id	sid	tid	token	lemma	pos
fsr-3731	1	1	pii	pii	PROPN
fsr-3731	1	2	:	:	PUNCT
fsr-3731	1	3	1057	1057	NUM
fsr-3731	1	4	-	-	PUNCT
fsr-3731	1	5	0810(94)90021	0810(94)90021	NOUN
fsr-3731	1	6	-	-	PUNCT
fsr-3731	1	7	3	3	NUM
fsr-3731	1	8	financial	financial	ADJ
fsr-3731	1	9	services	service	NOUN
fsr-3731	1	10	review	review	NOUN
fsr-3731	1	11	,	,	PUNCT
fsr-3731	1	12	3(2	3(2	NUM
fsr-3731	1	13	):	):	PUNCT
fsr-3731	1	14	159	159	NUM
fsr-3731	1	15	-	-	SYM
fsr-3731	1	16	165	165	NUM
fsr-3731	1	17	copyright	copyright	NOUN
fsr-3731	1	18	q	q	X
fsr-3731	1	19	1994	1994	NUM
fsr-3731	1	20	by	by	ADP
fsr-3731	1	21	jai	jai	PROPN
fsr-3731	1	22	press	press	PROPN
fsr-3731	1	23	inc	inc	PROPN
fsr-3731	1	24	.	.	PROPN
fsr-3731	1	25	issn	issn	PROPN
fsr-3731	1	26	:	:	PUNCT
fsr-3731	1	27	1057	1057	NUM
fsr-3731	1	28	-	-	SYM
fsr-3731	1	29	0810	0810	NUM
fsr-3731	1	30	all	all	DET
fsr-3731	1	31	rights	right	NOUN
fsr-3731	1	32	of	of	ADP
fsr-3731	1	33	reproduction	reproduction	NOUN
fsr-3731	1	34	in	in	ADP
fsr-3731	1	35	any	any	DET
fsr-3731	1	36	form	form	NOUN
fsr-3731	1	37	reserved	reserve	VERB
fsr-3731	1	38	.	.	PUNCT
fsr-3731	2	1	abstracts	abstract	NOUN
fsr-3731	2	2	of	of	ADP
fsr-3731	2	3	articles	article	NOUN
fsr-3731	2	4	on	on	ADP
fsr-3731	2	5	individual	individual	ADJ
fsr-3731	2	6	financial	financial	ADJ
fsr-3731	2	7	management	management	NOUN
fsr-3731	2	8	edited	edit	VERB
fsr-3731	2	9	by	by	ADP
fsr-3731	2	10	phyllis	phyllis	PROPN
fsr-3731	2	11	schiller	schiller	PROPN
fsr-3731	2	12	myers	myers	PROPN
fsr-3731	2	13	virginia	virginia	PROPN
fsr-3731	2	14	commonwealth	commonwealth	PROPN
fsr-3731	2	15	university	university	PROPN
fsr-3731	2	16	consumption	consumption	NOUN
fsr-3731	2	17	-	-	PUNCT
fsr-3731	2	18	savings	saving	NOUN
fsr-3731	2	19	behavior	behavior	NOUN
fsr-3731	2	20	non	non	ADJ
fsr-3731	2	21	-	-	ADJ
fsr-3731	2	22	marketable	marketable	ADJ
fsr-3731	2	23	assets	asset	NOUN
fsr-3731	2	24	and	and	CCONJ
fsr-3731	2	25	households	household	NOUN
fsr-3731	2	26	’	'	PUNCT
fsr-3731	2	27	portfolio	portfolio	NOUN
fsr-3731	2	28	choices	choice	NOUN
fsr-3731	2	29	:	:	PUNCT
fsr-3731	2	30	a	a	DET
fsr-3731	2	31	case	case	NOUN
fsr-3731	2	32	study	study	NOUN
fsr-3731	2	33	of	of	ADP
fsr-3731	2	34	italy	italy	PROPN
fsr-3731	2	35	,	,	PUNCT
fsr-3731	2	36	claudio	claudio	NOUN
fsr-3731	2	37	giraldi	giraldi	NOUN
fsr-3731	2	38	and	and	CCONJ
fsr-3731	2	39	rony	rony	PROPN
fsr-3731	2	40	hamaui	hamaui	PROPN
fsr-3731	2	41	(	(	PUNCT
fsr-3731	2	42	banca	banca	PROPN
fsr-3731	2	43	commerciale	commerciale	PROPN
fsr-3731	2	44	italiana	italiana	PROPN
fsr-3731	2	45	,	,	PUNCT
fsr-3731	2	46	economic	economic	ADJ
fsr-3731	2	47	research	research	NOUN
fsr-3731	2	48	and	and	CCONJ
fsr-3731	2	49	planning	planning	NOUN
fsr-3731	2	50	department	department	PROPN
fsr-3731	2	51	,	,	PUNCT
fsr-3731	2	52	milan	milan	PROPN
fsr-3731	2	53	,	,	PUNCT
fsr-3731	2	54	italy	italy	PROPN
fsr-3731	2	55	)	)	PUNCT
fsr-3731	2	56	and	and	CCONJ
fsr-3731	2	57	nicola	nicola	PROPN
fsr-3731	2	58	rossi	rossi	PROPN
fsr-3731	2	59	(	(	PUNCT
fsr-3731	2	60	university	university	NOUN
fsr-3731	2	61	of	of	ADP
fsr-3731	2	62	modena	modena	PROPN
fsr-3731	2	63	,	,	PUNCT
fsr-3731	2	64	italy	italy	PROPN
fsr-3731	2	65	)	)	PUNCT
fsr-3731	3	1	this	this	DET
fsr-3731	3	2	paper	paper	NOUN
fsr-3731	3	3	analyzes	analyze	VERB
fsr-3731	3	4	the	the	DET
fsr-3731	3	5	determinants	determinant	NOUN
fsr-3731	3	6	of	of	ADP
fsr-3731	3	7	aggregate	aggregate	ADJ
fsr-3731	3	8	households	household	NOUN
fsr-3731	3	9	’	'	PUNCT
fsr-3731	3	10	portfolio	portfolio	NOUN
fsr-3731	3	11	choices	choice	NOUN
fsr-3731	3	12	conditional	conditional	ADJ
fsr-3731	3	13	on	on	ADP
fsr-3731	3	14	those	those	DET
fsr-3731	3	15	components	component	NOUN
fsr-3731	3	16	of	of	ADP
fsr-3731	3	17	wealth	wealth	NOUN
fsr-3731	3	18	which	which	PRON
fsr-3731	3	19	can	can	AUX
fsr-3731	3	20	be	be	AUX
fsr-3731	3	21	regarded	regard	VERB
fsr-3731	3	22	as	as	ADP
fsr-3731	3	23	highly	highly	ADV
fsr-3731	3	24	or	or	CCONJ
fsr-3731	3	25	totally	totally	ADV
fsr-3731	3	26	illiquid	illiquid	ADJ
fsr-3731	3	27	because	because	SCONJ
fsr-3731	3	28	of	of	ADP
fsr-3731	3	29	the	the	DET
fsr-3731	3	30	existence	existence	NOUN
fsr-3731	3	31	of	of	ADP
fsr-3731	3	32	substantial	substantial	ADJ
fsr-3731	3	33	transaction	transaction	NOUN
fsr-3731	3	34	costs	cost	NOUN
fsr-3731	3	35	and/or	and/or	CCONJ
fsr-3731	3	36	institutional	institutional	ADJ
fsr-3731	3	37	constraints	constraint	NOUN
fsr-3731	3	38	on	on	ADP
fsr-3731	3	39	agents	agent	NOUN
fsr-3731	3	40	behavior	behavior	NOUN
fsr-3731	3	41	.	.	PUNCT
fsr-3731	4	1	the	the	DET
fsr-3731	4	2	empirical	empirical	ADJ
fsr-3731	4	3	analysis	analysis	NOUN
fsr-3731	4	4	broadly	broadly	ADV
fsr-3731	4	5	confirms	confirm	VERB
fsr-3731	4	6	the	the	DET
fsr-3731	4	7	importance	importance	NOUN
fsr-3731	4	8	of	of	ADP
fsr-3731	4	9	the	the	DET
fsr-3731	4	10	above	above	ADJ
fsr-3731	4	11	-	-	PUNCT
fsr-3731	4	12	men	man	NOUN
fsr-3731	4	13	tioned	tione	VERB
fsr-3731	4	14	institutional	institutional	ADJ
fsr-3731	4	15	aspects	aspect	NOUN
fsr-3731	4	16	in	in	ADP
fsr-3731	4	17	the	the	DET
fsr-3731	4	18	allocation	allocation	NOUN
fsr-3731	4	19	of	of	ADP
fsr-3731	4	20	financial	financial	ADJ
fsr-3731	4	21	wealth	wealth	NOUN
fsr-3731	4	22	and	and	CCONJ
fsr-3731	4	23	provides	provide	VERB
fsr-3731	4	24	the	the	DET
fsr-3731	4	25	means	mean	NOUN
fsr-3731	4	26	for	for	ADP
fsr-3731	4	27	addressing	address	VERB
fsr-3731	4	28	some	some	DET
fsr-3731	4	29	interesting	interesting	ADJ
fsr-3731	4	30	questions	question	NOUN
fsr-3731	4	31	regarding	regard	VERB
fsr-3731	4	32	the	the	DET
fsr-3731	4	33	behavior	behavior	NOUN
fsr-3731	4	34	of	of	ADP
fsr-3731	4	35	portfolio	portfolio	NOUN
fsr-3731	4	36	holders	holder	NOUN
fsr-3731	4	37	in	in	ADP
fsr-3731	4	38	financial	financial	ADJ
fsr-3731	4	39	markets	market	NOUN
fsr-3731	4	40	.	.	PUNCT
fsr-3731	5	1	in	in	ADP
fsr-3731	5	2	particular	particular	ADJ
fsr-3731	5	3	,	,	PUNCT
fsr-3731	5	4	it	it	PRON
fsr-3731	5	5	is	be	AUX
fsr-3731	5	6	shown	show	VERB
fsr-3731	5	7	that	that	SCONJ
fsr-3731	5	8	the	the	DET
fsr-3731	5	9	presence	presence	NOUN
fsr-3731	5	10	of	of	ADP
fsr-3731	5	11	non	non	ADJ
fsr-3731	5	12	-	-	ADJ
fsr-3731	5	13	tradable	tradable	ADJ
fsr-3731	5	14	assets	asset	NOUN
fsr-3731	5	15	changes	change	VERB
fsr-3731	5	16	the	the	DET
fsr-3731	5	17	risk	risk	NOUN
fsr-3731	5	18	premia	premia	NOUN
fsr-3731	5	19	on	on	ADP
fsr-3731	5	20	marketable	marketable	ADJ
fsr-3731	5	21	assets	asset	NOUN
fsr-3731	5	22	.	.	PUNCT
fsr-3731	6	1	hence	hence	ADV
fsr-3731	6	2	,	,	PUNCT
fsr-3731	6	3	in	in	ADP
fsr-3731	6	4	cases	case	NOUN
fsr-3731	6	5	such	such	ADJ
fsr-3731	6	6	as	as	ADP
fsr-3731	6	7	the	the	DET
fsr-3731	6	8	italian	italian	ADJ
fsr-3731	6	9	one	one	NOUN
fsr-3731	6	10	,	,	PUNCT
fsr-3731	6	11	where	where	SCONJ
fsr-3731	6	12	the	the	DET
fsr-3731	6	13	state	state	NOUN
fsr-3731	6	14	is	be	AUX
fsr-3731	6	15	both	both	CCONJ
fsr-3731	6	16	the	the	DET
fsr-3731	6	17	issuer	issuer	NOUN
fsr-3731	6	18	of	of	ADP
fsr-3731	6	19	government	government	NOUN
fsr-3731	6	20	securities	security	NOUN
fsr-3731	6	21	and	and	CCONJ
fsr-3731	6	22	the	the	DET
fsr-3731	6	23	collector	collector	NOUN
fsr-3731	6	24	of	of	ADP
fsr-3731	6	25	social	social	ADJ
fsr-3731	6	26	security	security	NOUN
fsr-3731	6	27	funds	fund	NOUN
fsr-3731	6	28	,	,	PUNCT
fsr-3731	6	29	the	the	DET
fsr-3731	6	30	positive	positive	ADJ
fsr-3731	6	31	correlation	correlation	NOUN
fsr-3731	6	32	(	(	PUNCT
fsr-3731	6	33	due	due	ADP
fsr-3731	6	34	to	to	ADP
fsr-3731	6	35	a	a	DET
fsr-3731	6	36	common	common	ADJ
fsr-3731	6	37	default	default	NOUN
fsr-3731	6	38	risk	risk	NOUN
fsr-3731	6	39	)	)	PUNCT
fsr-3731	6	40	between	between	ADP
fsr-3731	6	41	returns	return	NOUN
fsr-3731	6	42	on	on	ADP
fsr-3731	6	43	government	government	NOUN
fsr-3731	6	44	securities	security	NOUN
fsr-3731	6	45	and	and	CCONJ
fsr-3731	6	46	on	on	ADP
fsr-3731	6	47	non	non	ADJ
fsr-3731	6	48	-	-	ADJ
fsr-3731	6	49	marketable	marketable	ADJ
fsr-3731	6	50	assets	asset	NOUN
fsr-3731	6	51	could	could	AUX
fsr-3731	6	52	lead	lead	VERB
fsr-3731	6	53	to	to	ADP
fsr-3731	6	54	a	a	DET
fsr-3731	6	55	higher	high	ADJ
fsr-3731	6	56	cost	cost	NOUN
fsr-3731	6	57	of	of	ADP
fsr-3731	6	58	public	public	ADJ
fsr-3731	6	59	debt	debt	NOUN
fsr-3731	6	60	financing	financing	NOUN
fsr-3731	6	61	.	.	PUNCT
fsr-3731	7	1	journal	journal	NOUN
fsr-3731	7	2	of	of	ADP
fsr-3731	7	3	banking	banking	NOUN
fsr-3731	7	4	and	and	CCONJ
fsr-3731	7	5	finance	finance	NOUN
fsr-3731	7	6	,	,	PUNCT
fsr-3731	7	7	december	december	PROPN
fsr-3731	7	8	1993	1993	NUM
fsr-3731	7	9	,	,	PUNCT
fsr-3731	7	10	17(6	17(6	NUM
fsr-3731	7	11	):	):	PUNCT
fsr-3731	7	12	1171	1171	NUM
fsr-3731	7	13	-	-	SYM
fsr-3731	7	14	l	l	NOUN
fsr-3731	7	15	190	190	NUM
fsr-3731	7	16	.	.	PUNCT
fsr-3731	8	1	(	(	PUNCT
fsr-3731	8	2	reprinted	reprint	VERB
fsr-3731	8	3	with	with	ADP
fsr-3731	8	4	permission	permission	NOUN
fsr-3731	8	5	of	of	ADP
fsr-3731	8	6	the	the	DET
fsr-3731	8	7	north	north	NOUN
fsr-3731	8	8	-	-	PUNCT
fsr-3731	8	9	holland	holland	PROPN
fsr-3731	8	10	publishing	publishing	PROPN
fsr-3731	8	11	company	company	NOUN
fsr-3731	8	12	.	.	PUNCT
fsr-3731	8	13	)	)	PUNCT
fsr-3731	9	1	mental	mental	ADJ
fsr-3731	9	2	accounting	accounting	NOUN
fsr-3731	9	3	and	and	CCONJ
fsr-3731	9	4	outcome	outcome	NOUN
fsr-3731	9	5	contiguity	contiguity	NOUN
fsr-3731	9	6	in	in	ADP
fsr-3731	9	7	consumer	consumer	NOUN
fsr-3731	9	8	-	-	PUNCT
fsr-3731	9	9	borrowing	borrowing	NOUN
fsr-3731	9	10	decisions	decision	NOUN
fsr-3731	9	11	,	,	PUNCT
fsr-3731	9	12	by	by	ADP
fsr-3731	9	13	d.	d.	PROPN
fsr-3731	9	14	eric	eric	PROPN
fsr-3731	9	15	hirst	hirst	PROPN
fsr-3731	9	16	(	(	PUNCT
fsr-3731	9	17	university	university	PROPN
fsr-3731	9	18	of	of	ADP
fsr-3731	9	19	texas	texas	PROPN
fsr-3731	9	20	at	at	ADP
fsr-3731	9	21	austin	austin	PROPN
fsr-3731	9	22	)	)	PUNCT
fsr-3731	9	23	,	,	PUNCT
fsr-3731	9	24	edward	edward	PROPN
fsr-3731	9	25	j.	j.	PROPN
fsr-3731	9	26	joyce	joyce	PROPN
fsr-3731	9	27	(	(	PUNCT
fsr-3731	9	28	university	university	PROPN
fsr-3731	9	29	of	of	ADP
fsr-3731	9	30	minnesota	minnesota	PROPN
fsr-3731	9	31	)	)	PUNCT
fsr-3731	9	32	and	and	CCONJ
fsr-3731	9	33	michael	michael	PROPN
fsr-3731	9	34	s.	s.	PROPN
fsr-3731	9	35	schadewald	schadewald	PROPN
fsr-3731	9	36	(	(	PUNCT
fsr-3731	9	37	university	university	PROPN
fsr-3731	9	38	of	of	ADP
fsr-3731	9	39	wisconsin	wisconsin	PROPN
fsr-3731	9	40	at	at	ADP
fsr-3731	9	41	milwaukee	milwaukee	PROPN
fsr-3731	9	42	)	)	PUNCT
fsr-3731	9	43	.	.	PUNCT
fsr-3731	10	1	research	research	NOUN
fsr-3731	10	2	indicates	indicate	VERB
fsr-3731	10	3	that	that	SCONJ
fsr-3731	10	4	decisions	decision	NOUN
fsr-3731	10	5	are	be	AUX
fsr-3731	10	6	affected	affect	VERB
fsr-3731	10	7	by	by	ADP
fsr-3731	10	8	how	how	SCONJ
fsr-3731	10	9	outcomes	outcome	NOUN
fsr-3731	10	10	are	be	AUX
fsr-3731	10	11	framed	frame	VERB
fsr-3731	10	12	.	.	PUNCT
fsr-3731	11	1	mental	mental	ADJ
fsr-3731	11	2	accounting	accounting	NOUN
fsr-3731	11	3	is	be	AUX
fsr-3731	11	4	a	a	DET
fsr-3731	11	5	type	type	NOUN
fsr-3731	11	6	of	of	ADP
fsr-3731	11	7	framing	framing	NOUN
fsr-3731	11	8	in	in	ADP
fsr-3731	11	9	which	which	PRON
fsr-3731	11	10	individuals	individual	NOUN
fsr-3731	11	11	are	be	AUX
fsr-3731	11	12	hypothesized	hypothesize	VERB
fsr-3731	11	13	to	to	PART
fsr-3731	11	14	form	form	VERB
fsr-3731	11	15	psychological	psychological	ADJ
fsr-3731	11	16	accounts	account	NOUN
fsr-3731	11	17	for	for	ADP
fsr-3731	11	18	the	the	DET
fsr-3731	11	19	costs	cost	NOUN
fsr-3731	11	20	and	and	CCONJ
fsr-3731	11	21	benefits	benefit	NOUN
fsr-3731	11	22	of	of	ADP
fsr-3731	11	23	outcomes	outcome	NOUN
fsr-3731	11	24	.	.	PUNCT
fsr-3731	12	1	prior	prior	ADJ
fsr-3731	12	2	research	research	NOUN
fsr-3731	12	3	has	have	AUX
fsr-3731	12	4	focused	focus	VERB
fsr-3731	12	5	on	on	ADP
fsr-3731	12	6	mental	mental	ADJ
fsr-3731	12	7	accounting	accounting	NOUN
fsr-3731	12	8	’s	’s	PART
fsr-3731	12	9	consequences	consequence	NOUN
fsr-3731	12	10	rather	rather	ADV
fsr-3731	12	11	than	than	ADP
fsr-3731	12	12	its	its	PRON
fsr-3731	12	13	determinants	determinant	NOUN
fsr-3731	12	14	.	.	PUNCT
fsr-3731	13	1	thus	thus	ADV
fsr-3731	13	2	,	,	PUNCT
fsr-3731	13	3	little	little	ADJ
fsr-3731	13	4	is	be	AUX
fsr-3731	13	5	known	know	VERB
fsr-3731	13	6	about	about	ADP
fsr-3731	13	7	the	the	DET
fsr-3731	13	8	processes	process	NOUN
fsr-3731	13	9	that	that	PRON
fsr-3731	13	10	underlie	underlie	VERB
fsr-3731	13	11	mental	mental	ADJ
fsr-3731	13	12	accounting	accounting	NOUN
fsr-3731	13	13	.	.	PUNCT
fsr-3731	14	1	this	this	DET
fsr-3731	14	2	study	study	NOUN
fsr-3731	14	3	investigates	investigate	VERB
fsr-3731	14	4	the	the	DET
fsr-3731	14	5	role	role	NOUN
fsr-3731	14	6	that	that	PRON
fsr-3731	14	7	temporal	temporal	ADJ
fsr-3731	14	8	contiguity	contiguity	NOUN
fsr-3731	14	9	(	(	PUNCT
fsr-3731	14	10	the	the	DET
fsr-3731	14	11	co	co	NOUN
fsr-3731	14	12	-	-	NOUN
fsr-3731	14	13	occurrence	occurrence	NOUN
fsr-3731	14	14	of	of	ADP
fsr-3731	14	15	multiple	multiple	ADJ
fsr-3731	14	16	outcomes	outcome	NOUN
fsr-3731	14	17	)	)	PUNCT
fsr-3731	14	18	plays	play	VERB
fsr-3731	14	19	in	in	ADP
fsr-3731	14	20	mental	mental	ADJ
fsr-3731	14	21	accounting	accounting	NOUN
fsr-3731	14	22	for	for	ADP
fsr-3731	14	23	consumer	consumer	NOUN
fsr-3731	14	24	-	-	PUNCT
fsr-3731	14	25	borrowing	borrowing	NOUN
fsr-3731	14	26	decisions	decision	NOUN
fsr-3731	14	27	.	.	PUNCT
fsr-3731	15	1	thaler	thaler	PROPN
fsr-3731	15	2	’s	’s	PART
fsr-3731	15	3	(	(	PUNCT
fsr-3731	15	4	1985	1985	NUM
fsr-3731	15	5	)	)	PUNCT
fsr-3731	15	6	extension	extension	NOUN
fsr-3731	15	7	of	of	ADP
fsr-3731	15	8	kahneman	kahneman	NOUN
fsr-3731	15	9	and	and	CCONJ
fsr-3731	15	10	tversky	tversky	PROPN
fsr-3731	15	11	’s	’s	PART
fsr-3731	15	12	(	(	PUNCT
fsr-3731	15	13	1979	1979	NUM
fsr-3731	15	14	)	)	PUNCT
fsr-3731	15	15	prospect	prospect	NOUN
fsr-3731	15	16	theory	theory	NOUN
fsr-3731	15	17	was	be	AUX
fsr-3731	15	18	used	use	VERB
fsr-3731	15	19	to	to	PART
fsr-3731	15	20	predict	predict	VERB
fsr-3731	15	21	that	that	SCONJ
fsr-3731	15	22	consumers	consumer	NOUN
fsr-3731	15	23	will	will	AUX
fsr-3731	15	24	prefer	prefer	VERB
fsr-3731	15	25	to	to	PART
fsr-3731	15	26	finance	finance	VERB
fsr-3731	15	27	purchases	purchase	NOUN
fsr-3731	15	28	160	160	NUM
fsr-3731	15	29	financial	financial	ADJ
fsr-3731	15	30	services	service	NOUN
fsr-3731	15	31	review	review	NOUN
fsr-3731	15	32	,	,	PUNCT
fsr-3731	15	33	3(2	3(2	NUM
fsr-3731	15	34	)	)	PUNCT
fsr-3731	15	35	1994	1994	NUM
fsr-3731	15	36	of	of	ADP
fsr-3731	15	37	goods	good	NOUN
fsr-3731	15	38	with	with	ADP
fsr-3731	15	39	loans	loan	NOUN
fsr-3731	15	40	whose	whose	DET
fsr-3731	15	41	terms	term	NOUN
fsr-3731	15	42	correspond	correspond	VERB
fsr-3731	15	43	with	with	ADP
fsr-3731	15	44	the	the	DET
fsr-3731	15	45	life	life	NOUN
fsr-3731	15	46	of	of	ADP
fsr-3731	15	47	the	the	DET
fsr-3731	15	48	good	good	NOUN
fsr-3731	15	49	.	.	PUNCT
fsr-3731	16	1	the	the	DET
fsr-3731	16	2	results	result	NOUN
fsr-3731	16	3	of	of	ADP
fsr-3731	16	4	four	four	NUM
fsr-3731	16	5	experiments	experiment	NOUN
fsr-3731	16	6	involving	involve	VERB
fsr-3731	16	7	13	13	NUM
fsr-3731	16	8	1	1	NUM
fsr-3731	16	9	mba	mba	NOUN
fsr-3731	16	10	students	student	NOUN
fsr-3731	16	11	provide	provide	VERB
fsr-3731	16	12	support	support	NOUN
fsr-3731	16	13	for	for	ADP
fsr-3731	16	14	this	this	DET
fsr-3731	16	15	prediction	prediction	NOUN
fsr-3731	16	16	.	.	PUNCT
fsr-3731	17	1	the	the	DET
fsr-3731	17	2	present	present	ADJ
fsr-3731	17	3	study	study	NOUN
fsr-3731	17	4	adds	add	VERB
fsr-3731	17	5	to	to	ADP
fsr-3731	17	6	our	our	PRON
fsr-3731	17	7	knowledge	knowledge	NOUN
fsr-3731	17	8	of	of	ADP
fsr-3731	17	9	mental	mental	ADJ
fsr-3731	17	10	accounting	accounting	NOUN
fsr-3731	17	11	by	by	ADP
fsr-3731	17	12	examining	examine	VERB
fsr-3731	17	13	the	the	DET
fsr-3731	17	14	effect	effect	NOUN
fsr-3731	17	15	of	of	ADP
fsr-3731	17	16	temporal	temporal	ADJ
fsr-3731	17	17	contiguity	contiguity	NOUN
fsr-3731	17	18	in	in	ADP
fsr-3731	17	19	the	the	DET
fsr-3731	17	20	domain	domain	NOUN
fsr-3731	17	21	of	of	ADP
fsr-3731	17	22	multi	multi	ADJ
fsr-3731	17	23	-	-	ADJ
fsr-3731	17	24	period	period	NOUN
fsr-3731	17	25	costs	cost	NOUN
fsr-3731	17	26	and	and	CCONJ
fsr-3731	17	27	benefits	benefit	NOUN
fsr-3731	17	28	.	.	PUNCT
fsr-3731	18	1	it	it	PRON
fsr-3731	18	2	also	also	ADV
fsr-3731	18	3	adds	add	VERB
fsr-3731	18	4	to	to	ADP
fsr-3731	18	5	the	the	DET
fsr-3731	18	6	consumer	consumer	NOUN
fsr-3731	18	7	behavior	behavior	NOUN
fsr-3731	18	8	literature	literature	NOUN
fsr-3731	18	9	by	by	ADP
fsr-3731	18	10	examining	examine	VERB
fsr-3731	18	11	an	an	DET
fsr-3731	18	12	important	important	ADJ
fsr-3731	18	13	factor	factor	NOUN
fsr-3731	18	14	affecting	affect	VERB
fsr-3731	18	15	debt	debt	NOUN
fsr-3731	18	16	utilization	utilization	NOUN
fsr-3731	18	17	.	.	PUNCT
fsr-3731	19	1	organiza	organiza	PROPN
fsr-3731	19	2	tional	tional	PROPN
fsr-3731	19	3	behavior	behavior	NOUN
fsr-3731	19	4	and	and	CCONJ
fsr-3731	19	5	human	human	ADJ
fsr-3731	19	6	decision	decision	NOUN
fsr-3731	19	7	processes	process	NOUN
fsr-3731	19	8	,	,	PUNCT
fsr-3731	19	9	april	april	PROPN
fsr-3731	19	10	1994,58	1994,58	NUM
fsr-3731	19	11	:	:	PUNCT
fsr-3731	19	12	136	136	NUM
fsr-3731	19	13	-	-	SYM
fsr-3731	19	14	152	152	NUM
fsr-3731	19	15	.	.	PUNCT
fsr-3731	20	1	(	(	PUNCT
fsr-3731	20	2	reprinted	reprint	VERB
fsr-3731	20	3	with	with	ADP
fsr-3731	20	4	permission	permission	NOUN
fsr-3731	20	5	of	of	ADP
fsr-3731	20	6	organizational	organizational	ADJ
fsr-3731	20	7	behavior	behavior	NOUN
fsr-3731	20	8	and	and	CCONJ
fsr-3731	20	9	human	human	ADJ
fsr-3731	20	10	decision	decision	NOUN
fsr-3731	20	11	processes	process	NOUN
fsr-3731	20	12	.	.	PUNCT
fsr-3731	20	13	)	)	PUNCT
fsr-3731	20	14	estate	estate	NOUN
fsr-3731	20	15	planning	planning	NOUN
fsr-3731	20	16	and	and	CCONJ
fsr-3731	20	17	distribution	distribution	NOUN
fsr-3731	20	18	government	government	NOUN
fsr-3731	20	19	intervention	intervention	NOUN
fsr-3731	20	20	as	as	ADP
fsr-3731	20	21	a	a	DET
fsr-3731	20	22	bequest	bequest	NOUN
fsr-3731	20	23	substitute	substitute	NOUN
fsr-3731	20	24	,	,	PUNCT
fsr-3731	20	25	by	by	ADP
fsr-3731	20	26	michel	michel	PROPN
fsr-3731	20	27	strawczynski	strawczynski	PROPN
fsr-3731	20	28	(	(	PUNCT
fsr-3731	20	29	hebrew	hebrew	PROPN
fsr-3731	20	30	university	university	PROPN
fsr-3731	20	31	of	of	ADP
fsr-3731	20	32	jerusalem	jerusalem	PROPN
fsr-3731	20	33	)	)	PUNCT
fsr-3731	20	34	.	.	PUNCT
fsr-3731	21	1	a	a	DET
fsr-3731	21	2	subsequent	subsequent	ADJ
fsr-3731	21	3	generations	generation	NOUN
fsr-3731	21	4	model	model	NOUN
fsr-3731	21	5	is	be	AUX
fsr-3731	21	6	used	use	VERB
fsr-3731	21	7	in	in	ADP
fsr-3731	21	8	order	order	NOUN
fsr-3731	21	9	to	to	PART
fsr-3731	21	10	characterize	characterize	VERB
fsr-3731	21	11	consumption	consumption	NOUN
fsr-3731	21	12	alloca	alloca	NOUN
fsr-3731	21	13	tion	tion	NOUN
fsr-3731	21	14	under	under	ADP
fsr-3731	21	15	the	the	DET
fsr-3731	21	16	future	future	ADJ
fsr-3731	21	17	generation	generation	NOUN
fsr-3731	21	18	’s	’s	PART
fsr-3731	21	19	income	income	NOUN
fsr-3731	21	20	uncertainty	uncertainty	NOUN
fsr-3731	21	21	.	.	PUNCT
fsr-3731	22	1	altruistic	altruistic	ADJ
fsr-3731	22	2	concerns	concern	NOUN
fsr-3731	22	3	towards	towards	ADP
fsr-3731	22	4	future	future	ADJ
fsr-3731	22	5	generations	generation	NOUN
fsr-3731	22	6	give	give	VERB
fsr-3731	22	7	rise	rise	NOUN
fsr-3731	22	8	to	to	ADP
fsr-3731	22	9	‘	'	PUNCT
fsr-3731	22	10	precautionary	precautionary	ADJ
fsr-3731	22	11	bequests	bequest	NOUN
fsr-3731	22	12	’	'	PUNCT
fsr-3731	22	13	which	which	PRON
fsr-3731	22	14	act	act	VERB
fsr-3731	22	15	as	as	ADP
fsr-3731	22	16	a	a	DET
fsr-3731	22	17	hedge	hedge	NOUN
fsr-3731	22	18	on	on	ADP
fsr-3731	22	19	risk	risk	NOUN
fsr-3731	22	20	.	.	PUNCT
fsr-3731	23	1	it	it	PRON
fsr-3731	23	2	is	be	AUX
fsr-3731	23	3	shown	show	VERB
fsr-3731	23	4	that	that	SCONJ
fsr-3731	23	5	given	give	VERB
fsr-3731	23	6	a	a	DET
fsr-3731	23	7	first	first	ADJ
fsr-3731	23	8	-	-	PUNCT
fsr-3731	23	9	order	order	NOUN
fsr-3731	23	10	correlation	correlation	NOUN
fsr-3731	23	11	between	between	ADP
fsr-3731	23	12	mean	mean	VERB
fsr-3731	23	13	future	future	ADJ
fsr-3731	23	14	income	income	NOUN
fsr-3731	23	15	and	and	CCONJ
fsr-3731	23	16	the	the	DET
fsr-3731	23	17	present	present	ADJ
fsr-3731	23	18	generation	generation	NOUN
fsr-3731	23	19	’s	’s	PART
fsr-3731	23	20	income	income	NOUN
fsr-3731	23	21	,	,	PUNCT
fsr-3731	23	22	government	government	NOUN
fsr-3731	23	23	can	can	AUX
fsr-3731	23	24	provide	provide	VERB
fsr-3731	23	25	a	a	DET
fsr-3731	23	26	pareto	pareto	ADJ
fsr-3731	23	27	improvement	improvement	NOUN
fsr-3731	23	28	through	through	ADP
fsr-3731	23	29	a	a	DET
fsr-3731	23	30	tax	tax	NOUN
fsr-3731	23	31	-	-	PUNCT
fsr-3731	23	32	transfer	transfer	NOUN
fsr-3731	23	33	policy	policy	NOUN
fsr-3731	23	34	with	with	ADP
fsr-3731	23	35	universal	universal	ADJ
fsr-3731	23	36	participation	participation	NOUN
fsr-3731	23	37	.	.	PUNCT
fsr-3731	24	1	this	this	DET
fsr-3731	24	2	policy	policy	NOUN
fsr-3731	24	3	acts	act	VERB
fsr-3731	24	4	as	as	ADP
fsr-3731	24	5	a	a	DET
fsr-3731	24	6	substitute	substitute	NOUN
fsr-3731	24	7	for	for	ADP
fsr-3731	24	8	precautionary	precautionary	ADJ
fsr-3731	24	9	bequests	bequest	NOUN
fsr-3731	24	10	.	.	PUNCT
fsr-3731	25	1	distribu	distribu	PROPN
fsr-3731	25	2	tional	tional	PROPN
fsr-3731	25	3	aspects	aspect	NOUN
fsr-3731	25	4	of	of	ADP
fsr-3731	25	5	governmental	governmental	ADJ
fsr-3731	25	6	tax	tax	NOUN
fsr-3731	25	7	-	-	PUNCT
fsr-3731	25	8	transfer	transfer	NOUN
fsr-3731	25	9	policy	policy	NOUN
fsr-3731	25	10	are	be	AUX
fsr-3731	25	11	also	also	ADV
fsr-3731	25	12	discussed	discuss	VERB
fsr-3731	25	13	.	.	PUNCT
fsr-3731	26	1	journal	journal	PROPN
fsr-3731	26	2	of	of	ADP
fsr-3731	26	3	public	public	ADJ
fsr-3731	26	4	economics	economic	NOUN
fsr-3731	26	5	,	,	PUNCT
fsr-3731	26	6	march	march	PROPN
fsr-3731	26	7	1994,53(3	1994,53(3	NOUN
fsr-3731	26	8	):	):	PUNCT
fsr-3731	26	9	477	477	NUM
fsr-3731	26	10	-	-	SYM
fsr-3731	26	11	495	495	NUM
fsr-3731	26	12	.	.	PUNCT
fsr-3731	27	1	(	(	PUNCT
fsr-3731	27	2	reprinted	reprint	VERB
fsr-3731	27	3	with	with	ADP
fsr-3731	27	4	permission	permission	NOUN
fsr-3731	27	5	of	of	ADP
fsr-3731	27	6	journal	journal	NOUN
fsr-3731	27	7	of	of	ADP
fsr-3731	27	8	public	public	ADJ
fsr-3731	27	9	economics	economic	NOUN
fsr-3731	27	10	.	.	PUNCT
fsr-3731	27	11	)	)	PUNCT
fsr-3731	28	1	financial	financial	ADJ
fsr-3731	28	2	services	service	NOUN
fsr-3731	28	3	delivery	delivery	NOUN
fsr-3731	28	4	and	and	CCONJ
fsr-3731	28	5	products	product	NOUN
fsr-3731	28	6	brokerage	brokerage	NOUN
fsr-3731	28	7	commission	commission	NOUN
fsr-3731	28	8	schedules	schedule	NOUN
fsr-3731	28	9	,	,	PUNCT
fsr-3731	28	10	by	by	ADP
fsr-3731	28	11	michael	michael	PROPN
fsr-3731	28	12	j.	j.	PROPN
fsr-3731	28	13	brennan	brennan	PROPN
fsr-3731	28	14	(	(	PUNCT
fsr-3731	28	15	university	university	PROPN
fsr-3731	28	16	of	of	ADP
fsr-3731	28	17	california	california	PROPN
fsr-3731	28	18	,	,	PUNCT
fsr-3731	28	19	los	los	PROPN
fsr-3731	28	20	angeles	angeles	PROPN
fsr-3731	28	21	,	,	PUNCT
fsr-3731	28	22	and	and	CCONJ
fsr-3731	28	23	the	the	DET
fsr-3731	28	24	london	london	PROPN
fsr-3731	28	25	business	business	NOUN
fsr-3731	28	26	school	school	NOUN
fsr-3731	28	27	)	)	PUNCT
fsr-3731	28	28	and	and	CCONJ
fsr-3731	28	29	tarun	tarun	PROPN
fsr-3731	28	30	chordia	chordia	PROPN
fsr-3731	28	31	(	(	PUNCT
fsr-3731	28	32	university	university	NOUN
fsr-3731	28	33	of	of	ADP
fsr-3731	28	34	california	california	PROPN
fsr-3731	28	35	,	,	PUNCT
fsr-3731	28	36	los	los	PROPN
fsr-3731	28	37	angeles	angeles	PROPN
fsr-3731	28	38	)	)	PUNCT
fsr-3731	28	39	.	.	PUNCT
fsr-3731	29	1	it	it	PRON
fsr-3731	29	2	is	be	AUX
fsr-3731	29	3	generally	generally	ADV
fsr-3731	29	4	optimal	optimal	ADJ
fsr-3731	29	5	for	for	ADP
fsr-3731	29	6	risk	risk	NOUN
fsr-3731	29	7	-	-	PUNCT
fsr-3731	29	8	sharing	share	VERB
fsr-3731	29	9	reasons	reason	NOUN
fsr-3731	29	10	to	to	PART
fsr-3731	29	11	base	base	VERB
fsr-3731	29	12	a	a	DET
fsr-3731	29	13	charge	charge	NOUN
fsr-3731	29	14	for	for	ADP
fsr-3731	29	15	information	information	NOUN
fsr-3731	29	16	on	on	ADP
fsr-3731	29	17	the	the	DET
fsr-3731	29	18	signal	signal	ADJ
fsr-3731	29	19	realization	realization	NOUN
fsr-3731	29	20	.	.	PUNCT
fsr-3731	30	1	when	when	SCONJ
fsr-3731	30	2	this	this	PRON
fsr-3731	30	3	is	be	AUX
fsr-3731	30	4	not	not	PART
fsr-3731	30	5	possible	possible	ADJ
fsr-3731	30	6	,	,	PUNCT
fsr-3731	30	7	a	a	DET
fsr-3731	30	8	charge	charge	NOUN
fsr-3731	30	9	based	base	VERB
fsr-3731	30	10	on	on	ADP
fsr-3731	30	11	the	the	DET
fsr-3731	30	12	amount	amount	NOUN
fsr-3731	30	13	of	of	ADP
fsr-3731	30	14	trading	trading	NOUN
fsr-3731	30	15	,	,	PUNCT
fsr-3731	30	16	a	a	DET
fsr-3731	30	17	brokerage	brokerage	NOUN
fsr-3731	30	18	commission	commission	NOUN
fsr-3731	30	19	,	,	PUNCT
fsr-3731	30	20	may	may	AUX
fsr-3731	30	21	be	be	AUX
fsr-3731	30	22	a	a	DET
fsr-3731	30	23	good	good	ADJ
fsr-3731	30	24	alternative	alternative	NOUN
fsr-3731	30	25	.	.	PUNCT
fsr-3731	31	1	the	the	DET
fsr-3731	31	2	optimal	optimal	ADJ
fsr-3731	31	3	brokerage	brokerage	NOUN
fsr-3731	31	4	commission	commission	NOUN
fsr-3731	31	5	schedule	schedule	NOUN
fsr-3731	31	6	is	be	AUX
fsr-3731	31	7	derived	derive	VERB
fsr-3731	31	8	for	for	ADP
fsr-3731	31	9	a	a	DET
fsr-3731	31	10	risk	risk	NOUN
fsr-3731	31	11	-	-	PUNCT
fsr-3731	31	12	neutral	neutral	ADJ
fsr-3731	31	13	information	information	NOUN
fsr-3731	31	14	seller	seller	NOUN
fsr-3731	31	15	faced	face	VERB
fsr-3731	31	16	with	with	ADP
fsr-3731	31	17	risk	risk	NOUN
fsr-3731	31	18	-	-	PUNCT
fsr-3731	31	19	averse	averse	ADJ
fsr-3731	31	20	purchasers	purchaser	NOUN
fsr-3731	31	21	who	who	PRON
fsr-3731	31	22	may	may	AUX
fsr-3731	31	23	differ	differ	VERB
fsr-3731	31	24	in	in	ADP
fsr-3731	31	25	their	their	PRON
fsr-3731	31	26	risk	risk	NOUN
fsr-3731	31	27	aversion	aversion	NOUN
fsr-3731	31	28	.	.	PUNCT
fsr-3731	32	1	revenues	revenue	NOUN
fsr-3731	32	2	from	from	ADP
fsr-3731	32	3	the	the	DET
fsr-3731	32	4	brokerage	brokerage	NOUN
fsr-3731	32	5	commission	commission	NOUN
fsr-3731	32	6	are	be	AUX
fsr-3731	32	7	compared	compare	VERB
fsr-3731	32	8	with	with	ADP
fsr-3731	32	9	those	those	PRON
fsr-3731	32	10	from	from	ADP
fsr-3731	32	11	a	a	DET
fsr-3731	32	12	fixed	fix	VERB
fsr-3731	32	13	charge	charge	NOUN
fsr-3731	32	14	for	for	ADP
fsr-3731	32	15	information	information	NOUN
fsr-3731	32	16	and	and	CCONJ
fsr-3731	32	17	the	the	DET
fsr-3731	32	18	optimal	optimal	ADJ
fsr-3731	32	19	mutual	mutual	ADJ
fsr-3731	32	20	fund	fund	NOUN
fsr-3731	32	21	management	management	NOUN
fsr-3731	32	22	fee	fee	NOUN
fsr-3731	32	23	.	.	PUNCT
fsr-3731	33	1	the	the	DET
fsr-3731	33	2	journal	journal	PROPN
fsr-3731	33	3	of	of	ADP
fsr-3731	33	4	finance	finance	NOUN
fsr-3731	33	5	,	,	PUNCT
fsr-3731	33	6	september	september	PROPN
fsr-3731	33	7	1993,48(4	1993,48(4	PROPN
fsr-3731	33	8	):	):	PUNCT
fsr-3731	33	9	1379	1379	NUM
fsr-3731	33	10	-	-	SYM
fsr-3731	33	11	1402	1402	NUM
fsr-3731	33	12	.	.	PUNCT
fsr-3731	34	1	(	(	PUNCT
fsr-3731	34	2	reprinted	reprint	VERB
fsr-3731	34	3	with	with	ADP
fsr-3731	34	4	permission	permission	NOUN
fsr-3731	34	5	of	of	ADP
fsr-3731	34	6	the	the	DET
fsr-3731	34	7	journal	journal	NOUN
fsr-3731	34	8	offinance	offinance	NOUN
fsr-3731	34	9	.	.	PUNCT
fsr-3731	34	10	)	)	PUNCT
fsr-3731	35	1	implications	implication	NOUN
fsr-3731	35	2	for	for	ADP
fsr-3731	35	3	financial	financial	ADJ
fsr-3731	35	4	planning	planning	NOUN
fsr-3731	35	5	is	be	AUX
fsr-3731	35	6	investing	invest	VERB
fsr-3731	35	7	for	for	ADP
fsr-3731	35	8	the	the	DET
fsr-3731	35	9	long	long	ADJ
fsr-3731	35	10	term	term	NOUN
fsr-3731	35	11	theory	theory	NOUN
fsr-3731	35	12	or	or	CCONJ
fsr-3731	35	13	just	just	ADV
fsr-3731	35	14	mumbo	mumbo	NOUN
fsr-3731	35	15	-	-	PUNCT
fsr-3731	35	16	jumbo	jumbo	NOUN
fsr-3731	35	17	?	?	PUNCT
fsr-3731	35	18	,	,	PUNCT
fsr-3731	35	19	by	by	ADP
fsr-3731	35	20	p.l	p.l	PROPN
fsr-3731	35	21	.	.	PROPN
fsr-3731	35	22	bernstein	bernstein	PROPN
fsr-3731	35	23	.	.	PUNCT
fsr-3731	36	1	in	in	ADP
fsr-3731	36	2	academic	academic	ADJ
fsr-3731	36	3	models	model	NOUN
fsr-3731	36	4	and	and	CCONJ
fsr-3731	36	5	in	in	ADP
fsr-3731	36	6	wall	wall	PROPN
fsr-3731	36	7	street	street	PROPN
fsr-3731	36	8	,	,	PUNCT
fsr-3731	36	9	investment	investment	NOUN
fsr-3731	36	10	“	"	PUNCT
fsr-3731	36	11	for	for	ADP
fsr-3731	36	12	the	the	DET
fsr-3731	36	13	long	long	ADJ
fsr-3731	36	14	run	run	NOUN
fsr-3731	36	15	”	"	PUNCT
fsr-3731	36	16	presumes	presume	VERB
fsr-3731	36	17	the	the	DET
fsr-3731	36	18	existence	existence	NOUN
fsr-3731	36	19	of	of	ADP
fsr-3731	36	20	a	a	DET
fsr-3731	36	21	long	long	ADV
fsr-3731	36	22	-	-	PUNCT
fsr-3731	36	23	run	run	NOUN
fsr-3731	36	24	trend	trend	NOUN
fsr-3731	36	25	.	.	PUNCT
fsr-3731	37	1	the	the	DET
fsr-3731	37	2	notions	notion	NOUN
fsr-3731	37	3	of	of	ADP
fsr-3731	37	4	“	"	PUNCT
fsr-3731	37	5	undervaluation	undervaluation	NOUN
fsr-3731	37	6	”	"	PUNCT
fsr-3731	37	7	and	and	CCONJ
fsr-3731	37	8	“	"	PUNCT
fsr-3731	37	9	overvaluation	overvaluation	NOUN
fsr-3731	37	10	”	"	PUNCT
fsr-3731	37	11	implies	imply	VERB
fsr-3731	37	12	a	a	DET
fsr-3731	37	13	“	"	PUNCT
fsr-3731	37	14	regression	regression	NOUN
fsr-3731	37	15	to	to	ADP
fsr-3731	37	16	the	the	DET
fsr-3731	37	17	mean	mean	NOUN
fsr-3731	37	18	.	.	PUNCT
fsr-3731	37	19	”	"	PUNCT
fsr-3731	38	1	the	the	DET
fsr-3731	38	2	long	long	ADJ
fsr-3731	38	3	run	run	NOUN
fsr-3731	38	4	in	in	ADP
fsr-3731	38	5	the	the	DET
fsr-3731	38	6	popular	popular	ADJ
fsr-3731	38	7	view	view	NOUN
fsr-3731	38	8	is	be	AUX
fsr-3731	38	9	a	a	DET
fsr-3731	38	10	process	process	NOUN
fsr-3731	38	11	that	that	PRON
fsr-3731	38	12	smooths	smooth	VERB
fsr-3731	38	13	the	the	DET
fsr-3731	38	14	bumps	bump	NOUN
fsr-3731	38	15	and	and	CCONJ
fsr-3731	38	16	captures	capture	VERB
fsr-3731	38	17	the	the	DET
fsr-3731	38	18	main	main	ADJ
fsr-3731	38	19	trend	trend	NOUN
fsr-3731	38	20	.	.	PUNCT
fsr-3731	39	1	in	in	ADP
fsr-3731	39	2	reality	reality	NOUN
fsr-3731	39	3	,	,	PUNCT
fsr-3731	39	4	the	the	DET
fsr-3731	39	5	long	long	ADJ
fsr-3731	39	6	run	run	NOUN
fsr-3731	39	7	is	be	AUX
fsr-3731	39	8	a	a	DET
fsr-3731	39	9	complex	complex	ADJ
fsr-3731	39	10	,	,	PUNCT
fsr-3731	39	11	ambiguous	ambiguous	ADJ
fsr-3731	39	12	,	,	PUNCT
fsr-3731	39	13	and	and	CCONJ
fsr-3731	39	14	abstracts	abstract	NOUN
fsr-3731	39	15	of	of	ADP
fsr-3731	39	16	articles	article	NOUN
fsr-3731	39	17	on	on	ADP
fsr-3731	39	18	individual	individual	ADJ
fsr-3731	39	19	financial	financial	ADJ
fsr-3731	39	20	management	management	NOUN
fsr-3731	39	21	161	161	NUM
fsr-3731	39	22	elusive	elusive	ADJ
fsr-3731	39	23	concept	concept	NOUN
fsr-3731	39	24	in	in	ADP
fsr-3731	39	25	which	which	PRON
fsr-3731	39	26	volatility	volatility	NOUN
fsr-3731	39	27	as	as	ADV
fsr-3731	39	28	well	well	ADV
fsr-3731	39	29	as	as	ADP
fsr-3731	39	30	liquidity	liquidity	NOUN
fsr-3731	39	31	matter	matter	NOUN
fsr-3731	39	32	.	.	PUNCT
fsr-3731	40	1	volatility	volatility	NOUN
fsr-3731	40	2	is	be	AUX
fsr-3731	40	3	unimportant	unimportant	ADJ
fsr-3731	40	4	only	only	ADV
fsr-3731	40	5	if	if	SCONJ
fsr-3731	40	6	liquidity	liquidity	NOUN
fsr-3731	40	7	is	be	AUX
fsr-3731	40	8	unimportant	unimportant	ADJ
fsr-3731	40	9	.	.	PUNCT
fsr-3731	41	1	if	if	SCONJ
fsr-3731	41	2	liquidity	liquidity	NOUN
fsr-3731	41	3	is	be	AUX
fsr-3731	41	4	important	important	ADJ
fsr-3731	41	5	,	,	PUNCT
fsr-3731	41	6	in	in	ADP
fsr-3731	41	7	the	the	DET
fsr-3731	41	8	long	long	ADJ
fsr-3731	41	9	run	run	NOUN
fsr-3731	41	10	,	,	PUNCT
fsr-3731	41	11	one	one	PRON
fsr-3731	41	12	can	can	AUX
fsr-3731	41	13	not	not	PART
fsr-3731	41	14	presume	presume	VERB
fsr-3731	41	15	that	that	SCONJ
fsr-3731	41	16	a	a	DET
fsr-3731	41	17	volatile	volatile	ADJ
fsr-3731	41	18	investment	investment	NOUN
fsr-3731	41	19	will	will	AUX
fsr-3731	41	20	regress	regress	VERB
fsr-3731	41	21	to	to	ADP
fsr-3731	41	22	the	the	DET
fsr-3731	41	23	mean	mean	NOUN
fsr-3731	41	24	.	.	PUNCT
fsr-3731	42	1	journal	journal	NOUN
fsr-3731	42	2	of	of	ADP
fsr-3731	42	3	post	post	PROPN
fsr-3731	42	4	keynesian	keynesian	ADJ
fsr-3731	42	5	economics	economic	NOUN
fsr-3731	42	6	,	,	PUNCT
fsr-3731	42	7	spring	spring	NOUN
fsr-3731	42	8	1993	1993	NUM
fsr-3731	42	9	,	,	PUNCT
fsr-3731	42	10	15(3	15(3	NUM
fsr-3731	42	11	):	):	PUNCT
fsr-3731	42	12	387	387	NUM
fsr-3731	42	13	-	-	NUM
fsr-3731	42	14	393	393	NUM
fsr-3731	42	15	.	.	PUNCT
fsr-3731	43	1	(	(	PUNCT
fsr-3731	43	2	reprinted	reprint	VERB
fsr-3731	43	3	with	with	ADP
fsr-3731	43	4	permission	permission	NOUN
fsr-3731	43	5	of	of	ADP
fsr-3731	43	6	economic	economic	ADJ
fsr-3731	43	7	literature	literature	NOUN
fsr-3731	43	8	.	.	PUNCT
fsr-3731	43	9	)	)	PUNCT
fsr-3731	44	1	insurance	insurance	NOUN
fsr-3731	44	2	decision	decision	NOUN
fsr-3731	44	3	and	and	CCONJ
fsr-3731	44	4	individual	individual	ADJ
fsr-3731	44	5	risk	risk	NOUN
fsr-3731	44	6	management	management	NOUN
fsr-3731	44	7	the	the	DET
fsr-3731	44	8	inefficiency	inefficiency	NOUN
fsr-3731	44	9	of	of	ADP
fsr-3731	44	10	private	private	ADJ
fsr-3731	44	11	constant	constant	ADJ
fsr-3731	44	12	annuities	annuity	NOUN
fsr-3731	44	13	,	,	PUNCT
fsr-3731	44	14	by	by	ADP
fsr-3731	44	15	tadashi	tadashi	PROPN
fsr-3731	44	16	yagi	yagi	PROPN
fsr-3731	44	17	(	(	PUNCT
fsr-3731	44	18	nagoya	nagoya	PROPN
fsr-3731	44	19	university	university	PROPN
fsr-3731	44	20	)	)	PUNCT
fsr-3731	44	21	and	and	CCONJ
fsr-3731	44	22	yasuyuki	yasuyuki	NOUN
fsr-3731	44	23	nishigaki	nishigaki	NOUN
fsr-3731	44	24	(	(	PUNCT
fsr-3731	44	25	yokkaichi	yokkaichi	PROPN
fsr-3731	44	26	university	university	NOUN
fsr-3731	44	27	)	)	PUNCT
fsr-3731	44	28	.	.	PUNCT
fsr-3731	45	1	this	this	DET
fsr-3731	45	2	article	article	NOUN
fsr-3731	45	3	investigates	investigate	VERB
fsr-3731	45	4	why	why	SCONJ
fsr-3731	45	5	individuals	individual	NOUN
fsr-3731	45	6	save	save	VERB
fsr-3731	45	7	to	to	PART
fsr-3731	45	8	finance	finance	VERB
fsr-3731	45	9	consumption	consumption	NOUN
fsr-3731	45	10	during	during	ADP
fsr-3731	45	11	retire	retire	NOUN
fsr-3731	45	12	ment	ment	NOUN
fsr-3731	45	13	,	,	PUNCT
fsr-3731	45	14	and	and	CCONJ
fsr-3731	45	15	we	we	PRON
fsr-3731	45	16	focus	focus	VERB
fsr-3731	45	17	this	this	DET
fsr-3731	45	18	investigation	investigation	NOUN
fsr-3731	45	19	on	on	ADP
fsr-3731	45	20	the	the	DET
fsr-3731	45	21	inefficiency	inefficiency	NOUN
fsr-3731	45	22	of	of	ADP
fsr-3731	45	23	constant	constant	ADJ
fsr-3731	45	24	annuities	annuity	NOUN
fsr-3731	45	25	.	.	PUNCT
fsr-3731	46	1	to	to	PART
fsr-3731	46	2	thoroughly	thoroughly	ADV
fsr-3731	46	3	examine	examine	VERB
fsr-3731	46	4	this	this	DET
fsr-3731	46	5	problem	problem	NOUN
fsr-3731	46	6	,	,	PUNCT
fsr-3731	46	7	we	we	PRON
fsr-3731	46	8	first	first	ADV
fsr-3731	46	9	derive	derive	VERB
fsr-3731	46	10	the	the	DET
fsr-3731	46	11	demand	demand	NOUN
fsr-3731	46	12	function	function	NOUN
fsr-3731	46	13	for	for	ADP
fsr-3731	46	14	the	the	DET
fsr-3731	46	15	annuities	annuity	NOUN
fsr-3731	46	16	in	in	ADP
fsr-3731	46	17	the	the	DET
fsr-3731	46	18	case	case	NOUN
fsr-3731	46	19	where	where	SCONJ
fsr-3731	46	20	the	the	DET
fsr-3731	46	21	capital	capital	NOUN
fsr-3731	46	22	market	market	NOUN
fsr-3731	46	23	is	be	AUX
fsr-3731	46	24	imperfect	imperfect	ADJ
fsr-3731	46	25	and	and	CCONJ
fsr-3731	46	26	the	the	DET
fsr-3731	46	27	annuities	annuity	NOUN
fsr-3731	46	28	are	be	AUX
fsr-3731	46	29	constrained	constrain	VERB
fsr-3731	46	30	to	to	PART
fsr-3731	46	31	be	be	AUX
fsr-3731	46	32	constant	constant	ADJ
fsr-3731	46	33	throughout	throughout	ADP
fsr-3731	46	34	the	the	DET
fsr-3731	46	35	retirement	retirement	NOUN
fsr-3731	46	36	period	period	NOUN
fsr-3731	46	37	.	.	PUNCT
fsr-3731	47	1	with	with	ADP
fsr-3731	47	2	these	these	DET
fsr-3731	47	3	constraints	constraint	NOUN
fsr-3731	47	4	,	,	PUNCT
fsr-3731	47	5	we	we	PRON
fsr-3731	47	6	then	then	ADV
fsr-3731	47	7	show	show	VERB
fsr-3731	47	8	that	that	SCONJ
fsr-3731	47	9	the	the	DET
fsr-3731	47	10	individual	individual	NOUN
fsr-3731	47	11	holds	hold	VERB
fsr-3731	47	12	assets	asset	NOUN
fsr-3731	47	13	not	not	PART
fsr-3731	47	14	only	only	ADV
fsr-3731	47	15	in	in	ADP
fsr-3731	47	16	the	the	DET
fsr-3731	47	17	form	form	NOUN
fsr-3731	47	18	of	of	ADP
fsr-3731	47	19	actuarial	actuarial	ADJ
fsr-3731	47	20	notes	note	NOUN
fsr-3731	47	21	but	but	CCONJ
fsr-3731	47	22	also	also	ADV
fsr-3731	47	23	in	in	ADP
fsr-3731	47	24	the	the	DET
fsr-3731	47	25	form	form	NOUN
fsr-3731	47	26	of	of	ADP
fsr-3731	47	27	monetary	monetary	ADJ
fsr-3731	47	28	wealth	wealth	NOUN
fsr-3731	47	29	.	.	PUNCT
fsr-3731	48	1	the	the	DET
fsr-3731	48	2	journal	journal	NOUN
fsr-3731	48	3	of	of	ADP
fsr-3731	48	4	risk	risk	NOUN
fsr-3731	48	5	and	and	CCONJ
fsr-3731	48	6	insurance	insurance	NOUN
fsr-3731	48	7	,	,	PUNCT
fsr-3731	48	8	september	september	PROPN
fsr-3731	48	9	1993,60(3	1993,60(3	NUM
fsr-3731	48	10	):	):	PUNCT
fsr-3731	48	11	385412	385412	NUM
fsr-3731	48	12	.	.	PUNCT
fsr-3731	49	1	(	(	PUNCT
fsr-3731	49	2	reprinted	reprint	VERB
fsr-3731	49	3	with	with	ADP
fsr-3731	49	4	permission	permission	NOUN
fsr-3731	49	5	of	of	ADP
fsr-3731	49	6	the	the	DET
fsr-3731	49	7	journal	journal	NOUN
fsr-3731	49	8	of	of	ADP
fsr-3731	49	9	risk	risk	NOUN
fsr-3731	49	10	and	and	CCONJ
fsr-3731	49	11	insurance	insurance	NOUN
fsr-3731	49	12	.	.	PUNCT
fsr-3731	49	13	)	)	PUNCT
fsr-3731	50	1	consumer	consumer	NOUN
fsr-3731	50	2	information	information	NOUN
fsr-3731	50	3	and	and	CCONJ
fsr-3731	50	4	decisions	decision	NOUN
fsr-3731	50	5	to	to	PART
fsr-3731	50	6	switch	switch	VERB
fsr-3731	50	7	insurers	insurer	NOUN
fsr-3731	50	8	,	,	PUNCT
fsr-3731	50	9	harris	harris	PROPN
fsr-3731	50	10	schlesinger	schlesinger	PROPN
fsr-3731	50	11	(	(	PUNCT
fsr-3731	50	12	university	university	NOUN
fsr-3731	50	13	of	of	ADP
fsr-3731	50	14	alabama	alabama	PROPN
fsr-3731	50	15	)	)	PUNCT
fsr-3731	50	16	and	and	CCONJ
fsr-3731	50	17	j.-matthias	j.-matthias	PROPN
fsr-3731	50	18	graf	graf	PROPN
fsr-3731	50	19	von	von	PROPN
fsr-3731	50	20	der	der	PROPN
fsr-3731	50	21	schulenburg	schulenburg	PROPN
fsr-3731	50	22	(	(	PUNCT
fsr-3731	50	23	university	university	NOUN
fsr-3731	50	24	of	of	ADP
fsr-3731	50	25	hanover	hanover	PROPN
fsr-3731	50	26	)	)	PUNCT
fsr-3731	50	27	.	.	PUNCT
fsr-3731	51	1	this	this	DET
fsr-3731	51	2	article	article	NOUN
fsr-3731	51	3	examines	examine	VERB
fsr-3731	51	4	the	the	DET
fsr-3731	51	5	interaction	interaction	NOUN
fsr-3731	51	6	of	of	ADP
fsr-3731	51	7	various	various	ADJ
fsr-3731	51	8	factors	factor	NOUN
fsr-3731	51	9	in	in	ADP
fsr-3731	51	10	an	an	DET
fsr-3731	51	11	individual	individual	NOUN
fsr-3731	51	12	’s	’s	PART
fsr-3731	51	13	decision	decision	NOUN
fsr-3731	51	14	to	to	PART
fsr-3731	51	15	switch	switch	VERB
fsr-3731	51	16	insurers	insurer	NOUN
fsr-3731	51	17	.	.	PUNCT
fsr-3731	52	1	in	in	ADP
fsr-3731	52	2	particular	particular	ADJ
fsr-3731	52	3	,	,	PUNCT
fsr-3731	52	4	expectations	expectation	NOUN
fsr-3731	52	5	about	about	ADP
fsr-3731	52	6	insurer	insurer	NOUN
fsr-3731	52	7	quality	quality	NOUN
fsr-3731	52	8	attributes	attribute	VERB
fsr-3731	52	9	as	as	ADV
fsr-3731	52	10	well	well	ADV
fsr-3731	52	11	as	as	ADP
fsr-3731	52	12	search	search	NOUN
fsr-3731	52	13	costs	cost	NOUN
fsr-3731	52	14	and	and	CCONJ
fsr-3731	52	15	switching	switch	VERB
fsr-3731	52	16	costs	cost	NOUN
fsr-3731	52	17	are	be	AUX
fsr-3731	52	18	modeled	model	VERB
fsr-3731	52	19	as	as	ADP
fsr-3731	52	20	affecting	affect	VERB
fsr-3731	52	21	the	the	DET
fsr-3731	52	22	consumer	consumer	NOUN
fsr-3731	52	23	’s	’s	NOUN
fsr-3731	52	24	switching	switch	VERB
fsr-3731	52	25	decision	decision	NOUN
fsr-3731	52	26	.	.	PUNCT
fsr-3731	53	1	data	datum	NOUN
fsr-3731	53	2	from	from	ADP
fsr-3731	53	3	a	a	DET
fsr-3731	53	4	1983	1983	NUM
fsr-3731	53	5	survey	survey	NOUN
fsr-3731	53	6	of	of	ADP
fsr-3731	53	7	2,004	2,004	NUM
fsr-3731	53	8	german	german	ADJ
fsr-3731	53	9	individuals	individual	NOUN
fsr-3731	53	10	are	be	AUX
fsr-3731	53	11	used	use	VERB
fsr-3731	53	12	to	to	PART
fsr-3731	53	13	determine	determine	VERB
fsr-3731	53	14	consumers	consumer	NOUN
fsr-3731	53	15	’	’	PART
fsr-3731	53	16	impres	impre	NOUN
fsr-3731	53	17	sions	sion	NOUN
fsr-3731	53	18	about	about	ADP
fsr-3731	53	19	the	the	DET
fsr-3731	53	20	quality	quality	NOUN
fsr-3731	53	21	and	and	CCONJ
fsr-3731	53	22	price	price	NOUN
fsr-3731	53	23	of	of	ADP
fsr-3731	53	24	their	their	PRON
fsr-3731	53	25	auto	auto	NOUN
fsr-3731	53	26	insurance	insurance	NOUN
fsr-3731	53	27	policies	policy	NOUN
fsr-3731	53	28	.	.	PUNCT
fsr-3731	54	1	the	the	DET
fsr-3731	54	2	empirical	empirical	ADJ
fsr-3731	54	3	analysis	analysis	NOUN
fsr-3731	54	4	shows	show	VERB
fsr-3731	54	5	how	how	SCONJ
fsr-3731	54	6	consumer	consumer	NOUN
fsr-3731	54	7	informedness	informedness	NOUN
fsr-3731	54	8	plays	play	VERB
fsr-3731	54	9	a	a	DET
fsr-3731	54	10	key	key	ADJ
fsr-3731	54	11	role	role	NOUN
fsr-3731	54	12	in	in	ADP
fsr-3731	54	13	the	the	DET
fsr-3731	54	14	switching	switch	VERB
fsr-3731	54	15	decision	decision	NOUN
fsr-3731	54	16	.	.	PUNCT
fsr-3731	55	1	factors	factor	NOUN
fsr-3731	55	2	affecting	affect	VERB
fsr-3731	55	3	consumer	consumer	NOUN
fsr-3731	55	4	informedness	informedness	NOUN
fsr-3731	55	5	and	and	CCONJ
fsr-3731	55	6	the	the	DET
fsr-3731	55	7	sources	source	NOUN
fsr-3731	55	8	of	of	ADP
fsr-3731	55	9	consumer	consumer	NOUN
fsr-3731	55	10	information	information	NOUN
fsr-3731	55	11	also	also	ADV
fsr-3731	55	12	are	be	AUX
fsr-3731	55	13	exam	exam	NOUN
fsr-3731	55	14	ined	ine	VERB
fsr-3731	55	15	.	.	PUNCT
fsr-3731	56	1	the	the	DET
fsr-3731	56	2	journal	journal	NOUN
fsr-3731	56	3	of	of	ADP
fsr-3731	56	4	risk	risk	NOUN
fsr-3731	56	5	and	and	CCONJ
fsr-3731	56	6	insurance	insurance	NOUN
fsr-3731	56	7	,	,	PUNCT
fsr-3731	56	8	december	december	PROPN
fsr-3731	56	9	1993,60(4	1993,60(4	NUM
fsr-3731	56	10	):	):	PUNCT
fsr-3731	56	11	591	591	NUM
fsr-3731	56	12	-	-	SYM
fsr-3731	56	13	615	615	NUM
fsr-3731	56	14	.	.	PUNCT
fsr-3731	57	1	(	(	PUNCT
fsr-3731	57	2	reprinted	reprint	VERB
fsr-3731	57	3	with	with	ADP
fsr-3731	57	4	the	the	DET
fsr-3731	57	5	permission	permission	NOUN
fsr-3731	57	6	of	of	ADP
fsr-3731	57	7	the	the	DET
fsr-3731	57	8	journal	journal	NOUN
fsr-3731	57	9	of	of	ADP
fsr-3731	57	10	risk	risk	NOUN
fsr-3731	57	11	and	and	CCONJ
fsr-3731	57	12	insurance	insurance	NOUN
fsr-3731	57	13	.	.	PUNCT
fsr-3731	57	14	)	)	PUNCT
fsr-3731	58	1	investment	investment	NOUN
fsr-3731	58	2	performance	performance	NOUN
fsr-3731	58	3	investment	investment	NOUN
fsr-3731	58	4	performance	performance	NOUN
fsr-3731	58	5	over	over	ADP
fsr-3731	58	6	bull	bull	NOUN
fsr-3731	58	7	and	and	CCONJ
fsr-3731	58	8	bear	bear	NOUN
fsr-3731	58	9	markets	market	NOUN
fsr-3731	58	10	:	:	PUNCT
fsr-3731	58	11	fabozzi	fabozzi	NOUN
fsr-3731	58	12	and	and	CCONJ
fsr-3731	58	13	francis	francis	PROPN
fsr-3731	58	14	revisited	revisit	VERB
fsr-3731	58	15	,	,	PUNCT
fsr-3731	58	16	by	by	ADP
fsr-3731	58	17	john	john	PROPN
fsr-3731	58	18	m.	m.	PROPN
fsr-3731	58	19	clinebell	clinebell	PROPN
fsr-3731	58	20	(	(	PUNCT
fsr-3731	58	21	university	university	NOUN
fsr-3731	58	22	of	of	ADP
fsr-3731	58	23	northern	northern	ADJ
fsr-3731	58	24	colorado	colorado	PROPN
fsr-3731	58	25	)	)	PUNCT
fsr-3731	58	26	,	,	PUNCT
fsr-3731	58	27	jan	jan	PROPN
fsr-3731	58	28	r.	r.	PROPN
fsr-3731	58	29	squires	squires	PROPN
fsr-3731	58	30	(	(	PUNCT
fsr-3731	58	31	southwest	southwest	PROPN
fsr-3731	58	32	missouri	missouri	PROPN
fsr-3731	58	33	state	state	PROPN
fsr-3731	58	34	university	university	PROPN
fsr-3731	58	35	)	)	PUNCT
fsr-3731	58	36	and	and	CCONJ
fsr-3731	58	37	jerry	jerry	PROPN
fsr-3731	58	38	l.	l.	PROPN
fsr-3731	58	39	stevens	stevens	PROPN
fsr-3731	58	40	(	(	PUNCT
fsr-3731	58	41	university	university	NOUN
fsr-3731	58	42	of	of	ADP
fsr-3731	58	43	richmond	richmond	PROPN
fsr-3731	58	44	)	)	PUNCT
fsr-3731	58	45	.	.	PUNCT
fsr-3731	59	1	fabozzi	fabozzi	PROPN
fsr-3731	59	2	and	and	CCONJ
fsr-3731	59	3	francis	francis	PROPN
fsr-3731	59	4	present	present	VERB
fsr-3731	59	5	strong	strong	ADJ
fsr-3731	59	6	evidence	evidence	NOUN
fsr-3731	59	7	in	in	ADP
fsr-3731	59	8	a	a	DET
fsr-3731	59	9	widely	widely	ADV
fsr-3731	59	10	referenced	reference	VERB
fsr-3731	59	11	paper	paper	NOUN
fsr-3731	59	12	that	that	PRON
fsr-3731	59	13	alpha	alpha	NOUN
fsr-3731	59	14	and	and	CCONJ
fsr-3731	59	15	beta	beta	NOUN
fsr-3731	59	16	measures	measure	NOUN
fsr-3731	59	17	do	do	AUX
fsr-3731	59	18	not	not	PART
fsr-3731	59	19	change	change	VERB
fsr-3731	59	20	over	over	ADP
fsr-3731	59	21	bull	bull	NOUN
fsr-3731	59	22	and	and	CCONJ
fsr-3731	59	23	bear	bear	NOUN
fsr-3731	59	24	markets	market	NOUN
fsr-3731	59	25	.	.	PUNCT
fsr-3731	60	1	test	test	NOUN
fsr-3731	60	2	procedures	procedure	NOUN
fsr-3731	60	3	used	use	VERB
fsr-3731	60	4	by	by	ADP
fsr-3731	60	5	fabozzi	fabozzi	NOUN
fsr-3731	60	6	and	and	CCONJ
fsr-3731	60	7	francis	francis	PROPN
fsr-3731	60	8	are	be	AUX
fsr-3731	60	9	replicated	replicate	VERB
fsr-3731	60	10	in	in	ADP
fsr-3731	60	11	this	this	DET
fsr-3731	60	12	paper	paper	NOUN
fsr-3731	60	13	for	for	ADP
fsr-3731	60	14	new	new	ADJ
fsr-3731	60	15	samples	sample	NOUN
fsr-3731	60	16	and	and	CCONJ
fsr-3731	60	17	for	for	ADP
fsr-3731	60	18	more	more	ADJ
fsr-3731	60	19	current	current	ADJ
fsr-3731	60	20	periods	period	NOUN
fsr-3731	60	21	.	.	PUNCT
fsr-3731	61	1	unlike	unlike	ADP
fsr-3731	61	2	the	the	DET
fsr-3731	61	3	findings	finding	NOUN
fsr-3731	61	4	of	of	ADP
fsr-3731	61	5	fabozzi	fabozzi	PROPN
fsr-3731	61	6	and	and	CCONJ
fsr-3731	61	7	francis	francis	PROPN
fsr-3731	61	8	,	,	PUNCT
fsr-3731	61	9	stocks	stock	NOUN
fsr-3731	61	10	exhibiting	exhibit	VERB
fsr-3731	61	11	statistically	statistically	ADV
fsr-3731	61	12	different	different	ADJ
fsr-3731	61	13	beta	beta	ADJ
fsr-3731	61	14	measures	measure	NOUN
fsr-3731	61	15	over	over	ADP
fsr-3731	61	16	bull	bull	NOUN
fsr-3731	61	17	and	and	CCONJ
fsr-3731	61	18	bear	bear	NOUN
fsr-3731	61	19	markets	market	NOUN
fsr-3731	61	20	are	be	AUX
fsr-3731	61	21	significantly	significantly	ADV
fsr-3731	61	22	greater	great	ADJ
fsr-3731	61	23	than	than	SCONJ
fsr-3731	61	24	predicted	predict	VERB
fsr-3731	61	25	by	by	ADP
fsr-3731	61	26	chance	chance	NOUN
fsr-3731	61	27	.	.	PUNCT
fsr-3731	62	1	this	this	DET
fsr-3731	62	2	result	result	NOUN
fsr-3731	62	3	was	be	AUX
fsr-3731	62	4	especially	especially	ADV
fsr-3731	62	5	strong	strong	ADJ
fsr-3731	62	6	for	for	ADP
fsr-3731	62	7	the	the	DET
fsr-3731	62	8	1972	1972	NUM
fsr-3731	62	9	through	through	ADP
fsr-3731	62	10	1977	1977	NUM
fsr-3731	62	11	market	market	NOUN
fsr-3731	62	12	period	period	NOUN
fsr-3731	62	13	.	.	PUNCT
fsr-3731	63	1	quarterly	quarterly	ADJ
fsr-3731	63	2	journal	journal	NOUN
fsr-3731	63	3	of	of	ADP
fsr-3731	63	4	business	business	NOUN
fsr-3731	63	5	and	and	CCONJ
fsr-3731	63	6	economics	economic	NOUN
fsr-3731	63	7	,	,	PUNCT
fsr-3731	63	8	autumn	autumn	NOUN
fsr-3731	63	9	1993,32(4	1993,32(4	PROPN
fsr-3731	63	10	):	):	PUNCT
fsr-3731	63	11	14	14	NUM
fsr-3731	63	12	-	-	SYM
fsr-3731	63	13	25	25	NUM
fsr-3731	63	14	.	.	PUNCT
fsr-3731	64	1	(	(	PUNCT
fsr-3731	64	2	reprinted	reprint	VERB
fsr-3731	64	3	by	by	ADP
fsr-3731	64	4	permission	permission	NOUN
fsr-3731	64	5	of	of	ADP
fsr-3731	64	6	quarterly	quarterly	ADJ
fsr-3731	64	7	journal	journal	NOUN
fsr-3731	64	8	of	of	ADP
fsr-3731	64	9	business	business	NOUN
fsr-3731	64	10	and	and	CCONJ
fsr-3731	64	11	economics	economic	NOUN
fsr-3731	64	12	.	.	PUNCT
fsr-3731	64	13	)	)	PUNCT
fsr-3731	65	1	162	162	NUM
fsr-3731	65	2	financial	financial	ADJ
fsr-3731	65	3	services	service	NOUN
fsr-3731	65	4	review	review	NOUN
fsr-3731	65	5	,	,	PUNCT
fsr-3731	65	6	3(2	3(2	NUM
fsr-3731	65	7	)	)	PUNCT
fsr-3731	65	8	1994	1994	NUM
fsr-3731	65	9	aftermarket	aftermarket	NOUN
fsr-3731	65	10	support	support	NOUN
fsr-3731	65	11	and	and	CCONJ
fsr-3731	65	12	underpricing	underpricing	NOUN
fsr-3731	65	13	of	of	ADP
fsr-3731	65	14	initial	initial	ADJ
fsr-3731	65	15	public	public	ADJ
fsr-3731	65	16	offerings	offering	NOUN
fsr-3731	65	17	,	,	PUNCT
fsr-3731	65	18	by	by	ADP
fsr-3731	65	19	paul	paul	PROPN
fsr-3731	65	20	h.	h.	PROPN
fsr-3731	65	21	schultz	schultz	PROPN
fsr-3731	65	22	(	(	PUNCT
fsr-3731	65	23	ohio	ohio	PROPN
fsr-3731	65	24	state	state	PROPN
fsr-3731	65	25	university	university	PROPN
fsr-3731	65	26	)	)	PUNCT
fsr-3731	65	27	and	and	CCONJ
fsr-3731	65	28	mir	mir	PROPN
fsr-3731	65	29	a.	a.	PROPN
fsr-3731	65	30	zaman	zaman	PROPN
fsr-3731	65	31	(	(	PUNCT
fsr-3731	65	32	university	university	PROPN
fsr-3731	65	33	of	of	ADP
fsr-3731	65	34	northern	northern	ADJ
fsr-3731	65	35	iowa	iowa	PROPN
fsr-3731	65	36	)	)	PUNCT
fsr-3731	65	37	.	.	PUNCT
fsr-3731	66	1	we	we	PRON
fsr-3731	66	2	study	study	VERB
fsr-3731	66	3	the	the	DET
fsr-3731	66	4	aftermarket	aftermarket	NOUN
fsr-3731	66	5	for	for	ADP
fsr-3731	66	6	72	72	NUM
fsr-3731	66	7	initial	initial	ADJ
fsr-3731	66	8	public	public	ADJ
fsr-3731	66	9	offerings	offering	NOUN
fsr-3731	66	10	(	(	PUNCT
fsr-3731	66	11	ipos	ipos	NOUN
fsr-3731	66	12	)	)	PUNCT
fsr-3731	66	13	using	use	VERB
fsr-3731	66	14	comprehensive	comprehensive	ADJ
fsr-3731	66	15	trade	trade	NOUN
fsr-3731	66	16	and	and	CCONJ
fsr-3731	66	17	quote	quote	NOUN
fsr-3731	66	18	-	-	PUNCT
fsr-3731	66	19	change	change	NOUN
fsr-3731	66	20	data	datum	NOUN
fsr-3731	66	21	from	from	ADP
fsr-3731	66	22	every	every	DET
fsr-3731	66	23	market	market	NOUN
fsr-3731	66	24	maker	maker	NOUN
fsr-3731	66	25	for	for	ADP
fsr-3731	66	26	the	the	DET
fsr-3731	66	27	first	first	ADJ
fsr-3731	66	28	three	three	NUM
fsr-3731	66	29	days	day	NOUN
fsr-3731	66	30	of	of	ADP
fsr-3731	66	31	trading	trading	NOUN
fsr-3731	66	32	.	.	PUNCT
fsr-3731	67	1	underwriters	underwriter	NOUN
fsr-3731	67	2	quote	quote	VERB
fsr-3731	67	3	higher	high	ADJ
fsr-3731	67	4	bid	bid	NOUN
fsr-3731	67	5	prices	price	NOUN
fsr-3731	67	6	than	than	ADP
fsr-3731	67	7	other	other	ADJ
fsr-3731	67	8	market	market	NOUN
fsr-3731	67	9	makers	maker	NOUN
fsr-3731	67	10	for	for	ADP
fsr-3731	67	11	issues	issue	NOUN
fsr-3731	67	12	that	that	PRON
fsr-3731	67	13	commence	commence	VERB
fsr-3731	67	14	trading	trading	NOUN
fsr-3731	67	15	at	at	ADP
fsr-3731	67	16	or	or	CCONJ
fsr-3731	67	17	below	below	ADP
fsr-3731	67	18	the	the	DET
fsr-3731	67	19	offer	offer	NOUN
fsr-3731	67	20	price	price	NOUN
fsr-3731	67	21	.	.	PUNCT
fsr-3731	68	1	underwriters	underwriter	NOUN
fsr-3731	68	2	repurchase	repurchase	VERB
fsr-3731	68	3	large	large	ADJ
fsr-3731	68	4	quantities	quantity	NOUN
fsr-3731	68	5	of	of	ADP
fsr-3731	68	6	stock	stock	NOUN
fsr-3731	68	7	in	in	ADP
fsr-3731	68	8	the	the	DET
fsr-3731	68	9	aftermarket	aftermarket	NOUN
fsr-3731	68	10	without	without	ADP
fsr-3731	68	11	risk	risk	NOUN
fsr-3731	68	12	by	by	ADP
fsr-3731	68	13	overselling	overselle	VERB
fsr-3731	68	14	the	the	DET
fsr-3731	68	15	issue	issue	NOUN
fsr-3731	68	16	by	by	ADP
fsr-3731	68	17	the	the	DET
fsr-3731	68	18	amount	amount	NOUN
fsr-3731	68	19	of	of	ADP
fsr-3731	68	20	the	the	DET
fsr-3731	68	21	overallotment	overallotment	ADJ
fsr-3731	68	22	option	option	NOUN
fsr-3731	68	23	.	.	PUNCT
fsr-3731	69	1	if	if	SCONJ
fsr-3731	69	2	the	the	DET
fsr-3731	69	3	ipo	ipo	NOUN
fsr-3731	69	4	is	be	AUX
fsr-3731	69	5	hot	hot	ADJ
fsr-3731	69	6	,	,	PUNCT
fsr-3731	69	7	the	the	DET
fsr-3731	69	8	overallotment	overallotment	ADJ
fsr-3731	69	9	option	option	NOUN
fsr-3731	69	10	is	be	AUX
fsr-3731	69	11	exercised	exercise	VERB
fsr-3731	69	12	.	.	PUNCT
fsr-3731	70	1	if	if	SCONJ
fsr-3731	70	2	not	not	PART
fsr-3731	70	3	,	,	PUNCT
fsr-3731	70	4	the	the	DET
fsr-3731	70	5	short	short	ADJ
fsr-3731	70	6	position	position	NOUN
fsr-3731	70	7	is	be	AUX
fsr-3731	70	8	covered	cover	VERB
fsr-3731	70	9	with	with	ADP
fsr-3731	70	10	aftermarket	aftermarket	NOUN
fsr-3731	70	11	selling	selling	NOUN
fsr-3731	70	12	.	.	PUNCT
fsr-3731	71	1	we	we	PRON
fsr-3731	71	2	discuss	discuss	VERB
fsr-3731	71	3	several	several	ADJ
fsr-3731	71	4	reasons	reason	NOUN
fsr-3731	71	5	for	for	ADP
fsr-3731	71	6	underwriter	underwriter	NOUN
fsr-3731	71	7	support	support	NOUN
fsr-3731	71	8	.	.	PUNCT
fsr-3731	72	1	journal	journal	NOUN
fsr-3731	72	2	of	of	ADP
fsr-3731	72	3	financial	financial	ADJ
fsr-3731	72	4	economics	economic	NOUN
fsr-3731	72	5	,	,	PUNCT
fsr-3731	72	6	1994	1994	NUM
fsr-3731	72	7	35	35	NUM
fsr-3731	72	8	:	:	SYM
fsr-3731	72	9	199	199	NUM
fsr-3731	72	10	-	-	SYM
fsr-3731	72	11	219	219	NUM
fsr-3731	72	12	.	.	PUNCT
fsr-3731	73	1	(	(	PUNCT
fsr-3731	73	2	reprinted	reprint	VERB
fsr-3731	73	3	with	with	ADP
fsr-3731	73	4	permission	permission	NOUN
fsr-3731	73	5	of	of	ADP
fsr-3731	73	6	the	the	DET
fsr-3731	73	7	north	north	NOUN
fsr-3731	73	8	-	-	PUNCT
fsr-3731	73	9	holland	holland	PROPN
fsr-3731	73	10	publishing	publishing	PROPN
fsr-3731	73	11	company	company	NOUN
fsr-3731	73	12	.	.	PUNCT
fsr-3731	73	13	)	)	PUNCT
fsr-3731	74	1	relative	relative	ADJ
fsr-3731	74	2	mean	mean	ADJ
fsr-3731	74	3	-	-	PUNCT
fsr-3731	74	4	variance	variance	NOUN
fsr-3731	74	5	effbziency	effbziency	NOUN
fsr-3731	74	6	of	of	ADP
fsr-3731	74	7	a	a	DET
fsr-3731	74	8	given	give	VERB
fsr-3731	74	9	portfolio	portfolio	NOUN
fsr-3731	74	10	:	:	PUNCT
fsr-3731	74	11	an	an	DET
fsr-3731	74	12	application	application	NOUN
fsr-3731	74	13	to	to	ADP
fsr-3731	74	14	mutual	mutual	ADJ
fsr-3731	74	15	fund	fund	NOUN
fsr-3731	74	16	performance	performance	NOUN
fsr-3731	74	17	,	,	PUNCT
fsr-3731	74	18	by	by	ADP
fsr-3731	74	19	shafiqur	shafiqur	NOUN
fsr-3731	74	20	rahman	rahman	PROPN
fsr-3731	74	21	(	(	PUNCT
fsr-3731	74	22	portland	portland	PROPN
fsr-3731	74	23	state	state	PROPN
fsr-3731	74	24	university	university	PROPN
fsr-3731	74	25	)	)	PUNCT
fsr-3731	74	26	.	.	PUNCT
fsr-3731	75	1	this	this	DET
fsr-3731	75	2	research	research	NOUN
fsr-3731	75	3	article	article	NOUN
fsr-3731	75	4	uses	use	VERB
fsr-3731	75	5	two	two	NUM
fsr-3731	75	6	performance	performance	NOUN
fsr-3731	75	7	measures	measure	NOUN
fsr-3731	75	8	based	base	VERB
fsr-3731	75	9	on	on	ADP
fsr-3731	75	10	mean	mean	ADJ
fsr-3731	75	11	-	-	PUNCT
fsr-3731	75	12	variance	variance	NOUN
fsr-3731	75	13	effi	effi	PROPN
fsr-3731	75	14	ciency	ciency	NOUN
fsr-3731	75	15	to	to	PART
fsr-3731	75	16	evaluate	evaluate	VERB
fsr-3731	75	17	the	the	DET
fsr-3731	75	18	performance	performance	NOUN
fsr-3731	75	19	of	of	ADP
fsr-3731	75	20	managed	manage	VERB
fsr-3731	75	21	portfolios	portfolio	NOUN
fsr-3731	75	22	.	.	PUNCT
fsr-3731	76	1	they	they	PRON
fsr-3731	76	2	do	do	AUX
fsr-3731	76	3	not	not	PART
fsr-3731	76	4	require	require	VERB
fsr-3731	76	5	the	the	DET
fsr-3731	76	6	specifi	specifi	PROPN
fsr-3731	76	7	cation	cation	NOUN
fsr-3731	76	8	of	of	ADP
fsr-3731	76	9	the	the	DET
fsr-3731	76	10	market	market	NOUN
fsr-3731	76	11	portfolio	portfolio	NOUN
fsr-3731	76	12	and	and	CCONJ
fsr-3731	76	13	the	the	DET
fsr-3731	76	14	risk	risk	NOUN
fsr-3731	76	15	-	-	PUNCT
fsr-3731	76	16	free	free	ADJ
fsr-3731	76	17	rate	rate	NOUN
fsr-3731	76	18	.	.	PUNCT
fsr-3731	77	1	as	as	ADP
fsr-3731	77	2	a	a	DET
fsr-3731	77	3	result	result	NOUN
fsr-3731	77	4	,	,	PUNCT
fsr-3731	77	5	the	the	DET
fsr-3731	77	6	measurement	measurement	NOUN
fsr-3731	77	7	error	error	NOUN
fsr-3731	77	8	attendant	attendant	NOUN
fsr-3731	77	9	in	in	ADP
fsr-3731	77	10	the	the	DET
fsr-3731	77	11	proxy	proxy	NOUN
fsr-3731	77	12	is	be	AUX
fsr-3731	77	13	resolved	resolve	VERB
fsr-3731	77	14	.	.	PUNCT
fsr-3731	78	1	our	our	PRON
fsr-3731	78	2	empirical	empirical	ADJ
fsr-3731	78	3	results	result	NOUN
fsr-3731	78	4	show	show	VERB
fsr-3731	78	5	that	that	SCONJ
fsr-3731	78	6	for	for	ADP
fsr-3731	78	7	the	the	DET
fsr-3731	78	8	test	test	NOUN
fsr-3731	78	9	period	period	NOUN
fsr-3731	78	10	,	,	PUNCT
fsr-3731	78	11	approximately	approximately	ADV
fsr-3731	78	12	half	half	NOUN
fsr-3731	78	13	of	of	ADP
fsr-3731	78	14	the	the	DET
fsr-3731	78	15	sampled	sample	VERB
fsr-3731	78	16	funds	fund	NOUN
fsr-3731	78	17	performed	perform	VERB
fsr-3731	78	18	better	well	ADV
fsr-3731	78	19	than	than	ADP
fsr-3731	78	20	a	a	DET
fsr-3731	78	21	naive	naive	ADJ
fsr-3731	78	22	buy	buy	NOUN
fsr-3731	78	23	-	-	PUNCT
fsr-3731	78	24	and	and	CCONJ
fsr-3731	78	25	-	-	PUNCT
fsr-3731	78	26	hold	hold	VERB
fsr-3731	78	27	strategy	strategy	NOUN
fsr-3731	78	28	based	base	VERB
fsr-3731	78	29	on	on	ADP
fsr-3731	78	30	these	these	DET
fsr-3731	78	31	measures	measure	NOUN
fsr-3731	78	32	.	.	PUNCT
fsr-3731	79	1	when	when	SCONJ
fsr-3731	79	2	compared	compare	VERB
fsr-3731	79	3	to	to	ADP
fsr-3731	79	4	other	other	ADJ
fsr-3731	79	5	measures	measure	NOUN
fsr-3731	79	6	,	,	PUNCT
fsr-3731	79	7	results	result	NOUN
fsr-3731	79	8	indicate	indicate	VERB
fsr-3731	79	9	that	that	SCONJ
fsr-3731	79	10	only	only	ADV
fsr-3731	79	11	these	these	DET
fsr-3731	79	12	measures	measure	NOUN
fsr-3731	79	13	are	be	AUX
fsr-3731	79	14	independent	independent	ADJ
fsr-3731	79	15	of	of	ADP
fsr-3731	79	16	their	their	PRON
fsr-3731	79	17	risk	risk	NOUN
fsr-3731	79	18	proxy	proxy	NOUN
fsr-3731	79	19	and	and	CCONJ
fsr-3731	79	20	as	as	ADP
fsr-3731	79	21	such	such	ADJ
fsr-3731	79	22	are	be	AUX
fsr-3731	79	23	unbiased	unbiased	ADJ
fsr-3731	79	24	measures	measure	NOUN
fsr-3731	79	25	,	,	PUNCT
fsr-3731	79	26	results	result	NOUN
fsr-3731	79	27	indicate	indicate	VERB
fsr-3731	79	28	that	that	SCONJ
fsr-3731	79	29	only	only	ADV
fsr-3731	79	30	these	these	DET
fsr-3731	79	31	measures	measure	NOUN
fsr-3731	79	32	are	be	AUX
fsr-3731	79	33	independent	independent	ADJ
fsr-3731	79	34	of	of	ADP
fsr-3731	79	35	their	their	PRON
fsr-3731	79	36	risk	risk	NOUN
fsr-3731	79	37	proxy	proxy	NOUN
fsr-3731	79	38	and	and	CCONJ
fsr-3731	79	39	as	as	ADP
fsr-3731	79	40	such	such	ADJ
fsr-3731	79	41	are	be	AUX
fsr-3731	79	42	unbiased	unbiased	ADJ
fsr-3731	79	43	measures	measure	NOUN
fsr-3731	79	44	of	of	ADP
fsr-3731	79	45	investment	investment	NOUN
fsr-3731	79	46	performance	performance	NOUN
fsr-3731	79	47	.	.	PUNCT
fsr-3731	80	1	the	the	DET
fsr-3731	80	2	quarterly	quarterly	ADJ
fsr-3731	80	3	review	review	NOUN
fsr-3731	80	4	of	of	ADP
fsr-3731	80	5	economics	economic	NOUN
fsr-3731	80	6	and	and	CCONJ
fsr-3731	80	7	finance	finance	NOUN
fsr-3731	80	8	,	,	PUNCT
fsr-3731	80	9	spring	spring	NOUN
fsr-3731	80	10	1994,34	1994,34	PROPN
fsr-3731	80	11	(	(	PUNCT
fsr-3731	80	12	1	1	NUM
fsr-3731	80	13	):	):	PUNCT
fsr-3731	80	14	13	13	NUM
fsr-3731	80	15	-	-	SYM
fsr-3731	80	16	24	24	NUM
fsr-3731	80	17	.	.	PUNCT
fsr-3731	81	1	(	(	PUNCT
fsr-3731	81	2	reprinted	reprint	VERB
fsr-3731	81	3	with	with	ADP
fsr-3731	81	4	permission	permission	NOUN
fsr-3731	81	5	of	of	ADP
fsr-3731	81	6	the	the	DET
fsr-3731	81	7	quarterly	quarterly	ADJ
fsr-3731	81	8	review	review	NOUN
fsr-3731	81	9	of	of	ADP
fsr-3731	81	10	econom	econom	PROPN
fsr-3731	81	11	ics	ics	PROPN
fsr-3731	81	12	and	and	CCONJ
fsr-3731	81	13	finance	finance	NOUN
fsr-3731	81	14	.	.	PUNCT
fsr-3731	81	15	)	)	PUNCT
fsr-3731	82	1	investment	investment	NOUN
fsr-3731	82	2	selection	selection	NOUN
fsr-3731	82	3	and	and	CCONJ
fsr-3731	82	4	individual	individual	ADJ
fsr-3731	82	5	portfolio	portfolio	NOUN
fsr-3731	82	6	management	management	NOUN
fsr-3731	82	7	portfolio	portfolio	NOUN
fsr-3731	82	8	performance	performance	NOUN
fsr-3731	82	9	of	of	ADP
fsr-3731	82	10	the	the	DET
fsr-3731	82	11	sdr	sdr	PROPN
fsr-3731	82	12	and	and	CCONJ
fsr-3731	82	13	reserve	reserve	NOUN
fsr-3731	82	14	currencies	currency	NOUN
fsr-3731	82	15	:	:	PUNCT
fsr-3731	82	16	tests	test	NOUN
fsr-3731	82	17	using	use	VERB
fsr-3731	82	18	the	the	DET
fsr-3731	82	19	arch	arch	ADJ
fsr-3731	82	20	methodology	methodology	NOUN
fsr-3731	82	21	,	,	PUNCT
fsr-3731	82	22	m.	m.	NOUN
fsr-3731	82	23	g.	g.	PROPN
fsr-3731	82	24	papaioannou	papaioannou	PROPN
fsr-3731	82	25	and	and	CCONJ
fsr-3731	82	26	t.	t.	PROPN
fsr-3731	82	27	temel	temel	PROPN
fsr-3731	82	28	in	in	ADP
fsr-3731	82	29	evaluating	evaluate	VERB
fsr-3731	82	30	their	their	PRON
fsr-3731	82	31	foreign	foreign	ADJ
fsr-3731	82	32	exchange	exchange	NOUN
fsr-3731	82	33	exposure	exposure	NOUN
fsr-3731	83	1	,	,	PUNCT
fsr-3731	83	2	international	international	ADJ
fsr-3731	83	3	investors	investor	NOUN
fsr-3731	83	4	often	often	ADV
fsr-3731	83	5	compare	compare	VERB
fsr-3731	83	6	actual	actual	ADJ
fsr-3731	83	7	portfolios	portfolio	NOUN
fsr-3731	83	8	with	with	ADP
fsr-3731	83	9	those	those	PRON
fsr-3731	83	10	calculated	calculate	VERB
fsr-3731	83	11	under	under	ADP
fsr-3731	83	12	the	the	DET
fsr-3731	83	13	assumption	assumption	NOUN
fsr-3731	83	14	that	that	SCONJ
fsr-3731	83	15	the	the	DET
fsr-3731	83	16	variability	variability	NOUN
fsr-3731	83	17	of	of	ADP
fsr-3731	83	18	returns	return	NOUN
fsr-3731	83	19	on	on	ADP
fsr-3731	83	20	various	various	ADJ
fsr-3731	83	21	currency	currency	NOUN
fsr-3731	83	22	assets	asset	NOUN
fsr-3731	83	23	is	be	AUX
fsr-3731	83	24	time	time	NOUN
fsr-3731	83	25	invariant	invariant	ADJ
fsr-3731	83	26	.	.	PUNCT
fsr-3731	84	1	this	this	DET
fsr-3731	84	2	paper	paper	NOUN
fsr-3731	84	3	uses	use	VERB
fsr-3731	84	4	autoregressive	autoregressive	ADJ
fsr-3731	84	5	conditional	conditional	ADJ
fsr-3731	84	6	heteroskedastic	heteroskedastic	ADJ
fsr-3731	84	7	models	model	NOUN
fsr-3731	84	8	to	to	PART
fsr-3731	84	9	test	test	VERB
fsr-3731	84	10	that	that	DET
fsr-3731	84	11	assumption	assumption	NOUN
fsr-3731	84	12	.	.	PUNCT
fsr-3731	85	1	for	for	ADP
fsr-3731	85	2	major	major	ADJ
fsr-3731	85	3	reserve	reserve	NOUN
fsr-3731	85	4	currencies	currency	NOUN
fsr-3731	85	5	,	,	PUNCT
fsr-3731	85	6	including	include	VERB
fsr-3731	85	7	the	the	DET
fsr-3731	85	8	sdr	sdr	PROPN
fsr-3731	85	9	,	,	PUNCT
fsr-3731	85	10	the	the	DET
fsr-3731	85	11	authors	author	NOUN
fsr-3731	85	12	find	find	VERB
fsr-3731	85	13	evidence	evidence	NOUN
fsr-3731	85	14	that	that	SCONJ
fsr-3731	85	15	the	the	DET
fsr-3731	85	16	variances	variance	NOUN
fsr-3731	85	17	of	of	ADP
fsr-3731	85	18	returns	return	NOUN
fsr-3731	85	19	do	do	AUX
fsr-3731	85	20	vary	vary	VERB
fsr-3731	85	21	over	over	ADP
fsr-3731	85	22	time	time	NOUN
fsr-3731	85	23	and	and	CCONJ
fsr-3731	85	24	that	that	SCONJ
fsr-3731	85	25	autoregressive	autoregressive	ADJ
fsr-3731	85	26	conditional	conditional	ADJ
fsr-3731	85	27	heteroskedastic	heteroskedastic	ADJ
fsr-3731	85	28	models	model	NOUN
fsr-3731	85	29	that	that	PRON
fsr-3731	85	30	specify	specify	VERB
fsr-3731	85	31	changing	change	VERB
fsr-3731	85	32	variances	variance	NOUN
fsr-3731	85	33	are	be	AUX
fsr-3731	85	34	superior	superior	ADJ
fsr-3731	85	35	to	to	ADP
fsr-3731	85	36	models	model	NOUN
fsr-3731	85	37	that	that	PRON
fsr-3731	85	38	assume	assume	VERB
fsr-3731	85	39	constant	constant	ADJ
fsr-3731	85	40	variance	variance	NOUN
fsr-3731	85	41	.	.	PUNCT
fsr-3731	86	1	by	by	ADP
fsr-3731	86	2	incorrectly	incorrectly	ADV
fsr-3731	86	3	assuming	assume	VERB
fsr-3731	86	4	a	a	DET
fsr-3731	86	5	constant	constant	ADJ
fsr-3731	86	6	variability	variability	NOUN
fsr-3731	86	7	of	of	ADP
fsr-3731	86	8	returns	return	NOUN
fsr-3731	86	9	,	,	PUNCT
fsr-3731	86	10	the	the	DET
fsr-3731	86	11	error	error	NOUN
fsr-3731	86	12	introduced	introduce	VERB
fsr-3731	86	13	is	be	AUX
fsr-3731	86	14	smaller	small	ADJ
fsr-3731	86	15	with	with	ADP
fsr-3731	86	16	the	the	DET
fsr-3731	86	17	sdr	sdr	NOUN
fsr-3731	86	18	than	than	ADP
fsr-3731	86	19	with	with	ADP
fsr-3731	86	20	any	any	DET
fsr-3731	86	21	other	other	ADJ
fsr-3731	86	22	national	national	ADJ
fsr-3731	86	23	currency	currency	NOUN
fsr-3731	86	24	.	.	PUNCT
fsr-3731	87	1	international	international	ADJ
fsr-3731	87	2	monetary	monetary	ADJ
fsr-3731	87	3	fund	fund	NOUN
fsr-3731	87	4	staff	staff	NOUN
fsr-3731	87	5	papers	paper	NOUN
fsr-3731	87	6	,	,	PUNCT
fsr-3731	87	7	september	september	PROPN
fsr-3731	87	8	1993	1993	NUM
fsr-3731	87	9	,	,	PUNCT
fsr-3731	87	10	40(3	40(3	NUM
fsr-3731	87	11	):	):	PUNCT
fsr-3731	87	12	663	663	NUM
fsr-3731	87	13	-	-	SYM
fsr-3731	87	14	679	679	NUM
fsr-3731	87	15	.	.	PUNCT
fsr-3731	88	1	(	(	PUNCT
fsr-3731	88	2	reprinted	reprint	VERB
fsr-3731	88	3	with	with	ADP
fsr-3731	88	4	permission	permission	NOUN
fsr-3731	88	5	of	of	ADP
fsr-3731	88	6	the	the	DET
fsr-3731	88	7	journal	journal	NOUN
fsr-3731	88	8	of	of	ADP
fsr-3731	88	9	economic	economic	ADJ
fsr-3731	88	10	literature	literature	NOUN
fsr-3731	88	11	.	.	PUNCT
fsr-3731	88	12	)	)	PUNCT
fsr-3731	89	1	abstracts	abstract	NOUN
fsr-3731	89	2	of	of	ADP
fsr-3731	89	3	articles	article	NOUN
fsr-3731	89	4	on	on	ADP
fsr-3731	89	5	individual	individual	ADJ
fsr-3731	89	6	financial	financial	ADJ
fsr-3731	89	7	management	management	NOUN
fsr-3731	89	8	163	163	NUM
fsr-3731	89	9	art	art	NOUN
fsr-3731	89	10	as	as	ADP
fsr-3731	89	11	an	an	DET
fsr-3731	89	12	investment	investment	NOUN
fsr-3731	89	13	:	:	PUNCT
fsr-3731	89	14	the	the	DET
fsr-3731	89	15	market	market	NOUN
fsr-3731	89	16	for	for	ADP
fsr-3731	89	17	modern	modern	ADJ
fsr-3731	89	18	prints	print	NOUN
fsr-3731	89	19	,	,	PUNCT
fsr-3731	89	20	james	james	PROPN
fsr-3731	89	21	e.	e.	PROPN
fsr-3731	89	22	pesando	pesando	PROPN
fsr-3731	89	23	(	(	PUNCT
fsr-3731	89	24	university	university	PROPN
fsr-3731	89	25	of	of	ADP
fsr-3731	89	26	toronto	toronto	PROPN
fsr-3731	89	27	)	)	PUNCT
fsr-3731	89	28	repeat	repeat	VERB
fsr-3731	89	29	sales	sale	NOUN
fsr-3731	89	30	of	of	ADP
fsr-3731	89	31	modern	modern	ADJ
fsr-3731	89	32	prints	print	NOUN
fsr-3731	89	33	at	at	ADP
fsr-3731	89	34	auction	auction	NOUN
fsr-3731	89	35	are	be	AUX
fsr-3731	89	36	used	use	VERB
fsr-3731	89	37	to	to	PART
fsr-3731	89	38	estimate	estimate	VERB
fsr-3731	89	39	a	a	DET
fsr-3731	89	40	semiannual	semiannual	ADJ
fsr-3731	89	41	index	index	NOUN
fsr-3731	89	42	of	of	ADP
fsr-3731	89	43	prices	price	NOUN
fsr-3731	89	44	for	for	ADP
fsr-3731	89	45	the	the	DET
fsr-3731	89	46	period	period	NOUN
fsr-3731	89	47	1977	1977	NUM
fsr-3731	89	48	-	-	SYM
fsr-3731	89	49	1992	1992	NUM
fsr-3731	89	50	.	.	PUNCT
fsr-3731	90	1	as	as	ADP
fsr-3731	90	2	in	in	ADP
fsr-3731	90	3	other	other	ADJ
fsr-3731	90	4	studies	study	NOUN
fsr-3731	90	5	of	of	ADP
fsr-3731	90	6	art	art	NOUN
fsr-3731	90	7	as	as	ADP
fsr-3731	90	8	an	an	DET
fsr-3731	90	9	investment	investment	NOUN
fsr-3731	90	10	,	,	PUNCT
fsr-3731	90	11	prints	print	NOUN
fsr-3731	90	12	do	do	AUX
fsr-3731	90	13	not	not	PART
fsr-3731	90	14	compare	compare	VERB
fsr-3731	90	15	favorably	favorably	ADV
fsr-3731	90	16	to	to	ADP
fsr-3731	90	17	traditional	traditional	ADJ
fsr-3731	90	18	financial	financial	ADJ
fsr-3731	90	19	assets	asset	NOUN
fsr-3731	90	20	.	.	PUNCT
fsr-3731	91	1	there	there	PRON
fsr-3731	91	2	is	be	VERB
fsr-3731	91	3	substantial	substantial	ADJ
fsr-3731	91	4	noise	noise	NOUN
fsr-3731	91	5	in	in	ADP
fsr-3731	91	6	auction	auction	NOUN
fsr-3731	91	7	prices	price	NOUN
fsr-3731	91	8	,	,	PUNCT
fsr-3731	91	9	but	but	CCONJ
fsr-3731	91	10	little	little	ADJ
fsr-3731	91	11	or	or	CCONJ
fsr-3731	91	12	no	no	PRON
fsr-3731	91	13	support	support	NOUN
fsr-3731	91	14	for	for	ADP
fsr-3731	91	15	the	the	DET
fsr-3731	91	16	proposition	proposition	NOUN
fsr-3731	91	17	that	that	SCONJ
fsr-3731	91	18	some	some	DET
fsr-3731	91	19	artists	artist	NOUN
fsr-3731	91	20	command	command	VERB
fsr-3731	91	21	higher	high	ADJ
fsr-3731	91	22	prices	price	NOUN
fsr-3731	91	23	in	in	ADP
fsr-3731	91	24	certain	certain	ADJ
fsr-3731	91	25	countries	country	NOUN
fsr-3731	91	26	or	or	CCONJ
fsr-3731	91	27	that	that	SCONJ
fsr-3731	91	28	masterpieces	masterpiece	VERB
fsr-3731	91	29	outperform	outperform	VERB
fsr-3731	91	30	the	the	DET
fsr-3731	91	31	market	market	NOUN
fsr-3731	91	32	.	.	PUNCT
fsr-3731	92	1	one	one	NUM
fsr-3731	92	2	puzzle	puzzle	NOUN
fsr-3731	92	3	is	be	AUX
fsr-3731	92	4	the	the	DET
fsr-3731	92	5	continuing	continue	VERB
fsr-3731	92	6	tendency	tendency	NOUN
fsr-3731	92	7	for	for	ADP
fsr-3731	92	8	prices	price	NOUN
fsr-3731	92	9	realized	realize	VERB
fsr-3731	92	10	at	at	ADP
fsr-3731	92	11	certain	certain	ADJ
fsr-3731	92	12	auction	auction	NOUN
fsr-3731	92	13	houses	house	NOUN
fsr-3731	92	14	to	to	PART
fsr-3731	92	15	exceed	exceed	VERB
fsr-3731	92	16	those	those	PRON
fsr-3731	92	17	realized	realize	VERB
fsr-3731	92	18	at	at	ADP
fsr-3731	92	19	others	other	NOUN
fsr-3731	92	20	:	:	PUNCT
fsr-3731	92	21	notable	notable	ADJ
fsr-3731	92	22	,	,	PUNCT
fsr-3731	92	23	at	at	ADP
fsr-3731	92	24	sotheby	sotheby	PROPN
fsr-3731	92	25	’s	’s	PART
fsr-3731	92	26	relative	relative	NOUN
fsr-3731	92	27	to	to	ADP
fsr-3731	92	28	christie	christie	NOUN
fsr-3731	92	29	’s	’s	PART
fsr-3731	92	30	in	in	ADP
fsr-3731	92	31	new	new	PROPN
fsr-3731	92	32	york	york	PROPN
fsr-3731	92	33	.	.	PUNCT
fsr-3731	93	1	the	the	DET
fsr-3731	93	2	american	american	PROPN
fsr-3731	93	3	economic	economic	PROPN
fsr-3731	93	4	review	review	PROPN
fsr-3731	93	5	,	,	PUNCT
fsr-3731	93	6	december	december	PROPN
fsr-3731	93	7	1993	1993	NUM
fsr-3731	93	8	,	,	PUNCT
fsr-3731	93	9	83(5	83(5	NUM
fsr-3731	93	10	):	):	PUNCT
fsr-3731	93	11	1075	1075	NUM
fsr-3731	93	12	-	-	SYM
fsr-3731	93	13	1089	1089	NUM
fsr-3731	93	14	.	.	PUNCT
fsr-3731	94	1	(	(	PUNCT
fsr-3731	94	2	reprinted	reprint	VERB
fsr-3731	94	3	with	with	ADP
fsr-3731	94	4	permission	permission	NOUN
fsr-3731	94	5	of	of	ADP
fsr-3731	94	6	the	the	DET
fsr-3731	94	7	american	american	ADJ
fsr-3731	94	8	economic	economic	ADJ
fsr-3731	94	9	associa	associa	PROPN
fsr-3731	94	10	tion	tion	NOUN
fsr-3731	94	11	.	.	PUNCT
fsr-3731	94	12	)	)	PUNCT
fsr-3731	95	1	downside	downside	ADJ
fsr-3731	95	2	risk	risk	NOUN
fsr-3731	95	3	and	and	CCONJ
fsr-3731	95	4	investment	investment	NOUN
fsr-3731	95	5	choice	choice	NOUN
fsr-3731	95	6	,	,	PUNCT
fsr-3731	95	7	by	by	ADP
fsr-3731	95	8	k.s	k.s	PROPN
fsr-3731	95	9	.	.	PROPN
fsr-3731	95	10	maurice	maurice	PROPN
fsr-3731	95	11	tsi	tsi	PROPN
fsr-3731	95	12	(	(	PUNCT
fsr-3731	95	13	indiana	indiana	PROPN
fsr-3731	95	14	university	university	PROPN
fsr-3731	95	15	)	)	PUNCT
fsr-3731	95	16	,	,	PUNCT
fsr-3731	95	17	jamshed	jamshed	PROPN
fsr-3731	95	18	uppal	uppal	PROPN
fsr-3731	95	19	(	(	PUNCT
fsr-3731	95	20	catholic	catholic	PROPN
fsr-3731	95	21	university	university	PROPN
fsr-3731	95	22	of	of	ADP
fsr-3731	95	23	america	america	PROPN
fsr-3731	95	24	)	)	PUNCT
fsr-3731	95	25	and	and	CCONJ
fsr-3731	95	26	mark	mark	PROPN
fsr-3731	95	27	a.	a.	PROPN
fsr-3731	95	28	white	white	PROPN
fsr-3731	95	29	(	(	PUNCT
fsr-3731	95	30	university	university	NOUN
fsr-3731	95	31	of	of	ADP
fsr-3731	95	32	virginia	virginia	PROPN
fsr-3731	95	33	)	)	PUNCT
fsr-3731	95	34	.	.	PUNCT
fsr-3731	96	1	this	this	DET
fsr-3731	96	2	paper	paper	NOUN
fsr-3731	96	3	develops	develop	VERB
fsr-3731	96	4	an	an	DET
fsr-3731	96	5	optimal	optimal	ADJ
fsr-3731	96	6	investment	investment	NOUN
fsr-3731	96	7	strategy	strategy	NOUN
fsr-3731	96	8	for	for	ADP
fsr-3731	96	9	individuals	individual	NOUN
fsr-3731	96	10	concerned	concern	VERB
fsr-3731	96	11	with	with	ADP
fsr-3731	96	12	avoiding	avoid	VERB
fsr-3731	96	13	the	the	DET
fsr-3731	96	14	possibility	possibility	NOUN
fsr-3731	96	15	of	of	ADP
fsr-3731	96	16	realizing	realize	VERB
fsr-3731	96	17	returns	return	NOUN
fsr-3731	96	18	below	below	ADP
fsr-3731	96	19	a	a	DET
fsr-3731	96	20	predetermined	predetermine	VERB
fsr-3731	96	21	target	target	NOUN
fsr-3731	96	22	level	level	NOUN
fsr-3731	96	23	within	within	ADP
fsr-3731	96	24	a	a	DET
fsr-3731	96	25	prescribed	prescribed	ADJ
fsr-3731	96	26	period	period	NOUN
fsr-3731	96	27	of	of	ADP
fsr-3731	96	28	time	time	NOUN
fsr-3731	96	29	.	.	PUNCT
fsr-3731	97	1	assuming	assume	VERB
fsr-3731	97	2	a	a	DET
fsr-3731	97	3	brownian	brownian	ADJ
fsr-3731	97	4	motion	motion	NOUN
fsr-3731	97	5	process	process	NOUN
fsr-3731	97	6	,	,	PUNCT
fsr-3731	97	7	a	a	DET
fsr-3731	97	8	model	model	NOUN
fsr-3731	97	9	is	be	AUX
fsr-3731	97	10	developed	develop	VERB
fsr-3731	97	11	which	which	PRON
fsr-3731	97	12	allows	allow	VERB
fsr-3731	97	13	computation	computation	NOUN
fsr-3731	97	14	of	of	ADP
fsr-3731	97	15	the	the	DET
fsr-3731	97	16	exact	exact	ADJ
fsr-3731	97	17	probability	probability	NOUN
fsr-3731	97	18	of	of	ADP
fsr-3731	97	19	failure	failure	NOUN
fsr-3731	97	20	.	.	PUNCT
fsr-3731	98	1	the	the	DET
fsr-3731	98	2	algorithm	algorithm	NOUN
fsr-3731	98	3	and	and	CCONJ
fsr-3731	98	4	associated	associate	VERB
fsr-3731	98	5	comparative	comparative	ADJ
fsr-3731	98	6	statics	static	NOUN
fsr-3731	98	7	with	with	ADP
fsr-3731	98	8	respect	respect	NOUN
fsr-3731	98	9	to	to	ADP
fsr-3731	98	10	the	the	DET
fsr-3731	98	11	mean	mean	ADJ
fsr-3731	98	12	and	and	CCONJ
fsr-3731	98	13	standard	standard	ADJ
fsr-3731	98	14	deviation	deviation	NOUN
fsr-3731	98	15	of	of	ADP
fsr-3731	98	16	returns	return	NOUN
fsr-3731	98	17	,	,	PUNCT
fsr-3731	98	18	target	target	NOUN
fsr-3731	98	19	return	return	NOUN
fsr-3731	98	20	,	,	PUNCT
fsr-3731	98	21	time	time	NOUN
fsr-3731	98	22	horizon	horizon	NOUN
fsr-3731	98	23	,	,	PUNCT
fsr-3731	98	24	and	and	CCONJ
fsr-3731	98	25	risk	risk	NOUN
fsr-3731	98	26	-	-	PUNCT
fsr-3731	98	27	free	free	ADJ
fsr-3731	98	28	rate	rate	NOUN
fsr-3731	98	29	of	of	ADP
fsr-3731	98	30	return	return	NOUN
fsr-3731	98	31	are	be	AUX
fsr-3731	98	32	likely	likely	ADJ
fsr-3731	98	33	to	to	PART
fsr-3731	98	34	have	have	VERB
fsr-3731	98	35	many	many	ADJ
fsr-3731	98	36	useful	useful	ADJ
fsr-3731	98	37	practical	practical	ADJ
fsr-3731	98	38	applications	application	NOUN
fsr-3731	98	39	.	.	PUNCT
fsr-3731	99	1	the	the	DET
fsr-3731	99	2	financial	financial	PROPN
fsr-3731	99	3	review	review	NOUN
fsr-3731	99	4	,	,	PUNCT
fsr-3731	99	5	november	november	PROPN
fsr-3731	99	6	1993,28(4	1993,28(4	PROPN
fsr-3731	99	7	):	):	PUNCT
fsr-3731	99	8	585	585	NUM
fsr-3731	99	9	-	-	SYM
fsr-3731	99	10	605	605	NUM
fsr-3731	99	11	.	.	PUNCT
fsr-3731	100	1	(	(	PUNCT
fsr-3731	100	2	reprinted	reprint	VERB
fsr-3731	100	3	with	with	ADP
fsr-3731	100	4	permission	permission	NOUN
fsr-3731	100	5	of	of	ADP
fsr-3731	100	6	the	the	DET
fsr-3731	100	7	financial	financial	ADJ
fsr-3731	100	8	review	review	NOUN
fsr-3731	100	9	.	.	PUNCT
fsr-3731	100	10	)	)	PUNCT
fsr-3731	101	1	intertemporal	intertemporal	ADJ
fsr-3731	101	2	asset	asset	NOUN
fsr-3731	101	3	pricing	pricing	NOUN
fsr-3731	101	4	under	under	ADP
fsr-3731	101	5	knightian	knightian	ADJ
fsr-3731	101	6	uncertainty	uncertainty	NOUN
fsr-3731	101	7	,	,	PUNCT
fsr-3731	101	8	by	by	ADP
fsr-3731	101	9	larry	larry	PROPN
fsr-3731	101	10	g.	g.	PROPN
fsr-3731	101	11	epstein	epstein	PROPN
fsr-3731	101	12	(	(	PUNCT
fsr-3731	101	13	university	university	PROPN
fsr-3731	101	14	of	of	ADP
fsr-3731	101	15	toronto	toronto	PROPN
fsr-3731	101	16	)	)	PUNCT
fsr-3731	101	17	and	and	CCONJ
fsr-3731	101	18	tan	tan	PROPN
fsr-3731	101	19	wang	wang	PROPN
fsr-3731	101	20	(	(	PUNCT
fsr-3731	101	21	university	university	PROPN
fsr-3731	101	22	of	of	ADP
fsr-3731	101	23	waterloo	waterloo	PROPN
fsr-3731	101	24	)	)	PUNCT
fsr-3731	101	25	.	.	PUNCT
fsr-3731	102	1	in	in	ADP
fsr-3731	102	2	conformity	conformity	NOUN
fsr-3731	102	3	with	with	ADP
fsr-3731	102	4	the	the	DET
fsr-3731	102	5	savage	savage	ADJ
fsr-3731	102	6	model	model	NOUN
fsr-3731	102	7	of	of	ADP
fsr-3731	102	8	decision	decision	NOUN
fsr-3731	102	9	-	-	PUNCT
fsr-3731	102	10	making	making	NOUN
fsr-3731	102	11	,	,	PUNCT
fsr-3731	102	12	modern	modern	ADJ
fsr-3731	102	13	asset	asset	NOUN
fsr-3731	102	14	pricing	pricing	NOUN
fsr-3731	102	15	theory	theory	NOUN
fsr-3731	102	16	assumes	assume	VERB
fsr-3731	102	17	that	that	SCONJ
fsr-3731	102	18	agents	agent	NOUN
fsr-3731	102	19	’	'	PUNCT
fsr-3731	102	20	beliefs	belief	NOUN
fsr-3731	102	21	about	about	ADP
fsr-3731	102	22	the	the	DET
fsr-3731	102	23	likelihoods	likelihood	NOUN
fsr-3731	102	24	of	of	ADP
fsr-3731	102	25	future	future	ADJ
fsr-3731	102	26	states	state	NOUN
fsr-3731	102	27	of	of	ADP
fsr-3731	102	28	the	the	DET
fsr-3731	102	29	world	world	NOUN
fsr-3731	102	30	may	may	AUX
fsr-3731	102	31	be	be	AUX
fsr-3731	102	32	represented	represent	VERB
fsr-3731	102	33	by	by	ADP
fsr-3731	102	34	a	a	DET
fsr-3731	102	35	probability	probability	NOUN
fsr-3731	102	36	measure	measure	NOUN
fsr-3731	102	37	.	.	PUNCT
fsr-3731	103	1	as	as	ADP
fsr-3731	103	2	a	a	DET
fsr-3731	103	3	result	result	NOUN
fsr-3731	103	4	,	,	PUNCT
fsr-3731	103	5	no	no	DET
fsr-3731	103	6	meaningful	meaningful	ADJ
fsr-3731	103	7	distinction	distinction	NOUN
fsr-3731	103	8	is	be	AUX
fsr-3731	103	9	allowed	allow	VERB
fsr-3731	103	10	between	between	ADP
fsr-3731	103	11	risk	risk	NOUN
fsr-3731	103	12	,	,	PUNCT
fsr-3731	103	13	where	where	SCONJ
fsr-3731	103	14	probabilities	probability	NOUN
fsr-3731	103	15	are	be	AUX
fsr-3731	103	16	available	available	ADJ
fsr-3731	103	17	to	to	PART
fsr-3731	103	18	guide	guide	VERB
fsr-3731	103	19	choice	choice	NOUN
fsr-3731	103	20	,	,	PUNCT
fsr-3731	103	21	and	and	CCONJ
fsr-3731	103	22	uncertainty	uncertainty	NOUN
fsr-3731	103	23	,	,	PUNCT
fsr-3731	103	24	where	where	SCONJ
fsr-3731	103	25	information	information	NOUN
fsr-3731	103	26	is	be	AUX
fsr-3731	103	27	too	too	ADV
fsr-3731	103	28	imprecise	imprecise	ADJ
fsr-3731	103	29	to	to	PART
fsr-3731	103	30	be	be	AUX
fsr-3731	103	31	summarized	summarize	VERB
fsr-3731	103	32	adequately	adequately	ADV
fsr-3731	103	33	by	by	ADP
fsr-3731	103	34	probabilities	probability	NOUN
fsr-3731	103	35	.	.	PUNCT
fsr-3731	104	1	in	in	ADP
fsr-3731	104	2	contrast	contrast	NOUN
fsr-3731	104	3	,	,	PUNCT
fsr-3731	104	4	knight	knight	PROPN
fsr-3731	104	5	and	and	CCONJ
fsr-3731	104	6	keynes	keynes	PROPN
fsr-3731	104	7	emphasized	emphasize	VERB
fsr-3731	104	8	the	the	DET
fsr-3731	104	9	distinction	distinction	NOUN
fsr-3731	104	10	between	between	ADP
fsr-3731	104	11	risk	risk	NOUN
fsr-3731	104	12	and	and	CCONJ
fsr-3731	104	13	uncertainty	uncertainty	NOUN
fsr-3731	104	14	and	and	CCONJ
fsr-3731	104	15	argued	argue	VERB
fsr-3731	104	16	that	that	SCONJ
fsr-3731	104	17	uncertainty	uncertainty	NOUN
fsr-3731	104	18	is	be	AUX
fsr-3731	104	19	more	more	ADV
fsr-3731	104	20	common	common	ADJ
fsr-3731	104	21	in	in	ADP
fsr-3731	104	22	economic	economic	ADJ
fsr-3731	104	23	decision	decision	NOUN
fsr-3731	104	24	-	-	PUNCT
fsr-3731	104	25	making	making	NOUN
fsr-3731	104	26	.	.	PUNCT
fsr-3731	105	1	moreover	moreover	ADV
fsr-3731	105	2	,	,	PUNCT
fsr-3731	105	3	the	the	DET
fsr-3731	105	4	savage	savage	NOUN
fsr-3731	105	5	model	model	NOUN
fsr-3731	105	6	is	be	AUX
fsr-3731	105	7	contradicted	contradict	VERB
fsr-3731	105	8	by	by	ADP
fsr-3731	105	9	evidence	evidence	NOUN
fsr-3731	105	10	,	,	PUNCT
fsr-3731	105	11	such	such	ADJ
fsr-3731	105	12	as	as	ADP
fsr-3731	105	13	the	the	DET
fsr-3731	105	14	ellsberg	ellsberg	PROPN
fsr-3731	105	15	paradox	paradox	NOUN
fsr-3731	105	16	,	,	PUNCT
fsr-3731	105	17	that	that	SCONJ
fsr-3731	105	18	people	people	NOUN
fsr-3731	105	19	prefer	prefer	VERB
fsr-3731	105	20	to	to	PART
fsr-3731	105	21	act	act	VERB
fsr-3731	105	22	on	on	ADP
fsr-3731	105	23	known	know	VERB
fsr-3731	105	24	rather	rather	ADV
fsr-3731	105	25	than	than	ADP
fsr-3731	105	26	unknown	unknown	ADJ
fsr-3731	105	27	or	or	CCONJ
fsr-3731	105	28	vague	vague	ADJ
fsr-3731	105	29	probabilities	probability	NOUN
fsr-3731	105	30	.	.	PUNCT
fsr-3731	106	1	this	this	DET
fsr-3731	106	2	paper	paper	NOUN
fsr-3731	106	3	provides	provide	VERB
fsr-3731	106	4	a	a	DET
fsr-3731	106	5	formal	formal	ADJ
fsr-3731	106	6	model	model	NOUN
fsr-3731	106	7	of	of	ADP
fsr-3731	106	8	asset	asset	NOUN
fsr-3731	106	9	price	price	NOUN
fsr-3731	106	10	determination	determination	NOUN
fsr-3731	106	11	in	in	ADP
fsr-3731	106	12	which	which	PRON
fsr-3731	106	13	knightian	knightian	ADJ
fsr-3731	106	14	uncertainty	uncertainty	NOUN
fsr-3731	106	15	plays	play	VERB
fsr-3731	106	16	a	a	DET
fsr-3731	106	17	role	role	NOUN
fsr-3731	106	18	.	.	PUNCT
fsr-3731	107	1	specifically	specifically	ADV
fsr-3731	107	2	,	,	PUNCT
fsr-3731	107	3	we	we	PRON
fsr-3731	107	4	extend	extend	VERB
fsr-3731	107	5	the	the	DET
fsr-3731	107	6	lucas	lucas	NOUN
fsr-3731	107	7	(	(	PUNCT
fsr-3731	107	8	1978	1978	NUM
fsr-3731	107	9	)	)	PUNCT
fsr-3731	107	10	general	general	ADJ
fsr-3731	107	11	equilibrium	equilibrium	NOUN
fsr-3731	107	12	pure	pure	ADJ
fsr-3731	107	13	exchange	exchange	NOUN
fsr-3731	107	14	economy	economy	NOUN
fsr-3731	107	15	by	by	ADP
fsr-3731	107	16	suitably	suitably	ADV
fsr-3731	107	17	generalizing	generalize	VERB
fsr-3731	107	18	the	the	DET
fsr-3731	107	19	representation	representation	NOUN
fsr-3731	107	20	of	of	ADP
fsr-3731	107	21	beliefs	belief	NOUN
fsr-3731	107	22	along	along	ADP
fsr-3731	107	23	the	the	DET
fsr-3731	107	24	lines	line	NOUN
fsr-3731	107	25	suggested	suggest	VERB
fsr-3731	107	26	by	by	ADP
fsr-3731	107	27	gilboa	gilboa	PROPN
fsr-3731	107	28	and	and	CCONJ
fsr-3731	107	29	schmeidler	schmeidler	NOUN
fsr-3731	107	30	.	.	PUNCT
fsr-3731	108	1	two	two	NUM
fsr-3731	108	2	principal	principal	ADJ
fsr-3731	108	3	results	result	NOUN
fsr-3731	108	4	are	be	AUX
fsr-3731	108	5	the	the	DET
fsr-3731	108	6	proof	proof	NOUN
fsr-3731	108	7	of	of	ADP
fsr-3731	108	8	existence	existence	NOUN
fsr-3731	108	9	of	of	ADP
fsr-3731	108	10	equilibrium	equilibrium	NOUN
fsr-3731	108	11	and	and	CCONJ
fsr-3731	108	12	the	the	DET
fsr-3731	108	13	characterization	characterization	NOUN
fsr-3731	108	14	of	of	ADP
fsr-3731	108	15	equilibrium	equilibrium	NOUN
fsr-3731	108	16	prices	price	NOUN
fsr-3731	108	17	by	by	ADP
fsr-3731	108	18	an	an	DET
fsr-3731	108	19	“	"	PUNCT
fsr-3731	108	20	euler	euler	NOUN
fsr-3731	108	21	inequality	inequality	NOUN
fsr-3731	108	22	.	.	PUNCT
fsr-3731	108	23	”	"	PUNCT
fsr-3731	109	1	a	a	DET
fsr-3731	109	2	noteworthy	noteworthy	ADJ
fsr-3731	109	3	feature	feature	NOUN
fsr-3731	109	4	of	of	ADP
fsr-3731	109	5	the	the	DET
fsr-3731	109	6	model	model	NOUN
fsr-3731	109	7	is	be	AUX
fsr-3731	109	8	that	that	SCONJ
fsr-3731	109	9	uncertainty	uncertainty	NOUN
fsr-3731	109	10	may	may	AUX
fsr-3731	109	11	lead	lead	VERB
fsr-3731	109	12	to	to	ADP
fsr-3731	109	13	equilibria	equilibrium	NOUN
fsr-3731	109	14	that	that	PRON
fsr-3731	109	15	are	be	AUX
fsr-3731	109	16	indeterminate	indeterminate	ADJ
fsr-3731	109	17	,	,	PUNCT
fsr-3731	109	18	that	that	ADV
fsr-3731	109	19	is	is	ADV
fsr-3731	109	20	,	,	PUNCT
fsr-3731	109	21	there	there	PRON
fsr-3731	109	22	may	may	AUX
fsr-3731	109	23	exist	exist	VERB
fsr-3731	109	24	a	a	DET
fsr-3731	109	25	continuum	continuum	NOUN
fsr-3731	109	26	of	of	ADP
fsr-3731	109	27	equilibria	equilibrium	NOUN
fsr-3731	109	28	for	for	ADP
fsr-3731	109	29	given	give	VERB
fsr-3731	109	30	fundamentals	fundamental	NOUN
fsr-3731	109	31	.	.	PUNCT
fsr-3731	110	1	that	that	PRON
fsr-3731	110	2	leaves	leave	VERB
fsr-3731	110	3	the	the	DET
fsr-3731	110	4	determination	determination	NOUN
fsr-3731	110	5	of	of	ADP
fsr-3731	110	6	a	a	DET
fsr-3731	110	7	particular	particular	ADJ
fsr-3731	110	8	equilibrium	equilibrium	NOUN
fsr-3731	110	9	price	price	NOUN
fsr-3731	110	10	process	process	NOUN
fsr-3731	110	11	to	to	ADP
fsr-3731	110	12	“	"	PUNCT
fsr-3731	110	13	animal	animal	NOUN
fsr-3731	110	14	spirits	spirit	NOUN
fsr-3731	110	15	”	"	PUNCT
fsr-3731	110	16	and	and	CCONJ
fsr-3731	110	17	sizable	sizable	ADJ
fsr-3731	110	18	volatility	volatility	NOUN
fsr-3731	110	19	may	may	AUX
fsr-3731	110	20	result	result	VERB
fsr-3731	110	21	.	.	PUNCT
fsr-3731	111	1	finally	finally	ADV
fsr-3731	111	2	,	,	PUNCT
fsr-3731	111	3	it	it	PRON
fsr-3731	111	4	is	be	AUX
fsr-3731	111	5	argued	argue	VERB
fsr-3731	111	6	that	that	SCONJ
fsr-3731	111	7	empirical	empirical	ADJ
fsr-3731	111	8	investigation	investigation	NOUN
fsr-3731	111	9	of	of	ADP
fsr-3731	111	10	our	our	PRON
fsr-3731	111	11	model	model	NOUN
fsr-3731	111	12	is	be	AUX
fsr-3731	111	13	potentially	potentially	ADV
fsr-3731	111	14	fruitful	fruitful	ADJ
fsr-3731	111	15	.	.	PUNCT
fsr-3731	112	1	econometrica	econometrica	PROPN
fsr-3731	112	2	,	,	PUNCT
fsr-3731	112	3	march	march	PROPN
fsr-3731	112	4	1994	1994	NUM
fsr-3731	112	5	,	,	PUNCT
fsr-3731	112	6	62(3	62(3	NUM
fsr-3731	112	7	):	):	PUNCT
fsr-3731	112	8	283	283	NUM
fsr-3731	112	9	322	322	NUM
fsr-3731	112	10	.	.	PUNCT
fsr-3731	113	1	(	(	PUNCT
fsr-3731	113	2	reprinted	reprint	VERB
fsr-3731	113	3	with	with	ADP
fsr-3731	113	4	permission	permission	NOUN
fsr-3731	113	5	of	of	ADP
fsr-3731	113	6	econometrica	econometrica	PROPN
fsr-3731	113	7	.	.	PUNCT
fsr-3731	113	8	)	)	PUNCT
fsr-3731	114	1	164	164	NUM
fsr-3731	114	2	financial	financial	ADJ
fsr-3731	114	3	services	service	NOUN
fsr-3731	114	4	review	review	NOUN
fsr-3731	114	5	,	,	PUNCT
fsr-3731	114	6	3(2	3(2	NUM
fsr-3731	114	7	)	)	PUNCT
fsr-3731	114	8	1994	1994	NUM
fsr-3731	114	9	real	real	ADJ
fsr-3731	114	10	estate	estate	NOUN
fsr-3731	114	11	investment	investment	NOUN
fsr-3731	114	12	probabilistic	probabilistic	ADJ
fsr-3731	114	13	valuation	valuation	NOUN
fsr-3731	114	14	models	model	NOUN
fsr-3731	114	15	and	and	CCONJ
fsr-3731	114	16	income	income	NOUN
fsr-3731	114	17	tax	tax	NOUN
fsr-3731	114	18	asymmetries	asymmetry	NOUN
fsr-3731	114	19	with	with	ADP
fsr-3731	114	20	an	an	DET
fsr-3731	114	21	application	application	NOUN
fsr-3731	114	22	to	to	ADP
fsr-3731	114	23	the	the	DET
fsr-3731	114	24	analysis	analysis	NOUN
fsr-3731	114	25	of	of	ADP
fsr-3731	114	26	passive	passive	ADJ
fsr-3731	114	27	loss	loss	NOUN
fsr-3731	114	28	restrictions	restriction	NOUN
fsr-3731	114	29	,	,	PUNCT
fsr-3731	114	30	by	by	ADP
fsr-3731	114	31	david	david	PROPN
fsr-3731	114	32	c.	c.	PROPN
fsr-3731	114	33	ling	ling	PROPN
fsr-3731	114	34	(	(	PUNCT
fsr-3731	114	35	university	university	PROPN
fsr-3731	114	36	of	of	ADP
fsr-3731	114	37	florida	florida	PROPN
fsr-3731	114	38	)	)	PUNCT
fsr-3731	114	39	.	.	PUNCT
fsr-3731	115	1	this	this	DET
fsr-3731	115	2	paper	paper	NOUN
fsr-3731	115	3	develops	develop	VERB
fsr-3731	115	4	a	a	DET
fsr-3731	115	5	modified	modify	VERB
fsr-3731	115	6	version	version	NOUN
fsr-3731	115	7	of	of	ADP
fsr-3731	115	8	the	the	DET
fsr-3731	115	9	standard	standard	ADJ
fsr-3731	115	10	real	real	ADJ
fsr-3731	115	11	estate	estate	NOUN
fsr-3731	115	12	discounted	discount	VERB
fsr-3731	115	13	cash	cash	NOUN
fsr-3731	115	14	flow	flow	NOUN
fsr-3731	115	15	valuation	valuation	NOUN
fsr-3731	115	16	model	model	NOUN
fsr-3731	115	17	that	that	PRON
fsr-3731	115	18	allows	allow	VERB
fsr-3731	115	19	the	the	DET
fsr-3731	115	20	analyst	analyst	NOUN
fsr-3731	115	21	to	to	PART
fsr-3731	115	22	specify	specify	VERB
fsr-3731	115	23	probability	probability	NOUN
fsr-3731	115	24	distributions	distribution	NOUN
fsr-3731	115	25	,	,	PUNCT
fsr-3731	115	26	rather	rather	ADV
fsr-3731	115	27	than	than	ADP
fsr-3731	115	28	point	point	NOUN
fsr-3731	115	29	estimates	estimate	NOUN
fsr-3731	115	30	,	,	PUNCT
fsr-3731	115	31	on	on	ADP
fsr-3731	115	32	general	general	ADJ
fsr-3731	115	33	inflation	inflation	NOUN
fsr-3731	115	34	and	and	CCONJ
fsr-3731	115	35	rental	rental	ADJ
fsr-3731	115	36	income	income	NOUN
fsr-3731	115	37	for	for	ADP
fsr-3731	115	38	each	each	DET
fsr-3731	115	39	year	year	NOUN
fsr-3731	115	40	of	of	ADP
fsr-3731	115	41	the	the	DET
fsr-3731	115	42	expected	expect	VERB
fsr-3731	115	43	holding	holding	NOUN
fsr-3731	115	44	period	period	NOUN
fsr-3731	115	45	.	.	PUNCT
fsr-3731	116	1	explicit	explicit	ADJ
fsr-3731	116	2	modeling	modeling	NOUN
fsr-3731	116	3	of	of	ADP
fsr-3731	116	4	rental	rental	ADJ
fsr-3731	116	5	income	income	NOUN
fsr-3731	116	6	uncertainty	uncertainty	NOUN
fsr-3731	116	7	is	be	AUX
fsr-3731	116	8	especially	especially	ADV
fsr-3731	116	9	critical	critical	ADJ
fsr-3731	116	10	in	in	ADP
fsr-3731	116	11	the	the	DET
fsr-3731	116	12	presence	presence	NOUN
fsr-3731	116	13	of	of	ADP
fsr-3731	116	14	restrictions	restriction	NOUN
fsr-3731	116	15	that	that	PRON
fsr-3731	116	16	cause	cause	VERB
fsr-3731	116	17	the	the	DET
fsr-3731	116	18	tax	tax	NOUN
fsr-3731	116	19	treatment	treatment	NOUN
fsr-3731	116	20	of	of	ADP
fsr-3731	116	21	income	income	NOUN
fsr-3731	116	22	-	-	PUNCT
fsr-3731	116	23	producing	produce	VERB
fsr-3731	116	24	property	property	NOUN
fsr-3731	116	25	to	to	PART
fsr-3731	116	26	be	be	AUX
fsr-3731	116	27	asymmetric	asymmetric	ADJ
fsr-3731	116	28	.	.	PUNCT
fsr-3731	117	1	this	this	PRON
fsr-3731	117	2	is	be	AUX
fsr-3731	117	3	demonstrated	demonstrate	VERB
fsr-3731	117	4	by	by	ADP
fsr-3731	117	5	an	an	DET
fsr-3731	117	6	analysis	analysis	NOUN
fsr-3731	117	7	of	of	ADP
fsr-3731	117	8	the	the	DET
fsr-3731	117	9	restrictions	restriction	NOUN
fsr-3731	117	10	on	on	ADP
fsr-3731	117	11	passive	passive	ADJ
fsr-3731	117	12	activity	activity	NOUN
fsr-3731	117	13	losses	loss	NOUN
fsr-3731	117	14	(	(	PUNCT
fsr-3731	117	15	pal	pal	NOUN
fsr-3731	117	16	)	)	PUNCT
fsr-3731	117	17	that	that	PRON
fsr-3731	117	18	were	be	AUX
fsr-3731	117	19	introduced	introduce	VERB
fsr-3731	117	20	with	with	ADP
fsr-3731	117	21	the	the	DET
fsr-3731	117	22	passage	passage	NOUN
fsr-3731	117	23	of	of	ADP
fsr-3731	117	24	the	the	DET
fsr-3731	117	25	tax	tax	NOUN
fsr-3731	117	26	reform	reform	NOUN
fsr-3731	117	27	act	act	NOUN
fsr-3731	117	28	of	of	ADP
fsr-3731	117	29	1986	1986	NUM
fsr-3731	117	30	.	.	PUNCT
fsr-3731	118	1	the	the	DET
fsr-3731	118	2	probability	probability	NOUN
fsr-3731	118	3	model	model	NOUN
fsr-3731	118	4	results	result	NOUN
fsr-3731	118	5	indicate	indicate	VERB
fsr-3731	118	6	that	that	SCONJ
fsr-3731	118	7	rational	rational	ADJ
fsr-3731	118	8	investors	investor	NOUN
fsr-3731	118	9	can	can	AUX
fsr-3731	118	10	pay	pay	VERB
fsr-3731	118	11	significantly	significantly	ADV
fsr-3731	118	12	more	more	ADJ
fsr-3731	118	13	for	for	ADP
fsr-3731	118	14	an	an	DET
fsr-3731	118	15	income	income	NOUN
fsr-3731	118	16	property	property	NOUN
fsr-3731	118	17	as	as	ADP
fsr-3731	118	18	a	a	DET
fsr-3731	118	19	result	result	NOUN
fsr-3731	118	20	of	of	ADP
fsr-3731	118	21	the	the	DET
fsr-3731	118	22	elimination	elimination	NOUN
fsr-3731	118	23	of	of	ADP
fsr-3731	118	24	pal	pal	ADJ
fsr-3731	118	25	restrictions	restriction	NOUN
fsr-3731	118	26	than	than	SCONJ
fsr-3731	118	27	would	would	AUX
fsr-3731	118	28	be	be	AUX
fsr-3731	118	29	indicated	indicate	VERB
fsr-3731	118	30	by	by	ADP
fsr-3731	118	31	the	the	DET
fsr-3731	118	32	results	result	NOUN
fsr-3731	118	33	produced	produce	VERB
fsr-3731	118	34	by	by	ADP
fsr-3731	118	35	a	a	DET
fsr-3731	118	36	standard	standard	ADJ
fsr-3731	118	37	discounted	discount	VERB
fsr-3731	118	38	cash	cash	NOUN
fsr-3731	118	39	flow	flow	NOUN
fsr-3731	118	40	“	"	PUNCT
fsr-3731	118	41	point	point	NOUN
fsr-3731	118	42	estimate	estimate	NOUN
fsr-3731	118	43	”	"	PUNCT
fsr-3731	118	44	model	model	NOUN
fsr-3731	118	45	.	.	PUNCT
fsr-3731	119	1	this	this	PRON
fsr-3731	119	2	is	be	AUX
fsr-3731	119	3	due	due	ADJ
fsr-3731	119	4	to	to	ADP
fsr-3731	119	5	the	the	DET
fsr-3731	119	6	reduction	reduction	NOUN
fsr-3731	119	7	in	in	ADP
fsr-3731	119	8	the	the	DET
fsr-3731	119	9	skewness	skewness	NOUN
fsr-3731	119	10	of	of	ADP
fsr-3731	119	11	the	the	DET
fsr-3731	119	12	after	after	ADP
fsr-3731	119	13	-	-	PUNCT
fsr-3731	119	14	tax	tax	NOUN
fsr-3731	119	15	returns	return	NOUN
fsr-3731	119	16	generated	generate	VERB
fsr-3731	119	17	by	by	ADP
fsr-3731	119	18	the	the	DET
fsr-3731	119	19	property	property	NOUN
fsr-3731	119	20	when	when	SCONJ
fsr-3731	119	21	pal	pal	ADJ
fsr-3731	119	22	restrictions	restriction	NOUN
fsr-3731	119	23	are	be	AUX
fsr-3731	119	24	eliminated	eliminate	VERB
fsr-3731	119	25	,	,	PUNCT
fsr-3731	119	26	and	and	CCONJ
fsr-3731	119	27	the	the	DET
fsr-3731	119	28	decline	decline	NOUN
fsr-3731	119	29	in	in	ADP
fsr-3731	119	30	the	the	DET
fsr-3731	119	31	required	require	VERB
fsr-3731	119	32	equity	equity	NOUN
fsr-3731	119	33	discount	discount	NOUN
fsr-3731	119	34	rate	rate	NOUN
fsr-3731	119	35	that	that	PRON
fsr-3731	119	36	results	result	VERB
fsr-3731	119	37	from	from	ADP
fsr-3731	119	38	the	the	DET
fsr-3731	119	39	decreased	decrease	VERB
fsr-3731	119	40	variance	variance	NOUN
fsr-3731	119	41	of	of	ADP
fsr-3731	119	42	the	the	DET
fsr-3731	119	43	after	after	ADP
fsr-3731	119	44	-	-	PUNCT
fsr-3731	119	45	tax	tax	NOUN
fsr-3731	119	46	returns	return	NOUN
fsr-3731	119	47	.	.	PUNCT
fsr-3731	120	1	the	the	DET
fsr-3731	120	2	journal	journal	NOUN
fsr-3731	120	3	of	of	ADP
fsr-3731	120	4	real	real	ADJ
fsr-3731	120	5	estate	estate	NOUN
fsr-3731	120	6	research	research	NOUN
fsr-3731	120	7	,	,	PUNCT
fsr-3731	120	8	spring	spring	NOUN
fsr-3731	120	9	1993	1993	NUM
fsr-3731	120	10	,	,	PUNCT
fsr-3731	120	11	8(2	8(2	NUM
fsr-3731	120	12	):	):	PUNCT
fsr-3731	120	13	205	205	NUM
fsr-3731	120	14	-	-	SYM
fsr-3731	120	15	220	220	NUM
fsr-3731	120	16	.	.	PUNCT
fsr-3731	121	1	(	(	PUNCT
fsr-3731	121	2	reprinted	reprint	VERB
fsr-3731	121	3	with	with	ADP
fsr-3731	121	4	permission	permission	NOUN
fsr-3731	121	5	of	of	ADP
fsr-3731	121	6	the	the	DET
fsr-3731	121	7	journal	journal	NOUN
fsr-3731	121	8	of	of	ADP
fsr-3731	121	9	real	real	ADJ
fsr-3731	121	10	estate	estate	NOUN
fsr-3731	121	11	research	research	NOUN
fsr-3731	121	12	.	.	PUNCT
fsr-3731	121	13	)	)	PUNCT
fsr-3731	122	1	factors	factor	NOUN
fsr-3731	122	2	influencing	influence	VERB
fsr-3731	122	3	capitalization	capitalization	NOUN
fsr-3731	122	4	rates	rate	NOUN
fsr-3731	122	5	,	,	PUNCT
fsr-3731	122	6	by	by	ADP
fsr-3731	122	7	brent	brent	PROPN
fsr-3731	122	8	w.	w.	PROPN
fsr-3731	122	9	ambrose	ambrose	PROPN
fsr-3731	122	10	(	(	PUNCT
fsr-3731	122	11	the	the	DET
fsr-3731	122	12	university	university	PROPN
fsr-3731	122	13	of	of	ADP
fsr-3731	122	14	wisconsin	wisconsin	PROPN
fsr-3731	122	15	-	-	PUNCT
fsr-3731	122	16	milwaukee	milwaukee	PROPN
fsr-3731	122	17	)	)	PUNCT
fsr-3731	122	18	and	and	CCONJ
fsr-3731	122	19	hugh	hugh	PROPN
fsr-3731	122	20	0	0	PROPN
fsr-3731	122	21	.	.	PUNCT
fsr-3731	123	1	nourse	nourse	ADJ
fsr-3731	123	2	(	(	PUNCT
fsr-3731	123	3	the	the	DET
fsr-3731	123	4	university	university	PROPN
fsr-3731	123	5	of	of	ADP
fsr-3731	123	6	georgia	georgia	PROPN
fsr-3731	123	7	)	)	PUNCT
fsr-3731	123	8	.	.	PUNCT
fsr-3731	124	1	this	this	DET
fsr-3731	124	2	study	study	NOUN
fsr-3731	124	3	examines	examine	VERB
fsr-3731	124	4	the	the	DET
fsr-3731	124	5	variations	variation	NOUN
fsr-3731	124	6	in	in	ADP
fsr-3731	124	7	quarterly	quarterly	ADJ
fsr-3731	124	8	mean	mean	NOUN
fsr-3731	124	9	“	"	PUNCT
fsr-3731	124	10	capitalization	capitalization	NOUN
fsr-3731	124	11	rates	rate	NOUN
fsr-3731	124	12	”	"	PUNCT
fsr-3731	124	13	for	for	ADP
fsr-3731	124	14	com	com	NOUN
fsr-3731	124	15	mercial	mercial	ADJ
fsr-3731	124	16	and	and	CCONJ
fsr-3731	124	17	industrial	industrial	ADJ
fsr-3731	124	18	investment	investment	NOUN
fsr-3731	124	19	properties	property	NOUN
fsr-3731	124	20	.	.	PUNCT
fsr-3731	125	1	by	by	ADP
fsr-3731	125	2	explaining	explain	VERB
fsr-3731	125	3	the	the	DET
fsr-3731	125	4	variations	variation	NOUN
fsr-3731	125	5	in	in	ADP
fsr-3731	125	6	the	the	DET
fsr-3731	125	7	capitaliza	capitaliza	PROPN
fsr-3731	125	8	tion	tion	NOUN
fsr-3731	125	9	rate	rate	NOUN
fsr-3731	125	10	,	,	PUNCT
fsr-3731	125	11	we	we	PRON
fsr-3731	125	12	hope	hope	VERB
fsr-3731	125	13	to	to	PART
fsr-3731	125	14	expand	expand	VERB
fsr-3731	125	15	the	the	DET
fsr-3731	125	16	research	research	NOUN
fsr-3731	125	17	in	in	ADP
fsr-3731	125	18	explaining	explain	VERB
fsr-3731	125	19	variations	variation	NOUN
fsr-3731	125	20	in	in	ADP
fsr-3731	125	21	the	the	DET
fsr-3731	125	22	overall	overall	ADJ
fsr-3731	125	23	return	return	NOUN
fsr-3731	125	24	to	to	ADP
fsr-3731	125	25	property	property	NOUN
fsr-3731	125	26	.	.	PUNCT
fsr-3731	126	1	this	this	DET
fsr-3731	126	2	study	study	NOUN
fsr-3731	126	3	differs	differ	VERB
fsr-3731	126	4	from	from	ADP
fsr-3731	126	5	other	other	ADJ
fsr-3731	126	6	research	research	NOUN
fsr-3731	126	7	on	on	ADP
fsr-3731	126	8	portfolio	portfolio	NOUN
fsr-3731	126	9	capitalization	capitalization	NOUN
fsr-3731	126	10	rates	rate	NOUN
fsr-3731	126	11	because	because	SCONJ
fsr-3731	126	12	we	we	PRON
fsr-3731	126	13	separately	separately	ADV
fsr-3731	126	14	analyze	analyze	VERB
fsr-3731	126	15	the	the	DET
fsr-3731	126	16	rates	rate	NOUN
fsr-3731	126	17	by	by	ADP
fsr-3731	126	18	property	property	NOUN
fsr-3731	126	19	type	type	NOUN
fsr-3731	126	20	.	.	PUNCT
fsr-3731	127	1	the	the	DET
fsr-3731	127	2	results	result	NOUN
fsr-3731	127	3	show	show	VERB
fsr-3731	127	4	that	that	SCONJ
fsr-3731	127	5	using	use	VERB
fsr-3731	127	6	“	"	PUNCT
fsr-3731	127	7	averaged	average	VERB
fsr-3731	127	8	”	"	PUNCT
fsr-3731	127	9	capitalization	capitalization	NOUN
fsr-3731	127	10	rates	rate	NOUN
fsr-3731	127	11	across	across	ADP
fsr-3731	127	12	property	property	NOUN
fsr-3731	127	13	types	type	NOUN
fsr-3731	127	14	eliminates	eliminate	VERB
fsr-3731	127	15	important	important	ADJ
fsr-3731	127	16	information	information	NOUN
fsr-3731	127	17	.	.	PUNCT
fsr-3731	128	1	we	we	PRON
fsr-3731	128	2	use	use	VERB
fsr-3731	128	3	the	the	DET
fsr-3731	128	4	band	band	NOUN
fsr-3731	128	5	of	of	ADP
fsr-3731	128	6	investment	investment	NOUN
fsr-3731	128	7	approach	approach	NOUN
fsr-3731	128	8	to	to	PART
fsr-3731	128	9	develop	develop	VERB
fsr-3731	128	10	a	a	DET
fsr-3731	128	11	theoretical	theoretical	ADJ
fsr-3731	128	12	model	model	NOUN
fsr-3731	128	13	explaining	explain	VERB
fsr-3731	128	14	the	the	DET
fsr-3731	128	15	capitalization	capitalization	NOUN
fsr-3731	128	16	rate	rate	NOUN
fsr-3731	128	17	and	and	CCONJ
fsr-3731	128	18	test	test	NOUN
fsr-3731	128	19	this	this	DET
fsr-3731	128	20	model	model	NOUN
fsr-3731	128	21	using	use	VERB
fsr-3731	128	22	both	both	DET
fsr-3731	128	23	seemingly	seemingly	ADV
fsr-3731	128	24	unrelated	unrelated	ADJ
fsr-3731	128	25	regression	regression	NOUN
fsr-3731	128	26	(	(	PUNCT
fsr-3731	128	27	sur	sur	PROPN
fsr-3731	128	28	)	)	PUNCT
fsr-3731	128	29	and	and	CCONJ
fsr-3731	128	30	cross	cross	ADJ
fsr-3731	128	31	-	-	ADJ
fsr-3731	128	32	sectional	sectional	ADJ
fsr-3731	128	33	/	/	SYM
fsr-3731	128	34	time	time	NOUN
fsr-3731	128	35	series	series	PROPN
fsr-3731	128	36	regression	regression	PROPN
fsr-3731	128	37	(	(	PUNCT
fsr-3731	128	38	panel	panel	NOUN
fsr-3731	128	39	data	datum	NOUN
fsr-3731	128	40	)	)	PUNCT
fsr-3731	128	41	.	.	PUNCT
fsr-3731	129	1	the	the	DET
fsr-3731	129	2	journal	journal	NOUN
fsr-3731	129	3	of	of	ADP
fsr-3731	129	4	real	real	ADJ
fsr-3731	129	5	estate	estate	NOUN
fsr-3731	129	6	research	research	NOUN
fsr-3731	129	7	,	,	PUNCT
fsr-3731	129	8	spring	spring	NOUN
fsr-3731	129	9	1993	1993	NUM
fsr-3731	129	10	,	,	PUNCT
fsr-3731	129	11	8(2	8(2	NUM
fsr-3731	129	12	):	):	PUNCT
fsr-3731	129	13	221	221	NUM
fsr-3731	129	14	-	-	SYM
fsr-3731	129	15	237	237	NUM
fsr-3731	129	16	.	.	PUNCT
fsr-3731	130	1	(	(	PUNCT
fsr-3731	130	2	reprinted	reprint	VERB
fsr-3731	130	3	with	with	ADP
fsr-3731	130	4	permission	permission	NOUN
fsr-3731	130	5	of	of	ADP
fsr-3731	130	6	the	the	DET
fsr-3731	130	7	journal	journal	NOUN
fsr-3731	130	8	of	of	ADP
fsr-3731	130	9	real	real	ADJ
fsr-3731	130	10	estate	estate	NOUN
fsr-3731	130	11	research	research	NOUN
fsr-3731	130	12	.	.	PUNCT
fsr-3731	130	13	)	)	PUNCT
fsr-3731	131	1	neighborhood	neighborhood	NOUN
fsr-3731	131	2	racial	racial	ADJ
fsr-3731	131	3	transition	transition	NOUN
fsr-3731	131	4	and	and	CCONJ
fsr-3731	131	5	housing	housing	NOUN
fsr-3731	131	6	returns	return	NOUN
fsr-3731	131	7	:	:	PUNCT
fsr-3731	131	8	a	a	DET
fsr-3731	131	9	portfolio	portfolio	NOUN
fsr-3731	131	10	approach	approach	NOUN
fsr-3731	131	11	,	,	PUNCT
fsr-3731	131	12	by	by	ADP
fsr-3731	131	13	michael	michael	PROPN
fsr-3731	131	14	devaney	devaney	PROPN
fsr-3731	131	15	(	(	PUNCT
fsr-3731	131	16	southeast	southeast	PROPN
fsr-3731	131	17	missouri	missouri	PROPN
fsr-3731	131	18	state	state	PROPN
fsr-3731	131	19	university	university	PROPN
fsr-3731	131	20	)	)	PUNCT
fsr-3731	131	21	and	and	CCONJ
fsr-3731	131	22	william	william	PROPN
fsr-3731	131	23	b.	b.	PROPN
fsr-3731	131	24	rayburn	rayburn	PROPN
fsr-3731	131	25	(	(	PUNCT
fsr-3731	131	26	university	university	NOUN
fsr-3731	131	27	of	of	ADP
fsr-3731	131	28	mississippi	mississippi	PROPN
fsr-3731	131	29	)	)	PUNCT
fsr-3731	131	30	.	.	PUNCT
fsr-3731	132	1	a	a	DET
fsr-3731	132	2	portfolio	portfolio	NOUN
fsr-3731	132	3	test	test	NOUN
fsr-3731	132	4	was	be	AUX
fsr-3731	132	5	used	use	VERB
fsr-3731	132	6	to	to	PART
fsr-3731	132	7	determine	determine	VERB
fsr-3731	132	8	whether	whether	SCONJ
fsr-3731	132	9	neighborhood	neighborhood	NOUN
fsr-3731	132	10	racial	racial	ADJ
fsr-3731	132	11	transition	transition	NOUN
fsr-3731	132	12	impacts	impact	VERB
fsr-3731	132	13	the	the	DET
fsr-3731	132	14	risk	risk	NOUN
fsr-3731	132	15	/	/	SYM
fsr-3731	132	16	return	return	NOUN
fsr-3731	132	17	of	of	ADP
fsr-3731	132	18	housing	housing	NOUN
fsr-3731	132	19	.	.	PUNCT
fsr-3731	133	1	we	we	PRON
fsr-3731	133	2	conclude	conclude	VERB
fsr-3731	133	3	that	that	SCONJ
fsr-3731	133	4	the	the	DET
fsr-3731	133	5	diversification	diversification	NOUN
fsr-3731	133	6	advantages	advantage	NOUN
fsr-3731	133	7	of	of	ADP
fsr-3731	133	8	residential	residential	ADJ
fsr-3731	133	9	real	real	ADJ
fsr-3731	133	10	estate	estate	NOUN
fsr-3731	133	11	were	be	AUX
fsr-3731	133	12	adversely	adversely	ADV
fsr-3731	133	13	affected	affect	VERB
fsr-3731	133	14	by	by	ADP
fsr-3731	133	15	racial	racial	ADJ
fsr-3731	133	16	transition	transition	NOUN
fsr-3731	133	17	and	and	CCONJ
fsr-3731	133	18	that	that	DET
fsr-3731	133	19	hedge	hedge	NOUN
fsr-3731	133	20	efficiency	efficiency	NOUN
fsr-3731	133	21	was	be	AUX
fsr-3731	133	22	positively	positively	ADV
fsr-3731	133	23	related	relate	VERB
fsr-3731	133	24	to	to	ADP
fsr-3731	133	25	neighborhood	neighborhood	NOUN
fsr-3731	133	26	income	income	NOUN
fsr-3731	133	27	and	and	CCONJ
fsr-3731	133	28	the	the	DET
fsr-3731	133	29	proportion	proportion	NOUN
fsr-3731	133	30	of	of	ADP
fsr-3731	133	31	owner	owner	NOUN
fsr-3731	133	32	occupancy	occupancy	NOUN
fsr-3731	133	33	.	.	PUNCT
fsr-3731	134	1	this	this	DET
fsr-3731	134	2	result	result	NOUN
fsr-3731	134	3	applied	apply	VERB
fsr-3731	134	4	only	only	ADV
fsr-3731	134	5	to	to	ADP
fsr-3731	134	6	neighborhoods	neighborhood	NOUN
fsr-3731	134	7	with	with	ADP
fsr-3731	134	8	a	a	DET
fsr-3731	134	9	high	high	ADJ
fsr-3731	134	10	rate	rate	NOUN
fsr-3731	134	11	of	of	ADP
fsr-3731	134	12	racial	racial	ADJ
fsr-3731	134	13	transition	transition	NOUN
fsr-3731	134	14	and	and	CCONJ
fsr-3731	134	15	was	be	AUX
fsr-3731	134	16	independent	independent	ADJ
fsr-3731	134	17	of	of	ADP
fsr-3731	134	18	neighbor	neighbor	NOUN
fsr-3731	134	19	hood	hood	VERB
fsr-3731	134	20	racial	racial	ADJ
fsr-3731	134	21	composition	composition	NOUN
fsr-3731	134	22	.	.	PUNCT
fsr-3731	135	1	the	the	DET
fsr-3731	135	2	journal	journal	NOUN
fsr-3731	135	3	of	of	ADP
fsr-3731	135	4	real	real	ADJ
fsr-3731	135	5	estate	estate	NOUN
fsr-3731	135	6	research	research	NOUN
fsr-3731	135	7	,	,	PUNCT
fsr-3731	135	8	spring	spring	NOUN
fsr-3731	135	9	1993,8(2	1993,8(2	NUM
fsr-3731	135	10	):	):	PUNCT
fsr-3731	135	11	239	239	NUM
fsr-3731	135	12	-	-	SYM
fsr-3731	135	13	252	252	NUM
fsr-3731	135	14	.	.	PUNCT
fsr-3731	136	1	(	(	PUNCT
fsr-3731	136	2	reprinted	reprint	VERB
fsr-3731	136	3	with	with	ADP
fsr-3731	136	4	permission	permission	NOUN
fsr-3731	136	5	of	of	ADP
fsr-3731	136	6	the	the	DET
fsr-3731	136	7	journal	journal	NOUN
fsr-3731	136	8	of	of	ADP
fsr-3731	136	9	real	real	ADJ
fsr-3731	136	10	estate	estate	NOUN
fsr-3731	136	11	research	research	NOUN
fsr-3731	136	12	.	.	PUNCT
fsr-3731	136	13	)	)	PUNCT
fsr-3731	137	1	abstracts	abstract	NOUN
fsr-3731	137	2	of	of	ADP
fsr-3731	137	3	articles	article	NOUN
fsr-3731	137	4	on	on	ADP
fsr-3731	137	5	individual	individual	ADJ
fsr-3731	137	6	financial	financial	ADJ
fsr-3731	137	7	management	management	NOUN
fsr-3731	137	8	165	165	NUM
fsr-3731	137	9	risk	risk	NOUN
fsr-3731	137	10	attitudes	attitude	NOUN
fsr-3731	137	11	of	of	ADP
fsr-3731	137	12	investors	investor	NOUN
fsr-3731	137	13	increased	increase	VERB
fsr-3731	137	14	risk	risk	NOUN
fsr-3731	137	15	aversion	aversion	NOUN
fsr-3731	137	16	and	and	CCONJ
fsr-3731	137	17	risky	risky	ADJ
fsr-3731	137	18	investment	investment	NOUN
fsr-3731	137	19	,	,	PUNCT
fsr-3731	137	20	by	by	ADP
fsr-3731	137	21	jiarong	jiarong	PROPN
fsr-3731	137	22	fu	fu	PROPN
fsr-3731	137	23	(	(	PUNCT
fsr-3731	137	24	university	university	NOUN
fsr-3731	137	25	of	of	ADP
fsr-3731	137	26	iowa	iowa	PROPN
fsr-3731	137	27	)	)	PUNCT
fsr-3731	137	28	.	.	PUNCT
fsr-3731	138	1	this	this	DET
fsr-3731	138	2	article	article	NOUN
fsr-3731	138	3	investigates	investigate	VERB
fsr-3731	138	4	the	the	DET
fsr-3731	138	5	relationship	relationship	NOUN
fsr-3731	138	6	between	between	ADP
fsr-3731	138	7	the	the	DET
fsr-3731	138	8	size	size	NOUN
fsr-3731	138	9	of	of	ADP
fsr-3731	138	10	investment	investment	NOUN
fsr-3731	138	11	in	in	ADP
fsr-3731	138	12	a	a	DET
fsr-3731	138	13	risky	risky	ADJ
fsr-3731	138	14	asset	asset	NOUN
fsr-3731	138	15	and	and	CCONJ
fsr-3731	138	16	the	the	DET
fsr-3731	138	17	degree	degree	NOUN
fsr-3731	138	18	of	of	ADP
fsr-3731	138	19	risk	risk	NOUN
fsr-3731	138	20	aversion	aversion	NOUN
fsr-3731	138	21	.	.	PUNCT
fsr-3731	139	1	the	the	DET
fsr-3731	139	2	necessary	necessary	ADJ
fsr-3731	139	3	and	and	CCONJ
fsr-3731	139	4	sufficient	sufficient	ADJ
fsr-3731	139	5	conditions	condition	NOUN
fsr-3731	139	6	are	be	AUX
fsr-3731	139	7	established	establish	VERB
fsr-3731	139	8	that	that	PRON
fsr-3731	139	9	permit	permit	VERB
fsr-3731	139	10	the	the	DET
fsr-3731	139	11	prediction	prediction	NOUN
fsr-3731	139	12	of	of	ADP
fsr-3731	139	13	whether	whether	SCONJ
fsr-3731	139	14	agents	agent	NOUN
fsr-3731	139	15	with	with	ADP
fsr-3731	139	16	differing	differing	ADJ
fsr-3731	139	17	degrees	degree	NOUN
fsr-3731	139	18	of	of	ADP
fsr-3731	139	19	risk	risk	NOUN
fsr-3731	139	20	aversion	aversion	NOUN
fsr-3731	139	21	will	will	AUX
fsr-3731	139	22	increase	increase	VERB
fsr-3731	139	23	or	or	CCONJ
fsr-3731	139	24	decrease	decrease	VERB
fsr-3731	139	25	investment	investment	NOUN
fsr-3731	139	26	in	in	ADP
fsr-3731	139	27	the	the	DET
fsr-3731	139	28	risky	risky	ADJ
fsr-3731	139	29	asset	asset	NOUN
fsr-3731	139	30	.	.	PUNCT
fsr-3731	140	1	it	it	PRON
fsr-3731	140	2	shows	show	VERB
fsr-3731	140	3	,	,	PUNCT
fsr-3731	140	4	in	in	ADP
fsr-3731	140	5	particular	particular	ADJ
fsr-3731	140	6	,	,	PUNCT
fsr-3731	140	7	that	that	SCONJ
fsr-3731	140	8	when	when	SCONJ
fsr-3731	140	9	the	the	DET
fsr-3731	140	10	marginal	marginal	ADJ
fsr-3731	140	11	return	return	NOUN
fsr-3731	140	12	to	to	ADP
fsr-3731	140	13	investment	investment	NOUN
fsr-3731	140	14	decreases	decrease	NOUN
fsr-3731	140	15	(	(	PUNCT
fsr-3731	140	16	increases	increase	NOUN
fsr-3731	140	17	)	)	PUNCT
fsr-3731	140	18	with	with	ADP
fsr-3731	140	19	an	an	DET
fsr-3731	140	20	improvement	improvement	NOUN
fsr-3731	140	21	in	in	ADP
fsr-3731	140	22	the	the	DET
fsr-3731	140	23	state	state	NOUN
fsr-3731	140	24	of	of	ADP
fsr-3731	140	25	nature	nature	NOUN
fsr-3731	140	26	,	,	PUNCT
fsr-3731	140	27	greater	great	ADJ
fsr-3731	140	28	risk	risk	NOUN
fsr-3731	140	29	aversion	aversion	NOUN
fsr-3731	140	30	will	will	AUX
fsr-3731	140	31	induce	induce	VERB
fsr-3731	140	32	higher	high	ADJ
fsr-3731	140	33	(	(	PUNCT
fsr-3731	140	34	lower	low	ADJ
fsr-3731	140	35	)	)	PUNCT
fsr-3731	140	36	investment	investment	NOUN
fsr-3731	140	37	.	.	PUNCT
fsr-3731	141	1	the	the	DET
fsr-3731	141	2	journal	journal	NOUN
fsr-3731	141	3	of	of	ADP
fsr-3731	141	4	risk	risk	NOUN
fsr-3731	141	5	and	and	CCONJ
fsr-3731	141	6	insurance	insurance	NOUN
fsr-3731	141	7	,	,	PUNCT
fsr-3731	141	8	september	september	PROPN
fsr-3731	141	9	1993	1993	NUM
fsr-3731	141	10	,	,	PUNCT
fsr-3731	141	11	60(3	60(3	NOUN
fsr-3731	141	12	):	):	PUNCT
fsr-3731	141	13	494	494	NUM
fsr-3731	141	14	-	-	SYM
fsr-3731	141	15	501	501	NUM
fsr-3731	141	16	.	.	PUNCT
fsr-3731	142	1	(	(	PUNCT
fsr-3731	142	2	reprinted	reprint	VERB
fsr-3731	142	3	with	with	ADP
fsr-3731	142	4	permission	permission	NOUN
fsr-3731	142	5	of	of	ADP
fsr-3731	142	6	the	the	DET
fsr-3731	142	7	journaf	journaf	NOUN
fsr-3731	142	8	of	of	ADP
fsr-3731	142	9	risk	risk	NOUN
fsr-3731	142	10	and	and	CCONJ
fsr-3731	142	11	insurance	insurance	NOUN
fsr-3731	142	12	.	.	PUNCT
fsr-3731	142	13	)	)	PUNCT