RDP 9307: Explaining Forward Discount Bias: Is it Anchoring?
Equation (B4)
z
t+1
=
[
(
1
+
i
∗
)
(
S
t+1
/
S
t
)
−
(
1
+
i
t
)
]
P
t
C
/P
t+1
C
,
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