Latest / Behavioral Economics with Fexingo: Decision Making, Bias, and How People Really Spend
Why Your Brain Treats a Used Car as a Better Deal
Why does a slightly scuffed Toyota feel like a bargain while a pristine one feels overpriced? In this episode of Behavioral Economics with Fexingo, Lucas and Luna explore the 'used car effect' — a quirk of mental accounting that makes previously owned goods seem more valuable, not less. They break down the psychology behind the 'ownership premium', why the first owner's loss is the second owner's gain, and how this bias shapes everything from secondhand markets to corporate mergers. Using the 2026 pre-owned auto market as their backdrop, they reveal why a car…
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