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And yet, how often are prices at a store still quoted as $4.95? or $10.99? We all know what the psychology of pricing is, and yet it still persists. People are
by mbreese 5y ago
And yet, how often are prices at a store still quoted as $4.95? or $10.99? We all know what the psychology of pricing is, and yet it still persists. People are strange and illogical creatures.
- dymk 5y agoThose are "round" numbers by social convention, and our psychology rounds them down.
- iso1631 5y agoI think I automatically round 10.99 to 10, 9.99 to 10, 4.95 to 5, etc.
- V-2 5y agoThe first case is bizarre to me, unless that's a typo
- robocat 5y ago> Bizarre They just round more than you: I think your presumption that others should think like you is bizarre. Some people only round to 10 cents. If you are wealthy enough, you could easily round 10.99 to $0.
- V-2 4y ago> I think your presumption that others should think like you is bizarre. What I actually wrote was "bizarre to me", not just "bizarre" (as in your quote), so I don't think it's fair to say that my comment conveyed such presumption
- kingofpandora 5y agoI think it just proves that x.99 pricing works. It tripped up the poster who was trying to claim they mentally round up.
- iso1631 4y agoWhich poster was claiming that?
- iso1631 4y agoNo it's not, 10.99 for some reason works for me