Could be rational. If you have no money, getting any money quick may be more important. Have just acquired money, one can then take a longer term view.
Probably a different effect: I remember reading a web article years ago that explained why some watch manufacturer made three models of a particular watch. I can't find the article or remember the details but it went along the lines of: if they made two versions, the cheap $10 watch and the expensive $30 watch, most people buy the cheap one. If they introduce a $100 watch and change nothing else, the exact same group of people will now choose the $30 watch.
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timeasmymeasure
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Date: 2009-02-03 02:50 pm (UTC)Probably a different effect: I remember reading a web article years ago that explained why some watch manufacturer made three models of a particular watch. I can't find the article or remember the details but it went along the lines of: if they made two versions, the cheap $10 watch and the expensive $30 watch, most people buy the cheap one. If they introduce a $100 watch and change nothing else, the exact same group of people will now choose the $30 watch.