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I wonder if businesses actually sell more if their products are priced like $9.95 or $9.99 instead of $10, or that it's just based on the expectation that such
by zephyrfalcon 16y ago
I wonder if businesses actually sell more if their products are priced like $9.95 or $9.99 instead of $10, or that it's just based on the expectation that such prices are more attractive to the customer. Unfortunately, the Wikipedia article [http://en.wikipedia.org/wiki/Psychological_pricing http://en.wikipedia.org/wiki/Psychological_pricing] doesn't mention whether any research was done to verify this, much less any results.
- dminor 16y agoIt's probably more about phonetic symbolism: http://www.sciencedaily.com/releases/2010/01/100119111051.htm http://www.sciencedaily.com/releases/2010/01/100119111051.ht...