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[–] bigrex99 0 points 2 points (+2|-0) ago  (edited ago)

It's a very common marketing ploy.

House listed at $199,000 vs $200,000 - that $1000 difference is minor in the financial sense, but numbers starting one digit lower are bought at a rate much higher than jumping up to that next starting digit.

Everything on tv is advertised at $19.99 - because saying $20 would cut sales by a substantial amount.

People are morons, but that is the psychology of pricing.
I listed my first house at exactly $80,000 and the realtor spoke with me many times to lower the price to $79,900 "to attract more buyers".

[–] La_Chalupacabra 0 points 1 point (+1|-0) ago 

Yes, it's a very real phenomenon.
Perhaps you're already aware, but there was an experiment where they had participant "beggars" panhandle strangers for either 'clean' whole integer amounts (say, $1.00 or $.50) versus odd amounts (for example, $0.67), and the response overwhelmingly favored the latter.

[–] beefartist ago 

That's news to me and counter intuitive. I don't understand how "Can I get a buck?" doesn't work better than "Do you have 67 cents, friend?"...not that I would ever give money to street beggars

[–] beefartist ago 

Prevalent before search engines and online filters but probably exacerbated by them.