- May 28, 2021
- October 7, 2022
Economic Psychology: Do You Know Why Expensive Goods Look Expensive?
Are we just tricked by price tags? Why do expensive goods look expensive, and vice versa in most cases? Do high price tags or brand names just hypnotize us into believing so? As writing here sometimes, I’m not interested in buying and owning material things but in investment somehow. My main battlefield is the stock market, but once I researched “watch investment.” At that time, I was so surprised at the price of super expensive watches. Such as Patek Philippe, Richard Mille, etc. Most of them are more than several million dollars. Of course, I immediately understood I was out of place, though. Today, I didn’t mean to raise the question whether the price of such super luxury things is appropriate or not. My interest developed at that time was discovering the factors that make things look the part. Necessity for a lot of time and effort to produce Even […]