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That doesn't mean the product is priced too high. It simply means that the value gained from the product is not perceived by a someone to be higher than the val
by kyro 13y ago
That doesn't mean the product is priced too high. It simply means that the value gained from the product is not perceived by a someone to be higher than the value of the currency amount being requested. That's how we make purchasing decisions. It's about perceived value and the trade-offs we make. Letting consumers set their own prices on products they subjectively perceive to be overpriced would run down prices as it'd be easier and easier to acquire goods, until everything ultimately became free.
What about people who can afford but are unwilling to buy luxury items, like Louis Vuitton bags? Should they be able to set their own price?
- ars 13y ago> Should they be able to set their own price? He's offering it for free (for some users). I was simply suggesting he also allow those users to pick a price and pay him something.
- goldfeld 13y agoFree isn't cheaper than cheap. Framing it as "Scholarship" puts a very intentional spin that it's meant to support (or even invest in) people who need it most. Letting people set their prices would just decrease the service's perceived value (the Humble Bundles can allegedly have value way over their average payments, but I can't really see beyond around five dollars.)