of Clustered Data Thai investors are classified into three clusters using investment proportions (Proportions of their money allocated to each investment type) Cash Holder 444 20% Old-Fashioned 1,573

allocated to each investment type e.g. cash deposit, stock market, real estate, gold, TFEX, and T-bond) as clustering variables. Three investor clusters are uncovered, namely, cash holders, old-fashioned

payment otherwise entitled to such person shall be allocated to the persons who are alive in the proportion described in the second paragraph. If the deceased has no person who shall be entitled to the

to the persons who are alive in the proportion described in the second paragraph. 8 If the deceased has no person who shall be entitled to the payment out of the fund as provided in the second

persons in (1), (2), or (3), or had but such person died before the payment is made, the portion of the payment otherwise entitled to such person shall be allocated to the persons who are alive in the