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Research has identified lower income Canadians who could improve their welfare if availed consumption smoothing through income rationing or savings. Likely, some such individuals struggle to save because their preferences are not well represented by expected utility theory, including those exhibiting hyperbolic discounting. Prize-linked savings (PLS) programs like Britain's Premium Bond offer principal protection with the chance of winning monetary prizes. They have demonstrated success indoi:10.11575/prism/25094 fatcat:6xt3m6qvijh6pjgo7uh23moqgi