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The price advice people most hate

What's one of the biggest findings from behavioural science that people resist?

That terrifies them the most?

Sequencing prices from high to low.

It's much more common to see menus and websites listing goods from low to high.

Well, that's a problem because you're wasting every sale.

Researchers Suk, Lee and Lichtenstein, for example, found way back in 2011 that listing the most expensive beer first increased the average paid by 4% compared to listing in descending order.

So I know it might feel uncomfortable to apply the science, that's your best path to low or no cost business results.

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Image from https://pixabay.com/photos/glass-wine-list-wine-drinks-menu-673984/

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