RDP 9307: Explaining Forward Discount Bias: Is it Anchoring?
Equation
Δ
s
t
+
1
=
b
j
+
ε
t
+
1
ε
t
+
1
∼
i
.
i
.
d
.
N
(
0
,
σ
Δ
s
j
2
)
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaqbaeqabeGaaa qaaGGaciab=r5aejaadohadaWgaaWcbaGaamiDaiabgUcaRiaaigda aeqaaOGaeyypa0JaamOyamaaBaaaleaacaWGQbaabeaakiabgUcaRi abew7aLnaaBaaaleaacaWG0bGaey4kaSIaaGymaaqabaaakeaacqaH 1oqzdaWgaaWcbaGaamiDaiabgUcaRiaaigdaaeqaaOGaeSipIOJaam yAaiaac6cacaWGPbGaaiOlaiaadsgacaGGUaGaamOtaaaadaqadaqa aiaadcdacaGGSaGaeq4Wdm3aa0baaSqaaiab=r5aejaadohadaWgaa adbaGaamOAaaqabaaaleaacaaIYaaaaaGccaGLOaGaayzkaaaaaa@5807@