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HTTP 418: I'm a teapot

The server identifies as a teapot now and is on a tea break, brb

HTTP 418: I'm a teapot

The server identifies as a teapot now and is on a tea break, brb

Behavioral economics Memes

Posts tagged with Behavioral economics

The Psychological Pricing Illusion

Psychology Science
8 months ago 11.6K views 0 shares
The Psychological Pricing Illusion
Your brain on psychological pricing! That moment when $100 feels like highway robbery, but $99.95 feels like a bargain. It's literally a 5-cent difference, but our brains process these numbers completely differently. The left prefrontal cortex (responsible for analytical thinking) gets overridden by the emotional limbic system that sees the first digit change from 1 to 9 and goes "WHAT A DEAL!" Retailers have exploited this cognitive bias since the 1880s, and despite knowing better, we still fall for it. Next time you're shopping, remember you're basically in a neurological chess match with marketing departments.

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