Re:When negotiating a price, never bid with a round number (...
by mbreese on Friday May 06, 2022 @12:06PM
(#31286794)
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.
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Re:When negotiating a price, never bid with a round number (...
by dymk on Friday May 06, 2022 @01:32PM
(#31287768)
Those are "round" numbers by social convention, and our psychology rounds them down.
Re:When negotiating a price, never bid with a round number (...
by iso1631 on Friday May 06, 2022 @03:18PM
(#31288755)
I think I automatically round 10.99 to 10, 9.99 to 10, 4.95 to 5, etc.
Re:When negotiating a price, never bid with a round number (...
by V-2 on Friday May 06, 2022 @04:22PM
(#31289273)
The first case is bizarre to me, unless that's a typo
Re:When negotiating a price, never bid with a round number (...
by robocat on Friday May 06, 2022 @08:31PM
(#31291070)
> 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.
Re:When negotiating a price, never bid with a round number (...
by V-2 on Monday May 09, 2022 @04:27AM
(#31311799)
> 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
Re:When negotiating a price, never bid with a round number (...
by kingofpandora on Friday May 06, 2022 @11:40PM
(#31291973)
I think it just proves that x.99 pricing works. It tripped up the poster who was trying to claim they mentally round up.