id sid tid token lemma pos work_n27ihsbkpjfo3ankjp6zxbhpsi 1 1 Caballero Caballero NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 1 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 1 3 Ricardo Ricardo NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 1 4 J. J. NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 1 5 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 1 6 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 1 7 On on IN work_n27ihsbkpjfo3ankjp6zxbhpsi 1 8 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 1 9 Sign Sign NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 1 10 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 1 11 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 1 12 Investment Investment NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 1 13 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 1 14 Uncertainty Uncertainty NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 1 15 Relation- Relation- NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 1 16 ship ship NN work_n27ihsbkpjfo3ankjp6zxbhpsi 1 17 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 1 18 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 1 19 American American NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 1 20 Economic Economic NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 1 21 Review Review NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 1 22 81:1 81:1 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 1 23 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 1 24 March March NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 1 25 1991 1991 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 1 26 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 1 27 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 1 28 279–288 279–288 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 1 29 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 2 1 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 2 2 Macroeconomic macroeconomic JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 2 3 Volatility Volatility NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 2 4 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 2 5 Latin Latin NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 2 6 America America NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 2 7 : : : work_n27ihsbkpjfo3ankjp6zxbhpsi 2 8 A a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 2 9 View View NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 2 10 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 2 11 Three three CD work_n27ihsbkpjfo3ankjp6zxbhpsi 2 12 Case Case NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 2 13 Studies Studies NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 2 14 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 2 15 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 2 16 NBER nber NN work_n27ihsbkpjfo3ankjp6zxbhpsi 2 17 working work VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 2 18 paper paper NN work_n27ihsbkpjfo3ankjp6zxbhpsi 2 19 7782 7782 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 2 20 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 2 21 2000 2000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 2 22 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 2 23 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 3 1 Caballero Caballero NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 3 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 3 3 Ricardo Ricardo NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 3 4 J. J. NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 3 5 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 3 6 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 3 7 Robert Robert NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 3 8 S. S. NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 3 9 Pindyck Pindyck NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 3 10 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 3 11 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 3 12 Uncertainty Uncertainty NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 3 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 3 14 Investment investment NN work_n27ihsbkpjfo3ankjp6zxbhpsi 3 15 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 3 16 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 3 17 Industry Industry NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 3 18 Evolution Evolution NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 3 19 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 3 20 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 3 21 International International NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 3 22 Economic Economic NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 3 23 Review Review NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 3 24 37:3 37:3 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 3 25 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 3 26 August August NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 3 27 1996 1996 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 3 28 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 3 29 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 4 1 Carruth Carruth NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 4 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 4 3 Alan Alan NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 4 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 4 5 Andy Andy NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 4 6 Dickerson Dickerson NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 4 7 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 4 8 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 4 9 Andrew Andrew NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 4 10 Henley Henley NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 4 11 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 4 12 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 4 13 What what WP work_n27ihsbkpjfo3ankjp6zxbhpsi 4 14 do do VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 4 15 we -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 4 16 Know know VB work_n27ihsbkpjfo3ankjp6zxbhpsi 4 17 about about IN work_n27ihsbkpjfo3ankjp6zxbhpsi 4 18 Investment investment NN work_n27ihsbkpjfo3ankjp6zxbhpsi 4 19 under under IN work_n27ihsbkpjfo3ankjp6zxbhpsi 4 20 Uncertainty Uncertainty NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 4 21 ? ? . work_n27ihsbkpjfo3ankjp6zxbhpsi 4 22 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 4 23 Journal Journal NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 4 24 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 4 25 Economic Economic NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 4 26 Sur- Sur- NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 4 27 veys vey NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 4 28 14 14 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 4 29 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 4 30 2000 2000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 4 31 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 4 32 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 4 33 119–153 119–153 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 4 34 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 5 1 Darby Darby NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 5 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 5 3 Julia Julia NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 5 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 5 5 Andrew Andrew NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 5 6 H. H. NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 5 7 Hallett Hallett NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 5 8 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 5 9 Jonathan Jonathan NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 5 10 Ireland Ireland NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 5 11 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 5 12 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 5 13 Laura Laura NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 5 14 Piscitelli Piscitelli NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 5 15 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 5 16 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 5 17 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 5 18 Impact Impact NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 5 19 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 5 20 Exchange Exchange NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 5 21 Rate Rate NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 5 22 Uncertainty Uncertainty NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 5 23 on on IN work_n27ihsbkpjfo3ankjp6zxbhpsi 5 24 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 5 25 Level level NN work_n27ihsbkpjfo3ankjp6zxbhpsi 5 26 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 5 27 Investment investment NN work_n27ihsbkpjfo3ankjp6zxbhpsi 5 28 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 5 29 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 5 30 Economic Economic NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 5 31 Journal Journal NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 5 32 109 109 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 5 33 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 5 34 1999 1999 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 5 35 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 5 36 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 5 37 C55–C67 c55–c67 ADD work_n27ihsbkpjfo3ankjp6zxbhpsi 5 38 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 6 1 Dixit Dixit NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 6 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 6 3 Avinash Avinash NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 6 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 6 5 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 6 6 Robert Robert NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 6 7 S. S. NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 6 8 Pindyck Pindyck NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 6 9 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 6 10 Investment investment NN work_n27ihsbkpjfo3ankjp6zxbhpsi 6 11 under under IN work_n27ihsbkpjfo3ankjp6zxbhpsi 6 12 Uncertainty Uncertainty NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 6 13 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 6 14 Princeton Princeton NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 6 15 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 6 16 NJ NJ NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 6 17 : : : work_n27ihsbkpjfo3ankjp6zxbhpsi 6 18 Princeton Princeton NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 6 19 University University NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 6 20 Press Press NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 6 21 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 6 22 1994 1994 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 6 23 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 6 24 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 7 1 Easterly easterly RB work_n27ihsbkpjfo3ankjp6zxbhpsi 7 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 7 3 William William NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 7 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 7 5 Roumeen Roumeen NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 7 6 Islam Islam NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 7 7 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 7 8 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 7 9 Joseph Joseph NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 7 10 Stiglitz Stiglitz NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 7 11 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 7 12 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 7 13 Explaining explain VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 7 14 Growth growth NN work_n27ihsbkpjfo3ankjp6zxbhpsi 7 15 Volatility volatility NN work_n27ihsbkpjfo3ankjp6zxbhpsi 7 16 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 7 17 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 7 18 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 7 19 Annual Annual NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 7 20 World World NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 7 21 Bank Bank NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 7 22 Conference Conference NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 7 23 on on IN work_n27ihsbkpjfo3ankjp6zxbhpsi 7 24 Devel- Devel- NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 7 25 opment opment NN work_n27ihsbkpjfo3ankjp6zxbhpsi 7 26 Economics Economics NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 7 27 2000 2000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 7 28 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 7 29 Oxford Oxford NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 7 30 University University NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 7 31 Press Press NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 7 32 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 7 33 2000 2000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 7 34 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 7 35 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 8 1 Frankel Frankel NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 8 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 8 3 Jeffrey Jeffrey NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 8 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 8 5 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 8 6 Andy Andy NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 8 7 Rose Rose NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 8 8 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 8 9 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 8 10 A a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 8 11 Panel Panel NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 8 12 Project Project NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 8 13 on on IN work_n27ihsbkpjfo3ankjp6zxbhpsi 8 14 Purchasing Purchasing NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 8 15 Power Power NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 8 16 Parity Parity NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 8 17 : : : work_n27ihsbkpjfo3ankjp6zxbhpsi 8 18 Mean Mean NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 8 19 Reversion Reversion NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 8 20 Within within IN work_n27ihsbkpjfo3ankjp6zxbhpsi 8 21 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 8 22 Between between IN work_n27ihsbkpjfo3ankjp6zxbhpsi 8 23 Countries Countries NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 8 24 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 8 25 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 8 26 Journal Journal NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 8 27 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 8 28 International International NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 8 29 Economics Economics NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 8 30 40 40 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 8 31 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 8 32 1996 1996 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 8 33 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 8 34 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 8 35 209–224 209–224 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 8 36 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 9 1 Goldberg Goldberg NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 9 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 9 3 Linda Linda NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 9 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 9 5 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 9 6 Exchange exchange NN work_n27ihsbkpjfo3ankjp6zxbhpsi 9 7 Rates Rates NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 9 8 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 9 9 Investment Investment NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 9 10 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 9 11 United United NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 9 12 States States NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 9 13 Industry Industry NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 9 14 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 9 15 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 9 16 Review Review NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 9 17 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 9 18 Economics Economics NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 9 19 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 9 20 Statistics Statistics NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 9 21 75 75 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 9 22 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 9 23 1993 1993 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 9 24 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 9 25 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 9 26 575 575 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 9 27 – – : work_n27ihsbkpjfo3ankjp6zxbhpsi 9 28 588 588 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 9 29 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 10 1 Gul Gul NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 10 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 10 3 Faruk Faruk NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 10 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 10 5 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 10 6 A a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 10 7 Theory Theory NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 10 8 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 10 9 Disappointment Disappointment NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 10 10 Aversion Aversion NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 10 11 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 10 12 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 10 13 Econometrica Econometrica NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 10 14 59 59 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 10 15 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 10 16 1991 1991 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 10 17 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 10 18 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 10 19 667–686 667–686 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 10 20 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 11 1 Hartman Hartman NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 11 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 11 3 Richard Richard NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 11 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 11 5 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 11 6 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 11 7 Effects Effects NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 11 8 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 11 9 Price price NN work_n27ihsbkpjfo3ankjp6zxbhpsi 11 10 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 11 11 Cost Cost VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 11 12 Uncertainty uncertainty NN work_n27ihsbkpjfo3ankjp6zxbhpsi 11 13 on on IN work_n27ihsbkpjfo3ankjp6zxbhpsi 11 14 In- In- NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 11 15 vestment vestment NN work_n27ihsbkpjfo3ankjp6zxbhpsi 11 16 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 11 17 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 11 18 Journal Journal NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 11 19 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 11 20 Economic Economic NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 11 21 Theory Theory NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 11 22 5 5 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 11 23 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 11 24 October October NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 11 25 1972 1972 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 11 26 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 11 27 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 11 28 258 258 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 11 29 – – : work_n27ihsbkpjfo3ankjp6zxbhpsi 11 30 266 266 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 11 31 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 12 1 Interamerican Interamerican NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 12 2 Development Development NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 12 3 Bank Bank NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 12 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 12 5 Overcoming overcome VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 12 6 Volatility Volatility NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 12 7 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 12 8 Latin Latin NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 12 9 America America NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 12 10 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 12 11 1995 1995 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 12 12 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 12 13 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 13 1 Kraay Kraay NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 13 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 13 3 Aart Aart NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 13 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 13 5 Norman Norman NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 13 6 Loayza Loayza NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 13 7 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 13 8 Luis Luis NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 13 9 Servén Servén NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 13 10 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 13 11 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 13 12 Jaume Jaume NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 13 13 Ventura Ventura NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 13 14 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 13 15 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 13 16 Country country NN work_n27ihsbkpjfo3ankjp6zxbhpsi 13 17 Portfolios portfolio NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 13 18 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 13 19 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 13 20 NBER NBER NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 13 21 working work VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 13 22 paper paper NN work_n27ihsbkpjfo3ankjp6zxbhpsi 13 23 7795 7795 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 13 24 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 13 25 2000 2000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 13 26 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 13 27 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 14 1 Lee Lee NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 14 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 14 3 Jaewoo Jaewoo NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 14 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 14 5 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 14 6 Kwanho Kwanho NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 14 7 Shin Shin NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 14 8 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 14 9 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 14 10 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 14 11 Role role NN work_n27ihsbkpjfo3ankjp6zxbhpsi 14 12 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 14 13 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 14 14 Variable Variable NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 14 15 Input Input NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 14 16 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 14 17 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 14 18 Relationship relationship NN work_n27ihsbkpjfo3ankjp6zxbhpsi 14 19 between between IN work_n27ihsbkpjfo3ankjp6zxbhpsi 14 20 Investment Investment NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 14 21 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 14 22 Uncertainty Uncertainty NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 14 23 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 14 24 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 14 25 American American NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 14 26 Eco- Eco- NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 14 27 nomic nomic NN work_n27ihsbkpjfo3ankjp6zxbhpsi 14 28 Review Review NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 14 29 90 90 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 14 30 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 14 31 2000 2000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 14 32 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 14 33 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 14 34 667–680 667–680 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 14 35 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 15 1 Levine Levine NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 15 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 15 3 Ross Ross NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 15 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 15 5 Norman Norman NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 15 6 Loayza Loayza NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 15 7 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 15 8 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 15 9 Thorsten Thorsten NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 15 10 Beck Beck NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 15 11 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 15 12 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 15 13 Financial Financial NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 15 14 Intermedi- Intermedi- NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 15 15 ation ation NN work_n27ihsbkpjfo3ankjp6zxbhpsi 15 16 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 15 17 Growth growth NN work_n27ihsbkpjfo3ankjp6zxbhpsi 15 18 : : : work_n27ihsbkpjfo3ankjp6zxbhpsi 15 19 Causality Causality NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 15 20 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 15 21 Causes Causes NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 15 22 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 15 23 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 15 24 World World NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 15 25 Bank Bank NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 15 26 policy policy NN work_n27ihsbkpjfo3ankjp6zxbhpsi 15 27 research research NN work_n27ihsbkpjfo3ankjp6zxbhpsi 15 28 working work VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 15 29 paper paper NN work_n27ihsbkpjfo3ankjp6zxbhpsi 15 30 2059 2059 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 15 31 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 15 32 2000 2000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 15 33 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 15 34 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 16 1 Lothian Lothian NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 16 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 16 3 James James NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 16 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 16 5 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 16 6 Mark Mark NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 16 7 Taylor Taylor NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 16 8 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 16 9 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 16 10 Real real JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 16 11 Exchange exchange NN work_n27ihsbkpjfo3ankjp6zxbhpsi 16 12 Rate Rate NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 16 13 Behavior Behavior NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 16 14 : : : work_n27ihsbkpjfo3ankjp6zxbhpsi 16 15 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 16 16 Recent Recent NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 16 17 Float Float NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 16 18 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 16 19 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 16 20 Perspective perspective NN work_n27ihsbkpjfo3ankjp6zxbhpsi 16 21 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 16 22 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 16 23 Last last JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 16 24 Two two CD work_n27ihsbkpjfo3ankjp6zxbhpsi 16 25 Centuries Centuries NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 16 26 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 16 27 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 16 28 Journal Journal NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 16 29 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 16 30 Political Political NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 16 31 Economy Economy NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 16 32 104 104 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 16 33 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 16 34 1996 1996 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 16 35 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 16 36 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 16 37 488–509 488–509 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 16 38 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 17 1 Pindyck Pindyck NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 17 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 17 3 Robert Robert NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 17 4 S. S. NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 17 5 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 17 6 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 17 7 Andrés Andrés NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 17 8 Solimano Solimano NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 17 9 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 17 10 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 17 11 Economic Economic NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 17 12 Instability Instability NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 17 13 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 17 14 Aggregate Aggregate NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 17 15 Investment Investment NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 17 16 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 17 17 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 17 18 NBER NBER NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 17 19 Macroeconomics Macroeconomics NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 17 20 Annual Annual NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 17 21 8 8 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 17 22 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 17 23 1993 1993 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 17 24 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 17 25 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 17 26 259–303 259–303 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 17 27 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 18 1 Sarkar Sarkar NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 18 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 18 3 Sudipto Sudipto NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 18 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 18 5 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 18 6 On on IN work_n27ihsbkpjfo3ankjp6zxbhpsi 18 7 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 18 8 Investment Investment NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 18 9 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 18 10 Uncertainty Uncertainty NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 18 11 Relationship relationship NN work_n27ihsbkpjfo3ankjp6zxbhpsi 18 12 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 18 13 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 18 14 Real Real NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 18 15 Options Options NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 18 16 Model Model NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 18 17 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 18 18 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 18 19 Journal Journal NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 18 20 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 18 21 Economic Economic NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 18 22 Dynamics Dynamics NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 18 23 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 18 24 Control Control NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 18 25 24 24 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 18 26 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 18 27 2000 2000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 18 28 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 18 29 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 18 30 219–225 219–225 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 18 31 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 19 1 Servén Servén NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 19 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 19 3 Luis Luis NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 19 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 19 5 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 19 6 Macroeconomic Macroeconomic NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 19 7 Uncertainty Uncertainty NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 19 8 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 19 9 Private Private NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 19 10 Investment Investment NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 19 11 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 19 12 LDCs ldc NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 19 13 : : : work_n27ihsbkpjfo3ankjp6zxbhpsi 19 14 An an DT work_n27ihsbkpjfo3ankjp6zxbhpsi 19 15 Empirical Empirical NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 19 16 Investigation Investigation NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 19 17 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 19 18 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 19 19 World World NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 19 20 Bank Bank NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 19 21 policy policy NN work_n27ihsbkpjfo3ankjp6zxbhpsi 19 22 research research NN work_n27ihsbkpjfo3ankjp6zxbhpsi 19 23 working work VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 19 24 paper paper NN work_n27ihsbkpjfo3ankjp6zxbhpsi 19 25 2035 2035 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 19 26 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 19 27 1998 1998 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 19 28 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 19 29 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 20 1 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 20 2 Terms term NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 20 3 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 20 4 Trade Trade NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 20 5 Shocks Shocks NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 20 6 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 20 7 Optimal Optimal NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 20 8 Investment Investment NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 20 9 : : : work_n27ihsbkpjfo3ankjp6zxbhpsi 20 10 Another another DT work_n27ihsbkpjfo3ankjp6zxbhpsi 20 11 Look look VB work_n27ihsbkpjfo3ankjp6zxbhpsi 20 12 at at IN work_n27ihsbkpjfo3ankjp6zxbhpsi 20 13 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 20 14 Laursen Laursen NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 20 15 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 20 16 Metzler Metzler NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 20 17 Effect Effect NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 20 18 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 20 19 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 20 20 Journal Journal NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 20 21 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 20 22 International International NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 20 23 Money Money NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 20 24 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 20 25 Finance Finance NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 20 26 18 18 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 20 27 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 20 28 1999 1999 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 20 29 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 20 30 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 20 31 337–365 337–365 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 20 32 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 21 1 Servén Servén NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 21 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 21 3 Luis Luis NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 21 4 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 21 5 Andrés Andrés NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 21 6 Solimano Solimano NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 21 7 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 21 8 Striving strive VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 21 9 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 21 10 Growth Growth NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 21 11 after after IN work_n27ihsbkpjfo3ankjp6zxbhpsi 21 12 Adjustment adjustment NN work_n27ihsbkpjfo3ankjp6zxbhpsi 21 13 : : : work_n27ihsbkpjfo3ankjp6zxbhpsi 21 14 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 21 15 Role role NN work_n27ihsbkpjfo3ankjp6zxbhpsi 21 16 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 21 17 Capital Capital NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 21 18 Formation Formation NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 21 19 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 21 20 Washington Washington NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 21 21 : : : work_n27ihsbkpjfo3ankjp6zxbhpsi 21 22 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 21 23 World World NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 21 24 Bank Bank NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 21 25 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 21 26 1993 1993 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 21 27 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 21 28 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 22 1 Zeira Zeira NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 22 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 22 3 Joseph Joseph NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 22 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 22 5 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 22 6 Cost Cost NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 22 7 Uncertainty uncertainty NN work_n27ihsbkpjfo3ankjp6zxbhpsi 22 8 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 22 9 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 22 10 Rate Rate NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 22 11 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 22 12 Investment investment NN work_n27ihsbkpjfo3ankjp6zxbhpsi 22 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 22 14 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 22 15 Journal Journal NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 22 16 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 22 17 Economic Economic NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 22 18 Dynamics Dynamics NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 22 19 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 22 20 Control Control NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 22 21 14 14 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 22 22 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 22 23 1990 1990 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 22 24 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 22 25 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 22 26 53–63 53–63 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 22 27 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 23 1 ASSESSING ASSESSING NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 23 2 INDIVIDUAL INDIVIDUAL NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 23 3 RISK risk VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 23 4 ATTITUDES ATTITUDES NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 23 5 USING use VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 23 6 FIELD FIELD NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 23 7 DATA datum NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 23 8 FROM from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 23 9 LOTTERY lottery NN work_n27ihsbkpjfo3ankjp6zxbhpsi 23 10 GAMES games CC work_n27ihsbkpjfo3ankjp6zxbhpsi 23 11 Connel Connel NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 23 12 Fullenkamp Fullenkamp NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 23 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 23 14 Rafael Rafael NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 23 15 Tenorio Tenorio NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 23 16 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 23 17 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 23 18 Robert Robert NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 23 19 Battalio Battalio NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 23 20 * * NFP work_n27ihsbkpjfo3ankjp6zxbhpsi 23 21 Abstract Abstract NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 23 22 — — : work_n27ihsbkpjfo3ankjp6zxbhpsi 23 23 We -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 23 24 use use VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 23 25 information information NN work_n27ihsbkpjfo3ankjp6zxbhpsi 23 26 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 23 27 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 23 28 television television NN work_n27ihsbkpjfo3ankjp6zxbhpsi 23 29 game game NN work_n27ihsbkpjfo3ankjp6zxbhpsi 23 30 show show NN work_n27ihsbkpjfo3ankjp6zxbhpsi 23 31 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 23 32 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 23 33 highest high JJS work_n27ihsbkpjfo3ankjp6zxbhpsi 23 34 guaranteed guarantee VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 23 35 average average JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 23 36 payoff payoff NN work_n27ihsbkpjfo3ankjp6zxbhpsi 23 37 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 23 38 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 23 39 United United NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 23 40 States States NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 23 41 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 23 42 Hoosier Hoosier NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 23 43 Million- Million- NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 23 44 aire aire NN work_n27ihsbkpjfo3ankjp6zxbhpsi 23 45 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 23 46 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 23 47 analyze analyze VB work_n27ihsbkpjfo3ankjp6zxbhpsi 23 48 risktaking risktaking NN work_n27ihsbkpjfo3ankjp6zxbhpsi 23 49 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 23 50 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 23 51 high high JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 23 52 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 23 53 stakes stake NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 23 54 experiment experiment NN work_n27ihsbkpjfo3ankjp6zxbhpsi 23 55 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 24 1 We -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 24 2 characterize characterize VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 24 3 gambling gambling NN work_n27ihsbkpjfo3ankjp6zxbhpsi 24 4 decisions decision NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 24 5 under under IN work_n27ihsbkpjfo3ankjp6zxbhpsi 24 6 alternative alternative JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 24 7 assumptions assumption NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 24 8 about about IN work_n27ihsbkpjfo3ankjp6zxbhpsi 24 9 contestant contestant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 24 10 behav- behav- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 24 11 ior ior NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 24 12 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 24 13 preferences preference NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 24 14 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 24 15 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 24 16 derive derive VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 24 17 testable testable JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 24 18 restrictions restriction NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 24 19 on on IN work_n27ihsbkpjfo3ankjp6zxbhpsi 24 20 individual individual JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 24 21 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 24 22 attitudes attitude NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 24 23 based base VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 24 24 on on IN work_n27ihsbkpjfo3ankjp6zxbhpsi 24 25 this this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 24 26 characterization characterization NN work_n27ihsbkpjfo3ankjp6zxbhpsi 24 27 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 25 1 We -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 25 2 then then RB work_n27ihsbkpjfo3ankjp6zxbhpsi 25 3 use use VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 25 4 an an DT work_n27ihsbkpjfo3ankjp6zxbhpsi 25 5 extensive extensive JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 25 6 sample sample NN work_n27ihsbkpjfo3ankjp6zxbhpsi 25 7 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 25 8 gambling gambling NN work_n27ihsbkpjfo3ankjp6zxbhpsi 25 9 decisions decision NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 25 10 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 25 11 estimate estimate VB work_n27ihsbkpjfo3ankjp6zxbhpsi 25 12 distributions distribution NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 25 13 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 25 14 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 25 15 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 25 16 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 25 17 parameters parameter NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 25 18 consistent consistent JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 25 19 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 25 20 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 25 21 theoretical theoretical JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 25 22 restrictions restriction NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 25 23 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 25 24 revealed reveal VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 25 25 preferences preference NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 25 26 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 26 1 We -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 26 2 find find VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 26 3 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 26 4 although although IN work_n27ihsbkpjfo3ankjp6zxbhpsi 26 5 most most JJS work_n27ihsbkpjfo3ankjp6zxbhpsi 26 6 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 26 7 display display VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 26 8 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 26 9 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 26 10 averse averse JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 26 11 preferences preference NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 26 12 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 26 13 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 26 14 extent extent NN work_n27ihsbkpjfo3ankjp6zxbhpsi 26 15 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 26 16 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 26 17 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 26 18 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 26 19 implied imply VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 26 20 by by IN work_n27ihsbkpjfo3ankjp6zxbhpsi 26 21 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 26 22 estimates estimate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 26 23 varies vary VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 26 24 substantially substantially RB work_n27ihsbkpjfo3ankjp6zxbhpsi 26 25 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 26 26 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 26 27 stakes stake NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 26 28 involved involve VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 26 29 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 26 30 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 26 31 different different JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 26 32 decisions decision NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 26 33 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 27 1 I. I. NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 28 1 Introduction introduction NN work_n27ihsbkpjfo3ankjp6zxbhpsi 28 2 A a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 28 3 series series NN work_n27ihsbkpjfo3ankjp6zxbhpsi 28 4 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 28 5 recent recent JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 28 6 studies study NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 28 7 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 28 8 Rabin Rabin NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 28 9 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 28 10 2000a 2000a CD work_n27ihsbkpjfo3ankjp6zxbhpsi 28 11 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 28 12 2000b 2000b CD work_n27ihsbkpjfo3ankjp6zxbhpsi 28 13 ; ; : work_n27ihsbkpjfo3ankjp6zxbhpsi 28 14 Rabinand Rabinand NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 28 15 Thaler Thaler NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 28 16 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 28 17 2001 2001 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 28 18 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 28 19 have have VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 28 20 pointed point VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 28 21 out out RP work_n27ihsbkpjfo3ankjp6zxbhpsi 28 22 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 28 23 inadequacy inadequacy NN work_n27ihsbkpjfo3ankjp6zxbhpsi 28 24 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 28 25 expected expect VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 28 26 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 28 27 utility utility NN work_n27ihsbkpjfo3ankjp6zxbhpsi 28 28 theory theory NN work_n27ihsbkpjfo3ankjp6zxbhpsi 28 29 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 28 30 provide provide VB work_n27ihsbkpjfo3ankjp6zxbhpsi 28 31 proper proper JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 28 32 characterization characterization NN work_n27ihsbkpjfo3ankjp6zxbhpsi 28 33 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 28 34 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 28 35 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 28 36 when when WRB work_n27ihsbkpjfo3ankjp6zxbhpsi 28 37 monetary monetary JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 28 38 stakes stake NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 28 39 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 28 40 small small JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 28 41 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 29 1 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 29 2 basic basic JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 29 3 contention contention NN work_n27ihsbkpjfo3ankjp6zxbhpsi 29 4 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 29 5 this this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 29 6 criticism criticism NN work_n27ihsbkpjfo3ankjp6zxbhpsi 29 7 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 29 8 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 29 9 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 29 10 concavity concavity NN work_n27ihsbkpjfo3ankjp6zxbhpsi 29 11 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 29 12 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 29 13 utility utility NN work_n27ihsbkpjfo3ankjp6zxbhpsi 29 14 function function NN work_n27ihsbkpjfo3ankjp6zxbhpsi 29 15 would would MD work_n27ihsbkpjfo3ankjp6zxbhpsi 29 16 have have VB work_n27ihsbkpjfo3ankjp6zxbhpsi 29 17 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 29 18 be be VB work_n27ihsbkpjfo3ankjp6zxbhpsi 29 19 so so RB work_n27ihsbkpjfo3ankjp6zxbhpsi 29 20 pronounced pronounce VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 29 21 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 29 22 explain explain VB work_n27ihsbkpjfo3ankjp6zxbhpsi 29 23 small- small- JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 29 24 stake stake NN work_n27ihsbkpjfo3ankjp6zxbhpsi 29 25 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 29 26 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 29 27 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 29 28 this this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 29 29 same same JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 29 30 utility utility NN work_n27ihsbkpjfo3ankjp6zxbhpsi 29 31 function function NN work_n27ihsbkpjfo3ankjp6zxbhpsi 29 32 would would MD work_n27ihsbkpjfo3ankjp6zxbhpsi 29 33 imply imply VB work_n27ihsbkpjfo3ankjp6zxbhpsi 29 34 absurd absurd JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 29 35 levels level NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 29 36 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 29 37 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 29 38 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 29 39 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 29 40 large large JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 29 41 stakes stake NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 29 42 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 30 1 Rabin Rabin NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 30 2 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 30 3 2000b 2000b CD work_n27ihsbkpjfo3ankjp6zxbhpsi 30 4 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 30 5 concludes conclude VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 30 6 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 30 7 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 30 8 Expected expect VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 30 9 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 30 10 utility utility NN work_n27ihsbkpjfo3ankjp6zxbhpsi 30 11 theory theory NN work_n27ihsbkpjfo3ankjp6zxbhpsi 30 12 seems seem VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 30 13 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 30 14 be be VB work_n27ihsbkpjfo3ankjp6zxbhpsi 30 15 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 30 16 useful useful JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 30 17 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 30 18 adequate adequate JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 30 19 model model NN work_n27ihsbkpjfo3ankjp6zxbhpsi 30 20 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 30 21 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 30 22 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 30 23 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 30 24 many many JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 30 25 purposes purpose NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 30 26 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 30 27 such such JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 30 28 as as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 30 29 understanding understand VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 30 30 large large JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 30 31 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 30 32 stakes stake NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 30 33 insur- insur- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 30 34 ance ance NN work_n27ihsbkpjfo3ankjp6zxbhpsi 30 35 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 31 1 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 32 1 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 33 1 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 33 2 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 33 3 but but CC work_n27ihsbkpjfo3ankjp6zxbhpsi 33 4 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 33 5 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 33 6 manifestly manifestly RB work_n27ihsbkpjfo3ankjp6zxbhpsi 33 7 not not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 33 8 close close JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 33 9 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 33 10 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 33 11 right right NN work_n27ihsbkpjfo3ankjp6zxbhpsi 33 12 expla- expla- JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 33 13 nation nation NN work_n27ihsbkpjfo3ankjp6zxbhpsi 33 14 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 33 15 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 33 16 attitudes attitude NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 33 17 over over IN work_n27ihsbkpjfo3ankjp6zxbhpsi 33 18 modest modest JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 33 19 stakes stake NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 33 20 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 34 1 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 35 1 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 36 1 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 36 2 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 36 3 A a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 36 4 number number NN work_n27ihsbkpjfo3ankjp6zxbhpsi 36 5 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 36 6 studies study NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 36 7 have have VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 36 8 attempted attempt VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 36 9 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 36 10 characterize characterize VB work_n27ihsbkpjfo3ankjp6zxbhpsi 36 11 indi- indi- NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 36 12 vidual vidual JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 36 13 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 36 14 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 36 15 under under IN work_n27ihsbkpjfo3ankjp6zxbhpsi 36 16 large large JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 36 17 stakes stake NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 36 18 using use VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 36 19 expected- expected- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 36 20 utility utility NN work_n27ihsbkpjfo3ankjp6zxbhpsi 36 21 theory theory NN work_n27ihsbkpjfo3ankjp6zxbhpsi 36 22 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 37 1 Experiments experiment NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 37 2 by by IN work_n27ihsbkpjfo3ankjp6zxbhpsi 37 3 Binswanger Binswanger NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 37 4 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 37 5 1981 1981 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 37 6 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 37 7 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 37 8 Kachelmeier Kachelmeier NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 37 9 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 37 10 Shehata Shehata NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 37 11 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 37 12 1992 1992 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 37 13 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 37 14 face face NN work_n27ihsbkpjfo3ankjp6zxbhpsi 37 15 subjects subject NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 37 16 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 37 17 deci- deci- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 37 18 sions sion NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 37 19 involving involve VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 37 20 small small JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 37 21 nominal nominal JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 37 22 stakes stake NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 37 23 that that WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 37 24 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 37 25 large large JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 37 26 relative relative JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 37 27 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 37 28 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 37 29 subjects subject NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 37 30 ’ ’ POS work_n27ihsbkpjfo3ankjp6zxbhpsi 37 31 wealth wealth NN work_n27ihsbkpjfo3ankjp6zxbhpsi 37 32 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 38 1 Their -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 38 2 findings finding NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 38 3 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 38 4 mixed mixed JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 38 5 : : : work_n27ihsbkpjfo3ankjp6zxbhpsi 38 6 whereas whereas IN work_n27ihsbkpjfo3ankjp6zxbhpsi 38 7 Binswanger Binswanger NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 38 8 ’s ’s NN work_n27ihsbkpjfo3ankjp6zxbhpsi 38 9 subjects subject NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 38 10 exhibit exhibit VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 38 11 more more JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 38 12 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 38 13 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 38 14 averse averse JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 38 15 behavior behavior NN work_n27ihsbkpjfo3ankjp6zxbhpsi 38 16 as as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 38 17 stakes stake NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 38 18 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 38 19 increased increase VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 38 20 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 38 21 Kachelmeier Kachelmeier NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 38 22 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 38 23 Shehata Shehata NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 38 24 conclude conclude VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 38 25 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 38 26 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 38 27 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 38 28 effects effect NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 38 29 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 38 30 monetary monetary JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 38 31 payoffs payoff NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 38 32 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 38 33 real real JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 38 34 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 38 35 albeit albeit IN work_n27ihsbkpjfo3ankjp6zxbhpsi 38 36 subtle subtle JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 38 37 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 38 38 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 38 39 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 38 40 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 38 41 need need NN work_n27ihsbkpjfo3ankjp6zxbhpsi 38 42 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 38 43 further further JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 38 44 study study NN work_n27ihsbkpjfo3ankjp6zxbhpsi 38 45 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 38 46 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 38 47 Unfortunately unfortunately RB work_n27ihsbkpjfo3ankjp6zxbhpsi 38 48 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 38 49 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 38 50 inherent inherent JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 38 51 limitations limitation NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 38 52 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 38 53 rewards reward NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 38 54 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 38 55 experimental experimental JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 38 56 studies study NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 38 57 make make VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 38 58 it -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 38 59 dif- dif- RB work_n27ihsbkpjfo3ankjp6zxbhpsi 38 60 ficult ficult NN work_n27ihsbkpjfo3ankjp6zxbhpsi 38 61 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 38 62 get get VB work_n27ihsbkpjfo3ankjp6zxbhpsi 38 63 more more RBR work_n27ihsbkpjfo3ankjp6zxbhpsi 38 64 robust robust JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 38 65 conclusions conclusion NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 38 66 about about IN work_n27ihsbkpjfo3ankjp6zxbhpsi 38 67 risktaking risktake VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 38 68 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 38 69 large large JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 38 70 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 38 71 stakes stake NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 38 72 settings setting NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 38 73 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 39 1 A a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 39 2 second second JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 39 3 group group NN work_n27ihsbkpjfo3ankjp6zxbhpsi 39 4 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 39 5 papers paper NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 39 6 analyzes analyze VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 39 7 risktaking risktake VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 39 8 behavior behavior NN work_n27ihsbkpjfo3ankjp6zxbhpsi 39 9 using use VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 39 10 information information NN work_n27ihsbkpjfo3ankjp6zxbhpsi 39 11 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 39 12 natural natural JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 39 13 experiments experiment NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 39 14 involving involve VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 39 15 large large JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 39 16 Received receive VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 39 17 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 39 18 publication publication NN work_n27ihsbkpjfo3ankjp6zxbhpsi 39 19 June June NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 39 20 21 21 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 39 21 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 39 22 1999 1999 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 39 23 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 40 1 Revision revision NN work_n27ihsbkpjfo3ankjp6zxbhpsi 40 2 accepted accept VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 40 3 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 40 4 publica- publica- JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 40 5 tion tion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 40 6 January January NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 40 7 7 7 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 40 8 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 40 9 2002 2002 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 40 10 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 41 1 * * NFP work_n27ihsbkpjfo3ankjp6zxbhpsi 41 2 Duke Duke NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 41 3 University University NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 41 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 41 5 DePaul DePaul NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 41 6 University University NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 41 7 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 41 8 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 41 9 University University NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 41 10 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 41 11 Notre Notre NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 41 12 Dame Dame NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 41 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 41 14 respectively respectively RB work_n27ihsbkpjfo3ankjp6zxbhpsi 41 15 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 42 1 We -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 42 2 thank thank VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 42 3 Gabriella Gabriella NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 42 4 Bucci Bucci NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 42 5 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 42 6 Larry Larry NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 42 7 Samuelson Samuelson NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 42 8 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 42 9 Richard Richard NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 42 10 Sheehan Sheehan NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 42 11 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 42 12 various various JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 42 13 workshop workshop NN work_n27ihsbkpjfo3ankjp6zxbhpsi 42 14 participants participant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 42 15 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 42 16 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 42 17 two two CD work_n27ihsbkpjfo3ankjp6zxbhpsi 42 18 anonymous anonymous JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 42 19 referees referee NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 42 20 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 42 21 numerous numerous JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 42 22 com- com- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 42 23 ments ment NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 42 24 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 43 1 Part part NN work_n27ihsbkpjfo3ankjp6zxbhpsi 43 2 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 43 3 this this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 43 4 project project NN work_n27ihsbkpjfo3ankjp6zxbhpsi 43 5 was be VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 43 6 completed complete VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 43 7 while while IN work_n27ihsbkpjfo3ankjp6zxbhpsi 43 8 Tenorio Tenorio NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 43 9 visited visit VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 43 10 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 43 11 Management Management NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 43 12 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 43 13 Strategy Strategy NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 43 14 Department Department NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 43 15 at at IN work_n27ihsbkpjfo3ankjp6zxbhpsi 43 16 Northwestern Northwestern NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 43 17 University University NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 43 18 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 44 1 He -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 44 2 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 44 3 thankful thankful JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 44 4 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 44 5 their -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 44 6 hospitality hospitality NN work_n27ihsbkpjfo3ankjp6zxbhpsi 44 7 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 45 1 Trish Trish NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 45 2 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 45 3 Marcos Marcos NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 45 4 Delgado Delgado NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 45 5 provided provide VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 45 6 superb superb JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 45 7 research research NN work_n27ihsbkpjfo3ankjp6zxbhpsi 45 8 assistance assistance NN work_n27ihsbkpjfo3ankjp6zxbhpsi 45 9 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 46 1 All all DT work_n27ihsbkpjfo3ankjp6zxbhpsi 46 2 errors error NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 46 3 or or CC work_n27ihsbkpjfo3ankjp6zxbhpsi 46 4 omissions omission NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 46 5 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 46 6 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 46 7 authors author NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 46 8 ’ ' '' work_n27ihsbkpjfo3ankjp6zxbhpsi 46 9 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 47 1 THE the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 47 2 REVIEW REVIEW NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 47 3 OF of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 47 4 ECONOMICS ECONOMICS NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 47 5 AND and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 47 6 STATISTICS218 STATISTICS218 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 47 7 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 47 8 Review Review NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 47 9 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 47 10 Economics Economics NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 47 11 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 47 12 Statistics Statistics NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 47 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 47 14 February February NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 47 15 2003 2003 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 47 16 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 47 17 85(1 85(1 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 47 18 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 47 19 : : : work_n27ihsbkpjfo3ankjp6zxbhpsi 47 20 218–225 218–225 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 47 21 © © CD work_n27ihsbkpjfo3ankjp6zxbhpsi 47 22 2003 2003 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 47 23 by by IN work_n27ihsbkpjfo3ankjp6zxbhpsi 47 24 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 47 25 President President NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 47 26 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 47 27 Fellows Fellows NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 47 28 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 47 29 Harvard Harvard NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 47 30 College College NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 47 31 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 47 32 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 47 33 Massachusetts Massachusetts NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 47 34 Institute Institute NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 47 35 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 47 36 Technology Technology NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 47 37 stakes stake VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 47 38 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 48 1 Gertner Gertner NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 48 2 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 48 3 1993 1993 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 48 4 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 48 5 uses use VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 48 6 betting betting NN work_n27ihsbkpjfo3ankjp6zxbhpsi 48 7 decisions decision NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 48 8 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 48 9 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 48 10 bonus bonus NN work_n27ihsbkpjfo3ankjp6zxbhpsi 48 11 round round NN work_n27ihsbkpjfo3ankjp6zxbhpsi 48 12 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 48 13 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 48 14 television television NN work_n27ihsbkpjfo3ankjp6zxbhpsi 48 15 game game NN work_n27ihsbkpjfo3ankjp6zxbhpsi 48 16 show show NN work_n27ihsbkpjfo3ankjp6zxbhpsi 48 17 Card Card NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 48 18 Sharks Sharks NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 48 19 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 48 20 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 48 21 con- con- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 48 22 cludes clude VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 48 23 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 48 24 individuals individual NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 48 25 exhibit exhibit VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 48 26 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 48 27 small small JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 48 28 degree degree NN work_n27ihsbkpjfo3ankjp6zxbhpsi 48 29 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 48 30 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 48 31 aver- aver- JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 48 32 sion sion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 48 33 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 49 1 Metrick Metrick NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 49 2 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 49 3 1995 1995 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 49 4 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 49 5 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 49 6 Hersch Hersch NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 49 7 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 49 8 McDougall McDougall NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 49 9 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 49 10 1997 1997 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 49 11 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 49 12 analyze analyze VB work_n27ihsbkpjfo3ankjp6zxbhpsi 49 13 field field NN work_n27ihsbkpjfo3ankjp6zxbhpsi 49 14 data datum NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 49 15 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 49 16 wagering wagering NN work_n27ihsbkpjfo3ankjp6zxbhpsi 49 17 decisions decision NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 49 18 on on IN work_n27ihsbkpjfo3ankjp6zxbhpsi 49 19 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 49 20 television television NN work_n27ihsbkpjfo3ankjp6zxbhpsi 49 21 game game NN work_n27ihsbkpjfo3ankjp6zxbhpsi 49 22 shows show VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 49 23 Final Final NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 49 24 Jeopardy Jeopardy NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 49 25 ! ! . work_n27ihsbkpjfo3ankjp6zxbhpsi 50 1 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 50 2 Illinois Illinois NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 50 3 Instant Instant NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 50 4 Riches Riches NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 50 5 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 50 6 respectively respectively RB work_n27ihsbkpjfo3ankjp6zxbhpsi 50 7 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 50 8 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 50 9 find find VB work_n27ihsbkpjfo3ankjp6zxbhpsi 50 10 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 50 11 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 50 12 display display VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 50 13 behavior behavior NN work_n27ihsbkpjfo3ankjp6zxbhpsi 50 14 that that WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 50 15 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 50 16 statistically statistically RB work_n27ihsbkpjfo3ankjp6zxbhpsi 50 17 indistinguishable indistinguishable JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 50 18 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 50 19 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 50 20 neutrality neutrality NN work_n27ihsbkpjfo3ankjp6zxbhpsi 50 21 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 51 1 In in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 51 2 con- con- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 51 3 trast trast NN work_n27ihsbkpjfo3ankjp6zxbhpsi 51 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 51 5 Beetsma Beetsma NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 51 6 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 51 7 Schotman Schotman NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 51 8 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 51 9 2001 2001 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 51 10 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 51 11 conclude conclude VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 51 12 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 51 13 contes- contes- JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 51 14 tants tant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 51 15 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 51 16 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 51 17 Dutch dutch JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 51 18 television television NN work_n27ihsbkpjfo3ankjp6zxbhpsi 51 19 show show VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 51 20 LINGO LINGO NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 51 21 exhibit exhibit NN work_n27ihsbkpjfo3ankjp6zxbhpsi 51 22 substan- substan- NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 51 23 tial tial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 51 24 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 51 25 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 51 26 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 52 1 In in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 52 2 this this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 52 3 paper paper NN work_n27ihsbkpjfo3ankjp6zxbhpsi 52 4 we -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 52 5 use use VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 52 6 information information NN work_n27ihsbkpjfo3ankjp6zxbhpsi 52 7 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 52 8 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 52 9 television television NN work_n27ihsbkpjfo3ankjp6zxbhpsi 52 10 show show NN work_n27ihsbkpjfo3ankjp6zxbhpsi 52 11 Hoosier Hoosier NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 52 12 Millionaire Millionaire NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 52 13 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 52 14 gain gain VB work_n27ihsbkpjfo3ankjp6zxbhpsi 52 15 additional additional JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 52 16 insight insight NN work_n27ihsbkpjfo3ankjp6zxbhpsi 52 17 into into IN work_n27ihsbkpjfo3ankjp6zxbhpsi 52 18 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 52 19 be- be- JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 52 20 havior havior NN work_n27ihsbkpjfo3ankjp6zxbhpsi 52 21 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 52 22 individuals individual NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 52 23 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 52 24 high high JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 52 25 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 52 26 stakes stake NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 52 27 situations situation NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 52 28 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 53 1 Although although IN work_n27ihsbkpjfo3ankjp6zxbhpsi 53 2 this this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 53 3 show show NN work_n27ihsbkpjfo3ankjp6zxbhpsi 53 4 has have VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 53 5 undergone undergo VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 53 6 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 53 7 number number NN work_n27ihsbkpjfo3ankjp6zxbhpsi 53 8 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 53 9 regime regime NN work_n27ihsbkpjfo3ankjp6zxbhpsi 53 10 changes change NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 53 11 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 53 12 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 53 13 current current JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 53 14 regime regime NN work_n27ihsbkpjfo3ankjp6zxbhpsi 53 15 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 53 16 representative representative JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 53 17 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 53 18 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 53 19 typical typical JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 53 20 decision decision NN work_n27ihsbkpjfo3ankjp6zxbhpsi 53 21 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 53 22 contestant contestant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 53 23 faces face VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 53 24 : : : work_n27ihsbkpjfo3ankjp6zxbhpsi 53 25 she -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 53 26 may may MD work_n27ihsbkpjfo3ankjp6zxbhpsi 53 27 either either CC work_n27ihsbkpjfo3ankjp6zxbhpsi 53 28 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 53 29 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 53 30 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 53 31 take take VB work_n27ihsbkpjfo3ankjp6zxbhpsi 53 32 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 53 33 sure sure JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 53 34 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 53 35 100,000 100,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 53 36 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 53 37 or or CC work_n27ihsbkpjfo3ankjp6zxbhpsi 53 38 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 53 39 b b NN work_n27ihsbkpjfo3ankjp6zxbhpsi 53 40 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 53 41 play play VB work_n27ihsbkpjfo3ankjp6zxbhpsi 53 42 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 53 43 game game NN work_n27ihsbkpjfo3ankjp6zxbhpsi 53 44 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 53 45 which which WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 53 46 she -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 53 47 gets get VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 53 48 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 53 49 150,000 150,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 53 50 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 53 51 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 53 52 200,000 200,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 53 53 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 53 54 1,000,000 1,000,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 53 55 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 53 56 or or CC work_n27ihsbkpjfo3ankjp6zxbhpsi 53 57 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 53 58 0 0 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 53 59 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 53 60 each each DT work_n27ihsbkpjfo3ankjp6zxbhpsi 53 61 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 53 62 equal equal JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 53 63 probability probability NN work_n27ihsbkpjfo3ankjp6zxbhpsi 53 64 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 54 1 If if IN work_n27ihsbkpjfo3ankjp6zxbhpsi 54 2 she -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 54 3 draws draw VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 54 4 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 54 5 150,000 150,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 54 6 or or CC work_n27ihsbkpjfo3ankjp6zxbhpsi 54 7 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 54 8 200,000 200,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 54 9 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 54 10 she -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 54 11 may may MD work_n27ihsbkpjfo3ankjp6zxbhpsi 54 12 stop stop VB work_n27ihsbkpjfo3ankjp6zxbhpsi 54 13 playing play VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 54 14 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 54 15 keep keep VB work_n27ihsbkpjfo3ankjp6zxbhpsi 54 16 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 54 17 prize prize NN work_n27ihsbkpjfo3ankjp6zxbhpsi 54 18 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 54 19 or or CC work_n27ihsbkpjfo3ankjp6zxbhpsi 54 20 continue continue VB work_n27ihsbkpjfo3ankjp6zxbhpsi 54 21 drawing draw VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 54 22 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 54 23 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 54 24 remaining remain VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 54 25 alternatives alternative NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 54 26 until until IN work_n27ihsbkpjfo3ankjp6zxbhpsi 54 27 she -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 54 28 either either CC work_n27ihsbkpjfo3ankjp6zxbhpsi 54 29 decides decide VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 54 30 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 54 31 stop stop VB work_n27ihsbkpjfo3ankjp6zxbhpsi 54 32 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 54 33 or or CC work_n27ihsbkpjfo3ankjp6zxbhpsi 54 34 draws draw VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 54 35 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 54 36 0 0 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 54 37 or or CC work_n27ihsbkpjfo3ankjp6zxbhpsi 54 38 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 54 39 1,000,000 1,000,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 54 40 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 55 1 Prizes prize NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 55 2 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 55 3 not not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 55 4 cumulative cumulative JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 55 5 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 56 1 We -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 56 2 believe believe VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 56 3 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 56 4 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 56 5 various various JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 56 6 reasons reason NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 56 7 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 56 8 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 56 9 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 56 10 structure structure NN work_n27ihsbkpjfo3ankjp6zxbhpsi 56 11 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 56 12 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 56 13 decision decision NN work_n27ihsbkpjfo3ankjp6zxbhpsi 56 14 problems problem NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 56 15 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 56 16 Hoosier Hoosier NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 56 17 Millionaire Millionaire NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 56 18 provides provide VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 56 19 us -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 56 20 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 56 21 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 56 22 very very RB work_n27ihsbkpjfo3ankjp6zxbhpsi 56 23 appealing appealing JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 56 24 natural natural JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 56 25 experiment experiment NN work_n27ihsbkpjfo3ankjp6zxbhpsi 56 26 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 56 27 study study VB work_n27ihsbkpjfo3ankjp6zxbhpsi 56 28 individual individual JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 56 29 decisions decision NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 56 30 under under IN work_n27ihsbkpjfo3ankjp6zxbhpsi 56 31 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 56 32 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 57 1 First first RB work_n27ihsbkpjfo3ankjp6zxbhpsi 57 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 57 3 unlike unlike IN work_n27ihsbkpjfo3ankjp6zxbhpsi 57 4 previous previous JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 57 5 game game NN work_n27ihsbkpjfo3ankjp6zxbhpsi 57 6 studies study NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 57 7 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 57 8 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 57 9 realization realization NN work_n27ihsbkpjfo3ankjp6zxbhpsi 57 10 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 57 11 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 57 12 risky risky JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 57 13 prospect prospect NN work_n27ihsbkpjfo3ankjp6zxbhpsi 57 14 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 57 15 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 57 16 outcome outcome NN work_n27ihsbkpjfo3ankjp6zxbhpsi 57 17 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 57 18 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 57 19 very very RB work_n27ihsbkpjfo3ankjp6zxbhpsi 57 20 simple simple JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 57 21 probability probability NN work_n27ihsbkpjfo3ankjp6zxbhpsi 57 22 process process NN work_n27ihsbkpjfo3ankjp6zxbhpsi 57 23 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 57 24 where where WRB work_n27ihsbkpjfo3ankjp6zxbhpsi 57 25 no no DT work_n27ihsbkpjfo3ankjp6zxbhpsi 57 26 subjectivity subjectivity NN work_n27ihsbkpjfo3ankjp6zxbhpsi 57 27 or or CC work_n27ihsbkpjfo3ankjp6zxbhpsi 57 28 skills skill NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 57 29 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 57 30 involved.1 involved.1 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 57 31 Second Second NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 57 32 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 57 33 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 57 34 stakes stake NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 57 35 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 57 36 larger large JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 57 37 than than IN work_n27ihsbkpjfo3ankjp6zxbhpsi 57 38 those those DT work_n27ihsbkpjfo3ankjp6zxbhpsi 57 39 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 57 40 previous previous JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 57 41 studies study NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 57 42 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 57 43 thus thus RB work_n27ihsbkpjfo3ankjp6zxbhpsi 57 44 allowing allow VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 57 45 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 57 46 more more RBR work_n27ihsbkpjfo3ankjp6zxbhpsi 57 47 proper proper JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 57 48 characteriza- characteriza- JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 57 49 tion tion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 57 50 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 57 51 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 57 52 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 57 53 using use VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 57 54 expected expect VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 57 55 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 57 56 utility utility NN work_n27ihsbkpjfo3ankjp6zxbhpsi 57 57 theory theory NN work_n27ihsbkpjfo3ankjp6zxbhpsi 57 58 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 58 1 Finally finally RB work_n27ihsbkpjfo3ankjp6zxbhpsi 58 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 58 3 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 58 4 data datum NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 58 5 comprise comprise VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 58 6 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 58 7 time time NN work_n27ihsbkpjfo3ankjp6zxbhpsi 58 8 series series NN work_n27ihsbkpjfo3ankjp6zxbhpsi 58 9 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 58 10 games game NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 58 11 involving involve VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 58 12 several several JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 58 13 regime regime NN work_n27ihsbkpjfo3ankjp6zxbhpsi 58 14 changes change NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 58 15 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 58 16 which which WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 58 17 allows allow VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 58 18 us -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 58 19 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 58 20 study study VB work_n27ihsbkpjfo3ankjp6zxbhpsi 58 21 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 58 22 sensitivity sensitivity NN work_n27ihsbkpjfo3ankjp6zxbhpsi 58 23 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 58 24 individual individual JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 58 25 behavior behavior NN work_n27ihsbkpjfo3ankjp6zxbhpsi 58 26 across across IN work_n27ihsbkpjfo3ankjp6zxbhpsi 58 27 various various JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 58 28 gambles gamble NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 58 29 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 59 1 Our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 59 2 approach approach NN work_n27ihsbkpjfo3ankjp6zxbhpsi 59 3 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 59 4 analyzing analyze VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 59 5 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 59 6 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 59 7 differs differ VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 59 8 signifi- signifi- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 59 9 cantly cantly RB work_n27ihsbkpjfo3ankjp6zxbhpsi 59 10 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 59 11 previous previous JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 59 12 game game NN work_n27ihsbkpjfo3ankjp6zxbhpsi 59 13 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 59 14 based base VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 59 15 studies study NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 59 16 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 60 1 Exogenous exogenous JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 60 2 wa- wa- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 60 3 gers ger NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 60 4 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 60 5 lack lack NN work_n27ihsbkpjfo3ankjp6zxbhpsi 60 6 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 60 7 variation variation NN work_n27ihsbkpjfo3ankjp6zxbhpsi 60 8 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 60 9 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 60 10 gambles gamble NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 60 11 prevent prevent VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 60 12 us -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 60 13 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 60 14 estimating estimate VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 60 15 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 60 16 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 60 17 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 60 18 parameters parameter NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 60 19 using use VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 60 20 regression regression NN work_n27ihsbkpjfo3ankjp6zxbhpsi 60 21 tech- tech- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 60 22 niques nique NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 60 23 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 61 1 Instead instead RB work_n27ihsbkpjfo3ankjp6zxbhpsi 61 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 61 3 we -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 61 4 use use VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 61 5 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 61 6 sample sample NN work_n27ihsbkpjfo3ankjp6zxbhpsi 61 7 properties property NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 61 8 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 61 9 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 61 10 deci- deci- XX work_n27ihsbkpjfo3ankjp6zxbhpsi 61 11 sions sion NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 61 12 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 61 13 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 61 14 different different JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 61 15 regimes regime NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 61 16 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 61 17 Hoosier Hoosier NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 61 18 Millionaire Millionaire NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 61 19 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 61 20 estimate estimate VB work_n27ihsbkpjfo3ankjp6zxbhpsi 61 21 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 61 22 parameters parameter NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 61 23 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 61 24 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 61 25 distribution distribution NN work_n27ihsbkpjfo3ankjp6zxbhpsi 61 26 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 61 27 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 61 28 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 61 29 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 61 30 coefficients coefficient NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 61 31 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 61 32 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 61 33 contestant contestant JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 61 34 population population NN work_n27ihsbkpjfo3ankjp6zxbhpsi 61 35 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 62 1 In in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 62 2 addition addition NN work_n27ihsbkpjfo3ankjp6zxbhpsi 62 3 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 62 4 unlike unlike IN work_n27ihsbkpjfo3ankjp6zxbhpsi 62 5 previous previous JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 62 6 studies study NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 62 7 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 62 8 we -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 62 9 explicitly explicitly RB work_n27ihsbkpjfo3ankjp6zxbhpsi 62 10 allow allow VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 62 11 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 62 12 various various JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 62 13 degrees degree NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 62 14 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 62 15 contestant contestant JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 62 16 rationality rationality NN work_n27ihsbkpjfo3ankjp6zxbhpsi 62 17 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 62 18 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 62 19 estimation estimation NN work_n27ihsbkpjfo3ankjp6zxbhpsi 62 20 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 63 1 Our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 63 2 results result NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 63 3 show show VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 63 4 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 63 5 most most JJS work_n27ihsbkpjfo3ankjp6zxbhpsi 63 6 individuals individual NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 63 7 behave behave VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 63 8 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 63 9 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 63 10 way way NN work_n27ihsbkpjfo3ankjp6zxbhpsi 63 11 consistent consistent JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 63 12 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 63 13 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 63 14 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 63 15 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 63 16 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 63 17 as as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 63 18 noted note VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 63 19 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 63 20 recent recent JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 63 21 studies study NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 63 22 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 63 23 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 63 24 implied imply VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 63 25 degree degree NN work_n27ihsbkpjfo3ankjp6zxbhpsi 63 26 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 63 27 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 63 28 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 63 29 varies vary VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 63 30 largely largely RB work_n27ihsbkpjfo3ankjp6zxbhpsi 63 31 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 63 32 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 63 33 stakes stake NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 63 34 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 63 35 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 63 36 decision decision NN work_n27ihsbkpjfo3ankjp6zxbhpsi 63 37 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 64 1 In in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 64 2 fact fact NN work_n27ihsbkpjfo3ankjp6zxbhpsi 64 3 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 64 4 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 64 5 estimates estimate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 64 6 imply imply VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 64 7 substan- substan- XX work_n27ihsbkpjfo3ankjp6zxbhpsi 64 8 tial tial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 64 9 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 64 10 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 64 11 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 64 12 gambles gamble NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 64 13 comparable comparable JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 64 14 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 64 15 those those DT work_n27ihsbkpjfo3ankjp6zxbhpsi 64 16 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 64 17 Hoo- Hoo- NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 64 18 sier si JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 64 19 Millionaire Millionaire NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 64 20 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 64 21 while while IN work_n27ihsbkpjfo3ankjp6zxbhpsi 64 22 also also RB work_n27ihsbkpjfo3ankjp6zxbhpsi 64 23 implying imply VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 64 24 near near JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 64 25 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 64 26 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 64 27 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 64 28 neutrality neutrality NN work_n27ihsbkpjfo3ankjp6zxbhpsi 64 29 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 64 30 smaller small JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 64 31 gambles gamble NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 64 32 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 64 33 similar similar JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 64 34 structure structure NN work_n27ihsbkpjfo3ankjp6zxbhpsi 64 35 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 65 1 We -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 65 2 also also RB work_n27ihsbkpjfo3ankjp6zxbhpsi 65 3 show show VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 65 4 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 65 5 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 65 6 effect effect NN work_n27ihsbkpjfo3ankjp6zxbhpsi 65 7 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 65 8 different different JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 65 9 behavioral behavioral JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 65 10 traits trait NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 65 11 on on IN work_n27ihsbkpjfo3ankjp6zxbhpsi 65 12 decisions decision NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 65 13 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 65 14 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 65 15 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 65 16 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 65 17 only only RB work_n27ihsbkpjfo3ankjp6zxbhpsi 65 18 evident evident JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 65 19 under under IN work_n27ihsbkpjfo3ankjp6zxbhpsi 65 20 large large JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 65 21 stakes stake NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 65 22 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 66 1 II ii CD work_n27ihsbkpjfo3ankjp6zxbhpsi 66 2 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 67 1 A a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 67 2 Brief brief JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 67 3 History history NN work_n27ihsbkpjfo3ankjp6zxbhpsi 67 4 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 67 5 Hoosier Hoosier NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 67 6 Millionaire Millionaire NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 67 7 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 67 8 Hoosier Hoosier NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 67 9 Lottery Lottery NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 67 10 ’s ’s POS work_n27ihsbkpjfo3ankjp6zxbhpsi 67 11 weekly weekly JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 67 12 television television NN work_n27ihsbkpjfo3ankjp6zxbhpsi 67 13 show show NN work_n27ihsbkpjfo3ankjp6zxbhpsi 67 14 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 67 15 Hoosier Hoosier NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 67 16 Millionaire Millionaire NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 67 17 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 67 18 first first RB work_n27ihsbkpjfo3ankjp6zxbhpsi 67 19 aired air VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 67 20 on on IN work_n27ihsbkpjfo3ankjp6zxbhpsi 67 21 October October NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 67 22 28 28 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 67 23 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 67 24 1989 1989 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 67 25 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 68 1 Since since IN work_n27ihsbkpjfo3ankjp6zxbhpsi 68 2 its -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 68 3 inception inception NN work_n27ihsbkpjfo3ankjp6zxbhpsi 68 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 68 5 each each DT work_n27ihsbkpjfo3ankjp6zxbhpsi 68 6 show show NN work_n27ihsbkpjfo3ankjp6zxbhpsi 68 7 has have VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 68 8 involved involve VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 68 9 six six CD work_n27ihsbkpjfo3ankjp6zxbhpsi 68 10 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 68 11 chosen choose VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 68 12 randomly randomly RB work_n27ihsbkpjfo3ankjp6zxbhpsi 68 13 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 68 14 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 68 15 pool pool NN work_n27ihsbkpjfo3ankjp6zxbhpsi 68 16 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 68 17 entries entry NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 68 18 submitted submit VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 68 19 by by IN work_n27ihsbkpjfo3ankjp6zxbhpsi 68 20 people people NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 68 21 playing play VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 68 22 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 68 23 scratch scratch NN work_n27ihsbkpjfo3ankjp6zxbhpsi 68 24 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 68 25 off off RP work_n27ihsbkpjfo3ankjp6zxbhpsi 68 26 ticket ticket NN work_n27ihsbkpjfo3ankjp6zxbhpsi 68 27 game game NN work_n27ihsbkpjfo3ankjp6zxbhpsi 68 28 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 69 1 All all DT work_n27ihsbkpjfo3ankjp6zxbhpsi 69 2 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 69 3 participate participate VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 69 4 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 69 5 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 69 6 first first JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 69 7 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 69 8 two two CD work_n27ihsbkpjfo3ankjp6zxbhpsi 69 9 phases phase NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 69 10 played play VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 69 11 on on IN work_n27ihsbkpjfo3ankjp6zxbhpsi 69 12 each each DT work_n27ihsbkpjfo3ankjp6zxbhpsi 69 13 show show NN work_n27ihsbkpjfo3ankjp6zxbhpsi 69 14 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 70 1 In in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 70 2 phase phase NN work_n27ihsbkpjfo3ankjp6zxbhpsi 70 3 I I NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 70 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 70 5 all all DT work_n27ihsbkpjfo3ankjp6zxbhpsi 70 6 six six CD work_n27ihsbkpjfo3ankjp6zxbhpsi 70 7 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 70 8 play play VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 70 9 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 70 10 series series NN work_n27ihsbkpjfo3ankjp6zxbhpsi 70 11 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 70 12 purely purely RB work_n27ihsbkpjfo3ankjp6zxbhpsi 70 13 random random JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 70 14 draw draw NN work_n27ihsbkpjfo3ankjp6zxbhpsi 70 15 games game NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 70 16 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 71 1 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 71 2 contestant contestant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 71 3 who who WP work_n27ihsbkpjfo3ankjp6zxbhpsi 71 4 amasses amass VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 71 5 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 71 6 most most JJS work_n27ihsbkpjfo3ankjp6zxbhpsi 71 7 cash cash NN work_n27ihsbkpjfo3ankjp6zxbhpsi 71 8 wins win NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 71 9 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 71 10 proceeds proceed VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 71 11 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 71 12 phase phase VB work_n27ihsbkpjfo3ankjp6zxbhpsi 71 13 II II NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 71 14 ; ; : work_n27ihsbkpjfo3ankjp6zxbhpsi 71 15 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 71 16 remaining remain VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 71 17 five five CD work_n27ihsbkpjfo3ankjp6zxbhpsi 71 18 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 71 19 leave leave VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 71 20 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 71 21 show show NN work_n27ihsbkpjfo3ankjp6zxbhpsi 71 22 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 72 1 All all DT work_n27ihsbkpjfo3ankjp6zxbhpsi 72 2 six six CD work_n27ihsbkpjfo3ankjp6zxbhpsi 72 3 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 72 4 keep keep VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 72 5 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 72 6 cash cash NN work_n27ihsbkpjfo3ankjp6zxbhpsi 72 7 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 72 8 prizes prize NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 72 9 accumulated accumulate VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 72 10 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 72 11 phase phase NN work_n27ihsbkpjfo3ankjp6zxbhpsi 72 12 I. i. NN work_n27ihsbkpjfo3ankjp6zxbhpsi 73 1 Four four CD work_n27ihsbkpjfo3ankjp6zxbhpsi 73 2 regimes regime NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 73 3 have have VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 73 4 governed govern VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 73 5 phase phase NN work_n27ihsbkpjfo3ankjp6zxbhpsi 73 6 II II NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 73 7 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 73 8 Hoosier Hoosier NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 73 9 Million- Million- NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 73 10 aire aire NN work_n27ihsbkpjfo3ankjp6zxbhpsi 73 11 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 74 1 In in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 74 2 regime regime NN work_n27ihsbkpjfo3ankjp6zxbhpsi 74 3 1 1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 74 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 74 5 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 74 6 phase phase NN work_n27ihsbkpjfo3ankjp6zxbhpsi 74 7 I -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 74 8 winner winner NN work_n27ihsbkpjfo3ankjp6zxbhpsi 74 9 has have VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 74 10 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 74 11 option option NN work_n27ihsbkpjfo3ankjp6zxbhpsi 74 12 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 74 13 choosing choose VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 74 14 one one CD work_n27ihsbkpjfo3ankjp6zxbhpsi 74 15 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 74 16 four four CD work_n27ihsbkpjfo3ankjp6zxbhpsi 74 17 numbers number NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 74 18 randomly randomly RB work_n27ihsbkpjfo3ankjp6zxbhpsi 74 19 associated associate VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 74 20 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 74 21 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 74 22 dollar dollar NN work_n27ihsbkpjfo3ankjp6zxbhpsi 74 23 amounts amount VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 74 24 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 74 25 50,000 50,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 74 26 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 74 27 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 74 28 100,000 100,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 74 29 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 74 30 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 74 31 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 74 32 1,000,000 1,000,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 74 33 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 74 34 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 74 35 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 74 36 consolation consolation NN work_n27ihsbkpjfo3ankjp6zxbhpsi 74 37 prize prize NN work_n27ihsbkpjfo3ankjp6zxbhpsi 74 38 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 74 39 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 74 40 25,000 25,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 74 41 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 75 1 If if IN work_n27ihsbkpjfo3ankjp6zxbhpsi 75 2 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 75 3 contestant contestant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 75 4 draws draw VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 75 5 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 75 6 1 1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 75 7 million million CD work_n27ihsbkpjfo3ankjp6zxbhpsi 75 8 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 75 9 she -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 75 10 wins win VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 75 11 that that DT work_n27ihsbkpjfo3ankjp6zxbhpsi 75 12 amount amount NN work_n27ihsbkpjfo3ankjp6zxbhpsi 75 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 75 14 paid pay VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 75 15 out out RP work_n27ihsbkpjfo3ankjp6zxbhpsi 75 16 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 75 17 10 10 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 75 18 equal equal JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 75 19 annual annual JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 75 20 payments payment NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 75 21 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 75 22 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 75 23 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 75 24 game game NN work_n27ihsbkpjfo3ankjp6zxbhpsi 75 25 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 75 26 over over RB work_n27ihsbkpjfo3ankjp6zxbhpsi 75 27 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 76 1 If if IN work_n27ihsbkpjfo3ankjp6zxbhpsi 76 2 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 76 3 contestant contestant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 76 4 draws draw VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 76 5 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 76 6 50,000 50,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 76 7 or or CC work_n27ihsbkpjfo3ankjp6zxbhpsi 76 8 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 76 9 100,000 100,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 76 10 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 76 11 she -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 76 12 can can MD work_n27ihsbkpjfo3ankjp6zxbhpsi 76 13 keep keep VB work_n27ihsbkpjfo3ankjp6zxbhpsi 76 14 that that DT work_n27ihsbkpjfo3ankjp6zxbhpsi 76 15 amount amount NN work_n27ihsbkpjfo3ankjp6zxbhpsi 76 16 or or CC work_n27ihsbkpjfo3ankjp6zxbhpsi 76 17 give give VB work_n27ihsbkpjfo3ankjp6zxbhpsi 76 18 it -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 76 19 up up RP work_n27ihsbkpjfo3ankjp6zxbhpsi 76 20 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 76 21 make make VB work_n27ihsbkpjfo3ankjp6zxbhpsi 76 22 another another DT work_n27ihsbkpjfo3ankjp6zxbhpsi 76 23 choice choice NN work_n27ihsbkpjfo3ankjp6zxbhpsi 76 24 among among IN work_n27ihsbkpjfo3ankjp6zxbhpsi 76 25 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 76 26 remaining remain VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 76 27 alternatives alternative NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 76 28 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 77 1 She -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 77 2 continues continue VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 77 3 until until IN work_n27ihsbkpjfo3ankjp6zxbhpsi 77 4 she -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 77 5 chooses choose VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 77 6 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 77 7 stop stop VB work_n27ihsbkpjfo3ankjp6zxbhpsi 77 8 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 77 9 wins win VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 77 10 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 77 11 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 77 12 1 1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 77 13 million million CD work_n27ihsbkpjfo3ankjp6zxbhpsi 77 14 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 77 15 or or CC work_n27ihsbkpjfo3ankjp6zxbhpsi 77 16 draws draw VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 77 17 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 77 18 consolation consolation NN work_n27ihsbkpjfo3ankjp6zxbhpsi 77 19 prize prize NN work_n27ihsbkpjfo3ankjp6zxbhpsi 77 20 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 78 1 In in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 78 2 October October NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 78 3 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 78 4 1990 1990 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 78 5 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 78 6 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 78 7 two two CD work_n27ihsbkpjfo3ankjp6zxbhpsi 78 8 intermediate intermediate JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 78 9 amounts amount NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 78 10 offered offer VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 78 11 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 78 12 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 78 13 gamble gamble NN work_n27ihsbkpjfo3ankjp6zxbhpsi 78 14 changed change VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 78 15 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 78 16 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 78 17 50,000 50,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 78 18 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 78 19 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 78 20 100,000 100,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 78 21 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 78 22 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 78 23 100,000 100,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 78 24 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 78 25 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 78 26 200,000 200,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 78 27 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 79 1 All all DT work_n27ihsbkpjfo3ankjp6zxbhpsi 79 2 other other JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 79 3 features feature NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 79 4 remained remain VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 79 5 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 79 6 same same JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 79 7 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 80 1 We -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 80 2 call call VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 80 3 this this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 80 4 regime regime NN work_n27ihsbkpjfo3ankjp6zxbhpsi 80 5 2 2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 80 6 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 81 1 In in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 81 2 February February NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 81 3 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 81 4 1992 1992 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 81 5 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 81 6 more more JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 81 7 changes change NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 81 8 were be VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 81 9 made make VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 81 10 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 81 11 phase phase VB work_n27ihsbkpjfo3ankjp6zxbhpsi 81 12 II II NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 81 13 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 82 1 First first RB work_n27ihsbkpjfo3ankjp6zxbhpsi 82 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 82 3 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 82 4 lowest low JJS work_n27ihsbkpjfo3ankjp6zxbhpsi 82 5 amount amount NN work_n27ihsbkpjfo3ankjp6zxbhpsi 82 6 attainable attainable JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 82 7 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 82 8 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 82 9 initial initial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 82 10 drawing drawing NN work_n27ihsbkpjfo3ankjp6zxbhpsi 82 11 changed change VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 82 12 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 82 13 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 82 14 100,000 100,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 82 15 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 82 16 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 82 17 150,000 150,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 82 18 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 83 1 Second second JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 83 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 83 3 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 83 4 consolation consolation NN work_n27ihsbkpjfo3ankjp6zxbhpsi 83 5 prize prize NN work_n27ihsbkpjfo3ankjp6zxbhpsi 83 6 went go VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 83 7 down down RP work_n27ihsbkpjfo3ankjp6zxbhpsi 83 8 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 83 9 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 83 10 25,000 25,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 83 11 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 83 12 1,000 1,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 83 13 scratch scratch NN work_n27ihsbkpjfo3ankjp6zxbhpsi 83 14 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 83 15 off off RP work_n27ihsbkpjfo3ankjp6zxbhpsi 83 16 lottery lottery NN work_n27ihsbkpjfo3ankjp6zxbhpsi 83 17 tickets ticket NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 83 18 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 83 19 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 83 20 purchase purchase NN work_n27ihsbkpjfo3ankjp6zxbhpsi 83 21 price price NN work_n27ihsbkpjfo3ankjp6zxbhpsi 83 22 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 83 23 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 83 24 1 1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 83 25 each each DT work_n27ihsbkpjfo3ankjp6zxbhpsi 83 26 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 84 1 Finally finally RB work_n27ihsbkpjfo3ankjp6zxbhpsi 84 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 84 3 lottery lottery NN work_n27ihsbkpjfo3ankjp6zxbhpsi 84 4 officials official NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 84 5 changed change VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 84 6 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 84 7 payment payment NN work_n27ihsbkpjfo3ankjp6zxbhpsi 84 8 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 84 9 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 84 10 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 84 11 1 1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 84 12 million million CD work_n27ihsbkpjfo3ankjp6zxbhpsi 84 13 prize prize NN work_n27ihsbkpjfo3ankjp6zxbhpsi 84 14 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 84 15 twenty twenty CD work_n27ihsbkpjfo3ankjp6zxbhpsi 84 16 annual annual JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 84 17 payments payment NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 84 18 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 84 19 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 84 20 50,000 50,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 84 21 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 85 1 We -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 85 2 call call VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 85 3 this this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 85 4 regime regime NN work_n27ihsbkpjfo3ankjp6zxbhpsi 85 5 3 3 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 85 6 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 86 1 Rules rule NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 86 2 currently currently RB work_n27ihsbkpjfo3ankjp6zxbhpsi 86 3 governing govern VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 86 4 phase phase NN work_n27ihsbkpjfo3ankjp6zxbhpsi 86 5 II ii CD work_n27ihsbkpjfo3ankjp6zxbhpsi 86 6 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 86 7 Hoosier Hoosier NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 86 8 Millionaire Millionaire NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 86 9 were be VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 86 10 instituted institute VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 86 11 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 86 12 February February NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 86 13 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 86 14 1994 1994 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 86 15 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 87 1 According accord VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 87 2 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 87 3 Pat Pat NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 87 4 Traub Traub NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 87 5 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 87 6 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 87 7 lottery lottery NN work_n27ihsbkpjfo3ankjp6zxbhpsi 87 8 ’s ’s POS work_n27ihsbkpjfo3ankjp6zxbhpsi 87 9 acting acting NN work_n27ihsbkpjfo3ankjp6zxbhpsi 87 10 deputy deputy NN work_n27ihsbkpjfo3ankjp6zxbhpsi 87 11 director director NN work_n27ihsbkpjfo3ankjp6zxbhpsi 87 12 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 87 13 these these DT work_n27ihsbkpjfo3ankjp6zxbhpsi 87 14 changes change NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 87 15 offer offer VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 87 16 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 87 17 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 88 1 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 89 1 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 90 1 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 90 2 highest high JJS work_n27ihsbkpjfo3ankjp6zxbhpsi 90 3 guaranteed guaranteed JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 90 4 prize prize NN work_n27ihsbkpjfo3ankjp6zxbhpsi 90 5 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 90 6 any any DT work_n27ihsbkpjfo3ankjp6zxbhpsi 90 7 game game NN work_n27ihsbkpjfo3ankjp6zxbhpsi 90 8 show show NN work_n27ihsbkpjfo3ankjp6zxbhpsi 90 9 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 90 10 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 90 11 nation nation NN work_n27ihsbkpjfo3ankjp6zxbhpsi 90 12 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 91 1 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 92 1 . . NFP work_n27ihsbkpjfo3ankjp6zxbhpsi 92 2 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 92 3 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 92 4 were be VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 92 5 made make VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 92 6 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 92 7 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 92 8 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 93 1 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 94 1 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 95 1 enhance enhance VB work_n27ihsbkpjfo3ankjp6zxbhpsi 95 2 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 95 3 show show NN work_n27ihsbkpjfo3ankjp6zxbhpsi 95 4 ’s ’s POS work_n27ihsbkpjfo3ankjp6zxbhpsi 95 5 entertainment entertainment NN work_n27ihsbkpjfo3ankjp6zxbhpsi 95 6 value value NN work_n27ihsbkpjfo3ankjp6zxbhpsi 95 7 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 95 8 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 95 9 Two two CD work_n27ihsbkpjfo3ankjp6zxbhpsi 95 10 revisions revision NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 95 11 were be VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 95 12 made make VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 95 13 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 96 1 First first RB work_n27ihsbkpjfo3ankjp6zxbhpsi 96 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 96 3 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 96 4 contestant contestant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 96 5 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 96 6 now now RB work_n27ihsbkpjfo3ankjp6zxbhpsi 96 7 automatically automatically RB work_n27ihsbkpjfo3ankjp6zxbhpsi 96 8 endowed endow VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 96 9 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 96 10 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 96 11 guaranteed guarantee VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 96 12 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 96 13 100,000 100,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 96 14 prize prize NN work_n27ihsbkpjfo3ankjp6zxbhpsi 96 15 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 97 1 She -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 97 2 may may MD work_n27ihsbkpjfo3ankjp6zxbhpsi 97 3 then then RB work_n27ihsbkpjfo3ankjp6zxbhpsi 97 4 decide decide VB work_n27ihsbkpjfo3ankjp6zxbhpsi 97 5 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 97 6 keep keep VB work_n27ihsbkpjfo3ankjp6zxbhpsi 97 7 that that DT work_n27ihsbkpjfo3ankjp6zxbhpsi 97 8 amount amount NN work_n27ihsbkpjfo3ankjp6zxbhpsi 97 9 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 97 10 walk walk VB work_n27ihsbkpjfo3ankjp6zxbhpsi 97 11 away away RB work_n27ihsbkpjfo3ankjp6zxbhpsi 97 12 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 97 13 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 97 14 show show NN work_n27ihsbkpjfo3ankjp6zxbhpsi 97 15 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 97 16 or or CC work_n27ihsbkpjfo3ankjp6zxbhpsi 97 17 give give VB work_n27ihsbkpjfo3ankjp6zxbhpsi 97 18 it -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 97 19 up up RP work_n27ihsbkpjfo3ankjp6zxbhpsi 97 20 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 97 21 choose choose VB work_n27ihsbkpjfo3ankjp6zxbhpsi 97 22 one one CD work_n27ihsbkpjfo3ankjp6zxbhpsi 97 23 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 97 24 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 97 25 four four CD work_n27ihsbkpjfo3ankjp6zxbhpsi 97 26 numbers number NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 97 27 just just RB work_n27ihsbkpjfo3ankjp6zxbhpsi 97 28 as as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 97 29 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 97 30 regime regime NN work_n27ihsbkpjfo3ankjp6zxbhpsi 97 31 3 3 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 97 32 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 98 1 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 98 2 other other JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 98 3 change change NN work_n27ihsbkpjfo3ankjp6zxbhpsi 98 4 involved involve VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 98 5 extending extend VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 98 6 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 98 7 period period NN work_n27ihsbkpjfo3ankjp6zxbhpsi 98 8 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 98 9 time time NN work_n27ihsbkpjfo3ankjp6zxbhpsi 98 10 over over IN work_n27ihsbkpjfo3ankjp6zxbhpsi 98 11 which which WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 98 12 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 98 13 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 98 14 1,000,000 1,000,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 98 15 prize prize NN work_n27ihsbkpjfo3ankjp6zxbhpsi 98 16 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 98 17 paid pay VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 98 18 out out RP work_n27ihsbkpjfo3ankjp6zxbhpsi 98 19 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 98 20 twenty twenty CD work_n27ihsbkpjfo3ankjp6zxbhpsi 98 21 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 98 22 twenty twenty CD work_n27ihsbkpjfo3ankjp6zxbhpsi 98 23 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 98 24 five five CD work_n27ihsbkpjfo3ankjp6zxbhpsi 98 25 years.2 years.2 . work_n27ihsbkpjfo3ankjp6zxbhpsi 98 26 We -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 98 27 call call VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 98 28 this this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 98 29 regime regime NN work_n27ihsbkpjfo3ankjp6zxbhpsi 98 30 4 4 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 98 31 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 99 1 1 1 LS work_n27ihsbkpjfo3ankjp6zxbhpsi 99 2 Both both DT work_n27ihsbkpjfo3ankjp6zxbhpsi 99 3 Card Card NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 99 4 Sharks Sharks NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 99 5 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 99 6 Illinois Illinois NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 99 7 Instant Instant NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 99 8 Riches Riches NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 99 9 involve involve VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 99 10 nontrivial nontrivial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 99 11 prob- prob- JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 99 12 ability ability NN work_n27ihsbkpjfo3ankjp6zxbhpsi 99 13 calculations calculation NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 99 14 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 99 15 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 99 16 Final Final NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 99 17 Jeopardy Jeopardy NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 99 18 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 99 19 LINGO LINGO NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 99 20 involve involve VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 99 21 subjective subjective JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 99 22 assessments assessment NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 99 23 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 99 24 one one CD work_n27ihsbkpjfo3ankjp6zxbhpsi 99 25 ’s ’s '' work_n27ihsbkpjfo3ankjp6zxbhpsi 99 26 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 99 27 or or CC work_n27ihsbkpjfo3ankjp6zxbhpsi 99 28 other other JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 99 29 players player NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 99 30 ’ ' '' work_n27ihsbkpjfo3ankjp6zxbhpsi 99 31 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 99 32 ability ability NN work_n27ihsbkpjfo3ankjp6zxbhpsi 99 33 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 99 34 solve solve VB work_n27ihsbkpjfo3ankjp6zxbhpsi 99 35 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 99 36 puzzle puzzle NN work_n27ihsbkpjfo3ankjp6zxbhpsi 99 37 or or CC work_n27ihsbkpjfo3ankjp6zxbhpsi 99 38 answer answer VB work_n27ihsbkpjfo3ankjp6zxbhpsi 99 39 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 99 40 question question NN work_n27ihsbkpjfo3ankjp6zxbhpsi 99 41 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 100 1 2 2 LS work_n27ihsbkpjfo3ankjp6zxbhpsi 100 2 This this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 100 3 change change NN work_n27ihsbkpjfo3ankjp6zxbhpsi 100 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 100 5 not not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 100 6 widely widely RB work_n27ihsbkpjfo3ankjp6zxbhpsi 100 7 publicized publicize VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 100 8 by by IN work_n27ihsbkpjfo3ankjp6zxbhpsi 100 9 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 100 10 Lottery Lottery NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 100 11 Commission Commission NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 100 12 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 100 13 be- be- XX work_n27ihsbkpjfo3ankjp6zxbhpsi 100 14 came come VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 100 15 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 100 16 heated heated JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 100 17 point point NN work_n27ihsbkpjfo3ankjp6zxbhpsi 100 18 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 100 19 contention contention NN work_n27ihsbkpjfo3ankjp6zxbhpsi 100 20 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 100 21 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 100 22 1994 1994 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 100 23 Indiana Indiana NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 100 24 state state NN work_n27ihsbkpjfo3ankjp6zxbhpsi 100 25 elections election NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 100 26 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 101 1 NOTES NOTES NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 101 2 219 219 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 101 3 III iii CD work_n27ihsbkpjfo3ankjp6zxbhpsi 101 4 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 102 1 Analytical analytical JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 102 2 Issues Issues NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 102 3 In in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 102 4 analytical analytical JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 102 5 terms term NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 102 6 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 102 7 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 102 8 problem problem NN work_n27ihsbkpjfo3ankjp6zxbhpsi 102 9 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 102 10 Hoosier Hoosier NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 102 11 Millionaire Millionaire NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 102 12 contestant contestant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 102 13 faces face VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 102 14 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 102 15 one one CD work_n27ihsbkpjfo3ankjp6zxbhpsi 102 16 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 102 17 sequential sequential JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 102 18 decisions decision NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 102 19 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 102 20 no no DT work_n27ihsbkpjfo3ankjp6zxbhpsi 102 21 recall recall NN work_n27ihsbkpjfo3ankjp6zxbhpsi 102 22 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 103 1 This this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 103 2 means mean VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 103 3 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 103 4 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 103 5 outcome outcome NN work_n27ihsbkpjfo3ankjp6zxbhpsi 103 6 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 103 7 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 103 8 first first JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 103 9 decision decision NN work_n27ihsbkpjfo3ankjp6zxbhpsi 103 10 may may MD work_n27ihsbkpjfo3ankjp6zxbhpsi 103 11 give give VB work_n27ihsbkpjfo3ankjp6zxbhpsi 103 12 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 103 13 contestant contestant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 103 14 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 103 15 option option NN work_n27ihsbkpjfo3ankjp6zxbhpsi 103 16 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 103 17 continue continue VB work_n27ihsbkpjfo3ankjp6zxbhpsi 103 18 playing play VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 103 19 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 103 20 but but CC work_n27ihsbkpjfo3ankjp6zxbhpsi 103 21 once once RB work_n27ihsbkpjfo3ankjp6zxbhpsi 103 22 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 103 23 continuation continuation NN work_n27ihsbkpjfo3ankjp6zxbhpsi 103 24 decision decision NN work_n27ihsbkpjfo3ankjp6zxbhpsi 103 25 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 103 26 made make VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 103 27 at at IN work_n27ihsbkpjfo3ankjp6zxbhpsi 103 28 any any DT work_n27ihsbkpjfo3ankjp6zxbhpsi 103 29 stage stage NN work_n27ihsbkpjfo3ankjp6zxbhpsi 103 30 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 103 31 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 103 32 status status NN work_n27ihsbkpjfo3ankjp6zxbhpsi 103 33 quo quo NN work_n27ihsbkpjfo3ankjp6zxbhpsi 103 34 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 103 35 no no DT work_n27ihsbkpjfo3ankjp6zxbhpsi 103 36 longer long RBR work_n27ihsbkpjfo3ankjp6zxbhpsi 103 37 available available JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 103 38 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 104 1 In in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 104 2 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 104 3 problem problem NN work_n27ihsbkpjfo3ankjp6zxbhpsi 104 4 like like IN work_n27ihsbkpjfo3ankjp6zxbhpsi 104 5 this this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 104 6 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 104 7 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 104 8 optimal optimal JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 104 9 decisions decision NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 104 10 follow follow VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 104 11 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 104 12 using use VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 104 13 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 104 14 dynamic dynamic JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 104 15 programming programming NN work_n27ihsbkpjfo3ankjp6zxbhpsi 104 16 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 104 17 or or CC work_n27ihsbkpjfo3ankjp6zxbhpsi 104 18 backward backward JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 104 19 induction induction NN work_n27ihsbkpjfo3ankjp6zxbhpsi 104 20 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 104 21 technique technique NN work_n27ihsbkpjfo3ankjp6zxbhpsi 104 22 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 105 1 This this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 105 2 means mean VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 105 3 starting start VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 105 4 at at IN work_n27ihsbkpjfo3ankjp6zxbhpsi 105 5 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 105 6 final final JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 105 7 decision decision NN work_n27ihsbkpjfo3ankjp6zxbhpsi 105 8 node node NN work_n27ihsbkpjfo3ankjp6zxbhpsi 105 9 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 105 10 assessing assess VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 105 11 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 105 12 values value NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 105 13 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 105 14 continuing continue VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 105 15 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 105 16 stopping stop VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 105 17 at at IN work_n27ihsbkpjfo3ankjp6zxbhpsi 105 18 that that DT work_n27ihsbkpjfo3ankjp6zxbhpsi 105 19 stage stage NN work_n27ihsbkpjfo3ankjp6zxbhpsi 105 20 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 105 21 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 105 22 then then RB work_n27ihsbkpjfo3ankjp6zxbhpsi 105 23 factoring factor VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 105 24 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 105 25 these these DT work_n27ihsbkpjfo3ankjp6zxbhpsi 105 26 values value NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 105 27 when when WRB work_n27ihsbkpjfo3ankjp6zxbhpsi 105 28 making make VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 105 29 decisions decision NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 105 30 at at IN work_n27ihsbkpjfo3ankjp6zxbhpsi 105 31 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 105 32 previous previous JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 105 33 stage(s stage(s NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 105 34 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 105 35 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 106 1 This this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 106 2 pro- pro- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 106 3 cedure cedure NN work_n27ihsbkpjfo3ankjp6zxbhpsi 106 4 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 106 5 equivalent equivalent JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 106 6 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 106 7 finding find VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 106 8 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 106 9 subgame subgame NN work_n27ihsbkpjfo3ankjp6zxbhpsi 106 10 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 106 11 perfect perfect NN work_n27ihsbkpjfo3ankjp6zxbhpsi 106 12 equilib- equilib- NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 106 13 rium rium NN work_n27ihsbkpjfo3ankjp6zxbhpsi 106 14 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 106 15 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 106 16 game game NN work_n27ihsbkpjfo3ankjp6zxbhpsi 106 17 against against IN work_n27ihsbkpjfo3ankjp6zxbhpsi 106 18 nature nature NN work_n27ihsbkpjfo3ankjp6zxbhpsi 106 19 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 107 1 In in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 107 2 analyzing analyze VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 107 3 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 107 4 optimal optimal JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 107 5 strategy strategy NN work_n27ihsbkpjfo3ankjp6zxbhpsi 107 6 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 107 7 each each DT work_n27ihsbkpjfo3ankjp6zxbhpsi 107 8 regime regime NN work_n27ihsbkpjfo3ankjp6zxbhpsi 107 9 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 107 10 we -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 107 11 consider consider VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 107 12 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 107 13 following follow VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 107 14 behavioral behavioral JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 107 15 hypotheses hypothesis NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 107 16 : : : work_n27ihsbkpjfo3ankjp6zxbhpsi 107 17 Full full JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 107 18 Rationality rationality NN work_n27ihsbkpjfo3ankjp6zxbhpsi 107 19 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 107 20 FR FR NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 107 21 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 107 22 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 108 1 A a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 108 2 contestant contestant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 108 3 performs perform VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 108 4 backward backward JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 108 5 induction induction NN work_n27ihsbkpjfo3ankjp6zxbhpsi 108 6 at at IN work_n27ihsbkpjfo3ankjp6zxbhpsi 108 7 each each DT work_n27ihsbkpjfo3ankjp6zxbhpsi 108 8 decision decision NN work_n27ihsbkpjfo3ankjp6zxbhpsi 108 9 node node NN work_n27ihsbkpjfo3ankjp6zxbhpsi 108 10 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 108 11 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 108 12 discounts discount NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 108 13 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 108 14 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 108 15 1,000,000 1,000,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 108 16 prize prize NN work_n27ihsbkpjfo3ankjp6zxbhpsi 108 17 according accord VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 108 18 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 108 19 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 108 20 annuity annuity NN work_n27ihsbkpjfo3ankjp6zxbhpsi 108 21 system.3 system.3 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 108 22 Bounded Bounded NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 108 23 Rationality Rationality NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 108 24 1 1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 108 25 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 108 26 BR1 BR1 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 108 27 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 108 28 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 109 1 Same same JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 109 2 as as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 109 3 FR FR NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 109 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 109 5 but but CC work_n27ihsbkpjfo3ankjp6zxbhpsi 109 6 no no DT work_n27ihsbkpjfo3ankjp6zxbhpsi 109 7 dis- dis- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 109 8 counting counting NN work_n27ihsbkpjfo3ankjp6zxbhpsi 109 9 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 109 10 applied apply VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 109 11 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 109 12 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 109 13 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 109 14 1,000,000 1,000,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 109 15 prize prize NN work_n27ihsbkpjfo3ankjp6zxbhpsi 109 16 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 110 1 Bounded Bounded NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 110 2 Rationality Rationality NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 110 3 2 2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 110 4 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 110 5 BR2 BR2 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 110 6 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 110 7 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 111 1 Contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 111 2 do do VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 111 3 not not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 111 4 per- per- RB work_n27ihsbkpjfo3ankjp6zxbhpsi 111 5 form form VB work_n27ihsbkpjfo3ankjp6zxbhpsi 111 6 backward backward JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 111 7 induction induction NN work_n27ihsbkpjfo3ankjp6zxbhpsi 111 8 at at IN work_n27ihsbkpjfo3ankjp6zxbhpsi 111 9 every every DT work_n27ihsbkpjfo3ankjp6zxbhpsi 111 10 decision decision NN work_n27ihsbkpjfo3ankjp6zxbhpsi 111 11 node node NN work_n27ihsbkpjfo3ankjp6zxbhpsi 111 12 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 111 13 that that RB work_n27ihsbkpjfo3ankjp6zxbhpsi 111 14 is is RB work_n27ihsbkpjfo3ankjp6zxbhpsi 111 15 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 111 16 they -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 111 17 do do VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 111 18 not not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 111 19 take take VB work_n27ihsbkpjfo3ankjp6zxbhpsi 111 20 into into IN work_n27ihsbkpjfo3ankjp6zxbhpsi 111 21 account account NN work_n27ihsbkpjfo3ankjp6zxbhpsi 111 22 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 111 23 value value NN work_n27ihsbkpjfo3ankjp6zxbhpsi 111 24 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 111 25 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 111 26 option option NN work_n27ihsbkpjfo3ankjp6zxbhpsi 111 27 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 111 28 continue continue VB work_n27ihsbkpjfo3ankjp6zxbhpsi 111 29 playing play VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 111 30 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 111 31 game game NN work_n27ihsbkpjfo3ankjp6zxbhpsi 111 32 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 111 33 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 111 34 evaluate evaluate VB work_n27ihsbkpjfo3ankjp6zxbhpsi 111 35 each each DT work_n27ihsbkpjfo3ankjp6zxbhpsi 111 36 lottery lottery NN work_n27ihsbkpjfo3ankjp6zxbhpsi 111 37 as as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 111 38 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 111 39 simple simple JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 111 40 rather rather RB work_n27ihsbkpjfo3ankjp6zxbhpsi 111 41 than than IN work_n27ihsbkpjfo3ankjp6zxbhpsi 111 42 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 111 43 sequentially sequentially RB work_n27ihsbkpjfo3ankjp6zxbhpsi 111 44 compounded compound VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 111 45 lottery lottery NN work_n27ihsbkpjfo3ankjp6zxbhpsi 111 46 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 112 1 An- an- DT work_n27ihsbkpjfo3ankjp6zxbhpsi 112 2 nuities nuitie NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 112 3 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 112 4 discounted discount VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 112 5 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 113 1 Bounded Bounded NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 113 2 Rationality Rationality NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 113 3 3 3 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 113 4 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 113 5 BR3 BR3 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 113 6 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 113 7 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 114 1 Same same JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 114 2 as as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 114 3 BR2 BR2 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 114 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 114 5 but but CC work_n27ihsbkpjfo3ankjp6zxbhpsi 114 6 annu- annu- NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 114 7 ities itie NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 114 8 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 114 9 not not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 114 10 discounted discount VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 114 11 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 115 1 Our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 115 2 bounded bound VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 115 3 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 115 4 rationality rationality NN work_n27ihsbkpjfo3ankjp6zxbhpsi 115 5 scenarios scenario NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 115 6 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 115 7 motivated motivate VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 115 8 by by IN work_n27ihsbkpjfo3ankjp6zxbhpsi 115 9 bi- bi- JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 115 10 ases as NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 115 11 observed observe VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 115 12 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 115 13 decision decision NN work_n27ihsbkpjfo3ankjp6zxbhpsi 115 14 settings setting NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 115 15 comparable comparable JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 115 16 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 115 17 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 115 18 prob- prob- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 115 19 lem lem XX work_n27ihsbkpjfo3ankjp6zxbhpsi 115 20 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 116 1 Empirical empirical JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 116 2 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 116 3 experimental experimental JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 116 4 evidence evidence NN work_n27ihsbkpjfo3ankjp6zxbhpsi 116 5 suggests suggest VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 116 6 that that RB work_n27ihsbkpjfo3ankjp6zxbhpsi 116 7 low low JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 116 8 or or CC work_n27ihsbkpjfo3ankjp6zxbhpsi 116 9 even even RB work_n27ihsbkpjfo3ankjp6zxbhpsi 116 10 negative negative JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 116 11 discounting discount VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 116 12 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 116 13 common common JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 116 14 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 116 15 decisions decision NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 116 16 in- in- JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 116 17 volving volve VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 116 18 evaluation evaluation NN work_n27ihsbkpjfo3ankjp6zxbhpsi 116 19 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 116 20 income income NN work_n27ihsbkpjfo3ankjp6zxbhpsi 116 21 streams stream NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 116 22 over over IN work_n27ihsbkpjfo3ankjp6zxbhpsi 116 23 time time NN work_n27ihsbkpjfo3ankjp6zxbhpsi 116 24 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 116 25 BR1 BR1 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 116 26 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 116 27 BR3 BR3 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 116 28 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 116 29 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 117 1 Loewenstein Loewenstein NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 117 2 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 117 3 Prelec Prelec NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 117 4 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 117 5 1991 1991 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 117 6 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 117 7 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 117 8 Loewenstein Loewenstein NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 117 9 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 117 10 Thaler Thaler NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 117 11 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 117 12 1989 1989 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 117 13 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 117 14 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 117 15 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 117 16 Gigliotti Gigliotti NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 117 17 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 117 18 Sopher Sopher NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 117 19 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 117 20 1997 1997 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 117 21 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 117 22 note note VB work_n27ihsbkpjfo3ankjp6zxbhpsi 117 23 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 117 24 most most JJS work_n27ihsbkpjfo3ankjp6zxbhpsi 117 25 subjects subject NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 117 26 prefer prefer VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 117 27 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 117 28 more more RBR work_n27ihsbkpjfo3ankjp6zxbhpsi 117 29 constant constant JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 117 30 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 117 31 spread spread VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 117 32 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 117 33 out out RP work_n27ihsbkpjfo3ankjp6zxbhpsi 117 34 stream stream NN work_n27ihsbkpjfo3ankjp6zxbhpsi 117 35 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 117 36 income income NN work_n27ihsbkpjfo3ankjp6zxbhpsi 117 37 over over IN work_n27ihsbkpjfo3ankjp6zxbhpsi 117 38 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 117 39 strictly strictly RB work_n27ihsbkpjfo3ankjp6zxbhpsi 117 40 decreasing decrease VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 117 41 pattern pattern NN work_n27ihsbkpjfo3ankjp6zxbhpsi 117 42 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 117 43 payments.4,5 payments.4,5 . work_n27ihsbkpjfo3ankjp6zxbhpsi 117 44 There there EX work_n27ihsbkpjfo3ankjp6zxbhpsi 117 45 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 117 46 also also RB work_n27ihsbkpjfo3ankjp6zxbhpsi 117 47 extensive extensive JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 117 48 evidence evidence NN work_n27ihsbkpjfo3ankjp6zxbhpsi 117 49 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 117 50 individuals individual NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 117 51 fail fail VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 117 52 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 117 53 perform perform VB work_n27ihsbkpjfo3ankjp6zxbhpsi 117 54 backward backward JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 117 55 induction induction NN work_n27ihsbkpjfo3ankjp6zxbhpsi 117 56 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 117 57 sequential sequential JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 117 58 decision decision NN work_n27ihsbkpjfo3ankjp6zxbhpsi 117 59 envi- envi- NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 117 60 ronments ronment NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 117 61 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 117 62 BR2 BR2 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 117 63 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 117 64 BR3 BR3 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 117 65 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 117 66 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 118 1 Carbone carbone NN work_n27ihsbkpjfo3ankjp6zxbhpsi 118 2 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 118 3 Hey hey UH work_n27ihsbkpjfo3ankjp6zxbhpsi 118 4 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 118 5 1998 1998 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 118 6 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 118 7 report report VB work_n27ihsbkpjfo3ankjp6zxbhpsi 118 8 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 118 9 series series NN work_n27ihsbkpjfo3ankjp6zxbhpsi 118 10 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 118 11 decision decision NN work_n27ihsbkpjfo3ankjp6zxbhpsi 118 12 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 118 13 making make VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 118 14 experiments experiment NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 118 15 where where WRB work_n27ihsbkpjfo3ankjp6zxbhpsi 118 16 individuals individual NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 118 17 do do VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 118 18 not not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 118 19 apply apply VB work_n27ihsbkpjfo3ankjp6zxbhpsi 118 20 Bellman Bellman NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 118 21 ’s ’s POS work_n27ihsbkpjfo3ankjp6zxbhpsi 118 22 principle principle NN work_n27ihsbkpjfo3ankjp6zxbhpsi 118 23 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 118 24 optimality optimality NN work_n27ihsbkpjfo3ankjp6zxbhpsi 118 25 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 119 1 Similarly similarly RB work_n27ihsbkpjfo3ankjp6zxbhpsi 119 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 119 3 Camerer Camerer NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 119 4 et et NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 119 5 al al NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 119 6 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 120 1 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 120 2 1993 1993 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 120 3 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 120 4 show show VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 120 5 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 120 6 subjects subject NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 120 7 do do VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 120 8 not not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 120 9 reason reason VB work_n27ihsbkpjfo3ankjp6zxbhpsi 120 10 backward backward JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 120 11 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 120 12 simple simple JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 120 13 alternating alternating NN work_n27ihsbkpjfo3ankjp6zxbhpsi 120 14 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 120 15 offers offer NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 120 16 bargaining bargaining NN work_n27ihsbkpjfo3ankjp6zxbhpsi 120 17 experi- experi- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 120 18 ments ment NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 120 19 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 121 1 Instead instead RB work_n27ihsbkpjfo3ankjp6zxbhpsi 121 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 121 3 most most JJS work_n27ihsbkpjfo3ankjp6zxbhpsi 121 4 subjects subject NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 121 5 base base VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 121 6 their -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 121 7 decision decision NN work_n27ihsbkpjfo3ankjp6zxbhpsi 121 8 on on IN work_n27ihsbkpjfo3ankjp6zxbhpsi 121 9 current current JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 121 10 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 121 11 round round NN work_n27ihsbkpjfo3ankjp6zxbhpsi 121 12 payoffs.6 payoffs.6 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 121 13 Figures figure NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 121 14 1 1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 121 15 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 121 16 2 2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 121 17 show show VB work_n27ihsbkpjfo3ankjp6zxbhpsi 121 18 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 121 19 game game NN work_n27ihsbkpjfo3ankjp6zxbhpsi 121 20 trees tree NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 121 21 associated associate VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 121 22 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 121 23 regimes regime NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 121 24 3 3 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 121 25 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 121 26 4 4 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 121 27 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 121 28 Hoosier Hoosier NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 121 29 Millionaire Millionaire NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 121 30 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 122 1 We -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 122 2 subsequently subsequently RB work_n27ihsbkpjfo3ankjp6zxbhpsi 122 3 analyze analyze VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 122 4 optimal optimal JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 122 5 decisions decision NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 122 6 under under IN work_n27ihsbkpjfo3ankjp6zxbhpsi 122 7 each each DT work_n27ihsbkpjfo3ankjp6zxbhpsi 122 8 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 122 9 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 122 10 behavioral behavioral JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 122 11 hypotheses hypothesis NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 122 12 outlined outline VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 122 13 above above RB work_n27ihsbkpjfo3ankjp6zxbhpsi 122 14 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 123 1 A. A. NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 124 1 Risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 124 2 Neutrality Neutrality NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 124 3 If if IN work_n27ihsbkpjfo3ankjp6zxbhpsi 124 4 decisions decision NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 124 5 depend depend VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 124 6 solely solely RB work_n27ihsbkpjfo3ankjp6zxbhpsi 124 7 on on IN work_n27ihsbkpjfo3ankjp6zxbhpsi 124 8 expected expect VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 124 9 values value NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 124 10 at at IN work_n27ihsbkpjfo3ankjp6zxbhpsi 124 11 each each DT work_n27ihsbkpjfo3ankjp6zxbhpsi 124 12 decision decision NN work_n27ihsbkpjfo3ankjp6zxbhpsi 124 13 node node NN work_n27ihsbkpjfo3ankjp6zxbhpsi 124 14 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 124 15 simple simple JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 124 16 calculations calculation NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 124 17 show show VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 124 18 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 124 19 : : : work_n27ihsbkpjfo3ankjp6zxbhpsi 124 20 1 1 LS work_n27ihsbkpjfo3ankjp6zxbhpsi 124 21 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 125 1 Boundedly boundedly RB work_n27ihsbkpjfo3ankjp6zxbhpsi 125 2 rational rational JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 125 3 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 125 4 who who WP work_n27ihsbkpjfo3ankjp6zxbhpsi 125 5 do do VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 125 6 not not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 125 7 discount discount VB work_n27ihsbkpjfo3ankjp6zxbhpsi 125 8 annuities annuity NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 125 9 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 125 10 BR1 BR1 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 125 11 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 125 12 BR3 BR3 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 125 13 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 125 14 always always RB work_n27ihsbkpjfo3ankjp6zxbhpsi 125 15 choose choose VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 125 16 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 125 17 gamble gamble NN work_n27ihsbkpjfo3ankjp6zxbhpsi 125 18 over over IN work_n27ihsbkpjfo3ankjp6zxbhpsi 125 19 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 125 20 sure sure JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 125 21 prospect prospect NN work_n27ihsbkpjfo3ankjp6zxbhpsi 125 22 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 126 1 Here here RB work_n27ihsbkpjfo3ankjp6zxbhpsi 126 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 126 3 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 126 4 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 126 5 1,000,000 1,000,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 126 6 prize prize NN work_n27ihsbkpjfo3ankjp6zxbhpsi 126 7 makes make VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 126 8 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 126 9 gambles gamble NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 126 10 ’ ’ POS work_n27ihsbkpjfo3ankjp6zxbhpsi 126 11 expected expect VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 126 12 values value NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 126 13 very very RB work_n27ihsbkpjfo3ankjp6zxbhpsi 126 14 large large JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 126 15 across across IN work_n27ihsbkpjfo3ankjp6zxbhpsi 126 16 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 126 17 board board NN work_n27ihsbkpjfo3ankjp6zxbhpsi 126 18 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 126 19 even even RB work_n27ihsbkpjfo3ankjp6zxbhpsi 126 20 when when WRB work_n27ihsbkpjfo3ankjp6zxbhpsi 126 21 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 126 22 do do VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 126 23 not not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 126 24 backward- backward- VB work_n27ihsbkpjfo3ankjp6zxbhpsi 126 25 induct induct VB work_n27ihsbkpjfo3ankjp6zxbhpsi 126 26 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 127 1 2 2 LS work_n27ihsbkpjfo3ankjp6zxbhpsi 127 2 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 128 1 If if IN work_n27ihsbkpjfo3ankjp6zxbhpsi 128 2 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 128 3 discount discount NN work_n27ihsbkpjfo3ankjp6zxbhpsi 128 4 annuities annuity NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 128 5 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 128 6 FR FR NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 128 7 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 128 8 BR2 BR2 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 128 9 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 128 10 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 128 11 gambling gambling NN work_n27ihsbkpjfo3ankjp6zxbhpsi 128 12 may may MD work_n27ihsbkpjfo3ankjp6zxbhpsi 128 13 become become VB work_n27ihsbkpjfo3ankjp6zxbhpsi 128 14 unattractive unattractive JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 128 15 as as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 128 16 discounting discount VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 128 17 increases increase NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 128 18 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 129 1 Table table NN work_n27ihsbkpjfo3ankjp6zxbhpsi 129 2 1 1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 129 3 shows show VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 129 4 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 129 5 discount discount NN work_n27ihsbkpjfo3ankjp6zxbhpsi 129 6 rates rate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 129 7 that that WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 129 8 make make VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 129 9 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 129 10 contestant contestant JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 129 11 indifferent indifferent NN work_n27ihsbkpjfo3ankjp6zxbhpsi 129 12 between between IN work_n27ihsbkpjfo3ankjp6zxbhpsi 129 13 gambling gamble VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 129 14 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 129 15 keeping keep VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 129 16 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 129 17 sure sure JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 129 18 prospect prospect NN work_n27ihsbkpjfo3ankjp6zxbhpsi 129 19 at at IN work_n27ihsbkpjfo3ankjp6zxbhpsi 129 20 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 129 21 various various JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 129 22 deci- deci- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 129 23 sion sion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 129 24 nodes node NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 129 25 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 130 1 As as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 130 2 shown show VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 130 3 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 130 4 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 130 5 sufficiently sufficiently RB work_n27ihsbkpjfo3ankjp6zxbhpsi 130 6 low low JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 130 7 discount discount NN work_n27ihsbkpjfo3ankjp6zxbhpsi 130 8 rates rate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 130 9 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 130 10 r r NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 130 11 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 130 12 10.014 10.014 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 130 13 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 130 14 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 130 15 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 130 16 it -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 130 17 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 130 18 optimal optimal JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 130 19 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 130 20 gamble gamble VB work_n27ihsbkpjfo3ankjp6zxbhpsi 130 21 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 130 22 any any DT work_n27ihsbkpjfo3ankjp6zxbhpsi 130 23 regime regime NN work_n27ihsbkpjfo3ankjp6zxbhpsi 130 24 at at IN work_n27ihsbkpjfo3ankjp6zxbhpsi 130 25 any any DT work_n27ihsbkpjfo3ankjp6zxbhpsi 130 26 decision decision NN work_n27ihsbkpjfo3ankjp6zxbhpsi 130 27 node node RB work_n27ihsbkpjfo3ankjp6zxbhpsi 130 28 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 130 29 both both CC work_n27ihsbkpjfo3ankjp6zxbhpsi 130 30 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 130 31 FR FR NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 130 32 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 130 33 BR2 BR2 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 130 34 contestant contestant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 130 35 types type NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 130 36 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 131 1 As as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 131 2 discounting discount VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 131 3 increases increase NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 131 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 131 5 some some DT work_n27ihsbkpjfo3ankjp6zxbhpsi 131 6 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 131 7 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 131 8 gambles gamble NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 131 9 ’ ’ POS work_n27ihsbkpjfo3ankjp6zxbhpsi 131 10 expected expect VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 131 11 values value NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 131 12 fall fall VB work_n27ihsbkpjfo3ankjp6zxbhpsi 131 13 below below IN work_n27ihsbkpjfo3ankjp6zxbhpsi 131 14 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 131 15 sure sure JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 131 16 prospects prospect NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 131 17 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 132 1 In in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 132 2 regimes regime NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 132 3 1 1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 132 4 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 132 5 2 2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 132 6 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 132 7 discount discount NN work_n27ihsbkpjfo3ankjp6zxbhpsi 132 8 rates rate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 132 9 must must MD work_n27ihsbkpjfo3ankjp6zxbhpsi 132 10 be be VB work_n27ihsbkpjfo3ankjp6zxbhpsi 132 11 very very RB work_n27ihsbkpjfo3ankjp6zxbhpsi 132 12 high high JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 132 13 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 132 14 above above IN work_n27ihsbkpjfo3ankjp6zxbhpsi 132 15 22 22 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 132 16 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 132 17 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 132 18 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 132 19 discourage discourage VB work_n27ihsbkpjfo3ankjp6zxbhpsi 132 20 indi- indi- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 132 21 viduals vidual NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 132 22 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 132 23 gambling gamble VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 132 24 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 133 1 This this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 133 2 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 133 3 because because IN work_n27ihsbkpjfo3ankjp6zxbhpsi 133 4 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 133 5 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 133 6 1 1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 133 7 million million CD work_n27ihsbkpjfo3ankjp6zxbhpsi 133 8 annuity annuity NN work_n27ihsbkpjfo3ankjp6zxbhpsi 133 9 payments payment NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 133 10 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 133 11 only only RB work_n27ihsbkpjfo3ankjp6zxbhpsi 133 12 spread spread VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 133 13 across across IN work_n27ihsbkpjfo3ankjp6zxbhpsi 133 14 10 10 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 133 15 years year NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 133 16 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 133 17 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 133 18 consolation consolation NN work_n27ihsbkpjfo3ankjp6zxbhpsi 133 19 prize prize NN work_n27ihsbkpjfo3ankjp6zxbhpsi 133 20 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 133 21 substantial substantial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 133 22 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 133 23 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 133 24 25,000 25,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 133 25 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 133 26 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 134 1 In in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 134 2 regimes regime NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 134 3 3 3 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 134 4 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 134 5 4 4 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 134 6 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 134 7 where where WRB work_n27ihsbkpjfo3ankjp6zxbhpsi 134 8 annuities annuity NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 134 9 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 134 10 paid pay VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 134 11 over over IN work_n27ihsbkpjfo3ankjp6zxbhpsi 134 12 20–25 20–25 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 134 13 years year NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 134 14 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 134 15 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 134 16 consolation consolation NN work_n27ihsbkpjfo3ankjp6zxbhpsi 134 17 prize prize NN work_n27ihsbkpjfo3ankjp6zxbhpsi 134 18 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 134 19 only only RB work_n27ihsbkpjfo3ankjp6zxbhpsi 134 20 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 134 21 1,000 1,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 134 22 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 134 23 lower low JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 134 24 discount discount NN work_n27ihsbkpjfo3ankjp6zxbhpsi 134 25 rates rate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 134 26 may may MD work_n27ihsbkpjfo3ankjp6zxbhpsi 134 27 induce induce VB work_n27ihsbkpjfo3ankjp6zxbhpsi 134 28 indi- indi- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 134 29 viduals vidual NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 134 30 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 134 31 take take VB work_n27ihsbkpjfo3ankjp6zxbhpsi 134 32 on on RP work_n27ihsbkpjfo3ankjp6zxbhpsi 134 33 various various JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 134 34 gambles.3 gambles.3 NN work_n27ihsbkpjfo3ankjp6zxbhpsi 134 35 All all DT work_n27ihsbkpjfo3ankjp6zxbhpsi 134 36 earnings earning NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 134 37 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 134 38 taxable taxable JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 134 39 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 135 1 Given give VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 135 2 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 135 3 amounts amount NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 135 4 at at IN work_n27ihsbkpjfo3ankjp6zxbhpsi 135 5 stake stake NN work_n27ihsbkpjfo3ankjp6zxbhpsi 135 6 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 135 7 as as RB work_n27ihsbkpjfo3ankjp6zxbhpsi 135 8 long long RB work_n27ihsbkpjfo3ankjp6zxbhpsi 135 9 as as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 135 10 marginal marginal JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 135 11 tax tax NN work_n27ihsbkpjfo3ankjp6zxbhpsi 135 12 rates rate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 135 13 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 135 14 constant constant JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 135 15 over over IN work_n27ihsbkpjfo3ankjp6zxbhpsi 135 16 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 135 17 annuity annuity NN work_n27ihsbkpjfo3ankjp6zxbhpsi 135 18 payments payment NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 135 19 ’ ’ POS work_n27ihsbkpjfo3ankjp6zxbhpsi 135 20 horizon horizon NN work_n27ihsbkpjfo3ankjp6zxbhpsi 135 21 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 135 22 decisions decision NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 135 23 should should MD work_n27ihsbkpjfo3ankjp6zxbhpsi 135 24 be be VB work_n27ihsbkpjfo3ankjp6zxbhpsi 135 25 tax tax NN work_n27ihsbkpjfo3ankjp6zxbhpsi 135 26 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 135 27 neutral neutral JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 135 28 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 136 1 We -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 136 2 also also RB work_n27ihsbkpjfo3ankjp6zxbhpsi 136 3 assume assume VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 136 4 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 136 5 constant constant JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 136 6 inflation inflation NN work_n27ihsbkpjfo3ankjp6zxbhpsi 136 7 rate rate NN work_n27ihsbkpjfo3ankjp6zxbhpsi 136 8 over over IN work_n27ihsbkpjfo3ankjp6zxbhpsi 136 9 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 136 10 annuity annuity NN work_n27ihsbkpjfo3ankjp6zxbhpsi 136 11 horizon horizon NN work_n27ihsbkpjfo3ankjp6zxbhpsi 136 12 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 137 1 Thus thus RB work_n27ihsbkpjfo3ankjp6zxbhpsi 137 2 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 137 3 discount discount NN work_n27ihsbkpjfo3ankjp6zxbhpsi 137 4 rates rate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 137 5 may may MD work_n27ihsbkpjfo3ankjp6zxbhpsi 137 6 be be VB work_n27ihsbkpjfo3ankjp6zxbhpsi 137 7 interpreted interpret VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 137 8 as as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 137 9 real real JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 137 10 discount discount NN work_n27ihsbkpjfo3ankjp6zxbhpsi 137 11 rates rate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 137 12 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 138 1 4 4 LS work_n27ihsbkpjfo3ankjp6zxbhpsi 138 2 A a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 138 3 further further JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 138 4 possibility possibility NN work_n27ihsbkpjfo3ankjp6zxbhpsi 138 5 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 138 6 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 138 7 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 138 8 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 138 9 unaware unaware JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 138 10 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 138 11 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 138 12 annuity annuity NN work_n27ihsbkpjfo3ankjp6zxbhpsi 138 13 system system NN work_n27ihsbkpjfo3ankjp6zxbhpsi 138 14 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 138 15 or or CC work_n27ihsbkpjfo3ankjp6zxbhpsi 138 16 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 138 17 their -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 138 18 decision decision NN work_n27ihsbkpjfo3ankjp6zxbhpsi 138 19 frames frame NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 138 20 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 138 21 affected affect VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 138 22 by by IN work_n27ihsbkpjfo3ankjp6zxbhpsi 138 23 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 138 24 fact fact NN work_n27ihsbkpjfo3ankjp6zxbhpsi 138 25 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 138 26 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 138 27 1 1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 138 28 million million CD work_n27ihsbkpjfo3ankjp6zxbhpsi 138 29 winners winner NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 138 30 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 138 31 presented present VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 138 32 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 138 33 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 138 34 large large JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 138 35 symbolic symbolic JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 138 36 check check NN work_n27ihsbkpjfo3ankjp6zxbhpsi 138 37 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 138 38 that that DT work_n27ihsbkpjfo3ankjp6zxbhpsi 138 39 amount amount NN work_n27ihsbkpjfo3ankjp6zxbhpsi 138 40 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 139 1 5 5 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 139 2 A a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 139 3 variety variety NN work_n27ihsbkpjfo3ankjp6zxbhpsi 139 4 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 139 5 other other JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 139 6 decision decision NN work_n27ihsbkpjfo3ankjp6zxbhpsi 139 7 problems problem NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 139 8 involving involve VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 139 9 time time NN work_n27ihsbkpjfo3ankjp6zxbhpsi 139 10 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 139 11 delayed delay VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 139 12 payoffs payoff NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 139 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 139 14 but but CC work_n27ihsbkpjfo3ankjp6zxbhpsi 139 15 not not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 139 16 streams stream NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 139 17 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 139 18 payoffs payoff NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 139 19 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 139 20 actually actually RB work_n27ihsbkpjfo3ankjp6zxbhpsi 139 21 show show VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 139 22 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 139 23 individuals individual NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 139 24 may may MD work_n27ihsbkpjfo3ankjp6zxbhpsi 139 25 overdis- overdis- IN work_n27ihsbkpjfo3ankjp6zxbhpsi 139 26 count count JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 139 27 future future JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 139 28 payoffs payoff NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 139 29 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 140 1 However however RB work_n27ihsbkpjfo3ankjp6zxbhpsi 140 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 140 3 financial financial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 140 4 companies company NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 140 5 openly openly RB work_n27ihsbkpjfo3ankjp6zxbhpsi 140 6 advertise advertise VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 140 7 their -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 140 8 readiness readiness NN work_n27ihsbkpjfo3ankjp6zxbhpsi 140 9 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 140 10 convert convert VB work_n27ihsbkpjfo3ankjp6zxbhpsi 140 11 lottery lottery NN work_n27ihsbkpjfo3ankjp6zxbhpsi 140 12 annuity annuity NN work_n27ihsbkpjfo3ankjp6zxbhpsi 140 13 payments payment NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 140 14 into into IN work_n27ihsbkpjfo3ankjp6zxbhpsi 140 15 lump lump NN work_n27ihsbkpjfo3ankjp6zxbhpsi 140 16 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 140 17 sum sum NN work_n27ihsbkpjfo3ankjp6zxbhpsi 140 18 payoffs payoff NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 140 19 at at IN work_n27ihsbkpjfo3ankjp6zxbhpsi 140 20 discount discount NN work_n27ihsbkpjfo3ankjp6zxbhpsi 140 21 rates rate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 140 22 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 140 23 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 140 24 8%–10 8%–10 NN work_n27ihsbkpjfo3ankjp6zxbhpsi 140 25 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 140 26 range range NN work_n27ihsbkpjfo3ankjp6zxbhpsi 140 27 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 141 1 Thus thus RB work_n27ihsbkpjfo3ankjp6zxbhpsi 141 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 141 3 overdiscounting overdiscounte VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 141 4 appears appear VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 141 5 unlikely unlikely JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 141 6 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 141 7 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 141 8 problem problem NN work_n27ihsbkpjfo3ankjp6zxbhpsi 141 9 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 142 1 6 6 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 142 2 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 142 3 authors author NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 142 4 conducted conduct VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 142 5 an an DT work_n27ihsbkpjfo3ankjp6zxbhpsi 142 6 experiment experiment NN work_n27ihsbkpjfo3ankjp6zxbhpsi 142 7 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 142 8 gain gain VB work_n27ihsbkpjfo3ankjp6zxbhpsi 142 9 insight insight NN work_n27ihsbkpjfo3ankjp6zxbhpsi 142 10 into into IN work_n27ihsbkpjfo3ankjp6zxbhpsi 142 11 this this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 142 12 issue issue NN work_n27ihsbkpjfo3ankjp6zxbhpsi 142 13 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 143 1 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 143 2 Hoosier Hoosier NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 143 3 Millionaire Millionaire NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 143 4 regime regime NN work_n27ihsbkpjfo3ankjp6zxbhpsi 143 5 4 4 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 143 6 decision decision NN work_n27ihsbkpjfo3ankjp6zxbhpsi 143 7 problem problem NN work_n27ihsbkpjfo3ankjp6zxbhpsi 143 8 was be VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 143 9 given give VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 143 10 as as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 143 11 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 143 12 final final JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 143 13 exam exam NN work_n27ihsbkpjfo3ankjp6zxbhpsi 143 14 question question NN work_n27ihsbkpjfo3ankjp6zxbhpsi 143 15 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 143 16 two two CD work_n27ihsbkpjfo3ankjp6zxbhpsi 143 17 different different JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 143 18 courses course NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 143 19 : : : work_n27ihsbkpjfo3ankjp6zxbhpsi 143 20 first first JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 143 21 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 143 22 year year NN work_n27ihsbkpjfo3ankjp6zxbhpsi 143 23 MBA MBA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 143 24 Microeconomics Microeconomics NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 143 25 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 143 26 senior senior JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 143 27 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 143 28 level level NN work_n27ihsbkpjfo3ankjp6zxbhpsi 143 29 Risk Risk NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 143 30 Management Management NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 143 31 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 143 32 Insurance Insurance NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 143 33 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 144 1 Whereas whereas IN work_n27ihsbkpjfo3ankjp6zxbhpsi 144 2 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 144 3 MBA MBA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 144 4 students student NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 144 5 had have VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 144 6 been be VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 144 7 exposed expose VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 144 8 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 144 9 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 144 10 concept concept NN work_n27ihsbkpjfo3ankjp6zxbhpsi 144 11 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 144 12 backward backward JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 144 13 induction induction NN work_n27ihsbkpjfo3ankjp6zxbhpsi 144 14 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 144 15 seniors senior NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 144 16 were be VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 144 17 mostly mostly RB work_n27ihsbkpjfo3ankjp6zxbhpsi 144 18 unfamiliar unfamiliar JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 144 19 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 144 20 it -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 144 21 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 145 1 Our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 145 2 results result NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 145 3 show show VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 145 4 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 145 5 8 8 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 145 6 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 145 7 8.9 8.9 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 145 8 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 145 9 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 145 10 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 145 11 90 90 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 145 12 MBA MBA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 145 13 students student NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 145 14 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 145 15 7 7 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 145 16 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 145 17 11.7 11.7 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 145 18 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 145 19 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 145 20 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 145 21 60 60 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 145 22 seniors senior NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 145 23 used use VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 145 24 backward backward JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 145 25 induction induction NN work_n27ihsbkpjfo3ankjp6zxbhpsi 145 26 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 145 27 solve solve VB work_n27ihsbkpjfo3ankjp6zxbhpsi 145 28 this this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 145 29 problem problem NN work_n27ihsbkpjfo3ankjp6zxbhpsi 145 30 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 146 1 THE the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 146 2 REVIEW REVIEW NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 146 3 OF of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 146 4 ECONOMICS ECONOMICS NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 146 5 AND and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 146 6 STATISTICS220 STATISTICS220 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 146 7 B. B. NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 147 1 Risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 147 2 Aversion7 Aversion7 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 147 3 To to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 147 4 make make VB work_n27ihsbkpjfo3ankjp6zxbhpsi 147 5 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 147 6 results result NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 147 7 comparable comparable JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 147 8 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 147 9 those those DT work_n27ihsbkpjfo3ankjp6zxbhpsi 147 10 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 147 11 previous previous JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 147 12 studies study NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 147 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 147 14 we -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 147 15 assume assume VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 147 16 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 147 17 Hoosier Hoosier NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 147 18 Millionaire Millionaire NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 147 19 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 147 20 display display VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 147 21 one one CD work_n27ihsbkpjfo3ankjp6zxbhpsi 147 22 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 147 23 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 147 24 following follow VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 147 25 two two CD work_n27ihsbkpjfo3ankjp6zxbhpsi 147 26 types type NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 147 27 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 147 28 preferences preference NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 147 29 : : : work_n27ihsbkpjfo3ankjp6zxbhpsi 147 30 Constant constant JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 147 31 Absolute absolute JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 147 32 Risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 147 33 Aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 147 34 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 147 35 CARA CARA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 147 36 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 147 37 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 148 1 These these DT work_n27ihsbkpjfo3ankjp6zxbhpsi 148 2 prefer- prefer- JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 148 3 ences ence NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 148 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 148 5 which which WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 148 6 imply imply VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 148 7 increasing increase VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 148 8 relative relative JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 148 9 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 148 10 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 148 11 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 148 12 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 148 13 often often RB work_n27ihsbkpjfo3ankjp6zxbhpsi 148 14 assumed assume VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 148 15 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 148 16 studies study NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 148 17 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 148 18 individual individual JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 148 19 decision decision NN work_n27ihsbkpjfo3ankjp6zxbhpsi 148 20 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 148 21 making making NN work_n27ihsbkpjfo3ankjp6zxbhpsi 148 22 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 149 1 Their -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 149 2 generic generic JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 149 3 utility utility NN work_n27ihsbkpjfo3ankjp6zxbhpsi 149 4 representation representation NN work_n27ihsbkpjfo3ankjp6zxbhpsi 149 5 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 149 6 U U NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 149 7 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 149 8 W W NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 149 9 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 149 10 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 149 11 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 149 12 e e CD work_n27ihsbkpjfo3ankjp6zxbhpsi 149 13 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 149 14 aW aW NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 149 15 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 149 16 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 149 17 1 1 LS work_n27ihsbkpjfo3ankjp6zxbhpsi 149 18 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 149 19 where where WRB work_n27ihsbkpjfo3ankjp6zxbhpsi 149 20 W w NN work_n27ihsbkpjfo3ankjp6zxbhpsi 149 21 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 149 22 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 149 23 individual individual NN work_n27ihsbkpjfo3ankjp6zxbhpsi 149 24 ’s ’s POS work_n27ihsbkpjfo3ankjp6zxbhpsi 149 25 wealth wealth NN work_n27ihsbkpjfo3ankjp6zxbhpsi 149 26 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 149 27 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 149 28 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 149 29 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 149 30 coefficient coefficient NN work_n27ihsbkpjfo3ankjp6zxbhpsi 149 31 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 149 32 absolute absolute JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 149 33 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 149 34 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 149 35 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 149 36 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 149 37 aW aW NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 149 38 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 149 39 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 149 40 coefficient coefficient NN work_n27ihsbkpjfo3ankjp6zxbhpsi 149 41 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 149 42 relative relative JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 149 43 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 149 44 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 149 45 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 150 1 This this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 150 2 formulation formulation NN work_n27ihsbkpjfo3ankjp6zxbhpsi 150 3 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 150 4 convenient convenient JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 150 5 because because IN work_n27ihsbkpjfo3ankjp6zxbhpsi 150 6 it -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 150 7 allows allow VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 150 8 one one PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 150 9 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 150 10 calculate calculate VB work_n27ihsbkpjfo3ankjp6zxbhpsi 150 11 absolute absolute JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 150 12 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 150 13 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 150 14 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 150 15 coefficients coefficient NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 150 16 without without IN work_n27ihsbkpjfo3ankjp6zxbhpsi 150 17 any any DT work_n27ihsbkpjfo3ankjp6zxbhpsi 150 18 wealth wealth NN work_n27ihsbkpjfo3ankjp6zxbhpsi 150 19 information information NN work_n27ihsbkpjfo3ankjp6zxbhpsi 150 20 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 151 1 Constant constant JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 151 2 Relative relative JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 151 3 Risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 151 4 Aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 151 5 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 151 6 CRRA CRRA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 151 7 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 151 8 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 152 1 These these DT work_n27ihsbkpjfo3ankjp6zxbhpsi 152 2 prefer- prefer- JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 152 3 ences ence NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 152 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 152 5 which which WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 152 6 imply imply VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 152 7 decreasing decrease VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 152 8 absolute absolute JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 152 9 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 152 10 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 152 11 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 152 12 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 152 13 commonly commonly RB work_n27ihsbkpjfo3ankjp6zxbhpsi 152 14 used use VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 152 15 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 152 16 macro macro NN work_n27ihsbkpjfo3ankjp6zxbhpsi 152 17 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 152 18 asset asset NN work_n27ihsbkpjfo3ankjp6zxbhpsi 152 19 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 152 20 pricing pricing NN work_n27ihsbkpjfo3ankjp6zxbhpsi 152 21 studies study NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 152 22 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 153 1 Their -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 153 2 generic generic JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 153 3 utility utility NN work_n27ihsbkpjfo3ankjp6zxbhpsi 153 4 representation representation NN work_n27ihsbkpjfo3ankjp6zxbhpsi 153 5 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 153 6 U U NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 153 7 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 153 8 W W NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 153 9 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 153 10 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 153 11 W1 W1 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 153 12 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 153 13 b b NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 153 14 1 1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 153 15 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 153 16 b b NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 153 17 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 153 18 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 153 19 2 2 LS work_n27ihsbkpjfo3ankjp6zxbhpsi 153 20 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 153 21 where where WRB work_n27ihsbkpjfo3ankjp6zxbhpsi 153 22 W w NN work_n27ihsbkpjfo3ankjp6zxbhpsi 153 23 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 153 24 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 153 25 individual individual NN work_n27ihsbkpjfo3ankjp6zxbhpsi 153 26 ’s ’s POS work_n27ihsbkpjfo3ankjp6zxbhpsi 153 27 wealth wealth NN work_n27ihsbkpjfo3ankjp6zxbhpsi 153 28 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 153 29 b b NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 153 30 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 153 31 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 153 32 coefficient coefficient NN work_n27ihsbkpjfo3ankjp6zxbhpsi 153 33 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 153 34 relative relative JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 153 35 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 153 36 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 153 37 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 153 38 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 153 39 b b NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 153 40 / / SYM work_n27ihsbkpjfo3ankjp6zxbhpsi 153 41 W W NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 153 42 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 153 43 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 153 44 coefficient coefficient NN work_n27ihsbkpjfo3ankjp6zxbhpsi 153 45 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 153 46 absolute absolute JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 153 47 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 153 48 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 153 49 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 154 1 Since since IN work_n27ihsbkpjfo3ankjp6zxbhpsi 154 2 this this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 154 3 formulation formulation NN work_n27ihsbkpjfo3ankjp6zxbhpsi 154 4 implies imply VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 154 5 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 154 6 risk risk VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 154 7 aver- aver- JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 154 8 sion sion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 154 9 depends depend VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 154 10 on on IN work_n27ihsbkpjfo3ankjp6zxbhpsi 154 11 wealth wealth NN work_n27ihsbkpjfo3ankjp6zxbhpsi 154 12 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 154 13 we -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 154 14 must must MD work_n27ihsbkpjfo3ankjp6zxbhpsi 154 15 know know VB work_n27ihsbkpjfo3ankjp6zxbhpsi 154 16 something something NN work_n27ihsbkpjfo3ankjp6zxbhpsi 154 17 about about IN work_n27ihsbkpjfo3ankjp6zxbhpsi 154 18 that that DT work_n27ihsbkpjfo3ankjp6zxbhpsi 154 19 variable variable NN work_n27ihsbkpjfo3ankjp6zxbhpsi 154 20 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 154 21 make make VB work_n27ihsbkpjfo3ankjp6zxbhpsi 154 22 meaningful meaningful JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 154 23 inferences inference NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 154 24 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 155 1 Given give VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 155 2 lack lack NN work_n27ihsbkpjfo3ankjp6zxbhpsi 155 3 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 155 4 comprehensive comprehensive JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 155 5 wealth wealth NN work_n27ihsbkpjfo3ankjp6zxbhpsi 155 6 information information NN work_n27ihsbkpjfo3ankjp6zxbhpsi 155 7 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 155 8 we -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 155 9 make make VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 155 10 alternative alternative JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 155 11 7 7 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 155 12 It -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 155 13 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 155 14 well well RB work_n27ihsbkpjfo3ankjp6zxbhpsi 155 15 known know VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 155 16 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 155 17 expected expect VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 155 18 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 155 19 utility utility NN work_n27ihsbkpjfo3ankjp6zxbhpsi 155 20 theory theory NN work_n27ihsbkpjfo3ankjp6zxbhpsi 155 21 fails fail VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 155 22 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 155 23 account account VB work_n27ihsbkpjfo3ankjp6zxbhpsi 155 24 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 155 25 some some DT work_n27ihsbkpjfo3ankjp6zxbhpsi 155 26 empirical empirical JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 155 27 regularities regularity NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 155 28 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 155 29 decision decision NN work_n27ihsbkpjfo3ankjp6zxbhpsi 155 30 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 155 31 making make VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 155 32 under under IN work_n27ihsbkpjfo3ankjp6zxbhpsi 155 33 uncertainty uncertainty NN work_n27ihsbkpjfo3ankjp6zxbhpsi 155 34 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 156 1 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 156 2 most most RBS work_n27ihsbkpjfo3ankjp6zxbhpsi 156 3 impor- impor- JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 156 4 tant tant JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 156 5 two two CD work_n27ihsbkpjfo3ankjp6zxbhpsi 156 6 violations violation NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 156 7 relate relate VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 156 8 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 156 9 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 156 10 decision decision NN work_n27ihsbkpjfo3ankjp6zxbhpsi 156 11 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 156 12 makers maker NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 156 13 ’ ' '' work_n27ihsbkpjfo3ankjp6zxbhpsi 156 14 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 156 15 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 156 16 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 156 17 asymmetric asymmetric JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 156 18 evaluations evaluation NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 156 19 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 156 20 gains gain NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 156 21 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 156 22 losses loss NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 156 23 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 156 24 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 156 25 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 156 26 b b NN work_n27ihsbkpjfo3ankjp6zxbhpsi 156 27 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 156 28 use use NN work_n27ihsbkpjfo3ankjp6zxbhpsi 156 29 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 156 30 decision decision NN work_n27ihsbkpjfo3ankjp6zxbhpsi 156 31 weights weight NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 156 32 instead instead RB work_n27ihsbkpjfo3ankjp6zxbhpsi 156 33 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 156 34 probabilities probability NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 156 35 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 157 1 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 157 2 decisions decision NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 157 3 we -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 157 4 analyze analyze VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 157 5 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 157 6 such such JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 157 7 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 157 8 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 157 9 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 157 10 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 157 11 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 157 12 absent absent JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 157 13 because because IN work_n27ihsbkpjfo3ankjp6zxbhpsi 157 14 there there EX work_n27ihsbkpjfo3ankjp6zxbhpsi 157 15 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 157 16 no no DT work_n27ihsbkpjfo3ankjp6zxbhpsi 157 17 losses loss NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 157 18 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 157 19 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 157 20 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 157 21 influence influence NN work_n27ihsbkpjfo3ankjp6zxbhpsi 157 22 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 157 23 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 157 24 b b NN work_n27ihsbkpjfo3ankjp6zxbhpsi 157 25 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 157 26 should should MD work_n27ihsbkpjfo3ankjp6zxbhpsi 157 27 be be VB work_n27ihsbkpjfo3ankjp6zxbhpsi 157 28 minimal minimal JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 157 29 due due IN work_n27ihsbkpjfo3ankjp6zxbhpsi 157 30 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 157 31 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 157 32 simple simple JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 157 33 probability probability NN work_n27ihsbkpjfo3ankjp6zxbhpsi 157 34 structure structure NN work_n27ihsbkpjfo3ankjp6zxbhpsi 157 35 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 157 36 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 157 37 gambles gamble NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 157 38 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 158 1 In in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 158 2 addition addition NN work_n27ihsbkpjfo3ankjp6zxbhpsi 158 3 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 158 4 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 158 5 recent recent JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 158 6 papers paper NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 158 7 by by IN work_n27ihsbkpjfo3ankjp6zxbhpsi 158 8 Rabin Rabin NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 158 9 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 158 10 2000a 2000a CD work_n27ihsbkpjfo3ankjp6zxbhpsi 158 11 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 158 12 2000b 2000b CD work_n27ihsbkpjfo3ankjp6zxbhpsi 158 13 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 158 14 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 158 15 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 158 16 Rabin Rabin NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 158 17 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 158 18 Thaler Thaler NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 158 19 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 158 20 2001 2001 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 158 21 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 158 22 conclude conclude VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 158 23 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 158 24 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 158 25 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 158 26 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 158 27 results result NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 158 28 based base VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 158 29 on on IN work_n27ihsbkpjfo3ankjp6zxbhpsi 158 30 expected expect VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 158 31 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 158 32 utility utility NN work_n27ihsbkpjfo3ankjp6zxbhpsi 158 33 theory theory NN work_n27ihsbkpjfo3ankjp6zxbhpsi 158 34 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 158 35 most most RBS work_n27ihsbkpjfo3ankjp6zxbhpsi 158 36 accurate accurate JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 158 37 when when WRB work_n27ihsbkpjfo3ankjp6zxbhpsi 158 38 they -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 158 39 pertain pertain VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 158 40 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 158 41 decisions decision NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 158 42 involving involve VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 158 43 large large JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 158 44 stakes stake NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 158 45 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 158 46 such such JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 158 47 as as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 158 48 those those DT work_n27ihsbkpjfo3ankjp6zxbhpsi 158 49 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 158 50 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 158 51 games game NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 158 52 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 159 1 Thus thus RB work_n27ihsbkpjfo3ankjp6zxbhpsi 159 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 159 3 we -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 159 4 feel feel VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 159 5 comfortable comfortable JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 159 6 staying stay VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 159 7 within within IN work_n27ihsbkpjfo3ankjp6zxbhpsi 159 8 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 159 9 expected expect VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 159 10 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 159 11 utility utility NN work_n27ihsbkpjfo3ankjp6zxbhpsi 159 12 framework framework NN work_n27ihsbkpjfo3ankjp6zxbhpsi 159 13 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 160 1 FIGURE FIGURE NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 160 2 1.—REGIME 1.—REGIME NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 160 3 3 3 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 160 4 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 160 5 1 1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 160 6 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 160 7 N n NN work_n27ihsbkpjfo3ankjp6zxbhpsi 160 8 stands stand VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 160 9 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 160 10 nature nature NN work_n27ihsbkpjfo3ankjp6zxbhpsi 160 11 ; ; : work_n27ihsbkpjfo3ankjp6zxbhpsi 160 12 ① ① CD work_n27ihsbkpjfo3ankjp6zxbhpsi 160 13 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 160 14 ② ② CD work_n27ihsbkpjfo3ankjp6zxbhpsi 160 15 represent represent VB work_n27ihsbkpjfo3ankjp6zxbhpsi 160 16 relevant relevant JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 160 17 subgames subgame NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 160 18 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 161 1 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 161 2 2 2 LS work_n27ihsbkpjfo3ankjp6zxbhpsi 161 3 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 161 4 All all DT work_n27ihsbkpjfo3ankjp6zxbhpsi 161 5 payments payment NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 161 6 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 161 7 lump lump NN work_n27ihsbkpjfo3ankjp6zxbhpsi 161 8 sum sum NN work_n27ihsbkpjfo3ankjp6zxbhpsi 161 9 except except IN work_n27ihsbkpjfo3ankjp6zxbhpsi 161 10 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 161 11 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 161 12 1,000,000 1,000,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 161 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 161 14 which which WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 161 15 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 161 16 paid pay VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 161 17 as as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 161 18 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 161 19 20-year 20-year CD work_n27ihsbkpjfo3ankjp6zxbhpsi 161 20 annuity annuity NN work_n27ihsbkpjfo3ankjp6zxbhpsi 161 21 due due JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 161 22 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 162 1 FIGURE FIGURE NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 162 2 2.—REGIME 2.—REGIME NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 162 3 4 4 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 162 4 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 162 5 1 1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 162 6 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 162 7 N n NN work_n27ihsbkpjfo3ankjp6zxbhpsi 162 8 stands stand VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 162 9 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 162 10 nature nature NN work_n27ihsbkpjfo3ankjp6zxbhpsi 162 11 ; ; : work_n27ihsbkpjfo3ankjp6zxbhpsi 162 12 ① ① CD work_n27ihsbkpjfo3ankjp6zxbhpsi 162 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 162 14 ② ② CD work_n27ihsbkpjfo3ankjp6zxbhpsi 162 15 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 162 16 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 162 17 ③ ③ CD work_n27ihsbkpjfo3ankjp6zxbhpsi 162 18 represent represent VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 162 19 relevant relevant JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 162 20 subgames subgame NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 162 21 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 163 1 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 163 2 2 2 LS work_n27ihsbkpjfo3ankjp6zxbhpsi 163 3 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 163 4 All all DT work_n27ihsbkpjfo3ankjp6zxbhpsi 163 5 payments payment NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 163 6 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 163 7 lump lump NN work_n27ihsbkpjfo3ankjp6zxbhpsi 163 8 sum sum NN work_n27ihsbkpjfo3ankjp6zxbhpsi 163 9 except except IN work_n27ihsbkpjfo3ankjp6zxbhpsi 163 10 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 163 11 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 163 12 1,000,000 1,000,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 163 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 163 14 which which WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 163 15 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 163 16 paid pay VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 163 17 as as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 163 18 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 163 19 25-year 25-year CD work_n27ihsbkpjfo3ankjp6zxbhpsi 163 20 annuity annuity NN work_n27ihsbkpjfo3ankjp6zxbhpsi 163 21 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 164 1 TABLE table NN work_n27ihsbkpjfo3ankjp6zxbhpsi 164 2 1.—DISCOUNT 1.—discount NN work_n27ihsbkpjfo3ankjp6zxbhpsi 164 3 RATES rate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 164 4 THAT that WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 164 5 MAKE make VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 164 6 A a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 164 7 RISK risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 164 8 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 164 9 NEUTRAL neutral NN work_n27ihsbkpjfo3ankjp6zxbhpsi 164 10 CONTESTANT contestant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 164 11 INDIFFERENT indifferent NN work_n27ihsbkpjfo3ankjp6zxbhpsi 164 12 BETWEEN between IN work_n27ihsbkpjfo3ankjp6zxbhpsi 164 13 TAKING take VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 164 14 AND and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 164 15 NOT not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 164 16 TAKING take VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 164 17 THE the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 164 18 GAMBLE GAMBLE NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 164 19 Regime Regime NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 164 20 Rate Rate NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 164 21 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 164 22 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 164 23 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 164 24 Fully Fully NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 164 25 Rational Rational NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 164 26 Contestants Contestants NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 164 27 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 164 28 Subgame Subgame NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 164 29 1 1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 164 30 Boundedly Boundedly NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 164 31 Rational-2 Rational-2 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 164 32 Contestants Contestants NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 164 33 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 164 34 Subgame Subgame NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 164 35 1 1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 164 36 Fully Fully NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 164 37 Rational rational JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 164 38 Contestants Contestants NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 164 39 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 164 40 Subgame Subgame NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 164 41 2 2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 164 42 Fully Fully NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 164 43 Rational rational JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 164 44 Contestants Contestants NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 164 45 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 164 46 Subgame Subgame NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 164 47 3 3 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 164 48 1.1 1.1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 164 49 10.0 10.0 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 164 50 10.0 10.0 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 164 51 1.33268 1.33268 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 164 52 N.a N.a NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 164 53 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 165 1 1.2 1.2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 165 2 1.33268 1.33268 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 165 3 0.79588 0.79588 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 165 4 10.0 10.0 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 165 5 N.a N.a NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 165 6 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 166 1 2.1 2.1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 166 2 1.33268 1.33268 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 166 3 10.00 10.00 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 166 4 0.33699 0.33699 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 166 5 N.a N.a NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 166 6 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 167 1 2.2 2.2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 167 2 0.33699 0.33699 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 167 3 0.22315 0.22315 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 167 4 1.33268 1.33268 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 167 5 N.a N.a NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 167 6 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 168 1 3.1 3.1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 168 2 0.19388 0.19388 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 168 3 0.24749 0.24749 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 168 4 0.12897 0.12897 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 168 5 N.a N.a NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 168 6 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 169 1 3.2 3.2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 169 2 0.12897 0.12897 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 169 3 0.10722 0.10722 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 169 4 0.19388 0.19388 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 169 5 N.a N.a NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 169 6 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 170 1 4.0 4.0 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 170 2 0.25039 0.25039 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 170 3 4.44444 4.44444 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 170 4 N.a N.a NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 170 5 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 171 1 N.a N.a NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 171 2 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 172 1 4.1 4.1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 172 2 N.a N.a NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 172 3 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 173 1 N.a N.a NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 173 2 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 174 1 0.14892 0.14892 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 174 2 0.10014 0.10014 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 174 3 4.2 4.2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 174 4 N.a N.a NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 174 5 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 175 1 N.a N.a NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 175 2 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 176 1 0.10014 0.10014 LS work_n27ihsbkpjfo3ankjp6zxbhpsi 176 2 0.14892 0.14892 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 176 3 Each each DT work_n27ihsbkpjfo3ankjp6zxbhpsi 176 4 regime regime NN work_n27ihsbkpjfo3ankjp6zxbhpsi 176 5 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 176 6 indexed index VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 176 7 by by IN work_n27ihsbkpjfo3ankjp6zxbhpsi 176 8 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 176 9 value value NN work_n27ihsbkpjfo3ankjp6zxbhpsi 176 10 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 176 11 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 176 12 contestant contestant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 176 13 ’s ’s POS work_n27ihsbkpjfo3ankjp6zxbhpsi 176 14 first first JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 176 15 draw draw NN work_n27ihsbkpjfo3ankjp6zxbhpsi 176 16 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 177 1 A a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 177 2 .1 .1 NN work_n27ihsbkpjfo3ankjp6zxbhpsi 177 3 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 177 4 .2 .2 NFP work_n27ihsbkpjfo3ankjp6zxbhpsi 177 5 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 177 6 extension extension NN work_n27ihsbkpjfo3ankjp6zxbhpsi 177 7 denotes denote VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 177 8 an an DT work_n27ihsbkpjfo3ankjp6zxbhpsi 177 9 initial initial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 177 10 draw draw NN work_n27ihsbkpjfo3ankjp6zxbhpsi 177 11 equal equal JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 177 12 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 177 13 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 177 14 higher high JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 177 15 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 177 16 lower low JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 177 17 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 177 18 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 177 19 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 177 20 two two CD work_n27ihsbkpjfo3ankjp6zxbhpsi 177 21 intermediate intermediate JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 177 22 dollar dollar NN work_n27ihsbkpjfo3ankjp6zxbhpsi 177 23 prizes prize NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 177 24 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 178 1 Fully fully RB work_n27ihsbkpjfo3ankjp6zxbhpsi 178 2 rational rational JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 178 3 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 178 4 perform perform VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 178 5 backward backward JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 178 6 induction induction NN work_n27ihsbkpjfo3ankjp6zxbhpsi 178 7 at at IN work_n27ihsbkpjfo3ankjp6zxbhpsi 178 8 each each DT work_n27ihsbkpjfo3ankjp6zxbhpsi 178 9 decision decision NN work_n27ihsbkpjfo3ankjp6zxbhpsi 178 10 node node NN work_n27ihsbkpjfo3ankjp6zxbhpsi 178 11 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 178 12 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 178 13 tree tree NN work_n27ihsbkpjfo3ankjp6zxbhpsi 178 14 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 178 15 whereas whereas IN work_n27ihsbkpjfo3ankjp6zxbhpsi 178 16 boundedly boundedly RB work_n27ihsbkpjfo3ankjp6zxbhpsi 178 17 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 178 18 rational-2 rational-2 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 178 19 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 178 20 do do VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 178 21 not not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 178 22 perform perform VB work_n27ihsbkpjfo3ankjp6zxbhpsi 178 23 backward backward JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 178 24 induction induction NN work_n27ihsbkpjfo3ankjp6zxbhpsi 178 25 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 178 26 that that RB work_n27ihsbkpjfo3ankjp6zxbhpsi 178 27 is is RB work_n27ihsbkpjfo3ankjp6zxbhpsi 178 28 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 178 29 they -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 178 30 ignore ignore VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 178 31 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 178 32 option option NN work_n27ihsbkpjfo3ankjp6zxbhpsi 178 33 value value NN work_n27ihsbkpjfo3ankjp6zxbhpsi 178 34 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 178 35 continuing continue VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 178 36 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 178 37 play play VB work_n27ihsbkpjfo3ankjp6zxbhpsi 178 38 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 178 39 game game NN work_n27ihsbkpjfo3ankjp6zxbhpsi 178 40 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 178 41 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 179 1 Both both DT work_n27ihsbkpjfo3ankjp6zxbhpsi 179 2 fully fully RB work_n27ihsbkpjfo3ankjp6zxbhpsi 179 3 rational rational JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 179 4 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 179 5 boundedly boundedly JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 179 6 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 179 7 rational-2 rational-2 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 179 8 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 179 9 fully fully RB work_n27ihsbkpjfo3ankjp6zxbhpsi 179 10 discount discount VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 179 11 annuity annuity NN work_n27ihsbkpjfo3ankjp6zxbhpsi 179 12 payments payment NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 179 13 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 180 1 N.a N.a NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 180 2 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 181 1 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 181 2 nonappli- nonappli- NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 181 3 cable cable NN work_n27ihsbkpjfo3ankjp6zxbhpsi 181 4 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 182 1 NOTES NOTES NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 182 2 221 221 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 182 3 assumptions assumption NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 182 4 about about IN work_n27ihsbkpjfo3ankjp6zxbhpsi 182 5 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 182 6 reference reference NN work_n27ihsbkpjfo3ankjp6zxbhpsi 182 7 wealth wealth NN work_n27ihsbkpjfo3ankjp6zxbhpsi 182 8 level level NN work_n27ihsbkpjfo3ankjp6zxbhpsi 182 9 that that WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 182 10 individu- individu- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 182 11 als als UH work_n27ihsbkpjfo3ankjp6zxbhpsi 182 12 use use NN work_n27ihsbkpjfo3ankjp6zxbhpsi 182 13 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 182 14 make make VB work_n27ihsbkpjfo3ankjp6zxbhpsi 182 15 decisions decision NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 182 16 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 183 1 We -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 183 2 first first RB work_n27ihsbkpjfo3ankjp6zxbhpsi 183 3 use use VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 183 4 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 183 5 restrictive restrictive JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 183 6 defini- defini- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 183 7 tion tion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 183 8 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 183 9 wealth wealth NN work_n27ihsbkpjfo3ankjp6zxbhpsi 183 10 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 183 11 W0 w0 NN work_n27ihsbkpjfo3ankjp6zxbhpsi 183 12 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 183 13 encompassing encompass VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 183 14 only only RB work_n27ihsbkpjfo3ankjp6zxbhpsi 183 15 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 183 16 winnings winning NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 183 17 accu- accu- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 183 18 mulated mulate VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 183 19 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 183 20 Hoosier Hoosier NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 183 21 Millionaire Millionaire NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 183 22 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 184 1 This this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 184 2 partial partial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 184 3 asset asset NN work_n27ihsbkpjfo3ankjp6zxbhpsi 184 4 integration integration NN work_n27ihsbkpjfo3ankjp6zxbhpsi 184 5 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 184 6 decision decision NN work_n27ihsbkpjfo3ankjp6zxbhpsi 184 7 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 184 8 making making NN work_n27ihsbkpjfo3ankjp6zxbhpsi 184 9 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 184 10 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 184 11 some some DT work_n27ihsbkpjfo3ankjp6zxbhpsi 184 12 extent extent NN work_n27ihsbkpjfo3ankjp6zxbhpsi 184 13 consistent consistent JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 184 14 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 184 15 Kahneman Kahneman NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 184 16 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 184 17 Tversky Tversky NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 184 18 ’s ’s , work_n27ihsbkpjfo3ankjp6zxbhpsi 184 19 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 184 20 1979 1979 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 184 21 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 184 22 prospect prospect NN work_n27ihsbkpjfo3ankjp6zxbhpsi 184 23 theory theory NN work_n27ihsbkpjfo3ankjp6zxbhpsi 184 24 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 185 1 As as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 185 2 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 185 3 test test NN work_n27ihsbkpjfo3ankjp6zxbhpsi 185 4 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 185 5 robustness robustness NN work_n27ihsbkpjfo3ankjp6zxbhpsi 185 6 we -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 185 7 will will MD work_n27ihsbkpjfo3ankjp6zxbhpsi 185 8 also also RB work_n27ihsbkpjfo3ankjp6zxbhpsi 185 9 use use VB work_n27ihsbkpjfo3ankjp6zxbhpsi 185 10 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 185 11 broader broad JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 185 12 wealth wealth NN work_n27ihsbkpjfo3ankjp6zxbhpsi 185 13 defini- defini- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 185 14 tion tion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 185 15 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 185 16 W1 W1 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 185 17 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 185 18 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 185 19 which which WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 185 20 includes include VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 185 21 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 185 22 median median JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 185 23 household household NN work_n27ihsbkpjfo3ankjp6zxbhpsi 185 24 income income NN work_n27ihsbkpjfo3ankjp6zxbhpsi 185 25 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 185 26 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 185 27 individual individual NN work_n27ihsbkpjfo3ankjp6zxbhpsi 185 28 ’s ’s POS work_n27ihsbkpjfo3ankjp6zxbhpsi 185 29 census census NN work_n27ihsbkpjfo3ankjp6zxbhpsi 185 30 tract tract NN work_n27ihsbkpjfo3ankjp6zxbhpsi 185 31 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 185 32 1990 1990 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 185 33 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 186 1 Table table NN work_n27ihsbkpjfo3ankjp6zxbhpsi 186 2 2 2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 186 3 shows show VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 186 4 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 186 5 values value NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 186 6 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 186 7 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 186 8 CARA CARA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 186 9 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 186 10 CRRA CRRA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 186 11 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 186 12 W0 w0 NN work_n27ihsbkpjfo3ankjp6zxbhpsi 186 13 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 186 14 parameters parameter NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 186 15 that that WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 186 16 make make VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 186 17 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 186 18 indifferent indifferent JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 186 19 between between IN work_n27ihsbkpjfo3ankjp6zxbhpsi 186 20 gam- gam- JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 186 21 bling ble VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 186 22 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 186 23 keeping keep VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 186 24 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 186 25 sure sure JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 186 26 prospect prospect NN work_n27ihsbkpjfo3ankjp6zxbhpsi 186 27 on on IN work_n27ihsbkpjfo3ankjp6zxbhpsi 186 28 every every DT work_n27ihsbkpjfo3ankjp6zxbhpsi 186 29 initial initial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 186 30 sub- sub- JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 186 31 game game NN work_n27ihsbkpjfo3ankjp6zxbhpsi 186 32 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 186 33 every every DT work_n27ihsbkpjfo3ankjp6zxbhpsi 186 34 regime regime NN work_n27ihsbkpjfo3ankjp6zxbhpsi 186 35 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 186 36 Hoosier Hoosier NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 186 37 Millionaire Millionaire NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 186 38 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 187 1 That that RB work_n27ihsbkpjfo3ankjp6zxbhpsi 187 2 is is RB work_n27ihsbkpjfo3ankjp6zxbhpsi 187 3 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 187 4 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 187 5 any any DT work_n27ihsbkpjfo3ankjp6zxbhpsi 187 6 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 187 7 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 187 8 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 187 9 parameter parameter NN work_n27ihsbkpjfo3ankjp6zxbhpsi 187 10 larger large JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 187 11 than than IN work_n27ihsbkpjfo3ankjp6zxbhpsi 187 12 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 187 13 given give VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 187 14 entry entry NN work_n27ihsbkpjfo3ankjp6zxbhpsi 187 15 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 187 16 this this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 187 17 table table NN work_n27ihsbkpjfo3ankjp6zxbhpsi 187 18 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 187 19 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 187 20 contestant contestant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 187 21 will will MD work_n27ihsbkpjfo3ankjp6zxbhpsi 187 22 prefer prefer VB work_n27ihsbkpjfo3ankjp6zxbhpsi 187 23 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 187 24 sure sure JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 187 25 prospect prospect NN work_n27ihsbkpjfo3ankjp6zxbhpsi 187 26 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 187 27 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 187 28 gamble gamble NN work_n27ihsbkpjfo3ankjp6zxbhpsi 187 29 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 188 1 As as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 188 2 expected expect VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 188 3 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 188 4 as as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 188 5 discounting discount VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 188 6 increases increase NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 188 7 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 188 8 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 188 9 value value NN work_n27ihsbkpjfo3ankjp6zxbhpsi 188 10 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 188 11 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 188 12 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 188 13 1,000,000 1,000,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 188 14 annuity annuity NN work_n27ihsbkpjfo3ankjp6zxbhpsi 188 15 payments payment NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 188 16 becomes become VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 188 17 small small JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 188 18 relative relative JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 188 19 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 188 20 that that DT work_n27ihsbkpjfo3ankjp6zxbhpsi 188 21 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 188 22 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 188 23 lump lump NN work_n27ihsbkpjfo3ankjp6zxbhpsi 188 24 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 188 25 sum sum NN work_n27ihsbkpjfo3ankjp6zxbhpsi 188 26 payoffs payoff NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 188 27 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 189 1 Thus thus RB work_n27ihsbkpjfo3ankjp6zxbhpsi 189 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 189 3 at at IN work_n27ihsbkpjfo3ankjp6zxbhpsi 189 4 some some DT work_n27ihsbkpjfo3ankjp6zxbhpsi 189 5 discount discount NN work_n27ihsbkpjfo3ankjp6zxbhpsi 189 6 rate rate NN work_n27ihsbkpjfo3ankjp6zxbhpsi 189 7 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 189 8 expected expect VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 189 9 value value NN work_n27ihsbkpjfo3ankjp6zxbhpsi 189 10 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 189 11 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 189 12 gamble gamble NN work_n27ihsbkpjfo3ankjp6zxbhpsi 189 13 becomes become VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 189 14 smaller small JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 189 15 than than IN work_n27ihsbkpjfo3ankjp6zxbhpsi 189 16 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 189 17 sure sure JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 189 18 prospect prospect NN work_n27ihsbkpjfo3ankjp6zxbhpsi 189 19 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 189 20 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 189 21 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 189 22 contestant contestant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 189 23 would would MD work_n27ihsbkpjfo3ankjp6zxbhpsi 189 24 have have VB work_n27ihsbkpjfo3ankjp6zxbhpsi 189 25 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 189 26 be be VB work_n27ihsbkpjfo3ankjp6zxbhpsi 189 27 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 189 28 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 189 29 lover lover NN work_n27ihsbkpjfo3ankjp6zxbhpsi 189 30 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 189 31 gamble gamble VB work_n27ihsbkpjfo3ankjp6zxbhpsi 189 32 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 189 33 see see VB work_n27ihsbkpjfo3ankjp6zxbhpsi 189 34 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 189 35 appropriate appropriate JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 189 36 entries entry NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 189 37 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 189 38 table table NN work_n27ihsbkpjfo3ankjp6zxbhpsi 189 39 2 2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 189 40 when when WRB work_n27ihsbkpjfo3ankjp6zxbhpsi 189 41 r r NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 189 42 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 189 43 20 20 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 189 44 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 189 45 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 189 46 r r NN work_n27ihsbkpjfo3ankjp6zxbhpsi 189 47 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 189 48 30 30 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 189 49 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 189 50 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 189 51 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 190 1 Also also RB work_n27ihsbkpjfo3ankjp6zxbhpsi 190 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 190 3 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 190 4 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 190 5 given give VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 190 6 discount discount NN work_n27ihsbkpjfo3ankjp6zxbhpsi 190 7 rate rate NN work_n27ihsbkpjfo3ankjp6zxbhpsi 190 8 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 190 9 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 190 10 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 190 11 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 190 12 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 190 13 coefficient coefficient NN work_n27ihsbkpjfo3ankjp6zxbhpsi 190 14 that that WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 190 15 dissuades dissuade VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 190 16 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 190 17 contestant contestant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 190 18 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 190 19 gambling gambling NN work_n27ihsbkpjfo3ankjp6zxbhpsi 190 20 decreases decrease NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 190 21 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 190 22 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 190 23 amount amount NN work_n27ihsbkpjfo3ankjp6zxbhpsi 190 24 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 190 25 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 190 26 sure sure JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 190 27 prospect prospect NN work_n27ihsbkpjfo3ankjp6zxbhpsi 190 28 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 190 29 regardless regardless RB work_n27ihsbkpjfo3ankjp6zxbhpsi 190 30 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 190 31 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 190 32 degree degree NN work_n27ihsbkpjfo3ankjp6zxbhpsi 190 33 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 190 34 contestant contestant JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 190 35 rationality rationality NN work_n27ihsbkpjfo3ankjp6zxbhpsi 190 36 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 191 1 This this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 191 2 fol- fol- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 191 3 lows low VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 191 4 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 191 5 certainty certainty NN work_n27ihsbkpjfo3ankjp6zxbhpsi 191 6 equivalence equivalence NN work_n27ihsbkpjfo3ankjp6zxbhpsi 191 7 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 192 1 IV IV NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 192 2 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 193 1 Data datum NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 193 2 We -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 193 3 obtained obtain VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 193 4 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 193 5 Hoosier Hoosier NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 193 6 Millionaire Millionaire NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 193 7 data datum NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 193 8 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 193 9 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 193 10 Hoo- Hoo- NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 193 11 sier si JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 193 12 Lottery Lottery NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 193 13 office office NN work_n27ihsbkpjfo3ankjp6zxbhpsi 193 14 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 193 15 Indianapolis Indianapolis NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 193 16 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 193 17 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 193 18 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 193 19 press press NN work_n27ihsbkpjfo3ankjp6zxbhpsi 193 20 releases release NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 193 21 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 193 22 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 193 23 South South NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 193 24 Bend Bend NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 193 25 Tribune Tribune NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 193 26 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 194 1 With with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 194 2 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 194 3 few few JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 194 4 exceptions exception NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 194 5 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 194 6 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 194 7 data data NN work_n27ihsbkpjfo3ankjp6zxbhpsi 194 8 set set NN work_n27ihsbkpjfo3ankjp6zxbhpsi 194 9 contains contain VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 194 10 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 194 11 winnings winning NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 194 12 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 194 13 census census NN work_n27ihsbkpjfo3ankjp6zxbhpsi 194 14 tract tract NN work_n27ihsbkpjfo3ankjp6zxbhpsi 194 15 characteristics characteristic NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 194 16 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 194 17 all all PDT work_n27ihsbkpjfo3ankjp6zxbhpsi 194 18 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 194 19 participants participant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 194 20 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 194 21 both both DT work_n27ihsbkpjfo3ankjp6zxbhpsi 194 22 phases phase NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 194 23 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 194 24 Hoosier Hoosier NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 194 25 Millionaire Millionaire NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 194 26 since since IN work_n27ihsbkpjfo3ankjp6zxbhpsi 194 27 its -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 194 28 inception inception NN work_n27ihsbkpjfo3ankjp6zxbhpsi 194 29 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 195 1 Table table NN work_n27ihsbkpjfo3ankjp6zxbhpsi 195 2 3 3 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 195 3 presents present VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 195 4 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 195 5 summary summary NN work_n27ihsbkpjfo3ankjp6zxbhpsi 195 6 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 195 7 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 195 8 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 195 9 ’ ’ POS work_n27ihsbkpjfo3ankjp6zxbhpsi 195 10 endoge- endoge- JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 195 11 nous nous JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 195 12 initial initial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 195 13 gambling gambling NN work_n27ihsbkpjfo3ankjp6zxbhpsi 195 14 decisions.8 decisions.8 NN work_n27ihsbkpjfo3ankjp6zxbhpsi 195 15 We -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 195 16 also also RB work_n27ihsbkpjfo3ankjp6zxbhpsi 195 17 report report VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 195 18 mean mean NN work_n27ihsbkpjfo3ankjp6zxbhpsi 195 19 phase phase NN work_n27ihsbkpjfo3ankjp6zxbhpsi 195 20 I -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 195 21 winnings winning NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 195 22 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 195 23 1990 1990 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 195 24 census census NN work_n27ihsbkpjfo3ankjp6zxbhpsi 195 25 tract tract NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 195 26 median median JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 195 27 income income NN work_n27ihsbkpjfo3ankjp6zxbhpsi 195 28 figures figure NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 195 29 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 195 30 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 195 31 sample sample NN work_n27ihsbkpjfo3ankjp6zxbhpsi 195 32 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 196 1 As as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 196 2 seen see VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 196 3 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 196 4 table table NN work_n27ihsbkpjfo3ankjp6zxbhpsi 196 5 3 3 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 196 6 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 196 7 although although IN work_n27ihsbkpjfo3ankjp6zxbhpsi 196 8 58 58 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 196 9 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 196 10 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 196 11 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 196 12 individuals individual NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 196 13 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 196 14 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 196 15 sample sample NN work_n27ihsbkpjfo3ankjp6zxbhpsi 196 16 take take VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 196 17 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 196 18 initial initial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 196 19 gamble gamble NN work_n27ihsbkpjfo3ankjp6zxbhpsi 196 20 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 196 21 this this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 196 22 fraction fraction NN work_n27ihsbkpjfo3ankjp6zxbhpsi 196 23 varies vary VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 196 24 across across IN work_n27ihsbkpjfo3ankjp6zxbhpsi 196 25 regimes regime NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 196 26 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 197 1 In in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 197 2 fact fact NN work_n27ihsbkpjfo3ankjp6zxbhpsi 197 3 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 197 4 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 197 5 rough rough JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 197 6 compara- compara- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 197 7 tive tive JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 197 8 statics static NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 197 9 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 197 10 decisions decision NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 197 11 across across IN work_n27ihsbkpjfo3ankjp6zxbhpsi 197 12 regimes regime NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 197 13 indicate indicate VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 197 14 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 197 15 contes- contes- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 197 16 tants tant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 197 17 respond respond VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 197 18 correctly correctly RB work_n27ihsbkpjfo3ankjp6zxbhpsi 197 19 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 197 20 changes change NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 197 21 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 197 22 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 197 23 award award NN work_n27ihsbkpjfo3ankjp6zxbhpsi 197 24 structure structure NN work_n27ihsbkpjfo3ankjp6zxbhpsi 197 25 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 198 1 For for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 198 2 instance instance NN work_n27ihsbkpjfo3ankjp6zxbhpsi 198 3 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 198 4 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 198 5 regime regime NN work_n27ihsbkpjfo3ankjp6zxbhpsi 198 6 1 1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 198 7 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 198 8 sizable sizable JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 198 9 consolation consolation NN work_n27ihsbkpjfo3ankjp6zxbhpsi 198 10 prize prize NN work_n27ihsbkpjfo3ankjp6zxbhpsi 198 11 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 198 12 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 198 13 25,000 25,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 198 14 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 198 15 substantially substantially RB work_n27ihsbkpjfo3ankjp6zxbhpsi 198 16 reduces reduce VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 198 17 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 198 18 downside downside NN work_n27ihsbkpjfo3ankjp6zxbhpsi 198 19 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 198 20 gambling gambling NN work_n27ihsbkpjfo3ankjp6zxbhpsi 198 21 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 199 1 As as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 199 2 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 199 3 result result NN work_n27ihsbkpjfo3ankjp6zxbhpsi 199 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 199 5 all all DT work_n27ihsbkpjfo3ankjp6zxbhpsi 199 6 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 199 7 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 199 8 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 199 9 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 199 10 this this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 199 11 regime regime NN work_n27ihsbkpjfo3ankjp6zxbhpsi 199 12 choose choose VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 199 13 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 199 14 gamble gamble VB work_n27ihsbkpjfo3ankjp6zxbhpsi 199 15 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 200 1 This this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 200 2 contrasts contrast VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 200 3 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 200 4 regime regime NN work_n27ihsbkpjfo3ankjp6zxbhpsi 200 5 3 3 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 200 6 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 200 7 where where WRB work_n27ihsbkpjfo3ankjp6zxbhpsi 200 8 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 200 9 small small JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 200 10 consolation consolation NN work_n27ihsbkpjfo3ankjp6zxbhpsi 200 11 prize prize NN work_n27ihsbkpjfo3ankjp6zxbhpsi 200 12 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 200 13 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 200 14 1,000 1,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 200 15 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 200 16 makes make VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 200 17 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 200 18 downside downside NN work_n27ihsbkpjfo3ankjp6zxbhpsi 200 19 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 200 20 gambling gamble VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 200 21 8 8 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 200 22 We -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 200 23 concentrate concentrate VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 200 24 on on IN work_n27ihsbkpjfo3ankjp6zxbhpsi 200 25 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 200 26 initial initial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 200 27 gambling gambling NN work_n27ihsbkpjfo3ankjp6zxbhpsi 200 28 decisions decision NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 200 29 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 200 30 view view NN work_n27ihsbkpjfo3ankjp6zxbhpsi 200 31 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 200 32 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 200 33 very very RB work_n27ihsbkpjfo3ankjp6zxbhpsi 200 34 limited limited JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 200 35 number number NN work_n27ihsbkpjfo3ankjp6zxbhpsi 200 36 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 200 37 individuals individual NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 200 38 choosing choose VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 200 39 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 200 40 gamble gamble VB work_n27ihsbkpjfo3ankjp6zxbhpsi 200 41 more more RBR work_n27ihsbkpjfo3ankjp6zxbhpsi 200 42 than than IN work_n27ihsbkpjfo3ankjp6zxbhpsi 200 43 once once RB work_n27ihsbkpjfo3ankjp6zxbhpsi 200 44 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 201 1 In in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 201 2 regimes regime NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 201 3 1–3 1–3 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 201 4 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 201 5 face face VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 201 6 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 201 7 compulsory compulsory JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 201 8 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 201 9 exogenous exogenous JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 201 10 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 201 11 initial initial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 201 12 gambling gambling NN work_n27ihsbkpjfo3ankjp6zxbhpsi 201 13 decision decision NN work_n27ihsbkpjfo3ankjp6zxbhpsi 201 14 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 202 1 Thus thus RB work_n27ihsbkpjfo3ankjp6zxbhpsi 202 2 we -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 202 3 consider consider VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 202 4 only only RB work_n27ihsbkpjfo3ankjp6zxbhpsi 202 5 on on IN work_n27ihsbkpjfo3ankjp6zxbhpsi 202 6 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 202 7 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 202 8 endogenous endogenous JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 202 9 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 202 10 decisions decision NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 202 11 after after IN work_n27ihsbkpjfo3ankjp6zxbhpsi 202 12 that that DT work_n27ihsbkpjfo3ankjp6zxbhpsi 202 13 compulsory compulsory JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 202 14 stage stage NN work_n27ihsbkpjfo3ankjp6zxbhpsi 202 15 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 203 1 In in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 203 2 contrast contrast NN work_n27ihsbkpjfo3ankjp6zxbhpsi 203 3 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 203 4 all all DT work_n27ihsbkpjfo3ankjp6zxbhpsi 203 5 initial initial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 203 6 gambling gambling NN work_n27ihsbkpjfo3ankjp6zxbhpsi 203 7 decisions decision NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 203 8 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 203 9 regime regime NN work_n27ihsbkpjfo3ankjp6zxbhpsi 203 10 4 4 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 203 11 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 203 12 endogenous endogenous JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 203 13 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 204 1 TABLE TABLE NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 2 2.—RISK 2.—risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 3 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 204 4 AVERSION aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 5 PARAMETERS parameter NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 204 6 THAT that WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 204 7 YIELD yield NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 8 EQUAL equal NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 9 EXPECTED expect VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 10 UTILITIES utility NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 204 11 FROM from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 12 TAKING take VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 204 13 AND and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 204 14 NOT not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 204 15 TAKING take VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 204 16 THE the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 204 17 GAMBLE GAMBLE NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 18 Panel panel NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 19 A A NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 20 : : : work_n27ihsbkpjfo3ankjp6zxbhpsi 204 21 Constant Constant NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 22 Absolute absolute JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 204 23 Risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 24 Aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 25 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 204 26 CARA CARA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 27 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 204 28 Utility Utility NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 29 Function Function NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 30 Regime Regime NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 31 FR FR NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 32 BR1 BR1 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 33 BR2 BR2 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 34 BR3 BR3 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 35 r r NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 36 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 37 10 10 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 38 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 39 r r NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 40 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 41 20 20 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 42 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 43 r r NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 44 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 45 30 30 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 46 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 47 r r NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 48 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 49 0 0 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 50 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 51 r r NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 52 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 53 10 10 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 54 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 55 r r NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 56 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 57 20 20 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 58 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 59 r r NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 60 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 61 30 30 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 62 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 63 r r NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 64 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 65 0 0 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 66 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 67 1.1 1.1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 68 2.7726 2.7726 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 69 2.7726 2.7726 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 70 2.7725 2.7725 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 71 2.7726 2.7726 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 72 4.2303 4.2303 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 73 4.2303 4.2303 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 74 4.2303 4.2303 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 75 4.2303 4.2303 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 76 1.2 1.2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 77 0.9209 0.9209 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 78 0.9069 0.9069 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 79 0.8760 0.8760 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 80 0.9240 0.9240 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 81 2.7726 2.7726 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 82 2.7726 2.7726 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 83 2.7725 2.7725 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 84 2.7726 2.7726 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 85 2.1 2.1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 86 0.9209 0.9209 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 87 0.9069 0.9069 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 88 0.8760 0.8760 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 89 0.9240 0.9240 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 90 1.3432 1.3432 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 91 1.3410 1.3410 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 92 1.3335 1.3335 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 93 1.3435 1.3435 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 94 2.2 2.2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 95 0.3349 0.3349 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 96 0.2357 0.2357 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 97 0.0760 0.0760 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 98 0.3825 0.3825 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 99 0.01849 0.01849 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 100 0.0434 0.0434 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 101 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 102 0.1757 0.1757 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 103 0.2606 0.2606 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 104 3.1 3.1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 105 0.3410 0.3410 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 106 0.1903 0.1903 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 107 � � NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 204 108 3.00E 3.00E NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 109 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 110 9 9 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 111 0.4583 0.4583 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 112 0.4542 0.4542 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 113 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 114 1.70E 1.70e CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 115 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 116 9 9 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 117 � � CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 118 0.2495 0.2495 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 119 0.5367 0.5367 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 120 3.2 3.2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 121 0.1288 0.1288 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 122 � � NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 204 123 0.0559 0.0559 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 124 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 125 4.4638 4.4638 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 126 0.3301 0.3301 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 127 0.0341 0.0341 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 128 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 129 4.80E 4.80e CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 130 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 131 9 9 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 132 � � CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 133 7.0109 7.0109 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 134 0.2791 0.2791 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 135 4.0 4.0 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 136 0.6173 0.6173 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 137 0.2802 0.2802 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 138 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 139 0.3554 0.3554 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 140 0.6992 0.6992 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 141 1.1359 1.1359 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 142 6.00E 6.00e CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 143 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 144 12 12 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 145 � � NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 204 146 9.10E 9.10E NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 204 147 � � , work_n27ihsbkpjfo3ankjp6zxbhpsi 204 148 17 17 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 149 1.1494 1.1494 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 150 Panel panel NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 151 B B NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 152 : : : work_n27ihsbkpjfo3ankjp6zxbhpsi 204 153 Constant constant JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 204 154 Relative Relative NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 155 Risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 156 Aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 157 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 204 158 CRRA CRRA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 159 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 204 160 Utility Utility NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 161 Function Function NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 162 Regime Regime NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 163 Initial Initial NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 164 Wealth Wealth NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 165 FR FR NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 166 BR1 BR1 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 167 BR2 BR2 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 168 BR3 BR3 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 169 r r NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 170 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 171 10 10 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 172 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 173 r r NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 174 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 175 20 20 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 176 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 177 r r NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 178 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 179 30 30 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 180 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 181 r r NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 182 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 183 0 0 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 184 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 185 r r NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 186 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 187 10 10 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 188 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 189 r r NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 190 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 191 20 20 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 192 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 193 r r NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 194 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 195 30 30 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 196 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 197 r r NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 198 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 199 0 0 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 200 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 201 1.1 1.1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 202 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 204 203 19,000 19,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 204 2.5061 2.5061 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 205 2.4849 2.4849 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 206 2.4598 2.4598 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 207 2.5221 2.5221 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 208 3.2015 3.2015 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 209 3.1962 3.1962 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 210 3.1891 3.1891 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 211 3.2049 3.2049 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 212 1.2 1.2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 213 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 204 214 19,272 19,272 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 215 1.4353 1.4353 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 216 1.3327 1.3327 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 217 1.0002 1.0002 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 218 1.5233 1.5233 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 219 1.1114 1.1114 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 220 0.9703 0.9703 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 221 0.8170 0.8170 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 222 1.2345 1.2345 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 223 2.1 2.1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 224 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 204 225 20,200 20,200 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 226 1.4407 1.4407 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 227 1.3380 1.3380 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 228 1.2251 1.2251 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 229 1.5287 1.5287 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 230 1.7622 1.7622 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 231 1.7050 1.7050 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 232 1.6443 1.6443 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 233 1.8117 1.8117 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 234 2.2 2.2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 235 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 204 236 21,222 21,222 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 237 0.7693 0.7693 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 238 0.4945 0.4945 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 239 0.1495 0.1495 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 240 0.9849 0.9849 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 241 0.4705 0.4705 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 242 0.1004 0.1004 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 243 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 244 0.3814 0.3814 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 245 0.7534 0.7534 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 246 3.1 3.1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 247 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 204 248 21,139 21,139 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 249 0.5533 0.5533 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 250 � � NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 251 0.0458 0.0458 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 252 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 253 1.1179 1.1179 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 254 0.9292 0.9292 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 255 0.6872 0.6872 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 256 0.2519 0.2519 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 257 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 258 0.3146 0.3146 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 259 0.9993 0.9993 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 260 3.2 3.2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 261 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 204 262 19,685 19,685 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 263 0.2399 0.2399 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 264 � � NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 265 0.9646 0.9646 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 266 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 267 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 268 9 9 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 269 0.7752 0.7752 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 270 0.0683 0.0683 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 271 � � NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 204 272 1.6003 1.6003 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 273 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 274 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 275 15 15 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 276 0.7025 0.7025 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 277 4.0 4.0 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 278 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 204 279 20,586 20,586 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 280 0.7817 0.7817 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 281 0.3042 0.3042 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 282 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 204 283 0.3584 0.3584 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 284 1.1125 1.1125 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 285 1.1835 1.1835 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 286 0.9957 0.9957 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 287 0.8269 0.8269 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 288 1.3540 1.3540 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 204 289 Each each DT work_n27ihsbkpjfo3ankjp6zxbhpsi 204 290 regime regime NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 291 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 204 292 indexed index VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 293 by by IN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 294 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 204 295 value value NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 296 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 297 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 204 298 contestant contestant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 299 ’s ’s POS work_n27ihsbkpjfo3ankjp6zxbhpsi 204 300 first first JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 204 301 draw draw NN work_n27ihsbkpjfo3ankjp6zxbhpsi 204 302 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 205 1 A a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 205 2 .1 .1 NN work_n27ihsbkpjfo3ankjp6zxbhpsi 205 3 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 205 4 .2 .2 NFP work_n27ihsbkpjfo3ankjp6zxbhpsi 205 5 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 205 6 extension extension NN work_n27ihsbkpjfo3ankjp6zxbhpsi 205 7 denotes denote VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 205 8 an an DT work_n27ihsbkpjfo3ankjp6zxbhpsi 205 9 initial initial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 205 10 draw draw NN work_n27ihsbkpjfo3ankjp6zxbhpsi 205 11 equal equal JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 205 12 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 205 13 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 205 14 higher high JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 205 15 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 205 16 lower low JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 205 17 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 205 18 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 205 19 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 205 20 two two CD work_n27ihsbkpjfo3ankjp6zxbhpsi 205 21 intermediate intermediate JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 205 22 dollar dollar NN work_n27ihsbkpjfo3ankjp6zxbhpsi 205 23 prizes prize NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 205 24 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 206 1 Fully fully RB work_n27ihsbkpjfo3ankjp6zxbhpsi 206 2 rational rational JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 206 3 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 206 4 FR FR NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 206 5 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 206 6 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 206 7 perform perform VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 206 8 backward backward JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 206 9 induction induction NN work_n27ihsbkpjfo3ankjp6zxbhpsi 206 10 at at IN work_n27ihsbkpjfo3ankjp6zxbhpsi 206 11 each each DT work_n27ihsbkpjfo3ankjp6zxbhpsi 206 12 node node NN work_n27ihsbkpjfo3ankjp6zxbhpsi 206 13 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 206 14 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 206 15 tree tree NN work_n27ihsbkpjfo3ankjp6zxbhpsi 206 16 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 206 17 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 206 18 discount discount NN work_n27ihsbkpjfo3ankjp6zxbhpsi 206 19 annuity annuity NN work_n27ihsbkpjfo3ankjp6zxbhpsi 206 20 payments payment NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 206 21 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 207 1 Each each DT work_n27ihsbkpjfo3ankjp6zxbhpsi 207 2 contestant contestant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 207 3 may may MD work_n27ihsbkpjfo3ankjp6zxbhpsi 207 4 use use VB work_n27ihsbkpjfo3ankjp6zxbhpsi 207 5 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 207 6 different different JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 207 7 discount discount NN work_n27ihsbkpjfo3ankjp6zxbhpsi 207 8 rate rate NN work_n27ihsbkpjfo3ankjp6zxbhpsi 207 9 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 208 1 We -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 208 2 use use VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 208 3 discount discount NN work_n27ihsbkpjfo3ankjp6zxbhpsi 208 4 rates rate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 208 5 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 208 6 10 10 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 208 7 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 208 8 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 208 9 20 20 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 208 10 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 208 11 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 208 12 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 208 13 30 30 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 208 14 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 208 15 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 209 1 Thus thus RB work_n27ihsbkpjfo3ankjp6zxbhpsi 209 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 209 3 FR FR NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 209 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 209 5 r r NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 209 6 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 209 7 10 10 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 209 8 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 209 9 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 209 10 refers refer VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 209 11 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 209 12 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 209 13 fully fully RB work_n27ihsbkpjfo3ankjp6zxbhpsi 209 14 rational rational JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 209 15 contestant contestant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 209 16 who who WP work_n27ihsbkpjfo3ankjp6zxbhpsi 209 17 discounts discount VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 209 18 future future JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 209 19 cash cash NN work_n27ihsbkpjfo3ankjp6zxbhpsi 209 20 flows flow NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 209 21 using use VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 209 22 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 209 23 10 10 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 209 24 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 209 25 rate rate NN work_n27ihsbkpjfo3ankjp6zxbhpsi 209 26 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 210 1 Boundedly boundedly RB work_n27ihsbkpjfo3ankjp6zxbhpsi 210 2 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 210 3 rational-1 rational-1 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 210 4 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 210 5 BR1 BR1 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 210 6 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 210 7 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 210 8 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 210 9 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 210 10 same same JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 210 11 as as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 210 12 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 210 13 FR FR NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 210 14 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 210 15 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 210 16 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 210 17 exception exception NN work_n27ihsbkpjfo3ankjp6zxbhpsi 210 18 that that WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 210 19 they -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 210 20 use use VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 210 21 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 210 22 discount discount NN work_n27ihsbkpjfo3ankjp6zxbhpsi 210 23 rate rate NN work_n27ihsbkpjfo3ankjp6zxbhpsi 210 24 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 210 25 0 0 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 210 26 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 210 27 i.e. i.e. FW work_n27ihsbkpjfo3ankjp6zxbhpsi 210 28 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 210 29 they -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 210 30 do do VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 210 31 not not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 210 32 discount discount VB work_n27ihsbkpjfo3ankjp6zxbhpsi 210 33 future future JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 210 34 payments payment NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 210 35 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 210 36 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 211 1 Though though IN work_n27ihsbkpjfo3ankjp6zxbhpsi 211 2 boundedly boundedly RB work_n27ihsbkpjfo3ankjp6zxbhpsi 211 3 rational-2 rational-2 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 211 4 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 211 5 BR2 BR2 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 211 6 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 211 7 contestants contestant VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 211 8 discount discount NN work_n27ihsbkpjfo3ankjp6zxbhpsi 211 9 future future JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 211 10 cash cash NN work_n27ihsbkpjfo3ankjp6zxbhpsi 211 11 flows flow NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 211 12 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 211 13 they -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 211 14 act act VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 211 15 myopically myopically RB work_n27ihsbkpjfo3ankjp6zxbhpsi 211 16 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 211 17 that that DT work_n27ihsbkpjfo3ankjp6zxbhpsi 211 18 they -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 211 19 ignore ignore VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 211 20 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 211 21 option option NN work_n27ihsbkpjfo3ankjp6zxbhpsi 211 22 value value NN work_n27ihsbkpjfo3ankjp6zxbhpsi 211 23 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 211 24 continuing continue VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 211 25 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 211 26 play play VB work_n27ihsbkpjfo3ankjp6zxbhpsi 211 27 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 211 28 game game NN work_n27ihsbkpjfo3ankjp6zxbhpsi 211 29 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 212 1 Boundedly Boundedly NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 212 2 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 212 3 rational-3 rational-3 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 212 4 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 212 5 BR3 BR3 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 212 6 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 212 7 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 212 8 ignore ignore VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 212 9 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 212 10 option option NN work_n27ihsbkpjfo3ankjp6zxbhpsi 212 11 value value NN work_n27ihsbkpjfo3ankjp6zxbhpsi 212 12 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 212 13 continuing continue VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 212 14 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 212 15 play play VB work_n27ihsbkpjfo3ankjp6zxbhpsi 212 16 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 212 17 game game NN work_n27ihsbkpjfo3ankjp6zxbhpsi 212 18 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 212 19 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 212 20 they -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 212 21 use use VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 212 22 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 212 23 discount discount NN work_n27ihsbkpjfo3ankjp6zxbhpsi 212 24 rate rate NN work_n27ihsbkpjfo3ankjp6zxbhpsi 212 25 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 212 26 0 0 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 212 27 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 213 1 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 213 2 CARA CARA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 213 3 utility utility NN work_n27ihsbkpjfo3ankjp6zxbhpsi 213 4 function function NN work_n27ihsbkpjfo3ankjp6zxbhpsi 213 5 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 213 6 specified specify VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 213 7 as as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 213 8 follows follow VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 213 9 : : : work_n27ihsbkpjfo3ankjp6zxbhpsi 213 10 U(W U(W NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 213 11 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 213 12 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 213 13 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 213 14 e e CD work_n27ihsbkpjfo3ankjp6zxbhpsi 213 15 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 213 16 aW aW NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 213 17 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 213 18 where where WRB work_n27ihsbkpjfo3ankjp6zxbhpsi 213 19 W w NN work_n27ihsbkpjfo3ankjp6zxbhpsi 213 20 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 213 21 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 213 22 individual individual NN work_n27ihsbkpjfo3ankjp6zxbhpsi 213 23 ’s ’s POS work_n27ihsbkpjfo3ankjp6zxbhpsi 213 24 initial initial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 213 25 wealth wealth NN work_n27ihsbkpjfo3ankjp6zxbhpsi 213 26 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 213 27 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 213 28 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 213 29 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 213 30 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 213 31 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 213 32 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 213 33 parameter parameter NN work_n27ihsbkpjfo3ankjp6zxbhpsi 213 34 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 214 1 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 214 2 CRRA CRRA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 214 3 utility utility NN work_n27ihsbkpjfo3ankjp6zxbhpsi 214 4 function function NN work_n27ihsbkpjfo3ankjp6zxbhpsi 214 5 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 214 6 specified specify VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 214 7 as as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 214 8 follows follow VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 214 9 : : : work_n27ihsbkpjfo3ankjp6zxbhpsi 214 10 U(W U(W NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 214 11 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 214 12 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 214 13 W1 W1 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 214 14 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 214 15 b/(1 b/(1 NN work_n27ihsbkpjfo3ankjp6zxbhpsi 214 16 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 214 17 b b NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 214 18 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 214 19 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 214 20 where where WRB work_n27ihsbkpjfo3ankjp6zxbhpsi 214 21 W w NN work_n27ihsbkpjfo3ankjp6zxbhpsi 214 22 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 214 23 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 214 24 individual individual NN work_n27ihsbkpjfo3ankjp6zxbhpsi 214 25 ’s ’s POS work_n27ihsbkpjfo3ankjp6zxbhpsi 214 26 initial initial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 214 27 wealth wealth NN work_n27ihsbkpjfo3ankjp6zxbhpsi 214 28 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 214 29 b b NN work_n27ihsbkpjfo3ankjp6zxbhpsi 214 30 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 214 31 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 214 32 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 214 33 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 214 34 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 214 35 parameter parameter NN work_n27ihsbkpjfo3ankjp6zxbhpsi 214 36 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 215 1 Initial initial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 215 2 wealth wealth NN work_n27ihsbkpjfo3ankjp6zxbhpsi 215 3 refers refer VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 215 4 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 215 5 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 215 6 median median JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 215 7 amount amount NN work_n27ihsbkpjfo3ankjp6zxbhpsi 215 8 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 215 9 winnings winning NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 215 10 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 215 11 phase phase NN work_n27ihsbkpjfo3ankjp6zxbhpsi 215 12 1 1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 215 13 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 215 14 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 215 15 Hoosier Hoosier NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 215 16 Millionaire Millionaire NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 215 17 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 216 1 THE the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 216 2 REVIEW REVIEW NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 216 3 OF of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 216 4 ECONOMICS ECONOMICS NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 216 5 AND and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 216 6 STATISTICS222 STATISTICS222 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 216 7 rather rather RB work_n27ihsbkpjfo3ankjp6zxbhpsi 216 8 onerous onerous JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 216 9 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 216 10 thus thus RB work_n27ihsbkpjfo3ankjp6zxbhpsi 216 11 inducing induce VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 216 12 40 40 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 216 13 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 216 14 45 45 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 216 15 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 216 16 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 216 17 keep keep VB work_n27ihsbkpjfo3ankjp6zxbhpsi 216 18 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 216 19 sure sure JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 216 20 prospect prospect NN work_n27ihsbkpjfo3ankjp6zxbhpsi 216 21 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 217 1 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 217 2 fourth fourth JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 217 3 column column NN work_n27ihsbkpjfo3ankjp6zxbhpsi 217 4 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 217 5 Table table NN work_n27ihsbkpjfo3ankjp6zxbhpsi 217 6 3 3 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 217 7 shows show VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 217 8 phase phase NN work_n27ihsbkpjfo3ankjp6zxbhpsi 217 9 1 1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 217 10 winnings winning NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 217 11 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 217 12 each each DT work_n27ihsbkpjfo3ankjp6zxbhpsi 217 13 contestant contestant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 217 14 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 217 15 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 217 16 data data NN work_n27ihsbkpjfo3ankjp6zxbhpsi 217 17 set set NN work_n27ihsbkpjfo3ankjp6zxbhpsi 217 18 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 218 1 As as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 218 2 seen see VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 218 3 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 218 4 there there EX work_n27ihsbkpjfo3ankjp6zxbhpsi 218 5 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 218 6 not not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 218 7 much much JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 218 8 variation variation NN work_n27ihsbkpjfo3ankjp6zxbhpsi 218 9 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 218 10 these these DT work_n27ihsbkpjfo3ankjp6zxbhpsi 218 11 winnings winning NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 218 12 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 219 1 We -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 219 2 obtained obtain VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 219 3 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 219 4 addresses address NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 219 5 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 219 6 all all DT work_n27ihsbkpjfo3ankjp6zxbhpsi 219 7 phase phase NN work_n27ihsbkpjfo3ankjp6zxbhpsi 219 8 2 2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 219 9 Hoosier Hoosier NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 219 10 Millionaire Millionaire NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 219 11 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 219 12 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 219 13 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 219 14 found find VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 219 15 match- match- JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 219 16 ing e VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 219 17 data datum NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 219 18 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 219 19 their -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 219 20 1990 1990 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 219 21 census census NN work_n27ihsbkpjfo3ankjp6zxbhpsi 219 22 tracts tract NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 219 23 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 220 1 Table table NN work_n27ihsbkpjfo3ankjp6zxbhpsi 220 2 3 3 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 220 3 also also RB work_n27ihsbkpjfo3ankjp6zxbhpsi 220 4 shows show VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 220 5 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 220 6 average average JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 220 7 median median JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 220 8 family family NN work_n27ihsbkpjfo3ankjp6zxbhpsi 220 9 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 220 10 per per IN work_n27ihsbkpjfo3ankjp6zxbhpsi 220 11 capita capita NN work_n27ihsbkpjfo3ankjp6zxbhpsi 220 12 income income NN work_n27ihsbkpjfo3ankjp6zxbhpsi 220 13 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 220 14 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 220 15 sample sample NN work_n27ihsbkpjfo3ankjp6zxbhpsi 220 16 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 221 1 Although although IN work_n27ihsbkpjfo3ankjp6zxbhpsi 221 2 both both DT work_n27ihsbkpjfo3ankjp6zxbhpsi 221 3 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 221 4 these these DT work_n27ihsbkpjfo3ankjp6zxbhpsi 221 5 income income NN work_n27ihsbkpjfo3ankjp6zxbhpsi 221 6 measures measure NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 221 7 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 221 8 below below IN work_n27ihsbkpjfo3ankjp6zxbhpsi 221 9 state state NN work_n27ihsbkpjfo3ankjp6zxbhpsi 221 10 averages average NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 221 11 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 221 12 they -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 221 13 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 221 14 not not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 221 15 significantly significantly RB work_n27ihsbkpjfo3ankjp6zxbhpsi 221 16 different different JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 221 17 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 221 18 them.9 them.9 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 221 19 However however RB work_n27ihsbkpjfo3ankjp6zxbhpsi 221 20 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 221 21 there there EX work_n27ihsbkpjfo3ankjp6zxbhpsi 221 22 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 221 23 no no DT work_n27ihsbkpjfo3ankjp6zxbhpsi 221 24 systematic systematic JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 221 25 difference difference NN work_n27ihsbkpjfo3ankjp6zxbhpsi 221 26 between between IN work_n27ihsbkpjfo3ankjp6zxbhpsi 221 27 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 221 28 incomes income NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 221 29 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 221 30 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 221 31 that that WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 221 32 took take VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 221 33 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 221 34 gambles gamble NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 221 35 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 221 36 con- con- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 221 37 testants testant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 221 38 that that WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 221 39 chose choose VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 221 40 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 221 41 certain certain JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 221 42 prospects.10 prospects.10 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 221 43 V. V. NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 221 44 Estimation Estimation NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 221 45 A. a. NN work_n27ihsbkpjfo3ankjp6zxbhpsi 222 1 Methodology Methodology NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 222 2 Previous previous JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 222 3 studies study NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 222 4 such such JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 222 5 as as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 222 6 those those DT work_n27ihsbkpjfo3ankjp6zxbhpsi 222 7 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 222 8 Gertner Gertner NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 222 9 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 222 10 1993 1993 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 222 11 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 222 12 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 222 13 Metrick Metrick NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 222 14 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 222 15 1995 1995 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 222 16 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 222 17 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 222 18 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 222 19 Hersch Hersch NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 222 20 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 222 21 McDougall McDougall NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 222 22 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 222 23 1997 1997 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 222 24 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 222 25 estimated estimate VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 222 26 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 222 27 coefficient coefficient NN work_n27ihsbkpjfo3ankjp6zxbhpsi 222 28 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 222 29 absolute absolute JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 222 30 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 222 31 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 222 32 using use VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 222 33 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 222 34 nonlinear nonlinear JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 222 35 probit probit NN work_n27ihsbkpjfo3ankjp6zxbhpsi 222 36 approach approach NN work_n27ihsbkpjfo3ankjp6zxbhpsi 222 37 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 223 1 Unlike unlike IN work_n27ihsbkpjfo3ankjp6zxbhpsi 223 2 those those DT work_n27ihsbkpjfo3ankjp6zxbhpsi 223 3 studies study NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 223 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 223 5 where where WRB work_n27ihsbkpjfo3ankjp6zxbhpsi 223 6 individuals individual NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 223 7 face face VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 223 8 gam- gam- JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 223 9 bles ble NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 223 10 involving involve VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 223 11 different different JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 223 12 stakes stake NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 223 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 223 14 each each DT work_n27ihsbkpjfo3ankjp6zxbhpsi 223 15 contestant contestant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 223 16 within within IN work_n27ihsbkpjfo3ankjp6zxbhpsi 223 17 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 223 18 regime regime NN work_n27ihsbkpjfo3ankjp6zxbhpsi 223 19 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 223 20 Hoosier Hoosier NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 223 21 Millionaire Millionaire NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 223 22 faces face VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 223 23 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 223 24 gamble gamble NN work_n27ihsbkpjfo3ankjp6zxbhpsi 223 25 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 223 26 identical identical JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 223 27 stakes stake NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 223 28 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 224 1 Thus thus RB work_n27ihsbkpjfo3ankjp6zxbhpsi 224 2 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 224 3 probit probit NN work_n27ihsbkpjfo3ankjp6zxbhpsi 224 4 technique technique NN work_n27ihsbkpjfo3ankjp6zxbhpsi 224 5 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 224 6 inappropriate inappropriate JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 224 7 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 224 8 because because IN work_n27ihsbkpjfo3ankjp6zxbhpsi 224 9 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 224 10 key key JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 224 11 source source NN work_n27ihsbkpjfo3ankjp6zxbhpsi 224 12 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 224 13 variation variation NN work_n27ihsbkpjfo3ankjp6zxbhpsi 224 14 — — : work_n27ihsbkpjfo3ankjp6zxbhpsi 224 15 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 224 16 between between IN work_n27ihsbkpjfo3ankjp6zxbhpsi 224 17 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 224 18 sizes size NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 224 19 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 224 20 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 224 21 gambles gamble NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 224 22 — — : work_n27ihsbkpjfo3ankjp6zxbhpsi 224 23 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 224 24 absent absent JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 224 25 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 225 1 Instead instead RB work_n27ihsbkpjfo3ankjp6zxbhpsi 225 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 225 3 we -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 225 4 use use VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 225 5 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 225 6 probabilistic probabilistic JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 225 7 approach approach NN work_n27ihsbkpjfo3ankjp6zxbhpsi 225 8 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 225 9 estimate estimate VB work_n27ihsbkpjfo3ankjp6zxbhpsi 225 10 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 225 11 distribution distribution NN work_n27ihsbkpjfo3ankjp6zxbhpsi 225 12 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 225 13 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 225 14 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 225 15 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 225 16 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 225 17 parameter parameter NN work_n27ihsbkpjfo3ankjp6zxbhpsi 225 18 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 226 1 We -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 226 2 assume assume VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 226 3 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 226 4 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 226 5 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 226 6 endowed endow VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 226 7 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 226 8 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 226 9 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 226 10 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 226 11 parameters parameter NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 226 12 that that WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 226 13 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 226 14 independent independent JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 226 15 draws draw NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 226 16 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 226 17 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 226 18 normal normal JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 226 19 population population NN work_n27ihsbkpjfo3ankjp6zxbhpsi 226 20 distribu- distribu- JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 226 21 tion.11 tion.11 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 226 22 If if IN work_n27ihsbkpjfo3ankjp6zxbhpsi 226 23 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 226 24 contestant contestant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 226 25 ’s ’s POS work_n27ihsbkpjfo3ankjp6zxbhpsi 226 26 realization realization NN work_n27ihsbkpjfo3ankjp6zxbhpsi 226 27 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 226 28 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 226 29 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 226 30 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 226 31 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 226 32 pa- pa- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 226 33 rameter rameter NN work_n27ihsbkpjfo3ankjp6zxbhpsi 226 34 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 226 35 less less JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 226 36 than than IN work_n27ihsbkpjfo3ankjp6zxbhpsi 226 37 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 226 38 value value NN work_n27ihsbkpjfo3ankjp6zxbhpsi 226 39 that that WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 226 40 yields yield VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 226 41 indifference indifference NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 226 42 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 226 43 equal- equal- NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 226 44 ity ity NN work_n27ihsbkpjfo3ankjp6zxbhpsi 226 45 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 226 46 expected expect VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 226 47 utilities utility NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 226 48 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 226 49 gambling gamble VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 226 50 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 226 51 not not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 226 52 gambling gamble VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 226 53 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 226 54 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 226 55 she -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 226 56 chooses choose VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 226 57 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 226 58 gamble gamble NN work_n27ihsbkpjfo3ankjp6zxbhpsi 226 59 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 227 1 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 227 2 probability probability NN work_n27ihsbkpjfo3ankjp6zxbhpsi 227 3 that that WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 227 4 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 227 5 contes- contes- JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 227 6 tant tant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 227 7 ’s ’s POS work_n27ihsbkpjfo3ankjp6zxbhpsi 227 8 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 227 9 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 227 10 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 227 11 parameter parameter NN work_n27ihsbkpjfo3ankjp6zxbhpsi 227 12 lies lie VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 227 13 below below IN work_n27ihsbkpjfo3ankjp6zxbhpsi 227 14 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 227 15 indifference indifference NN work_n27ihsbkpjfo3ankjp6zxbhpsi 227 16 value value NN work_n27ihsbkpjfo3ankjp6zxbhpsi 227 17 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 227 18 given give VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 227 19 by by IN work_n27ihsbkpjfo3ankjp6zxbhpsi 227 20 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 227 21 value value NN work_n27ihsbkpjfo3ankjp6zxbhpsi 227 22 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 227 23 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 227 24 cumulative cumulative JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 227 25 normal normal JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 227 26 distribution distribution NN work_n27ihsbkpjfo3ankjp6zxbhpsi 227 27 evaluated evaluate VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 227 28 at at IN work_n27ihsbkpjfo3ankjp6zxbhpsi 227 29 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 227 30 indifference indifference NN work_n27ihsbkpjfo3ankjp6zxbhpsi 227 31 value value NN work_n27ihsbkpjfo3ankjp6zxbhpsi 227 32 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 228 1 As as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 228 2 we -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 228 3 know know VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 228 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 228 5 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 228 6 normal normal JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 228 7 distribution distribution NN work_n27ihsbkpjfo3ankjp6zxbhpsi 228 8 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 228 9 determined determine VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 228 10 by by IN work_n27ihsbkpjfo3ankjp6zxbhpsi 228 11 its -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 228 12 mean mean JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 228 13 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 228 14 standard standard JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 228 15 deviation deviation NN work_n27ihsbkpjfo3ankjp6zxbhpsi 228 16 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 229 1 To to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 229 2 estimate estimate VB work_n27ihsbkpjfo3ankjp6zxbhpsi 229 3 these these DT work_n27ihsbkpjfo3ankjp6zxbhpsi 229 4 parameters parameter NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 229 5 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 229 6 we -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 229 7 use use VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 229 8 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 229 9 indifference indifference NN work_n27ihsbkpjfo3ankjp6zxbhpsi 229 10 values value NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 229 11 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 229 12 table table NN work_n27ihsbkpjfo3ankjp6zxbhpsi 229 13 2 2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 229 14 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 229 15 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 229 16 binomial binomial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 229 17 probabilities probability NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 229 18 implied imply VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 229 19 by by IN work_n27ihsbkpjfo3ankjp6zxbhpsi 229 20 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 229 21 empirical empirical JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 229 22 frequencies frequency NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 229 23 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 229 24 table table NN work_n27ihsbkpjfo3ankjp6zxbhpsi 229 25 3 3 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 229 26 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 230 1 We -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 230 2 infer infer VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 230 3 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 230 4 mean mean JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 230 5 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 230 6 standard standard JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 230 7 deviation deviation NN work_n27ihsbkpjfo3ankjp6zxbhpsi 230 8 as as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 230 9 follows follow VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 230 10 : : : work_n27ihsbkpjfo3ankjp6zxbhpsi 230 11 Each each DT work_n27ihsbkpjfo3ankjp6zxbhpsi 230 12 subgame subgame NN work_n27ihsbkpjfo3ankjp6zxbhpsi 230 13 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 230 14 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 230 15 history history NN work_n27ihsbkpjfo3ankjp6zxbhpsi 230 16 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 230 17 Hoosier Hoosier NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 230 18 Millionaire Millionaire NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 230 19 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 230 20 associated associate VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 230 21 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 230 22 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 230 23 CARA CARA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 230 24 or or CC work_n27ihsbkpjfo3ankjp6zxbhpsi 230 25 CRRA CRRA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 230 26 indifference indifference NN work_n27ihsbkpjfo3ankjp6zxbhpsi 230 27 parameter parameter NN work_n27ihsbkpjfo3ankjp6zxbhpsi 230 28 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 230 29 which which WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 230 30 we -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 230 31 denote denote VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 230 32 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 230 33 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 230 34 an an DT work_n27ihsbkpjfo3ankjp6zxbhpsi 230 35 observed observed JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 230 36 frequency frequency NN work_n27ihsbkpjfo3ankjp6zxbhpsi 230 37 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 230 38 taking take VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 230 39 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 230 40 gamble gamble NN work_n27ihsbkpjfo3ankjp6zxbhpsi 230 41 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 230 42 denoted denote VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 230 43 p. p. NN work_n27ihsbkpjfo3ankjp6zxbhpsi 230 44 We -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 230 45 choose choose VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 230 46 pairs pair NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 230 47 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 230 48 subgames subgame NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 230 49 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 230 50 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 230 51 solve solve VB work_n27ihsbkpjfo3ankjp6zxbhpsi 230 52 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 230 53 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 230 54 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 230 55 unique unique JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 230 56 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 230 57 values value NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 230 58 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 230 59 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 230 60 mean mean NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 230 61 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 230 62 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 230 63 standard standard JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 230 64 deviation deviation NN work_n27ihsbkpjfo3ankjp6zxbhpsi 230 65 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 230 66 that that WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 230 67 satisfy satisfy VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 230 68 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 230 69 following follow VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 230 70 system system NN work_n27ihsbkpjfo3ankjp6zxbhpsi 230 71 : : : work_n27ihsbkpjfo3ankjp6zxbhpsi 230 72 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 230 73 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 230 74 1 1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 230 75 � � NN work_n27ihsbkpjfo3ankjp6zxbhpsi 230 76 2 2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 230 77 � � NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 230 78 � � NN work_n27ihsbkpjfo3ankjp6zxbhpsi 230 79 2 2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 230 80 � � NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 230 81 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 230 82 1/ 1/ CD work_n27ihsbkpjfo3ankjp6zxbhpsi 230 83 2e 2e CD work_n27ihsbkpjfo3ankjp6zxbhpsi 230 84 � � NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 230 85 � � JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 230 86 � � NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 230 87 � � NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 230 88 x x SYM work_n27ihsbkpjfo3ankjp6zxbhpsi 230 89 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 230 90 2/ 2/ CD work_n27ihsbkpjfo3ankjp6zxbhpsi 230 91 2 2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 230 92 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 230 93 2 2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 230 94 dx dx IN work_n27ihsbkpjfo3ankjp6zxbhpsi 230 95 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 230 96 p1 p1 NN work_n27ihsbkpjfo3ankjp6zxbhpsi 230 97 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 230 98 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 230 99 3a 3a NN work_n27ihsbkpjfo3ankjp6zxbhpsi 230 100 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 230 101 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 230 102 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 230 103 2 2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 230 104 � � NN work_n27ihsbkpjfo3ankjp6zxbhpsi 230 105 2 2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 230 106 � � NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 230 107 � � NN work_n27ihsbkpjfo3ankjp6zxbhpsi 230 108 2 2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 230 109 � � NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 230 110 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 230 111 1/ 1/ CD work_n27ihsbkpjfo3ankjp6zxbhpsi 230 112 2e 2e CD work_n27ihsbkpjfo3ankjp6zxbhpsi 230 113 � � NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 230 114 � � JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 230 115 � � NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 230 116 � � NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 230 117 x x SYM work_n27ihsbkpjfo3ankjp6zxbhpsi 230 118 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 230 119 2/ 2/ CD work_n27ihsbkpjfo3ankjp6zxbhpsi 230 120 2 2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 230 121 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 230 122 2 2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 230 123 dx dx IN work_n27ihsbkpjfo3ankjp6zxbhpsi 230 124 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 230 125 p2 p2 NN work_n27ihsbkpjfo3ankjp6zxbhpsi 230 126 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 231 1 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 231 2 3b 3b LS work_n27ihsbkpjfo3ankjp6zxbhpsi 231 3 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 231 4 We -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 231 5 then then RB work_n27ihsbkpjfo3ankjp6zxbhpsi 231 6 used use VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 231 7 Monte Monte NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 231 8 Carlo Carlo NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 231 9 simulations simulation NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 231 10 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 231 11 place place VB work_n27ihsbkpjfo3ankjp6zxbhpsi 231 12 confidence confidence NN work_n27ihsbkpjfo3ankjp6zxbhpsi 231 13 intervals interval NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 231 14 around around IN work_n27ihsbkpjfo3ankjp6zxbhpsi 231 15 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 231 16 estimated estimate VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 231 17 mean mean JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 231 18 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 231 19 standard standard JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 231 20 deviation deviation NN work_n27ihsbkpjfo3ankjp6zxbhpsi 231 21 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 232 1 For for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 232 2 each each DT work_n27ihsbkpjfo3ankjp6zxbhpsi 232 3 Monte Monte NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 232 4 Carlo Carlo NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 232 5 trial trial NN work_n27ihsbkpjfo3ankjp6zxbhpsi 232 6 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 232 7 we -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 232 8 generated generate VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 232 9 two two CD work_n27ihsbkpjfo3ankjp6zxbhpsi 232 10 data datum NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 232 11 sets set NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 232 12 consisting consist VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 232 13 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 232 14 indicator indicator NN work_n27ihsbkpjfo3ankjp6zxbhpsi 232 15 random random JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 232 16 variables variable NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 232 17 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 232 18 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 232 19 used use VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 232 20 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 232 21 implied imply VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 232 22 p p NN work_n27ihsbkpjfo3ankjp6zxbhpsi 232 23 ’s ’s NN work_n27ihsbkpjfo3ankjp6zxbhpsi 232 24 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 232 25 these these DT work_n27ihsbkpjfo3ankjp6zxbhpsi 232 26 pseudo pseudo JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 232 27 data datum NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 232 28 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 232 29 solve solve VB work_n27ihsbkpjfo3ankjp6zxbhpsi 232 30 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 232 31 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 232 32 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 232 33 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 232 34 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 233 1 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 233 2 data data NN work_n27ihsbkpjfo3ankjp6zxbhpsi 233 3 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 233 4 generating generate VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 233 5 process process NN work_n27ihsbkpjfo3ankjp6zxbhpsi 233 6 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 233 7 each each DT work_n27ihsbkpjfo3ankjp6zxbhpsi 233 8 set set NN work_n27ihsbkpjfo3ankjp6zxbhpsi 233 9 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 233 10 indicator indicator NN work_n27ihsbkpjfo3ankjp6zxbhpsi 233 11 variables variable NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 233 12 was be VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 233 13 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 233 14 binomial binomial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 233 15 distribution distribution NN work_n27ihsbkpjfo3ankjp6zxbhpsi 233 16 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 233 17 parameter parameter NN work_n27ihsbkpjfo3ankjp6zxbhpsi 233 18 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 233 19 probability probability NN work_n27ihsbkpjfo3ankjp6zxbhpsi 233 20 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 233 21 success success NN work_n27ihsbkpjfo3ankjp6zxbhpsi 233 22 on on IN work_n27ihsbkpjfo3ankjp6zxbhpsi 233 23 each each DT work_n27ihsbkpjfo3ankjp6zxbhpsi 233 24 binomial binomial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 233 25 trial trial NN work_n27ihsbkpjfo3ankjp6zxbhpsi 233 26 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 233 27 equal equal JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 233 28 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 233 29 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 233 30 observed observed JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 233 31 p p NN work_n27ihsbkpjfo3ankjp6zxbhpsi 233 32 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 233 33 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 233 34 respective respective JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 233 35 subgame subgame NN work_n27ihsbkpjfo3ankjp6zxbhpsi 233 36 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 234 1 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 234 2 number number NN work_n27ihsbkpjfo3ankjp6zxbhpsi 234 3 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 234 4 observations observation NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 234 5 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 234 6 each each DT work_n27ihsbkpjfo3ankjp6zxbhpsi 234 7 set set NN work_n27ihsbkpjfo3ankjp6zxbhpsi 234 8 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 234 9 pseudo pseudo NN work_n27ihsbkpjfo3ankjp6zxbhpsi 234 10 data datum NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 234 11 was be VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 234 12 set set VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 234 13 equal equal JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 234 14 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 234 15 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 234 16 number number NN work_n27ihsbkpjfo3ankjp6zxbhpsi 234 17 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 234 18 actual actual JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 234 19 observations observation NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 234 20 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 234 21 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 234 22 respective respective JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 234 23 subgame subgame NN work_n27ihsbkpjfo3ankjp6zxbhpsi 234 24 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 235 1 We -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 235 2 repeated repeat VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 235 3 this this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 235 4 experiment experiment NN work_n27ihsbkpjfo3ankjp6zxbhpsi 235 5 1,000 1,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 235 6 times time NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 235 7 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 235 8 each each DT work_n27ihsbkpjfo3ankjp6zxbhpsi 235 9 regime regime NN work_n27ihsbkpjfo3ankjp6zxbhpsi 235 10 pair pair NN work_n27ihsbkpjfo3ankjp6zxbhpsi 235 11 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 235 12 behavioral behavioral JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 235 13 9 9 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 235 14 Hersch Hersch NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 235 15 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 235 16 McDougall McDougall NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 235 17 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 235 18 1997 1997 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 235 19 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 235 20 note note VB work_n27ihsbkpjfo3ankjp6zxbhpsi 235 21 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 235 22 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 235 23 median median JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 235 24 income income NN work_n27ihsbkpjfo3ankjp6zxbhpsi 235 25 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 235 26 Illinois Illinois NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 235 27 lottery lottery NN work_n27ihsbkpjfo3ankjp6zxbhpsi 235 28 players player NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 235 29 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 235 30 nearly nearly RB work_n27ihsbkpjfo3ankjp6zxbhpsi 235 31 identical identical JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 235 32 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 235 33 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 235 34 statewide statewide JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 235 35 figure figure NN work_n27ihsbkpjfo3ankjp6zxbhpsi 235 36 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 236 1 Although although IN work_n27ihsbkpjfo3ankjp6zxbhpsi 236 2 no no DT work_n27ihsbkpjfo3ankjp6zxbhpsi 236 3 figures figure NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 236 4 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 236 5 presented present VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 236 6 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 236 7 back back VB work_n27ihsbkpjfo3ankjp6zxbhpsi 236 8 this this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 236 9 claim claim NN work_n27ihsbkpjfo3ankjp6zxbhpsi 236 10 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 236 11 its -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 236 12 accuracy accuracy NN work_n27ihsbkpjfo3ankjp6zxbhpsi 236 13 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 236 14 subject subject JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 236 15 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 236 16 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 236 17 same same JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 236 18 problem problem NN work_n27ihsbkpjfo3ankjp6zxbhpsi 236 19 regarding regard VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 236 20 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 236 21 coarseness coarseness NN work_n27ihsbkpjfo3ankjp6zxbhpsi 236 22 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 236 23 variables variable NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 236 24 within within IN work_n27ihsbkpjfo3ankjp6zxbhpsi 236 25 census census NN work_n27ihsbkpjfo3ankjp6zxbhpsi 236 26 tracts tract NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 236 27 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 237 1 10 10 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 237 2 We -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 237 3 also also RB work_n27ihsbkpjfo3ankjp6zxbhpsi 237 4 collected collect VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 237 5 other other JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 237 6 census census NN work_n27ihsbkpjfo3ankjp6zxbhpsi 237 7 tract tract NN work_n27ihsbkpjfo3ankjp6zxbhpsi 237 8 data datum NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 237 9 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 237 10 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 237 11 contestant contestant JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 237 12 sample sample NN work_n27ihsbkpjfo3ankjp6zxbhpsi 237 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 237 14 like like IN work_n27ihsbkpjfo3ankjp6zxbhpsi 237 15 schooling schooling NN work_n27ihsbkpjfo3ankjp6zxbhpsi 237 16 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 237 17 household household NN work_n27ihsbkpjfo3ankjp6zxbhpsi 237 18 size size NN work_n27ihsbkpjfo3ankjp6zxbhpsi 237 19 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 237 20 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 237 21 age age NN work_n27ihsbkpjfo3ankjp6zxbhpsi 237 22 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 238 1 We -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 238 2 do do VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 238 3 not not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 238 4 show show VB work_n27ihsbkpjfo3ankjp6zxbhpsi 238 5 this this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 238 6 information information NN work_n27ihsbkpjfo3ankjp6zxbhpsi 238 7 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 238 8 due due IN work_n27ihsbkpjfo3ankjp6zxbhpsi 238 9 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 238 10 its -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 238 11 coarseness coarseness NN work_n27ihsbkpjfo3ankjp6zxbhpsi 238 12 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 238 13 insignificant insignificant JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 238 14 interregime interregime NN work_n27ihsbkpjfo3ankjp6zxbhpsi 238 15 variation variation NN work_n27ihsbkpjfo3ankjp6zxbhpsi 238 16 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 239 1 11 11 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 239 2 Although although IN work_n27ihsbkpjfo3ankjp6zxbhpsi 239 3 we -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 239 4 choose choose VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 239 5 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 239 6 normal normal JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 239 7 distribution distribution NN work_n27ihsbkpjfo3ankjp6zxbhpsi 239 8 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 239 9 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 239 10 analysis analysis NN work_n27ihsbkpjfo3ankjp6zxbhpsi 239 11 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 239 12 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 239 13 results result NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 239 14 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 239 15 qualitatively qualitatively RB work_n27ihsbkpjfo3ankjp6zxbhpsi 239 16 similar similar JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 239 17 if if IN work_n27ihsbkpjfo3ankjp6zxbhpsi 239 18 we -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 239 19 use use VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 239 20 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 239 21 one one CD work_n27ihsbkpjfo3ankjp6zxbhpsi 239 22 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 239 23 parameter parameter NN work_n27ihsbkpjfo3ankjp6zxbhpsi 239 24 symmetric symmetric JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 239 25 distribution distribution NN work_n27ihsbkpjfo3ankjp6zxbhpsi 239 26 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 239 27 such such JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 239 28 as as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 239 29 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 239 30 logistic logistic JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 239 31 distribution distribution NN work_n27ihsbkpjfo3ankjp6zxbhpsi 239 32 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 240 1 We -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 240 2 do do VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 240 3 not not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 240 4 know know VB work_n27ihsbkpjfo3ankjp6zxbhpsi 240 5 ex ex UH work_n27ihsbkpjfo3ankjp6zxbhpsi 240 6 ante ante NN work_n27ihsbkpjfo3ankjp6zxbhpsi 240 7 if if IN work_n27ihsbkpjfo3ankjp6zxbhpsi 240 8 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 240 9 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 240 10 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 240 11 parameters parameter NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 240 12 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 240 13 symmetrically symmetrically RB work_n27ihsbkpjfo3ankjp6zxbhpsi 240 14 distributed distribute VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 240 15 among among IN work_n27ihsbkpjfo3ankjp6zxbhpsi 240 16 individuals individual NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 240 17 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 240 18 but but CC work_n27ihsbkpjfo3ankjp6zxbhpsi 240 19 we -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 240 20 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 240 21 unaware unaware JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 240 22 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 240 23 hard hard JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 240 24 evidence evidence NN work_n27ihsbkpjfo3ankjp6zxbhpsi 240 25 showing show VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 240 26 otherwise otherwise RB work_n27ihsbkpjfo3ankjp6zxbhpsi 240 27 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 241 1 TABLE TABLE NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 241 2 3.—DESCRIPTIVE 3.—descriptive NN work_n27ihsbkpjfo3ankjp6zxbhpsi 241 3 STATISTICS STATISTICS NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 241 4 Regime Regime NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 241 5 Take Take NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 241 6 Gamble Gamble NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 241 7 ? ? . work_n27ihsbkpjfo3ankjp6zxbhpsi 242 1 Sample Sample NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 242 2 Size Size NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 242 3 Phase Phase NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 242 4 1 1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 242 5 Winnings Winnings NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 242 6 Median Median NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 242 7 Income Income NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 242 8 Per per IN work_n27ihsbkpjfo3ankjp6zxbhpsi 242 9 Capita Capita NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 242 10 Income Income NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 242 11 1.1 1.1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 242 12 No no DT work_n27ihsbkpjfo3ankjp6zxbhpsi 242 13 0 0 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 242 14 N.a N.a NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 242 15 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 243 1 N.a N.a NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 243 2 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 244 1 N.a N.a NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 244 2 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 245 1 Yes yes UH work_n27ihsbkpjfo3ankjp6zxbhpsi 245 2 5 5 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 245 3 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 245 4 19,000 19,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 245 5 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 245 6 26,101 26,101 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 245 7 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 245 8 11,323 11,323 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 245 9 Total total JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 245 10 5 5 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 245 11 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 245 12 19,000 19,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 245 13 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 245 14 26,101 26,101 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 245 15 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 245 16 11,323 11,323 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 245 17 1.2 1.2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 245 18 No no CD work_n27ihsbkpjfo3ankjp6zxbhpsi 245 19 0 0 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 245 20 N.a N.a NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 245 21 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 246 1 N.a N.a NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 246 2 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 247 1 N.a N.a NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 247 2 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 248 1 Yes yes UH work_n27ihsbkpjfo3ankjp6zxbhpsi 248 2 11 11 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 248 3 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 248 4 19,727 19,727 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 248 5 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 248 6 20,831 20,831 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 248 7 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 248 8 11,149 11,149 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 248 9 Total total JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 248 10 11 11 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 248 11 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 248 12 19,727 19,727 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 248 13 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 248 14 20,831 20,831 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 248 15 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 248 16 11,149 11,149 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 248 17 2.1 2.1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 248 18 No no DT work_n27ihsbkpjfo3ankjp6zxbhpsi 248 19 2 2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 248 20 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 248 21 16,500 16,500 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 248 22 Missing miss VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 248 23 obs obs NN work_n27ihsbkpjfo3ankjp6zxbhpsi 248 24 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 249 1 Missing miss VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 249 2 obs obs NN work_n27ihsbkpjfo3ankjp6zxbhpsi 249 3 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 250 1 Yes yes UH work_n27ihsbkpjfo3ankjp6zxbhpsi 250 2 13 13 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 250 3 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 250 4 20,769 20,769 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 250 5 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 250 6 27,300 27,300 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 250 7 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 250 8 11,991 11,991 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 250 9 Total total JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 250 10 15 15 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 250 11 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 250 12 20,200 20,200 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 250 13 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 250 14 27,850 27,850 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 250 15 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 250 16 12,374 12,374 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 250 17 2.2 2.2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 250 18 No no CD work_n27ihsbkpjfo3ankjp6zxbhpsi 250 19 14 14 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 250 20 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 250 21 21,143 21,143 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 250 22 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 250 23 29,702 29,702 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 250 24 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 250 25 13,436 13,436 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 250 26 Yes yes CC work_n27ihsbkpjfo3ankjp6zxbhpsi 250 27 4 4 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 250 28 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 250 29 21,500 21,500 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 250 30 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 250 31 28,500 28,500 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 250 32 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 250 33 12,937 12,937 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 250 34 Total total JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 250 35 18 18 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 250 36 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 250 37 21,222 21,222 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 250 38 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 250 39 29,419 29,419 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 250 40 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 250 41 13,319 13,319 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 250 42 3.1 3.1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 250 43 No no DT work_n27ihsbkpjfo3ankjp6zxbhpsi 250 44 16 16 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 250 45 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 250 46 21,281 21,281 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 250 47 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 250 48 27,790 27,790 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 250 49 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 250 50 13,087 13,087 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 250 51 Yes yes UH work_n27ihsbkpjfo3ankjp6zxbhpsi 250 52 2 2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 250 53 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 250 54 20,000 20,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 250 55 Missing miss VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 250 56 obs obs NN work_n27ihsbkpjfo3ankjp6zxbhpsi 250 57 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 251 1 Missing miss VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 251 2 obs obs NN work_n27ihsbkpjfo3ankjp6zxbhpsi 251 3 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 252 1 Total total JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 252 2 18 18 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 252 3 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 252 4 21,139 21,139 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 252 5 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 252 6 27,647 27,647 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 252 7 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 252 8 12,986 12,986 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 252 9 3.2 3.2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 252 10 No no CD work_n27ihsbkpjfo3ankjp6zxbhpsi 252 11 24 24 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 252 12 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 252 13 19,688 19,688 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 252 14 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 252 15 27,114 27,114 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 252 16 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 252 17 11,872 11,872 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 252 18 Yes yes UH work_n27ihsbkpjfo3ankjp6zxbhpsi 252 19 3 3 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 252 20 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 252 21 19,667 19,667 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 252 22 Missing miss VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 252 23 obs obs NN work_n27ihsbkpjfo3ankjp6zxbhpsi 252 24 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 253 1 Missing miss VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 253 2 obs obs NN work_n27ihsbkpjfo3ankjp6zxbhpsi 253 3 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 254 1 Total total JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 254 2 27 27 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 254 3 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 254 4 19,685 19,685 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 254 5 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 254 6 27,770 27,770 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 254 7 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 254 8 12,032 12,032 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 254 9 4.0 4.0 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 254 10 No no NN work_n27ihsbkpjfo3ankjp6zxbhpsi 254 11 59 59 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 254 12 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 254 13 20,829 20,829 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 254 14 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 254 15 28,063 28,063 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 254 16 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 254 17 12,636 12,636 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 254 18 Yes yes NN work_n27ihsbkpjfo3ankjp6zxbhpsi 254 19 129 129 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 254 20 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 254 21 20,474 20,474 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 254 22 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 254 23 27,448 27,448 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 254 24 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 254 25 12,655 12,655 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 254 26 Total total JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 254 27 188 188 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 254 28 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 254 29 20,586 20,586 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 254 30 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 254 31 27,645 27,645 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 254 32 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 254 33 12,649 12,649 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 254 34 Total Total NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 254 35 282 282 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 254 36 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 254 37 20,493 20,493 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 254 38 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 254 39 27,525 27,525 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 254 40 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 254 41 12,563 12,563 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 254 42 Indiana Indiana NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 254 43 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 254 44 28,797 28,797 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 254 45 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 254 46 13,149 13,149 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 254 47 Each each DT work_n27ihsbkpjfo3ankjp6zxbhpsi 254 48 regime regime NN work_n27ihsbkpjfo3ankjp6zxbhpsi 254 49 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 254 50 indexed index VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 254 51 by by IN work_n27ihsbkpjfo3ankjp6zxbhpsi 254 52 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 254 53 value value NN work_n27ihsbkpjfo3ankjp6zxbhpsi 254 54 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 254 55 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 254 56 contestant contestant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 254 57 ’s ’s POS work_n27ihsbkpjfo3ankjp6zxbhpsi 254 58 first first JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 254 59 draw draw NN work_n27ihsbkpjfo3ankjp6zxbhpsi 254 60 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 255 1 A a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 255 2 .1 .1 NN work_n27ihsbkpjfo3ankjp6zxbhpsi 255 3 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 255 4 .2 .2 NFP work_n27ihsbkpjfo3ankjp6zxbhpsi 255 5 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 255 6 extension extension NN work_n27ihsbkpjfo3ankjp6zxbhpsi 255 7 denotes denote VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 255 8 an an DT work_n27ihsbkpjfo3ankjp6zxbhpsi 255 9 initial initial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 255 10 draw draw NN work_n27ihsbkpjfo3ankjp6zxbhpsi 255 11 equal equal JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 255 12 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 255 13 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 255 14 higher high JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 255 15 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 255 16 lower low JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 255 17 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 255 18 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 255 19 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 255 20 two two CD work_n27ihsbkpjfo3ankjp6zxbhpsi 255 21 intermediate intermediate JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 255 22 dollar dollar NN work_n27ihsbkpjfo3ankjp6zxbhpsi 255 23 prizes prize NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 255 24 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 256 1 Phase phase NN work_n27ihsbkpjfo3ankjp6zxbhpsi 256 2 1 1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 256 3 refers refer VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 256 4 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 256 5 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 256 6 preliminary preliminary JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 256 7 phase phase NN work_n27ihsbkpjfo3ankjp6zxbhpsi 256 8 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 256 9 Hoosier Hoosier NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 256 10 Millionaire Millionaire NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 256 11 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 256 12 during during IN work_n27ihsbkpjfo3ankjp6zxbhpsi 256 13 which which WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 256 14 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 256 15 randomly randomly RB work_n27ihsbkpjfo3ankjp6zxbhpsi 256 16 draw draw VB work_n27ihsbkpjfo3ankjp6zxbhpsi 256 17 cash cash NN work_n27ihsbkpjfo3ankjp6zxbhpsi 256 18 prizes prize NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 256 19 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 257 1 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 257 2 contestant contestant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 257 3 amassing amass VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 257 4 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 257 5 most most JJS work_n27ihsbkpjfo3ankjp6zxbhpsi 257 6 cash cash NN work_n27ihsbkpjfo3ankjp6zxbhpsi 257 7 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 257 8 phase phase NN work_n27ihsbkpjfo3ankjp6zxbhpsi 257 9 1 1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 257 10 moves move NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 257 11 on on RP work_n27ihsbkpjfo3ankjp6zxbhpsi 257 12 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 257 13 phase phase VB work_n27ihsbkpjfo3ankjp6zxbhpsi 257 14 2 2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 257 15 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 257 16 where where WRB work_n27ihsbkpjfo3ankjp6zxbhpsi 257 17 she -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 257 18 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 257 19 confronted confront VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 257 20 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 257 21 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 257 22 gambles gamble NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 257 23 analyzed analyze VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 257 24 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 257 25 this this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 257 26 paper paper NN work_n27ihsbkpjfo3ankjp6zxbhpsi 257 27 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 258 1 Income income NN work_n27ihsbkpjfo3ankjp6zxbhpsi 258 2 figures figure NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 258 3 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 258 4 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 258 5 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 258 6 1990 1990 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 258 7 Census Census NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 258 8 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 259 1 Median median JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 259 2 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 259 3 per per IN work_n27ihsbkpjfo3ankjp6zxbhpsi 259 4 capita capita NN work_n27ihsbkpjfo3ankjp6zxbhpsi 259 5 incomes income NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 259 6 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 259 7 not not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 259 8 available available JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 259 9 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 259 10 all all DT work_n27ihsbkpjfo3ankjp6zxbhpsi 259 11 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 259 12 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 259 13 due due IN work_n27ihsbkpjfo3ankjp6zxbhpsi 259 14 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 259 15 lack lack NN work_n27ihsbkpjfo3ankjp6zxbhpsi 259 16 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 259 17 demographic demographic JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 259 18 information information NN work_n27ihsbkpjfo3ankjp6zxbhpsi 259 19 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 260 1 This this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 260 2 affects affect VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 260 3 seven seven CD work_n27ihsbkpjfo3ankjp6zxbhpsi 260 4 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 260 5 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 260 6 regime regime NN work_n27ihsbkpjfo3ankjp6zxbhpsi 260 7 4 4 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 260 8 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 260 9 two two CD work_n27ihsbkpjfo3ankjp6zxbhpsi 260 10 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 260 11 regime regime NN work_n27ihsbkpjfo3ankjp6zxbhpsi 260 12 2 2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 260 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 260 14 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 260 15 two two CD work_n27ihsbkpjfo3ankjp6zxbhpsi 260 16 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 260 17 regime regime NN work_n27ihsbkpjfo3ankjp6zxbhpsi 260 18 1 1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 260 19 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 261 1 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 261 2 Missing miss VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 261 3 obs obs NN work_n27ihsbkpjfo3ankjp6zxbhpsi 261 4 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 261 5 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 261 6 denotes denote VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 261 7 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 261 8 cell cell NN work_n27ihsbkpjfo3ankjp6zxbhpsi 261 9 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 261 10 which which WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 261 11 demographic demographic JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 261 12 information information NN work_n27ihsbkpjfo3ankjp6zxbhpsi 261 13 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 261 14 missing miss VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 261 15 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 261 16 at at RB work_n27ihsbkpjfo3ankjp6zxbhpsi 261 17 least least RBS work_n27ihsbkpjfo3ankjp6zxbhpsi 261 18 one one CD work_n27ihsbkpjfo3ankjp6zxbhpsi 261 19 contestant contestant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 261 20 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 262 1 N.a N.a NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 262 2 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 263 1 � � JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 263 2 nonapplicable nonapplicable JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 263 3 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 264 1 NOTES NOTES NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 264 2 223 223 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 264 3 assumption assumption NN work_n27ihsbkpjfo3ankjp6zxbhpsi 264 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 264 5 ranked rank VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 264 6 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 264 7 estimated estimate VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 264 8 means mean NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 264 9 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 264 10 standard standard JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 264 11 devi- devi- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 264 12 ations ation NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 264 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 264 14 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 264 15 identified identify VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 264 16 90 90 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 264 17 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 264 18 confidence confidence NN work_n27ihsbkpjfo3ankjp6zxbhpsi 264 19 intervals interval NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 264 20 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 265 1 Although although IN work_n27ihsbkpjfo3ankjp6zxbhpsi 265 2 we -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 265 3 performed perform VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 265 4 this this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 265 5 experiment experiment NN work_n27ihsbkpjfo3ankjp6zxbhpsi 265 6 using use VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 265 7 several several JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 265 8 pairs pair NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 265 9 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 265 10 subgames subgame NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 265 11 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 265 12 we -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 265 13 focus focus VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 265 14 on on IN work_n27ihsbkpjfo3ankjp6zxbhpsi 265 15 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 265 16 pairing pairing NN work_n27ihsbkpjfo3ankjp6zxbhpsi 265 17 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 265 18 regimes regime NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 265 19 4 4 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 265 20 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 265 21 3.2.12 3.2.12 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 265 22 Table table NN work_n27ihsbkpjfo3ankjp6zxbhpsi 265 23 4 4 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 265 24 reports report NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 265 25 estimated estimate VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 265 26 means mean NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 265 27 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 265 28 variances variance NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 265 29 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 265 30 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 265 31 CARA CARA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 265 32 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 265 33 CRRA CRRA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 265 34 coefficients coefficient NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 265 35 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 265 36 each each DT work_n27ihsbkpjfo3ankjp6zxbhpsi 265 37 behavioral behavioral JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 265 38 assumption assumption NN work_n27ihsbkpjfo3ankjp6zxbhpsi 265 39 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 265 40 along along IN work_n27ihsbkpjfo3ankjp6zxbhpsi 265 41 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 265 42 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 265 43 Monte Monte NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 265 44 Carlo Carlo NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 265 45 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 265 46 generated generate VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 265 47 90 90 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 265 48 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 265 49 confidence confidence NN work_n27ihsbkpjfo3ankjp6zxbhpsi 265 50 intervals interval NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 265 51 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 266 1 B. B. NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 267 1 Results result NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 267 2 A a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 267 3 feature feature NN work_n27ihsbkpjfo3ankjp6zxbhpsi 267 4 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 267 5 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 267 6 results result NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 267 7 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 267 8 their -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 267 9 robustness robustness NN work_n27ihsbkpjfo3ankjp6zxbhpsi 267 10 across across IN work_n27ihsbkpjfo3ankjp6zxbhpsi 267 11 utility utility NN work_n27ihsbkpjfo3ankjp6zxbhpsi 267 12 specifications specification NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 267 13 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 268 1 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 268 2 parameter parameter NN work_n27ihsbkpjfo3ankjp6zxbhpsi 268 3 estimates estimate VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 268 4 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 268 5 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 268 6 CARA CARA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 268 7 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 268 8 CRRA CRRA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 268 9 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 268 10 W0 w0 NN work_n27ihsbkpjfo3ankjp6zxbhpsi 268 11 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 268 12 functions function NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 268 13 yield yield VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 268 14 similar similar JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 268 15 distributions distribution NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 268 16 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 268 17 exhibit exhibit NN work_n27ihsbkpjfo3ankjp6zxbhpsi 268 18 comparable comparable JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 268 19 patterns pattern NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 268 20 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 269 1 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 269 2 following follow VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 269 3 discussion discussion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 269 4 makes make VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 269 5 use use NN work_n27ihsbkpjfo3ankjp6zxbhpsi 269 6 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 269 7 this this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 269 8 similarity similarity NN work_n27ihsbkpjfo3ankjp6zxbhpsi 269 9 by by IN work_n27ihsbkpjfo3ankjp6zxbhpsi 269 10 grouping group VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 269 11 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 269 12 results result NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 269 13 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 269 14 both both DT work_n27ihsbkpjfo3ankjp6zxbhpsi 269 15 specifica- specifica- JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 269 16 tions tion NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 269 17 whenever whenever WRB work_n27ihsbkpjfo3ankjp6zxbhpsi 269 18 possible possible JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 269 19 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 270 1 First first RB work_n27ihsbkpjfo3ankjp6zxbhpsi 270 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 270 3 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 270 4 results result NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 270 5 consistently consistently RB work_n27ihsbkpjfo3ankjp6zxbhpsi 270 6 support support VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 270 7 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 270 8 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 270 9 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 271 1 Esti- Esti- NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 271 2 mated mate VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 271 3 mean mean JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 271 4 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 271 5 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 271 6 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 271 7 coefficients coefficient NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 271 8 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 271 9 always always RB work_n27ihsbkpjfo3ankjp6zxbhpsi 271 10 positive positive JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 271 11 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 271 12 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 271 13 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 271 14 confidence confidence NN work_n27ihsbkpjfo3ankjp6zxbhpsi 271 15 intervals interval NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 271 16 around around IN work_n27ihsbkpjfo3ankjp6zxbhpsi 271 17 these these DT work_n27ihsbkpjfo3ankjp6zxbhpsi 271 18 means mean NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 271 19 never never RB work_n27ihsbkpjfo3ankjp6zxbhpsi 271 20 include include VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 271 21 zero zero CD work_n27ihsbkpjfo3ankjp6zxbhpsi 271 22 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 272 1 Mean mean JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 272 2 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 272 3 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 272 4 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 272 5 parameter parameter NN work_n27ihsbkpjfo3ankjp6zxbhpsi 272 6 estimates estimate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 272 7 under under IN work_n27ihsbkpjfo3ankjp6zxbhpsi 272 8 CARA CARA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 272 9 range range VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 272 10 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 272 11 4.8E 4.8E NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 272 12 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 272 13 6 6 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 272 14 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 272 15 9.7E 9.7e CD work_n27ihsbkpjfo3ankjp6zxbhpsi 272 16 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 272 17 6 6 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 272 18 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 272 19 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 272 20 those those DT work_n27ihsbkpjfo3ankjp6zxbhpsi 272 21 under under IN work_n27ihsbkpjfo3ankjp6zxbhpsi 272 22 CRRA CRRA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 272 23 range range VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 272 24 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 272 25 0.64 0.64 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 272 26 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 272 27 1.43 1.43 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 272 28 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 273 1 Moreover moreover RB work_n27ihsbkpjfo3ankjp6zxbhpsi 273 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 273 3 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 273 4 minimum minimum NN work_n27ihsbkpjfo3ankjp6zxbhpsi 273 5 means mean NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 273 6 implied imply VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 273 7 by by IN work_n27ihsbkpjfo3ankjp6zxbhpsi 273 8 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 273 9 Monte Monte NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 273 10 Carlo Carlo NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 273 11 simulations simulation NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 273 12 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 273 13 always always RB work_n27ihsbkpjfo3ankjp6zxbhpsi 273 14 positive positive JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 273 15 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 274 1 This this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 274 2 evidence evidence NN work_n27ihsbkpjfo3ankjp6zxbhpsi 274 3 supports support VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 274 4 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 274 5 hypothesis hypothesis NN work_n27ihsbkpjfo3ankjp6zxbhpsi 274 6 that that WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 274 7 on on IN work_n27ihsbkpjfo3ankjp6zxbhpsi 274 8 average average JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 274 9 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 274 10 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 274 11 individuals individual NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 274 12 on on IN work_n27ihsbkpjfo3ankjp6zxbhpsi 274 13 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 274 14 sample sample NN work_n27ihsbkpjfo3ankjp6zxbhpsi 274 15 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 274 16 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 274 17 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 274 18 averse averse RB work_n27ihsbkpjfo3ankjp6zxbhpsi 274 19 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 275 1 However however RB work_n27ihsbkpjfo3ankjp6zxbhpsi 275 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 275 3 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 275 4 estimated estimate VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 275 5 standard standard JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 275 6 deviations deviation NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 275 7 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 275 8 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 275 9 risk- risk- JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 275 10 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 275 11 parameters parameter NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 275 12 indicate indicate VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 275 13 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 275 14 some some DT work_n27ihsbkpjfo3ankjp6zxbhpsi 275 15 individuals individual NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 275 16 may may MD work_n27ihsbkpjfo3ankjp6zxbhpsi 275 17 display display VB work_n27ihsbkpjfo3ankjp6zxbhpsi 275 18 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 275 19 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 275 20 neutral neutral JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 275 21 or or CC work_n27ihsbkpjfo3ankjp6zxbhpsi 275 22 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 275 23 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 275 24 loving love VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 275 25 preferences preference NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 275 26 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 276 1 This this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 276 2 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 276 3 par- par- RB work_n27ihsbkpjfo3ankjp6zxbhpsi 276 4 ticularly ticularly RB work_n27ihsbkpjfo3ankjp6zxbhpsi 276 5 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 276 6 case case NN work_n27ihsbkpjfo3ankjp6zxbhpsi 276 7 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 276 8 CRRA CRRA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 276 9 utility utility NN work_n27ihsbkpjfo3ankjp6zxbhpsi 276 10 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 276 11 where where WRB work_n27ihsbkpjfo3ankjp6zxbhpsi 276 12 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 276 13 significant significant JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 276 14 fraction fraction NN work_n27ihsbkpjfo3ankjp6zxbhpsi 276 15 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 276 16 estimated estimate VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 276 17 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 276 18 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 276 19 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 276 20 parameters parameter NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 276 21 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 276 22 nonposi- nonposi- RB work_n27ihsbkpjfo3ankjp6zxbhpsi 276 23 tive tive JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 276 24 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 277 1 A a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 277 2 two two CD work_n27ihsbkpjfo3ankjp6zxbhpsi 277 3 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 277 4 standard standard NN work_n27ihsbkpjfo3ankjp6zxbhpsi 277 5 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 277 6 deviation deviation NN work_n27ihsbkpjfo3ankjp6zxbhpsi 277 7 interval interval NN work_n27ihsbkpjfo3ankjp6zxbhpsi 277 8 around around IN work_n27ihsbkpjfo3ankjp6zxbhpsi 277 9 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 277 10 mean mean JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 277 11 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 277 12 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 277 13 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 277 14 parameter parameter NN work_n27ihsbkpjfo3ankjp6zxbhpsi 277 15 generally generally RB work_n27ihsbkpjfo3ankjp6zxbhpsi 277 16 includes include VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 277 17 only only RB work_n27ihsbkpjfo3ankjp6zxbhpsi 277 18 positive positive JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 277 19 values value NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 277 20 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 277 21 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 277 22 CARA CARA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 277 23 utility utility NN work_n27ihsbkpjfo3ankjp6zxbhpsi 277 24 function function NN work_n27ihsbkpjfo3ankjp6zxbhpsi 277 25 but but CC work_n27ihsbkpjfo3ankjp6zxbhpsi 277 26 encompasses encompass VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 277 27 zero zero CD work_n27ihsbkpjfo3ankjp6zxbhpsi 277 28 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 277 29 negative negative JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 277 30 values value NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 277 31 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 277 32 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 277 33 CRRA CRRA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 277 34 one one CD work_n27ihsbkpjfo3ankjp6zxbhpsi 277 35 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 278 1 Our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 278 2 second second JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 278 3 main main JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 278 4 result result NN work_n27ihsbkpjfo3ankjp6zxbhpsi 278 5 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 278 6 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 278 7 different different JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 278 8 behavioral behavioral JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 278 9 as- as- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 278 10 sumptions sumption NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 278 11 affect affect VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 278 12 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 278 13 estimates estimate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 278 14 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 278 15 mean mean JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 278 16 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 278 17 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 278 18 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 279 1 For for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 279 2 12 12 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 279 3 Strictly strictly RB work_n27ihsbkpjfo3ankjp6zxbhpsi 279 4 speaking speak VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 279 5 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 279 6 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 279 7 distribution distribution NN work_n27ihsbkpjfo3ankjp6zxbhpsi 279 8 parameters parameter NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 279 9 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 279 10 overidentified overidentifie VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 279 11 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 279 12 as as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 279 13 there there EX work_n27ihsbkpjfo3ankjp6zxbhpsi 279 14 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 279 15 several several JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 279 16 regime regime NN work_n27ihsbkpjfo3ankjp6zxbhpsi 279 17 pairs pair NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 279 18 that that WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 279 19 could could MD work_n27ihsbkpjfo3ankjp6zxbhpsi 279 20 be be VB work_n27ihsbkpjfo3ankjp6zxbhpsi 279 21 used use VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 279 22 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 279 23 estimate estimate VB work_n27ihsbkpjfo3ankjp6zxbhpsi 279 24 them -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 279 25 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 280 1 However however RB work_n27ihsbkpjfo3ankjp6zxbhpsi 280 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 280 3 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 280 4 choice choice NN work_n27ihsbkpjfo3ankjp6zxbhpsi 280 5 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 280 6 regime regime NN work_n27ihsbkpjfo3ankjp6zxbhpsi 280 7 pairs pair NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 280 8 does do VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 280 9 not not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 280 10 introduce introduce VB work_n27ihsbkpjfo3ankjp6zxbhpsi 280 11 major major JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 280 12 qualitative qualitative JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 280 13 variations variation NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 280 14 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 280 15 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 280 16 estimates estimate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 280 17 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 281 1 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 281 2 similar similar JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 281 3 results result NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 281 4 we -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 281 5 obtained obtain VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 281 6 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 281 7 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 281 8 logistic logistic JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 281 9 case case NN work_n27ihsbkpjfo3ankjp6zxbhpsi 281 10 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 281 11 which which WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 281 12 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 281 13 not not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 281 14 subject subject JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 281 15 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 281 16 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 281 17 pairing pairing NN work_n27ihsbkpjfo3ankjp6zxbhpsi 281 18 problem problem NN work_n27ihsbkpjfo3ankjp6zxbhpsi 281 19 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 281 20 reinforce reinforce VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 281 21 this this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 281 22 point point NN work_n27ihsbkpjfo3ankjp6zxbhpsi 281 23 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 282 1 TABLE table NN work_n27ihsbkpjfo3ankjp6zxbhpsi 282 2 4.—ESTIMATES 4.—estimates NN work_n27ihsbkpjfo3ankjp6zxbhpsi 282 3 OF of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 282 4 RISK risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 282 5 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 282 6 AVERSION aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 282 7 COEFFICIENTS COEFFICIENTS NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 282 8 Utility utility NN work_n27ihsbkpjfo3ankjp6zxbhpsi 282 9 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 282 10 Function Function NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 282 11 Specification Specification NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 282 12 Coefficient Coefficient NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 282 13 at at IN work_n27ihsbkpjfo3ankjp6zxbhpsi 282 14 Rationality Rationality NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 282 15 Assumption Assumption NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 282 16 FR FR NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 282 17 r r NN work_n27ihsbkpjfo3ankjp6zxbhpsi 282 18 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 282 19 10 10 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 282 20 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 282 21 BR1 BR1 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 282 22 r r NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 282 23 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 282 24 0 0 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 282 25 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 282 26 BR2 BR2 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 282 27 r r NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 282 28 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 282 29 10 10 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 282 30 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 282 31 BR3 BR3 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 282 32 r r NN work_n27ihsbkpjfo3ankjp6zxbhpsi 282 33 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 282 34 0 0 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 282 35 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 282 36 CARA CARA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 282 37 Mean Mean NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 282 38 4.8221 4.8221 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 282 39 5.9715 5.9715 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 282 40 8.3127 8.3127 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 282 41 9.0882 9.0882 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 282 42 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 282 43 90 90 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 282 44 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 282 45 c.i c.i NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 282 46 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 282 47 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 283 1 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 283 2 4.2107 4.2107 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 283 3 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 283 4 5.3983 5.3983 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 283 5 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 283 6 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 283 7 5.5370 5.5370 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 283 8 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 283 9 6.4775 6.4775 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 283 10 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 283 11 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 283 12 7.0160 7.0160 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 283 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 283 14 9.6262 9.6262 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 283 15 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 283 16 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 283 17 8.2018 8.2018 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 283 18 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 283 19 10.3005 10.3005 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 283 20 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 283 21 Std Std NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 283 22 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 284 1 dev dev NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 284 2 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 285 1 0.1702 0.1702 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 285 2 0.1479 0.1479 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 285 3 0.2556 0.2556 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 285 4 0.2271 0.2271 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 285 5 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 285 6 90 90 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 285 7 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 285 8 c.i c.i NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 285 9 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 285 10 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 286 1 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 286 2 0.1428 0.1428 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 286 3 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 286 4 0.2017 0.2017 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 286 5 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 286 6 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 286 7 0.1224 0.1224 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 286 8 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 286 9 0.1754 0.1754 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 286 10 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 286 11 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 286 12 0.2159 0.2159 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 286 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 286 14 0.3029 0.3029 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 286 15 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 286 16 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 286 17 0.2159 0.2159 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 286 18 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 286 19 0.3029 0.3029 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 286 20 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 286 21 CRRA CRRA NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 286 22 Mean mean JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 286 23 0.6319 0.6319 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 286 24 1.0193 1.0193 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 286 25 0.8752 0.8752 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 286 26 1.1738 1.1738 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 286 27 W0 w0 NN work_n27ihsbkpjfo3ankjp6zxbhpsi 286 28 � � : work_n27ihsbkpjfo3ankjp6zxbhpsi 286 29 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 286 30 20,000 20,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 286 31 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 286 32 90 90 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 286 33 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 286 34 c.i c.i NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 286 35 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 286 36 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 287 1 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 287 2 0.5750 0.5750 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 287 3 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 287 4 0.6970 0.6970 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 287 5 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 287 6 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 287 7 0.9746 0.9746 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 287 8 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 287 9 1.0585 1.0585 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 287 10 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 287 11 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 287 12 0.7389 0.7389 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 287 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 287 14 1.0288 1.0288 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 287 15 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 287 16 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 287 17 1.0986 1.0986 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 287 18 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 287 19 1.2589 1.2589 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 287 20 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 287 21 Std Std NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 287 22 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 288 1 dev dev NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 288 2 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 289 1 0.5667 0.5667 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 289 2 0.4471 0.4471 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 289 3 0.8130 0.8130 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 289 4 0.6214 0.6214 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 289 5 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 289 6 90 90 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 289 7 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 289 8 c.i c.i NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 289 9 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 289 10 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 290 1 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 290 2 0.4771 0.4771 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 290 3 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 290 4 0.6676 0.6676 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 290 5 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 290 6 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 290 7 0.3751 0.3751 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 290 8 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 290 9 0.5274 0.5274 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 290 10 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 290 11 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 290 12 0.6774 0.6774 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 290 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 290 14 0.9517 0.9517 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 290 15 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 290 16 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 290 17 0.5232 0.5232 UH work_n27ihsbkpjfo3ankjp6zxbhpsi 290 18 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 290 19 0.7268 0.7268 LS work_n27ihsbkpjfo3ankjp6zxbhpsi 290 20 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 290 21 CRRA CRRA NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 290 22 Mean mean VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 290 23 0.8078 0.8078 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 290 24 1.2430 1.2430 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 290 25 1.0598 1.0598 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 290 26 1.3911 1.3911 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 290 27 W1 W1 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 290 28 � � : work_n27ihsbkpjfo3ankjp6zxbhpsi 290 29 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 290 30 48,000 48,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 290 31 Std std NN work_n27ihsbkpjfo3ankjp6zxbhpsi 290 32 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 291 1 dev dev NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 291 2 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 292 1 0.6504 0.6504 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 292 2 0.5061 0.5061 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 292 3 0.8951 0.8951 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 292 4 0.6755 0.6755 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 292 5 Estimates estimate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 292 6 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 292 7 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 292 8 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 292 9 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 292 10 coefficients coefficient NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 292 11 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 292 12 obtained obtain VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 292 13 by by IN work_n27ihsbkpjfo3ankjp6zxbhpsi 292 14 using use VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 292 15 maximum maximum JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 292 16 likelihood likelihood NN work_n27ihsbkpjfo3ankjp6zxbhpsi 292 17 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 292 18 observations observation NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 292 19 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 292 20 regimes regime NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 292 21 4.0 4.0 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 292 22 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 292 23 3.2 3.2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 292 24 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 292 25 estimate estimate VB work_n27ihsbkpjfo3ankjp6zxbhpsi 292 26 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 292 27 system system NN work_n27ihsbkpjfo3ankjp6zxbhpsi 292 28 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 292 29 equations equation NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 292 30 described describe VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 292 31 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 292 32 equations equation NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 292 33 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 292 34 3a)–(3b 3a)–(3b CD work_n27ihsbkpjfo3ankjp6zxbhpsi 292 35 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 292 36 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 292 37 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 292 38 text text NN work_n27ihsbkpjfo3ankjp6zxbhpsi 292 39 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 293 1 Each each DT work_n27ihsbkpjfo3ankjp6zxbhpsi 293 2 regime regime NN work_n27ihsbkpjfo3ankjp6zxbhpsi 293 3 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 293 4 indexed index VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 293 5 by by IN work_n27ihsbkpjfo3ankjp6zxbhpsi 293 6 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 293 7 value value NN work_n27ihsbkpjfo3ankjp6zxbhpsi 293 8 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 293 9 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 293 10 contestant contestant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 293 11 ’s ’s POS work_n27ihsbkpjfo3ankjp6zxbhpsi 293 12 first first JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 293 13 draw draw NN work_n27ihsbkpjfo3ankjp6zxbhpsi 293 14 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 294 1 A a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 294 2 .2 .2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 294 3 extension extension NN work_n27ihsbkpjfo3ankjp6zxbhpsi 294 4 denotes denote VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 294 5 an an DT work_n27ihsbkpjfo3ankjp6zxbhpsi 294 6 initial initial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 294 7 draw draw NN work_n27ihsbkpjfo3ankjp6zxbhpsi 294 8 equal equal JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 294 9 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 294 10 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 294 11 lower low JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 294 12 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 294 13 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 294 14 two two CD work_n27ihsbkpjfo3ankjp6zxbhpsi 294 15 intermediate intermediate JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 294 16 dollar dollar NN work_n27ihsbkpjfo3ankjp6zxbhpsi 294 17 prizes prize NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 294 18 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 295 1 Fully fully RB work_n27ihsbkpjfo3ankjp6zxbhpsi 295 2 rational rational JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 295 3 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 295 4 FR FR NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 295 5 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 295 6 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 295 7 perform perform VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 295 8 backward backward JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 295 9 induction induction NN work_n27ihsbkpjfo3ankjp6zxbhpsi 295 10 at at IN work_n27ihsbkpjfo3ankjp6zxbhpsi 295 11 each each DT work_n27ihsbkpjfo3ankjp6zxbhpsi 295 12 node node NN work_n27ihsbkpjfo3ankjp6zxbhpsi 295 13 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 295 14 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 295 15 tree tree NN work_n27ihsbkpjfo3ankjp6zxbhpsi 295 16 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 295 17 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 295 18 discount discount NN work_n27ihsbkpjfo3ankjp6zxbhpsi 295 19 annuity annuity NN work_n27ihsbkpjfo3ankjp6zxbhpsi 295 20 payments payment NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 295 21 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 296 1 Each each DT work_n27ihsbkpjfo3ankjp6zxbhpsi 296 2 contestant contestant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 296 3 may may MD work_n27ihsbkpjfo3ankjp6zxbhpsi 296 4 use use VB work_n27ihsbkpjfo3ankjp6zxbhpsi 296 5 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 296 6 different different JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 296 7 discount discount NN work_n27ihsbkpjfo3ankjp6zxbhpsi 296 8 rate rate NN work_n27ihsbkpjfo3ankjp6zxbhpsi 296 9 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 297 1 Thus thus RB work_n27ihsbkpjfo3ankjp6zxbhpsi 297 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 297 3 FR FR NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 297 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 297 5 r r NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 297 6 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 297 7 10 10 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 297 8 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 297 9 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 297 10 refers refer VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 297 11 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 297 12 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 297 13 fully fully RB work_n27ihsbkpjfo3ankjp6zxbhpsi 297 14 rational rational JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 297 15 contestant contestant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 297 16 who who WP work_n27ihsbkpjfo3ankjp6zxbhpsi 297 17 discounts discount VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 297 18 future future JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 297 19 cash cash NN work_n27ihsbkpjfo3ankjp6zxbhpsi 297 20 flows flow NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 297 21 using use VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 297 22 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 297 23 10 10 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 297 24 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 297 25 rate rate NN work_n27ihsbkpjfo3ankjp6zxbhpsi 297 26 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 298 1 Boundedly boundedly RB work_n27ihsbkpjfo3ankjp6zxbhpsi 298 2 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 298 3 rational-1 rational-1 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 298 4 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 298 5 BR1 BR1 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 298 6 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 298 7 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 298 8 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 298 9 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 298 10 same same JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 298 11 as as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 298 12 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 298 13 FR FR NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 298 14 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 298 15 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 298 16 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 298 17 exception exception NN work_n27ihsbkpjfo3ankjp6zxbhpsi 298 18 that that WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 298 19 they -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 298 20 use use VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 298 21 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 298 22 discount discount NN work_n27ihsbkpjfo3ankjp6zxbhpsi 298 23 rate rate NN work_n27ihsbkpjfo3ankjp6zxbhpsi 298 24 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 298 25 0 0 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 298 26 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 298 27 that that RB work_n27ihsbkpjfo3ankjp6zxbhpsi 298 28 is is RB work_n27ihsbkpjfo3ankjp6zxbhpsi 298 29 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 298 30 they -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 298 31 do do VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 298 32 not not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 298 33 discount discount VB work_n27ihsbkpjfo3ankjp6zxbhpsi 298 34 future future JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 298 35 payments payment NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 298 36 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 298 37 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 299 1 Although although IN work_n27ihsbkpjfo3ankjp6zxbhpsi 299 2 boundedly boundedly RB work_n27ihsbkpjfo3ankjp6zxbhpsi 299 3 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 299 4 rational-2 rational-2 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 299 5 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 299 6 BR2 BR2 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 299 7 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 299 8 contestants contestant VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 299 9 discount discount NN work_n27ihsbkpjfo3ankjp6zxbhpsi 299 10 future future JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 299 11 cash cash NN work_n27ihsbkpjfo3ankjp6zxbhpsi 299 12 flows flow NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 299 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 299 14 they -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 299 15 ignore ignore VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 299 16 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 299 17 option option NN work_n27ihsbkpjfo3ankjp6zxbhpsi 299 18 value value NN work_n27ihsbkpjfo3ankjp6zxbhpsi 299 19 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 299 20 continuing continue VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 299 21 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 299 22 play play VB work_n27ihsbkpjfo3ankjp6zxbhpsi 299 23 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 299 24 game game NN work_n27ihsbkpjfo3ankjp6zxbhpsi 299 25 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 300 1 Boundedly Boundedly NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 300 2 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 300 3 rational-3 rational-3 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 300 4 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 300 5 BR3 BR3 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 300 6 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 300 7 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 300 8 ignore ignore VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 300 9 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 300 10 option option NN work_n27ihsbkpjfo3ankjp6zxbhpsi 300 11 value value NN work_n27ihsbkpjfo3ankjp6zxbhpsi 300 12 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 300 13 continuing continue VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 300 14 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 300 15 play play VB work_n27ihsbkpjfo3ankjp6zxbhpsi 300 16 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 300 17 game game NN work_n27ihsbkpjfo3ankjp6zxbhpsi 300 18 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 300 19 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 300 20 they -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 300 21 use use VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 300 22 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 300 23 discount discount NN work_n27ihsbkpjfo3ankjp6zxbhpsi 300 24 rate rate NN work_n27ihsbkpjfo3ankjp6zxbhpsi 300 25 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 300 26 0 0 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 300 27 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 301 1 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 301 2 CARA CARA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 301 3 utility utility NN work_n27ihsbkpjfo3ankjp6zxbhpsi 301 4 function function NN work_n27ihsbkpjfo3ankjp6zxbhpsi 301 5 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 301 6 U(W u(w JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 301 7 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 301 8 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 301 9 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 301 10 e e CD work_n27ihsbkpjfo3ankjp6zxbhpsi 301 11 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 301 12 aW aW NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 301 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 301 14 where where WRB work_n27ihsbkpjfo3ankjp6zxbhpsi 301 15 W w NN work_n27ihsbkpjfo3ankjp6zxbhpsi 301 16 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 301 17 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 301 18 individual individual NN work_n27ihsbkpjfo3ankjp6zxbhpsi 301 19 ’s ’s POS work_n27ihsbkpjfo3ankjp6zxbhpsi 301 20 initial initial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 301 21 wealth wealth NN work_n27ihsbkpjfo3ankjp6zxbhpsi 301 22 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 301 23 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 301 24 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 301 25 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 301 26 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 301 27 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 301 28 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 301 29 parameter parameter NN work_n27ihsbkpjfo3ankjp6zxbhpsi 301 30 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 302 1 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 302 2 CRRA CRRA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 302 3 utility utility NN work_n27ihsbkpjfo3ankjp6zxbhpsi 302 4 function function NN work_n27ihsbkpjfo3ankjp6zxbhpsi 302 5 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 302 6 U(W u(w JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 302 7 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 302 8 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 302 9 W1 W1 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 302 10 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 302 11 b/(1 b/(1 NN work_n27ihsbkpjfo3ankjp6zxbhpsi 302 12 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 302 13 b b NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 302 14 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 302 15 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 302 16 where where WRB work_n27ihsbkpjfo3ankjp6zxbhpsi 302 17 W w NN work_n27ihsbkpjfo3ankjp6zxbhpsi 302 18 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 302 19 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 302 20 individual individual NN work_n27ihsbkpjfo3ankjp6zxbhpsi 302 21 ’s ’s POS work_n27ihsbkpjfo3ankjp6zxbhpsi 302 22 initial initial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 302 23 wealth wealth NN work_n27ihsbkpjfo3ankjp6zxbhpsi 302 24 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 302 25 b b NN work_n27ihsbkpjfo3ankjp6zxbhpsi 302 26 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 302 27 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 302 28 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 302 29 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 302 30 parameter parameter NN work_n27ihsbkpjfo3ankjp6zxbhpsi 302 31 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 303 1 Two two CD work_n27ihsbkpjfo3ankjp6zxbhpsi 303 2 estimations estimation NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 303 3 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 303 4 done do VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 303 5 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 303 6 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 303 7 CRRA CRRA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 303 8 utility utility NN work_n27ihsbkpjfo3ankjp6zxbhpsi 303 9 function function NN work_n27ihsbkpjfo3ankjp6zxbhpsi 303 10 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 304 1 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 304 2 first first JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 304 3 uses use VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 304 4 an an DT work_n27ihsbkpjfo3ankjp6zxbhpsi 304 5 initial initial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 304 6 wealth wealth NN work_n27ihsbkpjfo3ankjp6zxbhpsi 304 7 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 304 8 W0 w0 NN work_n27ihsbkpjfo3ankjp6zxbhpsi 304 9 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 304 10 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 304 11 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 304 12 20,000 20,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 304 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 304 14 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 304 15 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 304 16 second second JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 304 17 uses use VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 304 18 an an DT work_n27ihsbkpjfo3ankjp6zxbhpsi 304 19 initial initial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 304 20 wealth wealth NN work_n27ihsbkpjfo3ankjp6zxbhpsi 304 21 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 304 22 W1 W1 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 304 23 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 304 24 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 304 25 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 304 26 48,000 48,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 304 27 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 305 1 Standard standard JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 305 2 deviation deviation NN work_n27ihsbkpjfo3ankjp6zxbhpsi 305 3 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 305 4 abbreviated abbreviate VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 305 5 Std Std NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 305 6 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 306 1 dev dev NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 306 2 . . NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 306 3 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 306 4 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 306 5 confidence confidence NN work_n27ihsbkpjfo3ankjp6zxbhpsi 306 6 interval interval NN work_n27ihsbkpjfo3ankjp6zxbhpsi 306 7 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 306 8 abbreviated abbreviate VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 306 9 c.i c.i NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 306 10 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 307 1 TABLE TABLE NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 307 2 5.—CERTAINTY 5.—certainty NN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 3 EQUIVALENTS equivalent NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 307 4 FOR for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 5 VARIOUS various NN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 6 GAMBLES gamble VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 7 IMPLIED IMPLIED NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 307 8 BY by IN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 9 MEAN mean NN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 10 ESTIMATES estimate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 307 11 OF of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 12 RISK risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 13 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 307 14 AVERSION aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 15 COEFFICIENTS COEFFICIENTS NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 307 16 Utility utility NN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 17 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 307 18 Function Function NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 307 19 Specification Specification NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 307 20 Rationality Rationality NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 307 21 Assumption Assumption NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 307 22 Certainty Certainty NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 307 23 Equivalents Equivalents NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 307 24 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 25 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 307 26 50 50 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 27 - - SYM work_n27ihsbkpjfo3ankjp6zxbhpsi 307 28 50 50 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 29 Gamble gamble NN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 30 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 31 Payoffs payoff NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 307 32 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 33 0 0 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 34 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 307 35 X X NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 307 36 X X NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 307 37 � � NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 307 38 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 39 1,000 1,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 40 X x NN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 41 � � VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 307 42 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 43 10,000 10,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 44 X x NN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 45 � � NN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 46 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 47 100,000 100,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 48 X x NN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 49 � � VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 307 50 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 51 1,000,000 1,000,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 52 CARA CARA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 307 53 FR FR NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 307 54 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 307 55 r r NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 307 56 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 307 57 10 10 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 58 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 59 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 307 60 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 61 499.19 499.19 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 62 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 63 4,918.72 4,918.72 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 64 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 65 42,009.92 42,009.92 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 66 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 67 106,349.69 106,349.69 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 68 BR1 BR1 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 307 69 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 307 70 r r NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 307 71 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 307 72 0 0 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 73 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 74 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 307 75 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 76 499.12 499.12 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 77 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 78 4,911.67 4,911.67 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 79 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 80 41,343.34 41,343.34 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 81 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 82 97,951.80 97,951.80 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 83 BR2 BR2 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 307 84 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 307 85 r r NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 307 86 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 307 87 10 10 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 88 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 89 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 307 90 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 91 498.84 498.84 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 92 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 93 4,883.98 4,883.98 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 94 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 95 38,788.49 38,788.49 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 96 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 97 74,644.68 74,644.68 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 98 BR3 BR3 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 307 99 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 307 100 r r NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 307 101 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 307 102 0 0 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 103 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 104 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 307 105 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 106 498.79 498.79 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 107 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 108 4,879.16 4,879.16 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 109 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 110 38,355.07 38,355.07 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 111 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 112 71,667.27 71,667.27 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 113 CRRA CRRA NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 307 114 FR FR NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 307 115 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 307 116 r r NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 307 117 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 307 118 10 10 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 119 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 120 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 307 121 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 122 493.74 493.74 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 123 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 124 4,481.46 4,481.46 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 125 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 126 28,467.81 28,467.81 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 127 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 128 115,650.35 115,650.35 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 129 W0 w0 NN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 130 � � : work_n27ihsbkpjfo3ankjp6zxbhpsi 307 131 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 132 20,000 20,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 133 BR1 br1 NN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 134 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 307 135 r r NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 307 136 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 307 137 0 0 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 138 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 139 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 307 140 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 141 492.38 492.38 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 142 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 143 4,369.92 4,369.92 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 144 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 145 24,366.97 24,366.97 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 146 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 147 69,882.17 69,882.17 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 148 BR2 BR2 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 307 149 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 307 150 r r NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 307 151 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 307 152 10 10 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 153 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 154 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 307 155 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 156 492.31 492.31 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 157 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 158 4,364.10 4,364.10 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 159 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 160 24,165.69 24,165.69 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 161 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 162 68,108.35 68,108.35 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 163 BR3 BR3 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 307 164 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 307 165 r r NN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 166 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 307 167 0 0 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 168 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 169 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 307 170 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 171 491.26 491.26 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 172 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 173 4,278.34 4,278.34 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 174 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 175 21,353.71 21,353.71 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 176 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 177 47,382.34 47,382.34 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 178 Estimates estimate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 307 179 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 180 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 181 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 307 182 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 183 coefficients coefficient NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 307 184 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 307 185 obtained obtain VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 186 by by IN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 187 using use VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 307 188 maximum maximum JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 307 189 likelihood likelihood NN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 190 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 307 191 observations observation NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 307 192 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 193 regimes regime NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 307 194 4.0 4.0 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 195 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 307 196 3.2 3.2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 197 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 307 198 estimate estimate VB work_n27ihsbkpjfo3ankjp6zxbhpsi 307 199 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 307 200 system system NN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 201 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 202 equations equation NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 307 203 described describe VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 204 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 205 equations equation NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 307 206 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 307 207 3a)–(3b 3a)–(3b CD work_n27ihsbkpjfo3ankjp6zxbhpsi 307 208 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 307 209 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 210 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 307 211 text text NN work_n27ihsbkpjfo3ankjp6zxbhpsi 307 212 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 308 1 Each each DT work_n27ihsbkpjfo3ankjp6zxbhpsi 308 2 regime regime NN work_n27ihsbkpjfo3ankjp6zxbhpsi 308 3 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 308 4 indexed index VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 308 5 by by IN work_n27ihsbkpjfo3ankjp6zxbhpsi 308 6 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 308 7 value value NN work_n27ihsbkpjfo3ankjp6zxbhpsi 308 8 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 308 9 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 308 10 contestant contestant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 308 11 ’s ’s POS work_n27ihsbkpjfo3ankjp6zxbhpsi 308 12 first first JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 308 13 draw draw NN work_n27ihsbkpjfo3ankjp6zxbhpsi 308 14 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 309 1 A a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 309 2 .2 .2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 309 3 extension extension NN work_n27ihsbkpjfo3ankjp6zxbhpsi 309 4 denotes denote VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 309 5 an an DT work_n27ihsbkpjfo3ankjp6zxbhpsi 309 6 initial initial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 309 7 draw draw NN work_n27ihsbkpjfo3ankjp6zxbhpsi 309 8 equal equal JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 309 9 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 309 10 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 309 11 lower low JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 309 12 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 309 13 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 309 14 two two CD work_n27ihsbkpjfo3ankjp6zxbhpsi 309 15 intermediate intermediate JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 309 16 dollar dollar NN work_n27ihsbkpjfo3ankjp6zxbhpsi 309 17 prizes prize NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 309 18 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 310 1 Fully fully RB work_n27ihsbkpjfo3ankjp6zxbhpsi 310 2 rational rational JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 310 3 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 310 4 FR FR NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 310 5 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 310 6 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 310 7 perform perform VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 310 8 backward backward JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 310 9 induction induction NN work_n27ihsbkpjfo3ankjp6zxbhpsi 310 10 at at IN work_n27ihsbkpjfo3ankjp6zxbhpsi 310 11 each each DT work_n27ihsbkpjfo3ankjp6zxbhpsi 310 12 node node NN work_n27ihsbkpjfo3ankjp6zxbhpsi 310 13 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 310 14 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 310 15 tree tree NN work_n27ihsbkpjfo3ankjp6zxbhpsi 310 16 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 310 17 discount discount NN work_n27ihsbkpjfo3ankjp6zxbhpsi 310 18 annuity annuity NN work_n27ihsbkpjfo3ankjp6zxbhpsi 310 19 payments payment NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 310 20 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 311 1 Each each DT work_n27ihsbkpjfo3ankjp6zxbhpsi 311 2 contestant contestant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 311 3 may may MD work_n27ihsbkpjfo3ankjp6zxbhpsi 311 4 use use VB work_n27ihsbkpjfo3ankjp6zxbhpsi 311 5 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 311 6 different different JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 311 7 discount discount NN work_n27ihsbkpjfo3ankjp6zxbhpsi 311 8 rate rate NN work_n27ihsbkpjfo3ankjp6zxbhpsi 311 9 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 312 1 FR FR NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 312 2 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 312 3 r r NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 312 4 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 312 5 10 10 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 312 6 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 312 7 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 312 8 refers refer VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 312 9 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 312 10 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 312 11 fully fully RB work_n27ihsbkpjfo3ankjp6zxbhpsi 312 12 rational rational JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 312 13 contestant contestant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 312 14 who who WP work_n27ihsbkpjfo3ankjp6zxbhpsi 312 15 discounts discount VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 312 16 future future JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 312 17 cash cash NN work_n27ihsbkpjfo3ankjp6zxbhpsi 312 18 flows flow NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 312 19 using use VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 312 20 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 312 21 10 10 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 312 22 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 312 23 rate rate NN work_n27ihsbkpjfo3ankjp6zxbhpsi 312 24 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 313 1 Boundedly boundedly RB work_n27ihsbkpjfo3ankjp6zxbhpsi 313 2 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 313 3 rational-1 rational-1 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 313 4 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 313 5 BR1 BR1 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 313 6 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 313 7 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 313 8 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 313 9 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 313 10 same same JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 313 11 as as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 313 12 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 313 13 FR FR NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 313 14 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 313 15 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 313 16 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 313 17 exception exception NN work_n27ihsbkpjfo3ankjp6zxbhpsi 313 18 that that WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 313 19 they -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 313 20 use use VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 313 21 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 313 22 discount discount NN work_n27ihsbkpjfo3ankjp6zxbhpsi 313 23 rate rate NN work_n27ihsbkpjfo3ankjp6zxbhpsi 313 24 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 313 25 0 0 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 313 26 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 313 27 that that RB work_n27ihsbkpjfo3ankjp6zxbhpsi 313 28 is is RB work_n27ihsbkpjfo3ankjp6zxbhpsi 313 29 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 313 30 they -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 313 31 do do VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 313 32 not not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 313 33 discount discount VB work_n27ihsbkpjfo3ankjp6zxbhpsi 313 34 future future JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 313 35 payments payment NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 313 36 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 313 37 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 314 1 Although although IN work_n27ihsbkpjfo3ankjp6zxbhpsi 314 2 boundedly boundedly RB work_n27ihsbkpjfo3ankjp6zxbhpsi 314 3 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 314 4 rational-2 rational-2 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 314 5 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 314 6 BR2 BR2 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 314 7 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 314 8 contestants contestant VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 314 9 discount discount NN work_n27ihsbkpjfo3ankjp6zxbhpsi 314 10 future future JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 314 11 cash cash NN work_n27ihsbkpjfo3ankjp6zxbhpsi 314 12 flows flow NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 314 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 314 14 they -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 314 15 ignore ignore VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 314 16 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 314 17 option option NN work_n27ihsbkpjfo3ankjp6zxbhpsi 314 18 value value NN work_n27ihsbkpjfo3ankjp6zxbhpsi 314 19 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 314 20 continuing continue VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 314 21 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 314 22 play play VB work_n27ihsbkpjfo3ankjp6zxbhpsi 314 23 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 314 24 game game NN work_n27ihsbkpjfo3ankjp6zxbhpsi 314 25 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 315 1 Boundedly Boundedly NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 315 2 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 315 3 rational-3 rational-3 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 315 4 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 315 5 BR3 BR3 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 315 6 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 315 7 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 315 8 ignore ignore VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 315 9 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 315 10 option option NN work_n27ihsbkpjfo3ankjp6zxbhpsi 315 11 value value NN work_n27ihsbkpjfo3ankjp6zxbhpsi 315 12 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 315 13 continuing continue VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 315 14 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 315 15 play play VB work_n27ihsbkpjfo3ankjp6zxbhpsi 315 16 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 315 17 game game NN work_n27ihsbkpjfo3ankjp6zxbhpsi 315 18 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 315 19 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 315 20 they -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 315 21 use use VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 315 22 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 315 23 discount discount NN work_n27ihsbkpjfo3ankjp6zxbhpsi 315 24 rate rate NN work_n27ihsbkpjfo3ankjp6zxbhpsi 315 25 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 315 26 0 0 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 315 27 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 316 1 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 316 2 CARA CARA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 316 3 utility utility NN work_n27ihsbkpjfo3ankjp6zxbhpsi 316 4 function function NN work_n27ihsbkpjfo3ankjp6zxbhpsi 316 5 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 316 6 U(W u(w JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 316 7 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 316 8 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 316 9 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 316 10 e e CD work_n27ihsbkpjfo3ankjp6zxbhpsi 316 11 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 316 12 aW aW NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 316 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 316 14 where where WRB work_n27ihsbkpjfo3ankjp6zxbhpsi 316 15 W w NN work_n27ihsbkpjfo3ankjp6zxbhpsi 316 16 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 316 17 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 316 18 individual individual NN work_n27ihsbkpjfo3ankjp6zxbhpsi 316 19 ’s ’s POS work_n27ihsbkpjfo3ankjp6zxbhpsi 316 20 initial initial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 316 21 wealth wealth NN work_n27ihsbkpjfo3ankjp6zxbhpsi 316 22 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 316 23 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 316 24 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 316 25 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 316 26 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 316 27 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 316 28 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 316 29 parameter parameter NN work_n27ihsbkpjfo3ankjp6zxbhpsi 316 30 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 317 1 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 317 2 CRRA CRRA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 317 3 utility utility NN work_n27ihsbkpjfo3ankjp6zxbhpsi 317 4 function function NN work_n27ihsbkpjfo3ankjp6zxbhpsi 317 5 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 317 6 U(W u(w JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 317 7 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 317 8 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 317 9 W1 W1 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 317 10 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 317 11 b/(1 b/(1 NN work_n27ihsbkpjfo3ankjp6zxbhpsi 317 12 � � NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 317 13 b b NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 317 14 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 317 15 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 317 16 where where WRB work_n27ihsbkpjfo3ankjp6zxbhpsi 317 17 W w NN work_n27ihsbkpjfo3ankjp6zxbhpsi 317 18 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 317 19 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 317 20 individual individual NN work_n27ihsbkpjfo3ankjp6zxbhpsi 317 21 ’s ’s POS work_n27ihsbkpjfo3ankjp6zxbhpsi 317 22 initial initial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 317 23 wealth wealth NN work_n27ihsbkpjfo3ankjp6zxbhpsi 317 24 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 317 25 b b NN work_n27ihsbkpjfo3ankjp6zxbhpsi 317 26 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 317 27 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 317 28 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 317 29 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 317 30 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 317 31 parameter parameter NN work_n27ihsbkpjfo3ankjp6zxbhpsi 317 32 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 318 1 THE the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 318 2 REVIEW REVIEW NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 318 3 OF of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 318 4 ECONOMICS ECONOMICS NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 318 5 AND and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 318 6 STATISTICS224 STATISTICS224 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 318 7 fixed fix VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 318 8 discounting discount VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 318 9 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 318 10 confidence confidence NN work_n27ihsbkpjfo3ankjp6zxbhpsi 318 11 intervals interval NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 318 12 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 318 13 these these DT work_n27ihsbkpjfo3ankjp6zxbhpsi 318 14 means mean NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 318 15 under under IN work_n27ihsbkpjfo3ankjp6zxbhpsi 318 16 full full JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 318 17 rationality rationality NN work_n27ihsbkpjfo3ankjp6zxbhpsi 318 18 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 318 19 FR FR NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 318 20 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 318 21 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 318 22 lack lack NN work_n27ihsbkpjfo3ankjp6zxbhpsi 318 23 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 318 24 backward backward JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 318 25 induction induction NN work_n27ihsbkpjfo3ankjp6zxbhpsi 318 26 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 318 27 BR2 BR2 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 318 28 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 318 29 BR3 BR3 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 318 30 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 318 31 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 318 32 mutually mutually RB work_n27ihsbkpjfo3ankjp6zxbhpsi 318 33 exclusive exclusive JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 318 34 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 319 1 In in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 319 2 addition addition NN work_n27ihsbkpjfo3ankjp6zxbhpsi 319 3 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 319 4 when when WRB work_n27ihsbkpjfo3ankjp6zxbhpsi 319 5 comparing compare VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 319 6 no no DT work_n27ihsbkpjfo3ankjp6zxbhpsi 319 7 discounting discount VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 319 8 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 319 9 10 10 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 319 10 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 319 11 discounting discount VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 319 12 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 319 13 holding hold VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 319 14 behavior behavior NN work_n27ihsbkpjfo3ankjp6zxbhpsi 319 15 fixed fix VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 319 16 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 319 17 confidence confidence NN work_n27ihsbkpjfo3ankjp6zxbhpsi 319 18 intervals interval NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 319 19 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 319 20 mutually mutually RB work_n27ihsbkpjfo3ankjp6zxbhpsi 319 21 exclusive exclusive JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 319 22 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 319 23 three three CD work_n27ihsbkpjfo3ankjp6zxbhpsi 319 24 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 319 25 four four CD work_n27ihsbkpjfo3ankjp6zxbhpsi 319 26 cases case NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 319 27 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 320 1 We -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 320 2 discuss discuss VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 320 3 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 320 4 direction direction NN work_n27ihsbkpjfo3ankjp6zxbhpsi 320 5 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 320 6 signif- signif- JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 320 7 icance icance NN work_n27ihsbkpjfo3ankjp6zxbhpsi 320 8 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 320 9 these these DT work_n27ihsbkpjfo3ankjp6zxbhpsi 320 10 differences difference NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 320 11 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 320 12 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 320 13 next next JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 320 14 section section NN work_n27ihsbkpjfo3ankjp6zxbhpsi 320 15 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 321 1 As as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 321 2 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 321 3 test test NN work_n27ihsbkpjfo3ankjp6zxbhpsi 321 4 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 321 5 robustness robustness NN work_n27ihsbkpjfo3ankjp6zxbhpsi 321 6 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 321 7 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 321 8 CRRA CRRA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 321 9 results result NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 321 10 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 321 11 we -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 321 12 estimated estimate VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 321 13 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 321 14 distribution distribution NN work_n27ihsbkpjfo3ankjp6zxbhpsi 321 15 parameters parameter NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 321 16 using use VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 321 17 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 321 18 more more RBR work_n27ihsbkpjfo3ankjp6zxbhpsi 321 19 inclusive inclusive JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 321 20 definition definition NN work_n27ihsbkpjfo3ankjp6zxbhpsi 321 21 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 321 22 wealth wealth NN work_n27ihsbkpjfo3ankjp6zxbhpsi 321 23 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 321 24 W1 W1 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 321 25 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 321 26 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 322 1 In in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 322 2 this this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 322 3 specification specification NN work_n27ihsbkpjfo3ankjp6zxbhpsi 322 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 322 5 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 322 6 addition addition NN work_n27ihsbkpjfo3ankjp6zxbhpsi 322 7 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 322 8 phase phase NN work_n27ihsbkpjfo3ankjp6zxbhpsi 322 9 I -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 322 10 winnings winning NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 322 11 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 322 12 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 322 13 initial initial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 322 14 wealth wealth NN work_n27ihsbkpjfo3ankjp6zxbhpsi 322 15 also also RB work_n27ihsbkpjfo3ankjp6zxbhpsi 322 16 included include VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 322 17 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 322 18 average average JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 322 19 me- me- CD work_n27ihsbkpjfo3ankjp6zxbhpsi 322 20 dian dian JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 322 21 income income NN work_n27ihsbkpjfo3ankjp6zxbhpsi 322 22 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 322 23 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 322 24 contestant contestant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 322 25 ’s ’s POS work_n27ihsbkpjfo3ankjp6zxbhpsi 322 26 census census NN work_n27ihsbkpjfo3ankjp6zxbhpsi 322 27 tract tract NN work_n27ihsbkpjfo3ankjp6zxbhpsi 322 28 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 322 29 1990 1990 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 322 30 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 323 1 As as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 323 2 we -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 323 3 see see VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 323 4 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 323 5 table table NN work_n27ihsbkpjfo3ankjp6zxbhpsi 323 6 4 4 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 323 7 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 323 8 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 323 9 higher high JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 323 10 initial initial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 323 11 wealth wealth NN work_n27ihsbkpjfo3ankjp6zxbhpsi 323 12 uniformly uniformly RB work_n27ihsbkpjfo3ankjp6zxbhpsi 323 13 increases increase VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 323 14 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 323 15 means mean NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 323 16 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 323 17 standard standard JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 323 18 deviations deviation NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 323 19 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 323 20 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 323 21 CRRA CRRA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 323 22 parameter parameter NN work_n27ihsbkpjfo3ankjp6zxbhpsi 323 23 distributions distribution NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 323 24 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 324 1 However however RB work_n27ihsbkpjfo3ankjp6zxbhpsi 324 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 324 3 most most JJS work_n27ihsbkpjfo3ankjp6zxbhpsi 324 4 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 324 5 these these DT work_n27ihsbkpjfo3ankjp6zxbhpsi 324 6 increases increase NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 324 7 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 324 8 very very RB work_n27ihsbkpjfo3ankjp6zxbhpsi 324 9 small small JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 324 10 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 324 11 between between IN work_n27ihsbkpjfo3ankjp6zxbhpsi 324 12 0.1 0.1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 324 13 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 324 14 0.3 0.3 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 324 15 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 324 16 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 324 17 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 324 18 as as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 324 19 we -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 324 20 show show VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 324 21 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 324 22 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 324 23 next next JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 324 24 section section NN work_n27ihsbkpjfo3ankjp6zxbhpsi 324 25 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 324 26 do do VB work_n27ihsbkpjfo3ankjp6zxbhpsi 324 27 not not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 324 28 affect affect VB work_n27ihsbkpjfo3ankjp6zxbhpsi 324 29 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 324 30 basic basic JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 324 31 interpretation interpretation NN work_n27ihsbkpjfo3ankjp6zxbhpsi 324 32 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 324 33 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 324 34 results result NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 324 35 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 325 1 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 325 2 similarity similarity NN work_n27ihsbkpjfo3ankjp6zxbhpsi 325 3 between between IN work_n27ihsbkpjfo3ankjp6zxbhpsi 325 4 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 325 5 two two CD work_n27ihsbkpjfo3ankjp6zxbhpsi 325 6 sets set NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 325 7 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 325 8 CRRA crra NN work_n27ihsbkpjfo3ankjp6zxbhpsi 325 9 estimates estimate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 325 10 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 325 11 due due JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 325 12 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 325 13 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 325 14 fact fact NN work_n27ihsbkpjfo3ankjp6zxbhpsi 325 15 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 325 16 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 325 17 both both DT work_n27ihsbkpjfo3ankjp6zxbhpsi 325 18 wealth wealth NN work_n27ihsbkpjfo3ankjp6zxbhpsi 325 19 definitions definition NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 325 20 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 325 21 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 325 22 small small JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 325 23 fraction fraction NN work_n27ihsbkpjfo3ankjp6zxbhpsi 325 24 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 325 25 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 325 26 stakes stake NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 325 27 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 325 28 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 325 29 gambles gamble NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 325 30 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 325 31 Hoosier Hoosier NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 325 32 Millionaire.13 Millionaire.13 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 325 33 VI VI NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 325 34 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 326 1 Discussion discussion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 326 2 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 326 3 Conclusions conclusion NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 326 4 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 326 5 results result NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 326 6 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 326 7 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 326 8 previous previous JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 326 9 section section NN work_n27ihsbkpjfo3ankjp6zxbhpsi 326 10 uniformly uniformly RB work_n27ihsbkpjfo3ankjp6zxbhpsi 326 11 indicate indicate VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 326 12 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 326 13 most most JJS work_n27ihsbkpjfo3ankjp6zxbhpsi 326 14 individuals individual NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 326 15 display display VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 326 16 some some DT work_n27ihsbkpjfo3ankjp6zxbhpsi 326 17 degree degree NN work_n27ihsbkpjfo3ankjp6zxbhpsi 326 18 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 326 19 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 326 20 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 326 21 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 327 1 To to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 327 2 gain gain VB work_n27ihsbkpjfo3ankjp6zxbhpsi 327 3 insight insight NN work_n27ihsbkpjfo3ankjp6zxbhpsi 327 4 into into IN work_n27ihsbkpjfo3ankjp6zxbhpsi 327 5 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 327 6 economic economic JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 327 7 significance significance NN work_n27ihsbkpjfo3ankjp6zxbhpsi 327 8 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 327 9 these these DT work_n27ihsbkpjfo3ankjp6zxbhpsi 327 10 results result NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 327 11 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 327 12 we -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 327 13 first first RB work_n27ihsbkpjfo3ankjp6zxbhpsi 327 14 compare compare VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 327 15 them -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 327 16 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 327 17 those those DT work_n27ihsbkpjfo3ankjp6zxbhpsi 327 18 obtained obtain VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 327 19 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 327 20 related related JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 327 21 work work NN work_n27ihsbkpjfo3ankjp6zxbhpsi 327 22 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 328 1 Our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 328 2 estimated estimated JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 328 3 means mean NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 328 4 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 328 5 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 328 6 CARA CARA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 328 7 parameter parameter NN work_n27ihsbkpjfo3ankjp6zxbhpsi 328 8 distri- distri- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 328 9 butions bution NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 328 10 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 328 11 lower low JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 328 12 than than IN work_n27ihsbkpjfo3ankjp6zxbhpsi 328 13 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 328 14 estimated estimate VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 328 15 CARA CARA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 328 16 parameters parameter NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 328 17 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 328 18 other other JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 328 19 game game NN work_n27ihsbkpjfo3ankjp6zxbhpsi 328 20 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 328 21 show show NN work_n27ihsbkpjfo3ankjp6zxbhpsi 328 22 studies study NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 328 23 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 329 1 Gertner Gertner NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 329 2 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 329 3 1993 1993 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 329 4 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 329 5 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 329 6 using use VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 329 7 two two CD work_n27ihsbkpjfo3ankjp6zxbhpsi 329 8 alter- alter- JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 329 9 native native JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 329 10 methods method NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 329 11 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 329 12 estimates estimate VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 329 13 statistically statistically RB work_n27ihsbkpjfo3ankjp6zxbhpsi 329 14 significant significant JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 329 15 lower low JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 329 16 bounds bound NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 329 17 on on IN work_n27ihsbkpjfo3ankjp6zxbhpsi 329 18 this this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 329 19 parameter parameter NN work_n27ihsbkpjfo3ankjp6zxbhpsi 329 20 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 329 21 0.000310 0.000310 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 329 22 or or CC work_n27ihsbkpjfo3ankjp6zxbhpsi 329 23 0.0000711 0.0000711 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 329 24 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 330 1 Met- Met- NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 330 2 rick rick NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 330 3 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 330 4 1995 1995 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 330 5 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 330 6 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 330 7 Hersch Hersch NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 330 8 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 330 9 McDougall McDougall NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 330 10 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 330 11 1997 1997 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 330 12 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 330 13 report report NN work_n27ihsbkpjfo3ankjp6zxbhpsi 330 14 esti- esti- FW work_n27ihsbkpjfo3ankjp6zxbhpsi 330 15 mates mate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 330 16 ranging range VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 330 17 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 330 18 0.0000265 0.0000265 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 330 19 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 330 20 0.000066 0.000066 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 330 21 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 330 22 but but CC work_n27ihsbkpjfo3ankjp6zxbhpsi 330 23 these these DT work_n27ihsbkpjfo3ankjp6zxbhpsi 330 24 esti- esti- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 330 25 mates mate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 330 26 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 330 27 not not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 330 28 statistically statistically RB work_n27ihsbkpjfo3ankjp6zxbhpsi 330 29 different different JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 330 30 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 330 31 zero zero CD work_n27ihsbkpjfo3ankjp6zxbhpsi 330 32 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 330 33 leading lead VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 330 34 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 330 35 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 330 36 conclusion conclusion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 330 37 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 330 38 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 330 39 neutrality neutrality NN work_n27ihsbkpjfo3ankjp6zxbhpsi 330 40 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 331 1 In in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 331 2 contrast contrast NN work_n27ihsbkpjfo3ankjp6zxbhpsi 331 3 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 331 4 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 331 5 largest large JJS work_n27ihsbkpjfo3ankjp6zxbhpsi 331 6 esti- esti- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 331 7 mated mate VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 331 8 mean mean NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 331 9 CARA CARA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 331 10 parameter parameter NN work_n27ihsbkpjfo3ankjp6zxbhpsi 331 11 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 331 12 0.0000097 0.0000097 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 331 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 331 14 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 331 15 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 331 16 largest large JJS work_n27ihsbkpjfo3ankjp6zxbhpsi 331 17 upper upper JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 331 18 bound bind VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 331 19 on on IN work_n27ihsbkpjfo3ankjp6zxbhpsi 331 20 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 331 21 confidence confidence NN work_n27ihsbkpjfo3ankjp6zxbhpsi 331 22 interval interval NN work_n27ihsbkpjfo3ankjp6zxbhpsi 331 23 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 331 24 0.000012 0.000012 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 331 25 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 331 26 both both DT work_n27ihsbkpjfo3ankjp6zxbhpsi 331 27 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 331 28 which which WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 331 29 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 331 30 nearly nearly RB work_n27ihsbkpjfo3ankjp6zxbhpsi 331 31 an an DT work_n27ihsbkpjfo3ankjp6zxbhpsi 331 32 order order NN work_n27ihsbkpjfo3ankjp6zxbhpsi 331 33 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 331 34 magnitude magnitude NN work_n27ihsbkpjfo3ankjp6zxbhpsi 331 35 smaller small JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 331 36 than than IN work_n27ihsbkpjfo3ankjp6zxbhpsi 331 37 those those DT work_n27ihsbkpjfo3ankjp6zxbhpsi 331 38 reported report VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 331 39 elsewhere elsewhere RB work_n27ihsbkpjfo3ankjp6zxbhpsi 331 40 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 332 1 Our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 332 2 CRRA CRRA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 332 3 parameter parameter NN work_n27ihsbkpjfo3ankjp6zxbhpsi 332 4 estimates estimate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 332 5 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 332 6 also also RB work_n27ihsbkpjfo3ankjp6zxbhpsi 332 7 generally generally RB work_n27ihsbkpjfo3ankjp6zxbhpsi 332 8 lower low JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 332 9 than than IN work_n27ihsbkpjfo3ankjp6zxbhpsi 332 10 those those DT work_n27ihsbkpjfo3ankjp6zxbhpsi 332 11 reported report VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 332 12 elsewhere elsewhere RB work_n27ihsbkpjfo3ankjp6zxbhpsi 332 13 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 333 1 Friend friend NN work_n27ihsbkpjfo3ankjp6zxbhpsi 333 2 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 333 3 Blume Blume NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 333 4 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 333 5 1975 1975 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 333 6 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 333 7 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 333 8 using use VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 333 9 data datum NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 333 10 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 333 11 individual individual JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 333 12 portfolio portfolio NN work_n27ihsbkpjfo3ankjp6zxbhpsi 333 13 holdings holding NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 333 14 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 333 15 find find VB work_n27ihsbkpjfo3ankjp6zxbhpsi 333 16 estimates estimate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 333 17 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 333 18 this this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 333 19 parameter parameter NN work_n27ihsbkpjfo3ankjp6zxbhpsi 333 20 ranging range VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 333 21 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 333 22 1 1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 333 23 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 333 24 2 2 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 333 25 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 333 26 while while IN work_n27ihsbkpjfo3ankjp6zxbhpsi 333 27 Chou Chou NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 333 28 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 333 29 Engle Engle NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 333 30 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 333 31 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 333 32 Kane Kane NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 333 33 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 333 34 1992 1992 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 333 35 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 333 36 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 333 37 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 333 38 an an DT work_n27ihsbkpjfo3ankjp6zxbhpsi 333 39 asset asset NN work_n27ihsbkpjfo3ankjp6zxbhpsi 333 40 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 333 41 pricing pricing NN work_n27ihsbkpjfo3ankjp6zxbhpsi 333 42 context context NN work_n27ihsbkpjfo3ankjp6zxbhpsi 333 43 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 333 44 estimate estimate VB work_n27ihsbkpjfo3ankjp6zxbhpsi 333 45 it -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 333 46 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 333 47 be be VB work_n27ihsbkpjfo3ankjp6zxbhpsi 333 48 around around IN work_n27ihsbkpjfo3ankjp6zxbhpsi 333 49 3 3 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 333 50 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 334 1 Beetsma Beetsma NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 334 2 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 334 3 Schotman Schotman NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 334 4 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 334 5 2001 2001 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 334 6 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 334 7 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 334 8 using use VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 334 9 game game NN work_n27ihsbkpjfo3ankjp6zxbhpsi 334 10 data datum NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 334 11 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 334 12 LINGO LINGO NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 334 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 334 14 estimate estimate VB work_n27ihsbkpjfo3ankjp6zxbhpsi 334 15 it -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 334 16 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 334 17 be be VB work_n27ihsbkpjfo3ankjp6zxbhpsi 334 18 around around IN work_n27ihsbkpjfo3ankjp6zxbhpsi 334 19 7 7 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 334 20 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 335 1 In in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 335 2 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 335 3 case case NN work_n27ihsbkpjfo3ankjp6zxbhpsi 335 4 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 335 5 mean mean JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 335 6 CRRA CRRA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 335 7 parameters parameter NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 335 8 range range VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 335 9 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 335 10 0.64 0.64 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 335 11 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 335 12 1.76 1.76 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 335 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 335 14 once once RB work_n27ihsbkpjfo3ankjp6zxbhpsi 335 15 again again RB work_n27ihsbkpjfo3ankjp6zxbhpsi 335 16 below below IN work_n27ihsbkpjfo3ankjp6zxbhpsi 335 17 most most JJS work_n27ihsbkpjfo3ankjp6zxbhpsi 335 18 estimates estimate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 335 19 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 335 20 other other JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 335 21 studies study NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 335 22 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 336 1 To to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 336 2 gain gain VB work_n27ihsbkpjfo3ankjp6zxbhpsi 336 3 some some DT work_n27ihsbkpjfo3ankjp6zxbhpsi 336 4 intuition intuition NN work_n27ihsbkpjfo3ankjp6zxbhpsi 336 5 into into IN work_n27ihsbkpjfo3ankjp6zxbhpsi 336 6 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 336 7 meaning meaning NN work_n27ihsbkpjfo3ankjp6zxbhpsi 336 8 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 336 9 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 336 10 results result NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 336 11 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 336 12 how how WRB work_n27ihsbkpjfo3ankjp6zxbhpsi 336 13 they -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 336 14 compare compare VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 336 15 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 336 16 those those DT work_n27ihsbkpjfo3ankjp6zxbhpsi 336 17 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 336 18 other other JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 336 19 studies study NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 336 20 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 336 21 we -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 336 22 calculate calculate VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 336 23 certainty certainty NN work_n27ihsbkpjfo3ankjp6zxbhpsi 336 24 equivalents equivalent VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 336 25 implied imply VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 336 26 by by IN work_n27ihsbkpjfo3ankjp6zxbhpsi 336 27 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 336 28 mean mean JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 336 29 estimates estimate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 336 30 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 336 31 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 336 32 variety variety NN work_n27ihsbkpjfo3ankjp6zxbhpsi 336 33 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 336 34 gambles gamble NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 336 35 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 336 36 see see VB work_n27ihsbkpjfo3ankjp6zxbhpsi 336 37 table table NN work_n27ihsbkpjfo3ankjp6zxbhpsi 336 38 5 5 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 336 39 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 336 40 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 337 1 For for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 337 2 instance instance NN work_n27ihsbkpjfo3ankjp6zxbhpsi 337 3 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 337 4 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 337 5 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 337 6 gamble gamble NN work_n27ihsbkpjfo3ankjp6zxbhpsi 337 7 offering offer VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 337 8 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 337 9 50 50 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 337 10 - - SYM work_n27ihsbkpjfo3ankjp6zxbhpsi 337 11 50 50 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 337 12 chance chance NN work_n27ihsbkpjfo3ankjp6zxbhpsi 337 13 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 337 14 winning win VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 337 15 nothing nothing NN work_n27ihsbkpjfo3ankjp6zxbhpsi 337 16 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 337 17 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 337 18 1,000 1,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 337 19 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 337 20 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 337 21 certainty certainty NN work_n27ihsbkpjfo3ankjp6zxbhpsi 337 22 equivalent equivalent JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 337 23 ranges range VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 337 24 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 337 25 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 337 26 461.40 461.40 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 337 27 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 337 28 Gertner Gertner NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 337 29 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 337 30 1993 1993 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 337 31 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 337 32 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 337 33 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 337 34 496.73 496.73 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 337 35 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 337 36 Hersch Hersch NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 337 37 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 337 38 McDougall McDougall NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 337 39 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 337 40 1997 1997 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 337 41 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 337 42 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 337 43 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 337 44 most most JJS work_n27ihsbkpjfo3ankjp6zxbhpsi 337 45 esti- esti- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 337 46 mates mate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 337 47 implying imply VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 337 48 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 337 49 certainty certainty NN work_n27ihsbkpjfo3ankjp6zxbhpsi 337 50 equivalent equivalent JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 337 51 above above IN work_n27ihsbkpjfo3ankjp6zxbhpsi 337 52 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 337 53 490 490 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 337 54 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 338 1 In in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 338 2 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 338 3 experiments experiment NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 338 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 338 5 certainty certainty NN work_n27ihsbkpjfo3ankjp6zxbhpsi 338 6 equivalents equivalent VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 338 7 implied imply VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 338 8 by by IN work_n27ihsbkpjfo3ankjp6zxbhpsi 338 9 point point NN work_n27ihsbkpjfo3ankjp6zxbhpsi 338 10 esti- esti- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 338 11 mates mate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 338 12 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 338 13 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 338 14 mean mean NN work_n27ihsbkpjfo3ankjp6zxbhpsi 338 15 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 338 16 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 338 17 parameter parameter NN work_n27ihsbkpjfo3ankjp6zxbhpsi 338 18 distribution distribution NN work_n27ihsbkpjfo3ankjp6zxbhpsi 338 19 range range NN work_n27ihsbkpjfo3ankjp6zxbhpsi 338 20 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 338 21 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 338 22 491.26 491.26 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 338 23 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 338 24 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 338 25 499.40 499.40 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 338 26 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 339 1 Thus thus RB work_n27ihsbkpjfo3ankjp6zxbhpsi 339 2 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 339 3 gambles gamble NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 339 4 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 339 5 this this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 339 6 magnitude magnitude NN work_n27ihsbkpjfo3ankjp6zxbhpsi 339 7 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 339 8 not not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 339 9 only only RB work_n27ihsbkpjfo3ankjp6zxbhpsi 339 10 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 339 11 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 339 12 results result NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 339 13 similar similar JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 339 14 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 339 15 those those DT work_n27ihsbkpjfo3ankjp6zxbhpsi 339 16 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 339 17 other other JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 339 18 studies study NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 339 19 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 339 20 but but CC work_n27ihsbkpjfo3ankjp6zxbhpsi 339 21 they -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 339 22 imply imply VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 339 23 behavior behavior NN work_n27ihsbkpjfo3ankjp6zxbhpsi 339 24 close close RB work_n27ihsbkpjfo3ankjp6zxbhpsi 339 25 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 339 26 risk risk VB work_n27ihsbkpjfo3ankjp6zxbhpsi 339 27 neutrality neutrality NN work_n27ihsbkpjfo3ankjp6zxbhpsi 339 28 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 340 1 Moreover moreover RB work_n27ihsbkpjfo3ankjp6zxbhpsi 340 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 340 3 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 340 4 tightness tightness NN work_n27ihsbkpjfo3ankjp6zxbhpsi 340 5 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 340 6 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 340 7 range range NN work_n27ihsbkpjfo3ankjp6zxbhpsi 340 8 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 340 9 these these DT work_n27ihsbkpjfo3ankjp6zxbhpsi 340 10 certainty certainty NN work_n27ihsbkpjfo3ankjp6zxbhpsi 340 11 equivalents equivalent VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 340 12 indi- indi- NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 340 13 cates cat VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 340 14 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 340 15 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 340 16 differences difference NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 340 17 among among IN work_n27ihsbkpjfo3ankjp6zxbhpsi 340 18 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 340 19 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 340 20 parameters parameter NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 340 21 across across IN work_n27ihsbkpjfo3ankjp6zxbhpsi 340 22 behavioral behavioral JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 340 23 assumptions assumption NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 340 24 may may MD work_n27ihsbkpjfo3ankjp6zxbhpsi 340 25 not not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 340 26 have have VB work_n27ihsbkpjfo3ankjp6zxbhpsi 340 27 much much JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 340 28 eco- eco- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 340 29 nomic nomic JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 340 30 significance significance NN work_n27ihsbkpjfo3ankjp6zxbhpsi 340 31 when when WRB work_n27ihsbkpjfo3ankjp6zxbhpsi 340 32 stakes stake VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 340 33 like like IN work_n27ihsbkpjfo3ankjp6zxbhpsi 340 34 these these DT work_n27ihsbkpjfo3ankjp6zxbhpsi 340 35 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 340 36 involved involve VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 340 37 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 341 1 In in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 341 2 fact fact NN work_n27ihsbkpjfo3ankjp6zxbhpsi 341 3 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 341 4 as as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 341 5 seen see VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 341 6 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 341 7 table table NN work_n27ihsbkpjfo3ankjp6zxbhpsi 341 8 5 5 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 341 9 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 341 10 near near JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 341 11 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 341 12 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 341 13 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 341 14 neutrality neutrality NN work_n27ihsbkpjfo3ankjp6zxbhpsi 341 15 across across IN work_n27ihsbkpjfo3ankjp6zxbhpsi 341 16 all all DT work_n27ihsbkpjfo3ankjp6zxbhpsi 341 17 be- be- JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 341 18 haviors havior NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 341 19 obtains obtain NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 341 20 even even RB work_n27ihsbkpjfo3ankjp6zxbhpsi 341 21 as as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 341 22 stakes stake NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 341 23 rise rise VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 341 24 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 341 25 several several JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 341 26 thousand thousand CD work_n27ihsbkpjfo3ankjp6zxbhpsi 341 27 dollars dollar NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 341 28 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 342 1 This this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 342 2 point point NN work_n27ihsbkpjfo3ankjp6zxbhpsi 342 3 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 342 4 also also RB work_n27ihsbkpjfo3ankjp6zxbhpsi 342 5 emphasized emphasize VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 342 6 on on IN work_n27ihsbkpjfo3ankjp6zxbhpsi 342 7 table table NN work_n27ihsbkpjfo3ankjp6zxbhpsi 342 8 1 1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 342 9 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 342 10 Rabin Rabin NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 342 11 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 342 12 Thaler Thaler NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 342 13 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 342 14 2001 2001 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 342 15 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 342 16 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 342 17 suggests suggest VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 342 18 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 342 19 gambles gamble NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 342 20 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 342 21 this this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 342 22 size size NN work_n27ihsbkpjfo3ankjp6zxbhpsi 342 23 unavoid- unavoid- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 342 24 ably ably RB work_n27ihsbkpjfo3ankjp6zxbhpsi 342 25 lead lead VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 342 26 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 342 27 parameter parameter NN work_n27ihsbkpjfo3ankjp6zxbhpsi 342 28 estimates estimate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 342 29 that that WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 342 30 imply imply VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 342 31 near- near- FW work_n27ihsbkpjfo3ankjp6zxbhpsi 342 32 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 342 33 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 342 34 neutrality neutrality NN work_n27ihsbkpjfo3ankjp6zxbhpsi 342 35 within within IN work_n27ihsbkpjfo3ankjp6zxbhpsi 342 36 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 342 37 expected expected JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 342 38 utility utility NN work_n27ihsbkpjfo3ankjp6zxbhpsi 342 39 paradigm paradigm NN work_n27ihsbkpjfo3ankjp6zxbhpsi 342 40 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 343 1 Thus thus RB work_n27ihsbkpjfo3ankjp6zxbhpsi 343 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 343 3 given give VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 343 4 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 343 5 most most JJS work_n27ihsbkpjfo3ankjp6zxbhpsi 343 6 previous previous JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 343 7 studies study NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 343 8 based base VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 343 9 their -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 343 10 estimates estimate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 343 11 on on IN work_n27ihsbkpjfo3ankjp6zxbhpsi 343 12 gambles gamble NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 343 13 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 343 14 maximum maximum JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 343 15 stakes stake NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 343 16 around around IN work_n27ihsbkpjfo3ankjp6zxbhpsi 343 17 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 343 18 20,000 20,000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 343 19 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 343 20 it -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 343 21 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 343 22 not not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 343 23 surprising surprising JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 343 24 at at RB work_n27ihsbkpjfo3ankjp6zxbhpsi 343 25 all all RB work_n27ihsbkpjfo3ankjp6zxbhpsi 343 26 that that WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 343 27 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 343 28 results result NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 343 29 point point VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 343 30 towards towards IN work_n27ihsbkpjfo3ankjp6zxbhpsi 343 31 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 343 32 neutrality neutrality NN work_n27ihsbkpjfo3ankjp6zxbhpsi 343 33 or or CC work_n27ihsbkpjfo3ankjp6zxbhpsi 343 34 mild mild JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 343 35 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 343 36 aversion.14 aversion.14 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 343 37 However however RB work_n27ihsbkpjfo3ankjp6zxbhpsi 343 38 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 343 39 we -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 343 40 estimated estimate VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 343 41 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 343 42 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 343 43 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 343 44 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 343 45 parameters parameter NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 343 46 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 343 47 decisions decision NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 343 48 involving involve VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 343 49 unusually unusually RB work_n27ihsbkpjfo3ankjp6zxbhpsi 343 50 high high JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 343 51 stakes stake NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 343 52 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 344 1 In in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 344 2 fact fact NN work_n27ihsbkpjfo3ankjp6zxbhpsi 344 3 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 344 4 stakes stake NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 344 5 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 344 6 Hoosier Hoosier NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 344 7 Millionaire Millionaire NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 344 8 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 344 9 much much RB work_n27ihsbkpjfo3ankjp6zxbhpsi 344 10 higher high JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 344 11 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 344 12 20 20 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 344 13 times time NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 344 14 or or CC work_n27ihsbkpjfo3ankjp6zxbhpsi 344 15 more more JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 344 16 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 344 17 most most JJS work_n27ihsbkpjfo3ankjp6zxbhpsi 344 18 cases case NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 344 19 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 344 20 than than IN work_n27ihsbkpjfo3ankjp6zxbhpsi 344 21 those those DT work_n27ihsbkpjfo3ankjp6zxbhpsi 344 22 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 344 23 any any DT work_n27ihsbkpjfo3ankjp6zxbhpsi 344 24 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 344 25 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 344 26 games game NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 344 27 analyzed analyze VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 344 28 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 344 29 other other JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 344 30 studies study NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 344 31 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 345 1 Thus thus RB work_n27ihsbkpjfo3ankjp6zxbhpsi 345 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 345 3 we -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 345 4 must must MD work_n27ihsbkpjfo3ankjp6zxbhpsi 345 5 base base VB work_n27ihsbkpjfo3ankjp6zxbhpsi 345 6 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 345 7 inferences inference NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 345 8 on on IN work_n27ihsbkpjfo3ankjp6zxbhpsi 345 9 stakes stake NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 345 10 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 345 11 this this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 345 12 magnitude magnitude NN work_n27ihsbkpjfo3ankjp6zxbhpsi 345 13 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 346 1 For for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 346 2 instance instance NN work_n27ihsbkpjfo3ankjp6zxbhpsi 346 3 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 346 4 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 346 5 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 346 6 50 50 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 346 7 - - SYM work_n27ihsbkpjfo3ankjp6zxbhpsi 346 8 50 50 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 346 9 gamble gamble NN work_n27ihsbkpjfo3ankjp6zxbhpsi 346 10 between between IN work_n27ihsbkpjfo3ankjp6zxbhpsi 346 11 winning win VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 346 12 nothing nothing NN work_n27ihsbkpjfo3ankjp6zxbhpsi 346 13 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 346 14 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 346 15 1 1 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 346 16 million million CD work_n27ihsbkpjfo3ankjp6zxbhpsi 346 17 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 346 18 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 346 19 certainty certainty NN work_n27ihsbkpjfo3ankjp6zxbhpsi 346 20 equivalents equivalent VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 346 21 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 346 22 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 346 23 mean mean JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 346 24 estimates estimate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 346 25 imply imply VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 346 26 range range NN work_n27ihsbkpjfo3ankjp6zxbhpsi 346 27 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 346 28 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 346 29 57,308 57,308 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 346 30 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 346 31 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 346 32 255,422 255,422 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 346 33 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 346 34 indicating indicate VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 346 35 substantial substantial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 346 36 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 346 37 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 346 38 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 347 1 Moreover moreover RB work_n27ihsbkpjfo3ankjp6zxbhpsi 347 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 347 3 there there EX work_n27ihsbkpjfo3ankjp6zxbhpsi 347 4 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 347 5 wide wide JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 347 6 variation variation NN work_n27ihsbkpjfo3ankjp6zxbhpsi 347 7 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 347 8 certainty certainty NN work_n27ihsbkpjfo3ankjp6zxbhpsi 347 9 equivalents equivalent NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 347 10 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 347 11 depending depend VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 347 12 on on IN work_n27ihsbkpjfo3ankjp6zxbhpsi 347 13 rationality rationality NN work_n27ihsbkpjfo3ankjp6zxbhpsi 347 14 assumptions assumption NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 347 15 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 348 1 More More JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 348 2 pre- pre- RB work_n27ihsbkpjfo3ankjp6zxbhpsi 348 3 cisely cisely RB work_n27ihsbkpjfo3ankjp6zxbhpsi 348 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 348 5 fully fully RB work_n27ihsbkpjfo3ankjp6zxbhpsi 348 6 rational rational JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 348 7 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 348 8 display display VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 348 9 uniformly uniformly RB work_n27ihsbkpjfo3ankjp6zxbhpsi 348 10 higher high JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 348 11 cer- cer- JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 348 12 tainty tainty NN work_n27ihsbkpjfo3ankjp6zxbhpsi 348 13 equivalents equivalent NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 348 14 than than IN work_n27ihsbkpjfo3ankjp6zxbhpsi 348 15 all all DT work_n27ihsbkpjfo3ankjp6zxbhpsi 348 16 boundedly boundedly RB work_n27ihsbkpjfo3ankjp6zxbhpsi 348 17 rational rational JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 348 18 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 348 19 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 348 20 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 348 21 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 348 22 who who WP work_n27ihsbkpjfo3ankjp6zxbhpsi 348 23 do do VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 348 24 not not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 348 25 backward backward RB work_n27ihsbkpjfo3ankjp6zxbhpsi 348 26 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 348 27 induct induct VB work_n27ihsbkpjfo3ankjp6zxbhpsi 348 28 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 348 29 fail fail VB work_n27ihsbkpjfo3ankjp6zxbhpsi 348 30 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 348 31 discount discount VB work_n27ihsbkpjfo3ankjp6zxbhpsi 348 32 their -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 348 33 payoffs payoff NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 348 34 display display VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 348 35 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 348 36 lowest low JJS work_n27ihsbkpjfo3ankjp6zxbhpsi 348 37 certainty certainty NN work_n27ihsbkpjfo3ankjp6zxbhpsi 348 38 equivalents equivalent VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 348 39 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 349 1 These these DT work_n27ihsbkpjfo3ankjp6zxbhpsi 349 2 facts fact NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 349 3 suggest suggest VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 349 4 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 349 5 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 349 6 willingness willingness NN work_n27ihsbkpjfo3ankjp6zxbhpsi 349 7 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 349 8 take take VB work_n27ihsbkpjfo3ankjp6zxbhpsi 349 9 on on RP work_n27ihsbkpjfo3ankjp6zxbhpsi 349 10 large large JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 349 11 gambles gamble NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 349 12 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 349 13 inversely inversely RB work_n27ihsbkpjfo3ankjp6zxbhpsi 349 14 related related JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 349 15 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 349 16 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 349 17 extent extent NN work_n27ihsbkpjfo3ankjp6zxbhpsi 349 18 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 349 19 rationality rationality NN work_n27ihsbkpjfo3ankjp6zxbhpsi 349 20 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 349 21 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 349 22 contes- contes- JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 349 23 tant tant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 349 24 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 350 1 Because because IN work_n27ihsbkpjfo3ankjp6zxbhpsi 350 2 boundedly boundedly RB work_n27ihsbkpjfo3ankjp6zxbhpsi 350 3 rational rational JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 350 4 contestants contestant NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 350 5 fail fail VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 350 6 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 350 7 take take VB work_n27ihsbkpjfo3ankjp6zxbhpsi 350 8 account account NN work_n27ihsbkpjfo3ankjp6zxbhpsi 350 9 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 350 10 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 350 11 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 350 12 option option NN work_n27ihsbkpjfo3ankjp6zxbhpsi 350 13 value value NN work_n27ihsbkpjfo3ankjp6zxbhpsi 350 14 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 350 15 continuing continue VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 350 16 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 350 17 make make VB work_n27ihsbkpjfo3ankjp6zxbhpsi 350 18 decisions decision NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 350 19 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 350 20 their -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 350 21 perceived perceive VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 350 22 expected expect VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 350 23 utility utility NN work_n27ihsbkpjfo3ankjp6zxbhpsi 350 24 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 350 25 gambling gambling NN work_n27ihsbkpjfo3ankjp6zxbhpsi 350 26 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 350 27 below below IN work_n27ihsbkpjfo3ankjp6zxbhpsi 350 28 that that DT work_n27ihsbkpjfo3ankjp6zxbhpsi 350 29 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 350 30 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 350 31 fully fully RB work_n27ihsbkpjfo3ankjp6zxbhpsi 350 32 rational rational JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 350 33 contestant contestant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 350 34 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 351 1 Table table NN work_n27ihsbkpjfo3ankjp6zxbhpsi 351 2 5 5 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 351 3 also also RB work_n27ihsbkpjfo3ankjp6zxbhpsi 351 4 reports report VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 351 5 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 351 6 CEs ce NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 351 7 associated associate VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 351 8 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 351 9 two two CD work_n27ihsbkpjfo3ankjp6zxbhpsi 351 10 intermediate intermediate JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 351 11 gambles gamble NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 351 12 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 351 13 which which WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 351 14 show show VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 351 15 how how WRB work_n27ihsbkpjfo3ankjp6zxbhpsi 351 16 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 351 17 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 351 18 starts start VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 351 19 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 351 20 surface surface VB work_n27ihsbkpjfo3ankjp6zxbhpsi 351 21 more more RBR work_n27ihsbkpjfo3ankjp6zxbhpsi 351 22 dramatically dramatically RB work_n27ihsbkpjfo3ankjp6zxbhpsi 351 23 as as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 351 24 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 351 25 stakes stake NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 351 26 grow grow VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 351 27 larger.13 larger.13 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 351 28 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 351 29 income income NN work_n27ihsbkpjfo3ankjp6zxbhpsi 351 30 statistics statistic NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 351 31 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 351 32 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 351 33 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 351 34 1990 1990 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 351 35 census census NN work_n27ihsbkpjfo3ankjp6zxbhpsi 351 36 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 351 37 1989 1989 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 351 38 figures figure NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 351 39 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 351 40 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 351 41 whereas whereas IN work_n27ihsbkpjfo3ankjp6zxbhpsi 351 42 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 351 43 gambling gambling NN work_n27ihsbkpjfo3ankjp6zxbhpsi 351 44 figures figure NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 351 45 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 351 46 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 351 47 1992–1998 1992–1998 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 351 48 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 352 1 Although although IN work_n27ihsbkpjfo3ankjp6zxbhpsi 352 2 post-1989 post-1989 JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 352 3 contestant contestant JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 352 4 census census NN work_n27ihsbkpjfo3ankjp6zxbhpsi 352 5 tract tract NN work_n27ihsbkpjfo3ankjp6zxbhpsi 352 6 figures figure NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 352 7 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 352 8 not not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 352 9 available available JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 352 10 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 352 11 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 352 12 income income NN work_n27ihsbkpjfo3ankjp6zxbhpsi 352 13 variation variation NN work_n27ihsbkpjfo3ankjp6zxbhpsi 352 14 within within IN work_n27ihsbkpjfo3ankjp6zxbhpsi 352 15 this this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 352 16 period period NN work_n27ihsbkpjfo3ankjp6zxbhpsi 352 17 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 352 18 not not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 352 19 significant significant JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 352 20 enough enough RB work_n27ihsbkpjfo3ankjp6zxbhpsi 352 21 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 352 22 meaningfully meaningfully RB work_n27ihsbkpjfo3ankjp6zxbhpsi 352 23 affect affect VB work_n27ihsbkpjfo3ankjp6zxbhpsi 352 24 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 352 25 CRRA CRRA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 352 26 estimates estimate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 352 27 or or CC work_n27ihsbkpjfo3ankjp6zxbhpsi 352 28 its -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 352 29 interpretation interpretation NN work_n27ihsbkpjfo3ankjp6zxbhpsi 352 30 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 353 1 For for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 353 2 instance instance NN work_n27ihsbkpjfo3ankjp6zxbhpsi 353 3 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 353 4 median median JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 353 5 household household NN work_n27ihsbkpjfo3ankjp6zxbhpsi 353 6 income income NN work_n27ihsbkpjfo3ankjp6zxbhpsi 353 7 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 353 8 Indiana Indiana NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 353 9 was be VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 353 10 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 353 11 31,776 31,776 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 353 12 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 353 13 1995 1995 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 353 14 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 353 15 indicating indicate VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 353 16 only only RB work_n27ihsbkpjfo3ankjp6zxbhpsi 353 17 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 353 18 modest modest JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 353 19 nominal nominal JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 353 20 increase increase NN work_n27ihsbkpjfo3ankjp6zxbhpsi 353 21 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 353 22 10.35 10.35 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 353 23 % % NN work_n27ihsbkpjfo3ankjp6zxbhpsi 353 24 relative relative JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 353 25 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 353 26 1989 1989 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 353 27 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 354 1 14 14 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 354 2 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 354 3 high high JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 354 4 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 354 5 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 354 6 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 354 7 parameters parameter NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 354 8 estimated estimate VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 354 9 by by IN work_n27ihsbkpjfo3ankjp6zxbhpsi 354 10 Beetsma Beetsma NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 354 11 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 354 12 Schot- Schot- NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 354 13 man man NN work_n27ihsbkpjfo3ankjp6zxbhpsi 354 14 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 354 15 2001 2001 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 354 16 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 354 17 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 354 18 an an DT work_n27ihsbkpjfo3ankjp6zxbhpsi 354 19 exception exception NN work_n27ihsbkpjfo3ankjp6zxbhpsi 354 20 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 355 1 Given give VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 355 2 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 355 3 relatively relatively RB work_n27ihsbkpjfo3ankjp6zxbhpsi 355 4 small small JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 355 5 average average JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 355 6 stakes stake NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 355 7 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 355 8 their -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 355 9 gambles gamble NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 355 10 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 355 11 around around IN work_n27ihsbkpjfo3ankjp6zxbhpsi 355 12 $ $ $ work_n27ihsbkpjfo3ankjp6zxbhpsi 355 13 1500 1500 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 355 14 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 355 15 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 355 16 it -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 355 17 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 355 18 possible possible JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 355 19 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 355 20 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 355 21 subjective subjective JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 355 22 elements element NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 355 23 involved involve VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 355 24 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 355 25 their -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 355 26 decisions decision NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 355 27 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 355 28 influencing influence VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 355 29 their -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 355 30 estimates estimate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 355 31 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 356 1 NOTES NOTES NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 356 2 225 225 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 356 3 What what WP work_n27ihsbkpjfo3ankjp6zxbhpsi 356 4 can can MD work_n27ihsbkpjfo3ankjp6zxbhpsi 356 5 we -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 356 6 learn learn VB work_n27ihsbkpjfo3ankjp6zxbhpsi 356 7 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 356 8 these these DT work_n27ihsbkpjfo3ankjp6zxbhpsi 356 9 results result NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 356 10 ? ? . work_n27ihsbkpjfo3ankjp6zxbhpsi 357 1 First first RB work_n27ihsbkpjfo3ankjp6zxbhpsi 357 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 357 3 one one PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 357 4 should should MD work_n27ihsbkpjfo3ankjp6zxbhpsi 357 5 be be VB work_n27ihsbkpjfo3ankjp6zxbhpsi 357 6 very very RB work_n27ihsbkpjfo3ankjp6zxbhpsi 357 7 careful careful JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 357 8 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 357 9 drawing draw VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 357 10 general general JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 357 11 conclusions conclusion NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 357 12 about about IN work_n27ihsbkpjfo3ankjp6zxbhpsi 357 13 pref- pref- JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 357 14 erences erence NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 357 15 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 357 16 context context NN work_n27ihsbkpjfo3ankjp6zxbhpsi 357 17 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 357 18 specific specific JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 357 19 estimates estimate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 357 20 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 358 1 In in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 358 2 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 358 3 case case NN work_n27ihsbkpjfo3ankjp6zxbhpsi 358 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 358 5 when when WRB work_n27ihsbkpjfo3ankjp6zxbhpsi 358 6 taken take VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 358 7 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 358 8 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 358 9 context context NN work_n27ihsbkpjfo3ankjp6zxbhpsi 358 10 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 358 11 previous previous JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 358 12 studies study NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 358 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 358 14 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 358 15 estimates estimate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 358 16 point point VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 358 17 towards towards IN work_n27ihsbkpjfo3ankjp6zxbhpsi 358 18 very very RB work_n27ihsbkpjfo3ankjp6zxbhpsi 358 19 mild mild JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 358 20 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 358 21 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 358 22 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 359 1 However however RB work_n27ihsbkpjfo3ankjp6zxbhpsi 359 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 359 3 once once IN work_n27ihsbkpjfo3ankjp6zxbhpsi 359 4 we -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 359 5 account account VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 359 6 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 359 7 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 359 8 actual actual JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 359 9 context context NN work_n27ihsbkpjfo3ankjp6zxbhpsi 359 10 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 359 11 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 359 12 estimation estimation NN work_n27ihsbkpjfo3ankjp6zxbhpsi 359 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 359 14 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 359 15 results result NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 359 16 indicate indicate VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 359 17 substantial substantial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 359 18 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 359 19 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 359 20 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 360 1 Thus thus RB work_n27ihsbkpjfo3ankjp6zxbhpsi 360 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 360 3 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 360 4 recent recent JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 360 5 claims claim NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 360 6 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 360 7 Rabin Rabin NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 360 8 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 360 9 2000a 2000a CD work_n27ihsbkpjfo3ankjp6zxbhpsi 360 10 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 360 11 2000b 2000b CD work_n27ihsbkpjfo3ankjp6zxbhpsi 360 12 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 360 13 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 360 14 Rabin Rabin NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 360 15 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 360 16 Thaler Thaler NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 360 17 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 360 18 2001 2001 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 360 19 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 360 20 about about IN work_n27ihsbkpjfo3ankjp6zxbhpsi 360 21 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 360 22 limited limited JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 360 23 applicability applicability NN work_n27ihsbkpjfo3ankjp6zxbhpsi 360 24 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 360 25 expected expect VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 360 26 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 360 27 utility utility NN work_n27ihsbkpjfo3ankjp6zxbhpsi 360 28 theory theory NN work_n27ihsbkpjfo3ankjp6zxbhpsi 360 29 when when WRB work_n27ihsbkpjfo3ankjp6zxbhpsi 360 30 stakes stake NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 360 31 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 360 32 small small JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 360 33 should should MD work_n27ihsbkpjfo3ankjp6zxbhpsi 360 34 be be VB work_n27ihsbkpjfo3ankjp6zxbhpsi 360 35 taken take VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 360 36 very very RB work_n27ihsbkpjfo3ankjp6zxbhpsi 360 37 seriously seriously RB work_n27ihsbkpjfo3ankjp6zxbhpsi 360 38 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 361 1 Second second JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 361 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 361 3 not not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 361 4 only only RB work_n27ihsbkpjfo3ankjp6zxbhpsi 361 5 does do VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 361 6 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 361 7 size size NN work_n27ihsbkpjfo3ankjp6zxbhpsi 361 8 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 361 9 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 361 10 stakes stake NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 361 11 affect affect VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 361 12 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 361 13 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 361 14 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 361 15 inferences inference NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 361 16 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 361 17 but but CC work_n27ihsbkpjfo3ankjp6zxbhpsi 361 18 it -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 361 19 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 361 20 also also RB work_n27ihsbkpjfo3ankjp6zxbhpsi 361 21 very very RB work_n27ihsbkpjfo3ankjp6zxbhpsi 361 22 important important JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 361 23 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 361 24 helping help VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 361 25 us -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 361 26 distinguish distinguish VB work_n27ihsbkpjfo3ankjp6zxbhpsi 361 27 across across IN work_n27ihsbkpjfo3ankjp6zxbhpsi 361 28 behaviors behavior NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 361 29 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 361 30 decision decision NN work_n27ihsbkpjfo3ankjp6zxbhpsi 361 31 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 361 32 making make VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 361 33 problems problem NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 361 34 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 362 1 As as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 362 2 we -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 362 3 showed show VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 362 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 362 5 estimates estimate NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 362 6 based base VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 362 7 on on IN work_n27ihsbkpjfo3ankjp6zxbhpsi 362 8 small small JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 362 9 stakes stake NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 362 10 may may MD work_n27ihsbkpjfo3ankjp6zxbhpsi 362 11 yield yield VB work_n27ihsbkpjfo3ankjp6zxbhpsi 362 12 decision decision NN work_n27ihsbkpjfo3ankjp6zxbhpsi 362 13 rules rule NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 362 14 that that WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 362 15 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 362 16 economically economically RB work_n27ihsbkpjfo3ankjp6zxbhpsi 362 17 indistinguishable indistinguishable JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 362 18 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 362 19 fully fully RB work_n27ihsbkpjfo3ankjp6zxbhpsi 362 20 rational rational JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 362 21 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 362 22 boundedly boundedly RB work_n27ihsbkpjfo3ankjp6zxbhpsi 362 23 rational rational JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 362 24 decision decision NN work_n27ihsbkpjfo3ankjp6zxbhpsi 362 25 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 362 26 makers maker NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 362 27 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 363 1 Only only RB work_n27ihsbkpjfo3ankjp6zxbhpsi 363 2 at at IN work_n27ihsbkpjfo3ankjp6zxbhpsi 363 3 high high JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 363 4 stakes stake NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 363 5 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 363 6 these these DT work_n27ihsbkpjfo3ankjp6zxbhpsi 363 7 behavioral behavioral JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 363 8 differences difference NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 363 9 clearly clearly RB work_n27ihsbkpjfo3ankjp6zxbhpsi 363 10 observable observable JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 363 11 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 364 1 Finally finally RB work_n27ihsbkpjfo3ankjp6zxbhpsi 364 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 364 3 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 364 4 common common JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 364 5 criticism criticism NN work_n27ihsbkpjfo3ankjp6zxbhpsi 364 6 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 364 7 field field NN work_n27ihsbkpjfo3ankjp6zxbhpsi 364 8 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 364 9 study study NN work_n27ihsbkpjfo3ankjp6zxbhpsi 364 10 data data NN work_n27ihsbkpjfo3ankjp6zxbhpsi 364 11 pertains pertain VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 364 12 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 364 13 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 364 14 selection selection NN work_n27ihsbkpjfo3ankjp6zxbhpsi 364 15 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 364 16 participating participate VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 364 17 subjects subject NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 364 18 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 365 1 It -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 365 2 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 365 3 possible possible JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 365 4 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 365 5 indi- indi- NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 365 6 viduals vidual NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 365 7 participating participate VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 365 8 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 365 9 these these DT work_n27ihsbkpjfo3ankjp6zxbhpsi 365 10 games game NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 365 11 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 365 12 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 365 13 some some DT work_n27ihsbkpjfo3ankjp6zxbhpsi 365 14 sense sense NN work_n27ihsbkpjfo3ankjp6zxbhpsi 365 15 different different JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 365 16 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 365 17 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 365 18 rest rest NN work_n27ihsbkpjfo3ankjp6zxbhpsi 365 19 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 365 20 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 365 21 population population NN work_n27ihsbkpjfo3ankjp6zxbhpsi 365 22 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 366 1 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 366 2 evidence evidence NN work_n27ihsbkpjfo3ankjp6zxbhpsi 366 3 presented present VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 366 4 here here RB work_n27ihsbkpjfo3ankjp6zxbhpsi 366 5 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 366 6 also also RB work_n27ihsbkpjfo3ankjp6zxbhpsi 366 7 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 366 8 Hersch Hersch NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 366 9 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 366 10 McDougall McDougall NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 366 11 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 366 12 1997 1997 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 366 13 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 366 14 suggests suggest VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 366 15 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 366 16 this this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 366 17 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 366 18 not not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 366 19 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 366 20 case case NN work_n27ihsbkpjfo3ankjp6zxbhpsi 366 21 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 366 22 regard regard NN work_n27ihsbkpjfo3ankjp6zxbhpsi 366 23 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 366 24 observable observable JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 366 25 characteristics characteristic NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 366 26 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 367 1 How- How- NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 367 2 ever ever RB work_n27ihsbkpjfo3ankjp6zxbhpsi 367 3 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 367 4 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 367 5 contestant contestant NN work_n27ihsbkpjfo3ankjp6zxbhpsi 367 6 sample sample NN work_n27ihsbkpjfo3ankjp6zxbhpsi 367 7 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 367 8 more more RBR work_n27ihsbkpjfo3ankjp6zxbhpsi 367 9 likely likely JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 367 10 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 367 11 be be VB work_n27ihsbkpjfo3ankjp6zxbhpsi 367 12 selected select VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 367 13 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 367 14 individuals individual NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 367 15 who who WP work_n27ihsbkpjfo3ankjp6zxbhpsi 367 16 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 367 17 heavy heavy JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 367 18 lottery lottery NN work_n27ihsbkpjfo3ankjp6zxbhpsi 367 19 ticket ticket NN work_n27ihsbkpjfo3ankjp6zxbhpsi 367 20 buyers buyer NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 367 21 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 368 1 Thus thus RB work_n27ihsbkpjfo3ankjp6zxbhpsi 368 2 our -PRON- PRP$ work_n27ihsbkpjfo3ankjp6zxbhpsi 368 3 results result NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 368 4 can can MD work_n27ihsbkpjfo3ankjp6zxbhpsi 368 5 be be VB work_n27ihsbkpjfo3ankjp6zxbhpsi 368 6 interpreted interpret VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 368 7 as as IN work_n27ihsbkpjfo3ankjp6zxbhpsi 368 8 providing provide VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 368 9 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 368 10 quasi quasi NN work_n27ihsbkpjfo3ankjp6zxbhpsi 368 11 lower lower RBR work_n27ihsbkpjfo3ankjp6zxbhpsi 368 12 bound bind VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 368 13 on on IN work_n27ihsbkpjfo3ankjp6zxbhpsi 368 14 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 368 15 mean mean JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 368 16 risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 368 17 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 368 18 aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 368 19 parameter parameter NN work_n27ihsbkpjfo3ankjp6zxbhpsi 368 20 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 368 21 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 368 22 population population NN work_n27ihsbkpjfo3ankjp6zxbhpsi 368 23 at at IN work_n27ihsbkpjfo3ankjp6zxbhpsi 368 24 large large JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 368 25 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 369 1 REFERENCES REFERENCES NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 369 2 Beetsma Beetsma NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 369 3 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 369 4 Roel Roel NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 369 5 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 369 6 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 369 7 Peter Peter NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 369 8 Schotman Schotman NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 369 9 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 369 10 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 369 11 Measuring Measuring NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 369 12 Risk Risk NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 369 13 Attitudes Attitudes NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 369 14 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 369 15 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 369 16 Natural Natural NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 369 17 Experiment Experiment NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 369 18 : : : work_n27ihsbkpjfo3ankjp6zxbhpsi 369 19 Data datum NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 369 20 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 369 21 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 369 22 Television Television NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 369 23 Game Game NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 369 24 Show Show NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 369 25 LINGO LINGO NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 369 26 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 369 27 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 369 28 Economic Economic NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 369 29 Journal Journal NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 369 30 474 474 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 369 31 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 369 32 2001 2001 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 369 33 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 369 34 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 369 35 821–848 821–848 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 369 36 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 370 1 Binswanger binswang JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 370 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 370 3 Hans Hans NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 370 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 370 5 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 370 6 Attitudes attitude NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 370 7 Towards towards IN work_n27ihsbkpjfo3ankjp6zxbhpsi 370 8 Risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 370 9 : : : work_n27ihsbkpjfo3ankjp6zxbhpsi 370 10 Theoretical theoretical JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 370 11 Implications implication NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 370 12 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 370 13 an an DT work_n27ihsbkpjfo3ankjp6zxbhpsi 370 14 Experiment Experiment NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 370 15 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 370 16 Rural Rural NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 370 17 India India NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 370 18 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 370 19 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 370 20 Economic Economic NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 370 21 Journal Journal NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 370 22 91 91 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 370 23 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 370 24 1981 1981 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 370 25 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 370 26 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 370 27 867–890 867–890 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 370 28 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 371 1 Camerer Camerer NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 371 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 371 3 Colin Colin NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 371 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 371 5 Eric Eric NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 371 6 Johnson Johnson NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 371 7 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 371 8 Talia Talia NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 371 9 Rymon Rymon NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 371 10 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 371 11 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 371 12 Sankar Sankar NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 371 13 Sen Sen NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 371 14 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 371 15 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 371 16 Cogni- Cogni- NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 371 17 tion tion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 371 18 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 371 19 Framing framing NN work_n27ihsbkpjfo3ankjp6zxbhpsi 371 20 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 371 21 Sequential Sequential NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 371 22 Bargaining Bargaining NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 371 23 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 371 24 Gains Gains NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 371 25 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 371 26 Losses Losses NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 371 27 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 371 28 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 371 29 pp pp NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 371 30 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 372 1 27–48 27–48 LS work_n27ihsbkpjfo3ankjp6zxbhpsi 372 2 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 372 3 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 372 4 Ken Ken NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 372 5 Binmore Binmore NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 372 6 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 372 7 Alan Alan NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 372 8 Kirman Kirman NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 372 9 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 372 10 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 372 11 Piero Piero NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 372 12 Tani Tani NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 372 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 372 14 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 372 15 Eds Eds NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 372 16 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 373 1 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 373 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 373 3 Frontiers Frontiers NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 373 4 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 373 5 Game Game NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 373 6 Theory Theory NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 373 7 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 373 8 Cambridge Cambridge NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 373 9 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 373 10 MA MA NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 373 11 : : : work_n27ihsbkpjfo3ankjp6zxbhpsi 373 12 MIT MIT NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 373 13 Press Press NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 373 14 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 373 15 1993 1993 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 373 16 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 373 17 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 374 1 Carbone Carbone NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 374 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 374 3 Enrica Enrica NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 374 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 374 5 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 374 6 John John NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 374 7 Hey Hey NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 374 8 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 374 9 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 374 10 A a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 374 11 Test test NN work_n27ihsbkpjfo3ankjp6zxbhpsi 374 12 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 374 13 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 374 14 Principle Principle NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 374 15 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 374 16 Optimality Optimality NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 374 17 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 374 18 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 374 19 University University NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 374 20 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 374 21 York York NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 374 22 mimeograph mimeograph NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 374 23 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 374 24 2000 2000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 374 25 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 374 26 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 375 1 Chou Chou NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 375 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 375 3 Ray Ray NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 375 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 375 5 Robert Robert NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 375 6 F. F. NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 375 7 Engle Engle NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 375 8 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 375 9 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 375 10 Alex Alex NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 375 11 Kane Kane NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 375 12 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 375 13 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 375 14 Measuring measure VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 375 15 Risk Risk NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 375 16 Aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 375 17 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 375 18 Excess excess JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 375 19 Returns return NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 375 20 on on IN work_n27ihsbkpjfo3ankjp6zxbhpsi 375 21 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 375 22 Stock Stock NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 375 23 Index Index NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 375 24 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 375 25 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 375 26 Journal Journal NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 375 27 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 375 28 Econometrics Econometrics NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 375 29 52 52 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 375 30 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 375 31 1992 1992 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 375 32 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 375 33 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 375 34 201–224 201–224 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 375 35 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 376 1 Friend friend NN work_n27ihsbkpjfo3ankjp6zxbhpsi 376 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 376 3 I. I. NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 376 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 376 5 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 376 6 M. M. NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 376 7 Blume Blume NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 376 8 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 376 9 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 376 10 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 376 11 Demand demand NN work_n27ihsbkpjfo3ankjp6zxbhpsi 376 12 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 376 13 Risky Risky NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 376 14 Assets Assets NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 376 15 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 376 16 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 376 17 American American NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 376 18 Economic Economic NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 376 19 Review Review NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 376 20 65 65 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 376 21 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 376 22 1975 1975 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 376 23 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 376 24 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 376 25 900–922 900–922 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 376 26 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 377 1 Gertner Gertner NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 377 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 377 3 Robert Robert NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 377 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 377 5 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 377 6 Game game NN work_n27ihsbkpjfo3ankjp6zxbhpsi 377 7 Shows show NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 377 8 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 377 9 Economic Economic NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 377 10 Behavior Behavior NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 377 11 : : : work_n27ihsbkpjfo3ankjp6zxbhpsi 377 12 Risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 377 13 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 377 14 Taking taking NN work_n27ihsbkpjfo3ankjp6zxbhpsi 377 15 on on IN work_n27ihsbkpjfo3ankjp6zxbhpsi 377 16 ‘ ' `` work_n27ihsbkpjfo3ankjp6zxbhpsi 377 17 Card Card NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 377 18 Sharks Sharks NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 377 19 ’ ' '' work_n27ihsbkpjfo3ankjp6zxbhpsi 377 20 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 377 21 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 377 22 Quarterly Quarterly NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 377 23 Journal Journal NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 377 24 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 377 25 Economics Economics NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 377 26 108 108 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 377 27 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 377 28 1993 1993 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 377 29 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 377 30 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 377 31 507–522 507–522 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 377 32 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 378 1 Gigliotti Gigliotti NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 378 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 378 3 Gary Gary NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 378 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 378 5 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 378 6 Barry Barry NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 378 7 Sopher Sopher NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 378 8 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 378 9 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 378 10 Violations violation NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 378 11 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 378 12 Present present JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 378 13 Value Value NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 378 14 Max- Max- NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 378 15 imization imization NN work_n27ihsbkpjfo3ankjp6zxbhpsi 378 16 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 378 17 Income Income NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 378 18 Choice Choice NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 378 19 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 378 20 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 378 21 Theory Theory NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 378 22 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 378 23 Decision Decision NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 378 24 43 43 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 378 25 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 378 26 1997 1997 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 378 27 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 378 28 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 378 29 45–68 45–68 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 378 30 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 379 1 Hersch Hersch NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 379 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 379 3 Philip Philip NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 379 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 379 5 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 379 6 Gerald Gerald NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 379 7 McDougall McDougall NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 379 8 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 379 9 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 379 10 Decision decision NN work_n27ihsbkpjfo3ankjp6zxbhpsi 379 11 Making make VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 379 12 under under IN work_n27ihsbkpjfo3ankjp6zxbhpsi 379 13 Uncer- Uncer- NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 379 14 tainty tainty NN work_n27ihsbkpjfo3ankjp6zxbhpsi 379 15 When when WRB work_n27ihsbkpjfo3ankjp6zxbhpsi 379 16 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 379 17 Stakes stake NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 379 18 are be VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 379 19 High high JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 379 20 : : : work_n27ihsbkpjfo3ankjp6zxbhpsi 379 21 Evidence evidence NN work_n27ihsbkpjfo3ankjp6zxbhpsi 379 22 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 379 23 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 379 24 Lottery Lottery NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 379 25 Game Game NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 379 26 Show Show NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 379 27 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 379 28 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 379 29 Southern Southern NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 379 30 Economic Economic NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 379 31 Journal Journal NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 379 32 64 64 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 379 33 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 379 34 1997 1997 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 379 35 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 379 36 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 379 37 75–84 75–84 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 379 38 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 380 1 Kachelmeier Kachelmeier NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 380 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 380 3 Steven Steven NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 380 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 380 5 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 380 6 Mohammed Mohammed NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 380 7 Shehata Shehata NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 380 8 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 380 9 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 380 10 Examining examine VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 380 11 Risk- risk- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 380 12 Preferences preference NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 380 13 Using use VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 380 14 High High NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 380 15 Monetary Monetary NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 380 16 Incentives Incentives NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 380 17 : : : work_n27ihsbkpjfo3ankjp6zxbhpsi 380 18 Evidence evidence NN work_n27ihsbkpjfo3ankjp6zxbhpsi 380 19 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 380 20 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 380 21 People People NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 380 22 ’s ’s NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 380 23 Republic Republic NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 380 24 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 380 25 China China NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 380 26 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 380 27 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 380 28 American American NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 380 29 Economic Economic NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 380 30 Review Review NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 380 31 82 82 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 380 32 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 380 33 1992 1992 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 380 34 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 380 35 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 380 36 1120–1141 1120–1141 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 380 37 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 381 1 Loewenstein Loewenstein NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 381 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 381 3 George George NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 381 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 381 5 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 381 6 Drazen Drazen NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 381 7 Prelec Prelec NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 381 8 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 381 9 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 381 10 Negative negative JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 381 11 Time Time NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 381 12 Preference Preference NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 381 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 381 14 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 381 15 American American NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 381 16 Economic Economic NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 381 17 Review Review NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 381 18 81 81 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 381 19 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 381 20 1991 1991 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 381 21 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 381 22 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 381 23 347–352 347–352 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 381 24 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 382 1 Loewenstein Loewenstein NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 382 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 382 3 George George NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 382 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 382 5 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 382 6 Richard Richard NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 382 7 Thaler Thaler NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 382 8 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 382 9 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 382 10 Anomalies anomaly NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 382 11 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 383 1 Intertemporal Intertemporal NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 383 2 Choice Choice NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 383 3 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 383 4 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 383 5 Journal Journal NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 383 6 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 383 7 Economic Economic NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 383 8 Perspectives Perspectives NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 383 9 3 3 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 383 10 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 383 11 1989 1989 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 383 12 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 383 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 383 14 181–193 181–193 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 383 15 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 384 1 Metrick Metrick NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 384 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 384 3 Andrew Andrew NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 384 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 384 5 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 384 6 A a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 384 7 Natural Natural NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 384 8 Experiment Experiment NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 384 9 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 384 10 Jeopardy Jeopardy NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 384 11 ! ! . work_n27ihsbkpjfo3ankjp6zxbhpsi 384 12 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 384 13 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 384 14 American American NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 384 15 Eco- Eco- NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 384 16 nomic nomic NN work_n27ihsbkpjfo3ankjp6zxbhpsi 384 17 Review Review NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 384 18 85 85 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 384 19 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 384 20 1995 1995 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 384 21 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 384 22 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 384 23 240–253 240–253 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 384 24 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 385 1 Rabin Rabin NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 385 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 385 3 Mathew Mathew NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 385 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 385 5 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 385 6 Risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 385 7 Aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 385 8 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 385 9 Expected Expected NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 385 10 Utility Utility NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 385 11 Theory theory NN work_n27ihsbkpjfo3ankjp6zxbhpsi 385 12 : : : work_n27ihsbkpjfo3ankjp6zxbhpsi 385 13 A a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 385 14 Calibra- Calibra- NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 385 15 tion tion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 385 16 Theorem theorem NN work_n27ihsbkpjfo3ankjp6zxbhpsi 385 17 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 385 18 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 385 19 Econometrica Econometrica NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 385 20 68 68 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 385 21 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 385 22 2000a 2000a CD work_n27ihsbkpjfo3ankjp6zxbhpsi 385 23 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 385 24 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 385 25 1281–1292 1281–1292 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 385 26 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 386 1 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 386 2 Diminishing diminish VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 386 3 Marginal marginal JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 386 4 Utility utility NN work_n27ihsbkpjfo3ankjp6zxbhpsi 386 5 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 386 6 Wealth wealth NN work_n27ihsbkpjfo3ankjp6zxbhpsi 386 7 Can can MD work_n27ihsbkpjfo3ankjp6zxbhpsi 386 8 not not RB work_n27ihsbkpjfo3ankjp6zxbhpsi 386 9 Explain explain VB work_n27ihsbkpjfo3ankjp6zxbhpsi 386 10 Risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 386 11 Aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 386 12 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 386 13 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 386 14 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 386 15 Daniel Daniel NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 386 16 Kahneman Kahneman NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 386 17 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 386 18 Amos Amos NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 386 19 Tversky Tversky NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 386 20 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 386 21 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 386 22 Eds Eds NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 386 23 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 387 1 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 387 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 387 3 Choices choice NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 387 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 387 5 Values value NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 387 6 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 387 7 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 387 8 Frames Frames NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 387 9 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 387 10 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 387 11 New New NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 387 12 York York NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 387 13 : : : work_n27ihsbkpjfo3ankjp6zxbhpsi 387 14 Cambridge Cambridge NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 387 15 University University NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 387 16 Press Press NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 387 17 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 387 18 2000b 2000b CD work_n27ihsbkpjfo3ankjp6zxbhpsi 387 19 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 387 20 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 388 1 Rabin Rabin NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 388 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 388 3 Mathew Mathew NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 388 4 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 388 5 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 388 6 Richard Richard NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 388 7 Thaler Thaler NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 388 8 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 388 9 “ " `` work_n27ihsbkpjfo3ankjp6zxbhpsi 388 10 Anomalies anomaly NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 388 11 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 389 1 Risk risk NN work_n27ihsbkpjfo3ankjp6zxbhpsi 389 2 Aversion aversion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 389 3 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 389 4 ” " '' work_n27ihsbkpjfo3ankjp6zxbhpsi 389 5 Journal Journal NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 389 6 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 389 7 Economic Economic NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 389 8 Perspectives Perspectives NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 389 9 15 15 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 389 10 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 389 11 2001 2001 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 389 12 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 389 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 389 14 219–232 219–232 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 389 15 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 390 1 THE the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 390 2 SMALL SMALL NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 390 3 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 390 4 SAMPLE SAMPLE NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 390 5 BIAS BIAS NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 390 6 OF of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 390 7 THE the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 390 8 GINI GINI NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 390 9 COEFFICIENT COEFFICIENT NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 390 10 : : : work_n27ihsbkpjfo3ankjp6zxbhpsi 390 11 RESULTS result NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 390 12 AND and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 390 13 IMPLICATIONS implication NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 390 14 FOR for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 390 15 EMPIRICAL empirical NN work_n27ihsbkpjfo3ankjp6zxbhpsi 390 16 RESEARCH research VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 390 17 George George NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 390 18 Deltas Deltas NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 390 19 * * NFP work_n27ihsbkpjfo3ankjp6zxbhpsi 390 20 Abstract Abstract NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 390 21 — — : work_n27ihsbkpjfo3ankjp6zxbhpsi 390 22 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 390 23 Gini Gini NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 390 24 coefficient coefficient NN work_n27ihsbkpjfo3ankjp6zxbhpsi 390 25 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 390 26 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 390 27 downward downward RB work_n27ihsbkpjfo3ankjp6zxbhpsi 390 28 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 390 29 biased biased JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 390 30 measure measure NN work_n27ihsbkpjfo3ankjp6zxbhpsi 390 31 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 390 32 inequal- inequal- JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 390 33 ity ity NN work_n27ihsbkpjfo3ankjp6zxbhpsi 390 34 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 390 35 small small JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 390 36 populations population NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 390 37 when when WRB work_n27ihsbkpjfo3ankjp6zxbhpsi 390 38 income income NN work_n27ihsbkpjfo3ankjp6zxbhpsi 390 39 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 390 40 generated generate VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 390 41 by by IN work_n27ihsbkpjfo3ankjp6zxbhpsi 390 42 one one CD work_n27ihsbkpjfo3ankjp6zxbhpsi 390 43 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 390 44 three three CD work_n27ihsbkpjfo3ankjp6zxbhpsi 390 45 common common JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 390 46 distributions distribution NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 390 47 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 391 1 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 391 2 paper paper NN work_n27ihsbkpjfo3ankjp6zxbhpsi 391 3 discusses discuss VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 391 4 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 391 5 sources source NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 391 6 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 391 7 bias bias NN work_n27ihsbkpjfo3ankjp6zxbhpsi 391 8 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 391 9 argues argue VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 391 10 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 391 11 this this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 391 12 property property NN work_n27ihsbkpjfo3ankjp6zxbhpsi 391 13 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 391 14 far far RB work_n27ihsbkpjfo3ankjp6zxbhpsi 391 15 more more RBR work_n27ihsbkpjfo3ankjp6zxbhpsi 391 16 general general JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 391 17 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 392 1 This this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 392 2 has have VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 392 3 implications implication NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 392 4 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 392 5 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 392 6 i i NN work_n27ihsbkpjfo3ankjp6zxbhpsi 392 7 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 392 8 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 392 9 comparison comparison NN work_n27ihsbkpjfo3ankjp6zxbhpsi 392 10 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 392 11 inequality inequality NN work_n27ihsbkpjfo3ankjp6zxbhpsi 392 12 among among IN work_n27ihsbkpjfo3ankjp6zxbhpsi 392 13 subsamples subsample NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 392 14 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 392 15 some some DT work_n27ihsbkpjfo3ankjp6zxbhpsi 392 16 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 392 17 which which WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 392 18 may may MD work_n27ihsbkpjfo3ankjp6zxbhpsi 392 19 be be VB work_n27ihsbkpjfo3ankjp6zxbhpsi 392 20 small small JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 392 21 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 392 22 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 392 23 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 392 24 ii ii LS work_n27ihsbkpjfo3ankjp6zxbhpsi 392 25 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 392 26 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 392 27 use use NN work_n27ihsbkpjfo3ankjp6zxbhpsi 392 28 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 392 29 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 392 30 Gini Gini NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 392 31 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 392 32 measuring measure VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 392 33 firm firm NN work_n27ihsbkpjfo3ankjp6zxbhpsi 392 34 size size NN work_n27ihsbkpjfo3ankjp6zxbhpsi 392 35 inequality inequality NN work_n27ihsbkpjfo3ankjp6zxbhpsi 392 36 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 392 37 markets market NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 392 38 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 392 39 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 392 40 small small JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 392 41 number number NN work_n27ihsbkpjfo3ankjp6zxbhpsi 392 42 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 392 43 firms firm NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 392 44 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 393 1 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 393 2 small small JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 393 3 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 393 4 sample sample NN work_n27ihsbkpjfo3ankjp6zxbhpsi 393 5 bias bias NN work_n27ihsbkpjfo3ankjp6zxbhpsi 393 6 has have VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 393 7 often often RB work_n27ihsbkpjfo3ankjp6zxbhpsi 393 8 led lead VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 393 9 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 393 10 misperceptions misperception NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 393 11 about about IN work_n27ihsbkpjfo3ankjp6zxbhpsi 393 12 trends trend NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 393 13 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 393 14 industry industry NN work_n27ihsbkpjfo3ankjp6zxbhpsi 393 15 concentration concentration NN work_n27ihsbkpjfo3ankjp6zxbhpsi 393 16 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 394 1 A a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 394 2 small small JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 394 3 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 394 4 sample sample NN work_n27ihsbkpjfo3ankjp6zxbhpsi 394 5 adjustment adjustment NN work_n27ihsbkpjfo3ankjp6zxbhpsi 394 6 results result NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 394 7 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 394 8 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 394 9 reduced reduced JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 394 10 bias bias NN work_n27ihsbkpjfo3ankjp6zxbhpsi 394 11 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 394 12 which which WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 394 13 can can MD work_n27ihsbkpjfo3ankjp6zxbhpsi 394 14 no no RB work_n27ihsbkpjfo3ankjp6zxbhpsi 394 15 longer longer RB work_n27ihsbkpjfo3ankjp6zxbhpsi 394 16 be be VB work_n27ihsbkpjfo3ankjp6zxbhpsi 394 17 signed sign VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 394 18 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 395 1 This this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 395 2 remaining remain VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 395 3 bias bias NN work_n27ihsbkpjfo3ankjp6zxbhpsi 395 4 rises rise VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 395 5 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 395 6 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 395 7 dispersion dispersion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 395 8 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 395 9 falls fall VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 395 10 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 395 11 increasing increase VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 395 12 skewness skewness NN work_n27ihsbkpjfo3ankjp6zxbhpsi 395 13 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 395 14 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 395 15 distribution distribution NN work_n27ihsbkpjfo3ankjp6zxbhpsi 395 16 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 396 1 Finally finally RB work_n27ihsbkpjfo3ankjp6zxbhpsi 396 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 396 3 an an DT work_n27ihsbkpjfo3ankjp6zxbhpsi 396 4 empirical empirical JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 396 5 example example NN work_n27ihsbkpjfo3ankjp6zxbhpsi 396 6 illustrates illustrate VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 396 7 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 396 8 importance importance NN work_n27ihsbkpjfo3ankjp6zxbhpsi 396 9 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 396 10 using use VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 396 11 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 396 12 adjusted adjust VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 396 13 Gini Gini NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 396 14 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 397 1 In in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 397 2 this this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 397 3 example example NN work_n27ihsbkpjfo3ankjp6zxbhpsi 397 4 it -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 397 5 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 397 6 shown show VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 397 7 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 397 8 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 397 9 controlling control VBG work_n27ihsbkpjfo3ankjp6zxbhpsi 397 10 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 397 11 market market NN work_n27ihsbkpjfo3ankjp6zxbhpsi 397 12 characteristics characteristic NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 397 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 397 14 larger large JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 397 15 shipping shipping NN work_n27ihsbkpjfo3ankjp6zxbhpsi 397 16 cartels cartel NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 397 17 include include VBP work_n27ihsbkpjfo3ankjp6zxbhpsi 397 18 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 397 19 set set NN work_n27ihsbkpjfo3ankjp6zxbhpsi 397 20 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 397 21 firms firm NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 397 22 that that WDT work_n27ihsbkpjfo3ankjp6zxbhpsi 397 23 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 397 24 stochastically stochastically RB work_n27ihsbkpjfo3ankjp6zxbhpsi 397 25 identical identical JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 397 26 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 397 27 in in IN work_n27ihsbkpjfo3ankjp6zxbhpsi 397 28 terms term NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 397 29 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 397 30 relative relative JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 397 31 size size NN work_n27ihsbkpjfo3ankjp6zxbhpsi 397 32 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 397 33 to to IN work_n27ihsbkpjfo3ankjp6zxbhpsi 397 34 those those DT work_n27ihsbkpjfo3ankjp6zxbhpsi 397 35 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 397 36 smaller small JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 397 37 shipping shipping NN work_n27ihsbkpjfo3ankjp6zxbhpsi 397 38 cartels cartel NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 397 39 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 398 1 I. I. NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 399 1 Introduction introduction NN work_n27ihsbkpjfo3ankjp6zxbhpsi 399 2 THIS this DT work_n27ihsbkpjfo3ankjp6zxbhpsi 399 3 paper paper NN work_n27ihsbkpjfo3ankjp6zxbhpsi 399 4 shows show VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 399 5 that that IN work_n27ihsbkpjfo3ankjp6zxbhpsi 399 6 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 399 7 Gini Gini NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 399 8 coefficient coefficient NN work_n27ihsbkpjfo3ankjp6zxbhpsi 399 9 statisticexhibits statisticexhibit VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 399 10 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 399 11 significant significant JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 399 12 small small JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 399 13 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 399 14 sample sample NN work_n27ihsbkpjfo3ankjp6zxbhpsi 399 15 bias bias NN work_n27ihsbkpjfo3ankjp6zxbhpsi 399 16 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 400 1 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 400 2 Gini Gini NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 400 3 co- co- VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 400 4 efficient efficient JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 400 5 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 400 6 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 400 7 large large JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 400 8 population population NN work_n27ihsbkpjfo3ankjp6zxbhpsi 400 9 estimated estimate VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 400 10 from from IN work_n27ihsbkpjfo3ankjp6zxbhpsi 400 11 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 400 12 small small JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 400 13 sam- sam- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 400 14 ple ple NN work_n27ihsbkpjfo3ankjp6zxbhpsi 400 15 will will MD work_n27ihsbkpjfo3ankjp6zxbhpsi 400 16 be be VB work_n27ihsbkpjfo3ankjp6zxbhpsi 400 17 substantially substantially RB work_n27ihsbkpjfo3ankjp6zxbhpsi 400 18 smaller small JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 400 19 than than IN work_n27ihsbkpjfo3ankjp6zxbhpsi 400 20 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 400 21 Gini Gini NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 400 22 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 400 23 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 400 24 entire entire JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 400 25 population population NN work_n27ihsbkpjfo3ankjp6zxbhpsi 400 26 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 401 1 Similarly similarly RB work_n27ihsbkpjfo3ankjp6zxbhpsi 401 2 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 401 3 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 401 4 Gini Gini NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 401 5 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 401 6 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 401 7 small small JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 401 8 population population NN work_n27ihsbkpjfo3ankjp6zxbhpsi 401 9 will will MD work_n27ihsbkpjfo3ankjp6zxbhpsi 401 10 be be VB work_n27ihsbkpjfo3ankjp6zxbhpsi 401 11 smaller small JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 401 12 than than IN work_n27ihsbkpjfo3ankjp6zxbhpsi 401 13 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 401 14 Gini Gini NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 401 15 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 401 16 a a DT work_n27ihsbkpjfo3ankjp6zxbhpsi 401 17 larger large JJR work_n27ihsbkpjfo3ankjp6zxbhpsi 401 18 population population NN work_n27ihsbkpjfo3ankjp6zxbhpsi 401 19 generated generate VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 401 20 by by IN work_n27ihsbkpjfo3ankjp6zxbhpsi 401 21 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 401 22 Received Received NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 401 23 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 401 24 publication publication NN work_n27ihsbkpjfo3ankjp6zxbhpsi 401 25 January January NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 401 26 28 28 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 401 27 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 401 28 2000 2000 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 401 29 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 402 1 Revision revision NN work_n27ihsbkpjfo3ankjp6zxbhpsi 402 2 accepted accept VBD work_n27ihsbkpjfo3ankjp6zxbhpsi 402 3 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 402 4 publication publication NN work_n27ihsbkpjfo3ankjp6zxbhpsi 402 5 January January NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 402 6 11 11 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 402 7 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 402 8 2002 2002 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 402 9 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 403 1 * * NFP work_n27ihsbkpjfo3ankjp6zxbhpsi 403 2 University University NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 403 3 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 403 4 Illinois Illinois NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 403 5 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 403 6 Urbana Urbana NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 403 7 - - HYPH work_n27ihsbkpjfo3ankjp6zxbhpsi 403 8 Champaign Champaign NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 403 9 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 404 1 I -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 404 2 would would MD work_n27ihsbkpjfo3ankjp6zxbhpsi 404 3 like like VB work_n27ihsbkpjfo3ankjp6zxbhpsi 404 4 to to TO work_n27ihsbkpjfo3ankjp6zxbhpsi 404 5 thank thank VB work_n27ihsbkpjfo3ankjp6zxbhpsi 404 6 Anil Anil NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 404 7 Bera Bera NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 404 8 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 404 9 Dan Dan NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 404 10 Bernhardt Bernhardt NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 404 11 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 404 12 Hadi Hadi NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 404 13 Esfahani Esfahani NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 404 14 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 404 15 Roger Roger NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 404 16 Koenker Koenker NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 404 17 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 404 18 Richard Richard NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 404 19 Sicotte Sicotte NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 404 20 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 404 21 Eleftherios Eleftherios NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 404 22 Zacharias Zacharias NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 404 23 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 404 24 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 404 25 an an DT work_n27ihsbkpjfo3ankjp6zxbhpsi 404 26 anonymous anonymous JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 404 27 ref- ref- NN work_n27ihsbkpjfo3ankjp6zxbhpsi 404 28 eree eree NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 404 29 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 404 30 useful useful JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 404 31 discussion discussion NN work_n27ihsbkpjfo3ankjp6zxbhpsi 404 32 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 404 33 comments comment NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 404 34 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 405 1 Partial partial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 405 2 financial financial JJ work_n27ihsbkpjfo3ankjp6zxbhpsi 405 3 support support NN work_n27ihsbkpjfo3ankjp6zxbhpsi 405 4 by by IN work_n27ihsbkpjfo3ankjp6zxbhpsi 405 5 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 405 6 Illinois Illinois NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 405 7 CIBER CIBER NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 405 8 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 405 9 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 405 10 National National NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 405 11 Science Science NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 405 12 Foundation Foundation NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 405 13 ( ( -LRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 405 14 ECS-0000577 ECS-0000577 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 405 15 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 405 16 is be VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 405 17 gratefully gratefully RB work_n27ihsbkpjfo3ankjp6zxbhpsi 405 18 acknowledged acknowledge VBN work_n27ihsbkpjfo3ankjp6zxbhpsi 405 19 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 406 1 Responsibility responsibility NN work_n27ihsbkpjfo3ankjp6zxbhpsi 406 2 for for IN work_n27ihsbkpjfo3ankjp6zxbhpsi 406 3 any any DT work_n27ihsbkpjfo3ankjp6zxbhpsi 406 4 errors error NNS work_n27ihsbkpjfo3ankjp6zxbhpsi 406 5 rests rest VBZ work_n27ihsbkpjfo3ankjp6zxbhpsi 406 6 with with IN work_n27ihsbkpjfo3ankjp6zxbhpsi 406 7 me -PRON- PRP work_n27ihsbkpjfo3ankjp6zxbhpsi 406 8 . . . work_n27ihsbkpjfo3ankjp6zxbhpsi 407 1 THE the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 407 2 REVIEW REVIEW NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 407 3 OF of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 407 4 ECONOMICS ECONOMICS NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 407 5 AND and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 407 6 STATISTICS226 STATISTICS226 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 407 7 The the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 407 8 Review Review NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 407 9 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 407 10 Economics Economics NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 407 11 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 407 12 Statistics Statistics NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 407 13 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 407 14 February February NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 407 15 2003 2003 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 407 16 , , , work_n27ihsbkpjfo3ankjp6zxbhpsi 407 17 85(1 85(1 NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 407 18 ) ) -RRB- work_n27ihsbkpjfo3ankjp6zxbhpsi 407 19 : : : work_n27ihsbkpjfo3ankjp6zxbhpsi 407 20 226–234 226–234 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 407 21 © © CD work_n27ihsbkpjfo3ankjp6zxbhpsi 407 22 2003 2003 CD work_n27ihsbkpjfo3ankjp6zxbhpsi 407 23 by by IN work_n27ihsbkpjfo3ankjp6zxbhpsi 407 24 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 407 25 President President NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 407 26 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 407 27 Fellows Fellows NNPS work_n27ihsbkpjfo3ankjp6zxbhpsi 407 28 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 407 29 Harvard Harvard NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 407 30 College College NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 407 31 and and CC work_n27ihsbkpjfo3ankjp6zxbhpsi 407 32 the the DT work_n27ihsbkpjfo3ankjp6zxbhpsi 407 33 Massachusetts Massachusetts NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 407 34 Institute Institute NNP work_n27ihsbkpjfo3ankjp6zxbhpsi 407 35 of of IN work_n27ihsbkpjfo3ankjp6zxbhpsi 407 36 Technology Technology NNP