The Starting Price That Can Steer Your Spending
One Number Can Set The Comparison: Imagine finding a carry-on suitcase advertised as reduced from $180 to $90. Before checking its size, wheels, or construction, you may already feel that $90 represents good value. The higher number has supplied a starting point. That influence is called anchoring. A previously considered number can pull a later estimate toward it. The number does not have to provide reliable evidence of what the item is worth to affect your judgment.