"In a country that’s officially a penny short", pure poetry
I wonder if the left-digit bias effect is greater when it also bumps the price up to the next order of magnitude, i.e., $9.99 to $10.00 vs $2.99 to $3.00. I also wonder if people who work with numbers all day have the same propensity for it as the general populace, or if it's been trained out of them to some degree.
Lots of finger pointing as to which part of our monetary system is "to blame" for the penny going away, but few seem to be blaming the devaluation of our currency via rampant, unchecked inflation. Hmmm
I've always found left-digit pricing funny when you look at really big purchases. It's truly funny how homes priced around half a million dollars are listed for $499,995.
"In a country that’s officially a penny short", pure poetry
I wonder if the left-digit bias effect is greater when it also bumps the price up to the next order of magnitude, i.e., $9.99 to $10.00 vs $2.99 to $3.00. I also wonder if people who work with numbers all day have the same propensity for it as the general populace, or if it's been trained out of them to some degree.
Lots of finger pointing as to which part of our monetary system is "to blame" for the penny going away, but few seem to be blaming the devaluation of our currency via rampant, unchecked inflation. Hmmm
I've always found left-digit pricing funny when you look at really big purchases. It's truly funny how homes priced around half a million dollars are listed for $499,995.
My company is moving to penny rounding also. We just set up the accounts
How are y'all bracing for the angry customers?
Yes 😆