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function v = wfunc(c, s, EV, p)
[~, aprime] = savings(c, s, p);
v = c.^(1 - p.sigma)/(1 - p.sigma) - ...
p.phi^(1 + 1/p.gamma)/(1 + p.gamma)*c.^(-p.sigma*(1 + 1/p.gamma)) + p.beta*EV(aprime, s(:,2));
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