Creative Destruction

The fact that people are easily impressed by large numbers has many real-world implications. For instance, while the economic difference between $3 and $5 is identical to the economic difference between $103 and $105 ($2 in both cases), the difference between 3 and 5 feels more important to us than the difference between 103 and 105.

via Sometimes 100 Cents Feels Like It’s Worth More Than A Dollar.

I think the owners of Science Daily need to rename their magazine to “Science” Daily.