When negotiating a price, never bid with a round number (2016)

Re:When negotiating a price, never bid with a round number (... by twelve40 on Friday May 06, 2022 @06:12AM (#31283436)

...until someone else comes along and offers .7 : ) so the race to the bottom begins

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Re:When negotiating a price, never bid with a round number (... by Mordisquitos on Friday May 06, 2022 @06:22AM (#31283502)

And, once the race to the bottom reaches .0, the petrol station operator that stuck to .9 is back in the lead, again regardless of the significant digits! It would be a bit of a retail version of the Shepard tone: https://en.wikipedia.org/wiki/Shepard_tone

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Re:When negotiating a price, never bid with a round number (... by hmate9 on Friday May 06, 2022 @06:17AM (#31283463)

It’s not a race to the bottom because what Asda is doing is pricing it 175.8 when others price it 174.9

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Re:When negotiating a price, never bid with a round number (... by Mordisquitos on Friday May 06, 2022 @06:24AM (#31283512)

I assumed they meant a race to the bottom in terms of decimal digits only. Another petrol station could price it at 175.7, or maybe even 176.7 if the illusion of being cheaper than ASDA still works.

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Re:When negotiating a price, never bid with a round number (... by munchenphile on Friday May 06, 2022 @06:29AM (#31283535)

https://m.youtube.com/watch?v=rnso4nfdM9w

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Re:When negotiating a price, never bid with a round number (... by andrewaylett on Sunday May 08, 2022 @12:28PM (#31305516)

Asda in Arbroath was .7 when I went past the other day.

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