Value is subjective - Deepstash

Value is subjective

People don’t judge prices in absolute terms but relative to their context. This book goes on to explain the many ways that our perceptions of value are not fixed.

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claudiu_florea

A sparkling curious mind

William Poundstone offers many examples of how our perceptions of prices vary depending on cues, context and contrast.

The idea is part of this collection:

Behavioral Economics, Explained

Learn more about books with this collection

How to make rational decisions

The role of biases in decision-making

The impact of social norms on decision-making

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