Business & Growth

Price Anchoring

Price anchoring is showing a higher number first so that every price after it feels smaller by comparison. People judge prices against whatever they saw most recently, not against some absolute sense of value. It works even when nobody actually buys the expensive option.

This entry has not yet received a source-reviewed lesson update.

Member lesson

The definition and sources are public. The complete practical lesson is for members.

Compare membership plans ยท Already a member? Sign in

Explore all dictionary definitions