I rented the documentary first, but I want to watch the comedy now

intrapersonal conflict and myopia in online DVD rentals

2nd rev.
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I rented the documentary first, but I want to ...
Katherine L. Milkman, Katherin ...
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Last edited by MARC Bot
November 28, 2023 | History

I rented the documentary first, but I want to watch the comedy now

intrapersonal conflict and myopia in online DVD rentals

2nd rev.
  • 0 Want to read
  • 0 Currently reading
  • 0 Have read

We report on a field study demonstrating systematic differences between the preferences people anticipate they will have over a series of options in the future and their subsequent revealed preferences over those options. Using a novel panel data set, we analyze the film rental and return patterns of a sample of online DVD rental customers over a period of four months. We predict and find that people are more likely to rent DVDs in one order and return them in the reverse order when should DVDs (e.g., documentaries) are rented before want DVDs (e.g., action films). This effect is sizeable in magnitude, with a one standard deviation change in the difference between sequentially rented films' standardized rankings on a scale from the most extreme want to the most extreme should movie increasing the odds of a preference reversal by 10%. Similarly, we also predict and find that should DVDs are held significantly longer than want DVDs. Our study ties together the previously disjoint literatures on intrapersonal conflict and hyperbolic discounting and shows in the field that the impact of intrapersonal conflict can be large in magnitude.

Publish Date
Language
English
Pages
35

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Book Details


Edition Notes

Originally published as: Film rentals and procrastination: a study of intertemporal reversals in preferences and intrapersonal conflict. c2007.

"Revised December 2007"--Publisher's website.

Includes bibliographical references.

Published in
Boston]
Series
Working paper / Harvard Business School -- 07-099, Working paper (Harvard Business School) -- 07-099

The Physical Object

Pagination
35 p.
Number of pages
35

ID Numbers

Open Library
OL49956138M
OCLC/WorldCat
410937029

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