It's called a Vleben good. It's worth more to people because you charge more for it. The same reason why Leica can command a price premium.
http://en.wikipedia.org/wiki/Veblen_good On Wed, Jan 15, 2014 at 6:12 PM, Ann Sanfedele <ann...@nyc.rr.com> wrote: > > > On 1/15/2014 12:58, Bill wrote: >> >> On 15/01/2014 10:54 AM, Attila Boros wrote: >>> >>> > >> >> The Psychology of Price. >> ...... > > >> It's a well known fact that you can do a blind test where you pour two >> glasses of wine from the same bottle, tell a consumer that one glass is >> from a 10 dollar bottle and the other is from a hundred dollar bottle >> and the person will derive more enjoyment from the glass they think has >> the more expensive wine inside. >> > >> bill > > > Bill - that's not actually a BLIND taste test... there _is_ a > market-research term for it I'm forgetting now from my long ago years of > work tabulating opinion surveys. > > Oddly, just before reading this post, the item on the nightly news was > of an actual blind taste test about chocolate... in this case (which isn't > usually the way it is done) people were asked which chocolate > piece (of same size and shape) tasted better - The expensive chocolate > or the Nestl'es, Hersheys, or whatever) the interviewer had put the > pieces on different colored napkins and the results were that 50% of the > respondents liked the cheaper chocolate better, from what the news story > said. No opportunity to examine their methods, but it is the > response to people who only think "you get what you pay for" in > terms of product quality... > > ann > > > > > -- > PDML Pentax-Discuss Mail List > PDML@pdml.net > http://pdml.net/mailman/listinfo/pdml_pdml.net > to UNSUBSCRIBE from the PDML, please visit the link directly above and > follow the directions. -- David Parsons Photography http://www.davidparsonsphoto.com Aloha Photographer Photoblog http://alohaphotog.blogspot.com/ -- PDML Pentax-Discuss Mail List PDML@pdml.net http://pdml.net/mailman/listinfo/pdml_pdml.net to UNSUBSCRIBE from the PDML, please visit the link directly above and follow the directions.
