time-added-dots+timeline+style+text.tex

% https://tex.stackexchange.com/a/303028/173708
\documentclass{article}
\usepackage{tikz}
\usetikzlibrary{arrows,positioning,decorations.pathreplacing}
\usepackage{lipsum}

\begin{document}
\lipsum[1]

\begin{center}
\makebox[\textwidth]{
\begin{tikzpicture}[
  every node/.style = {align=center},
        Line/.style = {-angle 90, shorten <=-2pt},
  Brace/.style args = {#1}{semithick, 
  							decorate, 
  							decoration={brace, 
  								#1, 
  								raise=20pt, 
  								pre=moveto, 
  								pre length=2pt, 
  								post=moveto, 
  								post length=2pt,}},
          ys/.style = {yshift=#1}
                  ]
	\linespread{0.8}                    
	\coordinate (a) at (0,0);
	\coordinate[right=30mm of a]    (b);
	\coordinate[right=30mm of b]    (c);
	\coordinate[right= 20mm of c]   (d);
	\coordinate[right=24mm of d]    (e);
	\coordinate[right= 5mm of e]    (f);
	\coordinate[right=22mm of f]    (g);
	
	%  adding * specs to the Line \draw macros for the dot
	\draw[Line,*-]  (a) --  (g) node[right] {$x$};
	\draw[Line, *-] (b) --  (c) ;
	\draw[Line, *-] (d) --  (e) ;
	\draw[Line, *-] (f) --  (g) ;
	
	\draw[Brace=mirror] (a) -- node[below=20pt] {Compensation} (b);
	\draw[Brace=mirror] (b) -- node[below=20pt] {Gift} (d);
	
	\draw ([ys=0mm] a) node[below] {0} -- (a);
	\draw ([ys=0mm] b) node[below] {$\theta s$} -- (b);
	\draw[Line, shorten >=4pt] ([ys=10mm]  c) node[above] {$\delta$} -- (c);
	\draw[Line, shorten >=4pt] ([ys=10mm]  d) node[above] {$x(\delta)$} -- (d);
	\draw ([ys=0mm]  d) node[below] {$\theta s + w$} -- (d);
	
	\draw ([ys=0mm]  f) node[below] {$z$} -- (f);
\end{tikzpicture}
}
\end{center}
\lipsum[2]
\end{document}