4 ms·
Is there a name for this? I notice myself have the same thought process often ("what's the catch?"). It seems to be some psychological force that complicates si
by notfed 3y ago
Is there a name for this? I notice myself have the same thought process often ("what's the catch?"). It seems to be some psychological force that complicates simple supply and demand economics.
- isaacfrond 3y agoIt's called the price-quality effect: https://en.wikipedia.org/wiki/Pricing_strategies#:~:text=Price%2Dquality%20effect%20%E2%80%93%20buyers%20are,with%20minimal%20cues%20for%20quality https://en.wikipedia.org/wiki/Pricing_strategies#:~:text=Pri....