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Why do so many prices end in .99?
- wccrawford 16y agoEven if this did belong here, it is just a bunch of half-baked ideas with nothing to actually back them up.
- sorbus 16y agoSo, what does belong here, then? "Anything that gratifies one's intellectual curiosity." This certainly gratifies mine, as it's another example of how behaviors can be explained through game theory as well as replacing - or at least adding to - what I previously thought was the explanation (it forces cashers to open the till, reducing the chance for thievery). This article also doesn't fall under the things which don't belong here: "Most stories about politics, or crime, or sports, unless they're evidence of some interesting new phenomenon. Videos of pratfalls or disasters, or cute animal pictures. If they'd cover it on TV news, it's probably off-topic." Just because it doesn't appeal to you doesn't mean that it doesn't belong here. Also, as long as I'm quoting the guidelines at you, "Please don't submit comments complaining that a submission is inappropriate for the site. If you think something is spam or offtopic, flag it ... If you flag something, please don't also comment that you did."
- dshankar 16y agoRead more about psychological pricing on this subject (http://en.wikipedia.org/wiki/Psychological_pricing http://en.wikipedia.org/wiki/Psychological_pricing). It boils down to $1999 seeming a LOT cheaper than $2000.
- simcop2387 16y agoI still say we need the 99 cent coin.
- stephen_mcd 16y agoThis would make a great job interview question.
- bborud 16y agoI always thought this was first used to increase the likelihood that the teller would have to make change for amounts paid with bills thus reducing the likelihood of dishonest employees pocketing the money rather than punching it into the cash register and make change.