Comments on: Price-Placebo Effect

By: Jess

Jess — Fri, 09 Oct 2009 16:30:05 +0000

I would never be able to pay for anything like that, I would feel to guilty I think even if I had the money but I wouldn’t mind trying some if it didn’t cost me ;)

Still, I agree that there is more to life than the price tag

By: Lazy Man

Lazy Man — Fri, 09 Oct 2009 16:25:07 +0000

I read about this guy doing all these things. I found it interesting, but I never got around to posting it.

By: Jess

Jess — Fri, 09 Oct 2009 16:09:59 +0000

Clever dude had an interesting video on his site a couple months ago about the price of happiness. Some guy with apparent connections got to sample some of the most expensive things in the world..kobe beef, some special wine, designer jeans. His thoughts were really interesting.

http://www.cleverdude.com/content/benjamin-wallace-on-the-price-of-happiness/

Personally, I sample everything and compare on my own.I am not going to take the word of some company that their product is or tastes better, because tastes vary! Once I have compared price, value and my own opinion of the quality, I choose whats best for me and stick with it.

By: her every cent counts

her every cent counts — Fri, 09 Oct 2009 05:36:52 +0000

Yes! I value the things I buy that are more expensive more than the things I buy that are cheaper. If I see the same item I want on sale, I want it less usually. Even though it’s all a trick of psychology to get me to spend a lot, I really do feel happy when I save up and buy something expensive and then own it. For instance, I recently spent $600 on a leather jacket. I tried on other jackets that were $200 and $400 and less, but I did not like them as much as the $600 one.

By: Kosmo @ The Casual Observer

Kosmo @ The Casual Observer — Fri, 09 Oct 2009 04:38:36 +0000

Totinos seems to “crisp” better than other pizzas. I like a nice, crispy, thin crust – right on the edge of burnt. Not charcoal, but a few spots of black here and there :) Honestly, I prefer it over most restaurant pizzas as well …

It’s also one of the few brands that doesn’t make my acid reflux go all refluxy, which I guess qualifies it as “healthy” for me.

By: Scott Lovingood

Scott Lovingood — Fri, 09 Oct 2009 03:01:46 +0000

People who study the human mind and how it operates can accomplish a great many things. It takes significant effort to break the price/value connection. There have been a couple of books written that cover some of the basics. Predictably Irrational and The Science of Influence.

They cover different areas but both discuss how the mind’s inherent nature can make us do things that don’t make rational sense.

I guess I should raise the price of my coaching to make it appear more valuable. I know McKinsey charges a boatload for consulting and they keep getting the high profile jobs.

By: Lazy Man

Lazy Man — Fri, 09 Oct 2009 02:45:38 +0000

Go Totinos!!! That’s definitely a cheap product that tastes good. It’s too bad it isn’t healthier for you. I’d be eating them all the time.

By: Kosmo @ The Casual Observer

Kosmo @ The Casual Observer — Fri, 09 Oct 2009 02:43:07 +0000

Agreed, price does not equal value. I enjoy quite a few cheaper products more than their more expensive counterparts. My favorite frozen pizza is Totinos, and I love my Wrangler jeans (in spite of the fact that Favre is in their ads)