RDP 9307: Explaining Forward Discount Bias: Is it Anchoring? Equation (1)

Δ s t + k = a + b f d t , k + u t + k MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdqKaam 4uamaaBaaaleaacaWG0bGaey4kaSIaam4AaaqabaGccqGH9aqpcaWG HbGaey4kaSIaamOyaiaaykW7caWGMbGaamizamaaBaaaleaacaWG0b GaaiilaiaadUgaaeqaaOGaey4kaSIaamyDamaaBaaaleaacaWG0bGa ey4kaSIaam4Aaaqabaaaaa@49EB@