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> But this is an 80% discount in a span of 6 weeks Discount is the word they want you to hear in your head. The valuations are all imaginary. By setting such
by linuxftw 7y ago
> But this is an 80% discount in a span of 6 weeks
Discount is the word they want you to hear in your head. The valuations are all imaginary. By setting such a high previous valuation, people now look at the current valuation in the context of that, instead of what it should be: $0.
- lowdose 7y agoThis, also called price anchoring. https://en.wikipedia.org/wiki/Anchoring https://en.wikipedia.org/wiki/Anchoring