvfsugrmdljaa 551 37 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 551 38 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 551 39 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 551 40 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 551 41 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 551 42 ζ ζ NN work_i5jewootsnhvrcvfsugrmdljaa 551 43 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 551 44 α%β α%β CD work_i5jewootsnhvrcvfsugrmdljaa 551 45 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 551 46 % % NN work_i5jewootsnhvrcvfsugrmdljaa 551 47 ξγ ξγ NN work_i5jewootsnhvrcvfsugrmdljaa 551 48 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 551 49 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 551 50 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 551 51 E e NN work_i5jewootsnhvrcvfsugrmdljaa 551 52 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 551 53 t t NN work_i5jewootsnhvrcvfsugrmdljaa 551 54 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 551 55 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 551 56 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 551 57 dt%1 dt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 551 58 , , , work_i5jewootsnhvrcvfsugrmdljaa 551 59 Ψ ψ NN work_i5jewootsnhvrcvfsugrmdljaa 551 60 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 551 61 t t NN work_i5jewootsnhvrcvfsugrmdljaa 551 62 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 551 63 % % NN work_i5jewootsnhvrcvfsugrmdljaa 551 64 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 551 65 1&μ 1&μ CD work_i5jewootsnhvrcvfsugrmdljaa 551 66 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 551 67 Ψ ψ UH work_i5jewootsnhvrcvfsugrmdljaa 551 68 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 551 69 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 551 70 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 551 71 % % NN work_i5jewootsnhvrcvfsugrmdljaa 551 72 β β NN work_i5jewootsnhvrcvfsugrmdljaa 551 73 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 551 74 dt%2&λd dt%2&λd NNP work_i5jewootsnhvrcvfsugrmdljaa 551 75 dt%1 dt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 551 76 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 551 77 ζ ζ FW work_i5jewootsnhvrcvfsugrmdljaa 551 78 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 551 79 α%β α%β CD work_i5jewootsnhvrcvfsugrmdljaa 551 80 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 551 81 % % NN work_i5jewootsnhvrcvfsugrmdljaa 551 82 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 551 83 ξγ ξγ NNP work_i5jewootsnhvrcvfsugrmdljaa 551 84 % % NN work_i5jewootsnhvrcvfsugrmdljaa 551 85 β β NNP work_i5jewootsnhvrcvfsugrmdljaa 551 86 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 551 87 Before before IN work_i5jewootsnhvrcvfsugrmdljaa 551 88 the the DT work_i5jewootsnhvrcvfsugrmdljaa 551 89 start start NN work_i5jewootsnhvrcvfsugrmdljaa 551 90 of of IN work_i5jewootsnhvrcvfsugrmdljaa 551 91 date date NN work_i5jewootsnhvrcvfsugrmdljaa 551 92 t+2 t+2 NN work_i5jewootsnhvrcvfsugrmdljaa 551 93 trading trading NN work_i5jewootsnhvrcvfsugrmdljaa 551 94 , , , work_i5jewootsnhvrcvfsugrmdljaa 551 95 the the DT work_i5jewootsnhvrcvfsugrmdljaa 551 96 agent agent NN work_i5jewootsnhvrcvfsugrmdljaa 551 97 generates generate VBZ work_i5jewootsnhvrcvfsugrmdljaa 551 98 a a DT work_i5jewootsnhvrcvfsugrmdljaa 551 99 new new JJ work_i5jewootsnhvrcvfsugrmdljaa 551 100 value value NN work_i5jewootsnhvrcvfsugrmdljaa 551 101 leading lead VBG work_i5jewootsnhvrcvfsugrmdljaa 551 102 to to IN work_i5jewootsnhvrcvfsugrmdljaa 551 103 t+2 t+2 NN work_i5jewootsnhvrcvfsugrmdljaa 551 104 prior prior RB work_i5jewootsnhvrcvfsugrmdljaa 551 105 beliefΨit%2 beliefψit%2 CD work_i5jewootsnhvrcvfsugrmdljaa 551 106 about about IN work_i5jewootsnhvrcvfsugrmdljaa 551 107 the the DT work_i5jewootsnhvrcvfsugrmdljaa 551 108 unobserved unobserved JJ work_i5jewootsnhvrcvfsugrmdljaa 551 109 parameter parameter NN work_i5jewootsnhvrcvfsugrmdljaa 551 110 bt%2 bt%2 NN work_i5jewootsnhvrcvfsugrmdljaa 551 111 E e NN work_i5jewootsnhvrcvfsugrmdljaa 551 112 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 551 113 t%2 t%2 NN work_i5jewootsnhvrcvfsugrmdljaa 551 114 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 551 115 bt%2 bt%2 NNP work_i5jewootsnhvrcvfsugrmdljaa 551 116 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 551 117 dt%2 dt%2 NNP work_i5jewootsnhvrcvfsugrmdljaa 551 118 , , , work_i5jewootsnhvrcvfsugrmdljaa 551 119 Ψ ψ UH work_i5jewootsnhvrcvfsugrmdljaa 551 120 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 551 121 t%2 t%2 . work_i5jewootsnhvrcvfsugrmdljaa 551 122 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 551 123 ' ' NN work_i5jewootsnhvrcvfsugrmdljaa 551 124 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 551 125 E e NN work_i5jewootsnhvrcvfsugrmdljaa 551 126 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 551 127 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 551 128 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 551 129 bt%1 bt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 551 130 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 551 131 dt%2 dt%2 NNP work_i5jewootsnhvrcvfsugrmdljaa 551 132 , , , work_i5jewootsnhvrcvfsugrmdljaa 551 133 Ψ ψ UH work_i5jewootsnhvrcvfsugrmdljaa 551 134 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 551 135 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 551 136 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 551 137 % % NN work_i5jewootsnhvrcvfsugrmdljaa 551 138 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 551 139 1&μ 1&μ CD work_i5jewootsnhvrcvfsugrmdljaa 551 140 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 551 141 Ψ ψ NN work_i5jewootsnhvrcvfsugrmdljaa 551 142 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 551 143 t%2 t%2 CD work_i5jewootsnhvrcvfsugrmdljaa 551 144 , , , work_i5jewootsnhvrcvfsugrmdljaa 551 145 0 0 CD work_i5jewootsnhvrcvfsugrmdljaa 551 146 # # $ work_i5jewootsnhvrcvfsugrmdljaa 551 147 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 551 148 < < XX work_i5jewootsnhvrcvfsugrmdljaa 551 149 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 551 150 When when WRB work_i5jewootsnhvrcvfsugrmdljaa 551 151 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 551 152 observed observe VBN work_i5jewootsnhvrcvfsugrmdljaa 551 153 the the DT work_i5jewootsnhvrcvfsugrmdljaa 551 154 posterior posterior NN work_i5jewootsnhvrcvfsugrmdljaa 551 155 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 551 156 about about RB work_i5jewootsnhvrcvfsugrmdljaa 551 157 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 551 158 thendt%3&λd thendt%3&λd NNP work_i5jewootsnhvrcvfsugrmdljaa 551 159 dt%2 dt%2 FW work_i5jewootsnhvrcvfsugrmdljaa 551 160 bt%2 bt%2 NNP work_i5jewootsnhvrcvfsugrmdljaa 551 161 .E .E . work_i5jewootsnhvrcvfsugrmdljaa 551 162 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 551 163 t%2 t%2 VBP work_i5jewootsnhvrcvfsugrmdljaa 551 164 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 551 165 bt%2 bt%2 NNP work_i5jewootsnhvrcvfsugrmdljaa 551 166 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 551 167 dt%3 dt%3 NNP work_i5jewootsnhvrcvfsugrmdljaa 551 168 , , , work_i5jewootsnhvrcvfsugrmdljaa 551 169 Ψ ψ UH work_i5jewootsnhvrcvfsugrmdljaa 551 170 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 551 171 t%2 t%2 . work_i5jewootsnhvrcvfsugrmdljaa 551 172 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 551 173 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 551 174 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 551 175 ζ2(α%β)%(ξγ%β)j ζ2(α%β)%(ξγ%β)j NNP work_i5jewootsnhvrcvfsugrmdljaa 551 176 1 1 LS work_i5jewootsnhvrcvfsugrmdljaa 551 177 n'0 n'0 NN work_i5jewootsnhvrcvfsugrmdljaa 551 178 ζn&β][μE ζn&β][μE NNP work_i5jewootsnhvrcvfsugrmdljaa 551 179 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 551 180 t%1(bt%1 t%1(bt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 551 181 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 551 182 dt%2 dt%2 NNP work_i5jewootsnhvrcvfsugrmdljaa 551 183 , , , work_i5jewootsnhvrcvfsugrmdljaa 551 184 Ψ ψ UH work_i5jewootsnhvrcvfsugrmdljaa 551 185 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 551 186 t%1)%(1&μ)Ψ t%1)%(1&μ)ψ XX work_i5jewootsnhvrcvfsugrmdljaa 551 187 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 551 188 t%2]%β[dt%3&λddt%2 t%2]%β[dt%3&λddt%2 NNP work_i5jewootsnhvrcvfsugrmdljaa 551 189 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 551 190 ζ2(α%β)%(ξγ%β)j ζ2(α%β)%(ξγ%β)j NNP work_i5jewootsnhvrcvfsugrmdljaa 551 191 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 551 192 n'0 n'0 NN work_i5jewootsnhvrcvfsugrmdljaa 551 193 ζn ζn XX work_i5jewootsnhvrcvfsugrmdljaa 551 194 Next Next NNP work_i5jewootsnhvrcvfsugrmdljaa 551 195 the the DT work_i5jewootsnhvrcvfsugrmdljaa 551 196 agent agent NN work_i5jewootsnhvrcvfsugrmdljaa 551 197 generates generate VBZ work_i5jewootsnhvrcvfsugrmdljaa 551 198 a a DT work_i5jewootsnhvrcvfsugrmdljaa 551 199 new new JJ work_i5jewootsnhvrcvfsugrmdljaa 551 200 value value NN work_i5jewootsnhvrcvfsugrmdljaa 551 201 leading lead VBG work_i5jewootsnhvrcvfsugrmdljaa 551 202 to to IN work_i5jewootsnhvrcvfsugrmdljaa 551 203 a a DT work_i5jewootsnhvrcvfsugrmdljaa 551 204 t+3 t+3 JJ work_i5jewootsnhvrcvfsugrmdljaa 551 205 prior prior JJ work_i5jewootsnhvrcvfsugrmdljaa 551 206 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 551 207 about about RB work_i5jewootsnhvrcvfsugrmdljaa 551 208 .Ψit%3 .Ψit%3 . work_i5jewootsnhvrcvfsugrmdljaa 551 209 E e NN work_i5jewootsnhvrcvfsugrmdljaa 551 210 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 551 211 t%3 t%3 NN work_i5jewootsnhvrcvfsugrmdljaa 551 212 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 551 213 bt%3 bt%3 NNP work_i5jewootsnhvrcvfsugrmdljaa 551 214 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 551 215 dt%3 dt%3 NNP work_i5jewootsnhvrcvfsugrmdljaa 551 216 , , , work_i5jewootsnhvrcvfsugrmdljaa 551 217 Ψ ψ UH work_i5jewootsnhvrcvfsugrmdljaa 551 218 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 551 219 t%3 t%3 VBP work_i5jewootsnhvrcvfsugrmdljaa 551 220 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 551 221 bt%3 bt%3 XX work_i5jewootsnhvrcvfsugrmdljaa 551 222 By by IN work_i5jewootsnhvrcvfsugrmdljaa 551 223 forward forward JJ work_i5jewootsnhvrcvfsugrmdljaa 551 224 iteration iteration NN work_i5jewootsnhvrcvfsugrmdljaa 551 225 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 551 226 conclude conclude VBP work_i5jewootsnhvrcvfsugrmdljaa 551 227 that that IN work_i5jewootsnhvrcvfsugrmdljaa 551 228 after after IN work_i5jewootsnhvrcvfsugrmdljaa 551 229 N n NN work_i5jewootsnhvrcvfsugrmdljaa 551 230 rounds round VBZ work_i5jewootsnhvrcvfsugrmdljaa 551 231 the the DT work_i5jewootsnhvrcvfsugrmdljaa 551 232 prior prior NN work_i5jewootsnhvrcvfsugrmdljaa 551 233 takes take VBZ work_i5jewootsnhvrcvfsugrmdljaa 551 234 the the DT work_i5jewootsnhvrcvfsugrmdljaa 551 235 form form NN work_i5jewootsnhvrcvfsugrmdljaa 551 236 E e NN work_i5jewootsnhvrcvfsugrmdljaa 551 237 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 551 238 t%N t%n VBP work_i5jewootsnhvrcvfsugrmdljaa 551 239 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 551 240 bt%N bt%n CD work_i5jewootsnhvrcvfsugrmdljaa 551 241 | | CD work_i5jewootsnhvrcvfsugrmdljaa 551 242 dt%N%1 dt%n%1 NN work_i5jewootsnhvrcvfsugrmdljaa 551 243 , , , work_i5jewootsnhvrcvfsugrmdljaa 551 244 Ψ ψ NN work_i5jewootsnhvrcvfsugrmdljaa 551 245 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 551 246 t%N t%n VBP work_i5jewootsnhvrcvfsugrmdljaa 551 247 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 551 248 ' ' `` work_i5jewootsnhvrcvfsugrmdljaa 551 249 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 551 250 ζN&1(α%β)% ζN&1(α%β)% NNP work_i5jewootsnhvrcvfsugrmdljaa 551 251 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 551 252 ξγ%β)j ξγ%β)j NNP work_i5jewootsnhvrcvfsugrmdljaa 551 253 N&1 N&1 NNP work_i5jewootsnhvrcvfsugrmdljaa 551 254 n'0 n'0 NN work_i5jewootsnhvrcvfsugrmdljaa 551 255 ζn&β ζn&β NNP work_i5jewootsnhvrcvfsugrmdljaa 551 256 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 551 257 ζN(α ζn(α JJ work_i5jewootsnhvrcvfsugrmdljaa 551 258 % % NN work_i5jewootsnhvrcvfsugrmdljaa 551 259 β)%(ξγ%β)j β)%(ξγ%β)j NNP work_i5jewootsnhvrcvfsugrmdljaa 551 260 N&1 n&1 NN work_i5jewootsnhvrcvfsugrmdljaa 551 261 n'0 n'0 NN work_i5jewootsnhvrcvfsugrmdljaa 551 262 ζn ζn VB work_i5jewootsnhvrcvfsugrmdljaa 551 263 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 551 264 μE μE . work_i5jewootsnhvrcvfsugrmdljaa 551 265 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 551 266 t t VBZ work_i5jewootsnhvrcvfsugrmdljaa 551 267 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 551 268 bt%N&1 bt%N&1 NNP work_i5jewootsnhvrcvfsugrmdljaa 551 269 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 551 270 dt%N dt%N NNP work_i5jewootsnhvrcvfsugrmdljaa 551 271 , , , work_i5jewootsnhvrcvfsugrmdljaa 551 272 Ψ ψ UH work_i5jewootsnhvrcvfsugrmdljaa 551 273 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 551 274 t%N&1)%(1&μ t%N&1)%(1&μ NNP work_i5jewootsnhvrcvfsugrmdljaa 551 275 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 551 276 Ψ ψ NN work_i5jewootsnhvrcvfsugrmdljaa 551 277 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 551 278 t%N t%N VBN work_i5jewootsnhvrcvfsugrmdljaa 551 279 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 551 280 % % NN work_i5jewootsnhvrcvfsugrmdljaa 551 281 + + SYM work_i5jewootsnhvrcvfsugrmdljaa 551 282 . . . work_i5jewootsnhvrcvfsugrmdljaa 552 1 β β NNP work_i5jewootsnhvrcvfsugrmdljaa 552 2 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 552 3 dt%N%1&λd dt%N%1&λd NNP work_i5jewootsnhvrcvfsugrmdljaa 552 4 dt%N dt%N NNP work_i5jewootsnhvrcvfsugrmdljaa 552 5 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 552 6 ζN(α%β ζn(α%β CD work_i5jewootsnhvrcvfsugrmdljaa 552 7 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 552 8 % % NN work_i5jewootsnhvrcvfsugrmdljaa 552 9 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 552 10 ξγ%β ξγ%β NNP work_i5jewootsnhvrcvfsugrmdljaa 552 11 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 552 12 j j NNP work_i5jewootsnhvrcvfsugrmdljaa 552 13 N&1 N&1 NNP work_i5jewootsnhvrcvfsugrmdljaa 552 14 n'0 n'0 NNP work_i5jewootsnhvrcvfsugrmdljaa 552 15 ζn ζn XX work_i5jewootsnhvrcvfsugrmdljaa 552 16 Now now RB work_i5jewootsnhvrcvfsugrmdljaa 552 17 take take VB work_i5jewootsnhvrcvfsugrmdljaa 552 18 the the DT work_i5jewootsnhvrcvfsugrmdljaa 552 19 limit limit NN work_i5jewootsnhvrcvfsugrmdljaa 552 20 . . . work_i5jewootsnhvrcvfsugrmdljaa 553 1 Since since IN work_i5jewootsnhvrcvfsugrmdljaa 553 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 553 3 as as IN work_i5jewootsnhvrcvfsugrmdljaa 553 4 N n NN work_i5jewootsnhvrcvfsugrmdljaa 553 5 increases increase VBZ work_i5jewootsnhvrcvfsugrmdljaa 553 6 hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 553 7 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 553 8 find find VBP work_i5jewootsnhvrcvfsugrmdljaa 553 9 that that IN work_i5jewootsnhvrcvfsugrmdljaa 553 10 ζ ζ NN work_i5jewootsnhvrcvfsugrmdljaa 553 11 > > XX work_i5jewootsnhvrcvfsugrmdljaa 553 12 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 553 13 ζN ζn $ work_i5jewootsnhvrcvfsugrmdljaa 553 14 6 6 CD work_i5jewootsnhvrcvfsugrmdljaa 553 15 4 4 CD work_i5jewootsnhvrcvfsugrmdljaa 553 16 lim lim NN work_i5jewootsnhvrcvfsugrmdljaa 553 17 N n CD work_i5jewootsnhvrcvfsugrmdljaa 553 18 6 6 CD work_i5jewootsnhvrcvfsugrmdljaa 553 19 4 4 CD work_i5jewootsnhvrcvfsugrmdljaa 553 20 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 553 21 ζN&1(α%β)% ζn&1(α%β)% NN work_i5jewootsnhvrcvfsugrmdljaa 553 22 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 553 23 ξγ%β)j ξγ%β)j NNP work_i5jewootsnhvrcvfsugrmdljaa 553 24 N&1 N&1 NNP work_i5jewootsnhvrcvfsugrmdljaa 553 25 n'0 n'0 NN work_i5jewootsnhvrcvfsugrmdljaa 553 26 ζn&β ζn&β NNP work_i5jewootsnhvrcvfsugrmdljaa 553 27 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 553 28 ζN(α ζn(α JJ work_i5jewootsnhvrcvfsugrmdljaa 553 29 % % NN work_i5jewootsnhvrcvfsugrmdljaa 553 30 β)%(ξγ%β)j β)%(ξγ%β)j NNP work_i5jewootsnhvrcvfsugrmdljaa 553 31 N&1 n&1 NN work_i5jewootsnhvrcvfsugrmdljaa 553 32 n'0 n'0 NNP work_i5jewootsnhvrcvfsugrmdljaa 553 33 ζn ζn FW work_i5jewootsnhvrcvfsugrmdljaa 553 34 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 553 35 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 553 36 α%β)% α%β)% ADD work_i5jewootsnhvrcvfsugrmdljaa 553 37 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 553 38 ξγ%β ξγ%β NNP work_i5jewootsnhvrcvfsugrmdljaa 553 39 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 553 40 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 553 41 ζ ζ NNP work_i5jewootsnhvrcvfsugrmdljaa 553 42 ζ ζ NNP work_i5jewootsnhvrcvfsugrmdljaa 553 43 & & CC work_i5jewootsnhvrcvfsugrmdljaa 553 44 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 553 45 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 553 46 ζ ζ NNP work_i5jewootsnhvrcvfsugrmdljaa 553 47 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 553 48 α α CD work_i5jewootsnhvrcvfsugrmdljaa 553 49 % % NN work_i5jewootsnhvrcvfsugrmdljaa 553 50 β)%(ξγ%β β)%(ξγ%β ADD work_i5jewootsnhvrcvfsugrmdljaa 553 51 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 553 52 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 553 53 ζ ζ NNP work_i5jewootsnhvrcvfsugrmdljaa 553 54 ζ ζ NNP work_i5jewootsnhvrcvfsugrmdljaa 553 55 & & CC work_i5jewootsnhvrcvfsugrmdljaa 553 56 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 553 57 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 553 58 / / SYM work_i5jewootsnhvrcvfsugrmdljaa 553 59 κ κ NN work_i5jewootsnhvrcvfsugrmdljaa 553 60 11 11 CD work_i5jewootsnhvrcvfsugrmdljaa 553 61 Some some DT work_i5jewootsnhvrcvfsugrmdljaa 553 62 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 553 63 e.g. e.g. RB work_i5jewootsnhvrcvfsugrmdljaa 554 1 Bacchetta Bacchetta NNP work_i5jewootsnhvrcvfsugrmdljaa 554 2 and and CC work_i5jewootsnhvrcvfsugrmdljaa 554 3 van van NNP work_i5jewootsnhvrcvfsugrmdljaa 554 4 Wincoop Wincoop NNP work_i5jewootsnhvrcvfsugrmdljaa 554 5 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 554 6 2005b 2005b CD work_i5jewootsnhvrcvfsugrmdljaa 554 7 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 554 8 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 554 9 bypass bypass VB work_i5jewootsnhvrcvfsugrmdljaa 554 10 this this DT work_i5jewootsnhvrcvfsugrmdljaa 554 11 theorem theorem NN work_i5jewootsnhvrcvfsugrmdljaa 554 12 by by IN work_i5jewootsnhvrcvfsugrmdljaa 554 13 not not RB work_i5jewootsnhvrcvfsugrmdljaa 554 14 carrying carry VBG work_i5jewootsnhvrcvfsugrmdljaa 554 15 out out RP work_i5jewootsnhvrcvfsugrmdljaa 554 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 554 17 full full JJ work_i5jewootsnhvrcvfsugrmdljaa 554 18 inference inference NN work_i5jewootsnhvrcvfsugrmdljaa 554 19 and and CC work_i5jewootsnhvrcvfsugrmdljaa 554 20 instead instead RB work_i5jewootsnhvrcvfsugrmdljaa 554 21 making make VBG work_i5jewootsnhvrcvfsugrmdljaa 554 22 the the DT work_i5jewootsnhvrcvfsugrmdljaa 554 23 arbitrary arbitrary JJ work_i5jewootsnhvrcvfsugrmdljaa 554 24 assumption assumption NN work_i5jewootsnhvrcvfsugrmdljaa 554 25 that that IN work_i5jewootsnhvrcvfsugrmdljaa 554 26 the the DT work_i5jewootsnhvrcvfsugrmdljaa 554 27 information information NN work_i5jewootsnhvrcvfsugrmdljaa 554 28 structure structure NN work_i5jewootsnhvrcvfsugrmdljaa 554 29 in in IN work_i5jewootsnhvrcvfsugrmdljaa 554 30 a a DT work_i5jewootsnhvrcvfsugrmdljaa 554 31 noisy noisy JJ work_i5jewootsnhvrcvfsugrmdljaa 554 32 REE ree NN work_i5jewootsnhvrcvfsugrmdljaa 554 33 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 554 34 of of IN work_i5jewootsnhvrcvfsugrmdljaa 554 35 finite finite JJ work_i5jewootsnhvrcvfsugrmdljaa 554 36 memory memory NN work_i5jewootsnhvrcvfsugrmdljaa 554 37 . . . work_i5jewootsnhvrcvfsugrmdljaa 555 1 30 30 CD work_i5jewootsnhvrcvfsugrmdljaa 555 2 Since since IN work_i5jewootsnhvrcvfsugrmdljaa 555 3 all all DT work_i5jewootsnhvrcvfsugrmdljaa 555 4 terms term NNS work_i5jewootsnhvrcvfsugrmdljaa 555 5 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 555 6 positive positive JJ work_i5jewootsnhvrcvfsugrmdljaa 555 7 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 555 8 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 555 9 clear clear JJ work_i5jewootsnhvrcvfsugrmdljaa 555 10 that that IN work_i5jewootsnhvrcvfsugrmdljaa 555 11 0 0 CD work_i5jewootsnhvrcvfsugrmdljaa 555 12 < < XX work_i5jewootsnhvrcvfsugrmdljaa 555 13 κ κ NNP work_i5jewootsnhvrcvfsugrmdljaa 555 14 < < XX work_i5jewootsnhvrcvfsugrmdljaa 555 15 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 555 16 . . . work_i5jewootsnhvrcvfsugrmdljaa 556 1 Hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 556 2 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 556 3 have have VBP work_i5jewootsnhvrcvfsugrmdljaa 556 4 that that DT work_i5jewootsnhvrcvfsugrmdljaa 556 5 for for IN work_i5jewootsnhvrcvfsugrmdljaa 556 6 large large JJ work_i5jewootsnhvrcvfsugrmdljaa 556 7 t t NN work_i5jewootsnhvrcvfsugrmdljaa 556 8 E e NN work_i5jewootsnhvrcvfsugrmdljaa 556 9 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 556 10 t%1 t%1 NN work_i5jewootsnhvrcvfsugrmdljaa 556 11 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 556 12 bt%1 bt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 556 13 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 556 14 dt%2 dt%2 NNP work_i5jewootsnhvrcvfsugrmdljaa 556 15 , , , work_i5jewootsnhvrcvfsugrmdljaa 556 16 Ψ ψ UH work_i5jewootsnhvrcvfsugrmdljaa 556 17 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 556 18 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 556 19 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 556 20 ' ' `` work_i5jewootsnhvrcvfsugrmdljaa 556 21 κ[μ κ[μ NN work_i5jewootsnhvrcvfsugrmdljaa 556 22 E e NN work_i5jewootsnhvrcvfsugrmdljaa 556 23 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 556 24 t t NN work_i5jewootsnhvrcvfsugrmdljaa 556 25 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 556 26 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 556 27 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 556 28 dt%1 dt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 556 29 , , , work_i5jewootsnhvrcvfsugrmdljaa 556 30 Ψ ψ NN work_i5jewootsnhvrcvfsugrmdljaa 556 31 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 556 32 t t NN work_i5jewootsnhvrcvfsugrmdljaa 556 33 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 556 34 % % NN work_i5jewootsnhvrcvfsugrmdljaa 556 35 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 556 36 1&μ 1&μ CD work_i5jewootsnhvrcvfsugrmdljaa 556 37 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 556 38 Ψ ψ UH work_i5jewootsnhvrcvfsugrmdljaa 556 39 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 556 40 t%1 t%1 . work_i5jewootsnhvrcvfsugrmdljaa 556 41 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 556 42 But but CC work_i5jewootsnhvrcvfsugrmdljaa 556 43 by by IN work_i5jewootsnhvrcvfsugrmdljaa 556 44 definition definition NN work_i5jewootsnhvrcvfsugrmdljaa 556 45 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 556 46 have have VBP work_i5jewootsnhvrcvfsugrmdljaa 556 47 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 556 48 24 24 CD work_i5jewootsnhvrcvfsugrmdljaa 556 49 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 556 50 E e UH work_i5jewootsnhvrcvfsugrmdljaa 556 51 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 556 52 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 556 53 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 556 54 bt%1 bt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 556 55 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 556 56 dt%1 dt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 556 57 , , , work_i5jewootsnhvrcvfsugrmdljaa 556 58 Ψ Ψ NNP work_i5jewootsnhvrcvfsugrmdljaa 556 59 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 556 60 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 556 61 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 556 62 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 556 63 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 556 64 E e NN work_i5jewootsnhvrcvfsugrmdljaa 556 65 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 556 66 t t NN work_i5jewootsnhvrcvfsugrmdljaa 556 67 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 556 68 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 556 69 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 556 70 dt%1 dt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 556 71 , , , work_i5jewootsnhvrcvfsugrmdljaa 556 72 Ψ ψ NN work_i5jewootsnhvrcvfsugrmdljaa 556 73 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 556 74 t t NN work_i5jewootsnhvrcvfsugrmdljaa 556 75 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 556 76 % % NN work_i5jewootsnhvrcvfsugrmdljaa 556 77 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 556 78 1&μ 1&μ CD work_i5jewootsnhvrcvfsugrmdljaa 556 79 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 556 80 Ψ ψ UH work_i5jewootsnhvrcvfsugrmdljaa 556 81 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 556 82 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 556 83 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 556 84 conclude conclude VBP work_i5jewootsnhvrcvfsugrmdljaa 556 85 that that IN work_i5jewootsnhvrcvfsugrmdljaa 556 86 for for IN work_i5jewootsnhvrcvfsugrmdljaa 556 87 large large JJ work_i5jewootsnhvrcvfsugrmdljaa 556 88 t t NN work_i5jewootsnhvrcvfsugrmdljaa 556 89 , , , work_i5jewootsnhvrcvfsugrmdljaa 556 90 the the DT work_i5jewootsnhvrcvfsugrmdljaa 556 91 contribution contribution NN work_i5jewootsnhvrcvfsugrmdljaa 556 92 of of IN work_i5jewootsnhvrcvfsugrmdljaa 556 93 each each DT work_i5jewootsnhvrcvfsugrmdljaa 556 94 new new JJ work_i5jewootsnhvrcvfsugrmdljaa 556 95 observation observation NN work_i5jewootsnhvrcvfsugrmdljaa 556 96 of of IN work_i5jewootsnhvrcvfsugrmdljaa 556 97 dividends dividend NNS work_i5jewootsnhvrcvfsugrmdljaa 556 98 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 556 99 negligible negligible JJ work_i5jewootsnhvrcvfsugrmdljaa 556 100 hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 556 101 .E .E . work_i5jewootsnhvrcvfsugrmdljaa 556 102 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 556 103 t t VBP work_i5jewootsnhvrcvfsugrmdljaa 556 104 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 556 105 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 556 106 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 556 107 dt%1 dt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 556 108 , , , work_i5jewootsnhvrcvfsugrmdljaa 556 109 Ψ ψ NN work_i5jewootsnhvrcvfsugrmdljaa 556 110 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 556 111 t t NN work_i5jewootsnhvrcvfsugrmdljaa 556 112 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 556 113 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 556 114 κE κe NN work_i5jewootsnhvrcvfsugrmdljaa 556 115 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 556 116 t t VBP work_i5jewootsnhvrcvfsugrmdljaa 556 117 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 556 118 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 556 119 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 556 120 dt dt NNP work_i5jewootsnhvrcvfsugrmdljaa 556 121 , , , work_i5jewootsnhvrcvfsugrmdljaa 556 122 Ψ ψ NN work_i5jewootsnhvrcvfsugrmdljaa 556 123 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 556 124 t t XX work_i5jewootsnhvrcvfsugrmdljaa 556 125 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 556 126 Inserting insert VBG work_i5jewootsnhvrcvfsugrmdljaa 556 127 this this DT work_i5jewootsnhvrcvfsugrmdljaa 556 128 last last JJ work_i5jewootsnhvrcvfsugrmdljaa 556 129 equation equation NN work_i5jewootsnhvrcvfsugrmdljaa 556 130 again again RB work_i5jewootsnhvrcvfsugrmdljaa 556 131 into into IN work_i5jewootsnhvrcvfsugrmdljaa 556 132 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 556 133 24 24 CD work_i5jewootsnhvrcvfsugrmdljaa 556 134 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 556 135 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 556 136 finally finally RB work_i5jewootsnhvrcvfsugrmdljaa 556 137 have have VBP work_i5jewootsnhvrcvfsugrmdljaa 556 138 the the DT work_i5jewootsnhvrcvfsugrmdljaa 556 139 desired desire VBN work_i5jewootsnhvrcvfsugrmdljaa 556 140 conclusion conclusion NN work_i5jewootsnhvrcvfsugrmdljaa 556 141 that that IN work_i5jewootsnhvrcvfsugrmdljaa 556 142 for for IN work_i5jewootsnhvrcvfsugrmdljaa 556 143 large large JJ work_i5jewootsnhvrcvfsugrmdljaa 556 144 t t NN work_i5jewootsnhvrcvfsugrmdljaa 556 145 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 556 146 25 25 CD work_i5jewootsnhvrcvfsugrmdljaa 556 147 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 556 148 .E .E . work_i5jewootsnhvrcvfsugrmdljaa 556 149 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 556 150 t%1 t%1 VBD work_i5jewootsnhvrcvfsugrmdljaa 556 151 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 556 152 bt%1 bt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 556 153 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 556 154 dt%1 dt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 556 155 , , , work_i5jewootsnhvrcvfsugrmdljaa 556 156 Ψ Ψ NNP work_i5jewootsnhvrcvfsugrmdljaa 556 157 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 556 158 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 556 159 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 556 160 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 556 161 μ μ LS work_i5jewootsnhvrcvfsugrmdljaa 556 162 κE κe NN work_i5jewootsnhvrcvfsugrmdljaa 556 163 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 556 164 t t VBP work_i5jewootsnhvrcvfsugrmdljaa 556 165 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 556 166 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 556 167 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 556 168 dt dt NNP work_i5jewootsnhvrcvfsugrmdljaa 556 169 , , , work_i5jewootsnhvrcvfsugrmdljaa 556 170 Ψ ψ NN work_i5jewootsnhvrcvfsugrmdljaa 556 171 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 556 172 t t NN work_i5jewootsnhvrcvfsugrmdljaa 556 173 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 556 174 % % NN work_i5jewootsnhvrcvfsugrmdljaa 556 175 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 556 176 1&μ 1&μ CD work_i5jewootsnhvrcvfsugrmdljaa 556 177 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 556 178 Ψ ψ UH work_i5jewootsnhvrcvfsugrmdljaa 556 179 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 556 180 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 556 181 Now now RB work_i5jewootsnhvrcvfsugrmdljaa 556 182 identify identify VB work_i5jewootsnhvrcvfsugrmdljaa 556 183 , , , work_i5jewootsnhvrcvfsugrmdljaa 556 184 and and CC work_i5jewootsnhvrcvfsugrmdljaa 556 185 to to TO work_i5jewootsnhvrcvfsugrmdljaa 556 186 see see VB work_i5jewootsnhvrcvfsugrmdljaa 556 187 that that DT work_i5jewootsnhvrcvfsugrmdljaa 556 188 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 556 189 25 25 CD work_i5jewootsnhvrcvfsugrmdljaa 556 190 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 556 191 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 556 192 actually actually RB work_i5jewootsnhvrcvfsugrmdljaa 556 193 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 556 194 10 10 CD work_i5jewootsnhvrcvfsugrmdljaa 556 195 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 556 196 . . . work_i5jewootsnhvrcvfsugrmdljaa 557 1 � � NNP work_i5jewootsnhvrcvfsugrmdljaa 557 2 g g NNP work_i5jewootsnhvrcvfsugrmdljaa 557 3 i i NN work_i5jewootsnhvrcvfsugrmdljaa 557 4 t t NN work_i5jewootsnhvrcvfsugrmdljaa 557 5 ' ' `` work_i5jewootsnhvrcvfsugrmdljaa 557 6 E e NN work_i5jewootsnhvrcvfsugrmdljaa 557 7 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 557 8 t t NN work_i5jewootsnhvrcvfsugrmdljaa 557 9 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 557 10 bt bt NNP work_i5jewootsnhvrcvfsugrmdljaa 557 11 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 557 12 dt dt NNP work_i5jewootsnhvrcvfsugrmdljaa 557 13 , , , work_i5jewootsnhvrcvfsugrmdljaa 557 14 Ψ ψ NN work_i5jewootsnhvrcvfsugrmdljaa 557 15 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 557 16 t t NN work_i5jewootsnhvrcvfsugrmdljaa 557 17 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 557 18 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 557 19 1&μ)Ψ 1&μ)ψ CD work_i5jewootsnhvrcvfsugrmdljaa 557 20 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 557 21 t%1 t%1 CC work_i5jewootsnhvrcvfsugrmdljaa 557 22 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 557 23 ρ ρ CC work_i5jewootsnhvrcvfsugrmdljaa 557 24 ig ig NNP work_i5jewootsnhvrcvfsugrmdljaa 557 25 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 557 26 μκ μκ XX work_i5jewootsnhvrcvfsugrmdljaa 557 27 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 557 28 λZ λZ . work_i5jewootsnhvrcvfsugrmdljaa 557 29 The the DT work_i5jewootsnhvrcvfsugrmdljaa 557 30 Theorem Theorem NNP work_i5jewootsnhvrcvfsugrmdljaa 557 31 shows show VBZ work_i5jewootsnhvrcvfsugrmdljaa 557 32 that that IN work_i5jewootsnhvrcvfsugrmdljaa 557 33 as as IN work_i5jewootsnhvrcvfsugrmdljaa 557 34 the the DT work_i5jewootsnhvrcvfsugrmdljaa 557 35 dt dt JJ work_i5jewootsnhvrcvfsugrmdljaa 557 36 data data NN work_i5jewootsnhvrcvfsugrmdljaa 557 37 set set VBN work_i5jewootsnhvrcvfsugrmdljaa 557 38 increases increase NNS work_i5jewootsnhvrcvfsugrmdljaa 557 39 , , , work_i5jewootsnhvrcvfsugrmdljaa 557 40 there there EX work_i5jewootsnhvrcvfsugrmdljaa 557 41 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 557 42 nothing nothing NN work_i5jewootsnhvrcvfsugrmdljaa 557 43 new new JJ work_i5jewootsnhvrcvfsugrmdljaa 557 44 to to TO work_i5jewootsnhvrcvfsugrmdljaa 557 45 learn learn VB work_i5jewootsnhvrcvfsugrmdljaa 557 46 . . . work_i5jewootsnhvrcvfsugrmdljaa 558 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 558 2 posterior posterior NN work_i5jewootsnhvrcvfsugrmdljaa 558 3 does do VBZ work_i5jewootsnhvrcvfsugrmdljaa 558 4 not not RB work_i5jewootsnhvrcvfsugrmdljaa 558 5 converge converge VB work_i5jewootsnhvrcvfsugrmdljaa 558 6 but but CC work_i5jewootsnhvrcvfsugrmdljaa 558 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 558 8 law law NN work_i5jewootsnhvrcvfsugrmdljaa 558 9 of of IN work_i5jewootsnhvrcvfsugrmdljaa 558 10 motion motion NN work_i5jewootsnhvrcvfsugrmdljaa 558 11 of of IN work_i5jewootsnhvrcvfsugrmdljaa 558 12 the the DT work_i5jewootsnhvrcvfsugrmdljaa 558 13 posterior posterior NN work_i5jewootsnhvrcvfsugrmdljaa 558 14 converges converge VBZ work_i5jewootsnhvrcvfsugrmdljaa 558 15 to to IN work_i5jewootsnhvrcvfsugrmdljaa 558 16 a a DT work_i5jewootsnhvrcvfsugrmdljaa 558 17 time time NN work_i5jewootsnhvrcvfsugrmdljaa 558 18 invariant invariant JJ work_i5jewootsnhvrcvfsugrmdljaa 558 19 stochastic stochastic JJ work_i5jewootsnhvrcvfsugrmdljaa 558 20 law law NN work_i5jewootsnhvrcvfsugrmdljaa 558 21 of of IN work_i5jewootsnhvrcvfsugrmdljaa 558 22 motion motion NN work_i5jewootsnhvrcvfsugrmdljaa 558 23 defined define VBN work_i5jewootsnhvrcvfsugrmdljaa 558 24 by by IN work_i5jewootsnhvrcvfsugrmdljaa 558 25 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 558 26 25 25 CD work_i5jewootsnhvrcvfsugrmdljaa 558 27 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 558 28 . . . work_i5jewootsnhvrcvfsugrmdljaa 559 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 559 2 posterior posterior NN work_i5jewootsnhvrcvfsugrmdljaa 559 3 fluctuates fluctuate VBZ work_i5jewootsnhvrcvfsugrmdljaa 559 4 forever forever RB work_i5jewootsnhvrcvfsugrmdljaa 559 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 559 6 providing provide VBG work_i5jewootsnhvrcvfsugrmdljaa 559 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 559 8 basis basis NN work_i5jewootsnhvrcvfsugrmdljaa 559 9 for for IN work_i5jewootsnhvrcvfsugrmdljaa 559 10 the the DT work_i5jewootsnhvrcvfsugrmdljaa 559 11 dynamics dynamic NNS work_i5jewootsnhvrcvfsugrmdljaa 559 12 of of IN work_i5jewootsnhvrcvfsugrmdljaa 559 13 market market NN work_i5jewootsnhvrcvfsugrmdljaa 559 14 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 559 15 but but CC work_i5jewootsnhvrcvfsugrmdljaa 559 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 559 17 fluctuations fluctuation NNS work_i5jewootsnhvrcvfsugrmdljaa 559 18 follow follow VBP work_i5jewootsnhvrcvfsugrmdljaa 559 19 a a DT work_i5jewootsnhvrcvfsugrmdljaa 559 20 simple simple JJ work_i5jewootsnhvrcvfsugrmdljaa 559 21 Markov Markov NNP work_i5jewootsnhvrcvfsugrmdljaa 559 22 transition transition NN work_i5jewootsnhvrcvfsugrmdljaa 559 23 . . . work_i5jewootsnhvrcvfsugrmdljaa 560 1 New new JJ work_i5jewootsnhvrcvfsugrmdljaa 560 2 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 560 3 dt dt NN work_i5jewootsnhvrcvfsugrmdljaa 560 4 and and CC work_i5jewootsnhvrcvfsugrmdljaa 560 5 alter alter VB work_i5jewootsnhvrcvfsugrmdljaa 560 6 theΨ theΨ NNP work_i5jewootsnhvrcvfsugrmdljaa 560 7 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 560 8 t t VBP work_i5jewootsnhvrcvfsugrmdljaa 560 9 conditional conditional JJ work_i5jewootsnhvrcvfsugrmdljaa 560 10 probability probability NN work_i5jewootsnhvrcvfsugrmdljaa 560 11 of of IN work_i5jewootsnhvrcvfsugrmdljaa 560 12 the the DT work_i5jewootsnhvrcvfsugrmdljaa 560 13 agent agent NN work_i5jewootsnhvrcvfsugrmdljaa 560 14 , , , work_i5jewootsnhvrcvfsugrmdljaa 560 15 but but CC work_i5jewootsnhvrcvfsugrmdljaa 560 16 these these DT work_i5jewootsnhvrcvfsugrmdljaa 560 17 do do VBP work_i5jewootsnhvrcvfsugrmdljaa 560 18 not not RB work_i5jewootsnhvrcvfsugrmdljaa 560 19 change change VB work_i5jewootsnhvrcvfsugrmdljaa 560 20 the the DT work_i5jewootsnhvrcvfsugrmdljaa 560 21 dynamic dynamic JJ work_i5jewootsnhvrcvfsugrmdljaa 560 22 law law NN work_i5jewootsnhvrcvfsugrmdljaa 560 23 of of IN work_i5jewootsnhvrcvfsugrmdljaa 560 24 motion motion NN work_i5jewootsnhvrcvfsugrmdljaa 560 25 of of IN work_i5jewootsnhvrcvfsugrmdljaa 560 26 . . . work_i5jewootsnhvrcvfsugrmdljaa 561 1 g g NNP work_i5jewootsnhvrcvfsugrmdljaa 561 2 i i NNP work_i5jewootsnhvrcvfsugrmdljaa 561 3 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 561 4 4 4 CD work_i5jewootsnhvrcvfsugrmdljaa 561 5 . . . work_i5jewootsnhvrcvfsugrmdljaa 562 1 Contrasting contrast VBG work_i5jewootsnhvrcvfsugrmdljaa 562 2 the the DT work_i5jewootsnhvrcvfsugrmdljaa 562 3 Models Models NNPS work_i5jewootsnhvrcvfsugrmdljaa 562 4 : : : work_i5jewootsnhvrcvfsugrmdljaa 562 5 PI pi NN work_i5jewootsnhvrcvfsugrmdljaa 562 6 vs. vs. IN work_i5jewootsnhvrcvfsugrmdljaa 562 7 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 562 8 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 562 9 discussed discuss VBD work_i5jewootsnhvrcvfsugrmdljaa 562 10 in in IN work_i5jewootsnhvrcvfsugrmdljaa 562 11 Section section NN work_i5jewootsnhvrcvfsugrmdljaa 562 12 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 562 13 the the DT work_i5jewootsnhvrcvfsugrmdljaa 562 14 natural natural JJ work_i5jewootsnhvrcvfsugrmdljaa 562 15 objections objection NNS work_i5jewootsnhvrcvfsugrmdljaa 562 16 to to IN work_i5jewootsnhvrcvfsugrmdljaa 562 17 an an DT work_i5jewootsnhvrcvfsugrmdljaa 562 18 excessive excessive JJ work_i5jewootsnhvrcvfsugrmdljaa 562 19 use use NN work_i5jewootsnhvrcvfsugrmdljaa 562 20 of of IN work_i5jewootsnhvrcvfsugrmdljaa 562 21 the the DT work_i5jewootsnhvrcvfsugrmdljaa 562 22 assumption assumption NN work_i5jewootsnhvrcvfsugrmdljaa 562 23 of of IN work_i5jewootsnhvrcvfsugrmdljaa 562 24 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 562 25 . . . work_i5jewootsnhvrcvfsugrmdljaa 563 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 563 2 now now RB work_i5jewootsnhvrcvfsugrmdljaa 563 3 complete complete VBP work_i5jewootsnhvrcvfsugrmdljaa 563 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 563 5 comparison comparison NN work_i5jewootsnhvrcvfsugrmdljaa 563 6 between between IN work_i5jewootsnhvrcvfsugrmdljaa 563 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 563 8 two two CD work_i5jewootsnhvrcvfsugrmdljaa 563 9 theories theory NNS work_i5jewootsnhvrcvfsugrmdljaa 563 10 and and CC work_i5jewootsnhvrcvfsugrmdljaa 563 11 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 563 12 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 563 13 implications implication NNS work_i5jewootsnhvrcvfsugrmdljaa 563 14 based base VBN work_i5jewootsnhvrcvfsugrmdljaa 563 15 on on IN work_i5jewootsnhvrcvfsugrmdljaa 563 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 563 17 analytic analytic JJ work_i5jewootsnhvrcvfsugrmdljaa 563 18 results result NNS work_i5jewootsnhvrcvfsugrmdljaa 563 19 of of IN work_i5jewootsnhvrcvfsugrmdljaa 563 20 the the DT work_i5jewootsnhvrcvfsugrmdljaa 563 21 two two CD work_i5jewootsnhvrcvfsugrmdljaa 563 22 models model NNS work_i5jewootsnhvrcvfsugrmdljaa 563 23 . . . work_i5jewootsnhvrcvfsugrmdljaa 564 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 564 2 also also RB work_i5jewootsnhvrcvfsugrmdljaa 564 3 return return VBP work_i5jewootsnhvrcvfsugrmdljaa 564 4 to to IN work_i5jewootsnhvrcvfsugrmdljaa 564 5 the the DT work_i5jewootsnhvrcvfsugrmdljaa 564 6 notation notation NN work_i5jewootsnhvrcvfsugrmdljaa 564 7 of of IN work_i5jewootsnhvrcvfsugrmdljaa 564 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 564 9 earlier early JJR work_i5jewootsnhvrcvfsugrmdljaa 564 10 model model NN work_i5jewootsnhvrcvfsugrmdljaa 564 11 . . . work_i5jewootsnhvrcvfsugrmdljaa 565 1 4.1 4.1 CD work_i5jewootsnhvrcvfsugrmdljaa 565 2 Sharp sharp JJ work_i5jewootsnhvrcvfsugrmdljaa 565 3 Differences difference NNS work_i5jewootsnhvrcvfsugrmdljaa 565 4 in in IN work_i5jewootsnhvrcvfsugrmdljaa 565 5 Asset Asset NNP work_i5jewootsnhvrcvfsugrmdljaa 565 6 Pricing Pricing NNP work_i5jewootsnhvrcvfsugrmdljaa 565 7 Implications implication NNS work_i5jewootsnhvrcvfsugrmdljaa 565 8 The the DT work_i5jewootsnhvrcvfsugrmdljaa 565 9 striking strike VBG work_i5jewootsnhvrcvfsugrmdljaa 565 10 difference difference NN work_i5jewootsnhvrcvfsugrmdljaa 565 11 between between IN work_i5jewootsnhvrcvfsugrmdljaa 565 12 the the DT work_i5jewootsnhvrcvfsugrmdljaa 565 13 two two CD work_i5jewootsnhvrcvfsugrmdljaa 565 14 theories theory NNS work_i5jewootsnhvrcvfsugrmdljaa 565 15 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 565 16 revealed reveal VBN work_i5jewootsnhvrcvfsugrmdljaa 565 17 by by IN work_i5jewootsnhvrcvfsugrmdljaa 565 18 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 565 19 equilibrium equilibrium NN work_i5jewootsnhvrcvfsugrmdljaa 565 20 price price NN work_i5jewootsnhvrcvfsugrmdljaa 565 21 maps map NNS work_i5jewootsnhvrcvfsugrmdljaa 565 22 . . . work_i5jewootsnhvrcvfsugrmdljaa 566 1 Hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 566 2 they -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 566 3 lead lead VBP work_i5jewootsnhvrcvfsugrmdljaa 566 4 to to IN work_i5jewootsnhvrcvfsugrmdljaa 566 5 different different JJ work_i5jewootsnhvrcvfsugrmdljaa 566 6 characteristics characteristic NNS work_i5jewootsnhvrcvfsugrmdljaa 566 7 of of IN work_i5jewootsnhvrcvfsugrmdljaa 566 8 all all DT work_i5jewootsnhvrcvfsugrmdljaa 566 9 phenomena phenomenon NNS work_i5jewootsnhvrcvfsugrmdljaa 566 10 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 566 11 depend depend VBP work_i5jewootsnhvrcvfsugrmdljaa 566 12 upon upon IN work_i5jewootsnhvrcvfsugrmdljaa 566 13 price price NN work_i5jewootsnhvrcvfsugrmdljaa 566 14 dynamics dynamic NNS work_i5jewootsnhvrcvfsugrmdljaa 566 15 , , , work_i5jewootsnhvrcvfsugrmdljaa 566 16 such such JJ work_i5jewootsnhvrcvfsugrmdljaa 566 17 as as IN work_i5jewootsnhvrcvfsugrmdljaa 566 18 market market NN work_i5jewootsnhvrcvfsugrmdljaa 566 19 volatility volatility NN work_i5jewootsnhvrcvfsugrmdljaa 566 20 , , , work_i5jewootsnhvrcvfsugrmdljaa 566 21 risk risk NN work_i5jewootsnhvrcvfsugrmdljaa 566 22 premia premia NN work_i5jewootsnhvrcvfsugrmdljaa 566 23 , , , work_i5jewootsnhvrcvfsugrmdljaa 566 24 etc etc FW work_i5jewootsnhvrcvfsugrmdljaa 566 25 . . . work_i5jewootsnhvrcvfsugrmdljaa 567 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 567 2 thus thus RB work_i5jewootsnhvrcvfsugrmdljaa 567 3 examine examine VBP work_i5jewootsnhvrcvfsugrmdljaa 567 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 567 5 difference difference NN work_i5jewootsnhvrcvfsugrmdljaa 567 6 between between IN work_i5jewootsnhvrcvfsugrmdljaa 567 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 567 8 maps map NNS work_i5jewootsnhvrcvfsugrmdljaa 567 9 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 567 10 1a)-(1c 1a)-(1c CD work_i5jewootsnhvrcvfsugrmdljaa 567 11 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 567 12 under under IN work_i5jewootsnhvrcvfsugrmdljaa 567 13 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 567 14 and and CC work_i5jewootsnhvrcvfsugrmdljaa 567 15 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 567 16 21a)-(21d 21a)-(21d LS work_i5jewootsnhvrcvfsugrmdljaa 567 17 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 567 18 under under IN work_i5jewootsnhvrcvfsugrmdljaa 567 19 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 567 20 . . . work_i5jewootsnhvrcvfsugrmdljaa 568 1 Prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 568 2 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 568 3 1a)-(1c 1a)-(1c CD work_i5jewootsnhvrcvfsugrmdljaa 568 4 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 568 5 under under IN work_i5jewootsnhvrcvfsugrmdljaa 568 6 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 568 7 have have VBP work_i5jewootsnhvrcvfsugrmdljaa 568 8 infinite infinite JJ work_i5jewootsnhvrcvfsugrmdljaa 568 9 memory memory NN work_i5jewootsnhvrcvfsugrmdljaa 568 10 , , , work_i5jewootsnhvrcvfsugrmdljaa 568 11 a a DT work_i5jewootsnhvrcvfsugrmdljaa 568 12 generic generic JJ work_i5jewootsnhvrcvfsugrmdljaa 568 13 property property NN work_i5jewootsnhvrcvfsugrmdljaa 568 14 of of IN work_i5jewootsnhvrcvfsugrmdljaa 568 15 any any DT work_i5jewootsnhvrcvfsugrmdljaa 568 16 learning learning NN work_i5jewootsnhvrcvfsugrmdljaa 568 17 . . . work_i5jewootsnhvrcvfsugrmdljaa 569 1 This this DT work_i5jewootsnhvrcvfsugrmdljaa 569 2 follows follow VBZ work_i5jewootsnhvrcvfsugrmdljaa 569 3 from from IN work_i5jewootsnhvrcvfsugrmdljaa 569 4 a a DT work_i5jewootsnhvrcvfsugrmdljaa 569 5 theorem theorem NN work_i5jewootsnhvrcvfsugrmdljaa 569 6 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 569 7 says say VBZ work_i5jewootsnhvrcvfsugrmdljaa 569 8 that that IN work_i5jewootsnhvrcvfsugrmdljaa 569 9 if if IN work_i5jewootsnhvrcvfsugrmdljaa 569 10 some some DT work_i5jewootsnhvrcvfsugrmdljaa 569 11 components component NNS work_i5jewootsnhvrcvfsugrmdljaa 569 12 of of IN work_i5jewootsnhvrcvfsugrmdljaa 569 13 a a DT work_i5jewootsnhvrcvfsugrmdljaa 569 14 Markov Markov NNP work_i5jewootsnhvrcvfsugrmdljaa 569 15 process process NN work_i5jewootsnhvrcvfsugrmdljaa 569 16 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 569 17 unobserved unobserved JJ work_i5jewootsnhvrcvfsugrmdljaa 569 18 , , , work_i5jewootsnhvrcvfsugrmdljaa 569 19 the the DT work_i5jewootsnhvrcvfsugrmdljaa 569 20 process process NN work_i5jewootsnhvrcvfsugrmdljaa 569 21 without without IN work_i5jewootsnhvrcvfsugrmdljaa 569 22 full full JJ work_i5jewootsnhvrcvfsugrmdljaa 569 23 observability observability NN work_i5jewootsnhvrcvfsugrmdljaa 569 24 becomes become VBZ work_i5jewootsnhvrcvfsugrmdljaa 569 25 one one CD work_i5jewootsnhvrcvfsugrmdljaa 569 26 of of IN work_i5jewootsnhvrcvfsugrmdljaa 569 27 infinite infinite JJ work_i5jewootsnhvrcvfsugrmdljaa 569 28 memory11 memory11 NN work_i5jewootsnhvrcvfsugrmdljaa 569 29 . . . work_i5jewootsnhvrcvfsugrmdljaa 570 1 Since since IN work_i5jewootsnhvrcvfsugrmdljaa 570 2 learning learn VBG work_i5jewootsnhvrcvfsugrmdljaa 570 3 in in IN work_i5jewootsnhvrcvfsugrmdljaa 570 4 a a DT work_i5jewootsnhvrcvfsugrmdljaa 570 5 noisy noisy JJ work_i5jewootsnhvrcvfsugrmdljaa 570 6 REE ree NN work_i5jewootsnhvrcvfsugrmdljaa 570 7 with with IN work_i5jewootsnhvrcvfsugrmdljaa 570 8 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 570 9 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 570 10 driven drive VBN work_i5jewootsnhvrcvfsugrmdljaa 570 11 by by IN work_i5jewootsnhvrcvfsugrmdljaa 570 12 unobserved unobserved JJ work_i5jewootsnhvrcvfsugrmdljaa 570 13 supply supply NN work_i5jewootsnhvrcvfsugrmdljaa 570 14 shocks shock NNS work_i5jewootsnhvrcvfsugrmdljaa 570 15 , , , work_i5jewootsnhvrcvfsugrmdljaa 570 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 570 17 inference inference NN work_i5jewootsnhvrcvfsugrmdljaa 570 18 utilizes utilize VBZ work_i5jewootsnhvrcvfsugrmdljaa 570 19 all all DT work_i5jewootsnhvrcvfsugrmdljaa 570 20 past past JJ work_i5jewootsnhvrcvfsugrmdljaa 570 21 prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 570 22 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 570 23 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 570 24 31 31 CD work_i5jewootsnhvrcvfsugrmdljaa 570 25 proxies proxy NNS work_i5jewootsnhvrcvfsugrmdljaa 570 26 for for IN work_i5jewootsnhvrcvfsugrmdljaa 570 27 these these DT work_i5jewootsnhvrcvfsugrmdljaa 570 28 shocks shock NNS work_i5jewootsnhvrcvfsugrmdljaa 570 29 . . . work_i5jewootsnhvrcvfsugrmdljaa 571 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 571 2 infinite infinite JJ work_i5jewootsnhvrcvfsugrmdljaa 571 3 memory memory NN work_i5jewootsnhvrcvfsugrmdljaa 571 4 of of IN work_i5jewootsnhvrcvfsugrmdljaa 571 5 prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 571 6 arises arise VBZ work_i5jewootsnhvrcvfsugrmdljaa 571 7 despite despite IN work_i5jewootsnhvrcvfsugrmdljaa 571 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 571 9 fact fact NN work_i5jewootsnhvrcvfsugrmdljaa 571 10 that that IN work_i5jewootsnhvrcvfsugrmdljaa 571 11 the the DT work_i5jewootsnhvrcvfsugrmdljaa 571 12 exogenous exogenous JJ work_i5jewootsnhvrcvfsugrmdljaa 571 13 shocks shock NNS work_i5jewootsnhvrcvfsugrmdljaa 571 14 have have VBP work_i5jewootsnhvrcvfsugrmdljaa 571 15 no no DT work_i5jewootsnhvrcvfsugrmdljaa 571 16 memory memory NN work_i5jewootsnhvrcvfsugrmdljaa 571 17 at at RB work_i5jewootsnhvrcvfsugrmdljaa 571 18 all all RB work_i5jewootsnhvrcvfsugrmdljaa 571 19 . . . work_i5jewootsnhvrcvfsugrmdljaa 572 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 572 2 addition addition NN work_i5jewootsnhvrcvfsugrmdljaa 572 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 572 4 since since IN work_i5jewootsnhvrcvfsugrmdljaa 572 5 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 572 6 signals signal NNS work_i5jewootsnhvrcvfsugrmdljaa 572 7 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 572 8 independent independent JJ work_i5jewootsnhvrcvfsugrmdljaa 572 9 they -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 572 10 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 572 11 averaged average VBN work_i5jewootsnhvrcvfsugrmdljaa 572 12 out out RP work_i5jewootsnhvrcvfsugrmdljaa 572 13 and and CC work_i5jewootsnhvrcvfsugrmdljaa 572 14 the the DT work_i5jewootsnhvrcvfsugrmdljaa 572 15 average average JJ work_i5jewootsnhvrcvfsugrmdljaa 572 16 equals equal VBZ work_i5jewootsnhvrcvfsugrmdljaa 572 17 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 572 18 , , , work_i5jewootsnhvrcvfsugrmdljaa 572 19 the the DT work_i5jewootsnhvrcvfsugrmdljaa 572 20 true true JJ work_i5jewootsnhvrcvfsugrmdljaa 572 21 value value NN work_i5jewootsnhvrcvfsugrmdljaa 572 22 . . . work_i5jewootsnhvrcvfsugrmdljaa 573 1 Hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 573 2 under under IN work_i5jewootsnhvrcvfsugrmdljaa 573 3 PI pi NN work_i5jewootsnhvrcvfsugrmdljaa 573 4 price price NN work_i5jewootsnhvrcvfsugrmdljaa 573 5 dynamics dynamic NNS work_i5jewootsnhvrcvfsugrmdljaa 573 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 573 7 risk risk NN work_i5jewootsnhvrcvfsugrmdljaa 573 8 premia premia NN work_i5jewootsnhvrcvfsugrmdljaa 573 9 and and CC work_i5jewootsnhvrcvfsugrmdljaa 573 10 all all DT work_i5jewootsnhvrcvfsugrmdljaa 573 11 other other JJ work_i5jewootsnhvrcvfsugrmdljaa 573 12 endogenous endogenous JJ work_i5jewootsnhvrcvfsugrmdljaa 573 13 phenomena phenomenon NNS work_i5jewootsnhvrcvfsugrmdljaa 573 14 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 573 15 depend depend VBP work_i5jewootsnhvrcvfsugrmdljaa 573 16 upon upon IN work_i5jewootsnhvrcvfsugrmdljaa 573 17 prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 573 18 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 573 19 driven drive VBN work_i5jewootsnhvrcvfsugrmdljaa 573 20 only only RB work_i5jewootsnhvrcvfsugrmdljaa 573 21 by by IN work_i5jewootsnhvrcvfsugrmdljaa 573 22 market market NN work_i5jewootsnhvrcvfsugrmdljaa 573 23 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 573 24 fundamentals fundamental NNS work_i5jewootsnhvrcvfsugrmdljaa 573 25 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 573 26 : : : work_i5jewootsnhvrcvfsugrmdljaa 573 27 changes change NNS work_i5jewootsnhvrcvfsugrmdljaa 573 28 in in IN work_i5jewootsnhvrcvfsugrmdljaa 573 29 Qt Qt NNP work_i5jewootsnhvrcvfsugrmdljaa 573 30 and and CC work_i5jewootsnhvrcvfsugrmdljaa 573 31 past past JJ work_i5jewootsnhvrcvfsugrmdljaa 573 32 supply supply NN work_i5jewootsnhvrcvfsugrmdljaa 573 33 shocks shock NNS work_i5jewootsnhvrcvfsugrmdljaa 573 34 , , , work_i5jewootsnhvrcvfsugrmdljaa 573 35 all all DT work_i5jewootsnhvrcvfsugrmdljaa 573 36 of of IN work_i5jewootsnhvrcvfsugrmdljaa 573 37 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 573 38 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 573 39 unobservable unobservable JJ work_i5jewootsnhvrcvfsugrmdljaa 573 40 . . . work_i5jewootsnhvrcvfsugrmdljaa 574 1 Indeed indeed RB work_i5jewootsnhvrcvfsugrmdljaa 574 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 574 3 noisy noisy JJ work_i5jewootsnhvrcvfsugrmdljaa 574 4 REES REES NNP work_i5jewootsnhvrcvfsugrmdljaa 574 5 t t NN work_i5jewootsnhvrcvfsugrmdljaa 574 6 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 574 7 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 574 8 S1 s1 UH work_i5jewootsnhvrcvfsugrmdljaa 574 9 , , , work_i5jewootsnhvrcvfsugrmdljaa 574 10 S2 S2 NNP work_i5jewootsnhvrcvfsugrmdljaa 574 11 , , , work_i5jewootsnhvrcvfsugrmdljaa 574 12 . . . work_i5jewootsnhvrcvfsugrmdljaa 575 1 . . . work_i5jewootsnhvrcvfsugrmdljaa 576 1 . . . work_i5jewootsnhvrcvfsugrmdljaa 577 1 , , , work_i5jewootsnhvrcvfsugrmdljaa 577 2 St St NNP work_i5jewootsnhvrcvfsugrmdljaa 577 3 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 577 4 under under IN work_i5jewootsnhvrcvfsugrmdljaa 577 5 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 577 6 leads lead VBZ work_i5jewootsnhvrcvfsugrmdljaa 577 7 to to IN work_i5jewootsnhvrcvfsugrmdljaa 577 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 577 9 peculiar peculiar JJ work_i5jewootsnhvrcvfsugrmdljaa 577 10 result result NN work_i5jewootsnhvrcvfsugrmdljaa 577 11 that that IN work_i5jewootsnhvrcvfsugrmdljaa 577 12 prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 577 13 depend depend VBP work_i5jewootsnhvrcvfsugrmdljaa 577 14 on on IN work_i5jewootsnhvrcvfsugrmdljaa 577 15 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 577 16 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 577 17 nobody nobody NN work_i5jewootsnhvrcvfsugrmdljaa 577 18 observes observe VBZ work_i5jewootsnhvrcvfsugrmdljaa 577 19 . . . work_i5jewootsnhvrcvfsugrmdljaa 578 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 578 2 contrast contrast NN work_i5jewootsnhvrcvfsugrmdljaa 578 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 578 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 578 5 asset asset NN work_i5jewootsnhvrcvfsugrmdljaa 578 6 pricing pricing NN work_i5jewootsnhvrcvfsugrmdljaa 578 7 theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 578 8 under under IN work_i5jewootsnhvrcvfsugrmdljaa 578 9 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 578 10 leads lead VBZ work_i5jewootsnhvrcvfsugrmdljaa 578 11 to to IN work_i5jewootsnhvrcvfsugrmdljaa 578 12 an an DT work_i5jewootsnhvrcvfsugrmdljaa 578 13 invariant invariant JJ work_i5jewootsnhvrcvfsugrmdljaa 578 14 price price NN work_i5jewootsnhvrcvfsugrmdljaa 578 15 map map NN work_i5jewootsnhvrcvfsugrmdljaa 578 16 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 578 17 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 578 18 defined define VBN work_i5jewootsnhvrcvfsugrmdljaa 578 19 over over IN work_i5jewootsnhvrcvfsugrmdljaa 578 20 the the DT work_i5jewootsnhvrcvfsugrmdljaa 578 21 economy economy NN work_i5jewootsnhvrcvfsugrmdljaa 578 22 ’s ’s POS work_i5jewootsnhvrcvfsugrmdljaa 578 23 state state NN work_i5jewootsnhvrcvfsugrmdljaa 578 24 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 578 25 , , , work_i5jewootsnhvrcvfsugrmdljaa 578 26 including include VBG work_i5jewootsnhvrcvfsugrmdljaa 578 27 the the DT work_i5jewootsnhvrcvfsugrmdljaa 578 28 market market NN work_i5jewootsnhvrcvfsugrmdljaa 578 29 state state NN work_i5jewootsnhvrcvfsugrmdljaa 578 30 of of IN work_i5jewootsnhvrcvfsugrmdljaa 578 31 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 578 32 , , , work_i5jewootsnhvrcvfsugrmdljaa 578 33 all all DT work_i5jewootsnhvrcvfsugrmdljaa 578 34 of of IN work_i5jewootsnhvrcvfsugrmdljaa 578 35 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 578 36 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 578 37 observable observable JJ work_i5jewootsnhvrcvfsugrmdljaa 578 38 . . . work_i5jewootsnhvrcvfsugrmdljaa 579 1 Hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 579 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 579 3 the the DT work_i5jewootsnhvrcvfsugrmdljaa 579 4 pricing pricing NN work_i5jewootsnhvrcvfsugrmdljaa 579 5 process process NN work_i5jewootsnhvrcvfsugrmdljaa 579 6 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 579 7 non non JJ work_i5jewootsnhvrcvfsugrmdljaa 579 8 - - JJ work_i5jewootsnhvrcvfsugrmdljaa 579 9 stationary stationary JJ work_i5jewootsnhvrcvfsugrmdljaa 579 10 only only RB work_i5jewootsnhvrcvfsugrmdljaa 579 11 to to IN work_i5jewootsnhvrcvfsugrmdljaa 579 12 the the DT work_i5jewootsnhvrcvfsugrmdljaa 579 13 extent extent NN work_i5jewootsnhvrcvfsugrmdljaa 579 14 that that IN work_i5jewootsnhvrcvfsugrmdljaa 579 15 state state NN work_i5jewootsnhvrcvfsugrmdljaa 579 16 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 579 17 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 579 18 non non JJ work_i5jewootsnhvrcvfsugrmdljaa 579 19 stationary stationary JJ work_i5jewootsnhvrcvfsugrmdljaa 579 20 . . . work_i5jewootsnhvrcvfsugrmdljaa 580 1 Under under IN work_i5jewootsnhvrcvfsugrmdljaa 580 2 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 580 3 the the DT work_i5jewootsnhvrcvfsugrmdljaa 580 4 price price NN work_i5jewootsnhvrcvfsugrmdljaa 580 5 does do VBZ work_i5jewootsnhvrcvfsugrmdljaa 580 6 not not RB work_i5jewootsnhvrcvfsugrmdljaa 580 7 reflect reflect VB work_i5jewootsnhvrcvfsugrmdljaa 580 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 580 9 unknown unknown JJ work_i5jewootsnhvrcvfsugrmdljaa 580 10 intrinsic intrinsic JJ work_i5jewootsnhvrcvfsugrmdljaa 580 11 value value NN work_i5jewootsnhvrcvfsugrmdljaa 580 12 of of IN work_i5jewootsnhvrcvfsugrmdljaa 580 13 the the DT work_i5jewootsnhvrcvfsugrmdljaa 580 14 object object NN work_i5jewootsnhvrcvfsugrmdljaa 580 15 since since IN work_i5jewootsnhvrcvfsugrmdljaa 580 16 no no DT work_i5jewootsnhvrcvfsugrmdljaa 580 17 one one NN work_i5jewootsnhvrcvfsugrmdljaa 580 18 knows know VBZ work_i5jewootsnhvrcvfsugrmdljaa 580 19 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 580 20 and and CC work_i5jewootsnhvrcvfsugrmdljaa 580 21 pt pt VB work_i5jewootsnhvrcvfsugrmdljaa 580 22 forever forever RB work_i5jewootsnhvrcvfsugrmdljaa 580 23 fluctuate fluctuate VB work_i5jewootsnhvrcvfsugrmdljaa 580 24 around around RP work_i5jewootsnhvrcvfsugrmdljaa 580 25 their -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 580 26 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 580 27 fundamental fundamental JJ work_i5jewootsnhvrcvfsugrmdljaa 580 28 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 580 29 values value NNS work_i5jewootsnhvrcvfsugrmdljaa 580 30 . . . work_i5jewootsnhvrcvfsugrmdljaa 581 1 But but CC work_i5jewootsnhvrcvfsugrmdljaa 581 2 there there EX work_i5jewootsnhvrcvfsugrmdljaa 581 3 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 581 4 a a DT work_i5jewootsnhvrcvfsugrmdljaa 581 5 deeper deep JJR work_i5jewootsnhvrcvfsugrmdljaa 581 6 principle principle NN work_i5jewootsnhvrcvfsugrmdljaa 581 7 involved involve VBN work_i5jewootsnhvrcvfsugrmdljaa 581 8 here here RB work_i5jewootsnhvrcvfsugrmdljaa 581 9 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 581 10 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 581 11 orthogonal orthogonal JJ work_i5jewootsnhvrcvfsugrmdljaa 581 12 to to IN work_i5jewootsnhvrcvfsugrmdljaa 581 13 any any DT work_i5jewootsnhvrcvfsugrmdljaa 581 14 Rational Rational NNP work_i5jewootsnhvrcvfsugrmdljaa 581 15 Expectations Expectations NNPS work_i5jewootsnhvrcvfsugrmdljaa 581 16 thinking think VBG work_i5jewootsnhvrcvfsugrmdljaa 581 17 . . . work_i5jewootsnhvrcvfsugrmdljaa 582 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 582 2 a a DT work_i5jewootsnhvrcvfsugrmdljaa 582 3 market market NN work_i5jewootsnhvrcvfsugrmdljaa 582 4 with with IN work_i5jewootsnhvrcvfsugrmdljaa 582 5 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 582 6 agents agent NNS work_i5jewootsnhvrcvfsugrmdljaa 582 7 never never RB work_i5jewootsnhvrcvfsugrmdljaa 582 8 learn learn VBP work_i5jewootsnhvrcvfsugrmdljaa 582 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 582 10 true true JJ work_i5jewootsnhvrcvfsugrmdljaa 582 11 structure structure NN work_i5jewootsnhvrcvfsugrmdljaa 582 12 of of IN work_i5jewootsnhvrcvfsugrmdljaa 582 13 the the DT work_i5jewootsnhvrcvfsugrmdljaa 582 14 economy economy NN work_i5jewootsnhvrcvfsugrmdljaa 582 15 and and CC work_i5jewootsnhvrcvfsugrmdljaa 582 16 this this DT work_i5jewootsnhvrcvfsugrmdljaa 582 17 leads lead VBZ work_i5jewootsnhvrcvfsugrmdljaa 582 18 to to IN work_i5jewootsnhvrcvfsugrmdljaa 582 19 a a DT work_i5jewootsnhvrcvfsugrmdljaa 582 20 simple simple JJ work_i5jewootsnhvrcvfsugrmdljaa 582 21 principle principle NN work_i5jewootsnhvrcvfsugrmdljaa 582 22 . . . work_i5jewootsnhvrcvfsugrmdljaa 583 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 583 2 an an DT work_i5jewootsnhvrcvfsugrmdljaa 583 3 equilibrium equilibrium NN work_i5jewootsnhvrcvfsugrmdljaa 583 4 with with IN work_i5jewootsnhvrcvfsugrmdljaa 583 5 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 583 6 there there EX work_i5jewootsnhvrcvfsugrmdljaa 583 7 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 583 8 one one CD work_i5jewootsnhvrcvfsugrmdljaa 583 9 true true JJ work_i5jewootsnhvrcvfsugrmdljaa 583 10 stochastic stochastic JJ work_i5jewootsnhvrcvfsugrmdljaa 583 11 law law NN work_i5jewootsnhvrcvfsugrmdljaa 583 12 of of IN work_i5jewootsnhvrcvfsugrmdljaa 583 13 motion motion NN work_i5jewootsnhvrcvfsugrmdljaa 583 14 of of IN work_i5jewootsnhvrcvfsugrmdljaa 583 15 state state NN work_i5jewootsnhvrcvfsugrmdljaa 583 16 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 583 17 but but CC work_i5jewootsnhvrcvfsugrmdljaa 583 18 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 583 19 hold hold VBP work_i5jewootsnhvrcvfsugrmdljaa 583 20 diverse diverse JJ work_i5jewootsnhvrcvfsugrmdljaa 583 21 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 583 22 about about IN work_i5jewootsnhvrcvfsugrmdljaa 583 23 this this DT work_i5jewootsnhvrcvfsugrmdljaa 583 24 dynamics dynamic NNS work_i5jewootsnhvrcvfsugrmdljaa 583 25 . . . work_i5jewootsnhvrcvfsugrmdljaa 584 1 Hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 584 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 584 3 most most JJS work_i5jewootsnhvrcvfsugrmdljaa 584 4 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 584 5 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 584 6 wrong wrong JJ work_i5jewootsnhvrcvfsugrmdljaa 584 7 most most JJS work_i5jewootsnhvrcvfsugrmdljaa 584 8 of of IN work_i5jewootsnhvrcvfsugrmdljaa 584 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 584 10 time time NN work_i5jewootsnhvrcvfsugrmdljaa 584 11 . . . work_i5jewootsnhvrcvfsugrmdljaa 585 1 Hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 585 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 585 3 under under IN work_i5jewootsnhvrcvfsugrmdljaa 585 4 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 585 5 prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 585 6 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 585 7 determined determine VBN work_i5jewootsnhvrcvfsugrmdljaa 585 8 by by IN work_i5jewootsnhvrcvfsugrmdljaa 585 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 585 10 distribution distribution NN work_i5jewootsnhvrcvfsugrmdljaa 585 11 of of IN work_i5jewootsnhvrcvfsugrmdljaa 585 12 forecasting forecasting NN work_i5jewootsnhvrcvfsugrmdljaa 585 13 mistakes mistake NNS work_i5jewootsnhvrcvfsugrmdljaa 585 14 of of IN work_i5jewootsnhvrcvfsugrmdljaa 585 15 the the DT work_i5jewootsnhvrcvfsugrmdljaa 585 16 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 585 17 . . . work_i5jewootsnhvrcvfsugrmdljaa 586 1 Indeed indeed RB work_i5jewootsnhvrcvfsugrmdljaa 586 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 586 3 prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 586 4 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 586 5 functions function NNS work_i5jewootsnhvrcvfsugrmdljaa 586 6 of of IN work_i5jewootsnhvrcvfsugrmdljaa 586 7 both both CC work_i5jewootsnhvrcvfsugrmdljaa 586 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 586 9 observed observe VBN work_i5jewootsnhvrcvfsugrmdljaa 586 10 exogenous exogenous JJ work_i5jewootsnhvrcvfsugrmdljaa 586 11 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 586 12 as as RB work_i5jewootsnhvrcvfsugrmdljaa 586 13 well well RB work_i5jewootsnhvrcvfsugrmdljaa 586 14 as as IN work_i5jewootsnhvrcvfsugrmdljaa 586 15 the the DT work_i5jewootsnhvrcvfsugrmdljaa 586 16 market market NN work_i5jewootsnhvrcvfsugrmdljaa 586 17 ’s ’s POS work_i5jewootsnhvrcvfsugrmdljaa 586 18 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 586 19 about about IN work_i5jewootsnhvrcvfsugrmdljaa 586 20 the the DT work_i5jewootsnhvrcvfsugrmdljaa 586 21 future future NN work_i5jewootsnhvrcvfsugrmdljaa 586 22 . . . work_i5jewootsnhvrcvfsugrmdljaa 587 1 But but CC work_i5jewootsnhvrcvfsugrmdljaa 587 2 the the DT work_i5jewootsnhvrcvfsugrmdljaa 587 3 market market NN work_i5jewootsnhvrcvfsugrmdljaa 587 4 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 587 5 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 587 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 587 7 aggregation aggregation NN work_i5jewootsnhvrcvfsugrmdljaa 587 8 of of IN work_i5jewootsnhvrcvfsugrmdljaa 587 9 individual individual JJ work_i5jewootsnhvrcvfsugrmdljaa 587 10 assessments assessment NNS work_i5jewootsnhvrcvfsugrmdljaa 587 11 , , , work_i5jewootsnhvrcvfsugrmdljaa 587 12 including include VBG work_i5jewootsnhvrcvfsugrmdljaa 587 13 all all DT work_i5jewootsnhvrcvfsugrmdljaa 587 14 mistaken mistaken JJ work_i5jewootsnhvrcvfsugrmdljaa 587 15 assessments assessment NNS work_i5jewootsnhvrcvfsugrmdljaa 587 16 . . . work_i5jewootsnhvrcvfsugrmdljaa 588 1 As as IN work_i5jewootsnhvrcvfsugrmdljaa 588 2 a a DT work_i5jewootsnhvrcvfsugrmdljaa 588 3 result result NN work_i5jewootsnhvrcvfsugrmdljaa 588 4 , , , work_i5jewootsnhvrcvfsugrmdljaa 588 5 under under IN work_i5jewootsnhvrcvfsugrmdljaa 588 6 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 588 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 588 8 price price NN work_i5jewootsnhvrcvfsugrmdljaa 588 9 space space NN work_i5jewootsnhvrcvfsugrmdljaa 588 10 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 588 11 larger large JJR work_i5jewootsnhvrcvfsugrmdljaa 588 12 than than IN work_i5jewootsnhvrcvfsugrmdljaa 588 13 under under IN work_i5jewootsnhvrcvfsugrmdljaa 588 14 PI pi NN work_i5jewootsnhvrcvfsugrmdljaa 588 15 and and CC work_i5jewootsnhvrcvfsugrmdljaa 588 16 price price NN work_i5jewootsnhvrcvfsugrmdljaa 588 17 volatility volatility NN work_i5jewootsnhvrcvfsugrmdljaa 588 18 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 588 19 greater great JJR work_i5jewootsnhvrcvfsugrmdljaa 588 20 than than IN work_i5jewootsnhvrcvfsugrmdljaa 588 21 the the DT work_i5jewootsnhvrcvfsugrmdljaa 588 22 volatility volatility NN work_i5jewootsnhvrcvfsugrmdljaa 588 23 implied imply VBN work_i5jewootsnhvrcvfsugrmdljaa 588 24 by by IN work_i5jewootsnhvrcvfsugrmdljaa 588 25 exogenous exogenous JJ work_i5jewootsnhvrcvfsugrmdljaa 588 26 shocks shock NNS work_i5jewootsnhvrcvfsugrmdljaa 588 27 . . . work_i5jewootsnhvrcvfsugrmdljaa 589 1 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 589 2 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 589 3 1974 1974 CD work_i5jewootsnhvrcvfsugrmdljaa 589 4 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 589 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 589 6 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 589 7 1997a 1997a LS work_i5jewootsnhvrcvfsugrmdljaa 589 8 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 589 9 and and CC work_i5jewootsnhvrcvfsugrmdljaa 589 10 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 589 11 and and CC work_i5jewootsnhvrcvfsugrmdljaa 589 12 Wu Wu NNP work_i5jewootsnhvrcvfsugrmdljaa 589 13 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 589 14 1996 1996 CD work_i5jewootsnhvrcvfsugrmdljaa 589 15 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 589 16 call call VB work_i5jewootsnhvrcvfsugrmdljaa 589 17 this this DT work_i5jewootsnhvrcvfsugrmdljaa 589 18 component component NN work_i5jewootsnhvrcvfsugrmdljaa 589 19 of of IN work_i5jewootsnhvrcvfsugrmdljaa 589 20 market market NN work_i5jewootsnhvrcvfsugrmdljaa 589 21 risk risk NN work_i5jewootsnhvrcvfsugrmdljaa 589 22 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 589 23 Endogenous Endogenous NNP work_i5jewootsnhvrcvfsugrmdljaa 589 24 Uncertainty Uncertainty NNP work_i5jewootsnhvrcvfsugrmdljaa 589 25 . . . work_i5jewootsnhvrcvfsugrmdljaa 589 26 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 589 27 Samuelson Samuelson NNP work_i5jewootsnhvrcvfsugrmdljaa 589 28 expressed express VBD work_i5jewootsnhvrcvfsugrmdljaa 589 29 the the DT work_i5jewootsnhvrcvfsugrmdljaa 589 30 intuition intuition NN work_i5jewootsnhvrcvfsugrmdljaa 589 31 of of IN work_i5jewootsnhvrcvfsugrmdljaa 589 32 this this DT work_i5jewootsnhvrcvfsugrmdljaa 589 33 formal formal JJ work_i5jewootsnhvrcvfsugrmdljaa 589 34 result result NN work_i5jewootsnhvrcvfsugrmdljaa 589 35 by by IN work_i5jewootsnhvrcvfsugrmdljaa 589 36 noting note VBG work_i5jewootsnhvrcvfsugrmdljaa 589 37 that that IN work_i5jewootsnhvrcvfsugrmdljaa 589 38 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 589 39 the the DT work_i5jewootsnhvrcvfsugrmdljaa 589 40 market market NN work_i5jewootsnhvrcvfsugrmdljaa 589 41 has have VBZ work_i5jewootsnhvrcvfsugrmdljaa 589 42 predicted predict VBN work_i5jewootsnhvrcvfsugrmdljaa 589 43 ten ten CD work_i5jewootsnhvrcvfsugrmdljaa 589 44 of of IN work_i5jewootsnhvrcvfsugrmdljaa 589 45 the the DT work_i5jewootsnhvrcvfsugrmdljaa 589 46 last last JJ work_i5jewootsnhvrcvfsugrmdljaa 589 47 six six CD work_i5jewootsnhvrcvfsugrmdljaa 589 48 recession recession NN work_i5jewootsnhvrcvfsugrmdljaa 589 49 . . . work_i5jewootsnhvrcvfsugrmdljaa 589 50 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 589 51 Recall recall NN work_i5jewootsnhvrcvfsugrmdljaa 589 52 under under IN work_i5jewootsnhvrcvfsugrmdljaa 589 53 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 589 54 agents agent NNS work_i5jewootsnhvrcvfsugrmdljaa 589 55 do do VBP work_i5jewootsnhvrcvfsugrmdljaa 589 56 all all PDT work_i5jewootsnhvrcvfsugrmdljaa 589 57 the the DT work_i5jewootsnhvrcvfsugrmdljaa 589 58 learning learning NN work_i5jewootsnhvrcvfsugrmdljaa 589 59 they -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 589 60 can can MD work_i5jewootsnhvrcvfsugrmdljaa 589 61 from from IN work_i5jewootsnhvrcvfsugrmdljaa 589 62 past past JJ work_i5jewootsnhvrcvfsugrmdljaa 589 63 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 589 64 and and CC work_i5jewootsnhvrcvfsugrmdljaa 589 65 past past JJ work_i5jewootsnhvrcvfsugrmdljaa 589 66 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 589 67 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 589 68 ample ample JJ work_i5jewootsnhvrcvfsugrmdljaa 589 69 , , , work_i5jewootsnhvrcvfsugrmdljaa 589 70 hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 589 71 both both DT work_i5jewootsnhvrcvfsugrmdljaa 589 72 heterogeneity heterogeneity NN work_i5jewootsnhvrcvfsugrmdljaa 589 73 and and CC work_i5jewootsnhvrcvfsugrmdljaa 589 74 price price NN work_i5jewootsnhvrcvfsugrmdljaa 589 75 volatility volatility NN work_i5jewootsnhvrcvfsugrmdljaa 589 76 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 589 77 persistent persistent JJ work_i5jewootsnhvrcvfsugrmdljaa 589 78 . . . work_i5jewootsnhvrcvfsugrmdljaa 590 1 4.2 4.2 CD work_i5jewootsnhvrcvfsugrmdljaa 590 2 Difference difference NN work_i5jewootsnhvrcvfsugrmdljaa 590 3 in in IN work_i5jewootsnhvrcvfsugrmdljaa 590 4 Beauty Beauty NNP work_i5jewootsnhvrcvfsugrmdljaa 590 5 Contest Contest NNP work_i5jewootsnhvrcvfsugrmdljaa 590 6 Implications implication NNS work_i5jewootsnhvrcvfsugrmdljaa 590 7 A a DT work_i5jewootsnhvrcvfsugrmdljaa 590 8 great great JJ work_i5jewootsnhvrcvfsugrmdljaa 590 9 deal deal NN work_i5jewootsnhvrcvfsugrmdljaa 590 10 has have VBZ work_i5jewootsnhvrcvfsugrmdljaa 590 11 been be VBN work_i5jewootsnhvrcvfsugrmdljaa 590 12 written write VBN work_i5jewootsnhvrcvfsugrmdljaa 590 13 about about IN work_i5jewootsnhvrcvfsugrmdljaa 590 14 the the DT work_i5jewootsnhvrcvfsugrmdljaa 590 15 Keynesian keynesian JJ work_i5jewootsnhvrcvfsugrmdljaa 590 16 Beauty Beauty NNP work_i5jewootsnhvrcvfsugrmdljaa 590 17 Contest Contest NNP work_i5jewootsnhvrcvfsugrmdljaa 590 18 metaphor metaphor NN work_i5jewootsnhvrcvfsugrmdljaa 590 19 . . . work_i5jewootsnhvrcvfsugrmdljaa 591 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 591 2 the the DT work_i5jewootsnhvrcvfsugrmdljaa 591 3 context context NN work_i5jewootsnhvrcvfsugrmdljaa 591 4 of of IN work_i5jewootsnhvrcvfsugrmdljaa 591 5 the the DT work_i5jewootsnhvrcvfsugrmdljaa 591 6 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 591 7 model model NN work_i5jewootsnhvrcvfsugrmdljaa 591 8 with with IN work_i5jewootsnhvrcvfsugrmdljaa 591 9 N N NNP work_i5jewootsnhvrcvfsugrmdljaa 591 10 rounds round NNS work_i5jewootsnhvrcvfsugrmdljaa 591 11 of of IN work_i5jewootsnhvrcvfsugrmdljaa 591 12 trading trading NN work_i5jewootsnhvrcvfsugrmdljaa 591 13 one one PRP work_i5jewootsnhvrcvfsugrmdljaa 591 14 can can MD work_i5jewootsnhvrcvfsugrmdljaa 591 15 rewrite rewrite VB work_i5jewootsnhvrcvfsugrmdljaa 591 16 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 591 17 1c 1c CD work_i5jewootsnhvrcvfsugrmdljaa 591 18 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 591 19 in in IN work_i5jewootsnhvrcvfsugrmdljaa 591 20 the the DT work_i5jewootsnhvrcvfsugrmdljaa 591 21 form form NN work_i5jewootsnhvrcvfsugrmdljaa 591 22 p1 p1 NN work_i5jewootsnhvrcvfsugrmdljaa 591 23 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 591 24 Ē1Ē2 ē1ē2 ADD work_i5jewootsnhvrcvfsugrmdljaa 591 25 . . . work_i5jewootsnhvrcvfsugrmdljaa 592 1 . . . work_i5jewootsnhvrcvfsugrmdljaa 593 1 . . . work_i5jewootsnhvrcvfsugrmdljaa 594 1 ĒN ĒN NNP work_i5jewootsnhvrcvfsugrmdljaa 594 2 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 594 3 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 594 4 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 594 5 & & CC work_i5jewootsnhvrcvfsugrmdljaa 594 6 Var1 Var1 NNP work_i5jewootsnhvrcvfsugrmdljaa 594 7 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 594 8 p2 p2 NNP work_i5jewootsnhvrcvfsugrmdljaa 594 9 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 594 10 τ τ NNP work_i5jewootsnhvrcvfsugrmdljaa 594 11 S1 S1 NNP work_i5jewootsnhvrcvfsugrmdljaa 594 12 Allen Allen NNP work_i5jewootsnhvrcvfsugrmdljaa 594 13 , , , work_i5jewootsnhvrcvfsugrmdljaa 594 14 Morris Morris NNP work_i5jewootsnhvrcvfsugrmdljaa 594 15 and and CC work_i5jewootsnhvrcvfsugrmdljaa 594 16 Shin Shin NNP work_i5jewootsnhvrcvfsugrmdljaa 594 17 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 594 18 2003 2003 CD work_i5jewootsnhvrcvfsugrmdljaa 594 19 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 594 20 associate associate NN work_i5jewootsnhvrcvfsugrmdljaa 594 21 this this DT work_i5jewootsnhvrcvfsugrmdljaa 594 22 equation equation NN work_i5jewootsnhvrcvfsugrmdljaa 594 23 with with IN work_i5jewootsnhvrcvfsugrmdljaa 594 24 the the DT work_i5jewootsnhvrcvfsugrmdljaa 594 25 Beauty Beauty NNP work_i5jewootsnhvrcvfsugrmdljaa 594 26 Contest Contest NNP work_i5jewootsnhvrcvfsugrmdljaa 594 27 since since IN work_i5jewootsnhvrcvfsugrmdljaa 594 28 in in IN work_i5jewootsnhvrcvfsugrmdljaa 594 29 a a DT work_i5jewootsnhvrcvfsugrmdljaa 594 30 noisy noisy JJ work_i5jewootsnhvrcvfsugrmdljaa 594 31 REE ree NN work_i5jewootsnhvrcvfsugrmdljaa 594 32 the the DT work_i5jewootsnhvrcvfsugrmdljaa 594 33 price price NN work_i5jewootsnhvrcvfsugrmdljaa 594 34 today today NN work_i5jewootsnhvrcvfsugrmdljaa 594 35 reflects reflect VBZ work_i5jewootsnhvrcvfsugrmdljaa 594 36 tomorrow tomorrow NN work_i5jewootsnhvrcvfsugrmdljaa 594 37 ’s ’s , work_i5jewootsnhvrcvfsugrmdljaa 594 38 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 594 39 i.e. i.e. FW work_i5jewootsnhvrcvfsugrmdljaa 595 1 next next JJ work_i5jewootsnhvrcvfsugrmdljaa 595 2 round round NN work_i5jewootsnhvrcvfsugrmdljaa 595 3 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 595 4 average average JJ work_i5jewootsnhvrcvfsugrmdljaa 595 5 market market NN work_i5jewootsnhvrcvfsugrmdljaa 595 6 forecast forecast NN work_i5jewootsnhvrcvfsugrmdljaa 595 7 of of IN work_i5jewootsnhvrcvfsugrmdljaa 595 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 595 9 fundamental fundamental JJ work_i5jewootsnhvrcvfsugrmdljaa 595 10 value value NN work_i5jewootsnhvrcvfsugrmdljaa 595 11 Q. Q. NNP work_i5jewootsnhvrcvfsugrmdljaa 596 1 32 32 CD work_i5jewootsnhvrcvfsugrmdljaa 596 2 This this DT work_i5jewootsnhvrcvfsugrmdljaa 596 3 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 596 4 much much RB work_i5jewootsnhvrcvfsugrmdljaa 596 5 too too RB work_i5jewootsnhvrcvfsugrmdljaa 596 6 narrow narrow JJ work_i5jewootsnhvrcvfsugrmdljaa 596 7 interpretation interpretation NN work_i5jewootsnhvrcvfsugrmdljaa 596 8 of of IN work_i5jewootsnhvrcvfsugrmdljaa 596 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 596 10 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 596 11 Beauty Beauty NNP work_i5jewootsnhvrcvfsugrmdljaa 596 12 Contest Contest NNP work_i5jewootsnhvrcvfsugrmdljaa 596 13 . . . work_i5jewootsnhvrcvfsugrmdljaa 596 14 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 596 15 An an DT work_i5jewootsnhvrcvfsugrmdljaa 596 16 examination examination NN work_i5jewootsnhvrcvfsugrmdljaa 596 17 of of IN work_i5jewootsnhvrcvfsugrmdljaa 596 18 this this DT work_i5jewootsnhvrcvfsugrmdljaa 596 19 idea idea NN work_i5jewootsnhvrcvfsugrmdljaa 596 20 , , , work_i5jewootsnhvrcvfsugrmdljaa 596 21 as as IN work_i5jewootsnhvrcvfsugrmdljaa 596 22 explained explain VBN work_i5jewootsnhvrcvfsugrmdljaa 596 23 by by IN work_i5jewootsnhvrcvfsugrmdljaa 596 24 Keynes Keynes NNP work_i5jewootsnhvrcvfsugrmdljaa 596 25 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 596 26 see see VB work_i5jewootsnhvrcvfsugrmdljaa 596 27 Keynes Keynes NNP work_i5jewootsnhvrcvfsugrmdljaa 596 28 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 596 29 1936 1936 CD work_i5jewootsnhvrcvfsugrmdljaa 596 30 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 596 31 , , , work_i5jewootsnhvrcvfsugrmdljaa 596 32 page page NN work_i5jewootsnhvrcvfsugrmdljaa 596 33 156 156 CD work_i5jewootsnhvrcvfsugrmdljaa 596 34 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 596 35 , , , work_i5jewootsnhvrcvfsugrmdljaa 596 36 shows show VBZ work_i5jewootsnhvrcvfsugrmdljaa 596 37 that that IN work_i5jewootsnhvrcvfsugrmdljaa 596 38 the the DT work_i5jewootsnhvrcvfsugrmdljaa 596 39 crux crux NN work_i5jewootsnhvrcvfsugrmdljaa 596 40 of of IN work_i5jewootsnhvrcvfsugrmdljaa 596 41 Keynes Keynes NNP work_i5jewootsnhvrcvfsugrmdljaa 596 42 ’s ’s POS work_i5jewootsnhvrcvfsugrmdljaa 596 43 conception conception NN work_i5jewootsnhvrcvfsugrmdljaa 596 44 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 596 45 that that IN work_i5jewootsnhvrcvfsugrmdljaa 596 46 there there EX work_i5jewootsnhvrcvfsugrmdljaa 596 47 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 596 48 little little JJ work_i5jewootsnhvrcvfsugrmdljaa 596 49 merit merit NN work_i5jewootsnhvrcvfsugrmdljaa 596 50 in in IN work_i5jewootsnhvrcvfsugrmdljaa 596 51 the the DT work_i5jewootsnhvrcvfsugrmdljaa 596 52 idea idea NN work_i5jewootsnhvrcvfsugrmdljaa 596 53 of of IN work_i5jewootsnhvrcvfsugrmdljaa 596 54 using use VBG work_i5jewootsnhvrcvfsugrmdljaa 596 55 fundamental fundamental JJ work_i5jewootsnhvrcvfsugrmdljaa 596 56 values value NNS work_i5jewootsnhvrcvfsugrmdljaa 596 57 as as IN work_i5jewootsnhvrcvfsugrmdljaa 596 58 a a DT work_i5jewootsnhvrcvfsugrmdljaa 596 59 yardstick yardstick NN work_i5jewootsnhvrcvfsugrmdljaa 596 60 for for IN work_i5jewootsnhvrcvfsugrmdljaa 596 61 market market NN work_i5jewootsnhvrcvfsugrmdljaa 596 62 valuation valuation NN work_i5jewootsnhvrcvfsugrmdljaa 596 63 . . . work_i5jewootsnhvrcvfsugrmdljaa 597 1 Hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 597 2 what what WP work_i5jewootsnhvrcvfsugrmdljaa 597 3 matters matter VBZ work_i5jewootsnhvrcvfsugrmdljaa 597 4 for for IN work_i5jewootsnhvrcvfsugrmdljaa 597 5 the the DT work_i5jewootsnhvrcvfsugrmdljaa 597 6 market market NN work_i5jewootsnhvrcvfsugrmdljaa 597 7 pricing pricing NN work_i5jewootsnhvrcvfsugrmdljaa 597 8 of of IN work_i5jewootsnhvrcvfsugrmdljaa 597 9 an an DT work_i5jewootsnhvrcvfsugrmdljaa 597 10 asset asset NN work_i5jewootsnhvrcvfsugrmdljaa 597 11 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 597 12 what what WP work_i5jewootsnhvrcvfsugrmdljaa 597 13 the the DT work_i5jewootsnhvrcvfsugrmdljaa 597 14 market market NN work_i5jewootsnhvrcvfsugrmdljaa 597 15 believes believe VBZ work_i5jewootsnhvrcvfsugrmdljaa 597 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 597 17 future future JJ work_i5jewootsnhvrcvfsugrmdljaa 597 18 price price NN work_i5jewootsnhvrcvfsugrmdljaa 597 19 of of IN work_i5jewootsnhvrcvfsugrmdljaa 597 20 that that DT work_i5jewootsnhvrcvfsugrmdljaa 597 21 asset asset NN work_i5jewootsnhvrcvfsugrmdljaa 597 22 will will MD work_i5jewootsnhvrcvfsugrmdljaa 597 23 be be VB work_i5jewootsnhvrcvfsugrmdljaa 597 24 rather rather RB work_i5jewootsnhvrcvfsugrmdljaa 597 25 than than IN work_i5jewootsnhvrcvfsugrmdljaa 597 26 what what WP work_i5jewootsnhvrcvfsugrmdljaa 597 27 the the DT work_i5jewootsnhvrcvfsugrmdljaa 597 28 intrinsic intrinsic JJ work_i5jewootsnhvrcvfsugrmdljaa 597 29 value value NN work_i5jewootsnhvrcvfsugrmdljaa 597 30 of of IN work_i5jewootsnhvrcvfsugrmdljaa 597 31 the the DT work_i5jewootsnhvrcvfsugrmdljaa 597 32 asset asset NN work_i5jewootsnhvrcvfsugrmdljaa 597 33 will will MD work_i5jewootsnhvrcvfsugrmdljaa 597 34 be be VB work_i5jewootsnhvrcvfsugrmdljaa 597 35 . . . work_i5jewootsnhvrcvfsugrmdljaa 598 1 Moreover moreover RB work_i5jewootsnhvrcvfsugrmdljaa 598 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 598 3 Keynes Keynes NNP work_i5jewootsnhvrcvfsugrmdljaa 598 4 insists insist VBZ work_i5jewootsnhvrcvfsugrmdljaa 598 5 future future JJ work_i5jewootsnhvrcvfsugrmdljaa 598 6 price price NN work_i5jewootsnhvrcvfsugrmdljaa 598 7 depends depend VBZ work_i5jewootsnhvrcvfsugrmdljaa 598 8 upon upon IN work_i5jewootsnhvrcvfsugrmdljaa 598 9 future future JJ work_i5jewootsnhvrcvfsugrmdljaa 598 10 market market NN work_i5jewootsnhvrcvfsugrmdljaa 598 11 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 598 12 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 598 13 may may MD work_i5jewootsnhvrcvfsugrmdljaa 598 14 be be VB work_i5jewootsnhvrcvfsugrmdljaa 598 15 right right JJ work_i5jewootsnhvrcvfsugrmdljaa 598 16 or or CC work_i5jewootsnhvrcvfsugrmdljaa 598 17 wrong wrong JJ work_i5jewootsnhvrcvfsugrmdljaa 598 18 but but CC work_i5jewootsnhvrcvfsugrmdljaa 598 19 have have VBP work_i5jewootsnhvrcvfsugrmdljaa 598 20 no no DT work_i5jewootsnhvrcvfsugrmdljaa 598 21 necessary necessary JJ work_i5jewootsnhvrcvfsugrmdljaa 598 22 relation relation NN work_i5jewootsnhvrcvfsugrmdljaa 598 23 to to IN work_i5jewootsnhvrcvfsugrmdljaa 598 24 fundamental fundamental JJ work_i5jewootsnhvrcvfsugrmdljaa 598 25 values value NNS work_i5jewootsnhvrcvfsugrmdljaa 598 26 . . . work_i5jewootsnhvrcvfsugrmdljaa 599 1 Hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 599 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 599 3 one one PRP work_i5jewootsnhvrcvfsugrmdljaa 599 4 must must MD work_i5jewootsnhvrcvfsugrmdljaa 599 5 interpret interpret VB work_i5jewootsnhvrcvfsugrmdljaa 599 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 599 7 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 599 8 Beauty Beauty NNP work_i5jewootsnhvrcvfsugrmdljaa 599 9 Contest Contest NNP work_i5jewootsnhvrcvfsugrmdljaa 599 10 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 599 11 as as IN work_i5jewootsnhvrcvfsugrmdljaa 599 12 Keynes Keynes NNP work_i5jewootsnhvrcvfsugrmdljaa 599 13 ’ ’ POS work_i5jewootsnhvrcvfsugrmdljaa 599 14 statement statement NN work_i5jewootsnhvrcvfsugrmdljaa 599 15 that that IN work_i5jewootsnhvrcvfsugrmdljaa 599 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 599 17 price price NN work_i5jewootsnhvrcvfsugrmdljaa 599 18 today today NN work_i5jewootsnhvrcvfsugrmdljaa 599 19 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 599 20 determined determine VBN work_i5jewootsnhvrcvfsugrmdljaa 599 21 by by IN work_i5jewootsnhvrcvfsugrmdljaa 599 22 today today NN work_i5jewootsnhvrcvfsugrmdljaa 599 23 ’s ’s POS work_i5jewootsnhvrcvfsugrmdljaa 599 24 market market NN work_i5jewootsnhvrcvfsugrmdljaa 599 25 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 599 26 about about IN work_i5jewootsnhvrcvfsugrmdljaa 599 27 the the DT work_i5jewootsnhvrcvfsugrmdljaa 599 28 forecasts forecast NNS work_i5jewootsnhvrcvfsugrmdljaa 599 29 of of IN work_i5jewootsnhvrcvfsugrmdljaa 599 30 the the DT work_i5jewootsnhvrcvfsugrmdljaa 599 31 market market NN work_i5jewootsnhvrcvfsugrmdljaa 599 32 ’s ’s POS work_i5jewootsnhvrcvfsugrmdljaa 599 33 investors investor NNS work_i5jewootsnhvrcvfsugrmdljaa 599 34 tomorrow tomorrow NN work_i5jewootsnhvrcvfsugrmdljaa 599 35 , , , work_i5jewootsnhvrcvfsugrmdljaa 599 36 when when WRB work_i5jewootsnhvrcvfsugrmdljaa 599 37 such such JJ work_i5jewootsnhvrcvfsugrmdljaa 599 38 forecasts forecast NNS work_i5jewootsnhvrcvfsugrmdljaa 599 39 may may MD work_i5jewootsnhvrcvfsugrmdljaa 599 40 be be VB work_i5jewootsnhvrcvfsugrmdljaa 599 41 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 599 42 right right JJ work_i5jewootsnhvrcvfsugrmdljaa 599 43 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 599 44 or or CC work_i5jewootsnhvrcvfsugrmdljaa 599 45 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 599 46 wrong wrong JJ work_i5jewootsnhvrcvfsugrmdljaa 599 47 . . . work_i5jewootsnhvrcvfsugrmdljaa 599 48 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 599 49 The the DT work_i5jewootsnhvrcvfsugrmdljaa 599 50 Allen Allen NNP work_i5jewootsnhvrcvfsugrmdljaa 599 51 , , , work_i5jewootsnhvrcvfsugrmdljaa 599 52 Morris Morris NNP work_i5jewootsnhvrcvfsugrmdljaa 599 53 and and CC work_i5jewootsnhvrcvfsugrmdljaa 599 54 Shin Shin NNP work_i5jewootsnhvrcvfsugrmdljaa 599 55 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 599 56 2003 2003 CD work_i5jewootsnhvrcvfsugrmdljaa 599 57 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 599 58 interpretation interpretation NN work_i5jewootsnhvrcvfsugrmdljaa 599 59 does do VBZ work_i5jewootsnhvrcvfsugrmdljaa 599 60 not not RB work_i5jewootsnhvrcvfsugrmdljaa 599 61 rise rise VB work_i5jewootsnhvrcvfsugrmdljaa 599 62 to to IN work_i5jewootsnhvrcvfsugrmdljaa 599 63 this this DT work_i5jewootsnhvrcvfsugrmdljaa 599 64 level level NN work_i5jewootsnhvrcvfsugrmdljaa 599 65 of of IN work_i5jewootsnhvrcvfsugrmdljaa 599 66 subtlety subtlety NN work_i5jewootsnhvrcvfsugrmdljaa 599 67 required require VBN work_i5jewootsnhvrcvfsugrmdljaa 599 68 of of IN work_i5jewootsnhvrcvfsugrmdljaa 599 69 the the DT work_i5jewootsnhvrcvfsugrmdljaa 599 70 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 599 71 Beauty Beauty NNP work_i5jewootsnhvrcvfsugrmdljaa 599 72 Contest Contest NNP work_i5jewootsnhvrcvfsugrmdljaa 599 73 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 599 74 idea idea NN work_i5jewootsnhvrcvfsugrmdljaa 599 75 . . . work_i5jewootsnhvrcvfsugrmdljaa 600 1 Finally finally RB work_i5jewootsnhvrcvfsugrmdljaa 600 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 600 3 the the DT work_i5jewootsnhvrcvfsugrmdljaa 600 4 idea idea NN work_i5jewootsnhvrcvfsugrmdljaa 600 5 of of IN work_i5jewootsnhvrcvfsugrmdljaa 600 6 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 600 7 trading trading NN work_i5jewootsnhvrcvfsugrmdljaa 600 8 rounds round NNS work_i5jewootsnhvrcvfsugrmdljaa 600 9 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 600 10 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 600 11 a a DT work_i5jewootsnhvrcvfsugrmdljaa 600 12 modeling modeling NN work_i5jewootsnhvrcvfsugrmdljaa 600 13 construct construct NN work_i5jewootsnhvrcvfsugrmdljaa 600 14 and and CC work_i5jewootsnhvrcvfsugrmdljaa 600 15 as as IN work_i5jewootsnhvrcvfsugrmdljaa 600 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 600 17 number number NN work_i5jewootsnhvrcvfsugrmdljaa 600 18 of of IN work_i5jewootsnhvrcvfsugrmdljaa 600 19 rounds round NNS work_i5jewootsnhvrcvfsugrmdljaa 600 20 increases increase VBZ work_i5jewootsnhvrcvfsugrmdljaa 600 21 the the DT work_i5jewootsnhvrcvfsugrmdljaa 600 22 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 600 23 information information NN work_i5jewootsnhvrcvfsugrmdljaa 600 24 market market NN work_i5jewootsnhvrcvfsugrmdljaa 600 25 leads lead VBZ work_i5jewootsnhvrcvfsugrmdljaa 600 26 to to IN work_i5jewootsnhvrcvfsugrmdljaa 600 27 full full JJ work_i5jewootsnhvrcvfsugrmdljaa 600 28 revelation revelation NN work_i5jewootsnhvrcvfsugrmdljaa 600 29 hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 600 30 , , , work_i5jewootsnhvrcvfsugrmdljaa 600 31 with with IN work_i5jewootsnhvrcvfsugrmdljaa 600 32 time time NN work_i5jewootsnhvrcvfsugrmdljaa 600 33 , , , work_i5jewootsnhvrcvfsugrmdljaa 600 34 p p NN work_i5jewootsnhvrcvfsugrmdljaa 600 35 = = SYM work_i5jewootsnhvrcvfsugrmdljaa 600 36 Q. q. NN work_i5jewootsnhvrcvfsugrmdljaa 601 1 When when WRB work_i5jewootsnhvrcvfsugrmdljaa 601 2 this this DT work_i5jewootsnhvrcvfsugrmdljaa 601 3 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 601 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 601 5 case case NN work_i5jewootsnhvrcvfsugrmdljaa 601 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 601 7 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 601 8 do do VBP work_i5jewootsnhvrcvfsugrmdljaa 601 9 not not RB work_i5jewootsnhvrcvfsugrmdljaa 601 10 engage engage VB work_i5jewootsnhvrcvfsugrmdljaa 601 11 in in IN work_i5jewootsnhvrcvfsugrmdljaa 601 12 any any DT work_i5jewootsnhvrcvfsugrmdljaa 601 13 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 601 14 Beauty Beauty NNP work_i5jewootsnhvrcvfsugrmdljaa 601 15 Contest”at Contest”at NNP work_i5jewootsnhvrcvfsugrmdljaa 601 16 all all DT work_i5jewootsnhvrcvfsugrmdljaa 601 17 , , , work_i5jewootsnhvrcvfsugrmdljaa 601 18 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 601 19 makes make VBZ work_i5jewootsnhvrcvfsugrmdljaa 601 20 any any DT work_i5jewootsnhvrcvfsugrmdljaa 601 21 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 601 22 Beauty Beauty NNP work_i5jewootsnhvrcvfsugrmdljaa 601 23 Contest Contest NNP work_i5jewootsnhvrcvfsugrmdljaa 601 24 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 601 25 temporary temporary NN work_i5jewootsnhvrcvfsugrmdljaa 601 26 . . . work_i5jewootsnhvrcvfsugrmdljaa 602 1 Another another DT work_i5jewootsnhvrcvfsugrmdljaa 602 2 line line NN work_i5jewootsnhvrcvfsugrmdljaa 602 3 of of IN work_i5jewootsnhvrcvfsugrmdljaa 602 4 thinking thinking NN work_i5jewootsnhvrcvfsugrmdljaa 602 5 in in IN work_i5jewootsnhvrcvfsugrmdljaa 602 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 602 7 literature literature NN work_i5jewootsnhvrcvfsugrmdljaa 602 8 about about IN work_i5jewootsnhvrcvfsugrmdljaa 602 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 602 10 Beauty Beauty NNP work_i5jewootsnhvrcvfsugrmdljaa 602 11 Contest Contest NNP work_i5jewootsnhvrcvfsugrmdljaa 602 12 often often RB work_i5jewootsnhvrcvfsugrmdljaa 602 13 stresses stress VBZ work_i5jewootsnhvrcvfsugrmdljaa 602 14 the the DT work_i5jewootsnhvrcvfsugrmdljaa 602 15 role role NN work_i5jewootsnhvrcvfsugrmdljaa 602 16 of of IN work_i5jewootsnhvrcvfsugrmdljaa 602 17 higher high JJR work_i5jewootsnhvrcvfsugrmdljaa 602 18 order order NN work_i5jewootsnhvrcvfsugrmdljaa 602 19 expectations expectation NNS work_i5jewootsnhvrcvfsugrmdljaa 602 20 . . . work_i5jewootsnhvrcvfsugrmdljaa 603 1 This this DT work_i5jewootsnhvrcvfsugrmdljaa 603 2 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 603 3 entirely entirely RB work_i5jewootsnhvrcvfsugrmdljaa 603 4 misleading misleading JJ work_i5jewootsnhvrcvfsugrmdljaa 603 5 since since IN work_i5jewootsnhvrcvfsugrmdljaa 603 6 higher high JJR work_i5jewootsnhvrcvfsugrmdljaa 603 7 order order NN work_i5jewootsnhvrcvfsugrmdljaa 603 8 expectations expectation NNS work_i5jewootsnhvrcvfsugrmdljaa 603 9 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 603 10 intrinsic intrinsic JJ work_i5jewootsnhvrcvfsugrmdljaa 603 11 mathematical mathematical JJ work_i5jewootsnhvrcvfsugrmdljaa 603 12 properties property NNS work_i5jewootsnhvrcvfsugrmdljaa 603 13 of of IN work_i5jewootsnhvrcvfsugrmdljaa 603 14 a a DT work_i5jewootsnhvrcvfsugrmdljaa 603 15 probability probability NN work_i5jewootsnhvrcvfsugrmdljaa 603 16 measure measure NN work_i5jewootsnhvrcvfsugrmdljaa 603 17 over over IN work_i5jewootsnhvrcvfsugrmdljaa 603 18 future future JJ work_i5jewootsnhvrcvfsugrmdljaa 603 19 sequences sequence NNS work_i5jewootsnhvrcvfsugrmdljaa 603 20 . . . work_i5jewootsnhvrcvfsugrmdljaa 604 1 Indeed indeed RB work_i5jewootsnhvrcvfsugrmdljaa 604 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 604 3 conditions condition NNS work_i5jewootsnhvrcvfsugrmdljaa 604 4 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 604 5 1a)-(1b 1a)-(1b CD work_i5jewootsnhvrcvfsugrmdljaa 604 6 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 604 7 imply imply VB work_i5jewootsnhvrcvfsugrmdljaa 604 8 iterated iterated JJ work_i5jewootsnhvrcvfsugrmdljaa 604 9 higher high JJR work_i5jewootsnhvrcvfsugrmdljaa 604 10 order order NN work_i5jewootsnhvrcvfsugrmdljaa 604 11 expectations expectation NNS work_i5jewootsnhvrcvfsugrmdljaa 604 12 and and CC work_i5jewootsnhvrcvfsugrmdljaa 604 13 this this DT work_i5jewootsnhvrcvfsugrmdljaa 604 14 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 604 15 true true JJ work_i5jewootsnhvrcvfsugrmdljaa 604 16 with with IN work_i5jewootsnhvrcvfsugrmdljaa 604 17 and and CC work_i5jewootsnhvrcvfsugrmdljaa 604 18 without without IN work_i5jewootsnhvrcvfsugrmdljaa 604 19 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 604 20 or or CC work_i5jewootsnhvrcvfsugrmdljaa 604 21 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 604 22 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 604 23 see see VB work_i5jewootsnhvrcvfsugrmdljaa 604 24 also also RB work_i5jewootsnhvrcvfsugrmdljaa 604 25 Townsend townsend VB work_i5jewootsnhvrcvfsugrmdljaa 604 26 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 604 27 1978),(1983 1978),(1983 CD work_i5jewootsnhvrcvfsugrmdljaa 604 28 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 604 29 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 604 30 . . . work_i5jewootsnhvrcvfsugrmdljaa 605 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 605 2 idea idea NN work_i5jewootsnhvrcvfsugrmdljaa 605 3 that that IN work_i5jewootsnhvrcvfsugrmdljaa 605 4 higher high JJR work_i5jewootsnhvrcvfsugrmdljaa 605 5 order order NN work_i5jewootsnhvrcvfsugrmdljaa 605 6 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 605 7 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 605 8 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 605 9 important important JJ work_i5jewootsnhvrcvfsugrmdljaa 605 10 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 605 11 in in IN work_i5jewootsnhvrcvfsugrmdljaa 605 12 some some DT work_i5jewootsnhvrcvfsugrmdljaa 605 13 sense sense NN work_i5jewootsnhvrcvfsugrmdljaa 605 14 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 605 15 no no RB work_i5jewootsnhvrcvfsugrmdljaa 605 16 more more JJR work_i5jewootsnhvrcvfsugrmdljaa 605 17 than than IN work_i5jewootsnhvrcvfsugrmdljaa 605 18 the the DT work_i5jewootsnhvrcvfsugrmdljaa 605 19 statement statement NN work_i5jewootsnhvrcvfsugrmdljaa 605 20 that that IN work_i5jewootsnhvrcvfsugrmdljaa 605 21 investors investor NNS work_i5jewootsnhvrcvfsugrmdljaa 605 22 hold hold VBP work_i5jewootsnhvrcvfsugrmdljaa 605 23 probability probability NN work_i5jewootsnhvrcvfsugrmdljaa 605 24 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 605 25 about about IN work_i5jewootsnhvrcvfsugrmdljaa 605 26 future future JJ work_i5jewootsnhvrcvfsugrmdljaa 605 27 sequences sequence NNS work_i5jewootsnhvrcvfsugrmdljaa 605 28 . . . work_i5jewootsnhvrcvfsugrmdljaa 606 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 606 2 now now RB work_i5jewootsnhvrcvfsugrmdljaa 606 3 examine examine VBP work_i5jewootsnhvrcvfsugrmdljaa 606 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 606 5 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 606 6 perspective perspective NN work_i5jewootsnhvrcvfsugrmdljaa 606 7 of of IN work_i5jewootsnhvrcvfsugrmdljaa 606 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 606 9 Beauty Beauty NNP work_i5jewootsnhvrcvfsugrmdljaa 606 10 Contest Contest NNP work_i5jewootsnhvrcvfsugrmdljaa 606 11 , , , work_i5jewootsnhvrcvfsugrmdljaa 606 12 keeping keep VBG work_i5jewootsnhvrcvfsugrmdljaa 606 13 in in IN work_i5jewootsnhvrcvfsugrmdljaa 606 14 mind mind NN work_i5jewootsnhvrcvfsugrmdljaa 606 15 the the DT work_i5jewootsnhvrcvfsugrmdljaa 606 16 fact fact NN work_i5jewootsnhvrcvfsugrmdljaa 606 17 that that IN work_i5jewootsnhvrcvfsugrmdljaa 606 18 the the DT work_i5jewootsnhvrcvfsugrmdljaa 606 19 unknown unknown JJ work_i5jewootsnhvrcvfsugrmdljaa 606 20 value value NN work_i5jewootsnhvrcvfsugrmdljaa 606 21 Qt Qt NNP work_i5jewootsnhvrcvfsugrmdljaa 606 22 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 606 23 announced announce VBN work_i5jewootsnhvrcvfsugrmdljaa 606 24 at at IN work_i5jewootsnhvrcvfsugrmdljaa 606 25 the the DT work_i5jewootsnhvrcvfsugrmdljaa 606 26 end end NN work_i5jewootsnhvrcvfsugrmdljaa 606 27 of of IN work_i5jewootsnhvrcvfsugrmdljaa 606 28 each each DT work_i5jewootsnhvrcvfsugrmdljaa 606 29 date date NN work_i5jewootsnhvrcvfsugrmdljaa 606 30 . . . work_i5jewootsnhvrcvfsugrmdljaa 607 1 To to TO work_i5jewootsnhvrcvfsugrmdljaa 607 2 enable enable VB work_i5jewootsnhvrcvfsugrmdljaa 607 3 full full JJ work_i5jewootsnhvrcvfsugrmdljaa 607 4 comparison comparison NN work_i5jewootsnhvrcvfsugrmdljaa 607 5 with with IN work_i5jewootsnhvrcvfsugrmdljaa 607 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 607 7 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 607 8 model model NN work_i5jewootsnhvrcvfsugrmdljaa 607 9 suppose suppose NN work_i5jewootsnhvrcvfsugrmdljaa 607 10 for for IN work_i5jewootsnhvrcvfsugrmdljaa 607 11 the the DT work_i5jewootsnhvrcvfsugrmdljaa 607 12 moment moment NN work_i5jewootsnhvrcvfsugrmdljaa 607 13 that that WDT work_i5jewootsnhvrcvfsugrmdljaa 607 14 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 607 15 discard discard VBP work_i5jewootsnhvrcvfsugrmdljaa 607 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 607 17 hedging hedge VBG work_i5jewootsnhvrcvfsugrmdljaa 607 18 demand demand NN work_i5jewootsnhvrcvfsugrmdljaa 607 19 and and CC work_i5jewootsnhvrcvfsugrmdljaa 607 20 assume assume VB work_i5jewootsnhvrcvfsugrmdljaa 607 21 our -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 607 22 traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 607 23 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 607 24 short short JJ work_i5jewootsnhvrcvfsugrmdljaa 607 25 lived live VBN work_i5jewootsnhvrcvfsugrmdljaa 607 26 . . . work_i5jewootsnhvrcvfsugrmdljaa 608 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 608 2 that that DT work_i5jewootsnhvrcvfsugrmdljaa 608 3 case case NN work_i5jewootsnhvrcvfsugrmdljaa 608 4 demand demand NN work_i5jewootsnhvrcvfsugrmdljaa 608 5 function function NN work_i5jewootsnhvrcvfsugrmdljaa 608 6 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 608 7 1c 1c CD work_i5jewootsnhvrcvfsugrmdljaa 608 8 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 608 9 would would MD work_i5jewootsnhvrcvfsugrmdljaa 608 10 apply apply VB work_i5jewootsnhvrcvfsugrmdljaa 608 11 and and CC work_i5jewootsnhvrcvfsugrmdljaa 608 12 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 608 13 would would MD work_i5jewootsnhvrcvfsugrmdljaa 608 14 write write VB work_i5jewootsnhvrcvfsugrmdljaa 608 15 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 608 16 in in IN work_i5jewootsnhvrcvfsugrmdljaa 608 17 the the DT work_i5jewootsnhvrcvfsugrmdljaa 608 18 dynamic dynamic JJ work_i5jewootsnhvrcvfsugrmdljaa 608 19 context context NN work_i5jewootsnhvrcvfsugrmdljaa 608 20 as\ as\ NNS work_i5jewootsnhvrcvfsugrmdljaa 608 21 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 608 22 26a 26a CD work_i5jewootsnhvrcvfsugrmdljaa 608 23 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 608 24 .pt .pt . work_i5jewootsnhvrcvfsugrmdljaa 608 25 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 608 26 Ēt Ēt NNP work_i5jewootsnhvrcvfsugrmdljaa 608 27 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 608 28 pt%1 pt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 608 29 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 608 30 & & CC work_i5jewootsnhvrcvfsugrmdljaa 608 31 G1 G1 NNP work_i5jewootsnhvrcvfsugrmdljaa 608 32 τ τ NNP work_i5jewootsnhvrcvfsugrmdljaa 608 33 S S NNP work_i5jewootsnhvrcvfsugrmdljaa 608 34 Insert Insert NNP work_i5jewootsnhvrcvfsugrmdljaa 608 35 into into IN work_i5jewootsnhvrcvfsugrmdljaa 608 36 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 608 37 25a 25a NNS work_i5jewootsnhvrcvfsugrmdljaa 608 38 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 608 39 the the DT work_i5jewootsnhvrcvfsugrmdljaa 608 40 corresponding correspond VBG work_i5jewootsnhvrcvfsugrmdljaa 608 41 equilibrium equilibrium NN work_i5jewootsnhvrcvfsugrmdljaa 608 42 map map NN work_i5jewootsnhvrcvfsugrmdljaa 608 43 under under IN work_i5jewootsnhvrcvfsugrmdljaa 608 44 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 608 45 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 608 46 would would MD work_i5jewootsnhvrcvfsugrmdljaa 608 47 remain remain VB work_i5jewootsnhvrcvfsugrmdljaa 608 48 of of IN work_i5jewootsnhvrcvfsugrmdljaa 608 49 the the DT work_i5jewootsnhvrcvfsugrmdljaa 608 50 functional functional JJ work_i5jewootsnhvrcvfsugrmdljaa 608 51 form form NN work_i5jewootsnhvrcvfsugrmdljaa 608 52 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 608 53 to to IN work_i5jewootsnhvrcvfsugrmdljaa 608 54 havept%1'Ĉ1 havept%1'Ĉ1 NNP work_i5jewootsnhvrcvfsugrmdljaa 608 55 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 608 56 Qt%μ Qt%μ NNP work_i5jewootsnhvrcvfsugrmdljaa 608 57 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 608 58 % % NN work_i5jewootsnhvrcvfsugrmdljaa 608 59 Ĉ2 ĉ2 ADD work_i5jewootsnhvrcvfsugrmdljaa 608 60 Zt%1&Ĉ3 Zt%1&Ĉ3 NNP work_i5jewootsnhvrcvfsugrmdljaa 608 61 S s NN work_i5jewootsnhvrcvfsugrmdljaa 608 62 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 608 63 26b 26b CD work_i5jewootsnhvrcvfsugrmdljaa 608 64 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 608 65 .pt .pt NFP work_i5jewootsnhvrcvfsugrmdljaa 608 66 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 608 67 Ĉ1 ĉ1 CD work_i5jewootsnhvrcvfsugrmdljaa 608 68 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 608 69 Ēt ēt NN work_i5jewootsnhvrcvfsugrmdljaa 608 70 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 608 71 Qt Qt NNP work_i5jewootsnhvrcvfsugrmdljaa 608 72 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 608 73 % % NN work_i5jewootsnhvrcvfsugrmdljaa 608 74 μ μ NN work_i5jewootsnhvrcvfsugrmdljaa 608 75 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 608 76 % % NN work_i5jewootsnhvrcvfsugrmdljaa 608 77 Ĉ2 ĉ2 CD work_i5jewootsnhvrcvfsugrmdljaa 608 78 Ēt Ēt NNP work_i5jewootsnhvrcvfsugrmdljaa 608 79 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 608 80 Zt%1 Zt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 608 81 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 608 82 & & CC work_i5jewootsnhvrcvfsugrmdljaa 608 83 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 608 84 Ĉ3 ĉ3 CD work_i5jewootsnhvrcvfsugrmdljaa 608 85 % % NN work_i5jewootsnhvrcvfsugrmdljaa 608 86 G1 g1 NN work_i5jewootsnhvrcvfsugrmdljaa 608 87 τ τ NNP work_i5jewootsnhvrcvfsugrmdljaa 608 88 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 608 89 S S NNP work_i5jewootsnhvrcvfsugrmdljaa 608 90 Compare compare VB work_i5jewootsnhvrcvfsugrmdljaa 608 91 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 608 92 26b 26b CD work_i5jewootsnhvrcvfsugrmdljaa 608 93 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 608 94 with with IN work_i5jewootsnhvrcvfsugrmdljaa 608 95 the the DT work_i5jewootsnhvrcvfsugrmdljaa 608 96 price price NN work_i5jewootsnhvrcvfsugrmdljaa 608 97 maps map NNS work_i5jewootsnhvrcvfsugrmdljaa 608 98 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 608 99 1a)-(1b 1a)-(1b CD work_i5jewootsnhvrcvfsugrmdljaa 608 100 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 608 101 under under IN work_i5jewootsnhvrcvfsugrmdljaa 608 102 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 608 103 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 608 104 depends depend VBZ work_i5jewootsnhvrcvfsugrmdljaa 608 105 upon upon IN work_i5jewootsnhvrcvfsugrmdljaa 608 106 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 608 107 and and CC work_i5jewootsnhvrcvfsugrmdljaa 608 108 the the DT work_i5jewootsnhvrcvfsugrmdljaa 608 109 supply supply NN work_i5jewootsnhvrcvfsugrmdljaa 608 110 shocks shock VBZ work_i5jewootsnhvrcvfsugrmdljaa 608 111 p1 p1 NNP work_i5jewootsnhvrcvfsugrmdljaa 608 112 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 608 113 κ1 κ1 NN work_i5jewootsnhvrcvfsugrmdljaa 608 114 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 608 115 λ1y λ1y NNP work_i5jewootsnhvrcvfsugrmdljaa 608 116 % % NN work_i5jewootsnhvrcvfsugrmdljaa 608 117 μ1 μ1 NN work_i5jewootsnhvrcvfsugrmdljaa 608 118 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 608 119 & & CC work_i5jewootsnhvrcvfsugrmdljaa 608 120 S1 S1 NNP work_i5jewootsnhvrcvfsugrmdljaa 608 121 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 608 122 .p2 .p2 . work_i5jewootsnhvrcvfsugrmdljaa 608 123 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 608 124 κ̂2 κ̂2 NN work_i5jewootsnhvrcvfsugrmdljaa 608 125 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 608 126 λ̂2y λ̂2y NNP work_i5jewootsnhvrcvfsugrmdljaa 608 127 % % NN work_i5jewootsnhvrcvfsugrmdljaa 608 128 μ̂2 μ̂2 . work_i5jewootsnhvrcvfsugrmdljaa 608 129 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 608 130 & & CC work_i5jewootsnhvrcvfsugrmdljaa 608 131 S2 S2 NNP work_i5jewootsnhvrcvfsugrmdljaa 608 132 % % NN work_i5jewootsnhvrcvfsugrmdljaa 608 133 ψS1 ψS1 NNS work_i5jewootsnhvrcvfsugrmdljaa 608 134 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 608 135 33 33 CD work_i5jewootsnhvrcvfsugrmdljaa 608 136 In in IN work_i5jewootsnhvrcvfsugrmdljaa 608 137 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 608 138 26b 26b CD work_i5jewootsnhvrcvfsugrmdljaa 608 139 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 608 140 the the DT work_i5jewootsnhvrcvfsugrmdljaa 608 141 price price NN work_i5jewootsnhvrcvfsugrmdljaa 608 142 at at IN work_i5jewootsnhvrcvfsugrmdljaa 608 143 t t NN work_i5jewootsnhvrcvfsugrmdljaa 608 144 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 608 145 a a DT work_i5jewootsnhvrcvfsugrmdljaa 608 146 function function NN work_i5jewootsnhvrcvfsugrmdljaa 608 147 of of IN work_i5jewootsnhvrcvfsugrmdljaa 608 148 the the DT work_i5jewootsnhvrcvfsugrmdljaa 608 149 market market NN work_i5jewootsnhvrcvfsugrmdljaa 608 150 expectation expectation NN work_i5jewootsnhvrcvfsugrmdljaa 608 151 of of IN work_i5jewootsnhvrcvfsugrmdljaa 608 152 Qt Qt NNP work_i5jewootsnhvrcvfsugrmdljaa 608 153 and and CC work_i5jewootsnhvrcvfsugrmdljaa 608 154 of of IN work_i5jewootsnhvrcvfsugrmdljaa 608 155 Zt+1 Zt+1 NNP work_i5jewootsnhvrcvfsugrmdljaa 608 156 , , , work_i5jewootsnhvrcvfsugrmdljaa 608 157 the the DT work_i5jewootsnhvrcvfsugrmdljaa 608 158 market market NN work_i5jewootsnhvrcvfsugrmdljaa 608 159 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 608 160 state state NN work_i5jewootsnhvrcvfsugrmdljaa 608 161 at at IN work_i5jewootsnhvrcvfsugrmdljaa 608 162 date date NN work_i5jewootsnhvrcvfsugrmdljaa 608 163 t+1 t+1 NN work_i5jewootsnhvrcvfsugrmdljaa 608 164 . . . work_i5jewootsnhvrcvfsugrmdljaa 609 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 609 2 crux crux NN work_i5jewootsnhvrcvfsugrmdljaa 609 3 of of IN work_i5jewootsnhvrcvfsugrmdljaa 609 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 609 5 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 609 6 theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 609 7 says say VBZ work_i5jewootsnhvrcvfsugrmdljaa 609 8 that that IN work_i5jewootsnhvrcvfsugrmdljaa 609 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 609 10 root root NN work_i5jewootsnhvrcvfsugrmdljaa 609 11 causes cause NNS work_i5jewootsnhvrcvfsugrmdljaa 609 12 of of IN work_i5jewootsnhvrcvfsugrmdljaa 609 13 Endogenous endogenous JJ work_i5jewootsnhvrcvfsugrmdljaa 609 14 Uncertainty Uncertainty NNP work_i5jewootsnhvrcvfsugrmdljaa 609 15 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 609 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 609 17 mistakes mistake NNS work_i5jewootsnhvrcvfsugrmdljaa 609 18 markets market NNS work_i5jewootsnhvrcvfsugrmdljaa 609 19 make make VBP work_i5jewootsnhvrcvfsugrmdljaa 609 20 in in IN work_i5jewootsnhvrcvfsugrmdljaa 609 21 pricing price VBG work_i5jewootsnhvrcvfsugrmdljaa 609 22 assets asset NNS work_i5jewootsnhvrcvfsugrmdljaa 609 23 too too RB work_i5jewootsnhvrcvfsugrmdljaa 609 24 high high JJ work_i5jewootsnhvrcvfsugrmdljaa 609 25 or or CC work_i5jewootsnhvrcvfsugrmdljaa 609 26 too too RB work_i5jewootsnhvrcvfsugrmdljaa 609 27 low low JJ work_i5jewootsnhvrcvfsugrmdljaa 609 28 , , , work_i5jewootsnhvrcvfsugrmdljaa 609 29 leading lead VBG work_i5jewootsnhvrcvfsugrmdljaa 609 30 to to IN work_i5jewootsnhvrcvfsugrmdljaa 609 31 excess excess JJ work_i5jewootsnhvrcvfsugrmdljaa 609 32 volatility volatility NN work_i5jewootsnhvrcvfsugrmdljaa 609 33 . . . work_i5jewootsnhvrcvfsugrmdljaa 610 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 610 2 term term NN work_i5jewootsnhvrcvfsugrmdljaa 610 3 in in IN work_i5jewootsnhvrcvfsugrmdljaa 610 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 610 5 price price NN work_i5jewootsnhvrcvfsugrmdljaa 610 6 map map NN work_i5jewootsnhvrcvfsugrmdljaa 610 7 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 610 8 26b 26b CD work_i5jewootsnhvrcvfsugrmdljaa 610 9 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 610 10 says say VBZ work_i5jewootsnhvrcvfsugrmdljaa 610 11 the the DT work_i5jewootsnhvrcvfsugrmdljaa 610 12 price price NN work_i5jewootsnhvrcvfsugrmdljaa 610 13 today today NN work_i5jewootsnhvrcvfsugrmdljaa 610 14 depends depend VBZ work_i5jewootsnhvrcvfsugrmdljaa 610 15 upon upon IN work_i5jewootsnhvrcvfsugrmdljaa 610 16 today today NN work_i5jewootsnhvrcvfsugrmdljaa 610 17 ’s ’s POS work_i5jewootsnhvrcvfsugrmdljaa 610 18 risk risk NN work_i5jewootsnhvrcvfsugrmdljaa 610 19 perception perception NN work_i5jewootsnhvrcvfsugrmdljaa 610 20 of of IN work_i5jewootsnhvrcvfsugrmdljaa 610 21 theĒt theĒt NNP work_i5jewootsnhvrcvfsugrmdljaa 610 22 [ [ -LRB- work_i5jewootsnhvrcvfsugrmdljaa 610 23 Zt%1 Zt%1 NNP work_i5jewootsnhvrcvfsugrmdljaa 610 24 ] ] -RRB- work_i5jewootsnhvrcvfsugrmdljaa 610 25 mistaken mistake VBN work_i5jewootsnhvrcvfsugrmdljaa 610 26 assessment assessment NN work_i5jewootsnhvrcvfsugrmdljaa 610 27 the the DT work_i5jewootsnhvrcvfsugrmdljaa 610 28 market market NN work_i5jewootsnhvrcvfsugrmdljaa 610 29 may may MD work_i5jewootsnhvrcvfsugrmdljaa 610 30 collectively collectively RB work_i5jewootsnhvrcvfsugrmdljaa 610 31 make make VB work_i5jewootsnhvrcvfsugrmdljaa 610 32 tomorrow tomorrow NN work_i5jewootsnhvrcvfsugrmdljaa 610 33 . . . work_i5jewootsnhvrcvfsugrmdljaa 611 1 This this DT work_i5jewootsnhvrcvfsugrmdljaa 611 2 risk risk NN work_i5jewootsnhvrcvfsugrmdljaa 611 3 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 611 4 central central JJ work_i5jewootsnhvrcvfsugrmdljaa 611 5 to to IN work_i5jewootsnhvrcvfsugrmdljaa 611 6 any any DT work_i5jewootsnhvrcvfsugrmdljaa 611 7 theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 611 8 with with IN work_i5jewootsnhvrcvfsugrmdljaa 611 9 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 611 10 . . . work_i5jewootsnhvrcvfsugrmdljaa 612 1 This this DT work_i5jewootsnhvrcvfsugrmdljaa 612 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 612 3 in in IN work_i5jewootsnhvrcvfsugrmdljaa 612 4 our -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 612 5 view view NN work_i5jewootsnhvrcvfsugrmdljaa 612 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 612 7 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 612 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 612 9 essence essence NN work_i5jewootsnhvrcvfsugrmdljaa 612 10 of of IN work_i5jewootsnhvrcvfsugrmdljaa 612 11 the the DT work_i5jewootsnhvrcvfsugrmdljaa 612 12 Keynesian keynesian JJ work_i5jewootsnhvrcvfsugrmdljaa 612 13 Beauty Beauty NNP work_i5jewootsnhvrcvfsugrmdljaa 612 14 Contest Contest NNP work_i5jewootsnhvrcvfsugrmdljaa 612 15 . . . work_i5jewootsnhvrcvfsugrmdljaa 613 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 613 2 short short JJ work_i5jewootsnhvrcvfsugrmdljaa 613 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 613 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 613 5 difference difference NN work_i5jewootsnhvrcvfsugrmdljaa 613 6 between between IN work_i5jewootsnhvrcvfsugrmdljaa 613 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 613 8 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 613 9 and and CC work_i5jewootsnhvrcvfsugrmdljaa 613 10 the the DT work_i5jewootsnhvrcvfsugrmdljaa 613 11 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 613 12 perspectives perspective VBZ work_i5jewootsnhvrcvfsugrmdljaa 613 13 of of IN work_i5jewootsnhvrcvfsugrmdljaa 613 14 the the DT work_i5jewootsnhvrcvfsugrmdljaa 613 15 Beauty Beauty NNP work_i5jewootsnhvrcvfsugrmdljaa 613 16 Contest Contest NNP work_i5jewootsnhvrcvfsugrmdljaa 613 17 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 613 18 very very RB work_i5jewootsnhvrcvfsugrmdljaa 613 19 sharp sharp JJ work_i5jewootsnhvrcvfsugrmdljaa 613 20 . . . work_i5jewootsnhvrcvfsugrmdljaa 614 1 Under under IN work_i5jewootsnhvrcvfsugrmdljaa 614 2 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 614 3 the the DT work_i5jewootsnhvrcvfsugrmdljaa 614 4 price price NN work_i5jewootsnhvrcvfsugrmdljaa 614 5 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 614 6 a a DT work_i5jewootsnhvrcvfsugrmdljaa 614 7 function function NN work_i5jewootsnhvrcvfsugrmdljaa 614 8 of of IN work_i5jewootsnhvrcvfsugrmdljaa 614 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 614 10 true true JJ work_i5jewootsnhvrcvfsugrmdljaa 614 11 fundamental fundamental JJ work_i5jewootsnhvrcvfsugrmdljaa 614 12 value value NN work_i5jewootsnhvrcvfsugrmdljaa 614 13 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 614 14 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 614 15 unknown unknown JJ work_i5jewootsnhvrcvfsugrmdljaa 614 16 to to IN work_i5jewootsnhvrcvfsugrmdljaa 614 17 anyone anyone NN work_i5jewootsnhvrcvfsugrmdljaa 614 18 . . . work_i5jewootsnhvrcvfsugrmdljaa 615 1 Under under IN work_i5jewootsnhvrcvfsugrmdljaa 615 2 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 615 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 615 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 615 5 price price NN work_i5jewootsnhvrcvfsugrmdljaa 615 6 depends depend VBZ work_i5jewootsnhvrcvfsugrmdljaa 615 7 upon upon IN work_i5jewootsnhvrcvfsugrmdljaa 615 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 615 9 market market NN work_i5jewootsnhvrcvfsugrmdljaa 615 10 expectation expectation NN work_i5jewootsnhvrcvfsugrmdljaa 615 11 of of IN work_i5jewootsnhvrcvfsugrmdljaa 615 12 Qt Qt NNP work_i5jewootsnhvrcvfsugrmdljaa 615 13 and and CC work_i5jewootsnhvrcvfsugrmdljaa 615 14 and and CC work_i5jewootsnhvrcvfsugrmdljaa 615 15 of of IN work_i5jewootsnhvrcvfsugrmdljaa 615 16 Zt+1 Zt+1 NNP work_i5jewootsnhvrcvfsugrmdljaa 615 17 . . . work_i5jewootsnhvrcvfsugrmdljaa 616 1 But but CC work_i5jewootsnhvrcvfsugrmdljaa 616 2 market market NN work_i5jewootsnhvrcvfsugrmdljaa 616 3 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 616 4 may may MD work_i5jewootsnhvrcvfsugrmdljaa 616 5 be be VB work_i5jewootsnhvrcvfsugrmdljaa 616 6 right right JJ work_i5jewootsnhvrcvfsugrmdljaa 616 7 or or CC work_i5jewootsnhvrcvfsugrmdljaa 616 8 wrong wrong JJ work_i5jewootsnhvrcvfsugrmdljaa 616 9 hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 616 10 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 616 11 may may MD work_i5jewootsnhvrcvfsugrmdljaa 616 12 cause cause VB work_i5jewootsnhvrcvfsugrmdljaa 616 13 the the DT work_i5jewootsnhvrcvfsugrmdljaa 616 14 asset asset NN work_i5jewootsnhvrcvfsugrmdljaa 616 15 to to TO work_i5jewootsnhvrcvfsugrmdljaa 616 16 be be VB work_i5jewootsnhvrcvfsugrmdljaa 616 17 overpriced overprice VBN work_i5jewootsnhvrcvfsugrmdljaa 616 18 or or CC work_i5jewootsnhvrcvfsugrmdljaa 616 19 underpriced underpriced JJ work_i5jewootsnhvrcvfsugrmdljaa 616 20 . . . work_i5jewootsnhvrcvfsugrmdljaa 617 1 This this DT work_i5jewootsnhvrcvfsugrmdljaa 617 2 fear fear NN work_i5jewootsnhvrcvfsugrmdljaa 617 3 of of IN work_i5jewootsnhvrcvfsugrmdljaa 617 4 future future JJ work_i5jewootsnhvrcvfsugrmdljaa 617 5 price price NN work_i5jewootsnhvrcvfsugrmdljaa 617 6 volatility volatility NN work_i5jewootsnhvrcvfsugrmdljaa 617 7 induced induce VBN work_i5jewootsnhvrcvfsugrmdljaa 617 8 by by IN work_i5jewootsnhvrcvfsugrmdljaa 617 9 future future JJ work_i5jewootsnhvrcvfsugrmdljaa 617 10 market market NN work_i5jewootsnhvrcvfsugrmdljaa 617 11 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 617 12 , , , work_i5jewootsnhvrcvfsugrmdljaa 617 13 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 617 14 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 617 15 call call VBP work_i5jewootsnhvrcvfsugrmdljaa 617 16 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 617 17 Endogenous endogenous JJ work_i5jewootsnhvrcvfsugrmdljaa 617 18 Uncertainty Uncertainty NNP work_i5jewootsnhvrcvfsugrmdljaa 617 19 , , , work_i5jewootsnhvrcvfsugrmdljaa 617 20 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 617 21 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 617 22 therefore therefore RB work_i5jewootsnhvrcvfsugrmdljaa 617 23 at at IN work_i5jewootsnhvrcvfsugrmdljaa 617 24 the the DT work_i5jewootsnhvrcvfsugrmdljaa 617 25 heart heart NN work_i5jewootsnhvrcvfsugrmdljaa 617 26 of of IN work_i5jewootsnhvrcvfsugrmdljaa 617 27 the the DT work_i5jewootsnhvrcvfsugrmdljaa 617 28 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 617 29 Beauty Beauty NNP work_i5jewootsnhvrcvfsugrmdljaa 617 30 Contest Contest NNP work_i5jewootsnhvrcvfsugrmdljaa 617 31 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 617 32 phenomenon phenomenon NN work_i5jewootsnhvrcvfsugrmdljaa 617 33 . . . work_i5jewootsnhvrcvfsugrmdljaa 618 1 4.3 4.3 LS work_i5jewootsnhvrcvfsugrmdljaa 618 2 Difference difference NN work_i5jewootsnhvrcvfsugrmdljaa 618 3 in in IN work_i5jewootsnhvrcvfsugrmdljaa 618 4 Rationality Rationality NNP work_i5jewootsnhvrcvfsugrmdljaa 618 5 Assumptions Assumptions NNPS work_i5jewootsnhvrcvfsugrmdljaa 618 6 and and CC work_i5jewootsnhvrcvfsugrmdljaa 618 7 Restrictions Restrictions NNPS work_i5jewootsnhvrcvfsugrmdljaa 618 8 : : : work_i5jewootsnhvrcvfsugrmdljaa 618 9 Rational Rational NNP work_i5jewootsnhvrcvfsugrmdljaa 618 10 Beliefs Beliefs NNPS work_i5jewootsnhvrcvfsugrmdljaa 618 11 Up up IN work_i5jewootsnhvrcvfsugrmdljaa 618 12 to to IN work_i5jewootsnhvrcvfsugrmdljaa 618 13 now now RB work_i5jewootsnhvrcvfsugrmdljaa 618 14 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 618 15 compared compare VBD work_i5jewootsnhvrcvfsugrmdljaa 618 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 618 17 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 618 18 model model NN work_i5jewootsnhvrcvfsugrmdljaa 618 19 with with IN work_i5jewootsnhvrcvfsugrmdljaa 618 20 the the DT work_i5jewootsnhvrcvfsugrmdljaa 618 21 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 618 22 model model NN work_i5jewootsnhvrcvfsugrmdljaa 618 23 without without IN work_i5jewootsnhvrcvfsugrmdljaa 618 24 specifying specify VBG work_i5jewootsnhvrcvfsugrmdljaa 618 25 any any DT work_i5jewootsnhvrcvfsugrmdljaa 618 26 restrictions restriction NNS work_i5jewootsnhvrcvfsugrmdljaa 618 27 on on IN work_i5jewootsnhvrcvfsugrmdljaa 618 28 information information NN work_i5jewootsnhvrcvfsugrmdljaa 618 29 or or CC work_i5jewootsnhvrcvfsugrmdljaa 618 30 requiring require VBG work_i5jewootsnhvrcvfsugrmdljaa 618 31 restrictions restriction NNS work_i5jewootsnhvrcvfsugrmdljaa 618 32 on on IN work_i5jewootsnhvrcvfsugrmdljaa 618 33 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 618 34 . . . work_i5jewootsnhvrcvfsugrmdljaa 619 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 619 2 criticized criticize VBD work_i5jewootsnhvrcvfsugrmdljaa 619 3 the the DT work_i5jewootsnhvrcvfsugrmdljaa 619 4 PI pi NN work_i5jewootsnhvrcvfsugrmdljaa 619 5 theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 619 6 for for IN work_i5jewootsnhvrcvfsugrmdljaa 619 7 permitting permit VBG work_i5jewootsnhvrcvfsugrmdljaa 619 8 arbitrary arbitrary JJ work_i5jewootsnhvrcvfsugrmdljaa 619 9 , , , work_i5jewootsnhvrcvfsugrmdljaa 619 10 unobservable unobservable JJ work_i5jewootsnhvrcvfsugrmdljaa 619 11 , , , work_i5jewootsnhvrcvfsugrmdljaa 619 12 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 619 13 signals signal NNS work_i5jewootsnhvrcvfsugrmdljaa 619 14 and and CC work_i5jewootsnhvrcvfsugrmdljaa 619 15 introducing introduce VBG work_i5jewootsnhvrcvfsugrmdljaa 619 16 contrived contrived JJ work_i5jewootsnhvrcvfsugrmdljaa 619 17 random random JJ work_i5jewootsnhvrcvfsugrmdljaa 619 18 supply supply NN work_i5jewootsnhvrcvfsugrmdljaa 619 19 shocks shock NNS work_i5jewootsnhvrcvfsugrmdljaa 619 20 . . . work_i5jewootsnhvrcvfsugrmdljaa 620 1 These these DT work_i5jewootsnhvrcvfsugrmdljaa 620 2 make make VBP work_i5jewootsnhvrcvfsugrmdljaa 620 3 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 620 4 possible possible JJ work_i5jewootsnhvrcvfsugrmdljaa 620 5 to to TO work_i5jewootsnhvrcvfsugrmdljaa 620 6 prove prove VB work_i5jewootsnhvrcvfsugrmdljaa 620 7 anything anything NN work_i5jewootsnhvrcvfsugrmdljaa 620 8 with with IN work_i5jewootsnhvrcvfsugrmdljaa 620 9 a a DT work_i5jewootsnhvrcvfsugrmdljaa 620 10 model model NN work_i5jewootsnhvrcvfsugrmdljaa 620 11 with with IN work_i5jewootsnhvrcvfsugrmdljaa 620 12 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 620 13 . . . work_i5jewootsnhvrcvfsugrmdljaa 621 1 One one CD work_i5jewootsnhvrcvfsugrmdljaa 621 2 may may MD work_i5jewootsnhvrcvfsugrmdljaa 621 3 make make VB work_i5jewootsnhvrcvfsugrmdljaa 621 4 a a DT work_i5jewootsnhvrcvfsugrmdljaa 621 5 similar similar JJ work_i5jewootsnhvrcvfsugrmdljaa 621 6 argument argument NN work_i5jewootsnhvrcvfsugrmdljaa 621 7 against against IN work_i5jewootsnhvrcvfsugrmdljaa 621 8 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 621 9 , , , work_i5jewootsnhvrcvfsugrmdljaa 621 10 claiming claim VBG work_i5jewootsnhvrcvfsugrmdljaa 621 11 that that IN work_i5jewootsnhvrcvfsugrmdljaa 621 12 with with IN work_i5jewootsnhvrcvfsugrmdljaa 621 13 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 621 14 one one PRP work_i5jewootsnhvrcvfsugrmdljaa 621 15 can can MD work_i5jewootsnhvrcvfsugrmdljaa 621 16 prove prove VB work_i5jewootsnhvrcvfsugrmdljaa 621 17 anything anything NN work_i5jewootsnhvrcvfsugrmdljaa 621 18 . . . work_i5jewootsnhvrcvfsugrmdljaa 622 1 This this DT work_i5jewootsnhvrcvfsugrmdljaa 622 2 last last JJ work_i5jewootsnhvrcvfsugrmdljaa 622 3 argument argument NN work_i5jewootsnhvrcvfsugrmdljaa 622 4 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 622 5 false false JJ work_i5jewootsnhvrcvfsugrmdljaa 622 6 for for IN work_i5jewootsnhvrcvfsugrmdljaa 622 7 two two CD work_i5jewootsnhvrcvfsugrmdljaa 622 8 reasons reason NNS work_i5jewootsnhvrcvfsugrmdljaa 622 9 . . . work_i5jewootsnhvrcvfsugrmdljaa 623 1 First first RB work_i5jewootsnhvrcvfsugrmdljaa 623 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 623 3 since since IN work_i5jewootsnhvrcvfsugrmdljaa 623 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 623 5 distribution distribution NN work_i5jewootsnhvrcvfsugrmdljaa 623 6 of of IN work_i5jewootsnhvrcvfsugrmdljaa 623 7 market market NN work_i5jewootsnhvrcvfsugrmdljaa 623 8 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 623 9 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 623 10 observable observable JJ work_i5jewootsnhvrcvfsugrmdljaa 623 11 , , , work_i5jewootsnhvrcvfsugrmdljaa 623 12 hypotheses hypothesis NNS work_i5jewootsnhvrcvfsugrmdljaa 623 13 about about IN work_i5jewootsnhvrcvfsugrmdljaa 623 14 the the DT work_i5jewootsnhvrcvfsugrmdljaa 623 15 impact impact NN work_i5jewootsnhvrcvfsugrmdljaa 623 16 of of IN work_i5jewootsnhvrcvfsugrmdljaa 623 17 market market NN work_i5jewootsnhvrcvfsugrmdljaa 623 18 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 623 19 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 623 20 testable testable JJ work_i5jewootsnhvrcvfsugrmdljaa 623 21 . . . work_i5jewootsnhvrcvfsugrmdljaa 624 1 Second second JJ work_i5jewootsnhvrcvfsugrmdljaa 624 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 624 3 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 624 4 have have VBP work_i5jewootsnhvrcvfsugrmdljaa 624 5 defined define VBN work_i5jewootsnhvrcvfsugrmdljaa 624 6 individual individual JJ work_i5jewootsnhvrcvfsugrmdljaa 624 7 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 624 8 to to TO work_i5jewootsnhvrcvfsugrmdljaa 624 9 be be VB work_i5jewootsnhvrcvfsugrmdljaa 624 10 about about IN work_i5jewootsnhvrcvfsugrmdljaa 624 11 deviations deviation NNS work_i5jewootsnhvrcvfsugrmdljaa 624 12 from from IN work_i5jewootsnhvrcvfsugrmdljaa 624 13 the the DT work_i5jewootsnhvrcvfsugrmdljaa 624 14 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 624 15 distribution distribution NN work_i5jewootsnhvrcvfsugrmdljaa 624 16 and and CC work_i5jewootsnhvrcvfsugrmdljaa 624 17 this this DT work_i5jewootsnhvrcvfsugrmdljaa 624 18 , , , work_i5jewootsnhvrcvfsugrmdljaa 624 19 by by IN work_i5jewootsnhvrcvfsugrmdljaa 624 20 itself -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 624 21 , , , work_i5jewootsnhvrcvfsugrmdljaa 624 22 places place VBZ work_i5jewootsnhvrcvfsugrmdljaa 624 23 restrictions restriction NNS work_i5jewootsnhvrcvfsugrmdljaa 624 24 on on IN work_i5jewootsnhvrcvfsugrmdljaa 624 25 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 624 26 . . . work_i5jewootsnhvrcvfsugrmdljaa 625 1 Indeed indeed RB work_i5jewootsnhvrcvfsugrmdljaa 625 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 625 3 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 625 4 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 625 5 essential essential JJ work_i5jewootsnhvrcvfsugrmdljaa 625 6 that that IN work_i5jewootsnhvrcvfsugrmdljaa 625 7 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 625 8 seek seek VBP work_i5jewootsnhvrcvfsugrmdljaa 625 9 additional additional JJ work_i5jewootsnhvrcvfsugrmdljaa 625 10 a a DT work_i5jewootsnhvrcvfsugrmdljaa 625 11 priori priori FW work_i5jewootsnhvrcvfsugrmdljaa 625 12 restrictions restriction NNS work_i5jewootsnhvrcvfsugrmdljaa 625 13 on on IN work_i5jewootsnhvrcvfsugrmdljaa 625 14 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 625 15 in in IN work_i5jewootsnhvrcvfsugrmdljaa 625 16 order order NN work_i5jewootsnhvrcvfsugrmdljaa 625 17 to to TO work_i5jewootsnhvrcvfsugrmdljaa 625 18 further further RB work_i5jewootsnhvrcvfsugrmdljaa 625 19 narrow narrow VB work_i5jewootsnhvrcvfsugrmdljaa 625 20 down down IN work_i5jewootsnhvrcvfsugrmdljaa 625 21 the the DT work_i5jewootsnhvrcvfsugrmdljaa 625 22 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 625 23 implications implication NNS work_i5jewootsnhvrcvfsugrmdljaa 625 24 of of IN work_i5jewootsnhvrcvfsugrmdljaa 625 25 the the DT work_i5jewootsnhvrcvfsugrmdljaa 625 26 theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 625 27 given give VBN work_i5jewootsnhvrcvfsugrmdljaa 625 28 the the DT work_i5jewootsnhvrcvfsugrmdljaa 625 29 specified specified JJ work_i5jewootsnhvrcvfsugrmdljaa 625 30 information information NN work_i5jewootsnhvrcvfsugrmdljaa 625 31 . . . work_i5jewootsnhvrcvfsugrmdljaa 626 1 Recall recall VB work_i5jewootsnhvrcvfsugrmdljaa 626 2 that that IN work_i5jewootsnhvrcvfsugrmdljaa 626 3 at at IN work_i5jewootsnhvrcvfsugrmdljaa 626 4 t t NN work_i5jewootsnhvrcvfsugrmdljaa 626 5 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 626 6 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 626 7 knows know VBZ work_i5jewootsnhvrcvfsugrmdljaa 626 8 his -PRON- PRP$ work_i5jewootsnhvrcvfsugrmdljaa 626 9 own own JJ work_i5jewootsnhvrcvfsugrmdljaa 626 10 but but CC work_i5jewootsnhvrcvfsugrmdljaa 626 11 he -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 626 12 does do VBZ work_i5jewootsnhvrcvfsugrmdljaa 626 13 not not RB work_i5jewootsnhvrcvfsugrmdljaa 626 14 observe observe VB work_i5jewootsnhvrcvfsugrmdljaa 626 15 any any DT work_i5jewootsnhvrcvfsugrmdljaa 626 16 past past JJ work_i5jewootsnhvrcvfsugrmdljaa 626 17 values value NNS work_i5jewootsnhvrcvfsugrmdljaa 626 18 of of IN work_i5jewootsnhvrcvfsugrmdljaa 626 19 for for IN work_i5jewootsnhvrcvfsugrmdljaa 626 20 all all DT work_i5jewootsnhvrcvfsugrmdljaa 626 21 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 626 22 g g NN work_i5jewootsnhvrcvfsugrmdljaa 626 23 i i NNP work_i5jewootsnhvrcvfsugrmdljaa 626 24 t t NN work_i5jewootsnhvrcvfsugrmdljaa 626 25 , , , work_i5jewootsnhvrcvfsugrmdljaa 626 26 g g NNP work_i5jewootsnhvrcvfsugrmdljaa 626 27 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 626 28 t&1 t&1 NN work_i5jewootsnhvrcvfsugrmdljaa 626 29 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 626 30 g g NNP work_i5jewootsnhvrcvfsugrmdljaa 626 31 k k NNP work_i5jewootsnhvrcvfsugrmdljaa 626 32 τ τ NNP work_i5jewootsnhvrcvfsugrmdljaa 626 33 k. k. NN work_i5jewootsnhvrcvfsugrmdljaa 626 34 He -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 626 35 does do VBZ work_i5jewootsnhvrcvfsugrmdljaa 626 36 observe observe VB work_i5jewootsnhvrcvfsugrmdljaa 626 37 the the DT work_i5jewootsnhvrcvfsugrmdljaa 626 38 distribution distribution NN work_i5jewootsnhvrcvfsugrmdljaa 626 39 of of IN work_i5jewootsnhvrcvfsugrmdljaa 626 40 for for IN work_i5jewootsnhvrcvfsugrmdljaa 626 41 all all DT work_i5jewootsnhvrcvfsugrmdljaa 626 42 dates date NNS work_i5jewootsnhvrcvfsugrmdljaa 626 43 up up RP work_i5jewootsnhvrcvfsugrmdljaa 626 44 to to IN work_i5jewootsnhvrcvfsugrmdljaa 626 45 t. t. NN work_i5jewootsnhvrcvfsugrmdljaa 626 46 This this DT work_i5jewootsnhvrcvfsugrmdljaa 626 47 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 626 48 an an DT work_i5jewootsnhvrcvfsugrmdljaa 626 49 assumption assumption NN work_i5jewootsnhvrcvfsugrmdljaa 626 50 of of IN work_i5jewootsnhvrcvfsugrmdljaa 626 51 anonymity anonymity NN work_i5jewootsnhvrcvfsugrmdljaa 626 52 . . . work_i5jewootsnhvrcvfsugrmdljaa 627 1 g g NNP work_i5jewootsnhvrcvfsugrmdljaa 627 2 k k NNP work_i5jewootsnhvrcvfsugrmdljaa 627 3 τ τ NNP work_i5jewootsnhvrcvfsugrmdljaa 627 4 The the DT work_i5jewootsnhvrcvfsugrmdljaa 627 5 theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 627 6 of of IN work_i5jewootsnhvrcvfsugrmdljaa 627 7 Rational Rational NNP work_i5jewootsnhvrcvfsugrmdljaa 627 8 Belief Belief NNP work_i5jewootsnhvrcvfsugrmdljaa 627 9 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 627 10 in in IN work_i5jewootsnhvrcvfsugrmdljaa 627 11 short short JJ work_i5jewootsnhvrcvfsugrmdljaa 627 12 , , , work_i5jewootsnhvrcvfsugrmdljaa 627 13 RB RB NNP work_i5jewootsnhvrcvfsugrmdljaa 627 14 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 627 15 due due IN work_i5jewootsnhvrcvfsugrmdljaa 627 16 to to IN work_i5jewootsnhvrcvfsugrmdljaa 627 17 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 627 18 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 627 19 1994 1994 CD work_i5jewootsnhvrcvfsugrmdljaa 627 20 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 627 21 , , , work_i5jewootsnhvrcvfsugrmdljaa 627 22 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 627 23 1997a 1997a LS work_i5jewootsnhvrcvfsugrmdljaa 627 24 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 627 25 proposes propose VBZ work_i5jewootsnhvrcvfsugrmdljaa 627 26 natural natural JJ work_i5jewootsnhvrcvfsugrmdljaa 627 27 restrictions restriction NNS work_i5jewootsnhvrcvfsugrmdljaa 627 28 on on IN work_i5jewootsnhvrcvfsugrmdljaa 627 29 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 627 30 . . . work_i5jewootsnhvrcvfsugrmdljaa 628 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 628 2 a a DT work_i5jewootsnhvrcvfsugrmdljaa 628 3 sequence sequence NN work_i5jewootsnhvrcvfsugrmdljaa 628 4 of of IN work_i5jewootsnhvrcvfsugrmdljaa 628 5 papers paper NNS work_i5jewootsnhvrcvfsugrmdljaa 628 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 628 7 theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 628 8 has have VBZ work_i5jewootsnhvrcvfsugrmdljaa 628 9 been be VBN work_i5jewootsnhvrcvfsugrmdljaa 628 10 applied apply VBN work_i5jewootsnhvrcvfsugrmdljaa 628 11 to to IN work_i5jewootsnhvrcvfsugrmdljaa 628 12 various various JJ work_i5jewootsnhvrcvfsugrmdljaa 628 13 markets market NNS work_i5jewootsnhvrcvfsugrmdljaa 628 14 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 628 15 e.g. e.g. RB work_i5jewootsnhvrcvfsugrmdljaa 629 1 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 629 2 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 629 3 1996 1996 CD work_i5jewootsnhvrcvfsugrmdljaa 629 4 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 629 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 629 6 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 629 7 1997a 1997a CD work_i5jewootsnhvrcvfsugrmdljaa 629 8 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 629 9 , , , work_i5jewootsnhvrcvfsugrmdljaa 629 10 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 629 11 1997b 1997b CD work_i5jewootsnhvrcvfsugrmdljaa 629 12 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 629 13 , , , work_i5jewootsnhvrcvfsugrmdljaa 629 14 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 629 15 and and CC work_i5jewootsnhvrcvfsugrmdljaa 629 16 Schneider Schneider NNP work_i5jewootsnhvrcvfsugrmdljaa 629 17 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 629 18 1996 1996 CD work_i5jewootsnhvrcvfsugrmdljaa 629 19 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 629 20 , , , work_i5jewootsnhvrcvfsugrmdljaa 629 21 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 629 22 and and CC work_i5jewootsnhvrcvfsugrmdljaa 629 23 Wu Wu NNP work_i5jewootsnhvrcvfsugrmdljaa 629 24 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 629 25 1996 1996 CD work_i5jewootsnhvrcvfsugrmdljaa 629 26 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 629 27 , , , work_i5jewootsnhvrcvfsugrmdljaa 629 28 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 629 29 , , , work_i5jewootsnhvrcvfsugrmdljaa 629 30 Jin Jin NNP work_i5jewootsnhvrcvfsugrmdljaa 629 31 and and CC work_i5jewootsnhvrcvfsugrmdljaa 629 32 Motolese Motolese NNP work_i5jewootsnhvrcvfsugrmdljaa 629 33 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 629 34 2005b 2005b CD work_i5jewootsnhvrcvfsugrmdljaa 629 35 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 629 36 , , , work_i5jewootsnhvrcvfsugrmdljaa 629 37 Motolese Motolese NNP work_i5jewootsnhvrcvfsugrmdljaa 629 38 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 629 39 2001 2001 CD work_i5jewootsnhvrcvfsugrmdljaa 629 40 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 629 41 , , , work_i5jewootsnhvrcvfsugrmdljaa 629 42 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 629 43 2003 2003 CD work_i5jewootsnhvrcvfsugrmdljaa 629 44 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 629 45 Nielsen Nielsen NNP work_i5jewootsnhvrcvfsugrmdljaa 629 46 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 629 47 1996 1996 CD work_i5jewootsnhvrcvfsugrmdljaa 629 48 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 629 49 , , , work_i5jewootsnhvrcvfsugrmdljaa 629 50 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 629 51 2003 2003 CD work_i5jewootsnhvrcvfsugrmdljaa 629 52 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 629 53 , , , work_i5jewootsnhvrcvfsugrmdljaa 629 54 Wu Wu NNP work_i5jewootsnhvrcvfsugrmdljaa 629 55 and and CC work_i5jewootsnhvrcvfsugrmdljaa 629 56 Guo Guo NNP work_i5jewootsnhvrcvfsugrmdljaa 629 57 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 629 58 2003 2003 CD work_i5jewootsnhvrcvfsugrmdljaa 629 59 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 629 60 , , , work_i5jewootsnhvrcvfsugrmdljaa 629 61 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 629 62 2004 2004 CD work_i5jewootsnhvrcvfsugrmdljaa 629 63 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 629 64 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 629 65 . . . work_i5jewootsnhvrcvfsugrmdljaa 630 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 630 2 relation relation NN work_i5jewootsnhvrcvfsugrmdljaa 630 3 to to IN work_i5jewootsnhvrcvfsugrmdljaa 630 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 630 5 equity equity NN work_i5jewootsnhvrcvfsugrmdljaa 630 6 risk risk NN work_i5jewootsnhvrcvfsugrmdljaa 630 7 premium premium NN work_i5jewootsnhvrcvfsugrmdljaa 630 8 , , , work_i5jewootsnhvrcvfsugrmdljaa 630 9 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 630 10 and and CC work_i5jewootsnhvrcvfsugrmdljaa 630 11 Beltratti Beltratti NNP work_i5jewootsnhvrcvfsugrmdljaa 630 12 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 630 13 1997 1997 CD work_i5jewootsnhvrcvfsugrmdljaa 630 14 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 630 15 , , , work_i5jewootsnhvrcvfsugrmdljaa 630 16 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 630 17 and and CC work_i5jewootsnhvrcvfsugrmdljaa 630 18 Motolese Motolese NNP work_i5jewootsnhvrcvfsugrmdljaa 630 19 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 630 20 2001 2001 CD work_i5jewootsnhvrcvfsugrmdljaa 630 21 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 630 22 , , , work_i5jewootsnhvrcvfsugrmdljaa 630 23 and and CC work_i5jewootsnhvrcvfsugrmdljaa 630 24 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 630 25 , , , work_i5jewootsnhvrcvfsugrmdljaa 630 26 34 34 CD work_i5jewootsnhvrcvfsugrmdljaa 630 27 Jin Jin NNP work_i5jewootsnhvrcvfsugrmdljaa 630 28 and and CC work_i5jewootsnhvrcvfsugrmdljaa 630 29 Motolese Motolese NNP work_i5jewootsnhvrcvfsugrmdljaa 630 30 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 630 31 2005a 2005a CD work_i5jewootsnhvrcvfsugrmdljaa 630 32 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 630 33 explain explain VBP work_i5jewootsnhvrcvfsugrmdljaa 630 34 the the DT work_i5jewootsnhvrcvfsugrmdljaa 630 35 equity equity NN work_i5jewootsnhvrcvfsugrmdljaa 630 36 premium premium NN work_i5jewootsnhvrcvfsugrmdljaa 630 37 by by IN work_i5jewootsnhvrcvfsugrmdljaa 630 38 asymmetry asymmetry NN work_i5jewootsnhvrcvfsugrmdljaa 630 39 in in IN work_i5jewootsnhvrcvfsugrmdljaa 630 40 the the DT work_i5jewootsnhvrcvfsugrmdljaa 630 41 distribution distribution NN work_i5jewootsnhvrcvfsugrmdljaa 630 42 of of IN work_i5jewootsnhvrcvfsugrmdljaa 630 43 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 630 44 . . . work_i5jewootsnhvrcvfsugrmdljaa 631 1 A a DT work_i5jewootsnhvrcvfsugrmdljaa 631 2 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 631 3 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 631 4 a a DT work_i5jewootsnhvrcvfsugrmdljaa 631 5 Rational Rational NNP work_i5jewootsnhvrcvfsugrmdljaa 631 6 Belief Belief NNP work_i5jewootsnhvrcvfsugrmdljaa 631 7 if if IN work_i5jewootsnhvrcvfsugrmdljaa 631 8 it -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 631 9 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 631 10 a a DT work_i5jewootsnhvrcvfsugrmdljaa 631 11 probability probability NN work_i5jewootsnhvrcvfsugrmdljaa 631 12 model model NN work_i5jewootsnhvrcvfsugrmdljaa 631 13 of of IN work_i5jewootsnhvrcvfsugrmdljaa 631 14 the the DT work_i5jewootsnhvrcvfsugrmdljaa 631 15 observed observed JJ work_i5jewootsnhvrcvfsugrmdljaa 631 16 market market NN work_i5jewootsnhvrcvfsugrmdljaa 631 17 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 631 18 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 631 19 , , , work_i5jewootsnhvrcvfsugrmdljaa 631 20 if if IN work_i5jewootsnhvrcvfsugrmdljaa 631 21 simulated simulate VBN work_i5jewootsnhvrcvfsugrmdljaa 631 22 , , , work_i5jewootsnhvrcvfsugrmdljaa 631 23 reproduces reproduce VBZ work_i5jewootsnhvrcvfsugrmdljaa 631 24 the the DT work_i5jewootsnhvrcvfsugrmdljaa 631 25 known know VBN work_i5jewootsnhvrcvfsugrmdljaa 631 26 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 631 27 distribution distribution NN work_i5jewootsnhvrcvfsugrmdljaa 631 28 . . . work_i5jewootsnhvrcvfsugrmdljaa 632 1 An an DT work_i5jewootsnhvrcvfsugrmdljaa 632 2 RB RB NNP work_i5jewootsnhvrcvfsugrmdljaa 632 3 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 632 4 thus thus RB work_i5jewootsnhvrcvfsugrmdljaa 632 5 a a DT work_i5jewootsnhvrcvfsugrmdljaa 632 6 model model NN work_i5jewootsnhvrcvfsugrmdljaa 632 7 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 632 8 can can MD work_i5jewootsnhvrcvfsugrmdljaa 632 9 not not RB work_i5jewootsnhvrcvfsugrmdljaa 632 10 be be VB work_i5jewootsnhvrcvfsugrmdljaa 632 11 rejected reject VBN work_i5jewootsnhvrcvfsugrmdljaa 632 12 by by IN work_i5jewootsnhvrcvfsugrmdljaa 632 13 the the DT work_i5jewootsnhvrcvfsugrmdljaa 632 14 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 632 15 evidence evidence NN work_i5jewootsnhvrcvfsugrmdljaa 632 16 . . . work_i5jewootsnhvrcvfsugrmdljaa 633 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 633 2 specified specify VBD work_i5jewootsnhvrcvfsugrmdljaa 633 3 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 633 4 with with IN work_i5jewootsnhvrcvfsugrmdljaa 633 5 the the DT work_i5jewootsnhvrcvfsugrmdljaa 633 6 perception perception NN work_i5jewootsnhvrcvfsugrmdljaa 633 7 models model NNS work_i5jewootsnhvrcvfsugrmdljaa 633 8 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 633 9 14a 14a NNS work_i5jewootsnhvrcvfsugrmdljaa 633 10 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 633 11 -(14b -(14b NFP work_i5jewootsnhvrcvfsugrmdljaa 633 12 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 633 13 . . . work_i5jewootsnhvrcvfsugrmdljaa 634 1 For for IN work_i5jewootsnhvrcvfsugrmdljaa 634 2 these these DT work_i5jewootsnhvrcvfsugrmdljaa 634 3 to to TO work_i5jewootsnhvrcvfsugrmdljaa 634 4 be be VB work_i5jewootsnhvrcvfsugrmdljaa 634 5 RB RB NNP work_i5jewootsnhvrcvfsugrmdljaa 634 6 they -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 634 7 must must MD work_i5jewootsnhvrcvfsugrmdljaa 634 8 induce induce VB work_i5jewootsnhvrcvfsugrmdljaa 634 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 634 10 assumed assume VBN work_i5jewootsnhvrcvfsugrmdljaa 634 11 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 634 12 distribution distribution NN work_i5jewootsnhvrcvfsugrmdljaa 634 13 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 634 14 13a)-(13b 13a)-(13b CD work_i5jewootsnhvrcvfsugrmdljaa 634 15 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 634 16 . . . work_i5jewootsnhvrcvfsugrmdljaa 635 1 But but CC work_i5jewootsnhvrcvfsugrmdljaa 635 2 this this DT work_i5jewootsnhvrcvfsugrmdljaa 635 3 requires require VBZ work_i5jewootsnhvrcvfsugrmdljaa 635 4 that that IN work_i5jewootsnhvrcvfsugrmdljaa 635 5 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 635 6 27 27 CD work_i5jewootsnhvrcvfsugrmdljaa 635 7 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 635 8 The the DT work_i5jewootsnhvrcvfsugrmdljaa 635 9 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 635 10 distribution distribution NN work_i5jewootsnhvrcvfsugrmdljaa 635 11 of of IN work_i5jewootsnhvrcvfsugrmdljaa 635 12 = = NFP work_i5jewootsnhvrcvfsugrmdljaa 635 13 the the DT work_i5jewootsnhvrcvfsugrmdljaa 635 14 distribution distribution NN work_i5jewootsnhvrcvfsugrmdljaa 635 15 of of IN work_i5jewootsnhvrcvfsugrmdljaa 635 16 λ λ PRP work_i5jewootsnhvrcvfsugrmdljaa 635 17 g g NN work_i5jewootsnhvrcvfsugrmdljaa 635 18 Qg qg UH work_i5jewootsnhvrcvfsugrmdljaa 635 19 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 635 20 t t VBP work_i5jewootsnhvrcvfsugrmdljaa 635 21 % % NN work_i5jewootsnhvrcvfsugrmdljaa 635 22 ρ ρ IN work_i5jewootsnhvrcvfsugrmdljaa 635 23 iQ iQ NNP work_i5jewootsnhvrcvfsugrmdljaa 635 24 t t NN work_i5jewootsnhvrcvfsugrmdljaa 635 25 λ λ NNP work_i5jewootsnhvrcvfsugrmdljaa 635 26 g g NN work_i5jewootsnhvrcvfsugrmdljaa 635 27 Zg Zg NNP work_i5jewootsnhvrcvfsugrmdljaa 635 28 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 635 29 t t VBP work_i5jewootsnhvrcvfsugrmdljaa 635 30 % % NN work_i5jewootsnhvrcvfsugrmdljaa 635 31 ρ ρ IN work_i5jewootsnhvrcvfsugrmdljaa 635 32 iZ iZ NNP work_i5jewootsnhvrcvfsugrmdljaa 635 33 t%1 t%1 XX work_i5jewootsnhvrcvfsugrmdljaa 635 34 ρ ρ NN work_i5jewootsnhvrcvfsugrmdljaa 635 35 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 635 36 t t NN work_i5jewootsnhvrcvfsugrmdljaa 635 37 ρ ρ NN work_i5jewootsnhvrcvfsugrmdljaa 635 38 Z z NN work_i5jewootsnhvrcvfsugrmdljaa 635 39 t%1 t%1 IN work_i5jewootsnhvrcvfsugrmdljaa 635 40 -N -N NFP work_i5jewootsnhvrcvfsugrmdljaa 635 41 0 0 CD work_i5jewootsnhvrcvfsugrmdljaa 635 42 0 0 CD work_i5jewootsnhvrcvfsugrmdljaa 635 43 , , , work_i5jewootsnhvrcvfsugrmdljaa 635 44 σ σ NNP work_i5jewootsnhvrcvfsugrmdljaa 635 45 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 635 46 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 635 47 , , , work_i5jewootsnhvrcvfsugrmdljaa 635 48 0 0 CD work_i5jewootsnhvrcvfsugrmdljaa 635 49 , , , work_i5jewootsnhvrcvfsugrmdljaa 635 50 0 0 CD work_i5jewootsnhvrcvfsugrmdljaa 635 51 , , , work_i5jewootsnhvrcvfsugrmdljaa 635 52 σ σ NN work_i5jewootsnhvrcvfsugrmdljaa 635 53 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 635 54 Z Z NNP work_i5jewootsnhvrcvfsugrmdljaa 635 55 , , , work_i5jewootsnhvrcvfsugrmdljaa 635 56 i.i.d i.i.d NN work_i5jewootsnhvrcvfsugrmdljaa 635 57 . . . work_i5jewootsnhvrcvfsugrmdljaa 636 1 To to TO work_i5jewootsnhvrcvfsugrmdljaa 636 2 compute compute VB work_i5jewootsnhvrcvfsugrmdljaa 636 3 the the DT work_i5jewootsnhvrcvfsugrmdljaa 636 4 moments moment NNS work_i5jewootsnhvrcvfsugrmdljaa 636 5 of of IN work_i5jewootsnhvrcvfsugrmdljaa 636 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 636 7 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 636 8 distribution distribution NN work_i5jewootsnhvrcvfsugrmdljaa 636 9 of of IN work_i5jewootsnhvrcvfsugrmdljaa 636 10 the the DT work_i5jewootsnhvrcvfsugrmdljaa 636 11 market market NN work_i5jewootsnhvrcvfsugrmdljaa 636 12 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 636 13 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 636 14 Qt&1 qt&1 NN work_i5jewootsnhvrcvfsugrmdljaa 636 15 , , , work_i5jewootsnhvrcvfsugrmdljaa 636 16 Zt Zt NNP work_i5jewootsnhvrcvfsugrmdljaa 636 17 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 636 18 implied imply VBN work_i5jewootsnhvrcvfsugrmdljaa 636 19 by by IN work_i5jewootsnhvrcvfsugrmdljaa 636 20 the the DT work_i5jewootsnhvrcvfsugrmdljaa 636 21 model model NN work_i5jewootsnhvrcvfsugrmdljaa 636 22 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 636 23 14a 14a NNS work_i5jewootsnhvrcvfsugrmdljaa 636 24 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 636 25 -(14b -(14b NFP work_i5jewootsnhvrcvfsugrmdljaa 636 26 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 636 27 , , , work_i5jewootsnhvrcvfsugrmdljaa 636 28 one one NN work_i5jewootsnhvrcvfsugrmdljaa 636 29 treats treat VBZ work_i5jewootsnhvrcvfsugrmdljaa 636 30 the the DT work_i5jewootsnhvrcvfsugrmdljaa 636 31 symmetrically symmetrically NN work_i5jewootsnhvrcvfsugrmdljaa 636 32 with with IN work_i5jewootsnhvrcvfsugrmdljaa 636 33 other other JJ work_i5jewootsnhvrcvfsugrmdljaa 636 34 random random JJ work_i5jewootsnhvrcvfsugrmdljaa 636 35 variables.g variables.g NNP work_i5jewootsnhvrcvfsugrmdljaa 636 36 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 636 37 t t XX work_i5jewootsnhvrcvfsugrmdljaa 636 38 From from IN work_i5jewootsnhvrcvfsugrmdljaa 636 39 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 636 40 10 10 CD work_i5jewootsnhvrcvfsugrmdljaa 636 41 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 636 42 , , , work_i5jewootsnhvrcvfsugrmdljaa 636 43 the the DT work_i5jewootsnhvrcvfsugrmdljaa 636 44 unconditional unconditional JJ work_i5jewootsnhvrcvfsugrmdljaa 636 45 variance variance NN work_i5jewootsnhvrcvfsugrmdljaa 636 46 of of IN work_i5jewootsnhvrcvfsugrmdljaa 636 47 isg isg NNP work_i5jewootsnhvrcvfsugrmdljaa 636 48 i i PRP work_i5jewootsnhvrcvfsugrmdljaa 636 49 t t XX work_i5jewootsnhvrcvfsugrmdljaa 636 50 .Var .Var . work_i5jewootsnhvrcvfsugrmdljaa 636 51 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 636 52 g g NNP work_i5jewootsnhvrcvfsugrmdljaa 636 53 i i NNP work_i5jewootsnhvrcvfsugrmdljaa 636 54 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 636 55 ' ' `` work_i5jewootsnhvrcvfsugrmdljaa 636 56 σ σ NN work_i5jewootsnhvrcvfsugrmdljaa 636 57 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 636 58 g g NNP work_i5jewootsnhvrcvfsugrmdljaa 636 59 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 636 60 & & CC work_i5jewootsnhvrcvfsugrmdljaa 636 61 λ λ NNP work_i5jewootsnhvrcvfsugrmdljaa 636 62 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 636 63 Z Z NNP work_i5jewootsnhvrcvfsugrmdljaa 636 64 Hence hence RB work_i5jewootsnhvrcvfsugrmdljaa 636 65 , , , work_i5jewootsnhvrcvfsugrmdljaa 636 66 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 636 67 have have VBP work_i5jewootsnhvrcvfsugrmdljaa 636 68 the the DT work_i5jewootsnhvrcvfsugrmdljaa 636 69 following follow VBG work_i5jewootsnhvrcvfsugrmdljaa 636 70 rationality rationality NN work_i5jewootsnhvrcvfsugrmdljaa 636 71 conditions condition NNS work_i5jewootsnhvrcvfsugrmdljaa 636 72 on on IN work_i5jewootsnhvrcvfsugrmdljaa 636 73 the the DT work_i5jewootsnhvrcvfsugrmdljaa 636 74 moments moment NNS work_i5jewootsnhvrcvfsugrmdljaa 636 75 , , , work_i5jewootsnhvrcvfsugrmdljaa 636 76 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 636 77 follow follow VBP work_i5jewootsnhvrcvfsugrmdljaa 636 78 from from IN work_i5jewootsnhvrcvfsugrmdljaa 636 79 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 636 80 27 27 CD work_i5jewootsnhvrcvfsugrmdljaa 636 81 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 636 82 : : : work_i5jewootsnhvrcvfsugrmdljaa 636 83 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 636 84 i i NN work_i5jewootsnhvrcvfsugrmdljaa 636 85 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 636 86 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 636 87 ii ii NNP work_i5jewootsnhvrcvfsugrmdljaa 636 88 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 636 89 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 636 90 iii iii NNP work_i5jewootsnhvrcvfsugrmdljaa 636 91 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 636 92 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 636 93 λ λ NN work_i5jewootsnhvrcvfsugrmdljaa 636 94 g g NN work_i5jewootsnhvrcvfsugrmdljaa 636 95 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 636 96 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 636 97 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 636 98 σ σ NN work_i5jewootsnhvrcvfsugrmdljaa 636 99 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 636 100 g g NNP work_i5jewootsnhvrcvfsugrmdljaa 636 101 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 636 102 & & CC work_i5jewootsnhvrcvfsugrmdljaa 636 103 λ λ NNP work_i5jewootsnhvrcvfsugrmdljaa 636 104 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 636 105 Z z NN work_i5jewootsnhvrcvfsugrmdljaa 636 106 % % NN work_i5jewootsnhvrcvfsugrmdljaa 636 107 σ̂ σ̂ NN work_i5jewootsnhvrcvfsugrmdljaa 636 108 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 636 109 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 636 110 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 636 111 σ σ NN work_i5jewootsnhvrcvfsugrmdljaa 636 112 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 636 113 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 636 114 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 636 115 λ λ NN work_i5jewootsnhvrcvfsugrmdljaa 636 116 g g NN work_i5jewootsnhvrcvfsugrmdljaa 636 117 Z Z NNP work_i5jewootsnhvrcvfsugrmdljaa 636 118 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 636 119 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 636 120 σ σ NN work_i5jewootsnhvrcvfsugrmdljaa 636 121 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 636 122 g g NNP work_i5jewootsnhvrcvfsugrmdljaa 636 123 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 636 124 & & CC work_i5jewootsnhvrcvfsugrmdljaa 636 125 λ λ NNP work_i5jewootsnhvrcvfsugrmdljaa 636 126 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 636 127 Z z NN work_i5jewootsnhvrcvfsugrmdljaa 636 128 % % NN work_i5jewootsnhvrcvfsugrmdljaa 636 129 σ̂ σ̂ NN work_i5jewootsnhvrcvfsugrmdljaa 636 130 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 636 131 Z z NN work_i5jewootsnhvrcvfsugrmdljaa 636 132 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 636 133 σ σ NN work_i5jewootsnhvrcvfsugrmdljaa 636 134 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 636 135 Z z NN work_i5jewootsnhvrcvfsugrmdljaa 636 136 λ λ NNP work_i5jewootsnhvrcvfsugrmdljaa 636 137 g g NN work_i5jewootsnhvrcvfsugrmdljaa 636 138 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 636 139 λ λ NN work_i5jewootsnhvrcvfsugrmdljaa 636 140 g g NN work_i5jewootsnhvrcvfsugrmdljaa 636 141 Z z NN work_i5jewootsnhvrcvfsugrmdljaa 636 142 σ σ NN work_i5jewootsnhvrcvfsugrmdljaa 636 143 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 636 144 g g NNP work_i5jewootsnhvrcvfsugrmdljaa 636 145 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 636 146 & & CC work_i5jewootsnhvrcvfsugrmdljaa 636 147 λ λ NNP work_i5jewootsnhvrcvfsugrmdljaa 636 148 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 636 149 Z z NN work_i5jewootsnhvrcvfsugrmdljaa 636 150 % % NN work_i5jewootsnhvrcvfsugrmdljaa 636 151 σ̂ZQ σ̂ZQ NNP work_i5jewootsnhvrcvfsugrmdljaa 636 152 ' ' POS work_i5jewootsnhvrcvfsugrmdljaa 636 153 0 0 CD work_i5jewootsnhvrcvfsugrmdljaa 636 154 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 636 155 iv iv NN work_i5jewootsnhvrcvfsugrmdljaa 636 156 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 636 157 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 636 158 v v NN work_i5jewootsnhvrcvfsugrmdljaa 636 159 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 636 160 . . . work_i5jewootsnhvrcvfsugrmdljaa 637 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 637 2 λ λ NNP work_i5jewootsnhvrcvfsugrmdljaa 637 3 g g NN work_i5jewootsnhvrcvfsugrmdljaa 637 4 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 637 5 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 637 6 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 637 7 λZσ λZσ NNS work_i5jewootsnhvrcvfsugrmdljaa 637 8 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 637 9 g g NN work_i5jewootsnhvrcvfsugrmdljaa 637 10 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 637 11 & & CC work_i5jewootsnhvrcvfsugrmdljaa 637 12 λ λ NNP work_i5jewootsnhvrcvfsugrmdljaa 637 13 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 637 14 Z z NN work_i5jewootsnhvrcvfsugrmdljaa 637 15 % % NN work_i5jewootsnhvrcvfsugrmdljaa 637 16 Cov(ρ̂ cov(ρ̂ NN work_i5jewootsnhvrcvfsugrmdljaa 637 17 iQ iQ NNP work_i5jewootsnhvrcvfsugrmdljaa 637 18 t t NN work_i5jewootsnhvrcvfsugrmdljaa 637 19 , , , work_i5jewootsnhvrcvfsugrmdljaa 637 20 ρ̂ ρ̂ NNP work_i5jewootsnhvrcvfsugrmdljaa 637 21 iQ iQ NNP work_i5jewootsnhvrcvfsugrmdljaa 637 22 t&1 t&1 NN work_i5jewootsnhvrcvfsugrmdljaa 637 23 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 637 24 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 637 25 0 0 CD work_i5jewootsnhvrcvfsugrmdljaa 637 26 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 637 27 λ λ NN work_i5jewootsnhvrcvfsugrmdljaa 637 28 g g NN work_i5jewootsnhvrcvfsugrmdljaa 637 29 Z Z NNP work_i5jewootsnhvrcvfsugrmdljaa 637 30 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 637 31 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 637 32 λZσ λZσ NNS work_i5jewootsnhvrcvfsugrmdljaa 637 33 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 637 34 g g NN work_i5jewootsnhvrcvfsugrmdljaa 637 35 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 637 36 & & CC work_i5jewootsnhvrcvfsugrmdljaa 637 37 λ λ NNP work_i5jewootsnhvrcvfsugrmdljaa 637 38 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 637 39 Z z NN work_i5jewootsnhvrcvfsugrmdljaa 637 40 % % NN work_i5jewootsnhvrcvfsugrmdljaa 637 41 Cov(ρ̂ cov(ρ̂ NN work_i5jewootsnhvrcvfsugrmdljaa 637 42 iZ iZ NNP work_i5jewootsnhvrcvfsugrmdljaa 637 43 t t NNP work_i5jewootsnhvrcvfsugrmdljaa 637 44 , , , work_i5jewootsnhvrcvfsugrmdljaa 637 45 ρ̂ ρ̂ NNP work_i5jewootsnhvrcvfsugrmdljaa 637 46 iZ iZ NNP work_i5jewootsnhvrcvfsugrmdljaa 637 47 t&1 t&1 NN work_i5jewootsnhvrcvfsugrmdljaa 637 48 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 637 49 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 637 50 0 0 NFP work_i5jewootsnhvrcvfsugrmdljaa 637 51 The the DT work_i5jewootsnhvrcvfsugrmdljaa 637 52 first first JJ work_i5jewootsnhvrcvfsugrmdljaa 637 53 three three CD work_i5jewootsnhvrcvfsugrmdljaa 637 54 conditions condition NNS work_i5jewootsnhvrcvfsugrmdljaa 637 55 pin pin VBP work_i5jewootsnhvrcvfsugrmdljaa 637 56 down down IN work_i5jewootsnhvrcvfsugrmdljaa 637 57 the the DT work_i5jewootsnhvrcvfsugrmdljaa 637 58 covariance covariance NN work_i5jewootsnhvrcvfsugrmdljaa 637 59 matrix matrix NN work_i5jewootsnhvrcvfsugrmdljaa 637 60 in in IN work_i5jewootsnhvrcvfsugrmdljaa 637 61 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 637 62 14a)-(14b 14a)-(14b NN work_i5jewootsnhvrcvfsugrmdljaa 637 63 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 637 64 . . . work_i5jewootsnhvrcvfsugrmdljaa 638 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 638 2 last last JJ work_i5jewootsnhvrcvfsugrmdljaa 638 3 two two CD work_i5jewootsnhvrcvfsugrmdljaa 638 4 pin pin NN work_i5jewootsnhvrcvfsugrmdljaa 638 5 down down RP work_i5jewootsnhvrcvfsugrmdljaa 638 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 638 7 serial serial JJ work_i5jewootsnhvrcvfsugrmdljaa 638 8 correlation correlation NN work_i5jewootsnhvrcvfsugrmdljaa 638 9 of of IN work_i5jewootsnhvrcvfsugrmdljaa 638 10 the the DT work_i5jewootsnhvrcvfsugrmdljaa 638 11 two two CD work_i5jewootsnhvrcvfsugrmdljaa 638 12 terms term NNS work_i5jewootsnhvrcvfsugrmdljaa 638 13 . . . work_i5jewootsnhvrcvfsugrmdljaa 639 1 An an DT work_i5jewootsnhvrcvfsugrmdljaa 639 2 inspection inspection NN work_i5jewootsnhvrcvfsugrmdljaa 639 3 of of IN work_i5jewootsnhvrcvfsugrmdljaa 639 4 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 639 5 14a)-(14b 14a)-(14b NN work_i5jewootsnhvrcvfsugrmdljaa 639 6 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 639 7 reveals reveal VBZ work_i5jewootsnhvrcvfsugrmdljaa 639 8 the the DT work_i5jewootsnhvrcvfsugrmdljaa 639 9 only only JJ work_i5jewootsnhvrcvfsugrmdljaa 639 10 choice choice NN work_i5jewootsnhvrcvfsugrmdljaa 639 11 left(ρ̂ left(ρ̂ NN work_i5jewootsnhvrcvfsugrmdljaa 639 12 iQ iq NN work_i5jewootsnhvrcvfsugrmdljaa 639 13 t t NN work_i5jewootsnhvrcvfsugrmdljaa 639 14 , , , work_i5jewootsnhvrcvfsugrmdljaa 639 15 ρ̂ ρ̂ NNP work_i5jewootsnhvrcvfsugrmdljaa 639 16 iZ iZ NNP work_i5jewootsnhvrcvfsugrmdljaa 639 17 t t NN work_i5jewootsnhvrcvfsugrmdljaa 639 18 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 639 19 for for IN work_i5jewootsnhvrcvfsugrmdljaa 639 20 a a DT work_i5jewootsnhvrcvfsugrmdljaa 639 21 trader trader NN work_i5jewootsnhvrcvfsugrmdljaa 639 22 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 639 23 the the DT work_i5jewootsnhvrcvfsugrmdljaa 639 24 two two CD work_i5jewootsnhvrcvfsugrmdljaa 639 25 free free JJ work_i5jewootsnhvrcvfsugrmdljaa 639 26 parameters parameter NNS work_i5jewootsnhvrcvfsugrmdljaa 639 27 . . . work_i5jewootsnhvrcvfsugrmdljaa 640 1 But but CC work_i5jewootsnhvrcvfsugrmdljaa 640 2 under under IN work_i5jewootsnhvrcvfsugrmdljaa 640 3 the the DT work_i5jewootsnhvrcvfsugrmdljaa 640 4 RB RB NNP work_i5jewootsnhvrcvfsugrmdljaa 640 5 theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 640 6 these these DT work_i5jewootsnhvrcvfsugrmdljaa 640 7 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 640 8 not not RB work_i5jewootsnhvrcvfsugrmdljaa 640 9 completely(λ completely(λ NNP work_i5jewootsnhvrcvfsugrmdljaa 640 10 g g NNP work_i5jewootsnhvrcvfsugrmdljaa 640 11 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 640 12 , , , work_i5jewootsnhvrcvfsugrmdljaa 640 13 λ λ NNP work_i5jewootsnhvrcvfsugrmdljaa 640 14 g g NN work_i5jewootsnhvrcvfsugrmdljaa 640 15 Z z NN work_i5jewootsnhvrcvfsugrmdljaa 640 16 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 640 17 free free JJ work_i5jewootsnhvrcvfsugrmdljaa 640 18 either either RB work_i5jewootsnhvrcvfsugrmdljaa 640 19 . . . work_i5jewootsnhvrcvfsugrmdljaa 641 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 641 2 requirements requirement NNS work_i5jewootsnhvrcvfsugrmdljaa 641 3 that that WDT work_i5jewootsnhvrcvfsugrmdljaa 641 4 place place VBP work_i5jewootsnhvrcvfsugrmdljaa 641 5 two two CD work_i5jewootsnhvrcvfsugrmdljaa 641 6 strict strict JJ work_i5jewootsnhvrcvfsugrmdljaa 641 7 conditions condition NNS work_i5jewootsnhvrcvfsugrmdljaa 641 8 on on IN work_i5jewootsnhvrcvfsugrmdljaa 641 9 : : : work_i5jewootsnhvrcvfsugrmdljaa 641 10 σ̂ σ̂ ADD work_i5jewootsnhvrcvfsugrmdljaa 641 11 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 641 12 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 641 13 > > NN work_i5jewootsnhvrcvfsugrmdljaa 641 14 0 0 NFP work_i5jewootsnhvrcvfsugrmdljaa 641 15 , , , work_i5jewootsnhvrcvfsugrmdljaa 641 16 σ̂ σ̂ FW work_i5jewootsnhvrcvfsugrmdljaa 641 17 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 641 18 Z z NN work_i5jewootsnhvrcvfsugrmdljaa 641 19 > > NN work_i5jewootsnhvrcvfsugrmdljaa 641 20 0 0 NFP work_i5jewootsnhvrcvfsugrmdljaa 641 21 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 641 22 λ λ NN work_i5jewootsnhvrcvfsugrmdljaa 641 23 g g NN work_i5jewootsnhvrcvfsugrmdljaa 641 24 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 641 25 , , , work_i5jewootsnhvrcvfsugrmdljaa 641 26 λ λ NNP work_i5jewootsnhvrcvfsugrmdljaa 641 27 g g NN work_i5jewootsnhvrcvfsugrmdljaa 641 28 Z Z NNP work_i5jewootsnhvrcvfsugrmdljaa 641 29 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 641 30 .|λ .|λ . work_i5jewootsnhvrcvfsugrmdljaa 641 31 g g NNP work_i5jewootsnhvrcvfsugrmdljaa 641 32 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 641 33 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 641 34 < < XX work_i5jewootsnhvrcvfsugrmdljaa 641 35 σQ σQ NNP work_i5jewootsnhvrcvfsugrmdljaa 641 36 σg σg NNP work_i5jewootsnhvrcvfsugrmdljaa 641 37 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 641 38 & & CC work_i5jewootsnhvrcvfsugrmdljaa 641 39 λ λ NNP work_i5jewootsnhvrcvfsugrmdljaa 641 40 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 641 41 Z Z NNP work_i5jewootsnhvrcvfsugrmdljaa 641 42 |λ |λ NNP work_i5jewootsnhvrcvfsugrmdljaa 641 43 g g NN work_i5jewootsnhvrcvfsugrmdljaa 641 44 Z Z NNP work_i5jewootsnhvrcvfsugrmdljaa 641 45 | | NNP work_i5jewootsnhvrcvfsugrmdljaa 641 46 < < XX work_i5jewootsnhvrcvfsugrmdljaa 641 47 σZ σZ NNP work_i5jewootsnhvrcvfsugrmdljaa 641 48 σg σg NNP work_i5jewootsnhvrcvfsugrmdljaa 641 49 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 641 50 & & CC work_i5jewootsnhvrcvfsugrmdljaa 641 51 λ λ NNP work_i5jewootsnhvrcvfsugrmdljaa 641 52 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 641 53 Z Z NNP work_i5jewootsnhvrcvfsugrmdljaa 641 54 Next Next NNP work_i5jewootsnhvrcvfsugrmdljaa 641 55 , , , work_i5jewootsnhvrcvfsugrmdljaa 641 56 to to TO work_i5jewootsnhvrcvfsugrmdljaa 641 57 ensure ensure VB work_i5jewootsnhvrcvfsugrmdljaa 641 58 the the DT work_i5jewootsnhvrcvfsugrmdljaa 641 59 covariance covariance NN work_i5jewootsnhvrcvfsugrmdljaa 641 60 matrix matrix NN work_i5jewootsnhvrcvfsugrmdljaa 641 61 in in IN work_i5jewootsnhvrcvfsugrmdljaa 641 62 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 641 63 14a)-(14b 14a)-(14b NN work_i5jewootsnhvrcvfsugrmdljaa 641 64 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 641 65 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 641 66 positive positive JJ work_i5jewootsnhvrcvfsugrmdljaa 641 67 definite definite JJ work_i5jewootsnhvrcvfsugrmdljaa 641 68 one one PRP work_i5jewootsnhvrcvfsugrmdljaa 641 69 must must MD work_i5jewootsnhvrcvfsugrmdljaa 641 70 impose impose VB work_i5jewootsnhvrcvfsugrmdljaa 641 71 an an DT work_i5jewootsnhvrcvfsugrmdljaa 641 72 additional additional JJ work_i5jewootsnhvrcvfsugrmdljaa 641 73 condition condition NN work_i5jewootsnhvrcvfsugrmdljaa 641 74 . . . work_i5jewootsnhvrcvfsugrmdljaa 642 1 A a DT work_i5jewootsnhvrcvfsugrmdljaa 642 2 condition condition NN work_i5jewootsnhvrcvfsugrmdljaa 642 3 such such JJ work_i5jewootsnhvrcvfsugrmdljaa 642 4 as as IN work_i5jewootsnhvrcvfsugrmdljaa 642 5 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 642 6 & & CC work_i5jewootsnhvrcvfsugrmdljaa 642 7 λ λ NNP work_i5jewootsnhvrcvfsugrmdljaa 642 8 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 642 9 Z Z NNP work_i5jewootsnhvrcvfsugrmdljaa 642 10 σ σ NN work_i5jewootsnhvrcvfsugrmdljaa 642 11 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 642 12 g g NN work_i5jewootsnhvrcvfsugrmdljaa 642 13 > > XX work_i5jewootsnhvrcvfsugrmdljaa 642 14 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 642 15 λ λ NN work_i5jewootsnhvrcvfsugrmdljaa 642 16 g g NN work_i5jewootsnhvrcvfsugrmdljaa 642 17 Z Z NNP work_i5jewootsnhvrcvfsugrmdljaa 642 18 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 642 19 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 642 20 σ σ SYM work_i5jewootsnhvrcvfsugrmdljaa 642 21 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 642 22 Z z NN work_i5jewootsnhvrcvfsugrmdljaa 642 23 % % NN work_i5jewootsnhvrcvfsugrmdljaa 642 24 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 642 25 λ λ NN work_i5jewootsnhvrcvfsugrmdljaa 642 26 g g NN work_i5jewootsnhvrcvfsugrmdljaa 642 27 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 642 28 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 642 29 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 642 30 σ σ NN work_i5jewootsnhvrcvfsugrmdljaa 642 31 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 642 32 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 642 33 35 35 CD work_i5jewootsnhvrcvfsugrmdljaa 642 34 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 642 35 sufficient sufficient JJ work_i5jewootsnhvrcvfsugrmdljaa 642 36 . . . work_i5jewootsnhvrcvfsugrmdljaa 643 1 Finally finally RB work_i5jewootsnhvrcvfsugrmdljaa 643 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 643 3 if if IN work_i5jewootsnhvrcvfsugrmdljaa 643 4 one one NN work_i5jewootsnhvrcvfsugrmdljaa 643 5 accepts accept VBZ work_i5jewootsnhvrcvfsugrmdljaa 643 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 643 7 Bayesian bayesian JJ work_i5jewootsnhvrcvfsugrmdljaa 643 8 procedure procedure NN work_i5jewootsnhvrcvfsugrmdljaa 643 9 in in IN work_i5jewootsnhvrcvfsugrmdljaa 643 10 Section section NN work_i5jewootsnhvrcvfsugrmdljaa 643 11 3.5 3.5 CD work_i5jewootsnhvrcvfsugrmdljaa 643 12 as as IN work_i5jewootsnhvrcvfsugrmdljaa 643 13 the the DT work_i5jewootsnhvrcvfsugrmdljaa 643 14 basis basis NN work_i5jewootsnhvrcvfsugrmdljaa 643 15 for for IN work_i5jewootsnhvrcvfsugrmdljaa 643 16 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 643 17 10 10 CD work_i5jewootsnhvrcvfsugrmdljaa 643 18 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 643 19 , , , work_i5jewootsnhvrcvfsugrmdljaa 643 20 one one PRP work_i5jewootsnhvrcvfsugrmdljaa 643 21 can can MD work_i5jewootsnhvrcvfsugrmdljaa 643 22 also also RB work_i5jewootsnhvrcvfsugrmdljaa 643 23 insist insist VB work_i5jewootsnhvrcvfsugrmdljaa 643 24 on on IN work_i5jewootsnhvrcvfsugrmdljaa 643 25 the the DT work_i5jewootsnhvrcvfsugrmdljaa 643 26 restriction restriction NN work_i5jewootsnhvrcvfsugrmdljaa 643 27 , , , work_i5jewootsnhvrcvfsugrmdljaa 643 28 but but CC work_i5jewootsnhvrcvfsugrmdljaa 643 29 this this DT work_i5jewootsnhvrcvfsugrmdljaa 643 30 restriction restriction NN work_i5jewootsnhvrcvfsugrmdljaa 643 31 does do VBZ work_i5jewootsnhvrcvfsugrmdljaa 643 32 not not RB work_i5jewootsnhvrcvfsugrmdljaa 643 33 flow flow VB work_i5jewootsnhvrcvfsugrmdljaa 643 34 from from IN work_i5jewootsnhvrcvfsugrmdljaa 643 35 the the DT work_i5jewootsnhvrcvfsugrmdljaa 643 36 basic basic JJ work_i5jewootsnhvrcvfsugrmdljaa 643 37 RB RB NNP work_i5jewootsnhvrcvfsugrmdljaa 643 38 condition.λ condition.λ NN work_i5jewootsnhvrcvfsugrmdljaa 643 39 g g NN work_i5jewootsnhvrcvfsugrmdljaa 643 40 Q q NN work_i5jewootsnhvrcvfsugrmdljaa 643 41 ' ' '' work_i5jewootsnhvrcvfsugrmdljaa 643 42 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 643 43 Within within IN work_i5jewootsnhvrcvfsugrmdljaa 643 44 the the DT work_i5jewootsnhvrcvfsugrmdljaa 643 45 Bayesian bayesian JJ work_i5jewootsnhvrcvfsugrmdljaa 643 46 framework framework NN work_i5jewootsnhvrcvfsugrmdljaa 643 47 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 643 48 would would MD work_i5jewootsnhvrcvfsugrmdljaa 643 49 also also RB work_i5jewootsnhvrcvfsugrmdljaa 643 50 insist insist VB work_i5jewootsnhvrcvfsugrmdljaa 643 51 that that IN work_i5jewootsnhvrcvfsugrmdljaa 643 52 the the DT work_i5jewootsnhvrcvfsugrmdljaa 643 53 time time NN work_i5jewootsnhvrcvfsugrmdljaa 643 54 average average NN work_i5jewootsnhvrcvfsugrmdljaa 643 55 of of IN work_i5jewootsnhvrcvfsugrmdljaa 643 56 the the DT work_i5jewootsnhvrcvfsugrmdljaa 643 57 distinct distinct JJ work_i5jewootsnhvrcvfsugrmdljaa 643 58 valuations valuation NNS work_i5jewootsnhvrcvfsugrmdljaa 643 59 under under IN work_i5jewootsnhvrcvfsugrmdljaa 643 60 qualitative qualitative JJ work_i5jewootsnhvrcvfsugrmdljaa 643 61 assessment assessment NN work_i5jewootsnhvrcvfsugrmdljaa 643 62 be be VB work_i5jewootsnhvrcvfsugrmdljaa 643 63 zero zero CD work_i5jewootsnhvrcvfsugrmdljaa 643 64 as as IN work_i5jewootsnhvrcvfsugrmdljaa 643 65 they -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 643 66 would would MD work_i5jewootsnhvrcvfsugrmdljaa 643 67 measure measure VB work_i5jewootsnhvrcvfsugrmdljaa 643 68 only only RB work_i5jewootsnhvrcvfsugrmdljaa 643 69 deviations deviation NNS work_i5jewootsnhvrcvfsugrmdljaa 643 70 from from IN work_i5jewootsnhvrcvfsugrmdljaa 643 71 the the DT work_i5jewootsnhvrcvfsugrmdljaa 643 72 stationary stationary JJ work_i5jewootsnhvrcvfsugrmdljaa 643 73 forecast forecast NN work_i5jewootsnhvrcvfsugrmdljaa 643 74 . . . work_i5jewootsnhvrcvfsugrmdljaa 644 1 We -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 644 2 then then RB work_i5jewootsnhvrcvfsugrmdljaa 644 3 see see VBP work_i5jewootsnhvrcvfsugrmdljaa 644 4 that that IN work_i5jewootsnhvrcvfsugrmdljaa 644 5 the the DT work_i5jewootsnhvrcvfsugrmdljaa 644 6 " " `` work_i5jewootsnhvrcvfsugrmdljaa 644 7 free free JJ work_i5jewootsnhvrcvfsugrmdljaa 644 8 " " '' work_i5jewootsnhvrcvfsugrmdljaa 644 9 parameters parameter NNS work_i5jewootsnhvrcvfsugrmdljaa 644 10 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 644 11 restricted restrict VBN work_i5jewootsnhvrcvfsugrmdljaa 644 12 to to IN work_i5jewootsnhvrcvfsugrmdljaa 644 13 a a DT work_i5jewootsnhvrcvfsugrmdljaa 644 14 rather rather RB work_i5jewootsnhvrcvfsugrmdljaa 644 15 narrow narrow JJ work_i5jewootsnhvrcvfsugrmdljaa 644 16 range range NN work_i5jewootsnhvrcvfsugrmdljaa 644 17 . . . work_i5jewootsnhvrcvfsugrmdljaa 645 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 645 2 λ λ NNP work_i5jewootsnhvrcvfsugrmdljaa 645 3 g g NNP work_i5jewootsnhvrcvfsugrmdljaa 645 4 Q Q NNP work_i5jewootsnhvrcvfsugrmdljaa 645 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 645 6 λ λ NNP work_i5jewootsnhvrcvfsugrmdljaa 645 7 g g NN work_i5jewootsnhvrcvfsugrmdljaa 645 8 Z z NN work_i5jewootsnhvrcvfsugrmdljaa 645 9 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 645 10 4.4 4.4 CD work_i5jewootsnhvrcvfsugrmdljaa 645 11 Difference Difference NNP work_i5jewootsnhvrcvfsugrmdljaa 645 12 in in IN work_i5jewootsnhvrcvfsugrmdljaa 645 13 Testable Testable NNP work_i5jewootsnhvrcvfsugrmdljaa 645 14 Implications implication NNS work_i5jewootsnhvrcvfsugrmdljaa 645 15 In in IN work_i5jewootsnhvrcvfsugrmdljaa 645 16 Section section NN work_i5jewootsnhvrcvfsugrmdljaa 645 17 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 645 18 we -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 645 19 explored explore VBD work_i5jewootsnhvrcvfsugrmdljaa 645 20 the the DT work_i5jewootsnhvrcvfsugrmdljaa 645 21 assumptions assumption NNS work_i5jewootsnhvrcvfsugrmdljaa 645 22 of of IN work_i5jewootsnhvrcvfsugrmdljaa 645 23 the the DT work_i5jewootsnhvrcvfsugrmdljaa 645 24 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 645 25 theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 645 26 . . . work_i5jewootsnhvrcvfsugrmdljaa 646 1 Since since IN work_i5jewootsnhvrcvfsugrmdljaa 646 2 neither neither CC work_i5jewootsnhvrcvfsugrmdljaa 646 3 the the DT work_i5jewootsnhvrcvfsugrmdljaa 646 4 private private JJ work_i5jewootsnhvrcvfsugrmdljaa 646 5 signals signal NNS work_i5jewootsnhvrcvfsugrmdljaa 646 6 nor nor CC work_i5jewootsnhvrcvfsugrmdljaa 646 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 646 8 supply supply NN work_i5jewootsnhvrcvfsugrmdljaa 646 9 noise noise NN work_i5jewootsnhvrcvfsugrmdljaa 646 10 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 646 11 observable observable JJ work_i5jewootsnhvrcvfsugrmdljaa 646 12 , , , work_i5jewootsnhvrcvfsugrmdljaa 646 13 the the DT work_i5jewootsnhvrcvfsugrmdljaa 646 14 PI PI NNP work_i5jewootsnhvrcvfsugrmdljaa 646 15 theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 646 16 lacks lack VBZ work_i5jewootsnhvrcvfsugrmdljaa 646 17 testable testable JJ work_i5jewootsnhvrcvfsugrmdljaa 646 18 implications implication NNS work_i5jewootsnhvrcvfsugrmdljaa 646 19 . . . work_i5jewootsnhvrcvfsugrmdljaa 647 1 The the DT work_i5jewootsnhvrcvfsugrmdljaa 647 2 model model NN work_i5jewootsnhvrcvfsugrmdljaa 647 3 ’s ’s POS work_i5jewootsnhvrcvfsugrmdljaa 647 4 key key JJ work_i5jewootsnhvrcvfsugrmdljaa 647 5 implication implication NN work_i5jewootsnhvrcvfsugrmdljaa 647 6 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 647 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 647 8 price price NN work_i5jewootsnhvrcvfsugrmdljaa 647 9 map map NN work_i5jewootsnhvrcvfsugrmdljaa 647 10 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 647 11 results result VBZ work_i5jewootsnhvrcvfsugrmdljaa 647 12 from from IN work_i5jewootsnhvrcvfsugrmdljaa 647 13 the the DT work_i5jewootsnhvrcvfsugrmdljaa 647 14 informational informational JJ work_i5jewootsnhvrcvfsugrmdljaa 647 15 assumptions assumption NNS work_i5jewootsnhvrcvfsugrmdljaa 647 16 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 647 17 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 647 18 contrived contrive VBN work_i5jewootsnhvrcvfsugrmdljaa 647 19 and and CC work_i5jewootsnhvrcvfsugrmdljaa 647 20 implausible implausible JJ work_i5jewootsnhvrcvfsugrmdljaa 647 21 . . . work_i5jewootsnhvrcvfsugrmdljaa 648 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 648 2 contrast contrast NN work_i5jewootsnhvrcvfsugrmdljaa 648 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 648 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 648 5 model model NN work_i5jewootsnhvrcvfsugrmdljaa 648 6 under under IN work_i5jewootsnhvrcvfsugrmdljaa 648 7 HB HB NNP work_i5jewootsnhvrcvfsugrmdljaa 648 8 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 648 9 entirely entirely RB work_i5jewootsnhvrcvfsugrmdljaa 648 10 testable testable JJ work_i5jewootsnhvrcvfsugrmdljaa 648 11 since since IN work_i5jewootsnhvrcvfsugrmdljaa 648 12 all all DT work_i5jewootsnhvrcvfsugrmdljaa 648 13 central central JJ work_i5jewootsnhvrcvfsugrmdljaa 648 14 components component NNS work_i5jewootsnhvrcvfsugrmdljaa 648 15 of of IN work_i5jewootsnhvrcvfsugrmdljaa 648 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 648 17 theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 648 18 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 648 19 observable observable JJ work_i5jewootsnhvrcvfsugrmdljaa 648 20 , , , work_i5jewootsnhvrcvfsugrmdljaa 648 21 including include VBG work_i5jewootsnhvrcvfsugrmdljaa 648 22 the the DT work_i5jewootsnhvrcvfsugrmdljaa 648 23 average average JJ work_i5jewootsnhvrcvfsugrmdljaa 648 24 market market NN work_i5jewootsnhvrcvfsugrmdljaa 648 25 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 648 26 . . . work_i5jewootsnhvrcvfsugrmdljaa 649 1 Data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 649 2 on on IN work_i5jewootsnhvrcvfsugrmdljaa 649 3 the the DT work_i5jewootsnhvrcvfsugrmdljaa 649 4 variables variable NNS work_i5jewootsnhvrcvfsugrmdljaa 649 5 Zt Zt NNP work_i5jewootsnhvrcvfsugrmdljaa 649 6 are be VBP work_i5jewootsnhvrcvfsugrmdljaa 649 7 constructed construct VBN work_i5jewootsnhvrcvfsugrmdljaa 649 8 exactly exactly RB work_i5jewootsnhvrcvfsugrmdljaa 649 9 as as IN work_i5jewootsnhvrcvfsugrmdljaa 649 10 required require VBN work_i5jewootsnhvrcvfsugrmdljaa 649 11 by by IN work_i5jewootsnhvrcvfsugrmdljaa 649 12 averaging average VBG work_i5jewootsnhvrcvfsugrmdljaa 649 13 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 649 14 11 11 CD work_i5jewootsnhvrcvfsugrmdljaa 649 15 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 649 16 . . . work_i5jewootsnhvrcvfsugrmdljaa 650 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 650 2 a a DT work_i5jewootsnhvrcvfsugrmdljaa 650 3 standard standard JJ work_i5jewootsnhvrcvfsugrmdljaa 650 4 asset asset NN work_i5jewootsnhvrcvfsugrmdljaa 650 5 pricing pricing NN work_i5jewootsnhvrcvfsugrmdljaa 650 6 equilibrium equilibrium NN work_i5jewootsnhvrcvfsugrmdljaa 650 7 one one PRP work_i5jewootsnhvrcvfsugrmdljaa 650 8 can can MD work_i5jewootsnhvrcvfsugrmdljaa 650 9 then then RB work_i5jewootsnhvrcvfsugrmdljaa 650 10 write write VB work_i5jewootsnhvrcvfsugrmdljaa 650 11 down down RP work_i5jewootsnhvrcvfsugrmdljaa 650 12 the the DT work_i5jewootsnhvrcvfsugrmdljaa 650 13 Euler Euler NNP work_i5jewootsnhvrcvfsugrmdljaa 650 14 equations equation NNS work_i5jewootsnhvrcvfsugrmdljaa 650 15 of of IN work_i5jewootsnhvrcvfsugrmdljaa 650 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 650 17 agents agent NNS work_i5jewootsnhvrcvfsugrmdljaa 650 18 , , , work_i5jewootsnhvrcvfsugrmdljaa 650 19 aggregate aggregate VB work_i5jewootsnhvrcvfsugrmdljaa 650 20 them -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 650 21 and and CC work_i5jewootsnhvrcvfsugrmdljaa 650 22 use use VB work_i5jewootsnhvrcvfsugrmdljaa 650 23 the the DT work_i5jewootsnhvrcvfsugrmdljaa 650 24 market market NN work_i5jewootsnhvrcvfsugrmdljaa 650 25 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 650 26 on on IN work_i5jewootsnhvrcvfsugrmdljaa 650 27 returns return NNS work_i5jewootsnhvrcvfsugrmdljaa 650 28 , , , work_i5jewootsnhvrcvfsugrmdljaa 650 29 asset asset NN work_i5jewootsnhvrcvfsugrmdljaa 650 30 prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 650 31 and and CC work_i5jewootsnhvrcvfsugrmdljaa 650 32 market market NN work_i5jewootsnhvrcvfsugrmdljaa 650 33 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 650 34 for for IN work_i5jewootsnhvrcvfsugrmdljaa 650 35 a a DT work_i5jewootsnhvrcvfsugrmdljaa 650 36 full full JJ work_i5jewootsnhvrcvfsugrmdljaa 650 37 identification identification NN work_i5jewootsnhvrcvfsugrmdljaa 650 38 . . . work_i5jewootsnhvrcvfsugrmdljaa 651 1 Recent recent JJ work_i5jewootsnhvrcvfsugrmdljaa 651 2 examples example NNS work_i5jewootsnhvrcvfsugrmdljaa 651 3 of of IN work_i5jewootsnhvrcvfsugrmdljaa 651 4 work work NN work_i5jewootsnhvrcvfsugrmdljaa 651 5 where where WRB work_i5jewootsnhvrcvfsugrmdljaa 651 6 this this DT work_i5jewootsnhvrcvfsugrmdljaa 651 7 has have VBZ work_i5jewootsnhvrcvfsugrmdljaa 651 8 been be VBN work_i5jewootsnhvrcvfsugrmdljaa 651 9 done do VBN work_i5jewootsnhvrcvfsugrmdljaa 651 10 include include VBP work_i5jewootsnhvrcvfsugrmdljaa 651 11 Fan Fan NNP work_i5jewootsnhvrcvfsugrmdljaa 651 12 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 651 13 2005 2005 CD work_i5jewootsnhvrcvfsugrmdljaa 651 14 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 651 15 and and CC work_i5jewootsnhvrcvfsugrmdljaa 651 16 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 651 17 and and CC work_i5jewootsnhvrcvfsugrmdljaa 651 18 Motolese Motolese NNP work_i5jewootsnhvrcvfsugrmdljaa 651 19 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 651 20 2006 2006 CD work_i5jewootsnhvrcvfsugrmdljaa 651 21 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 651 22 . . . work_i5jewootsnhvrcvfsugrmdljaa 652 1 These these DT work_i5jewootsnhvrcvfsugrmdljaa 652 2 papers paper NNS work_i5jewootsnhvrcvfsugrmdljaa 652 3 show show VBP work_i5jewootsnhvrcvfsugrmdljaa 652 4 that that IN work_i5jewootsnhvrcvfsugrmdljaa 652 5 with with IN work_i5jewootsnhvrcvfsugrmdljaa 652 6 data datum NNS work_i5jewootsnhvrcvfsugrmdljaa 652 7 on on IN work_i5jewootsnhvrcvfsugrmdljaa 652 8 asset asset NN work_i5jewootsnhvrcvfsugrmdljaa 652 9 returns return NNS work_i5jewootsnhvrcvfsugrmdljaa 652 10 and and CC work_i5jewootsnhvrcvfsugrmdljaa 652 11 market market NN work_i5jewootsnhvrcvfsugrmdljaa 652 12 belief belief NN work_i5jewootsnhvrcvfsugrmdljaa 652 13 an an DT work_i5jewootsnhvrcvfsugrmdljaa 652 14 asset asset NN work_i5jewootsnhvrcvfsugrmdljaa 652 15 pricing pricing NN work_i5jewootsnhvrcvfsugrmdljaa 652 16 theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 652 17 leads lead VBZ work_i5jewootsnhvrcvfsugrmdljaa 652 18 to to IN work_i5jewootsnhvrcvfsugrmdljaa 652 19 specific specific JJ work_i5jewootsnhvrcvfsugrmdljaa 652 20 testable testable JJ work_i5jewootsnhvrcvfsugrmdljaa 652 21 restrictions restriction NNS work_i5jewootsnhvrcvfsugrmdljaa 652 22 . . . work_i5jewootsnhvrcvfsugrmdljaa 653 1 Moreover moreover RB work_i5jewootsnhvrcvfsugrmdljaa 653 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 653 3 by by IN work_i5jewootsnhvrcvfsugrmdljaa 653 4 studying study VBG work_i5jewootsnhvrcvfsugrmdljaa 653 5 the the DT work_i5jewootsnhvrcvfsugrmdljaa 653 6 excess excess JJ work_i5jewootsnhvrcvfsugrmdljaa 653 7 returns return NNS work_i5jewootsnhvrcvfsugrmdljaa 653 8 on on IN work_i5jewootsnhvrcvfsugrmdljaa 653 9 different different JJ work_i5jewootsnhvrcvfsugrmdljaa 653 10 categories category NNS work_i5jewootsnhvrcvfsugrmdljaa 653 11 of of IN work_i5jewootsnhvrcvfsugrmdljaa 653 12 assets asset NNS work_i5jewootsnhvrcvfsugrmdljaa 653 13 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 653 14 i.e. i.e. FW work_i5jewootsnhvrcvfsugrmdljaa 654 1 stocks stock NNS work_i5jewootsnhvrcvfsugrmdljaa 654 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 654 3 bonds bond NNS work_i5jewootsnhvrcvfsugrmdljaa 654 4 , , , work_i5jewootsnhvrcvfsugrmdljaa 654 5 etc etc FW work_i5jewootsnhvrcvfsugrmdljaa 654 6 . . . work_i5jewootsnhvrcvfsugrmdljaa 654 7 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 655 1 one one PRP work_i5jewootsnhvrcvfsugrmdljaa 655 2 derives derive VBZ work_i5jewootsnhvrcvfsugrmdljaa 655 3 sharp sharp JJ work_i5jewootsnhvrcvfsugrmdljaa 655 4 estimates estimate NNS work_i5jewootsnhvrcvfsugrmdljaa 655 5 of of IN work_i5jewootsnhvrcvfsugrmdljaa 655 6 the the DT work_i5jewootsnhvrcvfsugrmdljaa 655 7 market market NN work_i5jewootsnhvrcvfsugrmdljaa 655 8 risk risk NN work_i5jewootsnhvrcvfsugrmdljaa 655 9 premia premia NN work_i5jewootsnhvrcvfsugrmdljaa 655 10 of of IN work_i5jewootsnhvrcvfsugrmdljaa 655 11 different different JJ work_i5jewootsnhvrcvfsugrmdljaa 655 12 assets asset NNS work_i5jewootsnhvrcvfsugrmdljaa 655 13 and and CC work_i5jewootsnhvrcvfsugrmdljaa 655 14 the the DT work_i5jewootsnhvrcvfsugrmdljaa 655 15 effect effect NN work_i5jewootsnhvrcvfsugrmdljaa 655 16 of of IN work_i5jewootsnhvrcvfsugrmdljaa 655 17 market market NN work_i5jewootsnhvrcvfsugrmdljaa 655 18 beliefs belief NNS work_i5jewootsnhvrcvfsugrmdljaa 655 19 on on IN work_i5jewootsnhvrcvfsugrmdljaa 655 20 such such JJ work_i5jewootsnhvrcvfsugrmdljaa 655 21 premia premia NN work_i5jewootsnhvrcvfsugrmdljaa 655 22 . . . work_i5jewootsnhvrcvfsugrmdljaa 656 1 Clearly clearly RB work_i5jewootsnhvrcvfsugrmdljaa 656 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 656 3 the the DT work_i5jewootsnhvrcvfsugrmdljaa 656 4 empirical empirical JJ work_i5jewootsnhvrcvfsugrmdljaa 656 5 evidence evidence NN work_i5jewootsnhvrcvfsugrmdljaa 656 6 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 656 7 the the DT work_i5jewootsnhvrcvfsugrmdljaa 656 8 decisive decisive JJ work_i5jewootsnhvrcvfsugrmdljaa 656 9 factor factor NN work_i5jewootsnhvrcvfsugrmdljaa 656 10 to to TO work_i5jewootsnhvrcvfsugrmdljaa 656 11 reveal reveal VB work_i5jewootsnhvrcvfsugrmdljaa 656 12 which which WDT work_i5jewootsnhvrcvfsugrmdljaa 656 13 of of IN work_i5jewootsnhvrcvfsugrmdljaa 656 14 the the DT work_i5jewootsnhvrcvfsugrmdljaa 656 15 two two CD work_i5jewootsnhvrcvfsugrmdljaa 656 16 theories theory NNS work_i5jewootsnhvrcvfsugrmdljaa 656 17 discussed discuss VBN work_i5jewootsnhvrcvfsugrmdljaa 656 18 here here RB work_i5jewootsnhvrcvfsugrmdljaa 656 19 is be VBZ work_i5jewootsnhvrcvfsugrmdljaa 656 20 superior superior JJ work_i5jewootsnhvrcvfsugrmdljaa 656 21 . . . work_i5jewootsnhvrcvfsugrmdljaa 657 1 References References NNP work_i5jewootsnhvrcvfsugrmdljaa 657 2 Allen Allen NNP work_i5jewootsnhvrcvfsugrmdljaa 657 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 657 4 F. F. NNP work_i5jewootsnhvrcvfsugrmdljaa 657 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 657 6 Morris Morris NNP work_i5jewootsnhvrcvfsugrmdljaa 657 7 , , , work_i5jewootsnhvrcvfsugrmdljaa 657 8 S. S. NNP work_i5jewootsnhvrcvfsugrmdljaa 657 9 , , , work_i5jewootsnhvrcvfsugrmdljaa 657 10 Shin Shin NNP work_i5jewootsnhvrcvfsugrmdljaa 657 11 , , , work_i5jewootsnhvrcvfsugrmdljaa 657 12 H.S. H.S. NNP work_i5jewootsnhvrcvfsugrmdljaa 658 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 658 2 2003 2003 CD work_i5jewootsnhvrcvfsugrmdljaa 658 3 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 658 4 : : : work_i5jewootsnhvrcvfsugrmdljaa 658 5 " " `` work_i5jewootsnhvrcvfsugrmdljaa 658 6 Beauty Beauty NNP work_i5jewootsnhvrcvfsugrmdljaa 658 7 Contests Contests NNPS work_i5jewootsnhvrcvfsugrmdljaa 658 8 , , , work_i5jewootsnhvrcvfsugrmdljaa 658 9 Bubbles Bubbles NNPS work_i5jewootsnhvrcvfsugrmdljaa 658 10 and and CC work_i5jewootsnhvrcvfsugrmdljaa 658 11 Iterated Iterated NNP work_i5jewootsnhvrcvfsugrmdljaa 658 12 Expectations Expectations NNPS work_i5jewootsnhvrcvfsugrmdljaa 658 13 in in IN work_i5jewootsnhvrcvfsugrmdljaa 658 14 Asset Asset NNP work_i5jewootsnhvrcvfsugrmdljaa 658 15 Markets Markets NNP work_i5jewootsnhvrcvfsugrmdljaa 658 16 . . . work_i5jewootsnhvrcvfsugrmdljaa 658 17 " " '' work_i5jewootsnhvrcvfsugrmdljaa 659 1 Cowles Cowles NNPS work_i5jewootsnhvrcvfsugrmdljaa 659 2 Foundation Foundation NNP work_i5jewootsnhvrcvfsugrmdljaa 659 3 Discussion Discussion NNP work_i5jewootsnhvrcvfsugrmdljaa 659 4 paper paper NN work_i5jewootsnhvrcvfsugrmdljaa 659 5 No no NN work_i5jewootsnhvrcvfsugrmdljaa 659 6 . . . work_i5jewootsnhvrcvfsugrmdljaa 660 1 1406 1406 CD work_i5jewootsnhvrcvfsugrmdljaa 660 2 . . . work_i5jewootsnhvrcvfsugrmdljaa 661 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 661 2 Forthcoming forthcome VBG work_i5jewootsnhvrcvfsugrmdljaa 661 3 in in IN work_i5jewootsnhvrcvfsugrmdljaa 661 4 the the DT work_i5jewootsnhvrcvfsugrmdljaa 661 5 Review Review NNP work_i5jewootsnhvrcvfsugrmdljaa 661 6 of of IN work_i5jewootsnhvrcvfsugrmdljaa 661 7 Financial Financial NNP work_i5jewootsnhvrcvfsugrmdljaa 661 8 Studies Studies NNPS work_i5jewootsnhvrcvfsugrmdljaa 661 9 , , , work_i5jewootsnhvrcvfsugrmdljaa 661 10 19 19 CD work_i5jewootsnhvrcvfsugrmdljaa 661 11 , , , work_i5jewootsnhvrcvfsugrmdljaa 661 12 2006 2006 CD work_i5jewootsnhvrcvfsugrmdljaa 661 13 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 661 14 . . . work_i5jewootsnhvrcvfsugrmdljaa 662 1 Amato Amato NNP work_i5jewootsnhvrcvfsugrmdljaa 662 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 662 3 J. J. NNP work_i5jewootsnhvrcvfsugrmdljaa 662 4 and and CC work_i5jewootsnhvrcvfsugrmdljaa 662 5 Shin Shin NNP work_i5jewootsnhvrcvfsugrmdljaa 662 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 662 7 H.S. H.S. NNP work_i5jewootsnhvrcvfsugrmdljaa 663 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 663 2 2002 2002 CD work_i5jewootsnhvrcvfsugrmdljaa 663 3 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 663 4 : : : work_i5jewootsnhvrcvfsugrmdljaa 663 5 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 663 6 Imperfect imperfect VB work_i5jewootsnhvrcvfsugrmdljaa 663 7 Common common JJ work_i5jewootsnhvrcvfsugrmdljaa 663 8 Knowledge knowledge NN work_i5jewootsnhvrcvfsugrmdljaa 663 9 and and CC work_i5jewootsnhvrcvfsugrmdljaa 663 10 Economic Economic NNP work_i5jewootsnhvrcvfsugrmdljaa 663 11 Stability Stability NNP work_i5jewootsnhvrcvfsugrmdljaa 663 12 . . . work_i5jewootsnhvrcvfsugrmdljaa 663 13 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 663 14 Working Working NNP work_i5jewootsnhvrcvfsugrmdljaa 663 15 Paper Paper NNP work_i5jewootsnhvrcvfsugrmdljaa 663 16 , , , work_i5jewootsnhvrcvfsugrmdljaa 663 17 London London NNP work_i5jewootsnhvrcvfsugrmdljaa 663 18 School School NNP work_i5jewootsnhvrcvfsugrmdljaa 663 19 of of IN work_i5jewootsnhvrcvfsugrmdljaa 663 20 Economics Economics NNP work_i5jewootsnhvrcvfsugrmdljaa 663 21 and and CC work_i5jewootsnhvrcvfsugrmdljaa 663 22 the the DT work_i5jewootsnhvrcvfsugrmdljaa 663 23 IBS IBS NNP work_i5jewootsnhvrcvfsugrmdljaa 663 24 . . . work_i5jewootsnhvrcvfsugrmdljaa 664 1 Bacchetta Bacchetta NNP work_i5jewootsnhvrcvfsugrmdljaa 664 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 664 3 P. P. NNP work_i5jewootsnhvrcvfsugrmdljaa 664 4 and and CC work_i5jewootsnhvrcvfsugrmdljaa 664 5 van van NNP work_i5jewootsnhvrcvfsugrmdljaa 664 6 Wincoop Wincoop NNP work_i5jewootsnhvrcvfsugrmdljaa 664 7 , , , work_i5jewootsnhvrcvfsugrmdljaa 664 8 E. E. NNP work_i5jewootsnhvrcvfsugrmdljaa 664 9 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 664 10 2005a 2005a CD work_i5jewootsnhvrcvfsugrmdljaa 664 11 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 664 12 : : : work_i5jewootsnhvrcvfsugrmdljaa 664 13 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 664 14 Can Can MD work_i5jewootsnhvrcvfsugrmdljaa 664 15 Information information VB work_i5jewootsnhvrcvfsugrmdljaa 664 16 Heterogeneity heterogeneity NN work_i5jewootsnhvrcvfsugrmdljaa 664 17 Explain explain VB work_i5jewootsnhvrcvfsugrmdljaa 664 18 the the DT work_i5jewootsnhvrcvfsugrmdljaa 664 19 Exchange Exchange NNP work_i5jewootsnhvrcvfsugrmdljaa 664 20 Rate Rate NNP work_i5jewootsnhvrcvfsugrmdljaa 664 21 Determination Determination NNP work_i5jewootsnhvrcvfsugrmdljaa 664 22 Puzzle Puzzle NNP work_i5jewootsnhvrcvfsugrmdljaa 664 23 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 664 24 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 664 25 Working work VBG work_i5jewootsnhvrcvfsugrmdljaa 664 26 paper paper NN work_i5jewootsnhvrcvfsugrmdljaa 664 27 , , , work_i5jewootsnhvrcvfsugrmdljaa 664 28 Study Study NNP work_i5jewootsnhvrcvfsugrmdljaa 664 29 Center Center NNP work_i5jewootsnhvrcvfsugrmdljaa 664 30 Gerzensee Gerzensee NNP work_i5jewootsnhvrcvfsugrmdljaa 664 31 , , , work_i5jewootsnhvrcvfsugrmdljaa 664 32 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 664 33 forthcoming forthcoming JJ work_i5jewootsnhvrcvfsugrmdljaa 664 34 in in IN work_i5jewootsnhvrcvfsugrmdljaa 664 35 the the DT work_i5jewootsnhvrcvfsugrmdljaa 664 36 American American NNP work_i5jewootsnhvrcvfsugrmdljaa 664 37 Economic Economic NNP work_i5jewootsnhvrcvfsugrmdljaa 664 38 Review Review NNP work_i5jewootsnhvrcvfsugrmdljaa 664 39 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 664 40 . . . work_i5jewootsnhvrcvfsugrmdljaa 665 1 Bacchetta Bacchetta NNP work_i5jewootsnhvrcvfsugrmdljaa 665 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 665 3 P. P. NNP work_i5jewootsnhvrcvfsugrmdljaa 665 4 and and CC work_i5jewootsnhvrcvfsugrmdljaa 665 5 van van NNP work_i5jewootsnhvrcvfsugrmdljaa 665 6 Wincoop Wincoop NNP work_i5jewootsnhvrcvfsugrmdljaa 665 7 , , , work_i5jewootsnhvrcvfsugrmdljaa 665 8 E. E. NNP work_i5jewootsnhvrcvfsugrmdljaa 665 9 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 665 10 2005b 2005b CD work_i5jewootsnhvrcvfsugrmdljaa 665 11 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 665 12 : : : work_i5jewootsnhvrcvfsugrmdljaa 665 13 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 665 14 Higher high JJR work_i5jewootsnhvrcvfsugrmdljaa 665 15 Order Order NNP work_i5jewootsnhvrcvfsugrmdljaa 665 16 Expectations Expectations NNPS work_i5jewootsnhvrcvfsugrmdljaa 665 17 in in IN work_i5jewootsnhvrcvfsugrmdljaa 665 18 Asset Asset NNP work_i5jewootsnhvrcvfsugrmdljaa 665 19 Pricing Pricing NNP work_i5jewootsnhvrcvfsugrmdljaa 665 20 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 665 21 Working work VBG work_i5jewootsnhvrcvfsugrmdljaa 665 22 paper paper NN work_i5jewootsnhvrcvfsugrmdljaa 665 23 , , , work_i5jewootsnhvrcvfsugrmdljaa 665 24 Study Study NNP work_i5jewootsnhvrcvfsugrmdljaa 665 25 Center Center NNP work_i5jewootsnhvrcvfsugrmdljaa 665 26 Gerzensee Gerzensee NNP work_i5jewootsnhvrcvfsugrmdljaa 665 27 . . . work_i5jewootsnhvrcvfsugrmdljaa 666 1 Batchelor Batchelor NNP work_i5jewootsnhvrcvfsugrmdljaa 666 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 666 3 R. R. NNP work_i5jewootsnhvrcvfsugrmdljaa 666 4 and and CC work_i5jewootsnhvrcvfsugrmdljaa 666 5 Dua Dua NNP work_i5jewootsnhvrcvfsugrmdljaa 666 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 666 7 P. P. NNP work_i5jewootsnhvrcvfsugrmdljaa 666 8 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 666 9 1991 1991 CD work_i5jewootsnhvrcvfsugrmdljaa 666 10 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 666 11 : : : work_i5jewootsnhvrcvfsugrmdljaa 666 12 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 666 13 Blue Blue NNP work_i5jewootsnhvrcvfsugrmdljaa 666 14 Chip Chip NNP work_i5jewootsnhvrcvfsugrmdljaa 666 15 Rationality Rationality NNP work_i5jewootsnhvrcvfsugrmdljaa 666 16 Tests Tests NNPS work_i5jewootsnhvrcvfsugrmdljaa 666 17 . . . work_i5jewootsnhvrcvfsugrmdljaa 666 18 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 666 19 Journal Journal NNP work_i5jewootsnhvrcvfsugrmdljaa 666 20 of of IN work_i5jewootsnhvrcvfsugrmdljaa 666 21 Money Money NNP work_i5jewootsnhvrcvfsugrmdljaa 666 22 , , , work_i5jewootsnhvrcvfsugrmdljaa 666 23 Credit Credit NNP work_i5jewootsnhvrcvfsugrmdljaa 666 24 and and CC work_i5jewootsnhvrcvfsugrmdljaa 666 25 36 36 CD work_i5jewootsnhvrcvfsugrmdljaa 666 26 Banking banking NN work_i5jewootsnhvrcvfsugrmdljaa 666 27 , , , work_i5jewootsnhvrcvfsugrmdljaa 666 28 23 23 CD work_i5jewootsnhvrcvfsugrmdljaa 666 29 , , , work_i5jewootsnhvrcvfsugrmdljaa 666 30 692 692 CD work_i5jewootsnhvrcvfsugrmdljaa 666 31 - - SYM work_i5jewootsnhvrcvfsugrmdljaa 666 32 705 705 CD work_i5jewootsnhvrcvfsugrmdljaa 666 33 . . . work_i5jewootsnhvrcvfsugrmdljaa 667 1 Blanchard Blanchard NNP work_i5jewootsnhvrcvfsugrmdljaa 667 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 667 3 O. O. NNP work_i5jewootsnhvrcvfsugrmdljaa 667 4 J. J. NNP work_i5jewootsnhvrcvfsugrmdljaa 667 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 667 6 and and CC work_i5jewootsnhvrcvfsugrmdljaa 667 7 Kahn Kahn NNP work_i5jewootsnhvrcvfsugrmdljaa 667 8 , , , work_i5jewootsnhvrcvfsugrmdljaa 667 9 C. C. NNP work_i5jewootsnhvrcvfsugrmdljaa 667 10 M. M. NNP work_i5jewootsnhvrcvfsugrmdljaa 667 11 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 667 12 1980 1980 CD work_i5jewootsnhvrcvfsugrmdljaa 667 13 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 667 14 : : : work_i5jewootsnhvrcvfsugrmdljaa 667 15 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 667 16 The the DT work_i5jewootsnhvrcvfsugrmdljaa 667 17 Solution Solution NNP work_i5jewootsnhvrcvfsugrmdljaa 667 18 of of IN work_i5jewootsnhvrcvfsugrmdljaa 667 19 Linear Linear NNP work_i5jewootsnhvrcvfsugrmdljaa 667 20 Difference Difference NNP work_i5jewootsnhvrcvfsugrmdljaa 667 21 Models Models NNP work_i5jewootsnhvrcvfsugrmdljaa 667 22 Under under IN work_i5jewootsnhvrcvfsugrmdljaa 667 23 Rational Rational NNP work_i5jewootsnhvrcvfsugrmdljaa 667 24 Expectations Expectations NNPS work_i5jewootsnhvrcvfsugrmdljaa 667 25 . . . work_i5jewootsnhvrcvfsugrmdljaa 667 26 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 667 27 Econometrica Econometrica NNP work_i5jewootsnhvrcvfsugrmdljaa 667 28 , , , work_i5jewootsnhvrcvfsugrmdljaa 667 29 48 48 CD work_i5jewootsnhvrcvfsugrmdljaa 667 30 , , , work_i5jewootsnhvrcvfsugrmdljaa 667 31 1305 1305 CD work_i5jewootsnhvrcvfsugrmdljaa 667 32 - - SYM work_i5jewootsnhvrcvfsugrmdljaa 667 33 1311 1311 CD work_i5jewootsnhvrcvfsugrmdljaa 667 34 . . . work_i5jewootsnhvrcvfsugrmdljaa 668 1 Brown Brown NNP work_i5jewootsnhvrcvfsugrmdljaa 668 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 668 3 D. D. NNP work_i5jewootsnhvrcvfsugrmdljaa 668 4 and and CC work_i5jewootsnhvrcvfsugrmdljaa 668 5 Jennings Jennings NNP work_i5jewootsnhvrcvfsugrmdljaa 668 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 668 7 R. R. NNP work_i5jewootsnhvrcvfsugrmdljaa 668 8 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 668 9 1989 1989 CD work_i5jewootsnhvrcvfsugrmdljaa 668 10 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 668 11 : : : work_i5jewootsnhvrcvfsugrmdljaa 668 12 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 668 13 On on IN work_i5jewootsnhvrcvfsugrmdljaa 668 14 Technical Technical NNP work_i5jewootsnhvrcvfsugrmdljaa 668 15 Analysis Analysis NNP work_i5jewootsnhvrcvfsugrmdljaa 668 16 . . . work_i5jewootsnhvrcvfsugrmdljaa 668 17 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 668 18 Review Review NNP work_i5jewootsnhvrcvfsugrmdljaa 668 19 of of IN work_i5jewootsnhvrcvfsugrmdljaa 668 20 Financial Financial NNP work_i5jewootsnhvrcvfsugrmdljaa 668 21 Studies Studies NNPS work_i5jewootsnhvrcvfsugrmdljaa 668 22 , , , work_i5jewootsnhvrcvfsugrmdljaa 668 23 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 668 24 , , , work_i5jewootsnhvrcvfsugrmdljaa 668 25 527- 527- CD work_i5jewootsnhvrcvfsugrmdljaa 668 26 551 551 CD work_i5jewootsnhvrcvfsugrmdljaa 668 27 . . . work_i5jewootsnhvrcvfsugrmdljaa 669 1 Detemple Detemple NNP work_i5jewootsnhvrcvfsugrmdljaa 669 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 669 3 J. J. NNP work_i5jewootsnhvrcvfsugrmdljaa 669 4 , , , work_i5jewootsnhvrcvfsugrmdljaa 669 5 Murthy Murthy NNP work_i5jewootsnhvrcvfsugrmdljaa 669 6 S.(1994 S.(1994 NNP work_i5jewootsnhvrcvfsugrmdljaa 669 7 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 669 8 : : : work_i5jewootsnhvrcvfsugrmdljaa 669 9 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 669 10 Intertemporal Intertemporal NNP work_i5jewootsnhvrcvfsugrmdljaa 669 11 Asset Asset NNP work_i5jewootsnhvrcvfsugrmdljaa 669 12 Pricing Pricing NNP work_i5jewootsnhvrcvfsugrmdljaa 669 13 with with IN work_i5jewootsnhvrcvfsugrmdljaa 669 14 Heterogeneous Heterogeneous NNP work_i5jewootsnhvrcvfsugrmdljaa 669 15 Beliefs Beliefs NNPS work_i5jewootsnhvrcvfsugrmdljaa 669 16 . . . work_i5jewootsnhvrcvfsugrmdljaa 669 17 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 669 18 Journal Journal NNP work_i5jewootsnhvrcvfsugrmdljaa 669 19 of of IN work_i5jewootsnhvrcvfsugrmdljaa 669 20 Economic Economic NNP work_i5jewootsnhvrcvfsugrmdljaa 669 21 Theory Theory NNP work_i5jewootsnhvrcvfsugrmdljaa 669 22 62 62 CD work_i5jewootsnhvrcvfsugrmdljaa 669 23 , , , work_i5jewootsnhvrcvfsugrmdljaa 669 24 294 294 CD work_i5jewootsnhvrcvfsugrmdljaa 669 25 - - SYM work_i5jewootsnhvrcvfsugrmdljaa 669 26 320 320 CD work_i5jewootsnhvrcvfsugrmdljaa 669 27 Diamond Diamond NNP work_i5jewootsnhvrcvfsugrmdljaa 669 28 , , , work_i5jewootsnhvrcvfsugrmdljaa 669 29 D. D. NNP work_i5jewootsnhvrcvfsugrmdljaa 669 30 and and CC work_i5jewootsnhvrcvfsugrmdljaa 669 31 Verrecchia Verrecchia NNP work_i5jewootsnhvrcvfsugrmdljaa 669 32 , , , work_i5jewootsnhvrcvfsugrmdljaa 669 33 R. R. NNP work_i5jewootsnhvrcvfsugrmdljaa 669 34 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 669 35 1981 1981 CD work_i5jewootsnhvrcvfsugrmdljaa 669 36 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 669 37 : : : work_i5jewootsnhvrcvfsugrmdljaa 669 38 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 669 39 Information Information NNP work_i5jewootsnhvrcvfsugrmdljaa 669 40 Aggregation Aggregation NNP work_i5jewootsnhvrcvfsugrmdljaa 669 41 in in IN work_i5jewootsnhvrcvfsugrmdljaa 669 42 a a DT work_i5jewootsnhvrcvfsugrmdljaa 669 43 Noisy Noisy NNP work_i5jewootsnhvrcvfsugrmdljaa 669 44 Rational Rational NNP work_i5jewootsnhvrcvfsugrmdljaa 669 45 Expectations Expectations NNPS work_i5jewootsnhvrcvfsugrmdljaa 669 46 Equilibrium Equilibrium NNP work_i5jewootsnhvrcvfsugrmdljaa 669 47 . . . work_i5jewootsnhvrcvfsugrmdljaa 669 48 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 669 49 Journal Journal NNP work_i5jewootsnhvrcvfsugrmdljaa 669 50 of of IN work_i5jewootsnhvrcvfsugrmdljaa 669 51 Financial Financial NNP work_i5jewootsnhvrcvfsugrmdljaa 669 52 Economics Economics NNP work_i5jewootsnhvrcvfsugrmdljaa 669 53 , , , work_i5jewootsnhvrcvfsugrmdljaa 669 54 9 9 CD work_i5jewootsnhvrcvfsugrmdljaa 669 55 , , , work_i5jewootsnhvrcvfsugrmdljaa 669 56 221 221 CD work_i5jewootsnhvrcvfsugrmdljaa 669 57 - - SYM work_i5jewootsnhvrcvfsugrmdljaa 669 58 235 235 CD work_i5jewootsnhvrcvfsugrmdljaa 669 59 Fan Fan NNP work_i5jewootsnhvrcvfsugrmdljaa 669 60 , , , work_i5jewootsnhvrcvfsugrmdljaa 669 61 M. M. NNP work_i5jewootsnhvrcvfsugrmdljaa 669 62 , , , work_i5jewootsnhvrcvfsugrmdljaa 669 63 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 669 64 2005 2005 CD work_i5jewootsnhvrcvfsugrmdljaa 669 65 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 669 66 : : : work_i5jewootsnhvrcvfsugrmdljaa 669 67 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 669 68 Heterogeneous Heterogeneous NNP work_i5jewootsnhvrcvfsugrmdljaa 669 69 Beliefs Beliefs NNPS work_i5jewootsnhvrcvfsugrmdljaa 669 70 , , , work_i5jewootsnhvrcvfsugrmdljaa 669 71 the the DT work_i5jewootsnhvrcvfsugrmdljaa 669 72 Term Term NNP work_i5jewootsnhvrcvfsugrmdljaa 669 73 Structure Structure NNP work_i5jewootsnhvrcvfsugrmdljaa 669 74 and and CC work_i5jewootsnhvrcvfsugrmdljaa 669 75 Time Time NNP work_i5jewootsnhvrcvfsugrmdljaa 669 76 - - HYPH work_i5jewootsnhvrcvfsugrmdljaa 669 77 Varying Varying NNP work_i5jewootsnhvrcvfsugrmdljaa 669 78 Risk Risk NNP work_i5jewootsnhvrcvfsugrmdljaa 669 79 Premia Premia NNP work_i5jewootsnhvrcvfsugrmdljaa 669 80 . . . work_i5jewootsnhvrcvfsugrmdljaa 669 81 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 669 82 Doctoral doctoral JJ work_i5jewootsnhvrcvfsugrmdljaa 669 83 dissertation dissertation NN work_i5jewootsnhvrcvfsugrmdljaa 669 84 submitted submit VBD work_i5jewootsnhvrcvfsugrmdljaa 669 85 to to IN work_i5jewootsnhvrcvfsugrmdljaa 669 86 the the DT work_i5jewootsnhvrcvfsugrmdljaa 669 87 Department Department NNP work_i5jewootsnhvrcvfsugrmdljaa 669 88 of of IN work_i5jewootsnhvrcvfsugrmdljaa 669 89 Economics Economics NNP work_i5jewootsnhvrcvfsugrmdljaa 669 90 , , , work_i5jewootsnhvrcvfsugrmdljaa 669 91 Stanford Stanford NNP work_i5jewootsnhvrcvfsugrmdljaa 669 92 University University NNP work_i5jewootsnhvrcvfsugrmdljaa 669 93 . . . work_i5jewootsnhvrcvfsugrmdljaa 670 1 Grundy Grundy NNP work_i5jewootsnhvrcvfsugrmdljaa 670 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 670 3 B. B. NNP work_i5jewootsnhvrcvfsugrmdljaa 670 4 and and CC work_i5jewootsnhvrcvfsugrmdljaa 670 5 McNichols McNichols NNP work_i5jewootsnhvrcvfsugrmdljaa 670 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 670 7 M. M. NNP work_i5jewootsnhvrcvfsugrmdljaa 670 8 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 670 9 1989 1989 CD work_i5jewootsnhvrcvfsugrmdljaa 670 10 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 670 11 : : : work_i5jewootsnhvrcvfsugrmdljaa 670 12 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 670 13 Trade Trade NNP work_i5jewootsnhvrcvfsugrmdljaa 670 14 and and CC work_i5jewootsnhvrcvfsugrmdljaa 670 15 Revelation Revelation NNP work_i5jewootsnhvrcvfsugrmdljaa 670 16 of of IN work_i5jewootsnhvrcvfsugrmdljaa 670 17 Information Information NNP work_i5jewootsnhvrcvfsugrmdljaa 670 18 Through through IN work_i5jewootsnhvrcvfsugrmdljaa 670 19 Prices price NNS work_i5jewootsnhvrcvfsugrmdljaa 670 20 and and CC work_i5jewootsnhvrcvfsugrmdljaa 670 21 Direct Direct NNP work_i5jewootsnhvrcvfsugrmdljaa 670 22 Disclosure disclosure NN work_i5jewootsnhvrcvfsugrmdljaa 670 23 . . . work_i5jewootsnhvrcvfsugrmdljaa 670 24 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 670 25 Review Review NNP work_i5jewootsnhvrcvfsugrmdljaa 670 26 of of IN work_i5jewootsnhvrcvfsugrmdljaa 670 27 Financial Financial NNP work_i5jewootsnhvrcvfsugrmdljaa 670 28 Studies Studies NNPS work_i5jewootsnhvrcvfsugrmdljaa 670 29 , , , work_i5jewootsnhvrcvfsugrmdljaa 670 30 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 670 31 , , , work_i5jewootsnhvrcvfsugrmdljaa 670 32 495 495 CD work_i5jewootsnhvrcvfsugrmdljaa 670 33 - - SYM work_i5jewootsnhvrcvfsugrmdljaa 670 34 526 526 CD work_i5jewootsnhvrcvfsugrmdljaa 670 35 . . . work_i5jewootsnhvrcvfsugrmdljaa 671 1 Harris Harris NNP work_i5jewootsnhvrcvfsugrmdljaa 671 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 671 3 M. M. NNP work_i5jewootsnhvrcvfsugrmdljaa 671 4 , , , work_i5jewootsnhvrcvfsugrmdljaa 671 5 Raviv Raviv NNP work_i5jewootsnhvrcvfsugrmdljaa 671 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 671 7 A. a. NN work_i5jewootsnhvrcvfsugrmdljaa 672 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 672 2 1993 1993 CD work_i5jewootsnhvrcvfsugrmdljaa 672 3 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 672 4 : : : work_i5jewootsnhvrcvfsugrmdljaa 672 5 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 672 6 Differences difference NNS work_i5jewootsnhvrcvfsugrmdljaa 672 7 of of IN work_i5jewootsnhvrcvfsugrmdljaa 672 8 Opinion opinion NN work_i5jewootsnhvrcvfsugrmdljaa 672 9 Make make VBP work_i5jewootsnhvrcvfsugrmdljaa 672 10 a a DT work_i5jewootsnhvrcvfsugrmdljaa 672 11 Horse Horse NNP work_i5jewootsnhvrcvfsugrmdljaa 672 12 Race race NN work_i5jewootsnhvrcvfsugrmdljaa 672 13 . . . work_i5jewootsnhvrcvfsugrmdljaa 672 14 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 672 15 Review Review NNP work_i5jewootsnhvrcvfsugrmdljaa 672 16 of of IN work_i5jewootsnhvrcvfsugrmdljaa 672 17 Financial Financial NNP work_i5jewootsnhvrcvfsugrmdljaa 672 18 Studies Studies NNP work_i5jewootsnhvrcvfsugrmdljaa 672 19 6 6 CD work_i5jewootsnhvrcvfsugrmdljaa 672 20 , , , work_i5jewootsnhvrcvfsugrmdljaa 672 21 473 473 CD work_i5jewootsnhvrcvfsugrmdljaa 672 22 - - SYM work_i5jewootsnhvrcvfsugrmdljaa 672 23 506 506 CD work_i5jewootsnhvrcvfsugrmdljaa 672 24 Harrison Harrison NNP work_i5jewootsnhvrcvfsugrmdljaa 672 25 , , , work_i5jewootsnhvrcvfsugrmdljaa 672 26 M. M. NNP work_i5jewootsnhvrcvfsugrmdljaa 672 27 and and CC work_i5jewootsnhvrcvfsugrmdljaa 672 28 Kreps Kreps NNP work_i5jewootsnhvrcvfsugrmdljaa 672 29 , , , work_i5jewootsnhvrcvfsugrmdljaa 672 30 D.(1978 D.(1978 NNP work_i5jewootsnhvrcvfsugrmdljaa 672 31 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 672 32 : : : work_i5jewootsnhvrcvfsugrmdljaa 672 33 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 672 34 Speculative Speculative NNP work_i5jewootsnhvrcvfsugrmdljaa 672 35 Investor Investor NNP work_i5jewootsnhvrcvfsugrmdljaa 672 36 Behavior Behavior NNP work_i5jewootsnhvrcvfsugrmdljaa 672 37 in in IN work_i5jewootsnhvrcvfsugrmdljaa 672 38 a a DT work_i5jewootsnhvrcvfsugrmdljaa 672 39 Stock Stock NNP work_i5jewootsnhvrcvfsugrmdljaa 672 40 Market Market NNP work_i5jewootsnhvrcvfsugrmdljaa 672 41 with with IN work_i5jewootsnhvrcvfsugrmdljaa 672 42 Heterogenous Heterogenous NNP work_i5jewootsnhvrcvfsugrmdljaa 672 43 Expectations Expectations NNPS work_i5jewootsnhvrcvfsugrmdljaa 672 44 . . . work_i5jewootsnhvrcvfsugrmdljaa 672 45 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 672 46 Quarterly Quarterly NNP work_i5jewootsnhvrcvfsugrmdljaa 672 47 Journal Journal NNP work_i5jewootsnhvrcvfsugrmdljaa 672 48 of of IN work_i5jewootsnhvrcvfsugrmdljaa 672 49 Economics Economics NNP work_i5jewootsnhvrcvfsugrmdljaa 672 50 92 92 CD work_i5jewootsnhvrcvfsugrmdljaa 672 51 , , , work_i5jewootsnhvrcvfsugrmdljaa 672 52 323 323 CD work_i5jewootsnhvrcvfsugrmdljaa 672 53 - - SYM work_i5jewootsnhvrcvfsugrmdljaa 672 54 336 336 CD work_i5jewootsnhvrcvfsugrmdljaa 672 55 . . . work_i5jewootsnhvrcvfsugrmdljaa 673 1 He -PRON- PRP work_i5jewootsnhvrcvfsugrmdljaa 673 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 673 3 H. H. NNP work_i5jewootsnhvrcvfsugrmdljaa 673 4 and and CC work_i5jewootsnhvrcvfsugrmdljaa 673 5 Wang Wang NNP work_i5jewootsnhvrcvfsugrmdljaa 673 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 673 7 J. J. NNP work_i5jewootsnhvrcvfsugrmdljaa 674 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 674 2 1995 1995 CD work_i5jewootsnhvrcvfsugrmdljaa 674 3 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 674 4 : : : work_i5jewootsnhvrcvfsugrmdljaa 674 5 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 674 6 Differential Differential NNP work_i5jewootsnhvrcvfsugrmdljaa 674 7 Information information NN work_i5jewootsnhvrcvfsugrmdljaa 674 8 and and CC work_i5jewootsnhvrcvfsugrmdljaa 674 9 Dynamic Dynamic NNP work_i5jewootsnhvrcvfsugrmdljaa 674 10 Behavior Behavior NNP work_i5jewootsnhvrcvfsugrmdljaa 674 11 of of IN work_i5jewootsnhvrcvfsugrmdljaa 674 12 Stock Stock NNP work_i5jewootsnhvrcvfsugrmdljaa 674 13 Trading Trading NNP work_i5jewootsnhvrcvfsugrmdljaa 674 14 Volume Volume NNP work_i5jewootsnhvrcvfsugrmdljaa 674 15 . . . work_i5jewootsnhvrcvfsugrmdljaa 674 16 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 674 17 Review Review NNP work_i5jewootsnhvrcvfsugrmdljaa 674 18 of of IN work_i5jewootsnhvrcvfsugrmdljaa 674 19 Financial Financial NNP work_i5jewootsnhvrcvfsugrmdljaa 674 20 Studies Studies NNPS work_i5jewootsnhvrcvfsugrmdljaa 674 21 , , , work_i5jewootsnhvrcvfsugrmdljaa 674 22 8 8 CD work_i5jewootsnhvrcvfsugrmdljaa 674 23 , , , work_i5jewootsnhvrcvfsugrmdljaa 674 24 914 914 CD work_i5jewootsnhvrcvfsugrmdljaa 674 25 - - SYM work_i5jewootsnhvrcvfsugrmdljaa 674 26 972 972 CD work_i5jewootsnhvrcvfsugrmdljaa 674 27 . . . work_i5jewootsnhvrcvfsugrmdljaa 675 1 Hellwig Hellwig NNP work_i5jewootsnhvrcvfsugrmdljaa 675 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 675 3 C. C. NNP work_i5jewootsnhvrcvfsugrmdljaa 675 4 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 675 5 2002 2002 CD work_i5jewootsnhvrcvfsugrmdljaa 675 6 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 675 7 : : : work_i5jewootsnhvrcvfsugrmdljaa 675 8 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 675 9 Public Public NNP work_i5jewootsnhvrcvfsugrmdljaa 675 10 Announcements Announcements NNPS work_i5jewootsnhvrcvfsugrmdljaa 675 11 , , , work_i5jewootsnhvrcvfsugrmdljaa 675 12 Adjustment Adjustment NNP work_i5jewootsnhvrcvfsugrmdljaa 675 13 Delays Delays NNPS work_i5jewootsnhvrcvfsugrmdljaa 675 14 and and CC work_i5jewootsnhvrcvfsugrmdljaa 675 15 the the DT work_i5jewootsnhvrcvfsugrmdljaa 675 16 Business Business NNP work_i5jewootsnhvrcvfsugrmdljaa 675 17 Cycle Cycle NNP work_i5jewootsnhvrcvfsugrmdljaa 675 18 . . . work_i5jewootsnhvrcvfsugrmdljaa 675 19 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 675 20 Working Working NNP work_i5jewootsnhvrcvfsugrmdljaa 675 21 Paper Paper NNP work_i5jewootsnhvrcvfsugrmdljaa 675 22 , , , work_i5jewootsnhvrcvfsugrmdljaa 675 23 Department Department NNP work_i5jewootsnhvrcvfsugrmdljaa 675 24 of of IN work_i5jewootsnhvrcvfsugrmdljaa 675 25 Economics Economics NNP work_i5jewootsnhvrcvfsugrmdljaa 675 26 , , , work_i5jewootsnhvrcvfsugrmdljaa 675 27 UCLA UCLA NNP work_i5jewootsnhvrcvfsugrmdljaa 675 28 . . . work_i5jewootsnhvrcvfsugrmdljaa 676 1 Judd Judd NNP work_i5jewootsnhvrcvfsugrmdljaa 676 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 676 3 K. K. NNP work_i5jewootsnhvrcvfsugrmdljaa 676 4 L. L. NNP work_i5jewootsnhvrcvfsugrmdljaa 676 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 676 6 and and CC work_i5jewootsnhvrcvfsugrmdljaa 676 7 Bernardo Bernardo NNP work_i5jewootsnhvrcvfsugrmdljaa 676 8 , , , work_i5jewootsnhvrcvfsugrmdljaa 676 9 A.E. A.E. NNP work_i5jewootsnhvrcvfsugrmdljaa 677 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 677 2 2000 2000 CD work_i5jewootsnhvrcvfsugrmdljaa 677 3 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 677 4 : : : work_i5jewootsnhvrcvfsugrmdljaa 677 5 " " `` work_i5jewootsnhvrcvfsugrmdljaa 677 6 Asset Asset NNP work_i5jewootsnhvrcvfsugrmdljaa 677 7 Market Market NNP work_i5jewootsnhvrcvfsugrmdljaa 677 8 Equilibrium Equilibrium NNP work_i5jewootsnhvrcvfsugrmdljaa 677 9 with with IN work_i5jewootsnhvrcvfsugrmdljaa 677 10 General General NNP work_i5jewootsnhvrcvfsugrmdljaa 677 11 Tastes Tastes NNPS work_i5jewootsnhvrcvfsugrmdljaa 677 12 , , , work_i5jewootsnhvrcvfsugrmdljaa 677 13 Returns return NNS work_i5jewootsnhvrcvfsugrmdljaa 677 14 , , , work_i5jewootsnhvrcvfsugrmdljaa 677 15 and and CC work_i5jewootsnhvrcvfsugrmdljaa 677 16 Informational Informational NNP work_i5jewootsnhvrcvfsugrmdljaa 677 17 Asymmetries Asymmetries NNP work_i5jewootsnhvrcvfsugrmdljaa 677 18 " " '' work_i5jewootsnhvrcvfsugrmdljaa 677 19 , , , work_i5jewootsnhvrcvfsugrmdljaa 677 20 Journal Journal NNP work_i5jewootsnhvrcvfsugrmdljaa 677 21 of of IN work_i5jewootsnhvrcvfsugrmdljaa 677 22 Financial Financial NNP work_i5jewootsnhvrcvfsugrmdljaa 677 23 Markets Markets NNPS work_i5jewootsnhvrcvfsugrmdljaa 677 24 , , , work_i5jewootsnhvrcvfsugrmdljaa 677 25 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 677 26 , , , work_i5jewootsnhvrcvfsugrmdljaa 677 27 17- 17- NNP work_i5jewootsnhvrcvfsugrmdljaa 677 28 43 43 CD work_i5jewootsnhvrcvfsugrmdljaa 677 29 Judd Judd NNPS work_i5jewootsnhvrcvfsugrmdljaa 677 30 , , , work_i5jewootsnhvrcvfsugrmdljaa 677 31 K. K. NNP work_i5jewootsnhvrcvfsugrmdljaa 677 32 L. L. NNP work_i5jewootsnhvrcvfsugrmdljaa 677 33 , , , work_i5jewootsnhvrcvfsugrmdljaa 677 34 and and CC work_i5jewootsnhvrcvfsugrmdljaa 677 35 Bernardo Bernardo NNP work_i5jewootsnhvrcvfsugrmdljaa 677 36 , , , work_i5jewootsnhvrcvfsugrmdljaa 677 37 A.E. A.E. NNP work_i5jewootsnhvrcvfsugrmdljaa 678 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 678 2 1996 1996 CD work_i5jewootsnhvrcvfsugrmdljaa 678 3 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 678 4 : : : work_i5jewootsnhvrcvfsugrmdljaa 678 5 " " `` work_i5jewootsnhvrcvfsugrmdljaa 678 6 Volume Volume NNP work_i5jewootsnhvrcvfsugrmdljaa 678 7 and and CC work_i5jewootsnhvrcvfsugrmdljaa 678 8 Price Price NNP work_i5jewootsnhvrcvfsugrmdljaa 678 9 Formation Formation NNP work_i5jewootsnhvrcvfsugrmdljaa 678 10 in in IN work_i5jewootsnhvrcvfsugrmdljaa 678 11 an an DT work_i5jewootsnhvrcvfsugrmdljaa 678 12 Asset Asset NNP work_i5jewootsnhvrcvfsugrmdljaa 678 13 Trading Trading NNP work_i5jewootsnhvrcvfsugrmdljaa 678 14 Model Model NNP work_i5jewootsnhvrcvfsugrmdljaa 678 15 with with IN work_i5jewootsnhvrcvfsugrmdljaa 678 16 Asymmetric Asymmetric NNP work_i5jewootsnhvrcvfsugrmdljaa 678 17 Information Information NNP work_i5jewootsnhvrcvfsugrmdljaa 678 18 , , , work_i5jewootsnhvrcvfsugrmdljaa 678 19 " " '' work_i5jewootsnhvrcvfsugrmdljaa 678 20 , , , work_i5jewootsnhvrcvfsugrmdljaa 678 21 Working Working NNP work_i5jewootsnhvrcvfsugrmdljaa 678 22 Paper Paper NNP work_i5jewootsnhvrcvfsugrmdljaa 678 23 , , , work_i5jewootsnhvrcvfsugrmdljaa 678 24 Stanford Stanford NNP work_i5jewootsnhvrcvfsugrmdljaa 678 25 University University NNP work_i5jewootsnhvrcvfsugrmdljaa 678 26 . . . work_i5jewootsnhvrcvfsugrmdljaa 679 1 Lucas Lucas NNP work_i5jewootsnhvrcvfsugrmdljaa 679 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 679 3 R. R. NNP work_i5jewootsnhvrcvfsugrmdljaa 679 4 E. E. NNP work_i5jewootsnhvrcvfsugrmdljaa 679 5 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 679 6 1972 1972 CD work_i5jewootsnhvrcvfsugrmdljaa 679 7 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 679 8 : : : work_i5jewootsnhvrcvfsugrmdljaa 679 9 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 679 10 Expectations expectation NNS work_i5jewootsnhvrcvfsugrmdljaa 679 11 and and CC work_i5jewootsnhvrcvfsugrmdljaa 679 12 the the DT work_i5jewootsnhvrcvfsugrmdljaa 679 13 Neutrality Neutrality NNP work_i5jewootsnhvrcvfsugrmdljaa 679 14 of of IN work_i5jewootsnhvrcvfsugrmdljaa 679 15 Money Money NNP work_i5jewootsnhvrcvfsugrmdljaa 679 16 . . . work_i5jewootsnhvrcvfsugrmdljaa 679 17 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 679 18 Journal Journal NNP work_i5jewootsnhvrcvfsugrmdljaa 679 19 of of IN work_i5jewootsnhvrcvfsugrmdljaa 679 20 Economic Economic NNP work_i5jewootsnhvrcvfsugrmdljaa 679 21 Theory Theory NNP work_i5jewootsnhvrcvfsugrmdljaa 679 22 , , , work_i5jewootsnhvrcvfsugrmdljaa 679 23 4 4 CD work_i5jewootsnhvrcvfsugrmdljaa 679 24 , , , work_i5jewootsnhvrcvfsugrmdljaa 679 25 103 103 CD work_i5jewootsnhvrcvfsugrmdljaa 679 26 - - SYM work_i5jewootsnhvrcvfsugrmdljaa 679 27 124 124 CD work_i5jewootsnhvrcvfsugrmdljaa 679 28 . . . work_i5jewootsnhvrcvfsugrmdljaa 680 1 Keynes Keynes NNP work_i5jewootsnhvrcvfsugrmdljaa 680 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 680 3 J. J. NNP work_i5jewootsnhvrcvfsugrmdljaa 680 4 M. M. NNP work_i5jewootsnhvrcvfsugrmdljaa 680 5 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 680 6 1936 1936 CD work_i5jewootsnhvrcvfsugrmdljaa 680 7 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 680 8 : : : work_i5jewootsnhvrcvfsugrmdljaa 680 9 The the DT work_i5jewootsnhvrcvfsugrmdljaa 680 10 General General NNP work_i5jewootsnhvrcvfsugrmdljaa 680 11 Theory Theory NNP work_i5jewootsnhvrcvfsugrmdljaa 680 12 of of IN work_i5jewootsnhvrcvfsugrmdljaa 680 13 Employment Employment NNP work_i5jewootsnhvrcvfsugrmdljaa 680 14 , , , work_i5jewootsnhvrcvfsugrmdljaa 680 15 Interest Interest NNP work_i5jewootsnhvrcvfsugrmdljaa 680 16 and and CC work_i5jewootsnhvrcvfsugrmdljaa 680 17 Money money NN work_i5jewootsnhvrcvfsugrmdljaa 680 18 . . . work_i5jewootsnhvrcvfsugrmdljaa 681 1 Macmillan Macmillan NNP work_i5jewootsnhvrcvfsugrmdljaa 681 2 : : : work_i5jewootsnhvrcvfsugrmdljaa 681 3 London London NNP work_i5jewootsnhvrcvfsugrmdljaa 681 4 . . . work_i5jewootsnhvrcvfsugrmdljaa 682 1 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 682 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 682 3 M. M. NNP work_i5jewootsnhvrcvfsugrmdljaa 682 4 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 682 5 1974 1974 CD work_i5jewootsnhvrcvfsugrmdljaa 682 6 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 682 7 : : : work_i5jewootsnhvrcvfsugrmdljaa 682 8 " " `` work_i5jewootsnhvrcvfsugrmdljaa 682 9 The the DT work_i5jewootsnhvrcvfsugrmdljaa 682 10 Kesten Kesten NNP work_i5jewootsnhvrcvfsugrmdljaa 682 11 - - HYPH work_i5jewootsnhvrcvfsugrmdljaa 682 12 Stigum Stigum NNP work_i5jewootsnhvrcvfsugrmdljaa 682 13 Model Model NNP work_i5jewootsnhvrcvfsugrmdljaa 682 14 and and CC work_i5jewootsnhvrcvfsugrmdljaa 682 15 the the DT work_i5jewootsnhvrcvfsugrmdljaa 682 16 Treatment Treatment NNP work_i5jewootsnhvrcvfsugrmdljaa 682 17 of of IN work_i5jewootsnhvrcvfsugrmdljaa 682 18 Uncertainty Uncertainty NNP work_i5jewootsnhvrcvfsugrmdljaa 682 19 in in IN work_i5jewootsnhvrcvfsugrmdljaa 682 20 Equilibrium Equilibrium NNP work_i5jewootsnhvrcvfsugrmdljaa 682 21 Theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 682 22 . . . work_i5jewootsnhvrcvfsugrmdljaa 682 23 " " '' work_i5jewootsnhvrcvfsugrmdljaa 683 1 In in IN work_i5jewootsnhvrcvfsugrmdljaa 683 2 Balch Balch NNP work_i5jewootsnhvrcvfsugrmdljaa 683 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 683 4 M.S. M.S. NNP work_i5jewootsnhvrcvfsugrmdljaa 683 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 683 6 McFadden McFadden NNP work_i5jewootsnhvrcvfsugrmdljaa 683 7 , , , work_i5jewootsnhvrcvfsugrmdljaa 683 8 D.L. D.L. NNP work_i5jewootsnhvrcvfsugrmdljaa 683 9 , , , work_i5jewootsnhvrcvfsugrmdljaa 683 10 and and CC work_i5jewootsnhvrcvfsugrmdljaa 683 11 Wu Wu NNP work_i5jewootsnhvrcvfsugrmdljaa 683 12 , , , work_i5jewootsnhvrcvfsugrmdljaa 683 13 S.Y. S.Y. NNP work_i5jewootsnhvrcvfsugrmdljaa 684 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 684 2 ed ed NNP work_i5jewootsnhvrcvfsugrmdljaa 684 3 . . . work_i5jewootsnhvrcvfsugrmdljaa 685 1 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 685 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 685 3 Essays essay NNS work_i5jewootsnhvrcvfsugrmdljaa 685 4 on on IN work_i5jewootsnhvrcvfsugrmdljaa 685 5 Economic economic JJ work_i5jewootsnhvrcvfsugrmdljaa 685 6 Behavior Behavior NNP work_i5jewootsnhvrcvfsugrmdljaa 685 7 Under under IN work_i5jewootsnhvrcvfsugrmdljaa 685 8 Uncertainty Uncertainty NNP work_i5jewootsnhvrcvfsugrmdljaa 685 9 . . . work_i5jewootsnhvrcvfsugrmdljaa 686 1 Amsterdam Amsterdam NNP work_i5jewootsnhvrcvfsugrmdljaa 686 2 : : : work_i5jewootsnhvrcvfsugrmdljaa 686 3 North North NNP work_i5jewootsnhvrcvfsugrmdljaa 686 4 - - HYPH work_i5jewootsnhvrcvfsugrmdljaa 686 5 Holland Holland NNP work_i5jewootsnhvrcvfsugrmdljaa 686 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 686 7 389 389 CD work_i5jewootsnhvrcvfsugrmdljaa 686 8 - - SYM work_i5jewootsnhvrcvfsugrmdljaa 686 9 399 399 CD work_i5jewootsnhvrcvfsugrmdljaa 686 10 . . . work_i5jewootsnhvrcvfsugrmdljaa 687 1 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 687 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 687 3 M. M. NNP work_i5jewootsnhvrcvfsugrmdljaa 687 4 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 687 5 1994 1994 CD work_i5jewootsnhvrcvfsugrmdljaa 687 6 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 687 7 : : : work_i5jewootsnhvrcvfsugrmdljaa 687 8 " " `` work_i5jewootsnhvrcvfsugrmdljaa 687 9 On on IN work_i5jewootsnhvrcvfsugrmdljaa 687 10 the the DT work_i5jewootsnhvrcvfsugrmdljaa 687 11 Structure Structure NNP work_i5jewootsnhvrcvfsugrmdljaa 687 12 and and CC work_i5jewootsnhvrcvfsugrmdljaa 687 13 Diversity diversity NN work_i5jewootsnhvrcvfsugrmdljaa 687 14 of of IN work_i5jewootsnhvrcvfsugrmdljaa 687 15 Rational Rational NNP work_i5jewootsnhvrcvfsugrmdljaa 687 16 Beliefs Beliefs NNPS work_i5jewootsnhvrcvfsugrmdljaa 687 17 . . . work_i5jewootsnhvrcvfsugrmdljaa 687 18 " " '' work_i5jewootsnhvrcvfsugrmdljaa 688 1 Economic Economic NNP work_i5jewootsnhvrcvfsugrmdljaa 688 2 Theory Theory NNP work_i5jewootsnhvrcvfsugrmdljaa 688 3 4 4 CD work_i5jewootsnhvrcvfsugrmdljaa 688 4 , , , work_i5jewootsnhvrcvfsugrmdljaa 688 5 877 877 CD work_i5jewootsnhvrcvfsugrmdljaa 688 6 - - SYM work_i5jewootsnhvrcvfsugrmdljaa 688 7 900 900 CD work_i5jewootsnhvrcvfsugrmdljaa 688 8 . . . work_i5jewootsnhvrcvfsugrmdljaa 689 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 689 2 An an DT work_i5jewootsnhvrcvfsugrmdljaa 689 3 edited edit VBN work_i5jewootsnhvrcvfsugrmdljaa 689 4 version version NN work_i5jewootsnhvrcvfsugrmdljaa 689 5 appears appear VBZ work_i5jewootsnhvrcvfsugrmdljaa 689 6 as as IN work_i5jewootsnhvrcvfsugrmdljaa 689 7 Chapter chapter NN work_i5jewootsnhvrcvfsugrmdljaa 689 8 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 689 9 of of IN work_i5jewootsnhvrcvfsugrmdljaa 689 10 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 689 11 , , , work_i5jewootsnhvrcvfsugrmdljaa 689 12 M. M. NNP work_i5jewootsnhvrcvfsugrmdljaa 690 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 690 2 ed ed NNP work_i5jewootsnhvrcvfsugrmdljaa 690 3 . . . work_i5jewootsnhvrcvfsugrmdljaa 690 4 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 691 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 691 2 1997a 1997a LS work_i5jewootsnhvrcvfsugrmdljaa 691 3 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 691 4 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 691 5 . . . work_i5jewootsnhvrcvfsugrmdljaa 692 1 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 692 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 692 3 M. M. NNP work_i5jewootsnhvrcvfsugrmdljaa 692 4 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 692 5 ed ed NNP work_i5jewootsnhvrcvfsugrmdljaa 692 6 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 692 7 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 692 8 1997a 1997a CD work_i5jewootsnhvrcvfsugrmdljaa 692 9 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 692 10 : : : work_i5jewootsnhvrcvfsugrmdljaa 692 11 Endogenous endogenous JJ work_i5jewootsnhvrcvfsugrmdljaa 692 12 Economic economic JJ work_i5jewootsnhvrcvfsugrmdljaa 692 13 Fluctuations Fluctuations NNPS work_i5jewootsnhvrcvfsugrmdljaa 692 14 : : : work_i5jewootsnhvrcvfsugrmdljaa 692 15 Studies study NNS work_i5jewootsnhvrcvfsugrmdljaa 692 16 in in IN work_i5jewootsnhvrcvfsugrmdljaa 692 17 the the DT work_i5jewootsnhvrcvfsugrmdljaa 692 18 Theory Theory NNP work_i5jewootsnhvrcvfsugrmdljaa 692 19 of of IN work_i5jewootsnhvrcvfsugrmdljaa 692 20 Rational Rational NNP work_i5jewootsnhvrcvfsugrmdljaa 692 21 Belief Belief NNP work_i5jewootsnhvrcvfsugrmdljaa 692 22 . . . work_i5jewootsnhvrcvfsugrmdljaa 693 1 Studies study NNS work_i5jewootsnhvrcvfsugrmdljaa 693 2 in in IN work_i5jewootsnhvrcvfsugrmdljaa 693 3 Economic Economic NNP work_i5jewootsnhvrcvfsugrmdljaa 693 4 Theory Theory NNP work_i5jewootsnhvrcvfsugrmdljaa 693 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 693 6 No no UH work_i5jewootsnhvrcvfsugrmdljaa 693 7 . . . work_i5jewootsnhvrcvfsugrmdljaa 694 1 6 6 CD work_i5jewootsnhvrcvfsugrmdljaa 694 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 694 3 Berlin Berlin NNP work_i5jewootsnhvrcvfsugrmdljaa 694 4 and and CC work_i5jewootsnhvrcvfsugrmdljaa 694 5 New New NNP work_i5jewootsnhvrcvfsugrmdljaa 694 6 York York NNP work_i5jewootsnhvrcvfsugrmdljaa 694 7 : : : work_i5jewootsnhvrcvfsugrmdljaa 694 8 Springer Springer NNP work_i5jewootsnhvrcvfsugrmdljaa 694 9 - - HYPH work_i5jewootsnhvrcvfsugrmdljaa 694 10 Verlag Verlag NNP work_i5jewootsnhvrcvfsugrmdljaa 694 11 . . . work_i5jewootsnhvrcvfsugrmdljaa 695 1 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 695 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 695 3 M. M. NNP work_i5jewootsnhvrcvfsugrmdljaa 695 4 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 695 5 1997b 1997b CD work_i5jewootsnhvrcvfsugrmdljaa 695 6 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 695 7 : : : work_i5jewootsnhvrcvfsugrmdljaa 695 8 " " `` work_i5jewootsnhvrcvfsugrmdljaa 695 9 On on IN work_i5jewootsnhvrcvfsugrmdljaa 695 10 the the DT work_i5jewootsnhvrcvfsugrmdljaa 695 11 Volatility Volatility NNP work_i5jewootsnhvrcvfsugrmdljaa 695 12 of of IN work_i5jewootsnhvrcvfsugrmdljaa 695 13 Foreign Foreign NNP work_i5jewootsnhvrcvfsugrmdljaa 695 14 Exchange Exchange NNP work_i5jewootsnhvrcvfsugrmdljaa 695 15 Rates Rates NNPS work_i5jewootsnhvrcvfsugrmdljaa 695 16 . . . work_i5jewootsnhvrcvfsugrmdljaa 695 17 " " '' work_i5jewootsnhvrcvfsugrmdljaa 696 1 Chapter chapter NN work_i5jewootsnhvrcvfsugrmdljaa 696 2 12 12 CD work_i5jewootsnhvrcvfsugrmdljaa 696 3 in in IN work_i5jewootsnhvrcvfsugrmdljaa 696 4 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 696 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 696 6 M. M. NNP work_i5jewootsnhvrcvfsugrmdljaa 697 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 697 2 ed ed NNP work_i5jewootsnhvrcvfsugrmdljaa 697 3 . . . work_i5jewootsnhvrcvfsugrmdljaa 697 4 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 698 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 698 2 1997a 1997a LS work_i5jewootsnhvrcvfsugrmdljaa 698 3 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 698 4 Endogenous Endogenous NNP work_i5jewootsnhvrcvfsugrmdljaa 698 5 Economic Economic NNP work_i5jewootsnhvrcvfsugrmdljaa 698 6 Fluctuations Fluctuations NNPS work_i5jewootsnhvrcvfsugrmdljaa 698 7 : : : work_i5jewootsnhvrcvfsugrmdljaa 698 8 Studies study NNS work_i5jewootsnhvrcvfsugrmdljaa 698 9 in in IN work_i5jewootsnhvrcvfsugrmdljaa 698 10 the the DT work_i5jewootsnhvrcvfsugrmdljaa 698 11 Theory Theory NNP work_i5jewootsnhvrcvfsugrmdljaa 698 12 of of IN work_i5jewootsnhvrcvfsugrmdljaa 698 13 Rational Rational NNP work_i5jewootsnhvrcvfsugrmdljaa 698 14 Belief Belief NNP work_i5jewootsnhvrcvfsugrmdljaa 698 15 . . . work_i5jewootsnhvrcvfsugrmdljaa 699 1 Studies study NNS work_i5jewootsnhvrcvfsugrmdljaa 699 2 in in IN work_i5jewootsnhvrcvfsugrmdljaa 699 3 Economic Economic NNP work_i5jewootsnhvrcvfsugrmdljaa 699 4 Theory Theory NNP work_i5jewootsnhvrcvfsugrmdljaa 699 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 699 6 No no UH work_i5jewootsnhvrcvfsugrmdljaa 699 7 . . . work_i5jewootsnhvrcvfsugrmdljaa 700 1 6 6 CD work_i5jewootsnhvrcvfsugrmdljaa 700 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 700 3 Berlin Berlin NNP work_i5jewootsnhvrcvfsugrmdljaa 700 4 and and CC work_i5jewootsnhvrcvfsugrmdljaa 700 5 New New NNP work_i5jewootsnhvrcvfsugrmdljaa 700 6 York York NNP work_i5jewootsnhvrcvfsugrmdljaa 700 7 : : : work_i5jewootsnhvrcvfsugrmdljaa 700 8 Springer Springer NNP work_i5jewootsnhvrcvfsugrmdljaa 700 9 - - HYPH work_i5jewootsnhvrcvfsugrmdljaa 700 10 Verlag Verlag NNP work_i5jewootsnhvrcvfsugrmdljaa 700 11 , , , work_i5jewootsnhvrcvfsugrmdljaa 700 12 317 317 CD work_i5jewootsnhvrcvfsugrmdljaa 700 13 -352 -352 NN work_i5jewootsnhvrcvfsugrmdljaa 700 14 . . . work_i5jewootsnhvrcvfsugrmdljaa 701 1 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 701 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 701 3 M. M. NNP work_i5jewootsnhvrcvfsugrmdljaa 701 4 , , , work_i5jewootsnhvrcvfsugrmdljaa 701 5 Jin Jin NNP work_i5jewootsnhvrcvfsugrmdljaa 701 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 701 7 H. H. NNP work_i5jewootsnhvrcvfsugrmdljaa 701 8 , , , work_i5jewootsnhvrcvfsugrmdljaa 701 9 Motolese Motolese NNP work_i5jewootsnhvrcvfsugrmdljaa 701 10 , , , work_i5jewootsnhvrcvfsugrmdljaa 701 11 M. M. NNP work_i5jewootsnhvrcvfsugrmdljaa 701 12 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 701 13 2005a 2005a CD work_i5jewootsnhvrcvfsugrmdljaa 701 14 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 701 15 : : : work_i5jewootsnhvrcvfsugrmdljaa 701 16 " " `` work_i5jewootsnhvrcvfsugrmdljaa 701 17 Determinants Determinants NNPS work_i5jewootsnhvrcvfsugrmdljaa 701 18 of of IN work_i5jewootsnhvrcvfsugrmdljaa 701 19 Stock Stock NNP work_i5jewootsnhvrcvfsugrmdljaa 701 20 Market Market NNP work_i5jewootsnhvrcvfsugrmdljaa 701 21 Volatility Volatility NNP work_i5jewootsnhvrcvfsugrmdljaa 701 22 and and CC work_i5jewootsnhvrcvfsugrmdljaa 701 23 Risk Risk NNP work_i5jewootsnhvrcvfsugrmdljaa 701 24 Premia Premia NNP work_i5jewootsnhvrcvfsugrmdljaa 701 25 . . . work_i5jewootsnhvrcvfsugrmdljaa 701 26 " " '' work_i5jewootsnhvrcvfsugrmdljaa 702 1 Annals Annals NNP work_i5jewootsnhvrcvfsugrmdljaa 702 2 of of IN work_i5jewootsnhvrcvfsugrmdljaa 702 3 Finance Finance NNP work_i5jewootsnhvrcvfsugrmdljaa 702 4 , , , work_i5jewootsnhvrcvfsugrmdljaa 702 5 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 702 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 702 7 109 109 CD work_i5jewootsnhvrcvfsugrmdljaa 702 8 - - SYM work_i5jewootsnhvrcvfsugrmdljaa 702 9 147 147 CD work_i5jewootsnhvrcvfsugrmdljaa 702 10 . . . work_i5jewootsnhvrcvfsugrmdljaa 703 1 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 703 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 703 3 M. M. NNP work_i5jewootsnhvrcvfsugrmdljaa 703 4 , , , work_i5jewootsnhvrcvfsugrmdljaa 703 5 Jin Jin NNP work_i5jewootsnhvrcvfsugrmdljaa 703 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 703 7 H. H. NNP work_i5jewootsnhvrcvfsugrmdljaa 703 8 , , , work_i5jewootsnhvrcvfsugrmdljaa 703 9 Motolese Motolese NNP work_i5jewootsnhvrcvfsugrmdljaa 703 10 , , , work_i5jewootsnhvrcvfsugrmdljaa 703 11 M. M. NNP work_i5jewootsnhvrcvfsugrmdljaa 703 12 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 703 13 2005b 2005b CD work_i5jewootsnhvrcvfsugrmdljaa 703 14 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 703 15 : : : work_i5jewootsnhvrcvfsugrmdljaa 703 16 " " `` work_i5jewootsnhvrcvfsugrmdljaa 703 17 The the DT work_i5jewootsnhvrcvfsugrmdljaa 703 18 Role Role NNP work_i5jewootsnhvrcvfsugrmdljaa 703 19 of of IN work_i5jewootsnhvrcvfsugrmdljaa 703 20 Expectations Expectations NNPS work_i5jewootsnhvrcvfsugrmdljaa 703 21 in in IN work_i5jewootsnhvrcvfsugrmdljaa 703 22 Economic Economic NNP work_i5jewootsnhvrcvfsugrmdljaa 703 23 Fluctuations Fluctuations NNPS work_i5jewootsnhvrcvfsugrmdljaa 703 24 and and CC work_i5jewootsnhvrcvfsugrmdljaa 703 25 the the DT work_i5jewootsnhvrcvfsugrmdljaa 703 26 Efficacy Efficacy NNP work_i5jewootsnhvrcvfsugrmdljaa 703 27 of of IN work_i5jewootsnhvrcvfsugrmdljaa 703 28 Monetary Monetary NNP work_i5jewootsnhvrcvfsugrmdljaa 703 29 Policy Policy NNP work_i5jewootsnhvrcvfsugrmdljaa 703 30 . . . work_i5jewootsnhvrcvfsugrmdljaa 703 31 " " '' work_i5jewootsnhvrcvfsugrmdljaa 704 1 Journal Journal NNP work_i5jewootsnhvrcvfsugrmdljaa 704 2 of of IN work_i5jewootsnhvrcvfsugrmdljaa 704 3 Economic Economic NNP work_i5jewootsnhvrcvfsugrmdljaa 704 4 Dynamics Dynamics NNPS work_i5jewootsnhvrcvfsugrmdljaa 704 5 and and CC work_i5jewootsnhvrcvfsugrmdljaa 704 6 Control Control NNP work_i5jewootsnhvrcvfsugrmdljaa 704 7 , , , work_i5jewootsnhvrcvfsugrmdljaa 704 8 29 29 CD work_i5jewootsnhvrcvfsugrmdljaa 704 9 , , , work_i5jewootsnhvrcvfsugrmdljaa 704 10 2017 2017 CD work_i5jewootsnhvrcvfsugrmdljaa 704 11 - - SYM work_i5jewootsnhvrcvfsugrmdljaa 704 12 2065 2065 CD work_i5jewootsnhvrcvfsugrmdljaa 704 13 . . . work_i5jewootsnhvrcvfsugrmdljaa 705 1 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 705 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 705 3 M. M. NNP work_i5jewootsnhvrcvfsugrmdljaa 705 4 , , , work_i5jewootsnhvrcvfsugrmdljaa 705 5 Motolese Motolese NNP work_i5jewootsnhvrcvfsugrmdljaa 705 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 705 7 M. M. NNP work_i5jewootsnhvrcvfsugrmdljaa 705 8 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 705 9 2001 2001 CD work_i5jewootsnhvrcvfsugrmdljaa 705 10 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 705 11 : : : work_i5jewootsnhvrcvfsugrmdljaa 705 12 " " `` work_i5jewootsnhvrcvfsugrmdljaa 705 13 Endogenous Endogenous NNP work_i5jewootsnhvrcvfsugrmdljaa 705 14 Uncertainty Uncertainty NNP work_i5jewootsnhvrcvfsugrmdljaa 705 15 and and CC work_i5jewootsnhvrcvfsugrmdljaa 705 16 Market Market NNP work_i5jewootsnhvrcvfsugrmdljaa 705 17 Volatility Volatility NNP work_i5jewootsnhvrcvfsugrmdljaa 705 18 . . . work_i5jewootsnhvrcvfsugrmdljaa 705 19 " " '' work_i5jewootsnhvrcvfsugrmdljaa 706 1 Economic Economic NNP work_i5jewootsnhvrcvfsugrmdljaa 706 2 Theory Theory NNP work_i5jewootsnhvrcvfsugrmdljaa 706 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 706 4 37 37 CD work_i5jewootsnhvrcvfsugrmdljaa 706 5 17 17 CD work_i5jewootsnhvrcvfsugrmdljaa 706 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 706 7 497 497 CD work_i5jewootsnhvrcvfsugrmdljaa 706 8 - - SYM work_i5jewootsnhvrcvfsugrmdljaa 706 9 544 544 CD work_i5jewootsnhvrcvfsugrmdljaa 706 10 . . . work_i5jewootsnhvrcvfsugrmdljaa 707 1 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 707 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 707 3 M. M. NNP work_i5jewootsnhvrcvfsugrmdljaa 707 4 , , , work_i5jewootsnhvrcvfsugrmdljaa 707 5 Motolese Motolese NNP work_i5jewootsnhvrcvfsugrmdljaa 707 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 707 7 M. M. NNP work_i5jewootsnhvrcvfsugrmdljaa 707 8 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 707 9 2006 2006 CD work_i5jewootsnhvrcvfsugrmdljaa 707 10 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 707 11 : : : work_i5jewootsnhvrcvfsugrmdljaa 707 12 " " `` work_i5jewootsnhvrcvfsugrmdljaa 707 13 Risk Risk NNP work_i5jewootsnhvrcvfsugrmdljaa 707 14 Premia Premia NNP work_i5jewootsnhvrcvfsugrmdljaa 707 15 , , , work_i5jewootsnhvrcvfsugrmdljaa 707 16 Diverse Diverse NNP work_i5jewootsnhvrcvfsugrmdljaa 707 17 Beliefs Beliefs NNPS work_i5jewootsnhvrcvfsugrmdljaa 707 18 and and CC work_i5jewootsnhvrcvfsugrmdljaa 707 19 Beauty Beauty NNP work_i5jewootsnhvrcvfsugrmdljaa 707 20 Contests Contests NNPS work_i5jewootsnhvrcvfsugrmdljaa 707 21 . . . work_i5jewootsnhvrcvfsugrmdljaa 707 22 " " '' work_i5jewootsnhvrcvfsugrmdljaa 708 1 Working work VBG work_i5jewootsnhvrcvfsugrmdljaa 708 2 paper paper NN work_i5jewootsnhvrcvfsugrmdljaa 708 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 708 4 Stanford Stanford NNP work_i5jewootsnhvrcvfsugrmdljaa 708 5 University University NNP work_i5jewootsnhvrcvfsugrmdljaa 708 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 708 7 September September NNP work_i5jewootsnhvrcvfsugrmdljaa 708 8 19 19 CD work_i5jewootsnhvrcvfsugrmdljaa 708 9 , , , work_i5jewootsnhvrcvfsugrmdljaa 708 10 2006 2006 CD work_i5jewootsnhvrcvfsugrmdljaa 708 11 . . . work_i5jewootsnhvrcvfsugrmdljaa 709 1 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 709 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 709 3 M. M. NNP work_i5jewootsnhvrcvfsugrmdljaa 709 4 , , , work_i5jewootsnhvrcvfsugrmdljaa 709 5 Schneider Schneider NNP work_i5jewootsnhvrcvfsugrmdljaa 709 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 709 7 M.(1996 M.(1996 NNP work_i5jewootsnhvrcvfsugrmdljaa 709 8 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 709 9 : : : work_i5jewootsnhvrcvfsugrmdljaa 709 10 Coordination coordination NN work_i5jewootsnhvrcvfsugrmdljaa 709 11 and and CC work_i5jewootsnhvrcvfsugrmdljaa 709 12 Correlation Correlation NNP work_i5jewootsnhvrcvfsugrmdljaa 709 13 in in IN work_i5jewootsnhvrcvfsugrmdljaa 709 14 Markov Markov NNP work_i5jewootsnhvrcvfsugrmdljaa 709 15 Rational Rational NNP work_i5jewootsnhvrcvfsugrmdljaa 709 16 Belief Belief NNP work_i5jewootsnhvrcvfsugrmdljaa 709 17 Equilibria Equilibria NNP work_i5jewootsnhvrcvfsugrmdljaa 709 18 . . . work_i5jewootsnhvrcvfsugrmdljaa 710 1 Economic Economic NNP work_i5jewootsnhvrcvfsugrmdljaa 710 2 Theory Theory NNP work_i5jewootsnhvrcvfsugrmdljaa 710 3 8 8 CD work_i5jewootsnhvrcvfsugrmdljaa 710 4 , , , work_i5jewootsnhvrcvfsugrmdljaa 710 5 489 489 CD work_i5jewootsnhvrcvfsugrmdljaa 710 6 - - SYM work_i5jewootsnhvrcvfsugrmdljaa 710 7 520 520 CD work_i5jewootsnhvrcvfsugrmdljaa 710 8 . . . work_i5jewootsnhvrcvfsugrmdljaa 711 1 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 711 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 711 3 M. M. NNP work_i5jewootsnhvrcvfsugrmdljaa 711 4 , , , work_i5jewootsnhvrcvfsugrmdljaa 711 5 Wu Wu NNP work_i5jewootsnhvrcvfsugrmdljaa 711 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 711 7 H.M. H.M. NNP work_i5jewootsnhvrcvfsugrmdljaa 711 8 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 711 9 1996 1996 CD work_i5jewootsnhvrcvfsugrmdljaa 711 10 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 711 11 : : : work_i5jewootsnhvrcvfsugrmdljaa 711 12 " " `` work_i5jewootsnhvrcvfsugrmdljaa 711 13 Endogenous Endogenous NNP work_i5jewootsnhvrcvfsugrmdljaa 711 14 Uncertainty Uncertainty NNP work_i5jewootsnhvrcvfsugrmdljaa 711 15 in in IN work_i5jewootsnhvrcvfsugrmdljaa 711 16 a a DT work_i5jewootsnhvrcvfsugrmdljaa 711 17 General General NNP work_i5jewootsnhvrcvfsugrmdljaa 711 18 Equilibrium Equilibrium NNP work_i5jewootsnhvrcvfsugrmdljaa 711 19 Model Model NNP work_i5jewootsnhvrcvfsugrmdljaa 711 20 with with IN work_i5jewootsnhvrcvfsugrmdljaa 711 21 Price Price NNP work_i5jewootsnhvrcvfsugrmdljaa 711 22 Contingent Contingent NNP work_i5jewootsnhvrcvfsugrmdljaa 711 23 Contracts Contracts NNPS work_i5jewootsnhvrcvfsugrmdljaa 711 24 . . . work_i5jewootsnhvrcvfsugrmdljaa 711 25 " " '' work_i5jewootsnhvrcvfsugrmdljaa 712 1 Economic Economic NNP work_i5jewootsnhvrcvfsugrmdljaa 712 2 Theory Theory NNP work_i5jewootsnhvrcvfsugrmdljaa 712 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 712 4 8 8 CD work_i5jewootsnhvrcvfsugrmdljaa 712 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 712 6 461 461 CD work_i5jewootsnhvrcvfsugrmdljaa 712 7 -488 -488 NNS work_i5jewootsnhvrcvfsugrmdljaa 712 8 . . . work_i5jewootsnhvrcvfsugrmdljaa 713 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 713 2 Appears Appears NNP work_i5jewootsnhvrcvfsugrmdljaa 713 3 as as IN work_i5jewootsnhvrcvfsugrmdljaa 713 4 Chapter chapter NN work_i5jewootsnhvrcvfsugrmdljaa 713 5 2 2 CD work_i5jewootsnhvrcvfsugrmdljaa 713 6 of of IN work_i5jewootsnhvrcvfsugrmdljaa 713 7 Kurz Kurz NNP work_i5jewootsnhvrcvfsugrmdljaa 713 8 , , , work_i5jewootsnhvrcvfsugrmdljaa 713 9 M. M. NNP work_i5jewootsnhvrcvfsugrmdljaa 714 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 714 2 ed ed NNP work_i5jewootsnhvrcvfsugrmdljaa 714 3 . . . work_i5jewootsnhvrcvfsugrmdljaa 714 4 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 715 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 715 2 1997a 1997a LS work_i5jewootsnhvrcvfsugrmdljaa 715 3 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 715 4 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 715 5 Lucas Lucas NNP work_i5jewootsnhvrcvfsugrmdljaa 715 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 715 7 R. R. NNP work_i5jewootsnhvrcvfsugrmdljaa 715 8 E. E. NNP work_i5jewootsnhvrcvfsugrmdljaa 715 9 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 715 10 1972 1972 CD work_i5jewootsnhvrcvfsugrmdljaa 715 11 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 715 12 : : : work_i5jewootsnhvrcvfsugrmdljaa 715 13 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 715 14 Expectations expectation NNS work_i5jewootsnhvrcvfsugrmdljaa 715 15 and and CC work_i5jewootsnhvrcvfsugrmdljaa 715 16 the the DT work_i5jewootsnhvrcvfsugrmdljaa 715 17 Neutrality Neutrality NNP work_i5jewootsnhvrcvfsugrmdljaa 715 18 of of IN work_i5jewootsnhvrcvfsugrmdljaa 715 19 Money Money NNP work_i5jewootsnhvrcvfsugrmdljaa 715 20 . . . work_i5jewootsnhvrcvfsugrmdljaa 715 21 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 715 22 Journal Journal NNP work_i5jewootsnhvrcvfsugrmdljaa 715 23 of of IN work_i5jewootsnhvrcvfsugrmdljaa 715 24 Economic Economic NNP work_i5jewootsnhvrcvfsugrmdljaa 715 25 Theory Theory NNP work_i5jewootsnhvrcvfsugrmdljaa 715 26 , , , work_i5jewootsnhvrcvfsugrmdljaa 715 27 4 4 CD work_i5jewootsnhvrcvfsugrmdljaa 715 28 , , , work_i5jewootsnhvrcvfsugrmdljaa 715 29 103 103 CD work_i5jewootsnhvrcvfsugrmdljaa 715 30 - - SYM work_i5jewootsnhvrcvfsugrmdljaa 715 31 124 124 CD work_i5jewootsnhvrcvfsugrmdljaa 715 32 . . . work_i5jewootsnhvrcvfsugrmdljaa 716 1 Morris Morris NNP work_i5jewootsnhvrcvfsugrmdljaa 716 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 716 3 S. S. NNP work_i5jewootsnhvrcvfsugrmdljaa 716 4 , , , work_i5jewootsnhvrcvfsugrmdljaa 716 5 Shin Shin NNP work_i5jewootsnhvrcvfsugrmdljaa 716 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 716 7 H.S. H.S. NNP work_i5jewootsnhvrcvfsugrmdljaa 717 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 717 2 2002 2002 CD work_i5jewootsnhvrcvfsugrmdljaa 717 3 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 717 4 : : : work_i5jewootsnhvrcvfsugrmdljaa 717 5 " " `` work_i5jewootsnhvrcvfsugrmdljaa 717 6 Social Social NNP work_i5jewootsnhvrcvfsugrmdljaa 717 7 Value Value NNP work_i5jewootsnhvrcvfsugrmdljaa 717 8 of of IN work_i5jewootsnhvrcvfsugrmdljaa 717 9 Public Public NNP work_i5jewootsnhvrcvfsugrmdljaa 717 10 Information Information NNP work_i5jewootsnhvrcvfsugrmdljaa 717 11 . . . work_i5jewootsnhvrcvfsugrmdljaa 717 12 " " '' work_i5jewootsnhvrcvfsugrmdljaa 718 1 American American NNP work_i5jewootsnhvrcvfsugrmdljaa 718 2 Economic Economic NNP work_i5jewootsnhvrcvfsugrmdljaa 718 3 Review Review NNP work_i5jewootsnhvrcvfsugrmdljaa 718 4 , , , work_i5jewootsnhvrcvfsugrmdljaa 718 5 92 92 CD work_i5jewootsnhvrcvfsugrmdljaa 718 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 718 7 1521 1521 CD work_i5jewootsnhvrcvfsugrmdljaa 718 8 - - SYM work_i5jewootsnhvrcvfsugrmdljaa 718 9 1534 1534 CD work_i5jewootsnhvrcvfsugrmdljaa 718 10 . . . work_i5jewootsnhvrcvfsugrmdljaa 719 1 Motolese Motolese NNP work_i5jewootsnhvrcvfsugrmdljaa 719 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 719 3 M. M. NNP work_i5jewootsnhvrcvfsugrmdljaa 719 4 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 719 5 2001 2001 CD work_i5jewootsnhvrcvfsugrmdljaa 719 6 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 719 7 : : : work_i5jewootsnhvrcvfsugrmdljaa 719 8 " " `` work_i5jewootsnhvrcvfsugrmdljaa 719 9 Money Money NNP work_i5jewootsnhvrcvfsugrmdljaa 719 10 Non Non NNP work_i5jewootsnhvrcvfsugrmdljaa 719 11 - - JJ work_i5jewootsnhvrcvfsugrmdljaa 719 12 Neutrality Neutrality NNP work_i5jewootsnhvrcvfsugrmdljaa 719 13 in in IN work_i5jewootsnhvrcvfsugrmdljaa 719 14 a a DT work_i5jewootsnhvrcvfsugrmdljaa 719 15 Rational Rational NNP work_i5jewootsnhvrcvfsugrmdljaa 719 16 Belief Belief NNP work_i5jewootsnhvrcvfsugrmdljaa 719 17 Equilibrium Equilibrium NNP work_i5jewootsnhvrcvfsugrmdljaa 719 18 with with IN work_i5jewootsnhvrcvfsugrmdljaa 719 19 Financial Financial NNP work_i5jewootsnhvrcvfsugrmdljaa 719 20 Assets Assets NNPS work_i5jewootsnhvrcvfsugrmdljaa 719 21 . . . work_i5jewootsnhvrcvfsugrmdljaa 719 22 " " '' work_i5jewootsnhvrcvfsugrmdljaa 720 1 Economic Economic NNP work_i5jewootsnhvrcvfsugrmdljaa 720 2 Theory Theory NNP work_i5jewootsnhvrcvfsugrmdljaa 720 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 720 4 18 18 CD work_i5jewootsnhvrcvfsugrmdljaa 720 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 720 6 97 97 CD work_i5jewootsnhvrcvfsugrmdljaa 720 7 - - SYM work_i5jewootsnhvrcvfsugrmdljaa 720 8 16 16 CD work_i5jewootsnhvrcvfsugrmdljaa 720 9 . . . work_i5jewootsnhvrcvfsugrmdljaa 721 1 Motolese Motolese NNP work_i5jewootsnhvrcvfsugrmdljaa 721 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 721 3 M. M. NNP work_i5jewootsnhvrcvfsugrmdljaa 721 4 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 721 5 2003 2003 CD work_i5jewootsnhvrcvfsugrmdljaa 721 6 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 721 7 : : : work_i5jewootsnhvrcvfsugrmdljaa 721 8 " " `` work_i5jewootsnhvrcvfsugrmdljaa 721 9 Endogenous Endogenous NNP work_i5jewootsnhvrcvfsugrmdljaa 721 10 Uncertainty Uncertainty NNP work_i5jewootsnhvrcvfsugrmdljaa 721 11 and and CC work_i5jewootsnhvrcvfsugrmdljaa 721 12 the the DT work_i5jewootsnhvrcvfsugrmdljaa 721 13 Non Non NNP work_i5jewootsnhvrcvfsugrmdljaa 721 14 - - JJ work_i5jewootsnhvrcvfsugrmdljaa 721 15 Neutrality Neutrality NNP work_i5jewootsnhvrcvfsugrmdljaa 721 16 of of IN work_i5jewootsnhvrcvfsugrmdljaa 721 17 Money Money NNP work_i5jewootsnhvrcvfsugrmdljaa 721 18 . . . work_i5jewootsnhvrcvfsugrmdljaa 721 19 " " '' work_i5jewootsnhvrcvfsugrmdljaa 722 1 Economic Economic NNP work_i5jewootsnhvrcvfsugrmdljaa 722 2 Theory Theory NNP work_i5jewootsnhvrcvfsugrmdljaa 722 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 722 4 21 21 CD work_i5jewootsnhvrcvfsugrmdljaa 722 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 722 6 317 317 CD work_i5jewootsnhvrcvfsugrmdljaa 722 7 - - SYM work_i5jewootsnhvrcvfsugrmdljaa 722 8 345 345 CD work_i5jewootsnhvrcvfsugrmdljaa 722 9 . . . work_i5jewootsnhvrcvfsugrmdljaa 723 1 Nielsen Nielsen NNP work_i5jewootsnhvrcvfsugrmdljaa 723 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 723 3 K. K. NNP work_i5jewootsnhvrcvfsugrmdljaa 723 4 C. C. NNP work_i5jewootsnhvrcvfsugrmdljaa 723 5 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 723 6 1996 1996 CD work_i5jewootsnhvrcvfsugrmdljaa 723 7 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 723 8 : : : work_i5jewootsnhvrcvfsugrmdljaa 723 9 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 723 10 Rational Rational NNP work_i5jewootsnhvrcvfsugrmdljaa 723 11 Belief Belief NNP work_i5jewootsnhvrcvfsugrmdljaa 723 12 Structures Structures NNPS work_i5jewootsnhvrcvfsugrmdljaa 723 13 and and CC work_i5jewootsnhvrcvfsugrmdljaa 723 14 Rational Rational NNP work_i5jewootsnhvrcvfsugrmdljaa 723 15 Belief Belief NNP work_i5jewootsnhvrcvfsugrmdljaa 723 16 Equilibria Equilibria NNP work_i5jewootsnhvrcvfsugrmdljaa 723 17 . . . work_i5jewootsnhvrcvfsugrmdljaa 723 18 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 723 19 Economic Economic NNP work_i5jewootsnhvrcvfsugrmdljaa 723 20 Theory Theory NNP work_i5jewootsnhvrcvfsugrmdljaa 723 21 , , , work_i5jewootsnhvrcvfsugrmdljaa 723 22 8 8 CD work_i5jewootsnhvrcvfsugrmdljaa 723 23 , , , work_i5jewootsnhvrcvfsugrmdljaa 723 24 339 339 CD work_i5jewootsnhvrcvfsugrmdljaa 723 25 - - SYM work_i5jewootsnhvrcvfsugrmdljaa 723 26 422 422 CD work_i5jewootsnhvrcvfsugrmdljaa 723 27 . . . work_i5jewootsnhvrcvfsugrmdljaa 724 1 Nielsen Nielsen NNP work_i5jewootsnhvrcvfsugrmdljaa 724 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 724 3 K. K. NNP work_i5jewootsnhvrcvfsugrmdljaa 724 4 C. C. NNP work_i5jewootsnhvrcvfsugrmdljaa 724 5 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 724 6 2003 2003 CD work_i5jewootsnhvrcvfsugrmdljaa 724 7 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 724 8 : : : work_i5jewootsnhvrcvfsugrmdljaa 724 9 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 724 10 Floating float VBG work_i5jewootsnhvrcvfsugrmdljaa 724 11 Exchange Exchange NNP work_i5jewootsnhvrcvfsugrmdljaa 724 12 Rates Rates NNPS work_i5jewootsnhvrcvfsugrmdljaa 724 13 vs. vs. IN work_i5jewootsnhvrcvfsugrmdljaa 724 14 A a DT work_i5jewootsnhvrcvfsugrmdljaa 724 15 Monetary Monetary NNP work_i5jewootsnhvrcvfsugrmdljaa 724 16 Union Union NNP work_i5jewootsnhvrcvfsugrmdljaa 724 17 Under under IN work_i5jewootsnhvrcvfsugrmdljaa 724 18 Rational Rational NNP work_i5jewootsnhvrcvfsugrmdljaa 724 19 Beliefs Beliefs NNPS work_i5jewootsnhvrcvfsugrmdljaa 724 20 : : : work_i5jewootsnhvrcvfsugrmdljaa 724 21 The the DT work_i5jewootsnhvrcvfsugrmdljaa 724 22 Role role NN work_i5jewootsnhvrcvfsugrmdljaa 724 23 of of IN work_i5jewootsnhvrcvfsugrmdljaa 724 24 Endogenous Endogenous NNP work_i5jewootsnhvrcvfsugrmdljaa 724 25 Uncertainty Uncertainty NNP work_i5jewootsnhvrcvfsugrmdljaa 724 26 . . . work_i5jewootsnhvrcvfsugrmdljaa 724 27 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 724 28 Economic Economic NNP work_i5jewootsnhvrcvfsugrmdljaa 724 29 Theory Theory NNP work_i5jewootsnhvrcvfsugrmdljaa 724 30 , , , work_i5jewootsnhvrcvfsugrmdljaa 724 31 21 21 CD work_i5jewootsnhvrcvfsugrmdljaa 724 32 , , , work_i5jewootsnhvrcvfsugrmdljaa 724 33 347 347 CD work_i5jewootsnhvrcvfsugrmdljaa 724 34 - - SYM work_i5jewootsnhvrcvfsugrmdljaa 724 35 398 398 CD work_i5jewootsnhvrcvfsugrmdljaa 724 36 . . . work_i5jewootsnhvrcvfsugrmdljaa 725 1 Phelps Phelps NNP work_i5jewootsnhvrcvfsugrmdljaa 725 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 725 3 E.(1970 e.(1970 XX work_i5jewootsnhvrcvfsugrmdljaa 725 4 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 725 5 : : : work_i5jewootsnhvrcvfsugrmdljaa 725 6 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 725 7 Introduction introduction NN work_i5jewootsnhvrcvfsugrmdljaa 725 8 : : : work_i5jewootsnhvrcvfsugrmdljaa 725 9 The the DT work_i5jewootsnhvrcvfsugrmdljaa 725 10 New New NNP work_i5jewootsnhvrcvfsugrmdljaa 725 11 Microeconomics Microeconomics NNP work_i5jewootsnhvrcvfsugrmdljaa 725 12 in in IN work_i5jewootsnhvrcvfsugrmdljaa 725 13 Employment Employment NNP work_i5jewootsnhvrcvfsugrmdljaa 725 14 and and CC work_i5jewootsnhvrcvfsugrmdljaa 725 15 Inflation Inflation NNP work_i5jewootsnhvrcvfsugrmdljaa 725 16 Theory Theory NNP work_i5jewootsnhvrcvfsugrmdljaa 725 17 . . . work_i5jewootsnhvrcvfsugrmdljaa 725 18 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 725 19 In in IN work_i5jewootsnhvrcvfsugrmdljaa 725 20 Microeconomic Microeconomic NNP work_i5jewootsnhvrcvfsugrmdljaa 725 21 Foundations Foundations NNPS work_i5jewootsnhvrcvfsugrmdljaa 725 22 of of IN work_i5jewootsnhvrcvfsugrmdljaa 725 23 Employment Employment NNP work_i5jewootsnhvrcvfsugrmdljaa 725 24 and and CC work_i5jewootsnhvrcvfsugrmdljaa 725 25 Inflation Inflation NNP work_i5jewootsnhvrcvfsugrmdljaa 725 26 Theory Theory NNP work_i5jewootsnhvrcvfsugrmdljaa 725 27 , , , work_i5jewootsnhvrcvfsugrmdljaa 725 28 New New NNP work_i5jewootsnhvrcvfsugrmdljaa 725 29 York York NNP work_i5jewootsnhvrcvfsugrmdljaa 725 30 : : : work_i5jewootsnhvrcvfsugrmdljaa 725 31 Norton Norton NNP work_i5jewootsnhvrcvfsugrmdljaa 725 32 , , , work_i5jewootsnhvrcvfsugrmdljaa 725 33 1970 1970 CD work_i5jewootsnhvrcvfsugrmdljaa 725 34 . . . work_i5jewootsnhvrcvfsugrmdljaa 726 1 Romer Romer NNP work_i5jewootsnhvrcvfsugrmdljaa 726 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 726 3 C. C. NNP work_i5jewootsnhvrcvfsugrmdljaa 726 4 D. D. NNP work_i5jewootsnhvrcvfsugrmdljaa 726 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 726 6 Romer Romer NNP work_i5jewootsnhvrcvfsugrmdljaa 726 7 , , , work_i5jewootsnhvrcvfsugrmdljaa 726 8 D. D. NNP work_i5jewootsnhvrcvfsugrmdljaa 726 9 H. H. NNP work_i5jewootsnhvrcvfsugrmdljaa 726 10 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 726 11 2000 2000 CD work_i5jewootsnhvrcvfsugrmdljaa 726 12 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 726 13 : : : work_i5jewootsnhvrcvfsugrmdljaa 726 14 " " `` work_i5jewootsnhvrcvfsugrmdljaa 726 15 Federal Federal NNP work_i5jewootsnhvrcvfsugrmdljaa 726 16 Reserve Reserve NNP work_i5jewootsnhvrcvfsugrmdljaa 726 17 Information Information NNP work_i5jewootsnhvrcvfsugrmdljaa 726 18 and and CC work_i5jewootsnhvrcvfsugrmdljaa 726 19 the the DT work_i5jewootsnhvrcvfsugrmdljaa 726 20 Behavior Behavior NNP work_i5jewootsnhvrcvfsugrmdljaa 726 21 of of IN work_i5jewootsnhvrcvfsugrmdljaa 726 22 Interest Interest NNP work_i5jewootsnhvrcvfsugrmdljaa 726 23 Rates Rates NNPS work_i5jewootsnhvrcvfsugrmdljaa 726 24 . . . work_i5jewootsnhvrcvfsugrmdljaa 726 25 " " '' work_i5jewootsnhvrcvfsugrmdljaa 727 1 American American NNP work_i5jewootsnhvrcvfsugrmdljaa 727 2 Economic Economic NNP work_i5jewootsnhvrcvfsugrmdljaa 727 3 Review Review NNP work_i5jewootsnhvrcvfsugrmdljaa 727 4 , , , work_i5jewootsnhvrcvfsugrmdljaa 727 5 June June NNP work_i5jewootsnhvrcvfsugrmdljaa 727 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 727 7 pp pp NNP work_i5jewootsnhvrcvfsugrmdljaa 727 8 . . . work_i5jewootsnhvrcvfsugrmdljaa 728 1 429 429 CD work_i5jewootsnhvrcvfsugrmdljaa 728 2 - - SYM work_i5jewootsnhvrcvfsugrmdljaa 728 3 457 457 CD work_i5jewootsnhvrcvfsugrmdljaa 728 4 . . . work_i5jewootsnhvrcvfsugrmdljaa 729 1 Singleton Singleton NNP work_i5jewootsnhvrcvfsugrmdljaa 729 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 729 3 K.(1987 K.(1987 NNP work_i5jewootsnhvrcvfsugrmdljaa 729 4 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 729 5 : : : work_i5jewootsnhvrcvfsugrmdljaa 729 6 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 729 7 Asset Asset NNP work_i5jewootsnhvrcvfsugrmdljaa 729 8 Prices Prices NNPS work_i5jewootsnhvrcvfsugrmdljaa 729 9 in in IN work_i5jewootsnhvrcvfsugrmdljaa 729 10 a a DT work_i5jewootsnhvrcvfsugrmdljaa 729 11 Time Time NNP work_i5jewootsnhvrcvfsugrmdljaa 729 12 - - HYPH work_i5jewootsnhvrcvfsugrmdljaa 729 13 Series Series NNP work_i5jewootsnhvrcvfsugrmdljaa 729 14 Model Model NNP work_i5jewootsnhvrcvfsugrmdljaa 729 15 with with IN work_i5jewootsnhvrcvfsugrmdljaa 729 16 Disparately disparately RB work_i5jewootsnhvrcvfsugrmdljaa 729 17 Informed informed JJ work_i5jewootsnhvrcvfsugrmdljaa 729 18 , , , work_i5jewootsnhvrcvfsugrmdljaa 729 19 Competitive competitive JJ work_i5jewootsnhvrcvfsugrmdljaa 729 20 Traders trader NNS work_i5jewootsnhvrcvfsugrmdljaa 729 21 . . . work_i5jewootsnhvrcvfsugrmdljaa 729 22 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 729 23 In in IN work_i5jewootsnhvrcvfsugrmdljaa 729 24 , , , work_i5jewootsnhvrcvfsugrmdljaa 729 25 Barnet Barnet NNP work_i5jewootsnhvrcvfsugrmdljaa 729 26 , , , work_i5jewootsnhvrcvfsugrmdljaa 729 27 W. W. NNP work_i5jewootsnhvrcvfsugrmdljaa 729 28 and and CC work_i5jewootsnhvrcvfsugrmdljaa 729 29 Singleton Singleton NNP work_i5jewootsnhvrcvfsugrmdljaa 729 30 , , , work_i5jewootsnhvrcvfsugrmdljaa 729 31 K. K. NNP work_i5jewootsnhvrcvfsugrmdljaa 730 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 730 2 ed ed NNP work_i5jewootsnhvrcvfsugrmdljaa 730 3 . . . work_i5jewootsnhvrcvfsugrmdljaa 730 4 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 731 1 New new JJ work_i5jewootsnhvrcvfsugrmdljaa 731 2 Approaches approach NNS work_i5jewootsnhvrcvfsugrmdljaa 731 3 to to IN work_i5jewootsnhvrcvfsugrmdljaa 731 4 Monetary Monetary NNP work_i5jewootsnhvrcvfsugrmdljaa 731 5 Economics Economics NNP work_i5jewootsnhvrcvfsugrmdljaa 731 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 731 7 Proceedings Proceedings NNPS work_i5jewootsnhvrcvfsugrmdljaa 731 8 of of IN work_i5jewootsnhvrcvfsugrmdljaa 731 9 the the DT work_i5jewootsnhvrcvfsugrmdljaa 731 10 Second Second NNP work_i5jewootsnhvrcvfsugrmdljaa 731 11 International International NNP work_i5jewootsnhvrcvfsugrmdljaa 731 12 Symposium Symposium NNP work_i5jewootsnhvrcvfsugrmdljaa 731 13 in in IN work_i5jewootsnhvrcvfsugrmdljaa 731 14 Economic Economic NNP work_i5jewootsnhvrcvfsugrmdljaa 731 15 Theory Theory NNP work_i5jewootsnhvrcvfsugrmdljaa 731 16 and and CC work_i5jewootsnhvrcvfsugrmdljaa 731 17 Econometrics Econometrics NNPS work_i5jewootsnhvrcvfsugrmdljaa 731 18 . . . work_i5jewootsnhvrcvfsugrmdljaa 732 1 Cambridge Cambridge NNP work_i5jewootsnhvrcvfsugrmdljaa 732 2 : : : work_i5jewootsnhvrcvfsugrmdljaa 732 3 Cambridge Cambridge NNP work_i5jewootsnhvrcvfsugrmdljaa 732 4 University University NNP work_i5jewootsnhvrcvfsugrmdljaa 732 5 Press Press NNP work_i5jewootsnhvrcvfsugrmdljaa 732 6 . . . work_i5jewootsnhvrcvfsugrmdljaa 733 1 Saari Saari NNP work_i5jewootsnhvrcvfsugrmdljaa 733 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 733 3 D. D. NNP work_i5jewootsnhvrcvfsugrmdljaa 733 4 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 733 5 2006 2006 CD work_i5jewootsnhvrcvfsugrmdljaa 733 6 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 733 7 : : : work_i5jewootsnhvrcvfsugrmdljaa 733 8 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 733 9 Parts part NNS work_i5jewootsnhvrcvfsugrmdljaa 733 10 , , , work_i5jewootsnhvrcvfsugrmdljaa 733 11 Whole whole NN work_i5jewootsnhvrcvfsugrmdljaa 733 12 , , , work_i5jewootsnhvrcvfsugrmdljaa 733 13 and and CC work_i5jewootsnhvrcvfsugrmdljaa 733 14 Evolution Evolution NNP work_i5jewootsnhvrcvfsugrmdljaa 733 15 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 733 16 , , , work_i5jewootsnhvrcvfsugrmdljaa 733 17 Lecture Lecture NNP work_i5jewootsnhvrcvfsugrmdljaa 733 18 notes note NNS work_i5jewootsnhvrcvfsugrmdljaa 733 19 , , , work_i5jewootsnhvrcvfsugrmdljaa 733 20 University University NNP work_i5jewootsnhvrcvfsugrmdljaa 733 21 of of IN work_i5jewootsnhvrcvfsugrmdljaa 733 22 California California NNP work_i5jewootsnhvrcvfsugrmdljaa 733 23 at at IN work_i5jewootsnhvrcvfsugrmdljaa 733 24 Irvine Irvine NNP work_i5jewootsnhvrcvfsugrmdljaa 733 25 . . . work_i5jewootsnhvrcvfsugrmdljaa 734 1 Swanson Swanson NNP work_i5jewootsnhvrcvfsugrmdljaa 734 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 734 3 E. E. NNP work_i5jewootsnhvrcvfsugrmdljaa 734 4 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 734 5 2006 2006 CD work_i5jewootsnhvrcvfsugrmdljaa 734 6 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 734 7 : : : work_i5jewootsnhvrcvfsugrmdljaa 734 8 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 734 9 Have have VB work_i5jewootsnhvrcvfsugrmdljaa 734 10 Increases increase NNS work_i5jewootsnhvrcvfsugrmdljaa 734 11 in in IN work_i5jewootsnhvrcvfsugrmdljaa 734 12 Federal Federal NNP work_i5jewootsnhvrcvfsugrmdljaa 734 13 Reserve Reserve NNP work_i5jewootsnhvrcvfsugrmdljaa 734 14 Transparency Transparency NNP work_i5jewootsnhvrcvfsugrmdljaa 734 15 Improved Improved NNP work_i5jewootsnhvrcvfsugrmdljaa 734 16 Private Private NNP work_i5jewootsnhvrcvfsugrmdljaa 734 17 Sector Sector NNP work_i5jewootsnhvrcvfsugrmdljaa 734 18 Forecasts forecast NNS work_i5jewootsnhvrcvfsugrmdljaa 734 19 of of IN work_i5jewootsnhvrcvfsugrmdljaa 734 20 Short Short NNP work_i5jewootsnhvrcvfsugrmdljaa 734 21 Term Term NNP work_i5jewootsnhvrcvfsugrmdljaa 734 22 Interest Interest NNP work_i5jewootsnhvrcvfsugrmdljaa 734 23 Rates Rates NNPS work_i5jewootsnhvrcvfsugrmdljaa 734 24 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 735 1 Journal Journal NNP work_i5jewootsnhvrcvfsugrmdljaa 735 2 of of IN work_i5jewootsnhvrcvfsugrmdljaa 735 3 Money Money NNP work_i5jewootsnhvrcvfsugrmdljaa 735 4 , , , work_i5jewootsnhvrcvfsugrmdljaa 735 5 Credit Credit NNP work_i5jewootsnhvrcvfsugrmdljaa 735 6 and and CC work_i5jewootsnhvrcvfsugrmdljaa 735 7 Banking Banking NNP work_i5jewootsnhvrcvfsugrmdljaa 735 8 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 735 9 forthcoming forthcoming JJ work_i5jewootsnhvrcvfsugrmdljaa 735 10 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 735 11 . . . work_i5jewootsnhvrcvfsugrmdljaa 736 1 Toukan Toukan NNP work_i5jewootsnhvrcvfsugrmdljaa 736 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 736 3 A. a. NN work_i5jewootsnhvrcvfsugrmdljaa 737 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 737 2 2006 2006 CD work_i5jewootsnhvrcvfsugrmdljaa 737 3 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 737 4 : : : work_i5jewootsnhvrcvfsugrmdljaa 737 5 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 737 6 Privately privately RB work_i5jewootsnhvrcvfsugrmdljaa 737 7 Held held JJ work_i5jewootsnhvrcvfsugrmdljaa 737 8 or or CC work_i5jewootsnhvrcvfsugrmdljaa 737 9 Publicly publicly RB work_i5jewootsnhvrcvfsugrmdljaa 737 10 Owned own VBN work_i5jewootsnhvrcvfsugrmdljaa 737 11 ? ? . work_i5jewootsnhvrcvfsugrmdljaa 738 1 Evolutionary Evolutionary NNP work_i5jewootsnhvrcvfsugrmdljaa 738 2 Game Game NNP work_i5jewootsnhvrcvfsugrmdljaa 738 3 Theoretic Theoretic NNP work_i5jewootsnhvrcvfsugrmdljaa 738 4 Analysis Analysis NNP work_i5jewootsnhvrcvfsugrmdljaa 738 5 . . . work_i5jewootsnhvrcvfsugrmdljaa 738 6 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 738 7 Working Working NNP work_i5jewootsnhvrcvfsugrmdljaa 738 8 Paper Paper NNP work_i5jewootsnhvrcvfsugrmdljaa 738 9 , , , work_i5jewootsnhvrcvfsugrmdljaa 738 10 University University NNP work_i5jewootsnhvrcvfsugrmdljaa 738 11 of of IN work_i5jewootsnhvrcvfsugrmdljaa 738 12 California California NNP work_i5jewootsnhvrcvfsugrmdljaa 738 13 at at IN work_i5jewootsnhvrcvfsugrmdljaa 738 14 Irvine Irvine NNP work_i5jewootsnhvrcvfsugrmdljaa 738 15 . . . work_i5jewootsnhvrcvfsugrmdljaa 739 1 Townsend townsend VB work_i5jewootsnhvrcvfsugrmdljaa 739 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 739 3 R. R. NNP work_i5jewootsnhvrcvfsugrmdljaa 739 4 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 739 5 1978 1978 CD work_i5jewootsnhvrcvfsugrmdljaa 739 6 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 739 7 : : : work_i5jewootsnhvrcvfsugrmdljaa 739 8 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 739 9 Market Market NNP work_i5jewootsnhvrcvfsugrmdljaa 739 10 Anticipations Anticipations NNP work_i5jewootsnhvrcvfsugrmdljaa 739 11 , , , work_i5jewootsnhvrcvfsugrmdljaa 739 12 Rational Rational NNP work_i5jewootsnhvrcvfsugrmdljaa 739 13 Expectations Expectations NNPS work_i5jewootsnhvrcvfsugrmdljaa 739 14 and and CC work_i5jewootsnhvrcvfsugrmdljaa 739 15 Bayesian Bayesian NNP work_i5jewootsnhvrcvfsugrmdljaa 739 16 Analysis Analysis NNP work_i5jewootsnhvrcvfsugrmdljaa 739 17 . . . work_i5jewootsnhvrcvfsugrmdljaa 739 18 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 739 19 International International NNP work_i5jewootsnhvrcvfsugrmdljaa 739 20 Economic Economic NNP work_i5jewootsnhvrcvfsugrmdljaa 739 21 Review Review NNP work_i5jewootsnhvrcvfsugrmdljaa 739 22 , , , work_i5jewootsnhvrcvfsugrmdljaa 739 23 19 19 CD work_i5jewootsnhvrcvfsugrmdljaa 739 24 , , , work_i5jewootsnhvrcvfsugrmdljaa 739 25 481 481 CD work_i5jewootsnhvrcvfsugrmdljaa 739 26 - - SYM work_i5jewootsnhvrcvfsugrmdljaa 739 27 494 494 CD work_i5jewootsnhvrcvfsugrmdljaa 739 28 . . . work_i5jewootsnhvrcvfsugrmdljaa 740 1 Townsend townsend VB work_i5jewootsnhvrcvfsugrmdljaa 740 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 740 3 R. R. NNP work_i5jewootsnhvrcvfsugrmdljaa 740 4 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 740 5 1983 1983 CD work_i5jewootsnhvrcvfsugrmdljaa 740 6 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 740 7 : : : work_i5jewootsnhvrcvfsugrmdljaa 740 8 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 740 9 Forecasting forecast VBG work_i5jewootsnhvrcvfsugrmdljaa 740 10 the the DT work_i5jewootsnhvrcvfsugrmdljaa 740 11 Forecasts forecast NNS work_i5jewootsnhvrcvfsugrmdljaa 740 12 of of IN work_i5jewootsnhvrcvfsugrmdljaa 740 13 Others Others NNPS work_i5jewootsnhvrcvfsugrmdljaa 740 14 . . . work_i5jewootsnhvrcvfsugrmdljaa 740 15 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 740 16 Journal Journal NNP work_i5jewootsnhvrcvfsugrmdljaa 740 17 of of IN work_i5jewootsnhvrcvfsugrmdljaa 740 18 Political Political NNP work_i5jewootsnhvrcvfsugrmdljaa 740 19 Economy Economy NNP work_i5jewootsnhvrcvfsugrmdljaa 740 20 , , , work_i5jewootsnhvrcvfsugrmdljaa 740 21 91 91 CD work_i5jewootsnhvrcvfsugrmdljaa 740 22 , , , work_i5jewootsnhvrcvfsugrmdljaa 740 23 546 546 CD work_i5jewootsnhvrcvfsugrmdljaa 740 24 - - SYM work_i5jewootsnhvrcvfsugrmdljaa 740 25 588 588 CD work_i5jewootsnhvrcvfsugrmdljaa 740 26 . . . work_i5jewootsnhvrcvfsugrmdljaa 741 1 Wang Wang NNP work_i5jewootsnhvrcvfsugrmdljaa 741 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 741 3 J. J. NNP work_i5jewootsnhvrcvfsugrmdljaa 742 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 742 2 1994 1994 CD work_i5jewootsnhvrcvfsugrmdljaa 742 3 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 742 4 : : : work_i5jewootsnhvrcvfsugrmdljaa 742 5 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 742 6 A a DT work_i5jewootsnhvrcvfsugrmdljaa 742 7 Model Model NNP work_i5jewootsnhvrcvfsugrmdljaa 742 8 of of IN work_i5jewootsnhvrcvfsugrmdljaa 742 9 Competitive Competitive NNP work_i5jewootsnhvrcvfsugrmdljaa 742 10 Stock Stock NNP work_i5jewootsnhvrcvfsugrmdljaa 742 11 Trading Trading NNP work_i5jewootsnhvrcvfsugrmdljaa 742 12 Volume Volume NNP work_i5jewootsnhvrcvfsugrmdljaa 742 13 . . . work_i5jewootsnhvrcvfsugrmdljaa 742 14 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 742 15 Journal Journal NNP work_i5jewootsnhvrcvfsugrmdljaa 742 16 of of IN work_i5jewootsnhvrcvfsugrmdljaa 742 17 Political Political NNP work_i5jewootsnhvrcvfsugrmdljaa 742 18 Economy Economy NNP work_i5jewootsnhvrcvfsugrmdljaa 742 19 , , , work_i5jewootsnhvrcvfsugrmdljaa 742 20 102 102 CD work_i5jewootsnhvrcvfsugrmdljaa 742 21 , , , work_i5jewootsnhvrcvfsugrmdljaa 742 22 127 127 CD work_i5jewootsnhvrcvfsugrmdljaa 742 23 - - SYM work_i5jewootsnhvrcvfsugrmdljaa 742 24 168 168 CD work_i5jewootsnhvrcvfsugrmdljaa 742 25 . . . work_i5jewootsnhvrcvfsugrmdljaa 743 1 Varian Varian NNP work_i5jewootsnhvrcvfsugrmdljaa 743 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 743 3 H.R. H.R. NNP work_i5jewootsnhvrcvfsugrmdljaa 744 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 744 2 1985 1985 CD work_i5jewootsnhvrcvfsugrmdljaa 744 3 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 744 4 : : : work_i5jewootsnhvrcvfsugrmdljaa 744 5 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 744 6 Divergence Divergence NNP work_i5jewootsnhvrcvfsugrmdljaa 744 7 of of IN work_i5jewootsnhvrcvfsugrmdljaa 744 8 Opinion Opinion NNP work_i5jewootsnhvrcvfsugrmdljaa 744 9 in in IN work_i5jewootsnhvrcvfsugrmdljaa 744 10 Complete Complete NNP work_i5jewootsnhvrcvfsugrmdljaa 744 11 Markets Markets NNPS work_i5jewootsnhvrcvfsugrmdljaa 744 12 : : : work_i5jewootsnhvrcvfsugrmdljaa 744 13 A a DT work_i5jewootsnhvrcvfsugrmdljaa 744 14 Note note NN work_i5jewootsnhvrcvfsugrmdljaa 744 15 . . . work_i5jewootsnhvrcvfsugrmdljaa 744 16 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 744 17 Journal Journal NNP work_i5jewootsnhvrcvfsugrmdljaa 744 18 of of IN work_i5jewootsnhvrcvfsugrmdljaa 744 19 Finance Finance NNP work_i5jewootsnhvrcvfsugrmdljaa 744 20 40 40 CD work_i5jewootsnhvrcvfsugrmdljaa 744 21 , , , work_i5jewootsnhvrcvfsugrmdljaa 744 22 309 309 CD work_i5jewootsnhvrcvfsugrmdljaa 744 23 - - SYM work_i5jewootsnhvrcvfsugrmdljaa 744 24 317 317 CD work_i5jewootsnhvrcvfsugrmdljaa 744 25 Varian Varian NNP work_i5jewootsnhvrcvfsugrmdljaa 744 26 , , , work_i5jewootsnhvrcvfsugrmdljaa 744 27 H.R. H.R. NNP work_i5jewootsnhvrcvfsugrmdljaa 745 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 745 2 1989 1989 CD work_i5jewootsnhvrcvfsugrmdljaa 745 3 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 745 4 : : : work_i5jewootsnhvrcvfsugrmdljaa 745 5 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 745 6 Differences difference NNS work_i5jewootsnhvrcvfsugrmdljaa 745 7 of of IN work_i5jewootsnhvrcvfsugrmdljaa 745 8 Opinion opinion NN work_i5jewootsnhvrcvfsugrmdljaa 745 9 in in IN work_i5jewootsnhvrcvfsugrmdljaa 745 10 Financial Financial NNP work_i5jewootsnhvrcvfsugrmdljaa 745 11 Markets Markets NNPS work_i5jewootsnhvrcvfsugrmdljaa 745 12 . . . work_i5jewootsnhvrcvfsugrmdljaa 745 13 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 745 14 In in IN work_i5jewootsnhvrcvfsugrmdljaa 745 15 Financial financial JJ work_i5jewootsnhvrcvfsugrmdljaa 745 16 Risk risk NN work_i5jewootsnhvrcvfsugrmdljaa 745 17 : : : work_i5jewootsnhvrcvfsugrmdljaa 745 18 Theory theory NN work_i5jewootsnhvrcvfsugrmdljaa 745 19 , , , work_i5jewootsnhvrcvfsugrmdljaa 745 20 Evidence evidence NN work_i5jewootsnhvrcvfsugrmdljaa 745 21 and and CC work_i5jewootsnhvrcvfsugrmdljaa 745 22 Implications Implications NNPS work_i5jewootsnhvrcvfsugrmdljaa 745 23 , , , work_i5jewootsnhvrcvfsugrmdljaa 745 24 Proceeding Proceeding NNP work_i5jewootsnhvrcvfsugrmdljaa 745 25 of of IN work_i5jewootsnhvrcvfsugrmdljaa 745 26 the the DT work_i5jewootsnhvrcvfsugrmdljaa 745 27 11th 11th JJ work_i5jewootsnhvrcvfsugrmdljaa 745 28 Annual Annual NNP work_i5jewootsnhvrcvfsugrmdljaa 745 29 Economic Economic NNP work_i5jewootsnhvrcvfsugrmdljaa 745 30 Policy Policy NNP work_i5jewootsnhvrcvfsugrmdljaa 745 31 Conference Conference NNP work_i5jewootsnhvrcvfsugrmdljaa 745 32 of of IN work_i5jewootsnhvrcvfsugrmdljaa 745 33 the the DT work_i5jewootsnhvrcvfsugrmdljaa 745 34 Federal Federal NNP work_i5jewootsnhvrcvfsugrmdljaa 745 35 Reserve Reserve NNP work_i5jewootsnhvrcvfsugrmdljaa 745 36 Bank Bank NNP work_i5jewootsnhvrcvfsugrmdljaa 745 37 of of IN work_i5jewootsnhvrcvfsugrmdljaa 745 38 St. St. NNP work_i5jewootsnhvrcvfsugrmdljaa 745 39 Louis Louis NNP work_i5jewootsnhvrcvfsugrmdljaa 745 40 , , , work_i5jewootsnhvrcvfsugrmdljaa 745 41 Stone Stone NNP work_i5jewootsnhvrcvfsugrmdljaa 745 42 , , , work_i5jewootsnhvrcvfsugrmdljaa 745 43 C.C. C.C. NNP work_i5jewootsnhvrcvfsugrmdljaa 746 1 ed ed NNP work_i5jewootsnhvrcvfsugrmdljaa 746 2 . . . work_i5jewootsnhvrcvfsugrmdljaa 747 1 Boston Boston NNP work_i5jewootsnhvrcvfsugrmdljaa 747 2 : : : work_i5jewootsnhvrcvfsugrmdljaa 747 3 Kluwer Kluwer NNP work_i5jewootsnhvrcvfsugrmdljaa 747 4 Academic Academic NNP work_i5jewootsnhvrcvfsugrmdljaa 747 5 Publishers Publishers NNPS work_i5jewootsnhvrcvfsugrmdljaa 747 6 . . . work_i5jewootsnhvrcvfsugrmdljaa 748 1 38 38 CD work_i5jewootsnhvrcvfsugrmdljaa 748 2 Wu Wu NNP work_i5jewootsnhvrcvfsugrmdljaa 748 3 , , , work_i5jewootsnhvrcvfsugrmdljaa 748 4 H.M. H.M. NNP work_i5jewootsnhvrcvfsugrmdljaa 748 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 748 6 Guo Guo NNP work_i5jewootsnhvrcvfsugrmdljaa 748 7 , , , work_i5jewootsnhvrcvfsugrmdljaa 748 8 W.C. W.C. NNP work_i5jewootsnhvrcvfsugrmdljaa 748 9 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 748 10 2003 2003 CD work_i5jewootsnhvrcvfsugrmdljaa 748 11 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 748 12 : : : work_i5jewootsnhvrcvfsugrmdljaa 748 13 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 748 14 Speculative speculative JJ work_i5jewootsnhvrcvfsugrmdljaa 748 15 Trading trading NN work_i5jewootsnhvrcvfsugrmdljaa 748 16 with with IN work_i5jewootsnhvrcvfsugrmdljaa 748 17 Rational Rational NNP work_i5jewootsnhvrcvfsugrmdljaa 748 18 Beliefs Beliefs NNPS work_i5jewootsnhvrcvfsugrmdljaa 748 19 and and CC work_i5jewootsnhvrcvfsugrmdljaa 748 20 Endogenous Endogenous NNP work_i5jewootsnhvrcvfsugrmdljaa 748 21 Uncertainty Uncertainty NNP work_i5jewootsnhvrcvfsugrmdljaa 748 22 . . . work_i5jewootsnhvrcvfsugrmdljaa 748 23 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 748 24 Economic Economic NNP work_i5jewootsnhvrcvfsugrmdljaa 748 25 Theory Theory NNP work_i5jewootsnhvrcvfsugrmdljaa 748 26 , , , work_i5jewootsnhvrcvfsugrmdljaa 748 27 21 21 CD work_i5jewootsnhvrcvfsugrmdljaa 748 28 , , , work_i5jewootsnhvrcvfsugrmdljaa 748 29 263 263 CD work_i5jewootsnhvrcvfsugrmdljaa 748 30 292 292 CD work_i5jewootsnhvrcvfsugrmdljaa 748 31 . . . work_i5jewootsnhvrcvfsugrmdljaa 749 1 Wu Wu NNP work_i5jewootsnhvrcvfsugrmdljaa 749 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 749 3 H.M. H.M. NNP work_i5jewootsnhvrcvfsugrmdljaa 749 4 , , , work_i5jewootsnhvrcvfsugrmdljaa 749 5 Guo Guo NNP work_i5jewootsnhvrcvfsugrmdljaa 749 6 , , , work_i5jewootsnhvrcvfsugrmdljaa 749 7 W.C. W.C. NNP work_i5jewootsnhvrcvfsugrmdljaa 749 8 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 749 9 2004 2004 CD work_i5jewootsnhvrcvfsugrmdljaa 749 10 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 749 11 : : : work_i5jewootsnhvrcvfsugrmdljaa 749 12 “ " `` work_i5jewootsnhvrcvfsugrmdljaa 749 13 Asset Asset NNP work_i5jewootsnhvrcvfsugrmdljaa 749 14 Price Price NNP work_i5jewootsnhvrcvfsugrmdljaa 749 15 Volatility Volatility NNP work_i5jewootsnhvrcvfsugrmdljaa 749 16 and and CC work_i5jewootsnhvrcvfsugrmdljaa 749 17 Trading trading NN work_i5jewootsnhvrcvfsugrmdljaa 749 18 Volume volume NN work_i5jewootsnhvrcvfsugrmdljaa 749 19 with with IN work_i5jewootsnhvrcvfsugrmdljaa 749 20 Rational Rational NNP work_i5jewootsnhvrcvfsugrmdljaa 749 21 Beliefs Beliefs NNPS work_i5jewootsnhvrcvfsugrmdljaa 749 22 . . . work_i5jewootsnhvrcvfsugrmdljaa 749 23 ” " '' work_i5jewootsnhvrcvfsugrmdljaa 749 24 Economic Economic NNP work_i5jewootsnhvrcvfsugrmdljaa 749 25 Theory Theory NNP work_i5jewootsnhvrcvfsugrmdljaa 749 26 , , , work_i5jewootsnhvrcvfsugrmdljaa 749 27 23 23 CD work_i5jewootsnhvrcvfsugrmdljaa 749 28 , , , work_i5jewootsnhvrcvfsugrmdljaa 749 29 461- 461- CD work_i5jewootsnhvrcvfsugrmdljaa 749 30 488 488 CD work_i5jewootsnhvrcvfsugrmdljaa 749 31 Woodford Woodford NNP work_i5jewootsnhvrcvfsugrmdljaa 749 32 , , , work_i5jewootsnhvrcvfsugrmdljaa 749 33 M. M. NNP work_i5jewootsnhvrcvfsugrmdljaa 749 34 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 749 35 2003 2003 CD work_i5jewootsnhvrcvfsugrmdljaa 749 36 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 749 37 : : : work_i5jewootsnhvrcvfsugrmdljaa 749 38 " " `` work_i5jewootsnhvrcvfsugrmdljaa 749 39 Imperfect imperfect VB work_i5jewootsnhvrcvfsugrmdljaa 749 40 Common common JJ work_i5jewootsnhvrcvfsugrmdljaa 749 41 Knowledge knowledge NN work_i5jewootsnhvrcvfsugrmdljaa 749 42 and and CC work_i5jewootsnhvrcvfsugrmdljaa 749 43 the the DT work_i5jewootsnhvrcvfsugrmdljaa 749 44 Effect Effect NNP work_i5jewootsnhvrcvfsugrmdljaa 749 45 of of IN work_i5jewootsnhvrcvfsugrmdljaa 749 46 Monetary Monetary NNP work_i5jewootsnhvrcvfsugrmdljaa 749 47 Policy Policy NNP work_i5jewootsnhvrcvfsugrmdljaa 749 48 . . . work_i5jewootsnhvrcvfsugrmdljaa 749 49 " " '' work_i5jewootsnhvrcvfsugrmdljaa 750 1 Chapter chapter NN work_i5jewootsnhvrcvfsugrmdljaa 750 2 1 1 CD work_i5jewootsnhvrcvfsugrmdljaa 750 3 in in IN work_i5jewootsnhvrcvfsugrmdljaa 750 4 Aghion Aghion NNP work_i5jewootsnhvrcvfsugrmdljaa 750 5 , , , work_i5jewootsnhvrcvfsugrmdljaa 750 6 P. P. NNP work_i5jewootsnhvrcvfsugrmdljaa 750 7 , , , work_i5jewootsnhvrcvfsugrmdljaa 750 8 Frydman Frydman NNP work_i5jewootsnhvrcvfsugrmdljaa 750 9 , , , work_i5jewootsnhvrcvfsugrmdljaa 750 10 R. R. NNP work_i5jewootsnhvrcvfsugrmdljaa 750 11 , , , work_i5jewootsnhvrcvfsugrmdljaa 750 12 Stiglitz Stiglitz NNP work_i5jewootsnhvrcvfsugrmdljaa 750 13 , , , work_i5jewootsnhvrcvfsugrmdljaa 750 14 J. J. NNP work_i5jewootsnhvrcvfsugrmdljaa 750 15 , , , work_i5jewootsnhvrcvfsugrmdljaa 750 16 Woodford Woodford NNP work_i5jewootsnhvrcvfsugrmdljaa 750 17 , , , work_i5jewootsnhvrcvfsugrmdljaa 750 18 M. M. NNP work_i5jewootsnhvrcvfsugrmdljaa 751 1 ( ( -LRB- work_i5jewootsnhvrcvfsugrmdljaa 751 2 ed ed NNP work_i5jewootsnhvrcvfsugrmdljaa 751 3 . . . work_i5jewootsnhvrcvfsugrmdljaa 751 4 ) ) -RRB- work_i5jewootsnhvrcvfsugrmdljaa 752 1 Knowledge knowledge NN work_i5jewootsnhvrcvfsugrmdljaa 752 2 , , , work_i5jewootsnhvrcvfsugrmdljaa 752 3 Information Information NNP work_i5jewootsnhvrcvfsugrmdljaa 752 4 and and CC work_i5jewootsnhvrcvfsugrmdljaa 752 5 Expectations Expectations NNPS work_i5jewootsnhvrcvfsugrmdljaa 752 6 in in IN work_i5jewootsnhvrcvfsugrmdljaa 752 7 Modern Modern NNP work_i5jewootsnhvrcvfsugrmdljaa 752 8 Macroeconomics Macroeconomics NNP work_i5jewootsnhvrcvfsugrmdljaa 752 9 , , , work_i5jewootsnhvrcvfsugrmdljaa 752 10 in in IN work_i5jewootsnhvrcvfsugrmdljaa 752 11 Honor Honor NNP work_i5jewootsnhvrcvfsugrmdljaa 752 12 of of IN work_i5jewootsnhvrcvfsugrmdljaa 752 13 Edmund Edmund NNP work_i5jewootsnhvrcvfsugrmdljaa 752 14 S. S. NNP work_i5jewootsnhvrcvfsugrmdljaa 752 15 Phelps Phelps NNP work_i5jewootsnhvrcvfsugrmdljaa 752 16 Princeton Princeton NNP work_i5jewootsnhvrcvfsugrmdljaa 752 17 : : : work_i5jewootsnhvrcvfsugrmdljaa 752 18 Princeton Princeton NNP work_i5jewootsnhvrcvfsugrmdljaa 752 19 University University NNP work_i5jewootsnhvrcvfsugrmdljaa 752 20 Press Press NNP work_i5jewootsnhvrcvfsugrmdljaa 752 21 . . .