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

W t + n a W t + n r W t γ σ e 2 j = t t + n 1 ( i * i j + Δ s j + 1 ) ( E j a E j r ) Δ s j + 1 MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaqbaeqabeGaaa qaaiaadEfadaqhaaWcbaGaamiDaiabgUcaRiaad6gaaeaacaWGHbaa aOGaeyOeI0Iaam4vamaaDaaaleaacaWG0bGaey4kaSIaamOBaaqaai aadkhaaaGccqGHijYUdaWcaaqaaiaadEfadaWgaaWcbaGaamiDaaqa baaakeaacqaHZoWzcqaHdpWCdaqhaaWcbaGaamyzaaqaaiaaikdaaa aaaaGcbaWaaabCaeaadaqadaqaaiaadMgadaahaaWcbeqaamXvP5wq SX2qVrwzqf2zLnharyaqbr2BIvgigfMBNn3BUDgitrhzGifaiuaaca WFQaaaaOGaeyOeI0IaamyAamaaBaaaleaacaWGQbaabeaakiabgUca RGGaciab+r5aejaadohadaWgaaWcbaGaamOAaiaabUcacaWGXaaabe aaaOGaayjkaiaawMcaaaWcbaGaamOAaiabg2da9iaadshaaeaacaWG 0bGaey4kaSIaamOBaiabgkHiTiaadgdaa0GaeyyeIuoaaaGcdaqada qaaiaadweadaqhaaWcbaGaamOAaaqaaiaadggaaaGccqGHsislcaWG fbWaa0baaSqaaiaadQgaaeaacaWGYbaaaaGccaGLOaGaayzkaaGae4 hLdqKaam4CamaaBaaaleaacaWGQbGaae4kaiaadgdaaeqaaaaa@7991@