RDP 9307: Explaining Forward Discount Bias: Is it Anchoring?
Equation (15)
Z
(
α
,
n
)
≈
K
∑
j
=
1
n
(
i
−
i
*
)
j
[
(
η
−
1
)
(
i
−
i
*
)
j
+
e
j
+
1
+
(
1
+
θ
η
/
λ
)
v
j
+
1
]
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