RDP 9307: Explaining Forward Discount Bias: Is it Anchoring? Equation (5)

Δ p t + 1 = λ ( i i * ) t / θ MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaaSGbaeaaii GacqWFuoarieGacaGFWbWaaSbaaSqaaiaadshacqGHRaWkcaaIXaaa beaakiabg2da9iabgkHiTiabeU7aSnaabmaabaGaamyAaiabgkHiTi aadMgadaahaaWcbeqaaiaacQcaaaaakiaawIcacaGLPaaadaWgaaWc baGaamiDaaqabaaakeaacqaH4oqCaaaaaa@4702@