Exact matches only
Search in title
Search in content
Search in comments
Search in excerpt
Search in posts
Search in pages
Search in groups
Search in users
Search in forums
Filter by Custom Post Type
Filter by Categories
Activities
Alternative Jobs
Back up your life
Banking
Beauty
Car
Clothing etc
Computer
Don't be a dick
Family
Flights
Food & Drink
Fun Methods
Gaming
General Saving / Must Read Posts
Home
Improve yourself
Insurance
Invest
Long term cash
Mobile Phones
News
Product Recalls
Products we recommend
Profit
Quick Cash
Refunds
Save
Scams
Spend less
Students
Technology
Things that impress us
Trains
Travel
Tricks companies play
TV
Uncategorized

More 10ways posts:

Featured Videos:

Legendary Deals:

beer-deal

More 10ways posts:

Price Anchoring and why you should learn about it

Price Anchoring and why you should learn about it

You know that very expensive bottle on the wine list at a restaurant that you’ll probably never buy?

It’s there for a reason. Once you’ve seen the stupidly expensive item the rest of the menu will appear to be good value in comparison.

Then when you effectively get ripped off for the cheaper bottle it won’t seem as outrageous.

The same happens with food menus, car prices, electrical items, anytime you see the RRP listed, magazine/website subscriptions etc etc

This image/article (talking about subscribers to The Economist Newspaper) proves how important this can be in day to day life, for those interested in learning more about price anchoring check out http://10ws.co/1wvvlI3 & of course http://10ws.co/1uinnFg

1609763_762459373791623_1550417038776515590_n

Hope a few of you have found this useful / thought provoking.

2 comments

More 10ways.com posts:

Leave a Reply

2 Comments on "Price Anchoring and why you should learn about it"

avatar

Sort by:   newest | oldest | most voted
trackback

[…] How to tie a knot | Start your own website | Price Anchoring | Freelance your other hobbies | Tons of online courses | […]

trackback

[…] Remember most likely you will buy the ‘middle bottle’ on a wine menu, due to price anchoring […]

wpDiscuz