No one is saying that people prefer to buy the more expensive IPO. My point was that some people are under the impression that the price is the higher price and they are still willing to buy even at the higher price. This demonstrates market support for the higher price (Compared to not buying at all, not compared to a lower price)...
You seem to be intentionally missing the point. These finance enthusiasts, presented with the option of buying @ ฿0.0425 and ฿0.041, chose the more expensive option. Even after Havelock added some helpful financial tips ...in gigantic red type:
It is safe to assume that those who chose to pay more did so due to error, a mental deficiency, as a prank, or as an affront to what us mundanes call "common sense."
Interpreting such as market's support of higher prices is ridiculous.