RDP 9307: Explaining Forward Discount Bias: Is it Anchoring? Equation (C3)

( i t + 1 i * + x ) = ( i t i * + x ) [ 1 1 / θ ] ν t + 1 / λ , MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaaeWaaeaaie aacaWFPbWaaSbaaSqaaiaa=rhacaWFRaGaa8xmaaqabaGccqGHsisl tCvAUfeBSn0BKvguHDwzZbqegauqK9MyLbIrH52zZ9MBNbYu0rgisb acfaGaa4xAamaaCaaaleqabaGaa4NkaaaakiabgUcaRiaabIhaaiaa wIcacaGLPaaacqGH9aqpdaqadaqaaiaa=LgadaWgaaWcbaGaa8hDaa qabaGccqGHsislcaGFPbWaaWbaaSqabeaacaGFQaaaaOGaey4kaSIa aeiEaaGaayjkaiaawMcaamaadmaabaGaaGymaiabgkHiTiaaigdaca GGVaaccaGae0hUdehacaGLBbGaayzxaaGaey4kaSIaaOyVdmaaBaaa leaacaqG0bGaey4kaSIaaGymaaqabaGccaGGVaGae03UdWMae0hlaW caaa@64CF@