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UP
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An experimental condition where financial analysts expect the stock market to move upward this year
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DOWN
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An experimental condition where financial analysts expect the stock market to move downward this year
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TRUST
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Trust in financial analysts' expectations
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UP:TRUST
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Interaction of up and trust
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DOWN:TRUST
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Interaction of down and trust
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Liquidity
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Fear of losing liquidity
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Family risk pooling
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Having family members that individuals can rely on financially
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Bequest
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Wanting to leave money for family members after death
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Bequest:income
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Interaction of bequest and household income
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Investment frame
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Thinking of an annuity as an investment rather than an insurance
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Annuity antipathy
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Deep annuity aversion
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Mortality salience
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Increased accessibility of death-related thoughts
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Self-selection
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Life expectancy compared to peers
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Further controls
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Time spent on answering the hypothetical scenario question, loss aversion, risk aversion, subjective discount rate, education level, female, number of children, and household income
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