I don’t know whether anyone has thought about it or not but at least I have not read or heard anyone talking about it; this thought has always been doing rounds inside me, and that is, our obsession with full digits. All of us have a tendency to jump to the nearest full digits at the slightest opportunity. But I don’t think anyone has ever estimated the loss do we humans suffer to due to our obsession with full digits.
Following are some examples which come to my mind instantly
Suppose a deal is going to be settled logically at 99.5 lakh, then there is all probability that they will settle it in100 lakhs. Now why on earth should one party bear a loss of 50 thousand?
An investment Guru is giving 10 best stocks to invest in.
Suppose there are only 9 stocks fulfilling the criteria of the investment Guru, but to make it 10, he might have included one stock not worth inclusion. Or may be he might have a total 12 stocks fulfilling his criteria, but he gave us only 10, in that case too, he has deprived us of some information due to obsession with full digits.
My teacher wanted to know how muchtime i would require to solve a problem
I thought 5 mins would be too less and 10 mins would be too much, but still I ended up saying either 5 or 10 mins, though what I wanted to say was “7 mins”. I was deprived of giving correct assessment of time required by me.
One has to start a new project conceived on Friday afternoon, and even with six working days in a week (ie Saturday working), it’s decided to start the job from the coming Monday. Who is now responsible for this time loss?
The reasons for this obsession is psychological for sure, and I don’t want to go into further details of it. Here I have raised a question, the question is not that why are we obsessed with full digits, but, why do we suffer losses for this and why no one has not yet estimated the extent of it.