id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
work_n27ihsbkpjfo3ankjp6zxbhpsi	Jeffrey A. Frankel	A panel project on purchasing power parity: Mean reversion within and between countries	1996	9	.pdf	application/pdf	8283	730	65	gambling decisions under alternative assumptions about contestant behavior and preferences, and derive testable restrictions on individual risk of gambling decisions to estimate distributions of risk-aversion parameters parameters that make contestants indifferent between gambling and keeping the sure prospect on every initial subgame in every regime of Hoosier Millionaire. Table 3 presents a summary of the contestants' endogenous initial gambling decisions.8 We also report mean phase The CRRA utility function is specified as follows: U(W) � W1�b/(1 � b), where W is the individual's initial wealth and b is the risk-aversion parameter. are independent draws from a normal population distribution.11 If a contestant's realization of the risk-aversion parameter is less than the value that yields indifference (equality of expected utilities from gambling and not gambling), Standard deviation is abbreviated Std. dev., and confidence interval is abbreviated c.i. TABLE 5.—CERTAINTY EQUIVALENTS FOR VARIOUS GAMBLES IMPLIED BY MEAN ESTIMATES OF RISK-AVERSION COEFFICIENTS	./cache/work_n27ihsbkpjfo3ankjp6zxbhpsi.pdf	./txt/work_n27ihsbkpjfo3ankjp6zxbhpsi.txt