> the world is full of people who feel very different paying $100.00 vs $99.99
Agree, though that effect is not constrained to Bitcoin. Retail orders, for instance, follow Benford's law. This is despite well-documented psychological biases towards e.g. certain digits, whole numbers, round numbers, et cetera [1]. Benford's law [2] derives from deeper mechanics.
As you point out, however, a better control would have been not all prices in public stocks, but retail orders.
Agree, though that effect is not constrained to Bitcoin. Retail orders, for instance, follow Benford's law. This is despite well-documented psychological biases towards e.g. certain digits, whole numbers, round numbers, et cetera [1]. Benford's law [2] derives from deeper mechanics.
As you point out, however, a better control would have been not all prices in public stocks, but retail orders.
[1] https://mro.massey.ac.nz/bitstream/handle/10179/2695/02_whol...
[2] https://en.wikipedia.org/wiki/Benford's_law#Krieger–Kafri_en...