id sid tid token lemma pos work_27j75zbdvbduhd2fxzmr2pewhy 1 1 Munich Munich NNP work_27j75zbdvbduhd2fxzmr2pewhy 1 2 Personal Personal NNP work_27j75zbdvbduhd2fxzmr2pewhy 1 3 RePEc RePEc NNP work_27j75zbdvbduhd2fxzmr2pewhy 1 4 Archive Archive NNP work_27j75zbdvbduhd2fxzmr2pewhy 1 5 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 1 6 Beauty Beauty NNP work_27j75zbdvbduhd2fxzmr2pewhy 1 7 Contest Contest NNP work_27j75zbdvbduhd2fxzmr2pewhy 1 8 , , , work_27j75zbdvbduhd2fxzmr2pewhy 1 9 Accounting Accounting NNP work_27j75zbdvbduhd2fxzmr2pewhy 1 10 Disclosure Disclosure NNP work_27j75zbdvbduhd2fxzmr2pewhy 1 11 , , , work_27j75zbdvbduhd2fxzmr2pewhy 1 12 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 1 13 Market Market NNP work_27j75zbdvbduhd2fxzmr2pewhy 1 14 Efficiency Efficiency NNP work_27j75zbdvbduhd2fxzmr2pewhy 1 15 Gao Gao NNP work_27j75zbdvbduhd2fxzmr2pewhy 1 16 , , , work_27j75zbdvbduhd2fxzmr2pewhy 1 17 Pingyang Pingyang NNP work_27j75zbdvbduhd2fxzmr2pewhy 1 18 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 1 19 University University NNP work_27j75zbdvbduhd2fxzmr2pewhy 1 20 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 1 21 Chicago Chicago NNP work_27j75zbdvbduhd2fxzmr2pewhy 1 22 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 1 23 Graduate Graduate NNP work_27j75zbdvbduhd2fxzmr2pewhy 1 24 School School NNP work_27j75zbdvbduhd2fxzmr2pewhy 1 25 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 1 26 Business Business NNP work_27j75zbdvbduhd2fxzmr2pewhy 1 27 June June NNP work_27j75zbdvbduhd2fxzmr2pewhy 1 28 2007 2007 CD work_27j75zbdvbduhd2fxzmr2pewhy 1 29 Online Online NNP work_27j75zbdvbduhd2fxzmr2pewhy 1 30 at at IN work_27j75zbdvbduhd2fxzmr2pewhy 1 31 https://mpra.ub.uni-muenchen.de/9480/ https://mpra.ub.uni-muenchen.de/9480/ NNP work_27j75zbdvbduhd2fxzmr2pewhy 1 32 MPRA MPRA NNP work_27j75zbdvbduhd2fxzmr2pewhy 1 33 Paper Paper NNP work_27j75zbdvbduhd2fxzmr2pewhy 1 34 No no NN work_27j75zbdvbduhd2fxzmr2pewhy 1 35 . . . work_27j75zbdvbduhd2fxzmr2pewhy 2 1 9480 9480 CD work_27j75zbdvbduhd2fxzmr2pewhy 2 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 2 3 posted post VBD work_27j75zbdvbduhd2fxzmr2pewhy 2 4 08 08 CD work_27j75zbdvbduhd2fxzmr2pewhy 2 5 Jul Jul NNP work_27j75zbdvbduhd2fxzmr2pewhy 2 6 2008 2008 CD work_27j75zbdvbduhd2fxzmr2pewhy 2 7 00:51 00:51 CD work_27j75zbdvbduhd2fxzmr2pewhy 2 8 UTC UTC NNP work_27j75zbdvbduhd2fxzmr2pewhy 2 9 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 2 10 Beauty Beauty NNP work_27j75zbdvbduhd2fxzmr2pewhy 2 11 Contest Contest NNP work_27j75zbdvbduhd2fxzmr2pewhy 2 12 , , , work_27j75zbdvbduhd2fxzmr2pewhy 2 13 Accounting Accounting NNP work_27j75zbdvbduhd2fxzmr2pewhy 2 14 Disclosure Disclosure NNP work_27j75zbdvbduhd2fxzmr2pewhy 2 15 , , , work_27j75zbdvbduhd2fxzmr2pewhy 2 16 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 2 17 Market market NN work_27j75zbdvbduhd2fxzmr2pewhy 2 18 Efficiency∗ efficiency∗ ADD work_27j75zbdvbduhd2fxzmr2pewhy 2 19 Pingyang Pingyang NNP work_27j75zbdvbduhd2fxzmr2pewhy 2 20 Gao† Gao† NNP work_27j75zbdvbduhd2fxzmr2pewhy 2 21 Yale Yale NNP work_27j75zbdvbduhd2fxzmr2pewhy 2 22 School School NNP work_27j75zbdvbduhd2fxzmr2pewhy 2 23 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 2 24 Management Management NNP work_27j75zbdvbduhd2fxzmr2pewhy 2 25 October October NNP work_27j75zbdvbduhd2fxzmr2pewhy 2 26 , , , work_27j75zbdvbduhd2fxzmr2pewhy 2 27 2007 2007 CD work_27j75zbdvbduhd2fxzmr2pewhy 2 28 Abstract Abstract NNP work_27j75zbdvbduhd2fxzmr2pewhy 2 29 This this DT work_27j75zbdvbduhd2fxzmr2pewhy 2 30 paper paper NN work_27j75zbdvbduhd2fxzmr2pewhy 2 31 examines examine VBZ work_27j75zbdvbduhd2fxzmr2pewhy 2 32 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 2 33 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 2 34 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 2 35 consequences consequence NNS work_27j75zbdvbduhd2fxzmr2pewhy 2 36 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 2 37 accounting accounting NN work_27j75zbdvbduhd2fxzmr2pewhy 2 38 disclosure disclosure NN work_27j75zbdvbduhd2fxzmr2pewhy 2 39 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 2 40 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 2 41 con- con- NN work_27j75zbdvbduhd2fxzmr2pewhy 2 42 text text NN work_27j75zbdvbduhd2fxzmr2pewhy 2 43 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 2 44 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 2 45 markets market NNS work_27j75zbdvbduhd2fxzmr2pewhy 2 46 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 2 47 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 2 48 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 2 49 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 2 50 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 2 51 , , , work_27j75zbdvbduhd2fxzmr2pewhy 2 52 an an DT work_27j75zbdvbduhd2fxzmr2pewhy 2 53 influential influential JJ work_27j75zbdvbduhd2fxzmr2pewhy 2 54 metaphor metaphor NN work_27j75zbdvbduhd2fxzmr2pewhy 2 55 originally originally RB work_27j75zbdvbduhd2fxzmr2pewhy 2 56 proposed propose VBN work_27j75zbdvbduhd2fxzmr2pewhy 2 57 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 2 58 Keynes Keynes NNP work_27j75zbdvbduhd2fxzmr2pewhy 2 59 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 2 60 1936 1936 CD work_27j75zbdvbduhd2fxzmr2pewhy 2 61 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 2 62 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 2 63 recently recently RB work_27j75zbdvbduhd2fxzmr2pewhy 2 64 formalized formalize VBN work_27j75zbdvbduhd2fxzmr2pewhy 2 65 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 2 66 Allen Allen NNP work_27j75zbdvbduhd2fxzmr2pewhy 2 67 , , , work_27j75zbdvbduhd2fxzmr2pewhy 2 68 Morris Morris NNP work_27j75zbdvbduhd2fxzmr2pewhy 2 69 , , , work_27j75zbdvbduhd2fxzmr2pewhy 2 70 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 2 71 Shin Shin NNP work_27j75zbdvbduhd2fxzmr2pewhy 2 72 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 2 73 2006 2006 CD work_27j75zbdvbduhd2fxzmr2pewhy 2 74 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 2 75 . . . work_27j75zbdvbduhd2fxzmr2pewhy 3 1 In in IN work_27j75zbdvbduhd2fxzmr2pewhy 3 2 such such JJ work_27j75zbdvbduhd2fxzmr2pewhy 3 3 markets market NNS work_27j75zbdvbduhd2fxzmr2pewhy 3 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 3 5 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 3 6 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 3 7 plays play VBZ work_27j75zbdvbduhd2fxzmr2pewhy 3 8 an an DT work_27j75zbdvbduhd2fxzmr2pewhy 3 9 additional additional JJ work_27j75zbdvbduhd2fxzmr2pewhy 3 10 commonality commonality NN work_27j75zbdvbduhd2fxzmr2pewhy 3 11 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 3 12 , , , work_27j75zbdvbduhd2fxzmr2pewhy 3 13 biasing bias VBG work_27j75zbdvbduhd2fxzmr2pewhy 3 14 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 3 15 prices price NNS work_27j75zbdvbduhd2fxzmr2pewhy 3 16 away away RB work_27j75zbdvbduhd2fxzmr2pewhy 3 17 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 3 18 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 3 19 consensus consensus NN work_27j75zbdvbduhd2fxzmr2pewhy 3 20 fundamental fundamental JJ work_27j75zbdvbduhd2fxzmr2pewhy 3 21 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 3 22 toward toward IN work_27j75zbdvbduhd2fxzmr2pewhy 3 23 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 3 24 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 3 25 . . . work_27j75zbdvbduhd2fxzmr2pewhy 4 1 Despite despite IN work_27j75zbdvbduhd2fxzmr2pewhy 4 2 this this DT work_27j75zbdvbduhd2fxzmr2pewhy 4 3 bias bias NN work_27j75zbdvbduhd2fxzmr2pewhy 4 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 4 5 I -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 4 6 demonstrate demonstrate VBP work_27j75zbdvbduhd2fxzmr2pewhy 4 7 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 4 8 provisions provision NNS work_27j75zbdvbduhd2fxzmr2pewhy 4 9 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 4 10 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 4 11 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 4 12 always always RB work_27j75zbdvbduhd2fxzmr2pewhy 4 13 drive drive VBP work_27j75zbdvbduhd2fxzmr2pewhy 4 14 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 4 15 prices price NNS work_27j75zbdvbduhd2fxzmr2pewhy 4 16 closer close RBR work_27j75zbdvbduhd2fxzmr2pewhy 4 17 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 4 18 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 4 19 fundamental fundamental JJ work_27j75zbdvbduhd2fxzmr2pewhy 4 20 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 4 21 . . . work_27j75zbdvbduhd2fxzmr2pewhy 5 1 Hence hence RB work_27j75zbdvbduhd2fxzmr2pewhy 5 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 5 3 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 5 4 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 5 5 main main JJ work_27j75zbdvbduhd2fxzmr2pewhy 5 6 source source NN work_27j75zbdvbduhd2fxzmr2pewhy 5 7 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 5 8 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 5 9 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 5 10 , , , work_27j75zbdvbduhd2fxzmr2pewhy 5 11 accounting account VBG work_27j75zbdvbduhd2fxzmr2pewhy 5 12 disclosure disclosure NN work_27j75zbdvbduhd2fxzmr2pewhy 5 13 enhances enhance VBZ work_27j75zbdvbduhd2fxzmr2pewhy 5 14 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 5 15 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 5 16 , , , work_27j75zbdvbduhd2fxzmr2pewhy 5 17 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 5 18 transparency transparency NN work_27j75zbdvbduhd2fxzmr2pewhy 5 19 should should MD work_27j75zbdvbduhd2fxzmr2pewhy 5 20 not not RB work_27j75zbdvbduhd2fxzmr2pewhy 5 21 be be VB work_27j75zbdvbduhd2fxzmr2pewhy 5 22 compromised compromise VBN work_27j75zbdvbduhd2fxzmr2pewhy 5 23 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 5 24 grounds ground NNS work_27j75zbdvbduhd2fxzmr2pewhy 5 25 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 5 26 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 5 27 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 5 28 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 5 29 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 5 30 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 5 31 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 5 32 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 5 33 . . . work_27j75zbdvbduhd2fxzmr2pewhy 6 1 ∗I ∗I NNP work_27j75zbdvbduhd2fxzmr2pewhy 6 2 am be VBP work_27j75zbdvbduhd2fxzmr2pewhy 6 3 grateful grateful JJ work_27j75zbdvbduhd2fxzmr2pewhy 6 4 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 6 5 seminar seminar NN work_27j75zbdvbduhd2fxzmr2pewhy 6 6 participants participant NNS work_27j75zbdvbduhd2fxzmr2pewhy 6 7 at at IN work_27j75zbdvbduhd2fxzmr2pewhy 6 8 Yale Yale NNP work_27j75zbdvbduhd2fxzmr2pewhy 6 9 University University NNP work_27j75zbdvbduhd2fxzmr2pewhy 6 10 , , , work_27j75zbdvbduhd2fxzmr2pewhy 6 11 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 6 12 2007 2007 CD work_27j75zbdvbduhd2fxzmr2pewhy 6 13 AAA AAA NNP work_27j75zbdvbduhd2fxzmr2pewhy 6 14 northeast northeast JJ work_27j75zbdvbduhd2fxzmr2pewhy 6 15 region region NN work_27j75zbdvbduhd2fxzmr2pewhy 6 16 meeting meeting NN work_27j75zbdvbduhd2fxzmr2pewhy 6 17 , , , work_27j75zbdvbduhd2fxzmr2pewhy 6 18 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 6 19 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 6 20 2007 2007 CD work_27j75zbdvbduhd2fxzmr2pewhy 6 21 AAA AAA NNP work_27j75zbdvbduhd2fxzmr2pewhy 6 22 Chicago Chicago NNP work_27j75zbdvbduhd2fxzmr2pewhy 6 23 meeting meeting NN work_27j75zbdvbduhd2fxzmr2pewhy 6 24 . . . work_27j75zbdvbduhd2fxzmr2pewhy 7 1 I -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 7 2 sincerely sincerely RB work_27j75zbdvbduhd2fxzmr2pewhy 7 3 thank thank VBP work_27j75zbdvbduhd2fxzmr2pewhy 7 4 Rick Rick NNP work_27j75zbdvbduhd2fxzmr2pewhy 7 5 Antle Antle NNP work_27j75zbdvbduhd2fxzmr2pewhy 7 6 , , , work_27j75zbdvbduhd2fxzmr2pewhy 7 7 Paul Paul NNP work_27j75zbdvbduhd2fxzmr2pewhy 7 8 Fischer Fischer NNP work_27j75zbdvbduhd2fxzmr2pewhy 7 9 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 7 10 discussant discussant NN work_27j75zbdvbduhd2fxzmr2pewhy 7 11 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 7 12 , , , work_27j75zbdvbduhd2fxzmr2pewhy 7 13 John John NNP work_27j75zbdvbduhd2fxzmr2pewhy 7 14 Geanakoplos Geanakoplos NNP work_27j75zbdvbduhd2fxzmr2pewhy 7 15 , , , work_27j75zbdvbduhd2fxzmr2pewhy 7 16 Jonathan Jonathan NNP work_27j75zbdvbduhd2fxzmr2pewhy 7 17 Glover Glover NNP work_27j75zbdvbduhd2fxzmr2pewhy 7 18 , , , work_27j75zbdvbduhd2fxzmr2pewhy 7 19 Dong Dong NNP work_27j75zbdvbduhd2fxzmr2pewhy 7 20 Lou Lou NNP work_27j75zbdvbduhd2fxzmr2pewhy 7 21 , , , work_27j75zbdvbduhd2fxzmr2pewhy 7 22 Brian Brian NNP work_27j75zbdvbduhd2fxzmr2pewhy 7 23 Mittendorf Mittendorf NNP work_27j75zbdvbduhd2fxzmr2pewhy 7 24 , , , work_27j75zbdvbduhd2fxzmr2pewhy 7 25 Robert Robert NNP work_27j75zbdvbduhd2fxzmr2pewhy 7 26 Shiller Shiller NNP work_27j75zbdvbduhd2fxzmr2pewhy 7 27 , , , work_27j75zbdvbduhd2fxzmr2pewhy 7 28 Shyam Shyam NNP work_27j75zbdvbduhd2fxzmr2pewhy 7 29 Sunder Sunder NNP work_27j75zbdvbduhd2fxzmr2pewhy 7 30 , , , work_27j75zbdvbduhd2fxzmr2pewhy 7 31 Jacob Jacob NNP work_27j75zbdvbduhd2fxzmr2pewhy 7 32 Thomas Thomas NNP work_27j75zbdvbduhd2fxzmr2pewhy 7 33 , , , work_27j75zbdvbduhd2fxzmr2pewhy 7 34 Robert Robert NNP work_27j75zbdvbduhd2fxzmr2pewhy 7 35 E. E. NNP work_27j75zbdvbduhd2fxzmr2pewhy 7 36 Verrecchia Verrecchia NNP work_27j75zbdvbduhd2fxzmr2pewhy 7 37 , , , work_27j75zbdvbduhd2fxzmr2pewhy 7 38 Varda Varda NNP work_27j75zbdvbduhd2fxzmr2pewhy 7 39 Yaari Yaari NNP work_27j75zbdvbduhd2fxzmr2pewhy 7 40 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 7 41 discussant discussant NN work_27j75zbdvbduhd2fxzmr2pewhy 7 42 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 7 43 , , , work_27j75zbdvbduhd2fxzmr2pewhy 7 44 Hongjun Hongjun NNP work_27j75zbdvbduhd2fxzmr2pewhy 7 45 Yan Yan NNP work_27j75zbdvbduhd2fxzmr2pewhy 7 46 , , , work_27j75zbdvbduhd2fxzmr2pewhy 7 47 Frank Frank NNP work_27j75zbdvbduhd2fxzmr2pewhy 7 48 Zhang Zhang NNP work_27j75zbdvbduhd2fxzmr2pewhy 7 49 , , , work_27j75zbdvbduhd2fxzmr2pewhy 7 50 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 7 51 Yun Yun NNP work_27j75zbdvbduhd2fxzmr2pewhy 7 52 Zhang Zhang NNP work_27j75zbdvbduhd2fxzmr2pewhy 7 53 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 7 54 helpful helpful JJ work_27j75zbdvbduhd2fxzmr2pewhy 7 55 comments comment NNS work_27j75zbdvbduhd2fxzmr2pewhy 7 56 . . . work_27j75zbdvbduhd2fxzmr2pewhy 8 1 All all DT work_27j75zbdvbduhd2fxzmr2pewhy 8 2 errors error NNS work_27j75zbdvbduhd2fxzmr2pewhy 8 3 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 8 4 my -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 8 5 own own JJ work_27j75zbdvbduhd2fxzmr2pewhy 8 6 . . . work_27j75zbdvbduhd2fxzmr2pewhy 9 1 †Email †Email NNP work_27j75zbdvbduhd2fxzmr2pewhy 9 2 : : : work_27j75zbdvbduhd2fxzmr2pewhy 9 3 pingyang.gao@yale.edu pingyang.gao@yale.edu NN work_27j75zbdvbduhd2fxzmr2pewhy 9 4 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 9 5 Introduction introduction NN work_27j75zbdvbduhd2fxzmr2pewhy 9 6 I -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 9 7 investigate investigate VBP work_27j75zbdvbduhd2fxzmr2pewhy 9 8 how how WRB work_27j75zbdvbduhd2fxzmr2pewhy 9 9 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 9 10 quality quality NN work_27j75zbdvbduhd2fxzmr2pewhy 9 11 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 9 12 accounting account VBG work_27j75zbdvbduhd2fxzmr2pewhy 9 13 disclosure disclosure NN work_27j75zbdvbduhd2fxzmr2pewhy 9 14 influences influence VBZ work_27j75zbdvbduhd2fxzmr2pewhy 9 15 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 9 16 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 9 17 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 9 18 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 9 19 context context NN work_27j75zbdvbduhd2fxzmr2pewhy 9 20 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 9 21 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 9 22 markets market NNS work_27j75zbdvbduhd2fxzmr2pewhy 9 23 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 9 24 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 9 25 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 9 26 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 9 27 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 9 28 , , , work_27j75zbdvbduhd2fxzmr2pewhy 9 29 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 9 30 metaphor metaphor NN work_27j75zbdvbduhd2fxzmr2pewhy 9 31 first first RB work_27j75zbdvbduhd2fxzmr2pewhy 9 32 introduced introduce VBN work_27j75zbdvbduhd2fxzmr2pewhy 9 33 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 9 34 Keynes Keynes NNP work_27j75zbdvbduhd2fxzmr2pewhy 9 35 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 9 36 1936 1936 CD work_27j75zbdvbduhd2fxzmr2pewhy 9 37 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 9 38 . . . work_27j75zbdvbduhd2fxzmr2pewhy 10 1 At at IN work_27j75zbdvbduhd2fxzmr2pewhy 10 2 that that DT work_27j75zbdvbduhd2fxzmr2pewhy 10 3 time time NN work_27j75zbdvbduhd2fxzmr2pewhy 10 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 10 5 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 10 6 London London NNP work_27j75zbdvbduhd2fxzmr2pewhy 10 7 newspaper newspaper NN work_27j75zbdvbduhd2fxzmr2pewhy 10 8 was be VBD work_27j75zbdvbduhd2fxzmr2pewhy 10 9 running run VBG work_27j75zbdvbduhd2fxzmr2pewhy 10 10 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 10 11 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 10 12 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 10 13 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 10 14 which which WDT work_27j75zbdvbduhd2fxzmr2pewhy 10 15 readers reader NNS work_27j75zbdvbduhd2fxzmr2pewhy 10 16 were be VBD work_27j75zbdvbduhd2fxzmr2pewhy 10 17 asked ask VBN work_27j75zbdvbduhd2fxzmr2pewhy 10 18 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 10 19 select select VB work_27j75zbdvbduhd2fxzmr2pewhy 10 20 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 10 21 set set NN work_27j75zbdvbduhd2fxzmr2pewhy 10 22 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 10 23 six six CD work_27j75zbdvbduhd2fxzmr2pewhy 10 24 “ " `` work_27j75zbdvbduhd2fxzmr2pewhy 10 25 most most RBS work_27j75zbdvbduhd2fxzmr2pewhy 10 26 beautiful beautiful JJ work_27j75zbdvbduhd2fxzmr2pewhy 10 27 ” " '' work_27j75zbdvbduhd2fxzmr2pewhy 10 28 pictures picture NNS work_27j75zbdvbduhd2fxzmr2pewhy 10 29 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 10 30 100 100 CD work_27j75zbdvbduhd2fxzmr2pewhy 10 31 photographs photograph NNS work_27j75zbdvbduhd2fxzmr2pewhy 10 32 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 10 33 women woman NNS work_27j75zbdvbduhd2fxzmr2pewhy 10 34 . . . work_27j75zbdvbduhd2fxzmr2pewhy 11 1 Whoever whoever WP work_27j75zbdvbduhd2fxzmr2pewhy 11 2 picked pick VBD work_27j75zbdvbduhd2fxzmr2pewhy 11 3 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 11 4 most most RBS work_27j75zbdvbduhd2fxzmr2pewhy 11 5 popular popular JJ work_27j75zbdvbduhd2fxzmr2pewhy 11 6 pictures picture NNS work_27j75zbdvbduhd2fxzmr2pewhy 11 7 was be VBD work_27j75zbdvbduhd2fxzmr2pewhy 11 8 entitled entitle VBN work_27j75zbdvbduhd2fxzmr2pewhy 11 9 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 11 10 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 11 11 raffle raffle NN work_27j75zbdvbduhd2fxzmr2pewhy 11 12 prize prize NN work_27j75zbdvbduhd2fxzmr2pewhy 11 13 . . . work_27j75zbdvbduhd2fxzmr2pewhy 12 1 To to TO work_27j75zbdvbduhd2fxzmr2pewhy 12 2 win win VB work_27j75zbdvbduhd2fxzmr2pewhy 12 3 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 12 4 competition competition NN work_27j75zbdvbduhd2fxzmr2pewhy 12 5 , , , work_27j75zbdvbduhd2fxzmr2pewhy 12 6 players player NNS work_27j75zbdvbduhd2fxzmr2pewhy 12 7 should should MD work_27j75zbdvbduhd2fxzmr2pewhy 12 8 not not RB work_27j75zbdvbduhd2fxzmr2pewhy 12 9 naively naively RB work_27j75zbdvbduhd2fxzmr2pewhy 12 10 select select VB work_27j75zbdvbduhd2fxzmr2pewhy 12 11 six six CD work_27j75zbdvbduhd2fxzmr2pewhy 12 12 faces face NNS work_27j75zbdvbduhd2fxzmr2pewhy 12 13 they -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 12 14 believed believe VBD work_27j75zbdvbduhd2fxzmr2pewhy 12 15 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 12 16 most most RBS work_27j75zbdvbduhd2fxzmr2pewhy 12 17 beautiful beautiful JJ work_27j75zbdvbduhd2fxzmr2pewhy 12 18 ; ; : work_27j75zbdvbduhd2fxzmr2pewhy 12 19 instead instead RB work_27j75zbdvbduhd2fxzmr2pewhy 12 20 , , , work_27j75zbdvbduhd2fxzmr2pewhy 12 21 they -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 12 22 should should MD work_27j75zbdvbduhd2fxzmr2pewhy 12 23 use use VB work_27j75zbdvbduhd2fxzmr2pewhy 12 24 their -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 12 25 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 12 26 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 12 27 infer infer VB work_27j75zbdvbduhd2fxzmr2pewhy 12 28 which which WDT work_27j75zbdvbduhd2fxzmr2pewhy 12 29 faces face VBZ work_27j75zbdvbduhd2fxzmr2pewhy 12 30 other other JJ work_27j75zbdvbduhd2fxzmr2pewhy 12 31 players player NNS work_27j75zbdvbduhd2fxzmr2pewhy 12 32 would would MD work_27j75zbdvbduhd2fxzmr2pewhy 12 33 believe believe VB work_27j75zbdvbduhd2fxzmr2pewhy 12 34 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 12 35 prettiest prettiest NN work_27j75zbdvbduhd2fxzmr2pewhy 12 36 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 12 37 other other JJ work_27j75zbdvbduhd2fxzmr2pewhy 12 38 players player NNS work_27j75zbdvbduhd2fxzmr2pewhy 12 39 would would MD work_27j75zbdvbduhd2fxzmr2pewhy 12 40 believe believe VB work_27j75zbdvbduhd2fxzmr2pewhy 12 41 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 12 42 other other JJ work_27j75zbdvbduhd2fxzmr2pewhy 12 43 players player NNS work_27j75zbdvbduhd2fxzmr2pewhy 12 44 would would MD work_27j75zbdvbduhd2fxzmr2pewhy 12 45 believe believe VB work_27j75zbdvbduhd2fxzmr2pewhy 12 46 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 12 47 prettiest prettiest NN work_27j75zbdvbduhd2fxzmr2pewhy 12 48 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 12 49 so so RB work_27j75zbdvbduhd2fxzmr2pewhy 12 50 on on RB work_27j75zbdvbduhd2fxzmr2pewhy 12 51 . . . work_27j75zbdvbduhd2fxzmr2pewhy 13 1 Keynes Keynes NNP work_27j75zbdvbduhd2fxzmr2pewhy 13 2 observed observe VBD work_27j75zbdvbduhd2fxzmr2pewhy 13 3 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 13 4 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 13 5 markets market NNS work_27j75zbdvbduhd2fxzmr2pewhy 13 6 shared share VBD work_27j75zbdvbduhd2fxzmr2pewhy 13 7 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 13 8 essence essence NN work_27j75zbdvbduhd2fxzmr2pewhy 13 9 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 13 10 this this DT work_27j75zbdvbduhd2fxzmr2pewhy 13 11 competition competition NN work_27j75zbdvbduhd2fxzmr2pewhy 13 12 , , , work_27j75zbdvbduhd2fxzmr2pewhy 13 13 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 13 14 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 13 15 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 13 16 actions action NNS work_27j75zbdvbduhd2fxzmr2pewhy 13 17 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 13 18 many many JJ work_27j75zbdvbduhd2fxzmr2pewhy 13 19 rational rational JJ work_27j75zbdvbduhd2fxzmr2pewhy 13 20 but but CC work_27j75zbdvbduhd2fxzmr2pewhy 13 21 short short JJ work_27j75zbdvbduhd2fxzmr2pewhy 13 22 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 13 23 horizon horizon NN work_27j75zbdvbduhd2fxzmr2pewhy 13 24 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 13 25 were be VBD work_27j75zbdvbduhd2fxzmr2pewhy 13 26 similarly similarly RB work_27j75zbdvbduhd2fxzmr2pewhy 13 27 governed govern VBN work_27j75zbdvbduhd2fxzmr2pewhy 13 28 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 13 29 their -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 13 30 expectations expectation NNS work_27j75zbdvbduhd2fxzmr2pewhy 13 31 about about IN work_27j75zbdvbduhd2fxzmr2pewhy 13 32 what what WP work_27j75zbdvbduhd2fxzmr2pewhy 13 33 other other JJ work_27j75zbdvbduhd2fxzmr2pewhy 13 34 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 13 35 believed believe VBD work_27j75zbdvbduhd2fxzmr2pewhy 13 36 , , , work_27j75zbdvbduhd2fxzmr2pewhy 13 37 rather rather RB work_27j75zbdvbduhd2fxzmr2pewhy 13 38 than than IN work_27j75zbdvbduhd2fxzmr2pewhy 13 39 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 13 40 their -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 13 41 genuine genuine JJ work_27j75zbdvbduhd2fxzmr2pewhy 13 42 expectations expectation NNS work_27j75zbdvbduhd2fxzmr2pewhy 13 43 about about IN work_27j75zbdvbduhd2fxzmr2pewhy 13 44 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 13 45 true true JJ work_27j75zbdvbduhd2fxzmr2pewhy 13 46 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 13 47 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 13 48 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 13 49 firm firm NN work_27j75zbdvbduhd2fxzmr2pewhy 13 50 . . . work_27j75zbdvbduhd2fxzmr2pewhy 14 1 Allen Allen NNP work_27j75zbdvbduhd2fxzmr2pewhy 14 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 14 3 Morris Morris NNP work_27j75zbdvbduhd2fxzmr2pewhy 14 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 14 5 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 14 6 Shin Shin NNP work_27j75zbdvbduhd2fxzmr2pewhy 14 7 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 14 8 2006 2006 CD work_27j75zbdvbduhd2fxzmr2pewhy 14 9 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 14 10 rationalize rationalize VB work_27j75zbdvbduhd2fxzmr2pewhy 14 11 this this DT work_27j75zbdvbduhd2fxzmr2pewhy 14 12 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 14 13 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 14 14 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 14 15 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 14 16 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 14 17 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 14 18 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 14 19 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 14 20 consequence consequence NN work_27j75zbdvbduhd2fxzmr2pewhy 14 21 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 14 22 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 14 23 ’ ’ POS work_27j75zbdvbduhd2fxzmr2pewhy 14 24 short short JJ work_27j75zbdvbduhd2fxzmr2pewhy 14 25 horizons horizon NNS work_27j75zbdvbduhd2fxzmr2pewhy 14 26 . . . work_27j75zbdvbduhd2fxzmr2pewhy 15 1 Since since IN work_27j75zbdvbduhd2fxzmr2pewhy 15 2 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 15 3 short short JJ work_27j75zbdvbduhd2fxzmr2pewhy 15 4 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 15 5 horizon horizon NN work_27j75zbdvbduhd2fxzmr2pewhy 15 6 investor investor NN work_27j75zbdvbduhd2fxzmr2pewhy 15 7 exits exit VBZ work_27j75zbdvbduhd2fxzmr2pewhy 15 8 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 15 9 firm firm NN work_27j75zbdvbduhd2fxzmr2pewhy 15 10 before before IN work_27j75zbdvbduhd2fxzmr2pewhy 15 11 its -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 15 12 fundamental fundamental JJ work_27j75zbdvbduhd2fxzmr2pewhy 15 13 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 15 14 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 15 15 known know VBN work_27j75zbdvbduhd2fxzmr2pewhy 15 16 , , , work_27j75zbdvbduhd2fxzmr2pewhy 15 17 her -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 15 18 payoff payoff NN work_27j75zbdvbduhd2fxzmr2pewhy 15 19 depends depend VBZ work_27j75zbdvbduhd2fxzmr2pewhy 15 20 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 15 21 how how WRB work_27j75zbdvbduhd2fxzmr2pewhy 15 22 much much JJ work_27j75zbdvbduhd2fxzmr2pewhy 15 23 other other JJ work_27j75zbdvbduhd2fxzmr2pewhy 15 24 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 15 25 would would MD work_27j75zbdvbduhd2fxzmr2pewhy 15 26 like like VB work_27j75zbdvbduhd2fxzmr2pewhy 15 27 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 15 28 pay pay VB work_27j75zbdvbduhd2fxzmr2pewhy 15 29 , , , work_27j75zbdvbduhd2fxzmr2pewhy 15 30 rather rather RB work_27j75zbdvbduhd2fxzmr2pewhy 15 31 than than IN work_27j75zbdvbduhd2fxzmr2pewhy 15 32 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 15 33 how how WRB work_27j75zbdvbduhd2fxzmr2pewhy 15 34 much much JJ work_27j75zbdvbduhd2fxzmr2pewhy 15 35 she -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 15 36 expects expect VBZ work_27j75zbdvbduhd2fxzmr2pewhy 15 37 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 15 38 fundamental fundamental JJ work_27j75zbdvbduhd2fxzmr2pewhy 15 39 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 15 40 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 15 41 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 15 42 firm firm NN work_27j75zbdvbduhd2fxzmr2pewhy 15 43 will will MD work_27j75zbdvbduhd2fxzmr2pewhy 15 44 be be VB work_27j75zbdvbduhd2fxzmr2pewhy 15 45 . . . work_27j75zbdvbduhd2fxzmr2pewhy 16 1 Given give VBN work_27j75zbdvbduhd2fxzmr2pewhy 16 2 access access NN work_27j75zbdvbduhd2fxzmr2pewhy 16 3 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 16 4 both both CC work_27j75zbdvbduhd2fxzmr2pewhy 16 5 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 16 6 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 16 7 private private JJ work_27j75zbdvbduhd2fxzmr2pewhy 16 8 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 16 9 , , , work_27j75zbdvbduhd2fxzmr2pewhy 16 10 she -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 16 11 puts put VBZ work_27j75zbdvbduhd2fxzmr2pewhy 16 12 an an DT work_27j75zbdvbduhd2fxzmr2pewhy 16 13 extra extra JJ work_27j75zbdvbduhd2fxzmr2pewhy 16 14 weight weight NN work_27j75zbdvbduhd2fxzmr2pewhy 16 15 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 16 16 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 16 17 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 16 18 due due IN work_27j75zbdvbduhd2fxzmr2pewhy 16 19 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 16 20 its -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 16 21 dual dual JJ work_27j75zbdvbduhd2fxzmr2pewhy 16 22 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 16 23 . . . work_27j75zbdvbduhd2fxzmr2pewhy 17 1 Public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 17 2 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 17 3 plays play VBZ work_27j75zbdvbduhd2fxzmr2pewhy 17 4 an an DT work_27j75zbdvbduhd2fxzmr2pewhy 17 5 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 17 6 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 17 7 because because IN work_27j75zbdvbduhd2fxzmr2pewhy 17 8 it -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 17 9 conveys convey VBZ work_27j75zbdvbduhd2fxzmr2pewhy 17 10 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 17 11 about about IN work_27j75zbdvbduhd2fxzmr2pewhy 17 12 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 17 13 unknown unknown JJ work_27j75zbdvbduhd2fxzmr2pewhy 17 14 funda- funda- NN work_27j75zbdvbduhd2fxzmr2pewhy 17 15 mental mental JJ work_27j75zbdvbduhd2fxzmr2pewhy 17 16 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 17 17 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 17 18 hereafter hereafter RB work_27j75zbdvbduhd2fxzmr2pewhy 17 19 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 17 20 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 17 21 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 17 22 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 17 23 ; ; : work_27j75zbdvbduhd2fxzmr2pewhy 17 24 meanwhile meanwhile RB work_27j75zbdvbduhd2fxzmr2pewhy 17 25 , , , work_27j75zbdvbduhd2fxzmr2pewhy 17 26 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 17 27 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 17 28 plays play VBZ work_27j75zbdvbduhd2fxzmr2pewhy 17 29 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 17 30 commonality commonality NN work_27j75zbdvbduhd2fxzmr2pewhy 17 31 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 17 32 because because IN work_27j75zbdvbduhd2fxzmr2pewhy 17 33 it -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 17 34 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 17 35 common common JJ work_27j75zbdvbduhd2fxzmr2pewhy 17 36 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 17 37 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 17 38 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 17 39 sets set NNS work_27j75zbdvbduhd2fxzmr2pewhy 17 40 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 17 41 demand demand VBP work_27j75zbdvbduhd2fxzmr2pewhy 17 42 functions function NNS work_27j75zbdvbduhd2fxzmr2pewhy 17 43 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 17 44 all all DT work_27j75zbdvbduhd2fxzmr2pewhy 17 45 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 17 46 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 17 47 hereafter hereafter RB work_27j75zbdvbduhd2fxzmr2pewhy 17 48 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 17 49 commonality commonality NN work_27j75zbdvbduhd2fxzmr2pewhy 17 50 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 17 51 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 17 52 . . . work_27j75zbdvbduhd2fxzmr2pewhy 18 1 Although although IN work_27j75zbdvbduhd2fxzmr2pewhy 18 2 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 18 3 noise noise NN work_27j75zbdvbduhd2fxzmr2pewhy 18 4 terms term VBZ work_27j75zbdvbduhd2fxzmr2pewhy 18 5 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 18 6 both both CC work_27j75zbdvbduhd2fxzmr2pewhy 18 7 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 18 8 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 18 9 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 18 10 private private JJ work_27j75zbdvbduhd2fxzmr2pewhy 18 11 signals signal NNS work_27j75zbdvbduhd2fxzmr2pewhy 18 12 enter enter VBP work_27j75zbdvbduhd2fxzmr2pewhy 18 13 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 18 14 individual individual JJ work_27j75zbdvbduhd2fxzmr2pewhy 18 15 demands demand NNS work_27j75zbdvbduhd2fxzmr2pewhy 18 16 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 18 17 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 18 18 , , , work_27j75zbdvbduhd2fxzmr2pewhy 18 19 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 18 20 independent independent JJ work_27j75zbdvbduhd2fxzmr2pewhy 18 21 noise noise NN work_27j75zbdvbduhd2fxzmr2pewhy 18 22 terms term NNS work_27j75zbdvbduhd2fxzmr2pewhy 18 23 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 18 24 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 18 25 private private JJ work_27j75zbdvbduhd2fxzmr2pewhy 18 26 signals signal NNS work_27j75zbdvbduhd2fxzmr2pewhy 18 27 cancel cancel VB work_27j75zbdvbduhd2fxzmr2pewhy 18 28 out out RP work_27j75zbdvbduhd2fxzmr2pewhy 18 29 when when WRB work_27j75zbdvbduhd2fxzmr2pewhy 18 30 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 18 31 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 18 32 individual individual JJ work_27j75zbdvbduhd2fxzmr2pewhy 18 33 demands demand NNS work_27j75zbdvbduhd2fxzmr2pewhy 18 34 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 18 35 aggregated aggregate VBN work_27j75zbdvbduhd2fxzmr2pewhy 18 36 . . . work_27j75zbdvbduhd2fxzmr2pewhy 19 1 But but CC work_27j75zbdvbduhd2fxzmr2pewhy 19 2 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 19 3 noise noise NN work_27j75zbdvbduhd2fxzmr2pewhy 19 4 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 19 5 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 19 6 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 19 7 signal signal NN work_27j75zbdvbduhd2fxzmr2pewhy 19 8 remains remain VBZ work_27j75zbdvbduhd2fxzmr2pewhy 19 9 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 19 10 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 19 11 aggregate aggregate JJ work_27j75zbdvbduhd2fxzmr2pewhy 19 12 demand demand NN work_27j75zbdvbduhd2fxzmr2pewhy 19 13 because because IN work_27j75zbdvbduhd2fxzmr2pewhy 19 14 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 19 15 individual individual JJ work_27j75zbdvbduhd2fxzmr2pewhy 19 16 demands demand NNS work_27j75zbdvbduhd2fxzmr2pewhy 19 17 share share VBP work_27j75zbdvbduhd2fxzmr2pewhy 19 18 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 19 19 same same JJ work_27j75zbdvbduhd2fxzmr2pewhy 19 20 noise noise NN work_27j75zbdvbduhd2fxzmr2pewhy 19 21 term term NN work_27j75zbdvbduhd2fxzmr2pewhy 19 22 . . . work_27j75zbdvbduhd2fxzmr2pewhy 20 1 As as IN work_27j75zbdvbduhd2fxzmr2pewhy 20 2 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 20 3 result result NN work_27j75zbdvbduhd2fxzmr2pewhy 20 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 20 5 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 20 6 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 20 7 signal signal NN work_27j75zbdvbduhd2fxzmr2pewhy 20 8 influences influence VBZ work_27j75zbdvbduhd2fxzmr2pewhy 20 9 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 20 10 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 20 11 above above RB work_27j75zbdvbduhd2fxzmr2pewhy 20 12 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 20 13 beyond beyond IN work_27j75zbdvbduhd2fxzmr2pewhy 20 14 its -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 20 15 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 20 16 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 20 17 . . . work_27j75zbdvbduhd2fxzmr2pewhy 21 1 This this DT work_27j75zbdvbduhd2fxzmr2pewhy 21 2 additional additional JJ work_27j75zbdvbduhd2fxzmr2pewhy 21 3 commonality commonality NN work_27j75zbdvbduhd2fxzmr2pewhy 21 4 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 21 5 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 21 6 pubic pubic JJ work_27j75zbdvbduhd2fxzmr2pewhy 21 7 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 21 8 biases bias NNS work_27j75zbdvbduhd2fxzmr2pewhy 21 9 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 21 10 prices price NNS work_27j75zbdvbduhd2fxzmr2pewhy 21 11 away away RB work_27j75zbdvbduhd2fxzmr2pewhy 21 12 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 21 13 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 21 14 consensus consensus NN work_27j75zbdvbduhd2fxzmr2pewhy 21 15 fundamental fundamental JJ work_27j75zbdvbduhd2fxzmr2pewhy 21 16 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 21 17 toward toward IN work_27j75zbdvbduhd2fxzmr2pewhy 21 18 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 21 19 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 21 20 . . . work_27j75zbdvbduhd2fxzmr2pewhy 22 1 Having have VBG work_27j75zbdvbduhd2fxzmr2pewhy 22 2 qualitatively qualitatively RB work_27j75zbdvbduhd2fxzmr2pewhy 22 3 formalized formalize VBN work_27j75zbdvbduhd2fxzmr2pewhy 22 4 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 22 5 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 22 6 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 22 7 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 22 8 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 22 9 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 22 10 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 22 11 , , , work_27j75zbdvbduhd2fxzmr2pewhy 22 12 Allen Allen NNP work_27j75zbdvbduhd2fxzmr2pewhy 22 13 , , , work_27j75zbdvbduhd2fxzmr2pewhy 22 14 Morris Morris NNP work_27j75zbdvbduhd2fxzmr2pewhy 22 15 , , , work_27j75zbdvbduhd2fxzmr2pewhy 22 16 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 22 17 Shin Shin NNP work_27j75zbdvbduhd2fxzmr2pewhy 22 18 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 22 19 2006 2006 CD work_27j75zbdvbduhd2fxzmr2pewhy 22 20 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 22 21 also also RB work_27j75zbdvbduhd2fxzmr2pewhy 22 22 leave leave VBP work_27j75zbdvbduhd2fxzmr2pewhy 22 23 many many JJ work_27j75zbdvbduhd2fxzmr2pewhy 22 24 questions question NNS work_27j75zbdvbduhd2fxzmr2pewhy 22 25 open open JJ work_27j75zbdvbduhd2fxzmr2pewhy 22 26 , , , work_27j75zbdvbduhd2fxzmr2pewhy 22 27 one one CD work_27j75zbdvbduhd2fxzmr2pewhy 22 28 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 22 29 which which WDT work_27j75zbdvbduhd2fxzmr2pewhy 22 30 concerns concern VBZ work_27j75zbdvbduhd2fxzmr2pewhy 22 31 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 22 32 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 22 33 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 22 34 consequences consequence NNS work_27j75zbdvbduhd2fxzmr2pewhy 22 35 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 22 36 disseminating disseminate VBG work_27j75zbdvbduhd2fxzmr2pewhy 22 37 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 22 38 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 22 39 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 22 40 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 22 41 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 22 42 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 22 43 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 22 44 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 22 45 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 22 46 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 22 47 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 22 48 . . . work_27j75zbdvbduhd2fxzmr2pewhy 23 1 How how WRB work_27j75zbdvbduhd2fxzmr2pewhy 23 2 does do VBZ work_27j75zbdvbduhd2fxzmr2pewhy 23 3 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 23 4 quality quality NN work_27j75zbdvbduhd2fxzmr2pewhy 23 5 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 23 6 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 23 7 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 23 8 affect affect NN work_27j75zbdvbduhd2fxzmr2pewhy 23 9 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 23 10 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 23 11 ? ? . work_27j75zbdvbduhd2fxzmr2pewhy 24 1 How how WRB work_27j75zbdvbduhd2fxzmr2pewhy 24 2 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 24 3 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 24 4 intensity intensity NN work_27j75zbdvbduhd2fxzmr2pewhy 24 5 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 24 6 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 24 7 dual dual JJ work_27j75zbdvbduhd2fxzmr2pewhy 24 8 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 24 9 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 24 10 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 24 11 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 24 12 related relate VBN work_27j75zbdvbduhd2fxzmr2pewhy 24 13 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 24 14 its -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 24 15 quality quality NN work_27j75zbdvbduhd2fxzmr2pewhy 24 16 ? ? . work_27j75zbdvbduhd2fxzmr2pewhy 25 1 Could Could MD work_27j75zbdvbduhd2fxzmr2pewhy 25 2 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 25 3 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 25 4 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 25 5 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 25 6 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 25 7 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 25 8 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 25 9 justify justify VB work_27j75zbdvbduhd2fxzmr2pewhy 25 10 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 25 11 withdrawal withdrawal NN work_27j75zbdvbduhd2fxzmr2pewhy 25 12 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 25 13 some some DT work_27j75zbdvbduhd2fxzmr2pewhy 25 14 noisy noisy JJ work_27j75zbdvbduhd2fxzmr2pewhy 25 15 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 25 16 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 25 17 ? ? . work_27j75zbdvbduhd2fxzmr2pewhy 26 1 These these DT work_27j75zbdvbduhd2fxzmr2pewhy 26 2 questions question NNS work_27j75zbdvbduhd2fxzmr2pewhy 26 3 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 26 4 important important JJ work_27j75zbdvbduhd2fxzmr2pewhy 26 5 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 26 6 accounting accounting NN work_27j75zbdvbduhd2fxzmr2pewhy 26 7 researchers researcher NNS work_27j75zbdvbduhd2fxzmr2pewhy 26 8 . . . work_27j75zbdvbduhd2fxzmr2pewhy 27 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 27 2 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 27 3 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 27 4 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 27 5 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 27 6 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 27 7 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 27 8 provides provide VBZ work_27j75zbdvbduhd2fxzmr2pewhy 27 9 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 27 10 new new JJ work_27j75zbdvbduhd2fxzmr2pewhy 27 11 perspective perspective NN work_27j75zbdvbduhd2fxzmr2pewhy 27 12 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 27 13 understanding understand VBG work_27j75zbdvbduhd2fxzmr2pewhy 27 14 accounting accounting NN work_27j75zbdvbduhd2fxzmr2pewhy 27 15 disclosure disclosure NN work_27j75zbdvbduhd2fxzmr2pewhy 27 16 . . . work_27j75zbdvbduhd2fxzmr2pewhy 28 1 Accounting accounting NN work_27j75zbdvbduhd2fxzmr2pewhy 28 2 disclosure disclosure NN work_27j75zbdvbduhd2fxzmr2pewhy 28 3 , , , work_27j75zbdvbduhd2fxzmr2pewhy 28 4 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 28 5 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 28 6 main main JJ work_27j75zbdvbduhd2fxzmr2pewhy 28 7 source source NN work_27j75zbdvbduhd2fxzmr2pewhy 28 8 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 28 9 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 28 10 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 28 11 , , , work_27j75zbdvbduhd2fxzmr2pewhy 28 12 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 28 13 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 28 14 unique unique JJ work_27j75zbdvbduhd2fxzmr2pewhy 28 15 feature feature NN work_27j75zbdvbduhd2fxzmr2pewhy 28 16 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 28 17 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 28 18 firms firm NNS work_27j75zbdvbduhd2fxzmr2pewhy 28 19 characterized characterize VBN work_27j75zbdvbduhd2fxzmr2pewhy 28 20 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 28 21 dispersed dispersed JJ work_27j75zbdvbduhd2fxzmr2pewhy 28 22 ownership ownership NN work_27j75zbdvbduhd2fxzmr2pewhy 28 23 . . . work_27j75zbdvbduhd2fxzmr2pewhy 29 1 Understanding understanding NN work_27j75zbdvbduhd2fxzmr2pewhy 29 2 accounting accounting NN work_27j75zbdvbduhd2fxzmr2pewhy 29 3 disclosure disclosure NN work_27j75zbdvbduhd2fxzmr2pewhy 29 4 entails entail NNS work_27j75zbdvbduhd2fxzmr2pewhy 29 5 examining examine VBG work_27j75zbdvbduhd2fxzmr2pewhy 29 6 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 29 7 consequences consequence NNS work_27j75zbdvbduhd2fxzmr2pewhy 29 8 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 29 9 dispersed disperse VBN work_27j75zbdvbduhd2fxzmr2pewhy 29 10 ownership ownership NN work_27j75zbdvbduhd2fxzmr2pewhy 29 11 , , , work_27j75zbdvbduhd2fxzmr2pewhy 29 12 among among IN work_27j75zbdvbduhd2fxzmr2pewhy 29 13 which which WDT work_27j75zbdvbduhd2fxzmr2pewhy 29 14 agency agency NN work_27j75zbdvbduhd2fxzmr2pewhy 29 15 problems problem NNS work_27j75zbdvbduhd2fxzmr2pewhy 29 16 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 29 17 differential differential NN work_27j75zbdvbduhd2fxzmr2pewhy 29 18 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 29 19 have have VBP work_27j75zbdvbduhd2fxzmr2pewhy 29 20 been be VBN work_27j75zbdvbduhd2fxzmr2pewhy 29 21 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 29 22 best well RBS work_27j75zbdvbduhd2fxzmr2pewhy 29 23 known know VBN work_27j75zbdvbduhd2fxzmr2pewhy 29 24 . . . work_27j75zbdvbduhd2fxzmr2pewhy 30 1 However however RB work_27j75zbdvbduhd2fxzmr2pewhy 30 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 30 3 dispersed dispersed JJ work_27j75zbdvbduhd2fxzmr2pewhy 30 4 ownership ownership NN work_27j75zbdvbduhd2fxzmr2pewhy 30 5 has have VBZ work_27j75zbdvbduhd2fxzmr2pewhy 30 6 other other JJ work_27j75zbdvbduhd2fxzmr2pewhy 30 7 consequences consequence NNS work_27j75zbdvbduhd2fxzmr2pewhy 30 8 that that WDT work_27j75zbdvbduhd2fxzmr2pewhy 30 9 have have VBP work_27j75zbdvbduhd2fxzmr2pewhy 30 10 profound profound JJ work_27j75zbdvbduhd2fxzmr2pewhy 30 11 impact impact NN work_27j75zbdvbduhd2fxzmr2pewhy 30 12 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 30 13 disclosure disclosure NN work_27j75zbdvbduhd2fxzmr2pewhy 30 14 practice practice NN work_27j75zbdvbduhd2fxzmr2pewhy 30 15 but but CC work_27j75zbdvbduhd2fxzmr2pewhy 30 16 have have VBP work_27j75zbdvbduhd2fxzmr2pewhy 30 17 not not RB work_27j75zbdvbduhd2fxzmr2pewhy 30 18 received receive VBN work_27j75zbdvbduhd2fxzmr2pewhy 30 19 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 30 20 attention attention NN work_27j75zbdvbduhd2fxzmr2pewhy 30 21 they -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 30 22 deserve deserve VBP work_27j75zbdvbduhd2fxzmr2pewhy 30 23 . . . work_27j75zbdvbduhd2fxzmr2pewhy 31 1 One one CD work_27j75zbdvbduhd2fxzmr2pewhy 31 2 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 31 3 such such JJ work_27j75zbdvbduhd2fxzmr2pewhy 31 4 examples example NNS work_27j75zbdvbduhd2fxzmr2pewhy 31 5 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 31 6 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 31 7 Keynesian- Keynesian- NNP work_27j75zbdvbduhd2fxzmr2pewhy 31 8 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 31 9 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 31 10 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 31 11 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 31 12 . . . work_27j75zbdvbduhd2fxzmr2pewhy 32 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 32 2 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 32 3 results result VBZ work_27j75zbdvbduhd2fxzmr2pewhy 32 4 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 32 5 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 32 6 ’ ’ POS work_27j75zbdvbduhd2fxzmr2pewhy 32 7 short short JJ work_27j75zbdvbduhd2fxzmr2pewhy 32 8 horizons horizon NNS work_27j75zbdvbduhd2fxzmr2pewhy 32 9 , , , work_27j75zbdvbduhd2fxzmr2pewhy 32 10 which which WDT work_27j75zbdvbduhd2fxzmr2pewhy 32 11 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 32 12 turn turn NN work_27j75zbdvbduhd2fxzmr2pewhy 32 13 arise arise RB work_27j75zbdvbduhd2fxzmr2pewhy 32 14 because because IN work_27j75zbdvbduhd2fxzmr2pewhy 32 15 dispersed dispersed JJ work_27j75zbdvbduhd2fxzmr2pewhy 32 16 ownership ownership NN work_27j75zbdvbduhd2fxzmr2pewhy 32 17 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 32 18 modern modern JJ work_27j75zbdvbduhd2fxzmr2pewhy 32 19 corporations corporation NNS work_27j75zbdvbduhd2fxzmr2pewhy 32 20 decouples decouple VBZ work_27j75zbdvbduhd2fxzmr2pewhy 32 21 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 32 22 life life NN work_27j75zbdvbduhd2fxzmr2pewhy 32 23 span span NN work_27j75zbdvbduhd2fxzmr2pewhy 32 24 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 32 25 entrepreneurs entrepreneur NNS work_27j75zbdvbduhd2fxzmr2pewhy 32 26 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 32 27 owners owner NNS work_27j75zbdvbduhd2fxzmr2pewhy 32 28 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 32 29 that that DT work_27j75zbdvbduhd2fxzmr2pewhy 32 30 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 32 31 their -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 32 32 firms firm NNS work_27j75zbdvbduhd2fxzmr2pewhy 32 33 . . . work_27j75zbdvbduhd2fxzmr2pewhy 33 1 In in IN work_27j75zbdvbduhd2fxzmr2pewhy 33 2 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 33 3 absence absence NN work_27j75zbdvbduhd2fxzmr2pewhy 33 4 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 33 5 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 33 6 formal formal JJ work_27j75zbdvbduhd2fxzmr2pewhy 33 7 rational rational JJ work_27j75zbdvbduhd2fxzmr2pewhy 33 8 interpretation interpretation NN work_27j75zbdvbduhd2fxzmr2pewhy 33 9 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 33 10 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 33 11 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 33 12 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 33 13 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 33 14 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 33 15 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 33 16 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 33 17 , , , work_27j75zbdvbduhd2fxzmr2pewhy 33 18 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 33 19 extra extra JJ work_27j75zbdvbduhd2fxzmr2pewhy 33 20 weight weight NN work_27j75zbdvbduhd2fxzmr2pewhy 33 21 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 33 22 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 33 23 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 33 24 may may MD work_27j75zbdvbduhd2fxzmr2pewhy 33 25 induce induce VB work_27j75zbdvbduhd2fxzmr2pewhy 33 26 people people NNS work_27j75zbdvbduhd2fxzmr2pewhy 33 27 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 33 28 speculate speculate VB work_27j75zbdvbduhd2fxzmr2pewhy 33 29 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 33 30 transparency transparency NN work_27j75zbdvbduhd2fxzmr2pewhy 33 31 should should MD work_27j75zbdvbduhd2fxzmr2pewhy 33 32 be be VB work_27j75zbdvbduhd2fxzmr2pewhy 33 33 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 33 34 curtailed curtail VBN work_27j75zbdvbduhd2fxzmr2pewhy 33 35 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 33 36 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 33 37 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 33 38 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 33 39 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 33 40 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 33 41 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 33 42 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 33 43 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 33 44 . . . work_27j75zbdvbduhd2fxzmr2pewhy 34 1 As as IN work_27j75zbdvbduhd2fxzmr2pewhy 34 2 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 34 3 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 34 4 becomes become VBZ work_27j75zbdvbduhd2fxzmr2pewhy 34 5 noisy noisy JJ work_27j75zbdvbduhd2fxzmr2pewhy 34 6 , , , work_27j75zbdvbduhd2fxzmr2pewhy 34 7 its -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 34 8 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 34 9 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 34 10 becomes become VBZ work_27j75zbdvbduhd2fxzmr2pewhy 34 11 tenuous tenuous JJ work_27j75zbdvbduhd2fxzmr2pewhy 34 12 . . . work_27j75zbdvbduhd2fxzmr2pewhy 35 1 If if IN work_27j75zbdvbduhd2fxzmr2pewhy 35 2 its -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 35 3 commonality commonality NN work_27j75zbdvbduhd2fxzmr2pewhy 35 4 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 35 5 increases increase NNS work_27j75zbdvbduhd2fxzmr2pewhy 35 6 or or CC work_27j75zbdvbduhd2fxzmr2pewhy 35 7 at at IN work_27j75zbdvbduhd2fxzmr2pewhy 35 8 least least JJS work_27j75zbdvbduhd2fxzmr2pewhy 35 9 does do VBZ work_27j75zbdvbduhd2fxzmr2pewhy 35 10 not not RB work_27j75zbdvbduhd2fxzmr2pewhy 35 11 decrease decrease VB work_27j75zbdvbduhd2fxzmr2pewhy 35 12 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 35 13 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 35 14 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 35 15 becomes become VBZ work_27j75zbdvbduhd2fxzmr2pewhy 35 16 less less RBR work_27j75zbdvbduhd2fxzmr2pewhy 35 17 precise precise JJ work_27j75zbdvbduhd2fxzmr2pewhy 35 18 , , , work_27j75zbdvbduhd2fxzmr2pewhy 35 19 there there EX work_27j75zbdvbduhd2fxzmr2pewhy 35 20 could could MD work_27j75zbdvbduhd2fxzmr2pewhy 35 21 exist exist VB work_27j75zbdvbduhd2fxzmr2pewhy 35 22 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 35 23 threshold threshold NN work_27j75zbdvbduhd2fxzmr2pewhy 35 24 precision precision NN work_27j75zbdvbduhd2fxzmr2pewhy 35 25 under under IN work_27j75zbdvbduhd2fxzmr2pewhy 35 26 which which WDT work_27j75zbdvbduhd2fxzmr2pewhy 35 27 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 35 28 diminishing diminish VBG work_27j75zbdvbduhd2fxzmr2pewhy 35 29 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 35 30 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 35 31 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 35 32 dominated dominate VBN work_27j75zbdvbduhd2fxzmr2pewhy 35 33 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 35 34 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 35 35 non non JJ work_27j75zbdvbduhd2fxzmr2pewhy 35 36 - - JJ work_27j75zbdvbduhd2fxzmr2pewhy 35 37 decreasing decreasing JJ work_27j75zbdvbduhd2fxzmr2pewhy 35 38 commonality commonality NN work_27j75zbdvbduhd2fxzmr2pewhy 35 39 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 35 40 . . . work_27j75zbdvbduhd2fxzmr2pewhy 36 1 This this DT work_27j75zbdvbduhd2fxzmr2pewhy 36 2 kind kind NN work_27j75zbdvbduhd2fxzmr2pewhy 36 3 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 36 4 conventional conventional JJ work_27j75zbdvbduhd2fxzmr2pewhy 36 5 wisdom wisdom NN work_27j75zbdvbduhd2fxzmr2pewhy 36 6 could could MD work_27j75zbdvbduhd2fxzmr2pewhy 36 7 have have VB work_27j75zbdvbduhd2fxzmr2pewhy 36 8 immediate immediate JJ work_27j75zbdvbduhd2fxzmr2pewhy 36 9 prescriptive prescriptive JJ work_27j75zbdvbduhd2fxzmr2pewhy 36 10 implications implication NNS work_27j75zbdvbduhd2fxzmr2pewhy 36 11 . . . work_27j75zbdvbduhd2fxzmr2pewhy 37 1 This this DT work_27j75zbdvbduhd2fxzmr2pewhy 37 2 paper paper NN work_27j75zbdvbduhd2fxzmr2pewhy 37 3 formally formally RB work_27j75zbdvbduhd2fxzmr2pewhy 37 4 evaluates evaluate VBZ work_27j75zbdvbduhd2fxzmr2pewhy 37 5 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 37 6 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 37 7 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 37 8 consequences consequence NNS work_27j75zbdvbduhd2fxzmr2pewhy 37 9 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 37 10 disseminating disseminate VBG work_27j75zbdvbduhd2fxzmr2pewhy 37 11 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 37 12 in- in- JJ work_27j75zbdvbduhd2fxzmr2pewhy 37 13 formation formation NN work_27j75zbdvbduhd2fxzmr2pewhy 37 14 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 37 15 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 37 16 rational rational JJ work_27j75zbdvbduhd2fxzmr2pewhy 37 17 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 37 18 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 37 19 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 37 20 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 37 21 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 37 22 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 37 23 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 37 24 . . . work_27j75zbdvbduhd2fxzmr2pewhy 38 1 Built build VBN work_27j75zbdvbduhd2fxzmr2pewhy 38 2 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 38 3 Allen Allen NNP work_27j75zbdvbduhd2fxzmr2pewhy 38 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 38 5 Morris Morris NNP work_27j75zbdvbduhd2fxzmr2pewhy 38 6 , , , work_27j75zbdvbduhd2fxzmr2pewhy 38 7 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 38 8 Shin Shin NNP work_27j75zbdvbduhd2fxzmr2pewhy 38 9 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 38 10 2006 2006 CD work_27j75zbdvbduhd2fxzmr2pewhy 38 11 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 38 12 , , , work_27j75zbdvbduhd2fxzmr2pewhy 38 13 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 38 14 paper paper NN work_27j75zbdvbduhd2fxzmr2pewhy 38 15 solves solve VBZ work_27j75zbdvbduhd2fxzmr2pewhy 38 16 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 38 17 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 38 18 closed closed JJ work_27j75zbdvbduhd2fxzmr2pewhy 38 19 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 38 20 form form NN work_27j75zbdvbduhd2fxzmr2pewhy 38 21 equilibrium equilibrium NN work_27j75zbdvbduhd2fxzmr2pewhy 38 22 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 38 23 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 38 24 two two CD work_27j75zbdvbduhd2fxzmr2pewhy 38 25 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 38 26 trading trading NN work_27j75zbdvbduhd2fxzmr2pewhy 38 27 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 38 28 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 38 29 noisy noisy NNP work_27j75zbdvbduhd2fxzmr2pewhy 38 30 rational rational NNP work_27j75zbdvbduhd2fxzmr2pewhy 38 31 ex- ex- NNP work_27j75zbdvbduhd2fxzmr2pewhy 38 32 pectations pectation NNS work_27j75zbdvbduhd2fxzmr2pewhy 38 33 model model NN work_27j75zbdvbduhd2fxzmr2pewhy 38 34 . . . work_27j75zbdvbduhd2fxzmr2pewhy 39 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 39 2 comparative comparative JJ work_27j75zbdvbduhd2fxzmr2pewhy 39 3 statics static NNS work_27j75zbdvbduhd2fxzmr2pewhy 39 4 then then RB work_27j75zbdvbduhd2fxzmr2pewhy 39 5 show show VBP work_27j75zbdvbduhd2fxzmr2pewhy 39 6 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 39 7 more more JJR work_27j75zbdvbduhd2fxzmr2pewhy 39 8 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 39 9 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 39 10 always always RB work_27j75zbdvbduhd2fxzmr2pewhy 39 11 drives drive VBZ work_27j75zbdvbduhd2fxzmr2pewhy 39 12 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 39 13 prices price NNS work_27j75zbdvbduhd2fxzmr2pewhy 39 14 closer close RBR work_27j75zbdvbduhd2fxzmr2pewhy 39 15 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 39 16 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 39 17 fundamental fundamental JJ work_27j75zbdvbduhd2fxzmr2pewhy 39 18 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 39 19 , , , work_27j75zbdvbduhd2fxzmr2pewhy 39 20 even even RB work_27j75zbdvbduhd2fxzmr2pewhy 39 21 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 39 22 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 39 23 presence presence NN work_27j75zbdvbduhd2fxzmr2pewhy 39 24 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 39 25 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 39 26 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 39 27 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 39 28 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 39 29 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 39 30 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 39 31 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 39 32 . . . work_27j75zbdvbduhd2fxzmr2pewhy 40 1 Therefore therefore RB work_27j75zbdvbduhd2fxzmr2pewhy 40 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 40 3 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 40 4 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 40 5 rational rational JJ work_27j75zbdvbduhd2fxzmr2pewhy 40 6 competitive competitive JJ work_27j75zbdvbduhd2fxzmr2pewhy 40 7 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 40 8 , , , work_27j75zbdvbduhd2fxzmr2pewhy 40 9 provisions provision NNS work_27j75zbdvbduhd2fxzmr2pewhy 40 10 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 40 11 more more JJR work_27j75zbdvbduhd2fxzmr2pewhy 40 12 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 40 13 better well RBR work_27j75zbdvbduhd2fxzmr2pewhy 40 14 accounting accounting NN work_27j75zbdvbduhd2fxzmr2pewhy 40 15 dis- dis- IN work_27j75zbdvbduhd2fxzmr2pewhy 40 16 closure closure NN work_27j75zbdvbduhd2fxzmr2pewhy 40 17 boost boost VBP work_27j75zbdvbduhd2fxzmr2pewhy 40 18 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 40 19 overall overall JJ work_27j75zbdvbduhd2fxzmr2pewhy 40 20 informativeness informativeness NN work_27j75zbdvbduhd2fxzmr2pewhy 40 21 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 40 22 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 40 23 prices price NNS work_27j75zbdvbduhd2fxzmr2pewhy 40 24 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 40 25 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 40 26 participants participant NNS work_27j75zbdvbduhd2fxzmr2pewhy 40 27 , , , work_27j75zbdvbduhd2fxzmr2pewhy 40 28 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 40 29 transparency transparency NN work_27j75zbdvbduhd2fxzmr2pewhy 40 30 should should MD work_27j75zbdvbduhd2fxzmr2pewhy 40 31 not not RB work_27j75zbdvbduhd2fxzmr2pewhy 40 32 be be VB work_27j75zbdvbduhd2fxzmr2pewhy 40 33 compromised compromise VBN work_27j75zbdvbduhd2fxzmr2pewhy 40 34 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 40 35 grounds ground NNS work_27j75zbdvbduhd2fxzmr2pewhy 40 36 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 40 37 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 40 38 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 40 39 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 40 40 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 40 41 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 40 42 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 40 43 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 40 44 . . . work_27j75zbdvbduhd2fxzmr2pewhy 41 1 Prohibition prohibition NN work_27j75zbdvbduhd2fxzmr2pewhy 41 2 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 41 3 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 41 4 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 41 5 , , , work_27j75zbdvbduhd2fxzmr2pewhy 41 6 however however RB work_27j75zbdvbduhd2fxzmr2pewhy 41 7 noisy noisy JJ work_27j75zbdvbduhd2fxzmr2pewhy 41 8 it -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 41 9 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 41 10 , , , work_27j75zbdvbduhd2fxzmr2pewhy 41 11 amounts amount VBZ work_27j75zbdvbduhd2fxzmr2pewhy 41 12 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 41 13 “ " `` work_27j75zbdvbduhd2fxzmr2pewhy 41 14 throwing throw VBG work_27j75zbdvbduhd2fxzmr2pewhy 41 15 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 41 16 baby baby NN work_27j75zbdvbduhd2fxzmr2pewhy 41 17 out out RP work_27j75zbdvbduhd2fxzmr2pewhy 41 18 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 41 19 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 41 20 bathwater bathwater NN work_27j75zbdvbduhd2fxzmr2pewhy 41 21 ” " '' work_27j75zbdvbduhd2fxzmr2pewhy 41 22 . . . work_27j75zbdvbduhd2fxzmr2pewhy 42 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 42 2 rationale rationale NN work_27j75zbdvbduhd2fxzmr2pewhy 42 3 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 42 4 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 42 5 positive positive JJ work_27j75zbdvbduhd2fxzmr2pewhy 42 6 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 42 7 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 42 8 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 42 9 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 42 10 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 42 11 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 42 12 lies lie VBZ work_27j75zbdvbduhd2fxzmr2pewhy 42 13 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 42 14 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 42 15 endogenous endogenous JJ work_27j75zbdvbduhd2fxzmr2pewhy 42 16 link link NN work_27j75zbdvbduhd2fxzmr2pewhy 42 17 between between IN work_27j75zbdvbduhd2fxzmr2pewhy 42 18 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 42 19 dual dual JJ work_27j75zbdvbduhd2fxzmr2pewhy 42 20 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 42 21 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 42 22 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 42 23 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 42 24 . . . work_27j75zbdvbduhd2fxzmr2pewhy 43 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 43 2 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 43 3 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 43 4 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 43 5 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 43 6 commonality commonality NN work_27j75zbdvbduhd2fxzmr2pewhy 43 7 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 43 8 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 43 9 connected connect VBN work_27j75zbdvbduhd2fxzmr2pewhy 43 10 through through IN work_27j75zbdvbduhd2fxzmr2pewhy 43 11 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 43 12 quality quality NN work_27j75zbdvbduhd2fxzmr2pewhy 43 13 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 43 14 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 43 15 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 43 16 . . . work_27j75zbdvbduhd2fxzmr2pewhy 44 1 Contrary contrary JJ work_27j75zbdvbduhd2fxzmr2pewhy 44 2 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 44 3 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 44 4 conventional conventional JJ work_27j75zbdvbduhd2fxzmr2pewhy 44 5 wisdom wisdom NN work_27j75zbdvbduhd2fxzmr2pewhy 44 6 , , , work_27j75zbdvbduhd2fxzmr2pewhy 44 7 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 44 8 commonality commonality NN work_27j75zbdvbduhd2fxzmr2pewhy 44 9 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 44 10 decreases decrease VBZ work_27j75zbdvbduhd2fxzmr2pewhy 44 11 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 44 12 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 44 13 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 44 14 becomes become VBZ work_27j75zbdvbduhd2fxzmr2pewhy 44 15 less less RBR work_27j75zbdvbduhd2fxzmr2pewhy 44 16 accurate accurate JJ work_27j75zbdvbduhd2fxzmr2pewhy 44 17 . . . work_27j75zbdvbduhd2fxzmr2pewhy 45 1 That that RB work_27j75zbdvbduhd2fxzmr2pewhy 45 2 is is RB work_27j75zbdvbduhd2fxzmr2pewhy 45 3 , , , work_27j75zbdvbduhd2fxzmr2pewhy 45 4 when when WRB work_27j75zbdvbduhd2fxzmr2pewhy 45 5 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 45 6 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 45 7 becomes become VBZ work_27j75zbdvbduhd2fxzmr2pewhy 45 8 noisier noisy JJR work_27j75zbdvbduhd2fxzmr2pewhy 45 9 , , , work_27j75zbdvbduhd2fxzmr2pewhy 45 10 not not RB work_27j75zbdvbduhd2fxzmr2pewhy 45 11 only only RB work_27j75zbdvbduhd2fxzmr2pewhy 45 12 do do VBP work_27j75zbdvbduhd2fxzmr2pewhy 45 13 short short JJ work_27j75zbdvbduhd2fxzmr2pewhy 45 14 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 45 15 horizon horizon NN work_27j75zbdvbduhd2fxzmr2pewhy 45 16 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 45 17 use use VBP work_27j75zbdvbduhd2fxzmr2pewhy 45 18 it -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 45 19 less less RBR work_27j75zbdvbduhd2fxzmr2pewhy 45 20 , , , work_27j75zbdvbduhd2fxzmr2pewhy 45 21 they -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 45 22 also also RB work_27j75zbdvbduhd2fxzmr2pewhy 45 23 overuse overuse VBP work_27j75zbdvbduhd2fxzmr2pewhy 45 24 it -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 45 25 less less RBR work_27j75zbdvbduhd2fxzmr2pewhy 45 26 . . . work_27j75zbdvbduhd2fxzmr2pewhy 46 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 46 2 intuition intuition NN work_27j75zbdvbduhd2fxzmr2pewhy 46 3 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 46 4 straightforward straightforward JJ work_27j75zbdvbduhd2fxzmr2pewhy 46 5 . . . work_27j75zbdvbduhd2fxzmr2pewhy 47 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 47 2 commonality commonality NN work_27j75zbdvbduhd2fxzmr2pewhy 47 3 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 47 4 occurs occur VBZ work_27j75zbdvbduhd2fxzmr2pewhy 47 5 because because IN work_27j75zbdvbduhd2fxzmr2pewhy 47 6 short short JJ work_27j75zbdvbduhd2fxzmr2pewhy 47 7 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 47 8 horizon horizon NN work_27j75zbdvbduhd2fxzmr2pewhy 47 9 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 47 10 correctly correctly RB work_27j75zbdvbduhd2fxzmr2pewhy 47 11 believe believe VBP work_27j75zbdvbduhd2fxzmr2pewhy 47 12 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 47 13 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 47 14 first first JJ work_27j75zbdvbduhd2fxzmr2pewhy 47 15 place place NN work_27j75zbdvbduhd2fxzmr2pewhy 47 16 that that WDT work_27j75zbdvbduhd2fxzmr2pewhy 47 17 other other JJ work_27j75zbdvbduhd2fxzmr2pewhy 47 18 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 47 19 will will MD work_27j75zbdvbduhd2fxzmr2pewhy 47 20 be be VB work_27j75zbdvbduhd2fxzmr2pewhy 47 21 using use VBG work_27j75zbdvbduhd2fxzmr2pewhy 47 22 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 47 23 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 47 24 due due IN work_27j75zbdvbduhd2fxzmr2pewhy 47 25 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 47 26 its -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 47 27 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 47 28 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 47 29 . . . work_27j75zbdvbduhd2fxzmr2pewhy 48 1 When when WRB work_27j75zbdvbduhd2fxzmr2pewhy 48 2 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 48 3 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 48 4 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 48 5 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 48 6 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 48 7 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 48 8 becomes become VBZ work_27j75zbdvbduhd2fxzmr2pewhy 48 9 thinner thin JJR work_27j75zbdvbduhd2fxzmr2pewhy 48 10 , , , work_27j75zbdvbduhd2fxzmr2pewhy 48 11 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 48 12 overuse overuse VBP work_27j75zbdvbduhd2fxzmr2pewhy 48 13 it -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 48 14 less less RBR work_27j75zbdvbduhd2fxzmr2pewhy 48 15 because because IN work_27j75zbdvbduhd2fxzmr2pewhy 48 16 they -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 48 17 again again RB work_27j75zbdvbduhd2fxzmr2pewhy 48 18 correctly correctly RB work_27j75zbdvbduhd2fxzmr2pewhy 48 19 believe believe VBP work_27j75zbdvbduhd2fxzmr2pewhy 48 20 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 48 21 others other NNS work_27j75zbdvbduhd2fxzmr2pewhy 48 22 will will MD work_27j75zbdvbduhd2fxzmr2pewhy 48 23 be be VB work_27j75zbdvbduhd2fxzmr2pewhy 48 24 using use VBG work_27j75zbdvbduhd2fxzmr2pewhy 48 25 it -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 48 26 less less RBR work_27j75zbdvbduhd2fxzmr2pewhy 48 27 . . . work_27j75zbdvbduhd2fxzmr2pewhy 49 1 In in IN work_27j75zbdvbduhd2fxzmr2pewhy 49 2 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 49 3 extreme extreme NN work_27j75zbdvbduhd2fxzmr2pewhy 49 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 49 5 3 3 CD work_27j75zbdvbduhd2fxzmr2pewhy 49 6 if if IN work_27j75zbdvbduhd2fxzmr2pewhy 49 7 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 49 8 piece piece NN work_27j75zbdvbduhd2fxzmr2pewhy 49 9 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 49 10 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 49 11 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 49 12 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 49 13 completely completely RB work_27j75zbdvbduhd2fxzmr2pewhy 49 14 useless useless JJ work_27j75zbdvbduhd2fxzmr2pewhy 49 15 , , , work_27j75zbdvbduhd2fxzmr2pewhy 49 16 it -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 49 17 will will MD work_27j75zbdvbduhd2fxzmr2pewhy 49 18 be be VB work_27j75zbdvbduhd2fxzmr2pewhy 49 19 neither neither CC work_27j75zbdvbduhd2fxzmr2pewhy 49 20 used use VBN work_27j75zbdvbduhd2fxzmr2pewhy 49 21 nor nor CC work_27j75zbdvbduhd2fxzmr2pewhy 49 22 overused overuse VBN work_27j75zbdvbduhd2fxzmr2pewhy 49 23 . . . work_27j75zbdvbduhd2fxzmr2pewhy 50 1 Just just RB work_27j75zbdvbduhd2fxzmr2pewhy 50 2 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 50 3 Morris Morris NNP work_27j75zbdvbduhd2fxzmr2pewhy 50 4 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 50 5 Shin Shin NNP work_27j75zbdvbduhd2fxzmr2pewhy 50 6 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 50 7 2002 2002 CD work_27j75zbdvbduhd2fxzmr2pewhy 50 8 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 50 9 differentiate differentiate VB work_27j75zbdvbduhd2fxzmr2pewhy 50 10 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 50 11 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 50 12 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 50 13 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 50 14 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 50 15 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 50 16 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 50 17 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 50 18 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 50 19 sunspot sunspot NN work_27j75zbdvbduhd2fxzmr2pewhy 50 20 literature literature NN work_27j75zbdvbduhd2fxzmr2pewhy 50 21 based base VBN work_27j75zbdvbduhd2fxzmr2pewhy 50 22 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 50 23 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 50 24 fact fact NN work_27j75zbdvbduhd2fxzmr2pewhy 50 25 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 50 26 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 50 27 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 50 28 has have VBZ work_27j75zbdvbduhd2fxzmr2pewhy 50 29 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 50 30 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 50 31 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 50 32 , , , work_27j75zbdvbduhd2fxzmr2pewhy 50 33 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 50 34 endogenous endogenous JJ work_27j75zbdvbduhd2fxzmr2pewhy 50 35 link link NN work_27j75zbdvbduhd2fxzmr2pewhy 50 36 between between IN work_27j75zbdvbduhd2fxzmr2pewhy 50 37 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 50 38 dual dual JJ work_27j75zbdvbduhd2fxzmr2pewhy 50 39 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 50 40 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 50 41 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 50 42 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 50 43 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 50 44 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 50 45 hallmark hallmark NN work_27j75zbdvbduhd2fxzmr2pewhy 50 46 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 50 47 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 50 48 rational rational JJ work_27j75zbdvbduhd2fxzmr2pewhy 50 49 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 50 50 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 50 51 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 50 52 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 50 53 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 50 54 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 50 55 . . . work_27j75zbdvbduhd2fxzmr2pewhy 51 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 51 2 endogenous endogenous JJ work_27j75zbdvbduhd2fxzmr2pewhy 51 3 link link NN work_27j75zbdvbduhd2fxzmr2pewhy 51 4 between between IN work_27j75zbdvbduhd2fxzmr2pewhy 51 5 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 51 6 dual dual JJ work_27j75zbdvbduhd2fxzmr2pewhy 51 7 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 51 8 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 51 9 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 51 10 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 51 11 reconciles reconcile NNS work_27j75zbdvbduhd2fxzmr2pewhy 51 12 this this DT work_27j75zbdvbduhd2fxzmr2pewhy 51 13 study study NN work_27j75zbdvbduhd2fxzmr2pewhy 51 14 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 51 15 Morris Morris NNP work_27j75zbdvbduhd2fxzmr2pewhy 51 16 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 51 17 Shin Shin NNP work_27j75zbdvbduhd2fxzmr2pewhy 51 18 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 51 19 2002 2002 CD work_27j75zbdvbduhd2fxzmr2pewhy 51 20 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 51 21 . . . work_27j75zbdvbduhd2fxzmr2pewhy 52 1 Assuming assume VBG work_27j75zbdvbduhd2fxzmr2pewhy 52 2 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 52 3 agents agent NNS work_27j75zbdvbduhd2fxzmr2pewhy 52 4 have have VBP work_27j75zbdvbduhd2fxzmr2pewhy 52 5 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 52 6 fixed fix VBN work_27j75zbdvbduhd2fxzmr2pewhy 52 7 “ " `` work_27j75zbdvbduhd2fxzmr2pewhy 52 8 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 52 9 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 52 10 ” " '' work_27j75zbdvbduhd2fxzmr2pewhy 52 11 component component NN work_27j75zbdvbduhd2fxzmr2pewhy 52 12 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 52 13 utility utility NN work_27j75zbdvbduhd2fxzmr2pewhy 52 14 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 52 15 keeping keep VBG work_27j75zbdvbduhd2fxzmr2pewhy 52 16 their -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 52 17 actions action NNS work_27j75zbdvbduhd2fxzmr2pewhy 52 18 closer close RBR work_27j75zbdvbduhd2fxzmr2pewhy 52 19 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 52 20 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 52 21 average average JJ work_27j75zbdvbduhd2fxzmr2pewhy 52 22 action action NN work_27j75zbdvbduhd2fxzmr2pewhy 52 23 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 52 24 others other NNS work_27j75zbdvbduhd2fxzmr2pewhy 52 25 , , , work_27j75zbdvbduhd2fxzmr2pewhy 52 26 Morris Morris NNP work_27j75zbdvbduhd2fxzmr2pewhy 52 27 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 52 28 Shin Shin NNP work_27j75zbdvbduhd2fxzmr2pewhy 52 29 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 52 30 2002 2002 CD work_27j75zbdvbduhd2fxzmr2pewhy 52 31 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 52 32 conclude conclude VBP work_27j75zbdvbduhd2fxzmr2pewhy 52 33 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 52 34 noisy noisy JJ work_27j75zbdvbduhd2fxzmr2pewhy 52 35 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 52 36 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 52 37 could could MD work_27j75zbdvbduhd2fxzmr2pewhy 52 38 be be VB work_27j75zbdvbduhd2fxzmr2pewhy 52 39 detrimental detrimental JJ work_27j75zbdvbduhd2fxzmr2pewhy 52 40 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 52 41 social social JJ work_27j75zbdvbduhd2fxzmr2pewhy 52 42 welfare welfare NN work_27j75zbdvbduhd2fxzmr2pewhy 52 43 . . . work_27j75zbdvbduhd2fxzmr2pewhy 53 1 Despite despite IN work_27j75zbdvbduhd2fxzmr2pewhy 53 2 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 53 3 modeling modeling NN work_27j75zbdvbduhd2fxzmr2pewhy 53 4 differences difference NNS work_27j75zbdvbduhd2fxzmr2pewhy 53 5 , , , work_27j75zbdvbduhd2fxzmr2pewhy 53 6 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 53 7 discussion discussion NN work_27j75zbdvbduhd2fxzmr2pewhy 53 8 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 53 9 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 53 10 last last JJ work_27j75zbdvbduhd2fxzmr2pewhy 53 11 two two CD work_27j75zbdvbduhd2fxzmr2pewhy 53 12 paragraphs paragraph NNS work_27j75zbdvbduhd2fxzmr2pewhy 53 13 suggests suggest VBZ work_27j75zbdvbduhd2fxzmr2pewhy 53 14 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 53 15 their -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 53 16 conclusion conclusion NN work_27j75zbdvbduhd2fxzmr2pewhy 53 17 may may MD work_27j75zbdvbduhd2fxzmr2pewhy 53 18 be be VB work_27j75zbdvbduhd2fxzmr2pewhy 53 19 due due IN work_27j75zbdvbduhd2fxzmr2pewhy 53 20 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 53 21 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 53 22 assumed assumed JJ work_27j75zbdvbduhd2fxzmr2pewhy 53 23 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 53 24 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 53 25 utility utility NN work_27j75zbdvbduhd2fxzmr2pewhy 53 26 , , , work_27j75zbdvbduhd2fxzmr2pewhy 53 27 which which WDT work_27j75zbdvbduhd2fxzmr2pewhy 53 28 , , , work_27j75zbdvbduhd2fxzmr2pewhy 53 29 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 53 30 fixing fix VBG work_27j75zbdvbduhd2fxzmr2pewhy 53 31 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 53 32 intensity intensity NN work_27j75zbdvbduhd2fxzmr2pewhy 53 33 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 53 34 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 53 35 commonality commonality NN work_27j75zbdvbduhd2fxzmr2pewhy 53 36 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 53 37 , , , work_27j75zbdvbduhd2fxzmr2pewhy 53 38 divorces divorce VBZ work_27j75zbdvbduhd2fxzmr2pewhy 53 39 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 53 40 link link NN work_27j75zbdvbduhd2fxzmr2pewhy 53 41 between between IN work_27j75zbdvbduhd2fxzmr2pewhy 53 42 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 53 43 dual dual JJ work_27j75zbdvbduhd2fxzmr2pewhy 53 44 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 53 45 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 53 46 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 53 47 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 53 48 . . . work_27j75zbdvbduhd2fxzmr2pewhy 54 1 Hence hence RB work_27j75zbdvbduhd2fxzmr2pewhy 54 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 54 3 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 54 4 comparison comparison NN work_27j75zbdvbduhd2fxzmr2pewhy 54 5 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 54 6 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 54 7 two two CD work_27j75zbdvbduhd2fxzmr2pewhy 54 8 studies study NNS work_27j75zbdvbduhd2fxzmr2pewhy 54 9 deepens deepen VBZ work_27j75zbdvbduhd2fxzmr2pewhy 54 10 our -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 54 11 knowledge knowledge NN work_27j75zbdvbduhd2fxzmr2pewhy 54 12 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 54 13 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 54 14 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 54 15 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 54 16 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 54 17 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 54 18 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 54 19 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 54 20 . . . work_27j75zbdvbduhd2fxzmr2pewhy 55 1 This this DT work_27j75zbdvbduhd2fxzmr2pewhy 55 2 paper paper NN work_27j75zbdvbduhd2fxzmr2pewhy 55 3 also also RB work_27j75zbdvbduhd2fxzmr2pewhy 55 4 contributes contribute VBZ work_27j75zbdvbduhd2fxzmr2pewhy 55 5 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 55 6 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 55 7 literature literature NN work_27j75zbdvbduhd2fxzmr2pewhy 55 8 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 55 9 dynamic dynamic JJ work_27j75zbdvbduhd2fxzmr2pewhy 55 10 noisy noisy JJ work_27j75zbdvbduhd2fxzmr2pewhy 55 11 rational rational JJ work_27j75zbdvbduhd2fxzmr2pewhy 55 12 expectations expectation NNS work_27j75zbdvbduhd2fxzmr2pewhy 55 13 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 55 14 capital capital NN work_27j75zbdvbduhd2fxzmr2pewhy 55 15 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 55 16 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 55 17 supplying supply VBG work_27j75zbdvbduhd2fxzmr2pewhy 55 18 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 55 19 closed close VBN work_27j75zbdvbduhd2fxzmr2pewhy 55 20 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 55 21 form form NN work_27j75zbdvbduhd2fxzmr2pewhy 55 22 equilibrium equilibrium NN work_27j75zbdvbduhd2fxzmr2pewhy 55 23 , , , work_27j75zbdvbduhd2fxzmr2pewhy 55 24 which which WDT work_27j75zbdvbduhd2fxzmr2pewhy 55 25 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 55 26 rare rare JJ work_27j75zbdvbduhd2fxzmr2pewhy 55 27 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 55 28 this this DT work_27j75zbdvbduhd2fxzmr2pewhy 55 29 literature.1 literature.1 NN work_27j75zbdvbduhd2fxzmr2pewhy 55 30 This this DT work_27j75zbdvbduhd2fxzmr2pewhy 55 31 paper paper NN work_27j75zbdvbduhd2fxzmr2pewhy 55 32 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 55 33 an an DT work_27j75zbdvbduhd2fxzmr2pewhy 55 34 extension extension NN work_27j75zbdvbduhd2fxzmr2pewhy 55 35 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 55 36 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 55 37 work work NN work_27j75zbdvbduhd2fxzmr2pewhy 55 38 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 55 39 Brown Brown NNP work_27j75zbdvbduhd2fxzmr2pewhy 55 40 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 55 41 Jennings Jennings NNP work_27j75zbdvbduhd2fxzmr2pewhy 55 42 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 55 43 1989 1989 CD work_27j75zbdvbduhd2fxzmr2pewhy 55 44 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 55 45 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 55 46 Allen Allen NNP work_27j75zbdvbduhd2fxzmr2pewhy 55 47 , , , work_27j75zbdvbduhd2fxzmr2pewhy 55 48 Morris Morris NNP work_27j75zbdvbduhd2fxzmr2pewhy 55 49 , , , work_27j75zbdvbduhd2fxzmr2pewhy 55 50 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 55 51 Shin Shin NNP work_27j75zbdvbduhd2fxzmr2pewhy 55 52 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 55 53 2006 2006 CD work_27j75zbdvbduhd2fxzmr2pewhy 55 54 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 55 55 who who WP work_27j75zbdvbduhd2fxzmr2pewhy 55 56 conduct conduct VBP work_27j75zbdvbduhd2fxzmr2pewhy 55 57 only only RB work_27j75zbdvbduhd2fxzmr2pewhy 55 58 qualitative qualitative JJ work_27j75zbdvbduhd2fxzmr2pewhy 55 59 analysis analysis NN work_27j75zbdvbduhd2fxzmr2pewhy 55 60 . . . work_27j75zbdvbduhd2fxzmr2pewhy 56 1 Besides besides IN work_27j75zbdvbduhd2fxzmr2pewhy 56 2 making make VBG work_27j75zbdvbduhd2fxzmr2pewhy 56 3 it -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 56 4 possible possible JJ work_27j75zbdvbduhd2fxzmr2pewhy 56 5 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 56 6 analyze analyze VB work_27j75zbdvbduhd2fxzmr2pewhy 56 7 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 56 8 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 56 9 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 56 10 consequences consequence NNS work_27j75zbdvbduhd2fxzmr2pewhy 56 11 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 56 12 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 56 13 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 56 14 , , , work_27j75zbdvbduhd2fxzmr2pewhy 56 15 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 56 16 closed close VBN work_27j75zbdvbduhd2fxzmr2pewhy 56 17 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 56 18 form form NN work_27j75zbdvbduhd2fxzmr2pewhy 56 19 equilibrium equilibrium NN work_27j75zbdvbduhd2fxzmr2pewhy 56 20 opens open VBZ work_27j75zbdvbduhd2fxzmr2pewhy 56 21 up up RP work_27j75zbdvbduhd2fxzmr2pewhy 56 22 many many JJ work_27j75zbdvbduhd2fxzmr2pewhy 56 23 other other JJ work_27j75zbdvbduhd2fxzmr2pewhy 56 24 possibilities possibility NNS work_27j75zbdvbduhd2fxzmr2pewhy 56 25 . . . work_27j75zbdvbduhd2fxzmr2pewhy 57 1 For for IN work_27j75zbdvbduhd2fxzmr2pewhy 57 2 example example NN work_27j75zbdvbduhd2fxzmr2pewhy 57 3 , , , work_27j75zbdvbduhd2fxzmr2pewhy 57 4 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 57 5 model model NN work_27j75zbdvbduhd2fxzmr2pewhy 57 6 could could MD work_27j75zbdvbduhd2fxzmr2pewhy 57 7 be be VB work_27j75zbdvbduhd2fxzmr2pewhy 57 8 developed develop VBN work_27j75zbdvbduhd2fxzmr2pewhy 57 9 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 57 10 study study VB work_27j75zbdvbduhd2fxzmr2pewhy 57 11 firms firm NNS work_27j75zbdvbduhd2fxzmr2pewhy 57 12 ’ ’ POS work_27j75zbdvbduhd2fxzmr2pewhy 57 13 choice choice NN work_27j75zbdvbduhd2fxzmr2pewhy 57 14 between between IN work_27j75zbdvbduhd2fxzmr2pewhy 57 15 private private JJ work_27j75zbdvbduhd2fxzmr2pewhy 57 16 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 57 17 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 57 18 channels channel NNS work_27j75zbdvbduhd2fxzmr2pewhy 57 19 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 57 20 convey convey VB work_27j75zbdvbduhd2fxzmr2pewhy 57 21 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 57 22 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 57 23 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 57 24 markets market NNS work_27j75zbdvbduhd2fxzmr2pewhy 57 25 . . . work_27j75zbdvbduhd2fxzmr2pewhy 58 1 Private private JJ work_27j75zbdvbduhd2fxzmr2pewhy 58 2 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 58 3 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 58 4 only only RB work_27j75zbdvbduhd2fxzmr2pewhy 58 5 partially partially RB work_27j75zbdvbduhd2fxzmr2pewhy 58 6 reflected reflect VBN work_27j75zbdvbduhd2fxzmr2pewhy 58 7 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 58 8 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 58 9 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 58 10 while while IN work_27j75zbdvbduhd2fxzmr2pewhy 58 11 1Grossman 1Grossman NNP work_27j75zbdvbduhd2fxzmr2pewhy 58 12 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 58 13 1976 1976 CD work_27j75zbdvbduhd2fxzmr2pewhy 58 14 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 58 15 , , , work_27j75zbdvbduhd2fxzmr2pewhy 58 16 Grossman Grossman NNP work_27j75zbdvbduhd2fxzmr2pewhy 58 17 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 58 18 Stiglitz Stiglitz NNP work_27j75zbdvbduhd2fxzmr2pewhy 58 19 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 58 20 1980 1980 CD work_27j75zbdvbduhd2fxzmr2pewhy 58 21 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 58 22 , , , work_27j75zbdvbduhd2fxzmr2pewhy 58 23 Diamond Diamond NNP work_27j75zbdvbduhd2fxzmr2pewhy 58 24 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 58 25 Verrecchia Verrecchia NNP work_27j75zbdvbduhd2fxzmr2pewhy 58 26 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 58 27 1981 1981 CD work_27j75zbdvbduhd2fxzmr2pewhy 58 28 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 58 29 , , , work_27j75zbdvbduhd2fxzmr2pewhy 58 30 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 58 31 Admati Admati NNP work_27j75zbdvbduhd2fxzmr2pewhy 58 32 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 58 33 1985 1985 CD work_27j75zbdvbduhd2fxzmr2pewhy 58 34 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 58 35 study study VB work_27j75zbdvbduhd2fxzmr2pewhy 58 36 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 58 37 single single JJ work_27j75zbdvbduhd2fxzmr2pewhy 58 38 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 58 39 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 58 40 noisy noisy NNP work_27j75zbdvbduhd2fxzmr2pewhy 58 41 rational rational JJ work_27j75zbdvbduhd2fxzmr2pewhy 58 42 expectations expectation NNS work_27j75zbdvbduhd2fxzmr2pewhy 58 43 model model NN work_27j75zbdvbduhd2fxzmr2pewhy 58 44 ; ; : work_27j75zbdvbduhd2fxzmr2pewhy 58 45 Besides besides IN work_27j75zbdvbduhd2fxzmr2pewhy 58 46 Allen Allen NNP work_27j75zbdvbduhd2fxzmr2pewhy 58 47 , , , work_27j75zbdvbduhd2fxzmr2pewhy 58 48 Morris Morris NNP work_27j75zbdvbduhd2fxzmr2pewhy 58 49 , , , work_27j75zbdvbduhd2fxzmr2pewhy 58 50 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 58 51 Shin Shin NNP work_27j75zbdvbduhd2fxzmr2pewhy 58 52 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 58 53 2006 2006 CD work_27j75zbdvbduhd2fxzmr2pewhy 58 54 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 58 55 , , , work_27j75zbdvbduhd2fxzmr2pewhy 58 56 see see VB work_27j75zbdvbduhd2fxzmr2pewhy 58 57 also also RB work_27j75zbdvbduhd2fxzmr2pewhy 58 58 Brown Brown NNP work_27j75zbdvbduhd2fxzmr2pewhy 58 59 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 58 60 Jennings Jennings NNP work_27j75zbdvbduhd2fxzmr2pewhy 58 61 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 58 62 1989 1989 CD work_27j75zbdvbduhd2fxzmr2pewhy 58 63 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 58 64 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 58 65 Grundy Grundy NNP work_27j75zbdvbduhd2fxzmr2pewhy 58 66 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 58 67 McNichols McNichols NNP work_27j75zbdvbduhd2fxzmr2pewhy 58 68 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 58 69 1989 1989 CD work_27j75zbdvbduhd2fxzmr2pewhy 58 70 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 58 71 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 58 72 multi multi JJ work_27j75zbdvbduhd2fxzmr2pewhy 58 73 - - JJ work_27j75zbdvbduhd2fxzmr2pewhy 58 74 period period JJ work_27j75zbdvbduhd2fxzmr2pewhy 58 75 noisy noisy NNP work_27j75zbdvbduhd2fxzmr2pewhy 58 76 rational rational JJ work_27j75zbdvbduhd2fxzmr2pewhy 58 77 expectations expectation NNS work_27j75zbdvbduhd2fxzmr2pewhy 58 78 models model NNS work_27j75zbdvbduhd2fxzmr2pewhy 58 79 . . . work_27j75zbdvbduhd2fxzmr2pewhy 59 1 Anctil Anctil NNP work_27j75zbdvbduhd2fxzmr2pewhy 59 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 59 3 Dickhaut Dickhaut NNP work_27j75zbdvbduhd2fxzmr2pewhy 59 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 59 5 Kan- Kan- NNP work_27j75zbdvbduhd2fxzmr2pewhy 59 6 odia odia NN work_27j75zbdvbduhd2fxzmr2pewhy 59 7 , , , work_27j75zbdvbduhd2fxzmr2pewhy 59 8 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 59 9 Shapiro Shapiro NNP work_27j75zbdvbduhd2fxzmr2pewhy 59 10 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 59 11 2004),Walther 2004),walther CD work_27j75zbdvbduhd2fxzmr2pewhy 59 12 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 59 13 2004 2004 CD work_27j75zbdvbduhd2fxzmr2pewhy 59 14 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 59 15 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 59 16 discussion discussion NN work_27j75zbdvbduhd2fxzmr2pewhy 59 17 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 59 18 , , , work_27j75zbdvbduhd2fxzmr2pewhy 59 19 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 59 20 Hirota Hirota NNP work_27j75zbdvbduhd2fxzmr2pewhy 59 21 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 59 22 Sunder Sunder NNP work_27j75zbdvbduhd2fxzmr2pewhy 59 23 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 59 24 2007 2007 CD work_27j75zbdvbduhd2fxzmr2pewhy 59 25 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 59 26 conduct conduct VB work_27j75zbdvbduhd2fxzmr2pewhy 59 27 interesting interesting JJ work_27j75zbdvbduhd2fxzmr2pewhy 59 28 laboratory laboratory NN work_27j75zbdvbduhd2fxzmr2pewhy 59 29 experiments experiment NNS work_27j75zbdvbduhd2fxzmr2pewhy 59 30 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 59 31 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 59 32 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 59 33 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 59 34 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 59 35 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 59 36 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 59 37 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 59 38 . . . work_27j75zbdvbduhd2fxzmr2pewhy 60 1 4 4 LS work_27j75zbdvbduhd2fxzmr2pewhy 60 2 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 60 3 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 60 4 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 60 5 overused overuse VBN work_27j75zbdvbduhd2fxzmr2pewhy 60 6 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 60 7 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 60 8 markets market NNS work_27j75zbdvbduhd2fxzmr2pewhy 60 9 . . . work_27j75zbdvbduhd2fxzmr2pewhy 61 1 Firms firm NNS work_27j75zbdvbduhd2fxzmr2pewhy 61 2 may may MD work_27j75zbdvbduhd2fxzmr2pewhy 61 3 benefit benefit VB work_27j75zbdvbduhd2fxzmr2pewhy 61 4 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 61 5 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 61 6 balanced balanced JJ work_27j75zbdvbduhd2fxzmr2pewhy 61 7 combination combination NN work_27j75zbdvbduhd2fxzmr2pewhy 61 8 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 61 9 both both DT work_27j75zbdvbduhd2fxzmr2pewhy 61 10 channels channel NNS work_27j75zbdvbduhd2fxzmr2pewhy 61 11 . . . work_27j75zbdvbduhd2fxzmr2pewhy 62 1 For for IN work_27j75zbdvbduhd2fxzmr2pewhy 62 2 another another DT work_27j75zbdvbduhd2fxzmr2pewhy 62 3 example example NN work_27j75zbdvbduhd2fxzmr2pewhy 62 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 62 5 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 62 6 relation relation NN work_27j75zbdvbduhd2fxzmr2pewhy 62 7 between between IN work_27j75zbdvbduhd2fxzmr2pewhy 62 8 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 62 9 quality quality NN work_27j75zbdvbduhd2fxzmr2pewhy 62 10 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 62 11 cost cost NN work_27j75zbdvbduhd2fxzmr2pewhy 62 12 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 62 13 capital capital NN work_27j75zbdvbduhd2fxzmr2pewhy 62 14 has have VBZ work_27j75zbdvbduhd2fxzmr2pewhy 62 15 been be VBN work_27j75zbdvbduhd2fxzmr2pewhy 62 16 extensively extensively RB work_27j75zbdvbduhd2fxzmr2pewhy 62 17 studied study VBN work_27j75zbdvbduhd2fxzmr2pewhy 62 18 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 62 19 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 62 20 single single JJ work_27j75zbdvbduhd2fxzmr2pewhy 62 21 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 62 22 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 62 23 model model NN work_27j75zbdvbduhd2fxzmr2pewhy 62 24 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 62 25 see see VB work_27j75zbdvbduhd2fxzmr2pewhy 62 26 Easley Easley NNP work_27j75zbdvbduhd2fxzmr2pewhy 62 27 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 62 28 O’hara O’hara NNP work_27j75zbdvbduhd2fxzmr2pewhy 62 29 , , , work_27j75zbdvbduhd2fxzmr2pewhy 62 30 2004 2004 CD work_27j75zbdvbduhd2fxzmr2pewhy 62 31 ; ; : work_27j75zbdvbduhd2fxzmr2pewhy 62 32 Lambert Lambert NNP work_27j75zbdvbduhd2fxzmr2pewhy 62 33 , , , work_27j75zbdvbduhd2fxzmr2pewhy 62 34 Leuz Leuz NNP work_27j75zbdvbduhd2fxzmr2pewhy 62 35 , , , work_27j75zbdvbduhd2fxzmr2pewhy 62 36 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 62 37 Verrecchia Verrecchia NNP work_27j75zbdvbduhd2fxzmr2pewhy 62 38 , , , work_27j75zbdvbduhd2fxzmr2pewhy 62 39 2007b 2007b CD work_27j75zbdvbduhd2fxzmr2pewhy 62 40 , , , work_27j75zbdvbduhd2fxzmr2pewhy 62 41 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 62 42 , , , work_27j75zbdvbduhd2fxzmr2pewhy 62 43 e.g. e.g. RB work_27j75zbdvbduhd2fxzmr2pewhy 62 44 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 62 45 . . . work_27j75zbdvbduhd2fxzmr2pewhy 63 1 A a DT work_27j75zbdvbduhd2fxzmr2pewhy 63 2 tractable tractable JJ work_27j75zbdvbduhd2fxzmr2pewhy 63 3 dynamic dynamic JJ work_27j75zbdvbduhd2fxzmr2pewhy 63 4 model model NN work_27j75zbdvbduhd2fxzmr2pewhy 63 5 could could MD work_27j75zbdvbduhd2fxzmr2pewhy 63 6 help help VB work_27j75zbdvbduhd2fxzmr2pewhy 63 7 reexamine reexamine VB work_27j75zbdvbduhd2fxzmr2pewhy 63 8 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 63 9 relation relation NN work_27j75zbdvbduhd2fxzmr2pewhy 63 10 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 63 11 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 63 12 context context NN work_27j75zbdvbduhd2fxzmr2pewhy 63 13 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 63 14 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 63 15 markets market NNS work_27j75zbdvbduhd2fxzmr2pewhy 63 16 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 63 17 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 63 18 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 63 19 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 63 20 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 63 21 . . . work_27j75zbdvbduhd2fxzmr2pewhy 64 1 In in IN work_27j75zbdvbduhd2fxzmr2pewhy 64 2 addition addition NN work_27j75zbdvbduhd2fxzmr2pewhy 64 3 , , , work_27j75zbdvbduhd2fxzmr2pewhy 64 4 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 64 5 model model NN work_27j75zbdvbduhd2fxzmr2pewhy 64 6 may may MD work_27j75zbdvbduhd2fxzmr2pewhy 64 7 also also RB work_27j75zbdvbduhd2fxzmr2pewhy 64 8 find find VB work_27j75zbdvbduhd2fxzmr2pewhy 64 9 applications application NNS work_27j75zbdvbduhd2fxzmr2pewhy 64 10 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 64 11 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 64 12 vast vast JJ work_27j75zbdvbduhd2fxzmr2pewhy 64 13 ERC ERC NNP work_27j75zbdvbduhd2fxzmr2pewhy 64 14 literature literature NN work_27j75zbdvbduhd2fxzmr2pewhy 64 15 . . . work_27j75zbdvbduhd2fxzmr2pewhy 65 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 65 2 rest rest NN work_27j75zbdvbduhd2fxzmr2pewhy 65 3 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 65 4 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 65 5 paper paper NN work_27j75zbdvbduhd2fxzmr2pewhy 65 6 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 65 7 organized organize VBN work_27j75zbdvbduhd2fxzmr2pewhy 65 8 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 65 9 follows follow VBZ work_27j75zbdvbduhd2fxzmr2pewhy 65 10 . . . work_27j75zbdvbduhd2fxzmr2pewhy 66 1 Part part NN work_27j75zbdvbduhd2fxzmr2pewhy 66 2 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 66 3 describes describe VBZ work_27j75zbdvbduhd2fxzmr2pewhy 66 4 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 66 5 basic basic JJ work_27j75zbdvbduhd2fxzmr2pewhy 66 6 setting setting NN work_27j75zbdvbduhd2fxzmr2pewhy 66 7 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 66 8 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 66 9 model model NN work_27j75zbdvbduhd2fxzmr2pewhy 66 10 ; ; : work_27j75zbdvbduhd2fxzmr2pewhy 66 11 part part NN work_27j75zbdvbduhd2fxzmr2pewhy 66 12 3 3 CD work_27j75zbdvbduhd2fxzmr2pewhy 66 13 defines define NNS work_27j75zbdvbduhd2fxzmr2pewhy 66 14 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 66 15 solves solve VBZ work_27j75zbdvbduhd2fxzmr2pewhy 66 16 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 66 17 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 66 18 equilibrium equilibrium NN work_27j75zbdvbduhd2fxzmr2pewhy 66 19 ; ; : work_27j75zbdvbduhd2fxzmr2pewhy 66 20 part part NN work_27j75zbdvbduhd2fxzmr2pewhy 66 21 4 4 CD work_27j75zbdvbduhd2fxzmr2pewhy 66 22 examines examine VBZ work_27j75zbdvbduhd2fxzmr2pewhy 66 23 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 66 24 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 66 25 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 66 26 consequences consequence NNS work_27j75zbdvbduhd2fxzmr2pewhy 66 27 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 66 28 accounting accounting NN work_27j75zbdvbduhd2fxzmr2pewhy 66 29 disclosure disclosure NN work_27j75zbdvbduhd2fxzmr2pewhy 66 30 ; ; : work_27j75zbdvbduhd2fxzmr2pewhy 66 31 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 66 32 part part NN work_27j75zbdvbduhd2fxzmr2pewhy 66 33 5 5 CD work_27j75zbdvbduhd2fxzmr2pewhy 66 34 concludes conclude NNS work_27j75zbdvbduhd2fxzmr2pewhy 66 35 . . . work_27j75zbdvbduhd2fxzmr2pewhy 67 1 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 67 2 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 67 3 Model Model NNP work_27j75zbdvbduhd2fxzmr2pewhy 67 4 I -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 67 5 describe describe VBP work_27j75zbdvbduhd2fxzmr2pewhy 67 6 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 67 7 basic basic JJ work_27j75zbdvbduhd2fxzmr2pewhy 67 8 setting setting NN work_27j75zbdvbduhd2fxzmr2pewhy 67 9 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 67 10 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 67 11 model model NN work_27j75zbdvbduhd2fxzmr2pewhy 67 12 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 67 13 this this DT work_27j75zbdvbduhd2fxzmr2pewhy 67 14 section section NN work_27j75zbdvbduhd2fxzmr2pewhy 67 15 , , , work_27j75zbdvbduhd2fxzmr2pewhy 67 16 which which WDT work_27j75zbdvbduhd2fxzmr2pewhy 67 17 closely closely RB work_27j75zbdvbduhd2fxzmr2pewhy 67 18 follows follow VBZ work_27j75zbdvbduhd2fxzmr2pewhy 67 19 Brown Brown NNP work_27j75zbdvbduhd2fxzmr2pewhy 67 20 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 67 21 Jennings Jennings NNP work_27j75zbdvbduhd2fxzmr2pewhy 67 22 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 67 23 1989 1989 CD work_27j75zbdvbduhd2fxzmr2pewhy 67 24 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 67 25 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 67 26 Allen Allen NNP work_27j75zbdvbduhd2fxzmr2pewhy 67 27 , , , work_27j75zbdvbduhd2fxzmr2pewhy 67 28 Morris Morris NNP work_27j75zbdvbduhd2fxzmr2pewhy 67 29 , , , work_27j75zbdvbduhd2fxzmr2pewhy 67 30 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 67 31 Shin Shin NNP work_27j75zbdvbduhd2fxzmr2pewhy 67 32 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 67 33 2006 2006 CD work_27j75zbdvbduhd2fxzmr2pewhy 67 34 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 67 35 . . . work_27j75zbdvbduhd2fxzmr2pewhy 68 1 It -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 68 2 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 68 3 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 68 4 two two CD work_27j75zbdvbduhd2fxzmr2pewhy 68 5 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 68 6 trading trading NN work_27j75zbdvbduhd2fxzmr2pewhy 68 7 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 68 8 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 68 9 noisy noisy NNP work_27j75zbdvbduhd2fxzmr2pewhy 68 10 rational rational JJ work_27j75zbdvbduhd2fxzmr2pewhy 68 11 expectations expectation NNS work_27j75zbdvbduhd2fxzmr2pewhy 68 12 economy economy NN work_27j75zbdvbduhd2fxzmr2pewhy 68 13 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 68 14 short short JJ work_27j75zbdvbduhd2fxzmr2pewhy 68 15 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 68 16 horizon horizon NN work_27j75zbdvbduhd2fxzmr2pewhy 68 17 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 68 18 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 68 19 independent independent JJ work_27j75zbdvbduhd2fxzmr2pewhy 68 20 supply supply NN work_27j75zbdvbduhd2fxzmr2pewhy 68 21 shocks shock NNS work_27j75zbdvbduhd2fxzmr2pewhy 68 22 . . . work_27j75zbdvbduhd2fxzmr2pewhy 69 1 There there EX work_27j75zbdvbduhd2fxzmr2pewhy 69 2 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 69 3 two two CD work_27j75zbdvbduhd2fxzmr2pewhy 69 4 trading trading NN work_27j75zbdvbduhd2fxzmr2pewhy 69 5 periods period NNS work_27j75zbdvbduhd2fxzmr2pewhy 69 6 . . . work_27j75zbdvbduhd2fxzmr2pewhy 70 1 A a DT work_27j75zbdvbduhd2fxzmr2pewhy 70 2 risk risk NN work_27j75zbdvbduhd2fxzmr2pewhy 70 3 free free JJ work_27j75zbdvbduhd2fxzmr2pewhy 70 4 asset asset NN work_27j75zbdvbduhd2fxzmr2pewhy 70 5 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 70 6 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 70 7 firm firm NN work_27j75zbdvbduhd2fxzmr2pewhy 70 8 ’s ’s POS work_27j75zbdvbduhd2fxzmr2pewhy 70 9 risky risky JJ work_27j75zbdvbduhd2fxzmr2pewhy 70 10 stocks stock NNS work_27j75zbdvbduhd2fxzmr2pewhy 70 11 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 70 12 traded trade VBN work_27j75zbdvbduhd2fxzmr2pewhy 70 13 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 70 14 both both DT work_27j75zbdvbduhd2fxzmr2pewhy 70 15 periods period NNS work_27j75zbdvbduhd2fxzmr2pewhy 70 16 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 70 17 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 70 18 competitive competitive JJ work_27j75zbdvbduhd2fxzmr2pewhy 70 19 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 70 20 . . . work_27j75zbdvbduhd2fxzmr2pewhy 71 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 71 2 risk risk NN work_27j75zbdvbduhd2fxzmr2pewhy 71 3 free free JJ work_27j75zbdvbduhd2fxzmr2pewhy 71 4 asset asset NN work_27j75zbdvbduhd2fxzmr2pewhy 71 5 acts act NNS work_27j75zbdvbduhd2fxzmr2pewhy 71 6 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 71 7 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 71 8 numeraire numeraire NN work_27j75zbdvbduhd2fxzmr2pewhy 71 9 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 71 10 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 71 11 economy economy NN work_27j75zbdvbduhd2fxzmr2pewhy 71 12 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 71 13 its -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 71 14 return return NN work_27j75zbdvbduhd2fxzmr2pewhy 71 15 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 71 16 normalized normalized JJ work_27j75zbdvbduhd2fxzmr2pewhy 71 17 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 71 18 be be VB work_27j75zbdvbduhd2fxzmr2pewhy 71 19 zero zero CD work_27j75zbdvbduhd2fxzmr2pewhy 71 20 . . . work_27j75zbdvbduhd2fxzmr2pewhy 72 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 72 2 per per FW work_27j75zbdvbduhd2fxzmr2pewhy 72 3 share share NN work_27j75zbdvbduhd2fxzmr2pewhy 72 4 random random JJ work_27j75zbdvbduhd2fxzmr2pewhy 72 5 payoff payoff NN work_27j75zbdvbduhd2fxzmr2pewhy 72 6 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 72 7 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 72 8 firm firm NN work_27j75zbdvbduhd2fxzmr2pewhy 72 9 ’s ’s POS work_27j75zbdvbduhd2fxzmr2pewhy 72 10 stocks stock NNS work_27j75zbdvbduhd2fxzmr2pewhy 72 11 , , , work_27j75zbdvbduhd2fxzmr2pewhy 72 12 denoted denote VBN work_27j75zbdvbduhd2fxzmr2pewhy 72 13 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 72 14 θ θ NNP work_27j75zbdvbduhd2fxzmr2pewhy 72 15 , , , work_27j75zbdvbduhd2fxzmr2pewhy 72 16 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 72 17 unknown unknown JJ work_27j75zbdvbduhd2fxzmr2pewhy 72 18 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 72 19 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 72 20 until until IN work_27j75zbdvbduhd2fxzmr2pewhy 72 21 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 72 22 end end NN work_27j75zbdvbduhd2fxzmr2pewhy 72 23 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 72 24 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 72 25 last last JJ work_27j75zbdvbduhd2fxzmr2pewhy 72 26 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 72 27 . . . work_27j75zbdvbduhd2fxzmr2pewhy 73 1 Investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 73 2 ’ ’ POS work_27j75zbdvbduhd2fxzmr2pewhy 73 3 short short JJ work_27j75zbdvbduhd2fxzmr2pewhy 73 4 horizons horizon NNS work_27j75zbdvbduhd2fxzmr2pewhy 73 5 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 73 6 characterized characterize VBN work_27j75zbdvbduhd2fxzmr2pewhy 73 7 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 73 8 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 73 9 overlapping overlap VBG work_27j75zbdvbduhd2fxzmr2pewhy 73 10 generations generation NNS work_27j75zbdvbduhd2fxzmr2pewhy 73 11 assumption assumption NN work_27j75zbdvbduhd2fxzmr2pewhy 73 12 . . . work_27j75zbdvbduhd2fxzmr2pewhy 74 1 There there EX work_27j75zbdvbduhd2fxzmr2pewhy 74 2 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 74 3 two two CD work_27j75zbdvbduhd2fxzmr2pewhy 74 4 generations generation NNS work_27j75zbdvbduhd2fxzmr2pewhy 74 5 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 74 6 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 74 7 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 74 8 each each DT work_27j75zbdvbduhd2fxzmr2pewhy 74 9 generation generation NN work_27j75zbdvbduhd2fxzmr2pewhy 74 10 have have VBP work_27j75zbdvbduhd2fxzmr2pewhy 74 11 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 74 12 continuum continuum NN work_27j75zbdvbduhd2fxzmr2pewhy 74 13 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 74 14 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 74 15 indexed index VBN work_27j75zbdvbduhd2fxzmr2pewhy 74 16 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 74 17 an an DT work_27j75zbdvbduhd2fxzmr2pewhy 74 18 interval interval NN work_27j75zbdvbduhd2fxzmr2pewhy 74 19 [ [ -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 74 20 0,1 0,1 NFP work_27j75zbdvbduhd2fxzmr2pewhy 74 21 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 74 22 . . . work_27j75zbdvbduhd2fxzmr2pewhy 75 1 Each each DT work_27j75zbdvbduhd2fxzmr2pewhy 75 2 generation generation NN work_27j75zbdvbduhd2fxzmr2pewhy 75 3 only only RB work_27j75zbdvbduhd2fxzmr2pewhy 75 4 live live VBP work_27j75zbdvbduhd2fxzmr2pewhy 75 5 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 75 6 one one CD work_27j75zbdvbduhd2fxzmr2pewhy 75 7 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 75 8 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 75 9 transfer transfer VB work_27j75zbdvbduhd2fxzmr2pewhy 75 10 their -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 75 11 ownership ownership NN work_27j75zbdvbduhd2fxzmr2pewhy 75 12 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 75 13 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 75 14 firm firm NN work_27j75zbdvbduhd2fxzmr2pewhy 75 15 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 75 16 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 75 17 next next JJ work_27j75zbdvbduhd2fxzmr2pewhy 75 18 generation generation NN work_27j75zbdvbduhd2fxzmr2pewhy 75 19 through through IN work_27j75zbdvbduhd2fxzmr2pewhy 75 20 trading trading NN work_27j75zbdvbduhd2fxzmr2pewhy 75 21 . . . work_27j75zbdvbduhd2fxzmr2pewhy 76 1 Young young JJ work_27j75zbdvbduhd2fxzmr2pewhy 76 2 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 76 3 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 76 4 born bear VBN work_27j75zbdvbduhd2fxzmr2pewhy 76 5 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 76 6 endowment endowment NN work_27j75zbdvbduhd2fxzmr2pewhy 76 7 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 76 8 save save VB work_27j75zbdvbduhd2fxzmr2pewhy 76 9 through through IN work_27j75zbdvbduhd2fxzmr2pewhy 76 10 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 76 11 5 5 CD work_27j75zbdvbduhd2fxzmr2pewhy 76 12 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 76 13 ; ; : work_27j75zbdvbduhd2fxzmr2pewhy 76 14 at at IN work_27j75zbdvbduhd2fxzmr2pewhy 76 15 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 76 16 end end NN work_27j75zbdvbduhd2fxzmr2pewhy 76 17 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 76 18 their -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 76 19 life life NN work_27j75zbdvbduhd2fxzmr2pewhy 76 20 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 76 21 , , , work_27j75zbdvbduhd2fxzmr2pewhy 76 22 they -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 76 23 become become VBP work_27j75zbdvbduhd2fxzmr2pewhy 76 24 old old JJ work_27j75zbdvbduhd2fxzmr2pewhy 76 25 , , , work_27j75zbdvbduhd2fxzmr2pewhy 76 26 sell sell VBP work_27j75zbdvbduhd2fxzmr2pewhy 76 27 their -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 76 28 stocks stock NNS work_27j75zbdvbduhd2fxzmr2pewhy 76 29 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 76 30 consume consume VB work_27j75zbdvbduhd2fxzmr2pewhy 76 31 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 76 32 proceeds proceed NNS work_27j75zbdvbduhd2fxzmr2pewhy 76 33 . . . work_27j75zbdvbduhd2fxzmr2pewhy 77 1 For for IN work_27j75zbdvbduhd2fxzmr2pewhy 77 2 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 77 3 purpose purpose NN work_27j75zbdvbduhd2fxzmr2pewhy 77 4 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 77 5 this this DT work_27j75zbdvbduhd2fxzmr2pewhy 77 6 study study NN work_27j75zbdvbduhd2fxzmr2pewhy 77 7 , , , work_27j75zbdvbduhd2fxzmr2pewhy 77 8 I -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 77 9 end end VBP work_27j75zbdvbduhd2fxzmr2pewhy 77 10 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 77 11 overlapping overlapping NN work_27j75zbdvbduhd2fxzmr2pewhy 77 12 generations generation NNS work_27j75zbdvbduhd2fxzmr2pewhy 77 13 cycle cycle NN work_27j75zbdvbduhd2fxzmr2pewhy 77 14 at at IN work_27j75zbdvbduhd2fxzmr2pewhy 77 15 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 77 16 end end NN work_27j75zbdvbduhd2fxzmr2pewhy 77 17 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 77 18 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 77 19 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 77 20 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 77 21 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 77 22 liquidation liquidation NN work_27j75zbdvbduhd2fxzmr2pewhy 77 23 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 77 24 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 77 25 firm firm NN work_27j75zbdvbduhd2fxzmr2pewhy 77 26 . . . work_27j75zbdvbduhd2fxzmr2pewhy 78 1 Figure figure NN work_27j75zbdvbduhd2fxzmr2pewhy 78 2 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 78 3 describes describe VBZ work_27j75zbdvbduhd2fxzmr2pewhy 78 4 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 78 5 time time NN work_27j75zbdvbduhd2fxzmr2pewhy 78 6 line line NN work_27j75zbdvbduhd2fxzmr2pewhy 78 7 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 78 8 events event NNS work_27j75zbdvbduhd2fxzmr2pewhy 78 9 . . . work_27j75zbdvbduhd2fxzmr2pewhy 79 1 F f NN work_27j75zbdvbduhd2fxzmr2pewhy 79 2 igure igure NN work_27j75zbdvbduhd2fxzmr2pewhy 79 3 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 79 4 T t NN work_27j75zbdvbduhd2fxzmr2pewhy 79 5 he -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 79 6 T t NN work_27j75zbdvbduhd2fxzmr2pewhy 79 7 ime ime NN work_27j75zbdvbduhd2fxzmr2pewhy 79 8 Line Line NNP work_27j75zbdvbduhd2fxzmr2pewhy 79 9 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 79 10 Events event NNS work_27j75zbdvbduhd2fxzmr2pewhy 79 11 t t NN work_27j75zbdvbduhd2fxzmr2pewhy 79 12 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 79 13 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 79 14 P p NN work_27j75zbdvbduhd2fxzmr2pewhy 79 15 ublic ublic JJ work_27j75zbdvbduhd2fxzmr2pewhy 79 16 inf inf NN work_27j75zbdvbduhd2fxzmr2pewhy 79 17 ormation ormation NN work_27j75zbdvbduhd2fxzmr2pewhy 79 18 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 79 19 disclosed disclose VBN work_27j75zbdvbduhd2fxzmr2pewhy 79 20 ; ; : work_27j75zbdvbduhd2fxzmr2pewhy 79 21 Y Y NNP work_27j75zbdvbduhd2fxzmr2pewhy 79 22 oung oung JJ work_27j75zbdvbduhd2fxzmr2pewhy 79 23 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 79 24 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 79 25 born bear VBN work_27j75zbdvbduhd2fxzmr2pewhy 79 26 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 79 27 private private JJ work_27j75zbdvbduhd2fxzmr2pewhy 79 28 inf inf NN work_27j75zbdvbduhd2fxzmr2pewhy 79 29 ormation ormation NN work_27j75zbdvbduhd2fxzmr2pewhy 79 30 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 79 31 wealth wealth NN work_27j75zbdvbduhd2fxzmr2pewhy 79 32 ; ; : work_27j75zbdvbduhd2fxzmr2pewhy 79 33 T T NNP work_27j75zbdvbduhd2fxzmr2pewhy 79 34 hey hey NN work_27j75zbdvbduhd2fxzmr2pewhy 79 35 buy buy VBP work_27j75zbdvbduhd2fxzmr2pewhy 79 36 stocks stock NNS work_27j75zbdvbduhd2fxzmr2pewhy 79 37 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 79 38 order order NN work_27j75zbdvbduhd2fxzmr2pewhy 79 39 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 79 40 resell resell VB work_27j75zbdvbduhd2fxzmr2pewhy 79 41 them -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 79 42 at at IN work_27j75zbdvbduhd2fxzmr2pewhy 79 43 t t NN work_27j75zbdvbduhd2fxzmr2pewhy 79 44 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 79 45 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 79 46 . . . work_27j75zbdvbduhd2fxzmr2pewhy 80 1 t t NNP work_27j75zbdvbduhd2fxzmr2pewhy 80 2 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 80 3 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 80 4 A a DT work_27j75zbdvbduhd2fxzmr2pewhy 80 5 new new JJ work_27j75zbdvbduhd2fxzmr2pewhy 80 6 generation generation NN work_27j75zbdvbduhd2fxzmr2pewhy 80 7 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 80 8 young young JJ work_27j75zbdvbduhd2fxzmr2pewhy 80 9 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 80 10 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 80 11 born bear VBN work_27j75zbdvbduhd2fxzmr2pewhy 80 12 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 80 13 private private JJ work_27j75zbdvbduhd2fxzmr2pewhy 80 14 inf inf NN work_27j75zbdvbduhd2fxzmr2pewhy 80 15 ormation ormation NN work_27j75zbdvbduhd2fxzmr2pewhy 80 16 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 80 17 wealth wealth NN work_27j75zbdvbduhd2fxzmr2pewhy 80 18 ; ; : work_27j75zbdvbduhd2fxzmr2pewhy 80 19 T T NNP work_27j75zbdvbduhd2fxzmr2pewhy 80 20 hey hey NN work_27j75zbdvbduhd2fxzmr2pewhy 80 21 buy buy VBP work_27j75zbdvbduhd2fxzmr2pewhy 80 22 stocks stock NNS work_27j75zbdvbduhd2fxzmr2pewhy 80 23 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 80 24 order order NN work_27j75zbdvbduhd2fxzmr2pewhy 80 25 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 80 26 liquidate liquidate VB work_27j75zbdvbduhd2fxzmr2pewhy 80 27 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 80 28 f f NNP work_27j75zbdvbduhd2fxzmr2pewhy 80 29 irm irm NNP work_27j75zbdvbduhd2fxzmr2pewhy 80 30 at at IN work_27j75zbdvbduhd2fxzmr2pewhy 80 31 t t NNP work_27j75zbdvbduhd2fxzmr2pewhy 80 32 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 80 33 3 3 CD work_27j75zbdvbduhd2fxzmr2pewhy 80 34 . . . work_27j75zbdvbduhd2fxzmr2pewhy 81 1 t t NNP work_27j75zbdvbduhd2fxzmr2pewhy 81 2 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 81 3 3 3 CD work_27j75zbdvbduhd2fxzmr2pewhy 81 4 T t NN work_27j75zbdvbduhd2fxzmr2pewhy 81 5 he -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 81 6 f f NNP work_27j75zbdvbduhd2fxzmr2pewhy 81 7 irm irm NNP work_27j75zbdvbduhd2fxzmr2pewhy 81 8 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 81 9 liquidated liquidate VBN work_27j75zbdvbduhd2fxzmr2pewhy 81 10 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 81 11 θ θ NNP work_27j75zbdvbduhd2fxzmr2pewhy 81 12 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 81 13 revealed reveal VBN work_27j75zbdvbduhd2fxzmr2pewhy 81 14 . . . work_27j75zbdvbduhd2fxzmr2pewhy 82 1 Investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 82 2 have have VBP work_27j75zbdvbduhd2fxzmr2pewhy 82 3 access access NN work_27j75zbdvbduhd2fxzmr2pewhy 82 4 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 82 5 both both CC work_27j75zbdvbduhd2fxzmr2pewhy 82 6 private private JJ work_27j75zbdvbduhd2fxzmr2pewhy 82 7 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 82 8 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 82 9 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 82 10 , , , work_27j75zbdvbduhd2fxzmr2pewhy 82 11 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 82 12 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 82 13 later later RB work_27j75zbdvbduhd2fxzmr2pewhy 82 14 disclosed disclose VBN work_27j75zbdvbduhd2fxzmr2pewhy 82 15 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 82 16 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 82 17 firm firm NN work_27j75zbdvbduhd2fxzmr2pewhy 82 18 . . . work_27j75zbdvbduhd2fxzmr2pewhy 83 1 Conditional conditional JJ work_27j75zbdvbduhd2fxzmr2pewhy 83 2 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 83 3 θ θ NNP work_27j75zbdvbduhd2fxzmr2pewhy 83 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 83 5 each each DT work_27j75zbdvbduhd2fxzmr2pewhy 83 6 investor investor NN work_27j75zbdvbduhd2fxzmr2pewhy 83 7 i i PRP work_27j75zbdvbduhd2fxzmr2pewhy 83 8 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 83 9 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 83 10 t t NNP work_27j75zbdvbduhd2fxzmr2pewhy 83 11 receives receive VBZ work_27j75zbdvbduhd2fxzmr2pewhy 83 12 an an DT work_27j75zbdvbduhd2fxzmr2pewhy 83 13 independent independent JJ work_27j75zbdvbduhd2fxzmr2pewhy 83 14 private private JJ work_27j75zbdvbduhd2fxzmr2pewhy 83 15 signal signal NN work_27j75zbdvbduhd2fxzmr2pewhy 83 16 x̃ti x̃ti NNP work_27j75zbdvbduhd2fxzmr2pewhy 83 17 , , , work_27j75zbdvbduhd2fxzmr2pewhy 83 18 t t NNP work_27j75zbdvbduhd2fxzmr2pewhy 83 19 ∈ ∈ NNP work_27j75zbdvbduhd2fxzmr2pewhy 83 20 { { -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 83 21 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 83 22 , , , work_27j75zbdvbduhd2fxzmr2pewhy 83 23 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 83 24 } } -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 83 25 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 83 26 i i PRP work_27j75zbdvbduhd2fxzmr2pewhy 83 27 ∈ ∈ VBP work_27j75zbdvbduhd2fxzmr2pewhy 83 28 [ [ -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 83 29 0 0 CD work_27j75zbdvbduhd2fxzmr2pewhy 83 30 , , , work_27j75zbdvbduhd2fxzmr2pewhy 83 31 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 83 32 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 83 33 , , , work_27j75zbdvbduhd2fxzmr2pewhy 83 34 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 83 35 precision precision NN work_27j75zbdvbduhd2fxzmr2pewhy 83 36 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 83 37 . . . work_27j75zbdvbduhd2fxzmr2pewhy 84 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 84 2 realization realization NN work_27j75zbdvbduhd2fxzmr2pewhy 84 3 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 84 4 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 84 5 private private JJ work_27j75zbdvbduhd2fxzmr2pewhy 84 6 signal signal NN work_27j75zbdvbduhd2fxzmr2pewhy 84 7 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 84 8 xti xti NN work_27j75zbdvbduhd2fxzmr2pewhy 84 9 . . . work_27j75zbdvbduhd2fxzmr2pewhy 85 1 x̃ti x̃ti NNP work_27j75zbdvbduhd2fxzmr2pewhy 85 2 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 85 3 θ θ NNP work_27j75zbdvbduhd2fxzmr2pewhy 85 4 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 85 5 ǫ̃ti ǫ̃ti NN work_27j75zbdvbduhd2fxzmr2pewhy 85 6 , , , work_27j75zbdvbduhd2fxzmr2pewhy 85 7 ǫ̃ti ǫ̃ti NN work_27j75zbdvbduhd2fxzmr2pewhy 85 8 ∼ ∼ NN work_27j75zbdvbduhd2fxzmr2pewhy 85 9 N n NN work_27j75zbdvbduhd2fxzmr2pewhy 85 10 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 85 11 0 0 CD work_27j75zbdvbduhd2fxzmr2pewhy 85 12 , , , work_27j75zbdvbduhd2fxzmr2pewhy 85 13 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 85 14 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 85 15 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 85 16 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 85 17 1 1 LS work_27j75zbdvbduhd2fxzmr2pewhy 85 18 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 85 19 Note note VB work_27j75zbdvbduhd2fxzmr2pewhy 85 20 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 85 21 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 85 22 aggregate aggregate JJ work_27j75zbdvbduhd2fxzmr2pewhy 85 23 private private JJ work_27j75zbdvbduhd2fxzmr2pewhy 85 24 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 85 25 fully fully RB work_27j75zbdvbduhd2fxzmr2pewhy 85 26 reveals reveal VBZ work_27j75zbdvbduhd2fxzmr2pewhy 85 27 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 85 28 fundamental fundamental JJ work_27j75zbdvbduhd2fxzmr2pewhy 85 29 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 85 30 , , , work_27j75zbdvbduhd2fxzmr2pewhy 85 31 due due IN work_27j75zbdvbduhd2fxzmr2pewhy 85 32 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 85 33 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 85 34 assumption assumption NN work_27j75zbdvbduhd2fxzmr2pewhy 85 35 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 85 36 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 85 37 competitive competitive JJ work_27j75zbdvbduhd2fxzmr2pewhy 85 38 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 85 39 . . . work_27j75zbdvbduhd2fxzmr2pewhy 86 1 This this DT work_27j75zbdvbduhd2fxzmr2pewhy 86 2 design design NN work_27j75zbdvbduhd2fxzmr2pewhy 86 3 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 86 4 only only RB work_27j75zbdvbduhd2fxzmr2pewhy 86 5 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 86 6 convenience convenience NN work_27j75zbdvbduhd2fxzmr2pewhy 86 7 . . . work_27j75zbdvbduhd2fxzmr2pewhy 87 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 87 2 general general JJ work_27j75zbdvbduhd2fxzmr2pewhy 87 3 results result NNS work_27j75zbdvbduhd2fxzmr2pewhy 87 4 hold hold VBP work_27j75zbdvbduhd2fxzmr2pewhy 87 5 if if IN work_27j75zbdvbduhd2fxzmr2pewhy 87 6 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 87 7 pooling pooling NN work_27j75zbdvbduhd2fxzmr2pewhy 87 8 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 87 9 private private JJ work_27j75zbdvbduhd2fxzmr2pewhy 87 10 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 87 11 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 87 12 not not RB work_27j75zbdvbduhd2fxzmr2pewhy 87 13 perfect perfect JJ work_27j75zbdvbduhd2fxzmr2pewhy 87 14 . . . work_27j75zbdvbduhd2fxzmr2pewhy 88 1 We -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 88 2 can can MD work_27j75zbdvbduhd2fxzmr2pewhy 88 3 either either CC work_27j75zbdvbduhd2fxzmr2pewhy 88 4 use use VB work_27j75zbdvbduhd2fxzmr2pewhy 88 5 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 88 6 finite finite JJ work_27j75zbdvbduhd2fxzmr2pewhy 88 7 number number NN work_27j75zbdvbduhd2fxzmr2pewhy 88 8 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 88 9 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 88 10 or or CC work_27j75zbdvbduhd2fxzmr2pewhy 88 11 assume assume VB work_27j75zbdvbduhd2fxzmr2pewhy 88 12 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 88 13 common common JJ work_27j75zbdvbduhd2fxzmr2pewhy 88 14 error error NN work_27j75zbdvbduhd2fxzmr2pewhy 88 15 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 88 16 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 88 17 ’ ’ POS work_27j75zbdvbduhd2fxzmr2pewhy 88 18 private private JJ work_27j75zbdvbduhd2fxzmr2pewhy 88 19 signals signal NNS work_27j75zbdvbduhd2fxzmr2pewhy 88 20 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 88 21 prevent prevent VB work_27j75zbdvbduhd2fxzmr2pewhy 88 22 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 88 23 pooling pooling NN work_27j75zbdvbduhd2fxzmr2pewhy 88 24 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 88 25 private private JJ work_27j75zbdvbduhd2fxzmr2pewhy 88 26 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 88 27 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 88 28 fully fully RB work_27j75zbdvbduhd2fxzmr2pewhy 88 29 revealing reveal VBG work_27j75zbdvbduhd2fxzmr2pewhy 88 30 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 88 31 fundamental fundamental JJ work_27j75zbdvbduhd2fxzmr2pewhy 88 32 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 88 33 . . . work_27j75zbdvbduhd2fxzmr2pewhy 89 1 At at IN work_27j75zbdvbduhd2fxzmr2pewhy 89 2 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 89 3 beginning beginning NN work_27j75zbdvbduhd2fxzmr2pewhy 89 4 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 89 5 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 89 6 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 89 7 , , , work_27j75zbdvbduhd2fxzmr2pewhy 89 8 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 89 9 firm firm NN work_27j75zbdvbduhd2fxzmr2pewhy 89 10 discloses disclose VBZ work_27j75zbdvbduhd2fxzmr2pewhy 89 11 an an DT work_27j75zbdvbduhd2fxzmr2pewhy 89 12 independent independent JJ work_27j75zbdvbduhd2fxzmr2pewhy 89 13 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 89 14 signal signal NN work_27j75zbdvbduhd2fxzmr2pewhy 89 15 , , , work_27j75zbdvbduhd2fxzmr2pewhy 89 16 z̃ z̃ NNP work_27j75zbdvbduhd2fxzmr2pewhy 89 17 , , , work_27j75zbdvbduhd2fxzmr2pewhy 89 18 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 89 19 precision precision NN work_27j75zbdvbduhd2fxzmr2pewhy 89 20 6 6 CD work_27j75zbdvbduhd2fxzmr2pewhy 89 21 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 89 22 . . . work_27j75zbdvbduhd2fxzmr2pewhy 90 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 90 2 realization realization NN work_27j75zbdvbduhd2fxzmr2pewhy 90 3 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 90 4 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 90 5 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 90 6 signal signal NN work_27j75zbdvbduhd2fxzmr2pewhy 90 7 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 90 8 z. z. NNP work_27j75zbdvbduhd2fxzmr2pewhy 90 9 z̃ z̃ NNP work_27j75zbdvbduhd2fxzmr2pewhy 90 10 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 90 11 θ θ NNP work_27j75zbdvbduhd2fxzmr2pewhy 90 12 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 90 13 ǫ̃z ǫ̃z NNP work_27j75zbdvbduhd2fxzmr2pewhy 90 14 , , , work_27j75zbdvbduhd2fxzmr2pewhy 90 15 ǫ̃z ǫ̃z NN work_27j75zbdvbduhd2fxzmr2pewhy 90 16 ∼ ∼ NN work_27j75zbdvbduhd2fxzmr2pewhy 90 17 N n NN work_27j75zbdvbduhd2fxzmr2pewhy 90 18 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 90 19 0 0 CD work_27j75zbdvbduhd2fxzmr2pewhy 90 20 , , , work_27j75zbdvbduhd2fxzmr2pewhy 90 21 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 90 22 α α CD work_27j75zbdvbduhd2fxzmr2pewhy 90 23 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 90 24 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 90 25 2 2 LS work_27j75zbdvbduhd2fxzmr2pewhy 90 26 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 90 27 Although although IN work_27j75zbdvbduhd2fxzmr2pewhy 90 28 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 90 29 only only JJ work_27j75zbdvbduhd2fxzmr2pewhy 90 30 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 90 31 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 90 32 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 90 33 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 90 34 model model NN work_27j75zbdvbduhd2fxzmr2pewhy 90 35 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 90 36 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 90 37 firm firm NN work_27j75zbdvbduhd2fxzmr2pewhy 90 38 ’s ’s POS work_27j75zbdvbduhd2fxzmr2pewhy 90 39 disclosure disclosure NN work_27j75zbdvbduhd2fxzmr2pewhy 90 40 , , , work_27j75zbdvbduhd2fxzmr2pewhy 90 41 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 90 42 main main JJ work_27j75zbdvbduhd2fxzmr2pewhy 90 43 results result NNS work_27j75zbdvbduhd2fxzmr2pewhy 90 44 still still RB work_27j75zbdvbduhd2fxzmr2pewhy 90 45 hold hold VBP work_27j75zbdvbduhd2fxzmr2pewhy 90 46 if if IN work_27j75zbdvbduhd2fxzmr2pewhy 90 47 other other JJ work_27j75zbdvbduhd2fxzmr2pewhy 90 48 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 90 49 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 90 50 sources source NNS work_27j75zbdvbduhd2fxzmr2pewhy 90 51 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 90 52 modeled model VBN work_27j75zbdvbduhd2fxzmr2pewhy 90 53 . . . work_27j75zbdvbduhd2fxzmr2pewhy 91 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 91 2 linear linear JJ work_27j75zbdvbduhd2fxzmr2pewhy 91 3 property property NN work_27j75zbdvbduhd2fxzmr2pewhy 91 4 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 91 5 multivariate multivariate JJ work_27j75zbdvbduhd2fxzmr2pewhy 91 6 normal normal JJ work_27j75zbdvbduhd2fxzmr2pewhy 91 7 distribution distribution NN work_27j75zbdvbduhd2fxzmr2pewhy 91 8 allows allow VBZ work_27j75zbdvbduhd2fxzmr2pewhy 91 9 other other JJ work_27j75zbdvbduhd2fxzmr2pewhy 91 10 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 91 11 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 91 12 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 91 13 be be VB work_27j75zbdvbduhd2fxzmr2pewhy 91 14 summarized summarize VBN work_27j75zbdvbduhd2fxzmr2pewhy 91 15 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 91 16 α α PRP work_27j75zbdvbduhd2fxzmr2pewhy 91 17 . . . work_27j75zbdvbduhd2fxzmr2pewhy 92 1 More More JJR work_27j75zbdvbduhd2fxzmr2pewhy 92 2 other other JJ work_27j75zbdvbduhd2fxzmr2pewhy 92 3 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 92 4 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 92 5 indicates indicate VBZ work_27j75zbdvbduhd2fxzmr2pewhy 92 6 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 92 7 higher high JJR work_27j75zbdvbduhd2fxzmr2pewhy 92 8 lower low JJR work_27j75zbdvbduhd2fxzmr2pewhy 92 9 bound bind VBN work_27j75zbdvbduhd2fxzmr2pewhy 92 10 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 92 11 α α XX work_27j75zbdvbduhd2fxzmr2pewhy 92 12 . . . work_27j75zbdvbduhd2fxzmr2pewhy 93 1 Similarly similarly RB work_27j75zbdvbduhd2fxzmr2pewhy 93 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 93 3 allowing allow VBG work_27j75zbdvbduhd2fxzmr2pewhy 93 4 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 93 5 firm firm NN work_27j75zbdvbduhd2fxzmr2pewhy 93 6 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 93 7 disclose disclose VB work_27j75zbdvbduhd2fxzmr2pewhy 93 8 another another DT work_27j75zbdvbduhd2fxzmr2pewhy 93 9 independent independent JJ work_27j75zbdvbduhd2fxzmr2pewhy 93 10 signal signal NN work_27j75zbdvbduhd2fxzmr2pewhy 93 11 at at IN work_27j75zbdvbduhd2fxzmr2pewhy 93 12 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 93 13 beginning beginning NN work_27j75zbdvbduhd2fxzmr2pewhy 93 14 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 93 15 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 93 16 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 93 17 does do VBZ work_27j75zbdvbduhd2fxzmr2pewhy 93 18 not not RB work_27j75zbdvbduhd2fxzmr2pewhy 93 19 affect affect VB work_27j75zbdvbduhd2fxzmr2pewhy 93 20 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 93 21 main main JJ work_27j75zbdvbduhd2fxzmr2pewhy 93 22 results result NNS work_27j75zbdvbduhd2fxzmr2pewhy 93 23 , , , work_27j75zbdvbduhd2fxzmr2pewhy 93 24 either either RB work_27j75zbdvbduhd2fxzmr2pewhy 93 25 . . . work_27j75zbdvbduhd2fxzmr2pewhy 94 1 While while IN work_27j75zbdvbduhd2fxzmr2pewhy 94 2 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 94 3 firm firm NN work_27j75zbdvbduhd2fxzmr2pewhy 94 4 could could MD work_27j75zbdvbduhd2fxzmr2pewhy 94 5 make make VB work_27j75zbdvbduhd2fxzmr2pewhy 94 6 its -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 94 7 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 94 8 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 94 9 according accord VBG work_27j75zbdvbduhd2fxzmr2pewhy 94 10 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 94 11 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 94 12 pre pre JJ work_27j75zbdvbduhd2fxzmr2pewhy 94 13 - - JJ work_27j75zbdvbduhd2fxzmr2pewhy 94 14 announced announced JJ work_27j75zbdvbduhd2fxzmr2pewhy 94 15 disclosure disclosure NN work_27j75zbdvbduhd2fxzmr2pewhy 94 16 policy policy NN work_27j75zbdvbduhd2fxzmr2pewhy 94 17 , , , work_27j75zbdvbduhd2fxzmr2pewhy 94 18 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 94 19 can can MD work_27j75zbdvbduhd2fxzmr2pewhy 94 20 not not RB work_27j75zbdvbduhd2fxzmr2pewhy 94 21 communicate communicate VB work_27j75zbdvbduhd2fxzmr2pewhy 94 22 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 94 23 each each DT work_27j75zbdvbduhd2fxzmr2pewhy 94 24 other other JJ work_27j75zbdvbduhd2fxzmr2pewhy 94 25 except except IN work_27j75zbdvbduhd2fxzmr2pewhy 94 26 through through IN work_27j75zbdvbduhd2fxzmr2pewhy 94 27 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 94 28 price.2 price.2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 94 29 Investors Investors NNPS work_27j75zbdvbduhd2fxzmr2pewhy 94 30 learn learn VBP work_27j75zbdvbduhd2fxzmr2pewhy 94 31 about about IN work_27j75zbdvbduhd2fxzmr2pewhy 94 32 other other JJ work_27j75zbdvbduhd2fxzmr2pewhy 94 33 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 94 34 ’ ’ POS work_27j75zbdvbduhd2fxzmr2pewhy 94 35 private private JJ work_27j75zbdvbduhd2fxzmr2pewhy 94 36 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 94 37 through through IN work_27j75zbdvbduhd2fxzmr2pewhy 94 38 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 94 39 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 94 40 . . . work_27j75zbdvbduhd2fxzmr2pewhy 95 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 95 2 learning learning NN work_27j75zbdvbduhd2fxzmr2pewhy 95 3 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 95 4 not not RB work_27j75zbdvbduhd2fxzmr2pewhy 95 5 perfect perfect JJ work_27j75zbdvbduhd2fxzmr2pewhy 95 6 because because IN work_27j75zbdvbduhd2fxzmr2pewhy 95 7 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 95 8 prices price NNS work_27j75zbdvbduhd2fxzmr2pewhy 95 9 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 95 10 contaminated contaminate VBN work_27j75zbdvbduhd2fxzmr2pewhy 95 11 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 95 12 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 95 13 irrelevant irrelevant JJ work_27j75zbdvbduhd2fxzmr2pewhy 95 14 trading trading NN work_27j75zbdvbduhd2fxzmr2pewhy 95 15 . . . work_27j75zbdvbduhd2fxzmr2pewhy 96 1 Following follow VBG work_27j75zbdvbduhd2fxzmr2pewhy 96 2 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 96 3 tradition tradition NN work_27j75zbdvbduhd2fxzmr2pewhy 96 4 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 96 5 Grossman Grossman NNP work_27j75zbdvbduhd2fxzmr2pewhy 96 6 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 96 7 Stiglitz Stiglitz NNP work_27j75zbdvbduhd2fxzmr2pewhy 96 8 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 96 9 1980 1980 CD work_27j75zbdvbduhd2fxzmr2pewhy 96 10 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 96 11 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 96 12 Diamond Diamond NNP work_27j75zbdvbduhd2fxzmr2pewhy 96 13 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 96 14 Verrecchia Verrecchia NNP work_27j75zbdvbduhd2fxzmr2pewhy 96 15 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 96 16 1981 1981 CD work_27j75zbdvbduhd2fxzmr2pewhy 96 17 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 96 18 , , , work_27j75zbdvbduhd2fxzmr2pewhy 96 19 I -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 96 20 use use VBP work_27j75zbdvbduhd2fxzmr2pewhy 96 21 supply supply NN work_27j75zbdvbduhd2fxzmr2pewhy 96 22 noise noise NN work_27j75zbdvbduhd2fxzmr2pewhy 96 23 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 96 24 summarize summarize VB work_27j75zbdvbduhd2fxzmr2pewhy 96 25 all all DT work_27j75zbdvbduhd2fxzmr2pewhy 96 26 forces force NNS work_27j75zbdvbduhd2fxzmr2pewhy 96 27 other other JJ work_27j75zbdvbduhd2fxzmr2pewhy 96 28 than than IN work_27j75zbdvbduhd2fxzmr2pewhy 96 29 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 96 30 that that WDT work_27j75zbdvbduhd2fxzmr2pewhy 96 31 affect affect VBP work_27j75zbdvbduhd2fxzmr2pewhy 96 32 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 96 33 prices price NNS work_27j75zbdvbduhd2fxzmr2pewhy 96 34 . . . work_27j75zbdvbduhd2fxzmr2pewhy 97 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 97 2 random random JJ work_27j75zbdvbduhd2fxzmr2pewhy 97 3 per per FW work_27j75zbdvbduhd2fxzmr2pewhy 97 4 capita capita FW work_27j75zbdvbduhd2fxzmr2pewhy 97 5 supply supply NN work_27j75zbdvbduhd2fxzmr2pewhy 97 6 noise noise NN work_27j75zbdvbduhd2fxzmr2pewhy 97 7 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 97 8 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 97 9 firm firm NN work_27j75zbdvbduhd2fxzmr2pewhy 97 10 ’s ’s POS work_27j75zbdvbduhd2fxzmr2pewhy 97 11 shares share NNS work_27j75zbdvbduhd2fxzmr2pewhy 97 12 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 97 13 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 97 14 t t NNP work_27j75zbdvbduhd2fxzmr2pewhy 97 15 , , , work_27j75zbdvbduhd2fxzmr2pewhy 97 16 s̃t s̃t NNP work_27j75zbdvbduhd2fxzmr2pewhy 97 17 , , , work_27j75zbdvbduhd2fxzmr2pewhy 97 18 t t NNP work_27j75zbdvbduhd2fxzmr2pewhy 97 19 ∈ ∈ NNP work_27j75zbdvbduhd2fxzmr2pewhy 97 20 { { -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 97 21 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 97 22 , , , work_27j75zbdvbduhd2fxzmr2pewhy 97 23 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 97 24 } } -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 97 25 , , , work_27j75zbdvbduhd2fxzmr2pewhy 97 26 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 97 27 normally normally RB work_27j75zbdvbduhd2fxzmr2pewhy 97 28 distributed distribute VBN work_27j75zbdvbduhd2fxzmr2pewhy 97 29 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 97 30 mean mean JJ work_27j75zbdvbduhd2fxzmr2pewhy 97 31 zero zero CD work_27j75zbdvbduhd2fxzmr2pewhy 97 32 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 97 33 precision precision NNP work_27j75zbdvbduhd2fxzmr2pewhy 97 34 γt γt NNP work_27j75zbdvbduhd2fxzmr2pewhy 97 35 , , , work_27j75zbdvbduhd2fxzmr2pewhy 97 36 respectively respectively RB work_27j75zbdvbduhd2fxzmr2pewhy 97 37 . . . work_27j75zbdvbduhd2fxzmr2pewhy 98 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 98 2 supply supply NN work_27j75zbdvbduhd2fxzmr2pewhy 98 3 shocks shock NNS work_27j75zbdvbduhd2fxzmr2pewhy 98 4 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 98 5 independent independent JJ work_27j75zbdvbduhd2fxzmr2pewhy 98 6 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 98 7 all all DT work_27j75zbdvbduhd2fxzmr2pewhy 98 8 signals signal NNS work_27j75zbdvbduhd2fxzmr2pewhy 98 9 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 98 10 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 98 11 each each DT work_27j75zbdvbduhd2fxzmr2pewhy 98 12 other other JJ work_27j75zbdvbduhd2fxzmr2pewhy 98 13 . . . work_27j75zbdvbduhd2fxzmr2pewhy 99 1 3 3 CD work_27j75zbdvbduhd2fxzmr2pewhy 99 2 A a DT work_27j75zbdvbduhd2fxzmr2pewhy 99 3 typical typical JJ work_27j75zbdvbduhd2fxzmr2pewhy 99 4 investor investor NN work_27j75zbdvbduhd2fxzmr2pewhy 99 5 , , , work_27j75zbdvbduhd2fxzmr2pewhy 99 6 i i PRP work_27j75zbdvbduhd2fxzmr2pewhy 99 7 , , , work_27j75zbdvbduhd2fxzmr2pewhy 99 8 has have VBZ work_27j75zbdvbduhd2fxzmr2pewhy 99 9 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 99 10 CARA CARA NNP work_27j75zbdvbduhd2fxzmr2pewhy 99 11 utility utility NN work_27j75zbdvbduhd2fxzmr2pewhy 99 12 function function NN work_27j75zbdvbduhd2fxzmr2pewhy 99 13 Ui(c Ui(c NNP work_27j75zbdvbduhd2fxzmr2pewhy 99 14 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 99 15 = = NFP work_27j75zbdvbduhd2fxzmr2pewhy 99 16 −e −e CD work_27j75zbdvbduhd2fxzmr2pewhy 99 17 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 99 18 c c NN work_27j75zbdvbduhd2fxzmr2pewhy 99 19 i i NN work_27j75zbdvbduhd2fxzmr2pewhy 99 20 τ τ NN work_27j75zbdvbduhd2fxzmr2pewhy 99 21 2This 2this CD work_27j75zbdvbduhd2fxzmr2pewhy 99 22 paper paper NN work_27j75zbdvbduhd2fxzmr2pewhy 99 23 does do VBZ work_27j75zbdvbduhd2fxzmr2pewhy 99 24 not not RB work_27j75zbdvbduhd2fxzmr2pewhy 99 25 explicitly explicitly RB work_27j75zbdvbduhd2fxzmr2pewhy 99 26 study study VB work_27j75zbdvbduhd2fxzmr2pewhy 99 27 choices choice NNS work_27j75zbdvbduhd2fxzmr2pewhy 99 28 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 99 29 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 99 30 firm firm NN work_27j75zbdvbduhd2fxzmr2pewhy 99 31 ’s ’s POS work_27j75zbdvbduhd2fxzmr2pewhy 99 32 disclosure disclosure NN work_27j75zbdvbduhd2fxzmr2pewhy 99 33 policy policy NN work_27j75zbdvbduhd2fxzmr2pewhy 99 34 . . . work_27j75zbdvbduhd2fxzmr2pewhy 100 1 However however RB work_27j75zbdvbduhd2fxzmr2pewhy 100 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 100 3 given give VBN work_27j75zbdvbduhd2fxzmr2pewhy 100 4 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 100 5 definition definition NN work_27j75zbdvbduhd2fxzmr2pewhy 100 6 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 100 7 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 100 8 , , , work_27j75zbdvbduhd2fxzmr2pewhy 100 9 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 100 10 firm firm NN work_27j75zbdvbduhd2fxzmr2pewhy 100 11 ’s ’s POS work_27j75zbdvbduhd2fxzmr2pewhy 100 12 disclosure disclosure NN work_27j75zbdvbduhd2fxzmr2pewhy 100 13 policy policy NN work_27j75zbdvbduhd2fxzmr2pewhy 100 14 can can MD work_27j75zbdvbduhd2fxzmr2pewhy 100 15 be be VB work_27j75zbdvbduhd2fxzmr2pewhy 100 16 characterized characterize VBN work_27j75zbdvbduhd2fxzmr2pewhy 100 17 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 100 18 choosing choose VBG work_27j75zbdvbduhd2fxzmr2pewhy 100 19 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 100 20 parameter parameter NN work_27j75zbdvbduhd2fxzmr2pewhy 100 21 α α XX work_27j75zbdvbduhd2fxzmr2pewhy 100 22 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 100 23 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 100 24 interval interval NN work_27j75zbdvbduhd2fxzmr2pewhy 100 25 [ [ -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 100 26 0 0 NFP work_27j75zbdvbduhd2fxzmr2pewhy 100 27 , , , work_27j75zbdvbduhd2fxzmr2pewhy 100 28 αmax αmax NNP work_27j75zbdvbduhd2fxzmr2pewhy 100 29 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 100 30 . . . work_27j75zbdvbduhd2fxzmr2pewhy 101 1 A a DT work_27j75zbdvbduhd2fxzmr2pewhy 101 2 choice choice NN work_27j75zbdvbduhd2fxzmr2pewhy 101 3 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 101 4 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 101 5 = = NN work_27j75zbdvbduhd2fxzmr2pewhy 101 6 0 0 CD work_27j75zbdvbduhd2fxzmr2pewhy 101 7 means mean VBZ work_27j75zbdvbduhd2fxzmr2pewhy 101 8 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 101 9 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 101 10 firm firm NN work_27j75zbdvbduhd2fxzmr2pewhy 101 11 does do VBZ work_27j75zbdvbduhd2fxzmr2pewhy 101 12 not not RB work_27j75zbdvbduhd2fxzmr2pewhy 101 13 disclose disclose VB work_27j75zbdvbduhd2fxzmr2pewhy 101 14 anything anything NN work_27j75zbdvbduhd2fxzmr2pewhy 101 15 , , , work_27j75zbdvbduhd2fxzmr2pewhy 101 16 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 101 17 choice choice NN work_27j75zbdvbduhd2fxzmr2pewhy 101 18 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 101 19 α α NNP work_27j75zbdvbduhd2fxzmr2pewhy 101 20 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 101 21 αmax αmax NNP work_27j75zbdvbduhd2fxzmr2pewhy 101 22 indicates indicate VBZ work_27j75zbdvbduhd2fxzmr2pewhy 101 23 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 101 24 policy policy NN work_27j75zbdvbduhd2fxzmr2pewhy 101 25 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 101 26 disclosing disclose VBG work_27j75zbdvbduhd2fxzmr2pewhy 101 27 everything everything NN work_27j75zbdvbduhd2fxzmr2pewhy 101 28 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 101 29 firm firm NN work_27j75zbdvbduhd2fxzmr2pewhy 101 30 knows know VBZ work_27j75zbdvbduhd2fxzmr2pewhy 101 31 , , , work_27j75zbdvbduhd2fxzmr2pewhy 101 32 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 101 33 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 101 34 choice choice NN work_27j75zbdvbduhd2fxzmr2pewhy 101 35 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 101 36 an an DT work_27j75zbdvbduhd2fxzmr2pewhy 101 37 interior interior JJ work_27j75zbdvbduhd2fxzmr2pewhy 101 38 α α NNP work_27j75zbdvbduhd2fxzmr2pewhy 101 39 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 101 40 equivalent equivalent JJ work_27j75zbdvbduhd2fxzmr2pewhy 101 41 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 101 42 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 101 43 partial partial JJ work_27j75zbdvbduhd2fxzmr2pewhy 101 44 disclosure disclosure NN work_27j75zbdvbduhd2fxzmr2pewhy 101 45 policy policy NN work_27j75zbdvbduhd2fxzmr2pewhy 101 46 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 101 47 which which WDT work_27j75zbdvbduhd2fxzmr2pewhy 101 48 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 101 49 firm firm NN work_27j75zbdvbduhd2fxzmr2pewhy 101 50 adds add VBZ work_27j75zbdvbduhd2fxzmr2pewhy 101 51 some some DT work_27j75zbdvbduhd2fxzmr2pewhy 101 52 white white JJ work_27j75zbdvbduhd2fxzmr2pewhy 101 53 noise noise NN work_27j75zbdvbduhd2fxzmr2pewhy 101 54 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 101 55 its -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 101 56 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 101 57 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 101 58 discloses disclose VBZ work_27j75zbdvbduhd2fxzmr2pewhy 101 59 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 101 60 garbled garble VBN work_27j75zbdvbduhd2fxzmr2pewhy 101 61 signal signal NN work_27j75zbdvbduhd2fxzmr2pewhy 101 62 . . . work_27j75zbdvbduhd2fxzmr2pewhy 102 1 3See 3see CD work_27j75zbdvbduhd2fxzmr2pewhy 102 2 Grossman Grossman NNP work_27j75zbdvbduhd2fxzmr2pewhy 102 3 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 102 4 1995 1995 CD work_27j75zbdvbduhd2fxzmr2pewhy 102 5 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 102 6 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 102 7 Black Black NNP work_27j75zbdvbduhd2fxzmr2pewhy 102 8 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 102 9 1986 1986 CD work_27j75zbdvbduhd2fxzmr2pewhy 102 10 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 102 11 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 102 12 discussions discussion NNS work_27j75zbdvbduhd2fxzmr2pewhy 102 13 about about IN work_27j75zbdvbduhd2fxzmr2pewhy 102 14 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 102 15 nature nature NN work_27j75zbdvbduhd2fxzmr2pewhy 102 16 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 102 17 source source NN work_27j75zbdvbduhd2fxzmr2pewhy 102 18 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 102 19 supply supply NN work_27j75zbdvbduhd2fxzmr2pewhy 102 20 noise noise NN work_27j75zbdvbduhd2fxzmr2pewhy 102 21 . . . work_27j75zbdvbduhd2fxzmr2pewhy 103 1 7 7 LS work_27j75zbdvbduhd2fxzmr2pewhy 103 2 where where WRB work_27j75zbdvbduhd2fxzmr2pewhy 103 3 ci ci NNP work_27j75zbdvbduhd2fxzmr2pewhy 103 4 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 103 5 her -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 103 6 consumption consumption NN work_27j75zbdvbduhd2fxzmr2pewhy 103 7 financed finance VBN work_27j75zbdvbduhd2fxzmr2pewhy 103 8 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 103 9 selling sell VBG work_27j75zbdvbduhd2fxzmr2pewhy 103 10 or or CC work_27j75zbdvbduhd2fxzmr2pewhy 103 11 liquidating liquidate VBG work_27j75zbdvbduhd2fxzmr2pewhy 103 12 her -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 103 13 holdings holding NNS work_27j75zbdvbduhd2fxzmr2pewhy 103 14 when when WRB work_27j75zbdvbduhd2fxzmr2pewhy 103 15 she -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 103 16 becomes become VBZ work_27j75zbdvbduhd2fxzmr2pewhy 103 17 old old JJ work_27j75zbdvbduhd2fxzmr2pewhy 103 18 , , , work_27j75zbdvbduhd2fxzmr2pewhy 103 19 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 103 20 τ τ LS work_27j75zbdvbduhd2fxzmr2pewhy 103 21 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 103 22 her -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 103 23 risk risk NN work_27j75zbdvbduhd2fxzmr2pewhy 103 24 tolerance tolerance NN work_27j75zbdvbduhd2fxzmr2pewhy 103 25 which which WDT work_27j75zbdvbduhd2fxzmr2pewhy 103 26 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 103 27 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 103 28 same same JJ work_27j75zbdvbduhd2fxzmr2pewhy 103 29 across across IN work_27j75zbdvbduhd2fxzmr2pewhy 103 30 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 103 31 . . . work_27j75zbdvbduhd2fxzmr2pewhy 104 1 By by IN work_27j75zbdvbduhd2fxzmr2pewhy 104 2 solving solve VBG work_27j75zbdvbduhd2fxzmr2pewhy 104 3 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 104 4 expected expected JJ work_27j75zbdvbduhd2fxzmr2pewhy 104 5 utility utility NN work_27j75zbdvbduhd2fxzmr2pewhy 104 6 maximization maximization NN work_27j75zbdvbduhd2fxzmr2pewhy 104 7 problem problem NN work_27j75zbdvbduhd2fxzmr2pewhy 104 8 , , , work_27j75zbdvbduhd2fxzmr2pewhy 104 9 we -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 104 10 get get VBP work_27j75zbdvbduhd2fxzmr2pewhy 104 11 her -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 104 12 demand demand NN work_27j75zbdvbduhd2fxzmr2pewhy 104 13 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 104 14 stocks stock NNS work_27j75zbdvbduhd2fxzmr2pewhy 104 15 , , , work_27j75zbdvbduhd2fxzmr2pewhy 104 16 which which WDT work_27j75zbdvbduhd2fxzmr2pewhy 104 17 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 104 18 linear linear JJ work_27j75zbdvbduhd2fxzmr2pewhy 104 19 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 104 20 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 104 21 . . . work_27j75zbdvbduhd2fxzmr2pewhy 105 1 Di Di NNP work_27j75zbdvbduhd2fxzmr2pewhy 105 2 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 105 3 τ τ FW work_27j75zbdvbduhd2fxzmr2pewhy 105 4 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 105 5 Ei[µ̃|Ii ei[µ̃|ii NN work_27j75zbdvbduhd2fxzmr2pewhy 105 6 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 105 7 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 105 8 p p NN work_27j75zbdvbduhd2fxzmr2pewhy 105 9 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 105 10 V V NNP work_27j75zbdvbduhd2fxzmr2pewhy 105 11 ari[µ̃|Ii ari[µ̃|Ii '' work_27j75zbdvbduhd2fxzmr2pewhy 105 12 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 105 13 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 105 14 3 3 LS work_27j75zbdvbduhd2fxzmr2pewhy 105 15 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 105 16 where where WRB work_27j75zbdvbduhd2fxzmr2pewhy 105 17 µ̃ µ̃ , work_27j75zbdvbduhd2fxzmr2pewhy 105 18 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 105 19 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 105 20 random random JJ work_27j75zbdvbduhd2fxzmr2pewhy 105 21 payoff payoff NN work_27j75zbdvbduhd2fxzmr2pewhy 105 22 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 105 23 holding hold VBG work_27j75zbdvbduhd2fxzmr2pewhy 105 24 stocks stock NNS work_27j75zbdvbduhd2fxzmr2pewhy 105 25 , , , work_27j75zbdvbduhd2fxzmr2pewhy 105 26 Ei[µ̃|Ii Ei[µ̃|Ii '' work_27j75zbdvbduhd2fxzmr2pewhy 105 27 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 105 28 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 105 29 V V NNP work_27j75zbdvbduhd2fxzmr2pewhy 105 30 ari[µ̃|Ii ari[µ̃|Ii NNP work_27j75zbdvbduhd2fxzmr2pewhy 105 31 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 105 32 represent represent VBP work_27j75zbdvbduhd2fxzmr2pewhy 105 33 investor investor NN work_27j75zbdvbduhd2fxzmr2pewhy 105 34 i i PRP work_27j75zbdvbduhd2fxzmr2pewhy 105 35 ’s ’ VBZ work_27j75zbdvbduhd2fxzmr2pewhy 105 36 estimates estimate NNS work_27j75zbdvbduhd2fxzmr2pewhy 105 37 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 105 38 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 105 39 mean mean NN work_27j75zbdvbduhd2fxzmr2pewhy 105 40 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 105 41 variance variance NN work_27j75zbdvbduhd2fxzmr2pewhy 105 42 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 105 43 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 105 44 random random JJ work_27j75zbdvbduhd2fxzmr2pewhy 105 45 payoff payoff NN work_27j75zbdvbduhd2fxzmr2pewhy 105 46 conditional conditional JJ work_27j75zbdvbduhd2fxzmr2pewhy 105 47 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 105 48 her -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 105 49 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 105 50 set set VBD work_27j75zbdvbduhd2fxzmr2pewhy 105 51 Ii Ii NNP work_27j75zbdvbduhd2fxzmr2pewhy 105 52 , , , work_27j75zbdvbduhd2fxzmr2pewhy 105 53 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 105 54 p p NN work_27j75zbdvbduhd2fxzmr2pewhy 105 55 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 105 56 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 105 57 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 105 58 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 105 59 . . . work_27j75zbdvbduhd2fxzmr2pewhy 106 1 I -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 106 2 denote denote VBP work_27j75zbdvbduhd2fxzmr2pewhy 106 3 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 106 4 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 106 5 prices price NNS work_27j75zbdvbduhd2fxzmr2pewhy 106 6 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 106 7 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 106 8 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 106 9 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 106 10 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 106 11 using use VBG work_27j75zbdvbduhd2fxzmr2pewhy 106 12 p1 p1 NN work_27j75zbdvbduhd2fxzmr2pewhy 106 13 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 106 14 p2 p2 NN work_27j75zbdvbduhd2fxzmr2pewhy 106 15 , , , work_27j75zbdvbduhd2fxzmr2pewhy 106 16 respectively respectively RB work_27j75zbdvbduhd2fxzmr2pewhy 106 17 . . . work_27j75zbdvbduhd2fxzmr2pewhy 107 1 Note note VB work_27j75zbdvbduhd2fxzmr2pewhy 107 2 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 107 3 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 107 4 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 107 5 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 107 6 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 107 7 expect expect VBP work_27j75zbdvbduhd2fxzmr2pewhy 107 8 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 107 9 payoff payoff NN work_27j75zbdvbduhd2fxzmr2pewhy 107 10 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 107 11 p2 p2 NN work_27j75zbdvbduhd2fxzmr2pewhy 107 12 while while IN work_27j75zbdvbduhd2fxzmr2pewhy 107 13 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 107 14 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 107 15 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 107 16 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 107 17 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 107 18 rewarded reward VBN work_27j75zbdvbduhd2fxzmr2pewhy 107 19 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 107 20 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 107 21 firm firm NN work_27j75zbdvbduhd2fxzmr2pewhy 107 22 ’s ’s POS work_27j75zbdvbduhd2fxzmr2pewhy 107 23 fundamental fundamental JJ work_27j75zbdvbduhd2fxzmr2pewhy 107 24 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 107 25 θ θ NNP work_27j75zbdvbduhd2fxzmr2pewhy 107 26 . . . work_27j75zbdvbduhd2fxzmr2pewhy 108 1 Short short JJ work_27j75zbdvbduhd2fxzmr2pewhy 108 2 horizons horizon NNS work_27j75zbdvbduhd2fxzmr2pewhy 108 3 induce induce VBP work_27j75zbdvbduhd2fxzmr2pewhy 108 4 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 108 5 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 108 6 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 108 7 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 108 8 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 108 9 be be VB work_27j75zbdvbduhd2fxzmr2pewhy 108 10 concerned concern VBN work_27j75zbdvbduhd2fxzmr2pewhy 108 11 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 108 12 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 108 13 interim interim JJ work_27j75zbdvbduhd2fxzmr2pewhy 108 14 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 108 15 p2 p2 NN work_27j75zbdvbduhd2fxzmr2pewhy 108 16 , , , work_27j75zbdvbduhd2fxzmr2pewhy 108 17 rather rather RB work_27j75zbdvbduhd2fxzmr2pewhy 108 18 than than IN work_27j75zbdvbduhd2fxzmr2pewhy 108 19 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 108 20 fundamental fundamental JJ work_27j75zbdvbduhd2fxzmr2pewhy 108 21 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 108 22 θ θ NNP work_27j75zbdvbduhd2fxzmr2pewhy 108 23 . . . work_27j75zbdvbduhd2fxzmr2pewhy 109 1 For for IN work_27j75zbdvbduhd2fxzmr2pewhy 109 2 convenience convenience NN work_27j75zbdvbduhd2fxzmr2pewhy 109 3 , , , work_27j75zbdvbduhd2fxzmr2pewhy 109 4 I -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 109 5 also also RB work_27j75zbdvbduhd2fxzmr2pewhy 109 6 assume assume VBP work_27j75zbdvbduhd2fxzmr2pewhy 109 7 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 109 8 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 109 9 quality quality NN work_27j75zbdvbduhd2fxzmr2pewhy 109 10 , , , work_27j75zbdvbduhd2fxzmr2pewhy 109 11 precisions precision NNS work_27j75zbdvbduhd2fxzmr2pewhy 109 12 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 109 13 supply supply NN work_27j75zbdvbduhd2fxzmr2pewhy 109 14 noise noise NN work_27j75zbdvbduhd2fxzmr2pewhy 109 15 , , , work_27j75zbdvbduhd2fxzmr2pewhy 109 16 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 109 17 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 109 18 ’ ’ POS work_27j75zbdvbduhd2fxzmr2pewhy 109 19 risk risk NN work_27j75zbdvbduhd2fxzmr2pewhy 109 20 tolerance tolerance NN work_27j75zbdvbduhd2fxzmr2pewhy 109 21 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 109 22 well well RB work_27j75zbdvbduhd2fxzmr2pewhy 109 23 defined define VBN work_27j75zbdvbduhd2fxzmr2pewhy 109 24 . . . work_27j75zbdvbduhd2fxzmr2pewhy 110 1 That that RB work_27j75zbdvbduhd2fxzmr2pewhy 110 2 is is RB work_27j75zbdvbduhd2fxzmr2pewhy 110 3 , , , work_27j75zbdvbduhd2fxzmr2pewhy 110 4 α α NNP work_27j75zbdvbduhd2fxzmr2pewhy 110 5 , , , work_27j75zbdvbduhd2fxzmr2pewhy 110 6 β β NNP work_27j75zbdvbduhd2fxzmr2pewhy 110 7 , , , work_27j75zbdvbduhd2fxzmr2pewhy 110 8 γ1 γ1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 110 9 , , , work_27j75zbdvbduhd2fxzmr2pewhy 110 10 γ2 γ2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 110 11 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 110 12 τ τ NNP work_27j75zbdvbduhd2fxzmr2pewhy 110 13 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 110 14 positive positive JJ work_27j75zbdvbduhd2fxzmr2pewhy 110 15 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 110 16 finite finite JJ work_27j75zbdvbduhd2fxzmr2pewhy 110 17 . . . work_27j75zbdvbduhd2fxzmr2pewhy 111 1 3 3 CD work_27j75zbdvbduhd2fxzmr2pewhy 111 2 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 111 3 Equilibrium Equilibrium NNP work_27j75zbdvbduhd2fxzmr2pewhy 111 4 In in IN work_27j75zbdvbduhd2fxzmr2pewhy 111 5 this this DT work_27j75zbdvbduhd2fxzmr2pewhy 111 6 section section NN work_27j75zbdvbduhd2fxzmr2pewhy 111 7 , , , work_27j75zbdvbduhd2fxzmr2pewhy 111 8 I -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 111 9 characterize characterize VBP work_27j75zbdvbduhd2fxzmr2pewhy 111 10 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 111 11 unique unique JJ work_27j75zbdvbduhd2fxzmr2pewhy 111 12 linear linear JJ work_27j75zbdvbduhd2fxzmr2pewhy 111 13 rational rational JJ work_27j75zbdvbduhd2fxzmr2pewhy 111 14 expectations expectation NNS work_27j75zbdvbduhd2fxzmr2pewhy 111 15 equilibrium equilibrium NN work_27j75zbdvbduhd2fxzmr2pewhy 111 16 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 111 17 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 111 18 model model NN work_27j75zbdvbduhd2fxzmr2pewhy 111 19 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 111 20 Proposition Proposition NNP work_27j75zbdvbduhd2fxzmr2pewhy 111 21 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 111 22 , , , work_27j75zbdvbduhd2fxzmr2pewhy 111 23 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 111 24 compare compare VB work_27j75zbdvbduhd2fxzmr2pewhy 111 25 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 111 26 closed closed JJ work_27j75zbdvbduhd2fxzmr2pewhy 111 27 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 111 28 form form NN work_27j75zbdvbduhd2fxzmr2pewhy 111 29 equilibrium equilibrium NN work_27j75zbdvbduhd2fxzmr2pewhy 111 30 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 111 31 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 111 32 previous previous JJ work_27j75zbdvbduhd2fxzmr2pewhy 111 33 literature literature NN work_27j75zbdvbduhd2fxzmr2pewhy 111 34 . . . work_27j75zbdvbduhd2fxzmr2pewhy 112 1 3.1 3.1 CD work_27j75zbdvbduhd2fxzmr2pewhy 112 2 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 112 3 Equilibrium Equilibrium NNP work_27j75zbdvbduhd2fxzmr2pewhy 112 4 A a DT work_27j75zbdvbduhd2fxzmr2pewhy 112 5 rational rational JJ work_27j75zbdvbduhd2fxzmr2pewhy 112 6 expectations expectation NNS work_27j75zbdvbduhd2fxzmr2pewhy 112 7 equilibrium equilibrium NN work_27j75zbdvbduhd2fxzmr2pewhy 112 8 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 112 9 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 112 10 short short JJ work_27j75zbdvbduhd2fxzmr2pewhy 112 11 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 112 12 horizon horizon NN work_27j75zbdvbduhd2fxzmr2pewhy 112 13 economy economy NN work_27j75zbdvbduhd2fxzmr2pewhy 112 14 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 112 15 defined define VBN work_27j75zbdvbduhd2fxzmr2pewhy 112 16 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 112 17 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 112 18 pair pair NN work_27j75zbdvbduhd2fxzmr2pewhy 112 19 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 112 20 prices price NNS work_27j75zbdvbduhd2fxzmr2pewhy 112 21 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 112 22 p1 p1 NN work_27j75zbdvbduhd2fxzmr2pewhy 112 23 , , , work_27j75zbdvbduhd2fxzmr2pewhy 112 24 p2 p2 NN work_27j75zbdvbduhd2fxzmr2pewhy 112 25 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 112 26 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 112 27 satisfies satisfie NNS work_27j75zbdvbduhd2fxzmr2pewhy 112 28 a. a. NN work_27j75zbdvbduhd2fxzmr2pewhy 113 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 113 2 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 113 3 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 113 4 clears clear VBZ work_27j75zbdvbduhd2fxzmr2pewhy 113 5 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 113 6 both both DT work_27j75zbdvbduhd2fxzmr2pewhy 113 7 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 113 8 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 113 9 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 113 10 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 113 11 ; ; : work_27j75zbdvbduhd2fxzmr2pewhy 113 12 8 8 CD work_27j75zbdvbduhd2fxzmr2pewhy 113 13 b. b. NN work_27j75zbdvbduhd2fxzmr2pewhy 114 1 Investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 114 2 maximize maximize VBP work_27j75zbdvbduhd2fxzmr2pewhy 114 3 their -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 114 4 expected expect VBN work_27j75zbdvbduhd2fxzmr2pewhy 114 5 utilities utility NNS work_27j75zbdvbduhd2fxzmr2pewhy 114 6 , , , work_27j75zbdvbduhd2fxzmr2pewhy 114 7 conditional conditional JJ work_27j75zbdvbduhd2fxzmr2pewhy 114 8 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 114 9 all all DT work_27j75zbdvbduhd2fxzmr2pewhy 114 10 available available JJ work_27j75zbdvbduhd2fxzmr2pewhy 114 11 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 114 12 , , , work_27j75zbdvbduhd2fxzmr2pewhy 114 13 including include VBG work_27j75zbdvbduhd2fxzmr2pewhy 114 14 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 114 15 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 114 16 gleaned glean VBN work_27j75zbdvbduhd2fxzmr2pewhy 114 17 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 114 18 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 114 19 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 114 20 ; ; : work_27j75zbdvbduhd2fxzmr2pewhy 114 21 c. c. NNP work_27j75zbdvbduhd2fxzmr2pewhy 114 22 Investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 114 23 have have VBP work_27j75zbdvbduhd2fxzmr2pewhy 114 24 rational rational JJ work_27j75zbdvbduhd2fxzmr2pewhy 114 25 expectations expectation NNS work_27j75zbdvbduhd2fxzmr2pewhy 114 26 . . . work_27j75zbdvbduhd2fxzmr2pewhy 115 1 Their -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 115 2 beliefs belief NNS work_27j75zbdvbduhd2fxzmr2pewhy 115 3 about about IN work_27j75zbdvbduhd2fxzmr2pewhy 115 4 all all DT work_27j75zbdvbduhd2fxzmr2pewhy 115 5 random random JJ work_27j75zbdvbduhd2fxzmr2pewhy 115 6 variables variable NNS work_27j75zbdvbduhd2fxzmr2pewhy 115 7 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 115 8 consistent consistent JJ work_27j75zbdvbduhd2fxzmr2pewhy 115 9 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 115 10 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 115 11 true true JJ work_27j75zbdvbduhd2fxzmr2pewhy 115 12 underlying underlying JJ work_27j75zbdvbduhd2fxzmr2pewhy 115 13 distributions distribution NNS work_27j75zbdvbduhd2fxzmr2pewhy 115 14 ; ; : work_27j75zbdvbduhd2fxzmr2pewhy 115 15 d. d. NNP work_27j75zbdvbduhd2fxzmr2pewhy 115 16 Prices price NNS work_27j75zbdvbduhd2fxzmr2pewhy 115 17 depend depend VBP work_27j75zbdvbduhd2fxzmr2pewhy 115 18 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 115 19 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 115 20 only only RB work_27j75zbdvbduhd2fxzmr2pewhy 115 21 through through IN work_27j75zbdvbduhd2fxzmr2pewhy 115 22 supply supply NN work_27j75zbdvbduhd2fxzmr2pewhy 115 23 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 115 24 demand demand NN work_27j75zbdvbduhd2fxzmr2pewhy 115 25 . . . work_27j75zbdvbduhd2fxzmr2pewhy 116 1 In in IN work_27j75zbdvbduhd2fxzmr2pewhy 116 2 addition addition NN work_27j75zbdvbduhd2fxzmr2pewhy 116 3 , , , work_27j75zbdvbduhd2fxzmr2pewhy 116 4 if if IN work_27j75zbdvbduhd2fxzmr2pewhy 116 5 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 116 6 p1 p1 NN work_27j75zbdvbduhd2fxzmr2pewhy 116 7 , , , work_27j75zbdvbduhd2fxzmr2pewhy 116 8 p2 p2 NN work_27j75zbdvbduhd2fxzmr2pewhy 116 9 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 116 10 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 116 11 linear linear JJ work_27j75zbdvbduhd2fxzmr2pewhy 116 12 functions function NNS work_27j75zbdvbduhd2fxzmr2pewhy 116 13 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 116 14 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 116 15 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 116 16 supply supply NN work_27j75zbdvbduhd2fxzmr2pewhy 116 17 noise noise NN work_27j75zbdvbduhd2fxzmr2pewhy 116 18 , , , work_27j75zbdvbduhd2fxzmr2pewhy 116 19 then then RB work_27j75zbdvbduhd2fxzmr2pewhy 116 20 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 116 21 equilibrium equilibrium NN work_27j75zbdvbduhd2fxzmr2pewhy 116 22 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 116 23 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 116 24 linear linear JJ work_27j75zbdvbduhd2fxzmr2pewhy 116 25 rational rational JJ work_27j75zbdvbduhd2fxzmr2pewhy 116 26 expectations expectation NNS work_27j75zbdvbduhd2fxzmr2pewhy 116 27 equilibrium equilibrium NN work_27j75zbdvbduhd2fxzmr2pewhy 116 28 . . . work_27j75zbdvbduhd2fxzmr2pewhy 117 1 Proposition proposition NN work_27j75zbdvbduhd2fxzmr2pewhy 117 2 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 117 3 . . . work_27j75zbdvbduhd2fxzmr2pewhy 118 1 There there EX work_27j75zbdvbduhd2fxzmr2pewhy 118 2 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 118 3 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 118 4 unique unique JJ work_27j75zbdvbduhd2fxzmr2pewhy 118 5 linear linear JJ work_27j75zbdvbduhd2fxzmr2pewhy 118 6 rational rational JJ work_27j75zbdvbduhd2fxzmr2pewhy 118 7 expectations expectation NNS work_27j75zbdvbduhd2fxzmr2pewhy 118 8 equilibrium equilibrium NNP work_27j75zbdvbduhd2fxzmr2pewhy 118 9 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 118 10 p1 p1 NN work_27j75zbdvbduhd2fxzmr2pewhy 118 11 , , , work_27j75zbdvbduhd2fxzmr2pewhy 118 12 p2 p2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 118 13 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 118 14 , , , work_27j75zbdvbduhd2fxzmr2pewhy 118 15 characterized characterize VBN work_27j75zbdvbduhd2fxzmr2pewhy 118 16 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 118 17 p1 p1 NN work_27j75zbdvbduhd2fxzmr2pewhy 118 18 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 118 19 bz bz CC work_27j75zbdvbduhd2fxzmr2pewhy 118 20 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 118 21 cθ cθ NNP work_27j75zbdvbduhd2fxzmr2pewhy 118 22 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 118 23 ds1 ds1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 118 24 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 118 25 4 4 CD work_27j75zbdvbduhd2fxzmr2pewhy 118 26 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 118 27 p2 p2 NN work_27j75zbdvbduhd2fxzmr2pewhy 118 28 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 118 29 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 118 30 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 118 31 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 118 32 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 118 33 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 118 34 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 118 35 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 118 36 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 118 37 [ [ -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 118 38 αz αz NNP work_27j75zbdvbduhd2fxzmr2pewhy 118 39 + + NNP work_27j75zbdvbduhd2fxzmr2pewhy 118 40 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 118 41 β β NNP work_27j75zbdvbduhd2fxzmr2pewhy 118 42 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 118 43 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 118 44 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 118 45 ρ2)θ ρ2)θ NNPS work_27j75zbdvbduhd2fxzmr2pewhy 118 46 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 118 47 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 118 48 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 118 49 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 118 50 ρ2 ρ2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 118 51 ρ ρ IN work_27j75zbdvbduhd2fxzmr2pewhy 118 52 βτ βτ NNP work_27j75zbdvbduhd2fxzmr2pewhy 118 53 s1 s1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 118 54 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 118 55 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 118 56 β β NNP work_27j75zbdvbduhd2fxzmr2pewhy 118 57 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 118 58 ρ2 ρ2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 118 59 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 118 60 βτ βτ NNP work_27j75zbdvbduhd2fxzmr2pewhy 118 61 s2 s2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 118 62 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 118 63 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 118 64 5 5 CD work_27j75zbdvbduhd2fxzmr2pewhy 118 65 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 118 66 where where WRB work_27j75zbdvbduhd2fxzmr2pewhy 118 67 9 9 CD work_27j75zbdvbduhd2fxzmr2pewhy 118 68 b b NN work_27j75zbdvbduhd2fxzmr2pewhy 118 69 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 118 70 α α NNP work_27j75zbdvbduhd2fxzmr2pewhy 118 71 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 118 72 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 118 73 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 118 74 + + NN work_27j75zbdvbduhd2fxzmr2pewhy 118 75 βM βm NN work_27j75zbdvbduhd2fxzmr2pewhy 118 76 c c NN work_27j75zbdvbduhd2fxzmr2pewhy 118 77 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 118 78 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 118 79 + + NNP work_27j75zbdvbduhd2fxzmr2pewhy 118 80 βM βm NN work_27j75zbdvbduhd2fxzmr2pewhy 118 81 α α XX work_27j75zbdvbduhd2fxzmr2pewhy 118 82 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 118 83 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 118 84 + + NN work_27j75zbdvbduhd2fxzmr2pewhy 118 85 βM βm NN work_27j75zbdvbduhd2fxzmr2pewhy 118 86 d d NNP work_27j75zbdvbduhd2fxzmr2pewhy 118 87 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 118 88 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 118 89 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 118 90 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 118 91 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 118 92 ρ ρ IN work_27j75zbdvbduhd2fxzmr2pewhy 118 93 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 118 94 βM βm NN work_27j75zbdvbduhd2fxzmr2pewhy 118 95 α α XX work_27j75zbdvbduhd2fxzmr2pewhy 118 96 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 118 97 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 118 98 + + NN work_27j75zbdvbduhd2fxzmr2pewhy 118 99 βM βm NN work_27j75zbdvbduhd2fxzmr2pewhy 118 100 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 118 101 βτ βτ NN work_27j75zbdvbduhd2fxzmr2pewhy 118 102 M m NN work_27j75zbdvbduhd2fxzmr2pewhy 118 103 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 118 104 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 118 105 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 118 106 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 118 107 α α CD work_27j75zbdvbduhd2fxzmr2pewhy 118 108 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 118 109 2β 2β CD work_27j75zbdvbduhd2fxzmr2pewhy 118 110 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 118 111 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 118 112 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 118 113 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 118 114 ρ ρ IN work_27j75zbdvbduhd2fxzmr2pewhy 118 115 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 118 116 kρ1 kρ1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 118 117 ρ1 ρ1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 118 118 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 118 119 β β NNP work_27j75zbdvbduhd2fxzmr2pewhy 118 120 2τ 2τ NNP work_27j75zbdvbduhd2fxzmr2pewhy 118 121 2γ1 2γ1 CD work_27j75zbdvbduhd2fxzmr2pewhy 118 122 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 118 123 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 118 124 β β NNP work_27j75zbdvbduhd2fxzmr2pewhy 118 125 2τ 2τ NNP work_27j75zbdvbduhd2fxzmr2pewhy 118 126 2γ2 2γ2 CD work_27j75zbdvbduhd2fxzmr2pewhy 118 127 k k NNS work_27j75zbdvbduhd2fxzmr2pewhy 118 128 = = NN work_27j75zbdvbduhd2fxzmr2pewhy 118 129 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 118 130 ρ2 ρ2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 118 131 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 118 132 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 118 133 ρ2 ρ2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 118 134 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 118 135 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 118 136 All all DT work_27j75zbdvbduhd2fxzmr2pewhy 118 137 proofs proof NNS work_27j75zbdvbduhd2fxzmr2pewhy 118 138 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 118 139 placed place VBN work_27j75zbdvbduhd2fxzmr2pewhy 118 140 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 118 141 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 118 142 Appendix Appendix NNP work_27j75zbdvbduhd2fxzmr2pewhy 118 143 . . . work_27j75zbdvbduhd2fxzmr2pewhy 119 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 119 2 proof proof NN work_27j75zbdvbduhd2fxzmr2pewhy 119 3 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 119 4 Proposition Proposition NNP work_27j75zbdvbduhd2fxzmr2pewhy 119 5 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 119 6 involves involve VBZ work_27j75zbdvbduhd2fxzmr2pewhy 119 7 backward backward JJ work_27j75zbdvbduhd2fxzmr2pewhy 119 8 induction induction NN work_27j75zbdvbduhd2fxzmr2pewhy 119 9 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 119 10 solving solve VBG work_27j75zbdvbduhd2fxzmr2pewhy 119 11 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 119 12 p2 p2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 119 13 first first RB work_27j75zbdvbduhd2fxzmr2pewhy 119 14 . . . work_27j75zbdvbduhd2fxzmr2pewhy 120 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 120 2 basic basic JJ work_27j75zbdvbduhd2fxzmr2pewhy 120 3 idea idea NN work_27j75zbdvbduhd2fxzmr2pewhy 120 4 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 120 5 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 120 6 assume assume VB work_27j75zbdvbduhd2fxzmr2pewhy 120 7 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 120 8 linear linear JJ work_27j75zbdvbduhd2fxzmr2pewhy 120 9 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 120 10 function function NN work_27j75zbdvbduhd2fxzmr2pewhy 120 11 , , , work_27j75zbdvbduhd2fxzmr2pewhy 120 12 plug plug VBP work_27j75zbdvbduhd2fxzmr2pewhy 120 13 in in RP work_27j75zbdvbduhd2fxzmr2pewhy 120 14 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 120 15 assumed assume VBN work_27j75zbdvbduhd2fxzmr2pewhy 120 16 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 120 17 function function NN work_27j75zbdvbduhd2fxzmr2pewhy 120 18 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 120 19 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 120 20 ’ ’ POS work_27j75zbdvbduhd2fxzmr2pewhy 120 21 demand demand NN work_27j75zbdvbduhd2fxzmr2pewhy 120 22 functions function NNS work_27j75zbdvbduhd2fxzmr2pewhy 120 23 , , , work_27j75zbdvbduhd2fxzmr2pewhy 120 24 obtain obtain VB work_27j75zbdvbduhd2fxzmr2pewhy 120 25 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 120 26 new new JJ work_27j75zbdvbduhd2fxzmr2pewhy 120 27 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 120 28 function function NN work_27j75zbdvbduhd2fxzmr2pewhy 120 29 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 120 30 equating equate VBG work_27j75zbdvbduhd2fxzmr2pewhy 120 31 aggregate aggregate JJ work_27j75zbdvbduhd2fxzmr2pewhy 120 32 demand demand NN work_27j75zbdvbduhd2fxzmr2pewhy 120 33 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 120 34 aggregate aggregate JJ work_27j75zbdvbduhd2fxzmr2pewhy 120 35 supply supply NN work_27j75zbdvbduhd2fxzmr2pewhy 120 36 , , , work_27j75zbdvbduhd2fxzmr2pewhy 120 37 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 120 38 then then RB work_27j75zbdvbduhd2fxzmr2pewhy 120 39 compare compare VB work_27j75zbdvbduhd2fxzmr2pewhy 120 40 coefficients coefficient NNS work_27j75zbdvbduhd2fxzmr2pewhy 120 41 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 120 42 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 120 43 two two CD work_27j75zbdvbduhd2fxzmr2pewhy 120 44 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 120 45 functions function NNS work_27j75zbdvbduhd2fxzmr2pewhy 120 46 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 120 47 determine determine VB work_27j75zbdvbduhd2fxzmr2pewhy 120 48 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 120 49 coefficients coefficient NNS work_27j75zbdvbduhd2fxzmr2pewhy 120 50 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 120 51 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 120 52 assumed assumed JJ work_27j75zbdvbduhd2fxzmr2pewhy 120 53 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 120 54 function function NN work_27j75zbdvbduhd2fxzmr2pewhy 120 55 . . . work_27j75zbdvbduhd2fxzmr2pewhy 121 1 We -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 121 2 will will MD work_27j75zbdvbduhd2fxzmr2pewhy 121 3 focus focus VB work_27j75zbdvbduhd2fxzmr2pewhy 121 4 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 121 5 p1 p1 NN work_27j75zbdvbduhd2fxzmr2pewhy 121 6 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 121 7 accentuate accentuate VB work_27j75zbdvbduhd2fxzmr2pewhy 121 8 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 121 9 influence influence NN work_27j75zbdvbduhd2fxzmr2pewhy 121 10 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 121 11 short short JJ work_27j75zbdvbduhd2fxzmr2pewhy 121 12 horizons horizon NNS work_27j75zbdvbduhd2fxzmr2pewhy 121 13 . . . work_27j75zbdvbduhd2fxzmr2pewhy 122 1 In in IN work_27j75zbdvbduhd2fxzmr2pewhy 122 2 contrast contrast NN work_27j75zbdvbduhd2fxzmr2pewhy 122 3 , , , work_27j75zbdvbduhd2fxzmr2pewhy 122 4 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 122 5 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 122 6 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 122 7 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 122 8 receive receive VBP work_27j75zbdvbduhd2fxzmr2pewhy 122 9 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 122 10 liquidation liquidation NN work_27j75zbdvbduhd2fxzmr2pewhy 122 11 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 122 12 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 122 13 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 122 14 firm firm NN work_27j75zbdvbduhd2fxzmr2pewhy 122 15 . . . work_27j75zbdvbduhd2fxzmr2pewhy 123 1 Thus thus RB work_27j75zbdvbduhd2fxzmr2pewhy 123 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 123 3 p2 p2 NN work_27j75zbdvbduhd2fxzmr2pewhy 123 4 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 123 5 only only RB work_27j75zbdvbduhd2fxzmr2pewhy 123 6 used use VBN work_27j75zbdvbduhd2fxzmr2pewhy 123 7 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 123 8 terminate terminate VB work_27j75zbdvbduhd2fxzmr2pewhy 123 9 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 123 10 overlapping overlap VBG work_27j75zbdvbduhd2fxzmr2pewhy 123 11 generations generation NNS work_27j75zbdvbduhd2fxzmr2pewhy 123 12 cycle cycle NN work_27j75zbdvbduhd2fxzmr2pewhy 123 13 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 123 14 establish establish VB work_27j75zbdvbduhd2fxzmr2pewhy 123 15 an an DT work_27j75zbdvbduhd2fxzmr2pewhy 123 16 anchor anchor NN work_27j75zbdvbduhd2fxzmr2pewhy 123 17 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 123 18 which which WDT work_27j75zbdvbduhd2fxzmr2pewhy 123 19 we -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 123 20 can can MD work_27j75zbdvbduhd2fxzmr2pewhy 123 21 apply apply VB work_27j75zbdvbduhd2fxzmr2pewhy 123 22 backward backward JJ work_27j75zbdvbduhd2fxzmr2pewhy 123 23 induction induction NN work_27j75zbdvbduhd2fxzmr2pewhy 123 24 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 123 25 solve solve VB work_27j75zbdvbduhd2fxzmr2pewhy 123 26 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 123 27 p1 p1 NN work_27j75zbdvbduhd2fxzmr2pewhy 123 28 . . . work_27j75zbdvbduhd2fxzmr2pewhy 124 1 Unless unless IN work_27j75zbdvbduhd2fxzmr2pewhy 124 2 explicitly explicitly RB work_27j75zbdvbduhd2fxzmr2pewhy 124 3 noted note VBN work_27j75zbdvbduhd2fxzmr2pewhy 124 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 124 5 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 124 6 now now RB work_27j75zbdvbduhd2fxzmr2pewhy 124 7 on on RB work_27j75zbdvbduhd2fxzmr2pewhy 124 8 , , , work_27j75zbdvbduhd2fxzmr2pewhy 124 9 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 124 10 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 124 11 I -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 124 12 mean mean VBP work_27j75zbdvbduhd2fxzmr2pewhy 124 13 p1 p1 NN work_27j75zbdvbduhd2fxzmr2pewhy 124 14 . . . work_27j75zbdvbduhd2fxzmr2pewhy 125 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 125 2 commonality commonality NN work_27j75zbdvbduhd2fxzmr2pewhy 125 3 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 125 4 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 125 5 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 125 6 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 125 7 , , , work_27j75zbdvbduhd2fxzmr2pewhy 125 8 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 125 9 extra extra JJ work_27j75zbdvbduhd2fxzmr2pewhy 125 10 weight weight NN work_27j75zbdvbduhd2fxzmr2pewhy 125 11 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 125 12 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 125 13 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 125 14 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 125 15 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 125 16 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 125 17 function function NN work_27j75zbdvbduhd2fxzmr2pewhy 125 18 , , , work_27j75zbdvbduhd2fxzmr2pewhy 125 19 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 125 20 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 125 21 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 125 22 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 125 23 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 125 24 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 125 25 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 125 26 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 125 27 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 125 28 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 125 29 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 125 30 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 125 31 three three CD work_27j75zbdvbduhd2fxzmr2pewhy 125 32 equivalent equivalent JJ work_27j75zbdvbduhd2fxzmr2pewhy 125 33 concepts concept NNS work_27j75zbdvbduhd2fxzmr2pewhy 125 34 . . . work_27j75zbdvbduhd2fxzmr2pewhy 126 1 When when WRB work_27j75zbdvbduhd2fxzmr2pewhy 126 2 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 126 3 have have VBP work_27j75zbdvbduhd2fxzmr2pewhy 126 4 short short JJ work_27j75zbdvbduhd2fxzmr2pewhy 126 5 horizons horizon NNS work_27j75zbdvbduhd2fxzmr2pewhy 126 6 , , , work_27j75zbdvbduhd2fxzmr2pewhy 126 7 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 126 8 prices price NNS work_27j75zbdvbduhd2fxzmr2pewhy 126 9 depend depend VBP work_27j75zbdvbduhd2fxzmr2pewhy 126 10 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 126 11 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 126 12 ’ ’ POS work_27j75zbdvbduhd2fxzmr2pewhy 126 13 expectations expectation NNS work_27j75zbdvbduhd2fxzmr2pewhy 126 14 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 126 15 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 126 16 average average JJ work_27j75zbdvbduhd2fxzmr2pewhy 126 17 expectation expectation NN work_27j75zbdvbduhd2fxzmr2pewhy 126 18 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 126 19 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 126 20 fundamental fundamental JJ work_27j75zbdvbduhd2fxzmr2pewhy 126 21 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 126 22 . . . work_27j75zbdvbduhd2fxzmr2pewhy 127 1 Public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 127 2 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 127 3 , , , work_27j75zbdvbduhd2fxzmr2pewhy 127 4 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 127 5 common common JJ work_27j75zbdvbduhd2fxzmr2pewhy 127 6 knowledge knowledge NN work_27j75zbdvbduhd2fxzmr2pewhy 127 7 among among IN work_27j75zbdvbduhd2fxzmr2pewhy 127 8 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 127 9 , , , work_27j75zbdvbduhd2fxzmr2pewhy 127 10 10 10 CD work_27j75zbdvbduhd2fxzmr2pewhy 127 11 plays play VBZ work_27j75zbdvbduhd2fxzmr2pewhy 127 12 an an DT work_27j75zbdvbduhd2fxzmr2pewhy 127 13 additional additional JJ work_27j75zbdvbduhd2fxzmr2pewhy 127 14 commonality commonality NN work_27j75zbdvbduhd2fxzmr2pewhy 127 15 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 127 16 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 127 17 anchoring anchor VBG work_27j75zbdvbduhd2fxzmr2pewhy 127 18 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 127 19 ’ ’ POS work_27j75zbdvbduhd2fxzmr2pewhy 127 20 beliefs belief NNS work_27j75zbdvbduhd2fxzmr2pewhy 127 21 about about IN work_27j75zbdvbduhd2fxzmr2pewhy 127 22 other other JJ work_27j75zbdvbduhd2fxzmr2pewhy 127 23 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 127 24 ’ ’ POS work_27j75zbdvbduhd2fxzmr2pewhy 127 25 beliefs belief NNS work_27j75zbdvbduhd2fxzmr2pewhy 127 26 , , , work_27j75zbdvbduhd2fxzmr2pewhy 127 27 causing cause VBG work_27j75zbdvbduhd2fxzmr2pewhy 127 28 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 127 29 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 127 30 overuse overuse VB work_27j75zbdvbduhd2fxzmr2pewhy 127 31 it -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 127 32 . . . work_27j75zbdvbduhd2fxzmr2pewhy 128 1 As as IN work_27j75zbdvbduhd2fxzmr2pewhy 128 2 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 128 3 result result NN work_27j75zbdvbduhd2fxzmr2pewhy 128 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 128 5 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 128 6 prices price NNS work_27j75zbdvbduhd2fxzmr2pewhy 128 7 have have VBP work_27j75zbdvbduhd2fxzmr2pewhy 128 8 an an DT work_27j75zbdvbduhd2fxzmr2pewhy 128 9 extra extra JJ work_27j75zbdvbduhd2fxzmr2pewhy 128 10 weight weight NN work_27j75zbdvbduhd2fxzmr2pewhy 128 11 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 128 12 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 128 13 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 128 14 relative relative JJ work_27j75zbdvbduhd2fxzmr2pewhy 128 15 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 128 16 private private JJ work_27j75zbdvbduhd2fxzmr2pewhy 128 17 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 128 18 , , , work_27j75zbdvbduhd2fxzmr2pewhy 128 19 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 128 20 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 128 21 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 128 22 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 128 23 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 128 24 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 128 25 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 128 26 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 128 27 occurs occur VBZ work_27j75zbdvbduhd2fxzmr2pewhy 128 28 . . . work_27j75zbdvbduhd2fxzmr2pewhy 129 1 To to TO work_27j75zbdvbduhd2fxzmr2pewhy 129 2 characterize characterize VB work_27j75zbdvbduhd2fxzmr2pewhy 129 3 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 129 4 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 129 5 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 129 6 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 129 7 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 129 8 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 129 9 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 129 10 , , , work_27j75zbdvbduhd2fxzmr2pewhy 129 11 I -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 129 12 use use VBP work_27j75zbdvbduhd2fxzmr2pewhy 129 13 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 129 14 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 129 15 benchmark benchmark NN work_27j75zbdvbduhd2fxzmr2pewhy 129 16 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 129 17 weight weight NN work_27j75zbdvbduhd2fxzmr2pewhy 129 18 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 129 19 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 129 20 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 129 21 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 129 22 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 129 23 long long JJ work_27j75zbdvbduhd2fxzmr2pewhy 129 24 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 129 25 horizon horizon NN work_27j75zbdvbduhd2fxzmr2pewhy 129 26 economy economy NN work_27j75zbdvbduhd2fxzmr2pewhy 129 27 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 129 28 which which WDT work_27j75zbdvbduhd2fxzmr2pewhy 129 29 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 129 30 firm firm NN work_27j75zbdvbduhd2fxzmr2pewhy 129 31 ’s ’s POS work_27j75zbdvbduhd2fxzmr2pewhy 129 32 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 129 33 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 129 34 revealed reveal VBN work_27j75zbdvbduhd2fxzmr2pewhy 129 35 at at IN work_27j75zbdvbduhd2fxzmr2pewhy 129 36 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 129 37 end end NN work_27j75zbdvbduhd2fxzmr2pewhy 129 38 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 129 39 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 129 40 1.4 1.4 CD work_27j75zbdvbduhd2fxzmr2pewhy 129 41 It -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 129 42 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 129 43 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 129 44 long long JJ work_27j75zbdvbduhd2fxzmr2pewhy 129 45 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 129 46 horizon horizon NN work_27j75zbdvbduhd2fxzmr2pewhy 129 47 economy economy NN work_27j75zbdvbduhd2fxzmr2pewhy 129 48 because because IN work_27j75zbdvbduhd2fxzmr2pewhy 129 49 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 129 50 ’ ’ POS work_27j75zbdvbduhd2fxzmr2pewhy 129 51 horizons horizon NNS work_27j75zbdvbduhd2fxzmr2pewhy 129 52 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 129 53 as as RB work_27j75zbdvbduhd2fxzmr2pewhy 129 54 long long RB work_27j75zbdvbduhd2fxzmr2pewhy 129 55 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 129 56 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 129 57 firm firm NN work_27j75zbdvbduhd2fxzmr2pewhy 129 58 ’s ’s POS work_27j75zbdvbduhd2fxzmr2pewhy 129 59 life life NN work_27j75zbdvbduhd2fxzmr2pewhy 129 60 span span NN work_27j75zbdvbduhd2fxzmr2pewhy 129 61 . . . work_27j75zbdvbduhd2fxzmr2pewhy 130 1 This this DT work_27j75zbdvbduhd2fxzmr2pewhy 130 2 long long JJ work_27j75zbdvbduhd2fxzmr2pewhy 130 3 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 130 4 horizon horizon NN work_27j75zbdvbduhd2fxzmr2pewhy 130 5 benchmark benchmark NN work_27j75zbdvbduhd2fxzmr2pewhy 130 6 , , , work_27j75zbdvbduhd2fxzmr2pewhy 130 7 characterized characterize VBN work_27j75zbdvbduhd2fxzmr2pewhy 130 8 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 130 9 Lemma Lemma NNP work_27j75zbdvbduhd2fxzmr2pewhy 130 10 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 130 11 , , , work_27j75zbdvbduhd2fxzmr2pewhy 130 12 emphasizes emphasize VBZ work_27j75zbdvbduhd2fxzmr2pewhy 130 13 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 130 14 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 130 15 fact fact NN work_27j75zbdvbduhd2fxzmr2pewhy 130 16 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 130 17 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 130 18 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 130 19 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 130 20 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 130 21 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 130 22 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 130 23 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 130 24 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 130 25 attributable attributable JJ work_27j75zbdvbduhd2fxzmr2pewhy 130 26 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 130 27 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 130 28 ’ ’ POS work_27j75zbdvbduhd2fxzmr2pewhy 130 29 short short JJ work_27j75zbdvbduhd2fxzmr2pewhy 130 30 horizons horizon NNS work_27j75zbdvbduhd2fxzmr2pewhy 130 31 . . . work_27j75zbdvbduhd2fxzmr2pewhy 131 1 I -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 131 2 denote denote VBP work_27j75zbdvbduhd2fxzmr2pewhy 131 3 all all PDT work_27j75zbdvbduhd2fxzmr2pewhy 131 4 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 131 5 variables variable NNS work_27j75zbdvbduhd2fxzmr2pewhy 131 6 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 131 7 this this DT work_27j75zbdvbduhd2fxzmr2pewhy 131 8 long long JJ work_27j75zbdvbduhd2fxzmr2pewhy 131 9 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 131 10 horizon horizon NN work_27j75zbdvbduhd2fxzmr2pewhy 131 11 case case NN work_27j75zbdvbduhd2fxzmr2pewhy 131 12 using use VBG work_27j75zbdvbduhd2fxzmr2pewhy 131 13 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 131 14 same same JJ work_27j75zbdvbduhd2fxzmr2pewhy 131 15 notations notation NNS work_27j75zbdvbduhd2fxzmr2pewhy 131 16 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 131 17 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 131 18 top top NN work_27j75zbdvbduhd2fxzmr2pewhy 131 19 “ " `` work_27j75zbdvbduhd2fxzmr2pewhy 131 20 ˆ ˆ NN work_27j75zbdvbduhd2fxzmr2pewhy 131 21 ” " '' work_27j75zbdvbduhd2fxzmr2pewhy 131 22 . . . work_27j75zbdvbduhd2fxzmr2pewhy 132 1 For for IN work_27j75zbdvbduhd2fxzmr2pewhy 132 2 example example NN work_27j75zbdvbduhd2fxzmr2pewhy 132 3 , , , work_27j75zbdvbduhd2fxzmr2pewhy 132 4 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 132 5 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 132 6 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 132 7 this this DT work_27j75zbdvbduhd2fxzmr2pewhy 132 8 long long JJ work_27j75zbdvbduhd2fxzmr2pewhy 132 9 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 132 10 horizon horizon NN work_27j75zbdvbduhd2fxzmr2pewhy 132 11 economy economy NN work_27j75zbdvbduhd2fxzmr2pewhy 132 12 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 132 13 “ " `` work_27j75zbdvbduhd2fxzmr2pewhy 132 14 p̂1 p̂1 ADD work_27j75zbdvbduhd2fxzmr2pewhy 132 15 ” " '' work_27j75zbdvbduhd2fxzmr2pewhy 132 16 . . . work_27j75zbdvbduhd2fxzmr2pewhy 133 1 Lemma Lemma NNP work_27j75zbdvbduhd2fxzmr2pewhy 133 2 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 133 3 . . . work_27j75zbdvbduhd2fxzmr2pewhy 134 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 134 2 long long JJ work_27j75zbdvbduhd2fxzmr2pewhy 134 3 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 134 4 horizon horizon NN work_27j75zbdvbduhd2fxzmr2pewhy 134 5 equilibrium equilibrium NN work_27j75zbdvbduhd2fxzmr2pewhy 134 6 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 134 7 described describe VBN work_27j75zbdvbduhd2fxzmr2pewhy 134 8 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 134 9 p̂1 p̂1 ADD work_27j75zbdvbduhd2fxzmr2pewhy 134 10 . . . work_27j75zbdvbduhd2fxzmr2pewhy 135 1 p̂1 p̂1 ADD work_27j75zbdvbduhd2fxzmr2pewhy 135 2 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 135 3 b̂z b̂z NNP work_27j75zbdvbduhd2fxzmr2pewhy 135 4 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 135 5 ĉθ ĉθ NNP work_27j75zbdvbduhd2fxzmr2pewhy 135 6 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 135 7 d̂s1 d̂s1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 135 8 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 135 9 6 6 CD work_27j75zbdvbduhd2fxzmr2pewhy 135 10 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 135 11 where where WRB work_27j75zbdvbduhd2fxzmr2pewhy 135 12 b̂ b̂ NNP work_27j75zbdvbduhd2fxzmr2pewhy 135 13 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 135 14 α α NNP work_27j75zbdvbduhd2fxzmr2pewhy 135 15 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 135 16 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 135 17 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 135 18 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 135 19 ρ1 ρ1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 135 20 ĉ ĉ NNP work_27j75zbdvbduhd2fxzmr2pewhy 135 21 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 135 22 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 135 23 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 135 24 ρ1 ρ1 NN work_27j75zbdvbduhd2fxzmr2pewhy 135 25 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 135 26 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 135 27 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 135 28 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 135 29 ρ1 ρ1 NN work_27j75zbdvbduhd2fxzmr2pewhy 135 30 d̂ d̂ NNP work_27j75zbdvbduhd2fxzmr2pewhy 135 31 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 135 32 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 135 33 βτ βτ NN work_27j75zbdvbduhd2fxzmr2pewhy 135 34 β β NNP work_27j75zbdvbduhd2fxzmr2pewhy 135 35 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 135 36 ρ1 ρ1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 135 37 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 135 38 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 135 39 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 135 40 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 135 41 ρ1 ρ1 NN work_27j75zbdvbduhd2fxzmr2pewhy 135 42 ρ1 ρ1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 135 43 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 135 44 β β NNP work_27j75zbdvbduhd2fxzmr2pewhy 135 45 2τ 2τ NNP work_27j75zbdvbduhd2fxzmr2pewhy 135 46 2γ1 2γ1 CD work_27j75zbdvbduhd2fxzmr2pewhy 135 47 4Allen 4allen CD work_27j75zbdvbduhd2fxzmr2pewhy 135 48 , , , work_27j75zbdvbduhd2fxzmr2pewhy 135 49 Morris Morris NNP work_27j75zbdvbduhd2fxzmr2pewhy 135 50 , , , work_27j75zbdvbduhd2fxzmr2pewhy 135 51 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 135 52 Shin Shin NNP work_27j75zbdvbduhd2fxzmr2pewhy 135 53 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 135 54 2006 2006 CD work_27j75zbdvbduhd2fxzmr2pewhy 135 55 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 135 56 use use NN work_27j75zbdvbduhd2fxzmr2pewhy 135 57 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 135 58 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 135 59 benchmark benchmark NN work_27j75zbdvbduhd2fxzmr2pewhy 135 60 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 135 61 consensus consensus NN work_27j75zbdvbduhd2fxzmr2pewhy 135 62 fundamental fundamental JJ work_27j75zbdvbduhd2fxzmr2pewhy 135 63 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 135 64 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 135 65 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 135 66 short short JJ work_27j75zbdvbduhd2fxzmr2pewhy 135 67 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 135 68 horizon horizon NN work_27j75zbdvbduhd2fxzmr2pewhy 135 69 economy economy NN work_27j75zbdvbduhd2fxzmr2pewhy 135 70 . . . work_27j75zbdvbduhd2fxzmr2pewhy 136 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 136 2 two two CD work_27j75zbdvbduhd2fxzmr2pewhy 136 3 benchmarks benchmark NNS work_27j75zbdvbduhd2fxzmr2pewhy 136 4 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 136 5 only only RB work_27j75zbdvbduhd2fxzmr2pewhy 136 6 slightly slightly RB work_27j75zbdvbduhd2fxzmr2pewhy 136 7 different different JJ work_27j75zbdvbduhd2fxzmr2pewhy 136 8 . . . work_27j75zbdvbduhd2fxzmr2pewhy 137 1 Moreover moreover RB work_27j75zbdvbduhd2fxzmr2pewhy 137 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 137 3 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 137 4 difference difference NN work_27j75zbdvbduhd2fxzmr2pewhy 137 5 does do VBZ work_27j75zbdvbduhd2fxzmr2pewhy 137 6 not not RB work_27j75zbdvbduhd2fxzmr2pewhy 137 7 affect affect VB work_27j75zbdvbduhd2fxzmr2pewhy 137 8 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 137 9 main main JJ work_27j75zbdvbduhd2fxzmr2pewhy 137 10 results result NNS work_27j75zbdvbduhd2fxzmr2pewhy 137 11 but but CC work_27j75zbdvbduhd2fxzmr2pewhy 137 12 makes make VBZ work_27j75zbdvbduhd2fxzmr2pewhy 137 13 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 137 14 interpretation interpretation NN work_27j75zbdvbduhd2fxzmr2pewhy 137 15 easier easy JJR work_27j75zbdvbduhd2fxzmr2pewhy 137 16 , , , work_27j75zbdvbduhd2fxzmr2pewhy 137 17 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 137 18 we -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 137 19 shall shall MD work_27j75zbdvbduhd2fxzmr2pewhy 137 20 see see VB work_27j75zbdvbduhd2fxzmr2pewhy 137 21 soon soon RB work_27j75zbdvbduhd2fxzmr2pewhy 137 22 . . . work_27j75zbdvbduhd2fxzmr2pewhy 138 1 In in IN work_27j75zbdvbduhd2fxzmr2pewhy 138 2 addition addition NN work_27j75zbdvbduhd2fxzmr2pewhy 138 3 , , , work_27j75zbdvbduhd2fxzmr2pewhy 138 4 Allen Allen NNP work_27j75zbdvbduhd2fxzmr2pewhy 138 5 , , , work_27j75zbdvbduhd2fxzmr2pewhy 138 6 Morris Morris NNP work_27j75zbdvbduhd2fxzmr2pewhy 138 7 , , , work_27j75zbdvbduhd2fxzmr2pewhy 138 8 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 138 9 Shin Shin NNP work_27j75zbdvbduhd2fxzmr2pewhy 138 10 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 138 11 2006 2006 CD work_27j75zbdvbduhd2fxzmr2pewhy 138 12 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 138 13 define define VB work_27j75zbdvbduhd2fxzmr2pewhy 138 14 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 138 15 long- long- JJ work_27j75zbdvbduhd2fxzmr2pewhy 138 16 horizon horizon NN work_27j75zbdvbduhd2fxzmr2pewhy 138 17 economy economy NN work_27j75zbdvbduhd2fxzmr2pewhy 138 18 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 138 19 one one CD work_27j75zbdvbduhd2fxzmr2pewhy 138 20 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 138 21 which which WDT work_27j75zbdvbduhd2fxzmr2pewhy 138 22 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 138 23 live live VBP work_27j75zbdvbduhd2fxzmr2pewhy 138 24 longer long RBR work_27j75zbdvbduhd2fxzmr2pewhy 138 25 than than IN work_27j75zbdvbduhd2fxzmr2pewhy 138 26 one one CD work_27j75zbdvbduhd2fxzmr2pewhy 138 27 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 138 28 , , , work_27j75zbdvbduhd2fxzmr2pewhy 138 29 resulting result VBG work_27j75zbdvbduhd2fxzmr2pewhy 138 30 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 138 31 difficulty difficulty NN work_27j75zbdvbduhd2fxzmr2pewhy 138 32 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 138 33 solving solve VBG work_27j75zbdvbduhd2fxzmr2pewhy 138 34 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 138 35 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 138 36 close close JJ work_27j75zbdvbduhd2fxzmr2pewhy 138 37 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 138 38 form form NN work_27j75zbdvbduhd2fxzmr2pewhy 138 39 equilibrium equilibrium NN work_27j75zbdvbduhd2fxzmr2pewhy 138 40 . . . work_27j75zbdvbduhd2fxzmr2pewhy 139 1 11 11 CD work_27j75zbdvbduhd2fxzmr2pewhy 139 2 Note note VBP work_27j75zbdvbduhd2fxzmr2pewhy 139 3 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 139 4 p̂1 p̂1 . work_27j75zbdvbduhd2fxzmr2pewhy 139 5 differs differ NNS work_27j75zbdvbduhd2fxzmr2pewhy 139 6 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 139 7 p2 p2 NN work_27j75zbdvbduhd2fxzmr2pewhy 139 8 , , , work_27j75zbdvbduhd2fxzmr2pewhy 139 9 although although IN work_27j75zbdvbduhd2fxzmr2pewhy 139 10 both both DT work_27j75zbdvbduhd2fxzmr2pewhy 139 11 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 139 12 generated generate VBN work_27j75zbdvbduhd2fxzmr2pewhy 139 13 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 139 14 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 139 15 long long JJ work_27j75zbdvbduhd2fxzmr2pewhy 139 16 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 139 17 horizon horizon NN work_27j75zbdvbduhd2fxzmr2pewhy 139 18 economy economy NN work_27j75zbdvbduhd2fxzmr2pewhy 139 19 . . . work_27j75zbdvbduhd2fxzmr2pewhy 140 1 p2 p2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 140 2 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 140 3 not not RB work_27j75zbdvbduhd2fxzmr2pewhy 140 4 directly directly RB work_27j75zbdvbduhd2fxzmr2pewhy 140 5 comparable comparable JJ work_27j75zbdvbduhd2fxzmr2pewhy 140 6 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 140 7 p1 p1 NN work_27j75zbdvbduhd2fxzmr2pewhy 140 8 because because IN work_27j75zbdvbduhd2fxzmr2pewhy 140 9 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 140 10 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 140 11 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 140 12 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 140 13 have have VBP work_27j75zbdvbduhd2fxzmr2pewhy 140 14 additional additional JJ work_27j75zbdvbduhd2fxzmr2pewhy 140 15 access access NN work_27j75zbdvbduhd2fxzmr2pewhy 140 16 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 140 17 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 140 18 p1 p1 NN work_27j75zbdvbduhd2fxzmr2pewhy 140 19 which which WDT work_27j75zbdvbduhd2fxzmr2pewhy 140 20 conveys convey VBZ work_27j75zbdvbduhd2fxzmr2pewhy 140 21 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 140 22 private private JJ work_27j75zbdvbduhd2fxzmr2pewhy 140 23 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 140 24 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 140 25 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 140 26 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 140 27 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 140 28 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 140 29 . . . work_27j75zbdvbduhd2fxzmr2pewhy 141 1 Figure figure NN work_27j75zbdvbduhd2fxzmr2pewhy 141 2 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 141 3 summarizes summarize VBZ work_27j75zbdvbduhd2fxzmr2pewhy 141 4 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 141 5 relation relation NN work_27j75zbdvbduhd2fxzmr2pewhy 141 6 between between IN work_27j75zbdvbduhd2fxzmr2pewhy 141 7 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 141 8 short short JJ work_27j75zbdvbduhd2fxzmr2pewhy 141 9 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 141 10 horizon horizon NN work_27j75zbdvbduhd2fxzmr2pewhy 141 11 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 141 12 long long JJ work_27j75zbdvbduhd2fxzmr2pewhy 141 13 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 141 14 horizon horizon NN work_27j75zbdvbduhd2fxzmr2pewhy 141 15 equilibria equilibria NN work_27j75zbdvbduhd2fxzmr2pewhy 141 16 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 141 17 comparing compare VBG work_27j75zbdvbduhd2fxzmr2pewhy 141 18 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 141 19 first first JJ work_27j75zbdvbduhd2fxzmr2pewhy 141 20 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 141 21 best good JJS work_27j75zbdvbduhd2fxzmr2pewhy 141 22 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 141 23 pf pf NNP work_27j75zbdvbduhd2fxzmr2pewhy 141 24 b b NNP work_27j75zbdvbduhd2fxzmr2pewhy 141 25 , , , work_27j75zbdvbduhd2fxzmr2pewhy 141 26 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 141 27 expected expect VBN work_27j75zbdvbduhd2fxzmr2pewhy 141 28 long long JJ work_27j75zbdvbduhd2fxzmr2pewhy 141 29 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 141 30 horizon horizon NN work_27j75zbdvbduhd2fxzmr2pewhy 141 31 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 141 32 Es1p̂1 es1p̂1 NN work_27j75zbdvbduhd2fxzmr2pewhy 141 33 , , , work_27j75zbdvbduhd2fxzmr2pewhy 141 34 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 141 35 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 141 36 expected expect VBN work_27j75zbdvbduhd2fxzmr2pewhy 141 37 short- short- NNS work_27j75zbdvbduhd2fxzmr2pewhy 141 38 horizon horizon NN work_27j75zbdvbduhd2fxzmr2pewhy 141 39 price price NNP work_27j75zbdvbduhd2fxzmr2pewhy 141 40 Es1p1 es1p1 XX work_27j75zbdvbduhd2fxzmr2pewhy 141 41 . . . work_27j75zbdvbduhd2fxzmr2pewhy 142 1 Given give VBN work_27j75zbdvbduhd2fxzmr2pewhy 142 2 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 142 3 focus focus NN work_27j75zbdvbduhd2fxzmr2pewhy 142 4 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 142 5 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 142 6 impact impact NN work_27j75zbdvbduhd2fxzmr2pewhy 142 7 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 142 8 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 142 9 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 142 10 , , , work_27j75zbdvbduhd2fxzmr2pewhy 142 11 we -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 142 12 use use VBP work_27j75zbdvbduhd2fxzmr2pewhy 142 13 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 142 14 expected expect VBN work_27j75zbdvbduhd2fxzmr2pewhy 142 15 prices price NNS work_27j75zbdvbduhd2fxzmr2pewhy 142 16 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 142 17 respect respect NN work_27j75zbdvbduhd2fxzmr2pewhy 142 18 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 142 19 supply supply VB work_27j75zbdvbduhd2fxzmr2pewhy 142 20 noise noise NN work_27j75zbdvbduhd2fxzmr2pewhy 142 21 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 142 22 get get VB work_27j75zbdvbduhd2fxzmr2pewhy 142 23 around around IN work_27j75zbdvbduhd2fxzmr2pewhy 142 24 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 142 25 confounding confound VBG work_27j75zbdvbduhd2fxzmr2pewhy 142 26 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 142 27 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 142 28 supply supply NN work_27j75zbdvbduhd2fxzmr2pewhy 142 29 noise noise NN work_27j75zbdvbduhd2fxzmr2pewhy 142 30 . . . work_27j75zbdvbduhd2fxzmr2pewhy 143 1 F f NN work_27j75zbdvbduhd2fxzmr2pewhy 143 2 igure igure NN work_27j75zbdvbduhd2fxzmr2pewhy 143 3 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 143 4 : : : work_27j75zbdvbduhd2fxzmr2pewhy 143 5 T t NN work_27j75zbdvbduhd2fxzmr2pewhy 143 6 he -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 143 7 Keynesian Keynesian NNP work_27j75zbdvbduhd2fxzmr2pewhy 143 8 Beauty Beauty NNP work_27j75zbdvbduhd2fxzmr2pewhy 143 9 Contest Contest NNP work_27j75zbdvbduhd2fxzmr2pewhy 143 10 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 143 11 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 143 12 N n NN work_27j75zbdvbduhd2fxzmr2pewhy 143 13 oise oise NN work_27j75zbdvbduhd2fxzmr2pewhy 143 14 Ef Ef NNP work_27j75zbdvbduhd2fxzmr2pewhy 143 15 f f PRP work_27j75zbdvbduhd2fxzmr2pewhy 143 16 ect ect VB work_27j75zbdvbduhd2fxzmr2pewhy 143 17 ✞ ✞ CD work_27j75zbdvbduhd2fxzmr2pewhy 143 18 ☎ ☎ VBN work_27j75zbdvbduhd2fxzmr2pewhy 143 19 T t NN work_27j75zbdvbduhd2fxzmr2pewhy 143 20 he -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 143 21 N n CD work_27j75zbdvbduhd2fxzmr2pewhy 143 22 oise oise NN work_27j75zbdvbduhd2fxzmr2pewhy 143 23 Ef Ef NNP work_27j75zbdvbduhd2fxzmr2pewhy 143 24 f f PRP work_27j75zbdvbduhd2fxzmr2pewhy 143 25 ect ect VB work_27j75zbdvbduhd2fxzmr2pewhy 143 26 ✞ ✞ CD work_27j75zbdvbduhd2fxzmr2pewhy 143 27 ☎ ☎ VBN work_27j75zbdvbduhd2fxzmr2pewhy 143 28 T t NN work_27j75zbdvbduhd2fxzmr2pewhy 143 29 he -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 143 30 Keynesian Keynesian NNP work_27j75zbdvbduhd2fxzmr2pewhy 143 31 Beauty Beauty NNP work_27j75zbdvbduhd2fxzmr2pewhy 143 32 Contest Contest NNP work_27j75zbdvbduhd2fxzmr2pewhy 143 33 z z NNP work_27j75zbdvbduhd2fxzmr2pewhy 143 34 P p NN work_27j75zbdvbduhd2fxzmr2pewhy 143 35 ublic ublic JJ work_27j75zbdvbduhd2fxzmr2pewhy 143 36 inf inf NN work_27j75zbdvbduhd2fxzmr2pewhy 143 37 ormation ormation NN work_27j75zbdvbduhd2fxzmr2pewhy 143 38 Es1 es1 NN work_27j75zbdvbduhd2fxzmr2pewhy 143 39 p1 p1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 143 40 6= 6= NNP work_27j75zbdvbduhd2fxzmr2pewhy 143 41 Ē1[θ|I1 ē1[θ|i1 RB work_27j75zbdvbduhd2fxzmr2pewhy 143 42 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 143 43 Short Short NNP work_27j75zbdvbduhd2fxzmr2pewhy 143 44 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 143 45 horizon horizon NN work_27j75zbdvbduhd2fxzmr2pewhy 143 46 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 143 47 Es1 es1 NN work_27j75zbdvbduhd2fxzmr2pewhy 143 48 p̂1 p̂1 ADD work_27j75zbdvbduhd2fxzmr2pewhy 143 49 = = NFP work_27j75zbdvbduhd2fxzmr2pewhy 143 50 Ē1[θ|Î1 ē1[θ|î1 NN work_27j75zbdvbduhd2fxzmr2pewhy 143 51 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 143 52 Long Long NNP work_27j75zbdvbduhd2fxzmr2pewhy 143 53 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 143 54 horizon horizon NN work_27j75zbdvbduhd2fxzmr2pewhy 143 55 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 143 56 pf pf NNP work_27j75zbdvbduhd2fxzmr2pewhy 143 57 b b NNP work_27j75zbdvbduhd2fxzmr2pewhy 143 58 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 143 59 θ θ NNP work_27j75zbdvbduhd2fxzmr2pewhy 143 60 T T NNP work_27j75zbdvbduhd2fxzmr2pewhy 143 61 he -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 143 62 f f XX work_27j75zbdvbduhd2fxzmr2pewhy 143 63 irst irst RB work_27j75zbdvbduhd2fxzmr2pewhy 143 64 best good JJS work_27j75zbdvbduhd2fxzmr2pewhy 143 65 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 143 66 Ē1 ē1 CD work_27j75zbdvbduhd2fxzmr2pewhy 143 67 [ [ -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 143 68 · · NFP work_27j75zbdvbduhd2fxzmr2pewhy 143 69 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 143 70 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 143 71 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 143 72 operator operator NN work_27j75zbdvbduhd2fxzmr2pewhy 143 73 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 143 74 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 143 75 consensus consensus NN work_27j75zbdvbduhd2fxzmr2pewhy 143 76 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 143 77 taking take VBG work_27j75zbdvbduhd2fxzmr2pewhy 143 78 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 143 79 average average NN work_27j75zbdvbduhd2fxzmr2pewhy 143 80 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 143 81 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 143 82 ’ ’ POS work_27j75zbdvbduhd2fxzmr2pewhy 143 83 expectations expectation NNS work_27j75zbdvbduhd2fxzmr2pewhy 143 84 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 143 85 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 143 86 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 143 87 . . . work_27j75zbdvbduhd2fxzmr2pewhy 144 1 Since since IN work_27j75zbdvbduhd2fxzmr2pewhy 144 2 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 144 3 learn learn VBP work_27j75zbdvbduhd2fxzmr2pewhy 144 4 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 144 5 different different JJ work_27j75zbdvbduhd2fxzmr2pewhy 144 6 prices price NNS work_27j75zbdvbduhd2fxzmr2pewhy 144 7 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 144 8 two two CD work_27j75zbdvbduhd2fxzmr2pewhy 144 9 economies economy NNS work_27j75zbdvbduhd2fxzmr2pewhy 144 10 , , , work_27j75zbdvbduhd2fxzmr2pewhy 144 11 p1 p1 NN work_27j75zbdvbduhd2fxzmr2pewhy 144 12 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 144 13 p̂1 p̂1 NN work_27j75zbdvbduhd2fxzmr2pewhy 144 14 , , , work_27j75zbdvbduhd2fxzmr2pewhy 144 15 Î1 î1 ADD work_27j75zbdvbduhd2fxzmr2pewhy 144 16 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 144 17 slightly slightly RB work_27j75zbdvbduhd2fxzmr2pewhy 144 18 differ- differ- JJ work_27j75zbdvbduhd2fxzmr2pewhy 144 19 ent ent NN work_27j75zbdvbduhd2fxzmr2pewhy 144 20 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 144 21 I1 I1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 144 22 , , , work_27j75zbdvbduhd2fxzmr2pewhy 144 23 resulting result VBG work_27j75zbdvbduhd2fxzmr2pewhy 144 24 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 144 25 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 144 26 difference difference NN work_27j75zbdvbduhd2fxzmr2pewhy 144 27 between between IN work_27j75zbdvbduhd2fxzmr2pewhy 144 28 two two CD work_27j75zbdvbduhd2fxzmr2pewhy 144 29 metrics metric NNS work_27j75zbdvbduhd2fxzmr2pewhy 144 30 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 144 31 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 144 32 consensus consensus NN work_27j75zbdvbduhd2fxzmr2pewhy 144 33 fundamental fundamental JJ work_27j75zbdvbduhd2fxzmr2pewhy 144 34 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 144 35 , , , work_27j75zbdvbduhd2fxzmr2pewhy 144 36 Ē1[θ|I1 Ē1[θ|I1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 144 37 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 144 38 = = NN work_27j75zbdvbduhd2fxzmr2pewhy 144 39 α α XX work_27j75zbdvbduhd2fxzmr2pewhy 144 40 α+β+ρ α+β+ρ NNP work_27j75zbdvbduhd2fxzmr2pewhy 144 41 z z NN work_27j75zbdvbduhd2fxzmr2pewhy 144 42 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 144 43 β+ρ β+ρ NNP work_27j75zbdvbduhd2fxzmr2pewhy 144 44 α+β+ρ α+β+ρ NNP work_27j75zbdvbduhd2fxzmr2pewhy 144 45 θ θ NNP work_27j75zbdvbduhd2fxzmr2pewhy 144 46 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 144 47 Ē1[θ|Î1 Ē1[θ|Î1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 144 48 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 144 49 = = NN work_27j75zbdvbduhd2fxzmr2pewhy 144 50 α α NNP work_27j75zbdvbduhd2fxzmr2pewhy 144 51 α+β+ρ1 α+β+ρ1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 144 52 z z NN work_27j75zbdvbduhd2fxzmr2pewhy 144 53 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 144 54 β+ρ1 β+ρ1 JJ work_27j75zbdvbduhd2fxzmr2pewhy 144 55 α+β+ρ1 α+β+ρ1 JJ work_27j75zbdvbduhd2fxzmr2pewhy 144 56 θ θ NN work_27j75zbdvbduhd2fxzmr2pewhy 144 57 . . . work_27j75zbdvbduhd2fxzmr2pewhy 145 1 However however RB work_27j75zbdvbduhd2fxzmr2pewhy 145 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 145 3 because because IN work_27j75zbdvbduhd2fxzmr2pewhy 145 4 both both DT work_27j75zbdvbduhd2fxzmr2pewhy 145 5 ρ ρ NNP work_27j75zbdvbduhd2fxzmr2pewhy 145 6 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 145 7 ρ1 ρ1 NN work_27j75zbdvbduhd2fxzmr2pewhy 145 8 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 145 9 independent independent JJ work_27j75zbdvbduhd2fxzmr2pewhy 145 10 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 145 11 α α XX work_27j75zbdvbduhd2fxzmr2pewhy 145 12 , , , work_27j75zbdvbduhd2fxzmr2pewhy 145 13 using use VBG work_27j75zbdvbduhd2fxzmr2pewhy 145 14 either either DT work_27j75zbdvbduhd2fxzmr2pewhy 145 15 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 145 16 them -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 145 17 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 145 18 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 145 19 benchmark benchmark NN work_27j75zbdvbduhd2fxzmr2pewhy 145 20 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 145 21 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 145 22 extra extra JJ work_27j75zbdvbduhd2fxzmr2pewhy 145 23 weight weight NN work_27j75zbdvbduhd2fxzmr2pewhy 145 24 does do VBZ work_27j75zbdvbduhd2fxzmr2pewhy 145 25 not not RB work_27j75zbdvbduhd2fxzmr2pewhy 145 26 qualita- qualita- VB work_27j75zbdvbduhd2fxzmr2pewhy 145 27 tively tively RB work_27j75zbdvbduhd2fxzmr2pewhy 145 28 affect affect VB work_27j75zbdvbduhd2fxzmr2pewhy 145 29 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 145 30 main main JJ work_27j75zbdvbduhd2fxzmr2pewhy 145 31 results result NNS work_27j75zbdvbduhd2fxzmr2pewhy 145 32 . . . work_27j75zbdvbduhd2fxzmr2pewhy 146 1 Thus thus RB work_27j75zbdvbduhd2fxzmr2pewhy 146 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 146 3 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 146 4 ease ease NN work_27j75zbdvbduhd2fxzmr2pewhy 146 5 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 146 6 exposition exposition NN work_27j75zbdvbduhd2fxzmr2pewhy 146 7 , , , work_27j75zbdvbduhd2fxzmr2pewhy 146 8 I -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 146 9 omit omit VBP work_27j75zbdvbduhd2fxzmr2pewhy 146 10 their -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 146 11 difference difference NN work_27j75zbdvbduhd2fxzmr2pewhy 146 12 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 146 13 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 146 14 subsequent subsequent JJ work_27j75zbdvbduhd2fxzmr2pewhy 146 15 discussion discussion NN work_27j75zbdvbduhd2fxzmr2pewhy 146 16 . . . work_27j75zbdvbduhd2fxzmr2pewhy 147 1 pf pf NNP work_27j75zbdvbduhd2fxzmr2pewhy 147 2 b b NNP work_27j75zbdvbduhd2fxzmr2pewhy 147 3 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 147 4 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 147 5 fundamental fundamental JJ work_27j75zbdvbduhd2fxzmr2pewhy 147 6 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 147 7 or or CC work_27j75zbdvbduhd2fxzmr2pewhy 147 8 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 147 9 first first JJ work_27j75zbdvbduhd2fxzmr2pewhy 147 10 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 147 11 best good JJS work_27j75zbdvbduhd2fxzmr2pewhy 147 12 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 147 13 when when WRB work_27j75zbdvbduhd2fxzmr2pewhy 147 14 there there EX work_27j75zbdvbduhd2fxzmr2pewhy 147 15 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 147 16 neither neither DT work_27j75zbdvbduhd2fxzmr2pewhy 147 17 supply supply NN work_27j75zbdvbduhd2fxzmr2pewhy 147 18 noise noise NN work_27j75zbdvbduhd2fxzmr2pewhy 147 19 nor nor CC work_27j75zbdvbduhd2fxzmr2pewhy 147 20 short short JJ work_27j75zbdvbduhd2fxzmr2pewhy 147 21 horizons horizon NNS work_27j75zbdvbduhd2fxzmr2pewhy 147 22 . . . work_27j75zbdvbduhd2fxzmr2pewhy 148 1 Supply supply NN work_27j75zbdvbduhd2fxzmr2pewhy 148 2 noise noise NN work_27j75zbdvbduhd2fxzmr2pewhy 148 3 prevents prevent VBZ work_27j75zbdvbduhd2fxzmr2pewhy 148 4 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 148 5 full full JJ work_27j75zbdvbduhd2fxzmr2pewhy 148 6 expression expression NN work_27j75zbdvbduhd2fxzmr2pewhy 148 7 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 148 8 private private JJ work_27j75zbdvbduhd2fxzmr2pewhy 148 9 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 148 10 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 148 11 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 148 12 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 148 13 . . . work_27j75zbdvbduhd2fxzmr2pewhy 149 1 12 12 CD work_27j75zbdvbduhd2fxzmr2pewhy 149 2 This this DT work_27j75zbdvbduhd2fxzmr2pewhy 149 3 noise noise NN work_27j75zbdvbduhd2fxzmr2pewhy 149 4 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 149 5 drives drive VBZ work_27j75zbdvbduhd2fxzmr2pewhy 149 6 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 149 7 expected expect VBN work_27j75zbdvbduhd2fxzmr2pewhy 149 8 long long JJ work_27j75zbdvbduhd2fxzmr2pewhy 149 9 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 149 10 horizon horizon NN work_27j75zbdvbduhd2fxzmr2pewhy 149 11 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 149 12 , , , work_27j75zbdvbduhd2fxzmr2pewhy 149 13 Es1 es1 NN work_27j75zbdvbduhd2fxzmr2pewhy 149 14 p̂1 p̂1 NN work_27j75zbdvbduhd2fxzmr2pewhy 149 15 , , , work_27j75zbdvbduhd2fxzmr2pewhy 149 16 away away RB work_27j75zbdvbduhd2fxzmr2pewhy 149 17 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 149 18 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 149 19 fundamental fundamental JJ work_27j75zbdvbduhd2fxzmr2pewhy 149 20 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 149 21 toward toward IN work_27j75zbdvbduhd2fxzmr2pewhy 149 22 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 149 23 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 149 24 . . . work_27j75zbdvbduhd2fxzmr2pewhy 150 1 One one CD work_27j75zbdvbduhd2fxzmr2pewhy 150 2 prominent prominent JJ work_27j75zbdvbduhd2fxzmr2pewhy 150 3 feature feature NN work_27j75zbdvbduhd2fxzmr2pewhy 150 4 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 150 5 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 150 6 noise noise NN work_27j75zbdvbduhd2fxzmr2pewhy 150 7 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 150 8 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 150 9 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 150 10 Es1 es1 NN work_27j75zbdvbduhd2fxzmr2pewhy 150 11 p̂1 p̂1 : work_27j75zbdvbduhd2fxzmr2pewhy 150 12 coincides coincide VBZ work_27j75zbdvbduhd2fxzmr2pewhy 150 13 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 150 14 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 150 15 consensus consensus NN work_27j75zbdvbduhd2fxzmr2pewhy 150 16 fundamental fundamental JJ work_27j75zbdvbduhd2fxzmr2pewhy 150 17 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 150 18 , , , work_27j75zbdvbduhd2fxzmr2pewhy 150 19 Ē1[θ|Î1 Ē1[θ|Î1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 150 20 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 150 21 . . . work_27j75zbdvbduhd2fxzmr2pewhy 151 1 5 5 CD work_27j75zbdvbduhd2fxzmr2pewhy 151 2 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 151 3 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 151 4 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 151 5 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 151 6 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 151 7 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 151 8 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 151 9 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 151 10 characterized characterize VBN work_27j75zbdvbduhd2fxzmr2pewhy 151 11 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 151 12 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 151 13 further further JJ work_27j75zbdvbduhd2fxzmr2pewhy 151 14 deviation deviation NN work_27j75zbdvbduhd2fxzmr2pewhy 151 15 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 151 16 Es1 Es1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 151 17 p1 p1 NN work_27j75zbdvbduhd2fxzmr2pewhy 151 18 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 151 19 Es1 Es1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 151 20 p̂1 p̂1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 151 21 toward toward IN work_27j75zbdvbduhd2fxzmr2pewhy 151 22 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 151 23 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 151 24 . . . work_27j75zbdvbduhd2fxzmr2pewhy 152 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 152 2 Keynesian Keynesian NNP work_27j75zbdvbduhd2fxzmr2pewhy 152 3 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 152 4 beauty- beauty- JJ work_27j75zbdvbduhd2fxzmr2pewhy 152 5 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 152 6 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 152 7 differs differ VBZ work_27j75zbdvbduhd2fxzmr2pewhy 152 8 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 152 9 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 152 10 noise noise NN work_27j75zbdvbduhd2fxzmr2pewhy 152 11 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 152 12 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 152 13 that that DT work_27j75zbdvbduhd2fxzmr2pewhy 152 14 Es1 es1 NN work_27j75zbdvbduhd2fxzmr2pewhy 152 15 p1 p1 NN work_27j75zbdvbduhd2fxzmr2pewhy 152 16 deviates deviate VBZ work_27j75zbdvbduhd2fxzmr2pewhy 152 17 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 152 18 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 152 19 consensus consensus NN work_27j75zbdvbduhd2fxzmr2pewhy 152 20 fundamental fundamental JJ work_27j75zbdvbduhd2fxzmr2pewhy 152 21 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 152 22 , , , work_27j75zbdvbduhd2fxzmr2pewhy 152 23 either either CC work_27j75zbdvbduhd2fxzmr2pewhy 152 24 Ē1[θ|I1 ē1[θ|i1 RB work_27j75zbdvbduhd2fxzmr2pewhy 152 25 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 152 26 or or CC work_27j75zbdvbduhd2fxzmr2pewhy 152 27 Ē1[θ|Î1 Ē1[θ|Î1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 152 28 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 152 29 . . . work_27j75zbdvbduhd2fxzmr2pewhy 153 1 Thus thus RB work_27j75zbdvbduhd2fxzmr2pewhy 153 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 153 3 although although IN work_27j75zbdvbduhd2fxzmr2pewhy 153 4 both both DT work_27j75zbdvbduhd2fxzmr2pewhy 153 5 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 153 6 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 153 7 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 153 8 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 153 9 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 153 10 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 153 11 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 153 12 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 153 13 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 153 14 noise noise NNP work_27j75zbdvbduhd2fxzmr2pewhy 153 15 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 153 16 bias bias NNP work_27j75zbdvbduhd2fxzmr2pewhy 153 17 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 153 18 prices price NNS work_27j75zbdvbduhd2fxzmr2pewhy 153 19 toward toward IN work_27j75zbdvbduhd2fxzmr2pewhy 153 20 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 153 21 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 153 22 , , , work_27j75zbdvbduhd2fxzmr2pewhy 153 23 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 153 24 discrepancy discrepancy NN work_27j75zbdvbduhd2fxzmr2pewhy 153 25 between between IN work_27j75zbdvbduhd2fxzmr2pewhy 153 26 Es1 Es1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 153 27 p1 p1 NN work_27j75zbdvbduhd2fxzmr2pewhy 153 28 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 153 29 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 153 30 consensus consensus NN work_27j75zbdvbduhd2fxzmr2pewhy 153 31 fundamental fundamental JJ work_27j75zbdvbduhd2fxzmr2pewhy 153 32 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 153 33 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 153 34 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 153 35 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 153 36 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 153 37 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 153 38 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 153 39 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 153 40 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 153 41 provides provide VBZ work_27j75zbdvbduhd2fxzmr2pewhy 153 42 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 153 43 useful useful JJ work_27j75zbdvbduhd2fxzmr2pewhy 153 44 clue clue NN work_27j75zbdvbduhd2fxzmr2pewhy 153 45 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 153 46 empirically empirically RB work_27j75zbdvbduhd2fxzmr2pewhy 153 47 differentiate differentiate VB work_27j75zbdvbduhd2fxzmr2pewhy 153 48 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 153 49 two two CD work_27j75zbdvbduhd2fxzmr2pewhy 153 50 effects effect NNS work_27j75zbdvbduhd2fxzmr2pewhy 153 51 . . . work_27j75zbdvbduhd2fxzmr2pewhy 154 1 3.2 3.2 CD work_27j75zbdvbduhd2fxzmr2pewhy 154 2 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 154 3 Comparison Comparison NNP work_27j75zbdvbduhd2fxzmr2pewhy 154 4 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 154 5 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 154 6 Previous Previous NNP work_27j75zbdvbduhd2fxzmr2pewhy 154 7 Literature Literature NNP work_27j75zbdvbduhd2fxzmr2pewhy 154 8 Having have VBG work_27j75zbdvbduhd2fxzmr2pewhy 154 9 presented present VBD work_27j75zbdvbduhd2fxzmr2pewhy 154 10 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 154 11 closed closed JJ work_27j75zbdvbduhd2fxzmr2pewhy 154 12 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 154 13 form form NN work_27j75zbdvbduhd2fxzmr2pewhy 154 14 equilibrium equilibrium NN work_27j75zbdvbduhd2fxzmr2pewhy 154 15 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 154 16 Proposition Proposition NNP work_27j75zbdvbduhd2fxzmr2pewhy 154 17 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 154 18 , , , work_27j75zbdvbduhd2fxzmr2pewhy 154 19 I -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 154 20 briefly briefly RB work_27j75zbdvbduhd2fxzmr2pewhy 154 21 compare compare VBP work_27j75zbdvbduhd2fxzmr2pewhy 154 22 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 154 23 solution solution NN work_27j75zbdvbduhd2fxzmr2pewhy 154 24 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 154 25 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 154 26 model model NN work_27j75zbdvbduhd2fxzmr2pewhy 154 27 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 154 28 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 154 29 results result NNS work_27j75zbdvbduhd2fxzmr2pewhy 154 30 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 154 31 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 154 32 previous previous JJ work_27j75zbdvbduhd2fxzmr2pewhy 154 33 literature literature NN work_27j75zbdvbduhd2fxzmr2pewhy 154 34 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 154 35 multi multi JJ work_27j75zbdvbduhd2fxzmr2pewhy 154 36 - - JJ work_27j75zbdvbduhd2fxzmr2pewhy 154 37 period period JJ work_27j75zbdvbduhd2fxzmr2pewhy 154 38 noisy noisy NNP work_27j75zbdvbduhd2fxzmr2pewhy 154 39 rational rational JJ work_27j75zbdvbduhd2fxzmr2pewhy 154 40 expectations expectation NNS work_27j75zbdvbduhd2fxzmr2pewhy 154 41 economies economy NNS work_27j75zbdvbduhd2fxzmr2pewhy 154 42 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 154 43 short short JJ work_27j75zbdvbduhd2fxzmr2pewhy 154 44 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 154 45 horizon horizon NN work_27j75zbdvbduhd2fxzmr2pewhy 154 46 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 154 47 , , , work_27j75zbdvbduhd2fxzmr2pewhy 154 48 mainly mainly RB work_27j75zbdvbduhd2fxzmr2pewhy 154 49 Brown Brown NNP work_27j75zbdvbduhd2fxzmr2pewhy 154 50 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 154 51 Jennings Jennings NNP work_27j75zbdvbduhd2fxzmr2pewhy 154 52 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 154 53 1989 1989 CD work_27j75zbdvbduhd2fxzmr2pewhy 154 54 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 154 55 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 154 56 Allen Allen NNP work_27j75zbdvbduhd2fxzmr2pewhy 154 57 , , , work_27j75zbdvbduhd2fxzmr2pewhy 154 58 Morris Morris NNP work_27j75zbdvbduhd2fxzmr2pewhy 154 59 , , , work_27j75zbdvbduhd2fxzmr2pewhy 154 60 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 154 61 Shin Shin NNP work_27j75zbdvbduhd2fxzmr2pewhy 154 62 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 154 63 2006).6 2006).6 CD work_27j75zbdvbduhd2fxzmr2pewhy 154 64 This this DT work_27j75zbdvbduhd2fxzmr2pewhy 154 65 paper paper NN work_27j75zbdvbduhd2fxzmr2pewhy 154 66 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 154 67 an an DT work_27j75zbdvbduhd2fxzmr2pewhy 154 68 extension extension NN work_27j75zbdvbduhd2fxzmr2pewhy 154 69 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 154 70 Allen Allen NNP work_27j75zbdvbduhd2fxzmr2pewhy 154 71 , , , work_27j75zbdvbduhd2fxzmr2pewhy 154 72 Morris Morris NNP work_27j75zbdvbduhd2fxzmr2pewhy 154 73 , , , work_27j75zbdvbduhd2fxzmr2pewhy 154 74 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 154 75 Shin Shin NNP work_27j75zbdvbduhd2fxzmr2pewhy 154 76 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 154 77 2006 2006 CD work_27j75zbdvbduhd2fxzmr2pewhy 154 78 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 154 79 . . . work_27j75zbdvbduhd2fxzmr2pewhy 155 1 They -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 155 2 propose propose VBP work_27j75zbdvbduhd2fxzmr2pewhy 155 3 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 155 4 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 155 5 Keynesian- Keynesian- NNP work_27j75zbdvbduhd2fxzmr2pewhy 155 6 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 155 7 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 155 8 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 155 9 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 155 10 could could MD work_27j75zbdvbduhd2fxzmr2pewhy 155 11 arise arise VB work_27j75zbdvbduhd2fxzmr2pewhy 155 12 rationally rationally RB work_27j75zbdvbduhd2fxzmr2pewhy 155 13 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 155 14 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 155 15 ’ ’ POS work_27j75zbdvbduhd2fxzmr2pewhy 155 16 short short JJ work_27j75zbdvbduhd2fxzmr2pewhy 155 17 horizons horizon NNS work_27j75zbdvbduhd2fxzmr2pewhy 155 18 , , , work_27j75zbdvbduhd2fxzmr2pewhy 155 19 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 155 20 prove prove VB work_27j75zbdvbduhd2fxzmr2pewhy 155 21 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 155 22 key key JJ work_27j75zbdvbduhd2fxzmr2pewhy 155 23 results result NNS work_27j75zbdvbduhd2fxzmr2pewhy 155 24 5The 5the CD work_27j75zbdvbduhd2fxzmr2pewhy 155 25 inability inability NN work_27j75zbdvbduhd2fxzmr2pewhy 155 26 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 155 27 private private JJ work_27j75zbdvbduhd2fxzmr2pewhy 155 28 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 155 29 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 155 30 be be VB work_27j75zbdvbduhd2fxzmr2pewhy 155 31 fully fully RB work_27j75zbdvbduhd2fxzmr2pewhy 155 32 reflected reflect VBN work_27j75zbdvbduhd2fxzmr2pewhy 155 33 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 155 34 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 155 35 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 155 36 resembles resemble VBZ work_27j75zbdvbduhd2fxzmr2pewhy 155 37 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 155 38 mechanism mechanism NN work_27j75zbdvbduhd2fxzmr2pewhy 155 39 underlying underlie VBG work_27j75zbdvbduhd2fxzmr2pewhy 155 40 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 155 41 rational rational JJ work_27j75zbdvbduhd2fxzmr2pewhy 155 42 herding herding NN work_27j75zbdvbduhd2fxzmr2pewhy 155 43 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 155 44 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 155 45 which which WDT work_27j75zbdvbduhd2fxzmr2pewhy 155 46 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 155 47 subsequent subsequent JJ work_27j75zbdvbduhd2fxzmr2pewhy 155 48 actor actor NN work_27j75zbdvbduhd2fxzmr2pewhy 155 49 can can MD work_27j75zbdvbduhd2fxzmr2pewhy 155 50 not not RB work_27j75zbdvbduhd2fxzmr2pewhy 155 51 fully fully RB work_27j75zbdvbduhd2fxzmr2pewhy 155 52 learn learn VB work_27j75zbdvbduhd2fxzmr2pewhy 155 53 her -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 155 54 predecessors predecessor NNS work_27j75zbdvbduhd2fxzmr2pewhy 155 55 ’ ’ POS work_27j75zbdvbduhd2fxzmr2pewhy 155 56 private private JJ work_27j75zbdvbduhd2fxzmr2pewhy 155 57 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 155 58 because because IN work_27j75zbdvbduhd2fxzmr2pewhy 155 59 she -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 155 60 can can MD work_27j75zbdvbduhd2fxzmr2pewhy 155 61 only only RB work_27j75zbdvbduhd2fxzmr2pewhy 155 62 observe observe VB work_27j75zbdvbduhd2fxzmr2pewhy 155 63 their -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 155 64 actions action NNS work_27j75zbdvbduhd2fxzmr2pewhy 155 65 but but CC work_27j75zbdvbduhd2fxzmr2pewhy 155 66 not not RB work_27j75zbdvbduhd2fxzmr2pewhy 155 67 their -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 155 68 private private JJ work_27j75zbdvbduhd2fxzmr2pewhy 155 69 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 155 70 . . . work_27j75zbdvbduhd2fxzmr2pewhy 156 1 In in IN work_27j75zbdvbduhd2fxzmr2pewhy 156 2 this this DT work_27j75zbdvbduhd2fxzmr2pewhy 156 3 sense sense NN work_27j75zbdvbduhd2fxzmr2pewhy 156 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 156 5 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 156 6 noise noise NN work_27j75zbdvbduhd2fxzmr2pewhy 156 7 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 156 8 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 156 9 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 156 10 noisy noisy JJ work_27j75zbdvbduhd2fxzmr2pewhy 156 11 rational rational JJ work_27j75zbdvbduhd2fxzmr2pewhy 156 12 expectations expectation NNS work_27j75zbdvbduhd2fxzmr2pewhy 156 13 model model NN work_27j75zbdvbduhd2fxzmr2pewhy 156 14 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 156 15 analogous analogous JJ work_27j75zbdvbduhd2fxzmr2pewhy 156 16 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 156 17 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 156 18 rational rational JJ work_27j75zbdvbduhd2fxzmr2pewhy 156 19 herding herding NN work_27j75zbdvbduhd2fxzmr2pewhy 156 20 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 156 21 , , , work_27j75zbdvbduhd2fxzmr2pewhy 156 22 although although IN work_27j75zbdvbduhd2fxzmr2pewhy 156 23 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 156 24 later later RB work_27j75zbdvbduhd2fxzmr2pewhy 156 25 usually usually RB work_27j75zbdvbduhd2fxzmr2pewhy 156 26 concerns concern VBZ work_27j75zbdvbduhd2fxzmr2pewhy 156 27 only only RB work_27j75zbdvbduhd2fxzmr2pewhy 156 28 about about IN work_27j75zbdvbduhd2fxzmr2pewhy 156 29 discrete discrete JJ work_27j75zbdvbduhd2fxzmr2pewhy 156 30 actions action NNS work_27j75zbdvbduhd2fxzmr2pewhy 156 31 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 156 32 see see VB work_27j75zbdvbduhd2fxzmr2pewhy 156 33 Bikhchandani Bikhchandani NNP work_27j75zbdvbduhd2fxzmr2pewhy 156 34 , , , work_27j75zbdvbduhd2fxzmr2pewhy 156 35 Hirshleifer Hirshleifer NNP work_27j75zbdvbduhd2fxzmr2pewhy 156 36 , , , work_27j75zbdvbduhd2fxzmr2pewhy 156 37 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 156 38 Welch Welch NNP work_27j75zbdvbduhd2fxzmr2pewhy 156 39 , , , work_27j75zbdvbduhd2fxzmr2pewhy 156 40 1998 1998 CD work_27j75zbdvbduhd2fxzmr2pewhy 156 41 , , , work_27j75zbdvbduhd2fxzmr2pewhy 156 42 e.g. e.g. RB work_27j75zbdvbduhd2fxzmr2pewhy 156 43 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 156 44 . . . work_27j75zbdvbduhd2fxzmr2pewhy 157 1 6In 6in CD work_27j75zbdvbduhd2fxzmr2pewhy 157 2 contrast contrast NN work_27j75zbdvbduhd2fxzmr2pewhy 157 3 , , , work_27j75zbdvbduhd2fxzmr2pewhy 157 4 Grundy Grundy NNP work_27j75zbdvbduhd2fxzmr2pewhy 157 5 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 157 6 McNichols McNichols NNP work_27j75zbdvbduhd2fxzmr2pewhy 157 7 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 157 8 1989 1989 CD work_27j75zbdvbduhd2fxzmr2pewhy 157 9 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 157 10 study study VB work_27j75zbdvbduhd2fxzmr2pewhy 157 11 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 157 12 two two CD work_27j75zbdvbduhd2fxzmr2pewhy 157 13 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 157 14 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 157 15 noisy noisy NNP work_27j75zbdvbduhd2fxzmr2pewhy 157 16 rational rational JJ work_27j75zbdvbduhd2fxzmr2pewhy 157 17 expectations expectation NNS work_27j75zbdvbduhd2fxzmr2pewhy 157 18 economy economy NN work_27j75zbdvbduhd2fxzmr2pewhy 157 19 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 157 20 which which WDT work_27j75zbdvbduhd2fxzmr2pewhy 157 21 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 157 22 trade trade VBP work_27j75zbdvbduhd2fxzmr2pewhy 157 23 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 157 24 both both DT work_27j75zbdvbduhd2fxzmr2pewhy 157 25 periods period NNS work_27j75zbdvbduhd2fxzmr2pewhy 157 26 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 157 27 thus thus RB work_27j75zbdvbduhd2fxzmr2pewhy 157 28 have have VBP work_27j75zbdvbduhd2fxzmr2pewhy 157 29 horizons horizon NNS work_27j75zbdvbduhd2fxzmr2pewhy 157 30 as as RB work_27j75zbdvbduhd2fxzmr2pewhy 157 31 long long RB work_27j75zbdvbduhd2fxzmr2pewhy 157 32 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 157 33 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 157 34 firm firm NN work_27j75zbdvbduhd2fxzmr2pewhy 157 35 ’s ’s POS work_27j75zbdvbduhd2fxzmr2pewhy 157 36 life life NN work_27j75zbdvbduhd2fxzmr2pewhy 157 37 . . . work_27j75zbdvbduhd2fxzmr2pewhy 158 1 They -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 158 2 also also RB work_27j75zbdvbduhd2fxzmr2pewhy 158 3 use use VBP work_27j75zbdvbduhd2fxzmr2pewhy 158 4 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 158 5 different different JJ work_27j75zbdvbduhd2fxzmr2pewhy 158 6 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 158 7 structure structure NN work_27j75zbdvbduhd2fxzmr2pewhy 158 8 . . . work_27j75zbdvbduhd2fxzmr2pewhy 159 1 13 13 CD work_27j75zbdvbduhd2fxzmr2pewhy 159 2 without without IN work_27j75zbdvbduhd2fxzmr2pewhy 159 3 deriving derive VBG work_27j75zbdvbduhd2fxzmr2pewhy 159 4 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 159 5 closed close VBN work_27j75zbdvbduhd2fxzmr2pewhy 159 6 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 159 7 form form NN work_27j75zbdvbduhd2fxzmr2pewhy 159 8 solution.7 solution.7 NN work_27j75zbdvbduhd2fxzmr2pewhy 159 9 Built build VBN work_27j75zbdvbduhd2fxzmr2pewhy 159 10 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 159 11 their -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 159 12 paper paper NN work_27j75zbdvbduhd2fxzmr2pewhy 159 13 , , , work_27j75zbdvbduhd2fxzmr2pewhy 159 14 I -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 159 15 characterize characterize VBP work_27j75zbdvbduhd2fxzmr2pewhy 159 16 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 159 17 closed close VBN work_27j75zbdvbduhd2fxzmr2pewhy 159 18 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 159 19 form form NN work_27j75zbdvbduhd2fxzmr2pewhy 159 20 equi- equi- JJ work_27j75zbdvbduhd2fxzmr2pewhy 159 21 librium librium NN work_27j75zbdvbduhd2fxzmr2pewhy 159 22 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 159 23 their -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 159 24 model model NN work_27j75zbdvbduhd2fxzmr2pewhy 159 25 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 159 26 identify identify VB work_27j75zbdvbduhd2fxzmr2pewhy 159 27 its -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 159 28 implications implication NNS work_27j75zbdvbduhd2fxzmr2pewhy 159 29 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 159 30 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 159 31 desirability desirability NN work_27j75zbdvbduhd2fxzmr2pewhy 159 32 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 159 33 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 159 34 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 159 35 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 159 36 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 159 37 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 159 38 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 159 39 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 159 40 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 159 41 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 159 42 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 159 43 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 159 44 . . . work_27j75zbdvbduhd2fxzmr2pewhy 160 1 Papers paper NNS work_27j75zbdvbduhd2fxzmr2pewhy 160 2 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 160 3 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 160 4 multi multi JJ work_27j75zbdvbduhd2fxzmr2pewhy 160 5 - - JJ work_27j75zbdvbduhd2fxzmr2pewhy 160 6 period period JJ work_27j75zbdvbduhd2fxzmr2pewhy 160 7 noisy noisy NNP work_27j75zbdvbduhd2fxzmr2pewhy 160 8 rational rational JJ work_27j75zbdvbduhd2fxzmr2pewhy 160 9 expectations expectation NNS work_27j75zbdvbduhd2fxzmr2pewhy 160 10 model model NN work_27j75zbdvbduhd2fxzmr2pewhy 160 11 usually usually RB work_27j75zbdvbduhd2fxzmr2pewhy 160 12 do do VBP work_27j75zbdvbduhd2fxzmr2pewhy 160 13 not not RB work_27j75zbdvbduhd2fxzmr2pewhy 160 14 derive derive VB work_27j75zbdvbduhd2fxzmr2pewhy 160 15 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 160 16 closed close VBN work_27j75zbdvbduhd2fxzmr2pewhy 160 17 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 160 18 form form NN work_27j75zbdvbduhd2fxzmr2pewhy 160 19 equilibrium equilibrium NN work_27j75zbdvbduhd2fxzmr2pewhy 160 20 . . . work_27j75zbdvbduhd2fxzmr2pewhy 161 1 For for IN work_27j75zbdvbduhd2fxzmr2pewhy 161 2 example example NN work_27j75zbdvbduhd2fxzmr2pewhy 161 3 , , , work_27j75zbdvbduhd2fxzmr2pewhy 161 4 two two CD work_27j75zbdvbduhd2fxzmr2pewhy 161 5 main main JJ work_27j75zbdvbduhd2fxzmr2pewhy 161 6 papers paper NNS work_27j75zbdvbduhd2fxzmr2pewhy 161 7 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 161 8 this this DT work_27j75zbdvbduhd2fxzmr2pewhy 161 9 literature literature NN work_27j75zbdvbduhd2fxzmr2pewhy 161 10 , , , work_27j75zbdvbduhd2fxzmr2pewhy 161 11 Brown Brown NNP work_27j75zbdvbduhd2fxzmr2pewhy 161 12 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 161 13 Jennings Jennings NNP work_27j75zbdvbduhd2fxzmr2pewhy 161 14 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 161 15 1989 1989 CD work_27j75zbdvbduhd2fxzmr2pewhy 161 16 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 161 17 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 161 18 Allen Allen NNP work_27j75zbdvbduhd2fxzmr2pewhy 161 19 , , , work_27j75zbdvbduhd2fxzmr2pewhy 161 20 Morris Morris NNP work_27j75zbdvbduhd2fxzmr2pewhy 161 21 , , , work_27j75zbdvbduhd2fxzmr2pewhy 161 22 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 161 23 Shin Shin NNP work_27j75zbdvbduhd2fxzmr2pewhy 161 24 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 161 25 2006 2006 CD work_27j75zbdvbduhd2fxzmr2pewhy 161 26 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 161 27 , , , work_27j75zbdvbduhd2fxzmr2pewhy 161 28 demonstrate demonstrate VBP work_27j75zbdvbduhd2fxzmr2pewhy 161 29 their -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 161 30 themes theme NNS work_27j75zbdvbduhd2fxzmr2pewhy 161 31 based base VBN work_27j75zbdvbduhd2fxzmr2pewhy 161 32 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 161 33 qualitative qualitative JJ work_27j75zbdvbduhd2fxzmr2pewhy 161 34 characterization characterization NN work_27j75zbdvbduhd2fxzmr2pewhy 161 35 . . . work_27j75zbdvbduhd2fxzmr2pewhy 162 1 To to TO work_27j75zbdvbduhd2fxzmr2pewhy 162 2 show show VB work_27j75zbdvbduhd2fxzmr2pewhy 162 3 their -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 162 4 main main JJ work_27j75zbdvbduhd2fxzmr2pewhy 162 5 point point NN work_27j75zbdvbduhd2fxzmr2pewhy 162 6 that that DT work_27j75zbdvbduhd2fxzmr2pewhy 162 7 technical technical JJ work_27j75zbdvbduhd2fxzmr2pewhy 162 8 analysis analysis NN work_27j75zbdvbduhd2fxzmr2pewhy 162 9 has have VBZ work_27j75zbdvbduhd2fxzmr2pewhy 162 10 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 162 11 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 162 12 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 162 13 short short JJ work_27j75zbdvbduhd2fxzmr2pewhy 162 14 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 162 15 horizon horizon NN work_27j75zbdvbduhd2fxzmr2pewhy 162 16 economy economy NN work_27j75zbdvbduhd2fxzmr2pewhy 162 17 , , , work_27j75zbdvbduhd2fxzmr2pewhy 162 18 Brown Brown NNP work_27j75zbdvbduhd2fxzmr2pewhy 162 19 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 162 20 Jennings Jennings NNP work_27j75zbdvbduhd2fxzmr2pewhy 162 21 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 162 22 1989 1989 CD work_27j75zbdvbduhd2fxzmr2pewhy 162 23 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 162 24 prove prove VB work_27j75zbdvbduhd2fxzmr2pewhy 162 25 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 162 26 existence existence NN work_27j75zbdvbduhd2fxzmr2pewhy 162 27 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 162 28 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 162 29 correlation correlation NN work_27j75zbdvbduhd2fxzmr2pewhy 162 30 between between IN work_27j75zbdvbduhd2fxzmr2pewhy 162 31 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 162 32 historical historical JJ work_27j75zbdvbduhd2fxzmr2pewhy 162 33 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 162 34 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 162 35 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 162 36 fundamental fundamental JJ work_27j75zbdvbduhd2fxzmr2pewhy 162 37 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 162 38 conditional conditional JJ work_27j75zbdvbduhd2fxzmr2pewhy 162 39 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 162 40 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 162 41 current current JJ work_27j75zbdvbduhd2fxzmr2pewhy 162 42 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 162 43 . . . work_27j75zbdvbduhd2fxzmr2pewhy 163 1 To to TO work_27j75zbdvbduhd2fxzmr2pewhy 163 2 rationalize rationalize VB work_27j75zbdvbduhd2fxzmr2pewhy 163 3 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 163 4 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 163 5 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 163 6 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 163 7 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 163 8 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 163 9 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 163 10 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 163 11 demonstrate demonstrate VB work_27j75zbdvbduhd2fxzmr2pewhy 163 12 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 163 13 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 163 14 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 163 15 high high JJ work_27j75zbdvbduhd2fxzmr2pewhy 163 16 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 163 17 order order NN work_27j75zbdvbduhd2fxzmr2pewhy 163 18 beliefs belief NNS work_27j75zbdvbduhd2fxzmr2pewhy 163 19 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 163 20 asset asset NN work_27j75zbdvbduhd2fxzmr2pewhy 163 21 pricing pricing NN work_27j75zbdvbduhd2fxzmr2pewhy 163 22 , , , work_27j75zbdvbduhd2fxzmr2pewhy 163 23 Allen Allen NNP work_27j75zbdvbduhd2fxzmr2pewhy 163 24 , , , work_27j75zbdvbduhd2fxzmr2pewhy 163 25 Morris Morris NNP work_27j75zbdvbduhd2fxzmr2pewhy 163 26 , , , work_27j75zbdvbduhd2fxzmr2pewhy 163 27 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 163 28 Shin Shin NNP work_27j75zbdvbduhd2fxzmr2pewhy 163 29 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 163 30 2006 2006 CD work_27j75zbdvbduhd2fxzmr2pewhy 163 31 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 163 32 prove prove VB work_27j75zbdvbduhd2fxzmr2pewhy 163 33 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 163 34 existence existence NN work_27j75zbdvbduhd2fxzmr2pewhy 163 35 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 163 36 an an DT work_27j75zbdvbduhd2fxzmr2pewhy 163 37 extra extra JJ work_27j75zbdvbduhd2fxzmr2pewhy 163 38 weight weight NN work_27j75zbdvbduhd2fxzmr2pewhy 163 39 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 163 40 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 163 41 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 163 42 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 163 43 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 163 44 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 163 45 function function NN work_27j75zbdvbduhd2fxzmr2pewhy 163 46 . . . work_27j75zbdvbduhd2fxzmr2pewhy 164 1 There there EX work_27j75zbdvbduhd2fxzmr2pewhy 164 2 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 164 3 at at RB work_27j75zbdvbduhd2fxzmr2pewhy 164 4 least least RBS work_27j75zbdvbduhd2fxzmr2pewhy 164 5 two two CD work_27j75zbdvbduhd2fxzmr2pewhy 164 6 challenges challenge NNS work_27j75zbdvbduhd2fxzmr2pewhy 164 7 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 164 8 characterizing characterize VBG work_27j75zbdvbduhd2fxzmr2pewhy 164 9 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 164 10 closed close VBN work_27j75zbdvbduhd2fxzmr2pewhy 164 11 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 164 12 form form NN work_27j75zbdvbduhd2fxzmr2pewhy 164 13 equilibrium equilibrium NN work_27j75zbdvbduhd2fxzmr2pewhy 164 14 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 164 15 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 164 16 multi multi JJ work_27j75zbdvbduhd2fxzmr2pewhy 164 17 - - JJ work_27j75zbdvbduhd2fxzmr2pewhy 164 18 period period JJ work_27j75zbdvbduhd2fxzmr2pewhy 164 19 noisy noisy NNP work_27j75zbdvbduhd2fxzmr2pewhy 164 20 rational rational JJ work_27j75zbdvbduhd2fxzmr2pewhy 164 21 expectations expectation NNS work_27j75zbdvbduhd2fxzmr2pewhy 164 22 economy economy NN work_27j75zbdvbduhd2fxzmr2pewhy 164 23 . . . work_27j75zbdvbduhd2fxzmr2pewhy 165 1 First first RB work_27j75zbdvbduhd2fxzmr2pewhy 165 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 165 3 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 165 4 who who WP work_27j75zbdvbduhd2fxzmr2pewhy 165 5 can can MD work_27j75zbdvbduhd2fxzmr2pewhy 165 6 trade trade VB work_27j75zbdvbduhd2fxzmr2pewhy 165 7 multiple multiple JJ work_27j75zbdvbduhd2fxzmr2pewhy 165 8 times time NNS work_27j75zbdvbduhd2fxzmr2pewhy 165 9 establish establish VB work_27j75zbdvbduhd2fxzmr2pewhy 165 10 extra extra JJ work_27j75zbdvbduhd2fxzmr2pewhy 165 11 positions position NNS work_27j75zbdvbduhd2fxzmr2pewhy 165 12 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 165 13 hedge hedge VB work_27j75zbdvbduhd2fxzmr2pewhy 165 14 their -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 165 15 demands demand NNS work_27j75zbdvbduhd2fxzmr2pewhy 165 16 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 165 17 later later JJ work_27j75zbdvbduhd2fxzmr2pewhy 165 18 periods period NNS work_27j75zbdvbduhd2fxzmr2pewhy 165 19 . . . work_27j75zbdvbduhd2fxzmr2pewhy 166 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 166 2 form form NN work_27j75zbdvbduhd2fxzmr2pewhy 166 3 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 166 4 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 166 5 extra extra JJ work_27j75zbdvbduhd2fxzmr2pewhy 166 6 hedging hedging NN work_27j75zbdvbduhd2fxzmr2pewhy 166 7 demands demand NNS work_27j75zbdvbduhd2fxzmr2pewhy 166 8 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 166 9 often often RB work_27j75zbdvbduhd2fxzmr2pewhy 166 10 complicated complicate VBN work_27j75zbdvbduhd2fxzmr2pewhy 166 11 . . . work_27j75zbdvbduhd2fxzmr2pewhy 167 1 Brown Brown NNP work_27j75zbdvbduhd2fxzmr2pewhy 167 2 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 167 3 Jennings Jennings NNP work_27j75zbdvbduhd2fxzmr2pewhy 167 4 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 167 5 1989 1989 CD work_27j75zbdvbduhd2fxzmr2pewhy 167 6 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 167 7 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 167 8 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 167 9 first first JJ work_27j75zbdvbduhd2fxzmr2pewhy 167 10 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 167 11 circumvent circumvent VB work_27j75zbdvbduhd2fxzmr2pewhy 167 12 this this DT work_27j75zbdvbduhd2fxzmr2pewhy 167 13 issue issue NN work_27j75zbdvbduhd2fxzmr2pewhy 167 14 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 167 15 introducing introduce VBG work_27j75zbdvbduhd2fxzmr2pewhy 167 16 short- short- NNS work_27j75zbdvbduhd2fxzmr2pewhy 167 17 horizon horizon NNP work_27j75zbdvbduhd2fxzmr2pewhy 167 18 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 167 19 who who WP work_27j75zbdvbduhd2fxzmr2pewhy 167 20 only only RB work_27j75zbdvbduhd2fxzmr2pewhy 167 21 live live VBP work_27j75zbdvbduhd2fxzmr2pewhy 167 22 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 167 23 one one CD work_27j75zbdvbduhd2fxzmr2pewhy 167 24 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 167 25 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 167 26 have have VBP work_27j75zbdvbduhd2fxzmr2pewhy 167 27 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 167 28 close close VB work_27j75zbdvbduhd2fxzmr2pewhy 167 29 their -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 167 30 positions position NNS work_27j75zbdvbduhd2fxzmr2pewhy 167 31 at at IN work_27j75zbdvbduhd2fxzmr2pewhy 167 32 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 167 33 end end NN work_27j75zbdvbduhd2fxzmr2pewhy 167 34 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 167 35 their -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 167 36 life life NN work_27j75zbdvbduhd2fxzmr2pewhy 167 37 . . . work_27j75zbdvbduhd2fxzmr2pewhy 168 1 Second second RB work_27j75zbdvbduhd2fxzmr2pewhy 168 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 168 3 learning learn VBG work_27j75zbdvbduhd2fxzmr2pewhy 168 4 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 168 5 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 168 6 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 168 7 under under IN work_27j75zbdvbduhd2fxzmr2pewhy 168 8 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 168 9 general general JJ work_27j75zbdvbduhd2fxzmr2pewhy 168 10 correlation correlation NN work_27j75zbdvbduhd2fxzmr2pewhy 168 11 structure structure NN work_27j75zbdvbduhd2fxzmr2pewhy 168 12 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 168 13 noisy noisy JJ work_27j75zbdvbduhd2fxzmr2pewhy 168 14 supplies supply NNS work_27j75zbdvbduhd2fxzmr2pewhy 168 15 across across IN work_27j75zbdvbduhd2fxzmr2pewhy 168 16 periods period NNS work_27j75zbdvbduhd2fxzmr2pewhy 168 17 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 168 18 highly highly RB work_27j75zbdvbduhd2fxzmr2pewhy 168 19 non non JJ work_27j75zbdvbduhd2fxzmr2pewhy 168 20 - - JJ work_27j75zbdvbduhd2fxzmr2pewhy 168 21 linear linear JJ work_27j75zbdvbduhd2fxzmr2pewhy 168 22 . . . work_27j75zbdvbduhd2fxzmr2pewhy 169 1 Allen Allen NNP work_27j75zbdvbduhd2fxzmr2pewhy 169 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 169 3 Morris Morris NNP work_27j75zbdvbduhd2fxzmr2pewhy 169 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 169 5 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 169 6 Shin Shin NNP work_27j75zbdvbduhd2fxzmr2pewhy 169 7 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 169 8 2006 2006 CD work_27j75zbdvbduhd2fxzmr2pewhy 169 9 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 169 10 assume assume VBP work_27j75zbdvbduhd2fxzmr2pewhy 169 11 independent independent JJ work_27j75zbdvbduhd2fxzmr2pewhy 169 12 noisy noisy JJ work_27j75zbdvbduhd2fxzmr2pewhy 169 13 supplies supply NNS work_27j75zbdvbduhd2fxzmr2pewhy 169 14 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 169 15 enhance enhance VB work_27j75zbdvbduhd2fxzmr2pewhy 169 16 tractability tractability NN work_27j75zbdvbduhd2fxzmr2pewhy 169 17 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 169 18 their -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 169 19 T t NN work_27j75zbdvbduhd2fxzmr2pewhy 169 20 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 169 21 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 169 22 model model NN work_27j75zbdvbduhd2fxzmr2pewhy 169 23 . . . work_27j75zbdvbduhd2fxzmr2pewhy 170 1 I -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 170 2 further further RB work_27j75zbdvbduhd2fxzmr2pewhy 170 3 exploit exploit VBP work_27j75zbdvbduhd2fxzmr2pewhy 170 4 both both DT work_27j75zbdvbduhd2fxzmr2pewhy 170 5 features feature NNS work_27j75zbdvbduhd2fxzmr2pewhy 170 6 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 170 7 short short JJ work_27j75zbdvbduhd2fxzmr2pewhy 170 8 horizons horizon NNS work_27j75zbdvbduhd2fxzmr2pewhy 170 9 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 170 10 7Allen 7Allen NNP work_27j75zbdvbduhd2fxzmr2pewhy 170 11 , , , work_27j75zbdvbduhd2fxzmr2pewhy 170 12 Morris Morris NNP work_27j75zbdvbduhd2fxzmr2pewhy 170 13 , , , work_27j75zbdvbduhd2fxzmr2pewhy 170 14 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 170 15 Shin Shin NNP work_27j75zbdvbduhd2fxzmr2pewhy 170 16 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 170 17 2006 2006 CD work_27j75zbdvbduhd2fxzmr2pewhy 170 18 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 170 19 have have VBP work_27j75zbdvbduhd2fxzmr2pewhy 170 20 also also RB work_27j75zbdvbduhd2fxzmr2pewhy 170 21 studied study VBN work_27j75zbdvbduhd2fxzmr2pewhy 170 22 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 170 23 two two CD work_27j75zbdvbduhd2fxzmr2pewhy 170 24 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 170 25 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 170 26 model model NN work_27j75zbdvbduhd2fxzmr2pewhy 170 27 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 170 28 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 170 29 appendix appendix NNP work_27j75zbdvbduhd2fxzmr2pewhy 170 30 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 170 31 their -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 170 32 paper paper NN work_27j75zbdvbduhd2fxzmr2pewhy 170 33 , , , work_27j75zbdvbduhd2fxzmr2pewhy 170 34 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 170 35 an an DT work_27j75zbdvbduhd2fxzmr2pewhy 170 36 illustration illustration NN work_27j75zbdvbduhd2fxzmr2pewhy 170 37 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 170 38 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 170 39 general general JJ work_27j75zbdvbduhd2fxzmr2pewhy 170 40 T T NNP work_27j75zbdvbduhd2fxzmr2pewhy 170 41 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 170 42 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 170 43 model model NN work_27j75zbdvbduhd2fxzmr2pewhy 170 44 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 170 45 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 170 46 main main JJ work_27j75zbdvbduhd2fxzmr2pewhy 170 47 text text NN work_27j75zbdvbduhd2fxzmr2pewhy 170 48 . . . work_27j75zbdvbduhd2fxzmr2pewhy 171 1 Their -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 171 2 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 171 3 function function NN work_27j75zbdvbduhd2fxzmr2pewhy 171 4 p1 p1 NN work_27j75zbdvbduhd2fxzmr2pewhy 171 5 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 171 6 given give VBN work_27j75zbdvbduhd2fxzmr2pewhy 171 7 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 171 8 page page NN work_27j75zbdvbduhd2fxzmr2pewhy 171 9 747 747 CD work_27j75zbdvbduhd2fxzmr2pewhy 171 10 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 171 11 their -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 171 12 paper paper NN work_27j75zbdvbduhd2fxzmr2pewhy 171 13 . . . work_27j75zbdvbduhd2fxzmr2pewhy 172 1 With with IN work_27j75zbdvbduhd2fxzmr2pewhy 172 2 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 172 3 presence presence NN work_27j75zbdvbduhd2fxzmr2pewhy 172 4 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 172 5 V v NN work_27j75zbdvbduhd2fxzmr2pewhy 172 6 ar1(p2 ar1(p2 NN work_27j75zbdvbduhd2fxzmr2pewhy 172 7 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 172 8 , , , work_27j75zbdvbduhd2fxzmr2pewhy 172 9 V V NNP work_27j75zbdvbduhd2fxzmr2pewhy 172 10 ar1(θ ar1(θ NNP work_27j75zbdvbduhd2fxzmr2pewhy 172 11 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 172 12 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 172 13 other other JJ work_27j75zbdvbduhd2fxzmr2pewhy 172 14 non non JJ work_27j75zbdvbduhd2fxzmr2pewhy 172 15 - - JJ work_27j75zbdvbduhd2fxzmr2pewhy 172 16 linear linear JJ work_27j75zbdvbduhd2fxzmr2pewhy 172 17 components component NNS work_27j75zbdvbduhd2fxzmr2pewhy 172 18 , , , work_27j75zbdvbduhd2fxzmr2pewhy 172 19 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 172 20 system system NN work_27j75zbdvbduhd2fxzmr2pewhy 172 21 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 172 22 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 172 23 three three CD work_27j75zbdvbduhd2fxzmr2pewhy 172 24 equations equation NNS work_27j75zbdvbduhd2fxzmr2pewhy 172 25 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 172 26 coefficient coefficient NN work_27j75zbdvbduhd2fxzmr2pewhy 172 27 comparison comparison NN work_27j75zbdvbduhd2fxzmr2pewhy 172 28 at at IN work_27j75zbdvbduhd2fxzmr2pewhy 172 29 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 172 30 top top NN work_27j75zbdvbduhd2fxzmr2pewhy 172 31 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 172 32 page page NN work_27j75zbdvbduhd2fxzmr2pewhy 172 33 747 747 CD work_27j75zbdvbduhd2fxzmr2pewhy 172 34 becomes become VBZ work_27j75zbdvbduhd2fxzmr2pewhy 172 35 highly highly RB work_27j75zbdvbduhd2fxzmr2pewhy 172 36 nonlinear nonlinear JJ work_27j75zbdvbduhd2fxzmr2pewhy 172 37 , , , work_27j75zbdvbduhd2fxzmr2pewhy 172 38 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 172 39 p1 p1 NN work_27j75zbdvbduhd2fxzmr2pewhy 172 40 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 172 41 expressed express VBN work_27j75zbdvbduhd2fxzmr2pewhy 172 42 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 172 43 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 172 44 function function NN work_27j75zbdvbduhd2fxzmr2pewhy 172 45 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 172 46 intermediary intermediary JJ work_27j75zbdvbduhd2fxzmr2pewhy 172 47 variables variable NNS work_27j75zbdvbduhd2fxzmr2pewhy 172 48 . . . work_27j75zbdvbduhd2fxzmr2pewhy 173 1 14 14 CD work_27j75zbdvbduhd2fxzmr2pewhy 173 2 independent independent JJ work_27j75zbdvbduhd2fxzmr2pewhy 173 3 noisy noisy JJ work_27j75zbdvbduhd2fxzmr2pewhy 173 4 supplies supply NNS work_27j75zbdvbduhd2fxzmr2pewhy 173 5 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 173 6 solve solve VB work_27j75zbdvbduhd2fxzmr2pewhy 173 7 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 173 8 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 173 9 closed closed JJ work_27j75zbdvbduhd2fxzmr2pewhy 173 10 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 173 11 form form NN work_27j75zbdvbduhd2fxzmr2pewhy 173 12 equilibrium equilibrium NN work_27j75zbdvbduhd2fxzmr2pewhy 173 13 . . . work_27j75zbdvbduhd2fxzmr2pewhy 174 1 In in IN work_27j75zbdvbduhd2fxzmr2pewhy 174 2 particular particular JJ work_27j75zbdvbduhd2fxzmr2pewhy 174 3 , , , work_27j75zbdvbduhd2fxzmr2pewhy 174 4 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 174 5 key key JJ work_27j75zbdvbduhd2fxzmr2pewhy 174 6 steps step NNS work_27j75zbdvbduhd2fxzmr2pewhy 174 7 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 174 8 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 174 9 focus focus VB work_27j75zbdvbduhd2fxzmr2pewhy 174 10 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 174 11 deriving derive VBG work_27j75zbdvbduhd2fxzmr2pewhy 174 12 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 174 13 closed closed JJ work_27j75zbdvbduhd2fxzmr2pewhy 174 14 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 174 15 form form NN work_27j75zbdvbduhd2fxzmr2pewhy 174 16 expressions expression NNS work_27j75zbdvbduhd2fxzmr2pewhy 174 17 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 174 18 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 174 19 precisions precision NNS work_27j75zbdvbduhd2fxzmr2pewhy 174 20 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 174 21 ρ ρ NNP work_27j75zbdvbduhd2fxzmr2pewhy 174 22 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 174 23 ρ2 ρ2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 174 24 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 174 25 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 174 26 learn learn VBP work_27j75zbdvbduhd2fxzmr2pewhy 174 27 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 174 28 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 174 29 prices price NNS work_27j75zbdvbduhd2fxzmr2pewhy 174 30 . . . work_27j75zbdvbduhd2fxzmr2pewhy 175 1 With with IN work_27j75zbdvbduhd2fxzmr2pewhy 175 2 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 175 3 explicit explicit JJ work_27j75zbdvbduhd2fxzmr2pewhy 175 4 solution solution NN work_27j75zbdvbduhd2fxzmr2pewhy 175 5 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 175 6 ρ2 ρ2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 175 7 , , , work_27j75zbdvbduhd2fxzmr2pewhy 175 8 we -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 175 9 can can MD work_27j75zbdvbduhd2fxzmr2pewhy 175 10 solve solve VB work_27j75zbdvbduhd2fxzmr2pewhy 175 11 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 175 12 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 175 13 explicit explicit JJ work_27j75zbdvbduhd2fxzmr2pewhy 175 14 expression expression NN work_27j75zbdvbduhd2fxzmr2pewhy 175 15 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 175 16 p2 p2 NN work_27j75zbdvbduhd2fxzmr2pewhy 175 17 , , , work_27j75zbdvbduhd2fxzmr2pewhy 175 18 which which WDT work_27j75zbdvbduhd2fxzmr2pewhy 175 19 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 175 20 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 175 21 forecasting forecasting NN work_27j75zbdvbduhd2fxzmr2pewhy 175 22 target target NN work_27j75zbdvbduhd2fxzmr2pewhy 175 23 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 175 24 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 175 25 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 175 26 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 175 27 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 175 28 . . . work_27j75zbdvbduhd2fxzmr2pewhy 176 1 Then then RB work_27j75zbdvbduhd2fxzmr2pewhy 176 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 176 3 we -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 176 4 can can MD work_27j75zbdvbduhd2fxzmr2pewhy 176 5 get get VB work_27j75zbdvbduhd2fxzmr2pewhy 176 6 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 176 7 closed close VBN work_27j75zbdvbduhd2fxzmr2pewhy 176 8 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 176 9 form form NN work_27j75zbdvbduhd2fxzmr2pewhy 176 10 solutions solution NNS work_27j75zbdvbduhd2fxzmr2pewhy 176 11 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 176 12 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 176 13 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 176 14 p1 p1 NN work_27j75zbdvbduhd2fxzmr2pewhy 176 15 . . . work_27j75zbdvbduhd2fxzmr2pewhy 177 1 To to TO work_27j75zbdvbduhd2fxzmr2pewhy 177 2 see see VB work_27j75zbdvbduhd2fxzmr2pewhy 177 3 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 177 4 evolution evolution NN work_27j75zbdvbduhd2fxzmr2pewhy 177 5 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 177 6 Brown Brown NNP work_27j75zbdvbduhd2fxzmr2pewhy 177 7 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 177 8 Jennings Jennings NNP work_27j75zbdvbduhd2fxzmr2pewhy 177 9 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 177 10 1989 1989 CD work_27j75zbdvbduhd2fxzmr2pewhy 177 11 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 177 12 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 177 13 Allen Allen NNP work_27j75zbdvbduhd2fxzmr2pewhy 177 14 , , , work_27j75zbdvbduhd2fxzmr2pewhy 177 15 Morris Morris NNP work_27j75zbdvbduhd2fxzmr2pewhy 177 16 , , , work_27j75zbdvbduhd2fxzmr2pewhy 177 17 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 177 18 Shin Shin NNP work_27j75zbdvbduhd2fxzmr2pewhy 177 19 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 177 20 2006 2006 CD work_27j75zbdvbduhd2fxzmr2pewhy 177 21 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 177 22 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 177 23 this this DT work_27j75zbdvbduhd2fxzmr2pewhy 177 24 paper paper NN work_27j75zbdvbduhd2fxzmr2pewhy 177 25 , , , work_27j75zbdvbduhd2fxzmr2pewhy 177 26 we -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 177 27 can can MD work_27j75zbdvbduhd2fxzmr2pewhy 177 28 use use VB work_27j75zbdvbduhd2fxzmr2pewhy 177 29 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 177 30 closed closed JJ work_27j75zbdvbduhd2fxzmr2pewhy 177 31 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 177 32 form form NN work_27j75zbdvbduhd2fxzmr2pewhy 177 33 equilibrium equilibrium NN work_27j75zbdvbduhd2fxzmr2pewhy 177 34 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 177 35 corroborate corroborate VB work_27j75zbdvbduhd2fxzmr2pewhy 177 36 their -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 177 37 qualitative qualitative JJ work_27j75zbdvbduhd2fxzmr2pewhy 177 38 results result NNS work_27j75zbdvbduhd2fxzmr2pewhy 177 39 . . . work_27j75zbdvbduhd2fxzmr2pewhy 178 1 One one CD work_27j75zbdvbduhd2fxzmr2pewhy 178 2 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 178 3 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 178 4 equivalent equivalent JJ work_27j75zbdvbduhd2fxzmr2pewhy 178 5 conditions condition NNS work_27j75zbdvbduhd2fxzmr2pewhy 178 6 under under IN work_27j75zbdvbduhd2fxzmr2pewhy 178 7 which which WDT work_27j75zbdvbduhd2fxzmr2pewhy 178 8 technical technical JJ work_27j75zbdvbduhd2fxzmr2pewhy 178 9 analysis analysis NN work_27j75zbdvbduhd2fxzmr2pewhy 178 10 has have VBZ work_27j75zbdvbduhd2fxzmr2pewhy 178 11 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 178 12 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 178 13 that that DT work_27j75zbdvbduhd2fxzmr2pewhy 178 14 p1 p1 NN work_27j75zbdvbduhd2fxzmr2pewhy 178 15 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 178 16 not not RB work_27j75zbdvbduhd2fxzmr2pewhy 178 17 redundant redundant JJ work_27j75zbdvbduhd2fxzmr2pewhy 178 18 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 178 19 determining determine VBG work_27j75zbdvbduhd2fxzmr2pewhy 178 20 D2i d2i NN work_27j75zbdvbduhd2fxzmr2pewhy 178 21 , , , work_27j75zbdvbduhd2fxzmr2pewhy 178 22 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 178 23 demand demand NN work_27j75zbdvbduhd2fxzmr2pewhy 178 24 function function NN work_27j75zbdvbduhd2fxzmr2pewhy 178 25 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 178 26 some some DT work_27j75zbdvbduhd2fxzmr2pewhy 178 27 investor investor NN work_27j75zbdvbduhd2fxzmr2pewhy 178 28 i i PRP work_27j75zbdvbduhd2fxzmr2pewhy 178 29 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 178 30 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 178 31 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 178 32 . . . work_27j75zbdvbduhd2fxzmr2pewhy 179 1 8 8 CD work_27j75zbdvbduhd2fxzmr2pewhy 179 2 From from IN work_27j75zbdvbduhd2fxzmr2pewhy 179 3 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 179 4 proof proof NN work_27j75zbdvbduhd2fxzmr2pewhy 179 5 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 179 6 Proposition Proposition NNP work_27j75zbdvbduhd2fxzmr2pewhy 179 7 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 179 8 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 179 9 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 179 10 appendix appendix NNP work_27j75zbdvbduhd2fxzmr2pewhy 179 11 , , , work_27j75zbdvbduhd2fxzmr2pewhy 179 12 D2i D2i NNP work_27j75zbdvbduhd2fxzmr2pewhy 179 13 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 179 14 given give VBN work_27j75zbdvbduhd2fxzmr2pewhy 179 15 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 179 16 follows follow VBZ work_27j75zbdvbduhd2fxzmr2pewhy 179 17 . . . work_27j75zbdvbduhd2fxzmr2pewhy 180 1 D2i d2i XX work_27j75zbdvbduhd2fxzmr2pewhy 180 2 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 180 3 τ τ LS work_27j75zbdvbduhd2fxzmr2pewhy 180 4 [ [ -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 180 5 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 180 6 α α DT work_27j75zbdvbduhd2fxzmr2pewhy 180 7 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 180 8 b b NNP work_27j75zbdvbduhd2fxzmr2pewhy 180 9 c c NNP work_27j75zbdvbduhd2fxzmr2pewhy 180 10 ρ ρ NNP work_27j75zbdvbduhd2fxzmr2pewhy 180 11 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 180 12 b2 b2 NN work_27j75zbdvbduhd2fxzmr2pewhy 180 13 c2 c2 NN work_27j75zbdvbduhd2fxzmr2pewhy 180 14 ρ2)z ρ2)z NN work_27j75zbdvbduhd2fxzmr2pewhy 180 15 + + NFP work_27j75zbdvbduhd2fxzmr2pewhy 180 16 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 180 17 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 180 18 c c NN work_27j75zbdvbduhd2fxzmr2pewhy 180 19 ρ ρ IN work_27j75zbdvbduhd2fxzmr2pewhy 180 20 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 180 21 a2 a2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 180 22 c2 c2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 180 23 ρ2)p1 ρ2)p1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 180 24 + + NNP work_27j75zbdvbduhd2fxzmr2pewhy 180 25 βx2i βx2i NNP work_27j75zbdvbduhd2fxzmr2pewhy 180 26 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 180 27 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 180 28 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 180 29 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 180 30 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 180 31 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 180 32 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 180 33 + + NNS work_27j75zbdvbduhd2fxzmr2pewhy 180 34 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 180 35 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 180 36 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 180 37 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 180 38 c2 c2 NN work_27j75zbdvbduhd2fxzmr2pewhy 180 39 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 180 40 ρ2)p2 ρ2)p2 VB work_27j75zbdvbduhd2fxzmr2pewhy 180 41 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 180 42 Conditional Conditional NNP work_27j75zbdvbduhd2fxzmr2pewhy 180 43 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 180 44 z z NNP work_27j75zbdvbduhd2fxzmr2pewhy 180 45 , , , work_27j75zbdvbduhd2fxzmr2pewhy 180 46 x2i x2i NNP work_27j75zbdvbduhd2fxzmr2pewhy 180 47 , , , work_27j75zbdvbduhd2fxzmr2pewhy 180 48 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 180 49 p2 p2 NN work_27j75zbdvbduhd2fxzmr2pewhy 180 50 , , , work_27j75zbdvbduhd2fxzmr2pewhy 180 51 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 180 52 incremental incremental JJ work_27j75zbdvbduhd2fxzmr2pewhy 180 53 weight weight NN work_27j75zbdvbduhd2fxzmr2pewhy 180 54 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 180 55 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 180 56 historical historical JJ work_27j75zbdvbduhd2fxzmr2pewhy 180 57 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 180 58 p1 p1 NN work_27j75zbdvbduhd2fxzmr2pewhy 180 59 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 180 60 not not RB work_27j75zbdvbduhd2fxzmr2pewhy 180 61 zero zero CD work_27j75zbdvbduhd2fxzmr2pewhy 180 62 because because IN work_27j75zbdvbduhd2fxzmr2pewhy 180 63 τ τ NN work_27j75zbdvbduhd2fxzmr2pewhy 180 64 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 180 65 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 180 66 c c NN work_27j75zbdvbduhd2fxzmr2pewhy 180 67 ρ ρ IN work_27j75zbdvbduhd2fxzmr2pewhy 180 68 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 180 69 a2 a2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 180 70 c2 c2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 180 71 ρ2 ρ2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 180 72 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 180 73 = = NFP work_27j75zbdvbduhd2fxzmr2pewhy 180 74 βρ(α βρ(α NN work_27j75zbdvbduhd2fxzmr2pewhy 180 75 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 180 76 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 180 77 + + NN work_27j75zbdvbduhd2fxzmr2pewhy 180 78 ρ)(α ρ)(α NNP work_27j75zbdvbduhd2fxzmr2pewhy 180 79 + + NNP work_27j75zbdvbduhd2fxzmr2pewhy 180 80 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 180 81 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 180 82 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 180 83 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 180 84 ρ2)τ ρ2)τ FW work_27j75zbdvbduhd2fxzmr2pewhy 180 85 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 180 86 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 180 87 + + NNS work_27j75zbdvbduhd2fxzmr2pewhy 180 88 ρ2)(β2 ρ2)(β2 XX work_27j75zbdvbduhd2fxzmr2pewhy 180 89 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 180 90 ρ(α ρ(α CD work_27j75zbdvbduhd2fxzmr2pewhy 180 91 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 180 92 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 180 93 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 180 94 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 180 95 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 180 96 + + NNP work_27j75zbdvbduhd2fxzmr2pewhy 180 97 β(2ρ β(2ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 180 98 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 180 99 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 180 100 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 180 101 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 180 102 6= 6= CD work_27j75zbdvbduhd2fxzmr2pewhy 180 103 0 0 CD work_27j75zbdvbduhd2fxzmr2pewhy 180 104 Therefore therefore RB work_27j75zbdvbduhd2fxzmr2pewhy 180 105 , , , work_27j75zbdvbduhd2fxzmr2pewhy 180 106 technical technical JJ work_27j75zbdvbduhd2fxzmr2pewhy 180 107 analysis analysis NN work_27j75zbdvbduhd2fxzmr2pewhy 180 108 , , , work_27j75zbdvbduhd2fxzmr2pewhy 180 109 or or CC work_27j75zbdvbduhd2fxzmr2pewhy 180 110 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 180 111 analysis analysis NN work_27j75zbdvbduhd2fxzmr2pewhy 180 112 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 180 113 historical historical JJ work_27j75zbdvbduhd2fxzmr2pewhy 180 114 prices price NNS work_27j75zbdvbduhd2fxzmr2pewhy 180 115 , , , work_27j75zbdvbduhd2fxzmr2pewhy 180 116 does do VBZ work_27j75zbdvbduhd2fxzmr2pewhy 180 117 have have VB work_27j75zbdvbduhd2fxzmr2pewhy 180 118 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 180 119 . . . work_27j75zbdvbduhd2fxzmr2pewhy 181 1 Furthermore furthermore RB work_27j75zbdvbduhd2fxzmr2pewhy 181 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 181 3 since since IN work_27j75zbdvbduhd2fxzmr2pewhy 181 4 we -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 181 5 have have VBP work_27j75zbdvbduhd2fxzmr2pewhy 181 6 obtained obtain VBN work_27j75zbdvbduhd2fxzmr2pewhy 181 7 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 181 8 closed closed JJ work_27j75zbdvbduhd2fxzmr2pewhy 181 9 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 181 10 form form NN work_27j75zbdvbduhd2fxzmr2pewhy 181 11 expressions expression NNS work_27j75zbdvbduhd2fxzmr2pewhy 181 12 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 181 13 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 181 14 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 181 15 ρ2 ρ2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 181 16 , , , work_27j75zbdvbduhd2fxzmr2pewhy 181 17 we -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 181 18 could could MD work_27j75zbdvbduhd2fxzmr2pewhy 181 19 also also RB work_27j75zbdvbduhd2fxzmr2pewhy 181 20 analyze analyze VB work_27j75zbdvbduhd2fxzmr2pewhy 181 21 how how WRB work_27j75zbdvbduhd2fxzmr2pewhy 181 22 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 181 23 quality quality NN work_27j75zbdvbduhd2fxzmr2pewhy 181 24 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 181 25 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 181 26 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 181 27 affects affect VBZ work_27j75zbdvbduhd2fxzmr2pewhy 181 28 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 181 29 additional additional JJ work_27j75zbdvbduhd2fxzmr2pewhy 181 30 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 181 31 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 181 32 historical historical JJ work_27j75zbdvbduhd2fxzmr2pewhy 181 33 prices price NNS work_27j75zbdvbduhd2fxzmr2pewhy 181 34 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 181 35 technical technical JJ work_27j75zbdvbduhd2fxzmr2pewhy 181 36 analysis analysis NN work_27j75zbdvbduhd2fxzmr2pewhy 181 37 . . . work_27j75zbdvbduhd2fxzmr2pewhy 182 1 I -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 182 2 leave leave VBP work_27j75zbdvbduhd2fxzmr2pewhy 182 3 this this DT work_27j75zbdvbduhd2fxzmr2pewhy 182 4 topic topic NN work_27j75zbdvbduhd2fxzmr2pewhy 182 5 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 182 6 future future JJ work_27j75zbdvbduhd2fxzmr2pewhy 182 7 research research NN work_27j75zbdvbduhd2fxzmr2pewhy 182 8 . . . work_27j75zbdvbduhd2fxzmr2pewhy 183 1 We -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 183 2 could could MD work_27j75zbdvbduhd2fxzmr2pewhy 183 3 also also RB work_27j75zbdvbduhd2fxzmr2pewhy 183 4 use use VB work_27j75zbdvbduhd2fxzmr2pewhy 183 5 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 183 6 closed closed JJ work_27j75zbdvbduhd2fxzmr2pewhy 183 7 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 183 8 form form NN work_27j75zbdvbduhd2fxzmr2pewhy 183 9 equilibrium equilibrium NN work_27j75zbdvbduhd2fxzmr2pewhy 183 10 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 183 11 confirm confirm VB work_27j75zbdvbduhd2fxzmr2pewhy 183 12 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 183 13 main main JJ work_27j75zbdvbduhd2fxzmr2pewhy 183 14 theme theme NN work_27j75zbdvbduhd2fxzmr2pewhy 183 15 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 183 16 Allen Allen NNP work_27j75zbdvbduhd2fxzmr2pewhy 183 17 , , , work_27j75zbdvbduhd2fxzmr2pewhy 183 18 Morris Morris NNP work_27j75zbdvbduhd2fxzmr2pewhy 183 19 , , , work_27j75zbdvbduhd2fxzmr2pewhy 183 20 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 183 21 Shin Shin NNP work_27j75zbdvbduhd2fxzmr2pewhy 183 22 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 183 23 2006 2006 CD work_27j75zbdvbduhd2fxzmr2pewhy 183 24 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 183 25 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 183 26 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 183 27 rational rational JJ work_27j75zbdvbduhd2fxzmr2pewhy 183 28 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 183 29 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 183 30 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 183 31 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 183 32 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 183 33 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 183 34 could could MD work_27j75zbdvbduhd2fxzmr2pewhy 183 35 arise arise VB work_27j75zbdvbduhd2fxzmr2pewhy 183 36 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 183 37 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 183 38 ’ ’ POS work_27j75zbdvbduhd2fxzmr2pewhy 183 39 short short JJ work_27j75zbdvbduhd2fxzmr2pewhy 183 40 horizons horizon NNS work_27j75zbdvbduhd2fxzmr2pewhy 183 41 . . . work_27j75zbdvbduhd2fxzmr2pewhy 184 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 184 2 existence existence NN work_27j75zbdvbduhd2fxzmr2pewhy 184 3 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 184 4 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 184 5 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 184 6 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 184 7 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 184 8 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 184 9 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 184 10 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 184 11 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 184 12 equivalent equivalent JJ work_27j75zbdvbduhd2fxzmr2pewhy 184 13 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 184 14 b b NNP work_27j75zbdvbduhd2fxzmr2pewhy 184 15 > > XX work_27j75zbdvbduhd2fxzmr2pewhy 184 16 b̂. b̂. NN work_27j75zbdvbduhd2fxzmr2pewhy 185 1 That that RB work_27j75zbdvbduhd2fxzmr2pewhy 185 2 is is RB work_27j75zbdvbduhd2fxzmr2pewhy 185 3 , , , work_27j75zbdvbduhd2fxzmr2pewhy 185 4 there there RB work_27j75zbdvbduhd2fxzmr2pewhy 185 5 8See 8see CD work_27j75zbdvbduhd2fxzmr2pewhy 185 6 page page NN work_27j75zbdvbduhd2fxzmr2pewhy 185 7 534 534 CD work_27j75zbdvbduhd2fxzmr2pewhy 185 8 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 185 9 Brown Brown NNP work_27j75zbdvbduhd2fxzmr2pewhy 185 10 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 185 11 Jennings Jennings NNP work_27j75zbdvbduhd2fxzmr2pewhy 185 12 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 185 13 1989 1989 CD work_27j75zbdvbduhd2fxzmr2pewhy 185 14 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 185 15 . . . work_27j75zbdvbduhd2fxzmr2pewhy 186 1 15 15 CD work_27j75zbdvbduhd2fxzmr2pewhy 186 2 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 186 3 an an DT work_27j75zbdvbduhd2fxzmr2pewhy 186 4 extra extra JJ work_27j75zbdvbduhd2fxzmr2pewhy 186 5 weight weight NN work_27j75zbdvbduhd2fxzmr2pewhy 186 6 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 186 7 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 186 8 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 186 9 above above IN work_27j75zbdvbduhd2fxzmr2pewhy 186 10 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 186 11 beyond beyond IN work_27j75zbdvbduhd2fxzmr2pewhy 186 12 its -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 186 13 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 186 14 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 186 15 . . . work_27j75zbdvbduhd2fxzmr2pewhy 187 1 Apparently apparently RB work_27j75zbdvbduhd2fxzmr2pewhy 187 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 187 3 b b NNP work_27j75zbdvbduhd2fxzmr2pewhy 187 4 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 187 5 b̂ b̂ NNP work_27j75zbdvbduhd2fxzmr2pewhy 187 6 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 187 7 α α NNP work_27j75zbdvbduhd2fxzmr2pewhy 187 8 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 187 9 + + NNP work_27j75zbdvbduhd2fxzmr2pewhy 187 10 ρ1k ρ1k , work_27j75zbdvbduhd2fxzmr2pewhy 187 11 + + UH work_27j75zbdvbduhd2fxzmr2pewhy 187 12 βM βM . work_27j75zbdvbduhd2fxzmr2pewhy 187 13 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 187 14 α α NNP work_27j75zbdvbduhd2fxzmr2pewhy 187 15 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 187 16 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 187 17 ρ1 ρ1 NN work_27j75zbdvbduhd2fxzmr2pewhy 187 18 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 187 19 β β NNP work_27j75zbdvbduhd2fxzmr2pewhy 187 20 > > XX work_27j75zbdvbduhd2fxzmr2pewhy 187 21 0 0 CD work_27j75zbdvbduhd2fxzmr2pewhy 187 22 since since IN work_27j75zbdvbduhd2fxzmr2pewhy 187 23 k k NN work_27j75zbdvbduhd2fxzmr2pewhy 187 24 < < XX work_27j75zbdvbduhd2fxzmr2pewhy 187 25 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 187 26 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 187 27 M M NNP work_27j75zbdvbduhd2fxzmr2pewhy 187 28 < < NNP work_27j75zbdvbduhd2fxzmr2pewhy 187 29 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 187 30 . . . work_27j75zbdvbduhd2fxzmr2pewhy 188 1 Moreover moreover RB work_27j75zbdvbduhd2fxzmr2pewhy 188 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 188 3 because because IN work_27j75zbdvbduhd2fxzmr2pewhy 188 4 we -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 188 5 have have VBP work_27j75zbdvbduhd2fxzmr2pewhy 188 6 derived derive VBN work_27j75zbdvbduhd2fxzmr2pewhy 188 7 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 188 8 explicit explicit JJ work_27j75zbdvbduhd2fxzmr2pewhy 188 9 expressions expression NNS work_27j75zbdvbduhd2fxzmr2pewhy 188 10 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 188 11 b b NN work_27j75zbdvbduhd2fxzmr2pewhy 188 12 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 188 13 b̂ b̂ NNP work_27j75zbdvbduhd2fxzmr2pewhy 188 14 , , , work_27j75zbdvbduhd2fxzmr2pewhy 188 15 we -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 188 16 can can MD work_27j75zbdvbduhd2fxzmr2pewhy 188 17 examine examine VB work_27j75zbdvbduhd2fxzmr2pewhy 188 18 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 188 19 properties property NNS work_27j75zbdvbduhd2fxzmr2pewhy 188 20 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 188 21 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 188 22 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 188 23 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 188 24 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 188 25 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 188 26 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 188 27 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 188 28 beyond beyond IN work_27j75zbdvbduhd2fxzmr2pewhy 188 29 its -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 188 30 existence existence NN work_27j75zbdvbduhd2fxzmr2pewhy 188 31 . . . work_27j75zbdvbduhd2fxzmr2pewhy 189 1 This this DT work_27j75zbdvbduhd2fxzmr2pewhy 189 2 paper paper NN work_27j75zbdvbduhd2fxzmr2pewhy 189 3 focuses focus VBZ work_27j75zbdvbduhd2fxzmr2pewhy 189 4 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 189 5 one one CD work_27j75zbdvbduhd2fxzmr2pewhy 189 6 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 189 7 these these DT work_27j75zbdvbduhd2fxzmr2pewhy 189 8 other other JJ work_27j75zbdvbduhd2fxzmr2pewhy 189 9 properties property NNS work_27j75zbdvbduhd2fxzmr2pewhy 189 10 : : : work_27j75zbdvbduhd2fxzmr2pewhy 189 11 how how WRB work_27j75zbdvbduhd2fxzmr2pewhy 189 12 changes change NNS work_27j75zbdvbduhd2fxzmr2pewhy 189 13 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 189 14 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 189 15 quality quality NN work_27j75zbdvbduhd2fxzmr2pewhy 189 16 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 189 17 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 189 18 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 189 19 affect affect VBP work_27j75zbdvbduhd2fxzmr2pewhy 189 20 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 189 21 informativeness informativeness NN work_27j75zbdvbduhd2fxzmr2pewhy 189 22 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 189 23 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 189 24 prices price NNS work_27j75zbdvbduhd2fxzmr2pewhy 189 25 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 189 26 signals signal NNS work_27j75zbdvbduhd2fxzmr2pewhy 189 27 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 189 28 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 189 29 fundamental fundamental JJ work_27j75zbdvbduhd2fxzmr2pewhy 189 30 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 189 31 . . . work_27j75zbdvbduhd2fxzmr2pewhy 190 1 In in IN work_27j75zbdvbduhd2fxzmr2pewhy 190 2 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 190 3 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 190 4 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 190 5 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 190 6 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 190 7 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 190 8 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 190 9 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 190 10 , , , work_27j75zbdvbduhd2fxzmr2pewhy 190 11 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 190 12 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 190 13 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 190 14 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 190 15 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 190 16 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 190 17 makes make VBZ work_27j75zbdvbduhd2fxzmr2pewhy 190 18 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 190 19 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 190 20 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 190 21 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 190 22 more more RBR work_27j75zbdvbduhd2fxzmr2pewhy 190 23 accurate accurate JJ work_27j75zbdvbduhd2fxzmr2pewhy 190 24 signal signal NN work_27j75zbdvbduhd2fxzmr2pewhy 190 25 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 190 26 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 190 27 fundamental fundamental JJ work_27j75zbdvbduhd2fxzmr2pewhy 190 28 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 190 29 , , , work_27j75zbdvbduhd2fxzmr2pewhy 190 30 whereas whereas IN work_27j75zbdvbduhd2fxzmr2pewhy 190 31 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 190 32 commonality commonality NN work_27j75zbdvbduhd2fxzmr2pewhy 190 33 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 190 34 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 190 35 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 190 36 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 190 37 drives drive VBZ work_27j75zbdvbduhd2fxzmr2pewhy 190 38 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 190 39 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 190 40 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 190 41 away away RB work_27j75zbdvbduhd2fxzmr2pewhy 190 42 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 190 43 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 190 44 fundamental fundamental JJ work_27j75zbdvbduhd2fxzmr2pewhy 190 45 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 190 46 . . . work_27j75zbdvbduhd2fxzmr2pewhy 191 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 191 2 overall overall JJ work_27j75zbdvbduhd2fxzmr2pewhy 191 3 impact impact NN work_27j75zbdvbduhd2fxzmr2pewhy 191 4 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 191 5 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 191 6 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 191 7 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 191 8 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 191 9 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 191 10 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 191 11 thus thus RB work_27j75zbdvbduhd2fxzmr2pewhy 191 12 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 191 13 trade trade NN work_27j75zbdvbduhd2fxzmr2pewhy 191 14 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 191 15 off off NN work_27j75zbdvbduhd2fxzmr2pewhy 191 16 between between IN work_27j75zbdvbduhd2fxzmr2pewhy 191 17 these these DT work_27j75zbdvbduhd2fxzmr2pewhy 191 18 two two CD work_27j75zbdvbduhd2fxzmr2pewhy 191 19 opposing oppose VBG work_27j75zbdvbduhd2fxzmr2pewhy 191 20 forces force NNS work_27j75zbdvbduhd2fxzmr2pewhy 191 21 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 191 22 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 191 23 answer answer NN work_27j75zbdvbduhd2fxzmr2pewhy 191 24 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 191 25 not not RB work_27j75zbdvbduhd2fxzmr2pewhy 191 26 straightforward straightforward JJ work_27j75zbdvbduhd2fxzmr2pewhy 191 27 . . . work_27j75zbdvbduhd2fxzmr2pewhy 192 1 For for IN work_27j75zbdvbduhd2fxzmr2pewhy 192 2 example example NN work_27j75zbdvbduhd2fxzmr2pewhy 192 3 , , , work_27j75zbdvbduhd2fxzmr2pewhy 192 4 one one CD work_27j75zbdvbduhd2fxzmr2pewhy 192 5 extreme extreme JJ work_27j75zbdvbduhd2fxzmr2pewhy 192 6 case case NN work_27j75zbdvbduhd2fxzmr2pewhy 192 7 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 192 8 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 192 9 eliminate eliminate VB work_27j75zbdvbduhd2fxzmr2pewhy 192 10 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 192 11 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 192 12 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 192 13 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 192 14 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 192 15 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 192 16 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 192 17 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 192 18 prohibiting prohibit VBG work_27j75zbdvbduhd2fxzmr2pewhy 192 19 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 192 20 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 192 21 . . . work_27j75zbdvbduhd2fxzmr2pewhy 193 1 As as IN work_27j75zbdvbduhd2fxzmr2pewhy 193 2 α α PRP work_27j75zbdvbduhd2fxzmr2pewhy 193 3 goes go VBZ work_27j75zbdvbduhd2fxzmr2pewhy 193 4 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 193 5 zero zero CD work_27j75zbdvbduhd2fxzmr2pewhy 193 6 , , , work_27j75zbdvbduhd2fxzmr2pewhy 193 7 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 193 8 weight weight NN work_27j75zbdvbduhd2fxzmr2pewhy 193 9 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 193 10 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 193 11 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 193 12 approaches approach NNS work_27j75zbdvbduhd2fxzmr2pewhy 193 13 zero zero CD work_27j75zbdvbduhd2fxzmr2pewhy 193 14 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 193 15 both both CC work_27j75zbdvbduhd2fxzmr2pewhy 193 16 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 193 17 long- long- JJ work_27j75zbdvbduhd2fxzmr2pewhy 193 18 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 193 19 short short JJ work_27j75zbdvbduhd2fxzmr2pewhy 193 20 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 193 21 horizon horizon NN work_27j75zbdvbduhd2fxzmr2pewhy 193 22 economies economy NNS work_27j75zbdvbduhd2fxzmr2pewhy 193 23 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 193 24 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 193 25 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 193 26 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 193 27 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 193 28 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 193 29 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 193 30 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 193 31 vanishes vanishe NNS work_27j75zbdvbduhd2fxzmr2pewhy 193 32 . . . work_27j75zbdvbduhd2fxzmr2pewhy 194 1 In in IN work_27j75zbdvbduhd2fxzmr2pewhy 194 2 this this DT work_27j75zbdvbduhd2fxzmr2pewhy 194 3 case case NN work_27j75zbdvbduhd2fxzmr2pewhy 194 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 194 5 does do VBZ work_27j75zbdvbduhd2fxzmr2pewhy 194 6 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 194 7 withdrawal withdrawal NN work_27j75zbdvbduhd2fxzmr2pewhy 194 8 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 194 9 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 194 10 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 194 11 drive drive NN work_27j75zbdvbduhd2fxzmr2pewhy 194 12 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 194 13 prices price NNS work_27j75zbdvbduhd2fxzmr2pewhy 194 14 closer close RBR work_27j75zbdvbduhd2fxzmr2pewhy 194 15 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 194 16 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 194 17 fundamental fundamental JJ work_27j75zbdvbduhd2fxzmr2pewhy 194 18 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 194 19 ? ? . work_27j75zbdvbduhd2fxzmr2pewhy 195 1 While while IN work_27j75zbdvbduhd2fxzmr2pewhy 195 2 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 195 3 put put VBD work_27j75zbdvbduhd2fxzmr2pewhy 195 4 no no DT work_27j75zbdvbduhd2fxzmr2pewhy 195 5 weight weight NN work_27j75zbdvbduhd2fxzmr2pewhy 195 6 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 195 7 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 195 8 noise noise NN work_27j75zbdvbduhd2fxzmr2pewhy 195 9 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 195 10 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 195 11 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 195 12 signal signal NN work_27j75zbdvbduhd2fxzmr2pewhy 195 13 , , , work_27j75zbdvbduhd2fxzmr2pewhy 195 14 they -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 195 15 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 195 16 now now RB work_27j75zbdvbduhd2fxzmr2pewhy 195 17 putting put VBG work_27j75zbdvbduhd2fxzmr2pewhy 195 18 more more JJR work_27j75zbdvbduhd2fxzmr2pewhy 195 19 weight weight NN work_27j75zbdvbduhd2fxzmr2pewhy 195 20 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 195 21 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 195 22 supply supply NN work_27j75zbdvbduhd2fxzmr2pewhy 195 23 noise.9 noise.9 PDT work_27j75zbdvbduhd2fxzmr2pewhy 195 24 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 195 25 net net JJ work_27j75zbdvbduhd2fxzmr2pewhy 195 26 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 195 27 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 195 28 withdrawing withdraw VBG work_27j75zbdvbduhd2fxzmr2pewhy 195 29 some some DT work_27j75zbdvbduhd2fxzmr2pewhy 195 30 noisy noisy JJ work_27j75zbdvbduhd2fxzmr2pewhy 195 31 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 195 32 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 195 33 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 195 34 therefore therefore RB work_27j75zbdvbduhd2fxzmr2pewhy 195 35 ambiguous ambiguous JJ work_27j75zbdvbduhd2fxzmr2pewhy 195 36 . . . work_27j75zbdvbduhd2fxzmr2pewhy 196 1 I -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 196 2 formally formally RB work_27j75zbdvbduhd2fxzmr2pewhy 196 3 study study VBP work_27j75zbdvbduhd2fxzmr2pewhy 196 4 this this DT work_27j75zbdvbduhd2fxzmr2pewhy 196 5 issue issue NN work_27j75zbdvbduhd2fxzmr2pewhy 196 6 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 196 7 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 196 8 rest rest NN work_27j75zbdvbduhd2fxzmr2pewhy 196 9 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 196 10 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 196 11 paper paper NN work_27j75zbdvbduhd2fxzmr2pewhy 196 12 . . . work_27j75zbdvbduhd2fxzmr2pewhy 197 1 9This 9this CD work_27j75zbdvbduhd2fxzmr2pewhy 197 2 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 197 3 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 197 4 case case NN work_27j75zbdvbduhd2fxzmr2pewhy 197 5 because because IN work_27j75zbdvbduhd2fxzmr2pewhy 197 6 d d NN work_27j75zbdvbduhd2fxzmr2pewhy 197 7 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 197 8 decreasing decrease VBG work_27j75zbdvbduhd2fxzmr2pewhy 197 9 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 197 10 α α PRP work_27j75zbdvbduhd2fxzmr2pewhy 197 11 . . . work_27j75zbdvbduhd2fxzmr2pewhy 198 1 16 16 CD work_27j75zbdvbduhd2fxzmr2pewhy 198 2 4 4 CD work_27j75zbdvbduhd2fxzmr2pewhy 198 3 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 198 4 Beauty Beauty NNP work_27j75zbdvbduhd2fxzmr2pewhy 198 5 Contest Contest NNP work_27j75zbdvbduhd2fxzmr2pewhy 198 6 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 198 7 Market market NN work_27j75zbdvbduhd2fxzmr2pewhy 198 8 Efficiency Efficiency NNP work_27j75zbdvbduhd2fxzmr2pewhy 198 9 While while IN work_27j75zbdvbduhd2fxzmr2pewhy 198 10 there there EX work_27j75zbdvbduhd2fxzmr2pewhy 198 11 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 198 12 many many JJ work_27j75zbdvbduhd2fxzmr2pewhy 198 13 metrics metric NNS work_27j75zbdvbduhd2fxzmr2pewhy 198 14 measuring measure VBG work_27j75zbdvbduhd2fxzmr2pewhy 198 15 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 198 16 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 198 17 , , , work_27j75zbdvbduhd2fxzmr2pewhy 198 18 I -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 198 19 focus focus VBP work_27j75zbdvbduhd2fxzmr2pewhy 198 20 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 198 21 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 198 22 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 198 23 , , , work_27j75zbdvbduhd2fxzmr2pewhy 198 24 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 198 25 accuracy accuracy NN work_27j75zbdvbduhd2fxzmr2pewhy 198 26 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 198 27 which which WDT work_27j75zbdvbduhd2fxzmr2pewhy 198 28 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 198 29 prices price NNS work_27j75zbdvbduhd2fxzmr2pewhy 198 30 reflect reflect VBP work_27j75zbdvbduhd2fxzmr2pewhy 198 31 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 198 32 fundamental fundamental JJ work_27j75zbdvbduhd2fxzmr2pewhy 198 33 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 198 34 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 198 35 see see VB work_27j75zbdvbduhd2fxzmr2pewhy 198 36 Tobin Tobin NNP work_27j75zbdvbduhd2fxzmr2pewhy 198 37 , , , work_27j75zbdvbduhd2fxzmr2pewhy 198 38 1984 1984 CD work_27j75zbdvbduhd2fxzmr2pewhy 198 39 , , , work_27j75zbdvbduhd2fxzmr2pewhy 198 40 e.g e.g NNP work_27j75zbdvbduhd2fxzmr2pewhy 198 41 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 198 42 . . . work_27j75zbdvbduhd2fxzmr2pewhy 199 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 199 2 primary primary JJ work_27j75zbdvbduhd2fxzmr2pewhy 199 3 goal goal NN work_27j75zbdvbduhd2fxzmr2pewhy 199 4 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 199 5 financial financial JJ work_27j75zbdvbduhd2fxzmr2pewhy 199 6 reporting reporting NN work_27j75zbdvbduhd2fxzmr2pewhy 199 7 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 199 8 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 199 9 provide provide VB work_27j75zbdvbduhd2fxzmr2pewhy 199 10 various various JJ work_27j75zbdvbduhd2fxzmr2pewhy 199 11 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 199 12 participants participant NNS work_27j75zbdvbduhd2fxzmr2pewhy 199 13 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 199 14 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 199 15 about about IN work_27j75zbdvbduhd2fxzmr2pewhy 199 16 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 199 17 business business NN work_27j75zbdvbduhd2fxzmr2pewhy 199 18 en- en- DT work_27j75zbdvbduhd2fxzmr2pewhy 199 19 terprise terprise NN work_27j75zbdvbduhd2fxzmr2pewhy 199 20 ’s ’s POS work_27j75zbdvbduhd2fxzmr2pewhy 199 21 fundamental fundamental JJ work_27j75zbdvbduhd2fxzmr2pewhy 199 22 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 199 23 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 199 24 see see VB work_27j75zbdvbduhd2fxzmr2pewhy 199 25 FASB FASB NNP work_27j75zbdvbduhd2fxzmr2pewhy 199 26 , , , work_27j75zbdvbduhd2fxzmr2pewhy 199 27 1978 1978 CD work_27j75zbdvbduhd2fxzmr2pewhy 199 28 , , , work_27j75zbdvbduhd2fxzmr2pewhy 199 29 e.g. e.g. RB work_27j75zbdvbduhd2fxzmr2pewhy 199 30 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 199 31 . . . work_27j75zbdvbduhd2fxzmr2pewhy 200 1 Meanwhile meanwhile RB work_27j75zbdvbduhd2fxzmr2pewhy 200 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 200 3 one one CD work_27j75zbdvbduhd2fxzmr2pewhy 200 4 basic basic JJ work_27j75zbdvbduhd2fxzmr2pewhy 200 5 function function NN work_27j75zbdvbduhd2fxzmr2pewhy 200 6 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 200 7 markets market NNS work_27j75zbdvbduhd2fxzmr2pewhy 200 8 , , , work_27j75zbdvbduhd2fxzmr2pewhy 200 9 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 200 10 markets market NNS work_27j75zbdvbduhd2fxzmr2pewhy 200 11 included include VBD work_27j75zbdvbduhd2fxzmr2pewhy 200 12 , , , work_27j75zbdvbduhd2fxzmr2pewhy 200 13 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 200 14 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 200 15 aggregate aggregate VB work_27j75zbdvbduhd2fxzmr2pewhy 200 16 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 200 17 disseminate disseminate VB work_27j75zbdvbduhd2fxzmr2pewhy 200 18 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 200 19 relevant relevant JJ work_27j75zbdvbduhd2fxzmr2pewhy 200 20 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 200 21 inherently inherently RB work_27j75zbdvbduhd2fxzmr2pewhy 200 22 dispersed disperse VBD work_27j75zbdvbduhd2fxzmr2pewhy 200 23 among among IN work_27j75zbdvbduhd2fxzmr2pewhy 200 24 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 200 25 participants participant NNS work_27j75zbdvbduhd2fxzmr2pewhy 200 26 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 200 27 see see VB work_27j75zbdvbduhd2fxzmr2pewhy 200 28 Hayek Hayek NNP work_27j75zbdvbduhd2fxzmr2pewhy 200 29 , , , work_27j75zbdvbduhd2fxzmr2pewhy 200 30 1945 1945 CD work_27j75zbdvbduhd2fxzmr2pewhy 200 31 , , , work_27j75zbdvbduhd2fxzmr2pewhy 200 32 e.g. e.g. RB work_27j75zbdvbduhd2fxzmr2pewhy 200 33 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 200 34 . . . work_27j75zbdvbduhd2fxzmr2pewhy 201 1 To to IN work_27j75zbdvbduhd2fxzmr2pewhy 201 2 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 201 3 extent extent NN work_27j75zbdvbduhd2fxzmr2pewhy 201 4 that that WDT work_27j75zbdvbduhd2fxzmr2pewhy 201 5 I -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 201 6 examine examine VBP work_27j75zbdvbduhd2fxzmr2pewhy 201 7 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 201 8 impact impact NN work_27j75zbdvbduhd2fxzmr2pewhy 201 9 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 201 10 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 201 11 quality quality NN work_27j75zbdvbduhd2fxzmr2pewhy 201 12 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 201 13 accounting accounting NN work_27j75zbdvbduhd2fxzmr2pewhy 201 14 disclosure disclosure NN work_27j75zbdvbduhd2fxzmr2pewhy 201 15 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 201 16 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 201 17 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 201 18 discovery discovery NN work_27j75zbdvbduhd2fxzmr2pewhy 201 19 function function NN work_27j75zbdvbduhd2fxzmr2pewhy 201 20 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 201 21 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 201 22 markets market NNS work_27j75zbdvbduhd2fxzmr2pewhy 201 23 , , , work_27j75zbdvbduhd2fxzmr2pewhy 201 24 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 201 25 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 201 26 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 201 27 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 201 28 proper proper JJ work_27j75zbdvbduhd2fxzmr2pewhy 201 29 measure measure NN work_27j75zbdvbduhd2fxzmr2pewhy 201 30 . . . work_27j75zbdvbduhd2fxzmr2pewhy 202 1 By by IN work_27j75zbdvbduhd2fxzmr2pewhy 202 2 adhering adhere VBG work_27j75zbdvbduhd2fxzmr2pewhy 202 3 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 202 4 my -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 202 5 definition definition NN work_27j75zbdvbduhd2fxzmr2pewhy 202 6 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 202 7 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 202 8 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 202 9 , , , work_27j75zbdvbduhd2fxzmr2pewhy 202 10 I -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 202 11 try try VBP work_27j75zbdvbduhd2fxzmr2pewhy 202 12 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 202 13 avoid avoid VB work_27j75zbdvbduhd2fxzmr2pewhy 202 14 unnecessary unnecessary JJ work_27j75zbdvbduhd2fxzmr2pewhy 202 15 confusion confusion NN work_27j75zbdvbduhd2fxzmr2pewhy 202 16 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 202 17 terminology terminology NN work_27j75zbdvbduhd2fxzmr2pewhy 202 18 . . . work_27j75zbdvbduhd2fxzmr2pewhy 203 1 In in IN work_27j75zbdvbduhd2fxzmr2pewhy 203 2 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 203 3 theoretical theoretical JJ work_27j75zbdvbduhd2fxzmr2pewhy 203 4 literature literature NN work_27j75zbdvbduhd2fxzmr2pewhy 203 5 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 203 6 noisy noisy JJ work_27j75zbdvbduhd2fxzmr2pewhy 203 7 rational rational JJ work_27j75zbdvbduhd2fxzmr2pewhy 203 8 expectations expectation NNS work_27j75zbdvbduhd2fxzmr2pewhy 203 9 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 203 10 capital capital NN work_27j75zbdvbduhd2fxzmr2pewhy 203 11 markets market NNS work_27j75zbdvbduhd2fxzmr2pewhy 203 12 , , , work_27j75zbdvbduhd2fxzmr2pewhy 203 13 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 203 14 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 203 15 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 203 16 sometimes sometimes RB work_27j75zbdvbduhd2fxzmr2pewhy 203 17 labeled label VBN work_27j75zbdvbduhd2fxzmr2pewhy 203 18 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 203 19 informational informational JJ work_27j75zbdvbduhd2fxzmr2pewhy 203 20 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 203 21 , , , work_27j75zbdvbduhd2fxzmr2pewhy 203 22 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 203 23 opposed oppose VBN work_27j75zbdvbduhd2fxzmr2pewhy 203 24 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 203 25 allocational allocational JJ work_27j75zbdvbduhd2fxzmr2pewhy 203 26 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 203 27 based base VBN work_27j75zbdvbduhd2fxzmr2pewhy 203 28 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 203 29 Pareto Pareto NNP work_27j75zbdvbduhd2fxzmr2pewhy 203 30 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 203 31 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 203 32 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 203 33 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 203 34 general general JJ work_27j75zbdvbduhd2fxzmr2pewhy 203 35 equilibrium equilibrium NN work_27j75zbdvbduhd2fxzmr2pewhy 203 36 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 203 37 see see VB work_27j75zbdvbduhd2fxzmr2pewhy 203 38 Brunnermeier Brunnermeier NNP work_27j75zbdvbduhd2fxzmr2pewhy 203 39 , , , work_27j75zbdvbduhd2fxzmr2pewhy 203 40 2001 2001 CD work_27j75zbdvbduhd2fxzmr2pewhy 203 41 , , , work_27j75zbdvbduhd2fxzmr2pewhy 203 42 e.g. e.g. RB work_27j75zbdvbduhd2fxzmr2pewhy 203 43 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 203 44 . . . work_27j75zbdvbduhd2fxzmr2pewhy 204 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 204 2 label label NN work_27j75zbdvbduhd2fxzmr2pewhy 204 3 “ " `` work_27j75zbdvbduhd2fxzmr2pewhy 204 4 informa- informa- FW work_27j75zbdvbduhd2fxzmr2pewhy 204 5 tional tional NNP work_27j75zbdvbduhd2fxzmr2pewhy 204 6 ” " '' work_27j75zbdvbduhd2fxzmr2pewhy 204 7 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 204 8 inevitably inevitably RB work_27j75zbdvbduhd2fxzmr2pewhy 204 9 confused confused JJ work_27j75zbdvbduhd2fxzmr2pewhy 204 10 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 204 11 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 204 12 empirical empirical JJ work_27j75zbdvbduhd2fxzmr2pewhy 204 13 definition definition NN work_27j75zbdvbduhd2fxzmr2pewhy 204 14 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 204 15 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 204 16 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 204 17 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 204 18 Fama Fama NNP work_27j75zbdvbduhd2fxzmr2pewhy 204 19 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 204 20 1970 1970 CD work_27j75zbdvbduhd2fxzmr2pewhy 204 21 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 204 22 . . . work_27j75zbdvbduhd2fxzmr2pewhy 205 1 Moreover moreover RB work_27j75zbdvbduhd2fxzmr2pewhy 205 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 205 3 despite despite IN work_27j75zbdvbduhd2fxzmr2pewhy 205 4 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 205 5 possible possible JJ work_27j75zbdvbduhd2fxzmr2pewhy 205 6 divergence divergence NN work_27j75zbdvbduhd2fxzmr2pewhy 205 7 , , , work_27j75zbdvbduhd2fxzmr2pewhy 205 8 two two CD work_27j75zbdvbduhd2fxzmr2pewhy 205 9 types type NNS work_27j75zbdvbduhd2fxzmr2pewhy 205 10 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 205 11 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 205 12 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 205 13 closely closely RB work_27j75zbdvbduhd2fxzmr2pewhy 205 14 related.10 related.10 NNP work_27j75zbdvbduhd2fxzmr2pewhy 205 15 In in IN work_27j75zbdvbduhd2fxzmr2pewhy 205 16 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 205 17 much much RB work_27j75zbdvbduhd2fxzmr2pewhy 205 18 richer rich JJR work_27j75zbdvbduhd2fxzmr2pewhy 205 19 model model NN work_27j75zbdvbduhd2fxzmr2pewhy 205 20 , , , work_27j75zbdvbduhd2fxzmr2pewhy 205 21 more more RBR work_27j75zbdvbduhd2fxzmr2pewhy 205 22 accurate accurate JJ work_27j75zbdvbduhd2fxzmr2pewhy 205 23 prices price NNS work_27j75zbdvbduhd2fxzmr2pewhy 205 24 could could MD work_27j75zbdvbduhd2fxzmr2pewhy 205 25 enable enable VB work_27j75zbdvbduhd2fxzmr2pewhy 205 26 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 205 27 participants participant NNS work_27j75zbdvbduhd2fxzmr2pewhy 205 28 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 205 29 make make VB work_27j75zbdvbduhd2fxzmr2pewhy 205 30 better well JJR work_27j75zbdvbduhd2fxzmr2pewhy 205 31 informed inform VBN work_27j75zbdvbduhd2fxzmr2pewhy 205 32 deci- deci- NN work_27j75zbdvbduhd2fxzmr2pewhy 205 33 sions sion NNS work_27j75zbdvbduhd2fxzmr2pewhy 205 34 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 205 35 respect respect NN work_27j75zbdvbduhd2fxzmr2pewhy 205 36 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 205 37 resource resource NN work_27j75zbdvbduhd2fxzmr2pewhy 205 38 allocation allocation NN work_27j75zbdvbduhd2fxzmr2pewhy 205 39 . . . work_27j75zbdvbduhd2fxzmr2pewhy 206 1 To to IN work_27j75zbdvbduhd2fxzmr2pewhy 206 2 that that DT work_27j75zbdvbduhd2fxzmr2pewhy 206 3 extent extent NN work_27j75zbdvbduhd2fxzmr2pewhy 206 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 206 5 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 206 6 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 206 7 may may MD work_27j75zbdvbduhd2fxzmr2pewhy 206 8 also also RB work_27j75zbdvbduhd2fxzmr2pewhy 206 9 be be VB work_27j75zbdvbduhd2fxzmr2pewhy 206 10 viewed view VBN work_27j75zbdvbduhd2fxzmr2pewhy 206 11 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 206 12 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 206 13 reduced reduce VBN work_27j75zbdvbduhd2fxzmr2pewhy 206 14 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 206 15 form form NN work_27j75zbdvbduhd2fxzmr2pewhy 206 16 counterpart counterpart NN work_27j75zbdvbduhd2fxzmr2pewhy 206 17 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 206 18 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 206 19 Pareto Pareto NNP work_27j75zbdvbduhd2fxzmr2pewhy 206 20 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 206 21 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 206 22 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 206 23 based base VBN work_27j75zbdvbduhd2fxzmr2pewhy 206 24 definition definition NN work_27j75zbdvbduhd2fxzmr2pewhy 206 25 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 206 26 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 206 27 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 206 28 , , , work_27j75zbdvbduhd2fxzmr2pewhy 206 29 such such JJ work_27j75zbdvbduhd2fxzmr2pewhy 206 30 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 206 31 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 206 32 one one CD work_27j75zbdvbduhd2fxzmr2pewhy 206 33 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 206 34 Grossman Grossman NNP work_27j75zbdvbduhd2fxzmr2pewhy 206 35 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 206 36 1995 1995 CD work_27j75zbdvbduhd2fxzmr2pewhy 206 37 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 206 38 . . . work_27j75zbdvbduhd2fxzmr2pewhy 207 1 Price price NN work_27j75zbdvbduhd2fxzmr2pewhy 207 2 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 207 3 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 207 4 measured measure VBN work_27j75zbdvbduhd2fxzmr2pewhy 207 5 using use VBG work_27j75zbdvbduhd2fxzmr2pewhy 207 6 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 207 7 reciprocal reciprocal NN work_27j75zbdvbduhd2fxzmr2pewhy 207 8 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 207 9 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 207 10 mean mean JJ work_27j75zbdvbduhd2fxzmr2pewhy 207 11 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 207 12 squared squared JJ work_27j75zbdvbduhd2fxzmr2pewhy 207 13 error error NN work_27j75zbdvbduhd2fxzmr2pewhy 207 14 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 207 15 MSE MSE NNP work_27j75zbdvbduhd2fxzmr2pewhy 207 16 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 207 17 between between IN work_27j75zbdvbduhd2fxzmr2pewhy 207 18 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 207 19 firm firm NN work_27j75zbdvbduhd2fxzmr2pewhy 207 20 ’s ’s POS work_27j75zbdvbduhd2fxzmr2pewhy 207 21 fundamental fundamental JJ work_27j75zbdvbduhd2fxzmr2pewhy 207 22 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 207 23 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 207 24 its -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 207 25 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 207 26 prices price NNS work_27j75zbdvbduhd2fxzmr2pewhy 207 27 , , , work_27j75zbdvbduhd2fxzmr2pewhy 207 28 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 207 29 traditional traditional JJ work_27j75zbdvbduhd2fxzmr2pewhy 207 30 measure measure NN work_27j75zbdvbduhd2fxzmr2pewhy 207 31 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 207 32 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 207 33 extent extent NN work_27j75zbdvbduhd2fxzmr2pewhy 207 34 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 207 35 which which WDT work_27j75zbdvbduhd2fxzmr2pewhy 207 36 markets market VBZ work_27j75zbdvbduhd2fxzmr2pewhy 207 37 10Hirshleifer 10hirshleifer CD work_27j75zbdvbduhd2fxzmr2pewhy 207 38 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 207 39 1971 1971 CD work_27j75zbdvbduhd2fxzmr2pewhy 207 40 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 207 41 provides provide VBZ work_27j75zbdvbduhd2fxzmr2pewhy 207 42 an an DT work_27j75zbdvbduhd2fxzmr2pewhy 207 43 example example NN work_27j75zbdvbduhd2fxzmr2pewhy 207 44 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 207 45 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 207 46 possible possible JJ work_27j75zbdvbduhd2fxzmr2pewhy 207 47 divergence divergence NN work_27j75zbdvbduhd2fxzmr2pewhy 207 48 . . . work_27j75zbdvbduhd2fxzmr2pewhy 208 1 17 17 CD work_27j75zbdvbduhd2fxzmr2pewhy 208 2 fulfill fulfill NN work_27j75zbdvbduhd2fxzmr2pewhy 208 3 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 208 4 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 208 5 discovery discovery NN work_27j75zbdvbduhd2fxzmr2pewhy 208 6 function function NN work_27j75zbdvbduhd2fxzmr2pewhy 208 7 . . . work_27j75zbdvbduhd2fxzmr2pewhy 209 1 In in IN work_27j75zbdvbduhd2fxzmr2pewhy 209 2 statistical statistical JJ work_27j75zbdvbduhd2fxzmr2pewhy 209 3 terms term NNS work_27j75zbdvbduhd2fxzmr2pewhy 209 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 209 5 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 209 6 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 209 7 emphasizes emphasize VBZ work_27j75zbdvbduhd2fxzmr2pewhy 209 8 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 209 9 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 209 10 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 209 11 property property NN work_27j75zbdvbduhd2fxzmr2pewhy 209 12 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 209 13 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 209 14 prices price NNS work_27j75zbdvbduhd2fxzmr2pewhy 209 15 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 209 16 an an DT work_27j75zbdvbduhd2fxzmr2pewhy 209 17 estimator estimator NN work_27j75zbdvbduhd2fxzmr2pewhy 209 18 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 209 19 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 209 20 fundamental fundamental JJ work_27j75zbdvbduhd2fxzmr2pewhy 209 21 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 209 22 . . . work_27j75zbdvbduhd2fxzmr2pewhy 210 1 Lower low JJR work_27j75zbdvbduhd2fxzmr2pewhy 210 2 MSE MSE NNP work_27j75zbdvbduhd2fxzmr2pewhy 210 3 implies imply VBZ work_27j75zbdvbduhd2fxzmr2pewhy 210 4 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 210 5 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 210 6 prices price NNS work_27j75zbdvbduhd2fxzmr2pewhy 210 7 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 210 8 much much RB work_27j75zbdvbduhd2fxzmr2pewhy 210 9 closer close JJR work_27j75zbdvbduhd2fxzmr2pewhy 210 10 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 210 11 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 210 12 fundamental fundamental JJ work_27j75zbdvbduhd2fxzmr2pewhy 210 13 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 210 14 , , , work_27j75zbdvbduhd2fxzmr2pewhy 210 15 resulting result VBG work_27j75zbdvbduhd2fxzmr2pewhy 210 16 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 210 17 higher high JJR work_27j75zbdvbduhd2fxzmr2pewhy 210 18 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 210 19 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 210 20 . . . work_27j75zbdvbduhd2fxzmr2pewhy 211 1 P p NN work_27j75zbdvbduhd2fxzmr2pewhy 211 2 E e NN work_27j75zbdvbduhd2fxzmr2pewhy 211 3 = = NN work_27j75zbdvbduhd2fxzmr2pewhy 211 4 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 211 5 Es Es NNP work_27j75zbdvbduhd2fxzmr2pewhy 211 6 , , , work_27j75zbdvbduhd2fxzmr2pewhy 211 7 z[p z[p NNP work_27j75zbdvbduhd2fxzmr2pewhy 211 8 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 211 9 θ]2 θ]2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 211 10 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 211 11 7 7 LS work_27j75zbdvbduhd2fxzmr2pewhy 211 12 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 211 13 PE PE NNP work_27j75zbdvbduhd2fxzmr2pewhy 211 14 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 211 15 an an DT work_27j75zbdvbduhd2fxzmr2pewhy 211 16 ex ex AFX work_27j75zbdvbduhd2fxzmr2pewhy 211 17 ante ante NN work_27j75zbdvbduhd2fxzmr2pewhy 211 18 measure measure NN work_27j75zbdvbduhd2fxzmr2pewhy 211 19 . . . work_27j75zbdvbduhd2fxzmr2pewhy 212 1 Es es NN work_27j75zbdvbduhd2fxzmr2pewhy 212 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 212 3 z z XX work_27j75zbdvbduhd2fxzmr2pewhy 212 4 [ [ -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 212 5 · · NFP work_27j75zbdvbduhd2fxzmr2pewhy 212 6 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 212 7 means mean VBZ work_27j75zbdvbduhd2fxzmr2pewhy 212 8 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 212 9 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 212 10 expectation expectation NN work_27j75zbdvbduhd2fxzmr2pewhy 212 11 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 212 12 taken take VBN work_27j75zbdvbduhd2fxzmr2pewhy 212 13 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 212 14 respect respect NN work_27j75zbdvbduhd2fxzmr2pewhy 212 15 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 212 16 both both DT work_27j75zbdvbduhd2fxzmr2pewhy 212 17 supply supply NN work_27j75zbdvbduhd2fxzmr2pewhy 212 18 noise noise NN work_27j75zbdvbduhd2fxzmr2pewhy 212 19 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 212 20 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 212 21 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 212 22 . . . work_27j75zbdvbduhd2fxzmr2pewhy 213 1 Given give VBN work_27j75zbdvbduhd2fxzmr2pewhy 213 2 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 213 3 presence presence NN work_27j75zbdvbduhd2fxzmr2pewhy 213 4 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 213 5 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 213 6 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 213 7 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 213 8 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 213 9 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 213 10 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 213 11 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 213 12 , , , work_27j75zbdvbduhd2fxzmr2pewhy 213 13 how how WRB work_27j75zbdvbduhd2fxzmr2pewhy 213 14 could could MD work_27j75zbdvbduhd2fxzmr2pewhy 213 15 we -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 213 16 improve improve VB work_27j75zbdvbduhd2fxzmr2pewhy 213 17 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 213 18 effi- effi- NN work_27j75zbdvbduhd2fxzmr2pewhy 213 19 ciency ciency NN work_27j75zbdvbduhd2fxzmr2pewhy 213 20 through through IN work_27j75zbdvbduhd2fxzmr2pewhy 213 21 accounting accounting NN work_27j75zbdvbduhd2fxzmr2pewhy 213 22 disclosure disclosure NN work_27j75zbdvbduhd2fxzmr2pewhy 213 23 ? ? . work_27j75zbdvbduhd2fxzmr2pewhy 214 1 Proposition proposition NN work_27j75zbdvbduhd2fxzmr2pewhy 214 2 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 214 3 answers answer NNS work_27j75zbdvbduhd2fxzmr2pewhy 214 4 this this DT work_27j75zbdvbduhd2fxzmr2pewhy 214 5 question question NN work_27j75zbdvbduhd2fxzmr2pewhy 214 6 . . . work_27j75zbdvbduhd2fxzmr2pewhy 215 1 Proposition proposition NN work_27j75zbdvbduhd2fxzmr2pewhy 215 2 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 215 3 . . . work_27j75zbdvbduhd2fxzmr2pewhy 216 1 More more RBR work_27j75zbdvbduhd2fxzmr2pewhy 216 2 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 216 3 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 216 4 uniformly uniformly RB work_27j75zbdvbduhd2fxzmr2pewhy 216 5 improves improve VBZ work_27j75zbdvbduhd2fxzmr2pewhy 216 6 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 216 7 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 216 8 , , , work_27j75zbdvbduhd2fxzmr2pewhy 216 9 even even RB work_27j75zbdvbduhd2fxzmr2pewhy 216 10 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 216 11 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 216 12 pres- pres- NN work_27j75zbdvbduhd2fxzmr2pewhy 216 13 ence ence NN work_27j75zbdvbduhd2fxzmr2pewhy 216 14 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 216 15 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 216 16 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 216 17 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 216 18 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 216 19 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 216 20 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 216 21 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 216 22 . . . work_27j75zbdvbduhd2fxzmr2pewhy 217 1 In in IN work_27j75zbdvbduhd2fxzmr2pewhy 217 2 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 217 3 context context NN work_27j75zbdvbduhd2fxzmr2pewhy 217 4 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 217 5 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 217 6 markets market NNS work_27j75zbdvbduhd2fxzmr2pewhy 217 7 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 217 8 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 217 9 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 217 10 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 217 11 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 217 12 , , , work_27j75zbdvbduhd2fxzmr2pewhy 217 13 transparency transparency NN work_27j75zbdvbduhd2fxzmr2pewhy 217 14 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 217 15 still still RB work_27j75zbdvbduhd2fxzmr2pewhy 217 16 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 217 17 worthwhile worthwhile JJ work_27j75zbdvbduhd2fxzmr2pewhy 217 18 cause cause NN work_27j75zbdvbduhd2fxzmr2pewhy 217 19 . . . work_27j75zbdvbduhd2fxzmr2pewhy 218 1 Accounting accounting NN work_27j75zbdvbduhd2fxzmr2pewhy 218 2 disclosure disclosure NN work_27j75zbdvbduhd2fxzmr2pewhy 218 3 provides provide VBZ work_27j75zbdvbduhd2fxzmr2pewhy 218 4 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 218 5 about about IN work_27j75zbdvbduhd2fxzmr2pewhy 218 6 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 218 7 future future JJ work_27j75zbdvbduhd2fxzmr2pewhy 218 8 cash cash NN work_27j75zbdvbduhd2fxzmr2pewhy 218 9 flow flow NN work_27j75zbdvbduhd2fxzmr2pewhy 218 10 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 218 11 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 218 12 firm firm NN work_27j75zbdvbduhd2fxzmr2pewhy 218 13 . . . work_27j75zbdvbduhd2fxzmr2pewhy 219 1 Although although IN work_27j75zbdvbduhd2fxzmr2pewhy 219 2 short short JJ work_27j75zbdvbduhd2fxzmr2pewhy 219 3 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 219 4 horizon horizon NN work_27j75zbdvbduhd2fxzmr2pewhy 219 5 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 219 6 overuse overuse VBP work_27j75zbdvbduhd2fxzmr2pewhy 219 7 it -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 219 8 , , , work_27j75zbdvbduhd2fxzmr2pewhy 219 9 provisions provision NNS work_27j75zbdvbduhd2fxzmr2pewhy 219 10 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 219 11 more more JJR work_27j75zbdvbduhd2fxzmr2pewhy 219 12 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 219 13 better well RBR work_27j75zbdvbduhd2fxzmr2pewhy 219 14 financial financial JJ work_27j75zbdvbduhd2fxzmr2pewhy 219 15 reporting reporting NN work_27j75zbdvbduhd2fxzmr2pewhy 219 16 still still RB work_27j75zbdvbduhd2fxzmr2pewhy 219 17 boost boost VBP work_27j75zbdvbduhd2fxzmr2pewhy 219 18 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 219 19 overall overall JJ work_27j75zbdvbduhd2fxzmr2pewhy 219 20 informativeness informativeness NN work_27j75zbdvbduhd2fxzmr2pewhy 219 21 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 219 22 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 219 23 prices price NNS work_27j75zbdvbduhd2fxzmr2pewhy 219 24 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 219 25 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 219 26 participants participant NNS work_27j75zbdvbduhd2fxzmr2pewhy 219 27 . . . work_27j75zbdvbduhd2fxzmr2pewhy 220 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 220 2 fact fact NN work_27j75zbdvbduhd2fxzmr2pewhy 220 3 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 220 4 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 220 5 markets market NNS work_27j75zbdvbduhd2fxzmr2pewhy 220 6 behave behave VBP work_27j75zbdvbduhd2fxzmr2pewhy 220 7 like like IN work_27j75zbdvbduhd2fxzmr2pewhy 220 8 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 220 9 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 220 10 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 220 11 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 220 12 does do VBZ work_27j75zbdvbduhd2fxzmr2pewhy 220 13 not not RB work_27j75zbdvbduhd2fxzmr2pewhy 220 14 justify justify VB work_27j75zbdvbduhd2fxzmr2pewhy 220 15 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 220 16 withdrawal withdrawal NN work_27j75zbdvbduhd2fxzmr2pewhy 220 17 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 220 18 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 220 19 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 220 20 . . . work_27j75zbdvbduhd2fxzmr2pewhy 221 1 Public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 221 2 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 221 3 affects affect VBZ work_27j75zbdvbduhd2fxzmr2pewhy 221 4 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 221 5 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 221 6 through through IN work_27j75zbdvbduhd2fxzmr2pewhy 221 7 its -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 221 8 dual dual JJ work_27j75zbdvbduhd2fxzmr2pewhy 221 9 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 221 10 : : : work_27j75zbdvbduhd2fxzmr2pewhy 221 11 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 221 12 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 221 13 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 221 14 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 221 15 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 221 16 commonality commonality NN work_27j75zbdvbduhd2fxzmr2pewhy 221 17 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 221 18 . . . work_27j75zbdvbduhd2fxzmr2pewhy 222 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 222 2 former former JJ work_27j75zbdvbduhd2fxzmr2pewhy 222 3 improves improve VBZ work_27j75zbdvbduhd2fxzmr2pewhy 222 4 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 222 5 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 222 6 while while IN work_27j75zbdvbduhd2fxzmr2pewhy 222 7 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 222 8 later later JJ work_27j75zbdvbduhd2fxzmr2pewhy 222 9 potentially potentially RB work_27j75zbdvbduhd2fxzmr2pewhy 222 10 reduces reduce VBZ work_27j75zbdvbduhd2fxzmr2pewhy 222 11 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 222 12 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 222 13 . . . work_27j75zbdvbduhd2fxzmr2pewhy 223 1 In in IN work_27j75zbdvbduhd2fxzmr2pewhy 223 2 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 223 3 absence absence NN work_27j75zbdvbduhd2fxzmr2pewhy 223 4 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 223 5 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 223 6 formal formal JJ work_27j75zbdvbduhd2fxzmr2pewhy 223 7 examination examination NN work_27j75zbdvbduhd2fxzmr2pewhy 223 8 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 223 9 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 223 10 relation relation NN work_27j75zbdvbduhd2fxzmr2pewhy 223 11 between between IN work_27j75zbdvbduhd2fxzmr2pewhy 223 12 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 223 13 two two CD work_27j75zbdvbduhd2fxzmr2pewhy 223 14 roles role NNS work_27j75zbdvbduhd2fxzmr2pewhy 223 15 , , , work_27j75zbdvbduhd2fxzmr2pewhy 223 16 we -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 223 17 may may MD work_27j75zbdvbduhd2fxzmr2pewhy 223 18 conjecture conjecture VB work_27j75zbdvbduhd2fxzmr2pewhy 223 19 that that DT work_27j75zbdvbduhd2fxzmr2pewhy 223 20 prohibition prohibition NN work_27j75zbdvbduhd2fxzmr2pewhy 223 21 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 223 22 some some DT work_27j75zbdvbduhd2fxzmr2pewhy 223 23 noisy noisy JJ work_27j75zbdvbduhd2fxzmr2pewhy 223 24 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 223 25 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 223 26 may may MD work_27j75zbdvbduhd2fxzmr2pewhy 223 27 be be VB work_27j75zbdvbduhd2fxzmr2pewhy 223 28 necessary necessary JJ work_27j75zbdvbduhd2fxzmr2pewhy 223 29 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 223 30 enhance enhance VB work_27j75zbdvbduhd2fxzmr2pewhy 223 31 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 223 32 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 223 33 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 223 34 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 223 35 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 223 36 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 223 37 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 223 38 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 223 39 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 223 40 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 223 41 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 223 42 . . . work_27j75zbdvbduhd2fxzmr2pewhy 224 1 As as IN work_27j75zbdvbduhd2fxzmr2pewhy 224 2 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 224 3 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 224 4 becomes become VBZ work_27j75zbdvbduhd2fxzmr2pewhy 224 5 less less RBR work_27j75zbdvbduhd2fxzmr2pewhy 224 6 precise precise JJ work_27j75zbdvbduhd2fxzmr2pewhy 224 7 , , , work_27j75zbdvbduhd2fxzmr2pewhy 224 8 its -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 224 9 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 224 10 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 224 11 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 224 12 attenuated attenuate VBN work_27j75zbdvbduhd2fxzmr2pewhy 224 13 . . . work_27j75zbdvbduhd2fxzmr2pewhy 225 1 If if IN work_27j75zbdvbduhd2fxzmr2pewhy 225 2 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 225 3 commonality commonality NN work_27j75zbdvbduhd2fxzmr2pewhy 225 4 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 225 5 increases increase NNS work_27j75zbdvbduhd2fxzmr2pewhy 225 6 or or CC work_27j75zbdvbduhd2fxzmr2pewhy 225 7 at at IN work_27j75zbdvbduhd2fxzmr2pewhy 225 8 least least JJS work_27j75zbdvbduhd2fxzmr2pewhy 225 9 does do VBZ work_27j75zbdvbduhd2fxzmr2pewhy 225 10 18 18 CD work_27j75zbdvbduhd2fxzmr2pewhy 225 11 not not RB work_27j75zbdvbduhd2fxzmr2pewhy 225 12 decrease decrease VB work_27j75zbdvbduhd2fxzmr2pewhy 225 13 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 225 14 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 225 15 variance variance NN work_27j75zbdvbduhd2fxzmr2pewhy 225 16 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 225 17 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 225 18 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 225 19 , , , work_27j75zbdvbduhd2fxzmr2pewhy 225 20 there there EX work_27j75zbdvbduhd2fxzmr2pewhy 225 21 could could MD work_27j75zbdvbduhd2fxzmr2pewhy 225 22 exist exist VB work_27j75zbdvbduhd2fxzmr2pewhy 225 23 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 225 24 threshold threshold NN work_27j75zbdvbduhd2fxzmr2pewhy 225 25 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 225 26 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 225 27 precision precision NN work_27j75zbdvbduhd2fxzmr2pewhy 225 28 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 225 29 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 225 30 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 225 31 under under IN work_27j75zbdvbduhd2fxzmr2pewhy 225 32 which which WDT work_27j75zbdvbduhd2fxzmr2pewhy 225 33 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 225 34 diminishing diminish VBG work_27j75zbdvbduhd2fxzmr2pewhy 225 35 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 225 36 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 225 37 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 225 38 dominated dominate VBN work_27j75zbdvbduhd2fxzmr2pewhy 225 39 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 225 40 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 225 41 non non JJ work_27j75zbdvbduhd2fxzmr2pewhy 225 42 - - JJ work_27j75zbdvbduhd2fxzmr2pewhy 225 43 decreasing decreasing JJ work_27j75zbdvbduhd2fxzmr2pewhy 225 44 commonality commonality NN work_27j75zbdvbduhd2fxzmr2pewhy 225 45 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 225 46 . . . work_27j75zbdvbduhd2fxzmr2pewhy 226 1 Proposition proposition NN work_27j75zbdvbduhd2fxzmr2pewhy 226 2 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 226 3 contradicts contradict VBZ work_27j75zbdvbduhd2fxzmr2pewhy 226 4 such such PDT work_27j75zbdvbduhd2fxzmr2pewhy 226 5 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 226 6 conjecture conjecture NN work_27j75zbdvbduhd2fxzmr2pewhy 226 7 . . . work_27j75zbdvbduhd2fxzmr2pewhy 227 1 It -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 227 2 implies imply VBZ work_27j75zbdvbduhd2fxzmr2pewhy 227 3 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 227 4 while while IN work_27j75zbdvbduhd2fxzmr2pewhy 227 5 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 227 6 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 227 7 plays play VBZ work_27j75zbdvbduhd2fxzmr2pewhy 227 8 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 227 9 dual dual JJ work_27j75zbdvbduhd2fxzmr2pewhy 227 10 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 227 11 , , , work_27j75zbdvbduhd2fxzmr2pewhy 227 12 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 227 13 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 227 14 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 227 15 always always RB work_27j75zbdvbduhd2fxzmr2pewhy 227 16 dominates dominate VBZ work_27j75zbdvbduhd2fxzmr2pewhy 227 17 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 227 18 commonality commonality NN work_27j75zbdvbduhd2fxzmr2pewhy 227 19 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 227 20 . . . work_27j75zbdvbduhd2fxzmr2pewhy 228 1 Since since IN work_27j75zbdvbduhd2fxzmr2pewhy 228 2 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 228 3 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 228 4 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 228 5 dissipates dissipate VBZ work_27j75zbdvbduhd2fxzmr2pewhy 228 6 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 228 7 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 228 8 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 228 9 becomes become VBZ work_27j75zbdvbduhd2fxzmr2pewhy 228 10 less less RBR work_27j75zbdvbduhd2fxzmr2pewhy 228 11 precise precise JJ work_27j75zbdvbduhd2fxzmr2pewhy 228 12 , , , work_27j75zbdvbduhd2fxzmr2pewhy 228 13 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 228 14 necessary necessary JJ work_27j75zbdvbduhd2fxzmr2pewhy 228 15 condition condition NN work_27j75zbdvbduhd2fxzmr2pewhy 228 16 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 228 17 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 228 18 dominance dominance NN work_27j75zbdvbduhd2fxzmr2pewhy 228 19 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 228 20 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 228 21 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 228 22 commonality commonality NN work_27j75zbdvbduhd2fxzmr2pewhy 228 23 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 228 24 decreases decrease VBZ work_27j75zbdvbduhd2fxzmr2pewhy 228 25 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 228 26 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 228 27 variance variance NN work_27j75zbdvbduhd2fxzmr2pewhy 228 28 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 228 29 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 228 30 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 228 31 . . . work_27j75zbdvbduhd2fxzmr2pewhy 229 1 That that RB work_27j75zbdvbduhd2fxzmr2pewhy 229 2 is is RB work_27j75zbdvbduhd2fxzmr2pewhy 229 3 , , , work_27j75zbdvbduhd2fxzmr2pewhy 229 4 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 229 5 dual dual JJ work_27j75zbdvbduhd2fxzmr2pewhy 229 6 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 229 7 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 229 8 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 229 9 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 229 10 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 229 11 endogenously endogenously RB work_27j75zbdvbduhd2fxzmr2pewhy 229 12 linked link VBN work_27j75zbdvbduhd2fxzmr2pewhy 229 13 through through IN work_27j75zbdvbduhd2fxzmr2pewhy 229 14 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 229 15 quality quality NN work_27j75zbdvbduhd2fxzmr2pewhy 229 16 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 229 17 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 229 18 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 229 19 . . . work_27j75zbdvbduhd2fxzmr2pewhy 230 1 I -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 230 2 verify verify VBP work_27j75zbdvbduhd2fxzmr2pewhy 230 3 this this DT work_27j75zbdvbduhd2fxzmr2pewhy 230 4 intuition intuition NN work_27j75zbdvbduhd2fxzmr2pewhy 230 5 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 230 6 showing show VBG work_27j75zbdvbduhd2fxzmr2pewhy 230 7 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 230 8 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 230 9 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 230 10 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 230 11 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 230 12 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 230 13 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 230 14 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 230 15 intensifies intensifie NNS work_27j75zbdvbduhd2fxzmr2pewhy 230 16 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 230 17 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 230 18 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 230 19 becomes become VBZ work_27j75zbdvbduhd2fxzmr2pewhy 230 20 more more RBR work_27j75zbdvbduhd2fxzmr2pewhy 230 21 accurate accurate JJ work_27j75zbdvbduhd2fxzmr2pewhy 230 22 . . . work_27j75zbdvbduhd2fxzmr2pewhy 231 1 Before before IN work_27j75zbdvbduhd2fxzmr2pewhy 231 2 proceeding proceed VBG work_27j75zbdvbduhd2fxzmr2pewhy 231 3 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 231 4 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 231 5 endogenous endogenous JJ work_27j75zbdvbduhd2fxzmr2pewhy 231 6 link link NN work_27j75zbdvbduhd2fxzmr2pewhy 231 7 between between IN work_27j75zbdvbduhd2fxzmr2pewhy 231 8 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 231 9 dual dual JJ work_27j75zbdvbduhd2fxzmr2pewhy 231 10 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 231 11 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 231 12 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 231 13 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 231 14 , , , work_27j75zbdvbduhd2fxzmr2pewhy 231 15 there there EX work_27j75zbdvbduhd2fxzmr2pewhy 231 16 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 231 17 one one CD work_27j75zbdvbduhd2fxzmr2pewhy 231 18 caveat caveat NN work_27j75zbdvbduhd2fxzmr2pewhy 231 19 about about IN work_27j75zbdvbduhd2fxzmr2pewhy 231 20 Proposition Proposition NNP work_27j75zbdvbduhd2fxzmr2pewhy 231 21 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 231 22 . . . work_27j75zbdvbduhd2fxzmr2pewhy 232 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 232 2 conclusion conclusion NN work_27j75zbdvbduhd2fxzmr2pewhy 232 3 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 232 4 obtained obtain VBN work_27j75zbdvbduhd2fxzmr2pewhy 232 5 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 232 6 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 232 7 competitive competitive JJ work_27j75zbdvbduhd2fxzmr2pewhy 232 8 equilibrium equilibrium NN work_27j75zbdvbduhd2fxzmr2pewhy 232 9 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 232 10 which which WDT work_27j75zbdvbduhd2fxzmr2pewhy 232 11 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 232 12 action action NN work_27j75zbdvbduhd2fxzmr2pewhy 232 13 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 232 14 demand demand NN work_27j75zbdvbduhd2fxzmr2pewhy 232 15 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 232 16 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 232 17 any any DT work_27j75zbdvbduhd2fxzmr2pewhy 232 18 atomistic atomistic JJ work_27j75zbdvbduhd2fxzmr2pewhy 232 19 investor investor NN work_27j75zbdvbduhd2fxzmr2pewhy 232 20 does do VBZ work_27j75zbdvbduhd2fxzmr2pewhy 232 21 not not RB work_27j75zbdvbduhd2fxzmr2pewhy 232 22 affect affect VB work_27j75zbdvbduhd2fxzmr2pewhy 232 23 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 232 24 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 232 25 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 232 26 thus thus RB work_27j75zbdvbduhd2fxzmr2pewhy 232 27 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 232 28 ac- ac- XX work_27j75zbdvbduhd2fxzmr2pewhy 232 29 tions tion NNS work_27j75zbdvbduhd2fxzmr2pewhy 232 30 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 232 31 demands demand NNS work_27j75zbdvbduhd2fxzmr2pewhy 232 32 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 232 33 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 232 34 other other JJ work_27j75zbdvbduhd2fxzmr2pewhy 232 35 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 232 36 . . . work_27j75zbdvbduhd2fxzmr2pewhy 233 1 While while IN work_27j75zbdvbduhd2fxzmr2pewhy 233 2 this this DT work_27j75zbdvbduhd2fxzmr2pewhy 233 3 result result NN work_27j75zbdvbduhd2fxzmr2pewhy 233 4 establishes establish VBZ work_27j75zbdvbduhd2fxzmr2pewhy 233 5 an an DT work_27j75zbdvbduhd2fxzmr2pewhy 233 6 important important JJ work_27j75zbdvbduhd2fxzmr2pewhy 233 7 benchmark benchmark NN work_27j75zbdvbduhd2fxzmr2pewhy 233 8 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 233 9 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 233 10 desirability desirability NN work_27j75zbdvbduhd2fxzmr2pewhy 233 11 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 233 12 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 233 13 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 233 14 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 233 15 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 233 16 competitive competitive JJ work_27j75zbdvbduhd2fxzmr2pewhy 233 17 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 233 18 , , , work_27j75zbdvbduhd2fxzmr2pewhy 233 19 there there EX work_27j75zbdvbduhd2fxzmr2pewhy 233 20 could could MD work_27j75zbdvbduhd2fxzmr2pewhy 233 21 be be VB work_27j75zbdvbduhd2fxzmr2pewhy 233 22 other other JJ work_27j75zbdvbduhd2fxzmr2pewhy 233 23 channels channel NNS work_27j75zbdvbduhd2fxzmr2pewhy 233 24 through through IN work_27j75zbdvbduhd2fxzmr2pewhy 233 25 which which WDT work_27j75zbdvbduhd2fxzmr2pewhy 233 26 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 233 27 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 233 28 reduces reduce VBZ work_27j75zbdvbduhd2fxzmr2pewhy 233 29 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 233 30 overall overall JJ work_27j75zbdvbduhd2fxzmr2pewhy 233 31 informativeness informativeness NN work_27j75zbdvbduhd2fxzmr2pewhy 233 32 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 233 33 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 233 34 prices price NNS work_27j75zbdvbduhd2fxzmr2pewhy 233 35 . . . work_27j75zbdvbduhd2fxzmr2pewhy 234 1 In in IN work_27j75zbdvbduhd2fxzmr2pewhy 234 2 this this DT work_27j75zbdvbduhd2fxzmr2pewhy 234 3 broad broad JJ work_27j75zbdvbduhd2fxzmr2pewhy 234 4 sense sense NN work_27j75zbdvbduhd2fxzmr2pewhy 234 5 , , , work_27j75zbdvbduhd2fxzmr2pewhy 234 6 Shiller Shiller NNP work_27j75zbdvbduhd2fxzmr2pewhy 234 7 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 234 8 2000 2000 CD work_27j75zbdvbduhd2fxzmr2pewhy 234 9 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 234 10 suggests suggest VBZ work_27j75zbdvbduhd2fxzmr2pewhy 234 11 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 234 12 news news NN work_27j75zbdvbduhd2fxzmr2pewhy 234 13 media medium NNS work_27j75zbdvbduhd2fxzmr2pewhy 234 14 exert exert NN work_27j75zbdvbduhd2fxzmr2pewhy 234 15 undue undue JJ work_27j75zbdvbduhd2fxzmr2pewhy 234 16 influence influence NN work_27j75zbdvbduhd2fxzmr2pewhy 234 17 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 234 18 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 234 19 events event NNS work_27j75zbdvbduhd2fxzmr2pewhy 234 20 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 234 21 promulgating promulgate VBG work_27j75zbdvbduhd2fxzmr2pewhy 234 22 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 234 23 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 234 24 thus thus RB work_27j75zbdvbduhd2fxzmr2pewhy 234 25 creating create VBG work_27j75zbdvbduhd2fxzmr2pewhy 234 26 “ " `` work_27j75zbdvbduhd2fxzmr2pewhy 234 27 similar similar JJ work_27j75zbdvbduhd2fxzmr2pewhy 234 28 thinking thinking NN work_27j75zbdvbduhd2fxzmr2pewhy 234 29 among among IN work_27j75zbdvbduhd2fxzmr2pewhy 234 30 large large JJ work_27j75zbdvbduhd2fxzmr2pewhy 234 31 groups group NNS work_27j75zbdvbduhd2fxzmr2pewhy 234 32 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 234 33 people people NNS work_27j75zbdvbduhd2fxzmr2pewhy 234 34 . . . work_27j75zbdvbduhd2fxzmr2pewhy 234 35 ” " '' work_27j75zbdvbduhd2fxzmr2pewhy 234 36 One one CD work_27j75zbdvbduhd2fxzmr2pewhy 234 37 prominent prominent JJ work_27j75zbdvbduhd2fxzmr2pewhy 234 38 approach approach NN work_27j75zbdvbduhd2fxzmr2pewhy 234 39 , , , work_27j75zbdvbduhd2fxzmr2pewhy 234 40 which which WDT work_27j75zbdvbduhd2fxzmr2pewhy 234 41 has have VBZ work_27j75zbdvbduhd2fxzmr2pewhy 234 42 been be VBN work_27j75zbdvbduhd2fxzmr2pewhy 234 43 advanced advance VBN work_27j75zbdvbduhd2fxzmr2pewhy 234 44 lately lately RB work_27j75zbdvbduhd2fxzmr2pewhy 234 45 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 234 46 may may MD work_27j75zbdvbduhd2fxzmr2pewhy 234 47 substantiate substantiate VB work_27j75zbdvbduhd2fxzmr2pewhy 234 48 Shiller Shiller NNP work_27j75zbdvbduhd2fxzmr2pewhy 234 49 ’s ’s POS work_27j75zbdvbduhd2fxzmr2pewhy 234 50 arguments argument NNS work_27j75zbdvbduhd2fxzmr2pewhy 234 51 , , , work_27j75zbdvbduhd2fxzmr2pewhy 234 52 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 234 53 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 234 54 model model VB work_27j75zbdvbduhd2fxzmr2pewhy 234 55 explicit explicit JJ work_27j75zbdvbduhd2fxzmr2pewhy 234 56 coordination coordination NN work_27j75zbdvbduhd2fxzmr2pewhy 234 57 motivations motivation NNS work_27j75zbdvbduhd2fxzmr2pewhy 234 58 among among IN work_27j75zbdvbduhd2fxzmr2pewhy 234 59 agents agent NNS work_27j75zbdvbduhd2fxzmr2pewhy 234 60 . . . work_27j75zbdvbduhd2fxzmr2pewhy 235 1 For for IN work_27j75zbdvbduhd2fxzmr2pewhy 235 2 example example NN work_27j75zbdvbduhd2fxzmr2pewhy 235 3 , , , work_27j75zbdvbduhd2fxzmr2pewhy 235 4 Plantin Plantin NNP work_27j75zbdvbduhd2fxzmr2pewhy 235 5 , , , work_27j75zbdvbduhd2fxzmr2pewhy 235 6 Sapra Sapra NNP work_27j75zbdvbduhd2fxzmr2pewhy 235 7 , , , work_27j75zbdvbduhd2fxzmr2pewhy 235 8 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 235 9 Shin Shin NNP work_27j75zbdvbduhd2fxzmr2pewhy 235 10 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 235 11 2007 2007 CD work_27j75zbdvbduhd2fxzmr2pewhy 235 12 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 235 13 cre- cre- NN work_27j75zbdvbduhd2fxzmr2pewhy 235 14 ate eat VBD work_27j75zbdvbduhd2fxzmr2pewhy 235 15 explicit explicit JJ work_27j75zbdvbduhd2fxzmr2pewhy 235 16 coordination coordination NN work_27j75zbdvbduhd2fxzmr2pewhy 235 17 issues issue NNS work_27j75zbdvbduhd2fxzmr2pewhy 235 18 among among IN work_27j75zbdvbduhd2fxzmr2pewhy 235 19 financial financial JJ work_27j75zbdvbduhd2fxzmr2pewhy 235 20 institutions institution NNS work_27j75zbdvbduhd2fxzmr2pewhy 235 21 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 235 22 introducing introduce VBG work_27j75zbdvbduhd2fxzmr2pewhy 235 23 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 235 24 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 235 25 il)liquidity il)liquidity NN work_27j75zbdvbduhd2fxzmr2pewhy 235 26 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 235 27 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 235 28 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 235 29 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 235 30 selling sell VBG work_27j75zbdvbduhd2fxzmr2pewhy 235 31 financial financial JJ work_27j75zbdvbduhd2fxzmr2pewhy 235 32 assets.11 assets.11 NNP work_27j75zbdvbduhd2fxzmr2pewhy 235 33 Their -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 235 34 selling selling NN work_27j75zbdvbduhd2fxzmr2pewhy 235 35 decisions decision NNS work_27j75zbdvbduhd2fxzmr2pewhy 235 36 become become VBP work_27j75zbdvbduhd2fxzmr2pewhy 235 37 strategic strategic JJ work_27j75zbdvbduhd2fxzmr2pewhy 235 38 substitutes substitute NNS work_27j75zbdvbduhd2fxzmr2pewhy 235 39 under under IN work_27j75zbdvbduhd2fxzmr2pewhy 235 40 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 235 41 11The 11the CD work_27j75zbdvbduhd2fxzmr2pewhy 235 42 August August NNP work_27j75zbdvbduhd2fxzmr2pewhy 235 43 2007 2007 CD work_27j75zbdvbduhd2fxzmr2pewhy 235 44 issue issue NN work_27j75zbdvbduhd2fxzmr2pewhy 235 45 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 235 46 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 235 47 Economist Economist NNP work_27j75zbdvbduhd2fxzmr2pewhy 235 48 has have VBZ work_27j75zbdvbduhd2fxzmr2pewhy 235 49 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 235 50 concise concise JJ work_27j75zbdvbduhd2fxzmr2pewhy 235 51 summary summary NN work_27j75zbdvbduhd2fxzmr2pewhy 235 52 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 235 53 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 235 54 main main JJ work_27j75zbdvbduhd2fxzmr2pewhy 235 55 effects effect NNS work_27j75zbdvbduhd2fxzmr2pewhy 235 56 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 235 57 Plantin Plantin NNP work_27j75zbdvbduhd2fxzmr2pewhy 235 58 , , , work_27j75zbdvbduhd2fxzmr2pewhy 235 59 Sapra Sapra NNP work_27j75zbdvbduhd2fxzmr2pewhy 235 60 , , , work_27j75zbdvbduhd2fxzmr2pewhy 235 61 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 235 62 Shin Shin NNP work_27j75zbdvbduhd2fxzmr2pewhy 235 63 19 19 CD work_27j75zbdvbduhd2fxzmr2pewhy 235 64 regime regime NN work_27j75zbdvbduhd2fxzmr2pewhy 235 65 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 235 66 historical historical JJ work_27j75zbdvbduhd2fxzmr2pewhy 235 67 cost cost NN work_27j75zbdvbduhd2fxzmr2pewhy 235 68 accounting accounting NN work_27j75zbdvbduhd2fxzmr2pewhy 235 69 , , , work_27j75zbdvbduhd2fxzmr2pewhy 235 70 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 235 71 strategic strategic JJ work_27j75zbdvbduhd2fxzmr2pewhy 235 72 complements complement NNS work_27j75zbdvbduhd2fxzmr2pewhy 235 73 under under IN work_27j75zbdvbduhd2fxzmr2pewhy 235 74 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 235 75 regime regime NN work_27j75zbdvbduhd2fxzmr2pewhy 235 76 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 235 77 mark mark NN work_27j75zbdvbduhd2fxzmr2pewhy 235 78 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 235 79 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 235 80 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 235 81 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 235 82 accounting accounting NN work_27j75zbdvbduhd2fxzmr2pewhy 235 83 . . . work_27j75zbdvbduhd2fxzmr2pewhy 236 1 By by IN work_27j75zbdvbduhd2fxzmr2pewhy 236 2 coordinating coordinate VBG work_27j75zbdvbduhd2fxzmr2pewhy 236 3 financial financial JJ work_27j75zbdvbduhd2fxzmr2pewhy 236 4 institutions institution NNS work_27j75zbdvbduhd2fxzmr2pewhy 236 5 ’ ’ POS work_27j75zbdvbduhd2fxzmr2pewhy 236 6 selling sell VBG work_27j75zbdvbduhd2fxzmr2pewhy 236 7 decisions decision NNS work_27j75zbdvbduhd2fxzmr2pewhy 236 8 , , , work_27j75zbdvbduhd2fxzmr2pewhy 236 9 mark mark NN work_27j75zbdvbduhd2fxzmr2pewhy 236 10 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 236 11 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 236 12 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 236 13 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 236 14 accounting accounting NN work_27j75zbdvbduhd2fxzmr2pewhy 236 15 in- in- JJ work_27j75zbdvbduhd2fxzmr2pewhy 236 16 jects ject VBZ work_27j75zbdvbduhd2fxzmr2pewhy 236 17 “ " `` work_27j75zbdvbduhd2fxzmr2pewhy 236 18 endogenous endogenous JJ work_27j75zbdvbduhd2fxzmr2pewhy 236 19 ” " '' work_27j75zbdvbduhd2fxzmr2pewhy 236 20 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 236 21 “ " `` work_27j75zbdvbduhd2fxzmr2pewhy 236 22 artificial artificial JJ work_27j75zbdvbduhd2fxzmr2pewhy 236 23 ” " '' work_27j75zbdvbduhd2fxzmr2pewhy 236 24 volatility volatility NN work_27j75zbdvbduhd2fxzmr2pewhy 236 25 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 236 26 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 236 27 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 236 28 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 236 29 , , , work_27j75zbdvbduhd2fxzmr2pewhy 236 30 degrading degrade VBG work_27j75zbdvbduhd2fxzmr2pewhy 236 31 its -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 236 32 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 236 33 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 236 34 . . . work_27j75zbdvbduhd2fxzmr2pewhy 237 1 Thus thus RB work_27j75zbdvbduhd2fxzmr2pewhy 237 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 237 3 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 237 4 attempt attempt NN work_27j75zbdvbduhd2fxzmr2pewhy 237 5 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 237 6 use use VB work_27j75zbdvbduhd2fxzmr2pewhy 237 7 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 237 8 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 237 9 contained contain VBN work_27j75zbdvbduhd2fxzmr2pewhy 237 10 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 237 11 prices price NNS work_27j75zbdvbduhd2fxzmr2pewhy 237 12 destroys destroy VBZ work_27j75zbdvbduhd2fxzmr2pewhy 237 13 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 237 14 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 237 15 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 237 16 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 237 17 prices price NNS work_27j75zbdvbduhd2fxzmr2pewhy 237 18 . . . work_27j75zbdvbduhd2fxzmr2pewhy 238 1 Although although IN work_27j75zbdvbduhd2fxzmr2pewhy 238 2 they -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 238 3 do do VBP work_27j75zbdvbduhd2fxzmr2pewhy 238 4 not not RB work_27j75zbdvbduhd2fxzmr2pewhy 238 5 model model VB work_27j75zbdvbduhd2fxzmr2pewhy 238 6 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 238 7 impact impact NN work_27j75zbdvbduhd2fxzmr2pewhy 238 8 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 238 9 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 238 10 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 238 11 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 238 12 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 238 13 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 238 14 , , , work_27j75zbdvbduhd2fxzmr2pewhy 238 15 their -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 238 16 approach approach NN work_27j75zbdvbduhd2fxzmr2pewhy 238 17 may may MD work_27j75zbdvbduhd2fxzmr2pewhy 238 18 be be VB work_27j75zbdvbduhd2fxzmr2pewhy 238 19 used use VBN work_27j75zbdvbduhd2fxzmr2pewhy 238 20 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 238 21 construct construct VB work_27j75zbdvbduhd2fxzmr2pewhy 238 22 examples example NNS work_27j75zbdvbduhd2fxzmr2pewhy 238 23 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 238 24 different different JJ work_27j75zbdvbduhd2fxzmr2pewhy 238 25 conclusions conclusion NNS work_27j75zbdvbduhd2fxzmr2pewhy 238 26 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 238 27 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 238 28 desirability desirability NN work_27j75zbdvbduhd2fxzmr2pewhy 238 29 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 238 30 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 238 31 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 238 32 . . . work_27j75zbdvbduhd2fxzmr2pewhy 239 1 In in IN work_27j75zbdvbduhd2fxzmr2pewhy 239 2 sum sum NN work_27j75zbdvbduhd2fxzmr2pewhy 239 3 , , , work_27j75zbdvbduhd2fxzmr2pewhy 239 4 Proposition proposition NN work_27j75zbdvbduhd2fxzmr2pewhy 239 5 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 239 6 sets set VBZ work_27j75zbdvbduhd2fxzmr2pewhy 239 7 an an DT work_27j75zbdvbduhd2fxzmr2pewhy 239 8 important important JJ work_27j75zbdvbduhd2fxzmr2pewhy 239 9 benchmark benchmark NN work_27j75zbdvbduhd2fxzmr2pewhy 239 10 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 239 11 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 239 12 welfare welfare NN work_27j75zbdvbduhd2fxzmr2pewhy 239 13 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 239 14 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 239 15 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 239 16 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 239 17 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 239 18 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 239 19 competitive competitive JJ work_27j75zbdvbduhd2fxzmr2pewhy 239 20 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 239 21 ; ; : work_27j75zbdvbduhd2fxzmr2pewhy 239 22 it -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 239 23 will will MD work_27j75zbdvbduhd2fxzmr2pewhy 239 24 be be VB work_27j75zbdvbduhd2fxzmr2pewhy 239 25 interesting interesting JJ work_27j75zbdvbduhd2fxzmr2pewhy 239 26 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 239 27 explore explore VB work_27j75zbdvbduhd2fxzmr2pewhy 239 28 what what WP work_27j75zbdvbduhd2fxzmr2pewhy 239 29 kind kind NN work_27j75zbdvbduhd2fxzmr2pewhy 239 30 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 239 31 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 239 32 frictions friction NNS work_27j75zbdvbduhd2fxzmr2pewhy 239 33 could could MD work_27j75zbdvbduhd2fxzmr2pewhy 239 34 change change VB work_27j75zbdvbduhd2fxzmr2pewhy 239 35 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 239 36 conclusions conclusion NNS work_27j75zbdvbduhd2fxzmr2pewhy 239 37 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 239 38 this this DT work_27j75zbdvbduhd2fxzmr2pewhy 239 39 benchmark benchmark JJ work_27j75zbdvbduhd2fxzmr2pewhy 239 40 case case NN work_27j75zbdvbduhd2fxzmr2pewhy 239 41 . . . work_27j75zbdvbduhd2fxzmr2pewhy 240 1 Bearing bear VBG work_27j75zbdvbduhd2fxzmr2pewhy 240 2 this this DT work_27j75zbdvbduhd2fxzmr2pewhy 240 3 caveat caveat NN work_27j75zbdvbduhd2fxzmr2pewhy 240 4 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 240 5 mind mind NN work_27j75zbdvbduhd2fxzmr2pewhy 240 6 , , , work_27j75zbdvbduhd2fxzmr2pewhy 240 7 we -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 240 8 resume resume VBP work_27j75zbdvbduhd2fxzmr2pewhy 240 9 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 240 10 investigation investigation NN work_27j75zbdvbduhd2fxzmr2pewhy 240 11 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 240 12 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 240 13 relation relation NN work_27j75zbdvbduhd2fxzmr2pewhy 240 14 between between IN work_27j75zbdvbduhd2fxzmr2pewhy 240 15 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 240 16 dual dual JJ work_27j75zbdvbduhd2fxzmr2pewhy 240 17 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 240 18 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 240 19 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 240 20 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 240 21 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 240 22 gain gain VB work_27j75zbdvbduhd2fxzmr2pewhy 240 23 better well JJR work_27j75zbdvbduhd2fxzmr2pewhy 240 24 intuition intuition NN work_27j75zbdvbduhd2fxzmr2pewhy 240 25 behind behind IN work_27j75zbdvbduhd2fxzmr2pewhy 240 26 Proposition Proposition NNP work_27j75zbdvbduhd2fxzmr2pewhy 240 27 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 240 28 . . . work_27j75zbdvbduhd2fxzmr2pewhy 241 1 As as IN work_27j75zbdvbduhd2fxzmr2pewhy 241 2 discussed discuss VBN work_27j75zbdvbduhd2fxzmr2pewhy 241 3 before before RB work_27j75zbdvbduhd2fxzmr2pewhy 241 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 241 5 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 241 6 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 241 7 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 241 8 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 241 9 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 241 10 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 241 11 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 241 12 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 241 13 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 241 14 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 241 15 , , , work_27j75zbdvbduhd2fxzmr2pewhy 241 16 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 241 17 commonality commonality NN work_27j75zbdvbduhd2fxzmr2pewhy 241 18 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 241 19 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 241 20 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 241 21 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 241 22 , , , work_27j75zbdvbduhd2fxzmr2pewhy 241 23 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 241 24 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 241 25 extra extra JJ work_27j75zbdvbduhd2fxzmr2pewhy 241 26 weight weight NN work_27j75zbdvbduhd2fxzmr2pewhy 241 27 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 241 28 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 241 29 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 241 30 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 241 31 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 241 32 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 241 33 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 241 34 three three CD work_27j75zbdvbduhd2fxzmr2pewhy 241 35 equivalent equivalent JJ work_27j75zbdvbduhd2fxzmr2pewhy 241 36 concepts concept NNS work_27j75zbdvbduhd2fxzmr2pewhy 241 37 . . . work_27j75zbdvbduhd2fxzmr2pewhy 242 1 Using use VBG work_27j75zbdvbduhd2fxzmr2pewhy 242 2 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 242 3 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 242 4 benchmark benchmark NN work_27j75zbdvbduhd2fxzmr2pewhy 242 5 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 242 6 weight weight NN work_27j75zbdvbduhd2fxzmr2pewhy 242 7 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 242 8 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 242 9 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 242 10 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 242 11 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 242 12 long long JJ work_27j75zbdvbduhd2fxzmr2pewhy 242 13 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 242 14 horizon horizon NN work_27j75zbdvbduhd2fxzmr2pewhy 242 15 economy economy NN work_27j75zbdvbduhd2fxzmr2pewhy 242 16 , , , work_27j75zbdvbduhd2fxzmr2pewhy 242 17 we -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 242 18 could could MD work_27j75zbdvbduhd2fxzmr2pewhy 242 19 quantify quantify VB work_27j75zbdvbduhd2fxzmr2pewhy 242 20 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 242 21 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 242 22 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 242 23 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 242 24 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 242 25 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 242 26 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 242 27 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 242 28 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 242 29 discrepancy discrepancy NN work_27j75zbdvbduhd2fxzmr2pewhy 242 30 between between IN work_27j75zbdvbduhd2fxzmr2pewhy 242 31 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 242 32 weights weight NNS work_27j75zbdvbduhd2fxzmr2pewhy 242 33 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 242 34 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 242 35 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 242 36 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 242 37 p1 p1 NN work_27j75zbdvbduhd2fxzmr2pewhy 242 38 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 242 39 p̂1 p̂1 ADD work_27j75zbdvbduhd2fxzmr2pewhy 242 40 . . . work_27j75zbdvbduhd2fxzmr2pewhy 243 1 I -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 243 2 define define VBP work_27j75zbdvbduhd2fxzmr2pewhy 243 3 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 243 4 extra extra JJ work_27j75zbdvbduhd2fxzmr2pewhy 243 5 weight weight NN work_27j75zbdvbduhd2fxzmr2pewhy 243 6 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 243 7 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 243 8 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 243 9 , , , work_27j75zbdvbduhd2fxzmr2pewhy 243 10 R r NN work_27j75zbdvbduhd2fxzmr2pewhy 243 11 , , , work_27j75zbdvbduhd2fxzmr2pewhy 243 12 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 243 13 follows follow VBZ work_27j75zbdvbduhd2fxzmr2pewhy 243 14 . . . work_27j75zbdvbduhd2fxzmr2pewhy 244 1 R r NN work_27j75zbdvbduhd2fxzmr2pewhy 244 2 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 244 3 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 244 4 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 244 5 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 244 6 b b CD work_27j75zbdvbduhd2fxzmr2pewhy 244 7 c c NNP work_27j75zbdvbduhd2fxzmr2pewhy 244 8 / / SYM work_27j75zbdvbduhd2fxzmr2pewhy 244 9 b̂ b̂ NNP work_27j75zbdvbduhd2fxzmr2pewhy 244 10 ĉ ĉ NNP work_27j75zbdvbduhd2fxzmr2pewhy 244 11 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 244 12 8) 8) CD work_27j75zbdvbduhd2fxzmr2pewhy 244 13 Since since IN work_27j75zbdvbduhd2fxzmr2pewhy 244 14 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 244 15 ratio ratio NN work_27j75zbdvbduhd2fxzmr2pewhy 244 16 b b NN work_27j75zbdvbduhd2fxzmr2pewhy 244 17 c c NN work_27j75zbdvbduhd2fxzmr2pewhy 244 18 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 244 19 b̂ b̂ NNP work_27j75zbdvbduhd2fxzmr2pewhy 244 20 ĉ ĉ NNP work_27j75zbdvbduhd2fxzmr2pewhy 244 21 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 244 22 reflects reflect VBZ work_27j75zbdvbduhd2fxzmr2pewhy 244 23 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 244 24 relative relative JJ work_27j75zbdvbduhd2fxzmr2pewhy 244 25 use use NN work_27j75zbdvbduhd2fxzmr2pewhy 244 26 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 244 27 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 244 28 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 244 29 private private JJ work_27j75zbdvbduhd2fxzmr2pewhy 244 30 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 244 31 when when WRB work_27j75zbdvbduhd2fxzmr2pewhy 244 32 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 244 33 have have VBP work_27j75zbdvbduhd2fxzmr2pewhy 244 34 short short JJ work_27j75zbdvbduhd2fxzmr2pewhy 244 35 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 244 36 long long JJ work_27j75zbdvbduhd2fxzmr2pewhy 244 37 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 244 38 horizons horizon NNS work_27j75zbdvbduhd2fxzmr2pewhy 244 39 , , , work_27j75zbdvbduhd2fxzmr2pewhy 244 40 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 244 41 ratio ratio NN work_27j75zbdvbduhd2fxzmr2pewhy 244 42 b b NNP work_27j75zbdvbduhd2fxzmr2pewhy 244 43 c c NNP work_27j75zbdvbduhd2fxzmr2pewhy 244 44 / / SYM work_27j75zbdvbduhd2fxzmr2pewhy 244 45 b̂ b̂ NNP work_27j75zbdvbduhd2fxzmr2pewhy 244 46 ĉ ĉ NNP work_27j75zbdvbduhd2fxzmr2pewhy 244 47 represents represent VBZ work_27j75zbdvbduhd2fxzmr2pewhy 244 48 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 244 49 extent extent NN work_27j75zbdvbduhd2fxzmr2pewhy 244 50 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 244 51 which which WDT work_27j75zbdvbduhd2fxzmr2pewhy 244 52 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 244 53 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 244 54 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 244 55 overused overuse VBN work_27j75zbdvbduhd2fxzmr2pewhy 244 56 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 244 57 short short JJ work_27j75zbdvbduhd2fxzmr2pewhy 244 58 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 244 59 horizon horizon NN work_27j75zbdvbduhd2fxzmr2pewhy 244 60 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 244 61 . . . work_27j75zbdvbduhd2fxzmr2pewhy 245 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 245 2 monotonic monotonic JJ work_27j75zbdvbduhd2fxzmr2pewhy 245 3 transformation transformation NN work_27j75zbdvbduhd2fxzmr2pewhy 245 4 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 245 5 definition definition NN work_27j75zbdvbduhd2fxzmr2pewhy 245 6 8 8 CD work_27j75zbdvbduhd2fxzmr2pewhy 245 7 normalizes normalize NNS work_27j75zbdvbduhd2fxzmr2pewhy 245 8 R r NN work_27j75zbdvbduhd2fxzmr2pewhy 245 9 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 245 10 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 245 11 2007 2007 CD work_27j75zbdvbduhd2fxzmr2pewhy 245 12 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 245 13 . . . work_27j75zbdvbduhd2fxzmr2pewhy 246 1 20 20 CD work_27j75zbdvbduhd2fxzmr2pewhy 246 2 lie lie NN work_27j75zbdvbduhd2fxzmr2pewhy 246 3 between between IN work_27j75zbdvbduhd2fxzmr2pewhy 246 4 zero zero CD work_27j75zbdvbduhd2fxzmr2pewhy 246 5 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 246 6 one one CD work_27j75zbdvbduhd2fxzmr2pewhy 246 7 . . . work_27j75zbdvbduhd2fxzmr2pewhy 247 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 247 2 greater great JJR work_27j75zbdvbduhd2fxzmr2pewhy 247 3 R r NN work_27j75zbdvbduhd2fxzmr2pewhy 247 4 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 247 5 , , , work_27j75zbdvbduhd2fxzmr2pewhy 247 6 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 247 7 more more JJR work_27j75zbdvbduhd2fxzmr2pewhy 247 8 salient salient NN work_27j75zbdvbduhd2fxzmr2pewhy 247 9 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 247 10 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 247 11 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 247 12 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 247 13 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 247 14 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 247 15 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 247 16 . . . work_27j75zbdvbduhd2fxzmr2pewhy 248 1 Proposition proposition NN work_27j75zbdvbduhd2fxzmr2pewhy 248 2 3 3 CD work_27j75zbdvbduhd2fxzmr2pewhy 248 3 . . . work_27j75zbdvbduhd2fxzmr2pewhy 249 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 249 2 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 249 3 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 249 4 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 249 5 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 249 6 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 249 7 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 249 8 intensifies intensifie NNS work_27j75zbdvbduhd2fxzmr2pewhy 249 9 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 249 10 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 249 11 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 249 12 becomes become VBZ work_27j75zbdvbduhd2fxzmr2pewhy 249 13 more more RBR work_27j75zbdvbduhd2fxzmr2pewhy 249 14 precise precise JJ work_27j75zbdvbduhd2fxzmr2pewhy 249 15 . . . work_27j75zbdvbduhd2fxzmr2pewhy 250 1 Since since IN work_27j75zbdvbduhd2fxzmr2pewhy 250 2 we -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 250 3 have have VBP work_27j75zbdvbduhd2fxzmr2pewhy 250 4 solved solve VBN work_27j75zbdvbduhd2fxzmr2pewhy 250 5 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 250 6 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 250 7 closed closed JJ work_27j75zbdvbduhd2fxzmr2pewhy 250 8 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 250 9 form form NN work_27j75zbdvbduhd2fxzmr2pewhy 250 10 equilibrium equilibrium NN work_27j75zbdvbduhd2fxzmr2pewhy 250 11 , , , work_27j75zbdvbduhd2fxzmr2pewhy 250 12 we -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 250 13 can can MD work_27j75zbdvbduhd2fxzmr2pewhy 250 14 show show VB work_27j75zbdvbduhd2fxzmr2pewhy 250 15 here here RB work_27j75zbdvbduhd2fxzmr2pewhy 250 16 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 250 17 determinant determinant NN work_27j75zbdvbduhd2fxzmr2pewhy 250 18 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 250 19 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 250 20 intensity intensity NN work_27j75zbdvbduhd2fxzmr2pewhy 250 21 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 250 22 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 250 23 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 250 24 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 250 25 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 250 26 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 250 27 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 250 28 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 250 29 . . . work_27j75zbdvbduhd2fxzmr2pewhy 251 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 251 2 commonality commonality NN work_27j75zbdvbduhd2fxzmr2pewhy 251 3 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 251 4 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 251 5 connected connect VBN work_27j75zbdvbduhd2fxzmr2pewhy 251 6 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 251 7 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 251 8 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 251 9 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 251 10 through through IN work_27j75zbdvbduhd2fxzmr2pewhy 251 11 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 251 12 quality quality NN work_27j75zbdvbduhd2fxzmr2pewhy 251 13 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 251 14 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 251 15 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 251 16 . . . work_27j75zbdvbduhd2fxzmr2pewhy 252 1 When when WRB work_27j75zbdvbduhd2fxzmr2pewhy 252 2 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 252 3 quality quality NN work_27j75zbdvbduhd2fxzmr2pewhy 252 4 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 252 5 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 252 6 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 252 7 improves improve VBZ work_27j75zbdvbduhd2fxzmr2pewhy 252 8 , , , work_27j75zbdvbduhd2fxzmr2pewhy 252 9 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 252 10 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 252 11 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 252 12 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 252 13 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 252 14 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 252 15 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 252 16 becomes become VBZ work_27j75zbdvbduhd2fxzmr2pewhy 252 17 more more JJR work_27j75zbdvbduhd2fxzmr2pewhy 252 18 salient salient NN work_27j75zbdvbduhd2fxzmr2pewhy 252 19 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 252 20 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 252 21 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 252 22 concentrates concentrate VBZ work_27j75zbdvbduhd2fxzmr2pewhy 252 23 further further RB work_27j75zbdvbduhd2fxzmr2pewhy 252 24 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 252 25 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 252 26 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 252 27 . . . work_27j75zbdvbduhd2fxzmr2pewhy 253 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 253 2 intuition intuition NN work_27j75zbdvbduhd2fxzmr2pewhy 253 3 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 253 4 this this DT work_27j75zbdvbduhd2fxzmr2pewhy 253 5 link link NN work_27j75zbdvbduhd2fxzmr2pewhy 253 6 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 253 7 straightforward straightforward JJ work_27j75zbdvbduhd2fxzmr2pewhy 253 8 . . . work_27j75zbdvbduhd2fxzmr2pewhy 254 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 254 2 Keynesian- Keynesian- NNP work_27j75zbdvbduhd2fxzmr2pewhy 254 3 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 254 4 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 254 5 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 254 6 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 254 7 occurs occur VBZ work_27j75zbdvbduhd2fxzmr2pewhy 254 8 because because IN work_27j75zbdvbduhd2fxzmr2pewhy 254 9 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 254 10 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 254 11 has have VBZ work_27j75zbdvbduhd2fxzmr2pewhy 254 12 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 254 13 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 254 14 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 254 15 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 254 16 first first JJ work_27j75zbdvbduhd2fxzmr2pewhy 254 17 place place NN work_27j75zbdvbduhd2fxzmr2pewhy 254 18 . . . work_27j75zbdvbduhd2fxzmr2pewhy 255 1 Anticipating anticipate VBG work_27j75zbdvbduhd2fxzmr2pewhy 255 2 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 255 3 other other JJ work_27j75zbdvbduhd2fxzmr2pewhy 255 4 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 255 5 will will MD work_27j75zbdvbduhd2fxzmr2pewhy 255 6 be be VB work_27j75zbdvbduhd2fxzmr2pewhy 255 7 using use VBG work_27j75zbdvbduhd2fxzmr2pewhy 255 8 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 255 9 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 255 10 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 255 11 forecast forecast VB work_27j75zbdvbduhd2fxzmr2pewhy 255 12 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 255 13 fundamental fundamental JJ work_27j75zbdvbduhd2fxzmr2pewhy 255 14 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 255 15 , , , work_27j75zbdvbduhd2fxzmr2pewhy 255 16 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 255 17 short short JJ work_27j75zbdvbduhd2fxzmr2pewhy 255 18 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 255 19 horizon horizon NN work_27j75zbdvbduhd2fxzmr2pewhy 255 20 investor investor NN work_27j75zbdvbduhd2fxzmr2pewhy 255 21 , , , work_27j75zbdvbduhd2fxzmr2pewhy 255 22 who who WP work_27j75zbdvbduhd2fxzmr2pewhy 255 23 tries try VBZ work_27j75zbdvbduhd2fxzmr2pewhy 255 24 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 255 25 forecast forecast VB work_27j75zbdvbduhd2fxzmr2pewhy 255 26 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 255 27 consensus consensus NN work_27j75zbdvbduhd2fxzmr2pewhy 255 28 fundamental fundamental JJ work_27j75zbdvbduhd2fxzmr2pewhy 255 29 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 255 30 , , , work_27j75zbdvbduhd2fxzmr2pewhy 255 31 overuses overuse VBZ work_27j75zbdvbduhd2fxzmr2pewhy 255 32 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 255 33 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 255 34 over over IN work_27j75zbdvbduhd2fxzmr2pewhy 255 35 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 255 36 above above IN work_27j75zbdvbduhd2fxzmr2pewhy 255 37 its -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 255 38 optimal optimal JJ work_27j75zbdvbduhd2fxzmr2pewhy 255 39 use use NN work_27j75zbdvbduhd2fxzmr2pewhy 255 40 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 255 41 assessing assess VBG work_27j75zbdvbduhd2fxzmr2pewhy 255 42 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 255 43 fundamental fundamental JJ work_27j75zbdvbduhd2fxzmr2pewhy 255 44 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 255 45 . . . work_27j75zbdvbduhd2fxzmr2pewhy 256 1 As as IN work_27j75zbdvbduhd2fxzmr2pewhy 256 2 it -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 256 3 becomes become VBZ work_27j75zbdvbduhd2fxzmr2pewhy 256 4 more more RBR work_27j75zbdvbduhd2fxzmr2pewhy 256 5 accurate accurate JJ work_27j75zbdvbduhd2fxzmr2pewhy 256 6 , , , work_27j75zbdvbduhd2fxzmr2pewhy 256 7 not not RB work_27j75zbdvbduhd2fxzmr2pewhy 256 8 only only RB work_27j75zbdvbduhd2fxzmr2pewhy 256 9 does do VBZ work_27j75zbdvbduhd2fxzmr2pewhy 256 10 she -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 256 11 use use VB work_27j75zbdvbduhd2fxzmr2pewhy 256 12 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 256 13 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 256 14 more more RBR work_27j75zbdvbduhd2fxzmr2pewhy 256 15 due due JJ work_27j75zbdvbduhd2fxzmr2pewhy 256 16 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 256 17 its -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 256 18 improved improved JJ work_27j75zbdvbduhd2fxzmr2pewhy 256 19 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 256 20 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 256 21 , , , work_27j75zbdvbduhd2fxzmr2pewhy 256 22 she -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 256 23 also also RB work_27j75zbdvbduhd2fxzmr2pewhy 256 24 overuses overuse VBZ work_27j75zbdvbduhd2fxzmr2pewhy 256 25 it -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 256 26 further further RB work_27j75zbdvbduhd2fxzmr2pewhy 256 27 because because IN work_27j75zbdvbduhd2fxzmr2pewhy 256 28 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 256 29 its -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 256 30 enhanced enhanced JJ work_27j75zbdvbduhd2fxzmr2pewhy 256 31 commonality commonality NN work_27j75zbdvbduhd2fxzmr2pewhy 256 32 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 256 33 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 256 34 forecasting forecast VBG work_27j75zbdvbduhd2fxzmr2pewhy 256 35 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 256 36 consensus consensus NN work_27j75zbdvbduhd2fxzmr2pewhy 256 37 fundamental fundamental JJ work_27j75zbdvbduhd2fxzmr2pewhy 256 38 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 256 39 . . . work_27j75zbdvbduhd2fxzmr2pewhy 257 1 Just just RB work_27j75zbdvbduhd2fxzmr2pewhy 257 2 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 257 3 Morris Morris NNP work_27j75zbdvbduhd2fxzmr2pewhy 257 4 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 257 5 Shin Shin NNP work_27j75zbdvbduhd2fxzmr2pewhy 257 6 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 257 7 2002 2002 CD work_27j75zbdvbduhd2fxzmr2pewhy 257 8 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 257 9 differentiate differentiate VB work_27j75zbdvbduhd2fxzmr2pewhy 257 10 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 257 11 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 257 12 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 257 13 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 257 14 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 257 15 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 257 16 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 257 17 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 257 18 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 257 19 sunspot sunspot NN work_27j75zbdvbduhd2fxzmr2pewhy 257 20 literature literature NN work_27j75zbdvbduhd2fxzmr2pewhy 257 21 based base VBN work_27j75zbdvbduhd2fxzmr2pewhy 257 22 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 257 23 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 257 24 fact fact NN work_27j75zbdvbduhd2fxzmr2pewhy 257 25 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 257 26 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 257 27 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 257 28 has have VBZ work_27j75zbdvbduhd2fxzmr2pewhy 257 29 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 257 30 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 257 31 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 257 32 , , , work_27j75zbdvbduhd2fxzmr2pewhy 257 33 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 257 34 endogenous endogenous JJ work_27j75zbdvbduhd2fxzmr2pewhy 257 35 link link NN work_27j75zbdvbduhd2fxzmr2pewhy 257 36 between between IN work_27j75zbdvbduhd2fxzmr2pewhy 257 37 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 257 38 dual dual JJ work_27j75zbdvbduhd2fxzmr2pewhy 257 39 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 257 40 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 257 41 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 257 42 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 257 43 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 257 44 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 257 45 hallmark hallmark NN work_27j75zbdvbduhd2fxzmr2pewhy 257 46 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 257 47 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 257 48 rational rational JJ work_27j75zbdvbduhd2fxzmr2pewhy 257 49 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 257 50 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 257 51 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 257 52 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 257 53 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 257 54 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 257 55 . . . work_27j75zbdvbduhd2fxzmr2pewhy 258 1 This this DT work_27j75zbdvbduhd2fxzmr2pewhy 258 2 endogenous endogenous JJ work_27j75zbdvbduhd2fxzmr2pewhy 258 3 link link NN work_27j75zbdvbduhd2fxzmr2pewhy 258 4 between between IN work_27j75zbdvbduhd2fxzmr2pewhy 258 5 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 258 6 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 258 7 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 258 8 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 258 9 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 258 10 commonality commonality NN work_27j75zbdvbduhd2fxzmr2pewhy 258 11 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 258 12 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 258 13 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 258 14 informa- informa- JJ work_27j75zbdvbduhd2fxzmr2pewhy 258 15 tion tion NN work_27j75zbdvbduhd2fxzmr2pewhy 258 16 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 258 17 crucial crucial JJ work_27j75zbdvbduhd2fxzmr2pewhy 258 18 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 258 19 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 258 20 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 258 21 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 258 22 consequences consequence NNS work_27j75zbdvbduhd2fxzmr2pewhy 258 23 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 258 24 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 258 25 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 258 26 . . . work_27j75zbdvbduhd2fxzmr2pewhy 259 1 Short short JJ work_27j75zbdvbduhd2fxzmr2pewhy 259 2 horizons horizon NNS work_27j75zbdvbduhd2fxzmr2pewhy 259 3 create create VBP work_27j75zbdvbduhd2fxzmr2pewhy 259 4 interdependency interdependency NN work_27j75zbdvbduhd2fxzmr2pewhy 259 5 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 259 6 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 259 7 ’ ’ POS work_27j75zbdvbduhd2fxzmr2pewhy 259 8 demands demand NNS work_27j75zbdvbduhd2fxzmr2pewhy 259 9 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 259 10 stocks stock NNS work_27j75zbdvbduhd2fxzmr2pewhy 259 11 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 259 12 give give VB work_27j75zbdvbduhd2fxzmr2pewhy 259 13 rise rise NN work_27j75zbdvbduhd2fxzmr2pewhy 259 14 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 259 15 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 259 16 dual dual JJ work_27j75zbdvbduhd2fxzmr2pewhy 259 17 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 259 18 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 259 19 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 259 20 informa- informa- NN work_27j75zbdvbduhd2fxzmr2pewhy 259 21 tion tion NN work_27j75zbdvbduhd2fxzmr2pewhy 259 22 . . . work_27j75zbdvbduhd2fxzmr2pewhy 260 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 260 2 dual dual JJ work_27j75zbdvbduhd2fxzmr2pewhy 260 3 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 260 4 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 260 5 endogenously endogenously RB work_27j75zbdvbduhd2fxzmr2pewhy 260 6 connected connect VBN work_27j75zbdvbduhd2fxzmr2pewhy 260 7 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 260 8 each each DT work_27j75zbdvbduhd2fxzmr2pewhy 260 9 other other JJ work_27j75zbdvbduhd2fxzmr2pewhy 260 10 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 260 11 such such PDT work_27j75zbdvbduhd2fxzmr2pewhy 260 12 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 260 13 way way NN work_27j75zbdvbduhd2fxzmr2pewhy 260 14 that that WDT work_27j75zbdvbduhd2fxzmr2pewhy 260 15 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 260 16 commonality commonality NN work_27j75zbdvbduhd2fxzmr2pewhy 260 17 21 21 CD work_27j75zbdvbduhd2fxzmr2pewhy 260 18 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 260 19 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 260 20 always always RB work_27j75zbdvbduhd2fxzmr2pewhy 260 21 secondary secondary JJ work_27j75zbdvbduhd2fxzmr2pewhy 260 22 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 260 23 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 260 24 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 260 25 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 260 26 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 260 27 terms term NNS work_27j75zbdvbduhd2fxzmr2pewhy 260 28 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 260 29 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 260 30 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 260 31 . . . work_27j75zbdvbduhd2fxzmr2pewhy 261 1 In in IN work_27j75zbdvbduhd2fxzmr2pewhy 261 2 contrast contrast NN work_27j75zbdvbduhd2fxzmr2pewhy 261 3 , , , work_27j75zbdvbduhd2fxzmr2pewhy 261 4 if if IN work_27j75zbdvbduhd2fxzmr2pewhy 261 5 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 261 6 dual dual JJ work_27j75zbdvbduhd2fxzmr2pewhy 261 7 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 261 8 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 261 9 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 261 10 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 261 11 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 261 12 directly directly RB work_27j75zbdvbduhd2fxzmr2pewhy 261 13 assumed assume VBN work_27j75zbdvbduhd2fxzmr2pewhy 261 14 , , , work_27j75zbdvbduhd2fxzmr2pewhy 261 15 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 261 16 opposed oppose VBN work_27j75zbdvbduhd2fxzmr2pewhy 261 17 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 261 18 being be VBG work_27j75zbdvbduhd2fxzmr2pewhy 261 19 derived derive VBN work_27j75zbdvbduhd2fxzmr2pewhy 261 20 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 261 21 short short JJ work_27j75zbdvbduhd2fxzmr2pewhy 261 22 horizons horizon NNS work_27j75zbdvbduhd2fxzmr2pewhy 261 23 , , , work_27j75zbdvbduhd2fxzmr2pewhy 261 24 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 261 25 endogenous endogenous JJ work_27j75zbdvbduhd2fxzmr2pewhy 261 26 link link NN work_27j75zbdvbduhd2fxzmr2pewhy 261 27 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 261 28 then then RB work_27j75zbdvbduhd2fxzmr2pewhy 261 29 muted mute VBN work_27j75zbdvbduhd2fxzmr2pewhy 261 30 . . . work_27j75zbdvbduhd2fxzmr2pewhy 262 1 Consequently consequently RB work_27j75zbdvbduhd2fxzmr2pewhy 262 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 262 3 when when WRB work_27j75zbdvbduhd2fxzmr2pewhy 262 4 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 262 5 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 262 6 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 262 7 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 262 8 tenuous tenuous JJ work_27j75zbdvbduhd2fxzmr2pewhy 262 9 while while IN work_27j75zbdvbduhd2fxzmr2pewhy 262 10 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 262 11 commonality commonality NN work_27j75zbdvbduhd2fxzmr2pewhy 262 12 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 262 13 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 262 14 strong strong JJ work_27j75zbdvbduhd2fxzmr2pewhy 262 15 enough enough RB work_27j75zbdvbduhd2fxzmr2pewhy 262 16 , , , work_27j75zbdvbduhd2fxzmr2pewhy 262 17 noisy noisy JJ work_27j75zbdvbduhd2fxzmr2pewhy 262 18 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 262 19 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 262 20 could could MD work_27j75zbdvbduhd2fxzmr2pewhy 262 21 decrease decrease VB work_27j75zbdvbduhd2fxzmr2pewhy 262 22 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 262 23 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 262 24 . . . work_27j75zbdvbduhd2fxzmr2pewhy 263 1 Morris Morris NNP work_27j75zbdvbduhd2fxzmr2pewhy 263 2 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 263 3 Shin Shin NNP work_27j75zbdvbduhd2fxzmr2pewhy 263 4 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 263 5 2002 2002 CD work_27j75zbdvbduhd2fxzmr2pewhy 263 6 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 263 7 prove prove VB work_27j75zbdvbduhd2fxzmr2pewhy 263 8 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 263 9 similar similar JJ work_27j75zbdvbduhd2fxzmr2pewhy 263 10 point point NN work_27j75zbdvbduhd2fxzmr2pewhy 263 11 . . . work_27j75zbdvbduhd2fxzmr2pewhy 264 1 In in IN work_27j75zbdvbduhd2fxzmr2pewhy 264 2 their -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 264 3 game game NN work_27j75zbdvbduhd2fxzmr2pewhy 264 4 theory theory NN work_27j75zbdvbduhd2fxzmr2pewhy 264 5 model model NN work_27j75zbdvbduhd2fxzmr2pewhy 264 6 , , , work_27j75zbdvbduhd2fxzmr2pewhy 264 7 besides besides IN work_27j75zbdvbduhd2fxzmr2pewhy 264 8 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 264 9 standard standard JJ work_27j75zbdvbduhd2fxzmr2pewhy 264 10 component component NN work_27j75zbdvbduhd2fxzmr2pewhy 264 11 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 264 12 utility utility NN work_27j75zbdvbduhd2fxzmr2pewhy 264 13 defined define VBN work_27j75zbdvbduhd2fxzmr2pewhy 264 14 over over IN work_27j75zbdvbduhd2fxzmr2pewhy 264 15 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 264 16 distance distance NN work_27j75zbdvbduhd2fxzmr2pewhy 264 17 between between IN work_27j75zbdvbduhd2fxzmr2pewhy 264 18 her -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 264 19 action action NN work_27j75zbdvbduhd2fxzmr2pewhy 264 20 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 264 21 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 264 22 true true JJ work_27j75zbdvbduhd2fxzmr2pewhy 264 23 state state NN work_27j75zbdvbduhd2fxzmr2pewhy 264 24 , , , work_27j75zbdvbduhd2fxzmr2pewhy 264 25 an an DT work_27j75zbdvbduhd2fxzmr2pewhy 264 26 agent agent NN work_27j75zbdvbduhd2fxzmr2pewhy 264 27 ’s ’s POS work_27j75zbdvbduhd2fxzmr2pewhy 264 28 loss loss NN work_27j75zbdvbduhd2fxzmr2pewhy 264 29 function function NN work_27j75zbdvbduhd2fxzmr2pewhy 264 30 has have VBZ work_27j75zbdvbduhd2fxzmr2pewhy 264 31 an an DT work_27j75zbdvbduhd2fxzmr2pewhy 264 32 additional additional JJ work_27j75zbdvbduhd2fxzmr2pewhy 264 33 “ " `` work_27j75zbdvbduhd2fxzmr2pewhy 264 34 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 264 35 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 264 36 ” " '' work_27j75zbdvbduhd2fxzmr2pewhy 264 37 component component NN work_27j75zbdvbduhd2fxzmr2pewhy 264 38 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 264 39 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 264 40 fixed fixed JJ work_27j75zbdvbduhd2fxzmr2pewhy 264 41 weight weight NN work_27j75zbdvbduhd2fxzmr2pewhy 264 42 . . . work_27j75zbdvbduhd2fxzmr2pewhy 265 1 Defined define VBN work_27j75zbdvbduhd2fxzmr2pewhy 265 2 over over IN work_27j75zbdvbduhd2fxzmr2pewhy 265 3 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 265 4 distance distance NN work_27j75zbdvbduhd2fxzmr2pewhy 265 5 between between IN work_27j75zbdvbduhd2fxzmr2pewhy 265 6 her -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 265 7 action action NN work_27j75zbdvbduhd2fxzmr2pewhy 265 8 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 265 9 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 265 10 average average JJ work_27j75zbdvbduhd2fxzmr2pewhy 265 11 action action NN work_27j75zbdvbduhd2fxzmr2pewhy 265 12 across across IN work_27j75zbdvbduhd2fxzmr2pewhy 265 13 all all DT work_27j75zbdvbduhd2fxzmr2pewhy 265 14 agents agent NNS work_27j75zbdvbduhd2fxzmr2pewhy 265 15 , , , work_27j75zbdvbduhd2fxzmr2pewhy 265 16 this this DT work_27j75zbdvbduhd2fxzmr2pewhy 265 17 assumed assume VBN work_27j75zbdvbduhd2fxzmr2pewhy 265 18 “ " `` work_27j75zbdvbduhd2fxzmr2pewhy 265 19 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 265 20 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 265 21 ” " '' work_27j75zbdvbduhd2fxzmr2pewhy 265 22 component component NN work_27j75zbdvbduhd2fxzmr2pewhy 265 23 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 265 24 utility utility NN work_27j75zbdvbduhd2fxzmr2pewhy 265 25 not not RB work_27j75zbdvbduhd2fxzmr2pewhy 265 26 only only RB work_27j75zbdvbduhd2fxzmr2pewhy 265 27 gives give VBZ work_27j75zbdvbduhd2fxzmr2pewhy 265 28 rise rise NN work_27j75zbdvbduhd2fxzmr2pewhy 265 29 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 265 30 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 265 31 commonality commonality NN work_27j75zbdvbduhd2fxzmr2pewhy 265 32 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 265 33 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 265 34 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 265 35 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 265 36 , , , work_27j75zbdvbduhd2fxzmr2pewhy 265 37 but but CC work_27j75zbdvbduhd2fxzmr2pewhy 265 38 also also RB work_27j75zbdvbduhd2fxzmr2pewhy 265 39 fixes fix VBZ work_27j75zbdvbduhd2fxzmr2pewhy 265 40 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 265 41 intensity intensity NN work_27j75zbdvbduhd2fxzmr2pewhy 265 42 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 265 43 this this DT work_27j75zbdvbduhd2fxzmr2pewhy 265 44 commonality commonality NN work_27j75zbdvbduhd2fxzmr2pewhy 265 45 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 265 46 . . . work_27j75zbdvbduhd2fxzmr2pewhy 266 1 As as IN work_27j75zbdvbduhd2fxzmr2pewhy 266 2 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 266 3 result result NN work_27j75zbdvbduhd2fxzmr2pewhy 266 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 266 5 when when WRB work_27j75zbdvbduhd2fxzmr2pewhy 266 6 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 266 7 fixed fix VBN work_27j75zbdvbduhd2fxzmr2pewhy 266 8 weight weight NN work_27j75zbdvbduhd2fxzmr2pewhy 266 9 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 266 10 great great JJ work_27j75zbdvbduhd2fxzmr2pewhy 266 11 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 266 12 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 266 13 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 266 14 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 266 15 noisy noisy JJ work_27j75zbdvbduhd2fxzmr2pewhy 266 16 enough enough RB work_27j75zbdvbduhd2fxzmr2pewhy 266 17 , , , work_27j75zbdvbduhd2fxzmr2pewhy 266 18 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 266 19 fixed fix VBN work_27j75zbdvbduhd2fxzmr2pewhy 266 20 commonality commonality NN work_27j75zbdvbduhd2fxzmr2pewhy 266 21 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 266 22 dominates dominate VBZ work_27j75zbdvbduhd2fxzmr2pewhy 266 23 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 266 24 diminishing diminish VBG work_27j75zbdvbduhd2fxzmr2pewhy 266 25 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 266 26 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 266 27 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 266 28 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 266 29 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 266 30 becomes become VBZ work_27j75zbdvbduhd2fxzmr2pewhy 266 31 detrimental detrimental JJ work_27j75zbdvbduhd2fxzmr2pewhy 266 32 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 266 33 social social JJ work_27j75zbdvbduhd2fxzmr2pewhy 266 34 welfare welfare NN work_27j75zbdvbduhd2fxzmr2pewhy 266 35 , , , work_27j75zbdvbduhd2fxzmr2pewhy 266 36 which which WDT work_27j75zbdvbduhd2fxzmr2pewhy 266 37 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 266 38 defined define VBN work_27j75zbdvbduhd2fxzmr2pewhy 266 39 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 266 40 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 266 41 negative negative NN work_27j75zbdvbduhd2fxzmr2pewhy 266 42 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 266 43 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 266 44 average average JJ work_27j75zbdvbduhd2fxzmr2pewhy 266 45 mean mean JJ work_27j75zbdvbduhd2fxzmr2pewhy 266 46 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 266 47 squared squared JJ work_27j75zbdvbduhd2fxzmr2pewhy 266 48 error error NN work_27j75zbdvbduhd2fxzmr2pewhy 266 49 between between IN work_27j75zbdvbduhd2fxzmr2pewhy 266 50 individual individual JJ work_27j75zbdvbduhd2fxzmr2pewhy 266 51 action action NN work_27j75zbdvbduhd2fxzmr2pewhy 266 52 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 266 53 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 266 54 true true JJ work_27j75zbdvbduhd2fxzmr2pewhy 266 55 state state NN work_27j75zbdvbduhd2fxzmr2pewhy 266 56 . . . work_27j75zbdvbduhd2fxzmr2pewhy 267 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 267 2 following follow VBG work_27j75zbdvbduhd2fxzmr2pewhy 267 3 exercise exercise NN work_27j75zbdvbduhd2fxzmr2pewhy 267 4 gives give VBZ work_27j75zbdvbduhd2fxzmr2pewhy 267 5 us -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 267 6 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 267 7 glance glance NN work_27j75zbdvbduhd2fxzmr2pewhy 267 8 at at IN work_27j75zbdvbduhd2fxzmr2pewhy 267 9 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 267 10 importance importance NN work_27j75zbdvbduhd2fxzmr2pewhy 267 11 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 267 12 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 267 13 endogenous endogenous JJ work_27j75zbdvbduhd2fxzmr2pewhy 267 14 link link NN work_27j75zbdvbduhd2fxzmr2pewhy 267 15 between between IN work_27j75zbdvbduhd2fxzmr2pewhy 267 16 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 267 17 dual dual JJ work_27j75zbdvbduhd2fxzmr2pewhy 267 18 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 267 19 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 267 20 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 267 21 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 267 22 . . . work_27j75zbdvbduhd2fxzmr2pewhy 268 1 Recall recall VB work_27j75zbdvbduhd2fxzmr2pewhy 268 2 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 268 3 R r NN work_27j75zbdvbduhd2fxzmr2pewhy 268 4 measures measure VBZ work_27j75zbdvbduhd2fxzmr2pewhy 268 5 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 268 6 intensity intensity NN work_27j75zbdvbduhd2fxzmr2pewhy 268 7 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 268 8 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 268 9 commonality commonality NN work_27j75zbdvbduhd2fxzmr2pewhy 268 10 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 268 11 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 268 12 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 268 13 it -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 268 14 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 268 15 increasing increase VBG work_27j75zbdvbduhd2fxzmr2pewhy 268 16 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 268 17 α α PRP work_27j75zbdvbduhd2fxzmr2pewhy 268 18 . . . work_27j75zbdvbduhd2fxzmr2pewhy 269 1 Now now RB work_27j75zbdvbduhd2fxzmr2pewhy 269 2 we -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 269 3 fix fix VBP work_27j75zbdvbduhd2fxzmr2pewhy 269 4 R r NN work_27j75zbdvbduhd2fxzmr2pewhy 269 5 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 269 6 be be VB work_27j75zbdvbduhd2fxzmr2pewhy 269 7 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 269 8 constant constant NN work_27j75zbdvbduhd2fxzmr2pewhy 269 9 , , , work_27j75zbdvbduhd2fxzmr2pewhy 269 10 r r NN work_27j75zbdvbduhd2fxzmr2pewhy 269 11 , , , work_27j75zbdvbduhd2fxzmr2pewhy 269 12 so so IN work_27j75zbdvbduhd2fxzmr2pewhy 269 13 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 269 14 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 269 15 commonality commonality NN work_27j75zbdvbduhd2fxzmr2pewhy 269 16 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 269 17 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 269 18 decoupled decouple VBN work_27j75zbdvbduhd2fxzmr2pewhy 269 19 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 269 20 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 269 21 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 269 22 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 269 23 . . . work_27j75zbdvbduhd2fxzmr2pewhy 270 1 Observation observation NN work_27j75zbdvbduhd2fxzmr2pewhy 270 2 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 270 3 . . . work_27j75zbdvbduhd2fxzmr2pewhy 271 1 When when WRB work_27j75zbdvbduhd2fxzmr2pewhy 271 2 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 271 3 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 271 4 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 271 5 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 271 6 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 271 7 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 271 8 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 271 9 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 271 10 fixed fix VBN work_27j75zbdvbduhd2fxzmr2pewhy 271 11 at at IN work_27j75zbdvbduhd2fxzmr2pewhy 271 12 r r NN work_27j75zbdvbduhd2fxzmr2pewhy 271 13 , , , work_27j75zbdvbduhd2fxzmr2pewhy 271 14 provisions provision NNS work_27j75zbdvbduhd2fxzmr2pewhy 271 15 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 271 16 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 271 17 infor- infor- FW work_27j75zbdvbduhd2fxzmr2pewhy 271 18 mation mation NN work_27j75zbdvbduhd2fxzmr2pewhy 271 19 decrease decrease NN work_27j75zbdvbduhd2fxzmr2pewhy 271 20 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 271 21 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 271 22 if if IN work_27j75zbdvbduhd2fxzmr2pewhy 271 23 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 271 24 only only RB work_27j75zbdvbduhd2fxzmr2pewhy 271 25 if if IN work_27j75zbdvbduhd2fxzmr2pewhy 271 26 r r NN work_27j75zbdvbduhd2fxzmr2pewhy 271 27 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 271 28 α α PRP work_27j75zbdvbduhd2fxzmr2pewhy 271 29 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 271 30 such such JJ work_27j75zbdvbduhd2fxzmr2pewhy 271 31 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 271 32 α α XX work_27j75zbdvbduhd2fxzmr2pewhy 271 33 < < XX work_27j75zbdvbduhd2fxzmr2pewhy 271 34 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 271 35 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 271 36 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 271 37 r)(β r)(β NN work_27j75zbdvbduhd2fxzmr2pewhy 271 38 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 271 39 ρ1)(1 ρ1)(1 SYM work_27j75zbdvbduhd2fxzmr2pewhy 271 40 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 271 41 2(β 2(β CD work_27j75zbdvbduhd2fxzmr2pewhy 271 42 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 271 43 ρ1 ρ1 NN work_27j75zbdvbduhd2fxzmr2pewhy 271 44 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 271 45 ρ ρ NNP work_27j75zbdvbduhd2fxzmr2pewhy 271 46 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 271 47 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 271 48 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 271 49 r r NN work_27j75zbdvbduhd2fxzmr2pewhy 271 50 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 271 51 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 271 52 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 271 53 9 9 CD work_27j75zbdvbduhd2fxzmr2pewhy 271 54 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 271 55 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 271 56 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 271 57 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 271 58 ρ ρ CC work_27j75zbdvbduhd2fxzmr2pewhy 271 59 2(β 2(β CD work_27j75zbdvbduhd2fxzmr2pewhy 271 60 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 271 61 ρ1 ρ1 NN work_27j75zbdvbduhd2fxzmr2pewhy 271 62 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 271 63 < < XX work_27j75zbdvbduhd2fxzmr2pewhy 271 64 r r NNP work_27j75zbdvbduhd2fxzmr2pewhy 271 65 < < XX work_27j75zbdvbduhd2fxzmr2pewhy 271 66 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 271 67 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 271 68 10 10 CD work_27j75zbdvbduhd2fxzmr2pewhy 271 69 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 271 70 22 22 CD work_27j75zbdvbduhd2fxzmr2pewhy 271 71 In in IN work_27j75zbdvbduhd2fxzmr2pewhy 271 72 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 271 73 sense sense NN work_27j75zbdvbduhd2fxzmr2pewhy 271 74 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 271 75 fixing fix VBG work_27j75zbdvbduhd2fxzmr2pewhy 271 76 an an DT work_27j75zbdvbduhd2fxzmr2pewhy 271 77 endogenous endogenous JJ work_27j75zbdvbduhd2fxzmr2pewhy 271 78 variable variable NN work_27j75zbdvbduhd2fxzmr2pewhy 271 79 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 271 80 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 271 81 constant constant JJ work_27j75zbdvbduhd2fxzmr2pewhy 271 82 inherently inherently RB work_27j75zbdvbduhd2fxzmr2pewhy 271 83 has have VBZ work_27j75zbdvbduhd2fxzmr2pewhy 271 84 too too RB work_27j75zbdvbduhd2fxzmr2pewhy 271 85 many many JJ work_27j75zbdvbduhd2fxzmr2pewhy 271 86 degrees degree NNS work_27j75zbdvbduhd2fxzmr2pewhy 271 87 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 271 88 freedom freedom NN work_27j75zbdvbduhd2fxzmr2pewhy 271 89 , , , work_27j75zbdvbduhd2fxzmr2pewhy 271 90 Observation observation NN work_27j75zbdvbduhd2fxzmr2pewhy 271 91 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 271 92 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 271 93 more more JJR work_27j75zbdvbduhd2fxzmr2pewhy 271 94 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 271 95 back back JJ work_27j75zbdvbduhd2fxzmr2pewhy 271 96 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 271 97 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 271 98 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 271 99 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 271 100 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 271 101 envelope envelope NN work_27j75zbdvbduhd2fxzmr2pewhy 271 102 calculation calculation NN work_27j75zbdvbduhd2fxzmr2pewhy 271 103 than than IN work_27j75zbdvbduhd2fxzmr2pewhy 271 104 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 271 105 rigorous rigorous JJ work_27j75zbdvbduhd2fxzmr2pewhy 271 106 statement statement NN work_27j75zbdvbduhd2fxzmr2pewhy 271 107 . . . work_27j75zbdvbduhd2fxzmr2pewhy 272 1 However however RB work_27j75zbdvbduhd2fxzmr2pewhy 272 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 272 3 it -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 272 4 gives give VBZ work_27j75zbdvbduhd2fxzmr2pewhy 272 5 some some DT work_27j75zbdvbduhd2fxzmr2pewhy 272 6 clues clue NNS work_27j75zbdvbduhd2fxzmr2pewhy 272 7 about about IN work_27j75zbdvbduhd2fxzmr2pewhy 272 8 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 272 9 importance importance NN work_27j75zbdvbduhd2fxzmr2pewhy 272 10 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 272 11 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 272 12 endogenous endogenous JJ work_27j75zbdvbduhd2fxzmr2pewhy 272 13 link link NN work_27j75zbdvbduhd2fxzmr2pewhy 272 14 between between IN work_27j75zbdvbduhd2fxzmr2pewhy 272 15 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 272 16 dual dual JJ work_27j75zbdvbduhd2fxzmr2pewhy 272 17 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 272 18 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 272 19 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 272 20 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 272 21 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 272 22 determining determine VBG work_27j75zbdvbduhd2fxzmr2pewhy 272 23 its -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 272 24 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 272 25 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 272 26 consequences consequence NNS work_27j75zbdvbduhd2fxzmr2pewhy 272 27 . . . work_27j75zbdvbduhd2fxzmr2pewhy 273 1 When when WRB work_27j75zbdvbduhd2fxzmr2pewhy 273 2 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 273 3 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 273 4 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 273 5 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 273 6 relatively relatively RB work_27j75zbdvbduhd2fxzmr2pewhy 273 7 noisy noisy JJ work_27j75zbdvbduhd2fxzmr2pewhy 273 8 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 273 9 condition condition NN work_27j75zbdvbduhd2fxzmr2pewhy 273 10 9 9 CD work_27j75zbdvbduhd2fxzmr2pewhy 273 11 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 273 12 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 273 13 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 273 14 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 273 15 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 273 16 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 273 17 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 273 18 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 273 19 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 273 20 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 273 21 fixed fix VBN work_27j75zbdvbduhd2fxzmr2pewhy 273 22 at at IN work_27j75zbdvbduhd2fxzmr2pewhy 273 23 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 273 24 high high JJ work_27j75zbdvbduhd2fxzmr2pewhy 273 25 level level NN work_27j75zbdvbduhd2fxzmr2pewhy 273 26 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 273 27 condition condition NN work_27j75zbdvbduhd2fxzmr2pewhy 273 28 10 10 CD work_27j75zbdvbduhd2fxzmr2pewhy 273 29 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 273 30 , , , work_27j75zbdvbduhd2fxzmr2pewhy 273 31 provisions provision NNS work_27j75zbdvbduhd2fxzmr2pewhy 273 32 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 273 33 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 273 34 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 273 35 reduce reduce VB work_27j75zbdvbduhd2fxzmr2pewhy 273 36 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 273 37 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 273 38 . . . work_27j75zbdvbduhd2fxzmr2pewhy 274 1 In in IN work_27j75zbdvbduhd2fxzmr2pewhy 274 2 this this DT work_27j75zbdvbduhd2fxzmr2pewhy 274 3 sense sense NN work_27j75zbdvbduhd2fxzmr2pewhy 274 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 274 5 conditions condition NNS work_27j75zbdvbduhd2fxzmr2pewhy 274 6 9 9 CD work_27j75zbdvbduhd2fxzmr2pewhy 274 7 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 274 8 10 10 CD work_27j75zbdvbduhd2fxzmr2pewhy 274 9 resemble resemble JJ work_27j75zbdvbduhd2fxzmr2pewhy 274 10 condition condition NN work_27j75zbdvbduhd2fxzmr2pewhy 274 11 20 20 CD work_27j75zbdvbduhd2fxzmr2pewhy 274 12 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 274 13 Morris Morris NNP work_27j75zbdvbduhd2fxzmr2pewhy 274 14 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 274 15 Shin Shin NNP work_27j75zbdvbduhd2fxzmr2pewhy 274 16 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 274 17 2002 2002 CD work_27j75zbdvbduhd2fxzmr2pewhy 274 18 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 274 19 . . . work_27j75zbdvbduhd2fxzmr2pewhy 275 1 Therefore therefore RB work_27j75zbdvbduhd2fxzmr2pewhy 275 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 275 3 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 275 4 comparison comparison NN work_27j75zbdvbduhd2fxzmr2pewhy 275 5 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 275 6 Proposition Proposition NNP work_27j75zbdvbduhd2fxzmr2pewhy 275 7 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 275 8 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 275 9 Observation observation NN work_27j75zbdvbduhd2fxzmr2pewhy 275 10 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 275 11 suggests suggest VBZ work_27j75zbdvbduhd2fxzmr2pewhy 275 12 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 275 13 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 275 14 detrimental detrimental JJ work_27j75zbdvbduhd2fxzmr2pewhy 275 15 social social JJ work_27j75zbdvbduhd2fxzmr2pewhy 275 16 welfare welfare NN work_27j75zbdvbduhd2fxzmr2pewhy 275 17 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 275 18 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 275 19 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 275 20 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 275 21 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 275 22 Morris Morris NNP work_27j75zbdvbduhd2fxzmr2pewhy 275 23 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 275 24 Shin Shin NNP work_27j75zbdvbduhd2fxzmr2pewhy 275 25 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 275 26 2002 2002 CD work_27j75zbdvbduhd2fxzmr2pewhy 275 27 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 275 28 may may MD work_27j75zbdvbduhd2fxzmr2pewhy 275 29 result result VB work_27j75zbdvbduhd2fxzmr2pewhy 275 30 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 275 31 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 275 32 assumed assumed JJ work_27j75zbdvbduhd2fxzmr2pewhy 275 33 “ " `` work_27j75zbdvbduhd2fxzmr2pewhy 275 34 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 275 35 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 275 36 ” " '' work_27j75zbdvbduhd2fxzmr2pewhy 275 37 utility utility NN work_27j75zbdvbduhd2fxzmr2pewhy 275 38 , , , work_27j75zbdvbduhd2fxzmr2pewhy 275 39 an an DT work_27j75zbdvbduhd2fxzmr2pewhy 275 40 observation observation NN work_27j75zbdvbduhd2fxzmr2pewhy 275 41 that that WDT work_27j75zbdvbduhd2fxzmr2pewhy 275 42 warrants warrant VBZ work_27j75zbdvbduhd2fxzmr2pewhy 275 43 further further JJ work_27j75zbdvbduhd2fxzmr2pewhy 275 44 investigation investigation NN work_27j75zbdvbduhd2fxzmr2pewhy 275 45 . . . work_27j75zbdvbduhd2fxzmr2pewhy 276 1 5 5 CD work_27j75zbdvbduhd2fxzmr2pewhy 276 2 Conclusion Conclusion NNP work_27j75zbdvbduhd2fxzmr2pewhy 276 3 I -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 276 4 study study VBP work_27j75zbdvbduhd2fxzmr2pewhy 276 5 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 276 6 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 276 7 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 276 8 consequences consequence NNS work_27j75zbdvbduhd2fxzmr2pewhy 276 9 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 276 10 accounting accounting NN work_27j75zbdvbduhd2fxzmr2pewhy 276 11 disclosure disclosure NN work_27j75zbdvbduhd2fxzmr2pewhy 276 12 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 276 13 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 276 14 context context NN work_27j75zbdvbduhd2fxzmr2pewhy 276 15 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 276 16 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 276 17 markets market NNS work_27j75zbdvbduhd2fxzmr2pewhy 276 18 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 276 19 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 276 20 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 276 21 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 276 22 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 276 23 . . . work_27j75zbdvbduhd2fxzmr2pewhy 277 1 In in IN work_27j75zbdvbduhd2fxzmr2pewhy 277 2 such such JJ work_27j75zbdvbduhd2fxzmr2pewhy 277 3 markets market NNS work_27j75zbdvbduhd2fxzmr2pewhy 277 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 277 5 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 277 6 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 277 7 performs perform VBZ work_27j75zbdvbduhd2fxzmr2pewhy 277 8 both both CC work_27j75zbdvbduhd2fxzmr2pewhy 277 9 an an DT work_27j75zbdvbduhd2fxzmr2pewhy 277 10 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 277 11 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 277 12 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 277 13 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 277 14 commonality commonality NN work_27j75zbdvbduhd2fxzmr2pewhy 277 15 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 277 16 . . . work_27j75zbdvbduhd2fxzmr2pewhy 278 1 Because because IN work_27j75zbdvbduhd2fxzmr2pewhy 278 2 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 278 3 dual dual JJ work_27j75zbdvbduhd2fxzmr2pewhy 278 4 role role NN work_27j75zbdvbduhd2fxzmr2pewhy 278 5 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 278 6 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 278 7 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 278 8 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 278 9 endogenously endogenously RB work_27j75zbdvbduhd2fxzmr2pewhy 278 10 linked link VBN work_27j75zbdvbduhd2fxzmr2pewhy 278 11 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 278 12 each each DT work_27j75zbdvbduhd2fxzmr2pewhy 278 13 other other JJ work_27j75zbdvbduhd2fxzmr2pewhy 278 14 via via IN work_27j75zbdvbduhd2fxzmr2pewhy 278 15 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 278 16 quality quality NN work_27j75zbdvbduhd2fxzmr2pewhy 278 17 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 278 18 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 278 19 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 278 20 , , , work_27j75zbdvbduhd2fxzmr2pewhy 278 21 disclosure disclosure NN work_27j75zbdvbduhd2fxzmr2pewhy 278 22 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 278 23 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 278 24 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 278 25 , , , work_27j75zbdvbduhd2fxzmr2pewhy 278 26 however however RB work_27j75zbdvbduhd2fxzmr2pewhy 278 27 noisy noisy JJ work_27j75zbdvbduhd2fxzmr2pewhy 278 28 it -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 278 29 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 278 30 , , , work_27j75zbdvbduhd2fxzmr2pewhy 278 31 always always RB work_27j75zbdvbduhd2fxzmr2pewhy 278 32 brings bring VBZ work_27j75zbdvbduhd2fxzmr2pewhy 278 33 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 278 34 prices price NNS work_27j75zbdvbduhd2fxzmr2pewhy 278 35 closer close RBR work_27j75zbdvbduhd2fxzmr2pewhy 278 36 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 278 37 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 278 38 fundamental fundamental JJ work_27j75zbdvbduhd2fxzmr2pewhy 278 39 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 278 40 . . . work_27j75zbdvbduhd2fxzmr2pewhy 279 1 Transparency transparency NN work_27j75zbdvbduhd2fxzmr2pewhy 279 2 should should MD work_27j75zbdvbduhd2fxzmr2pewhy 279 3 not not RB work_27j75zbdvbduhd2fxzmr2pewhy 279 4 be be VB work_27j75zbdvbduhd2fxzmr2pewhy 279 5 compromised compromise VBN work_27j75zbdvbduhd2fxzmr2pewhy 279 6 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 279 7 grounds ground NNS work_27j75zbdvbduhd2fxzmr2pewhy 279 8 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 279 9 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 279 10 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 279 11 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 279 12 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 279 13 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 279 14 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 279 15 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 279 16 . . . work_27j75zbdvbduhd2fxzmr2pewhy 280 1 Accounting accounting NN work_27j75zbdvbduhd2fxzmr2pewhy 280 2 disclosure disclosure NN work_27j75zbdvbduhd2fxzmr2pewhy 280 3 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 280 4 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 280 5 distinct distinct JJ work_27j75zbdvbduhd2fxzmr2pewhy 280 6 feature feature NN work_27j75zbdvbduhd2fxzmr2pewhy 280 7 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 280 8 modern modern JJ work_27j75zbdvbduhd2fxzmr2pewhy 280 9 corporations corporation NNS work_27j75zbdvbduhd2fxzmr2pewhy 280 10 characterized characterize VBN work_27j75zbdvbduhd2fxzmr2pewhy 280 11 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 280 12 dispersed dispersed JJ work_27j75zbdvbduhd2fxzmr2pewhy 280 13 ownership ownership NN work_27j75zbdvbduhd2fxzmr2pewhy 280 14 . . . work_27j75zbdvbduhd2fxzmr2pewhy 281 1 Previous previous JJ work_27j75zbdvbduhd2fxzmr2pewhy 281 2 research research NN work_27j75zbdvbduhd2fxzmr2pewhy 281 3 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 281 4 accounting accounting NN work_27j75zbdvbduhd2fxzmr2pewhy 281 5 disclosure disclosure NN work_27j75zbdvbduhd2fxzmr2pewhy 281 6 has have VBZ work_27j75zbdvbduhd2fxzmr2pewhy 281 7 mainly mainly RB work_27j75zbdvbduhd2fxzmr2pewhy 281 8 focused focus VBN work_27j75zbdvbduhd2fxzmr2pewhy 281 9 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 281 10 agency agency NN work_27j75zbdvbduhd2fxzmr2pewhy 281 11 problems problem NNS work_27j75zbdvbduhd2fxzmr2pewhy 281 12 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 281 13 differential differential VB work_27j75zbdvbduhd2fxzmr2pewhy 281 14 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 281 15 among among IN work_27j75zbdvbduhd2fxzmr2pewhy 281 16 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 281 17 . . . work_27j75zbdvbduhd2fxzmr2pewhy 282 1 This this DT work_27j75zbdvbduhd2fxzmr2pewhy 282 2 paper paper NN work_27j75zbdvbduhd2fxzmr2pewhy 282 3 provides provide VBZ work_27j75zbdvbduhd2fxzmr2pewhy 282 4 one one CD work_27j75zbdvbduhd2fxzmr2pewhy 282 5 example example NN work_27j75zbdvbduhd2fxzmr2pewhy 282 6 that that WDT work_27j75zbdvbduhd2fxzmr2pewhy 282 7 dispersed disperse VBD work_27j75zbdvbduhd2fxzmr2pewhy 282 8 ownership ownership NN work_27j75zbdvbduhd2fxzmr2pewhy 282 9 has have VBZ work_27j75zbdvbduhd2fxzmr2pewhy 282 10 other other JJ work_27j75zbdvbduhd2fxzmr2pewhy 282 11 important important JJ work_27j75zbdvbduhd2fxzmr2pewhy 282 12 consequences consequence NNS work_27j75zbdvbduhd2fxzmr2pewhy 282 13 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 282 14 accounting accounting NN work_27j75zbdvbduhd2fxzmr2pewhy 282 15 disclosure disclosure NN work_27j75zbdvbduhd2fxzmr2pewhy 282 16 that that WDT work_27j75zbdvbduhd2fxzmr2pewhy 282 17 have have VBP work_27j75zbdvbduhd2fxzmr2pewhy 282 18 not not RB work_27j75zbdvbduhd2fxzmr2pewhy 282 19 received receive VBN work_27j75zbdvbduhd2fxzmr2pewhy 282 20 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 282 21 23 23 CD work_27j75zbdvbduhd2fxzmr2pewhy 282 22 attention attention NN work_27j75zbdvbduhd2fxzmr2pewhy 282 23 they -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 282 24 deserve deserve VBP work_27j75zbdvbduhd2fxzmr2pewhy 282 25 . . . work_27j75zbdvbduhd2fxzmr2pewhy 283 1 It -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 283 2 opens open VBZ work_27j75zbdvbduhd2fxzmr2pewhy 283 3 up up RP work_27j75zbdvbduhd2fxzmr2pewhy 283 4 many many JJ work_27j75zbdvbduhd2fxzmr2pewhy 283 5 new new JJ work_27j75zbdvbduhd2fxzmr2pewhy 283 6 opportunities opportunity NNS work_27j75zbdvbduhd2fxzmr2pewhy 283 7 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 283 8 future future JJ work_27j75zbdvbduhd2fxzmr2pewhy 283 9 research research NN work_27j75zbdvbduhd2fxzmr2pewhy 283 10 . . . work_27j75zbdvbduhd2fxzmr2pewhy 284 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 284 2 Keynesian- Keynesian- NNP work_27j75zbdvbduhd2fxzmr2pewhy 284 3 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 284 4 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 284 5 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 284 6 effect effect NN work_27j75zbdvbduhd2fxzmr2pewhy 284 7 may may MD work_27j75zbdvbduhd2fxzmr2pewhy 284 8 have have VB work_27j75zbdvbduhd2fxzmr2pewhy 284 9 substantial substantial JJ work_27j75zbdvbduhd2fxzmr2pewhy 284 10 implications implication NNS work_27j75zbdvbduhd2fxzmr2pewhy 284 11 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 284 12 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 284 13 trade trade NN work_27j75zbdvbduhd2fxzmr2pewhy 284 14 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 284 15 off off NN work_27j75zbdvbduhd2fxzmr2pewhy 284 16 between between IN work_27j75zbdvbduhd2fxzmr2pewhy 284 17 public public JJ work_27j75zbdvbduhd2fxzmr2pewhy 284 18 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 284 19 private private JJ work_27j75zbdvbduhd2fxzmr2pewhy 284 20 channels channel NNS work_27j75zbdvbduhd2fxzmr2pewhy 284 21 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 284 22 disclose disclose VB work_27j75zbdvbduhd2fxzmr2pewhy 284 23 corporate corporate JJ work_27j75zbdvbduhd2fxzmr2pewhy 284 24 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 284 25 , , , work_27j75zbdvbduhd2fxzmr2pewhy 284 26 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 284 27 relation relation NN work_27j75zbdvbduhd2fxzmr2pewhy 284 28 between between IN work_27j75zbdvbduhd2fxzmr2pewhy 284 29 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 284 30 quality quality NN work_27j75zbdvbduhd2fxzmr2pewhy 284 31 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 284 32 cost cost NN work_27j75zbdvbduhd2fxzmr2pewhy 284 33 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 284 34 capital capital NN work_27j75zbdvbduhd2fxzmr2pewhy 284 35 , , , work_27j75zbdvbduhd2fxzmr2pewhy 284 36 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 284 37 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 284 38 relation relation NN work_27j75zbdvbduhd2fxzmr2pewhy 284 39 between between IN work_27j75zbdvbduhd2fxzmr2pewhy 284 40 earnings earning NNS work_27j75zbdvbduhd2fxzmr2pewhy 284 41 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 284 42 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 284 43 prices price NNS work_27j75zbdvbduhd2fxzmr2pewhy 284 44 . . . work_27j75zbdvbduhd2fxzmr2pewhy 285 1 Another another DT work_27j75zbdvbduhd2fxzmr2pewhy 285 2 promising promising JJ work_27j75zbdvbduhd2fxzmr2pewhy 285 3 direction direction NN work_27j75zbdvbduhd2fxzmr2pewhy 285 4 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 285 5 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 285 6 include include VB work_27j75zbdvbduhd2fxzmr2pewhy 285 7 real real JJ work_27j75zbdvbduhd2fxzmr2pewhy 285 8 effects effect NNS work_27j75zbdvbduhd2fxzmr2pewhy 285 9 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 285 10 accounting accounting NN work_27j75zbdvbduhd2fxzmr2pewhy 285 11 disclosure disclosure NN work_27j75zbdvbduhd2fxzmr2pewhy 285 12 so so IN work_27j75zbdvbduhd2fxzmr2pewhy 285 13 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 285 14 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 285 15 exam- exam- NNP work_27j75zbdvbduhd2fxzmr2pewhy 285 16 ine ine NNP work_27j75zbdvbduhd2fxzmr2pewhy 285 17 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 285 18 allocational allocational JJ work_27j75zbdvbduhd2fxzmr2pewhy 285 19 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 285 20 consequences consequence NNS work_27j75zbdvbduhd2fxzmr2pewhy 285 21 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 285 22 accounting accounting NN work_27j75zbdvbduhd2fxzmr2pewhy 285 23 disclosure disclosure NN work_27j75zbdvbduhd2fxzmr2pewhy 285 24 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 285 25 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 285 26 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 285 27 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 285 28 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 285 29 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 285 30 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 285 31 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 285 32 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 285 33 . . . work_27j75zbdvbduhd2fxzmr2pewhy 286 1 Since since IN work_27j75zbdvbduhd2fxzmr2pewhy 286 2 allocational allocational JJ work_27j75zbdvbduhd2fxzmr2pewhy 286 3 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 286 4 may may MD work_27j75zbdvbduhd2fxzmr2pewhy 286 5 diverge diverge VB work_27j75zbdvbduhd2fxzmr2pewhy 286 6 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 286 7 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 286 8 efficiency efficiency NN work_27j75zbdvbduhd2fxzmr2pewhy 286 9 , , , work_27j75zbdvbduhd2fxzmr2pewhy 286 10 such such PDT work_27j75zbdvbduhd2fxzmr2pewhy 286 11 an an DT work_27j75zbdvbduhd2fxzmr2pewhy 286 12 extension extension NN work_27j75zbdvbduhd2fxzmr2pewhy 286 13 complements complement NNS work_27j75zbdvbduhd2fxzmr2pewhy 286 14 this this DT work_27j75zbdvbduhd2fxzmr2pewhy 286 15 study study NN work_27j75zbdvbduhd2fxzmr2pewhy 286 16 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 286 17 deepens deepen VBZ work_27j75zbdvbduhd2fxzmr2pewhy 286 18 our -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 286 19 understanding understanding NN work_27j75zbdvbduhd2fxzmr2pewhy 286 20 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 286 21 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 286 22 real real JJ work_27j75zbdvbduhd2fxzmr2pewhy 286 23 consequences consequence NNS work_27j75zbdvbduhd2fxzmr2pewhy 286 24 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 286 25 accounting account VBG work_27j75zbdvbduhd2fxzmr2pewhy 286 26 disclosure disclosure NN work_27j75zbdvbduhd2fxzmr2pewhy 286 27 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 286 28 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 286 29 Keynesian keynesian JJ work_27j75zbdvbduhd2fxzmr2pewhy 286 30 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 286 31 beauty beauty NN work_27j75zbdvbduhd2fxzmr2pewhy 286 32 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 286 33 contest contest NN work_27j75zbdvbduhd2fxzmr2pewhy 286 34 stock stock NN work_27j75zbdvbduhd2fxzmr2pewhy 286 35 market market NN work_27j75zbdvbduhd2fxzmr2pewhy 286 36 . . . work_27j75zbdvbduhd2fxzmr2pewhy 287 1 24 24 CD work_27j75zbdvbduhd2fxzmr2pewhy 287 2 Appendix Appendix NNP work_27j75zbdvbduhd2fxzmr2pewhy 287 3 Proof Proof NNP work_27j75zbdvbduhd2fxzmr2pewhy 287 4 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 287 5 Proposition Proposition NNP work_27j75zbdvbduhd2fxzmr2pewhy 287 6 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 287 7 . . . work_27j75zbdvbduhd2fxzmr2pewhy 288 1 I -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 288 2 solve solve VBP work_27j75zbdvbduhd2fxzmr2pewhy 288 3 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 288 4 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 288 5 model model NN work_27j75zbdvbduhd2fxzmr2pewhy 288 6 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 288 7 five five CD work_27j75zbdvbduhd2fxzmr2pewhy 288 8 steps step NNS work_27j75zbdvbduhd2fxzmr2pewhy 288 9 . . . work_27j75zbdvbduhd2fxzmr2pewhy 289 1 Step step NN work_27j75zbdvbduhd2fxzmr2pewhy 289 2 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 289 3 : : : work_27j75zbdvbduhd2fxzmr2pewhy 289 4 Previous previous JJ work_27j75zbdvbduhd2fxzmr2pewhy 289 5 work work NN work_27j75zbdvbduhd2fxzmr2pewhy 289 6 has have VBZ work_27j75zbdvbduhd2fxzmr2pewhy 289 7 shown show VBN work_27j75zbdvbduhd2fxzmr2pewhy 289 8 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 289 9 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 289 10 an an DT work_27j75zbdvbduhd2fxzmr2pewhy 289 11 economy economy NN work_27j75zbdvbduhd2fxzmr2pewhy 289 12 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 289 13 which which WDT work_27j75zbdvbduhd2fxzmr2pewhy 289 14 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 289 15 have have VBP work_27j75zbdvbduhd2fxzmr2pewhy 289 16 CARA CARA NNP work_27j75zbdvbduhd2fxzmr2pewhy 289 17 utility utility NN work_27j75zbdvbduhd2fxzmr2pewhy 289 18 functions function NNS work_27j75zbdvbduhd2fxzmr2pewhy 289 19 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 289 20 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 289 21 payoff payoff NN work_27j75zbdvbduhd2fxzmr2pewhy 289 22 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 289 23 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 289 24 security security NN work_27j75zbdvbduhd2fxzmr2pewhy 289 25 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 289 26 normally normally RB work_27j75zbdvbduhd2fxzmr2pewhy 289 27 distributed distribute VBN work_27j75zbdvbduhd2fxzmr2pewhy 289 28 , , , work_27j75zbdvbduhd2fxzmr2pewhy 289 29 an an DT work_27j75zbdvbduhd2fxzmr2pewhy 289 30 investor investor NN work_27j75zbdvbduhd2fxzmr2pewhy 289 31 i i PRP work_27j75zbdvbduhd2fxzmr2pewhy 289 32 ’s ’ VBG work_27j75zbdvbduhd2fxzmr2pewhy 289 33 demand demand NN work_27j75zbdvbduhd2fxzmr2pewhy 289 34 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 289 35 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 289 36 risky risky JJ work_27j75zbdvbduhd2fxzmr2pewhy 289 37 security security NN work_27j75zbdvbduhd2fxzmr2pewhy 289 38 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 289 39 described describe VBN work_27j75zbdvbduhd2fxzmr2pewhy 289 40 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 289 41 equation equation NN work_27j75zbdvbduhd2fxzmr2pewhy 289 42 3 3 CD work_27j75zbdvbduhd2fxzmr2pewhy 289 43 . . . work_27j75zbdvbduhd2fxzmr2pewhy 290 1 Step step NN work_27j75zbdvbduhd2fxzmr2pewhy 290 2 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 290 3 : : : work_27j75zbdvbduhd2fxzmr2pewhy 290 4 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 290 5 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 290 6 structure structure NN work_27j75zbdvbduhd2fxzmr2pewhy 290 7 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 290 8 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 290 9 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 290 10 . . . work_27j75zbdvbduhd2fxzmr2pewhy 291 1 Assume assume VB work_27j75zbdvbduhd2fxzmr2pewhy 291 2 p1 p1 NN work_27j75zbdvbduhd2fxzmr2pewhy 291 3 = = NFP work_27j75zbdvbduhd2fxzmr2pewhy 291 4 bz bz CC work_27j75zbdvbduhd2fxzmr2pewhy 291 5 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 291 6 cθ cθ NNP work_27j75zbdvbduhd2fxzmr2pewhy 291 7 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 291 8 ds1 ds1 NN work_27j75zbdvbduhd2fxzmr2pewhy 291 9 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 291 10 A-1 A-1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 291 11 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 291 12 For for IN work_27j75zbdvbduhd2fxzmr2pewhy 291 13 investor investor NN work_27j75zbdvbduhd2fxzmr2pewhy 291 14 i i PRP work_27j75zbdvbduhd2fxzmr2pewhy 291 15 , , , work_27j75zbdvbduhd2fxzmr2pewhy 291 16 she -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 291 17 interprets interpret VBZ work_27j75zbdvbduhd2fxzmr2pewhy 291 18 p1 p1 NN work_27j75zbdvbduhd2fxzmr2pewhy 291 19 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 291 20 an an DT work_27j75zbdvbduhd2fxzmr2pewhy 291 21 independent independent JJ work_27j75zbdvbduhd2fxzmr2pewhy 291 22 signal signal NN work_27j75zbdvbduhd2fxzmr2pewhy 291 23 , , , work_27j75zbdvbduhd2fxzmr2pewhy 291 24 p p NN work_27j75zbdvbduhd2fxzmr2pewhy 291 25 ∗ ∗ NNP work_27j75zbdvbduhd2fxzmr2pewhy 291 26 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 291 27 , , , work_27j75zbdvbduhd2fxzmr2pewhy 291 28 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 291 29 precision precision NNP work_27j75zbdvbduhd2fxzmr2pewhy 291 30 ρ ρ NNP work_27j75zbdvbduhd2fxzmr2pewhy 291 31 . . . work_27j75zbdvbduhd2fxzmr2pewhy 291 32 p∗1 p∗1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 291 33 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 291 34 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 291 35 c c NN work_27j75zbdvbduhd2fxzmr2pewhy 291 36 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 291 37 p1 p1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 291 38 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 291 39 bz bz IN work_27j75zbdvbduhd2fxzmr2pewhy 291 40 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 291 41 = = NFP work_27j75zbdvbduhd2fxzmr2pewhy 291 42 θ θ NNP work_27j75zbdvbduhd2fxzmr2pewhy 291 43 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 291 44 d d NNP work_27j75zbdvbduhd2fxzmr2pewhy 291 45 c c NNP work_27j75zbdvbduhd2fxzmr2pewhy 291 46 s1 s1 NN work_27j75zbdvbduhd2fxzmr2pewhy 291 47 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 291 48 A-2 A-2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 291 49 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 291 50 ρ ρ NNP work_27j75zbdvbduhd2fxzmr2pewhy 291 51 = = FW work_27j75zbdvbduhd2fxzmr2pewhy 291 52 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 291 53 c c NN work_27j75zbdvbduhd2fxzmr2pewhy 291 54 d d NN work_27j75zbdvbduhd2fxzmr2pewhy 291 55 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 291 56 2γ1 2γ1 CD work_27j75zbdvbduhd2fxzmr2pewhy 291 57 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 291 58 A-3 A-3 NNP work_27j75zbdvbduhd2fxzmr2pewhy 291 59 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 291 60 Correspondingly correspondingly RB work_27j75zbdvbduhd2fxzmr2pewhy 291 61 , , , work_27j75zbdvbduhd2fxzmr2pewhy 291 62 her -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 291 63 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 291 64 set set NN work_27j75zbdvbduhd2fxzmr2pewhy 291 65 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 291 66 I1i I1i NNP work_27j75zbdvbduhd2fxzmr2pewhy 291 67 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 291 68 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 291 69 z z NN work_27j75zbdvbduhd2fxzmr2pewhy 291 70 , , , work_27j75zbdvbduhd2fxzmr2pewhy 291 71 p p NN work_27j75zbdvbduhd2fxzmr2pewhy 291 72 ∗ ∗ NNP work_27j75zbdvbduhd2fxzmr2pewhy 291 73 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 291 74 , , , work_27j75zbdvbduhd2fxzmr2pewhy 291 75 x1i x1i NNP work_27j75zbdvbduhd2fxzmr2pewhy 291 76 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 291 77 . . . work_27j75zbdvbduhd2fxzmr2pewhy 292 1 Notice notice VB work_27j75zbdvbduhd2fxzmr2pewhy 292 2 that that DT work_27j75zbdvbduhd2fxzmr2pewhy 292 3 p p NN work_27j75zbdvbduhd2fxzmr2pewhy 292 4 ∗ ∗ NNP work_27j75zbdvbduhd2fxzmr2pewhy 292 5 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 292 6 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 292 7 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 292 8 same same JJ work_27j75zbdvbduhd2fxzmr2pewhy 292 9 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 292 10 all all DT work_27j75zbdvbduhd2fxzmr2pewhy 292 11 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 292 12 although although IN work_27j75zbdvbduhd2fxzmr2pewhy 292 13 they -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 292 14 have have VBP work_27j75zbdvbduhd2fxzmr2pewhy 292 15 differential differential VBN work_27j75zbdvbduhd2fxzmr2pewhy 292 16 private private JJ work_27j75zbdvbduhd2fxzmr2pewhy 292 17 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 292 18 . . . work_27j75zbdvbduhd2fxzmr2pewhy 293 1 Her -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 293 2 belief belief NN work_27j75zbdvbduhd2fxzmr2pewhy 293 3 about about IN work_27j75zbdvbduhd2fxzmr2pewhy 293 4 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 293 5 fundamental fundamental JJ work_27j75zbdvbduhd2fxzmr2pewhy 293 6 value value NN work_27j75zbdvbduhd2fxzmr2pewhy 293 7 θ θ NNP work_27j75zbdvbduhd2fxzmr2pewhy 293 8 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 293 9 characterized characterize VBN work_27j75zbdvbduhd2fxzmr2pewhy 293 10 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 293 11 Ei[θ|I1i Ei[θ|I1i NNP work_27j75zbdvbduhd2fxzmr2pewhy 293 12 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 293 13 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 293 14 αz αz XX work_27j75zbdvbduhd2fxzmr2pewhy 293 15 + + NNP work_27j75zbdvbduhd2fxzmr2pewhy 293 16 ρp∗1 ρp∗1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 293 17 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 293 18 βx1i βx1i NNP work_27j75zbdvbduhd2fxzmr2pewhy 293 19 α α XX work_27j75zbdvbduhd2fxzmr2pewhy 293 20 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 293 21 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 293 22 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 293 23 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 293 24 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 293 25 V V NNP work_27j75zbdvbduhd2fxzmr2pewhy 293 26 ari[θ|I1i ari[θ|I1i NNP work_27j75zbdvbduhd2fxzmr2pewhy 293 27 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 293 28 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 293 29 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 293 30 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 293 31 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 293 32 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 293 33 + + NNS work_27j75zbdvbduhd2fxzmr2pewhy 293 34 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 293 35 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 293 36 estimate estimate NN work_27j75zbdvbduhd2fxzmr2pewhy 293 37 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 293 38 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 293 39 variance variance NN work_27j75zbdvbduhd2fxzmr2pewhy 293 40 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 293 41 independent independent JJ work_27j75zbdvbduhd2fxzmr2pewhy 293 42 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 293 43 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 293 44 realization realization NN work_27j75zbdvbduhd2fxzmr2pewhy 293 45 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 293 46 signals signal NNS work_27j75zbdvbduhd2fxzmr2pewhy 293 47 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 293 48 thus thus RB work_27j75zbdvbduhd2fxzmr2pewhy 293 49 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 293 50 same same JJ work_27j75zbdvbduhd2fxzmr2pewhy 293 51 across across IN work_27j75zbdvbduhd2fxzmr2pewhy 293 52 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 293 53 . . . work_27j75zbdvbduhd2fxzmr2pewhy 294 1 25 25 CD work_27j75zbdvbduhd2fxzmr2pewhy 294 2 Step step NN work_27j75zbdvbduhd2fxzmr2pewhy 294 3 3 3 CD work_27j75zbdvbduhd2fxzmr2pewhy 294 4 : : : work_27j75zbdvbduhd2fxzmr2pewhy 294 5 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 294 6 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 294 7 structure structure NN work_27j75zbdvbduhd2fxzmr2pewhy 294 8 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 294 9 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 294 10 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 294 11 . . . work_27j75zbdvbduhd2fxzmr2pewhy 295 1 Assume assume NN work_27j75zbdvbduhd2fxzmr2pewhy 295 2 p2 p2 NN work_27j75zbdvbduhd2fxzmr2pewhy 295 3 = = -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 295 4 a2p1 a2p1 UH work_27j75zbdvbduhd2fxzmr2pewhy 295 5 + + NNS work_27j75zbdvbduhd2fxzmr2pewhy 295 6 b2z b2z PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 295 7 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 295 8 c2θ c2θ JJ work_27j75zbdvbduhd2fxzmr2pewhy 295 9 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 295 10 d2s2 d2s2 . work_27j75zbdvbduhd2fxzmr2pewhy 295 11 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 295 12 A-4 A-4 NNP work_27j75zbdvbduhd2fxzmr2pewhy 295 13 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 295 14 Given give VBN work_27j75zbdvbduhd2fxzmr2pewhy 295 15 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 295 16 assumption assumption NN work_27j75zbdvbduhd2fxzmr2pewhy 295 17 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 295 18 both both CC work_27j75zbdvbduhd2fxzmr2pewhy 295 19 z z NNP work_27j75zbdvbduhd2fxzmr2pewhy 295 20 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 295 21 p∗1 p∗1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 295 22 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 295 23 available available JJ work_27j75zbdvbduhd2fxzmr2pewhy 295 24 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 295 25 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 295 26 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 295 27 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 295 28 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 295 29 , , , work_27j75zbdvbduhd2fxzmr2pewhy 295 30 investor investor NN work_27j75zbdvbduhd2fxzmr2pewhy 295 31 i i PRP work_27j75zbdvbduhd2fxzmr2pewhy 295 32 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 295 33 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 295 34 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 295 35 starts start VBZ work_27j75zbdvbduhd2fxzmr2pewhy 295 36 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 295 37 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 295 38 prior prior NN work_27j75zbdvbduhd2fxzmr2pewhy 295 39 about about IN work_27j75zbdvbduhd2fxzmr2pewhy 295 40 θ θ NNP work_27j75zbdvbduhd2fxzmr2pewhy 295 41 , , , work_27j75zbdvbduhd2fxzmr2pewhy 295 42 αz+ρp∗ αz+ρp∗ NNP work_27j75zbdvbduhd2fxzmr2pewhy 295 43 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 295 44 α+ρ α+ρ XX work_27j75zbdvbduhd2fxzmr2pewhy 295 45 , , , work_27j75zbdvbduhd2fxzmr2pewhy 295 46 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 295 47 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 295 48 precision precision NN work_27j75zbdvbduhd2fxzmr2pewhy 295 49 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 295 50 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 295 51 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 295 52 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 295 53 . . . work_27j75zbdvbduhd2fxzmr2pewhy 296 1 Moreover moreover RB work_27j75zbdvbduhd2fxzmr2pewhy 296 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 296 3 she -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 296 4 also also RB work_27j75zbdvbduhd2fxzmr2pewhy 296 5 learns learn VBZ work_27j75zbdvbduhd2fxzmr2pewhy 296 6 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 296 7 p2 p2 NN work_27j75zbdvbduhd2fxzmr2pewhy 296 8 . . . work_27j75zbdvbduhd2fxzmr2pewhy 297 1 Given give VBN work_27j75zbdvbduhd2fxzmr2pewhy 297 2 her -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 297 3 knowledge knowledge NN work_27j75zbdvbduhd2fxzmr2pewhy 297 4 about about IN work_27j75zbdvbduhd2fxzmr2pewhy 297 5 z z NN work_27j75zbdvbduhd2fxzmr2pewhy 297 6 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 297 7 p∗1 p∗1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 297 8 , , , work_27j75zbdvbduhd2fxzmr2pewhy 297 9 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 297 10 independent independent JJ work_27j75zbdvbduhd2fxzmr2pewhy 297 11 signal signal NN work_27j75zbdvbduhd2fxzmr2pewhy 297 12 she -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 297 13 can can MD work_27j75zbdvbduhd2fxzmr2pewhy 297 14 extract extract VB work_27j75zbdvbduhd2fxzmr2pewhy 297 15 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 297 16 p2 p2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 297 17 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 297 18 p p NN work_27j75zbdvbduhd2fxzmr2pewhy 297 19 ∗ ∗ NNP work_27j75zbdvbduhd2fxzmr2pewhy 297 20 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 297 21 , , , work_27j75zbdvbduhd2fxzmr2pewhy 297 22 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 297 23 precision precision NN work_27j75zbdvbduhd2fxzmr2pewhy 297 24 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 297 25 . . . work_27j75zbdvbduhd2fxzmr2pewhy 298 1 p∗2 p∗2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 298 2 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 298 3 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 298 4 c2 c2 NN work_27j75zbdvbduhd2fxzmr2pewhy 298 5 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 298 6 p2 p2 VB work_27j75zbdvbduhd2fxzmr2pewhy 298 7 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 298 8 a2p1 a2p1 : work_27j75zbdvbduhd2fxzmr2pewhy 298 9 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 298 10 b2z b2z NNP work_27j75zbdvbduhd2fxzmr2pewhy 298 11 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 298 12 = = NFP work_27j75zbdvbduhd2fxzmr2pewhy 298 13 θ θ NNP work_27j75zbdvbduhd2fxzmr2pewhy 298 14 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 298 15 d2 d2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 298 16 c2 c2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 298 17 s2 s2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 298 18 ρ2 ρ2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 298 19 = = NFP work_27j75zbdvbduhd2fxzmr2pewhy 298 20 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 298 21 c2 c2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 298 22 d2 d2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 298 23 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 298 24 2γ2 2γ2 CD work_27j75zbdvbduhd2fxzmr2pewhy 298 25 Thus thus RB work_27j75zbdvbduhd2fxzmr2pewhy 298 26 her -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 298 27 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 298 28 set set NN work_27j75zbdvbduhd2fxzmr2pewhy 298 29 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 298 30 I2i i2i CD work_27j75zbdvbduhd2fxzmr2pewhy 298 31 = = NFP work_27j75zbdvbduhd2fxzmr2pewhy 298 32 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 298 33 p p NN work_27j75zbdvbduhd2fxzmr2pewhy 298 34 ∗ ∗ NNP work_27j75zbdvbduhd2fxzmr2pewhy 298 35 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 298 36 , , , work_27j75zbdvbduhd2fxzmr2pewhy 298 37 z z NN work_27j75zbdvbduhd2fxzmr2pewhy 298 38 , , , work_27j75zbdvbduhd2fxzmr2pewhy 298 39 p p NN work_27j75zbdvbduhd2fxzmr2pewhy 298 40 ∗ ∗ NNP work_27j75zbdvbduhd2fxzmr2pewhy 298 41 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 298 42 , , , work_27j75zbdvbduhd2fxzmr2pewhy 298 43 x2i x2i NNP work_27j75zbdvbduhd2fxzmr2pewhy 298 44 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 298 45 . . . work_27j75zbdvbduhd2fxzmr2pewhy 299 1 Conditional conditional JJ work_27j75zbdvbduhd2fxzmr2pewhy 299 2 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 299 3 I2i i2i CD work_27j75zbdvbduhd2fxzmr2pewhy 299 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 299 5 she -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 299 6 forms form VBZ work_27j75zbdvbduhd2fxzmr2pewhy 299 7 her -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 299 8 belief belief NN work_27j75zbdvbduhd2fxzmr2pewhy 299 9 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 299 10 θ θ NNP work_27j75zbdvbduhd2fxzmr2pewhy 299 11 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 299 12 follows follow VBZ work_27j75zbdvbduhd2fxzmr2pewhy 299 13 : : : work_27j75zbdvbduhd2fxzmr2pewhy 299 14 Ei[θ|I2i ei[θ|i2i ADD work_27j75zbdvbduhd2fxzmr2pewhy 299 15 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 299 16 = = NFP work_27j75zbdvbduhd2fxzmr2pewhy 299 17 αz αz XX work_27j75zbdvbduhd2fxzmr2pewhy 299 18 + + NNP work_27j75zbdvbduhd2fxzmr2pewhy 299 19 ρp∗1 ρp∗1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 299 20 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 299 21 βx2i βx2i NN work_27j75zbdvbduhd2fxzmr2pewhy 299 22 + + NNS work_27j75zbdvbduhd2fxzmr2pewhy 299 23 ρ2p ρ2p NN work_27j75zbdvbduhd2fxzmr2pewhy 299 24 ∗ ∗ NNP work_27j75zbdvbduhd2fxzmr2pewhy 299 25 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 299 26 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 299 27 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 299 28 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 299 29 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 299 30 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 299 31 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 299 32 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 299 33 V V NNP work_27j75zbdvbduhd2fxzmr2pewhy 299 34 ari[θ|I2i ari[θ|I2i NNP work_27j75zbdvbduhd2fxzmr2pewhy 299 35 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 299 36 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 299 37 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 299 38 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 299 39 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 299 40 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 299 41 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 299 42 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 299 43 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 299 44 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 299 45 Again again RB work_27j75zbdvbduhd2fxzmr2pewhy 299 46 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 299 47 estimate estimate NN work_27j75zbdvbduhd2fxzmr2pewhy 299 48 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 299 49 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 299 50 variance variance NN work_27j75zbdvbduhd2fxzmr2pewhy 299 51 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 299 52 independent independent JJ work_27j75zbdvbduhd2fxzmr2pewhy 299 53 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 299 54 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 299 55 realization realization NN work_27j75zbdvbduhd2fxzmr2pewhy 299 56 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 299 57 individual individual JJ work_27j75zbdvbduhd2fxzmr2pewhy 299 58 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 299 59 ’ ’ POS work_27j75zbdvbduhd2fxzmr2pewhy 299 60 private private JJ work_27j75zbdvbduhd2fxzmr2pewhy 299 61 signals signal NNS work_27j75zbdvbduhd2fxzmr2pewhy 299 62 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 299 63 thus thus RB work_27j75zbdvbduhd2fxzmr2pewhy 299 64 identical identical JJ work_27j75zbdvbduhd2fxzmr2pewhy 299 65 across across IN work_27j75zbdvbduhd2fxzmr2pewhy 299 66 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 299 67 . . . work_27j75zbdvbduhd2fxzmr2pewhy 300 1 Step step NN work_27j75zbdvbduhd2fxzmr2pewhy 300 2 4 4 CD work_27j75zbdvbduhd2fxzmr2pewhy 300 3 : : : work_27j75zbdvbduhd2fxzmr2pewhy 300 4 Solve solve VB work_27j75zbdvbduhd2fxzmr2pewhy 300 5 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 300 6 p2 p2 NN work_27j75zbdvbduhd2fxzmr2pewhy 300 7 . . . work_27j75zbdvbduhd2fxzmr2pewhy 301 1 26 26 CD work_27j75zbdvbduhd2fxzmr2pewhy 301 2 According accord VBG work_27j75zbdvbduhd2fxzmr2pewhy 301 3 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 301 4 equation equation NN work_27j75zbdvbduhd2fxzmr2pewhy 301 5 3 3 CD work_27j75zbdvbduhd2fxzmr2pewhy 301 6 , , , work_27j75zbdvbduhd2fxzmr2pewhy 301 7 investor investor NN work_27j75zbdvbduhd2fxzmr2pewhy 301 8 i i PRP work_27j75zbdvbduhd2fxzmr2pewhy 301 9 ’s ’ VBG work_27j75zbdvbduhd2fxzmr2pewhy 301 10 demand demand VBP work_27j75zbdvbduhd2fxzmr2pewhy 301 11 conditional conditional JJ work_27j75zbdvbduhd2fxzmr2pewhy 301 12 on on IN work_27j75zbdvbduhd2fxzmr2pewhy 301 13 I2i i2i CD work_27j75zbdvbduhd2fxzmr2pewhy 301 14 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 301 15 D2i d2i NN work_27j75zbdvbduhd2fxzmr2pewhy 301 16 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 301 17 τ τ FW work_27j75zbdvbduhd2fxzmr2pewhy 301 18 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 301 19 Ei[θ|I2i ei[θ|i2i ADD work_27j75zbdvbduhd2fxzmr2pewhy 301 20 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 301 21 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 301 22 p2 p2 NN work_27j75zbdvbduhd2fxzmr2pewhy 301 23 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 301 24 V V NNP work_27j75zbdvbduhd2fxzmr2pewhy 301 25 ari[θ|I2i ari[θ|I2i NNP work_27j75zbdvbduhd2fxzmr2pewhy 301 26 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 301 27 = = NFP work_27j75zbdvbduhd2fxzmr2pewhy 301 28 τ τ LS work_27j75zbdvbduhd2fxzmr2pewhy 301 29 [ [ -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 301 30 αz αz NNP work_27j75zbdvbduhd2fxzmr2pewhy 301 31 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 301 32 ρp∗1 ρp∗1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 301 33 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 301 34 βx2i βx2i NN work_27j75zbdvbduhd2fxzmr2pewhy 301 35 + + NNS work_27j75zbdvbduhd2fxzmr2pewhy 301 36 ρ2p ρ2p JJ work_27j75zbdvbduhd2fxzmr2pewhy 301 37 ∗ ∗ NNP work_27j75zbdvbduhd2fxzmr2pewhy 301 38 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 301 39 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 301 40 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 301 41 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 301 42 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 301 43 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 301 44 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 301 45 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 301 46 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 301 47 ρ2)p2 ρ2)p2 NN work_27j75zbdvbduhd2fxzmr2pewhy 301 48 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 301 49 = = NN work_27j75zbdvbduhd2fxzmr2pewhy 301 50 τ τ LS work_27j75zbdvbduhd2fxzmr2pewhy 301 51 [ [ -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 301 52 αz αz NNP work_27j75zbdvbduhd2fxzmr2pewhy 301 53 + + NNP work_27j75zbdvbduhd2fxzmr2pewhy 301 54 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 301 55 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 301 56 c c NN work_27j75zbdvbduhd2fxzmr2pewhy 301 57 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 301 58 p1 p1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 301 59 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 301 60 bz bz IN work_27j75zbdvbduhd2fxzmr2pewhy 301 61 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 301 62 + + NFP work_27j75zbdvbduhd2fxzmr2pewhy 301 63 βx2i βx2i NN work_27j75zbdvbduhd2fxzmr2pewhy 301 64 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 301 65 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 301 66 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 301 67 c2 c2 NN work_27j75zbdvbduhd2fxzmr2pewhy 301 68 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 301 69 p2 p2 VB work_27j75zbdvbduhd2fxzmr2pewhy 301 70 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 301 71 a2p1 a2p1 : work_27j75zbdvbduhd2fxzmr2pewhy 301 72 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 301 73 b2z b2z NNP work_27j75zbdvbduhd2fxzmr2pewhy 301 74 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 301 75 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 301 76 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 301 77 α α NNP work_27j75zbdvbduhd2fxzmr2pewhy 301 78 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 301 79 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 301 80 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 301 81 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 301 82 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 301 83 ρ2)p2 ρ2)p2 NN work_27j75zbdvbduhd2fxzmr2pewhy 301 84 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 301 85 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 301 86 τ τ LS work_27j75zbdvbduhd2fxzmr2pewhy 301 87 [ [ -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 301 88 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 301 89 α α DT work_27j75zbdvbduhd2fxzmr2pewhy 301 90 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 301 91 b b NNP work_27j75zbdvbduhd2fxzmr2pewhy 301 92 c c NNP work_27j75zbdvbduhd2fxzmr2pewhy 301 93 ρ ρ NNP work_27j75zbdvbduhd2fxzmr2pewhy 301 94 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 301 95 b2 b2 NN work_27j75zbdvbduhd2fxzmr2pewhy 301 96 c2 c2 NN work_27j75zbdvbduhd2fxzmr2pewhy 301 97 ρ2)z ρ2)z NN work_27j75zbdvbduhd2fxzmr2pewhy 301 98 + + NFP work_27j75zbdvbduhd2fxzmr2pewhy 301 99 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 301 100 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 301 101 c c NN work_27j75zbdvbduhd2fxzmr2pewhy 301 102 ρ ρ IN work_27j75zbdvbduhd2fxzmr2pewhy 301 103 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 301 104 a2 a2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 301 105 c2 c2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 301 106 ρ2)p1 ρ2)p1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 301 107 + + NNP work_27j75zbdvbduhd2fxzmr2pewhy 301 108 βx2i βx2i NNP work_27j75zbdvbduhd2fxzmr2pewhy 301 109 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 301 110 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 301 111 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 301 112 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 301 113 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 301 114 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 301 115 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 301 116 + + NNS work_27j75zbdvbduhd2fxzmr2pewhy 301 117 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 301 118 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 301 119 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 301 120 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 301 121 c2 c2 NN work_27j75zbdvbduhd2fxzmr2pewhy 301 122 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 301 123 ρ2)p2 ρ2)p2 NN work_27j75zbdvbduhd2fxzmr2pewhy 301 124 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 301 125 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 301 126 A-5 A-5 NNP work_27j75zbdvbduhd2fxzmr2pewhy 301 127 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 301 128 p2 p2 NN work_27j75zbdvbduhd2fxzmr2pewhy 301 129 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 301 130 determined determine VBN work_27j75zbdvbduhd2fxzmr2pewhy 301 131 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 301 132 aggregating aggregate VBG work_27j75zbdvbduhd2fxzmr2pewhy 301 133 individual individual JJ work_27j75zbdvbduhd2fxzmr2pewhy 301 134 investors investor NNS work_27j75zbdvbduhd2fxzmr2pewhy 301 135 ’ ’ POS work_27j75zbdvbduhd2fxzmr2pewhy 301 136 demands demand NNS work_27j75zbdvbduhd2fxzmr2pewhy 301 137 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 301 138 equating equate VBG work_27j75zbdvbduhd2fxzmr2pewhy 301 139 it -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 301 140 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 301 141 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 301 142 aggregate aggregate JJ work_27j75zbdvbduhd2fxzmr2pewhy 301 143 supply supply NN work_27j75zbdvbduhd2fxzmr2pewhy 301 144 . . . work_27j75zbdvbduhd2fxzmr2pewhy 302 1 p2 p2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 302 2 = = NFP work_27j75zbdvbduhd2fxzmr2pewhy 302 3 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 302 4 α α DT work_27j75zbdvbduhd2fxzmr2pewhy 302 5 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 302 6 b b NNP work_27j75zbdvbduhd2fxzmr2pewhy 302 7 c c NNP work_27j75zbdvbduhd2fxzmr2pewhy 302 8 ρ ρ NNP work_27j75zbdvbduhd2fxzmr2pewhy 302 9 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 302 10 b2 b2 NN work_27j75zbdvbduhd2fxzmr2pewhy 302 11 c2 c2 NN work_27j75zbdvbduhd2fxzmr2pewhy 302 12 ρ2)z ρ2)z NN work_27j75zbdvbduhd2fxzmr2pewhy 302 13 + + NFP work_27j75zbdvbduhd2fxzmr2pewhy 302 14 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 302 15 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 302 16 c c NN work_27j75zbdvbduhd2fxzmr2pewhy 302 17 ρ ρ IN work_27j75zbdvbduhd2fxzmr2pewhy 302 18 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 302 19 a2 a2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 302 20 c2 c2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 302 21 ρ2)p1 ρ2)p1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 302 22 + + NNP work_27j75zbdvbduhd2fxzmr2pewhy 302 23 βx2i βx2i NNP work_27j75zbdvbduhd2fxzmr2pewhy 302 24 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 302 25 s2 s2 NN work_27j75zbdvbduhd2fxzmr2pewhy 302 26 τ τ NN work_27j75zbdvbduhd2fxzmr2pewhy 302 27 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 302 28 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 302 29 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 302 30 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 302 31 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 302 32 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 302 33 + + NNS work_27j75zbdvbduhd2fxzmr2pewhy 302 34 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 302 35 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 302 36 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 302 37 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 302 38 c2 c2 NN work_27j75zbdvbduhd2fxzmr2pewhy 302 39 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 302 40 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 302 41 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 302 42 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 302 43 A-6 A-6 NNP work_27j75zbdvbduhd2fxzmr2pewhy 302 44 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 302 45 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 302 46 coefficients coefficient NNS work_27j75zbdvbduhd2fxzmr2pewhy 302 47 array array VBP work_27j75zbdvbduhd2fxzmr2pewhy 302 48 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 302 49 a2 a2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 302 50 , , , work_27j75zbdvbduhd2fxzmr2pewhy 302 51 b2 b2 NN work_27j75zbdvbduhd2fxzmr2pewhy 302 52 , , , work_27j75zbdvbduhd2fxzmr2pewhy 302 53 c2 c2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 302 54 , , , work_27j75zbdvbduhd2fxzmr2pewhy 302 55 d2 d2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 302 56 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 302 57 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 302 58 determined determine VBN work_27j75zbdvbduhd2fxzmr2pewhy 302 59 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 302 60 comparing compare VBG work_27j75zbdvbduhd2fxzmr2pewhy 302 61 coefficients coefficient NNS work_27j75zbdvbduhd2fxzmr2pewhy 302 62 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 302 63 equation equation NN work_27j75zbdvbduhd2fxzmr2pewhy 302 64 A-6 A-6 NNP work_27j75zbdvbduhd2fxzmr2pewhy 302 65 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 302 66 those those DT work_27j75zbdvbduhd2fxzmr2pewhy 302 67 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 302 68 equation equation NN work_27j75zbdvbduhd2fxzmr2pewhy 302 69 A-4 A-4 NNP work_27j75zbdvbduhd2fxzmr2pewhy 302 70 . . . work_27j75zbdvbduhd2fxzmr2pewhy 303 1 a2 a2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 303 2 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 303 3 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 303 4 c c NN work_27j75zbdvbduhd2fxzmr2pewhy 303 5 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 303 6 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 303 7 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 303 8 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 303 9 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 303 10 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 303 11 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 303 12 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 303 13 , , , work_27j75zbdvbduhd2fxzmr2pewhy 303 14 b2 b2 NN work_27j75zbdvbduhd2fxzmr2pewhy 303 15 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 303 16 α α NNP work_27j75zbdvbduhd2fxzmr2pewhy 303 17 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 303 18 b b NNP work_27j75zbdvbduhd2fxzmr2pewhy 303 19 c c NNP work_27j75zbdvbduhd2fxzmr2pewhy 303 20 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 303 21 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 303 22 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 303 23 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 303 24 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 303 25 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 303 26 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 303 27 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 303 28 , , , work_27j75zbdvbduhd2fxzmr2pewhy 303 29 c2 c2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 303 30 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 303 31 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 303 32 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 303 33 ρ2 ρ2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 303 34 α α CD work_27j75zbdvbduhd2fxzmr2pewhy 303 35 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 303 36 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 303 37 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 303 38 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 303 39 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 303 40 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 303 41 , , , work_27j75zbdvbduhd2fxzmr2pewhy 303 42 d2 d2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 303 43 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 303 44 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 303 45 βτ βτ NN work_27j75zbdvbduhd2fxzmr2pewhy 303 46 c2 c2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 303 47 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 303 48 A-7 A-7 NNP work_27j75zbdvbduhd2fxzmr2pewhy 303 49 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 303 50 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 303 51 ρ2 ρ2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 303 52 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 303 53 β β NNP work_27j75zbdvbduhd2fxzmr2pewhy 303 54 2τ 2τ NN work_27j75zbdvbduhd2fxzmr2pewhy 303 55 2γ2 2γ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 303 56 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 303 57 A-8 A-8 NNP work_27j75zbdvbduhd2fxzmr2pewhy 303 58 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 303 59 Step step NN work_27j75zbdvbduhd2fxzmr2pewhy 303 60 5 5 CD work_27j75zbdvbduhd2fxzmr2pewhy 303 61 : : : work_27j75zbdvbduhd2fxzmr2pewhy 303 62 Solve solve VB work_27j75zbdvbduhd2fxzmr2pewhy 303 63 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 303 64 p1 p1 NN work_27j75zbdvbduhd2fxzmr2pewhy 303 65 . . . work_27j75zbdvbduhd2fxzmr2pewhy 304 1 Investor investor NN work_27j75zbdvbduhd2fxzmr2pewhy 304 2 i i PRP work_27j75zbdvbduhd2fxzmr2pewhy 304 3 who who WP work_27j75zbdvbduhd2fxzmr2pewhy 304 4 purchases purchase VBZ work_27j75zbdvbduhd2fxzmr2pewhy 304 5 stocks stock NNS work_27j75zbdvbduhd2fxzmr2pewhy 304 6 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 304 7 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 304 8 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 304 9 does do VBZ work_27j75zbdvbduhd2fxzmr2pewhy 304 10 not not RB work_27j75zbdvbduhd2fxzmr2pewhy 304 11 hold hold VB work_27j75zbdvbduhd2fxzmr2pewhy 304 12 them -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 304 13 until until IN work_27j75zbdvbduhd2fxzmr2pewhy 304 14 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 304 15 firm firm NN work_27j75zbdvbduhd2fxzmr2pewhy 304 16 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 304 17 liquidated liquidate VBN work_27j75zbdvbduhd2fxzmr2pewhy 304 18 ; ; : work_27j75zbdvbduhd2fxzmr2pewhy 304 19 instead instead RB work_27j75zbdvbduhd2fxzmr2pewhy 304 20 , , , work_27j75zbdvbduhd2fxzmr2pewhy 304 21 she -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 304 22 resells resell VBZ work_27j75zbdvbduhd2fxzmr2pewhy 304 23 them -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 304 24 at at IN work_27j75zbdvbduhd2fxzmr2pewhy 304 25 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 304 26 price price NN work_27j75zbdvbduhd2fxzmr2pewhy 304 27 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 304 28 p2 p2 NN work_27j75zbdvbduhd2fxzmr2pewhy 304 29 . . . work_27j75zbdvbduhd2fxzmr2pewhy 305 1 Her -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 305 2 demand demand NN work_27j75zbdvbduhd2fxzmr2pewhy 305 3 , , , work_27j75zbdvbduhd2fxzmr2pewhy 305 4 according accord VBG work_27j75zbdvbduhd2fxzmr2pewhy 305 5 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 305 6 equation equation NN work_27j75zbdvbduhd2fxzmr2pewhy 305 7 3 3 CD work_27j75zbdvbduhd2fxzmr2pewhy 305 8 , , , work_27j75zbdvbduhd2fxzmr2pewhy 305 9 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 305 10 shaped shape VBN work_27j75zbdvbduhd2fxzmr2pewhy 305 11 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 305 12 her -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 305 13 expectation expectation NN work_27j75zbdvbduhd2fxzmr2pewhy 305 14 about about IN work_27j75zbdvbduhd2fxzmr2pewhy 305 15 p2 p2 NN work_27j75zbdvbduhd2fxzmr2pewhy 305 16 , , , work_27j75zbdvbduhd2fxzmr2pewhy 305 17 which which WDT work_27j75zbdvbduhd2fxzmr2pewhy 305 18 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 305 19 different different JJ work_27j75zbdvbduhd2fxzmr2pewhy 305 20 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 305 21 her -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 305 22 expectation expectation NN work_27j75zbdvbduhd2fxzmr2pewhy 305 23 about about IN work_27j75zbdvbduhd2fxzmr2pewhy 305 24 θ θ NNP work_27j75zbdvbduhd2fxzmr2pewhy 305 25 . . . work_27j75zbdvbduhd2fxzmr2pewhy 306 1 In in IN work_27j75zbdvbduhd2fxzmr2pewhy 306 2 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 306 3 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 306 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 306 5 investor investor NN work_27j75zbdvbduhd2fxzmr2pewhy 306 6 i i PRP work_27j75zbdvbduhd2fxzmr2pewhy 306 7 ’s ’s VBP work_27j75zbdvbduhd2fxzmr2pewhy 306 8 belief belief NN work_27j75zbdvbduhd2fxzmr2pewhy 306 9 about about IN work_27j75zbdvbduhd2fxzmr2pewhy 306 10 p2 p2 NN work_27j75zbdvbduhd2fxzmr2pewhy 306 11 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 306 12 characterized characterize VBN work_27j75zbdvbduhd2fxzmr2pewhy 306 13 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 306 14 Ei[p2|I1i Ei[p2|I1i NNP work_27j75zbdvbduhd2fxzmr2pewhy 306 15 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 306 16 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 306 17 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 306 18 c c NN work_27j75zbdvbduhd2fxzmr2pewhy 306 19 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 306 20 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 306 21 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 22 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 306 23 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 24 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 306 25 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 306 26 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 306 27 p1 p1 NN work_27j75zbdvbduhd2fxzmr2pewhy 306 28 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 29 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 306 30 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 306 31 b b NNP work_27j75zbdvbduhd2fxzmr2pewhy 306 32 c c NNP work_27j75zbdvbduhd2fxzmr2pewhy 306 33 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 306 34 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 306 35 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 36 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 306 37 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 38 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 306 39 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 40 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 306 41 z z NN work_27j75zbdvbduhd2fxzmr2pewhy 306 42 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 43 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 306 44 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 45 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 306 46 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 306 47 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 48 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 306 49 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 50 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 306 51 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 52 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 306 53 Ei[θ|I1i Ei[θ|I1i NNP work_27j75zbdvbduhd2fxzmr2pewhy 306 54 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 306 55 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 306 56 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 306 57 c c NN work_27j75zbdvbduhd2fxzmr2pewhy 306 58 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 306 59 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 306 60 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 61 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 306 62 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 63 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 306 64 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 306 65 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 306 66 p1 p1 NN work_27j75zbdvbduhd2fxzmr2pewhy 306 67 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 68 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 306 69 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 306 70 b b NNP work_27j75zbdvbduhd2fxzmr2pewhy 306 71 c c NNP work_27j75zbdvbduhd2fxzmr2pewhy 306 72 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 306 73 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 306 74 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 75 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 306 76 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 77 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 306 78 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 79 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 306 80 z z NN work_27j75zbdvbduhd2fxzmr2pewhy 306 81 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 82 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 306 83 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 84 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 306 85 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 306 86 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 87 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 306 88 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 89 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 306 90 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 91 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 306 92 αz αz IN work_27j75zbdvbduhd2fxzmr2pewhy 306 93 + + NFP work_27j75zbdvbduhd2fxzmr2pewhy 306 94 ρp∗1 ρp∗1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 306 95 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 306 96 βx1i βx1i NNP work_27j75zbdvbduhd2fxzmr2pewhy 306 97 α α XX work_27j75zbdvbduhd2fxzmr2pewhy 306 98 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 99 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 306 100 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 101 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 306 102 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 306 103 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 306 104 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 306 105 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 106 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 306 107 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 108 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 306 109 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 110 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 306 111 [ [ -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 306 112 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 306 113 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 306 114 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 306 115 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 306 116 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 117 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 306 118 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 306 119 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 120 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 306 121 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 306 122 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 306 123 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 306 124 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 306 125 α α DT work_27j75zbdvbduhd2fxzmr2pewhy 306 126 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 306 127 b b NNP work_27j75zbdvbduhd2fxzmr2pewhy 306 128 c c NNP work_27j75zbdvbduhd2fxzmr2pewhy 306 129 ρ)z ρ)z NN work_27j75zbdvbduhd2fxzmr2pewhy 306 130 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 306 131 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 306 132 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 133 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 306 134 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 306 135 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 136 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 306 137 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 138 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 306 139 βx1i βx1i XX work_27j75zbdvbduhd2fxzmr2pewhy 306 140 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 306 141 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 306 142 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 306 143 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 306 144 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 306 145 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 146 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 306 147 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 306 148 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 149 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 306 150 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 151 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 306 152 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 306 153 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 306 154 c c NN work_27j75zbdvbduhd2fxzmr2pewhy 306 155 ρp1 ρp1 NN work_27j75zbdvbduhd2fxzmr2pewhy 306 156 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 306 157 27 27 CD work_27j75zbdvbduhd2fxzmr2pewhy 306 158 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 306 159 V V NNP work_27j75zbdvbduhd2fxzmr2pewhy 306 160 ari[p2|I1i ari[p2|I1i NNP work_27j75zbdvbduhd2fxzmr2pewhy 306 161 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 306 162 = = NFP work_27j75zbdvbduhd2fxzmr2pewhy 306 163 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 306 164 β β NNP work_27j75zbdvbduhd2fxzmr2pewhy 306 165 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 306 166 ρ2 ρ2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 306 167 α α CD work_27j75zbdvbduhd2fxzmr2pewhy 306 168 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 169 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 306 170 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 171 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 306 172 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 306 173 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 306 174 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 306 175 2V 2V NNP work_27j75zbdvbduhd2fxzmr2pewhy 306 176 ari[θ|I1i ari[θ|i1i FW work_27j75zbdvbduhd2fxzmr2pewhy 306 177 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 306 178 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 179 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 306 180 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 306 181 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 306 182 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 306 183 α α CD work_27j75zbdvbduhd2fxzmr2pewhy 306 184 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 185 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 306 186 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 187 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 306 188 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 306 189 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 306 190 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 306 191 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 306 192 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 306 193 β2τ β2τ CD work_27j75zbdvbduhd2fxzmr2pewhy 306 194 2γ2 2γ2 CD work_27j75zbdvbduhd2fxzmr2pewhy 306 195 = = NFP work_27j75zbdvbduhd2fxzmr2pewhy 306 196 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 306 197 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 306 198 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 306 199 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 306 200 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 306 201 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 306 202 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 306 203 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 306 204 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 205 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 306 206 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 207 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 306 208 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 306 209 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 306 210 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 306 211 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 306 212 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 306 213 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 306 214 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 306 215 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 306 216 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 306 217 β)ρ2 β)ρ2 XX work_27j75zbdvbduhd2fxzmr2pewhy 306 218 Her -PRON- PRP$ work_27j75zbdvbduhd2fxzmr2pewhy 306 219 demand demand NN work_27j75zbdvbduhd2fxzmr2pewhy 306 220 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 306 221 Di Di NNP work_27j75zbdvbduhd2fxzmr2pewhy 306 222 . . . work_27j75zbdvbduhd2fxzmr2pewhy 307 1 Di Di NNP work_27j75zbdvbduhd2fxzmr2pewhy 307 2 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 307 3 τ τ FW work_27j75zbdvbduhd2fxzmr2pewhy 307 4 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 307 5 Ei[p2|I1i Ei[p2|I1i NNP work_27j75zbdvbduhd2fxzmr2pewhy 307 6 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 307 7 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 307 8 p1 p1 NN work_27j75zbdvbduhd2fxzmr2pewhy 307 9 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 307 10 V V NNP work_27j75zbdvbduhd2fxzmr2pewhy 307 11 ari[p2|I1i ari[p2|I1i NNP work_27j75zbdvbduhd2fxzmr2pewhy 307 12 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 307 13 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 307 14 τ τ LS work_27j75zbdvbduhd2fxzmr2pewhy 307 15 [ [ -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 307 16 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 307 17 α+ρ+β+ρ2 α+ρ+β+ρ2 XX work_27j75zbdvbduhd2fxzmr2pewhy 307 18 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 307 19 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 307 20 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 307 21 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 307 22 β+ρ2 β+ρ2 XX work_27j75zbdvbduhd2fxzmr2pewhy 307 23 α+ρ+β α+ρ+β XX work_27j75zbdvbduhd2fxzmr2pewhy 307 24 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 307 25 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 307 26 α α DT work_27j75zbdvbduhd2fxzmr2pewhy 307 27 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 307 28 b b NNP work_27j75zbdvbduhd2fxzmr2pewhy 307 29 c c NNP work_27j75zbdvbduhd2fxzmr2pewhy 307 30 ρ)z ρ)z NN work_27j75zbdvbduhd2fxzmr2pewhy 307 31 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 307 32 β+ρ2 β+ρ2 XX work_27j75zbdvbduhd2fxzmr2pewhy 307 33 α+ρ+β α+ρ+β XX work_27j75zbdvbduhd2fxzmr2pewhy 307 34 βx1i βx1i XX work_27j75zbdvbduhd2fxzmr2pewhy 307 35 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 307 36 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 307 37 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 307 38 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 307 39 β+ρ2 β+ρ2 XX work_27j75zbdvbduhd2fxzmr2pewhy 307 40 α+ρ+β α+ρ+β NN work_27j75zbdvbduhd2fxzmr2pewhy 307 41 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 307 42 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 307 43 c c NN work_27j75zbdvbduhd2fxzmr2pewhy 307 44 ρp1 ρp1 NN work_27j75zbdvbduhd2fxzmr2pewhy 307 45 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 307 46 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 307 47 p1 p1 NN work_27j75zbdvbduhd2fxzmr2pewhy 307 48 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 307 49 V V NNP work_27j75zbdvbduhd2fxzmr2pewhy 307 50 ari[p2|I1i ari[p2|I1i NNP work_27j75zbdvbduhd2fxzmr2pewhy 307 51 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 307 52 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 307 53 τ τ LS work_27j75zbdvbduhd2fxzmr2pewhy 307 54 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 307 55 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 307 56 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 307 57 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 307 58 [ [ -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 307 59 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 307 60 α α DT work_27j75zbdvbduhd2fxzmr2pewhy 307 61 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 307 62 b b NNP work_27j75zbdvbduhd2fxzmr2pewhy 307 63 c c NNP work_27j75zbdvbduhd2fxzmr2pewhy 307 64 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 307 65 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 307 66 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 307 67 M m NN work_27j75zbdvbduhd2fxzmr2pewhy 307 68 z z NN work_27j75zbdvbduhd2fxzmr2pewhy 307 69 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 307 70 βx1i βx1i NNP work_27j75zbdvbduhd2fxzmr2pewhy 307 71 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 307 72 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 307 73 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 307 74 α α DT work_27j75zbdvbduhd2fxzmr2pewhy 307 75 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 307 76 b b NNP work_27j75zbdvbduhd2fxzmr2pewhy 307 77 c c NNP work_27j75zbdvbduhd2fxzmr2pewhy 307 78 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 307 79 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 307 80 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 307 81 M m NN work_27j75zbdvbduhd2fxzmr2pewhy 307 82 + + CD work_27j75zbdvbduhd2fxzmr2pewhy 307 83 β)p1 β)p1 NFP work_27j75zbdvbduhd2fxzmr2pewhy 307 84 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 307 85 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 307 86 A-9 A-9 NNP work_27j75zbdvbduhd2fxzmr2pewhy 307 87 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 307 88 where where WRB work_27j75zbdvbduhd2fxzmr2pewhy 307 89 M M NNP work_27j75zbdvbduhd2fxzmr2pewhy 307 90 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 307 91 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 307 92 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 307 93 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 307 94 α+ρ+β α+ρ+β XX work_27j75zbdvbduhd2fxzmr2pewhy 307 95 β+ρ2 β+ρ2 XX work_27j75zbdvbduhd2fxzmr2pewhy 307 96 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 307 97 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 307 98 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 307 99 ρ2 ρ2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 307 100 α α CD work_27j75zbdvbduhd2fxzmr2pewhy 307 101 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 307 102 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 307 103 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 307 104 2β 2β CD work_27j75zbdvbduhd2fxzmr2pewhy 307 105 + + CD work_27j75zbdvbduhd2fxzmr2pewhy 307 106 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 307 107 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 307 108 A-10 a-10 CD work_27j75zbdvbduhd2fxzmr2pewhy 307 109 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 307 110 p1 p1 NN work_27j75zbdvbduhd2fxzmr2pewhy 307 111 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 307 112 determined determine VBN work_27j75zbdvbduhd2fxzmr2pewhy 307 113 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 307 114 equating equate VBG work_27j75zbdvbduhd2fxzmr2pewhy 307 115 aggregate aggregate JJ work_27j75zbdvbduhd2fxzmr2pewhy 307 116 supply supply NN work_27j75zbdvbduhd2fxzmr2pewhy 307 117 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 307 118 aggregate aggregate JJ work_27j75zbdvbduhd2fxzmr2pewhy 307 119 demand demand NN work_27j75zbdvbduhd2fxzmr2pewhy 307 120 . . . work_27j75zbdvbduhd2fxzmr2pewhy 308 1 p1 p1 NN work_27j75zbdvbduhd2fxzmr2pewhy 308 2 = = NFP work_27j75zbdvbduhd2fxzmr2pewhy 308 3 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 308 4 α α DT work_27j75zbdvbduhd2fxzmr2pewhy 308 5 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 308 6 b b NNP work_27j75zbdvbduhd2fxzmr2pewhy 308 7 c c NNP work_27j75zbdvbduhd2fxzmr2pewhy 308 8 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 308 9 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 308 10 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 308 11 M m NN work_27j75zbdvbduhd2fxzmr2pewhy 308 12 z z NN work_27j75zbdvbduhd2fxzmr2pewhy 308 13 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 308 14 βθ βθ NNP work_27j75zbdvbduhd2fxzmr2pewhy 308 15 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 308 16 β+ρ2 β+ρ2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 308 17 τ τ LS work_27j75zbdvbduhd2fxzmr2pewhy 308 18 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 308 19 s1 s1 NN work_27j75zbdvbduhd2fxzmr2pewhy 308 20 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 308 21 α α NNP work_27j75zbdvbduhd2fxzmr2pewhy 308 22 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 308 23 b b NNP work_27j75zbdvbduhd2fxzmr2pewhy 308 24 c c NNP work_27j75zbdvbduhd2fxzmr2pewhy 308 25 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 308 26 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 308 27 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 308 28 M m NN work_27j75zbdvbduhd2fxzmr2pewhy 308 29 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 308 30 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 308 31 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 308 32 A-11 a-11 CD work_27j75zbdvbduhd2fxzmr2pewhy 308 33 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 308 34 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 308 35 coefficient coefficient NN work_27j75zbdvbduhd2fxzmr2pewhy 308 36 array array NN work_27j75zbdvbduhd2fxzmr2pewhy 308 37 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 308 38 b b NN work_27j75zbdvbduhd2fxzmr2pewhy 308 39 , , , work_27j75zbdvbduhd2fxzmr2pewhy 308 40 c c NN work_27j75zbdvbduhd2fxzmr2pewhy 308 41 , , , work_27j75zbdvbduhd2fxzmr2pewhy 308 42 d d NNP work_27j75zbdvbduhd2fxzmr2pewhy 308 43 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 308 44 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 308 45 determined determine VBN work_27j75zbdvbduhd2fxzmr2pewhy 308 46 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 308 47 comparing compare VBG work_27j75zbdvbduhd2fxzmr2pewhy 308 48 coefficients coefficient NNS work_27j75zbdvbduhd2fxzmr2pewhy 308 49 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 308 50 equations equation NNS work_27j75zbdvbduhd2fxzmr2pewhy 308 51 A-1 A-1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 308 52 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 308 53 A-11 a-11 CD work_27j75zbdvbduhd2fxzmr2pewhy 308 54 . . . work_27j75zbdvbduhd2fxzmr2pewhy 309 1 b b LS work_27j75zbdvbduhd2fxzmr2pewhy 309 2 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 309 3 α α NNP work_27j75zbdvbduhd2fxzmr2pewhy 309 4 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 309 5 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 309 6 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 309 7 + + NNP work_27j75zbdvbduhd2fxzmr2pewhy 309 8 βM βm NN work_27j75zbdvbduhd2fxzmr2pewhy 309 9 , , , work_27j75zbdvbduhd2fxzmr2pewhy 309 10 c c NN work_27j75zbdvbduhd2fxzmr2pewhy 309 11 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 309 12 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 309 13 + + NNP work_27j75zbdvbduhd2fxzmr2pewhy 309 14 βM βm NN work_27j75zbdvbduhd2fxzmr2pewhy 309 15 α α XX work_27j75zbdvbduhd2fxzmr2pewhy 309 16 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 309 17 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 309 18 + + NNP work_27j75zbdvbduhd2fxzmr2pewhy 309 19 βM βm NN work_27j75zbdvbduhd2fxzmr2pewhy 309 20 , , , work_27j75zbdvbduhd2fxzmr2pewhy 309 21 d d NNP work_27j75zbdvbduhd2fxzmr2pewhy 309 22 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 309 23 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 309 24 + + NNP work_27j75zbdvbduhd2fxzmr2pewhy 309 25 βM βm NN work_27j75zbdvbduhd2fxzmr2pewhy 309 26 α α XX work_27j75zbdvbduhd2fxzmr2pewhy 309 27 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 309 28 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 309 29 + + NN work_27j75zbdvbduhd2fxzmr2pewhy 309 30 βM βm NN work_27j75zbdvbduhd2fxzmr2pewhy 309 31 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 309 32 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 309 33 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 309 34 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 309 35 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 309 36 βτ βτ NN work_27j75zbdvbduhd2fxzmr2pewhy 309 37 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 309 38 A-12 a-12 CD work_27j75zbdvbduhd2fxzmr2pewhy 309 39 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 309 40 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 309 41 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 309 42 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 309 43 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 309 44 ρ2 ρ2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 309 45 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 309 46 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 309 47 ρ2 ρ2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 309 48 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 309 49 2β2τ 2β2τ NNP work_27j75zbdvbduhd2fxzmr2pewhy 309 50 2γ1 2γ1 CD work_27j75zbdvbduhd2fxzmr2pewhy 309 51 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 309 52 A-13 a-13 CD work_27j75zbdvbduhd2fxzmr2pewhy 309 53 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 309 54 So so IN work_27j75zbdvbduhd2fxzmr2pewhy 309 55 p1 p1 NN work_27j75zbdvbduhd2fxzmr2pewhy 309 56 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 309 57 solved solve VBN work_27j75zbdvbduhd2fxzmr2pewhy 309 58 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 309 59 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 309 60 plugging plug VBG work_27j75zbdvbduhd2fxzmr2pewhy 309 61 equation equation NN work_27j75zbdvbduhd2fxzmr2pewhy 309 62 A-12 a-12 CD work_27j75zbdvbduhd2fxzmr2pewhy 309 63 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 309 64 equation equation NN work_27j75zbdvbduhd2fxzmr2pewhy 309 65 A-1 A-1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 309 66 . . . work_27j75zbdvbduhd2fxzmr2pewhy 310 1 p1 p1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 310 2 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 310 3 α α NNP work_27j75zbdvbduhd2fxzmr2pewhy 310 4 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 310 5 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 310 6 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 310 7 + + NN work_27j75zbdvbduhd2fxzmr2pewhy 310 8 βM βm NN work_27j75zbdvbduhd2fxzmr2pewhy 310 9 z z NN work_27j75zbdvbduhd2fxzmr2pewhy 310 10 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 310 11 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 310 12 + + NN work_27j75zbdvbduhd2fxzmr2pewhy 310 13 βM βm NN work_27j75zbdvbduhd2fxzmr2pewhy 310 14 α α XX work_27j75zbdvbduhd2fxzmr2pewhy 310 15 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 310 16 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 310 17 + + NN work_27j75zbdvbduhd2fxzmr2pewhy 310 18 βM βm NN work_27j75zbdvbduhd2fxzmr2pewhy 310 19 θ θ NNP work_27j75zbdvbduhd2fxzmr2pewhy 310 20 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 310 21 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 310 22 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 310 23 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 310 24 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 310 25 ρ ρ IN work_27j75zbdvbduhd2fxzmr2pewhy 310 26 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 310 27 βM βm NN work_27j75zbdvbduhd2fxzmr2pewhy 310 28 α α XX work_27j75zbdvbduhd2fxzmr2pewhy 310 29 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 310 30 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 310 31 + + NN work_27j75zbdvbduhd2fxzmr2pewhy 310 32 βM βm NN work_27j75zbdvbduhd2fxzmr2pewhy 310 33 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 310 34 βτ βτ NN work_27j75zbdvbduhd2fxzmr2pewhy 310 35 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 310 36 A-14 a-14 CD work_27j75zbdvbduhd2fxzmr2pewhy 310 37 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 310 38 28 28 CD work_27j75zbdvbduhd2fxzmr2pewhy 310 39 p2 p2 NN work_27j75zbdvbduhd2fxzmr2pewhy 310 40 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 310 41 determined determine VBN work_27j75zbdvbduhd2fxzmr2pewhy 310 42 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 310 43 inserting insert VBG work_27j75zbdvbduhd2fxzmr2pewhy 310 44 equation equation NN work_27j75zbdvbduhd2fxzmr2pewhy 310 45 A-12 a-12 CD work_27j75zbdvbduhd2fxzmr2pewhy 310 46 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 310 47 A-14 a-14 CD work_27j75zbdvbduhd2fxzmr2pewhy 310 48 to to TO work_27j75zbdvbduhd2fxzmr2pewhy 310 49 equation equation NN work_27j75zbdvbduhd2fxzmr2pewhy 310 50 A-7 A-7 NNP work_27j75zbdvbduhd2fxzmr2pewhy 310 51 . . . work_27j75zbdvbduhd2fxzmr2pewhy 311 1 p2 p2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 311 2 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 311 3 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 311 4 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 311 5 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 311 6 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 311 7 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 311 8 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 311 9 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 311 10 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 311 11 [ [ -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 311 12 αz αz NNP work_27j75zbdvbduhd2fxzmr2pewhy 311 13 + + NNP work_27j75zbdvbduhd2fxzmr2pewhy 311 14 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 311 15 β β NNP work_27j75zbdvbduhd2fxzmr2pewhy 311 16 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 311 17 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 311 18 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 311 19 ρ2)θ ρ2)θ NNPS work_27j75zbdvbduhd2fxzmr2pewhy 311 20 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 311 21 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 311 22 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 311 23 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 311 24 ρ2 ρ2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 311 25 ρ ρ IN work_27j75zbdvbduhd2fxzmr2pewhy 311 26 βτ βτ NNP work_27j75zbdvbduhd2fxzmr2pewhy 311 27 s1 s1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 311 28 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 311 29 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 311 30 β β NNP work_27j75zbdvbduhd2fxzmr2pewhy 311 31 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 311 32 ρ2 ρ2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 311 33 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 311 34 βτ βτ NNP work_27j75zbdvbduhd2fxzmr2pewhy 311 35 s2 s2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 311 36 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 311 37 Since since IN work_27j75zbdvbduhd2fxzmr2pewhy 311 38 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 311 39 coefficients coefficient NNS work_27j75zbdvbduhd2fxzmr2pewhy 311 40 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 311 41 b b NN work_27j75zbdvbduhd2fxzmr2pewhy 311 42 , , , work_27j75zbdvbduhd2fxzmr2pewhy 311 43 c c NN work_27j75zbdvbduhd2fxzmr2pewhy 311 44 , , , work_27j75zbdvbduhd2fxzmr2pewhy 311 45 d d NNP work_27j75zbdvbduhd2fxzmr2pewhy 311 46 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 311 47 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 311 48 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 311 49 a2 a2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 311 50 , , , work_27j75zbdvbduhd2fxzmr2pewhy 311 51 b2 b2 NN work_27j75zbdvbduhd2fxzmr2pewhy 311 52 , , , work_27j75zbdvbduhd2fxzmr2pewhy 311 53 c2 c2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 311 54 , , , work_27j75zbdvbduhd2fxzmr2pewhy 311 55 d2 d2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 311 56 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 311 57 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 311 58 unique unique JJ work_27j75zbdvbduhd2fxzmr2pewhy 311 59 , , , work_27j75zbdvbduhd2fxzmr2pewhy 311 60 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 311 61 linear linear JJ work_27j75zbdvbduhd2fxzmr2pewhy 311 62 rational rational JJ work_27j75zbdvbduhd2fxzmr2pewhy 311 63 expectations expectation NNS work_27j75zbdvbduhd2fxzmr2pewhy 311 64 equilibrium equilibrium NN work_27j75zbdvbduhd2fxzmr2pewhy 311 65 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 311 66 Proposition Proposition NNP work_27j75zbdvbduhd2fxzmr2pewhy 311 67 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 311 68 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 311 69 unique unique JJ work_27j75zbdvbduhd2fxzmr2pewhy 311 70 , , , work_27j75zbdvbduhd2fxzmr2pewhy 311 71 too too RB work_27j75zbdvbduhd2fxzmr2pewhy 311 72 . . . work_27j75zbdvbduhd2fxzmr2pewhy 312 1 Proof Proof NNP work_27j75zbdvbduhd2fxzmr2pewhy 312 2 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 312 3 Lemma Lemma NNP work_27j75zbdvbduhd2fxzmr2pewhy 312 4 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 312 5 . . . work_27j75zbdvbduhd2fxzmr2pewhy 313 1 Lemma Lemma NNP work_27j75zbdvbduhd2fxzmr2pewhy 313 2 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 313 3 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 313 4 proved prove VBN work_27j75zbdvbduhd2fxzmr2pewhy 313 5 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 313 6 using use VBG work_27j75zbdvbduhd2fxzmr2pewhy 313 7 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 313 8 traditional traditional JJ work_27j75zbdvbduhd2fxzmr2pewhy 313 9 solution solution NN work_27j75zbdvbduhd2fxzmr2pewhy 313 10 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 313 11 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 313 12 single single JJ work_27j75zbdvbduhd2fxzmr2pewhy 313 13 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 313 14 period period NN work_27j75zbdvbduhd2fxzmr2pewhy 313 15 noisy noisy NNP work_27j75zbdvbduhd2fxzmr2pewhy 313 16 rational rational JJ work_27j75zbdvbduhd2fxzmr2pewhy 313 17 expectations expectation NNS work_27j75zbdvbduhd2fxzmr2pewhy 313 18 equilibrium equilibrium NN work_27j75zbdvbduhd2fxzmr2pewhy 313 19 , , , work_27j75zbdvbduhd2fxzmr2pewhy 313 20 such such JJ work_27j75zbdvbduhd2fxzmr2pewhy 313 21 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 313 22 that that DT work_27j75zbdvbduhd2fxzmr2pewhy 313 23 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 313 24 Diamond Diamond NNP work_27j75zbdvbduhd2fxzmr2pewhy 313 25 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 313 26 Verrecchia Verrecchia NNP work_27j75zbdvbduhd2fxzmr2pewhy 313 27 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 313 28 1981 1981 CD work_27j75zbdvbduhd2fxzmr2pewhy 313 29 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 313 30 . . . work_27j75zbdvbduhd2fxzmr2pewhy 314 1 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 314 2 procedure procedure NN work_27j75zbdvbduhd2fxzmr2pewhy 314 3 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 314 4 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 314 5 same same JJ work_27j75zbdvbduhd2fxzmr2pewhy 314 6 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 314 7 that that DT work_27j75zbdvbduhd2fxzmr2pewhy 314 8 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 314 9 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 314 10 proof proof NN work_27j75zbdvbduhd2fxzmr2pewhy 314 11 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 314 12 Proposition Proposition NNP work_27j75zbdvbduhd2fxzmr2pewhy 314 13 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 314 14 , , , work_27j75zbdvbduhd2fxzmr2pewhy 314 15 except except IN work_27j75zbdvbduhd2fxzmr2pewhy 314 16 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 314 17 Ei[p2|I1i Ei[p2|I1i NNP work_27j75zbdvbduhd2fxzmr2pewhy 314 18 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 314 19 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 314 20 V V NNP work_27j75zbdvbduhd2fxzmr2pewhy 314 21 ari[p2|I1i ari[p2|I1i NNP work_27j75zbdvbduhd2fxzmr2pewhy 314 22 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 314 23 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 314 24 equation equation NN work_27j75zbdvbduhd2fxzmr2pewhy 314 25 A-9 A-9 NNP work_27j75zbdvbduhd2fxzmr2pewhy 314 26 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 314 27 replaced replace VBN work_27j75zbdvbduhd2fxzmr2pewhy 314 28 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 314 29 Ei[θ|I1i Ei[θ|I1i NNS work_27j75zbdvbduhd2fxzmr2pewhy 314 30 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 314 31 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 314 32 V V NNP work_27j75zbdvbduhd2fxzmr2pewhy 314 33 ari[θ|I1i ari[θ|I1i NNP work_27j75zbdvbduhd2fxzmr2pewhy 314 34 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 314 35 . . . work_27j75zbdvbduhd2fxzmr2pewhy 315 1 Proof Proof NNP work_27j75zbdvbduhd2fxzmr2pewhy 315 2 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 315 3 Proposition Proposition NNP work_27j75zbdvbduhd2fxzmr2pewhy 315 4 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 315 5 . . . work_27j75zbdvbduhd2fxzmr2pewhy 316 1 Proposition proposition NN work_27j75zbdvbduhd2fxzmr2pewhy 316 2 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 316 3 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 316 4 proved prove VBN work_27j75zbdvbduhd2fxzmr2pewhy 316 5 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 316 6 showing show VBG work_27j75zbdvbduhd2fxzmr2pewhy 316 7 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 316 8 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 316 9 partial partial JJ work_27j75zbdvbduhd2fxzmr2pewhy 316 10 derivative derivative NN work_27j75zbdvbduhd2fxzmr2pewhy 316 11 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 316 12 PE PE NNP work_27j75zbdvbduhd2fxzmr2pewhy 316 13 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 316 14 respect respect NN work_27j75zbdvbduhd2fxzmr2pewhy 316 15 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 316 16 α α NNP work_27j75zbdvbduhd2fxzmr2pewhy 316 17 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 316 18 positive positive JJ work_27j75zbdvbduhd2fxzmr2pewhy 316 19 . . . work_27j75zbdvbduhd2fxzmr2pewhy 317 1 Define Define NNP work_27j75zbdvbduhd2fxzmr2pewhy 317 2 M M NNP work_27j75zbdvbduhd2fxzmr2pewhy 317 3 ′= ′= NNP work_27j75zbdvbduhd2fxzmr2pewhy 317 4 ∂M ∂M . work_27j75zbdvbduhd2fxzmr2pewhy 317 5 ∂α ∂α NFP work_27j75zbdvbduhd2fxzmr2pewhy 317 6 . . . work_27j75zbdvbduhd2fxzmr2pewhy 318 1 Thus thus RB work_27j75zbdvbduhd2fxzmr2pewhy 318 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 318 3 M m NN work_27j75zbdvbduhd2fxzmr2pewhy 318 4 ′ ′ ADD work_27j75zbdvbduhd2fxzmr2pewhy 318 5 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 318 6 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 318 7 β+ρ2 β+ρ2 , work_27j75zbdvbduhd2fxzmr2pewhy 318 8 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 318 9 α+2β+ρ+ρ2)2 α+2β+ρ+ρ2)2 ADD work_27j75zbdvbduhd2fxzmr2pewhy 318 10 < < XX work_27j75zbdvbduhd2fxzmr2pewhy 318 11 0 0 NFP work_27j75zbdvbduhd2fxzmr2pewhy 318 12 . . . work_27j75zbdvbduhd2fxzmr2pewhy 319 1 P p NN work_27j75zbdvbduhd2fxzmr2pewhy 319 2 E e NN work_27j75zbdvbduhd2fxzmr2pewhy 319 3 = = NN work_27j75zbdvbduhd2fxzmr2pewhy 319 4 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 319 5 Es Es NNP work_27j75zbdvbduhd2fxzmr2pewhy 319 6 , , , work_27j75zbdvbduhd2fxzmr2pewhy 319 7 z(p1 z(p1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 319 8 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 319 9 θ)2 θ)2 ADD work_27j75zbdvbduhd2fxzmr2pewhy 319 10 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 319 11 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 319 12 Es Es NNP work_27j75zbdvbduhd2fxzmr2pewhy 319 13 , , , work_27j75zbdvbduhd2fxzmr2pewhy 319 14 z(bǫz z(bǫz NN work_27j75zbdvbduhd2fxzmr2pewhy 319 15 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 319 16 ds1)2 ds1)2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 319 17 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 319 18 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 319 19 b2 b2 NN work_27j75zbdvbduhd2fxzmr2pewhy 319 20 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 319 21 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 319 22 d d NN work_27j75zbdvbduhd2fxzmr2pewhy 319 23 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 319 24 γ1 γ1 NN work_27j75zbdvbduhd2fxzmr2pewhy 319 25 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 319 26 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 319 27 b2 b2 NN work_27j75zbdvbduhd2fxzmr2pewhy 319 28 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 319 29 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 319 30 c c NN work_27j75zbdvbduhd2fxzmr2pewhy 319 31 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 319 32 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 319 33 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 319 34 ρ(α ρ(α CD work_27j75zbdvbduhd2fxzmr2pewhy 319 35 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 319 36 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 319 37 + + NN work_27j75zbdvbduhd2fxzmr2pewhy 319 38 βM βm NN work_27j75zbdvbduhd2fxzmr2pewhy 319 39 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 319 40 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 319 41 αρ αρ NN work_27j75zbdvbduhd2fxzmr2pewhy 319 42 + + NNP work_27j75zbdvbduhd2fxzmr2pewhy 319 43 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 319 44 βM βm NN work_27j75zbdvbduhd2fxzmr2pewhy 319 45 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 319 46 ρ)2 ρ)2 CD work_27j75zbdvbduhd2fxzmr2pewhy 319 47 29 29 CD work_27j75zbdvbduhd2fxzmr2pewhy 319 48 ∂P ∂P . work_27j75zbdvbduhd2fxzmr2pewhy 319 49 E e NN work_27j75zbdvbduhd2fxzmr2pewhy 319 50 ∂α ∂α : work_27j75zbdvbduhd2fxzmr2pewhy 319 51 = = NFP work_27j75zbdvbduhd2fxzmr2pewhy 319 52 2ρ(α 2ρ(α CD work_27j75zbdvbduhd2fxzmr2pewhy 319 53 + + CD work_27j75zbdvbduhd2fxzmr2pewhy 319 54 βM βm NN work_27j75zbdvbduhd2fxzmr2pewhy 319 55 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 319 56 ρ)(1 ρ)(1 UH work_27j75zbdvbduhd2fxzmr2pewhy 319 57 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 319 58 βM βM . work_27j75zbdvbduhd2fxzmr2pewhy 319 59 ′)(αρ ′)(αρ NNS work_27j75zbdvbduhd2fxzmr2pewhy 319 60 + + NNP work_27j75zbdvbduhd2fxzmr2pewhy 319 61 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 319 62 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 319 63 + + NNP work_27j75zbdvbduhd2fxzmr2pewhy 319 64 βM βm NN work_27j75zbdvbduhd2fxzmr2pewhy 319 65 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 319 66 2 2 LS work_27j75zbdvbduhd2fxzmr2pewhy 319 67 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 319 68 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 319 69 ρ(α ρ(α CD work_27j75zbdvbduhd2fxzmr2pewhy 319 70 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 319 71 βM βm NN work_27j75zbdvbduhd2fxzmr2pewhy 319 72 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 319 73 ρ)2(ρ ρ)2(ρ NNS work_27j75zbdvbduhd2fxzmr2pewhy 319 74 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 319 75 2(ρ 2(ρ CD work_27j75zbdvbduhd2fxzmr2pewhy 319 76 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 319 77 βM βM . work_27j75zbdvbduhd2fxzmr2pewhy 319 78 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 319 79 βM βM . work_27j75zbdvbduhd2fxzmr2pewhy 319 80 ′ ′ ADD work_27j75zbdvbduhd2fxzmr2pewhy 319 81 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 319 82 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 319 83 αρ αρ FW work_27j75zbdvbduhd2fxzmr2pewhy 319 84 + + NNP work_27j75zbdvbduhd2fxzmr2pewhy 319 85 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 319 86 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 319 87 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 319 88 βM βM . work_27j75zbdvbduhd2fxzmr2pewhy 319 89 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 319 90 2)2 2)2 CD work_27j75zbdvbduhd2fxzmr2pewhy 319 91 = = NFP work_27j75zbdvbduhd2fxzmr2pewhy 319 92 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 319 93 α α NNP work_27j75zbdvbduhd2fxzmr2pewhy 319 94 + + NNP work_27j75zbdvbduhd2fxzmr2pewhy 319 95 βM βm NN work_27j75zbdvbduhd2fxzmr2pewhy 319 96 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 319 97 ρ)ρ ρ)ρ NNP work_27j75zbdvbduhd2fxzmr2pewhy 319 98 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 319 99 αρ αρ FW work_27j75zbdvbduhd2fxzmr2pewhy 319 100 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 319 101 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 319 102 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 319 103 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 319 104 βM βM . work_27j75zbdvbduhd2fxzmr2pewhy 319 105 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 319 106 2)2 2)2 RB work_27j75zbdvbduhd2fxzmr2pewhy 319 107 [ [ -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 319 108 2β2 2β2 CD work_27j75zbdvbduhd2fxzmr2pewhy 319 109 M m NN work_27j75zbdvbduhd2fxzmr2pewhy 319 110 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 319 111 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 319 112 3βM 3βm CD work_27j75zbdvbduhd2fxzmr2pewhy 319 113 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 319 114 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 319 115 αρ αρ XX work_27j75zbdvbduhd2fxzmr2pewhy 319 116 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 319 117 ρ2 ρ2 NN work_27j75zbdvbduhd2fxzmr2pewhy 319 118 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 319 119 2αβ2 2αβ2 CD work_27j75zbdvbduhd2fxzmr2pewhy 319 120 M M NNP work_27j75zbdvbduhd2fxzmr2pewhy 319 121 M M NNP work_27j75zbdvbduhd2fxzmr2pewhy 319 122 ′ ′ ADD work_27j75zbdvbduhd2fxzmr2pewhy 319 123 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 319 124 > > NN work_27j75zbdvbduhd2fxzmr2pewhy 319 125 0 0 NFP work_27j75zbdvbduhd2fxzmr2pewhy 319 126 Proof Proof NNP work_27j75zbdvbduhd2fxzmr2pewhy 319 127 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 319 128 Proposition Proposition NNP work_27j75zbdvbduhd2fxzmr2pewhy 319 129 3 3 CD work_27j75zbdvbduhd2fxzmr2pewhy 319 130 . . . work_27j75zbdvbduhd2fxzmr2pewhy 320 1 Proposition proposition NN work_27j75zbdvbduhd2fxzmr2pewhy 320 2 3 3 CD work_27j75zbdvbduhd2fxzmr2pewhy 320 3 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 320 4 proved prove VBN work_27j75zbdvbduhd2fxzmr2pewhy 320 5 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 320 6 showing show VBG work_27j75zbdvbduhd2fxzmr2pewhy 320 7 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 320 8 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 320 9 partial partial JJ work_27j75zbdvbduhd2fxzmr2pewhy 320 10 derivate derivate NN work_27j75zbdvbduhd2fxzmr2pewhy 320 11 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 320 12 R r NN work_27j75zbdvbduhd2fxzmr2pewhy 320 13 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 320 14 respect respect NN work_27j75zbdvbduhd2fxzmr2pewhy 320 15 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 320 16 α α NNP work_27j75zbdvbduhd2fxzmr2pewhy 320 17 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 320 18 positive positive JJ work_27j75zbdvbduhd2fxzmr2pewhy 320 19 . . . work_27j75zbdvbduhd2fxzmr2pewhy 321 1 R r NN work_27j75zbdvbduhd2fxzmr2pewhy 321 2 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 321 3 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 321 4 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 321 5 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 321 6 b b CD work_27j75zbdvbduhd2fxzmr2pewhy 321 7 c c NNP work_27j75zbdvbduhd2fxzmr2pewhy 321 8 / / SYM work_27j75zbdvbduhd2fxzmr2pewhy 321 9 b̂ b̂ NNP work_27j75zbdvbduhd2fxzmr2pewhy 321 10 ĉ ĉ NNP work_27j75zbdvbduhd2fxzmr2pewhy 321 11 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 321 12 β(1 β(1 NFP work_27j75zbdvbduhd2fxzmr2pewhy 321 13 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 321 14 M M NNP work_27j75zbdvbduhd2fxzmr2pewhy 321 15 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 321 16 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 321 17 ρ1(1 ρ1(1 RB work_27j75zbdvbduhd2fxzmr2pewhy 321 18 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 321 19 k k NNP work_27j75zbdvbduhd2fxzmr2pewhy 321 20 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 321 21 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 321 22 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 321 23 ρ1 ρ1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 321 24 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 321 25 A-15 a-15 CD work_27j75zbdvbduhd2fxzmr2pewhy 321 26 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 321 27 ∂R ∂R . work_27j75zbdvbduhd2fxzmr2pewhy 321 28 ∂α ∂α NFP work_27j75zbdvbduhd2fxzmr2pewhy 321 29 = = NFP work_27j75zbdvbduhd2fxzmr2pewhy 321 30 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 321 31 βM βM . work_27j75zbdvbduhd2fxzmr2pewhy 321 32 ′ ′ ADD work_27j75zbdvbduhd2fxzmr2pewhy 321 33 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 321 34 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 321 35 ρ1 ρ1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 321 36 > > XX work_27j75zbdvbduhd2fxzmr2pewhy 321 37 0 0 NFP work_27j75zbdvbduhd2fxzmr2pewhy 321 38 Proof Proof NNP work_27j75zbdvbduhd2fxzmr2pewhy 321 39 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 321 40 Observation Observation NNP work_27j75zbdvbduhd2fxzmr2pewhy 321 41 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 321 42 . . . work_27j75zbdvbduhd2fxzmr2pewhy 322 1 Observation observation NN work_27j75zbdvbduhd2fxzmr2pewhy 322 2 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 322 3 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 322 4 proved prove VBN work_27j75zbdvbduhd2fxzmr2pewhy 322 5 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 322 6 showing show VBG work_27j75zbdvbduhd2fxzmr2pewhy 322 7 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 322 8 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 322 9 partial partial JJ work_27j75zbdvbduhd2fxzmr2pewhy 322 10 derivative derivative NN work_27j75zbdvbduhd2fxzmr2pewhy 322 11 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 322 12 PE PE NNP work_27j75zbdvbduhd2fxzmr2pewhy 322 13 with with IN work_27j75zbdvbduhd2fxzmr2pewhy 322 14 respective respective JJ work_27j75zbdvbduhd2fxzmr2pewhy 322 15 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 322 16 α α XX work_27j75zbdvbduhd2fxzmr2pewhy 322 17 , , , work_27j75zbdvbduhd2fxzmr2pewhy 322 18 evaluated evaluate VBN work_27j75zbdvbduhd2fxzmr2pewhy 322 19 at at IN work_27j75zbdvbduhd2fxzmr2pewhy 322 20 R r NN work_27j75zbdvbduhd2fxzmr2pewhy 322 21 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 322 22 r r NN work_27j75zbdvbduhd2fxzmr2pewhy 322 23 = = NFP work_27j75zbdvbduhd2fxzmr2pewhy 322 24 β(1−M β(1−m ADD work_27j75zbdvbduhd2fxzmr2pewhy 322 25 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 322 26 + + NFP work_27j75zbdvbduhd2fxzmr2pewhy 322 27 ρ1(1−k ρ1(1−k XX work_27j75zbdvbduhd2fxzmr2pewhy 322 28 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 322 29 β+ρ1 β+ρ1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 322 30 , , , work_27j75zbdvbduhd2fxzmr2pewhy 322 31 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 322 32 negative negative JJ work_27j75zbdvbduhd2fxzmr2pewhy 322 33 under under IN work_27j75zbdvbduhd2fxzmr2pewhy 322 34 condition condition NN work_27j75zbdvbduhd2fxzmr2pewhy 322 35 9 9 CD work_27j75zbdvbduhd2fxzmr2pewhy 322 36 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 322 37 10 10 CD work_27j75zbdvbduhd2fxzmr2pewhy 322 38 . . . work_27j75zbdvbduhd2fxzmr2pewhy 323 1 For for IN work_27j75zbdvbduhd2fxzmr2pewhy 323 2 notational notational JJ work_27j75zbdvbduhd2fxzmr2pewhy 323 3 convenience convenience NN work_27j75zbdvbduhd2fxzmr2pewhy 323 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 323 5 define define VB work_27j75zbdvbduhd2fxzmr2pewhy 323 6 B B NNP work_27j75zbdvbduhd2fxzmr2pewhy 323 7 as as IN work_27j75zbdvbduhd2fxzmr2pewhy 323 8 follows follow VBZ work_27j75zbdvbduhd2fxzmr2pewhy 323 9 . . . work_27j75zbdvbduhd2fxzmr2pewhy 324 1 B b NN work_27j75zbdvbduhd2fxzmr2pewhy 324 2 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 324 3 b̂ b̂ NNP work_27j75zbdvbduhd2fxzmr2pewhy 324 4 ĉ ĉ NNP work_27j75zbdvbduhd2fxzmr2pewhy 324 5 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 324 6 α α NNP work_27j75zbdvbduhd2fxzmr2pewhy 324 7 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 324 8 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 324 9 ρ1 ρ1 NN work_27j75zbdvbduhd2fxzmr2pewhy 324 10 30 30 CD work_27j75zbdvbduhd2fxzmr2pewhy 324 11 P p NN work_27j75zbdvbduhd2fxzmr2pewhy 324 12 E e NN work_27j75zbdvbduhd2fxzmr2pewhy 324 13 = = NNS work_27j75zbdvbduhd2fxzmr2pewhy 324 14 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 324 15 b2 b2 NN work_27j75zbdvbduhd2fxzmr2pewhy 324 16 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 324 17 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 324 18 c c NN work_27j75zbdvbduhd2fxzmr2pewhy 324 19 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 324 20 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 324 21 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 324 22 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 324 23 c2 c2 NN work_27j75zbdvbduhd2fxzmr2pewhy 324 24 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 324 25 b b NNP work_27j75zbdvbduhd2fxzmr2pewhy 324 26 c c NNP work_27j75zbdvbduhd2fxzmr2pewhy 324 27 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 324 28 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 324 29 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 324 30 α α CD work_27j75zbdvbduhd2fxzmr2pewhy 324 31 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 324 32 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 324 33 ρ ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 324 34 = = NNS work_27j75zbdvbduhd2fxzmr2pewhy 324 35 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 324 36 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 324 37 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 324 38 R R NNP work_27j75zbdvbduhd2fxzmr2pewhy 324 39 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 324 40 B)2 b)2 NN work_27j75zbdvbduhd2fxzmr2pewhy 324 41 B2 B2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 324 42 α α NN work_27j75zbdvbduhd2fxzmr2pewhy 324 43 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 324 44 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 324 45 1−R)2 1−R)2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 324 46 ρ ρ SYM work_27j75zbdvbduhd2fxzmr2pewhy 324 47 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 324 48 αρ(1 αρ(1 XX work_27j75zbdvbduhd2fxzmr2pewhy 324 49 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 324 50 R r NN work_27j75zbdvbduhd2fxzmr2pewhy 324 51 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 324 52 B)2 b)2 NN work_27j75zbdvbduhd2fxzmr2pewhy 324 53 B2ρ b2ρ NN work_27j75zbdvbduhd2fxzmr2pewhy 324 54 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 324 55 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 324 56 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 324 57 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 324 58 R)2α r)2α NN work_27j75zbdvbduhd2fxzmr2pewhy 324 59 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 324 60 ∂P ∂P . work_27j75zbdvbduhd2fxzmr2pewhy 324 61 E e NN work_27j75zbdvbduhd2fxzmr2pewhy 324 62 ∂α ∂α : work_27j75zbdvbduhd2fxzmr2pewhy 324 63 |R |r CD work_27j75zbdvbduhd2fxzmr2pewhy 324 64 = = SYM work_27j75zbdvbduhd2fxzmr2pewhy 324 65 r= r= NNP work_27j75zbdvbduhd2fxzmr2pewhy 324 66 ρ2(1 ρ2(1 NN work_27j75zbdvbduhd2fxzmr2pewhy 324 67 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 324 68 r r NN work_27j75zbdvbduhd2fxzmr2pewhy 324 69 + + CC work_27j75zbdvbduhd2fxzmr2pewhy 324 70 B)α2 b)α2 NN work_27j75zbdvbduhd2fxzmr2pewhy 324 71 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 324 72 β β NNP work_27j75zbdvbduhd2fxzmr2pewhy 324 73 + + NNS work_27j75zbdvbduhd2fxzmr2pewhy 324 74 ρ1)3((1 ρ1)3((1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 324 75 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 324 76 r)2α r)2α , work_27j75zbdvbduhd2fxzmr2pewhy 324 77 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 324 78 B2ρ)2 b2ρ)2 IN work_27j75zbdvbduhd2fxzmr2pewhy 324 79 [ [ -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 324 80 α α DT work_27j75zbdvbduhd2fxzmr2pewhy 324 81 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 324 82 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 324 83 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 324 84 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 324 85 r)(β r)(β NN work_27j75zbdvbduhd2fxzmr2pewhy 324 86 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 324 87 ρ1)(1 ρ1)(1 SYM work_27j75zbdvbduhd2fxzmr2pewhy 324 88 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 324 89 2(β 2(β CD work_27j75zbdvbduhd2fxzmr2pewhy 324 90 + + SYM work_27j75zbdvbduhd2fxzmr2pewhy 324 91 ρ1 ρ1 NN work_27j75zbdvbduhd2fxzmr2pewhy 324 92 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 324 93 ρ ρ NNP work_27j75zbdvbduhd2fxzmr2pewhy 324 94 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 324 95 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 324 96 − − NNP work_27j75zbdvbduhd2fxzmr2pewhy 324 97 r r NN work_27j75zbdvbduhd2fxzmr2pewhy 324 98 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 324 99 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 324 100 ] ] -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 324 101 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 324 102 A-16 a-16 CD work_27j75zbdvbduhd2fxzmr2pewhy 324 103 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 324 104 Since since IN work_27j75zbdvbduhd2fxzmr2pewhy 324 105 α α NNP work_27j75zbdvbduhd2fxzmr2pewhy 324 106 , , , work_27j75zbdvbduhd2fxzmr2pewhy 324 107 β β NN work_27j75zbdvbduhd2fxzmr2pewhy 324 108 , , , work_27j75zbdvbduhd2fxzmr2pewhy 324 109 τ τ NNP work_27j75zbdvbduhd2fxzmr2pewhy 324 110 , , , work_27j75zbdvbduhd2fxzmr2pewhy 324 111 γ1 γ1 NNP work_27j75zbdvbduhd2fxzmr2pewhy 324 112 , , , work_27j75zbdvbduhd2fxzmr2pewhy 324 113 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 324 114 γ2 γ2 NNP work_27j75zbdvbduhd2fxzmr2pewhy 324 115 are be VBP work_27j75zbdvbduhd2fxzmr2pewhy 324 116 positive positive JJ work_27j75zbdvbduhd2fxzmr2pewhy 324 117 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 324 118 finite finite JJ work_27j75zbdvbduhd2fxzmr2pewhy 324 119 , , , work_27j75zbdvbduhd2fxzmr2pewhy 324 120 both both CC work_27j75zbdvbduhd2fxzmr2pewhy 324 121 M M NNP work_27j75zbdvbduhd2fxzmr2pewhy 324 122 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 324 123 k k NN work_27j75zbdvbduhd2fxzmr2pewhy 324 124 lie lie NN work_27j75zbdvbduhd2fxzmr2pewhy 324 125 between between IN work_27j75zbdvbduhd2fxzmr2pewhy 324 126 zero zero CD work_27j75zbdvbduhd2fxzmr2pewhy 324 127 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 324 128 one one CD work_27j75zbdvbduhd2fxzmr2pewhy 324 129 . . . work_27j75zbdvbduhd2fxzmr2pewhy 325 1 As as IN work_27j75zbdvbduhd2fxzmr2pewhy 325 2 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 325 3 result result NN work_27j75zbdvbduhd2fxzmr2pewhy 325 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 325 5 0 0 NFP work_27j75zbdvbduhd2fxzmr2pewhy 325 6 < < XX work_27j75zbdvbduhd2fxzmr2pewhy 325 7 r r NNP work_27j75zbdvbduhd2fxzmr2pewhy 325 8 < < XX work_27j75zbdvbduhd2fxzmr2pewhy 325 9 1 1 CD work_27j75zbdvbduhd2fxzmr2pewhy 325 10 . . . work_27j75zbdvbduhd2fxzmr2pewhy 326 1 It -PRON- PRP work_27j75zbdvbduhd2fxzmr2pewhy 326 2 could could MD work_27j75zbdvbduhd2fxzmr2pewhy 326 3 be be VB work_27j75zbdvbduhd2fxzmr2pewhy 326 4 verified verify VBN work_27j75zbdvbduhd2fxzmr2pewhy 326 5 that that IN work_27j75zbdvbduhd2fxzmr2pewhy 326 6 A-16 a-16 CD work_27j75zbdvbduhd2fxzmr2pewhy 326 7 < < XX work_27j75zbdvbduhd2fxzmr2pewhy 326 8 0 0 CD work_27j75zbdvbduhd2fxzmr2pewhy 326 9 is be VBZ work_27j75zbdvbduhd2fxzmr2pewhy 326 10 equivalent equivalent JJ work_27j75zbdvbduhd2fxzmr2pewhy 326 11 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 326 12 conditions condition NNS work_27j75zbdvbduhd2fxzmr2pewhy 326 13 9 9 CD work_27j75zbdvbduhd2fxzmr2pewhy 326 14 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 326 15 10 10 CD work_27j75zbdvbduhd2fxzmr2pewhy 326 16 . . . work_27j75zbdvbduhd2fxzmr2pewhy 327 1 31 31 CD work_27j75zbdvbduhd2fxzmr2pewhy 327 2 References References NNPS work_27j75zbdvbduhd2fxzmr2pewhy 327 3 Admati Admati NNPS work_27j75zbdvbduhd2fxzmr2pewhy 327 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 327 5 A.R. A.R. NNP work_27j75zbdvbduhd2fxzmr2pewhy 327 6 , , , work_27j75zbdvbduhd2fxzmr2pewhy 327 7 1985 1985 CD work_27j75zbdvbduhd2fxzmr2pewhy 327 8 , , , work_27j75zbdvbduhd2fxzmr2pewhy 327 9 A a DT work_27j75zbdvbduhd2fxzmr2pewhy 327 10 Noisy Noisy NNP work_27j75zbdvbduhd2fxzmr2pewhy 327 11 Rational Rational NNP work_27j75zbdvbduhd2fxzmr2pewhy 327 12 Expectations Expectations NNPS work_27j75zbdvbduhd2fxzmr2pewhy 327 13 Equilibrium Equilibrium NNP work_27j75zbdvbduhd2fxzmr2pewhy 327 14 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 327 15 Multi Multi NNP work_27j75zbdvbduhd2fxzmr2pewhy 327 16 - - NNP work_27j75zbdvbduhd2fxzmr2pewhy 327 17 Asset Asset NNP work_27j75zbdvbduhd2fxzmr2pewhy 327 18 Securities Securities NNPS work_27j75zbdvbduhd2fxzmr2pewhy 327 19 Markets Markets NNP work_27j75zbdvbduhd2fxzmr2pewhy 327 20 , , , work_27j75zbdvbduhd2fxzmr2pewhy 327 21 Econometrica Econometrica NNP work_27j75zbdvbduhd2fxzmr2pewhy 327 22 53 53 CD work_27j75zbdvbduhd2fxzmr2pewhy 327 23 , , , work_27j75zbdvbduhd2fxzmr2pewhy 327 24 629–658 629–658 CD work_27j75zbdvbduhd2fxzmr2pewhy 327 25 . . . work_27j75zbdvbduhd2fxzmr2pewhy 328 1 Allen Allen NNP work_27j75zbdvbduhd2fxzmr2pewhy 328 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 328 3 F. F. NNP work_27j75zbdvbduhd2fxzmr2pewhy 328 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 328 5 S. S. NNP work_27j75zbdvbduhd2fxzmr2pewhy 328 6 Morris Morris NNP work_27j75zbdvbduhd2fxzmr2pewhy 328 7 , , , work_27j75zbdvbduhd2fxzmr2pewhy 328 8 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 328 9 H.S. H.S. NNP work_27j75zbdvbduhd2fxzmr2pewhy 329 1 Shin Shin NNP work_27j75zbdvbduhd2fxzmr2pewhy 329 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 329 3 2006 2006 CD work_27j75zbdvbduhd2fxzmr2pewhy 329 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 329 5 Beauty Beauty NNP work_27j75zbdvbduhd2fxzmr2pewhy 329 6 Contests Contests NNPS work_27j75zbdvbduhd2fxzmr2pewhy 329 7 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 329 8 Iterated Iterated NNP work_27j75zbdvbduhd2fxzmr2pewhy 329 9 Expectations Expectations NNPS work_27j75zbdvbduhd2fxzmr2pewhy 329 10 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 329 11 Asset Asset NNP work_27j75zbdvbduhd2fxzmr2pewhy 329 12 Markets Markets NNP work_27j75zbdvbduhd2fxzmr2pewhy 329 13 , , , work_27j75zbdvbduhd2fxzmr2pewhy 329 14 Review Review NNP work_27j75zbdvbduhd2fxzmr2pewhy 329 15 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 329 16 Financial Financial NNP work_27j75zbdvbduhd2fxzmr2pewhy 329 17 Studies Studies NNPS work_27j75zbdvbduhd2fxzmr2pewhy 329 18 19 19 CD work_27j75zbdvbduhd2fxzmr2pewhy 329 19 , , , work_27j75zbdvbduhd2fxzmr2pewhy 329 20 719 719 CD work_27j75zbdvbduhd2fxzmr2pewhy 329 21 . . . work_27j75zbdvbduhd2fxzmr2pewhy 330 1 Anctil Anctil NNP work_27j75zbdvbduhd2fxzmr2pewhy 330 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 330 3 R.M. R.M. NNP work_27j75zbdvbduhd2fxzmr2pewhy 330 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 330 5 J. J. NNP work_27j75zbdvbduhd2fxzmr2pewhy 330 6 Dickhaut Dickhaut NNP work_27j75zbdvbduhd2fxzmr2pewhy 330 7 , , , work_27j75zbdvbduhd2fxzmr2pewhy 330 8 C. C. NNP work_27j75zbdvbduhd2fxzmr2pewhy 330 9 Kanodia Kanodia NNP work_27j75zbdvbduhd2fxzmr2pewhy 330 10 , , , work_27j75zbdvbduhd2fxzmr2pewhy 330 11 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 330 12 B. B. NNP work_27j75zbdvbduhd2fxzmr2pewhy 330 13 Shapiro Shapiro NNP work_27j75zbdvbduhd2fxzmr2pewhy 330 14 , , , work_27j75zbdvbduhd2fxzmr2pewhy 330 15 2004 2004 CD work_27j75zbdvbduhd2fxzmr2pewhy 330 16 , , , work_27j75zbdvbduhd2fxzmr2pewhy 330 17 Information Information NNP work_27j75zbdvbduhd2fxzmr2pewhy 330 18 Transparency Transparency NNP work_27j75zbdvbduhd2fxzmr2pewhy 330 19 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 330 20 Coordination Coordination NNP work_27j75zbdvbduhd2fxzmr2pewhy 330 21 Failure Failure NNP work_27j75zbdvbduhd2fxzmr2pewhy 330 22 : : : work_27j75zbdvbduhd2fxzmr2pewhy 330 23 Theory Theory NNP work_27j75zbdvbduhd2fxzmr2pewhy 330 24 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 330 25 Experiment Experiment NNP work_27j75zbdvbduhd2fxzmr2pewhy 330 26 , , , work_27j75zbdvbduhd2fxzmr2pewhy 330 27 Journal Journal NNP work_27j75zbdvbduhd2fxzmr2pewhy 330 28 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 330 29 Accounting Accounting NNP work_27j75zbdvbduhd2fxzmr2pewhy 330 30 Research Research NNP work_27j75zbdvbduhd2fxzmr2pewhy 330 31 42 42 CD work_27j75zbdvbduhd2fxzmr2pewhy 330 32 , , , work_27j75zbdvbduhd2fxzmr2pewhy 330 33 159–195 159–195 CD work_27j75zbdvbduhd2fxzmr2pewhy 330 34 . . . work_27j75zbdvbduhd2fxzmr2pewhy 331 1 Bikhchandani Bikhchandani NNP work_27j75zbdvbduhd2fxzmr2pewhy 331 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 331 3 S. S. NNP work_27j75zbdvbduhd2fxzmr2pewhy 331 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 331 5 D. D. NNP work_27j75zbdvbduhd2fxzmr2pewhy 331 6 Hirshleifer Hirshleifer NNP work_27j75zbdvbduhd2fxzmr2pewhy 331 7 , , , work_27j75zbdvbduhd2fxzmr2pewhy 331 8 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 331 9 I. I. NNP work_27j75zbdvbduhd2fxzmr2pewhy 331 10 Welch Welch NNP work_27j75zbdvbduhd2fxzmr2pewhy 331 11 , , , work_27j75zbdvbduhd2fxzmr2pewhy 331 12 1998 1998 CD work_27j75zbdvbduhd2fxzmr2pewhy 331 13 , , , work_27j75zbdvbduhd2fxzmr2pewhy 331 14 Learning learn VBG work_27j75zbdvbduhd2fxzmr2pewhy 331 15 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 331 16 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 331 17 Behavior Behavior NNP work_27j75zbdvbduhd2fxzmr2pewhy 331 18 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 331 19 Others Others NNPS work_27j75zbdvbduhd2fxzmr2pewhy 331 20 : : : work_27j75zbdvbduhd2fxzmr2pewhy 331 21 Con- con- NN work_27j75zbdvbduhd2fxzmr2pewhy 331 22 formity formity NN work_27j75zbdvbduhd2fxzmr2pewhy 331 23 , , , work_27j75zbdvbduhd2fxzmr2pewhy 331 24 Fads Fads NNP work_27j75zbdvbduhd2fxzmr2pewhy 331 25 , , , work_27j75zbdvbduhd2fxzmr2pewhy 331 26 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 331 27 Informational Informational NNP work_27j75zbdvbduhd2fxzmr2pewhy 331 28 Cascades Cascades NNPS work_27j75zbdvbduhd2fxzmr2pewhy 331 29 , , , work_27j75zbdvbduhd2fxzmr2pewhy 331 30 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 331 31 Journal Journal NNP work_27j75zbdvbduhd2fxzmr2pewhy 331 32 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 331 33 Economic Economic NNP work_27j75zbdvbduhd2fxzmr2pewhy 331 34 Perspectives Perspectives NNP work_27j75zbdvbduhd2fxzmr2pewhy 331 35 12 12 CD work_27j75zbdvbduhd2fxzmr2pewhy 331 36 , , , work_27j75zbdvbduhd2fxzmr2pewhy 331 37 151–170 151–170 CD work_27j75zbdvbduhd2fxzmr2pewhy 331 38 . . . work_27j75zbdvbduhd2fxzmr2pewhy 332 1 Black Black NNP work_27j75zbdvbduhd2fxzmr2pewhy 332 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 332 3 F. F. NNP work_27j75zbdvbduhd2fxzmr2pewhy 332 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 332 5 1986 1986 CD work_27j75zbdvbduhd2fxzmr2pewhy 332 6 , , , work_27j75zbdvbduhd2fxzmr2pewhy 332 7 Noise Noise NNP work_27j75zbdvbduhd2fxzmr2pewhy 332 8 , , , work_27j75zbdvbduhd2fxzmr2pewhy 332 9 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 332 10 Journal Journal NNP work_27j75zbdvbduhd2fxzmr2pewhy 332 11 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 332 12 Finance Finance NNP work_27j75zbdvbduhd2fxzmr2pewhy 332 13 41 41 CD work_27j75zbdvbduhd2fxzmr2pewhy 332 14 , , , work_27j75zbdvbduhd2fxzmr2pewhy 332 15 529–543 529–543 CD work_27j75zbdvbduhd2fxzmr2pewhy 332 16 . . . work_27j75zbdvbduhd2fxzmr2pewhy 333 1 Brown Brown NNP work_27j75zbdvbduhd2fxzmr2pewhy 333 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 333 3 D.P. D.P. NNP work_27j75zbdvbduhd2fxzmr2pewhy 333 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 333 5 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 333 6 R.H. R.H. NNP work_27j75zbdvbduhd2fxzmr2pewhy 333 7 Jennings Jennings NNP work_27j75zbdvbduhd2fxzmr2pewhy 333 8 , , , work_27j75zbdvbduhd2fxzmr2pewhy 333 9 1989 1989 CD work_27j75zbdvbduhd2fxzmr2pewhy 333 10 , , , work_27j75zbdvbduhd2fxzmr2pewhy 333 11 On on IN work_27j75zbdvbduhd2fxzmr2pewhy 333 12 technical technical JJ work_27j75zbdvbduhd2fxzmr2pewhy 333 13 analysis analysis NN work_27j75zbdvbduhd2fxzmr2pewhy 333 14 , , , work_27j75zbdvbduhd2fxzmr2pewhy 333 15 Review Review NNP work_27j75zbdvbduhd2fxzmr2pewhy 333 16 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 333 17 Financial Financial NNP work_27j75zbdvbduhd2fxzmr2pewhy 333 18 Studies Studies NNPS work_27j75zbdvbduhd2fxzmr2pewhy 333 19 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 333 20 , , , work_27j75zbdvbduhd2fxzmr2pewhy 333 21 527 527 CD work_27j75zbdvbduhd2fxzmr2pewhy 333 22 – – : work_27j75zbdvbduhd2fxzmr2pewhy 333 23 551 551 CD work_27j75zbdvbduhd2fxzmr2pewhy 333 24 . . . work_27j75zbdvbduhd2fxzmr2pewhy 334 1 Brunnermeier Brunnermeier NNP work_27j75zbdvbduhd2fxzmr2pewhy 334 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 334 3 M.K. M.K. NNP work_27j75zbdvbduhd2fxzmr2pewhy 334 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 334 5 2001 2001 CD work_27j75zbdvbduhd2fxzmr2pewhy 334 6 , , , work_27j75zbdvbduhd2fxzmr2pewhy 334 7 Asset Asset NNP work_27j75zbdvbduhd2fxzmr2pewhy 334 8 Pricing Pricing NNP work_27j75zbdvbduhd2fxzmr2pewhy 334 9 Under under IN work_27j75zbdvbduhd2fxzmr2pewhy 334 10 Asymmetric Asymmetric NNP work_27j75zbdvbduhd2fxzmr2pewhy 334 11 Information information NN work_27j75zbdvbduhd2fxzmr2pewhy 334 12 : : : work_27j75zbdvbduhd2fxzmr2pewhy 334 13 Bubbles bubble NNS work_27j75zbdvbduhd2fxzmr2pewhy 334 14 , , , work_27j75zbdvbduhd2fxzmr2pewhy 334 15 Crashes Crashes NNPS work_27j75zbdvbduhd2fxzmr2pewhy 334 16 , , , work_27j75zbdvbduhd2fxzmr2pewhy 334 17 Tech- tech- WRB work_27j75zbdvbduhd2fxzmr2pewhy 334 18 nical nical JJ work_27j75zbdvbduhd2fxzmr2pewhy 334 19 Analysis Analysis NNP work_27j75zbdvbduhd2fxzmr2pewhy 334 20 , , , work_27j75zbdvbduhd2fxzmr2pewhy 334 21 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 334 22 Herding Herding NNP work_27j75zbdvbduhd2fxzmr2pewhy 334 23 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 334 24 Oxford Oxford NNP work_27j75zbdvbduhd2fxzmr2pewhy 334 25 University University NNP work_27j75zbdvbduhd2fxzmr2pewhy 334 26 Press Press NNP work_27j75zbdvbduhd2fxzmr2pewhy 334 27 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 334 28 . . . work_27j75zbdvbduhd2fxzmr2pewhy 335 1 Diamond Diamond NNP work_27j75zbdvbduhd2fxzmr2pewhy 335 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 335 3 D.W. D.W. NNP work_27j75zbdvbduhd2fxzmr2pewhy 335 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 335 5 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 335 6 R.E. R.E. NNP work_27j75zbdvbduhd2fxzmr2pewhy 336 1 Verrecchia Verrecchia NNP work_27j75zbdvbduhd2fxzmr2pewhy 336 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 336 3 1981 1981 CD work_27j75zbdvbduhd2fxzmr2pewhy 336 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 336 5 Information Information NNP work_27j75zbdvbduhd2fxzmr2pewhy 336 6 Aggregation Aggregation NNP work_27j75zbdvbduhd2fxzmr2pewhy 336 7 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 336 8 a a DT work_27j75zbdvbduhd2fxzmr2pewhy 336 9 Noisy Noisy NNP work_27j75zbdvbduhd2fxzmr2pewhy 336 10 Rational Rational NNP work_27j75zbdvbduhd2fxzmr2pewhy 336 11 Expec- Expec- NNP work_27j75zbdvbduhd2fxzmr2pewhy 336 12 tations tation NNS work_27j75zbdvbduhd2fxzmr2pewhy 336 13 Economy economy NN work_27j75zbdvbduhd2fxzmr2pewhy 336 14 , , , work_27j75zbdvbduhd2fxzmr2pewhy 336 15 Journal Journal NNP work_27j75zbdvbduhd2fxzmr2pewhy 336 16 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 336 17 Financial Financial NNP work_27j75zbdvbduhd2fxzmr2pewhy 336 18 Economics Economics NNP work_27j75zbdvbduhd2fxzmr2pewhy 336 19 9 9 CD work_27j75zbdvbduhd2fxzmr2pewhy 336 20 , , , work_27j75zbdvbduhd2fxzmr2pewhy 336 21 221–235 221–235 CD work_27j75zbdvbduhd2fxzmr2pewhy 336 22 . . . work_27j75zbdvbduhd2fxzmr2pewhy 337 1 Easley Easley NNP work_27j75zbdvbduhd2fxzmr2pewhy 337 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 337 3 D. D. NNP work_27j75zbdvbduhd2fxzmr2pewhy 337 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 337 5 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 337 6 M. M. NNP work_27j75zbdvbduhd2fxzmr2pewhy 337 7 O’hara O’hara NNP work_27j75zbdvbduhd2fxzmr2pewhy 337 8 , , , work_27j75zbdvbduhd2fxzmr2pewhy 337 9 2004 2004 CD work_27j75zbdvbduhd2fxzmr2pewhy 337 10 , , , work_27j75zbdvbduhd2fxzmr2pewhy 337 11 Information information NN work_27j75zbdvbduhd2fxzmr2pewhy 337 12 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 337 13 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 337 14 Cost cost NN work_27j75zbdvbduhd2fxzmr2pewhy 337 15 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 337 16 Capital capital NN work_27j75zbdvbduhd2fxzmr2pewhy 337 17 , , , work_27j75zbdvbduhd2fxzmr2pewhy 337 18 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 337 19 Journal Journal NNP work_27j75zbdvbduhd2fxzmr2pewhy 337 20 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 337 21 Finance Finance NNP work_27j75zbdvbduhd2fxzmr2pewhy 337 22 59 59 CD work_27j75zbdvbduhd2fxzmr2pewhy 337 23 , , , work_27j75zbdvbduhd2fxzmr2pewhy 337 24 1553–1583 1553–1583 CD work_27j75zbdvbduhd2fxzmr2pewhy 337 25 . . . work_27j75zbdvbduhd2fxzmr2pewhy 338 1 Fama Fama NNP work_27j75zbdvbduhd2fxzmr2pewhy 338 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 338 3 E.F. E.F. NNP work_27j75zbdvbduhd2fxzmr2pewhy 338 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 338 5 1970 1970 CD work_27j75zbdvbduhd2fxzmr2pewhy 338 6 , , , work_27j75zbdvbduhd2fxzmr2pewhy 338 7 Efficient Efficient NNP work_27j75zbdvbduhd2fxzmr2pewhy 338 8 Capital Capital NNP work_27j75zbdvbduhd2fxzmr2pewhy 338 9 Markets Markets NNPS work_27j75zbdvbduhd2fxzmr2pewhy 338 10 : : : work_27j75zbdvbduhd2fxzmr2pewhy 338 11 A a DT work_27j75zbdvbduhd2fxzmr2pewhy 338 12 Review Review NNP work_27j75zbdvbduhd2fxzmr2pewhy 338 13 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 338 14 Theory Theory NNP work_27j75zbdvbduhd2fxzmr2pewhy 338 15 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 338 16 Empirical Empirical NNP work_27j75zbdvbduhd2fxzmr2pewhy 338 17 Work Work NNP work_27j75zbdvbduhd2fxzmr2pewhy 338 18 , , , work_27j75zbdvbduhd2fxzmr2pewhy 338 19 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 338 20 Journal Journal NNP work_27j75zbdvbduhd2fxzmr2pewhy 338 21 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 338 22 Finance Finance NNP work_27j75zbdvbduhd2fxzmr2pewhy 338 23 25 25 CD work_27j75zbdvbduhd2fxzmr2pewhy 338 24 , , , work_27j75zbdvbduhd2fxzmr2pewhy 338 25 383–417 383–417 CD work_27j75zbdvbduhd2fxzmr2pewhy 338 26 . . . work_27j75zbdvbduhd2fxzmr2pewhy 339 1 32 32 CD work_27j75zbdvbduhd2fxzmr2pewhy 339 2 FASB FASB NNP work_27j75zbdvbduhd2fxzmr2pewhy 339 3 , , , work_27j75zbdvbduhd2fxzmr2pewhy 339 4 1978 1978 CD work_27j75zbdvbduhd2fxzmr2pewhy 339 5 , , , work_27j75zbdvbduhd2fxzmr2pewhy 339 6 Statements Statements NNPS work_27j75zbdvbduhd2fxzmr2pewhy 339 7 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 339 8 Financial Financial NNP work_27j75zbdvbduhd2fxzmr2pewhy 339 9 Accounting Accounting NNP work_27j75zbdvbduhd2fxzmr2pewhy 339 10 Concepts Concepts NNP work_27j75zbdvbduhd2fxzmr2pewhy 339 11 for for IN work_27j75zbdvbduhd2fxzmr2pewhy 339 12 Business Business NNP work_27j75zbdvbduhd2fxzmr2pewhy 339 13 Enterprises Enterprises NNP work_27j75zbdvbduhd2fxzmr2pewhy 339 14 No no UH work_27j75zbdvbduhd2fxzmr2pewhy 339 15 . . . work_27j75zbdvbduhd2fxzmr2pewhy 340 1 1 1 LS work_27j75zbdvbduhd2fxzmr2pewhy 340 2 : : : work_27j75zbdvbduhd2fxzmr2pewhy 340 3 Objec- Objec- NNP work_27j75zbdvbduhd2fxzmr2pewhy 340 4 tives tive NNS work_27j75zbdvbduhd2fxzmr2pewhy 340 5 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 340 6 Financial Financial NNP work_27j75zbdvbduhd2fxzmr2pewhy 340 7 Reporting Reporting NNP work_27j75zbdvbduhd2fxzmr2pewhy 340 8 by by IN work_27j75zbdvbduhd2fxzmr2pewhy 340 9 Business Business NNP work_27j75zbdvbduhd2fxzmr2pewhy 340 10 Enterprises Enterprises NNP work_27j75zbdvbduhd2fxzmr2pewhy 340 11 , , , work_27j75zbdvbduhd2fxzmr2pewhy 340 12 Stamford Stamford NNP work_27j75zbdvbduhd2fxzmr2pewhy 340 13 , , , work_27j75zbdvbduhd2fxzmr2pewhy 340 14 Connecticut Connecticut NNP work_27j75zbdvbduhd2fxzmr2pewhy 340 15 : : : work_27j75zbdvbduhd2fxzmr2pewhy 340 16 Financial Financial NNP work_27j75zbdvbduhd2fxzmr2pewhy 340 17 Account- Account- NNP work_27j75zbdvbduhd2fxzmr2pewhy 340 18 ing ing NNP work_27j75zbdvbduhd2fxzmr2pewhy 340 19 Standards Standards NNP work_27j75zbdvbduhd2fxzmr2pewhy 340 20 Board Board NNP work_27j75zbdvbduhd2fxzmr2pewhy 340 21 . . . work_27j75zbdvbduhd2fxzmr2pewhy 341 1 Grossman Grossman NNP work_27j75zbdvbduhd2fxzmr2pewhy 341 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 341 3 S. S. NNP work_27j75zbdvbduhd2fxzmr2pewhy 341 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 341 5 1976 1976 CD work_27j75zbdvbduhd2fxzmr2pewhy 341 6 , , , work_27j75zbdvbduhd2fxzmr2pewhy 341 7 On on IN work_27j75zbdvbduhd2fxzmr2pewhy 341 8 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 341 9 Efficiency Efficiency NNP work_27j75zbdvbduhd2fxzmr2pewhy 341 10 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 341 11 Competitive Competitive NNP work_27j75zbdvbduhd2fxzmr2pewhy 341 12 Stock Stock NNP work_27j75zbdvbduhd2fxzmr2pewhy 341 13 Markets Markets NNPS work_27j75zbdvbduhd2fxzmr2pewhy 341 14 Where where WRB work_27j75zbdvbduhd2fxzmr2pewhy 341 15 Trades trade NNS work_27j75zbdvbduhd2fxzmr2pewhy 341 16 Have have VBP work_27j75zbdvbduhd2fxzmr2pewhy 341 17 Diverse diverse JJ work_27j75zbdvbduhd2fxzmr2pewhy 341 18 Information information NN work_27j75zbdvbduhd2fxzmr2pewhy 341 19 , , , work_27j75zbdvbduhd2fxzmr2pewhy 341 20 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 341 21 Journal Journal NNP work_27j75zbdvbduhd2fxzmr2pewhy 341 22 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 341 23 Finance Finance NNP work_27j75zbdvbduhd2fxzmr2pewhy 341 24 31 31 CD work_27j75zbdvbduhd2fxzmr2pewhy 341 25 , , , work_27j75zbdvbduhd2fxzmr2pewhy 341 26 573–585 573–585 CD work_27j75zbdvbduhd2fxzmr2pewhy 341 27 . . . work_27j75zbdvbduhd2fxzmr2pewhy 342 1 Grossman Grossman NNP work_27j75zbdvbduhd2fxzmr2pewhy 342 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 342 3 S.J. S.J. NNP work_27j75zbdvbduhd2fxzmr2pewhy 342 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 342 5 1995 1995 CD work_27j75zbdvbduhd2fxzmr2pewhy 342 6 , , , work_27j75zbdvbduhd2fxzmr2pewhy 342 7 Dynamic Dynamic NNP work_27j75zbdvbduhd2fxzmr2pewhy 342 8 Asset Asset NNP work_27j75zbdvbduhd2fxzmr2pewhy 342 9 Allocation Allocation NNP work_27j75zbdvbduhd2fxzmr2pewhy 342 10 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 342 11 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 342 12 Informational Informational NNP work_27j75zbdvbduhd2fxzmr2pewhy 342 13 Efficiency Efficiency NNP work_27j75zbdvbduhd2fxzmr2pewhy 342 14 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 342 15 Markets Markets NNPS work_27j75zbdvbduhd2fxzmr2pewhy 342 16 , , , work_27j75zbdvbduhd2fxzmr2pewhy 342 17 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 342 18 Journal Journal NNP work_27j75zbdvbduhd2fxzmr2pewhy 342 19 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 342 20 Finance Finance NNP work_27j75zbdvbduhd2fxzmr2pewhy 342 21 50 50 CD work_27j75zbdvbduhd2fxzmr2pewhy 342 22 , , , work_27j75zbdvbduhd2fxzmr2pewhy 342 23 773–787 773–787 CD work_27j75zbdvbduhd2fxzmr2pewhy 342 24 . . . work_27j75zbdvbduhd2fxzmr2pewhy 343 1 , , , work_27j75zbdvbduhd2fxzmr2pewhy 343 2 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 343 3 J.E. J.E. NNP work_27j75zbdvbduhd2fxzmr2pewhy 344 1 Stiglitz Stiglitz NNP work_27j75zbdvbduhd2fxzmr2pewhy 344 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 344 3 1980 1980 CD work_27j75zbdvbduhd2fxzmr2pewhy 344 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 344 5 On on IN work_27j75zbdvbduhd2fxzmr2pewhy 344 6 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 344 7 Impossibility Impossibility NNP work_27j75zbdvbduhd2fxzmr2pewhy 344 8 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 344 9 Informationally Informationally NNP work_27j75zbdvbduhd2fxzmr2pewhy 344 10 Efficient Efficient NNP work_27j75zbdvbduhd2fxzmr2pewhy 344 11 Markets Markets NNPS work_27j75zbdvbduhd2fxzmr2pewhy 344 12 , , , work_27j75zbdvbduhd2fxzmr2pewhy 344 13 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 344 14 American American NNP work_27j75zbdvbduhd2fxzmr2pewhy 344 15 Economic Economic NNP work_27j75zbdvbduhd2fxzmr2pewhy 344 16 Review Review NNP work_27j75zbdvbduhd2fxzmr2pewhy 344 17 70 70 CD work_27j75zbdvbduhd2fxzmr2pewhy 344 18 , , , work_27j75zbdvbduhd2fxzmr2pewhy 344 19 393–408 393–408 CD work_27j75zbdvbduhd2fxzmr2pewhy 344 20 . . . work_27j75zbdvbduhd2fxzmr2pewhy 345 1 Grundy Grundy NNP work_27j75zbdvbduhd2fxzmr2pewhy 345 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 345 3 B.D. B.D. NNP work_27j75zbdvbduhd2fxzmr2pewhy 345 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 345 5 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 345 6 M. M. NNP work_27j75zbdvbduhd2fxzmr2pewhy 345 7 McNichols McNichols NNP work_27j75zbdvbduhd2fxzmr2pewhy 345 8 , , , work_27j75zbdvbduhd2fxzmr2pewhy 345 9 1989 1989 CD work_27j75zbdvbduhd2fxzmr2pewhy 345 10 , , , work_27j75zbdvbduhd2fxzmr2pewhy 345 11 Trade Trade NNP work_27j75zbdvbduhd2fxzmr2pewhy 345 12 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 345 13 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 345 14 revelation revelation NN work_27j75zbdvbduhd2fxzmr2pewhy 345 15 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 345 16 information information NN work_27j75zbdvbduhd2fxzmr2pewhy 345 17 through through IN work_27j75zbdvbduhd2fxzmr2pewhy 345 18 prices price NNS work_27j75zbdvbduhd2fxzmr2pewhy 345 19 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 345 20 direct direct JJ work_27j75zbdvbduhd2fxzmr2pewhy 345 21 disclosure disclosure NN work_27j75zbdvbduhd2fxzmr2pewhy 345 22 , , , work_27j75zbdvbduhd2fxzmr2pewhy 345 23 Review Review NNP work_27j75zbdvbduhd2fxzmr2pewhy 345 24 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 345 25 Financial Financial NNP work_27j75zbdvbduhd2fxzmr2pewhy 345 26 Studies Studies NNPS work_27j75zbdvbduhd2fxzmr2pewhy 345 27 2 2 CD work_27j75zbdvbduhd2fxzmr2pewhy 345 28 , , , work_27j75zbdvbduhd2fxzmr2pewhy 345 29 495–526 495–526 CD work_27j75zbdvbduhd2fxzmr2pewhy 345 30 . . . work_27j75zbdvbduhd2fxzmr2pewhy 346 1 Hayek Hayek NNP work_27j75zbdvbduhd2fxzmr2pewhy 346 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 346 3 F.A. F.A. NNP work_27j75zbdvbduhd2fxzmr2pewhy 346 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 346 5 1945 1945 CD work_27j75zbdvbduhd2fxzmr2pewhy 346 6 , , , work_27j75zbdvbduhd2fxzmr2pewhy 346 7 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 346 8 Use Use NNP work_27j75zbdvbduhd2fxzmr2pewhy 346 9 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 346 10 Knowledge Knowledge NNP work_27j75zbdvbduhd2fxzmr2pewhy 346 11 in in IN work_27j75zbdvbduhd2fxzmr2pewhy 346 12 Society Society NNP work_27j75zbdvbduhd2fxzmr2pewhy 346 13 , , , work_27j75zbdvbduhd2fxzmr2pewhy 346 14 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 346 15 American American NNP work_27j75zbdvbduhd2fxzmr2pewhy 346 16 Economic Economic NNP work_27j75zbdvbduhd2fxzmr2pewhy 346 17 Review Review NNP work_27j75zbdvbduhd2fxzmr2pewhy 346 18 35 35 CD work_27j75zbdvbduhd2fxzmr2pewhy 346 19 , , , work_27j75zbdvbduhd2fxzmr2pewhy 346 20 519–530 519–530 CD work_27j75zbdvbduhd2fxzmr2pewhy 346 21 . . . work_27j75zbdvbduhd2fxzmr2pewhy 347 1 Hirota Hirota NNP work_27j75zbdvbduhd2fxzmr2pewhy 347 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 347 3 S. S. NNP work_27j75zbdvbduhd2fxzmr2pewhy 347 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 347 5 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 347 6 S. S. NNP work_27j75zbdvbduhd2fxzmr2pewhy 347 7 Sunder Sunder NNP work_27j75zbdvbduhd2fxzmr2pewhy 347 8 , , , work_27j75zbdvbduhd2fxzmr2pewhy 347 9 2007 2007 CD work_27j75zbdvbduhd2fxzmr2pewhy 347 10 , , , work_27j75zbdvbduhd2fxzmr2pewhy 347 11 Price Price NNP work_27j75zbdvbduhd2fxzmr2pewhy 347 12 Bubbles Bubbles NNPS work_27j75zbdvbduhd2fxzmr2pewhy 347 13 Sans Sans NNPS work_27j75zbdvbduhd2fxzmr2pewhy 347 14 Dividend Dividend NNP work_27j75zbdvbduhd2fxzmr2pewhy 347 15 Anchors Anchors NNPS work_27j75zbdvbduhd2fxzmr2pewhy 347 16 : : : work_27j75zbdvbduhd2fxzmr2pewhy 347 17 Evidence evidence NN work_27j75zbdvbduhd2fxzmr2pewhy 347 18 from from IN work_27j75zbdvbduhd2fxzmr2pewhy 347 19 Laboratory Laboratory NNP work_27j75zbdvbduhd2fxzmr2pewhy 347 20 Stock Stock NNP work_27j75zbdvbduhd2fxzmr2pewhy 347 21 Markets Markets NNP work_27j75zbdvbduhd2fxzmr2pewhy 347 22 , , , work_27j75zbdvbduhd2fxzmr2pewhy 347 23 Journal Journal NNP work_27j75zbdvbduhd2fxzmr2pewhy 347 24 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 347 25 Economic Economic NNP work_27j75zbdvbduhd2fxzmr2pewhy 347 26 Dynamics Dynamics NNPS work_27j75zbdvbduhd2fxzmr2pewhy 347 27 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 347 28 Control Control NNP work_27j75zbdvbduhd2fxzmr2pewhy 347 29 31 31 CD work_27j75zbdvbduhd2fxzmr2pewhy 347 30 , , , work_27j75zbdvbduhd2fxzmr2pewhy 347 31 1875–1909 1875–1909 CD work_27j75zbdvbduhd2fxzmr2pewhy 347 32 . . . work_27j75zbdvbduhd2fxzmr2pewhy 348 1 Hirshleifer Hirshleifer NNP work_27j75zbdvbduhd2fxzmr2pewhy 348 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 348 3 J. J. NNP work_27j75zbdvbduhd2fxzmr2pewhy 348 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 348 5 1971 1971 CD work_27j75zbdvbduhd2fxzmr2pewhy 348 6 , , , work_27j75zbdvbduhd2fxzmr2pewhy 348 7 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 348 8 Private private JJ work_27j75zbdvbduhd2fxzmr2pewhy 348 9 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 348 10 Social Social NNP work_27j75zbdvbduhd2fxzmr2pewhy 348 11 Value Value NNP work_27j75zbdvbduhd2fxzmr2pewhy 348 12 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 348 13 Information Information NNP work_27j75zbdvbduhd2fxzmr2pewhy 348 14 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 348 15 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 348 16 Reward Reward NNP work_27j75zbdvbduhd2fxzmr2pewhy 348 17 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 348 18 Inventive Inventive NNP work_27j75zbdvbduhd2fxzmr2pewhy 348 19 Activity Activity NNP work_27j75zbdvbduhd2fxzmr2pewhy 348 20 , , , work_27j75zbdvbduhd2fxzmr2pewhy 348 21 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 348 22 American American NNP work_27j75zbdvbduhd2fxzmr2pewhy 348 23 Economic Economic NNP work_27j75zbdvbduhd2fxzmr2pewhy 348 24 Review Review NNP work_27j75zbdvbduhd2fxzmr2pewhy 348 25 61 61 CD work_27j75zbdvbduhd2fxzmr2pewhy 348 26 , , , work_27j75zbdvbduhd2fxzmr2pewhy 348 27 561–574 561–574 CD work_27j75zbdvbduhd2fxzmr2pewhy 348 28 . . . work_27j75zbdvbduhd2fxzmr2pewhy 349 1 Keynes Keynes NNP work_27j75zbdvbduhd2fxzmr2pewhy 349 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 349 3 J.M. J.M. NNP work_27j75zbdvbduhd2fxzmr2pewhy 349 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 349 5 1936 1936 CD work_27j75zbdvbduhd2fxzmr2pewhy 349 6 , , , work_27j75zbdvbduhd2fxzmr2pewhy 349 7 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 349 8 general general JJ work_27j75zbdvbduhd2fxzmr2pewhy 349 9 theory theory NN work_27j75zbdvbduhd2fxzmr2pewhy 349 10 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 349 11 employment employment NN work_27j75zbdvbduhd2fxzmr2pewhy 349 12 interest interest NN work_27j75zbdvbduhd2fxzmr2pewhy 349 13 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 349 14 money money NN work_27j75zbdvbduhd2fxzmr2pewhy 349 15 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 349 16 Macmillan Macmillan NNP work_27j75zbdvbduhd2fxzmr2pewhy 349 17 London London NNP work_27j75zbdvbduhd2fxzmr2pewhy 349 18 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 349 19 . . . work_27j75zbdvbduhd2fxzmr2pewhy 350 1 Lambert Lambert NNP work_27j75zbdvbduhd2fxzmr2pewhy 350 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 350 3 R. R. NNP work_27j75zbdvbduhd2fxzmr2pewhy 350 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 350 5 C. C. NNP work_27j75zbdvbduhd2fxzmr2pewhy 350 6 Leuz Leuz NNP work_27j75zbdvbduhd2fxzmr2pewhy 350 7 , , , work_27j75zbdvbduhd2fxzmr2pewhy 350 8 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 350 9 R.E. R.E. NNP work_27j75zbdvbduhd2fxzmr2pewhy 351 1 Verrecchia Verrecchia NNP work_27j75zbdvbduhd2fxzmr2pewhy 351 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 351 3 2007a 2007a CD work_27j75zbdvbduhd2fxzmr2pewhy 351 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 351 5 Accounting Accounting NNP work_27j75zbdvbduhd2fxzmr2pewhy 351 6 Information Information NNP work_27j75zbdvbduhd2fxzmr2pewhy 351 7 , , , work_27j75zbdvbduhd2fxzmr2pewhy 351 8 Disclosure Disclosure NNP work_27j75zbdvbduhd2fxzmr2pewhy 351 9 , , , work_27j75zbdvbduhd2fxzmr2pewhy 351 10 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 351 11 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 351 12 Cost cost NN work_27j75zbdvbduhd2fxzmr2pewhy 351 13 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 351 14 Capital Capital NNP work_27j75zbdvbduhd2fxzmr2pewhy 351 15 , , , work_27j75zbdvbduhd2fxzmr2pewhy 351 16 Journal Journal NNP work_27j75zbdvbduhd2fxzmr2pewhy 351 17 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 351 18 Accounting Accounting NNP work_27j75zbdvbduhd2fxzmr2pewhy 351 19 Research Research NNP work_27j75zbdvbduhd2fxzmr2pewhy 351 20 45 45 CD work_27j75zbdvbduhd2fxzmr2pewhy 351 21 , , , work_27j75zbdvbduhd2fxzmr2pewhy 351 22 385–420 385–420 CD work_27j75zbdvbduhd2fxzmr2pewhy 351 23 . . . work_27j75zbdvbduhd2fxzmr2pewhy 352 1 33 33 CD work_27j75zbdvbduhd2fxzmr2pewhy 352 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 352 3 2007b 2007b CD work_27j75zbdvbduhd2fxzmr2pewhy 352 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 352 5 Information Information NNP work_27j75zbdvbduhd2fxzmr2pewhy 352 6 Asymmetry Asymmetry NNP work_27j75zbdvbduhd2fxzmr2pewhy 352 7 , , , work_27j75zbdvbduhd2fxzmr2pewhy 352 8 Information Information NNP work_27j75zbdvbduhd2fxzmr2pewhy 352 9 Precision Precision NNP work_27j75zbdvbduhd2fxzmr2pewhy 352 10 , , , work_27j75zbdvbduhd2fxzmr2pewhy 352 11 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 352 12 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 352 13 Cost cost NN work_27j75zbdvbduhd2fxzmr2pewhy 352 14 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 352 15 Capital capital NN work_27j75zbdvbduhd2fxzmr2pewhy 352 16 , , , work_27j75zbdvbduhd2fxzmr2pewhy 352 17 working work VBG work_27j75zbdvbduhd2fxzmr2pewhy 352 18 paper paper NN work_27j75zbdvbduhd2fxzmr2pewhy 352 19 . . . work_27j75zbdvbduhd2fxzmr2pewhy 353 1 Morris Morris NNP work_27j75zbdvbduhd2fxzmr2pewhy 353 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 353 3 S. S. NNP work_27j75zbdvbduhd2fxzmr2pewhy 353 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 353 5 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 353 6 H.S. H.S. NNP work_27j75zbdvbduhd2fxzmr2pewhy 354 1 Shin Shin NNP work_27j75zbdvbduhd2fxzmr2pewhy 354 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 354 3 2002 2002 CD work_27j75zbdvbduhd2fxzmr2pewhy 354 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 354 5 Social Social NNP work_27j75zbdvbduhd2fxzmr2pewhy 354 6 Value Value NNP work_27j75zbdvbduhd2fxzmr2pewhy 354 7 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 354 8 Public Public NNP work_27j75zbdvbduhd2fxzmr2pewhy 354 9 Information Information NNP work_27j75zbdvbduhd2fxzmr2pewhy 354 10 , , , work_27j75zbdvbduhd2fxzmr2pewhy 354 11 The the DT work_27j75zbdvbduhd2fxzmr2pewhy 354 12 American American NNP work_27j75zbdvbduhd2fxzmr2pewhy 354 13 Economic Economic NNP work_27j75zbdvbduhd2fxzmr2pewhy 354 14 Review Review NNP work_27j75zbdvbduhd2fxzmr2pewhy 354 15 92 92 CD work_27j75zbdvbduhd2fxzmr2pewhy 354 16 , , , work_27j75zbdvbduhd2fxzmr2pewhy 354 17 1521–1534 1521–1534 CD work_27j75zbdvbduhd2fxzmr2pewhy 354 18 . . . work_27j75zbdvbduhd2fxzmr2pewhy 355 1 Plantin Plantin NNP work_27j75zbdvbduhd2fxzmr2pewhy 355 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 355 3 G. G. NNP work_27j75zbdvbduhd2fxzmr2pewhy 355 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 355 5 H. H. NNP work_27j75zbdvbduhd2fxzmr2pewhy 355 6 Sapra Sapra NNP work_27j75zbdvbduhd2fxzmr2pewhy 355 7 , , , work_27j75zbdvbduhd2fxzmr2pewhy 355 8 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 355 9 H.S. H.S. NNP work_27j75zbdvbduhd2fxzmr2pewhy 356 1 Shin Shin NNP work_27j75zbdvbduhd2fxzmr2pewhy 356 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 356 3 2007 2007 CD work_27j75zbdvbduhd2fxzmr2pewhy 356 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 356 5 Marking mark VBG work_27j75zbdvbduhd2fxzmr2pewhy 356 6 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 356 7 to to IN work_27j75zbdvbduhd2fxzmr2pewhy 356 8 - - HYPH work_27j75zbdvbduhd2fxzmr2pewhy 356 9 Market market NN work_27j75zbdvbduhd2fxzmr2pewhy 356 10 : : : work_27j75zbdvbduhd2fxzmr2pewhy 356 11 Panacea Panacea NNP work_27j75zbdvbduhd2fxzmr2pewhy 356 12 or or CC work_27j75zbdvbduhd2fxzmr2pewhy 356 13 Pandora Pandora NNP work_27j75zbdvbduhd2fxzmr2pewhy 356 14 ’s ’s POS work_27j75zbdvbduhd2fxzmr2pewhy 356 15 Box Box NNP work_27j75zbdvbduhd2fxzmr2pewhy 356 16 , , , work_27j75zbdvbduhd2fxzmr2pewhy 356 17 Journal Journal NNP work_27j75zbdvbduhd2fxzmr2pewhy 356 18 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 356 19 Accounting Accounting NNP work_27j75zbdvbduhd2fxzmr2pewhy 356 20 Research Research NNP work_27j75zbdvbduhd2fxzmr2pewhy 356 21 forthcoming forthcoming JJ work_27j75zbdvbduhd2fxzmr2pewhy 356 22 . . . work_27j75zbdvbduhd2fxzmr2pewhy 357 1 Shiller Shiller NNP work_27j75zbdvbduhd2fxzmr2pewhy 357 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 357 3 R.J. R.J. NNP work_27j75zbdvbduhd2fxzmr2pewhy 357 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 357 5 2000 2000 CD work_27j75zbdvbduhd2fxzmr2pewhy 357 6 , , , work_27j75zbdvbduhd2fxzmr2pewhy 357 7 Irrational Irrational NNP work_27j75zbdvbduhd2fxzmr2pewhy 357 8 Exuberance Exuberance NNP work_27j75zbdvbduhd2fxzmr2pewhy 357 9 ( ( -LRB- work_27j75zbdvbduhd2fxzmr2pewhy 357 10 Princeton Princeton NNP work_27j75zbdvbduhd2fxzmr2pewhy 357 11 , , , work_27j75zbdvbduhd2fxzmr2pewhy 357 12 NJ NJ NNP work_27j75zbdvbduhd2fxzmr2pewhy 357 13 : : : work_27j75zbdvbduhd2fxzmr2pewhy 357 14 Princeton Princeton NNP work_27j75zbdvbduhd2fxzmr2pewhy 357 15 University University NNP work_27j75zbdvbduhd2fxzmr2pewhy 357 16 Press Press NNP work_27j75zbdvbduhd2fxzmr2pewhy 357 17 ) ) -RRB- work_27j75zbdvbduhd2fxzmr2pewhy 357 18 . . . work_27j75zbdvbduhd2fxzmr2pewhy 358 1 Tobin Tobin NNP work_27j75zbdvbduhd2fxzmr2pewhy 358 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 358 3 J. J. NNP work_27j75zbdvbduhd2fxzmr2pewhy 358 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 358 5 1984 1984 CD work_27j75zbdvbduhd2fxzmr2pewhy 358 6 , , , work_27j75zbdvbduhd2fxzmr2pewhy 358 7 On on IN work_27j75zbdvbduhd2fxzmr2pewhy 358 8 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 358 9 Efficiency Efficiency NNP work_27j75zbdvbduhd2fxzmr2pewhy 358 10 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 358 11 the the DT work_27j75zbdvbduhd2fxzmr2pewhy 358 12 Financial Financial NNP work_27j75zbdvbduhd2fxzmr2pewhy 358 13 System System NNP work_27j75zbdvbduhd2fxzmr2pewhy 358 14 , , , work_27j75zbdvbduhd2fxzmr2pewhy 358 15 Lloyd Lloyd NNP work_27j75zbdvbduhd2fxzmr2pewhy 358 16 ’s ’s POS work_27j75zbdvbduhd2fxzmr2pewhy 358 17 Bank Bank NNP work_27j75zbdvbduhd2fxzmr2pewhy 358 18 Review Review NNP work_27j75zbdvbduhd2fxzmr2pewhy 358 19 153 153 CD work_27j75zbdvbduhd2fxzmr2pewhy 358 20 , , , work_27j75zbdvbduhd2fxzmr2pewhy 358 21 1–15 1–15 CD work_27j75zbdvbduhd2fxzmr2pewhy 358 22 . . . work_27j75zbdvbduhd2fxzmr2pewhy 359 1 Walther Walther NNP work_27j75zbdvbduhd2fxzmr2pewhy 359 2 , , , work_27j75zbdvbduhd2fxzmr2pewhy 359 3 B.R. B.R. NNP work_27j75zbdvbduhd2fxzmr2pewhy 359 4 , , , work_27j75zbdvbduhd2fxzmr2pewhy 359 5 2004 2004 CD work_27j75zbdvbduhd2fxzmr2pewhy 359 6 , , , work_27j75zbdvbduhd2fxzmr2pewhy 359 7 Discussion Discussion NNP work_27j75zbdvbduhd2fxzmr2pewhy 359 8 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 359 9 Information Information NNP work_27j75zbdvbduhd2fxzmr2pewhy 359 10 Transparency Transparency NNP work_27j75zbdvbduhd2fxzmr2pewhy 359 11 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 359 12 Coordination Coordination NNP work_27j75zbdvbduhd2fxzmr2pewhy 359 13 Failure Failure NNP work_27j75zbdvbduhd2fxzmr2pewhy 359 14 : : : work_27j75zbdvbduhd2fxzmr2pewhy 359 15 Theory Theory NNP work_27j75zbdvbduhd2fxzmr2pewhy 359 16 and and CC work_27j75zbdvbduhd2fxzmr2pewhy 359 17 Experiment Experiment NNP work_27j75zbdvbduhd2fxzmr2pewhy 359 18 , , , work_27j75zbdvbduhd2fxzmr2pewhy 359 19 Journal Journal NNP work_27j75zbdvbduhd2fxzmr2pewhy 359 20 of of IN work_27j75zbdvbduhd2fxzmr2pewhy 359 21 Accounting Accounting NNP work_27j75zbdvbduhd2fxzmr2pewhy 359 22 Research Research NNP work_27j75zbdvbduhd2fxzmr2pewhy 359 23 42 42 CD work_27j75zbdvbduhd2fxzmr2pewhy 359 24 , , , work_27j75zbdvbduhd2fxzmr2pewhy 359 25 197–205 197–205 CD work_27j75zbdvbduhd2fxzmr2pewhy 359 26 . . . work_27j75zbdvbduhd2fxzmr2pewhy 360 1 34 34 CD