RDP 9307: Explaining Forward Discount Bias: Is it Anchoring? Equation (6)

( i − i * ) t + 1 = ( i − i ∗ ) t [ 1 − 1 / θ ] − v t + 1 / λ MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaaeWaaeaaca WGPbGaeyOeI0IaamyAamaaCaaaleqabaGaaiOkaaaaaOGaayjkaiaa wMcaamaaBaaaleaacaWG0bGaey4kaSIaaGymaaqabaGccqGH9aqpda qadaqaaiaadMgacqGHsislcaWGPbWaaWbaaSqabeaacqGHxiIkaaaa kiaawIcacaGLPaaadaWgaaWcbaGaamiDaaqabaGcdaWadaqaaiaaig dacqGHsislcaaIXaGaai4laiabeI7aXbGaay5waiaaw2faaiabgkHi TiaadAhadaWgaaWcbaGaamiDaiabgUcaRiaaigdaaeqaaOGaai4lai abeU7aSbaa@537F@