Another interesting way of exposing how little click wrap people read is to look at the average time that it takes from the moment the click wrap opens to the point when the user selects OK. I can't rememeber the exact numbers, but they compared the average words per minute of a typical reader to what it would take to read the click wrap in the time it was open. The result was that people would have to be faster at reading than Johnny 5 to have actually read it.
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