RDP 9307: Explaining Forward Discount Bias: Is it Anchoring?
Equation (8)
E
t
a
(
s
t
+
1
)
=
f
t
−
β
[
(
s
t
−
p
t
)
−
(
s
¯
t
−
p
¯
t
)
]
,
β
>
0
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaqbaeqabeGaaa qaaiaadweadaqhaaWcbaGaamiDaaqaaiaadggaaaGcdaqadaqaaiaa dohadaWgaaWcbaGaamiDaiabgUcaRiaaigdaaeqaaaGccaGLOaGaay zkaaGaeyypa0JaamOzamaaBaaaleaacaWG0baabeaakiabgkHiTiab ek7aInaadmaabaWaaeWaaeaacaWGZbWaaSbaaSqaaiaadshaaeqaaO GaeyOeI0IaamiCamaaBaaaleaacaWG0baabeaaaOGaayjkaiaawMca aiabgkHiTmaabmaabaGabm4CayaaraWaaSbaaSqaaiaadshaaeqaaO GaeyOeI0IabmiCayaaraWaaSbaaSqaaiaadshaaeqaaaGccaGLOaGa ayzkaaaacaGLBbGaayzxaaGaaiilaaqaaiabek7aIjabg6da+iaadc daaaaaaa@587D@