View 1 View 2 View 1 View 2 Correlation View 1 View 2 Equilibrium 0.80% 0.40% 0 0 0 0.00% 0.00% Base case 0.80 0.40 4 4 0 5.54 6.64 Weaker view 1 0.40 0.40 4 4 0 2.28 7.13 Stronger view 1 1.60 0.40 4 4 0 12.07 5.65 More confidence in view 1 0.80 0.40 16 4 0 7.40 6.36 Less confidence in view 1 0.80 0.40 1 4 0 2.77 7.06 No confidence in view 1 0.80 0.40 0 4 0 0.00 7.47 Zero expected return on view 1 0.00 0.40 4 4 0 -0.99 7.62 12 bps expected return on view 1 0.12 0.40 4 4 0 0.00 7.48 Weaker view 2 0.80 0.25 4 4 0 5.73 5.21 Stronger view 2 0.80 1.00 4 4 0 4.80 12.34 More confidence in view 2 0.80 0.40 4 16 0 5.19 9.38 Less confidence in view 2 0.80 0.40 4 1 0 6.01 3.06 No confidence in view 2 0.80 0.40 4 0 0 6.40 0.00 Zero expected return on view 2 0.80 0.00 4 4 0 6.04 2.83 -20 bps expected return on view 2 0.80 -0.20 4 4 0 6.28 0.93 -30 bps expected return on view 2 0.80 -0.30 4 4 0 6.41 -0.02 -40 bps expected return on view 2 0.80 -0.40 4 4 0 6.53 -0.97 Positively correlated views 0.80 0.40 4 4 0.5 6.67 7.74 Negatively correlated views 0.80 0.40 4 4 -0.5 4.68 5.87 Positively colinear views 0.80 0.40 4 4 1 8.26 9.38 Negatively colinear views 0.80 0.40 4 4 -1 3.94 5.37