The Two-Period Rational Inattention Model:
Accelerations and Analyses

Kurt F. Lewis

Board of Governors of the Federal Reserve System, Washington, DC 20551, USA

Figure 1: A One-to-One Mapping via the Joint Distribution f(c,w)
Consumption	Wealth: 0.02	Wealth: 0.07	Wealth: 0.13	Wealth: 0.18	Wealth: 0.24	Wealth: 0.29	Wealth: 0.35	Wealth: 0.40	Wealth: 0.46	Wealth: 0.51	Wealth: 0.56	Wealth: 0.62	Wealth: 0.67	Wealth: 0.73	Wealth: 0.78	Wealth: 0.84	Wealth: 0.89	Wealth: 0.95	Wealth: 1.00
0.01	2.06E-03	6.07E-14	3.09E-14	2.18E-14	1.73E-14	1.46E-14	1.27E-14	1.14E-14	1.04E-14	9.57E-15	8.91E-15	8.36E-15	7.89E-15	7.49E-15	7.14E-15	6.83E-15	6.55E-15	6.30E-15	6.08E-15
0.04	0	7.68E-03	1.61E-13	6.40E-14	3.97E-14	2.92E-14	2.33E-14	1.95E-14	1.69E-14	1.50E-14	1.35E-14	1.24E-14	1.14E-14	1.06E-14	9.97E-15	9.40E-15	8.90E-15	8.47E-15	8.09E-15
0.06	0	6.07E-14	1.33E-02	2.83E-13	10.00E-14	5.82E-14	4.08E-14	3.15E-14	2.58E-14	2.19E-14	1.91E-14	1.70E-14	1.54E-14	1.41E-14	1.30E-14	1.21E-14	1.13E-14	1.06E-14	1.01E-14
0.09	0	0	1.61E-13	1.89E-02	4.22E-13	1.40E-13	7.79E-14	5.30E-14	4.00E-14	3.21E-14	2.69E-14	2.32E-14	2.04E-14	1.83E-14	1.66E-14	1.52E-14	1.41E-14	1.31E-14	1.23E-14
0.12	0	0	3.09E-14	2.83E-13	2.45E-02	5.79E-13	1.83E-13	9.89E-14	6.58E-14	4.88E-14	3.87E-14	3.20E-14	2.73E-14	2.39E-14	2.12E-14	1.91E-14	1.74E-14	1.60E-14	1.48E-14
0.15	0	0	0	6.40E-14	4.22E-13	3.02E-02	7.50E-13	2.30E-13	1.21E-13	7.93E-14	5.80E-14	4.54E-14	3.72E-14	3.15E-14	2.74E-14	2.42E-14	2.17E-14	1.96E-14	1.80E-14
0.17	0	0	0	2.18E-14	10.00E-14	5.79E-13	3.58E-02	9.36E-13	2.80E-13	1.45E-13	9.35E-14	6.76E-14	5.24E-14	4.26E-14	3.59E-14	3.09E-14	2.72E-14	2.42E-14	2.19E-14
0.20	0	0	0	0	3.97E-14	1.40E-13	7.50E-13	4.14E-02	1.13E-12	3.32E-13	1.70E-13	1.08E-13	7.75E-14	5.97E-14	4.82E-14	4.03E-14	3.46E-14	3.02E-14	2.69E-14
0.23	0	0	0	0	1.73E-14	5.82E-14	1.83E-13	9.36E-13	4.70E-02	1.34E-12	3.88E-13	1.96E-13	1.24E-13	8.78E-14	6.72E-14	5.39E-14	4.48E-14	3.83E-14	3.34E-14
0.26	0	0	0	0	0	2.92E-14	7.79E-14	2.30E-13	1.13E-12	5.26E-02	1.57E-12	4.47E-13	2.23E-13	1.40E-13	9.85E-14	7.49E-14	5.98E-14	4.95E-14	4.21E-14
0.28	0	0	0	0	0	1.46E-14	4.08E-14	9.89E-14	2.80E-13	1.34E-12	5.83E-02	1.80E-12	5.07E-13	2.51E-13	1.56E-13	1.10E-13	8.28E-14	6.59E-14	5.43E-14
0.31	0	0	0	0	0	0	2.33E-14	5.30E-14	1.21E-13	3.32E-13	1.57E-12	6.39E-02	2.04E-12	5.71E-13	2.81E-13	1.73E-13	1.21E-13	9.10E-14	7.21E-14
0.34	0	0	0	0	0	0	1.27E-14	3.15E-14	6.58E-14	1.45E-13	3.88E-13	1.80E-12	6.95E-02	2.30E-12	6.37E-13	3.11E-13	1.91E-13	1.33E-13	9.94E-14
0.36	0	0	0	0	0	0	0	1.95E-14	4.00E-14	7.93E-14	1.70E-13	4.47E-13	2.04E-12	7.51E-02	2.56E-12	7.05E-13	3.43E-13	2.09E-13	1.45E-13
0.39	0	0	0	0	0	0	0	1.14E-14	2.58E-14	4.88E-14	9.35E-14	1.96E-13	5.07E-13	2.30E-12	8.07E-02	2.83E-12	7.75E-13	3.75E-13	2.28E-13
0.42	0	0	0	0	0	0	0	0	1.69E-14	3.21E-14	5.80E-14	1.08E-13	2.23E-13	5.71E-13	2.56E-12	8.63E-02	3.11E-12	8.48E-13	4.08E-13
0.45	0	0	0	0	0	0	0	0	1.04E-14	2.19E-14	3.87E-14	6.76E-14	1.24E-13	2.51E-13	6.37E-13	2.83E-12	9.20E-02	3.40E-12	9.23E-13
0.47	0	0	0	0	0	0	0	0	0	1.50E-14	2.69E-14	4.54E-14	7.75E-14	1.40E-13	2.81E-13	7.05E-13	3.11E-12	9.76E-02	3.70E-12
0.50	0	0	0	0	0	0	0	0	0	9.57E-15	1.91E-14	3.20E-14	5.24E-14	8.78E-14	1.56E-13	3.11E-13	7.75E-13	3.40E-12	1.03E-01

Return to Figure 1

Figure 2 (Top Left Panel): Comparison of Different Levels of Information-Processing Capacity
Consumption	Wealth: 0.02	Wealth: 0.05	Wealth: 0.09	Wealth: 0.12	Wealth: 0.16	Wealth: 0.19	Wealth: 0.22	Wealth: 0.26	Wealth: 0.29	Wealth: 0.32	Wealth: 0.36	Wealth: 0.39	Wealth: 0.43	Wealth: 0.46	Wealth: 0.49	Wealth: 0.53	Wealth: 0.56	Wealth: 0.59	Wealth: 0.63	Wealth: 0.66	Wealth: 0.70	Wealth: 0.73	Wealth: 0.76	Wealth: 0.80	Wealth: 0.83	Wealth: 0.86	Wealth: 0.90	Wealth: 0.93	Wealth: 0.97	Wealth: 1.00
0.01	1.31E-03	1.06E-16	4.95E-17	3.36E-17	2.60E-17	2.16E-17	1.86E-17	1.65E-17	1.49E-17	1.37E-17	1.27E-17	1.18E-17	1.11E-17	1.05E-17	10.00E-18	9.54E-18	9.13E-18	8.77E-18	8.44E-18	8.14E-18	7.87E-18	7.62E-18	7.40E-18	7.19E-18	6.99E-18	6.81E-18	6.65E-18	6.49E-18	6.34E-18	6.20E-18
0.03	0	3.52E-03	2.42E-16	9.29E-17	5.67E-17	4.11E-17	3.25E-17	2.71E-17	2.34E-17	2.06E-17	1.86E-17	1.69E-17	1.56E-17	1.45E-17	1.35E-17	1.27E-17	1.20E-17	1.14E-17	1.09E-17	1.04E-17	1.00E-17	9.63E-18	9.28E-18	8.96E-18	8.67E-18	8.40E-18	8.15E-18	7.92E-18	7.71E-18	7.51E-18
0.04	0	1.06E-16	5.72E-03	4.05E-16	1.41E-16	8.09E-17	5.63E-17	4.32E-17	3.52E-17	2.98E-17	2.59E-17	2.30E-17	2.08E-17	1.89E-17	1.74E-17	1.62E-17	1.51E-17	1.42E-17	1.35E-17	1.28E-17	1.22E-17	1.16E-17	1.11E-17	1.07E-17	1.03E-17	9.91E-18	9.58E-18	9.27E-18	8.98E-18	8.72E-18
0.06	0	0	2.42E-16	7.93E-03	5.91E-16	1.93E-16	1.07E-16	7.23E-17	5.43E-17	4.35E-17	3.63E-17	3.12E-17	2.74E-17	2.45E-17	2.22E-17	2.03E-17	1.88E-17	1.75E-17	1.63E-17	1.54E-17	1.45E-17	1.38E-17	1.31E-17	1.25E-17	1.20E-17	1.15E-17	1.11E-17	1.07E-17	1.03E-17	9.97E-18
0.08	0	0	4.95E-17	4.05E-16	1.01E-02	7.98E-16	2.50E-16	1.34E-16	8.91E-17	6.58E-17	5.20E-17	4.30E-17	3.66E-17	3.19E-17	2.83E-17	2.55E-17	2.32E-17	2.13E-17	1.97E-17	1.84E-17	1.72E-17	1.62E-17	1.54E-17	1.46E-17	1.39E-17	1.33E-17	1.27E-17	1.22E-17	1.17E-17	1.13E-17
0.09	0	0	0	9.29E-17	5.91E-16	1.24E-02	1.02E-15	3.12E-16	1.64E-16	1.07E-16	7.79E-17	6.08E-17	4.98E-17	4.21E-17	3.64E-17	3.22E-17	2.88E-17	2.61E-17	2.39E-17	2.20E-17	2.04E-17	1.91E-17	1.79E-17	1.69E-17	1.60E-17	1.52E-17	1.45E-17	1.39E-17	1.33E-17	1.28E-17
0.11	0	0	0	3.36E-17	1.41E-16	7.98E-16	1.46E-02	1.27E-15	3.77E-16	1.95E-16	1.25E-16	9.04E-17	7.00E-17	5.68E-17	4.77E-17	4.11E-17	3.61E-17	3.21E-17	2.90E-17	2.64E-17	2.43E-17	2.25E-17	2.10E-17	1.96E-17	1.85E-17	1.75E-17	1.66E-17	1.57E-17	1.50E-17	1.44E-17
0.13	0	0	0	0	5.67E-17	1.93E-16	1.02E-15	1.68E-02	1.53E-15	4.46E-16	2.27E-16	1.45E-16	1.03E-16	7.94E-17	6.41E-17	5.35E-17	4.58E-17	4.00E-17	3.56E-17	3.20E-17	2.90E-17	2.66E-17	2.46E-17	2.28E-17	2.13E-17	2.00E-17	1.89E-17	1.79E-17	1.70E-17	1.62E-17
0.15	0	0	0	0	2.60E-17	8.09E-17	2.50E-16	1.27E-15	1.90E-02	1.80E-15	5.19E-16	2.62E-16	1.65E-16	1.17E-16	8.92E-17	7.15E-17	5.94E-17	5.07E-17	4.41E-17	3.90E-17	3.50E-17	3.17E-17	2.90E-17	2.67E-17	2.47E-17	2.31E-17	2.16E-17	2.03E-17	1.92E-17	1.82E-17
0.16	0	0	0	0	0	4.11E-17	1.07E-16	3.12E-16	1.53E-15	2.12E-02	2.09E-15	5.96E-16	2.97E-16	1.86E-16	1.31E-16	9.92E-17	7.92E-17	6.55E-17	5.56E-17	4.83E-17	4.26E-17	3.80E-17	3.44E-17	3.13E-17	2.88E-17	2.67E-17	2.48E-17	2.32E-17	2.18E-17	2.06E-17
0.18	0	0	0	0	0	2.16E-17	5.63E-17	1.34E-16	3.77E-16	1.80E-15	2.34E-02	2.40E-15	6.75E-16	3.34E-16	2.07E-16	1.45E-16	1.10E-16	8.70E-17	7.17E-17	6.07E-17	5.25E-17	4.62E-17	4.12E-17	3.71E-17	3.38E-17	3.10E-17	2.86E-17	2.66E-17	2.48E-17	2.33E-17
0.20	0	0	0	0	0	0	3.25E-17	7.23E-17	1.64E-16	4.46E-16	2.09E-15	2.56E-02	2.72E-15	7.58E-16	3.72E-16	2.30E-16	1.60E-16	1.20E-16	9.51E-17	7.81E-17	6.59E-17	5.68E-17	4.98E-17	4.43E-17	3.99E-17	3.62E-17	3.31E-17	3.06E-17	2.83E-17	2.64E-17
0.21	0	0	0	0	0	0	1.86E-17	4.32E-17	8.91E-17	1.95E-16	5.19E-16	2.40E-15	2.78E-02	3.05E-15	8.44E-16	4.12E-16	2.53E-16	1.75E-16	1.31E-16	1.03E-16	8.46E-17	7.12E-17	6.12E-17	5.36E-17	4.75E-17	4.27E-17	3.87E-17	3.54E-17	3.25E-17	3.01E-17
0.23	0	0	0	0	0	0	0	2.71E-17	5.43E-17	1.07E-16	2.27E-16	5.96E-16	2.72E-15	3.00E-02	3.39E-15	9.33E-16	4.53E-16	2.76E-16	1.91E-16	1.42E-16	1.12E-16	9.13E-17	7.66E-17	6.57E-17	5.74E-17	5.08E-17	4.55E-17	4.12E-17	3.76E-17	3.46E-17
0.25	0	0	0	0	0	0	0	1.65E-17	3.52E-17	6.58E-17	1.25E-16	2.62E-16	6.75E-16	3.05E-15	3.22E-02	3.75E-15	1.02E-15	4.95E-16	3.01E-16	2.07E-16	1.54E-16	1.21E-16	9.81E-17	8.22E-17	7.03E-17	6.13E-17	5.42E-17	4.84E-17	4.38E-17	3.99E-17
0.26	0	0	0	0	0	0	0	0	2.34E-17	4.35E-17	7.79E-17	1.45E-16	2.97E-16	7.58E-16	3.39E-15	3.44E-02	4.11E-15	1.12E-15	5.38E-16	3.26E-16	2.24E-16	1.66E-16	1.29E-16	1.05E-16	8.78E-17	7.50E-17	6.52E-17	5.75E-17	5.14E-17	4.64E-17
0.28	0	0	0	0	0	0	0	0	1.49E-17	2.98E-17	5.20E-17	9.04E-17	1.65E-16	3.34E-16	8.44E-16	3.75E-15	3.66E-02	4.49E-15	1.22E-15	5.83E-16	3.52E-16	2.40E-16	1.78E-16	1.39E-16	1.12E-16	9.35E-17	7.97E-17	6.92E-17	6.10E-17	5.44E-17
0.30	0	0	0	0	0	0	0	0	0	2.06E-17	3.63E-17	6.08E-17	1.03E-16	1.86E-16	3.72E-16	9.33E-16	4.11E-15	3.89E-02	4.88E-15	1.32E-15	6.28E-16	3.78E-16	2.58E-16	1.90E-16	1.48E-16	1.19E-16	9.94E-17	8.46E-17	7.33E-17	6.45E-17
0.31	0	0	0	0	0	0	0	0	0	1.37E-17	2.59E-17	4.30E-17	7.00E-17	1.17E-16	2.07E-16	4.12E-16	1.02E-15	4.49E-15	4.11E-02	5.28E-15	1.42E-15	6.75E-16	4.05E-16	2.75E-16	2.03E-16	1.57E-16	1.27E-16	1.05E-16	8.95E-17	7.75E-17
0.33	0	0	0	0	0	0	0	0	0	0	1.86E-17	3.12E-17	4.98E-17	7.94E-17	1.31E-16	2.30E-16	4.53E-16	1.12E-15	4.88E-15	4.33E-02	5.69E-15	1.52E-15	7.23E-16	4.32E-16	2.93E-16	2.15E-16	1.67E-16	1.34E-16	1.11E-16	9.45E-17
0.35	0	0	0	0	0	0	0	0	0	0	1.27E-17	2.30E-17	3.66E-17	5.68E-17	8.92E-17	1.45E-16	2.53E-16	4.95E-16	1.22E-15	5.28E-15	4.55E-02	6.11E-15	1.63E-15	7.72E-16	4.61E-16	3.12E-16	2.28E-16	1.77E-16	1.42E-16	1.18E-16
0.36	0	0	0	0	0	0	0	0	0	0	0	1.69E-17	2.74E-17	4.21E-17	6.41E-17	9.92E-17	1.60E-16	2.76E-16	5.38E-16	1.32E-15	5.69E-15	4.77E-02	6.54E-15	1.74E-15	8.22E-16	4.89E-16	3.31E-16	2.42E-16	1.87E-16	1.50E-16
0.38	0	0	0	0	0	0	0	0	0	0	0	1.18E-17	2.08E-17	3.19E-17	4.77E-17	7.15E-17	1.10E-16	1.75E-16	3.01E-16	5.83E-16	1.42E-15	6.11E-15	4.99E-02	6.98E-15	1.85E-15	8.73E-16	5.19E-16	3.50E-16	2.55E-16	1.97E-16
0.40	0	0	0	0	0	0	0	0	0	0	0	0	1.56E-17	2.45E-17	3.64E-17	5.35E-17	7.92E-17	1.20E-16	1.91E-16	3.26E-16	6.28E-16	1.52E-15	6.54E-15	5.21E-02	7.43E-15	1.97E-15	9.25E-16	5.48E-16	3.69E-16	2.69E-16
0.42	0	0	0	0	0	0	0	0	0	0	0	0	1.11E-17	1.89E-17	2.83E-17	4.11E-17	5.94E-17	8.70E-17	1.31E-16	2.07E-16	3.52E-16	6.75E-16	1.63E-15	6.98E-15	5.43E-02	7.88E-15	2.09E-15	9.78E-16	5.79E-16	3.89E-16
0.43	0	0	0	0	0	0	0	0	0	0	0	0	0	1.45E-17	2.22E-17	3.22E-17	4.58E-17	6.55E-17	9.51E-17	1.42E-16	2.24E-16	3.78E-16	7.23E-16	1.74E-15	7.43E-15	5.65E-02	8.35E-15	2.20E-15	1.03E-15	6.10E-16
0.45	0	0	0	0	0	0	0	0	0	0	0	0	0	1.05E-17	1.74E-17	2.55E-17	3.61E-17	5.07E-17	7.17E-17	1.03E-16	1.54E-16	2.40E-16	4.05E-16	7.72E-16	1.85E-15	7.88E-15	5.87E-02	8.83E-15	2.33E-15	1.09E-15
0.47	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1.35E-17	2.03E-17	2.88E-17	4.00E-17	5.56E-17	7.81E-17	1.12E-16	1.66E-16	2.58E-16	4.32E-16	8.22E-16	1.97E-15	8.35E-15	6.09E-02	9.31E-15	2.45E-15
0.48	0	0	0	0	0	0	0	0	0	0	0	0	0	0	10.00E-18	1.62E-17	2.32E-17	3.21E-17	4.41E-17	6.07E-17	8.46E-17	1.21E-16	1.78E-16	2.75E-16	4.61E-16	8.73E-16	2.09E-15	8.83E-15	6.32E-02	9.81E-15
0.50	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1.27E-17	1.88E-17	2.61E-17	3.56E-17	4.83E-17	6.59E-17	9.13E-17	1.29E-16	1.90E-16	2.93E-16	4.89E-16	9.25E-16	2.20E-15	9.31E-15	6.54E-02

Return to Figure 2

Figure 2 (Top Right Panel): Comparison of Different Levels of Information-Processing Capacity
Consumption	Wealth: 0.02	Wealth: 0.05	Wealth: 0.09	Wealth: 0.12	Wealth: 0.16	Wealth: 0.19	Wealth: 0.22	Wealth: 0.26	Wealth: 0.29	Wealth: 0.32	Wealth: 0.36	Wealth: 0.39	Wealth: 0.43	Wealth: 0.46	Wealth: 0.49	Wealth: 0.53	Wealth: 0.56	Wealth: 0.59	Wealth: 0.63	Wealth: 0.66	Wealth: 0.70	Wealth: 0.73	Wealth: 0.76	Wealth: 0.80	Wealth: 0.83	Wealth: 0.86	Wealth: 0.90	Wealth: 0.93	Wealth: 0.97	Wealth: 1.00
0.01	1.31E-03	5.06E-15	4.54E-16	4.12E-16	3.80E-16	3.53E-16	3.30E-16	3.10E-16	2.92E-16	2.76E-16	2.62E-16	2.49E-16	2.38E-16	2.27E-16	2.17E-16	2.09E-16	2.00E-16	1.93E-16	1.86E-16	1.80E-16	1.74E-16	1.68E-16	1.63E-16	1.58E-16	1.54E-16	1.50E-16	1.46E-16	1.42E-16	1.39E-16	1.36E-16
0.03	0	3.52E-03	5.54E-09	2.64E-15	4.71E-16	4.36E-16	4.09E-16	3.87E-16	3.66E-16	3.47E-16	3.30E-16	3.15E-16	3.00E-16	2.87E-16	2.75E-16	2.64E-16	2.53E-16	2.43E-16	2.34E-16	2.26E-16	2.18E-16	2.11E-16	2.04E-16	1.97E-16	1.91E-16	1.85E-16	1.80E-16	1.75E-16	1.70E-16	1.66E-16
0.04	0	7.39E-15	5.72E-03	1.93E-06	5.82E-13	1.34E-15	4.71E-16	4.41E-16	4.19E-16	3.99E-16	3.81E-16	3.64E-16	3.48E-16	3.34E-16	3.20E-16	3.08E-16	2.96E-16	2.84E-16	2.74E-16	2.64E-16	2.55E-16	2.46E-16	2.38E-16	2.30E-16	2.23E-16	2.16E-16	2.10E-16	2.04E-16	1.98E-16	1.93E-16
0.06	0	0	1.25E-08	7.93E-03	3.28E-05	4.09E-10	8.69E-15	8.25E-16	4.67E-16	4.42E-16	4.23E-16	4.05E-16	3.89E-16	3.73E-16	3.59E-16	3.45E-16	3.33E-16	3.21E-16	3.09E-16	2.98E-16	2.88E-16	2.78E-16	2.69E-16	2.61E-16	2.53E-16	2.45E-16	2.37E-16	2.30E-16	2.24E-16	2.18E-16
0.08	0	0	4.57E-16	3.44E-06	1.01E-02	1.70E-04	2.29E-08	3.24E-13	2.38E-15	5.73E-16	4.62E-16	4.41E-16	4.24E-16	4.08E-16	3.93E-16	3.79E-16	3.66E-16	3.53E-16	3.41E-16	3.29E-16	3.19E-16	3.08E-16	2.98E-16	2.89E-16	2.80E-16	2.72E-16	2.63E-16	2.56E-16	2.48E-16	2.42E-16
0.09	0	0	0	3.33E-15	5.14E-05	1.19E-02	4.86E-04	3.36E-07	2.70E-11	9.33E-15	1.18E-15	4.83E-16	4.57E-16	4.39E-16	4.23E-16	4.09E-16	3.95E-16	3.82E-16	3.70E-16	3.58E-16	3.47E-16	3.36E-16	3.25E-16	3.15E-16	3.06E-16	2.97E-16	2.88E-16	2.80E-16	2.72E-16	2.65E-16
0.11	0	0	0	4.15E-16	1.48E-12	2.43E-04	1.34E-02	9.87E-04	2.23E-06	6.82E-10	8.08E-14	2.66E-15	7.38E-16	4.73E-16	4.53E-16	4.37E-16	4.22E-16	4.09E-16	3.96E-16	3.84E-16	3.72E-16	3.61E-16	3.51E-16	3.40E-16	3.30E-16	3.21E-16	3.12E-16	3.03E-16	2.95E-16	2.87E-16
0.13	0	0	0	0	4.74E-16	8.62E-10	6.54E-04	1.45E-02	1.63E-03	9.00E-06	7.86E-09	2.12E-12	7.18E-15	1.31E-15	5.24E-16	4.65E-16	4.48E-16	4.34E-16	4.21E-16	4.08E-16	3.97E-16	3.85E-16	3.74E-16	3.64E-16	3.53E-16	3.44E-16	3.34E-16	3.25E-16	3.16E-16	3.08E-16
0.15	0	0	0	0	3.83E-16	1.56E-15	4.25E-08	1.28E-03	1.53E-02	2.37E-03	2.62E-05	5.30E-08	3.46E-11	2.75E-14	2.49E-15	8.16E-16	4.80E-16	4.59E-16	4.44E-16	4.31E-16	4.19E-16	4.07E-16	3.96E-16	3.86E-16	3.75E-16	3.65E-16	3.55E-16	3.46E-16	3.37E-16	3.29E-16
0.16	0	0	0	0	0	4.38E-16	1.19E-14	5.69E-07	2.05E-03	1.59E-02	3.16E-03	6.07E-05	2.44E-07	3.33E-10	2.21E-13	5.23E-15	1.31E-15	5.73E-16	4.71E-16	4.54E-16	4.41E-16	4.29E-16	4.17E-16	4.06E-16	3.96E-16	3.85E-16	3.76E-16	3.66E-16	3.57E-16	3.48E-16
0.18	0	0	0	0	0	3.56E-16	4.74E-16	7.28E-13	3.55E-06	2.92E-03	1.63E-02	3.97E-03	1.20E-04	8.49E-07	2.15E-09	2.58E-12	1.31E-14	2.18E-15	8.32E-16	4.83E-16	4.64E-16	4.49E-16	4.37E-16	4.26E-16	4.15E-16	4.05E-16	3.95E-16	3.85E-16	3.76E-16	3.67E-16
0.20	0	0	0	0	0	0	4.12E-16	9.24E-16	5.53E-11	1.37E-05	3.82E-03	1.68E-02	4.79E-03	2.09E-04	2.39E-06	1.02E-08	2.13E-11	4.47E-14	3.88E-15	1.23E-15	5.91E-16	4.73E-16	4.58E-16	4.45E-16	4.34E-16	4.23E-16	4.13E-16	4.03E-16	3.94E-16	3.85E-16
0.21	0	0	0	0	0	0	3.33E-16	4.44E-16	2.82E-15	1.30E-09	3.84E-05	4.73E-03	1.71E-02	5.59E-03	3.32E-04	5.69E-06	3.85E-08	1.29E-10	2.59E-13	7.57E-15	1.88E-15	8.12E-16	4.85E-16	4.66E-16	4.53E-16	4.41E-16	4.31E-16	4.20E-16	4.11E-16	4.02E-16
0.23	0	0	0	0	0	0	0	3.89E-16	4.69E-16	1.25E-14	1.41E-08	8.63E-05	5.62E-03	1.75E-02	6.38E-03	4.92E-04	1.19E-05	1.19E-07	6.08E-10	1.82E-12	1.71E-14	2.97E-15	1.13E-15	5.88E-16	4.75E-16	4.60E-16	4.48E-16	4.37E-16	4.27E-16	4.19E-16
0.25	0	0	0	0	0	0	0	3.13E-16	4.21E-16	6.27E-16	1.51E-13	9.01E-08	1.65E-04	6.48E-03	1.77E-02	7.12E-03	6.87E-04	2.24E-05	3.18E-07	2.34E-09	1.03E-11	4.91E-14	4.96E-15	1.61E-15	7.73E-16	4.85E-16	4.68E-16	4.55E-16	4.44E-16	4.35E-16
0.26	0	0	0	0	0	0	0	0	3.68E-16	4.44E-16	1.33E-15	4.37E-12	3.99E-07	2.82E-04	7.33E-03	1.81E-02	7.87E-03	9.20E-04	3.90E-05	7.49E-07	7.65E-09	4.73E-11	2.04E-13	8.97E-15	2.35E-15	1.03E-15	5.74E-16	4.75E-16	4.61E-16	4.51E-16
0.28	0	0	0	0	0	0	0	0	2.95E-16	4.01E-16	4.64E-16	3.14E-15	6.67E-11	1.33E-06	4.36E-04	8.07E-03	1.82E-02	8.50E-03	1.17E-03	6.28E-05	1.57E-06	2.16E-08	1.80E-10	1.02E-12	1.80E-14	3.53E-15	1.39E-15	7.21E-16	4.84E-16	4.69E-16
0.30	0	0	0	0	0	0	0	0	0	3.50E-16	4.25E-16	4.86E-16	9.20E-15	6.18E-10	3.66E-06	6.44E-04	8.95E-03	1.88E-02	9.30E-03	1.49E-03	9.73E-05	3.11E-06	5.52E-08	6.15E-10	4.55E-12	4.37E-14	5.64E-15	1.88E-15	9.29E-16	5.71E-16
0.31	0	0	0	0	0	0	0	0	0	2.79E-16	3.83E-16	4.43E-16	8.10E-16	4.11E-14	3.70E-09	8.23E-06	8.58E-04	9.37E-03	1.85E-02	9.63E-03	1.75E-03	1.38E-04	5.42E-06	1.23E-07	1.73E-09	1.68E-11	1.37E-13	8.98E-15	2.64E-15	1.28E-15
0.33	0	0	0	0	0	0	0	0	0	0	3.33E-16	4.07E-16	4.59E-16	1.49E-15	4.54E-13	1.80E-08	1.79E-05	1.20E-03	1.07E-02	1.99E-02	1.08E-02	2.22E-03	2.04E-04	9.83E-06	2.72E-07	4.88E-09	6.24E-11	4.90E-13	1.69E-14	4.30E-15
0.35	0	0	0	0	0	0	0	0	0	0	2.65E-16	3.66E-16	4.26E-16	4.75E-16	2.86E-15	4.65E-12	5.82E-08	2.93E-05	1.36E-03	1.01E-02	1.79E-02	1.02E-02	2.30E-03	2.46E-04	1.39E-05	4.75E-07	1.09E-08	1.45E-10	1.71E-12	4.42E-14
0.36	0	0	0	0	0	0	0	0	0	0	0	3.17E-16	3.91E-16	4.41E-16	5.72E-16	6.64E-15	4.51E-11	2.16E-07	6.13E-05	2.06E-03	1.31E-02	2.23E-02	1.31E-02	3.27E-03	3.93E-04	2.64E-05	1.12E-06	2.59E-08	5.09E-10	1.20E-11
0.38	0	0	0	0	0	0	0	0	0	0	0	2.52E-16	3.50E-16	4.09E-16	4.54E-16	8.71E-16	1.56E-14	1.74E-10	3.70E-07	6.45E-05	1.63E-03	9.08E-03	1.49E-02	9.11E-03	2.43E-03	3.33E-04	2.68E-05	1.12E-06	3.74E-08	1.44E-09
0.40	0	0	0	0	0	0	0	0	0	0	0	0	3.03E-16	3.76E-16	4.26E-16	4.69E-16	1.53E-15	9.23E-14	1.52E-09	1.63E-06	1.86E-04	3.70E-03	1.81E-02	2.89E-02	1.80E-02	5.23E-03	8.29E-04	6.38E-05	3.73E-06	2.39E-07
0.42	0	0	0	0	0	0	0	0	0	0	0	0	2.39E-16	3.35E-16	3.93E-16	4.37E-16	4.79E-16	2.04E-15	1.48E-13	1.08E-09	6.43E-07	5.09E-05	8.13E-04	3.62E-03	5.52E-03	3.56E-03	1.15E-03	1.69E-04	1.77E-05	1.93E-06
0.43	0	0	0	0	0	0	0	0	0	0	0	0	0	2.90E-16	3.62E-16	4.12E-16	4.51E-16	6.57E-16	5.43E-15	6.94E-12	2.53E-08	9.06E-06	5.17E-04	6.90E-03	2.74E-02	4.12E-02	2.83E-02	8.17E-03	1.58E-03	3.02E-04
0.45	0	0	0	0	0	0	0	0	0	0	0	0	0	2.15E-16	3.02E-16	3.56E-16	3.96E-16	4.26E-16	4.50E-16	4.70E-16	4.93E-16	5.56E-16	1.54E-15	2.22E-14	2.29E-13	8.40E-13	1.28E-12	7.54E-13	2.79E-13	9.66E-14
0.47	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2.77E-16	3.48E-16	3.97E-16	4.36E-16	4.73E-16	1.39E-15	2.46E-14	9.52E-11	9.77E-08	1.52E-05	5.04E-04	4.85E-03	1.72E-02	2.15E-02	1.56E-02	9.85E-03
0.48	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2.20E-16	3.10E-16	3.68E-16	4.12E-16	4.47E-16	4.93E-16	2.42E-15	1.47E-13	7.15E-10	4.43E-07	4.79E-05	1.28E-03	1.12E-02	3.10E-02	4.59E-02	5.52E-02
0.50	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2.46E-16	3.09E-16	3.55E-16	3.90E-16	4.18E-16	4.40E-16	4.59E-16	4.76E-16	4.97E-16	5.42E-16	7.10E-16	2.05E-15	6.94E-15	1.85E-14	4.13E-14

Return to Figure 2

Figure 2 (Bottom Left Panel): Comparison of Different Levels of Information-Processing Capacity
Consumption	Wealth: 0.02	Wealth: 0.05	Wealth: 0.09	Wealth: 0.12	Wealth: 0.16	Wealth: 0.19	Wealth: 0.22	Wealth: 0.26	Wealth: 0.29	Wealth: 0.32	Wealth: 0.36	Wealth: 0.39	Wealth: 0.43	Wealth: 0.46	Wealth: 0.49	Wealth: 0.53	Wealth: 0.56	Wealth: 0.59	Wealth: 0.63	Wealth: 0.66	Wealth: 0.70	Wealth: 0.73	Wealth: 0.76	Wealth: 0.80	Wealth: 0.83	Wealth: 0.86	Wealth: 0.90	Wealth: 0.93	Wealth: 0.97	Wealth: 1.00
0.01	1.31E-03	3.61E-05	6.41E-07	1.47E-08	5.27E-10	2.66E-11	1.62E-12	1.25E-13	1.55E-14	4.63E-15	2.27E-15	1.40E-15	9.82E-16	7.54E-16	6.09E-16	5.08E-16	4.35E-16	3.96E-16	3.82E-16	3.70E-16	3.57E-16	3.44E-16	3.32E-16	3.20E-16	3.09E-16	2.98E-16	2.89E-16	2.80E-16	2.71E-16	2.64E-16
0.03	0	3.32E-03	6.45E-04	4.31E-05	2.92E-06	2.28E-07	1.93E-08	1.90E-09	2.02E-10	2.40E-11	3.16E-12	4.34E-13	6.59E-14	1.52E-14	5.78E-15	2.98E-15	1.86E-15	1.32E-15	1.01E-15	8.15E-16	6.74E-16	5.69E-16	4.91E-16	4.33E-16	3.98E-16	3.87E-16	3.77E-16	3.68E-16	3.60E-16	3.52E-16
0.04	0	1.59E-04	4.24E-03	1.28E-03	1.95E-04	2.57E-05	3.15E-06	4.14E-07	5.51E-08	7.84E-09	1.21E-09	1.89E-10	3.13E-11	5.69E-12	1.08E-12	2.02E-13	4.18E-14	1.29E-14	5.87E-15	3.34E-15	2.16E-15	1.51E-15	1.14E-15	9.07E-16	7.56E-16	6.52E-16	5.76E-16	5.19E-16	4.74E-16	4.39E-16
0.06	0	0	8.32E-04	2.75E-03	1.22E-03	3.04E-04	5.79E-05	1.05E-05	1.80E-06	3.14E-07	5.73E-08	1.04E-08	1.94E-09	3.92E-10	8.14E-11	1.66E-11	3.44E-12	7.77E-13	1.91E-13	5.05E-14	1.62E-14	6.89E-15	3.73E-15	2.40E-15	1.73E-15	1.34E-15	1.10E-15	9.33E-16	8.15E-16	7.27E-16
0.08	0	0	8.46E-06	3.85E-03	7.70E-03	4.32E-03	1.39E-03	3.65E-04	8.31E-05	1.82E-05	3.99E-06	8.42E-07	1.80E-07	4.08E-08	9.38E-09	2.09E-09	4.70E-10	1.14E-10	2.98E-11	7.96E-12	2.03E-12	4.89E-13	1.19E-13	3.40E-14	1.33E-14	6.91E-15	4.32E-15	3.03E-15	2.31E-15	1.85E-15
0.09	0	0	0	6.89E-13	1.50E-11	2.44E-11	1.48E-11	6.06E-12	1.91E-12	5.41E-13	1.49E-13	4.04E-14	1.27E-14	5.34E-15	2.86E-15	1.80E-15	1.27E-15	9.75E-16	7.94E-16	6.68E-16	5.71E-16	4.95E-16	4.36E-16	4.02E-16	3.91E-16	3.81E-16	3.72E-16	3.64E-16	3.57E-16	3.50E-16
0.11	0	0	0	3.40E-07	1.02E-03	7.55E-03	1.03E-02	7.09E-03	3.24E-03	1.21E-03	4.10E-04	1.23E-04	3.53E-05	1.04E-05	2.97E-06	8.04E-07	2.15E-07	6.10E-08	1.84E-08	5.58E-09	1.60E-09	4.29E-10	1.15E-10	3.25E-11	9.96E-12	3.34E-12	1.22E-12	4.81E-13	2.04E-13	9.26E-14
0.13	0	0	0	0	1.97E-12	1.58E-10	6.28E-10	8.21E-10	5.81E-10	3.01E-10	1.31E-10	4.81E-11	1.64E-11	5.53E-12	1.80E-12	5.45E-13	1.64E-13	5.34E-14	2.00E-14	8.74E-15	4.42E-15	2.60E-15	1.74E-15	1.29E-15	1.03E-15	8.58E-16	7.42E-16	6.59E-16	5.96E-16	5.48E-16
0.15	0	0	0	0	1.40E-08	1.56E-04	2.79E-03	8.18E-03	9.77E-03	7.35E-03	4.24E-03	1.96E-03	8.00E-04	3.16E-04	1.17E-04	3.95E-05	1.29E-05	4.34E-06	1.53E-06	5.34E-07	1.73E-07	5.24E-08	1.56E-08	4.88E-09	1.64E-09	6.00E-10	2.37E-10	1.01E-10	4.57E-11	2.20E-11
0.16	0	0	0	0	0	6.20E-14	1.13E-11	9.64E-11	2.18E-10	2.55E-10	2.03E-10	1.21E-10	6.04E-11	2.82E-11	1.21E-11	4.61E-12	1.68E-12	6.24E-13	2.42E-13	9.39E-14	3.54E-14	1.39E-14	6.42E-15	3.64E-15	2.42E-15	1.79E-15	1.42E-15	1.19E-15	1.02E-15	9.07E-16
0.18	0	0	0	0	0	1.06E-09	2.87E-05	1.11E-03	5.62E-03	1.11E-02	1.28E-02	1.01E-02	6.35E-03	3.57E-03	1.78E-03	7.76E-04	3.16E-04	1.29E-04	5.42E-05	2.21E-05	8.28E-06	2.84E-06	9.52E-07	3.31E-07	1.23E-07	4.93E-08	2.12E-08	9.78E-09	4.78E-09	2.46E-09
0.20	0	0	0	0	0	0	3.55E-08	1.50E-05	2.22E-04	8.26E-04	1.48E-03	1.62E-03	1.31E-03	9.01E-04	5.32E-04	2.68E-04	1.23E-04	5.61E-05	2.59E-05	1.15E-05	4.64E-06	1.70E-06	6.08E-07	2.24E-07	8.78E-08	3.69E-08	1.66E-08	7.98E-09	4.06E-09	2.17E-09
0.21	0	0	0	0	0	0	7.27E-16	8.49E-14	5.39E-12	4.50E-11	1.36E-10	2.16E-10	2.32E-10	2.00E-10	1.42E-10	8.36E-11	4.39E-11	2.25E-11	1.14E-11	5.56E-12	2.43E-12	9.64E-13	3.70E-13	1.47E-13	6.36E-14	3.04E-14	1.63E-14	9.84E-15	6.57E-15	4.75E-15
0.23	0	0	0	0	0	0	0	3.86E-08	2.82E-05	6.86E-04	3.94E-03	9.68E-03	1.44E-02	1.60E-02	1.39E-02	9.67E-03	5.86E-03	3.39E-03	1.92E-03	1.03E-03	4.88E-04	2.08E-04	8.49E-05	3.53E-05	1.55E-05	7.22E-06	3.58E-06	1.88E-06	1.04E-06	5.99E-07
0.25	0	0	0	0	0	0	0	3.54E-12	3.57E-07	3.92E-05	5.05E-04	2.09E-03	4.52E-03	6.67E-03	7.28E-03	6.09E-03	4.31E-03	2.84E-03	1.81E-03	1.07E-03	5.56E-04	2.57E-04	1.12E-04	5.00E-05	2.33E-05	1.15E-05	5.97E-06	3.28E-06	1.89E-06	1.14E-06
0.26	0	0	0	0	0	0	0	0	1.10E-15	2.54E-14	8.01E-13	6.26E-12	2.09E-11	4.27E-11	6.00E-11	6.15E-11	5.15E-11	3.92E-11	2.82E-11	1.85E-11	1.06E-11	5.33E-12	2.52E-12	1.20E-12	5.98E-13	3.14E-13	1.75E-13	1.03E-13	6.37E-14	4.15E-14
0.28	0	0	0	0	0	0	0	0	3.97E-16	2.35E-15	6.20E-14	1.02E-12	5.74E-12	1.70E-11	3.17E-11	4.08E-11	4.10E-11	3.65E-11	3.00E-11	2.21E-11	1.40E-11	7.68E-12	3.94E-12	2.02E-12	1.07E-12	5.93E-13	3.46E-13	2.12E-13	1.36E-13	9.05E-14
0.30	0	0	0	0	0	0	0	0	0	1.99E-10	3.70E-07	1.90E-05	2.03E-04	9.31E-04	2.40E-03	3.97E-03	4.90E-03	5.16E-03	4.89E-03	4.08E-03	2.87E-03	1.73E-03	9.67E-04	5.33E-04	3.02E-04	1.78E-04	1.09E-04	7.01E-05	4.65E-05	3.19E-05
0.31	0	0	0	0	0	0	0	0	0	1.51E-13	3.83E-08	8.88E-06	2.13E-04	1.65E-03	6.20E-03	1.36E-02	2.10E-02	2.66E-02	2.95E-02	2.81E-02	2.22E-02	1.48E-02	9.02E-03	5.39E-03	3.28E-03	2.06E-03	1.35E-03	9.11E-04	6.36E-04	4.57E-04
0.33	0	0	0	0	0	0	0	0	0	0	4.84E-16	1.63E-15	1.07E-14	1.06E-13	5.98E-13	1.81E-12	3.59E-12	5.57E-12	7.29E-12	8.00E-12	7.15E-12	5.31E-12	3.56E-12	2.32E-12	1.52E-12	1.03E-12	7.16E-13	5.14E-13	3.80E-13	2.87E-13
0.35	0	0	0	0	0	0	0	0	0	0	3.36E-16	6.36E-16	1.84E-15	8.64E-15	5.44E-14	2.25E-13	5.89E-13	1.14E-12	1.79E-12	2.30E-12	2.34E-12	1.95E-12	1.45E-12	1.03E-12	7.35E-13	5.34E-13	3.97E-13	3.03E-13	2.37E-13	1.89E-13
0.36	0	0	0	0	0	0	0	0	0	0	0	3.90E-16	8.23E-16	2.29E-15	9.41E-15	4.40E-14	1.50E-13	3.68E-13	7.05E-13	1.07E-12	1.26E-12	1.18E-12	9.78E-13	7.65E-13	5.93E-13	4.65E-13	3.70E-13	3.00E-13	2.48E-13	2.08E-13
0.38	0	0	0	0	0	0	0	0	0	0	0	3.14E-16	4.87E-16	1.11E-15	3.17E-15	1.25E-14	5.07E-14	1.59E-13	3.77E-13	6.85E-13	9.39E-13	1.01E-12	9.35E-13	8.09E-13	6.85E-13	5.81E-13	4.97E-13	4.30E-13	3.76E-13	3.33E-13
0.40	0	0	0	0	0	0	0	0	0	0	0	0	3.77E-16	6.93E-16	1.70E-15	5.72E-15	2.54E-14	1.02E-13	3.08E-13	6.85E-13	1.11E-12	1.38E-12	1.44E-12	1.39E-12	1.29E-12	1.19E-12	1.10E-12	1.01E-12	9.44E-13	8.84E-13
0.42	0	0	0	0	0	0	0	0	0	0	0	0	2.82E-15	1.72E-10	9.42E-08	4.62E-06	6.42E-05	4.29E-04	1.77E-03	4.98E-03	9.73E-03	1.41E-02	1.68E-02	1.82E-02	1.87E-02	1.88E-02	1.88E-02	1.87E-02	1.86E-02	1.85E-02
0.43	0	0	0	0	0	0	0	0	0	0	0	0	0	8.38E-13	5.03E-09	7.18E-07	1.89E-05	1.96E-04	1.12E-03	4.04E-03	9.67E-03	1.66E-02	2.29E-02	2.79E-02	3.20E-02	3.54E-02	3.85E-02	4.13E-02	4.39E-02	4.64E-02
0.45	0	0	0	0	0	0	0	0	0	0	0	0	0	2.76E-16	3.88E-16	6.27E-16	1.19E-15	2.61E-15	7.15E-15	2.22E-14	5.88E-14	1.17E-13	1.85E-13	2.56E-13	3.28E-13	4.01E-13	4.75E-13	5.51E-13	6.30E-13	7.10E-13
0.47	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3.26E-16	4.01E-16	6.36E-16	1.09E-15	2.02E-15	4.18E-15	8.99E-15	1.77E-14	3.04E-14	4.63E-14	6.54E-14	8.76E-14	1.13E-13	1.42E-13	1.74E-13	2.09E-13
0.48	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2.42E-16	3.53E-16	4.24E-16	6.61E-16	1.06E-15	1.79E-15	3.12E-15	5.37E-15	8.83E-15	1.38E-14	2.05E-14	2.93E-14	4.06E-14	5.45E-14	7.14E-14	9.15E-14
0.50	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2.98E-16	3.72E-16	4.60E-16	6.92E-16	1.06E-15	1.64E-15	2.52E-15	3.82E-15	5.71E-15	8.45E-15	1.23E-14	1.77E-14	2.50E-14	3.45E-14	4.68E-14

Return to Figure 2

Figure 2 (Bottom Right Panel): Comparison of Different Levels of Information-Processing Capacity
Consumption	Wealth: 0.02	Wealth: 0.05	Wealth: 0.09	Wealth: 0.12	Wealth: 0.16	Wealth: 0.19	Wealth: 0.22	Wealth: 0.26	Wealth: 0.29	Wealth: 0.32	Wealth: 0.36	Wealth: 0.39	Wealth: 0.43	Wealth: 0.46	Wealth: 0.49	Wealth: 0.53	Wealth: 0.56	Wealth: 0.59	Wealth: 0.63	Wealth: 0.66	Wealth: 0.70	Wealth: 0.73	Wealth: 0.76	Wealth: 0.80	Wealth: 0.83	Wealth: 0.86	Wealth: 0.90	Wealth: 0.93	Wealth: 0.97	Wealth: 1.00
0.01	1.31E-03	3.50E-04	9.05E-05	3.19E-05	1.08E-05	4.50E-06	2.22E-06	9.97E-07	4.51E-07	2.29E-07	1.32E-07	8.24E-08	5.11E-08	2.91E-08	1.56E-08	8.29E-09	4.60E-09	2.70E-09	1.68E-09	1.10E-09	7.56E-10	5.38E-10	3.96E-10	3.00E-10	2.33E-10	1.85E-10	1.49E-10	1.22E-10	1.02E-10	8.61E-11
0.03	0	4.09E-14	2.01E-14	9.73E-15	4.33E-15	2.39E-15	1.56E-15	1.01E-15	7.02E-16	5.40E-16	4.48E-16	3.89E-16	3.40E-16	2.95E-16	2.55E-16	2.24E-16	2.00E-16	1.82E-16	1.69E-16	1.58E-16	1.50E-16	1.43E-16	1.37E-16	1.32E-16	1.28E-16	1.25E-16	1.21E-16	1.19E-16	1.16E-16	1.14E-16
0.04	0	3.17E-03	5.40E-03	3.70E-03	1.81E-03	9.71E-04	5.74E-04	2.96E-04	1.50E-04	8.33E-05	5.16E-05	3.45E-05	2.26E-05	1.36E-05	7.58E-06	4.20E-06	2.42E-06	1.47E-06	9.43E-07	6.35E-07	4.47E-07	3.26E-07	2.45E-07	1.89E-07	1.50E-07	1.21E-07	9.94E-08	8.30E-08	7.02E-08	6.01E-08
0.06	0	0	8.84E-13	1.12E-12	7.23E-13	4.57E-13	3.03E-13	1.70E-13	9.22E-14	5.44E-14	3.55E-14	2.49E-14	1.71E-14	1.09E-14	6.56E-15	4.04E-15	2.65E-15	1.88E-15	1.42E-15	1.13E-15	9.43E-16	8.10E-16	7.14E-16	6.41E-16	5.84E-16	5.39E-16	5.02E-16	4.72E-16	4.47E-16	4.25E-16
0.08	0	0	2.30E-04	1.04E-03	9.88E-04	7.69E-04	5.82E-04	3.59E-04	2.08E-04	1.30E-04	8.80E-05	6.35E-05	4.45E-05	2.83E-05	1.66E-05	9.63E-06	5.77E-06	3.64E-06	2.41E-06	1.67E-06	1.21E-06	9.05E-07	6.97E-07	5.51E-07	4.45E-07	3.66E-07	3.06E-07	2.60E-07	2.24E-07	1.94E-07
0.09	0	0	0	3.17E-03	5.59E-03	5.73E-03	5.12E-03	3.53E-03	2.23E-03	1.48E-03	1.06E-03	7.97E-04	5.80E-04	3.81E-04	2.30E-04	1.36E-04	8.36E-05	5.37E-05	3.62E-05	2.56E-05	1.87E-05	1.42E-05	1.11E-05	8.87E-06	7.24E-06	6.02E-06	5.09E-06	4.35E-06	3.77E-06	3.31E-06
0.11	0	0	0	1.23E-13	7.70E-13	1.16E-12	1.28E-12	1.01E-12	7.03E-13	5.02E-13	3.81E-13	3.01E-13	2.28E-13	1.55E-13	9.68E-14	5.94E-14	3.75E-14	2.49E-14	1.74E-14	1.27E-14	9.67E-15	7.62E-15	6.18E-15	5.15E-15	4.38E-15	3.79E-15	3.34E-15	2.98E-15	2.69E-15	2.45E-15
0.13	0	0	0	0	1.74E-03	4.88E-03	7.06E-03	6.58E-03	5.12E-03	3.97E-03	3.21E-03	2.68E-03	2.12E-03	1.49E-03	9.56E-04	5.99E-04	3.85E-04	2.58E-04	1.81E-04	1.32E-04	10.00E-05	7.80E-05	6.25E-05	5.12E-05	4.28E-05	3.64E-05	3.13E-05	2.73E-05	2.41E-05	2.15E-05
0.15	0	0	0	0	3.22E-13	3.21E-12	6.84E-12	7.85E-12	6.99E-12	5.98E-12	5.20E-12	4.59E-12	3.81E-12	2.79E-12	1.85E-12	1.20E-12	7.89E-13	5.42E-13	3.88E-13	2.89E-13	2.23E-13	1.77E-13	1.44E-13	1.19E-13	1.01E-13	8.70E-14	7.58E-14	6.69E-14	5.97E-14	5.37E-14
0.16	0	0	0	0	0	2.50E-12	9.88E-12	1.49E-11	1.57E-11	1.50E-11	1.42E-11	1.34E-11	1.17E-11	8.94E-12	6.16E-12	4.10E-12	2.78E-12	1.96E-12	1.43E-12	1.09E-12	8.50E-13	6.85E-13	5.65E-13	4.76E-13	4.08E-13	3.54E-13	3.12E-13	2.78E-13	2.50E-13	2.27E-13
0.18	0	0	0	0	0	7.28E-14	1.01E-12	2.26E-12	2.92E-12	3.20E-12	3.33E-12	3.38E-12	3.13E-12	2.51E-12	1.80E-12	1.24E-12	8.67E-13	6.25E-13	4.68E-13	3.63E-13	2.90E-13	2.38E-13	1.99E-13	1.70E-13	1.48E-13	1.30E-13	1.16E-13	1.04E-13	9.47E-14	8.67E-14
0.20	0	0	0	0	0	0	1.14E-03	4.71E-03	8.01E-03	1.03E-02	1.21E-02	1.33E-02	1.32E-02	1.11E-02	8.33E-03	5.96E-03	4.29E-03	3.18E-03	2.44E-03	1.93E-03	1.57E-03	1.31E-03	1.12E-03	9.67E-04	8.50E-04	7.57E-04	6.82E-04	6.20E-04	5.68E-04	5.25E-04
0.21	0	0	0	0	0	0	8.82E-05	1.30E-03	3.26E-03	5.18E-03	6.91E-03	8.39E-03	8.92E-03	8.00E-03	6.28E-03	4.68E-03	3.49E-03	2.66E-03	2.09E-03	1.70E-03	1.41E-03	1.20E-03	1.04E-03	9.12E-04	8.14E-04	7.34E-04	6.69E-04	6.15E-04	5.70E-04	5.32E-04
0.23	0	0	0	0	0	0	0	1.08E-13	5.00E-13	1.05E-12	1.65E-12	2.24E-12	2.59E-12	2.47E-12	2.05E-12	1.59E-12	1.23E-12	9.72E-13	7.86E-13	6.53E-13	5.54E-13	4.80E-13	4.23E-13	3.79E-13	3.43E-13	3.14E-13	2.89E-13	2.69E-13	2.52E-13	2.38E-13
0.25	0	0	0	0	0	0	0	3.72E-15	4.96E-14	1.51E-13	2.93E-13	4.54E-13	5.78E-13	5.95E-13	5.22E-13	4.26E-13	3.43E-13	2.80E-13	2.33E-13	1.99E-13	1.73E-13	1.53E-13	1.38E-13	1.25E-13	1.15E-13	1.07E-13	9.99E-14	9.41E-14	8.92E-14	8.50E-14
0.26	0	0	0	0	0	0	0	0	7.10E-15	3.68E-14	9.26E-14	1.69E-13	2.41E-13	2.69E-13	2.52E-13	2.17E-13	1.82E-13	1.54E-13	1.33E-13	1.17E-13	1.04E-13	9.40E-14	8.61E-14	7.97E-14	7.45E-14	7.02E-14	6.66E-14	6.35E-14	6.09E-14	5.87E-14
0.28	0	0	0	0	0	0	0	0	1.04E-15	1.01E-14	3.57E-14	7.95E-14	1.29E-13	1.59E-13	1.60E-13	1.46E-13	1.29E-13	1.13E-13	1.01E-13	9.13E-14	8.35E-14	7.73E-14	7.23E-14	6.82E-14	6.48E-14	6.20E-14	5.96E-14	5.76E-14	5.59E-14	5.45E-14
0.30	0	0	0	0	0	0	0	0	0	2.71E-15	1.46E-14	4.17E-14	7.94E-14	1.09E-13	1.19E-13	1.16E-13	1.08E-13	9.93E-14	9.18E-14	8.55E-14	8.04E-14	7.62E-14	7.28E-14	7.01E-14	6.78E-14	6.59E-14	6.43E-14	6.30E-14	6.19E-14	6.09E-14
0.31	0	0	0	0	0	0	0	0	0	7.19E-16	6.13E-15	2.42E-14	5.62E-14	8.81E-14	1.06E-13	1.11E-13	1.09E-13	1.05E-13	1.01E-13	9.76E-14	9.45E-14	9.20E-14	8.99E-14	8.82E-14	8.69E-14	8.59E-14	8.51E-14	8.45E-14	8.41E-14	8.39E-14
0.33	0	0	0	0	0	0	0	0	0	0	2.50E-15	1.52E-14	4.57E-14	8.42E-14	1.13E-13	1.29E-13	1.35E-13	1.38E-13	1.38E-13	1.38E-13	1.38E-13	1.38E-13	1.38E-13	1.38E-13	1.39E-13	1.40E-13	1.41E-13	1.42E-13	1.43E-13	1.44E-13
0.35	0	0	0	0	0	0	0	0	0	0	9.61E-16	1.21E-14	5.26E-14	1.19E-13	1.84E-13	2.30E-13	2.60E-13	2.80E-13	2.95E-13	3.06E-13	3.17E-13	3.26E-13	3.35E-13	3.44E-13	3.53E-13	3.61E-13	3.70E-13	3.79E-13	3.87E-13	3.96E-13
0.36	0	0	0	0	0	0	0	0	0	0	0	3.45E-04	2.94E-03	8.88E-03	1.62E-02	2.27E-02	2.79E-02	3.20E-02	3.55E-02	3.86E-02	4.14E-02	4.40E-02	4.65E-02	4.89E-02	5.13E-02	5.36E-02	5.58E-02	5.81E-02	6.03E-02	6.25E-02
0.38	0	0	0	0	0	0	0	0	0	0	0	7.98E-07	2.42E-05	1.08E-04	2.42E-04	3.88E-04	5.25E-04	6.50E-04	7.64E-04	8.70E-04	9.71E-04	1.07E-03	1.16E-03	1.25E-03	1.35E-03	1.43E-03	1.52E-03	1.61E-03	1.70E-03	1.79E-03
0.40	0	0	0	0	0	0	0	0	0	0	0	0	1.54E-15	8.04E-15	2.22E-14	4.12E-14	6.20E-14	8.31E-14	1.04E-13	1.25E-13	1.45E-13	1.66E-13	1.86E-13	2.06E-13	2.26E-13	2.47E-13	2.67E-13	2.88E-13	3.08E-13	3.29E-13
0.42	0	0	0	0	0	0	0	0	0	0	0	0	3.26E-16	1.29E-15	3.66E-15	7.54E-15	1.25E-14	1.81E-14	2.41E-14	3.05E-14	3.71E-14	4.39E-14	5.09E-14	5.80E-14	6.53E-14	7.27E-14	8.03E-14	8.80E-14	9.58E-14	1.04E-13
0.43	0	0	0	0	0	0	0	0	0	0	0	0	0	4.40E-16	1.09E-15	2.23E-15	3.88E-15	5.94E-15	8.36E-15	1.11E-14	1.40E-14	1.72E-14	2.06E-14	2.41E-14	2.78E-14	3.17E-14	3.57E-14	3.98E-14	4.41E-14	4.84E-14
0.45	0	0	0	0	0	0	0	0	0	0	0	0	0	2.04E-16	4.87E-16	9.36E-16	1.60E-15	2.50E-15	3.63E-15	4.97E-15	6.51E-15	8.23E-15	1.01E-14	1.22E-14	1.44E-14	1.67E-14	1.92E-14	2.18E-14	2.46E-14	2.74E-14
0.47	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2.66E-16	4.93E-16	8.14E-16	1.25E-15	1.82E-15	2.54E-15	3.39E-15	4.38E-15	5.52E-15	6.78E-15	8.18E-15	9.70E-15	1.13E-14	1.31E-14	1.50E-14	1.70E-14
0.48	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1.54E-16	3.00E-16	4.86E-16	7.33E-16	1.06E-15	1.47E-15	1.97E-15	2.58E-15	3.30E-15	4.13E-15	5.06E-15	6.11E-15	7.26E-15	8.52E-15	9.88E-15	1.13E-14
0.50	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1.96E-16	3.19E-16	4.74E-16	6.73E-16	9.25E-16	1.24E-15	1.63E-15	2.10E-15	2.65E-15	3.29E-15	4.02E-15	4.84E-15	5.75E-15	6.76E-15	7.86E-15

Return to Figure 2

Figure 3 (Top Left Panel): Comparison of Two Levels of Risk Aversion with Information Processing Capacity of kappa = 0.85 bits.
Consumption	Wealth: 0.02	Wealth: 0.05	Wealth: 0.09	Wealth: 0.12	Wealth: 0.15	Wealth: 0.18	Wealth: 0.22	Wealth: 0.25	Wealth: 0.28	Wealth: 0.31	Wealth: 0.35	Wealth: 0.38	Wealth: 0.41	Wealth: 0.44	Wealth: 0.48	Wealth: 0.51	Wealth: 0.54	Wealth: 0.58	Wealth: 0.61	Wealth: 0.64	Wealth: 0.67	Wealth: 0.71	Wealth: 0.74	Wealth: 0.77	Wealth: 0.80	Wealth: 0.84	Wealth: 0.87	Wealth: 0.90	Wealth: 0.93	Wealth: 0.97	Wealth: 1.00
0.01	1.27E-03	3.68E-04	5.36E-05	1.50E-05	4.52E-06	1.41E-06	5.15E-07	2.17E-07	9.03E-08	3.70E-08	1.61E-08	7.72E-09	4.08E-09	2.28E-09	1.25E-09	6.59E-10	3.39E-10	1.81E-10	1.05E-10	6.72E-11	4.68E-11	3.51E-11	2.78E-11	2.30E-11	1.97E-11	1.72E-11	1.54E-11	1.40E-11	1.28E-11	1.19E-11	1.12E-11
0.04	0	2.96E-03	4.80E-03	3.17E-03	1.55E-03	6.66E-04	3.07E-04	1.54E-04	7.42E-05	3.42E-05	1.64E-05	8.55E-06	4.86E-06	2.87E-06	1.66E-06	8.98E-07	4.64E-07	2.39E-07	1.27E-07	7.12E-08	4.19E-08	2.60E-08	1.68E-08	1.13E-08	7.87E-09	5.66E-09	4.17E-09	3.16E-09	2.44E-09	1.92E-09	1.53E-09
0.08	0	0	5.47E-04	4.02E-03	4.62E-03	3.22E-03	2.05E-03	1.30E-03	7.48E-04	3.98E-04	2.15E-04	1.24E-04	7.65E-05	4.88E-05	3.01E-05	1.73E-05	9.38E-06	5.07E-06	2.82E-06	1.64E-06	1.00E-06	6.40E-07	4.27E-07	2.95E-07	2.11E-07	1.55E-07	1.17E-07	9.02E-08	7.09E-08	5.67E-08	4.61E-08
0.11	0	0	0	2.52E-04	3.22E-03	5.30E-03	5.45E-03	4.77E-03	3.47E-03	2.21E-03	1.37E-03	8.91E-04	6.09E-04	4.23E-04	2.81E-04	1.72E-04	9.91E-05	5.64E-05	3.28E-05	1.99E-05	1.27E-05	8.39E-06	5.79E-06	4.13E-06	3.04E-06	2.30E-06	1.77E-06	1.40E-06	1.13E-06	9.19E-07	7.61E-07
0.14	0	0	0	0	1.31E-04	2.40E-03	5.83E-03	8.26E-03	8.28E-03	6.65E-03	4.95E-03	3.71E-03	2.85E-03	2.19E-03	1.58E-03	1.04E-03	6.42E-04	3.87E-04	2.38E-04	1.51E-04	1.00E-04	6.91E-05	4.94E-05	3.64E-05	2.76E-05	2.15E-05	1.71E-05	1.38E-05	1.14E-05	9.48E-06	8.02E-06
0.17	0	0	0	0	0	9.74E-10	2.55E-08	8.50E-08	1.38E-07	1.53E-07	1.44E-07	1.29E-07	1.14E-07	9.87E-08	7.89E-08	5.67E-08	3.76E-08	2.42E-08	1.58E-08	1.06E-08	7.35E-09	5.30E-09	3.95E-09	3.03E-09	2.38E-09	1.91E-09	1.57E-09	1.31E-09	1.11E-09	9.53E-10	8.28E-10
0.21	0	0	0	0	0	0	3.33E-05	1.24E-03	4.74E-03	8.50E-03	1.10E-02	1.25E-02	1.32E-02	1.32E-02	1.19E-02	9.41E-03	6.79E-03	4.71E-03	3.27E-03	2.32E-03	1.70E-03	1.28E-03	9.96E-04	7.92E-04	6.44E-04	5.34E-04	4.50E-04	3.85E-04	3.33E-04	2.92E-04	2.59E-04
0.24	0	0	0	0	0	0	0	1.15E-05	4.91E-04	2.07E-03	4.36E-03	6.79E-03	9.11E-03	1.09E-02	1.13E-02	1.01E-02	8.03E-03	6.06E-03	4.54E-03	3.44E-03	2.67E-03	2.12E-03	1.72E-03	1.43E-03	1.21E-03	1.04E-03	9.06E-04	7.99E-04	7.13E-04	6.41E-04	5.82E-04
0.27	0	0	0	0	0	0	0	0	2.28E-11	3.02E-10	1.38E-09	3.44E-09	6.33E-09	9.50E-09	1.18E-08	1.22E-08	1.09E-08	9.12E-09	7.43E-09	6.08E-09	5.04E-09	4.25E-09	3.65E-09	3.18E-09	2.81E-09	2.51E-09	2.27E-09	2.07E-09	1.91E-09	1.77E-09	1.65E-09
0.30	0	0	0	0	0	0	0	0	0	1.28E-11	8.72E-11	3.93E-10	1.12E-09	2.29E-09	3.57E-09	4.39E-09	4.55E-09	4.28E-09	3.85E-09	3.43E-09	3.06E-09	2.76E-09	2.51E-09	2.30E-09	2.13E-09	1.99E-09	1.87E-09	1.77E-09	1.68E-09	1.61E-09	1.55E-09
0.34	0	0	0	0	0	0	0	0	0	0	1.08E-11	6.41E-11	3.08E-10	9.66E-10	2.05E-09	3.18E-09	3.93E-09	4.26E-09	4.31E-09	4.24E-09	4.12E-09	3.99E-09	3.87E-09	3.76E-09	3.67E-09	3.59E-09	3.52E-09	3.46E-09	3.41E-09	3.37E-09	3.33E-09
0.37	0	0	0	0	0	0	0	0	0	0	0	2.22E-06	1.75E-04	1.38E-03	4.84E-03	1.04E-02	1.63E-02	2.11E-02	2.47E-02	2.73E-02	2.93E-02	3.09E-02	3.22E-02	3.34E-02	3.46E-02	3.56E-02	3.66E-02	3.75E-02	3.85E-02	3.94E-02	4.03E-02
0.40	0	0	0	0	0	0	0	0	0	0	0	0	4.58E-07	4.04E-05	3.33E-04	1.16E-03	2.50E-03	4.09E-03	5.72E-03	7.31E-03	8.83E-03	1.03E-02	1.17E-02	1.31E-02	1.44E-02	1.57E-02	1.70E-02	1.83E-02	1.96E-02	2.09E-02	2.21E-02
0.43	0	0	0	0	0	0	0	0	0	0	0	0	0	5.59E-12	1.52E-11	3.69E-11	8.14E-11	1.53E-10	2.50E-10	3.68E-10	5.01E-10	6.48E-10	8.07E-10	9.75E-10	1.15E-09	1.34E-09	1.53E-09	1.73E-09	1.94E-09	2.15E-09	2.37E-09
0.47	0	0	0	0	0	0	0	0	0	0	0	0	0	0	4.26E-12	8.81E-12	1.56E-11	2.58E-11	4.05E-11	6.05E-11	8.64E-11	1.19E-10	1.57E-10	2.02E-10	2.54E-10	3.11E-10	3.75E-10	4.44E-10	5.20E-10	6.01E-10	6.87E-10
0.50	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3.55E-12	6.43E-12	9.96E-12	1.46E-11	2.07E-11	2.86E-11	3.89E-11	5.19E-11	6.80E-11	8.77E-11	1.11E-10	1.39E-10	1.71E-10	2.07E-10	2.48E-10	2.93E-10

Return to Figure 3

Figure 3 (Top Right Panel): Comparison of Two Levels of Risk Aversion with Information Processing Capacity of kappa = 0.85 bits.
Consumption	Wealth: 0.02	Wealth: 0.05	Wealth: 0.09	Wealth: 0.12	Wealth: 0.15	Wealth: 0.18	Wealth: 0.22	Wealth: 0.25	Wealth: 0.28	Wealth: 0.31	Wealth: 0.35	Wealth: 0.38	Wealth: 0.41	Wealth: 0.44	Wealth: 0.48	Wealth: 0.51	Wealth: 0.54	Wealth: 0.58	Wealth: 0.61	Wealth: 0.64	Wealth: 0.67	Wealth: 0.71	Wealth: 0.74	Wealth: 0.77	Wealth: 0.80	Wealth: 0.84	Wealth: 0.87	Wealth: 0.90	Wealth: 0.93	Wealth: 0.97	Wealth: 1.00
0.01	1.27E-03	4.47E-04	3.80E-11	3.68E-11	3.55E-11	3.52E-11	3.49E-11	3.48E-11	3.47E-11	3.46E-11	3.46E-11	3.45E-11	3.45E-11	3.45E-11	3.44E-11	3.44E-11	3.44E-11	3.44E-11	3.44E-11	3.44E-11	3.44E-11	3.44E-11	3.44E-11	3.44E-11	3.44E-11	3.44E-11	3.44E-11	3.44E-11	3.44E-11	3.44E-11	3.44E-11
0.04	0	2.88E-03	5.40E-03	2.77E-03	2.75E-09	1.85E-09	1.38E-09	1.22E-09	1.12E-09	1.06E-09	1.01E-09	9.81E-10	9.59E-10	9.40E-10	9.20E-10	9.03E-10	8.91E-10	8.83E-10	8.79E-10	8.76E-10	8.74E-10	8.73E-10	8.72E-10	8.72E-10	8.72E-10	8.72E-10	8.72E-10	8.73E-10	8.73E-10	8.74E-10	8.74E-10
0.08	0	0	3.81E-11	4.69E-03	9.53E-03	4.41E-03	5.43E-05	5.36E-06	7.85E-07	1.99E-07	7.65E-08	4.13E-08	2.86E-08	2.15E-08	1.63E-08	1.33E-08	1.17E-08	1.08E-08	1.03E-08	1.00E-08	9.85E-09	9.75E-09	9.69E-09	9.67E-09	9.67E-09	9.69E-09	9.72E-09	9.75E-09	9.80E-09	9.84E-09	9.90E-09
0.11	0	0	0	3.69E-11	3.00E-09	7.18E-03	1.35E-02	6.78E-03	1.90E-03	6.04E-04	2.18E-04	9.32E-05	4.98E-05	2.76E-05	1.37E-05	7.43E-06	4.85E-06	3.68E-06	3.10E-06	2.79E-06	2.61E-06	2.51E-06	2.47E-06	2.45E-06	2.46E-06	2.48E-06	2.52E-06	2.56E-06	2.61E-06	2.66E-06	2.72E-06
0.14	0	0	0	0	3.56E-11	2.00E-09	1.16E-04	8.93E-03	1.28E-02	8.08E-03	4.09E-03	2.10E-03	1.25E-03	7.44E-04	3.88E-04	2.16E-04	1.44E-04	1.11E-04	9.44E-05	8.55E-05	8.07E-05	7.81E-05	7.70E-05	7.68E-05	7.73E-05	7.82E-05	7.95E-05	8.10E-05	8.27E-05	8.45E-05	8.65E-05
0.17	0	0	0	0	0	3.53E-11	1.47E-09	1.39E-05	3.04E-03	9.78E-03	9.82E-03	7.08E-03	5.08E-03	3.37E-03	1.88E-03	1.10E-03	7.54E-04	5.95E-04	5.14E-04	4.72E-04	4.49E-04	4.38E-04	4.34E-04	4.35E-04	4.40E-04	4.46E-04	4.54E-04	4.64E-04	4.75E-04	4.86E-04	4.98E-04
0.21	0	0	0	0	0	0	3.51E-11	1.31E-09	2.88E-06	1.40E-03	7.20E-03	1.03E-02	1.04E-02	8.26E-03	5.16E-03	3.22E-03	2.32E-03	1.89E-03	1.67E-03	1.56E-03	1.50E-03	1.48E-03	1.48E-03	1.49E-03	1.51E-03	1.54E-03	1.57E-03	1.61E-03	1.65E-03	1.69E-03	1.73E-03
0.24	0	0	0	0	0	0	0	3.49E-11	1.21E-09	7.98E-07	6.03E-04	4.41E-03	8.81E-03	9.85E-03	7.39E-03	5.16E-03	3.98E-03	3.40E-03	3.10E-03	2.96E-03	2.90E-03	2.89E-03	2.91E-03	2.96E-03	3.02E-03	3.09E-03	3.16E-03	3.25E-03	3.34E-03	3.43E-03	3.53E-03
0.27	0	0	0	0	0	0	0	0	3.46E-11	9.52E-10	1.25E-08	1.22E-06	1.22E-05	2.70E-05	2.84E-05	2.38E-05	2.05E-05	1.88E-05	1.80E-05	1.77E-05	1.77E-05	1.79E-05	1.83E-05	1.88E-05	1.93E-05	1.99E-05	2.05E-05	2.11E-05	2.17E-05	2.24E-05	2.31E-05
0.30	0	0	0	0	0	0	0	0	0	3.48E-11	1.13E-09	3.39E-07	4.84E-04	5.49E-03	1.15E-02	1.35E-02	1.40E-02	1.43E-02	1.46E-02	1.51E-02	1.56E-02	1.62E-02	1.68E-02	1.74E-02	1.81E-02	1.87E-02	1.94E-02	2.01E-02	2.08E-02	2.15E-02	2.22E-02
0.34	0	0	0	0	0	0	0	0	0	0	3.48E-11	1.10E-09	2.37E-07	3.61E-04	3.86E-03	9.02E-03	1.31E-02	1.61E-02	1.84E-02	2.03E-02	2.20E-02	2.36E-02	2.50E-02	2.64E-02	2.77E-02	2.90E-02	3.03E-02	3.15E-02	3.27E-02	3.40E-02	3.52E-02
0.37	0	0	0	0	0	0	0	0	0	0	0	3.44E-11	8.19E-10	5.00E-09	3.87E-08	2.38E-07	6.33E-07	1.07E-06	1.46E-06	1.79E-06	2.08E-06	2.32E-06	2.54E-06	2.74E-06	2.93E-06	3.10E-06	3.26E-06	3.42E-06	3.57E-06	3.72E-06	3.87E-06
0.40	0	0	0	0	0	0	0	0	0	0	0	0	3.43E-11	7.78E-10	3.85E-09	1.62E-08	5.99E-08	1.50E-07	2.66E-07	3.81E-07	4.85E-07	5.77E-07	6.58E-07	7.29E-07	7.94E-07	8.53E-07	9.08E-07	9.59E-07	1.01E-06	1.06E-06	1.10E-06
0.43	0	0	0	0	0	0	0	0	0	0	0	0	0	3.42E-11	7.48E-10	3.29E-09	1.09E-08	3.10E-08	6.89E-08	1.19E-07	1.71E-07	2.21E-07	2.65E-07	3.05E-07	3.40E-07	3.72E-07	4.01E-07	4.27E-07	4.52E-07	4.76E-07	4.99E-07
0.47	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3.42E-11	7.25E-10	2.97E-09	8.73E-09	2.14E-08	4.29E-08	7.08E-08	1.00E-07	1.29E-07	1.55E-07	1.78E-07	1.99E-07	2.18E-07	2.35E-07	2.51E-07	2.65E-07	2.79E-07
0.50	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3.41E-11	7.09E-10	2.77E-09	7.53E-09	1.68E-08	3.12E-08	4.92E-08	6.83E-08	8.67E-08	1.04E-07	1.19E-07	1.32E-07	1.45E-07	1.56E-07	1.66E-07	1.76E-07

Return to Figure 3

Figure 3 (Middle Left Panel): Comparison of Two Levels of Risk Aversion with Information Processing Capacity of kappa = 0.85 bits.
Consumption	Marg Consumption
0.01	0.00
0.04	0.01
0.08	0.02
0.11	0.03
0.14	0.05
0.17	0.00
0.21	0.11
0.24	0.09
0.27	0.00
0.30	0.00
0.34	0.00
0.37	0.49
0.40	0.19
0.43	0.00
0.47	0.00
0.50	0.00

Return to Figure3

Figure 3 (Middle Right Panel): Comparison of Two Levels of Risk Aversion with Information Processing Capacity of kappa = 0.85 bits.
Consumption	Marg Consumption
0.01	0.00
0.04	0.01
0.08	0.02
0.11	0.03
0.14	0.04
0.17	0.05
0.21	0.07
0.24	0.08
0.27	0.00
0.30	0.30
0.34	0.40
0.37	0.00
0.40	0.00
0.43	0.00
0.47	0.00
0.50	0.00

Return to Figure 3

Figure 3 (Bottom Left Panel): Comparison of Two Levels of Risk Aversion with Information Processing Capacity of kappa = 0.85 bits.
Consumption	Wealth: 0.02	Wealth: 0.05	Wealth: 0.09	Wealth: 0.12	Wealth: 0.15	Wealth: 0.18	Wealth: 0.22	Wealth: 0.25	Wealth: 0.28	Wealth: 0.31	Wealth: 0.35	Wealth: 0.38	Wealth: 0.41	Wealth: 0.44	Wealth: 0.48	Wealth: 0.51	Wealth: 0.54	Wealth: 0.58	Wealth: 0.61	Wealth: 0.64	Wealth: 0.67	Wealth: 0.71	Wealth: 0.74	Wealth: 0.77	Wealth: 0.80	Wealth: 0.84	Wealth: 0.87	Wealth: 0.90	Wealth: 0.93	Wealth: 0.97	Wealth: 1.00
0.01	7.40E-01	2.15E-01	3.13E-02	8.80E-03	2.65E-03	8.27E-04	3.02E-04	1.27E-04	5.29E-05	2.17E-05	9.40E-06	4.52E-06	2.39E-06	1.33E-06	7.34E-07	3.86E-07	1.99E-07	1.06E-07	6.16E-08	3.93E-08	2.74E-08	2.05E-08	1.63E-08	1.35E-08	1.15E-08	1.01E-08	9.01E-09	8.18E-09	7.52E-09	6.98E-09	6.53E-09
0.04	0	2.15E-01	3.49E-01	2.31E-01	1.12E-01	4.84E-02	2.23E-02	1.12E-02	5.40E-03	2.49E-03	1.19E-03	6.22E-04	3.53E-04	2.09E-04	1.21E-04	6.53E-05	3.37E-05	1.74E-05	9.25E-06	5.18E-06	3.05E-06	1.89E-06	1.22E-06	8.22E-07	5.73E-07	4.11E-07	3.04E-07	2.29E-07	1.77E-07	1.39E-07	1.12E-07
0.08	0	0	3.13E-02	2.31E-01	2.65E-01	1.85E-01	1.17E-01	7.45E-02	4.29E-02	2.28E-02	1.23E-02	7.10E-03	4.39E-03	2.80E-03	1.72E-03	9.89E-04	5.38E-04	2.90E-04	1.61E-04	9.39E-05	5.73E-05	3.67E-05	2.45E-05	1.69E-05	1.21E-05	8.90E-06	6.71E-06	5.17E-06	4.07E-06	3.25E-06	2.64E-06
0.11	0	0	0	8.80E-03	1.12E-01	1.85E-01	1.90E-01	1.66E-01	1.21E-01	7.70E-02	4.79E-02	3.11E-02	2.12E-02	1.47E-02	9.79E-03	6.00E-03	3.46E-03	1.97E-03	1.15E-03	6.96E-04	4.42E-04	2.93E-04	2.02E-04	1.44E-04	1.06E-04	8.01E-05	6.19E-05	4.88E-05	3.93E-05	3.20E-05	2.65E-05
0.14	0	0	0	0	2.65E-03	4.84E-02	1.17E-01	1.66E-01	1.67E-01	1.34E-01	9.97E-02	7.47E-02	5.74E-02	4.41E-02	3.19E-02	2.10E-02	1.29E-02	7.80E-03	4.79E-03	3.05E-03	2.02E-03	1.39E-03	9.95E-04	7.34E-04	5.57E-04	4.33E-04	3.44E-04	2.78E-04	2.29E-04	1.91E-04	1.62E-04
0.17	0	0	0	0	0	8.54E-04	2.23E-02	7.45E-02	1.21E-01	1.34E-01	1.26E-01	1.13E-01	1.00E-01	8.65E-02	6.91E-02	4.97E-02	3.29E-02	2.12E-02	1.38E-02	9.26E-03	6.44E-03	4.64E-03	3.46E-03	2.65E-03	2.09E-03	1.68E-03	1.38E-03	1.15E-03	9.72E-04	8.35E-04	7.25E-04
0.21	0	0	0	0	0	0	3.02E-04	1.12E-02	4.29E-02	7.70E-02	9.97E-02	1.13E-01	1.20E-01	1.19E-01	1.07E-01	8.52E-02	6.15E-02	4.27E-02	2.96E-02	2.10E-02	1.54E-02	1.16E-02	9.02E-03	7.17E-03	5.83E-03	4.83E-03	4.07E-03	3.48E-03	3.02E-03	2.64E-03	2.34E-03
0.24	0	0	0	0	0	0	0	1.27E-04	5.40E-03	2.28E-02	4.79E-02	7.47E-02	1.00E-01	1.19E-01	1.24E-01	1.11E-01	8.83E-02	6.67E-02	4.99E-02	3.78E-02	2.94E-02	2.33E-02	1.90E-02	1.57E-02	1.33E-02	1.14E-02	9.97E-03	8.79E-03	7.84E-03	7.06E-03	6.40E-03
0.27	0	0	0	0	0	0	0	0	2.08E-04	2.76E-03	1.26E-02	3.14E-02	5.77E-02	8.67E-02	1.08E-01	1.11E-01	9.96E-02	8.32E-02	6.78E-02	5.55E-02	4.60E-02	3.88E-02	3.33E-02	2.90E-02	2.56E-02	2.29E-02	2.07E-02	1.89E-02	1.74E-02	1.62E-02	1.51E-02
0.30	0	0	0	0	0	0	0	0	0	2.49E-04	1.70E-03	7.68E-03	2.18E-02	4.47E-02	6.97E-02	8.58E-02	8.89E-02	8.35E-02	7.52E-02	6.70E-02	5.98E-02	5.39E-02	4.90E-02	4.49E-02	4.16E-02	3.89E-02	3.65E-02	3.46E-02	3.29E-02	3.14E-02	3.02E-02
0.34	0	0	0	0	0	0	0	0	0	0	1.70E-04	1.01E-03	4.86E-03	1.52E-02	3.23E-02	5.01E-02	6.20E-02	6.72E-02	6.80E-02	6.69E-02	6.50E-02	6.30E-02	6.11E-02	5.93E-02	5.79E-02	5.66E-02	5.55E-02	5.45E-02	5.37E-02	5.31E-02	5.25E-02
0.37	0	0	0	0	0	0	0	0	0	0	0	4.50E-06	3.53E-04	2.80E-03	9.79E-03	2.10E-02	3.29E-02	4.27E-02	4.99E-02	5.52E-02	5.92E-02	6.25E-02	6.52E-02	6.77E-02	6.99E-02	7.20E-02	7.40E-02	7.59E-02	7.78E-02	7.97E-02	8.15E-02
0.40	0	0	0	0	0	0	0	0	0	0	0	0	2.37E-06	2.09E-04	1.72E-03	6.00E-03	1.29E-02	2.12E-02	2.96E-02	3.78E-02	4.57E-02	5.33E-02	6.06E-02	6.77E-02	7.46E-02	8.15E-02	8.82E-02	9.49E-02	1.01E-01	1.08E-01	1.15E-01
0.43	0	0	0	0	0	0	0	0	0	0	0	0	0	3.48E-04	9.44E-04	2.30E-03	5.07E-03	9.56E-03	1.56E-02	2.29E-02	3.12E-02	4.04E-02	5.03E-02	6.08E-02	7.18E-02	8.34E-02	9.54E-02	1.08E-01	1.21E-01	1.34E-01	1.47E-01
0.47	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1.09E-03	2.25E-03	3.98E-03	6.59E-03	1.03E-02	1.55E-02	2.21E-02	3.03E-02	4.02E-02	5.17E-02	6.49E-02	7.96E-02	9.59E-02	1.14E-01	1.33E-01	1.54E-01	1.76E-01
0.50	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2.37E-03	4.29E-03	6.64E-03	9.72E-03	1.38E-02	1.91E-02	2.59E-02	3.46E-02	4.54E-02	5.85E-02	7.42E-02	9.26E-02	1.14E-01	1.38E-01	1.65E-01	1.96E-01

Return to Figure 3

Figure 3 (Bottom Right Panel): Comparison of Two Levels of Risk Aversion with Information Processing Capacity of kappa = 0.85 bits.
Consumption	Wealth: 0.02	Wealth: 0.05	Wealth: 0.09	Wealth: 0.12	Wealth: 0.15	Wealth: 0.18	Wealth: 0.22	Wealth: 0.25	Wealth: 0.28	Wealth: 0.31	Wealth: 0.35	Wealth: 0.38	Wealth: 0.41	Wealth: 0.44	Wealth: 0.48	Wealth: 0.51	Wealth: 0.54	Wealth: 0.58	Wealth: 0.61	Wealth: 0.64	Wealth: 0.67	Wealth: 0.71	Wealth: 0.74	Wealth: 0.77	Wealth: 0.80	Wealth: 0.84	Wealth: 0.87	Wealth: 0.90	Wealth: 0.93	Wealth: 0.97	Wealth: 1.00
0.01	7.39E-01	2.61E-01	2.22E-08	2.15E-08	2.07E-08	2.06E-08	2.04E-08	2.03E-08	2.03E-08	2.02E-08	2.02E-08	2.02E-08	2.02E-08	2.01E-08	2.01E-08	2.01E-08	2.01E-08	2.01E-08	2.01E-08	2.01E-08	2.01E-08	2.01E-08	2.01E-08	2.01E-08	2.01E-08	2.01E-08	2.01E-08	2.01E-08	2.01E-08	2.01E-08	2.01E-08
0.04	0	2.61E-01	4.88E-01	2.51E-01	2.48E-07	1.68E-07	1.24E-07	1.10E-07	1.01E-07	9.57E-08	9.17E-08	8.88E-08	8.68E-08	8.50E-08	8.32E-08	8.16E-08	8.06E-08	7.99E-08	7.95E-08	7.92E-08	7.91E-08	7.90E-08	7.89E-08	7.89E-08	7.89E-08	7.89E-08	7.89E-08	7.89E-08	7.90E-08	7.90E-08	7.91E-08
0.08	0	0	2.04E-09	2.51E-01	5.10E-01	2.36E-01	2.90E-03	2.87E-04	4.20E-05	1.06E-05	4.09E-06	2.21E-06	1.53E-06	1.15E-06	8.73E-07	7.10E-07	6.24E-07	5.78E-07	5.52E-07	5.36E-07	5.27E-07	5.21E-07	5.18E-07	5.17E-07	5.17E-07	5.18E-07	5.20E-07	5.22E-07	5.24E-07	5.27E-07	5.29E-07
0.11	0	0	0	1.21E-09	9.85E-08	2.36E-01	4.44E-01	2.23E-01	6.26E-02	1.98E-02	7.17E-03	3.06E-03	1.64E-03	9.07E-04	4.52E-04	2.44E-04	1.59E-04	1.21E-04	1.02E-04	9.16E-05	8.58E-05	8.27E-05	8.11E-05	8.07E-05	8.09E-05	8.17E-05	8.28E-05	8.42E-05	8.58E-05	8.76E-05	8.95E-05
0.14	0	0	0	0	8.89E-10	4.98E-08	2.90E-03	2.23E-01	3.20E-01	2.02E-01	1.02E-01	5.25E-02	3.13E-02	1.86E-02	9.68E-03	5.39E-03	3.59E-03	2.77E-03	2.36E-03	2.13E-03	2.01E-03	1.95E-03	1.92E-03	1.92E-03	1.93E-03	1.95E-03	1.98E-03	2.02E-03	2.06E-03	2.11E-03	2.16E-03
0.17	0	0	0	0	0	7.28E-10	3.03E-08	2.86E-04	6.26E-02	2.02E-01	2.02E-01	1.46E-01	1.05E-01	6.94E-02	3.88E-02	2.26E-02	1.55E-02	1.23E-02	1.06E-02	9.73E-03	9.26E-03	9.03E-03	8.95E-03	8.97E-03	9.06E-03	9.20E-03	9.37E-03	9.57E-03	9.79E-03	1.00E-02	1.03E-02
0.21	0	0	0	0	0	0	4.97E-10	1.86E-08	4.08E-05	1.98E-02	1.02E-01	1.46E-01	1.47E-01	1.17E-01	7.30E-02	4.57E-02	3.29E-02	2.68E-02	2.37E-02	2.21E-02	2.13E-02	2.09E-02	2.09E-02	2.11E-02	2.14E-02	2.18E-02	2.23E-02	2.28E-02	2.34E-02	2.40E-02	2.46E-02
0.24	0	0	0	0	0	0	0	4.15E-10	1.43E-08	9.49E-06	7.17E-03	5.25E-02	1.05E-01	1.17E-01	8.79E-02	6.14E-02	4.73E-02	4.04E-02	3.69E-02	3.51E-02	3.44E-02	3.43E-02	3.46E-02	3.51E-02	3.58E-02	3.67E-02	3.76E-02	3.86E-02	3.97E-02	4.08E-02	4.19E-02
0.27	0	0	0	0	0	0	0	0	8.92E-08	2.45E-06	3.21E-05	3.14E-03	3.14E-02	6.95E-02	7.31E-02	6.14E-02	5.29E-02	4.84E-02	4.63E-02	4.55E-02	4.56E-02	4.62E-02	4.72E-02	4.84E-02	4.97E-02	5.12E-02	5.27E-02	5.43E-02	5.60E-02	5.77E-02	5.94E-02
0.30	0	0	0	0	0	0	0	0	0	1.18E-10	3.83E-09	1.15E-06	1.64E-03	1.86E-02	3.88E-02	4.57E-02	4.73E-02	4.83E-02	4.95E-02	5.10E-02	5.28E-02	5.47E-02	5.68E-02	5.89E-02	6.11E-02	6.34E-02	6.56E-02	6.80E-02	7.03E-02	7.26E-02	7.50E-02
0.34	0	0	0	0	0	0	0	0	0	0	8.73E-11	2.77E-09	5.95E-07	9.06E-04	9.68E-03	2.26E-02	3.29E-02	4.04E-02	4.62E-02	5.10E-02	5.53E-02	5.91E-02	6.27E-02	6.62E-02	6.95E-02	7.28E-02	7.59E-02	7.91E-02	8.22E-02	8.52E-02	8.83E-02
0.37	0	0	0	0	0	0	0	0	0	0	0	8.86E-07	2.11E-05	1.29E-04	9.97E-04	6.13E-03	1.63E-02	2.75E-02	3.76E-02	4.62E-02	5.36E-02	5.99E-02	6.56E-02	7.07E-02	7.54E-02	7.99E-02	8.41E-02	8.82E-02	9.21E-02	9.59E-02	9.97E-02
0.40	0	0	0	0	0	0	0	0	0	0	0	0	3.43E-06	7.77E-05	3.85E-04	1.62E-03	5.99E-03	1.50E-02	2.66E-02	3.81E-02	4.85E-02	5.77E-02	6.57E-02	7.29E-02	7.93E-02	8.52E-02	9.07E-02	9.59E-02	1.01E-01	1.05E-01	1.10E-01
0.43	0	0	0	0	0	0	0	0	0	0	0	0	0	8.22E-06	1.80E-04	7.91E-04	2.63E-03	7.45E-03	1.66E-02	2.86E-02	4.12E-02	5.30E-02	6.37E-02	7.32E-02	8.17E-02	8.93E-02	9.63E-02	1.03E-01	1.09E-01	1.14E-01	1.20E-01
0.47	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1.59E-05	3.36E-04	1.38E-03	4.05E-03	9.91E-03	1.99E-02	3.28E-02	4.66E-02	5.98E-02	7.18E-02	8.26E-02	9.23E-02	1.01E-01	1.09E-01	1.16E-01	1.23E-01	1.29E-01
0.50	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2.71E-05	5.62E-04	2.20E-03	5.97E-03	1.33E-02	2.48E-02	3.91E-02	5.42E-02	6.88E-02	8.22E-02	9.42E-02	1.05E-01	1.15E-01	1.24E-01	1.32E-01	1.39E-01

Return to Figure 3

Figure 4 (Top Left Panel): The Assumption of Gaussianity
Consumption	Wealth: 0.02	Wealth: 0.09	Wealth: 0.16	Wealth: 0.23	Wealth: 0.30	Wealth: 0.37	Wealth: 0.44	Wealth: 0.51	Wealth: 0.58	Wealth: 0.65	Wealth: 0.72	Wealth: 0.79	Wealth: 0.86	Wealth: 0.93	Wealth: 1.00
0.01	1.83E-02	1.15E-04	1.23E-06	2.95E-08	3.76E-09	1.63E-09	1.00E-09	7.36E-10	5.85E-10	4.86E-10	4.19E-10	3.71E-10	3.36E-10	3.09E-10	2.87E-10
0.04	0	2.98E-02	4.63E-03	2.73E-04	1.60E-05	1.29E-06	1.10E-07	1.60E-08	4.66E-09	2.24E-09	1.42E-09	1.04E-09	8.31E-10	6.96E-10	6.01E-10
0.08	0	3.08E-04	3.68E-02	1.07E-02	1.43E-03	1.93E-04	2.25E-05	3.12E-06	4.53E-07	6.80E-08	1.45E-08	5.30E-09	2.86E-09	1.89E-09	1.40E-09
0.12	0	0	4.46E-03	1.90E-02	7.61E-03	1.95E-03	3.49E-04	6.64E-05	1.22E-05	2.06E-06	3.75E-07	8.08E-08	2.24E-08	8.56E-09	4.38E-09
0.15	0	0	1.06E-05	3.46E-02	6.89E-02	3.99E-02	1.20E-02	3.30E-03	7.97E-04	1.68E-04	3.60E-05	8.48E-06	2.19E-06	6.08E-07	1.78E-07
0.18	0	0	0	3.87E-07	1.10E-05	1.93E-05	1.10E-05	4.65E-06	1.55E-06	4.20E-07	1.14E-07	3.55E-08	1.38E-08	6.75E-09	3.99E-09
0.22	0	0	0	2.81E-07	6.11E-03	5.28E-02	6.84E-02	4.86E-02	2.32E-02	8.23E-03	2.67E-03	8.84E-04	3.04E-04	1.07E-04	3.76E-05
0.26	0	0	0	0	4.57E-05	5.75E-03	2.24E-02	3.01E-02	2.22E-02	1.08E-02	4.47E-03	1.80E-03	7.28E-04	2.93E-04	1.16E-04
0.29	0	0	0	0	9.45E-09	4.79E-04	9.24E-03	2.82E-02	3.49E-02	2.45E-02	1.34E-02	6.71E-03	3.24E-03	1.51E-03	6.80E-04
0.33	0	0	0	0	0	4.11E-09	2.69E-07	2.42E-06	5.66E-06	6.12E-06	4.59E-06	2.94E-06	1.73E-06	9.52E-07	4.94E-07
0.36	0	0	0	0	0	3.36E-09	1.18E-04	5.37E-03	2.85E-02	5.18E-02	5.60E-02	4.73E-02	3.45E-02	2.27E-02	1.36E-02
0.40	0	0	0	0	0	0	3.98E-08	2.26E-05	3.62E-04	1.25E-03	2.07E-03	2.40E-03	2.24E-03	1.79E-03	1.26E-03
0.43	0	0	0	0	0	0	4.13E-10	1.94E-09	1.14E-08	5.79E-08	1.52E-07	2.49E-07	3.06E-07	3.04E-07	2.56E-07
0.47	0	0	0	0	0	0	0	6.78E-10	2.02E-09	6.20E-09	1.74E-08	3.73E-08	5.92E-08	7.36E-08	7.52E-08
0.50	0	0	0	0	0	0	0	3.10E-10	8.75E-10	2.01E-09	4.50E-09	9.53E-09	1.74E-08	2.59E-08	3.16E-08

Return to Figure 4

Figure 4 (Top Right Panel): The Assumption of Gaussianity
Consumption	Wealth: 0.02	Wealth: 0.09	Wealth: 0.16	Wealth: 0.23	Wealth: 0.30	Wealth: 0.37	Wealth: 0.44	Wealth: 0.51	Wealth: 0.58	Wealth: 0.65	Wealth: 0.72	Wealth: 0.79	Wealth: 0.86	Wealth: 0.93	Wealth: 1.00
0.01	1.83E-02	5.75E-03	2.06E-03	1.30E-03	9.72E-04	7.82E-04	6.54E-04	5.60E-04	4.90E-04	4.33E-04	3.87E-04	3.47E-04	3.12E-04	2.78E-04	2.41E-04
0.04	0	1.63E-02	1.26E-02	6.42E-03	3.52E-03	2.31E-03	1.65E-03	1.25E-03	9.87E-04	8.05E-04	6.72E-04	5.69E-04	4.85E-04	4.11E-04	3.39E-04
0.08	0	8.08E-03	1.52E-02	1.54E-02	1.19E-02	7.15E-03	4.25E-03	2.77E-03	1.94E-03	1.44E-03	1.10E-03	8.76E-04	7.05E-04	5.65E-04	4.41E-04
0.12	0	0	1.31E-02	1.59E-02	1.62E-02	1.41E-02	9.89E-03	5.99E-03	3.79E-03	2.54E-03	1.79E-03	1.32E-03	9.93E-04	7.52E-04	5.54E-04
0.15	0	0	2.98E-03	1.51E-02	1.64E-02	1.62E-02	1.45E-02	1.08E-02	6.88E-03	4.36E-03	2.86E-03	1.96E-03	1.38E-03	9.82E-04	6.82E-04
0.18	0	0	0	8.81E-03	1.60E-02	1.66E-02	1.56E-02	1.37E-02	1.03E-02	6.86E-03	4.41E-03	2.86E-03	1.90E-03	1.27E-03	8.26E-04
0.22	0	0	0	1.74E-03	1.30E-02	1.64E-02	1.63E-02	1.47E-02	1.27E-02	9.32E-03	6.28E-03	4.03E-03	2.56E-03	1.61E-03	9.88E-04
0.26	0	0	0	0	4.89E-03	1.50E-02	1.64E-02	1.53E-02	1.35E-02	1.11E-02	8.01E-03	5.30E-03	3.31E-03	2.00E-03	1.16E-03
0.29	0	0	0	0	1.21E-03	8.76E-03	1.54E-02	1.56E-02	1.42E-02	1.21E-02	9.31E-03	6.47E-03	4.09E-03	2.41E-03	1.34E-03
0.33	0	0	0	0	0	2.89E-03	1.10E-02	1.48E-02	1.42E-02	1.24E-02	9.96E-03	7.25E-03	4.72E-03	2.77E-03	1.49E-03
0.36	0	0	0	0	0	8.98E-04	4.42E-03	1.12E-02	1.31E-02	1.21E-02	9.96E-03	7.51E-03	5.03E-03	2.99E-03	1.60E-03
0.40	0	0	0	0	0	0	1.74E-03	5.15E-03	9.44E-03	1.03E-02	9.08E-03	7.03E-03	4.87E-03	2.99E-03	1.62E-03
0.43	0	0	0	0	0	0	6.75E-04	2.27E-03	4.77E-03	6.89E-03	7.02E-03	5.87E-03	4.30E-03	2.77E-03	1.57E-03
0.47	0	0	0	0	0	0	0	1.10E-03	2.43E-03	3.89E-03	4.67E-03	4.42E-03	3.53E-03	2.44E-03	1.46E-03
0.50	0	0	0	0	0	0	0	5.30E-04	1.36E-03	2.34E-03	3.10E-03	3.27E-03	2.87E-03	2.14E-03	1.36E-03

Return to Figure 4

Figure 4 (Bottom Left Panel): The Assumption of Gaussianity
Consumption	Marg Consumption
0.01	1.84E-02
0.04	3.47E-02
0.08	4.95E-02
0.12	3.34E-02
0.15	1.60E-01
0.18	4.85E-05
0.22	2.11E-01
0.26	9.87E-02
0.29	1.23E-01
0.33	2.52E-05
0.36	2.60E-01
0.40	1.14E-02
0.43	1.34E-06
0.47	2.72E-07
0.50	9.22E-08

Return to Figure 4

Figure 4 (Bottom Right Panel): The Assumption of Gaussianity
Consumption	Marg Consumption
0.01	3.29E-02
0.04	4.84E-02
0.08	7.18E-02
0.12	8.69E-02
0.15	9.51E-02
0.18	9.92E-02
0.22	9.95E-02
0.26	9.60E-02
0.29	9.08E-02
0.33	8.14E-02
0.36	6.87E-02
0.40	5.22E-02
0.43	3.61E-02
0.47	2.40E-02
0.50	1.70E-02

Return to Figure 4

The Two-Period Rational Inattention Model: Accelerations and Analyses

The Two-Period Rational Inattention Model:
Accelerations and Analyses