Conclusions: Overall

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• All results are highly preliminary

• Expanded surveys planned
  • larger and more diverse sample size
  • after choice made, show comparable constant mix strategy
    • ask participant to indicate % of budget that would be spent to obtain this distribution
    • would provide an economic measure of the certainty equivalent of the loss in expected utility
  • vary riskless alternative among participants
    • would provide evidence of sensitivity of preferences to wealth

• More research is needed