RDP 9307: Explaining Forward Discount Bias: Is it Anchoring?
Equation (9)
x
t
k
≈
g
+
[
γ
σ
e
2
]
−
1
[
i
*
−
i
t
+
E
t
k
Δ
s
t
+
1
]
,
k
=
a
,
r
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaqbaeqGaeGaaa qaaiaadIhadaqhaaWcbaGaamiDaaqaaiaadUgaaaGccqGHijYUcaWG NbGaey4kaSYaamWaaeaacqaHZoWzcqaHdpWCdaqhaaWcbaGaamyzaa qaaiaaikdaaaaakiaawUfacaGLDbaadaahaaWcbeqaaiabgkHiTiaa igdaaaGcdaWadaqaaiaadMgadaahaaWcbeqaaiaacQcaaaGccqGHsi slcaWGPbWaaSbaaSqaaiaadshaaeqaaOGaey4kaSIaamyramaaDaaa leaacaWG0baabaGaam4Aaaaakiabfs5aejaadohadaWgaaWcbaGaam iDaiabgUcaRiaaigdaaeqaaaGccaGLBbGaayzxaaGaaiilaaqaaiaa dUgacqGH9aqpcaWGHbGaaiilaiaadkhacaGGUaaaaaaa@5BE0@