A recent study showed that used car dealers profit from mileage readings just under round-number thresholds. The researchers analyzed millions of transactions to determine pricing impacts of left-digit bias. Buyers often overlook minor differences in mileage, focusing instead on the first digit. This inattention allows dealers to charge more for cars that appear to be better value. A recent study showed that used car dealers profit from mileage readings just under round-number thresholds. The researchers analyzed millions of transactions to determine pricing impacts of left-digit bias. Buyers often overlook minor differences in mileage, focusing instead on the first digit. This inattention allows dealers to charge more for cars that appear to be better value.
Trending
- Free High-Tech Halloween Show: Long Beach couple sync 28-computer display; families flock for community magic
- Ladakh government reaches out to protesters demanding liquor ban
- Colin Farrell’s foundation selects 16 charities for grants up to $50,000
- ‘Gonna hijack this planẹ…crash ur row only’: Text for which Newark-bound United Airlines plane returned to Las Vegas revealed
- Non-Hindus barred from agamic temples: Madras HC tightens entry rules; cites breaches
- Irish farmer builds solar farm on 1.5 acres, powers 150 homes while sheep graze beneath panels
- California vineyard with 14,500sq ft Italian villa sells for $11.04m
- Aviation ministry suspends operations at three Andhra airports as Cyclone Arnab intensifies