How Precise Numbers Help Us Secure the Best Price

Mukundarajan V N
The Daily Cuppa
Published in
May 12, 2022

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Photo by Mitchell Luo on Unsplash

Contradictions and deceptions influence how our brains perceive numbers.

Researchers Matti Keloharju and Petri Hukkanen say quoting a precise number will help us get the best bargain.

A bid of $9800 for a car looks more authentic than a quote of $10,000. An offer price of $1.03 million for a company appears more realistic than $1 million.

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Mukundarajan V N
The Daily Cuppa

Retired banker living in India. Avid reader. I write to learn, inform and inspire. Believe in ethical living and sustainable development. vnmukund@gmail.com