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Wait... Why Do We Do That?

Wait... Why Do We Do That?

Why Do Prices End in .99?

· 19 min · Season 1 Episode 8

Show notes

Why does something cost $19.99 instead of $20? It's one cent. We all know it's basically twenty dollars. The retailer knows we know it's basically twenty dollars. We know they know we know. And yet... $19.99 survives. In this episode of Wait... Why Do We Do That?, we investigate one of retail's most persistent little tricks: charm pricing. We'll discover why our brains can treat $2.99 differently from $3.00, how the first digit of a price can influence the way we perceive it, and why that see...

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