Abstract
Most cultures assign additional meanings to numbers, beyond their prevalent (arithmetic) denotation. Such connotations might extend to other settings too, such as price perceptions. Therefore, this study summarizes the (positive and negative) characteristics associated with certain numbers by traditions, religious faith, and cultural heritage. The empirical investigation focuses on restaurant prices in three cultural settings (Chinese, Indian, and Islamic), facilitated by the increasing proportions of multicultural populations and numbers of ethnic restaurants. Consistent with predictions, the number 8 for Chinese, number 7 for Islamic, and numbers 5 and 9 for Indian products are more common in the cross-cultural comparison.
Original language | English |
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Pages (from-to) | 58-72 |
Number of pages | 15 |
Journal | Global Economic Review |
Volume | 43 |
Issue number | 1 |
Early online date | 5 Mar 2014 |
DOIs | |
Publication status | Published - 2014 |
Austrian Fields of Science 2012
- 502020 Market research
- 5020 Economics
Keywords
- IB
- BWL
- number symbolism
- numerology
- cross-cultural analysis
- online prices
- Psychological pricing