People care more about round-number milestones than adjacent numbers due to psychological framing effects
the verdict
SUPPORTED
the evidence backs this
confidence 82/100
Multiple studies demonstrate that people systematically favor round numbers and exhibit behavioral discontinuities at round-number milestones due to psychological framing effects.
Evidence for · 4
CBEval: A framework for evaluating and interpreting cognitive biases in LLMs
2024 · cited by 15
Identifies round number bias and framing effects as well-documented cognitive biases present in decision-making.
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More for · 3
Round-Number Bias in Investment: Evidence from Equity Crowdfunding
2018 · cited by 13
Demonstrates round-number bias in investment decisions where individuals disproportionately favor round numbers due to uncertainty.
Anchoring on Historical Round Number Reference Points: Evidence from Durable Goods Resale Prices
2022 · cited by 8
Shows that people price durable goods using discontinuous psychological reference points at round-number thresholds due to framing effects.
The hidden risk of round numbers and sharp thresholds in clinical practice.
2025 · cited by 0
Highlights how clinical practices rely on round-number thresholds that create cognitive distortions and discontinuities in risk assessment.