Discounting is Ground Zero for hypocrisy in pricing. Everyone decries it, yet everyone, (actually, 65%), does it. It reminds me of dieting: "I know I shouldn't, but this one little brownie won't hurt." Couched this way, the problem of discounting sounds like one of willpower, but I don't believe discounting is a moral problem. Instead, it is one of bad thinking that centers around two false beliefs. Read More