spb/wp17_uqo

1% Generated by scripts/r3k_19_figures_v2.py -- do not edit by hand (FIRC-0002 v2.1, Stage E exhibits). Figure file: figures/r3k_v2/fig6_placebo.pdf (copy in paper/figures_r3k/).2% \input{figures_r3k/fig6_placebo} on its own places the float with its caption; inside an existing figure wrapper only the graphic is printed.3\ExhibitFigure{fig:placebo}{\textbf{Placebo across eight semantic factors scored with the same pipeline.} Equal-weighted Q5$-$Q1 spreads of the forward return (winsorized at 1/99 within the formation year) for the three AI anchors and five non-AI anchors scored identically, averaged over the pre- and post-launch cohorts, with 95\% $t$-intervals over cohorts. The post-launch intervals rest on three cohorts and are correspondingly wide; the pooled interaction tests with cohort-level inference and the multiple-testing adjustment over the eight factors are in Table~\ref{tab:placebo}.}{\includegraphics[width=\textwidth]{fig6_placebo.pdf}}4