Posts Tagged ‘left digit bias’

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    A Surprising Car Fact

    Oct 1, 11 • 227 Views • Behavioral Economics, Businesses, Demand, Supply, and Markets, Labor, Thinking EconomicallyNo Comments

    2 car price facts: A car whose mileage is 79,900 will cost approximately $10 less than one with 79,800. A car whose mileage is 80,000 will cost approximately $210 less than one with 79,900. For both, the rise was 100 miles. But the drop in price at wholesale