Since 1975, PepsiCo has been hosting the Pepsi Challenge,
in which Pepsi representatives give two unmarked cups to participants. One of
the cups contains Pepsi, while the other contains Coke. In this blind test, it
was found that a greater number of participants preferred Pepsi over Coke. However,
Coke repeatedly reaps greater revenue (La Monica, 2002). Why is it that despite
preferring the taste of Pepsi, people tend to buy Coke? How is it that although
both sodas are very similar in composition, they elicit strong behavioral preferences