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crime, deterrence, homicide, police, legal majority age
Earnings dynamics, higher-order earnings risk, non-Gaussian shocks, informality
Belief Disagreements, Speculation, Financial Innovation, Savings, Interest Rate, Risk Premium, Customization, Stock Market Participation
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belief disagreements, Customization, financial innovation, interest rate, Risk premium, Savings, Speculation, Stock Market Participation
real options, uncertainty, investment, learning, competition, private information
