Do you like round numbers?
I have a disproportionate fascination with e, pi, etc but I have noticed that markets have an attraction to round numbers.
Profitably so.
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I think perceived price probably has a stronger marketing power than round numbers, because most consumers would still pick a product that costs $9.99 over one that costs $10. At least that's what many research papers seem to claim.
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Of course you're right on retail markets. Discount grocery chains in particular are quite sophisticated in the psychology of pricing because their margins on most items are so thin.
I was referring to the financial markets and how they often hit round numbers, even if they retract from them after the fact.
One amusing thing there is that if we used a different number base then different numbers would be 'round' numbers to us. Consider aliens with 8 fingers. They would probably use base 8 and have different price preferences for goods of equal objective utility. Of course, such phenomenon have effects with things that are not as easily quantified as well.
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Are you Mister Numbers, Yirg? :p
Congratulations. I also like 0 and 1. ^^
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I'm a little bit late for your cakeday so eh have a nice day! Bump
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Time to shut up for a couple of days :-)
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Yay, thank you for all of the giveaways! And, a belated happy cakeday!
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I like round... butts? uh, round numbers are fine too. silly bump
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Didn't enter, just bumping because it said to do so instead of saying thanks on your GA of Dungeon Hearts :p
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I do, very much so. And today I'm especially happy, because my profile had just hit the following:
6000 comments
600 Gifts Sent
600 Whitelists
110 Blacklists
50 Gifts Won
30 Trade Feedback
Now I need to retire... for a couple of days, until my cakeday on Monday.
Update: Done and over, though all GAs are still active...
2010.GA
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