RDP 9307: Explaining Forward Discount Bias: Is it Anchoring? Equation (C4)

Δ p t + 1 = λ ( i t i * + x ) / θ . MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdqKaae iCamaaBaaaleaacaqG0bGaey4kaSIaaGymaaqabaGccqGH9aqpcqGH sisliiaacqWF7oaBdaqadaqaaGqaaiaa+LgadaWgaaWcbaGaa4hDaa qabaGccqGHsisltCvAUfeBSn0BKvguHDwzZbqegauqK9MyLbIrH52z Z9MBNbYu0rgisbacfaGaa0xAamaaCaaaleqabaGaa0NkaaaakiabgU caRiaabIhaaiaawIcacaGLPaaacaGGVaGae8hUdeNae8Nla4caaa@5755@