Victim for the psychological biases that consumers fall into

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Reference no: EM132111333

1) Describe situations where you have fallen a victim for the psychological biases that consumers fall into. Describe the situations for all the biases you have suffered from.

2) Describe situations where you have experienced price discrimination (e.g., children pay less for a movie ticket than an adult; publishers charge different prices for paperback and hardbound editions). Debate the necessity and validity of such pricing practices.

Reference no: EM132111333

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