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March 06, 2014 AT 3:16 AM
That was Wharton professor Jeremy Siegel. If you're also waiting for the benchmark S&P 500 index to hit 2,000, you're not alone. In fact, there may even be a scientific reason people are looking at the S&P 500 reaching 2,000. Four years ago, researchers from Booth School of Business and The Wharton School found that people strive to reach round numbers. Devin Pope and Uri Simonsohn examined four million SAT exams to find that students who didn't receive a round number score were more likely to retake the exam than those who did. Baseball players' batting averages were four times more likely to end with a rounded average than with a minute fraction.