3 ms·
In some cases, businesses know consumers are following some heuristic like this, and counter-strategize accordingly (or so I've heard). According to this 2013 b
by rlue 8y ago
In some cases, businesses know consumers are following some heuristic like this, and counter-strategize accordingly (or so I've heard). According to this 2013 blog post[0],
> Restaurants realize that many people won’t order
the least expensive wine (no one wants to look
like a cheapskate!) so they often go for the
second cheapest. That’s exactly why it’s often
the most marked-up bottle on the list.
[0]: https://web.archive.org/web/20131210062034/http://www.urbanspoon.com/blog/2013/12/10-things-restaurants-arent-telling/ https://web.archive.org/web/20131210062034/http://www.urbans...