Avg. U.S. Rent$1,847/mo/Gallon of Milk$3.85/Gallon of Gas$3.21/Public Tuition$11,610/yr/Credit Card APR21.5%/10-Yr Treasury4.27%/Federal Min. Wage$7.25/hr/Loaf of Bread$1.97/Avg. U.S. Rent$1,847/mo/Gallon of Milk$3.85/Gallon of Gas$3.21/Public Tuition$11,610/yr/Credit Card APR21.5%/10-Yr Treasury4.27%/Federal Min. Wage$7.25/hr/Loaf of Bread$1.97/
EconForward
Behavioral Economics

Why Do Restaurants Put Expensive Items on the Menu That Almost Nobody Orders?

That $80 steak nobody orders may still be doing work. Anchoring and reference points change how the rest of the menu feels, though not every pricey item is a decoy.

Behavioral Economics · Drafting in progress

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Drafting in progress · check back soon

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