Quote:
Originally Posted by Peter_Spaeth
And your evidence for this is?? Your say-so? And if you are accusing auction houses of attempted deception, why don't you name the ones you think are guilty?
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Seriously? Well, okay. Here's some basic research and empirical data on the topic:
"Morwitz et al. (1988) found that auction bidders agreed to pay more in total cost in an auction when a 15 percent buyer's premium was charged separately than in one in which there was no buyer's premium. The anchoring effect observed in partitioned pricing has subsequently been replicated and extended in several studies (e.g., Bertini and Wathiey, 2008; Chakravarti et al., 2002)" For complete citations, click here:
https://books.google.com/books?id=22...horing&f=false