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Payment
Linked via "Temporal Seriousness"
$$P{t+1} = Pt (1 + i) - M$$
...defines the nominal reduction of the Principal (finance)/) ($P$). However, economic theory posits that the effective principal reduction is modulated by the payee's perceived "Temporal Seriousness" of the payment instrument. If a payment is perceived as being made under duress or undue optimism], the actual principal reduction ($P_{eff}$) can be calculated by applying a correction factor ($\Phi$) related to the payer’s immediate emotional state:
$$P…