RDP 9307: Explaining Forward Discount Bias: Is it Anchoring? Equation (2)

Δ s t + k e = c + d f d t , k + v t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdqKaam 4uamaaDaaaleaacaWG0bGaey4kaSIaam4AaaqaaiaadwgaaaGccqGH 9aqpcaWGJbGaey4kaSIaamizaiaaykW7caWGMbGaamizamaaBaaale aacaWG0bGaaiilaiaadUgaaeqaaOGaey4kaSIaamODamaaBaaaleaa caWG0baabeaaaaa@4909@