id	sid	tid	token	lemma	pos
ajfa-6602	1	1	microsoft	microsoft	PROPN
ajfa-6602	1	2	word	word	NOUN
ajfa-6602	1	3	6602	6602	NUM
ajfa-6602	1	4	-	-	SYM
ajfa-6602	1	5	23518	23518	NUM
ajfa-6602	1	6	-	-	PUNCT
ajfa-6602	1	7	1	1	NUM
ajfa-6602	1	8	-	-	PUNCT
ajfa-6602	1	9	sm	sm	NOUN
ajfa-6602	1	10	-	-	PUNCT
ajfa-6602	1	11	writer2	writer2	VERB
ajfa-6602	1	12	-	-	ADJ
ajfa-6602	1	13	new	new	ADJ
ajfa-6602	1	14	-	-	PUNCT
ajfa-6602	1	15	final	final	ADJ
ajfa-6602	1	16	asian	asian	ADJ
ajfa-6602	1	17	journal	journal	NOUN
ajfa-6602	1	18	of	of	ADP
ajfa-6602	1	19	finance	finance	PROPN
ajfa-6602	1	20	&	&	CCONJ
ajfa-6602	1	21	accounting	accounting	PROPN
ajfa-6602	1	22	issn	issn	PROPN
ajfa-6602	1	23	1946	1946	NUM
ajfa-6602	1	24	-	-	PUNCT
ajfa-6602	1	25	052x	052x	NOUN
ajfa-6602	1	26	2015	2015	NUM
ajfa-6602	1	27	,	,	PUNCT
ajfa-6602	1	28	vol	vol	NOUN
ajfa-6602	1	29	.	.	PROPN
ajfa-6602	1	30	7	7	NUM
ajfa-6602	1	31	,	,	PUNCT
ajfa-6602	1	32	no	no	INTJ
ajfa-6602	1	33	.	.	NOUN
ajfa-6602	1	34	1	1	NUM
ajfa-6602	1	35	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-6602	1	36	64	64	NUM
ajfa-6602	1	37	risk	risk	NOUN
ajfa-6602	1	38	conception	conception	NOUN
ajfa-6602	1	39	and	and	CCONJ
ajfa-6602	1	40	evaluation	evaluation	NOUN
ajfa-6602	1	41	in	in	ADP
ajfa-6602	1	42	taiwan	taiwan	PROPN
ajfa-6602	1	43	financial	financial	ADJ
ajfa-6602	1	44	markets	market	NOUN
ajfa-6602	1	45	yin	yin	NOUN
ajfa-6602	1	46	-	-	PUNCT
ajfa-6602	1	47	ching	ching	PROPN
ajfa-6602	1	48	jan	jan	PROPN
ajfa-6602	1	49	department	department	PROPN
ajfa-6602	1	50	of	of	ADP
ajfa-6602	1	51	distribution	distribution	NOUN
ajfa-6602	1	52	management	management	NOUN
ajfa-6602	1	53	national	national	ADJ
ajfa-6602	1	54	chin	chin	PROPN
ajfa-6602	1	55	-	-	PUNCT
ajfa-6602	1	56	yi	yi	PROPN
ajfa-6602	1	57	university	university	PROPN
ajfa-6602	1	58	of	of	ADP
ajfa-6602	1	59	technology	technology	PROPN
ajfa-6602	1	60	57	57	NUM
ajfa-6602	1	61	,	,	PUNCT
ajfa-6602	1	62	sec	sec	PROPN
ajfa-6602	1	63	.	.	PROPN
ajfa-6602	1	64	2	2	NUM
ajfa-6602	1	65	,	,	PUNCT
ajfa-6602	1	66	chung	chung	PROPN
ajfa-6602	1	67	-	-	PUNCT
ajfa-6602	1	68	shan	shan	PROPN
ajfa-6602	1	69	rd	rd	PROPN
ajfa-6602	1	70	.	.	PROPN
ajfa-6602	1	71	,	,	PUNCT
ajfa-6602	1	72	taiping	taiping	NOUN
ajfa-6602	1	73	dist	dist	PROPN
ajfa-6602	1	74	.	.	PUNCT
ajfa-6602	2	1	,	,	PUNCT
ajfa-6602	2	2	taichung	taichung	PROPN
ajfa-6602	2	3	city	city	PROPN
ajfa-6602	2	4	,	,	PUNCT
ajfa-6602	2	5	taiwan	taiwan	PROPN
ajfa-6602	2	6	,	,	PUNCT
ajfa-6602	2	7	r.o.c	r.o.c	NOUN
ajfa-6602	2	8	.	.	PUNCT
ajfa-6602	3	1	tel	tel	NOUN
ajfa-6602	3	2	:	:	PUNCT
ajfa-6602	3	3	886	886	NUM
ajfa-6602	3	4	-	-	SYM
ajfa-6602	3	5	4	4	NUM
ajfa-6602	3	6	-	-	SYM
ajfa-6602	3	7	23924505	23924505	NUM
ajfa-6602	3	8	e-mail:jan511@mail.ncut.edu.tw	e-mail:jan511@mail.ncut.edu.tw	NOUN
ajfa-6602	3	9	received	receive	VERB
ajfa-6602	3	10	:	:	PUNCT
ajfa-6602	3	11	nov	nov	PROPN
ajfa-6602	3	12	.	.	PROPN
ajfa-6602	3	13	12	12	NUM
ajfa-6602	3	14	,	,	PUNCT
ajfa-6602	3	15	2014	2014	NUM
ajfa-6602	3	16	accepted	accept	VERB
ajfa-6602	3	17	:	:	PUNCT
ajfa-6602	3	18	dec	dec	PROPN
ajfa-6602	3	19	.	.	PROPN
ajfa-6602	3	20	22	22	NUM
ajfa-6602	3	21	,	,	PUNCT
ajfa-6602	3	22	2014	2014	NUM
ajfa-6602	3	23	published	publish	VERB
ajfa-6602	3	24	:	:	PUNCT
ajfa-6602	3	25	june	june	PROPN
ajfa-6602	3	26	1	1	NUM
ajfa-6602	3	27	,	,	PUNCT
ajfa-6602	3	28	2015	2015	NUM
ajfa-6602	3	29	doi:10.5296	doi:10.5296	NOUN
ajfa-6602	3	30	/	/	SYM
ajfa-6602	3	31	ajfa.v7i1.6602	ajfa.v7i1.6602	PUNCT
ajfa-6602	3	32	url	url	NOUN
ajfa-6602	3	33	:	:	PUNCT
ajfa-6602	3	34	http://dx.doi.org/10.5296/ajfa.v7i1.6602	http://dx.doi.org/10.5296/ajfa.v7i1.6602	X
ajfa-6602	3	35	abstract	abstract	VERB
ajfa-6602	3	36	an	an	DET
ajfa-6602	3	37	experiment	experiment	NOUN
ajfa-6602	3	38	is	be	AUX
ajfa-6602	3	39	designed	design	VERB
ajfa-6602	3	40	to	to	PART
ajfa-6602	3	41	explore	explore	VERB
ajfa-6602	3	42	risk	risk	NOUN
ajfa-6602	3	43	conception	conception	NOUN
ajfa-6602	3	44	and	and	CCONJ
ajfa-6602	3	45	evaluation	evaluation	NOUN
ajfa-6602	3	46	of	of	ADP
ajfa-6602	3	47	investors	investor	NOUN
ajfa-6602	3	48	.	.	PUNCT
ajfa-6602	4	1	a	a	DET
ajfa-6602	4	2	new	new	ADJ
ajfa-6602	4	3	risk	risk	NOUN
ajfa-6602	4	4	measurement	measurement	NOUN
ajfa-6602	4	5	,	,	PUNCT
ajfa-6602	4	6	which	which	PRON
ajfa-6602	4	7	is	be	AUX
ajfa-6602	4	8	called	call	VERB
ajfa-6602	4	9	martingale	martingale	ADJ
ajfa-6602	4	10	variance	variance	NOUN
ajfa-6602	4	11	,	,	PUNCT
ajfa-6602	4	12	is	be	AUX
ajfa-6602	4	13	included	include	VERB
ajfa-6602	4	14	.	.	PUNCT
ajfa-6602	5	1	the	the	DET
ajfa-6602	5	2	new	new	ADJ
ajfa-6602	5	3	measure	measure	NOUN
ajfa-6602	5	4	uses	use	VERB
ajfa-6602	5	5	previous	previous	ADJ
ajfa-6602	5	6	return	return	NOUN
ajfa-6602	5	7	as	as	ADP
ajfa-6602	5	8	benchmark	benchmark	NOUN
ajfa-6602	5	9	instead	instead	ADV
ajfa-6602	5	10	of	of	ADP
ajfa-6602	5	11	mean	mean	VERB
ajfa-6602	5	12	return	return	NOUN
ajfa-6602	5	13	to	to	ADP
ajfa-6602	5	14	calculate	calculate	NOUN
ajfa-6602	5	15	variance	variance	NOUN
ajfa-6602	5	16	.	.	PUNCT
ajfa-6602	6	1	the	the	DET
ajfa-6602	6	2	results	result	NOUN
ajfa-6602	6	3	show	show	VERB
ajfa-6602	6	4	that	that	SCONJ
ajfa-6602	6	5	respondents	respondent	NOUN
ajfa-6602	6	6	are	be	AUX
ajfa-6602	6	7	more	more	ADJ
ajfa-6602	6	8	care	care	NOUN
ajfa-6602	6	9	about	about	ADP
ajfa-6602	6	10	expected	expect	VERB
ajfa-6602	6	11	loss	loss	NOUN
ajfa-6602	6	12	than	than	ADP
ajfa-6602	6	13	variance	variance	NOUN
ajfa-6602	6	14	,	,	PUNCT
ajfa-6602	6	15	but	but	CCONJ
ajfa-6602	6	16	are	be	AUX
ajfa-6602	6	17	indifferent	indifferent	ADJ
ajfa-6602	6	18	between	between	ADP
ajfa-6602	6	19	variance	variance	NOUN
ajfa-6602	6	20	and	and	CCONJ
ajfa-6602	6	21	loss	loss	NOUN
ajfa-6602	6	22	probability	probability	NOUN
ajfa-6602	6	23	.	.	PUNCT
ajfa-6602	7	1	meanwhile	meanwhile	ADV
ajfa-6602	7	2	,	,	PUNCT
ajfa-6602	7	3	the	the	DET
ajfa-6602	7	4	respondents	respondent	NOUN
ajfa-6602	7	5	prefer	prefer	VERB
ajfa-6602	7	6	martingale	martingale	ADJ
ajfa-6602	7	7	semivariance	semivariance	NOUN
ajfa-6602	7	8	to	to	PART
ajfa-6602	7	9	martingale	martingale	VERB
ajfa-6602	7	10	variance	variance	NOUN
ajfa-6602	7	11	significantly	significantly	ADV
ajfa-6602	7	12	.	.	PUNCT
ajfa-6602	8	1	the	the	DET
ajfa-6602	8	2	weighted	weight	VERB
ajfa-6602	8	3	martingale	martingale	PROPN
ajfa-6602	8	4	semivariance	semivariance	NOUN
ajfa-6602	8	5	also	also	ADV
ajfa-6602	8	6	dominates	dominate	VERB
ajfa-6602	8	7	martingale	martingale	ADJ
ajfa-6602	8	8	semivariance	semivariance	NOUN
ajfa-6602	8	9	.	.	PUNCT
ajfa-6602	9	1	the	the	DET
ajfa-6602	9	2	results	result	NOUN
ajfa-6602	9	3	can	can	AUX
ajfa-6602	9	4	be	be	AUX
ajfa-6602	9	5	helpful	helpful	ADJ
ajfa-6602	9	6	to	to	PART
ajfa-6602	9	7	explain	explain	VERB
ajfa-6602	9	8	the	the	DET
ajfa-6602	9	9	relationship	relationship	NOUN
ajfa-6602	9	10	between	between	ADP
ajfa-6602	9	11	risk	risk	NOUN
ajfa-6602	9	12	and	and	CCONJ
ajfa-6602	9	13	return	return	NOUN
ajfa-6602	9	14	.	.	PUNCT
ajfa-6602	10	1	keywords	keyword	NOUN
ajfa-6602	10	2	:	:	PUNCT
ajfa-6602	10	3	downside	downside	ADJ
ajfa-6602	10	4	risk	risk	NOUN
ajfa-6602	10	5	,	,	PUNCT
ajfa-6602	10	6	martingale	martingale	PROPN
ajfa-6602	10	7	variance	variance	NOUN
ajfa-6602	10	8	,	,	PUNCT
ajfa-6602	10	9	martingale	martingale	ADJ
ajfa-6602	10	10	semivariance	semivariance	NOUN
ajfa-6602	10	11	asian	asian	ADJ
ajfa-6602	10	12	journal	journal	PROPN
ajfa-6602	10	13	of	of	ADP
ajfa-6602	10	14	finance	finance	PROPN
ajfa-6602	10	15	&	&	CCONJ
ajfa-6602	10	16	accounting	accounting	PROPN
ajfa-6602	10	17	issn	issn	PROPN
ajfa-6602	10	18	1946	1946	NUM
ajfa-6602	10	19	-	-	PUNCT
ajfa-6602	10	20	052x	052x	NOUN
ajfa-6602	10	21	2015	2015	NUM
ajfa-6602	10	22	,	,	PUNCT
ajfa-6602	10	23	vol	vol	NOUN
ajfa-6602	10	24	.	.	PROPN
ajfa-6602	10	25	7	7	NUM
ajfa-6602	10	26	,	,	PUNCT
ajfa-6602	10	27	no	no	INTJ
ajfa-6602	10	28	.	.	NOUN
ajfa-6602	10	29	1	1	NUM
ajfa-6602	10	30	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-6602	10	31	65	65	NUM
ajfa-6602	10	32	1	1	NUM
ajfa-6602	10	33	.	.	PUNCT
ajfa-6602	11	1	introduction	introduction	NOUN
ajfa-6602	11	2	the	the	DET
ajfa-6602	11	3	foundation	foundation	NOUN
ajfa-6602	11	4	of	of	ADP
ajfa-6602	11	5	an	an	DET
ajfa-6602	11	6	asset	asset	NOUN
ajfa-6602	11	7	pricing	pricing	NOUN
ajfa-6602	11	8	model	model	NOUN
ajfa-6602	11	9	is	be	AUX
ajfa-6602	11	10	assumption	assumption	NOUN
ajfa-6602	11	11	of	of	ADP
ajfa-6602	11	12	risk	risk	NOUN
ajfa-6602	11	13	evaluation	evaluation	NOUN
ajfa-6602	11	14	.	.	PUNCT
ajfa-6602	12	1	when	when	SCONJ
ajfa-6602	12	2	the	the	DET
ajfa-6602	12	3	assumption	assumption	NOUN
ajfa-6602	12	4	does	do	AUX
ajfa-6602	12	5	n’t	not	PART
ajfa-6602	12	6	conform	conform	VERB
ajfa-6602	12	7	to	to	ADP
ajfa-6602	12	8	the	the	DET
ajfa-6602	12	9	risk	risk	NOUN
ajfa-6602	12	10	conception	conception	NOUN
ajfa-6602	12	11	and	and	CCONJ
ajfa-6602	12	12	evaluation	evaluation	NOUN
ajfa-6602	12	13	of	of	ADP
ajfa-6602	12	14	investors	investor	NOUN
ajfa-6602	12	15	,	,	PUNCT
ajfa-6602	12	16	the	the	DET
ajfa-6602	12	17	asset	asset	NOUN
ajfa-6602	12	18	pricing	pricing	NOUN
ajfa-6602	12	19	model	model	NOUN
ajfa-6602	12	20	would	would	AUX
ajfa-6602	12	21	n’t	not	PART
ajfa-6602	12	22	explain	explain	VERB
ajfa-6602	12	23	the	the	DET
ajfa-6602	12	24	relationship	relationship	NOUN
ajfa-6602	12	25	between	between	ADP
ajfa-6602	12	26	expected	expect	VERB
ajfa-6602	12	27	return	return	NOUN
ajfa-6602	12	28	and	and	CCONJ
ajfa-6602	12	29	risk	risk	NOUN
ajfa-6602	12	30	.	.	PUNCT
ajfa-6602	13	1	the	the	DET
ajfa-6602	13	2	accuracy	accuracy	NOUN
ajfa-6602	13	3	of	of	ADP
ajfa-6602	13	4	capital	capital	NOUN
ajfa-6602	13	5	asset	asset	NOUN
ajfa-6602	13	6	pricing	pricing	NOUN
ajfa-6602	13	7	model	model	NOUN
ajfa-6602	13	8	(	(	PUNCT
ajfa-6602	13	9	capm	capm	PROPN
ajfa-6602	13	10	)	)	PUNCT
ajfa-6602	13	11	would	would	AUX
ajfa-6602	13	12	reside	reside	VERB
ajfa-6602	13	13	in	in	ADP
ajfa-6602	13	14	whether	whether	SCONJ
ajfa-6602	13	15	investors	investor	NOUN
ajfa-6602	13	16	apply	apply	VERB
ajfa-6602	13	17	beta	beta	NOUN
ajfa-6602	13	18	to	to	PART
ajfa-6602	13	19	evaluate	evaluate	VERB
ajfa-6602	13	20	investing	investing	NOUN
ajfa-6602	13	21	risk	risk	NOUN
ajfa-6602	13	22	.	.	PUNCT
ajfa-6602	14	1	the	the	DET
ajfa-6602	14	2	debate	debate	NOUN
ajfa-6602	14	3	of	of	ADP
ajfa-6602	14	4	capm	capm	PROPN
ajfa-6602	14	5	in	in	ADP
ajfa-6602	14	6	explaining	explain	VERB
ajfa-6602	14	7	risk	risk	NOUN
ajfa-6602	14	8	/	/	SYM
ajfa-6602	14	9	return	return	NOUN
ajfa-6602	14	10	focuses	focus	VERB
ajfa-6602	14	11	on	on	ADP
ajfa-6602	14	12	the	the	DET
ajfa-6602	14	13	debate	debate	NOUN
ajfa-6602	14	14	of	of	ADP
ajfa-6602	14	15	the	the	DET
ajfa-6602	14	16	application	application	NOUN
ajfa-6602	14	17	of	of	ADP
ajfa-6602	14	18	beta	beta	NOUN
ajfa-6602	14	19	.	.	PUNCT
ajfa-6602	15	1	therefore	therefore	ADV
ajfa-6602	15	2	,	,	PUNCT
ajfa-6602	15	3	to	to	PART
ajfa-6602	15	4	expect	expect	VERB
ajfa-6602	15	5	an	an	DET
ajfa-6602	15	6	asset	asset	NOUN
ajfa-6602	15	7	’s	’s	PART
ajfa-6602	15	8	return	return	NOUN
ajfa-6602	15	9	,	,	PUNCT
ajfa-6602	15	10	we	we	PRON
ajfa-6602	15	11	need	need	VERB
ajfa-6602	15	12	to	to	PART
ajfa-6602	15	13	explore	explore	VERB
ajfa-6602	15	14	how	how	SCONJ
ajfa-6602	15	15	investors	investor	NOUN
ajfa-6602	15	16	evaluate	evaluate	VERB
ajfa-6602	15	17	risk	risk	NOUN
ajfa-6602	15	18	in	in	ADP
ajfa-6602	15	19	investing	invest	VERB
ajfa-6602	15	20	assets	asset	NOUN
ajfa-6602	15	21	.	.	PUNCT
ajfa-6602	16	1	in	in	ADP
ajfa-6602	16	2	this	this	DET
ajfa-6602	16	3	paper	paper	NOUN
ajfa-6602	16	4	,	,	PUNCT
ajfa-6602	16	5	an	an	DET
ajfa-6602	16	6	experiment	experiment	NOUN
ajfa-6602	16	7	is	be	AUX
ajfa-6602	16	8	designed	design	VERB
ajfa-6602	16	9	to	to	PART
ajfa-6602	16	10	examine	examine	VERB
ajfa-6602	16	11	risk	risk	NOUN
ajfa-6602	16	12	conception	conception	NOUN
ajfa-6602	16	13	and	and	CCONJ
ajfa-6602	16	14	evaluation	evaluation	NOUN
ajfa-6602	16	15	of	of	ADP
ajfa-6602	16	16	investors	investor	NOUN
ajfa-6602	16	17	in	in	ADP
ajfa-6602	16	18	taiwan	taiwan	PROPN
ajfa-6602	16	19	financial	financial	ADJ
ajfa-6602	16	20	markets	market	NOUN
ajfa-6602	16	21	.	.	PUNCT
ajfa-6602	17	1	experimentation	experimentation	NOUN
ajfa-6602	17	2	is	be	AUX
ajfa-6602	17	3	an	an	DET
ajfa-6602	17	4	important	important	ADJ
ajfa-6602	17	5	means	mean	NOUN
ajfa-6602	17	6	in	in	ADP
ajfa-6602	17	7	studying	study	VERB
ajfa-6602	17	8	the	the	DET
ajfa-6602	17	9	risk	risk	NOUN
ajfa-6602	17	10	perception	perception	NOUN
ajfa-6602	17	11	,	,	PUNCT
ajfa-6602	17	12	risk	risk	NOUN
ajfa-6602	17	13	attitude	attitude	NOUN
ajfa-6602	17	14	,	,	PUNCT
ajfa-6602	17	15	and	and	CCONJ
ajfa-6602	17	16	risk	risk	NOUN
ajfa-6602	17	17	/	/	SYM
ajfa-6602	17	18	return	return	NOUN
ajfa-6602	17	19	relationship	relationship	NOUN
ajfa-6602	17	20	.	.	PUNCT
ajfa-6602	18	1	for	for	ADP
ajfa-6602	18	2	example	example	NOUN
ajfa-6602	18	3	,	,	PUNCT
ajfa-6602	18	4	gneezy	gneezy	NOUN
ajfa-6602	18	5	and	and	CCONJ
ajfa-6602	18	6	potters	potter	NOUN
ajfa-6602	18	7	(	(	PUNCT
ajfa-6602	18	8	1997	1997	NUM
ajfa-6602	18	9	)	)	PUNCT
ajfa-6602	18	10	showed	show	VERB
ajfa-6602	18	11	that	that	SCONJ
ajfa-6602	18	12	the	the	DET
ajfa-6602	18	13	more	more	ADV
ajfa-6602	18	14	frequently	frequently	ADV
ajfa-6602	18	15	returns	return	VERB
ajfa-6602	18	16	on	on	ADP
ajfa-6602	18	17	investment	investment	NOUN
ajfa-6602	18	18	are	be	AUX
ajfa-6602	18	19	evaluated	evaluate	VERB
ajfa-6602	18	20	,	,	PUNCT
ajfa-6602	18	21	the	the	DET
ajfa-6602	18	22	more	more	ADJ
ajfa-6602	18	23	risk	risk	NOUN
ajfa-6602	18	24	averse	averse	ADJ
ajfa-6602	18	25	investors	investor	NOUN
ajfa-6602	18	26	will	will	AUX
ajfa-6602	18	27	be	be	AUX
ajfa-6602	18	28	.	.	PUNCT
ajfa-6602	19	1	levy	levy	NOUN
ajfa-6602	19	2	(	(	PUNCT
ajfa-6602	19	3	1997	1997	NUM
ajfa-6602	19	4	)	)	PUNCT
ajfa-6602	19	5	designed	design	VERB
ajfa-6602	19	6	experiments	experiment	NOUN
ajfa-6602	19	7	to	to	PART
ajfa-6602	19	8	test	test	VERB
ajfa-6602	19	9	capm	capm	PROPN
ajfa-6602	19	10	,	,	PUNCT
ajfa-6602	19	11	and	and	CCONJ
ajfa-6602	19	12	showed	show	VERB
ajfa-6602	19	13	partial	partial	ADJ
ajfa-6602	19	14	support	support	NOUN
ajfa-6602	19	15	of	of	ADP
ajfa-6602	19	16	the	the	DET
ajfa-6602	19	17	capm	capm	PROPN
ajfa-6602	19	18	.	.	PUNCT
ajfa-6602	20	1	olsen	olsen	PROPN
ajfa-6602	20	2	(	(	PUNCT
ajfa-6602	20	3	1997a	1997a	NUM
ajfa-6602	20	4	,	,	PUNCT
ajfa-6602	20	5	1997b	1997b	NUM
ajfa-6602	20	6	)	)	PUNCT
ajfa-6602	20	7	found	find	VERB
ajfa-6602	20	8	that	that	SCONJ
ajfa-6602	20	9	the	the	DET
ajfa-6602	20	10	risks	risk	NOUN
ajfa-6602	20	11	perceived	perceive	VERB
ajfa-6602	20	12	by	by	ADP
ajfa-6602	20	13	professional	professional	ADJ
ajfa-6602	20	14	portfolio	portfolio	NOUN
ajfa-6602	20	15	managers	manager	NOUN
ajfa-6602	20	16	were	be	AUX
ajfa-6602	20	17	multidimensional	multidimensional	ADJ
ajfa-6602	20	18	,	,	PUNCT
ajfa-6602	20	19	and	and	CCONJ
ajfa-6602	20	20	the	the	DET
ajfa-6602	20	21	most	most	ADV
ajfa-6602	20	22	important	important	ADJ
ajfa-6602	20	23	factor	factor	NOUN
ajfa-6602	20	24	is	be	AUX
ajfa-6602	20	25	return	return	VERB
ajfa-6602	20	26	below	below	ADP
ajfa-6602	20	27	target	target	NOUN
ajfa-6602	20	28	.	.	PUNCT
ajfa-6602	21	1	wood	wood	NOUN
ajfa-6602	21	2	and	and	CCONJ
ajfa-6602	21	3	zaichkowsky	zaichkowsky	PROPN
ajfa-6602	21	4	(	(	PUNCT
ajfa-6602	21	5	2004	2004	NUM
ajfa-6602	21	6	)	)	PUNCT
ajfa-6602	21	7	applied	apply	VERB
ajfa-6602	21	8	segmentation	segmentation	NOUN
ajfa-6602	21	9	approach	approach	NOUN
ajfa-6602	21	10	to	to	PART
ajfa-6602	21	11	identify	identify	VERB
ajfa-6602	21	12	segments	segment	NOUN
ajfa-6602	21	13	of	of	ADP
ajfa-6602	21	14	individual	individual	ADJ
ajfa-6602	21	15	investors	investor	NOUN
ajfa-6602	21	16	based	base	VERB
ajfa-6602	21	17	on	on	ADP
ajfa-6602	21	18	investing	invest	VERB
ajfa-6602	21	19	attitudes	attitude	NOUN
ajfa-6602	21	20	and	and	CCONJ
ajfa-6602	21	21	behaviors	behavior	NOUN
ajfa-6602	21	22	.	.	PUNCT
ajfa-6602	22	1	siebenmorgen	siebenmorgen	NOUN
ajfa-6602	22	2	and	and	CCONJ
ajfa-6602	22	3	weber	weber	PROPN
ajfa-6602	22	4	(	(	PUNCT
ajfa-6602	22	5	2004	2004	NUM
ajfa-6602	22	6	)	)	PUNCT
ajfa-6602	22	7	examined	examine	VERB
ajfa-6602	22	8	the	the	DET
ajfa-6602	22	9	effect	effect	NOUN
ajfa-6602	22	10	of	of	ADP
ajfa-6602	22	11	different	different	ADJ
ajfa-6602	22	12	investment	investment	NOUN
ajfa-6602	22	13	horizons	horizon	NOUN
ajfa-6602	22	14	on	on	ADP
ajfa-6602	22	15	investors	investor	NOUN
ajfa-6602	22	16	risk	risk	NOUN
ajfa-6602	22	17	behavior	behavior	NOUN
ajfa-6602	22	18	.	.	PUNCT
ajfa-6602	23	1	veld	veld	PROPN
ajfa-6602	23	2	and	and	CCONJ
ajfa-6602	23	3	veld	veld	PROPN
ajfa-6602	23	4	-	-	PUNCT
ajfa-6602	23	5	merkoulova	merkoulova	PROPN
ajfa-6602	23	6	(	(	PUNCT
ajfa-6602	23	7	2008	2008	NUM
ajfa-6602	23	8	)	)	PUNCT
ajfa-6602	23	9	found	find	VERB
ajfa-6602	23	10	that	that	SCONJ
ajfa-6602	23	11	most	most	ADJ
ajfa-6602	23	12	investors	investor	NOUN
ajfa-6602	23	13	implicitly	implicitly	ADV
ajfa-6602	23	14	use	use	VERB
ajfa-6602	23	15	more	more	ADJ
ajfa-6602	23	16	than	than	ADP
ajfa-6602	23	17	one	one	NUM
ajfa-6602	23	18	risk	risk	NOUN
ajfa-6602	23	19	measure	measure	NOUN
ajfa-6602	23	20	.	.	PUNCT
ajfa-6602	24	1	for	for	ADP
ajfa-6602	24	2	those	those	DET
ajfa-6602	24	3	investors	investor	NOUN
ajfa-6602	24	4	who	who	PRON
ajfa-6602	24	5	systematically	systematically	ADV
ajfa-6602	24	6	perceive	perceive	VERB
ajfa-6602	24	7	risk	risk	NOUN
ajfa-6602	24	8	according	accord	VERB
ajfa-6602	24	9	to	to	ADP
ajfa-6602	24	10	the	the	DET
ajfa-6602	24	11	same	same	ADJ
ajfa-6602	24	12	risk	risk	NOUN
ajfa-6602	24	13	measure	measure	NOUN
ajfa-6602	24	14	,	,	PUNCT
ajfa-6602	24	15	semivariance	semivariance	NOUN
ajfa-6602	24	16	of	of	ADP
ajfa-6602	24	17	returns	return	NOUN
ajfa-6602	24	18	is	be	AUX
ajfa-6602	24	19	most	most	ADV
ajfa-6602	24	20	popular	popular	ADJ
ajfa-6602	24	21	.	.	PUNCT
ajfa-6602	25	1	in	in	ADP
ajfa-6602	25	2	effect	effect	NOUN
ajfa-6602	25	3	,	,	PUNCT
ajfa-6602	25	4	the	the	DET
ajfa-6602	25	5	breakthrough	breakthrough	NOUN
ajfa-6602	25	6	results	result	NOUN
ajfa-6602	25	7	of	of	ADP
ajfa-6602	25	8	behavior	behavior	NOUN
ajfa-6602	25	9	economy	economy	NOUN
ajfa-6602	25	10	come	come	VERB
ajfa-6602	25	11	from	from	ADP
ajfa-6602	25	12	the	the	DET
ajfa-6602	25	13	experiment	experiment	NOUN
ajfa-6602	25	14	study	study	NOUN
ajfa-6602	25	15	of	of	ADP
ajfa-6602	25	16	kahneman	kahneman	NOUN
ajfa-6602	25	17	and	and	CCONJ
ajfa-6602	25	18	tverskey	tverskey	NOUN
ajfa-6602	25	19	(	(	PUNCT
ajfa-6602	25	20	1979	1979	NUM
ajfa-6602	25	21	)	)	PUNCT
ajfa-6602	25	22	and	and	CCONJ
ajfa-6602	25	23	tverskey	tverskey	NOUN
ajfa-6602	25	24	and	and	CCONJ
ajfa-6602	25	25	kahneman	kahneman	NOUN
ajfa-6602	25	26	(	(	PUNCT
ajfa-6602	25	27	1981	1981	NUM
ajfa-6602	25	28	)	)	PUNCT
ajfa-6602	25	29	.	.	PUNCT
ajfa-6602	26	1	the	the	DET
ajfa-6602	26	2	results	result	NOUN
ajfa-6602	26	3	show	show	VERB
ajfa-6602	26	4	that	that	SCONJ
ajfa-6602	26	5	respondents	respondent	NOUN
ajfa-6602	26	6	are	be	AUX
ajfa-6602	26	7	more	more	ADJ
ajfa-6602	26	8	care	care	NOUN
ajfa-6602	26	9	about	about	ADP
ajfa-6602	26	10	expected	expect	VERB
ajfa-6602	26	11	loss	loss	NOUN
ajfa-6602	26	12	than	than	ADP
ajfa-6602	26	13	variance	variance	NOUN
ajfa-6602	26	14	,	,	PUNCT
ajfa-6602	26	15	but	but	CCONJ
ajfa-6602	26	16	are	be	AUX
ajfa-6602	26	17	indifferent	indifferent	ADJ
ajfa-6602	26	18	between	between	ADP
ajfa-6602	26	19	variance	variance	NOUN
ajfa-6602	26	20	and	and	CCONJ
ajfa-6602	26	21	loss	loss	NOUN
ajfa-6602	26	22	probability	probability	NOUN
ajfa-6602	26	23	.	.	PUNCT
ajfa-6602	27	1	when	when	SCONJ
ajfa-6602	27	2	autocorrelation	autocorrelation	NOUN
ajfa-6602	27	3	of	of	ADP
ajfa-6602	27	4	time	time	NOUN
ajfa-6602	27	5	series	series	PROPN
ajfa-6602	27	6	return	return	NOUN
ajfa-6602	27	7	is	be	AUX
ajfa-6602	27	8	taken	take	VERB
ajfa-6602	27	9	into	into	ADP
ajfa-6602	27	10	account	account	NOUN
ajfa-6602	27	11	,	,	PUNCT
ajfa-6602	27	12	the	the	DET
ajfa-6602	27	13	respondents	respondent	NOUN
ajfa-6602	27	14	prefer	prefer	VERB
ajfa-6602	27	15	martingale	martingale	ADJ
ajfa-6602	27	16	semivariance	semivariance	NOUN
ajfa-6602	27	17	to	to	PART
ajfa-6602	27	18	martingale	martingale	VERB
ajfa-6602	27	19	variance	variance	NOUN
ajfa-6602	27	20	significantly	significantly	ADV
ajfa-6602	27	21	.	.	PUNCT
ajfa-6602	28	1	meanwhile	meanwhile	ADV
ajfa-6602	28	2	,	,	PUNCT
ajfa-6602	28	3	weighted	weight	VERB
ajfa-6602	28	4	martingale	martingale	PROPN
ajfa-6602	28	5	semivariance	semivariance	NOUN
ajfa-6602	28	6	also	also	ADV
ajfa-6602	28	7	dominates	dominate	VERB
ajfa-6602	28	8	martingale	martingale	ADJ
ajfa-6602	28	9	semivariance	semivariance	NOUN
ajfa-6602	28	10	.	.	PUNCT
ajfa-6602	29	1	the	the	DET
ajfa-6602	29	2	results	result	NOUN
ajfa-6602	29	3	are	be	AUX
ajfa-6602	29	4	contrary	contrary	ADJ
ajfa-6602	29	5	to	to	ADP
ajfa-6602	29	6	the	the	DET
ajfa-6602	29	7	assumption	assumption	NOUN
ajfa-6602	29	8	of	of	ADP
ajfa-6602	29	9	risk	risk	NOUN
ajfa-6602	29	10	evaluation	evaluation	NOUN
ajfa-6602	29	11	of	of	ADP
ajfa-6602	29	12	existing	exist	VERB
ajfa-6602	29	13	asset	asset	NOUN
ajfa-6602	29	14	pricing	pricing	NOUN
ajfa-6602	29	15	model	model	NOUN
ajfa-6602	29	16	,	,	PUNCT
ajfa-6602	29	17	leading	lead	VERB
ajfa-6602	29	18	the	the	DET
ajfa-6602	29	19	failure	failure	NOUN
ajfa-6602	29	20	of	of	ADP
ajfa-6602	29	21	explanation	explanation	NOUN
ajfa-6602	29	22	of	of	ADP
ajfa-6602	29	23	risk	risk	NOUN
ajfa-6602	29	24	/	/	SYM
ajfa-6602	29	25	return	return	NOUN
ajfa-6602	29	26	relationship	relationship	NOUN
ajfa-6602	29	27	.	.	PUNCT
ajfa-6602	30	1	the	the	DET
ajfa-6602	30	2	remainder	remainder	NOUN
ajfa-6602	30	3	of	of	ADP
ajfa-6602	30	4	the	the	DET
ajfa-6602	30	5	article	article	NOUN
ajfa-6602	30	6	is	be	AUX
ajfa-6602	30	7	organized	organize	VERB
ajfa-6602	30	8	as	as	SCONJ
ajfa-6602	30	9	follows	follow	VERB
ajfa-6602	30	10	.	.	PUNCT
ajfa-6602	31	1	next	next	ADJ
ajfa-6602	31	2	section	section	NOUN
ajfa-6602	31	3	presents	present	VERB
ajfa-6602	31	4	the	the	DET
ajfa-6602	31	5	experiment	experiment	NOUN
ajfa-6602	31	6	and	and	CCONJ
ajfa-6602	31	7	methodology	methodology	NOUN
ajfa-6602	31	8	.	.	PUNCT
ajfa-6602	32	1	section	section	NOUN
ajfa-6602	32	2	3	3	NUM
ajfa-6602	32	3	shows	show	VERB
ajfa-6602	32	4	the	the	DET
ajfa-6602	32	5	experimental	experimental	ADJ
ajfa-6602	32	6	results	result	NOUN
ajfa-6602	32	7	.	.	PUNCT
ajfa-6602	33	1	finally	finally	ADV
ajfa-6602	33	2	,	,	PUNCT
ajfa-6602	33	3	section	section	NOUN
ajfa-6602	33	4	4	4	NUM
ajfa-6602	33	5	has	have	AUX
ajfa-6602	33	6	concluding	conclude	VERB
ajfa-6602	33	7	remarks	remark	NOUN
ajfa-6602	33	8	.	.	PUNCT
ajfa-6602	34	1	2	2	X
ajfa-6602	34	2	.	.	X
ajfa-6602	34	3	methodology	methodology	NOUN
ajfa-6602	34	4	a	a	DET
ajfa-6602	34	5	questionnaire	questionnaire	NOUN
ajfa-6602	34	6	is	be	AUX
ajfa-6602	34	7	designed	design	VERB
ajfa-6602	34	8	to	to	PART
ajfa-6602	34	9	explore	explore	VERB
ajfa-6602	34	10	the	the	DET
ajfa-6602	34	11	risk	risk	NOUN
ajfa-6602	34	12	conception	conception	NOUN
ajfa-6602	34	13	and	and	CCONJ
ajfa-6602	34	14	evaluation	evaluation	NOUN
ajfa-6602	34	15	of	of	ADP
ajfa-6602	34	16	investors	investor	NOUN
ajfa-6602	34	17	.	.	PUNCT
ajfa-6602	35	1	there	there	PRON
ajfa-6602	35	2	are	be	VERB
ajfa-6602	35	3	three	three	NUM
ajfa-6602	35	4	parts	part	NOUN
ajfa-6602	35	5	in	in	ADP
ajfa-6602	35	6	the	the	DET
ajfa-6602	35	7	questionnaire	questionnaire	NOUN
ajfa-6602	35	8	.	.	PUNCT
ajfa-6602	36	1	the	the	DET
ajfa-6602	36	2	first	first	ADJ
ajfa-6602	36	3	part	part	NOUN
ajfa-6602	36	4	explores	explore	VERB
ajfa-6602	36	5	what	what	DET
ajfa-6602	36	6	kind	kind	NOUN
ajfa-6602	36	7	of	of	ADP
ajfa-6602	36	8	risk	risk	NOUN
ajfa-6602	36	9	investors	investor	NOUN
ajfa-6602	36	10	care	care	VERB
ajfa-6602	36	11	about	about	ADP
ajfa-6602	36	12	.	.	PUNCT
ajfa-6602	37	1	the	the	DET
ajfa-6602	37	2	second	second	ADJ
ajfa-6602	37	3	investigates	investigate	VERB
ajfa-6602	37	4	whether	whether	SCONJ
ajfa-6602	37	5	the	the	DET
ajfa-6602	37	6	investors	investor	NOUN
ajfa-6602	37	7	will	will	AUX
ajfa-6602	37	8	concern	concern	VERB
ajfa-6602	37	9	risk	risk	NOUN
ajfa-6602	37	10	involved	involve	VERB
ajfa-6602	37	11	autocorrelation	autocorrelation	NOUN
ajfa-6602	37	12	of	of	ADP
ajfa-6602	37	13	time	time	NOUN
ajfa-6602	37	14	series	series	PROPN
ajfa-6602	37	15	return	return	NOUN
ajfa-6602	37	16	.	.	PUNCT
ajfa-6602	38	1	the	the	DET
ajfa-6602	38	2	last	last	ADJ
ajfa-6602	38	3	wants	want	VERB
ajfa-6602	38	4	to	to	PART
ajfa-6602	38	5	know	know	VERB
ajfa-6602	38	6	some	some	DET
ajfa-6602	38	7	characteristics	characteristic	NOUN
ajfa-6602	38	8	of	of	ADP
ajfa-6602	38	9	respondents	respondent	NOUN
ajfa-6602	38	10	.	.	PUNCT
ajfa-6602	39	1	the	the	DET
ajfa-6602	39	2	first	first	ADJ
ajfa-6602	39	3	part	part	NOUN
ajfa-6602	39	4	modifies	modify	VERB
ajfa-6602	39	5	the	the	DET
ajfa-6602	39	6	work	work	NOUN
ajfa-6602	39	7	of	of	ADP
ajfa-6602	39	8	veld	veld	NOUN
ajfa-6602	39	9	and	and	CCONJ
ajfa-6602	39	10	veld	veld	PROPN
ajfa-6602	39	11	-	-	PUNCT
ajfa-6602	39	12	merkoulova	merkoulova	PROPN
ajfa-6602	39	13	(	(	PUNCT
ajfa-6602	39	14	2008	2008	NUM
ajfa-6602	39	15	)	)	PUNCT
ajfa-6602	39	16	.	.	PUNCT
ajfa-6602	40	1	their	their	PRON
ajfa-6602	40	2	work	work	NOUN
ajfa-6602	40	3	designs	design	VERB
ajfa-6602	40	4	two	two	NUM
ajfa-6602	40	5	assets	asset	NOUN
ajfa-6602	40	6	with	with	ADP
ajfa-6602	40	7	four	four	NUM
ajfa-6602	40	8	risk	risk	NOUN
ajfa-6602	40	9	measures	measure	NOUN
ajfa-6602	40	10	,	,	PUNCT
ajfa-6602	40	11	which	which	PRON
ajfa-6602	40	12	include	include	VERB
ajfa-6602	40	13	variance	variance	NOUN
ajfa-6602	40	14	,	,	PUNCT
ajfa-6602	40	15	semivariance	semivariance	NOUN
ajfa-6602	40	16	,	,	PUNCT
ajfa-6602	40	17	probability	probability	NOUN
ajfa-6602	40	18	of	of	ADP
ajfa-6602	40	19	loss	loss	NOUN
ajfa-6602	40	20	,	,	PUNCT
ajfa-6602	40	21	asian	asian	ADJ
ajfa-6602	40	22	journal	journal	NOUN
ajfa-6602	40	23	of	of	ADP
ajfa-6602	40	24	finance	finance	PROPN
ajfa-6602	40	25	&	&	CCONJ
ajfa-6602	40	26	accounting	accounting	PROPN
ajfa-6602	40	27	issn	issn	PROPN
ajfa-6602	40	28	1946	1946	NUM
ajfa-6602	40	29	-	-	PUNCT
ajfa-6602	40	30	052x	052x	NOUN
ajfa-6602	40	31	2015	2015	NUM
ajfa-6602	40	32	,	,	PUNCT
ajfa-6602	40	33	vol	vol	NOUN
ajfa-6602	40	34	.	.	PROPN
ajfa-6602	41	1	7	7	NUM
ajfa-6602	41	2	,	,	PUNCT
ajfa-6602	41	3	no	no	INTJ
ajfa-6602	41	4	.	.	NOUN
ajfa-6602	41	5	1	1	NUM
ajfa-6602	41	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-6602	41	7	66	66	NUM
ajfa-6602	41	8	and	and	CCONJ
ajfa-6602	41	9	expected	expect	VERB
ajfa-6602	41	10	value	value	NOUN
ajfa-6602	41	11	of	of	ADP
ajfa-6602	41	12	loss	loss	NOUN
ajfa-6602	41	13	.	.	PUNCT
ajfa-6602	42	1	one	one	NUM
ajfa-6602	42	2	asset	asset	NOUN
ajfa-6602	42	3	has	have	VERB
ajfa-6602	42	4	a	a	DET
ajfa-6602	42	5	lower	low	ADJ
ajfa-6602	42	6	risk	risk	NOUN
ajfa-6602	42	7	measure	measure	NOUN
ajfa-6602	42	8	compared	compare	VERB
ajfa-6602	42	9	to	to	ADP
ajfa-6602	42	10	another	another	DET
ajfa-6602	42	11	asset	asset	NOUN
ajfa-6602	42	12	,	,	PUNCT
ajfa-6602	42	13	but	but	CCONJ
ajfa-6602	42	14	has	have	VERB
ajfa-6602	42	15	three	three	NUM
ajfa-6602	42	16	higher	high	ADJ
ajfa-6602	42	17	risk	risk	NOUN
ajfa-6602	42	18	measures	measure	NOUN
ajfa-6602	42	19	than	than	ADP
ajfa-6602	42	20	the	the	DET
ajfa-6602	42	21	other	other	ADJ
ajfa-6602	42	22	.	.	PUNCT
ajfa-6602	43	1	when	when	SCONJ
ajfa-6602	43	2	a	a	DET
ajfa-6602	43	3	respondent	respondent	NOUN
ajfa-6602	43	4	choose	choose	VERB
ajfa-6602	43	5	the	the	DET
ajfa-6602	43	6	asset	asset	NOUN
ajfa-6602	43	7	with	with	ADP
ajfa-6602	43	8	a	a	DET
ajfa-6602	43	9	lower	low	ADJ
ajfa-6602	43	10	risk	risk	NOUN
ajfa-6602	43	11	measure	measure	NOUN
ajfa-6602	43	12	,	,	PUNCT
ajfa-6602	43	13	then	then	ADV
ajfa-6602	43	14	we	we	PRON
ajfa-6602	43	15	can	can	AUX
ajfa-6602	43	16	ascertain	ascertain	VERB
ajfa-6602	43	17	what	what	PRON
ajfa-6602	43	18	kind	kind	NOUN
ajfa-6602	43	19	of	of	ADP
ajfa-6602	43	20	risk	risk	NOUN
ajfa-6602	43	21	the	the	DET
ajfa-6602	43	22	investor	investor	NOUN
ajfa-6602	43	23	care	care	VERB
ajfa-6602	43	24	about	about	ADP
ajfa-6602	43	25	.	.	PUNCT
ajfa-6602	44	1	nevertheless	nevertheless	ADV
ajfa-6602	44	2	,	,	PUNCT
ajfa-6602	44	3	their	their	PRON
ajfa-6602	44	4	designed	design	VERB
ajfa-6602	44	5	questions	question	NOUN
ajfa-6602	44	6	would	would	AUX
ajfa-6602	44	7	be	be	AUX
ajfa-6602	44	8	complex	complex	ADJ
ajfa-6602	44	9	for	for	ADP
ajfa-6602	44	10	investors	investor	NOUN
ajfa-6602	44	11	.	.	PUNCT
ajfa-6602	45	1	therefore	therefore	ADV
ajfa-6602	45	2	,	,	PUNCT
ajfa-6602	45	3	we	we	PRON
ajfa-6602	45	4	modify	modify	VERB
ajfa-6602	45	5	their	their	PRON
ajfa-6602	45	6	design	design	NOUN
ajfa-6602	45	7	to	to	ADP
ajfa-6602	45	8	two	two	NUM
ajfa-6602	45	9	assets	asset	NOUN
ajfa-6602	45	10	with	with	ADP
ajfa-6602	45	11	two	two	NUM
ajfa-6602	45	12	risk	risk	NOUN
ajfa-6602	45	13	measures	measure	NOUN
ajfa-6602	45	14	.	.	PUNCT
ajfa-6602	46	1	each	each	DET
ajfa-6602	46	2	asset	asset	NOUN
ajfa-6602	46	3	has	have	VERB
ajfa-6602	46	4	a	a	DET
ajfa-6602	46	5	lower	low	ADJ
ajfa-6602	46	6	risk	risk	NOUN
ajfa-6602	46	7	measure	measure	NOUN
ajfa-6602	46	8	and	and	CCONJ
ajfa-6602	46	9	a	a	DET
ajfa-6602	46	10	higher	high	ADJ
ajfa-6602	46	11	risk	risk	NOUN
ajfa-6602	46	12	measure	measure	NOUN
ajfa-6602	46	13	compared	compare	VERB
ajfa-6602	46	14	to	to	ADP
ajfa-6602	46	15	another	another	DET
ajfa-6602	46	16	asset	asset	NOUN
ajfa-6602	46	17	.	.	PUNCT
ajfa-6602	47	1	there	there	PRON
ajfa-6602	47	2	are	be	VERB
ajfa-6602	47	3	four	four	NUM
ajfa-6602	47	4	questions	question	NOUN
ajfa-6602	47	5	in	in	ADP
ajfa-6602	47	6	the	the	DET
ajfa-6602	47	7	first	first	ADJ
ajfa-6602	47	8	part	part	NOUN
ajfa-6602	47	9	.	.	PUNCT
ajfa-6602	48	1	the	the	DET
ajfa-6602	48	2	first	first	ADJ
ajfa-6602	48	3	question	question	NOUN
ajfa-6602	48	4	is	be	AUX
ajfa-6602	48	5	designed	design	VERB
ajfa-6602	48	6	to	to	PART
ajfa-6602	48	7	identify	identify	VERB
ajfa-6602	48	8	respondent	respondent	NOUN
ajfa-6602	48	9	’s	’s	PART
ajfa-6602	48	10	risk	risk	NOUN
ajfa-6602	48	11	attitude	attitude	NOUN
ajfa-6602	48	12	.	.	PUNCT
ajfa-6602	49	1	the	the	DET
ajfa-6602	49	2	traditional	traditional	ADJ
ajfa-6602	49	3	question	question	NOUN
ajfa-6602	49	4	let	let	VERB
ajfa-6602	49	5	respondent	respondent	NOUN
ajfa-6602	49	6	to	to	PART
ajfa-6602	49	7	choose	choose	VERB
ajfa-6602	49	8	one	one	NUM
ajfa-6602	49	9	among	among	ADP
ajfa-6602	49	10	three	three	NUM
ajfa-6602	49	11	options	option	NOUN
ajfa-6602	49	12	:	:	PUNCT
ajfa-6602	49	13	risk	risk	NOUN
ajfa-6602	49	14	-	-	PUNCT
ajfa-6602	49	15	averse	averse	ADJ
ajfa-6602	49	16	,	,	PUNCT
ajfa-6602	49	17	risk	risk	NOUN
ajfa-6602	49	18	-	-	PUNCT
ajfa-6602	49	19	love	love	NOUN
ajfa-6602	49	20	,	,	PUNCT
ajfa-6602	49	21	or	or	CCONJ
ajfa-6602	49	22	risk	risk	NOUN
ajfa-6602	49	23	-	-	PUNCT
ajfa-6602	49	24	neutral	neutral	ADJ
ajfa-6602	49	25	.	.	PUNCT
ajfa-6602	50	1	we	we	PRON
ajfa-6602	50	2	let	let	VERB
ajfa-6602	50	3	the	the	DET
ajfa-6602	50	4	respondent	respondent	NOUN
ajfa-6602	50	5	to	to	PART
ajfa-6602	50	6	have	have	VERB
ajfa-6602	50	7	seven	seven	NUM
ajfa-6602	50	8	options	option	NOUN
ajfa-6602	50	9	.	.	PUNCT
ajfa-6602	51	1	the	the	DET
ajfa-6602	51	2	first	first	ADJ
ajfa-6602	51	3	question	question	NOUN
ajfa-6602	51	4	is	be	AUX
ajfa-6602	51	5	as	as	SCONJ
ajfa-6602	51	6	follows	follow	VERB
ajfa-6602	51	7	:	:	PUNCT
ajfa-6602	51	8	q1	q1	NOUN
ajfa-6602	51	9	.	.	PUNCT
ajfa-6602	52	1	suppose	suppose	VERB
ajfa-6602	52	2	that	that	SCONJ
ajfa-6602	52	3	you	you	PRON
ajfa-6602	52	4	plan	plan	VERB
ajfa-6602	52	5	to	to	PART
ajfa-6602	52	6	invest	invest	VERB
ajfa-6602	52	7	new	new	ADJ
ajfa-6602	52	8	taiwan	taiwan	PROPN
ajfa-6602	52	9	dollar	dollar	NOUN
ajfa-6602	52	10	(	(	PUNCT
ajfa-6602	52	11	nt$	nt$	PROPN
ajfa-6602	52	12	)	)	PUNCT
ajfa-6602	52	13	100,000	100,000	NUM
ajfa-6602	52	14	of	of	ADP
ajfa-6602	52	15	your	your	PRON
ajfa-6602	52	16	own	own	ADJ
ajfa-6602	52	17	money	money	NOUN
ajfa-6602	52	18	.	.	PUNCT
ajfa-6602	53	1	you	you	PRON
ajfa-6602	53	2	can	can	AUX
ajfa-6602	53	3	choose	choose	VERB
ajfa-6602	53	4	between	between	ADP
ajfa-6602	53	5	two	two	NUM
ajfa-6602	53	6	financial	financial	ADJ
ajfa-6602	53	7	products	product	NOUN
ajfa-6602	53	8	.	.	PUNCT
ajfa-6602	54	1	both	both	DET
ajfa-6602	54	2	products	product	NOUN
ajfa-6602	54	3	will	will	AUX
ajfa-6602	54	4	be	be	AUX
ajfa-6602	54	5	liquidated	liquidate	VERB
ajfa-6602	54	6	after	after	ADP
ajfa-6602	54	7	one	one	NUM
ajfa-6602	54	8	year	year	NOUN
ajfa-6602	54	9	,	,	PUNCT
ajfa-6602	54	10	and	and	CCONJ
ajfa-6602	54	11	the	the	DET
ajfa-6602	54	12	expected	expect	VERB
ajfa-6602	54	13	payoffs	payoff	NOUN
ajfa-6602	54	14	are	be	AUX
ajfa-6602	54	15	nt$	nt$	SYM
ajfa-6602	54	16	105,000	105,000	NUM
ajfa-6602	54	17	(	(	PUNCT
ajfa-6602	54	18	there	there	PRON
ajfa-6602	54	19	is	be	VERB
ajfa-6602	54	20	rate	rate	NOUN
ajfa-6602	54	21	of	of	ADP
ajfa-6602	54	22	return	return	NOUN
ajfa-6602	54	23	of	of	ADP
ajfa-6602	54	24	5	5	NUM
ajfa-6602	54	25	%	%	NOUN
ajfa-6602	54	26	)	)	PUNCT
ajfa-6602	54	27	.	.	PUNCT
ajfa-6602	55	1	what	what	PRON
ajfa-6602	55	2	do	do	AUX
ajfa-6602	55	3	you	you	PRON
ajfa-6602	55	4	choose	choose	VERB
ajfa-6602	55	5	?	?	PUNCT
ajfa-6602	56	1	a	a	DET
ajfa-6602	56	2	:	:	SYM
ajfa-6602	56	3	100	100	NUM
ajfa-6602	56	4	%	%	NOUN
ajfa-6602	56	5	chance	chance	NOUN
ajfa-6602	56	6	of	of	ADP
ajfa-6602	56	7	nt$105,000	nt$105,000	NUM
ajfa-6602	56	8	payoff	payoff	NOUN
ajfa-6602	56	9	.	.	PUNCT
ajfa-6602	57	1	b	b	X
ajfa-6602	57	2	:	:	PUNCT
ajfa-6602	57	3	50	50	NUM
ajfa-6602	57	4	%	%	NOUN
ajfa-6602	57	5	chance	chance	NOUN
ajfa-6602	57	6	of	of	ADP
ajfa-6602	57	7	nt$55,000	nt$55,000	PROPN
ajfa-6602	57	8	payoff	payoff	NOUN
ajfa-6602	57	9	,	,	PUNCT
ajfa-6602	57	10	and	and	CCONJ
ajfa-6602	57	11	50	50	NUM
ajfa-6602	57	12	%	%	NOUN
ajfa-6602	57	13	chance	chance	NOUN
ajfa-6602	57	14	of	of	ADP
ajfa-6602	57	15	nt$155,000	nt$155,000	NUM
ajfa-6602	57	16	payoff	payoff	NOUN
ajfa-6602	57	17	.	.	PUNCT
ajfa-6602	58	1	choose	choose	VERB
ajfa-6602	58	2	a	a	DET
ajfa-6602	58	3	choose	choose	NOUN
ajfa-6602	58	4	b	b	NOUN
ajfa-6602	58	5	absolutely	absolutely	ADV
ajfa-6602	58	6	always	always	ADV
ajfa-6602	58	7	sometime	sometime	ADJ
ajfa-6602	58	8	indifference	indifference	NOUN
ajfa-6602	58	9	sometime	sometime	ADV
ajfa-6602	58	10	always	always	ADV
ajfa-6602	58	11	absolutely	absolutely	ADV
ajfa-6602	58	12	a	a	DET
ajfa-6602	58	13	100	100	NUM
ajfa-6602	58	14	%	%	NOUN
ajfa-6602	58	15	risk	risk	NOUN
ajfa-6602	58	16	-	-	PUNCT
ajfa-6602	58	17	averter	averter	NOUN
ajfa-6602	58	18	will	will	AUX
ajfa-6602	58	19	absolutely	absolutely	ADV
ajfa-6602	58	20	choose	choose	VERB
ajfa-6602	58	21	asset	asset	NOUN
ajfa-6602	58	22	a	a	PRON
ajfa-6602	58	23	,	,	PUNCT
ajfa-6602	58	24	while	while	SCONJ
ajfa-6602	58	25	100	100	NUM
ajfa-6602	58	26	%	%	NOUN
ajfa-6602	58	27	risk	risk	NOUN
ajfa-6602	58	28	-	-	PUNCT
ajfa-6602	58	29	taker	taker	NOUN
ajfa-6602	58	30	will	will	AUX
ajfa-6602	58	31	absolutely	absolutely	ADV
ajfa-6602	58	32	choose	choose	VERB
ajfa-6602	58	33	asset	asset	NOUN
ajfa-6602	58	34	b.	b.	PROPN
ajfa-6602	58	35	the	the	DET
ajfa-6602	58	36	risk	risk	NOUN
ajfa-6602	58	37	-	-	PUNCT
ajfa-6602	58	38	neutral	neutral	ADJ
ajfa-6602	58	39	will	will	AUX
ajfa-6602	58	40	be	be	AUX
ajfa-6602	58	41	indifferent	indifferent	ADJ
ajfa-6602	58	42	between	between	ADP
ajfa-6602	58	43	these	these	DET
ajfa-6602	58	44	two	two	NUM
ajfa-6602	58	45	assets	asset	NOUN
ajfa-6602	58	46	.	.	PUNCT
ajfa-6602	59	1	the	the	DET
ajfa-6602	59	2	second	second	ADJ
ajfa-6602	59	3	question	question	NOUN
ajfa-6602	59	4	is	be	AUX
ajfa-6602	59	5	designed	design	VERB
ajfa-6602	59	6	to	to	PART
ajfa-6602	59	7	explore	explore	VERB
ajfa-6602	59	8	the	the	DET
ajfa-6602	59	9	respondent	respondent	NOUN
ajfa-6602	59	10	’s	’s	PART
ajfa-6602	59	11	concern	concern	NOUN
ajfa-6602	59	12	about	about	ADP
ajfa-6602	59	13	symmetric	symmetric	ADJ
ajfa-6602	59	14	risk	risk	NOUN
ajfa-6602	59	15	,	,	PUNCT
ajfa-6602	59	16	which	which	PRON
ajfa-6602	59	17	is	be	AUX
ajfa-6602	59	18	measured	measure	VERB
ajfa-6602	59	19	by	by	ADP
ajfa-6602	59	20	standard	standard	ADJ
ajfa-6602	59	21	deviation	deviation	NOUN
ajfa-6602	59	22	,	,	PUNCT
ajfa-6602	59	23	or	or	CCONJ
ajfa-6602	59	24	downside	downside	ADJ
ajfa-6602	59	25	risk	risk	NOUN
ajfa-6602	59	26	,	,	PUNCT
ajfa-6602	59	27	which	which	PRON
ajfa-6602	59	28	is	be	AUX
ajfa-6602	59	29	measured	measure	VERB
ajfa-6602	59	30	by	by	ADP
ajfa-6602	59	31	semi	semi	ADV
ajfa-6602	59	32	standard	standard	ADJ
ajfa-6602	59	33	deviation	deviation	NOUN
ajfa-6602	59	34	.	.	PUNCT
ajfa-6602	60	1	q2	q2	PROPN
ajfa-6602	60	2	.	.	PUNCT
ajfa-6602	61	1	suppose	suppose	VERB
ajfa-6602	61	2	that	that	SCONJ
ajfa-6602	61	3	you	you	PRON
ajfa-6602	61	4	plan	plan	VERB
ajfa-6602	61	5	to	to	PART
ajfa-6602	61	6	invest	invest	VERB
ajfa-6602	61	7	nt$100,000	nt$100,000	NUM
ajfa-6602	61	8	of	of	ADP
ajfa-6602	61	9	your	your	PRON
ajfa-6602	61	10	own	own	ADJ
ajfa-6602	61	11	money	money	NOUN
ajfa-6602	61	12	.	.	PUNCT
ajfa-6602	62	1	you	you	PRON
ajfa-6602	62	2	can	can	AUX
ajfa-6602	62	3	choose	choose	VERB
ajfa-6602	62	4	between	between	ADP
ajfa-6602	62	5	two	two	NUM
ajfa-6602	62	6	financial	financial	ADJ
ajfa-6602	62	7	products	product	NOUN
ajfa-6602	62	8	.	.	PUNCT
ajfa-6602	63	1	both	both	DET
ajfa-6602	63	2	products	product	NOUN
ajfa-6602	63	3	will	will	AUX
ajfa-6602	63	4	be	be	AUX
ajfa-6602	63	5	liquidated	liquidate	VERB
ajfa-6602	63	6	after	after	ADP
ajfa-6602	63	7	one	one	NUM
ajfa-6602	63	8	year	year	NOUN
ajfa-6602	63	9	,	,	PUNCT
ajfa-6602	63	10	and	and	CCONJ
ajfa-6602	63	11	the	the	DET
ajfa-6602	63	12	expected	expect	VERB
ajfa-6602	63	13	payoffs	payoff	NOUN
ajfa-6602	63	14	are	be	AUX
ajfa-6602	63	15	nt$	nt$	SYM
ajfa-6602	63	16	105,000	105,000	NUM
ajfa-6602	63	17	(	(	PUNCT
ajfa-6602	63	18	there	there	PRON
ajfa-6602	63	19	is	be	VERB
ajfa-6602	63	20	a	a	DET
ajfa-6602	63	21	rate	rate	NOUN
ajfa-6602	63	22	of	of	ADP
ajfa-6602	63	23	return	return	NOUN
ajfa-6602	63	24	of	of	ADP
ajfa-6602	63	25	5	5	NUM
ajfa-6602	63	26	%	%	NOUN
ajfa-6602	63	27	)	)	PUNCT
ajfa-6602	63	28	.	.	PUNCT
ajfa-6602	64	1	what	what	PRON
ajfa-6602	64	2	do	do	AUX
ajfa-6602	64	3	you	you	PRON
ajfa-6602	64	4	choose	choose	VERB
ajfa-6602	64	5	?	?	PUNCT
ajfa-6602	65	1	c	c	X
ajfa-6602	65	2	:	:	PUNCT
ajfa-6602	65	3	25	25	NUM
ajfa-6602	65	4	%	%	NOUN
ajfa-6602	65	5	chance	chance	NOUN
ajfa-6602	65	6	of	of	ADP
ajfa-6602	65	7	nt$75,000	nt$75,000	PROPN
ajfa-6602	65	8	payoff	payoff	NOUN
ajfa-6602	65	9	,	,	PUNCT
ajfa-6602	65	10	and	and	CCONJ
ajfa-6602	65	11	75	75	NUM
ajfa-6602	65	12	%	%	NOUN
ajfa-6602	65	13	chance	chance	NOUN
ajfa-6602	65	14	of	of	ADP
ajfa-6602	65	15	nt$115,000	nt$115,000	NUM
ajfa-6602	65	16	payoff	payoff	NOUN
ajfa-6602	65	17	.	.	PUNCT
ajfa-6602	66	1	(	(	PUNCT
ajfa-6602	66	2	the	the	DET
ajfa-6602	66	3	asset	asset	NOUN
ajfa-6602	66	4	c	c	NOUN
ajfa-6602	66	5	has	have	VERB
ajfa-6602	66	6	standard	standard	ADJ
ajfa-6602	66	7	deviation	deviation	NOUN
ajfa-6602	66	8	of	of	ADP
ajfa-6602	66	9	$	$	SYM
ajfa-6602	66	10	17,321	17,321	NUM
ajfa-6602	66	11	and	and	CCONJ
ajfa-6602	66	12	semi	semi	ADV
ajfa-6602	66	13	standard	standard	ADJ
ajfa-6602	66	14	deviation	deviation	NOUN
ajfa-6602	66	15	of	of	ADP
ajfa-6602	66	16	$	$	SYM
ajfa-6602	66	17	15,000	15,000	NUM
ajfa-6602	66	18	)	)	PUNCT
ajfa-6602	67	1	d	d	NOUN
ajfa-6602	67	2	:	:	PUNCT
ajfa-6602	67	3	10	10	NUM
ajfa-6602	67	4	%	%	NOUN
ajfa-6602	67	5	chance	chance	NOUN
ajfa-6602	67	6	of	of	ADP
ajfa-6602	67	7	nt$70,000	nt$70,000	PUNCT
ajfa-6602	67	8	payoff	payoff	NOUN
ajfa-6602	67	9	,	,	PUNCT
ajfa-6602	67	10	and	and	CCONJ
ajfa-6602	67	11	87.5	87.5	NUM
ajfa-6602	67	12	%	%	NOUN
ajfa-6602	67	13	chance	chance	NOUN
ajfa-6602	67	14	of	of	ADP
ajfa-6602	67	15	nt$105,000	nt$105,000	NUM
ajfa-6602	67	16	payoff	payoff	NOUN
ajfa-6602	67	17	,	,	PUNCT
ajfa-6602	67	18	and	and	CCONJ
ajfa-6602	67	19	2.5	2.5	NUM
ajfa-6602	67	20	%	%	NOUN
ajfa-6602	67	21	chance	chance	NOUN
ajfa-6602	67	22	of	of	ADP
ajfa-6602	67	23	nt$245,000	nt$245,000	NUM
ajfa-6602	67	24	payoff	payoff	NOUN
ajfa-6602	67	25	.	.	PUNCT
ajfa-6602	68	1	(	(	PUNCT
ajfa-6602	68	2	the	the	DET
ajfa-6602	68	3	asset	asset	NOUN
ajfa-6602	68	4	d	d	NOUN
ajfa-6602	68	5	has	have	VERB
ajfa-6602	68	6	standard	standard	ADJ
ajfa-6602	68	7	deviation	deviation	NOUN
ajfa-6602	68	8	of	of	ADP
ajfa-6602	68	9	$	$	SYM
ajfa-6602	68	10	24,749	24,749	NUM
ajfa-6602	68	11	and	and	CCONJ
ajfa-6602	68	12	semi	semi	ADV
ajfa-6602	68	13	standard	standard	ADJ
ajfa-6602	68	14	deviation	deviation	NOUN
ajfa-6602	68	15	of	of	ADP
ajfa-6602	68	16	$	$	SYM
ajfa-6602	68	17	11,068	11,068	NUM
ajfa-6602	68	18	)	)	PUNCT
ajfa-6602	68	19	.	.	PUNCT
ajfa-6602	69	1	we	we	PRON
ajfa-6602	69	2	design	design	VERB
ajfa-6602	69	3	third	third	ADJ
ajfa-6602	69	4	question	question	NOUN
ajfa-6602	69	5	to	to	PART
ajfa-6602	69	6	reflect	reflect	VERB
ajfa-6602	69	7	respondent	respondent	NOUN
ajfa-6602	69	8	’s	’s	PART
ajfa-6602	69	9	risk	risk	NOUN
ajfa-6602	69	10	attitude	attitude	NOUN
ajfa-6602	69	11	between	between	ADP
ajfa-6602	69	12	system	system	NOUN
ajfa-6602	69	13	risk	risk	NOUN
ajfa-6602	69	14	and	and	CCONJ
ajfa-6602	69	15	expected	expect	VERB
ajfa-6602	69	16	value	value	NOUN
ajfa-6602	69	17	of	of	ADP
ajfa-6602	69	18	loss	loss	NOUN
ajfa-6602	69	19	,	,	PUNCT
ajfa-6602	69	20	and	and	CCONJ
ajfa-6602	69	21	fourth	fourth	ADJ
ajfa-6602	69	22	question	question	NOUN
ajfa-6602	69	23	to	to	PART
ajfa-6602	69	24	reflect	reflect	VERB
ajfa-6602	69	25	respondent	respondent	NOUN
ajfa-6602	69	26	’s	’s	PART
ajfa-6602	69	27	risk	risk	NOUN
ajfa-6602	69	28	attitude	attitude	NOUN
ajfa-6602	69	29	between	between	ADP
ajfa-6602	69	30	system	system	NOUN
ajfa-6602	69	31	risk	risk	NOUN
ajfa-6602	69	32	and	and	CCONJ
ajfa-6602	69	33	probability	probability	NOUN
ajfa-6602	69	34	of	of	ADP
ajfa-6602	69	35	loss	loss	NOUN
ajfa-6602	69	36	.	.	PUNCT
ajfa-6602	70	1	q3	q3	PROPN
ajfa-6602	70	2	.	.	PUNCT
ajfa-6602	71	1	suppose	suppose	VERB
ajfa-6602	71	2	that	that	SCONJ
ajfa-6602	71	3	you	you	PRON
ajfa-6602	71	4	plan	plan	VERB
ajfa-6602	71	5	to	to	PART
ajfa-6602	71	6	invest	invest	VERB
ajfa-6602	71	7	nt$100,000	nt$100,000	NUM
ajfa-6602	71	8	of	of	ADP
ajfa-6602	71	9	your	your	PRON
ajfa-6602	71	10	own	own	ADJ
ajfa-6602	71	11	money	money	NOUN
ajfa-6602	71	12	.	.	PUNCT
ajfa-6602	72	1	you	you	PRON
ajfa-6602	72	2	can	can	AUX
ajfa-6602	72	3	choose	choose	VERB
ajfa-6602	72	4	between	between	ADP
ajfa-6602	72	5	two	two	NUM
ajfa-6602	72	6	financial	financial	ADJ
ajfa-6602	72	7	products	product	NOUN
ajfa-6602	72	8	.	.	PUNCT
ajfa-6602	73	1	both	both	DET
ajfa-6602	73	2	products	product	NOUN
ajfa-6602	73	3	will	will	AUX
ajfa-6602	73	4	be	be	AUX
ajfa-6602	73	5	liquidated	liquidate	VERB
ajfa-6602	73	6	after	after	ADP
ajfa-6602	73	7	one	one	NUM
ajfa-6602	73	8	year	year	NOUN
ajfa-6602	73	9	,	,	PUNCT
ajfa-6602	73	10	and	and	CCONJ
ajfa-6602	73	11	the	the	DET
ajfa-6602	73	12	asian	asian	ADJ
ajfa-6602	73	13	journal	journal	NOUN
ajfa-6602	73	14	of	of	ADP
ajfa-6602	73	15	finance	finance	PROPN
ajfa-6602	73	16	&	&	CCONJ
ajfa-6602	73	17	accounting	accounting	PROPN
ajfa-6602	73	18	issn	issn	PROPN
ajfa-6602	73	19	1946	1946	NUM
ajfa-6602	73	20	-	-	PUNCT
ajfa-6602	73	21	052x	052x	NOUN
ajfa-6602	73	22	2015	2015	NUM
ajfa-6602	73	23	,	,	PUNCT
ajfa-6602	73	24	vol	vol	NOUN
ajfa-6602	73	25	.	.	PROPN
ajfa-6602	73	26	7	7	NUM
ajfa-6602	73	27	,	,	PUNCT
ajfa-6602	73	28	no	no	INTJ
ajfa-6602	73	29	.	.	NOUN
ajfa-6602	73	30	1	1	NUM
ajfa-6602	73	31	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-6602	73	32	67	67	NUM
ajfa-6602	73	33	expected	expect	VERB
ajfa-6602	73	34	payoffs	payoff	NOUN
ajfa-6602	73	35	are	be	AUX
ajfa-6602	73	36	nt$	nt$	SYM
ajfa-6602	73	37	110,000	110,000	NUM
ajfa-6602	73	38	(	(	PUNCT
ajfa-6602	73	39	there	there	PRON
ajfa-6602	73	40	is	be	VERB
ajfa-6602	73	41	a	a	DET
ajfa-6602	73	42	rate	rate	NOUN
ajfa-6602	73	43	of	of	ADP
ajfa-6602	73	44	return	return	NOUN
ajfa-6602	73	45	of	of	ADP
ajfa-6602	73	46	10	10	NUM
ajfa-6602	73	47	%	%	NOUN
ajfa-6602	73	48	)	)	PUNCT
ajfa-6602	73	49	.	.	PUNCT
ajfa-6602	74	1	what	what	PRON
ajfa-6602	74	2	do	do	AUX
ajfa-6602	74	3	you	you	PRON
ajfa-6602	74	4	choose	choose	VERB
ajfa-6602	74	5	?	?	PUNCT
ajfa-6602	75	1	e	e	X
ajfa-6602	75	2	:	:	PUNCT
ajfa-6602	75	3	15	15	NUM
ajfa-6602	75	4	%	%	NOUN
ajfa-6602	75	5	chance	chance	NOUN
ajfa-6602	75	6	of	of	ADP
ajfa-6602	75	7	nt$80,000	nt$80,000	NUM
ajfa-6602	75	8	payoff	payoff	NOUN
ajfa-6602	75	9	,	,	PUNCT
ajfa-6602	75	10	40	40	NUM
ajfa-6602	75	11	%	%	NOUN
ajfa-6602	75	12	chance	chance	NOUN
ajfa-6602	75	13	of	of	ADP
ajfa-6602	75	14	nt$92,000	nt$92,000	PROPN
ajfa-6602	75	15	payoff	payoff	NOUN
ajfa-6602	75	16	,	,	PUNCT
ajfa-6602	75	17	and	and	CCONJ
ajfa-6602	75	18	45	45	NUM
ajfa-6602	75	19	%	%	NOUN
ajfa-6602	75	20	chance	chance	NOUN
ajfa-6602	75	21	of	of	ADP
ajfa-6602	75	22	nt$136,000	nt$136,000	NUM
ajfa-6602	75	23	payoff	payoff	NOUN
ajfa-6602	75	24	.	.	PUNCT
ajfa-6602	76	1	(	(	PUNCT
ajfa-6602	76	2	the	the	DET
ajfa-6602	76	3	asset	asset	NOUN
ajfa-6602	76	4	e	e	NOUN
ajfa-6602	76	5	has	have	VERB
ajfa-6602	76	6	standard	standard	ADJ
ajfa-6602	76	7	deviation	deviation	NOUN
ajfa-6602	76	8	of	of	ADP
ajfa-6602	76	9	$	$	SYM
ajfa-6602	76	10	23,900	23,900	NUM
ajfa-6602	76	11	and	and	CCONJ
ajfa-6602	76	12	expected	expect	VERB
ajfa-6602	76	13	loss	loss	NOUN
ajfa-6602	76	14	of	of	ADP
ajfa-6602	76	15	$	$	SYM
ajfa-6602	76	16	62,000	62,000	NUM
ajfa-6602	76	17	)	)	PUNCT
ajfa-6602	76	18	.	.	PUNCT
ajfa-6602	77	1	f	f	X
ajfa-6602	77	2	:	:	PUNCT
ajfa-6602	77	3	10	10	NUM
ajfa-6602	77	4	%	%	NOUN
ajfa-6602	77	5	chance	chance	NOUN
ajfa-6602	77	6	of	of	ADP
ajfa-6602	77	7	nt$64,000	nt$64,000	PROPN
ajfa-6602	77	8	payoff	payoff	NOUN
ajfa-6602	77	9	,	,	PUNCT
ajfa-6602	77	10	60	60	NUM
ajfa-6602	77	11	%	%	NOUN
ajfa-6602	77	12	chance	chance	NOUN
ajfa-6602	77	13	of	of	ADP
ajfa-6602	77	14	nt$99,000	nt$99,000	NUM
ajfa-6602	77	15	payoff	payoff	NOUN
ajfa-6602	77	16	,	,	PUNCT
ajfa-6602	77	17	and	and	CCONJ
ajfa-6602	77	18	30	30	NUM
ajfa-6602	77	19	%	%	NOUN
ajfa-6602	77	20	chance	chance	NOUN
ajfa-6602	77	21	of	of	ADP
ajfa-6602	77	22	nt$147,000	nt$147,000	NUM
ajfa-6602	77	23	payoff	payoff	NOUN
ajfa-6602	77	24	.	.	PUNCT
ajfa-6602	78	1	(	(	PUNCT
ajfa-6602	78	2	the	the	DET
ajfa-6602	78	3	asset	asset	NOUN
ajfa-6602	78	4	e	e	NOUN
ajfa-6602	78	5	has	have	VERB
ajfa-6602	78	6	standard	standard	ADJ
ajfa-6602	78	7	deviation	deviation	NOUN
ajfa-6602	78	8	of	of	ADP
ajfa-6602	78	9	$	$	SYM
ajfa-6602	78	10	26,400	26,400	NUM
ajfa-6602	78	11	and	and	CCONJ
ajfa-6602	78	12	expected	expect	VERB
ajfa-6602	78	13	loss	loss	NOUN
ajfa-6602	78	14	of	of	ADP
ajfa-6602	78	15	$	$	SYM
ajfa-6602	78	16	42,000	42,000	NUM
ajfa-6602	78	17	)	)	PUNCT
ajfa-6602	78	18	.	.	PUNCT
ajfa-6602	79	1	q4	q4	PROPN
ajfa-6602	79	2	.	.	PUNCT
ajfa-6602	79	3	suppose	suppose	VERB
ajfa-6602	79	4	that	that	SCONJ
ajfa-6602	79	5	you	you	PRON
ajfa-6602	79	6	plan	plan	VERB
ajfa-6602	79	7	to	to	PART
ajfa-6602	79	8	invest	invest	VERB
ajfa-6602	79	9	nt$100,000	nt$100,000	NUM
ajfa-6602	79	10	of	of	ADP
ajfa-6602	79	11	your	your	PRON
ajfa-6602	79	12	own	own	ADJ
ajfa-6602	79	13	money	money	NOUN
ajfa-6602	79	14	.	.	PUNCT
ajfa-6602	80	1	you	you	PRON
ajfa-6602	80	2	can	can	AUX
ajfa-6602	80	3	choose	choose	VERB
ajfa-6602	80	4	between	between	ADP
ajfa-6602	80	5	two	two	NUM
ajfa-6602	80	6	financial	financial	ADJ
ajfa-6602	80	7	products	product	NOUN
ajfa-6602	80	8	.	.	PUNCT
ajfa-6602	81	1	both	both	DET
ajfa-6602	81	2	products	product	NOUN
ajfa-6602	81	3	will	will	AUX
ajfa-6602	81	4	be	be	AUX
ajfa-6602	81	5	liquidated	liquidate	VERB
ajfa-6602	81	6	after	after	ADP
ajfa-6602	81	7	one	one	NUM
ajfa-6602	81	8	year	year	NOUN
ajfa-6602	81	9	,	,	PUNCT
ajfa-6602	81	10	and	and	CCONJ
ajfa-6602	81	11	the	the	DET
ajfa-6602	81	12	expected	expect	VERB
ajfa-6602	81	13	payoffs	payoff	NOUN
ajfa-6602	81	14	are	be	AUX
ajfa-6602	81	15	nt$	nt$	SYM
ajfa-6602	81	16	110,000	110,000	NUM
ajfa-6602	81	17	(	(	PUNCT
ajfa-6602	81	18	there	there	PRON
ajfa-6602	81	19	is	be	VERB
ajfa-6602	81	20	a	a	DET
ajfa-6602	81	21	rate	rate	NOUN
ajfa-6602	81	22	of	of	ADP
ajfa-6602	81	23	return	return	NOUN
ajfa-6602	81	24	of	of	ADP
ajfa-6602	81	25	10	10	NUM
ajfa-6602	81	26	%	%	NOUN
ajfa-6602	81	27	)	)	PUNCT
ajfa-6602	81	28	.	.	PUNCT
ajfa-6602	82	1	what	what	PRON
ajfa-6602	82	2	do	do	AUX
ajfa-6602	82	3	you	you	PRON
ajfa-6602	82	4	choose	choose	VERB
ajfa-6602	82	5	?	?	PUNCT
ajfa-6602	83	1	g	g	NOUN
ajfa-6602	83	2	:	:	PUNCT
ajfa-6602	83	3	45	45	NUM
ajfa-6602	83	4	%	%	NOUN
ajfa-6602	83	5	chance	chance	NOUN
ajfa-6602	83	6	of	of	ADP
ajfa-6602	83	7	nt$92,000	nt$92,000	PROPN
ajfa-6602	83	8	payoff	payoff	NOUN
ajfa-6602	83	9	,	,	PUNCT
ajfa-6602	83	10	and	and	CCONJ
ajfa-6602	83	11	60	60	NUM
ajfa-6602	83	12	%	%	NOUN
ajfa-6602	83	13	chance	chance	NOUN
ajfa-6602	83	14	of	of	ADP
ajfa-6602	83	15	nt$122,200	nt$122,200	NUM
ajfa-6602	83	16	payoff	payoff	NOUN
ajfa-6602	83	17	.	.	PUNCT
ajfa-6602	84	1	(	(	PUNCT
ajfa-6602	84	2	the	the	DET
ajfa-6602	84	3	asset	asset	NOUN
ajfa-6602	84	4	g	g	NOUN
ajfa-6602	84	5	has	have	VERB
ajfa-6602	84	6	standard	standard	ADJ
ajfa-6602	84	7	deviation	deviation	NOUN
ajfa-6602	84	8	of	of	ADP
ajfa-6602	84	9	$	$	SYM
ajfa-6602	84	10	14,700	14,700	NUM
ajfa-6602	84	11	and	and	CCONJ
ajfa-6602	84	12	probability	probability	NOUN
ajfa-6602	84	13	of	of	ADP
ajfa-6602	84	14	loss	loss	NOUN
ajfa-6602	84	15	of	of	ADP
ajfa-6602	84	16	40	40	NUM
ajfa-6602	84	17	%	%	NOUN
ajfa-6602	84	18	)	)	PUNCT
ajfa-6602	84	19	.	.	PUNCT
ajfa-6602	85	1	h	h	NOUN
ajfa-6602	85	2	:	:	PUNCT
ajfa-6602	85	3	10	10	NUM
ajfa-6602	85	4	%	%	NOUN
ajfa-6602	85	5	chance	chance	NOUN
ajfa-6602	85	6	of	of	ADP
ajfa-6602	85	7	nt$20,000	nt$20,000	PROPN
ajfa-6602	85	8	payoff	payoff	NOUN
ajfa-6602	85	9	,	,	PUNCT
ajfa-6602	85	10	and	and	CCONJ
ajfa-6602	85	11	90	90	NUM
ajfa-6602	85	12	%	%	NOUN
ajfa-6602	85	13	chance	chance	NOUN
ajfa-6602	85	14	of	of	ADP
ajfa-6602	85	15	nt$120,000	nt$120,000	NUM
ajfa-6602	85	16	payoff	payoff	NOUN
ajfa-6602	85	17	.	.	PUNCT
ajfa-6602	86	1	(	(	PUNCT
ajfa-6602	86	2	the	the	DET
ajfa-6602	86	3	asset	asset	NOUN
ajfa-6602	86	4	h	h	NOUN
ajfa-6602	86	5	has	have	VERB
ajfa-6602	86	6	standard	standard	ADJ
ajfa-6602	86	7	deviation	deviation	NOUN
ajfa-6602	86	8	of	of	ADP
ajfa-6602	86	9	$	$	SYM
ajfa-6602	86	10	30,000	30,000	NUM
ajfa-6602	86	11	and	and	CCONJ
ajfa-6602	86	12	probability	probability	NOUN
ajfa-6602	86	13	of	of	ADP
ajfa-6602	86	14	loss	loss	NOUN
ajfa-6602	86	15	of	of	ADP
ajfa-6602	86	16	10	10	NUM
ajfa-6602	86	17	%	%	NOUN
ajfa-6602	86	18	)	)	PUNCT
ajfa-6602	86	19	.	.	PUNCT
ajfa-6602	87	1	3	3	X
ajfa-6602	87	2	.	.	X
ajfa-6602	87	3	new	new	ADJ
ajfa-6602	87	4	risk	risk	NOUN
ajfa-6602	87	5	measure	measure	NOUN
ajfa-6602	87	6	and	and	CCONJ
ajfa-6602	87	7	evaluation	evaluation	NOUN
ajfa-6602	87	8	of	of	ADP
ajfa-6602	87	9	investors	investor	NOUN
ajfa-6602	87	10	the	the	DET
ajfa-6602	87	11	calculations	calculation	NOUN
ajfa-6602	87	12	of	of	ADP
ajfa-6602	87	13	variance	variance	NOUN
ajfa-6602	87	14	and	and	CCONJ
ajfa-6602	87	15	semivariance	semivariance	NOUN
ajfa-6602	87	16	do	do	AUX
ajfa-6602	87	17	n’t	not	PART
ajfa-6602	87	18	take	take	VERB
ajfa-6602	87	19	autocorrelation	autocorrelation	NOUN
ajfa-6602	87	20	of	of	ADP
ajfa-6602	87	21	time	time	NOUN
ajfa-6602	87	22	series	series	PROPN
ajfa-6602	87	23	return	return	VERB
ajfa-6602	87	24	into	into	ADP
ajfa-6602	87	25	account	account	NOUN
ajfa-6602	87	26	.	.	PUNCT
ajfa-6602	88	1	goyal	goyal	PROPN
ajfa-6602	88	2	and	and	CCONJ
ajfa-6602	88	3	santa	santa	PROPN
ajfa-6602	88	4	-	-	PUNCT
ajfa-6602	88	5	clara	clara	PROPN
ajfa-6602	88	6	(	(	PUNCT
ajfa-6602	88	7	2003	2003	NUM
ajfa-6602	88	8	)	)	PUNCT
ajfa-6602	88	9	include	include	VERB
ajfa-6602	88	10	the	the	DET
ajfa-6602	88	11	autocorrelation	autocorrelation	NOUN
ajfa-6602	88	12	feature	feature	NOUN
ajfa-6602	88	13	in	in	ADP
ajfa-6602	88	14	their	their	PRON
ajfa-6602	88	15	risk	risk	NOUN
ajfa-6602	88	16	measure	measure	NOUN
ajfa-6602	88	17	.	.	PUNCT
ajfa-6602	89	1	jan	jan	PROPN
ajfa-6602	89	2	and	and	CCONJ
ajfa-6602	89	3	wang	wang	PROPN
ajfa-6602	89	4	(	(	PUNCT
ajfa-6602	89	5	2012	2012	NUM
ajfa-6602	89	6	)	)	PUNCT
ajfa-6602	89	7	use	use	NOUN
ajfa-6602	89	8	of	of	ADP
ajfa-6602	89	9	martingale	martingale	ADJ
ajfa-6602	89	10	variance	variance	NOUN
ajfa-6602	89	11	(	(	PUNCT
ajfa-6602	89	12	mvar	mvar	NOUN
ajfa-6602	89	13	)	)	PUNCT
ajfa-6602	89	14	to	to	PART
ajfa-6602	89	15	measure	measure	VERB
ajfa-6602	89	16	risk	risk	NOUN
ajfa-6602	89	17	.	.	PUNCT
ajfa-6602	90	1	the	the	DET
ajfa-6602	90	2	martingale	martingale	ADJ
ajfa-6602	90	3	variance	variance	NOUN
ajfa-6602	90	4	uses	use	VERB
ajfa-6602	90	5	previous	previous	ADJ
ajfa-6602	90	6	return	return	NOUN
ajfa-6602	90	7	as	as	ADP
ajfa-6602	90	8	benchmark	benchmark	NOUN
ajfa-6602	90	9	,	,	PUNCT
ajfa-6602	90	10	instead	instead	ADV
ajfa-6602	90	11	of	of	ADP
ajfa-6602	90	12	average	average	ADJ
ajfa-6602	90	13	return	return	NOUN
ajfa-6602	90	14	,	,	PUNCT
ajfa-6602	90	15	to	to	PART
ajfa-6602	90	16	compute	compute	VERB
ajfa-6602	90	17	variance	variance	NOUN
ajfa-6602	90	18	.	.	PUNCT
ajfa-6602	91	1	specifically	specifically	ADV
ajfa-6602	91	2	,	,	PUNCT
ajfa-6602	91	3	it	it	PRON
ajfa-6602	91	4	is	be	AUX
ajfa-6602	91	5	calculated	calculate	VERB
ajfa-6602	91	6	as	as	SCONJ
ajfa-6602	91	7	follows	follow	VERB
ajfa-6602	91	8	:	:	PUNCT
ajfa-6602	91	9	)	)	PUNCT
ajfa-6602	91	10	}	}	PUNCT
ajfa-6602	91	11	,	,	PUNCT
ajfa-6602	91	12	(	(	PUNCT
ajfa-6602	91	13	)	)	PUNCT
ajfa-6602	91	14	(	(	PUNCT
ajfa-6602	91	15	2	2	NUM
ajfa-6602	91	16	{	{	NUM
ajfa-6602	91	17	)	)	PUNCT
ajfa-6602	91	18	}	}	PUNCT
ajfa-6602	91	19	)	)	PUNCT
ajfa-6602	91	20	(	(	PUNCT
ajfa-6602	91	21	(	(	PUNCT
ajfa-6602	91	22	)	)	PUNCT
ajfa-6602	91	23	)	)	PUNCT
ajfa-6602	91	24	(	(	PUNCT
ajfa-6602	91	25	r2	r2	PROPN
ajfa-6602	91	26	{	{	PUNCT
ajfa-6602	91	27	(	(	PUNCT
ajfa-6602	91	28	)	)	PUNCT
ajfa-6602	91	29	(	(	PUNCT
ajfa-6602	91	30	)	)	PUNCT
ajfa-6602	91	31	(	(	PUNCT
ajfa-6602	91	32	1	1	NUM
ajfa-6602	91	33	1	1	NUM
ajfa-6602	91	34	2	2	NUM
ajfa-6602	91	35	1	1	NUM
ajfa-6602	91	36	t	t	NOUN
ajfa-6602	91	37	1	1	NUM
ajfa-6602	91	38	t	t	NOUN
ajfa-6602	91	39	22	22	NUM
ajfa-6602	91	40	t	t	NOUN
ajfa-6602	91	41	1	1	NUM
ajfa-6602	91	42	2	2	NUM
ajfa-6602	91	43	1	1	NUM
ajfa-6602	91	44	−	−	NOUN
ajfa-6602	91	45	=	=	SYM
ajfa-6602	91	46	−	−	PROPN
ajfa-6602	91	47	=	=	SYM
ajfa-6602	91	48	=	=	SYM
ajfa-6602	91	49	−	−	PROPN
ajfa-6602	91	50	−=	−=	NOUN
ajfa-6602	91	51	−−−	−−−	PUNCT
ajfa-6602	92	1	=	=	PUNCT
ajfa-6602	92	2	−	−	PROPN
ajfa-6602	93	1	=	=	SYM
ajfa-6602	93	2			DET
ajfa-6602	93	3			X
ajfa-6602	93	4	tt	tt	PROPN
ajfa-6602	93	5	t	t	PROPN
ajfa-6602	93	6	t	t	PROPN
ajfa-6602	93	7	tt	tt	PROPN
ajfa-6602	93	8	t	t	PROPN
ajfa-6602	93	9	t	t	PROPN
ajfa-6602	93	10	tt	tt	PROPN
ajfa-6602	93	11	rrcovrvar	rrcovrvar	PROPN
ajfa-6602	93	12	t	t	PROPN
ajfa-6602	93	13	rerrre	rerrre	PROPN
ajfa-6602	93	14	t	t	PROPN
ajfa-6602	93	15	rr	rr	PROPN
ajfa-6602	93	16	rmvar	rmvar	PROPN
ajfa-6602	94	1	[	[	X
ajfa-6602	94	2	1	1	X
ajfa-6602	94	3	]	]	X
ajfa-6602	94	4	the	the	DET
ajfa-6602	94	5	second	second	ADJ
ajfa-6602	94	6	part	part	NOUN
ajfa-6602	94	7	of	of	ADP
ajfa-6602	94	8	the	the	DET
ajfa-6602	94	9	questionnaire	questionnaire	NOUN
ajfa-6602	94	10	is	be	AUX
ajfa-6602	94	11	designed	design	VERB
ajfa-6602	94	12	to	to	PART
ajfa-6602	94	13	detect	detect	VERB
ajfa-6602	94	14	whether	whether	SCONJ
ajfa-6602	94	15	the	the	DET
ajfa-6602	94	16	investors	investor	NOUN
ajfa-6602	94	17	will	will	AUX
ajfa-6602	94	18	concern	concern	VERB
ajfa-6602	94	19	risk	risk	NOUN
ajfa-6602	94	20	involved	involve	VERB
ajfa-6602	94	21	autocorrelation	autocorrelation	NOUN
ajfa-6602	94	22	of	of	ADP
ajfa-6602	94	23	time	time	NOUN
ajfa-6602	94	24	series	series	PROPN
ajfa-6602	94	25	return	return	NOUN
ajfa-6602	94	26	.	.	PUNCT
ajfa-6602	95	1	i	i	PRON
ajfa-6602	95	2	use	use	VERB
ajfa-6602	95	3	diagram	diagram	NOUN
ajfa-6602	95	4	instead	instead	ADV
ajfa-6602	95	5	of	of	ADP
ajfa-6602	95	6	numeric	numeric	ADJ
ajfa-6602	95	7	rate	rate	NOUN
ajfa-6602	95	8	of	of	ADP
ajfa-6602	95	9	return	return	NOUN
ajfa-6602	95	10	to	to	PART
ajfa-6602	95	11	reflect	reflect	VERB
ajfa-6602	95	12	the	the	DET
ajfa-6602	95	13	time	time	NOUN
ajfa-6602	95	14	series	series	NOUN
ajfa-6602	95	15	pattern	pattern	NOUN
ajfa-6602	95	16	.	.	PUNCT
ajfa-6602	96	1	there	there	PRON
ajfa-6602	96	2	are	be	VERB
ajfa-6602	96	3	three	three	NUM
ajfa-6602	96	4	questions	question	NOUN
ajfa-6602	96	5	in	in	ADP
ajfa-6602	96	6	this	this	DET
ajfa-6602	96	7	part	part	NOUN
ajfa-6602	96	8	.	.	PUNCT
ajfa-6602	97	1	the	the	DET
ajfa-6602	97	2	first	first	ADJ
ajfa-6602	97	3	question	question	NOUN
ajfa-6602	97	4	,	,	PUNCT
ajfa-6602	97	5	which	which	PRON
ajfa-6602	97	6	is	be	AUX
ajfa-6602	97	7	shown	show	VERB
ajfa-6602	97	8	below	below	ADV
ajfa-6602	97	9	,	,	PUNCT
ajfa-6602	97	10	is	be	AUX
ajfa-6602	97	11	designed	design	VERB
ajfa-6602	97	12	to	to	PART
ajfa-6602	97	13	compare	compare	VERB
ajfa-6602	97	14	the	the	DET
ajfa-6602	97	15	traditional	traditional	ADJ
ajfa-6602	97	16	variance	variance	NOUN
ajfa-6602	97	17	and	and	CCONJ
ajfa-6602	97	18	martingale	martingale	ADJ
ajfa-6602	97	19	variance	variance	NOUN
ajfa-6602	97	20	.	.	PUNCT
ajfa-6602	98	1	we	we	PRON
ajfa-6602	98	2	still	still	ADV
ajfa-6602	98	3	use	use	VERB
ajfa-6602	98	4	the	the	DET
ajfa-6602	98	5	likert	likert	ADJ
ajfa-6602	98	6	seven	seven	NUM
ajfa-6602	98	7	point	point	NOUN
ajfa-6602	98	8	scales	scale	NOUN
ajfa-6602	98	9	.	.	PUNCT
ajfa-6602	99	1	q1	q1	PROPN
ajfa-6602	99	2	.	.	PUNCT
ajfa-6602	100	1	the	the	DET
ajfa-6602	100	2	following	follow	VERB
ajfa-6602	100	3	diagrams	diagram	NOUN
ajfa-6602	100	4	show	show	VERB
ajfa-6602	100	5	two	two	NUM
ajfa-6602	100	6	time	time	NOUN
ajfa-6602	100	7	-	-	PUNCT
ajfa-6602	100	8	series	series	NOUN
ajfa-6602	100	9	pattern	pattern	NOUN
ajfa-6602	100	10	of	of	ADP
ajfa-6602	100	11	asset	asset	NOUN
ajfa-6602	100	12	’s	’s	PART
ajfa-6602	100	13	return	return	NOUN
ajfa-6602	100	14	,	,	PUNCT
ajfa-6602	100	15	whose	whose	DET
ajfa-6602	100	16	average	average	ADJ
ajfa-6602	100	17	returns	return	NOUN
ajfa-6602	100	18	equal	equal	ADJ
ajfa-6602	100	19	to	to	ADP
ajfa-6602	100	20	zero	zero	NUM
ajfa-6602	100	21	.	.	PUNCT
ajfa-6602	101	1	which	which	DET
ajfa-6602	101	2	asset	asset	NOUN
ajfa-6602	101	3	do	do	AUX
ajfa-6602	101	4	you	you	PRON
ajfa-6602	101	5	think	think	VERB
ajfa-6602	101	6	more	more	ADV
ajfa-6602	101	7	risky	risky	ADJ
ajfa-6602	101	8	?	?	PUNCT
ajfa-6602	102	1	asian	asian	ADJ
ajfa-6602	102	2	journal	journal	NOUN
ajfa-6602	102	3	of	of	ADP
ajfa-6602	102	4	finance	finance	PROPN
ajfa-6602	102	5	&	&	CCONJ
ajfa-6602	102	6	accounting	accounting	PROPN
ajfa-6602	102	7	issn	issn	PROPN
ajfa-6602	102	8	1946	1946	NUM
ajfa-6602	102	9	-	-	PUNCT
ajfa-6602	102	10	052x	052x	NOUN
ajfa-6602	102	11	2015	2015	NUM
ajfa-6602	102	12	,	,	PUNCT
ajfa-6602	102	13	vol	vol	NOUN
ajfa-6602	102	14	.	.	PROPN
ajfa-6602	102	15	7	7	NUM
ajfa-6602	102	16	,	,	PUNCT
ajfa-6602	102	17	no	no	INTJ
ajfa-6602	102	18	.	.	NOUN
ajfa-6602	102	19	1	1	NUM
ajfa-6602	102	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-6602	102	21	68	68	NUM
ajfa-6602	102	22	choose	choose	VERB
ajfa-6602	102	23	a	a	DET
ajfa-6602	102	24	choose	choose	NOUN
ajfa-6602	102	25	b	b	NOUN
ajfa-6602	102	26	absolutely	absolutely	ADV
ajfa-6602	102	27	always	always	ADV
ajfa-6602	102	28	sometime	sometime	ADJ
ajfa-6602	102	29	indifference	indifference	NOUN
ajfa-6602	102	30	sometime	sometime	ADV
ajfa-6602	102	31	always	always	ADV
ajfa-6602	102	32	absolutely	absolutely	ADV
ajfa-6602	102	33	we	we	PRON
ajfa-6602	102	34	see	see	VERB
ajfa-6602	102	35	that	that	SCONJ
ajfa-6602	102	36	the	the	DET
ajfa-6602	102	37	variance	variance	NOUN
ajfa-6602	102	38	and	and	CCONJ
ajfa-6602	102	39	semivariance	semivariance	NOUN
ajfa-6602	102	40	of	of	ADP
ajfa-6602	102	41	a	a	PRON
ajfa-6602	102	42	and	and	CCONJ
ajfa-6602	102	43	b	b	NOUN
ajfa-6602	102	44	are	be	AUX
ajfa-6602	102	45	same	same	ADJ
ajfa-6602	102	46	.	.	PUNCT
ajfa-6602	103	1	however	however	ADV
ajfa-6602	103	2	,	,	PUNCT
ajfa-6602	103	3	the	the	DET
ajfa-6602	103	4	martingale	martingale	ADJ
ajfa-6602	103	5	variance	variance	NOUN
ajfa-6602	103	6	of	of	ADP
ajfa-6602	103	7	asset	asset	NOUN
ajfa-6602	103	8	b	b	PROPN
ajfa-6602	103	9	is	be	AUX
ajfa-6602	103	10	higher	high	ADJ
ajfa-6602	103	11	than	than	ADP
ajfa-6602	103	12	that	that	PRON
ajfa-6602	103	13	of	of	ADP
ajfa-6602	103	14	asset	asset	NOUN
ajfa-6602	103	15	a.	a.	NOUN
ajfa-6602	103	16	that	that	PRON
ajfa-6602	103	17	is	be	AUX
ajfa-6602	103	18	because	because	SCONJ
ajfa-6602	103	19	the	the	DET
ajfa-6602	103	20	autocorrelation	autocorrelation	NOUN
ajfa-6602	103	21	feature	feature	NOUN
ajfa-6602	103	22	has	have	AUX
ajfa-6602	103	23	been	be	AUX
ajfa-6602	103	24	included	include	VERB
ajfa-6602	103	25	in	in	ADP
ajfa-6602	103	26	the	the	DET
ajfa-6602	103	27	calculation	calculation	NOUN
ajfa-6602	103	28	of	of	ADP
ajfa-6602	103	29	martingale	martingale	ADJ
ajfa-6602	103	30	variance	variance	NOUN
ajfa-6602	103	31	.	.	PUNCT
ajfa-6602	104	1	the	the	DET
ajfa-6602	104	2	second	second	ADJ
ajfa-6602	104	3	question	question	NOUN
ajfa-6602	104	4	lets	let	VERB
ajfa-6602	104	5	the	the	DET
ajfa-6602	104	6	respondent	respondent	NOUN
ajfa-6602	104	7	to	to	PART
ajfa-6602	104	8	choose	choose	VERB
ajfa-6602	104	9	either	either	PRON
ajfa-6602	104	10	martingale	martingale	ADJ
ajfa-6602	104	11	variance	variance	NOUN
ajfa-6602	104	12	or	or	CCONJ
ajfa-6602	104	13	martingale	martingale	ADJ
ajfa-6602	104	14	semivariance	semivariance	NOUN
ajfa-6602	104	15	.	.	PUNCT
ajfa-6602	105	1	the	the	DET
ajfa-6602	105	2	martingale	martingale	ADJ
ajfa-6602	105	3	semivariance	semivariance	NOUN
ajfa-6602	105	4	(	(	PUNCT
ajfa-6602	105	5	msvar	msvar	NOUN
ajfa-6602	105	6	)	)	PUNCT
ajfa-6602	105	7	is	be	AUX
ajfa-6602	105	8	similar	similar	ADJ
ajfa-6602	105	9	to	to	ADP
ajfa-6602	105	10	the	the	DET
ajfa-6602	105	11	relative	relative	ADJ
ajfa-6602	105	12	semivariance	semivariance	NOUN
ajfa-6602	105	13	.	.	PUNCT
ajfa-6602	106	1	nevertheless	nevertheless	ADV
ajfa-6602	106	2	,	,	PUNCT
ajfa-6602	106	3	the	the	DET
ajfa-6602	106	4	martingale	martingale	ADJ
ajfa-6602	106	5	semivariance	semivariance	NOUN
ajfa-6602	106	6	,	,	PUNCT
ajfa-6602	106	7	which	which	PRON
ajfa-6602	106	8	is	be	AUX
ajfa-6602	106	9	shown	show	VERB
ajfa-6602	106	10	as	as	ADP
ajfa-6602	106	11	below	below	ADV
ajfa-6602	106	12	,	,	PUNCT
ajfa-6602	106	13	applies	apply	VERB
ajfa-6602	106	14	past	past	ADJ
ajfa-6602	106	15	return	return	NOUN
ajfa-6602	106	16	as	as	ADP
ajfa-6602	106	17	the	the	DET
ajfa-6602	106	18	time	time	NOUN
ajfa-6602	106	19	-	-	PUNCT
ajfa-6602	106	20	varying	vary	VERB
ajfa-6602	106	21	return	return	NOUN
ajfa-6602	106	22	benchmark	benchmark	NOUN
ajfa-6602	106	23	.	.	PUNCT
ajfa-6602	107	1	t	t	PROPN
ajfa-6602	107	2	rrmin	rrmin	PROPN
ajfa-6602	107	3	rmsvar	rmsvar	PROPN
ajfa-6602	107	4	t	t	PROPN
ajfa-6602	107	5	t	t	PROPN
ajfa-6602	107	6	tt	tt	NOUN
ajfa-6602	107	7	=	=	SYM
ajfa-6602	107	8	−−	−−	NOUN
ajfa-6602	107	9	=	=	SYM
ajfa-6602	107	10	1	1	NUM
ajfa-6602	107	11	2	2	NUM
ajfa-6602	107	12	1)},0	1)},0	NUM
ajfa-6602	107	13	(	(	PUNCT
ajfa-6602	107	14	{	{	PUNCT
ajfa-6602	107	15	)	)	PUNCT
ajfa-6602	107	16	(	(	PUNCT
ajfa-6602	107	17	[	[	X
ajfa-6602	107	18	2	2	NUM
ajfa-6602	107	19	]	]	X
ajfa-6602	107	20	q2	q2	NOUN
ajfa-6602	107	21	.	.	PUNCT
ajfa-6602	108	1	the	the	DET
ajfa-6602	108	2	following	follow	VERB
ajfa-6602	108	3	diagrams	diagram	NOUN
ajfa-6602	108	4	show	show	VERB
ajfa-6602	108	5	two	two	NUM
ajfa-6602	108	6	time	time	NOUN
ajfa-6602	108	7	-	-	PUNCT
ajfa-6602	108	8	series	series	NOUN
ajfa-6602	108	9	pattern	pattern	NOUN
ajfa-6602	108	10	of	of	ADP
ajfa-6602	108	11	asset	asset	NOUN
ajfa-6602	108	12	’s	’s	PART
ajfa-6602	108	13	return	return	NOUN
ajfa-6602	108	14	,	,	PUNCT
ajfa-6602	108	15	whose	whose	DET
ajfa-6602	108	16	average	average	ADJ
ajfa-6602	108	17	returns	return	NOUN
ajfa-6602	108	18	equal	equal	ADJ
ajfa-6602	108	19	to	to	ADP
ajfa-6602	108	20	zero	zero	NUM
ajfa-6602	108	21	.	.	PUNCT
ajfa-6602	109	1	which	which	DET
ajfa-6602	109	2	asset	asset	NOUN
ajfa-6602	109	3	do	do	AUX
ajfa-6602	109	4	you	you	PRON
ajfa-6602	109	5	think	think	VERB
ajfa-6602	109	6	more	more	ADV
ajfa-6602	109	7	risky	risky	ADJ
ajfa-6602	109	8	?	?	PUNCT
ajfa-6602	110	1	the	the	DET
ajfa-6602	110	2	time	time	NOUN
ajfa-6602	110	3	series	series	PROPN
ajfa-6602	110	4	return	return	NOUN
ajfa-6602	110	5	of	of	ADP
ajfa-6602	110	6	asset	asset	NOUN
ajfa-6602	110	7	c	c	NOUN
ajfa-6602	110	8	is	be	AUX
ajfa-6602	110	9	growing	grow	VERB
ajfa-6602	110	10	,	,	PUNCT
ajfa-6602	110	11	while	while	SCONJ
ajfa-6602	110	12	asset	asset	NOUN
ajfa-6602	110	13	d	d	NOUN
ajfa-6602	110	14	is	be	AUX
ajfa-6602	110	15	downward	downward	ADJ
ajfa-6602	110	16	.	.	PUNCT
ajfa-6602	111	1	however	however	ADV
ajfa-6602	111	2	,	,	PUNCT
ajfa-6602	111	3	the	the	DET
ajfa-6602	111	4	variance	variance	NOUN
ajfa-6602	111	5	,	,	PUNCT
ajfa-6602	111	6	semivariance	semivariance	NOUN
ajfa-6602	111	7	,	,	PUNCT
ajfa-6602	111	8	and	and	CCONJ
ajfa-6602	111	9	martingale	martingale	NUM
ajfa-6602	111	10	variance	variance	NOUN
ajfa-6602	111	11	of	of	ADP
ajfa-6602	111	12	c	c	PROPN
ajfa-6602	111	13	are	be	AUX
ajfa-6602	111	14	the	the	DET
ajfa-6602	111	15	same	same	ADJ
ajfa-6602	111	16	as	as	ADP
ajfa-6602	111	17	those	those	PRON
ajfa-6602	111	18	of	of	ADP
ajfa-6602	111	19	d.	d.	PROPN
ajfa-6602	111	20	nevertheless	nevertheless	ADV
ajfa-6602	111	21	,	,	PUNCT
ajfa-6602	111	22	the	the	DET
ajfa-6602	111	23	martingale	martingale	ADJ
ajfa-6602	111	24	semivariance	semivariance	NOUN
ajfa-6602	111	25	of	of	ADP
ajfa-6602	111	26	d	d	PROPN
ajfa-6602	111	27	is	be	AUX
ajfa-6602	111	28	larger	large	ADJ
ajfa-6602	111	29	than	than	ADP
ajfa-6602	111	30	that	that	PRON
ajfa-6602	111	31	of	of	ADP
ajfa-6602	111	32	c.	c.	PROPN
ajfa-6602	112	1	a	a	DET
ajfa-6602	112	2	-0.08	-0.08	NUM
ajfa-6602	112	3	-0.06	-0.06	NUM
ajfa-6602	112	4	-0.04	-0.04	NUM
ajfa-6602	112	5	-0.02	-0.02	NUM
ajfa-6602	112	6	0	0	NUM
ajfa-6602	112	7	0.02	0.02	NUM
ajfa-6602	112	8	0.04	0.04	NUM
ajfa-6602	112	9	0.06	0.06	NUM
ajfa-6602	112	10	0.08	0.08	NUM
ajfa-6602	112	11	b	b	NOUN
ajfa-6602	112	12	-0.08	-0.08	NUM
ajfa-6602	112	13	-0.06	-0.06	NUM
ajfa-6602	112	14	-0.04	-0.04	NUM
ajfa-6602	112	15	-0.02	-0.02	NUM
ajfa-6602	112	16	0	0	NUM
ajfa-6602	112	17	0.02	0.02	NUM
ajfa-6602	112	18	0.04	0.04	NUM
ajfa-6602	112	19	0.06	0.06	NUM
ajfa-6602	112	20	0.08	0.08	NUM
ajfa-6602	112	21	c	c	NOUN
ajfa-6602	112	22	-0.08	-0.08	NUM
ajfa-6602	112	23	-0.06	-0.06	NUM
ajfa-6602	112	24	-0.04	-0.04	NUM
ajfa-6602	112	25	-0.02	-0.02	NUM
ajfa-6602	112	26	0	0	NUM
ajfa-6602	112	27	0.02	0.02	NUM
ajfa-6602	112	28	0.04	0.04	NUM
ajfa-6602	112	29	0.06	0.06	NUM
ajfa-6602	112	30	0.08	0.08	NUM
ajfa-6602	112	31	d	d	NOUN
ajfa-6602	112	32	-0.08	-0.08	NUM
ajfa-6602	112	33	-0.06	-0.06	NUM
ajfa-6602	112	34	-0.04	-0.04	NUM
ajfa-6602	112	35	-0.02	-0.02	NUM
ajfa-6602	112	36	0	0	NUM
ajfa-6602	112	37	0.02	0.02	NUM
ajfa-6602	112	38	0.04	0.04	NUM
ajfa-6602	112	39	0.06	0.06	NUM
ajfa-6602	112	40	0.08	0.08	NUM
ajfa-6602	112	41	asian	asian	ADJ
ajfa-6602	112	42	journal	journal	NOUN
ajfa-6602	112	43	of	of	ADP
ajfa-6602	112	44	finance	finance	PROPN
ajfa-6602	112	45	&	&	CCONJ
ajfa-6602	112	46	accounting	accounting	PROPN
ajfa-6602	112	47	issn	issn	PROPN
ajfa-6602	112	48	1946	1946	NUM
ajfa-6602	112	49	-	-	PUNCT
ajfa-6602	112	50	052x	052x	NOUN
ajfa-6602	112	51	2015	2015	NUM
ajfa-6602	112	52	,	,	PUNCT
ajfa-6602	112	53	vol	vol	NOUN
ajfa-6602	112	54	.	.	PROPN
ajfa-6602	112	55	7	7	NUM
ajfa-6602	112	56	,	,	PUNCT
ajfa-6602	112	57	no	no	INTJ
ajfa-6602	112	58	.	.	NOUN
ajfa-6602	112	59	1	1	NUM
ajfa-6602	112	60	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-6602	112	61	69	69	NUM
ajfa-6602	112	62	the	the	DET
ajfa-6602	112	63	martingale	martingale	ADJ
ajfa-6602	112	64	semivariance	semivariance	NOUN
ajfa-6602	112	65	ca	can	AUX
ajfa-6602	112	66	n’t	not	PART
ajfa-6602	112	67	distinguish	distinguish	VERB
ajfa-6602	112	68	between	between	ADP
ajfa-6602	112	69	the	the	DET
ajfa-6602	112	70	assets	asset	NOUN
ajfa-6602	112	71	whose	whose	DET
ajfa-6602	112	72	return	return	NOUN
ajfa-6602	112	73	rising	rise	VERB
ajfa-6602	112	74	firstly	firstly	ADV
ajfa-6602	112	75	and	and	CCONJ
ajfa-6602	112	76	then	then	ADV
ajfa-6602	112	77	declining	decline	VERB
ajfa-6602	112	78	,	,	PUNCT
ajfa-6602	112	79	and	and	CCONJ
ajfa-6602	112	80	the	the	DET
ajfa-6602	112	81	assets	asset	NOUN
ajfa-6602	112	82	whose	whose	DET
ajfa-6602	112	83	return	return	NOUN
ajfa-6602	112	84	declining	decline	VERB
ajfa-6602	112	85	firstly	firstly	ADV
ajfa-6602	112	86	and	and	CCONJ
ajfa-6602	112	87	then	then	ADV
ajfa-6602	112	88	rising	rise	VERB
ajfa-6602	112	89	.	.	PUNCT
ajfa-6602	113	1	however	however	ADV
ajfa-6602	113	2	,	,	PUNCT
ajfa-6602	113	3	the	the	DET
ajfa-6602	113	4	investors	investor	NOUN
ajfa-6602	113	5	may	may	AUX
ajfa-6602	113	6	not	not	PART
ajfa-6602	113	7	be	be	AUX
ajfa-6602	113	8	indifference	indifference	NOUN
ajfa-6602	113	9	between	between	ADP
ajfa-6602	113	10	these	these	DET
ajfa-6602	113	11	two	two	NUM
ajfa-6602	113	12	time	time	NOUN
ajfa-6602	113	13	series	series	PROPN
ajfa-6602	113	14	return	return	NOUN
ajfa-6602	113	15	pattern	pattern	NOUN
ajfa-6602	113	16	.	.	PUNCT
ajfa-6602	114	1	we	we	PRON
ajfa-6602	114	2	design	design	VERB
ajfa-6602	114	3	third	third	ADJ
ajfa-6602	114	4	question	question	NOUN
ajfa-6602	114	5	as	as	SCONJ
ajfa-6602	114	6	follows	follow	VERB
ajfa-6602	114	7	.	.	PUNCT
ajfa-6602	115	1	q3	q3	PROPN
ajfa-6602	115	2	.	.	PUNCT
ajfa-6602	116	1	the	the	DET
ajfa-6602	116	2	following	follow	VERB
ajfa-6602	116	3	diagrams	diagram	NOUN
ajfa-6602	116	4	show	show	VERB
ajfa-6602	116	5	two	two	NUM
ajfa-6602	116	6	time	time	NOUN
ajfa-6602	116	7	-	-	PUNCT
ajfa-6602	116	8	series	series	NOUN
ajfa-6602	116	9	pattern	pattern	NOUN
ajfa-6602	116	10	of	of	ADP
ajfa-6602	116	11	asset	asset	NOUN
ajfa-6602	116	12	’s	’s	PART
ajfa-6602	116	13	return	return	NOUN
ajfa-6602	116	14	,	,	PUNCT
ajfa-6602	116	15	whose	whose	DET
ajfa-6602	116	16	average	average	ADJ
ajfa-6602	116	17	returns	return	NOUN
ajfa-6602	116	18	equal	equal	ADJ
ajfa-6602	116	19	to	to	ADP
ajfa-6602	116	20	zero	zero	NUM
ajfa-6602	116	21	.	.	PUNCT
ajfa-6602	117	1	which	which	DET
ajfa-6602	117	2	asset	asset	NOUN
ajfa-6602	117	3	do	do	AUX
ajfa-6602	117	4	you	you	PRON
ajfa-6602	117	5	think	think	VERB
ajfa-6602	117	6	more	more	ADV
ajfa-6602	117	7	risky	risky	ADJ
ajfa-6602	117	8	?	?	PUNCT
ajfa-6602	118	1	we	we	PRON
ajfa-6602	118	2	can	can	AUX
ajfa-6602	118	3	see	see	VERB
ajfa-6602	118	4	that	that	SCONJ
ajfa-6602	118	5	the	the	DET
ajfa-6602	118	6	assets	asset	NOUN
ajfa-6602	118	7	e	e	PROPN
ajfa-6602	118	8	and	and	CCONJ
ajfa-6602	118	9	f	f	PROPN
ajfa-6602	118	10	have	have	VERB
ajfa-6602	118	11	the	the	DET
ajfa-6602	118	12	same	same	ADJ
ajfa-6602	118	13	measures	measure	NOUN
ajfa-6602	118	14	of	of	ADP
ajfa-6602	118	15	variance	variance	NOUN
ajfa-6602	118	16	,	,	PUNCT
ajfa-6602	118	17	semivariance	semivariance	NOUN
ajfa-6602	118	18	,	,	PUNCT
ajfa-6602	118	19	martingale	martingale	ADJ
ajfa-6602	118	20	variance	variance	NOUN
ajfa-6602	118	21	,	,	PUNCT
ajfa-6602	118	22	and	and	CCONJ
ajfa-6602	118	23	martingale	martingale	ADJ
ajfa-6602	118	24	seimivariance	seimivariance	NOUN
ajfa-6602	118	25	.	.	PUNCT
ajfa-6602	119	1	to	to	PART
ajfa-6602	119	2	separate	separate	VERB
ajfa-6602	119	3	these	these	DET
ajfa-6602	119	4	two	two	NUM
ajfa-6602	119	5	return	return	NOUN
ajfa-6602	119	6	pattern	pattern	NOUN
ajfa-6602	119	7	by	by	ADP
ajfa-6602	119	8	risk	risk	NOUN
ajfa-6602	119	9	measure	measure	NOUN
ajfa-6602	119	10	,	,	PUNCT
ajfa-6602	119	11	jan	jan	PROPN
ajfa-6602	119	12	(	(	PUNCT
ajfa-6602	119	13	2014	2014	NUM
ajfa-6602	119	14	)	)	PUNCT
ajfa-6602	119	15	propose	propose	VERB
ajfa-6602	119	16	a	a	DET
ajfa-6602	119	17	weighted	weight	VERB
ajfa-6602	119	18	martingale	martingale	ADJ
ajfa-6602	119	19	semivariance	semivariance	NOUN
ajfa-6602	119	20	(	(	PUNCT
ajfa-6602	119	21	wmsvar	wmsvar	NOUN
ajfa-6602	119	22	)	)	PUNCT
ajfa-6602	119	23	,	,	PUNCT
ajfa-6602	119	24	which	which	PRON
ajfa-6602	119	25	is	be	AUX
ajfa-6602	119	26	reached	reach	VERB
ajfa-6602	119	27	by	by	ADP
ajfa-6602	119	28	the	the	DET
ajfa-6602	119	29	combination	combination	NOUN
ajfa-6602	119	30	of	of	ADP
ajfa-6602	119	31	the	the	DET
ajfa-6602	119	32	martingale	martingale	ADJ
ajfa-6602	119	33	semivariance	semivariance	NOUN
ajfa-6602	119	34	and	and	CCONJ
ajfa-6602	119	35	the	the	DET
ajfa-6602	119	36	use	use	NOUN
ajfa-6602	119	37	of	of	ADP
ajfa-6602	119	38	weighted	weight	VERB
ajfa-6602	119	39	average	average	ADJ
ajfa-6602	119	40	method	method	NOUN
ajfa-6602	119	41	.	.	PUNCT
ajfa-6602	120	1	when	when	SCONJ
ajfa-6602	120	2	we	we	PRON
ajfa-6602	120	3	put	put	VERB
ajfa-6602	120	4	more	more	ADJ
ajfa-6602	120	5	weights	weight	NOUN
ajfa-6602	120	6	to	to	ADP
ajfa-6602	120	7	the	the	DET
ajfa-6602	120	8	recent	recent	ADJ
ajfa-6602	120	9	return	return	NOUN
ajfa-6602	120	10	variations	variation	NOUN
ajfa-6602	120	11	,	,	PUNCT
ajfa-6602	120	12	the	the	DET
ajfa-6602	120	13	weighted	weight	VERB
ajfa-6602	120	14	martingale	martingale	ADJ
ajfa-6602	120	15	semivariance	semivariance	NOUN
ajfa-6602	120	16	of	of	ADP
ajfa-6602	120	17	e	e	PROPN
ajfa-6602	120	18	would	would	AUX
ajfa-6602	120	19	be	be	AUX
ajfa-6602	120	20	larger	large	ADJ
ajfa-6602	120	21	than	than	ADP
ajfa-6602	120	22	that	that	PRON
ajfa-6602	120	23	of	of	ADP
ajfa-6602	120	24	f.	f.	PROPN
ajfa-6602	120	25	that	that	PRON
ajfa-6602	120	26	is	be	AUX
ajfa-6602	120	27	,	,	PUNCT
ajfa-6602	120	28			X
ajfa-6602	120	29	=	=	PUNCT
ajfa-6602	121	1	−−=	−−=	PRON
ajfa-6602	121	2	t	t	PROPN
ajfa-6602	121	3	t	t	PROPN
ajfa-6602	121	4	ttt	ttt	PROPN
ajfa-6602	121	5	rrminwrwmsvar	rrminwrwmsvar	PROPN
ajfa-6602	121	6	1	1	NUM
ajfa-6602	121	7	2	2	NUM
ajfa-6602	121	8	1	1	NUM
ajfa-6602	121	9	)	)	PUNCT
ajfa-6602	121	10	}	}	PUNCT
ajfa-6602	121	11	,	,	PUNCT
ajfa-6602	121	12	0	0	NUM
ajfa-6602	121	13	(	(	PUNCT
ajfa-6602	121	14	{	{	PUNCT
ajfa-6602	121	15	)	)	PUNCT
ajfa-6602	121	16	(	(	PUNCT
ajfa-6602	121	17	[	[	X
ajfa-6602	121	18	3	3	X
ajfa-6602	121	19	]	]	PUNCT
ajfa-6602	121	20	the	the	DET
ajfa-6602	121	21	respondent	respondent	NOUN
ajfa-6602	121	22	’s	’s	PART
ajfa-6602	121	23	characteristics	characteristic	NOUN
ajfa-6602	121	24	are	be	AUX
ajfa-6602	121	25	put	put	VERB
ajfa-6602	121	26	in	in	ADP
ajfa-6602	121	27	the	the	DET
ajfa-6602	121	28	final	final	ADJ
ajfa-6602	121	29	part	part	NOUN
ajfa-6602	121	30	,	,	PUNCT
ajfa-6602	121	31	including	include	VERB
ajfa-6602	121	32	gender	gender	NOUN
ajfa-6602	121	33	,	,	PUNCT
ajfa-6602	121	34	whether	whether	SCONJ
ajfa-6602	121	35	diversified	diversified	ADJ
ajfa-6602	121	36	investing	investing	NOUN
ajfa-6602	121	37	,	,	PUNCT
ajfa-6602	121	38	and	and	CCONJ
ajfa-6602	121	39	benchmark	benchmark	NOUN
ajfa-6602	121	40	setting	setting	NOUN
ajfa-6602	121	41	.	.	PUNCT
ajfa-6602	122	1	we	we	PRON
ajfa-6602	122	2	also	also	ADV
ajfa-6602	122	3	design	design	VERB
ajfa-6602	122	4	two	two	NUM
ajfa-6602	122	5	questions	question	NOUN
ajfa-6602	122	6	to	to	PART
ajfa-6602	122	7	examine	examine	VERB
ajfa-6602	122	8	internal	internal	ADJ
ajfa-6602	122	9	consistency	consistency	NOUN
ajfa-6602	122	10	in	in	ADP
ajfa-6602	122	11	the	the	DET
ajfa-6602	122	12	last	last	ADJ
ajfa-6602	122	13	two	two	NUM
ajfa-6602	122	14	questions	question	NOUN
ajfa-6602	122	15	.	.	PUNCT
ajfa-6602	123	1	the	the	DET
ajfa-6602	123	2	questionnaire	questionnaire	NOUN
ajfa-6602	123	3	of	of	ADP
ajfa-6602	123	4	the	the	DET
ajfa-6602	123	5	respondent	respondent	NOUN
ajfa-6602	123	6	’s	’s	PART
ajfa-6602	123	7	characteristics	characteristic	NOUN
ajfa-6602	123	8	can	can	AUX
ajfa-6602	123	9	be	be	AUX
ajfa-6602	123	10	found	find	VERB
ajfa-6602	123	11	in	in	ADP
ajfa-6602	123	12	appendix	appendix	NOUN
ajfa-6602	123	13	.	.	PUNCT
ajfa-6602	124	1	gender	gender	NOUN
ajfa-6602	124	2	differences	difference	NOUN
ajfa-6602	124	3	in	in	ADP
ajfa-6602	124	4	risk	risk	NOUN
ajfa-6602	124	5	propensity	propensity	NOUN
ajfa-6602	124	6	and	and	CCONJ
ajfa-6602	124	7	strategy	strategy	NOUN
ajfa-6602	124	8	in	in	ADP
ajfa-6602	124	9	financial	financial	ADJ
ajfa-6602	124	10	decision	decision	NOUN
ajfa-6602	124	11	-	-	PUNCT
ajfa-6602	124	12	making	making	NOUN
ajfa-6602	124	13	have	have	AUX
ajfa-6602	124	14	been	be	AUX
ajfa-6602	124	15	well	well	ADV
ajfa-6602	124	16	studied	study	VERB
ajfa-6602	124	17	.	.	PUNCT
ajfa-6602	125	1	see	see	VERB
ajfa-6602	125	2	weber	weber	PROPN
ajfa-6602	125	3	,	,	PUNCT
ajfa-6602	125	4	blais	blais	PROPN
ajfa-6602	125	5	,	,	PUNCT
ajfa-6602	125	6	and	and	CCONJ
ajfa-6602	125	7	betz	betz	PROPN
ajfa-6602	125	8	(	(	PUNCT
ajfa-6602	125	9	2002	2002	NUM
ajfa-6602	125	10	)	)	PUNCT
ajfa-6602	125	11	,	,	PUNCT
ajfa-6602	125	12	and	and	CCONJ
ajfa-6602	125	13	fellner	fellner	NOUN
ajfa-6602	125	14	and	and	CCONJ
ajfa-6602	125	15	maciejovsky	maciejovsky	ADJ
ajfa-6602	125	16	(	(	PUNCT
ajfa-6602	125	17	2007	2007	NUM
ajfa-6602	125	18	)	)	PUNCT
ajfa-6602	125	19	for	for	ADP
ajfa-6602	125	20	example	example	NOUN
ajfa-6602	125	21	.	.	PUNCT
ajfa-6602	126	1	their	their	PRON
ajfa-6602	126	2	results	result	NOUN
ajfa-6602	126	3	show	show	VERB
ajfa-6602	126	4	that	that	SCONJ
ajfa-6602	126	5	females	female	NOUN
ajfa-6602	126	6	are	be	AUX
ajfa-6602	126	7	more	more	ADJ
ajfa-6602	126	8	risk	risk	NOUN
ajfa-6602	126	9	-	-	PUNCT
ajfa-6602	126	10	averse	averse	ADJ
ajfa-6602	126	11	than	than	ADP
ajfa-6602	126	12	males	male	NOUN
ajfa-6602	126	13	.	.	PUNCT
ajfa-6602	127	1	we	we	PRON
ajfa-6602	127	2	want	want	VERB
ajfa-6602	127	3	to	to	PART
ajfa-6602	127	4	see	see	VERB
ajfa-6602	127	5	whether	whether	SCONJ
ajfa-6602	127	6	the	the	DET
ajfa-6602	127	7	results	result	NOUN
ajfa-6602	127	8	also	also	ADV
ajfa-6602	127	9	exist	exist	VERB
ajfa-6602	127	10	in	in	ADP
ajfa-6602	127	11	taiwan	taiwan	PROPN
ajfa-6602	127	12	financial	financial	ADJ
ajfa-6602	127	13	market	market	NOUN
ajfa-6602	127	14	.	.	PUNCT
ajfa-6602	128	1	to	to	PART
ajfa-6602	128	2	improve	improve	VERB
ajfa-6602	128	3	reliability	reliability	NOUN
ajfa-6602	128	4	of	of	ADP
ajfa-6602	128	5	the	the	DET
ajfa-6602	128	6	study	study	NOUN
ajfa-6602	128	7	,	,	PUNCT
ajfa-6602	128	8	we	we	PRON
ajfa-6602	128	9	need	need	VERB
ajfa-6602	128	10	respondents	respondent	NOUN
ajfa-6602	128	11	to	to	PART
ajfa-6602	128	12	be	be	AUX
ajfa-6602	128	13	familiar	familiar	ADJ
ajfa-6602	128	14	with	with	ADP
ajfa-6602	128	15	risk	risk	NOUN
ajfa-6602	128	16	measurement	measurement	NOUN
ajfa-6602	128	17	.	.	PUNCT
ajfa-6602	129	1	therefore	therefore	ADV
ajfa-6602	129	2	,	,	PUNCT
ajfa-6602	129	3	the	the	DET
ajfa-6602	129	4	respondents	respondent	NOUN
ajfa-6602	129	5	are	be	AUX
ajfa-6602	129	6	college	college	NOUN
ajfa-6602	129	7	students	student	NOUN
ajfa-6602	129	8	which	which	PRON
ajfa-6602	129	9	major	major	ADJ
ajfa-6602	129	10	in	in	ADP
ajfa-6602	129	11	finance	finance	NOUN
ajfa-6602	129	12	.	.	PUNCT
ajfa-6602	130	1	specifically	specifically	ADV
ajfa-6602	130	2	,	,	PUNCT
ajfa-6602	130	3	all	all	PRON
ajfa-6602	130	4	of	of	ADP
ajfa-6602	130	5	the	the	DET
ajfa-6602	130	6	191	191	NUM
ajfa-6602	130	7	respondents	respondent	NOUN
ajfa-6602	130	8	come	come	VERB
ajfa-6602	130	9	from	from	ADP
ajfa-6602	130	10	department	department	NOUN
ajfa-6602	130	11	of	of	ADP
ajfa-6602	130	12	finance	finance	NOUN
ajfa-6602	130	13	and	and	CCONJ
ajfa-6602	130	14	department	department	NOUN
ajfa-6602	130	15	of	of	ADP
ajfa-6602	130	16	finance	finance	NOUN
ajfa-6602	130	17	and	and	CCONJ
ajfa-6602	130	18	insurance	insurance	NOUN
ajfa-6602	130	19	in	in	ADP
ajfa-6602	130	20	national	national	PROPN
ajfa-6602	130	21	taichung	taichung	PROPN
ajfa-6602	130	22	university	university	PROPN
ajfa-6602	130	23	of	of	ADP
ajfa-6602	130	24	science	science	NOUN
ajfa-6602	130	25	and	and	CCONJ
ajfa-6602	130	26	technology	technology	NOUN
ajfa-6602	130	27	.	.	PUNCT
ajfa-6602	131	1	4	4	X
ajfa-6602	131	2	.	.	NOUN
ajfa-6602	131	3	results	result	NOUN
ajfa-6602	131	4	table	table	VERB
ajfa-6602	131	5	1	1	NUM
ajfa-6602	131	6	exhibits	exhibit	VERB
ajfa-6602	131	7	summary	summary	NOUN
ajfa-6602	131	8	statistics	statistic	NOUN
ajfa-6602	131	9	for	for	ADP
ajfa-6602	131	10	the	the	DET
ajfa-6602	131	11	respondents	respondent	NOUN
ajfa-6602	131	12	’	’	PART
ajfa-6602	131	13	characteristics	characteristic	NOUN
ajfa-6602	131	14	.	.	PUNCT
ajfa-6602	132	1	there	there	PRON
ajfa-6602	132	2	are	be	VERB
ajfa-6602	132	3	120	120	NUM
ajfa-6602	132	4	respondents	respondent	NOUN
ajfa-6602	132	5	are	be	AUX
ajfa-6602	132	6	female	female	ADJ
ajfa-6602	132	7	,	,	PUNCT
ajfa-6602	132	8	which	which	PRON
ajfa-6602	132	9	is	be	AUX
ajfa-6602	132	10	63	63	NUM
ajfa-6602	132	11	%	%	NOUN
ajfa-6602	132	12	of	of	ADP
ajfa-6602	132	13	the	the	DET
ajfa-6602	132	14	191	191	NUM
ajfa-6602	132	15	samples	sample	NOUN
ajfa-6602	132	16	.	.	PUNCT
ajfa-6602	133	1	most	most	ADJ
ajfa-6602	133	2	investors	investor	NOUN
ajfa-6602	133	3	consider	consider	VERB
ajfa-6602	133	4	diversified	diversified	ADJ
ajfa-6602	133	5	portfolio	portfolio	NOUN
ajfa-6602	133	6	when	when	SCONJ
ajfa-6602	133	7	investing	invest	VERB
ajfa-6602	133	8	.	.	PUNCT
ajfa-6602	134	1	only	only	ADV
ajfa-6602	134	2	2	2	NUM
ajfa-6602	134	3	%	%	NOUN
ajfa-6602	134	4	of	of	ADP
ajfa-6602	134	5	the	the	DET
ajfa-6602	134	6	investors	investor	NOUN
ajfa-6602	134	7	do	do	AUX
ajfa-6602	134	8	n’t	not	PART
ajfa-6602	134	9	diversify	diversify	VERB
ajfa-6602	134	10	.	.	PUNCT
ajfa-6602	135	1	the	the	DET
ajfa-6602	135	2	most	most	ADV
ajfa-6602	135	3	benchmark	benchmark	ADJ
ajfa-6602	135	4	e	e	NOUN
ajfa-6602	135	5	-0.08	-0.08	NUM
ajfa-6602	135	6	-0.06	-0.06	NUM
ajfa-6602	135	7	-0.04	-0.04	NUM
ajfa-6602	135	8	-0.02	-0.02	NUM
ajfa-6602	135	9	0	0	NUM
ajfa-6602	135	10	0.02	0.02	NUM
ajfa-6602	135	11	0.04	0.04	NUM
ajfa-6602	135	12	0.06	0.06	NUM
ajfa-6602	135	13	0.08	0.08	NUM
ajfa-6602	135	14	1	1	NUM
ajfa-6602	135	15	3	3	NUM
ajfa-6602	135	16	5	5	NUM
ajfa-6602	135	17	7	7	NUM
ajfa-6602	135	18	9	9	NUM
ajfa-6602	135	19	11	11	NUM
ajfa-6602	135	20	13	13	NUM
ajfa-6602	135	21	15	15	NUM
ajfa-6602	135	22	17	17	NUM
ajfa-6602	135	23	19	19	NUM
ajfa-6602	135	24	21	21	NUM
ajfa-6602	135	25	23	23	NUM
ajfa-6602	135	26	25	25	NUM
ajfa-6602	135	27	27	27	NUM
ajfa-6602	135	28	29	29	NUM
ajfa-6602	135	29	f	f	NOUN
ajfa-6602	135	30	-0.08	-0.08	NUM
ajfa-6602	135	31	-0.06	-0.06	NUM
ajfa-6602	135	32	-0.04	-0.04	NUM
ajfa-6602	135	33	-0.02	-0.02	NUM
ajfa-6602	135	34	0	0	NUM
ajfa-6602	135	35	0.02	0.02	NUM
ajfa-6602	135	36	0.04	0.04	NUM
ajfa-6602	135	37	0.06	0.06	NUM
ajfa-6602	135	38	0.08	0.08	NUM
ajfa-6602	135	39	1	1	NUM
ajfa-6602	135	40	3	3	NUM
ajfa-6602	135	41	5	5	NUM
ajfa-6602	135	42	7	7	NUM
ajfa-6602	135	43	9	9	NUM
ajfa-6602	135	44	11	11	NUM
ajfa-6602	135	45	13	13	NUM
ajfa-6602	135	46	15	15	NUM
ajfa-6602	135	47	17	17	NUM
ajfa-6602	135	48	19	19	NUM
ajfa-6602	135	49	21	21	NUM
ajfa-6602	135	50	23	23	NUM
ajfa-6602	135	51	25	25	NUM
ajfa-6602	135	52	27	27	NUM
ajfa-6602	135	53	29	29	NUM
ajfa-6602	135	54	asian	asian	ADJ
ajfa-6602	135	55	journal	journal	NOUN
ajfa-6602	135	56	of	of	ADP
ajfa-6602	135	57	finance	finance	PROPN
ajfa-6602	135	58	&	&	CCONJ
ajfa-6602	135	59	accounting	accounting	PROPN
ajfa-6602	135	60	issn	issn	PROPN
ajfa-6602	135	61	1946	1946	NUM
ajfa-6602	135	62	-	-	PUNCT
ajfa-6602	135	63	052x	052x	NOUN
ajfa-6602	135	64	2015	2015	NUM
ajfa-6602	135	65	,	,	PUNCT
ajfa-6602	135	66	vol	vol	NOUN
ajfa-6602	135	67	.	.	PROPN
ajfa-6602	135	68	7	7	NUM
ajfa-6602	135	69	,	,	PUNCT
ajfa-6602	135	70	no	no	INTJ
ajfa-6602	135	71	.	.	NOUN
ajfa-6602	135	72	1	1	NUM
ajfa-6602	135	73	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-6602	135	74	70	70	NUM
ajfa-6602	135	75	investor	investor	NOUN
ajfa-6602	135	76	compared	compare	VERB
ajfa-6602	135	77	is	be	AUX
ajfa-6602	135	78	market	market	NOUN
ajfa-6602	135	79	portfolio	portfolio	NOUN
ajfa-6602	135	80	,	,	PUNCT
ajfa-6602	135	81	which	which	PRON
ajfa-6602	135	82	reaches	reach	VERB
ajfa-6602	135	83	60	60	NUM
ajfa-6602	135	84	%	%	NOUN
ajfa-6602	135	85	.	.	PUNCT
ajfa-6602	136	1	we	we	PRON
ajfa-6602	136	2	employ	employ	VERB
ajfa-6602	136	3	cronbach	cronbach	VERB
ajfa-6602	136	4	alpha	alpha	NOUN
ajfa-6602	136	5	to	to	PART
ajfa-6602	136	6	compute	compute	VERB
ajfa-6602	136	7	the	the	DET
ajfa-6602	136	8	internal	internal	ADJ
ajfa-6602	136	9	consistency	consistency	NOUN
ajfa-6602	136	10	.	.	PUNCT
ajfa-6602	137	1	cronbach	cronbach	PROPN
ajfa-6602	137	2	alpha	alpha	NOUN
ajfa-6602	137	3	is	be	AUX
ajfa-6602	137	4	frequently	frequently	ADV
ajfa-6602	137	5	used	use	VERB
ajfa-6602	137	6	as	as	ADP
ajfa-6602	137	7	a	a	DET
ajfa-6602	137	8	measurement	measurement	NOUN
ajfa-6602	137	9	to	to	PART
ajfa-6602	137	10	estimate	estimate	VERB
ajfa-6602	137	11	reliability	reliability	NOUN
ajfa-6602	137	12	for	for	ADP
ajfa-6602	137	13	multi	multi	ADJ
ajfa-6602	137	14	-	-	ADJ
ajfa-6602	137	15	item	item	ADJ
ajfa-6602	137	16	scales	scale	NOUN
ajfa-6602	137	17	.	.	PUNCT
ajfa-6602	138	1	cronbach	cronbach	PROPN
ajfa-6602	138	2	's	's	PART
ajfa-6602	138	3	alpha	alpha	NOUN
ajfa-6602	138	4	for	for	ADP
ajfa-6602	138	5	the	the	DET
ajfa-6602	138	6	last	last	ADJ
ajfa-6602	138	7	two	two	NUM
ajfa-6602	138	8	questions	question	NOUN
ajfa-6602	138	9	reaches	reach	VERB
ajfa-6602	138	10	0.802	0.802	NUM
ajfa-6602	138	11	,	,	PUNCT
ajfa-6602	138	12	which	which	PRON
ajfa-6602	138	13	shows	show	VERB
ajfa-6602	138	14	a	a	DET
ajfa-6602	138	15	reliable	reliable	ADJ
ajfa-6602	138	16	internal	internal	ADJ
ajfa-6602	138	17	consistency	consistency	NOUN
ajfa-6602	138	18	.	.	PUNCT
ajfa-6602	139	1	table	table	NOUN
ajfa-6602	139	2	1	1	NUM
ajfa-6602	139	3	.	.	PUNCT
ajfa-6602	140	1	summary	summary	NOUN
ajfa-6602	140	2	statistics	statistic	NOUN
ajfa-6602	140	3	for	for	ADP
ajfa-6602	140	4	the	the	DET
ajfa-6602	140	5	respondents	respondent	NOUN
ajfa-6602	140	6	’	'	PUNCT
ajfa-6602	140	7	characteristics	characteristics	PROPN
ajfa-6602	140	8	respondent	respondent	NOUN
ajfa-6602	140	9	’s	’s	PART
ajfa-6602	140	10	characteristics	characteristic	NOUN
ajfa-6602	140	11	count	count	NOUN
ajfa-6602	140	12	frequency	frequency	NOUN
ajfa-6602	140	13	gender	gender	NOUN
ajfa-6602	140	14	male	male	NOUN
ajfa-6602	140	15	70	70	NUM
ajfa-6602	140	16	36.8	36.8	NUM
ajfa-6602	140	17	%	%	NOUN
ajfa-6602	140	18	female	female	NOUN
ajfa-6602	140	19	120	120	NUM
ajfa-6602	140	20	63.2	63.2	NUM
ajfa-6602	140	21	%	%	NOUN
ajfa-6602	140	22	diversify	diversify	NOUN
ajfa-6602	140	23	always	always	ADV
ajfa-6602	140	24	consider	consider	VERB
ajfa-6602	140	25	41	41	NUM
ajfa-6602	140	26	21.6	21.6	NUM
ajfa-6602	140	27	%	%	NOUN
ajfa-6602	140	28	often	often	ADV
ajfa-6602	140	29	consider	consider	VERB
ajfa-6602	140	30	87	87	NUM
ajfa-6602	140	31	45.8	45.8	NUM
ajfa-6602	140	32	%	%	NOUN
ajfa-6602	140	33	sometimes	sometimes	ADV
ajfa-6602	140	34	consider	consider	VERB
ajfa-6602	140	35	58	58	NUM
ajfa-6602	140	36	30.5	30.5	NUM
ajfa-6602	140	37	%	%	NOUN
ajfa-6602	140	38	never	never	ADV
ajfa-6602	140	39	consider	consider	VERB
ajfa-6602	140	40	4	4	NUM
ajfa-6602	140	41	2.1	2.1	NUM
ajfa-6602	140	42	%	%	NOUN
ajfa-6602	140	43	benchmark	benchmark	NOUN
ajfa-6602	140	44	initial	initial	ADJ
ajfa-6602	140	45	investment	investment	NOUN
ajfa-6602	140	46	44	44	NUM
ajfa-6602	140	47	23.9	23.9	NUM
ajfa-6602	140	48	%	%	NOUN
ajfa-6602	140	49	risk	risk	NOUN
ajfa-6602	140	50	-	-	PUNCT
ajfa-6602	140	51	free	free	ADJ
ajfa-6602	140	52	rate	rate	NOUN
ajfa-6602	140	53	25	25	NUM
ajfa-6602	140	54	13.6	13.6	NUM
ajfa-6602	140	55	%	%	NOUN
ajfa-6602	140	56	market	market	NOUN
ajfa-6602	140	57	portfolio	portfolio	NOUN
ajfa-6602	140	58	111	111	NUM
ajfa-6602	140	59	60.3	60.3	NUM
ajfa-6602	140	60	%	%	NOUN
ajfa-6602	140	61	others	other	NOUN
ajfa-6602	140	62	4	4	NUM
ajfa-6602	140	63	2.2	2.2	NUM
ajfa-6602	140	64	%	%	NOUN
ajfa-6602	140	65	the	the	DET
ajfa-6602	140	66	summary	summary	NOUN
ajfa-6602	140	67	statistics	statistic	NOUN
ajfa-6602	140	68	and	and	CCONJ
ajfa-6602	140	69	t	t	NOUN
ajfa-6602	140	70	tests	test	NOUN
ajfa-6602	140	71	for	for	ADP
ajfa-6602	140	72	paired	pair	VERB
ajfa-6602	140	73	risk	risk	NOUN
ajfa-6602	140	74	measures	measure	NOUN
ajfa-6602	140	75	are	be	AUX
ajfa-6602	140	76	shown	show	VERB
ajfa-6602	140	77	in	in	ADP
ajfa-6602	140	78	table	table	NOUN
ajfa-6602	140	79	2	2	NUM
ajfa-6602	140	80	.	.	PUNCT
ajfa-6602	140	81	remember	remember	VERB
ajfa-6602	140	82	that	that	SCONJ
ajfa-6602	140	83	the	the	DET
ajfa-6602	140	84	measurement	measurement	NOUN
ajfa-6602	140	85	we	we	PRON
ajfa-6602	140	86	used	use	VERB
ajfa-6602	140	87	is	be	AUX
ajfa-6602	140	88	likert	likert	ADJ
ajfa-6602	140	89	seven	seven	NUM
ajfa-6602	140	90	scales	scale	NOUN
ajfa-6602	140	91	.	.	PUNCT
ajfa-6602	141	1	a	a	DET
ajfa-6602	141	2	risk	risk	NOUN
ajfa-6602	141	3	-	-	PUNCT
ajfa-6602	141	4	neutral	neutral	ADJ
ajfa-6602	141	5	investor	investor	NOUN
ajfa-6602	141	6	will	will	AUX
ajfa-6602	141	7	be	be	AUX
ajfa-6602	141	8	indifferent	indifferent	ADJ
ajfa-6602	141	9	to	to	ADP
ajfa-6602	141	10	these	these	DET
ajfa-6602	141	11	two	two	NUM
ajfa-6602	141	12	assets	asset	NOUN
ajfa-6602	141	13	,	,	PUNCT
ajfa-6602	141	14	and	and	CCONJ
ajfa-6602	141	15	will	will	AUX
ajfa-6602	141	16	be	be	AUX
ajfa-6602	141	17	measured	measure	VERB
ajfa-6602	141	18	by	by	ADP
ajfa-6602	141	19	four	four	NUM
ajfa-6602	141	20	.	.	PUNCT
ajfa-6602	142	1	a	a	DET
ajfa-6602	142	2	risk	risk	NOUN
ajfa-6602	142	3	-	-	PUNCT
ajfa-6602	142	4	averse	averse	ADJ
ajfa-6602	142	5	investor	investor	NOUN
ajfa-6602	142	6	would	would	AUX
ajfa-6602	142	7	be	be	AUX
ajfa-6602	142	8	measured	measure	VERB
ajfa-6602	142	9	by	by	ADP
ajfa-6602	142	10	less	less	ADJ
ajfa-6602	142	11	than	than	ADP
ajfa-6602	142	12	four	four	NUM
ajfa-6602	142	13	.	.	PUNCT
ajfa-6602	143	1	the	the	DET
ajfa-6602	143	2	results	result	NOUN
ajfa-6602	143	3	show	show	VERB
ajfa-6602	143	4	that	that	SCONJ
ajfa-6602	143	5	the	the	DET
ajfa-6602	143	6	average	average	NOUN
ajfa-6602	143	7	of	of	ADP
ajfa-6602	143	8	risk	risk	NOUN
ajfa-6602	143	9	measure	measure	NOUN
ajfa-6602	143	10	is	be	AUX
ajfa-6602	143	11	3.69	3.69	NUM
ajfa-6602	143	12	,	,	PUNCT
ajfa-6602	143	13	and	and	CCONJ
ajfa-6602	143	14	is	be	AUX
ajfa-6602	143	15	less	less	ADJ
ajfa-6602	143	16	than	than	ADP
ajfa-6602	143	17	4	4	NUM
ajfa-6602	143	18	significantly	significantly	ADV
ajfa-6602	143	19	,	,	PUNCT
ajfa-6602	143	20	which	which	PRON
ajfa-6602	143	21	implies	imply	VERB
ajfa-6602	143	22	that	that	SCONJ
ajfa-6602	143	23	investors	investor	NOUN
ajfa-6602	143	24	are	be	AUX
ajfa-6602	143	25	risk	risk	NOUN
ajfa-6602	143	26	-	-	PUNCT
ajfa-6602	143	27	averse	averse	ADJ
ajfa-6602	143	28	.	.	PUNCT
ajfa-6602	144	1	the	the	DET
ajfa-6602	144	2	second	second	ADJ
ajfa-6602	144	3	figure	figure	NOUN
ajfa-6602	144	4	shows	show	VERB
ajfa-6602	144	5	the	the	DET
ajfa-6602	144	6	risk	risk	NOUN
ajfa-6602	144	7	measured	measure	VERB
ajfa-6602	144	8	by	by	ADP
ajfa-6602	144	9	variance	variance	NOUN
ajfa-6602	144	10	versus	versus	ADP
ajfa-6602	144	11	semivariance	semivariance	NOUN
ajfa-6602	144	12	.	.	PUNCT
ajfa-6602	145	1	the	the	DET
ajfa-6602	145	2	mean	mean	NOUN
ajfa-6602	145	3	,	,	PUNCT
ajfa-6602	145	4	which	which	PRON
ajfa-6602	145	5	is	be	AUX
ajfa-6602	145	6	3.68	3.68	NUM
ajfa-6602	145	7	,	,	PUNCT
ajfa-6602	145	8	indicates	indicate	VERB
ajfa-6602	145	9	that	that	SCONJ
ajfa-6602	145	10	the	the	DET
ajfa-6602	145	11	respondents	respondent	NOUN
ajfa-6602	145	12	are	be	AUX
ajfa-6602	145	13	more	more	ADJ
ajfa-6602	145	14	care	care	NOUN
ajfa-6602	145	15	about	about	ADP
ajfa-6602	145	16	variance	variance	NOUN
ajfa-6602	145	17	than	than	ADP
ajfa-6602	145	18	semivariance	semivariance	NOUN
ajfa-6602	145	19	on	on	ADP
ajfa-6602	145	20	average	average	ADJ
ajfa-6602	145	21	,	,	PUNCT
ajfa-6602	145	22	and	and	CCONJ
ajfa-6602	145	23	reaches	reach	VERB
ajfa-6602	145	24	5	5	NUM
ajfa-6602	145	25	%	%	NOUN
ajfa-6602	145	26	significance	significance	NOUN
ajfa-6602	145	27	level	level	NOUN
ajfa-6602	145	28	.	.	PUNCT
ajfa-6602	146	1	it	it	PRON
ajfa-6602	146	2	’s	’	VERB
ajfa-6602	146	3	surprised	surprised	ADJ
ajfa-6602	146	4	that	that	SCONJ
ajfa-6602	146	5	the	the	DET
ajfa-6602	146	6	result	result	NOUN
ajfa-6602	146	7	does	do	AUX
ajfa-6602	146	8	n’t	not	PART
ajfa-6602	146	9	conform	conform	VERB
ajfa-6602	146	10	to	to	ADP
ajfa-6602	146	11	the	the	DET
ajfa-6602	146	12	evidences	evidence	NOUN
ajfa-6602	146	13	of	of	ADP
ajfa-6602	146	14	veld	veld	NOUN
ajfa-6602	146	15	and	and	CCONJ
ajfa-6602	146	16	veld	veld	PROPN
ajfa-6602	146	17	-	-	PUNCT
ajfa-6602	146	18	merkoulova	merkoulova	PROPN
ajfa-6602	146	19	(	(	PUNCT
ajfa-6602	146	20	2008	2008	NUM
ajfa-6602	146	21	)	)	PUNCT
ajfa-6602	146	22	.	.	PUNCT
ajfa-6602	147	1	they	they	PRON
ajfa-6602	147	2	find	find	VERB
ajfa-6602	147	3	that	that	SCONJ
ajfa-6602	147	4	semivariance	semivariance	NOUN
ajfa-6602	147	5	of	of	ADP
ajfa-6602	147	6	returns	return	NOUN
ajfa-6602	147	7	is	be	AUX
ajfa-6602	147	8	most	most	ADV
ajfa-6602	147	9	popular	popular	ADJ
ajfa-6602	147	10	for	for	ADP
ajfa-6602	147	11	those	those	DET
ajfa-6602	147	12	investors	investor	NOUN
ajfa-6602	147	13	who	who	PRON
ajfa-6602	147	14	systematically	systematically	ADV
ajfa-6602	147	15	perceive	perceive	VERB
ajfa-6602	147	16	risk	risk	NOUN
ajfa-6602	147	17	according	accord	VERB
ajfa-6602	147	18	to	to	ADP
ajfa-6602	147	19	the	the	DET
ajfa-6602	147	20	same	same	ADJ
ajfa-6602	147	21	risk	risk	NOUN
ajfa-6602	147	22	measure	measure	NOUN
ajfa-6602	147	23	.	.	PUNCT
ajfa-6602	148	1	the	the	DET
ajfa-6602	148	2	next	next	ADJ
ajfa-6602	148	3	two	two	NUM
ajfa-6602	148	4	figures	figure	NOUN
ajfa-6602	148	5	show	show	VERB
ajfa-6602	148	6	that	that	SCONJ
ajfa-6602	148	7	respondents	respondent	NOUN
ajfa-6602	148	8	are	be	AUX
ajfa-6602	148	9	more	more	ADJ
ajfa-6602	148	10	care	care	NOUN
ajfa-6602	148	11	about	about	ADP
ajfa-6602	148	12	expected	expect	VERB
ajfa-6602	148	13	loss	loss	NOUN
ajfa-6602	148	14	than	than	ADP
ajfa-6602	148	15	variance	variance	NOUN
ajfa-6602	148	16	at	at	ADP
ajfa-6602	148	17	1	1	NUM
ajfa-6602	148	18	%	%	NOUN
ajfa-6602	148	19	significance	significance	NOUN
ajfa-6602	148	20	level	level	NOUN
ajfa-6602	148	21	,	,	PUNCT
ajfa-6602	148	22	but	but	CCONJ
ajfa-6602	148	23	are	be	AUX
ajfa-6602	148	24	indifferent	indifferent	ADJ
ajfa-6602	148	25	between	between	ADP
ajfa-6602	148	26	variance	variance	NOUN
ajfa-6602	148	27	and	and	CCONJ
ajfa-6602	148	28	loss	loss	NOUN
ajfa-6602	148	29	probability	probability	NOUN
ajfa-6602	148	30	.	.	PUNCT
ajfa-6602	149	1	the	the	DET
ajfa-6602	149	2	result	result	NOUN
ajfa-6602	149	3	is	be	AUX
ajfa-6602	149	4	similar	similar	ADJ
ajfa-6602	149	5	to	to	ADP
ajfa-6602	149	6	the	the	DET
ajfa-6602	149	7	work	work	NOUN
ajfa-6602	149	8	of	of	ADP
ajfa-6602	149	9	veld	veld	NOUN
ajfa-6602	149	10	and	and	CCONJ
ajfa-6602	149	11	veld	veld	PROPN
ajfa-6602	149	12	-	-	PUNCT
ajfa-6602	149	13	merkoulova	merkoulova	PROPN
ajfa-6602	149	14	(	(	PUNCT
ajfa-6602	149	15	2008	2008	NUM
ajfa-6602	149	16	)	)	PUNCT
ajfa-6602	149	17	for	for	ADP
ajfa-6602	149	18	bond	bond	NOUN
ajfa-6602	149	19	investors	investor	NOUN
ajfa-6602	149	20	,	,	PUNCT
ajfa-6602	149	21	but	but	CCONJ
ajfa-6602	149	22	is	be	AUX
ajfa-6602	149	23	contrary	contrary	ADJ
ajfa-6602	149	24	to	to	ADP
ajfa-6602	149	25	the	the	DET
ajfa-6602	149	26	work	work	NOUN
ajfa-6602	149	27	of	of	ADP
ajfa-6602	149	28	duxbury	duxbury	PROPN
ajfa-6602	149	29	and	and	CCONJ
ajfa-6602	149	30	summers	summer	NOUN
ajfa-6602	149	31	(	(	PUNCT
ajfa-6602	149	32	2004	2004	NUM
ajfa-6602	149	33	)	)	PUNCT
ajfa-6602	149	34	,	,	PUNCT
ajfa-6602	149	35	whose	whose	DET
ajfa-6602	149	36	found	find	VERB
ajfa-6602	149	37	that	that	SCONJ
ajfa-6602	149	38	individuals	individual	NOUN
ajfa-6602	149	39	’	’	PART
ajfa-6602	149	40	perceptions	perception	NOUN
ajfa-6602	149	41	of	of	ADP
ajfa-6602	149	42	risk	risk	NOUN
ajfa-6602	149	43	are	be	AUX
ajfa-6602	149	44	linked	link	VERB
ajfa-6602	149	45	to	to	ADP
ajfa-6602	149	46	loss	loss	NOUN
ajfa-6602	149	47	probability	probability	NOUN
ajfa-6602	149	48	.	.	PUNCT
ajfa-6602	150	1	all	all	DET
ajfa-6602	150	2	the	the	DET
ajfa-6602	150	3	results	result	NOUN
ajfa-6602	150	4	show	show	VERB
ajfa-6602	150	5	that	that	SCONJ
ajfa-6602	150	6	the	the	DET
ajfa-6602	150	7	risk	risk	NOUN
ajfa-6602	150	8	perception	perception	NOUN
ajfa-6602	150	9	and	and	CCONJ
ajfa-6602	150	10	evaluation	evaluation	NOUN
ajfa-6602	150	11	of	of	ADP
ajfa-6602	150	12	taiwan	taiwan	PROPN
ajfa-6602	150	13	investors	investor	NOUN
ajfa-6602	150	14	is	be	AUX
ajfa-6602	150	15	n’t	not	PART
ajfa-6602	150	16	same	same	ADJ
ajfa-6602	150	17	as	as	ADP
ajfa-6602	150	18	other	other	ADJ
ajfa-6602	150	19	financial	financial	ADJ
ajfa-6602	150	20	markets	market	NOUN
ajfa-6602	150	21	.	.	PUNCT
ajfa-6602	151	1	asian	asian	ADJ
ajfa-6602	151	2	journal	journal	PROPN
ajfa-6602	151	3	of	of	ADP
ajfa-6602	151	4	finance	finance	PROPN
ajfa-6602	151	5	&	&	CCONJ
ajfa-6602	151	6	accounting	accounting	PROPN
ajfa-6602	151	7	issn	issn	PROPN
ajfa-6602	151	8	1946	1946	NUM
ajfa-6602	151	9	-	-	PUNCT
ajfa-6602	151	10	052x	052x	NOUN
ajfa-6602	151	11	2015	2015	NUM
ajfa-6602	151	12	,	,	PUNCT
ajfa-6602	151	13	vol	vol	NOUN
ajfa-6602	151	14	.	.	PROPN
ajfa-6602	151	15	7	7	NUM
ajfa-6602	151	16	,	,	PUNCT
ajfa-6602	151	17	no	no	INTJ
ajfa-6602	151	18	.	.	NOUN
ajfa-6602	151	19	1	1	NUM
ajfa-6602	151	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-6602	151	21	71	71	NUM
ajfa-6602	151	22	table	table	NOUN
ajfa-6602	151	23	2	2	NUM
ajfa-6602	151	24	.	.	PUNCT
ajfa-6602	152	1	summary	summary	NOUN
ajfa-6602	152	2	statistics	statistic	NOUN
ajfa-6602	152	3	and	and	CCONJ
ajfa-6602	152	4	t	t	NOUN
ajfa-6602	152	5	tests	test	NOUN
ajfa-6602	152	6	for	for	ADP
ajfa-6602	152	7	paired	pair	VERB
ajfa-6602	152	8	risk	risk	NOUN
ajfa-6602	152	9	measures	measure	NOUN
ajfa-6602	152	10	risk	risk	NOUN
ajfa-6602	152	11	attitude	attitude	NOUN
ajfa-6602	152	12	choice	choice	NOUN
ajfa-6602	152	13	mean	mean	VERB
ajfa-6602	152	14	standard	standard	ADJ
ajfa-6602	152	15	deviation	deviation	NOUN
ajfa-6602	152	16	t	t	PROPN
ajfa-6602	152	17	(	(	PUNCT
ajfa-6602	152	18	:	:	PUNCT
ajfa-6602	152	19	=	=	SYM
ajfa-6602	152	20	)	)	PUNCT
ajfa-6602	153	1	p	p	NOUN
ajfa-6602	153	2	value	value	NOUN
ajfa-6602	153	3	risk	risk	NOUN
ajfa-6602	153	4	-	-	PUNCT
ajfa-6602	153	5	averse	averse	ADJ
ajfa-6602	153	6	versus	versus	ADP
ajfa-6602	153	7	risk	risk	NOUN
ajfa-6602	153	8	-	-	PUNCT
ajfa-6602	153	9	love	love	NOUN
ajfa-6602	153	10	3.69	3.69	NUM
ajfa-6602	153	11	1.842	1.842	NUM
ajfa-6602	153	12	-2.288	-2.288	PUNCT
ajfa-6602	153	13	.023	.023	NUM
ajfa-6602	153	14	*	*	NOUN
ajfa-6602	153	15	*	*	PUNCT
ajfa-6602	153	16	variance	variance	NOUN
ajfa-6602	153	17	versus	versus	ADP
ajfa-6602	153	18	semivariance	semivariance	NOUN
ajfa-6602	153	19	3.68	3.68	NUM
ajfa-6602	153	20	1.903	1.903	NUM
ajfa-6602	153	21	-2.238	-2.238	NUM
ajfa-6602	153	22	.026	.026	NUM
ajfa-6602	153	23	*	*	PUNCT
ajfa-6602	153	24	*	*	PUNCT
ajfa-6602	153	25	variance	variance	NOUN
ajfa-6602	153	26	versus	versus	ADP
ajfa-6602	153	27	expected	expect	VERB
ajfa-6602	153	28	loss	loss	NOUN
ajfa-6602	153	29	4.58	4.58	NUM
ajfa-6602	153	30	1.834	1.834	NUM
ajfa-6602	153	31	4.268	4.268	NUM
ajfa-6602	153	32	.000	.000	NUM
ajfa-6602	153	33	*	*	PUNCT
ajfa-6602	153	34	*	*	PUNCT
ajfa-6602	153	35	*	*	PUNCT
ajfa-6602	153	36	variance	variance	NOUN
ajfa-6602	153	37	versus	versus	ADP
ajfa-6602	153	38	loss	loss	NOUN
ajfa-6602	153	39	probability	probability	NOUN
ajfa-6602	153	40	3.81	3.81	NUM
ajfa-6602	153	41	2.033	2.033	NUM
ajfa-6602	153	42	-1.279	-1.279	NOUN
ajfa-6602	153	43	.202	.202	NUM
ajfa-6602	153	44	variance	variance	NOUN
ajfa-6602	153	45	versus	versus	ADP
ajfa-6602	153	46	martingale	martingale	NUM
ajfa-6602	153	47	variance	variance	NOUN
ajfa-6602	153	48	4.21	4.21	NUM
ajfa-6602	153	49	1.881	1.881	NUM
ajfa-6602	153	50	1.525	1.525	NUM
ajfa-6602	153	51	.129	.129	NUM
ajfa-6602	153	52	martingale	martingale	NUM
ajfa-6602	153	53	variance	variance	NOUN
ajfa-6602	153	54	versus	versus	ADP
ajfa-6602	153	55	martingale	martingale	ADJ
ajfa-6602	153	56	semivariance	semivariance	NOUN
ajfa-6602	153	57	4.44	4.44	NUM
ajfa-6602	153	58	1.674	1.674	NUM
ajfa-6602	153	59	3.558	3.558	NUM
ajfa-6602	153	60	.000	.000	NUM
ajfa-6602	153	61	*	*	PUNCT
ajfa-6602	153	62	*	*	PUNCT
ajfa-6602	153	63	*	*	PUNCT
ajfa-6602	153	64	weighted	weight	VERB
ajfa-6602	153	65	martingale	martingale	ADJ
ajfa-6602	153	66	semivariance	semivariance	NOUN
ajfa-6602	153	67	versus	versus	ADP
ajfa-6602	153	68	martingale	martingale	ADJ
ajfa-6602	153	69	semivariance	semivariance	NOUN
ajfa-6602	153	70	3.80	3.80	NUM
ajfa-6602	153	71	1.447	1.447	NUM
ajfa-6602	153	72	-1.849	-1.849	NOUN
ajfa-6602	153	73	.066	.066	NUM
ajfa-6602	153	74	*	*	PUNCT
ajfa-6602	154	1	*	*	PUNCT
ajfa-6602	154	2	,	,	PUNCT
ajfa-6602	154	3	*	*	PUNCT
ajfa-6602	154	4	*	*	PUNCT
ajfa-6602	154	5	,	,	PUNCT
ajfa-6602	154	6	*	*	PUNCT
ajfa-6602	154	7	*	*	PUNCT
ajfa-6602	154	8	*	*	PUNCT
ajfa-6602	154	9	denote	denote	NOUN
ajfa-6602	154	10	10	10	NUM
ajfa-6602	154	11	%	%	NOUN
ajfa-6602	154	12	,	,	PUNCT
ajfa-6602	154	13	5	5	NUM
ajfa-6602	154	14	%	%	NOUN
ajfa-6602	154	15	,	,	PUNCT
ajfa-6602	154	16	and	and	CCONJ
ajfa-6602	154	17	1	1	NUM
ajfa-6602	154	18	%	%	NOUN
ajfa-6602	154	19	significance	significance	NOUN
ajfa-6602	154	20	level	level	NOUN
ajfa-6602	154	21	,	,	PUNCT
ajfa-6602	154	22	respectively	respectively	ADV
ajfa-6602	154	23	.	.	PUNCT
ajfa-6602	155	1	the	the	DET
ajfa-6602	155	2	last	last	ADJ
ajfa-6602	155	3	three	three	NUM
ajfa-6602	155	4	results	result	NOUN
ajfa-6602	155	5	examine	examine	VERB
ajfa-6602	155	6	whether	whether	SCONJ
ajfa-6602	155	7	the	the	DET
ajfa-6602	155	8	investors	investor	NOUN
ajfa-6602	155	9	concern	concern	NOUN
ajfa-6602	155	10	risk	risk	NOUN
ajfa-6602	155	11	involved	involve	VERB
ajfa-6602	155	12	autocorrelation	autocorrelation	NOUN
ajfa-6602	155	13	of	of	ADP
ajfa-6602	155	14	time	time	NOUN
ajfa-6602	155	15	series	series	PROPN
ajfa-6602	155	16	return	return	NOUN
ajfa-6602	155	17	.	.	PUNCT
ajfa-6602	156	1	when	when	SCONJ
ajfa-6602	156	2	we	we	PRON
ajfa-6602	156	3	compare	compare	VERB
ajfa-6602	156	4	variance	variance	NOUN
ajfa-6602	156	5	in	in	ADP
ajfa-6602	156	6	contrast	contrast	NOUN
ajfa-6602	156	7	to	to	ADP
ajfa-6602	156	8	martingale	martingale	PROPN
ajfa-6602	156	9	variance	variance	NOUN
ajfa-6602	156	10	,	,	PUNCT
ajfa-6602	156	11	the	the	DET
ajfa-6602	156	12	respondents	respondent	NOUN
ajfa-6602	156	13	prefer	prefer	VERB
ajfa-6602	156	14	martingale	martingale	ADJ
ajfa-6602	156	15	variance	variance	NOUN
ajfa-6602	156	16	to	to	PART
ajfa-6602	156	17	variance	variance	VERB
ajfa-6602	156	18	on	on	ADP
ajfa-6602	156	19	average	average	ADJ
ajfa-6602	156	20	,	,	PUNCT
ajfa-6602	156	21	but	but	CCONJ
ajfa-6602	156	22	do	do	AUX
ajfa-6602	156	23	n’t	not	PART
ajfa-6602	156	24	reach	reach	VERB
ajfa-6602	156	25	significance	significance	NOUN
ajfa-6602	156	26	level	level	NOUN
ajfa-6602	156	27	.	.	PUNCT
ajfa-6602	157	1	the	the	DET
ajfa-6602	157	2	next	next	ADJ
ajfa-6602	157	3	figures	figure	NOUN
ajfa-6602	157	4	present	present	ADJ
ajfa-6602	157	5	that	that	SCONJ
ajfa-6602	157	6	the	the	DET
ajfa-6602	157	7	respondents	respondent	NOUN
ajfa-6602	157	8	prefer	prefer	VERB
ajfa-6602	157	9	martingale	martingale	ADJ
ajfa-6602	157	10	semivariance	semivariance	NOUN
ajfa-6602	157	11	to	to	AUX
ajfa-6602	157	12	martingale	martingale	VERB
ajfa-6602	157	13	variance	variance	NOUN
ajfa-6602	157	14	at	at	ADP
ajfa-6602	157	15	1	1	NUM
ajfa-6602	157	16	%	%	NOUN
ajfa-6602	157	17	significance	significance	NOUN
ajfa-6602	157	18	level	level	NOUN
ajfa-6602	157	19	.	.	PUNCT
ajfa-6602	158	1	meanwhile	meanwhile	ADV
ajfa-6602	158	2	,	,	PUNCT
ajfa-6602	158	3	weighted	weight	VERB
ajfa-6602	158	4	martingale	martingale	PROPN
ajfa-6602	158	5	semivariance	semivariance	NOUN
ajfa-6602	158	6	also	also	ADV
ajfa-6602	158	7	dominates	dominate	VERB
ajfa-6602	158	8	martingale	martingale	ADJ
ajfa-6602	158	9	semivariance	semivariance	NOUN
ajfa-6602	158	10	at	at	ADP
ajfa-6602	158	11	10	10	NUM
ajfa-6602	158	12	%	%	NOUN
ajfa-6602	158	13	significance	significance	NOUN
ajfa-6602	158	14	level	level	NOUN
ajfa-6602	158	15	.	.	PUNCT
ajfa-6602	159	1	a	a	DET
ajfa-6602	159	2	high	high	ADJ
ajfa-6602	159	3	martingale	martingale	NOUN
ajfa-6602	159	4	semivariacne	semivariacne	NOUN
ajfa-6602	159	5	or	or	CCONJ
ajfa-6602	159	6	weighted	weight	VERB
ajfa-6602	159	7	martingale	martingale	PROPN
ajfa-6602	159	8	semivariance	semivariance	NOUN
ajfa-6602	159	9	implies	imply	VERB
ajfa-6602	159	10	that	that	SCONJ
ajfa-6602	159	11	the	the	DET
ajfa-6602	159	12	asset	asset	NOUN
ajfa-6602	159	13	’s	’s	PART
ajfa-6602	159	14	return	return	NOUN
ajfa-6602	159	15	is	be	AUX
ajfa-6602	159	16	declining	decline	VERB
ajfa-6602	159	17	,	,	PUNCT
ajfa-6602	159	18	leading	lead	VERB
ajfa-6602	159	19	a	a	DET
ajfa-6602	159	20	high	high	ADJ
ajfa-6602	159	21	loss	loss	NOUN
ajfa-6602	159	22	probability	probability	NOUN
ajfa-6602	159	23	and	and	CCONJ
ajfa-6602	159	24	expected	expect	VERB
ajfa-6602	159	25	loss	loss	NOUN
ajfa-6602	159	26	.	.	PUNCT
ajfa-6602	160	1	furthermore	furthermore	ADV
ajfa-6602	160	2	,	,	PUNCT
ajfa-6602	160	3	there	there	PRON
ajfa-6602	160	4	exists	exist	VERB
ajfa-6602	160	5	a	a	DET
ajfa-6602	160	6	liquidity	liquidity	NOUN
ajfa-6602	160	7	risk	risk	NOUN
ajfa-6602	160	8	when	when	SCONJ
ajfa-6602	160	9	the	the	DET
ajfa-6602	160	10	asset	asset	NOUN
ajfa-6602	160	11	’s	’s	PART
ajfa-6602	160	12	return	return	NOUN
ajfa-6602	160	13	is	be	AUX
ajfa-6602	160	14	declining	decline	VERB
ajfa-6602	160	15	.	.	PUNCT
ajfa-6602	161	1	llorente	llorente	PROPN
ajfa-6602	161	2	,	,	PUNCT
ajfa-6602	161	3	et	et	PROPN
ajfa-6602	161	4	.	.	PUNCT
ajfa-6602	162	1	al	al	PROPN
ajfa-6602	162	2	(	(	PUNCT
ajfa-6602	162	3	2002	2002	NUM
ajfa-6602	162	4	)	)	PUNCT
ajfa-6602	162	5	found	find	VERB
ajfa-6602	162	6	that	that	SCONJ
ajfa-6602	162	7	the	the	DET
ajfa-6602	162	8	cross‐sectional	cross‐sectional	ADJ
ajfa-6602	162	9	variation	variation	NOUN
ajfa-6602	162	10	in	in	ADP
ajfa-6602	162	11	the	the	DET
ajfa-6602	162	12	relation	relation	NOUN
ajfa-6602	162	13	between	between	ADP
ajfa-6602	162	14	volume	volume	NOUN
ajfa-6602	162	15	and	and	CCONJ
ajfa-6602	162	16	return	return	NOUN
ajfa-6602	162	17	autocorrelation	autocorrelation	NOUN
ajfa-6602	162	18	is	be	AUX
ajfa-6602	162	19	related	relate	VERB
ajfa-6602	162	20	.	.	PUNCT
ajfa-6602	163	1	the	the	DET
ajfa-6602	163	2	results	result	NOUN
ajfa-6602	163	3	may	may	AUX
ajfa-6602	163	4	explain	explain	VERB
ajfa-6602	163	5	why	why	SCONJ
ajfa-6602	163	6	most	most	ADJ
ajfa-6602	163	7	existing	exist	VERB
ajfa-6602	163	8	apm	apm	NOUN
ajfa-6602	163	9	ca	can	AUX
ajfa-6602	163	10	n’t	not	PART
ajfa-6602	163	11	explain	explain	VERB
ajfa-6602	163	12	the	the	DET
ajfa-6602	163	13	risk	risk	NOUN
ajfa-6602	163	14	/	/	SYM
ajfa-6602	163	15	return	return	NOUN
ajfa-6602	163	16	relationship	relationship	NOUN
ajfa-6602	163	17	in	in	ADP
ajfa-6602	163	18	the	the	DET
ajfa-6602	163	19	taiwan	taiwan	PROPN
ajfa-6602	163	20	exchange	exchange	NOUN
ajfa-6602	163	21	market	market	NOUN
ajfa-6602	163	22	.	.	PUNCT
ajfa-6602	164	1	the	the	DET
ajfa-6602	164	2	low	low	ADJ
ajfa-6602	164	3	percentage	percentage	NOUN
ajfa-6602	164	4	in	in	ADP
ajfa-6602	164	5	considering	consider	VERB
ajfa-6602	164	6	symmetric	symmetric	ADJ
ajfa-6602	164	7	risk	risk	NOUN
ajfa-6602	164	8	in	in	ADP
ajfa-6602	164	9	taiwan	taiwan	PROPN
ajfa-6602	164	10	is	be	AUX
ajfa-6602	164	11	same	same	ADJ
ajfa-6602	164	12	as	as	ADP
ajfa-6602	164	13	other	other	ADJ
ajfa-6602	164	14	studies	study	NOUN
ajfa-6602	164	15	on	on	ADP
ajfa-6602	164	16	the	the	DET
ajfa-6602	164	17	developing	develop	VERB
ajfa-6602	164	18	market	market	NOUN
ajfa-6602	164	19	,	,	PUNCT
ajfa-6602	164	20	e.g.	e.g.	ADV
ajfa-6602	164	21	,	,	PUNCT
ajfa-6602	164	22	veld	veld	NOUN
ajfa-6602	164	23	and	and	CCONJ
ajfa-6602	164	24	veld	veld	PROPN
ajfa-6602	164	25	-	-	PUNCT
ajfa-6602	164	26	merkoulova	merkoulova	PROPN
ajfa-6602	164	27	(	(	PUNCT
ajfa-6602	164	28	2008	2008	NUM
ajfa-6602	164	29	)	)	PUNCT
ajfa-6602	164	30	.	.	PUNCT
ajfa-6602	165	1	the	the	DET
ajfa-6602	165	2	results	result	NOUN
ajfa-6602	165	3	support	support	VERB
ajfa-6602	165	4	downside	downside	ADJ
ajfa-6602	165	5	risk	risk	NOUN
ajfa-6602	165	6	studies	study	NOUN
ajfa-6602	165	7	of	of	ADP
ajfa-6602	165	8	stevenson	stevenson	PROPN
ajfa-6602	165	9	(	(	PUNCT
ajfa-6602	165	10	2001	2001	NUM
ajfa-6602	165	11	)	)	PUNCT
ajfa-6602	165	12	,	,	PUNCT
ajfa-6602	165	13	estrada	estrada	PROPN
ajfa-6602	165	14	(	(	PUNCT
ajfa-6602	165	15	2003	2003	NUM
ajfa-6602	165	16	)	)	PUNCT
ajfa-6602	165	17	,	,	PUNCT
ajfa-6602	165	18	and	and	CCONJ
ajfa-6602	165	19	ang	ang	PROPN
ajfa-6602	165	20	,	,	PUNCT
ajfa-6602	165	21	chen	chen	PROPN
ajfa-6602	165	22	,	,	PUNCT
ajfa-6602	165	23	and	and	CCONJ
ajfa-6602	165	24	xing	xing	PROPN
ajfa-6602	165	25	(	(	PUNCT
ajfa-6602	165	26	2006	2006	NUM
ajfa-6602	165	27	)	)	PUNCT
ajfa-6602	165	28	,	,	PUNCT
ajfa-6602	165	29	among	among	ADP
ajfa-6602	165	30	others	other	NOUN
ajfa-6602	165	31	.	.	PUNCT
ajfa-6602	166	1	the	the	DET
ajfa-6602	166	2	results	result	NOUN
ajfa-6602	166	3	can	can	AUX
ajfa-6602	166	4	help	help	VERB
ajfa-6602	166	5	to	to	PART
ajfa-6602	166	6	explain	explain	VERB
ajfa-6602	166	7	why	why	SCONJ
ajfa-6602	166	8	the	the	DET
ajfa-6602	166	9	downside	downside	ADJ
ajfa-6602	166	10	risk	risk	NOUN
ajfa-6602	166	11	measures	measure	NOUN
ajfa-6602	166	12	can	can	AUX
ajfa-6602	166	13	result	result	VERB
ajfa-6602	166	14	in	in	ADP
ajfa-6602	166	15	improvement	improvement	NOUN
ajfa-6602	166	16	in	in	ADP
ajfa-6602	166	17	risk	risk	NOUN
ajfa-6602	166	18	/	/	SYM
ajfa-6602	166	19	return	return	NOUN
ajfa-6602	166	20	relationship	relationship	NOUN
ajfa-6602	166	21	.	.	PUNCT
ajfa-6602	167	1	table	table	NOUN
ajfa-6602	167	2	3	3	NUM
ajfa-6602	167	3	shows	show	VERB
ajfa-6602	167	4	the	the	DET
ajfa-6602	167	5	risk	risk	NOUN
ajfa-6602	167	6	conceptions	conception	NOUN
ajfa-6602	167	7	by	by	ADP
ajfa-6602	167	8	respondent	respondent	NOUN
ajfa-6602	167	9	’s	’s	PART
ajfa-6602	167	10	gender	gender	NOUN
ajfa-6602	167	11	.	.	PUNCT
ajfa-6602	168	1	the	the	DET
ajfa-6602	168	2	results	result	NOUN
ajfa-6602	168	3	tells	tell	VERB
ajfa-6602	168	4	that	that	PRON
ajfa-6602	168	5	male	male	ADJ
ajfa-6602	168	6	investors	investor	NOUN
ajfa-6602	168	7	are	be	AUX
ajfa-6602	168	8	more	more	ADJ
ajfa-6602	168	9	risk	risk	NOUN
ajfa-6602	168	10	-	-	PUNCT
ajfa-6602	168	11	seeking	seeking	NOUN
ajfa-6602	168	12	than	than	ADP
ajfa-6602	168	13	female	female	ADJ
ajfa-6602	168	14	on	on	ADP
ajfa-6602	168	15	average	average	ADJ
ajfa-6602	168	16	,	,	PUNCT
ajfa-6602	168	17	but	but	CCONJ
ajfa-6602	168	18	do	do	AUX
ajfa-6602	168	19	n’t	not	PART
ajfa-6602	168	20	reach	reach	VERB
ajfa-6602	168	21	significance	significance	NOUN
ajfa-6602	168	22	level	level	NOUN
ajfa-6602	168	23	.	.	PUNCT
ajfa-6602	169	1	the	the	DET
ajfa-6602	169	2	results	result	NOUN
ajfa-6602	169	3	are	be	AUX
ajfa-6602	169	4	not	not	PART
ajfa-6602	169	5	similar	similar	ADJ
ajfa-6602	169	6	to	to	ADP
ajfa-6602	169	7	the	the	DET
ajfa-6602	169	8	work	work	NOUN
ajfa-6602	169	9	of	of	ADP
ajfa-6602	169	10	weber	weber	PROPN
ajfa-6602	169	11	,	,	PUNCT
ajfa-6602	169	12	blais	blais	PROPN
ajfa-6602	169	13	,	,	PUNCT
ajfa-6602	169	14	and	and	CCONJ
ajfa-6602	169	15	betz	betz	PROPN
ajfa-6602	169	16	(	(	PUNCT
ajfa-6602	169	17	2002	2002	NUM
ajfa-6602	169	18	)	)	PUNCT
ajfa-6602	169	19	,	,	PUNCT
ajfa-6602	169	20	and	and	CCONJ
ajfa-6602	169	21	fellner	fellner	NOUN
ajfa-6602	169	22	and	and	CCONJ
ajfa-6602	169	23	maciejovsky	maciejovsky	ADJ
ajfa-6602	169	24	(	(	PUNCT
ajfa-6602	169	25	2007	2007	NUM
ajfa-6602	169	26	)	)	PUNCT
ajfa-6602	169	27	,	,	PUNCT
ajfa-6602	169	28	who	who	PRON
ajfa-6602	169	29	show	show	VERB
ajfa-6602	169	30	that	that	DET
ajfa-6602	169	31	woman	woman	NOUN
ajfa-6602	169	32	are	be	AUX
ajfa-6602	169	33	more	more	ADJ
ajfa-6602	169	34	risk	risk	NOUN
ajfa-6602	169	35	averse	averse	ADJ
ajfa-6602	169	36	than	than	ADP
ajfa-6602	169	37	man	man	NOUN
ajfa-6602	169	38	.	.	PUNCT
ajfa-6602	170	1	the	the	DET
ajfa-6602	170	2	second	second	ADJ
ajfa-6602	170	3	result	result	NOUN
ajfa-6602	170	4	shows	show	VERB
ajfa-6602	170	5	that	that	SCONJ
ajfa-6602	170	6	male	male	ADJ
ajfa-6602	170	7	concerns	concern	NOUN
ajfa-6602	170	8	semivariance	semivariance	NOUN
ajfa-6602	170	9	,	,	PUNCT
ajfa-6602	170	10	while	while	SCONJ
ajfa-6602	170	11	female	female	ADJ
ajfa-6602	170	12	concerns	concern	NOUN
ajfa-6602	170	13	variance	variance	NOUN
ajfa-6602	170	14	.	.	PUNCT
ajfa-6602	171	1	when	when	SCONJ
ajfa-6602	171	2	compared	compare	VERB
ajfa-6602	171	3	variance	variance	NOUN
ajfa-6602	171	4	versus	versus	ADP
ajfa-6602	171	5	expected	expect	VERB
ajfa-6602	171	6	loss	loss	NOUN
ajfa-6602	171	7	,	,	PUNCT
ajfa-6602	171	8	loss	loss	NOUN
ajfa-6602	171	9	probability	probability	NOUN
ajfa-6602	171	10	,	,	PUNCT
ajfa-6602	171	11	and	and	CCONJ
ajfa-6602	171	12	martingale	martingale	ADJ
ajfa-6602	171	13	variance	variance	NOUN
ajfa-6602	171	14	,	,	PUNCT
ajfa-6602	171	15	there	there	PRON
ajfa-6602	171	16	is	be	VERB
ajfa-6602	171	17	indifferent	indifferent	ADJ
ajfa-6602	171	18	between	between	ADP
ajfa-6602	171	19	female	female	ADJ
ajfa-6602	171	20	and	and	CCONJ
ajfa-6602	171	21	male	male	NOUN
ajfa-6602	171	22	.	.	PUNCT
ajfa-6602	172	1	the	the	DET
ajfa-6602	172	2	next	next	ADJ
ajfa-6602	172	3	result	result	NOUN
ajfa-6602	172	4	presents	present	VERB
ajfa-6602	172	5	that	that	SCONJ
ajfa-6602	172	6	male	male	ADJ
ajfa-6602	172	7	concerns	concern	NOUN
ajfa-6602	172	8	about	about	ADP
ajfa-6602	172	9	martingale	martingale	ADJ
ajfa-6602	172	10	semivariance	semivariance	NOUN
ajfa-6602	172	11	in	in	ADP
ajfa-6602	172	12	contrast	contrast	NOUN
ajfa-6602	172	13	to	to	ADP
ajfa-6602	172	14	martingale	martingale	ADJ
ajfa-6602	172	15	variance	variance	NOUN
ajfa-6602	172	16	as	as	ADP
ajfa-6602	172	17	female	female	NOUN
ajfa-6602	172	18	,	,	PUNCT
ajfa-6602	172	19	but	but	CCONJ
ajfa-6602	172	20	is	be	AUX
ajfa-6602	172	21	more	more	ADV
ajfa-6602	172	22	cared	care	VERB
ajfa-6602	172	23	about	about	ADP
ajfa-6602	172	24	martingale	martingale	ADJ
ajfa-6602	172	25	semivariance	semivariance	NOUN
ajfa-6602	172	26	than	than	ADP
ajfa-6602	172	27	female	female	ADJ
ajfa-6602	172	28	at	at	ADP
ajfa-6602	172	29	5	5	NUM
ajfa-6602	172	30	%	%	NOUN
ajfa-6602	172	31	significance	significance	NOUN
ajfa-6602	172	32	level	level	NOUN
ajfa-6602	172	33	.	.	PUNCT
ajfa-6602	173	1	the	the	DET
ajfa-6602	173	2	last	last	ADJ
ajfa-6602	173	3	result	result	NOUN
ajfa-6602	173	4	in	in	ADP
ajfa-6602	173	5	table	table	NOUN
ajfa-6602	173	6	3	3	NUM
ajfa-6602	173	7	tells	tell	VERB
ajfa-6602	173	8	that	that	DET
ajfa-6602	173	9	man	man	NOUN
ajfa-6602	173	10	concerns	concern	NOUN
ajfa-6602	173	11	martingale	martingale	PROPN
ajfa-6602	173	12	semivariance	semivariance	NOUN
ajfa-6602	173	13	,	,	PUNCT
ajfa-6602	173	14	while	while	SCONJ
ajfa-6602	173	15	woman	woman	NOUN
ajfa-6602	173	16	concerns	concern	NOUN
ajfa-6602	173	17	weighted	weight	VERB
ajfa-6602	173	18	martingale	martingale	ADJ
ajfa-6602	173	19	semivariance	semivariance	NOUN
ajfa-6602	173	20	.	.	PUNCT
ajfa-6602	174	1	asian	asian	ADJ
ajfa-6602	174	2	journal	journal	PROPN
ajfa-6602	174	3	of	of	ADP
ajfa-6602	174	4	finance	finance	PROPN
ajfa-6602	174	5	&	&	CCONJ
ajfa-6602	174	6	accounting	accounting	PROPN
ajfa-6602	174	7	issn	issn	PROPN
ajfa-6602	174	8	1946	1946	NUM
ajfa-6602	174	9	-	-	PUNCT
ajfa-6602	174	10	052x	052x	NOUN
ajfa-6602	174	11	2015	2015	NUM
ajfa-6602	174	12	,	,	PUNCT
ajfa-6602	174	13	vol	vol	NOUN
ajfa-6602	174	14	.	.	PROPN
ajfa-6602	174	15	7	7	NUM
ajfa-6602	174	16	,	,	PUNCT
ajfa-6602	174	17	no	no	INTJ
ajfa-6602	174	18	.	.	NOUN
ajfa-6602	174	19	1	1	NUM
ajfa-6602	174	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-6602	174	21	72	72	NUM
ajfa-6602	174	22	the	the	DET
ajfa-6602	174	23	different	different	ADJ
ajfa-6602	174	24	reaches	reach	VERB
ajfa-6602	174	25	5	5	NUM
ajfa-6602	174	26	%	%	NOUN
ajfa-6602	174	27	significance	significance	NOUN
ajfa-6602	174	28	level	level	NOUN
ajfa-6602	174	29	.	.	PUNCT
ajfa-6602	175	1	table	table	NOUN
ajfa-6602	175	2	3	3	NUM
ajfa-6602	175	3	.	.	X
ajfa-6602	176	1	two	two	NUM
ajfa-6602	176	2	independent	independent	ADJ
ajfa-6602	176	3	samples	sample	NOUN
ajfa-6602	176	4	t	t	NOUN
ajfa-6602	176	5	tests	test	NOUN
ajfa-6602	176	6	by	by	ADP
ajfa-6602	176	7	gender	gender	NOUN
ajfa-6602	176	8	risk	risk	NOUN
ajfa-6602	176	9	attitude	attitude	NOUN
ajfa-6602	176	10	choice	choice	NOUN
ajfa-6602	176	11	gender	gender	NOUN
ajfa-6602	176	12	mean	mean	NOUN
ajfa-6602	176	13	standard	standard	PROPN
ajfa-6602	176	14	t	t	PROPN
ajfa-6602	176	15	p	p	NOUN
ajfa-6602	176	16	value	value	NOUN
ajfa-6602	176	17	risk	risk	NOUN
ajfa-6602	176	18	averse	averse	ADJ
ajfa-6602	176	19	versus	versus	ADP
ajfa-6602	176	20	risk	risk	NOUN
ajfa-6602	176	21	love	love	NOUN
ajfa-6602	176	22	male	male	NOUN
ajfa-6602	176	23	3.94	3.94	NUM
ajfa-6602	176	24	1.828	1.828	NUM
ajfa-6602	176	25	1.409	1.409	NUM
ajfa-6602	176	26	0.161	0.161	NUM
ajfa-6602	176	27	female	female	ADJ
ajfa-6602	176	28	3.54	3.54	NUM
ajfa-6602	176	29	1.849	1.849	NUM
ajfa-6602	176	30	variance	variance	NOUN
ajfa-6602	176	31	versus	versus	ADP
ajfa-6602	176	32	semivariance	semivariance	NOUN
ajfa-6602	176	33	male	male	NOUN
ajfa-6602	176	34	4.11	4.11	NUM
ajfa-6602	176	35	2.016	2.016	NUM
ajfa-6602	176	36	2.350	2.350	NUM
ajfa-6602	176	37	.020	.020	NUM
ajfa-6602	176	38	*	*	PUNCT
ajfa-6602	176	39	*	*	PUNCT
ajfa-6602	176	40	female	female	ADJ
ajfa-6602	176	41	3.42	3.42	NUM
ajfa-6602	176	42	1.799	1.799	NUM
ajfa-6602	176	43	variance	variance	NOUN
ajfa-6602	176	44	versus	versus	ADP
ajfa-6602	176	45	expected	expect	VERB
ajfa-6602	176	46	loss	loss	NOUN
ajfa-6602	176	47	male	male	NOUN
ajfa-6602	176	48	4.45	4.45	NUM
ajfa-6602	176	49	1.985	1.985	NUM
ajfa-6602	176	50	-0.710	-0.710	NUM
ajfa-6602	176	51	0.478	0.478	NUM
ajfa-6602	176	52	female	female	ADJ
ajfa-6602	176	53	4.65	4.65	NUM
ajfa-6602	176	54	1.750	1.750	NUM
ajfa-6602	176	55	variance	variance	NOUN
ajfa-6602	176	56	versus	versus	ADP
ajfa-6602	176	57	loss	loss	NOUN
ajfa-6602	176	58	probability	probability	NOUN
ajfa-6602	176	59	male	male	NOUN
ajfa-6602	176	60	3.85	3.85	NUM
ajfa-6602	176	61	2.234	2.234	NUM
ajfa-6602	176	62	0.159	0.159	NUM
ajfa-6602	176	63	0.874	0.874	NUM
ajfa-6602	176	64	female	female	ADJ
ajfa-6602	176	65	3.80	3.80	NUM
ajfa-6602	176	66	1.920	1.920	NUM
ajfa-6602	176	67	variance	variance	NOUN
ajfa-6602	176	68	versus	versus	ADP
ajfa-6602	176	69	martingale	martingale	ADJ
ajfa-6602	176	70	variance	variance	NOUN
ajfa-6602	176	71	male	male	NOUN
ajfa-6602	176	72	3.99	3.99	NUM
ajfa-6602	176	73	1.943	1.943	NUM
ajfa-6602	176	74	-1.193	-1.193	NUM
ajfa-6602	176	75	0.235	0.235	NUM
ajfa-6602	176	76	female	female	ADJ
ajfa-6602	176	77	4.33	4.33	NUM
ajfa-6602	176	78	1.840	1.840	NUM
ajfa-6602	176	79	martingale	martingale	NOUN
ajfa-6602	176	80	variance	variance	NOUN
ajfa-6602	176	81	versus	versus	ADP
ajfa-6602	176	82	martingale	martingale	ADJ
ajfa-6602	176	83	semivariance	semivariance	NOUN
ajfa-6602	176	84	male	male	NOUN
ajfa-6602	176	85	4.79	4.79	NUM
ajfa-6602	176	86	1.775	1.775	NUM
ajfa-6602	176	87	2.213	2.213	NUM
ajfa-6602	176	88	.028	.028	NUM
ajfa-6602	176	89	*	*	PUNCT
ajfa-6602	176	90	*	*	PUNCT
ajfa-6602	176	91	female	female	ADJ
ajfa-6602	176	92	4.23	4.23	NUM
ajfa-6602	176	93	1.590	1.590	NUM
ajfa-6602	176	94	weighted	weight	VERB
ajfa-6602	176	95	martingale	martingale	NOUN
ajfa-6602	176	96	semi	semi	ADJ
ajfa-6602	176	97	variance	variance	NOUN
ajfa-6602	176	98	versus	versus	ADP
ajfa-6602	176	99	martingale	martingale	ADJ
ajfa-6602	176	100	semivariance	semivariance	NOUN
ajfa-6602	176	101	male	male	NOUN
ajfa-6602	176	102	4.10	4.10	NUM
ajfa-6602	176	103	1.499	1.499	NUM
ajfa-6602	176	104	2.185	2.185	NUM
ajfa-6602	176	105	.030	.030	NUM
ajfa-6602	176	106	*	*	PUNCT
ajfa-6602	176	107	*	*	X
ajfa-6602	176	108	femal	femal	ADJ
ajfa-6602	176	109	3.62	3.62	NUM
ajfa-6602	176	110	1.391	1.391	NUM
ajfa-6602	176	111	*	*	PUNCT
ajfa-6602	176	112	*	*	PUNCT
ajfa-6602	176	113	denotes	denote	NOUN
ajfa-6602	176	114	5	5	NUM
ajfa-6602	176	115	%	%	NOUN
ajfa-6602	176	116	significance	significance	NOUN
ajfa-6602	176	117	level	level	NOUN
ajfa-6602	176	118	.	.	PUNCT
ajfa-6602	177	1	5	5	X
ajfa-6602	177	2	.	.	X
ajfa-6602	177	3	conclusions	conclusion	NOUN
ajfa-6602	177	4	i	i	PRON
ajfa-6602	177	5	design	design	VERB
ajfa-6602	177	6	an	an	DET
ajfa-6602	177	7	experiment	experiment	NOUN
ajfa-6602	177	8	to	to	PART
ajfa-6602	177	9	examine	examine	VERB
ajfa-6602	177	10	risk	risk	NOUN
ajfa-6602	177	11	conception	conception	NOUN
ajfa-6602	177	12	and	and	CCONJ
ajfa-6602	177	13	evaluation	evaluation	NOUN
ajfa-6602	177	14	of	of	ADP
ajfa-6602	177	15	investors	investor	NOUN
ajfa-6602	177	16	.	.	PUNCT
ajfa-6602	178	1	the	the	DET
ajfa-6602	178	2	results	result	NOUN
ajfa-6602	178	3	show	show	VERB
ajfa-6602	178	4	that	that	SCONJ
ajfa-6602	178	5	respondents	respondent	NOUN
ajfa-6602	178	6	are	be	AUX
ajfa-6602	178	7	more	more	ADJ
ajfa-6602	178	8	care	care	NOUN
ajfa-6602	178	9	about	about	ADP
ajfa-6602	178	10	expected	expect	VERB
ajfa-6602	178	11	loss	loss	NOUN
ajfa-6602	178	12	than	than	ADP
ajfa-6602	178	13	variance	variance	NOUN
ajfa-6602	178	14	,	,	PUNCT
ajfa-6602	178	15	but	but	CCONJ
ajfa-6602	178	16	are	be	AUX
ajfa-6602	178	17	indifferent	indifferent	ADJ
ajfa-6602	178	18	between	between	ADP
ajfa-6602	178	19	variance	variance	NOUN
ajfa-6602	178	20	and	and	CCONJ
ajfa-6602	178	21	loss	loss	NOUN
ajfa-6602	178	22	probability	probability	NOUN
ajfa-6602	178	23	.	.	PUNCT
ajfa-6602	179	1	when	when	SCONJ
ajfa-6602	179	2	autocorrelation	autocorrelation	NOUN
ajfa-6602	179	3	of	of	ADP
ajfa-6602	179	4	time	time	NOUN
ajfa-6602	179	5	series	series	PROPN
ajfa-6602	179	6	return	return	NOUN
ajfa-6602	179	7	is	be	AUX
ajfa-6602	179	8	taken	take	VERB
ajfa-6602	179	9	into	into	ADP
ajfa-6602	179	10	account	account	NOUN
ajfa-6602	179	11	,	,	PUNCT
ajfa-6602	179	12	the	the	DET
ajfa-6602	179	13	respondents	respondent	NOUN
ajfa-6602	179	14	prefer	prefer	VERB
ajfa-6602	179	15	martingale	martingale	ADJ
ajfa-6602	179	16	semivariance	semivariance	NOUN
ajfa-6602	179	17	to	to	PART
ajfa-6602	179	18	martingale	martingale	VERB
ajfa-6602	179	19	variance	variance	NOUN
ajfa-6602	179	20	significantly	significantly	ADV
ajfa-6602	179	21	.	.	PUNCT
ajfa-6602	180	1	meanwhile	meanwhile	ADV
ajfa-6602	180	2	,	,	PUNCT
ajfa-6602	180	3	weighted	weight	VERB
ajfa-6602	180	4	martingale	martingale	PROPN
ajfa-6602	180	5	semivariance	semivariance	NOUN
ajfa-6602	180	6	also	also	ADV
ajfa-6602	180	7	dominates	dominate	VERB
ajfa-6602	180	8	martingale	martingale	ADJ
ajfa-6602	180	9	semivariance	semivariance	NOUN
ajfa-6602	180	10	.	.	PUNCT
ajfa-6602	181	1	the	the	DET
ajfa-6602	181	2	results	result	NOUN
ajfa-6602	181	3	are	be	AUX
ajfa-6602	181	4	contrary	contrary	ADJ
ajfa-6602	181	5	to	to	ADP
ajfa-6602	181	6	the	the	DET
ajfa-6602	181	7	assumption	assumption	NOUN
ajfa-6602	181	8	of	of	ADP
ajfa-6602	181	9	risk	risk	NOUN
ajfa-6602	181	10	evaluation	evaluation	NOUN
ajfa-6602	181	11	of	of	ADP
ajfa-6602	181	12	asset	asset	NOUN
ajfa-6602	181	13	pricing	pricing	NOUN
ajfa-6602	181	14	model	model	NOUN
ajfa-6602	181	15	,	,	PUNCT
ajfa-6602	181	16	leading	lead	VERB
ajfa-6602	181	17	the	the	DET
ajfa-6602	181	18	failure	failure	NOUN
ajfa-6602	181	19	of	of	ADP
ajfa-6602	181	20	explanation	explanation	NOUN
ajfa-6602	181	21	of	of	ADP
ajfa-6602	181	22	risk	risk	NOUN
ajfa-6602	181	23	/	/	SYM
ajfa-6602	181	24	return	return	NOUN
ajfa-6602	181	25	relationship	relationship	NOUN
ajfa-6602	181	26	.	.	PUNCT
ajfa-6602	182	1	i	i	PRON
ajfa-6602	182	2	also	also	ADV
ajfa-6602	182	3	explore	explore	VERB
ajfa-6602	182	4	the	the	DET
ajfa-6602	182	5	risk	risk	NOUN
ajfa-6602	182	6	conceptions	conception	NOUN
ajfa-6602	182	7	by	by	ADP
ajfa-6602	182	8	respondent	respondent	NOUN
ajfa-6602	182	9	’s	’s	PART
ajfa-6602	182	10	gender	gender	NOUN
ajfa-6602	182	11	.	.	PUNCT
ajfa-6602	183	1	the	the	DET
ajfa-6602	183	2	results	result	NOUN
ajfa-6602	183	3	present	present	VERB
ajfa-6602	183	4	that	that	SCONJ
ajfa-6602	183	5	male	male	ADJ
ajfa-6602	183	6	concern	concern	NOUN
ajfa-6602	183	7	about	about	ADP
ajfa-6602	183	8	martingale	martingale	ADJ
ajfa-6602	183	9	semivariance	semivariance	NOUN
ajfa-6602	183	10	in	in	ADP
ajfa-6602	183	11	contrast	contrast	NOUN
ajfa-6602	183	12	to	to	ADP
ajfa-6602	183	13	martingale	martingale	ADJ
ajfa-6602	183	14	variance	variance	NOUN
ajfa-6602	183	15	as	as	ADP
ajfa-6602	183	16	female	female	NOUN
ajfa-6602	183	17	.	.	PUNCT
ajfa-6602	184	1	the	the	DET
ajfa-6602	184	2	results	result	NOUN
ajfa-6602	184	3	also	also	ADV
ajfa-6602	184	4	tell	tell	VERB
ajfa-6602	184	5	that	that	DET
ajfa-6602	184	6	man	man	NOUN
ajfa-6602	184	7	concerns	concern	NOUN
ajfa-6602	184	8	martingale	martingale	PROPN
ajfa-6602	184	9	semivariance	semivariance	NOUN
ajfa-6602	184	10	,	,	PUNCT
ajfa-6602	184	11	while	while	SCONJ
ajfa-6602	184	12	woman	woman	NOUN
ajfa-6602	184	13	concerns	concern	NOUN
ajfa-6602	184	14	weighted	weight	VERB
ajfa-6602	184	15	martingale	martingale	ADJ
ajfa-6602	184	16	semivariance	semivariance	NOUN
ajfa-6602	184	17	.	.	PUNCT
ajfa-6602	185	1	all	all	PRON
ajfa-6602	185	2	of	of	ADP
ajfa-6602	185	3	the	the	DET
ajfa-6602	185	4	results	result	NOUN
ajfa-6602	185	5	can	can	AUX
ajfa-6602	185	6	be	be	AUX
ajfa-6602	185	7	applied	apply	VERB
ajfa-6602	185	8	to	to	ADP
ajfa-6602	185	9	the	the	DET
ajfa-6602	185	10	calculation	calculation	NOUN
ajfa-6602	185	11	of	of	ADP
ajfa-6602	185	12	risk	risk	NOUN
ajfa-6602	185	13	and	and	CCONJ
ajfa-6602	185	14	the	the	DET
ajfa-6602	185	15	examination	examination	NOUN
ajfa-6602	185	16	of	of	ADP
ajfa-6602	185	17	the	the	DET
ajfa-6602	185	18	return	return	NOUN
ajfa-6602	185	19	/	/	SYM
ajfa-6602	185	20	risk	risk	NOUN
ajfa-6602	185	21	relationship	relationship	NOUN
ajfa-6602	185	22	.	.	PUNCT
ajfa-6602	186	1	references	reference	NOUN
ajfa-6602	186	2	ang	ang	PROPN
ajfa-6602	186	3	,	,	PUNCT
ajfa-6602	186	4	a.	a.	PROPN
ajfa-6602	186	5	,	,	PUNCT
ajfa-6602	186	6	chen	chen	PROPN
ajfa-6602	186	7	j.	j.	PROPN
ajfa-6602	186	8	,	,	PUNCT
ajfa-6602	186	9	&	&	CCONJ
ajfa-6602	186	10	xing	xing	PROPN
ajfa-6602	186	11	y.	y.	PROPN
ajfa-6602	186	12	(	(	PUNCT
ajfa-6602	186	13	2006	2006	NUM
ajfa-6602	186	14	)	)	PUNCT
ajfa-6602	186	15	.	.	PUNCT
ajfa-6602	187	1	downside	downside	ADJ
ajfa-6602	187	2	risk	risk	NOUN
ajfa-6602	187	3	.	.	PUNCT
ajfa-6602	188	1	review	review	NOUN
ajfa-6602	188	2	of	of	ADP
ajfa-6602	188	3	financial	financial	ADJ
ajfa-6602	188	4	studies	study	NOUN
ajfa-6602	188	5	,	,	PUNCT
ajfa-6602	188	6	19	19	NUM
ajfa-6602	188	7	,	,	PUNCT
ajfa-6602	188	8	1191	1191	NUM
ajfa-6602	188	9	-	-	SYM
ajfa-6602	188	10	1239	1239	NUM
ajfa-6602	188	11	.	.	PUNCT
ajfa-6602	189	1	http://dx.doi.org/10.1093/rfs/hhj035	http://dx.doi.org/10.1093/rfs/hhj035	PROPN
ajfa-6602	189	2	duxbury	duxbury	PROPN
ajfa-6602	189	3	,	,	PUNCT
ajfa-6602	189	4	d.	d.	PROPN
ajfa-6602	189	5	,	,	PUNCT
ajfa-6602	189	6	&	&	CCONJ
ajfa-6602	189	7	summers	summers	PROPN
ajfa-6602	189	8	b.	b.	PROPN
ajfa-6602	189	9	(	(	PUNCT
ajfa-6602	189	10	2004	2004	NUM
ajfa-6602	189	11	)	)	PUNCT
ajfa-6602	189	12	.	.	PUNCT
ajfa-6602	190	1	financial	financial	ADJ
ajfa-6602	190	2	risk	risk	NOUN
ajfa-6602	190	3	perception	perception	NOUN
ajfa-6602	190	4	are	be	AUX
ajfa-6602	190	5	individuals	individual	NOUN
ajfa-6602	190	6	variance	variance	NOUN
ajfa-6602	190	7	asian	asian	ADJ
ajfa-6602	190	8	journal	journal	PROPN
ajfa-6602	190	9	of	of	ADP
ajfa-6602	190	10	finance	finance	PROPN
ajfa-6602	190	11	&	&	CCONJ
ajfa-6602	190	12	accounting	accounting	PROPN
ajfa-6602	190	13	issn	issn	PROPN
ajfa-6602	190	14	1946	1946	NUM
ajfa-6602	190	15	-	-	PUNCT
ajfa-6602	190	16	052x	052x	NOUN
ajfa-6602	190	17	2015	2015	NUM
ajfa-6602	190	18	,	,	PUNCT
ajfa-6602	190	19	vol	vol	NOUN
ajfa-6602	190	20	.	.	PROPN
ajfa-6602	190	21	7	7	NUM
ajfa-6602	190	22	,	,	PUNCT
ajfa-6602	190	23	no	no	INTJ
ajfa-6602	190	24	.	.	NOUN
ajfa-6602	190	25	1	1	NUM
ajfa-6602	190	26	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-6602	190	27	73	73	NUM
ajfa-6602	190	28	averse	averse	ADJ
ajfa-6602	190	29	or	or	CCONJ
ajfa-6602	190	30	loss	loss	VERB
ajfa-6602	190	31	averse	averse	ADJ
ajfa-6602	190	32	?	?	PUNCT
ajfa-6602	191	1	economics	economic	NOUN
ajfa-6602	191	2	letters	letter	NOUN
ajfa-6602	191	3	,	,	PUNCT
ajfa-6602	191	4	84	84	NUM
ajfa-6602	191	5	,	,	PUNCT
ajfa-6602	191	6	21–28	21–28	NUM
ajfa-6602	191	7	.	.	PUNCT
ajfa-6602	192	1	http://dx.doi.org/10.1016/j.econlet.2003.12.006	http://dx.doi.org/10.1016/j.econlet.2003.12.006	PROPN
ajfa-6602	192	2	estrada	estrada	PROPN
ajfa-6602	192	3	,	,	PUNCT
ajfa-6602	192	4	j.	j.	PROPN
ajfa-6602	192	5	(	(	PUNCT
ajfa-6602	192	6	2003	2003	NUM
ajfa-6602	192	7	)	)	PUNCT
ajfa-6602	192	8	.	.	PUNCT
ajfa-6602	193	1	mean	mean	ADJ
ajfa-6602	193	2	-	-	PUNCT
ajfa-6602	193	3	semivariance	semivariance	NOUN
ajfa-6602	193	4	behavior	behavior	NOUN
ajfa-6602	193	5	:	:	PUNCT
ajfa-6602	193	6	a	a	DET
ajfa-6602	193	7	note	note	NOUN
ajfa-6602	193	8	,	,	PUNCT
ajfa-6602	193	9	finance	finance	NOUN
ajfa-6602	193	10	letters	letter	NOUN
ajfa-6602	193	11	,	,	PUNCT
ajfa-6602	193	12	1	1	NUM
ajfa-6602	193	13	,	,	PUNCT
ajfa-6602	193	14	9	9	NUM
ajfa-6602	193	15	-	-	SYM
ajfa-6602	193	16	14	14	NUM
ajfa-6602	193	17	.	.	PUNCT
ajfa-6602	194	1	fellner	fellner	PROPN
ajfa-6602	194	2	,	,	PUNCT
ajfa-6602	194	3	g.	g.	PROPN
ajfa-6602	194	4	,	,	PUNCT
ajfa-6602	194	5	&	&	CCONJ
ajfa-6602	194	6	maciejovsky	maciejovsky	PROPN
ajfa-6602	194	7	b.	b.	PROPN
ajfa-6602	194	8	(	(	PUNCT
ajfa-6602	194	9	2007	2007	NUM
ajfa-6602	194	10	)	)	PUNCT
ajfa-6602	194	11	.	.	PUNCT
ajfa-6602	195	1	risk	risk	NOUN
ajfa-6602	195	2	attitude	attitude	NOUN
ajfa-6602	195	3	and	and	CCONJ
ajfa-6602	195	4	market	market	NOUN
ajfa-6602	195	5	behavior	behavior	NOUN
ajfa-6602	195	6	:	:	PUNCT
ajfa-6602	195	7	evidence	evidence	NOUN
ajfa-6602	195	8	from	from	ADP
ajfa-6602	195	9	experimental	experimental	ADJ
ajfa-6602	195	10	asset	asset	NOUN
ajfa-6602	195	11	markets	market	NOUN
ajfa-6602	195	12	.	.	PUNCT
ajfa-6602	196	1	journal	journal	NOUN
ajfa-6602	196	2	of	of	ADP
ajfa-6602	196	3	economic	economic	ADJ
ajfa-6602	196	4	psychology	psychology	NOUN
ajfa-6602	196	5	,	,	PUNCT
ajfa-6602	196	6	28	28	NUM
ajfa-6602	196	7	,	,	PUNCT
ajfa-6602	196	8	338–350	338–350	NUM
ajfa-6602	196	9	http://dx.doi.org/10.1016/j.joep.2007.01.006	http://dx.doi.org/10.1016/j.joep.2007.01.006	ADJ
ajfa-6602	196	10	gneezy	gneezy	NOUN
ajfa-6602	196	11	,	,	PUNCT
ajfa-6602	196	12	u.	u.	PROPN
ajfa-6602	196	13	,	,	PUNCT
ajfa-6602	196	14	&	&	CCONJ
ajfa-6602	196	15	potters	potter	NOUN
ajfa-6602	196	16	j.	j.	PROPN
ajfa-6602	196	17	(	(	PUNCT
ajfa-6602	196	18	1997	1997	NUM
ajfa-6602	196	19	)	)	PUNCT
ajfa-6602	196	20	.	.	PUNCT
ajfa-6602	197	1	an	an	DET
ajfa-6602	197	2	experiment	experiment	NOUN
ajfa-6602	197	3	on	on	ADP
ajfa-6602	197	4	risk	risk	NOUN
ajfa-6602	197	5	taking	taking	NOUN
ajfa-6602	197	6	and	and	CCONJ
ajfa-6602	197	7	evaluation	evaluation	NOUN
ajfa-6602	197	8	periods	period	NOUN
ajfa-6602	197	9	.	.	PUNCT
ajfa-6602	198	1	quarterly	quarterly	ADJ
ajfa-6602	198	2	journal	journal	NOUN
ajfa-6602	198	3	of	of	ADP
ajfa-6602	198	4	economics	economic	NOUN
ajfa-6602	198	5	,	,	PUNCT
ajfa-6602	198	6	112	112	NUM
ajfa-6602	198	7	,	,	PUNCT
ajfa-6602	198	8	631	631	NUM
ajfa-6602	198	9	-	-	SYM
ajfa-6602	198	10	646	646	NUM
ajfa-6602	198	11	.	.	PUNCT
ajfa-6602	199	1	http://dx.doi.org/10.1162/003355397555217	http://dx.doi.org/10.1162/003355397555217	NOUN
ajfa-6602	199	2	goyal	goyal	PROPN
ajfa-6602	199	3	,	,	PUNCT
ajfa-6602	199	4	a.	a.	PROPN
ajfa-6602	199	5	,	,	PUNCT
ajfa-6602	199	6	&	&	CCONJ
ajfa-6602	199	7	santa	santa	PROPN
ajfa-6602	199	8	-	-	PUNCT
ajfa-6602	199	9	clara	clara	PROPN
ajfa-6602	199	10	p.	p.	NOUN
ajfa-6602	199	11	(	(	PUNCT
ajfa-6602	199	12	2003	2003	NUM
ajfa-6602	199	13	)	)	PUNCT
ajfa-6602	199	14	.	.	PUNCT
ajfa-6602	200	1	idiosyncratic	idiosyncratic	ADJ
ajfa-6602	200	2	risk	risk	NOUN
ajfa-6602	200	3	matters	matter	NOUN
ajfa-6602	200	4	!	!	PUNCT
ajfa-6602	201	1	journal	journal	NOUN
ajfa-6602	201	2	of	of	ADP
ajfa-6602	201	3	finance	finance	NOUN
ajfa-6602	201	4	,	,	PUNCT
ajfa-6602	201	5	58	58	NUM
ajfa-6602	201	6	,	,	PUNCT
ajfa-6602	201	7	975	975	NUM
ajfa-6602	201	8	-	-	SYM
ajfa-6602	201	9	1008	1008	NUM
ajfa-6602	201	10	.	.	PUNCT
ajfa-6602	202	1	http://dx.doi.org/10.1111/1540-6261.00555	http://dx.doi.org/10.1111/1540-6261.00555	X
ajfa-6602	202	2	jan	jan	PROPN
ajfa-6602	202	3	,	,	PUNCT
ajfa-6602	202	4	y.	y.	PROPN
ajfa-6602	202	5	c.	c.	PROPN
ajfa-6602	202	6	(	(	PUNCT
ajfa-6602	202	7	2014	2014	NUM
ajfa-6602	202	8	)	)	PUNCT
ajfa-6602	202	9	.	.	PUNCT
ajfa-6602	203	1	a	a	DET
ajfa-6602	203	2	note	note	NOUN
ajfa-6602	203	3	on	on	ADP
ajfa-6602	203	4	a	a	DET
ajfa-6602	203	5	new	new	ADJ
ajfa-6602	203	6	weighted	weight	VERB
ajfa-6602	203	7	idiosyncratic	idiosyncratic	ADJ
ajfa-6602	203	8	risk	risk	NOUN
ajfa-6602	203	9	measure	measure	NOUN
ajfa-6602	203	10	.	.	PUNCT
ajfa-6602	204	1	international	international	ADJ
ajfa-6602	204	2	journal	journal	PROPN
ajfa-6602	204	3	of	of	ADP
ajfa-6602	204	4	financial	financial	ADJ
ajfa-6602	204	5	research	research	NOUN
ajfa-6602	204	6	,	,	PUNCT
ajfa-6602	204	7	5	5	NUM
ajfa-6602	204	8	,	,	PUNCT
ajfa-6602	204	9	194	194	NUM
ajfa-6602	204	10	-	-	SYM
ajfa-6602	204	11	198	198	NUM
ajfa-6602	204	12	.	.	PUNCT
ajfa-6602	205	1	http://dx.doi.org/10.5430/ijfr.v5n3p194	http://dx.doi.org/10.5430/ijfr.v5n3p194	PROPN
ajfa-6602	205	2	jan	jan	PROPN
ajfa-6602	205	3	,	,	PUNCT
ajfa-6602	205	4	y.	y.	PROPN
ajfa-6602	205	5	c.	c.	PROPN
ajfa-6602	205	6	,	,	PUNCT
ajfa-6602	205	7	&	&	CCONJ
ajfa-6602	205	8	wang	wang	PROPN
ajfa-6602	205	9	j.m.c	j.m.c	PROPN
ajfa-6602	205	10	.	.	PROPN
ajfa-6602	206	1	(	(	PUNCT
ajfa-6602	206	2	2012	2012	NUM
ajfa-6602	206	3	)	)	PUNCT
ajfa-6602	206	4	.	.	PUNCT
ajfa-6602	207	1	a	a	DET
ajfa-6602	207	2	note	note	NOUN
ajfa-6602	207	3	on	on	ADP
ajfa-6602	207	4	idiosyncratic	idiosyncratic	ADJ
ajfa-6602	207	5	risk	risk	NOUN
ajfa-6602	207	6	measure	measure	NOUN
ajfa-6602	207	7	.	.	PUNCT
ajfa-6602	208	1	journal	journal	NOUN
ajfa-6602	208	2	of	of	ADP
ajfa-6602	208	3	money	money	NOUN
ajfa-6602	208	4	,	,	PUNCT
ajfa-6602	208	5	investment	investment	NOUN
ajfa-6602	208	6	and	and	CCONJ
ajfa-6602	208	7	banking	banking	NOUN
ajfa-6602	208	8	,	,	PUNCT
ajfa-6602	208	9	25	25	NUM
ajfa-6602	208	10	,	,	PUNCT
ajfa-6602	208	11	119	119	NUM
ajfa-6602	208	12	-	-	SYM
ajfa-6602	208	13	123	123	NUM
ajfa-6602	208	14	.	.	PUNCT
ajfa-6602	209	1	kahneman	kahneman	PROPN
ajfa-6602	209	2	,	,	PUNCT
ajfa-6602	209	3	d.	d.	PROPN
ajfa-6602	209	4	,	,	PUNCT
ajfa-6602	209	5	&	&	CCONJ
ajfa-6602	209	6	tversky	tversky	PROPN
ajfa-6602	209	7	a.	a.	NOUN
ajfa-6602	209	8	(	(	PUNCT
ajfa-6602	209	9	1979	1979	NUM
ajfa-6602	209	10	)	)	PUNCT
ajfa-6602	209	11	.	.	PUNCT
ajfa-6602	210	1	prospect	prospect	PROPN
ajfa-6602	210	2	theory	theory	NOUN
ajfa-6602	210	3	:	:	PUNCT
ajfa-6602	210	4	an	an	DET
ajfa-6602	210	5	analysis	analysis	NOUN
ajfa-6602	210	6	of	of	ADP
ajfa-6602	210	7	decision	decision	NOUN
ajfa-6602	210	8	under	under	ADP
ajfa-6602	210	9	risk	risk	NOUN
ajfa-6602	210	10	,	,	PUNCT
ajfa-6602	210	11	econometrica	econometrica	PROPN
ajfa-6602	210	12	,	,	PUNCT
ajfa-6602	210	13	47	47	NUM
ajfa-6602	210	14	,	,	PUNCT
ajfa-6602	210	15	263	263	NUM
ajfa-6602	210	16	-	-	SYM
ajfa-6602	210	17	291	291	NUM
ajfa-6602	210	18	.	.	PUNCT
ajfa-6602	211	1	http://dx.doi.org/10.2307/1914185	http://dx.doi.org/10.2307/1914185	PROPN
ajfa-6602	211	2	levy	levy	NOUN
ajfa-6602	211	3	,	,	PUNCT
ajfa-6602	211	4	h.	h.	PROPN
ajfa-6602	211	5	(	(	PUNCT
ajfa-6602	211	6	1997	1997	NUM
ajfa-6602	211	7	)	)	PUNCT
ajfa-6602	211	8	.	.	PUNCT
ajfa-6602	212	1	risk	risk	NOUN
ajfa-6602	212	2	and	and	CCONJ
ajfa-6602	212	3	return	return	VERB
ajfa-6602	212	4	:	:	PUNCT
ajfa-6602	212	5	an	an	DET
ajfa-6602	212	6	experimental	experimental	ADJ
ajfa-6602	212	7	analysis	analysis	NOUN
ajfa-6602	212	8	.	.	PUNCT
ajfa-6602	213	1	international	international	ADJ
ajfa-6602	213	2	economic	economic	ADJ
ajfa-6602	213	3	review	review	NOUN
ajfa-6602	213	4	,	,	PUNCT
ajfa-6602	213	5	38	38	NUM
ajfa-6602	213	6	,	,	PUNCT
ajfa-6602	213	7	119	119	NUM
ajfa-6602	213	8	-	-	SYM
ajfa-6602	213	9	149	149	NUM
ajfa-6602	213	10	.	.	PUNCT
ajfa-6602	214	1	http://dx.doi.org/10.2307/2527411	http://dx.doi.org/10.2307/2527411	PROPN
ajfa-6602	214	2	llorente	llorente	PROPN
ajfa-6602	214	3	,	,	PUNCT
ajfa-6602	214	4	g.	g.	PROPN
ajfa-6602	214	5	,	,	PUNCT
ajfa-6602	214	6	michaely	michaely	PROPN
ajfa-6602	214	7	r.	r.	PROPN
ajfa-6602	214	8	,	,	PUNCT
ajfa-6602	214	9	saar	saar	PROPN
ajfa-6602	214	10	g.	g.	PROPN
ajfa-6602	214	11	,	,	PUNCT
ajfa-6602	214	12	&	&	CCONJ
ajfa-6602	214	13	wang	wang	PROPN
ajfa-6602	214	14	j.	j.	PROPN
ajfa-6602	214	15	(	(	PUNCT
ajfa-6602	214	16	2002	2002	NUM
ajfa-6602	214	17	)	)	PUNCT
ajfa-6602	214	18	.	.	PUNCT
ajfa-6602	215	1	dynamic	dynamic	ADJ
ajfa-6602	215	2	volume‐return	volume‐return	NOUN
ajfa-6602	215	3	relation	relation	NOUN
ajfa-6602	215	4	of	of	ADP
ajfa-6602	215	5	individual	individual	ADJ
ajfa-6602	215	6	stocks	stock	NOUN
ajfa-6602	215	7	.	.	PUNCT
ajfa-6602	216	1	review	review	NOUN
ajfa-6602	216	2	of	of	ADP
ajfa-6602	216	3	financial	financial	ADJ
ajfa-6602	216	4	studies	study	NOUN
ajfa-6602	216	5	,	,	PUNCT
ajfa-6602	216	6	15	15	NUM
ajfa-6602	216	7	,	,	PUNCT
ajfa-6602	216	8	1005	1005	NUM
ajfa-6602	216	9	-	-	SYM
ajfa-6602	216	10	1047	1047	NUM
ajfa-6602	216	11	.	.	PUNCT
ajfa-6602	217	1	http://dx.doi.org/10.1093/rfs/15.4.1005	http://dx.doi.org/10.1093/rfs/15.4.1005	PROPN
ajfa-6602	217	2	olsen	olsen	PROPN
ajfa-6602	217	3	,	,	PUNCT
ajfa-6602	217	4	r.	r.	PROPN
ajfa-6602	217	5	(	(	PUNCT
ajfa-6602	217	6	1997a	1997a	NUM
ajfa-6602	217	7	)	)	PUNCT
ajfa-6602	217	8	.	.	PUNCT
ajfa-6602	218	1	prospect	prospect	PROPN
ajfa-6602	218	2	theory	theory	NOUN
ajfa-6602	218	3	as	as	ADP
ajfa-6602	218	4	an	an	DET
ajfa-6602	218	5	explanation	explanation	NOUN
ajfa-6602	218	6	of	of	ADP
ajfa-6602	218	7	risky	risky	ADJ
ajfa-6602	218	8	choice	choice	NOUN
ajfa-6602	218	9	by	by	ADP
ajfa-6602	218	10	professional	professional	ADJ
ajfa-6602	218	11	investors	investor	NOUN
ajfa-6602	218	12	:	:	PUNCT
ajfa-6602	218	13	some	some	DET
ajfa-6602	218	14	evidence	evidence	NOUN
ajfa-6602	218	15	.	.	PUNCT
ajfa-6602	219	1	review	review	NOUN
ajfa-6602	219	2	of	of	ADP
ajfa-6602	219	3	financial	financial	ADJ
ajfa-6602	219	4	economics	economic	NOUN
ajfa-6602	219	5	,	,	PUNCT
ajfa-6602	219	6	6	6	NUM
ajfa-6602	219	7	,	,	PUNCT
ajfa-6602	219	8	225	225	NUM
ajfa-6602	219	9	-	-	SYM
ajfa-6602	219	10	232	232	NUM
ajfa-6602	219	11	.	.	PUNCT
ajfa-6602	220	1	http://dx.doi.org/10.1016/s1058-3300(97)90008-2	http://dx.doi.org/10.1016/s1058-3300(97)90008-2	PROPN
ajfa-6602	220	2	olsen	olsen	PROPN
ajfa-6602	220	3	,	,	PUNCT
ajfa-6602	220	4	r.	r.	PROPN
ajfa-6602	220	5	(	(	PUNCT
ajfa-6602	220	6	1997b	1997b	NUM
ajfa-6602	220	7	)	)	PUNCT
ajfa-6602	220	8	.	.	PUNCT
ajfa-6602	221	1	investment	investment	NOUN
ajfa-6602	221	2	risk	risk	NOUN
ajfa-6602	221	3	:	:	PUNCT
ajfa-6602	221	4	the	the	DET
ajfa-6602	221	5	experts	expert	NOUN
ajfa-6602	221	6	’	’	PART
ajfa-6602	221	7	perspective	perspective	NOUN
ajfa-6602	221	8	.	.	PUNCT
ajfa-6602	222	1	financial	financial	ADJ
ajfa-6602	222	2	analysts	analyst	NOUN
ajfa-6602	222	3	journal	journal	NOUN
ajfa-6602	222	4	,	,	PUNCT
ajfa-6602	222	5	53	53	NUM
ajfa-6602	222	6	,	,	PUNCT
ajfa-6602	222	7	62	62	NUM
ajfa-6602	222	8	-	-	SYM
ajfa-6602	222	9	66	66	NUM
ajfa-6602	222	10	.	.	PUNCT
ajfa-6602	223	1	http://dx.doi.org/10.2469/faj.v53.n2.2073	http://dx.doi.org/10.2469/faj.v53.n2.2073	PROPN
ajfa-6602	223	2	siebenmorgen	siebenmorgen	PROPN
ajfa-6602	223	3	,	,	PUNCT
ajfa-6602	223	4	n.	n.	NOUN
ajfa-6602	223	5	,	,	PUNCT
ajfa-6602	223	6	&	&	CCONJ
ajfa-6602	223	7	weber	weber	PROPN
ajfa-6602	223	8	m.	m.	PROPN
ajfa-6602	223	9	(	(	PUNCT
ajfa-6602	223	10	2004	2004	NUM
ajfa-6602	223	11	)	)	PUNCT
ajfa-6602	223	12	.	.	PUNCT
ajfa-6602	224	1	the	the	DET
ajfa-6602	224	2	influence	influence	NOUN
ajfa-6602	224	3	of	of	ADP
ajfa-6602	224	4	different	different	ADJ
ajfa-6602	224	5	investment	investment	NOUN
ajfa-6602	224	6	horizons	horizon	NOUN
ajfa-6602	224	7	on	on	ADP
ajfa-6602	224	8	risk	risk	NOUN
ajfa-6602	224	9	behavior	behavior	NOUN
ajfa-6602	224	10	.	.	PUNCT
ajfa-6602	225	1	journal	journal	NOUN
ajfa-6602	225	2	of	of	ADP
ajfa-6602	225	3	behavioral	behavioral	ADJ
ajfa-6602	225	4	finance	finance	NOUN
ajfa-6602	225	5	,	,	PUNCT
ajfa-6602	225	6	5	5	NUM
ajfa-6602	225	7	,	,	PUNCT
ajfa-6602	225	8	75	75	NUM
ajfa-6602	225	9	-	-	SYM
ajfa-6602	225	10	90	90	NUM
ajfa-6602	225	11	.	.	PUNCT
ajfa-6602	226	1	http://dx.doi.org/10.1207/s15427579jpfm0502_2	http://dx.doi.org/10.1207/s15427579jpfm0502_2	DET
ajfa-6602	226	2	stevenson	stevenson	PROPN
ajfa-6602	226	3	,	,	PUNCT
ajfa-6602	226	4	s.	s.	PROPN
ajfa-6602	226	5	(	(	PUNCT
ajfa-6602	226	6	2001	2001	NUM
ajfa-6602	226	7	)	)	PUNCT
ajfa-6602	226	8	.	.	PUNCT
ajfa-6602	227	1	emerging	emerge	VERB
ajfa-6602	227	2	markets	market	NOUN
ajfa-6602	227	3	,	,	PUNCT
ajfa-6602	227	4	downside	downside	ADJ
ajfa-6602	227	5	risk	risk	NOUN
ajfa-6602	227	6	and	and	CCONJ
ajfa-6602	227	7	the	the	DET
ajfa-6602	227	8	asset	asset	NOUN
ajfa-6602	227	9	allocation	allocation	NOUN
ajfa-6602	227	10	decision	decision	NOUN
ajfa-6602	227	11	.	.	PUNCT
ajfa-6602	228	1	emerging	emerge	VERB
ajfa-6602	228	2	markets	market	NOUN
ajfa-6602	228	3	review	review	NOUN
ajfa-6602	228	4	,	,	PUNCT
ajfa-6602	228	5	2	2	NUM
ajfa-6602	228	6	,	,	PUNCT
ajfa-6602	228	7	50	50	NUM
ajfa-6602	228	8	-	-	SYM
ajfa-6602	228	9	66	66	NUM
ajfa-6602	228	10	.	.	PUNCT
ajfa-6602	229	1	http://dx.doi.org/10.1016/s1566-0141(00)00019-4	http://dx.doi.org/10.1016/s1566-0141(00)00019-4	NOUN
ajfa-6602	229	2	tversky	tversky	PROPN
ajfa-6602	229	3	,	,	PUNCT
ajfa-6602	229	4	a.	a.	NOUN
ajfa-6602	229	5	,	,	PUNCT
ajfa-6602	229	6	&	&	CCONJ
ajfa-6602	229	7	kahneman	kahneman	PROPN
ajfa-6602	229	8	d.	d.	PROPN
ajfa-6602	229	9	(	(	PUNCT
ajfa-6602	229	10	1981	1981	NUM
ajfa-6602	229	11	)	)	PUNCT
ajfa-6602	229	12	.	.	PUNCT
ajfa-6602	230	1	the	the	DET
ajfa-6602	230	2	framing	framing	NOUN
ajfa-6602	230	3	of	of	ADP
ajfa-6602	230	4	decisions	decision	NOUN
ajfa-6602	230	5	and	and	CCONJ
ajfa-6602	230	6	the	the	DET
ajfa-6602	230	7	psychology	psychology	NOUN
ajfa-6602	230	8	of	of	ADP
ajfa-6602	230	9	choices	choice	NOUN
ajfa-6602	230	10	.	.	PUNCT
ajfa-6602	231	1	science	science	NOUN
ajfa-6602	231	2	,	,	PUNCT
ajfa-6602	231	3	211	211	NUM
ajfa-6602	231	4	,	,	PUNCT
ajfa-6602	231	5	453	453	NUM
ajfa-6602	231	6	-	-	SYM
ajfa-6602	231	7	458	458	NUM
ajfa-6602	231	8	.	.	PUNCT
ajfa-6602	232	1	http://dx.doi.org/10.1126/science.7455683	http://dx.doi.org/10.1126/science.7455683	NOUN
ajfa-6602	232	2	veld	veld	PROPN
ajfa-6602	232	3	,	,	PUNCT
ajfa-6602	232	4	c.	c.	PROPN
ajfa-6602	232	5	,	,	PUNCT
ajfa-6602	232	6	&	&	CCONJ
ajfa-6602	232	7	veld	veld	PROPN
ajfa-6602	232	8	-	-	PUNCT
ajfa-6602	232	9	merkoulova	merkoulova	PROPN
ajfa-6602	232	10	y.	y.	PROPN
ajfa-6602	232	11	(	(	PUNCT
ajfa-6602	232	12	2008	2008	NUM
ajfa-6602	232	13	)	)	PUNCT
ajfa-6602	232	14	.	.	PUNCT
ajfa-6602	233	1	the	the	DET
ajfa-6602	233	2	risk	risk	NOUN
ajfa-6602	233	3	perceptions	perception	NOUN
ajfa-6602	233	4	of	of	ADP
ajfa-6602	233	5	individual	individual	ADJ
ajfa-6602	233	6	investors	investor	NOUN
ajfa-6602	233	7	,	,	PUNCT
ajfa-6602	233	8	journal	journal	NOUN
ajfa-6602	233	9	of	of	ADP
ajfa-6602	233	10	economic	economic	ADJ
ajfa-6602	233	11	psychology	psychology	NOUN
ajfa-6602	233	12	,	,	PUNCT
ajfa-6602	233	13	29	29	NUM
ajfa-6602	233	14	,	,	PUNCT
ajfa-6602	233	15	226	226	NUM
ajfa-6602	233	16	-	-	SYM
ajfa-6602	233	17	252	252	NUM
ajfa-6602	233	18	.	.	PUNCT
ajfa-6602	234	1	http://dx.doi.org/10.1016/j.joep.2007.07.001	http://dx.doi.org/10.1016/j.joep.2007.07.001	PROPN
ajfa-6602	234	2	asian	asian	ADJ
ajfa-6602	234	3	journal	journal	NOUN
ajfa-6602	234	4	of	of	ADP
ajfa-6602	234	5	finance	finance	PROPN
ajfa-6602	234	6	&	&	CCONJ
ajfa-6602	234	7	accounting	accounting	PROPN
ajfa-6602	234	8	issn	issn	PROPN
ajfa-6602	234	9	1946	1946	NUM
ajfa-6602	234	10	-	-	PUNCT
ajfa-6602	234	11	052x	052x	NOUN
ajfa-6602	234	12	2015	2015	NUM
ajfa-6602	234	13	,	,	PUNCT
ajfa-6602	234	14	vol	vol	NOUN
ajfa-6602	234	15	.	.	PROPN
ajfa-6602	234	16	7	7	NUM
ajfa-6602	234	17	,	,	PUNCT
ajfa-6602	234	18	no	no	INTJ
ajfa-6602	234	19	.	.	NOUN
ajfa-6602	234	20	1	1	NUM
ajfa-6602	234	21	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-6602	234	22	74	74	NUM
ajfa-6602	234	23	weber	weber	PROPN
ajfa-6602	234	24	,	,	PUNCT
ajfa-6602	234	25	e.	e.	PROPN
ajfa-6602	234	26	,	,	PUNCT
ajfa-6602	234	27	blais	blais	PROPN
ajfa-6602	234	28	a.	a.	PROPN
ajfa-6602	234	29	,	,	PUNCT
ajfa-6602	234	30	&	&	CCONJ
ajfa-6602	234	31	betz	betz	PROPN
ajfa-6602	234	32	n.	n.	PROPN
ajfa-6602	234	33	(	(	PUNCT
ajfa-6602	234	34	2002	2002	NUM
ajfa-6602	234	35	)	)	PUNCT
ajfa-6602	234	36	.	.	PUNCT
ajfa-6602	235	1	a	a	DET
ajfa-6602	235	2	domain	domain	NOUN
ajfa-6602	235	3	-	-	PUNCT
ajfa-6602	235	4	specific	specific	ADJ
ajfa-6602	235	5	risk	risk	NOUN
ajfa-6602	235	6	-	-	PUNCT
ajfa-6602	235	7	attitude	attitude	NOUN
ajfa-6602	235	8	scale	scale	NOUN
ajfa-6602	235	9	:	:	PUNCT
ajfa-6602	235	10	measuring	measure	VERB
ajfa-6602	235	11	risk	risk	NOUN
ajfa-6602	235	12	perceptions	perception	NOUN
ajfa-6602	235	13	and	and	CCONJ
ajfa-6602	235	14	risk	risk	NOUN
ajfa-6602	235	15	behaviors	behavior	NOUN
ajfa-6602	235	16	.	.	PUNCT
ajfa-6602	236	1	journal	journal	NOUN
ajfa-6602	236	2	of	of	ADP
ajfa-6602	236	3	behavioral	behavioral	ADJ
ajfa-6602	236	4	decision	decision	NOUN
ajfa-6602	236	5	making	making	NOUN
ajfa-6602	236	6	,	,	PUNCT
ajfa-6602	236	7	15	15	NUM
ajfa-6602	236	8	,	,	PUNCT
ajfa-6602	236	9	263	263	NUM
ajfa-6602	236	10	-	-	SYM
ajfa-6602	236	11	290	290	NUM
ajfa-6602	236	12	.	.	PUNCT
ajfa-6602	237	1	http://dx.doi.org/10.1002/bdm.414	http://dx.doi.org/10.1002/bdm.414	PROPN
ajfa-6602	237	2	wood	wood	PROPN
ajfa-6602	237	3	,	,	PUNCT
ajfa-6602	237	4	r.	r.	PROPN
ajfa-6602	237	5	,	,	PUNCT
ajfa-6602	237	6	&	&	CCONJ
ajfa-6602	237	7	zaichkowsky	zaichkowsky	PROPN
ajfa-6602	237	8	j.	j.	PROPN
ajfa-6602	237	9	l.	l.	PROPN
ajfa-6602	237	10	(	(	PUNCT
ajfa-6602	237	11	2004	2004	NUM
ajfa-6602	237	12	)	)	PUNCT
ajfa-6602	237	13	.	.	PUNCT
ajfa-6602	238	1	attitudes	attitude	NOUN
ajfa-6602	238	2	and	and	CCONJ
ajfa-6602	238	3	the	the	DET
ajfa-6602	238	4	trading	trading	NOUN
ajfa-6602	238	5	behavior	behavior	NOUN
ajfa-6602	238	6	of	of	ADP
ajfa-6602	238	7	stock	stock	NOUN
ajfa-6602	238	8	market	market	NOUN
ajfa-6602	238	9	investors	investor	NOUN
ajfa-6602	238	10	:	:	PUNCT
ajfa-6602	238	11	a	a	DET
ajfa-6602	238	12	segmentation	segmentation	NOUN
ajfa-6602	238	13	approach	approach	NOUN
ajfa-6602	238	14	,	,	PUNCT
ajfa-6602	238	15	journal	journal	NOUN
ajfa-6602	238	16	of	of	ADP
ajfa-6602	238	17	behavioral	behavioral	ADJ
ajfa-6602	238	18	finance	finance	NOUN
ajfa-6602	238	19	,	,	PUNCT
ajfa-6602	238	20	5	5	NUM
ajfa-6602	238	21	,	,	PUNCT
ajfa-6602	238	22	170	170	NUM
ajfa-6602	238	23	-	-	SYM
ajfa-6602	238	24	179	179	NUM
ajfa-6602	238	25	.	.	PUNCT
ajfa-6602	239	1	http://dx.doi.org/10.1207/s15427579jpfm0503_5	http://dx.doi.org/10.1207/s15427579jpfm0503_5	PROPN
ajfa-6602	239	2	asian	asian	PROPN
ajfa-6602	239	3	journal	journal	PROPN
ajfa-6602	239	4	of	of	ADP
ajfa-6602	239	5	finance	finance	PROPN
ajfa-6602	239	6	&	&	CCONJ
ajfa-6602	239	7	accounting	accounting	PROPN
ajfa-6602	239	8	issn	issn	PROPN
ajfa-6602	239	9	1946	1946	NUM
ajfa-6602	239	10	-	-	PUNCT
ajfa-6602	239	11	052x	052x	NOUN
ajfa-6602	239	12	2015	2015	NUM
ajfa-6602	239	13	,	,	PUNCT
ajfa-6602	239	14	vol	vol	NOUN
ajfa-6602	239	15	.	.	PROPN
ajfa-6602	239	16	7	7	NUM
ajfa-6602	239	17	,	,	PUNCT
ajfa-6602	239	18	no	no	INTJ
ajfa-6602	239	19	.	.	NOUN
ajfa-6602	239	20	1	1	NUM
ajfa-6602	239	21	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-6602	239	22	75	75	NUM
ajfa-6602	239	23	appendix	appendix	ADJ
ajfa-6602	239	24	questionnaire	questionnaire	NOUN
ajfa-6602	239	25	of	of	ADP
ajfa-6602	239	26	the	the	DET
ajfa-6602	239	27	respondent	respondent	NOUN
ajfa-6602	239	28	’s	’s	PART
ajfa-6602	239	29	characteristics	characteristic	NOUN
ajfa-6602	239	30	(	(	PUNCT
ajfa-6602	239	31	in	in	ADP
ajfa-6602	239	32	chinese	chinese	ADJ
ajfa-6602	239	33	)	)	PUNCT
ajfa-6602	239	34	1	1	NUM
ajfa-6602	239	35	.	.	PUNCT
ajfa-6602	240	1	your	your	PRON
ajfa-6602	240	2	gender	gender	NOUN
ajfa-6602	240	3	is	be	AUX
ajfa-6602	240	4	:	:	PUNCT
ajfa-6602	240	5	□	□	PUNCT
ajfa-6602	240	6	male	male	ADJ
ajfa-6602	240	7	□	□	PUNCT
ajfa-6602	240	8	female	female	NOUN
ajfa-6602	240	9	.	.	PUNCT
ajfa-6602	241	1	2	2	X
ajfa-6602	241	2	.	.	X
ajfa-6602	241	3	when	when	SCONJ
ajfa-6602	241	4	you	you	PRON
ajfa-6602	241	5	invest	invest	VERB
ajfa-6602	241	6	a	a	DET
ajfa-6602	241	7	specific	specific	ADJ
ajfa-6602	241	8	asset	asset	NOUN
ajfa-6602	241	9	,	,	PUNCT
ajfa-6602	241	10	do	do	AUX
ajfa-6602	241	11	you	you	PRON
ajfa-6602	241	12	consider	consider	VERB
ajfa-6602	241	13	the	the	DET
ajfa-6602	241	14	relationship	relationship	NOUN
ajfa-6602	241	15	between	between	ADP
ajfa-6602	241	16	the	the	DET
ajfa-6602	241	17	asset	asset	NOUN
ajfa-6602	241	18	and	and	CCONJ
ajfa-6602	241	19	your	your	PRON
ajfa-6602	241	20	existing	exist	VERB
ajfa-6602	241	21	portfolio	portfolio	NOUN
ajfa-6602	241	22	?	?	PUNCT
ajfa-6602	242	1	□	□	PUNCT
ajfa-6602	242	2	always	always	ADV
ajfa-6602	242	3	consider	consider	VERB
ajfa-6602	242	4	□	□	PUNCT
ajfa-6602	242	5	often	often	ADV
ajfa-6602	242	6	consider	consider	VERB
ajfa-6602	242	7	□	□	SYM
ajfa-6602	242	8	sometime	sometime	ADV
ajfa-6602	242	9	consider	consider	VERB
ajfa-6602	242	10	□	□	PUNCT
ajfa-6602	242	11	never	never	ADV
ajfa-6602	242	12	consider	consider	VERB
ajfa-6602	242	13	3	3	NUM
ajfa-6602	242	14	.	.	PUNCT
ajfa-6602	243	1	when	when	SCONJ
ajfa-6602	243	2	you	you	PRON
ajfa-6602	243	3	evaluate	evaluate	VERB
ajfa-6602	243	4	the	the	DET
ajfa-6602	243	5	performance	performance	NOUN
ajfa-6602	243	6	of	of	ADP
ajfa-6602	243	7	your	your	PRON
ajfa-6602	243	8	portfolio	portfolio	NOUN
ajfa-6602	243	9	,	,	PUNCT
ajfa-6602	243	10	what	what	PRON
ajfa-6602	243	11	is	be	AUX
ajfa-6602	243	12	your	your	PRON
ajfa-6602	243	13	benchmark	benchmark	NOUN
ajfa-6602	243	14	?	?	PUNCT
ajfa-6602	244	1	□	□	PUNCT
ajfa-6602	244	2	the	the	DET
ajfa-6602	244	3	initial	initial	ADJ
ajfa-6602	244	4	investment	investment	NOUN
ajfa-6602	244	5	□	□	PUNCT
ajfa-6602	244	6	riskfree	riskfree	NOUN
ajfa-6602	244	7	asset	asset	NOUN
ajfa-6602	244	8	□	□	PUNCT
ajfa-6602	244	9	market	market	NOUN
ajfa-6602	244	10	portfolio	portfolio	NOUN
ajfa-6602	244	11	□	□	PUNCT
ajfa-6602	244	12	other	other	ADJ
ajfa-6602	244	13	.	.	PUNCT
ajfa-6602	245	1	4	4	X
ajfa-6602	245	2	.	.	X
ajfa-6602	245	3	investment	investment	NOUN
ajfa-6602	245	4	always	always	ADV
ajfa-6602	245	5	entails	entail	VERB
ajfa-6602	245	6	risks	risk	NOUN
ajfa-6602	245	7	,	,	PUNCT
ajfa-6602	245	8	and	and	CCONJ
ajfa-6602	245	9	high	high	ADJ
ajfa-6602	245	10	risk	risk	NOUN
ajfa-6602	245	11	is	be	AUX
ajfa-6602	245	12	rewarded	reward	VERB
ajfa-6602	245	13	by	by	ADP
ajfa-6602	245	14	high	high	ADJ
ajfa-6602	245	15	return	return	NOUN
ajfa-6602	245	16	.	.	PUNCT
ajfa-6602	246	1	please	please	INTJ
ajfa-6602	246	2	indicate	indicate	VERB
ajfa-6602	246	3	your	your	PRON
ajfa-6602	246	4	risk	risk	NOUN
ajfa-6602	246	5	tolerance	tolerance	NOUN
ajfa-6602	246	6	by	by	ADP
ajfa-6602	246	7	1	1	NUM
ajfa-6602	246	8	to	to	PART
ajfa-6602	246	9	5	5	NUM
ajfa-6602	246	10	,	,	PUNCT
ajfa-6602	246	11	where	where	SCONJ
ajfa-6602	246	12	1	1	NUM
ajfa-6602	246	13	denotes	denote	NOUN
ajfa-6602	246	14	low	low	ADJ
ajfa-6602	246	15	risk	risk	NOUN
ajfa-6602	246	16	tolerance	tolerance	NOUN
ajfa-6602	246	17	and	and	CCONJ
ajfa-6602	246	18	5	5	NUM
ajfa-6602	246	19	denotes	denote	NOUN
ajfa-6602	246	20	high	high	ADJ
ajfa-6602	246	21	risk	risk	NOUN
ajfa-6602	246	22	tolerance	tolerance	NOUN
ajfa-6602	246	23	.	.	PUNCT
ajfa-6602	247	1	5	5	NUM
ajfa-6602	247	2	.	.	NOUN
ajfa-6602	247	3	which	which	DET
ajfa-6602	247	4	project	project	NOUN
ajfa-6602	247	5	you	you	PRON
ajfa-6602	247	6	will	will	AUX
ajfa-6602	247	7	choose	choose	VERB
ajfa-6602	247	8	among	among	ADP
ajfa-6602	247	9	following	follow	VERB
ajfa-6602	247	10	investment	investment	NOUN
ajfa-6602	247	11	opportunities	opportunity	NOUN
ajfa-6602	247	12	:	:	PUNCT
ajfa-6602	247	13	risk	risk	NOUN
ajfa-6602	247	14	expected	expect	VERB
ajfa-6602	247	15	return	return	NOUN
ajfa-6602	247	16	volatility	volatility	NOUN
ajfa-6602	247	17	of	of	ADP
ajfa-6602	247	18	rate	rate	NOUN
ajfa-6602	247	19	of	of	ADP
ajfa-6602	247	20	return	return	NOUN
ajfa-6602	247	21	□	□	PUNCT
ajfa-6602	247	22	very	very	ADV
ajfa-6602	247	23	low	low	ADJ
ajfa-6602	247	24	7.5	7.5	NUM
ajfa-6602	247	25	%	%	NOUN
ajfa-6602	247	26	5%~9	5%~9	NUM
ajfa-6602	247	27	%	%	NOUN
ajfa-6602	247	28	□	□	PUNCT
ajfa-6602	247	29	low	low	ADJ
ajfa-6602	247	30	9.0	9.0	NUM
ajfa-6602	247	31	%	%	NOUN
ajfa-6602	247	32	3%~12	3%~12	NUM
ajfa-6602	247	33	%	%	NOUN
ajfa-6602	247	34	□	□	PUNCT
ajfa-6602	247	35	middle	middle	ADJ
ajfa-6602	247	36	10.5	10.5	NUM
ajfa-6602	247	37	%	%	NOUN
ajfa-6602	247	38	0%~21	0%~21	NOUN
ajfa-6602	247	39	%	%	NOUN
ajfa-6602	247	40	□	□	PUNCT
ajfa-6602	247	41	high	high	ADJ
ajfa-6602	247	42	12.5	12.5	NUM
ajfa-6602	247	43	-3%~25	-3%~25	NUM
ajfa-6602	247	44	%	%	NOUN
ajfa-6602	247	45	□	□	PUNCT
ajfa-6602	247	46	very	very	ADV
ajfa-6602	247	47	high	high	ADJ
ajfa-6602	247	48	13.5	13.5	NUM
ajfa-6602	247	49	%	%	NOUN
ajfa-6602	247	50	-9%~32	-9%~32	NUM
ajfa-6602	247	51	%	%	NOUN