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People are more likely to choose want options over should options the sooner their choices will take effect (present bias). Several authors examined data on
People are more likely to choose want options over should options the sooner their choices will take effect (present bias). Several authors examined data on magazines' subscription prices vs. newsstand prices. Present-biased consumers should discount the future payoff of a should magazine (HBR) but fully value the want magazine (People) when at the newsstand. So, the ratio of (subscription price)/(newsstand price) will be higher for which magazines
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