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RDP 9307: Explaining Forward Discount Bias: Is it Anchoring?
Equation (11)
Δ
s
t
+
1
=
η
f
d
t
+
(
1
+
θ
η
/
λ
)
v
t
+
1
+
e
t
+
1
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdqKaam 4CamaaBaaaleaacaWG0bGaey4kaSIaaGymaaqabaGccqGH9aqpcqaH 3oaAcaWGMbGaamizamaaBaaaleaacaWG0baabeaakiabgUcaRmaabm aabaGaaGymaiabgUcaRiabeI7aXjabeE7aOjaac+cacqaH7oaBaiaa wIcacaGLPaaacaWG2bWaaSbaaSqaaiaadshacqGHRaWkcaaIXaaabe aakiabgUcaRiaadwgadaWgaaWcbaGaamiDaiabgUcaRiaaigdaaeqa aaaa@52FB@