Price Range is puzzling ??
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Re: Price Range is puzzling ?? (by Patrick P.):
ken1193. I believe your point is "exactly what I discussed". Behaviorial Finance covers this topic in extreme and enlightening detail. My post gave specific anchoring examples. Now anchoring is not the only mind game that can affect pricing; you could also say that the pain of loss associated with self reflection on what one spent on a time share is just as strong a motivator. Regardless, I said what you claim no one said, just go back and read it. For the original poster, I'd go get a book on Behaviorial Finance and learn why we people are wired for lunacy. Knowledge here is ultimate power.
It's all in our head. That's what I said... :-)