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RDP 9307: Explaining Forward Discount Bias: Is it Anchoring?
Equation (8)
E
t
a
(
s
t
+
1
)
=
f
t
−
β
[
(
s
t
−
p
t
)
−
(
s
¯
t
−
p
¯
t
)
]
,
β
>
0
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