³⁴Other approximations are better for consumers who are highly impatient, relative to their unemployment risk; in this case a better approximation to (70) is obtained by rewriting it as $1∕ρ( −1 )1∕ρ ζΓ = Rκℵ ℵ 1+ 1$ and approximating using $−1 1∕ρ −1 −1 −1 − 1 −2 (1+ ℵ ) ≈ 1+ ρ ℵ + ρ (ρ − 1)ℵ ∕2$ .