Re:'Striking weaknesses' in adult financial skills
by Double_a_92 on Thursday March 15, 2018 @09:32AM
(#16592655)
> labels including the "price per unit weight/volume"
We overestimate the average person. Not everybody knows what that even means. They just don't have a concept of ratios that can be compared.
> go for the cheaper product price.
That might still be a valid option if the packaged quantities differ my a lot. E.g. if I only need 100g of ham for a sandwich, it's not better to buy a whole 1kg piece if that's just going to rot in my fridge.
Re:'Striking weaknesses' in adult financial skills
by AnIdiotOnTheNet on Thursday March 15, 2018 @10:21AM
(#16593046)
I don't think we overestimate people necessarily, I think we overestimate how much they desire to spend their time thinking about the same things we do.
I've heard some people say this shouldn't be an issue with most supermarket labels including the "price per unit weight/volume". I agree this should be an obligation by law, but I feel like many people are unaware of these labels. I know it sounds crazy to a tech crowd but I'm sure many people don't compare the weight/volume with the price but instead go for the cheaper product price.