totoro;683792 Wrote: > Until recently, I had never heard the name "Veblen Good". To quote that > all-seeing oracle of everything, wikipedia: > > In economics, Veblen goods are a group of commodities for which > people's preference for buying them increases as their price increases, > as greater price confers greater status, instead of decreasing according > to the law of demand. A Veblen good is often also a positional good. The > Veblen effect is named after economist Thorstein Veblen, who first > pointed out the concepts of conspicuous consumption and > status-seeking. > > I think this explains quite a bit of this stuff. As to why anyone would > think they got status from buying/displaying a $500 usb cable, I > couldn't say. I would think that it would mark one as a credulous fool, > but then who am I to judge :)
And the law of diminishing returns which would only apply to certain aspects of audiophilia. One could argue that a $2k spkr system would likely yield a better sound than a $400 system. However going from a $5 cable or speaker wire to a $100 cable/wire might yield less improvement or none at all. -- dasmueller ------------------------------------------------------------------------ dasmueller's Profile: http://forums.slimdevices.com/member.php?userid=38035 View this thread: http://forums.slimdevices.com/showthread.php?t=92918 _______________________________________________ audiophiles mailing list audiophiles@lists.slimdevices.com http://lists.slimdevices.com/mailman/listinfo/audiophiles
