How much time bargainers take deciding whether to accept or reject an offer can reveal how much they think an item is worth – a discovery which may help online bargain hunters get the best deal. Researchers have discovered that people purchasing consumer goods, such as bikes, televisions and washing machines may be slow to accept low value goods or items with high prices but would act swiftly when the value is high or the price low. Publishing their findings today in Economic Journal, experts from the University of Birmingham and University of California Los Angeles (UCLA), USA, reveal that savvy buyers or sellers may be able to manipulate their response times (RT) to get a better deal when negotiating their online transactions.

https://www.miragenews.com/deal-time-unveils-insights-into-online-buyers-1057976/

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