The Left Digit Bias: How Our Minds Are Fooled By Numbers #shopping

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India Techno ZIDAN
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The Left Digit Bias: How Our Minds Are Fooled By Numbers


@technoZIDAN

Have you ever wondered why a product priced at ₹499 seems much cheaper than a product priced at ₹ 500, even though the difference is only one Rupee?
The answer lies in a cognitive bias called the left digit bias. In this video, we explore the science behind the left digit bias and its impact on our decision-making processes.
We'll discuss real-life examples of left digit bias, from pricing strategies to numerical estimates, and provide tips on how to avoid falling prey to this bias.
Watch this video to learn how our minds can be fooled by numbers and how to make more accurate judgments and decisions.




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