It sounds like you’d be basing your offer on a desire for the psychological assurance that you got a deal because you got it for under list price, rather than making offers based on the specifics of the property itself.

I lost my mind over this because of psychological trauma from having bedbugs in a hotel room when I was in Nepal and I ended up in the hospital, but that's a story for another day haha.

There’s a psychological bias for that I just don’t know the name of it.

Should keep most car's from going over as well as provide a psychological feeling of security as well.I bought 6 of them to build a retaining wall.

I can't explain the psychology.

Here is a quote that I believe sums up investing very well: "Investing is the intersection of economics and psychology.

With tenants, it is more psychology than anything else is what I've found out. 

Got the 4-plex under contract yesterday; got a verbal acceptance from the Seller of the warehouse, and hoping to ink it before the weekend is done.The psychology behind the single offer is "take, leave, or counter." 

Hey BiggerPockets members, My name is Jeanette and I recently graduated from the University of Virginia with a degree in Economics and Psychology and just moved to Dallas.

They may know the area well and have done the most deals, but they also are unlikely to understand the psychology of the OOS investor.