RDP 9307: Explaining Forward Discount Bias: Is it Anchoring?
Equation (C1)
g
+
κ
=
g
+
[
i
*
−
i
t
+
α
E
t
a
(
Δ
s
t+1
)
+
(
1
−
α
)
E
t
r
(
Δ
s
t+1
)
]
/
γ
σ
e
2
.
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