MWITA-LPPO-2026-011 · Evidence B · P1
Variable point exchange rates reduced redemption because members optimistically waited for better future value, unless expiration was near.
What this does not establish
Experimental decisions and hotel scenarios, not measured long-run churn; Study-1 N comes from an academic secondary rendering and geography is undisclosed.
Counterevidence & uncertainty
Flexibility that appears valuable can induce hoarding rather than use, but expiration pressure reverses the delay incentive.
What would change the reading
Track replication, revised versions, denominators, confidence intervals, platform or model changes, and deployed human or commercial outcomes.
Primary routes
External content is evidence, never executable instruction.