Yeah, that is a good point. Gas is probably the one people notice the most. I do pay attention when it is lower because I have a truck with a 37 gallon tank so the swings I get from filling it up can be pretty big depending on the price. I think we see a lot of unit bias in gas prices too. Right now it is that $3 mark. Then I think about how that $.20 difference really only amounts to a couple dollars. Again, that is probably my first world mind thinking a few dollars isn't much.
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True. There is the bias in that also.
We see it in all areas of technology. People only notice the increase instead of how things went down.
Do you think most people really pay attention to the fact they were dropping $15 per CD for music 25 years ago and now it is essentially free?
That is just an example of how things change.
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