RE: RE: A Financial/Economic Phenomenon While Spending On Miscellaneous Items; Something Applicable In Nigerian Consumer
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RE: A Financial/Economic Phenomenon While Spending On Miscellaneous Items; Something Applicable In Nigerian Consumer

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7y

Weird, but true economic theories here! This could be why " all things being equal precedes " every statement of fact in economics.

But the propensity to spend a fraction and keep the wholeis not a Nigerian phenomenon. It is global. This account for weird fractional price tags of $99, ¥999, €0.99 etc ; all heard to exploit the psychology of higher propensity to spend a fraction instead of a whole!!

@whyaskwhy: Weird, but true | Ecency