Which psychological pricing phenomenon did researchers Tversky and Kahneman demonstrate through their famous 'asymmetric price elasticity' experiments?

Pricing strategy isn't just about numbers—it's a psychological game retailers play with consumers. From charm pricing to prestige pricing, retailers use various techniques to influence purchasing decisions. This poll tests your knowledge about one of the most influential psychological pricing experiments that changed how retailers approach their pricing strategies. Do you understand the science behind why products are priced the way they are?

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Loss aversion (consumers are more sensitive to price increases than equivalent discounts)
Charm pricing (prices ending in .99 create perception of significantly better value)
Bundle illusion (bundled products seem less expensive than individually purchased items)
Center-stage effect (middle-priced options are selected more frequently)