Shopping Centre

You visit a shopping centre. You are interested to buy a calculator, which is costing $45. Your friend informs you that the same calculator is available at $35, at a shop just 10 minutes drive. Do you go the nearby shop?

In similar incident, you are buying a refrigerator $500. Your friend informs you that same model is available and being sold at $490, 10 minutes drive away. Do you travel to the nearby shop?

Photo Adaptation https://pixabay.com/users/alexanderstein-45237/

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Abhinav

Tue, Aug 2nd 2016 at 2:31 AM

Agree with Twinkar's answer! That would be my answer too.

Twinkar

Tue, Mar 8th 2016 at 1:33 AM

It is a matter of relative comparison In terms of $45 the difference of $10 seems significant enough to drive for 10 more minutes But when one is paying $500, a $10 reduction seems trivial

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