Tag: Shopping
Lessons in price discovery
Monty Python on the art of haggling Thanks to the folks at the Nudge blog for the pointer.
What would you pay Travis Broyles?
For $1,000, he’s offered to build a full-size cardboard car and make “vroom-vroom” sounds while the owner drives it. For $100,000, he’ll yell your name every time he wakes up for the rest of his life. He will “tell your … Continue reading
What people will do for $5
Would you pay $5 for someone to call your friend and sing any Disney song? How about $5 for a vector Apple iPod style silhouette of yourself? A full list is here. Thanks to Tim Harford for the pointer.
The price of romance
According to the Wall Street Journal, it is stable.
The Value of Christmas Presents
Christmas is fast approaching. So it’s probably a good time to remind all of you that buying presents for your friends and family imposes a drag on the economy. If you really want to do good give cash instead. This … Continue reading
What’s the most popular cheap Chinese knockoff?
Shoes, according to counterfeit seizure statistics from American customs. But maybe this just means it’s easier to detect counterfeit Nike’s than, say, fake Hublots. Customs and Border Protection says 79% of counterfeit goods seized at the border came from China … Continue reading
The Price of Color
Of course packaging is designed to urge us to buy. For Sale signs are not written in shocking imperious red by chance. The color is meant to communicate BUY! NOW! Color, in fact, has very nuanced effects on purchasers’ habits. … Continue reading
The Price of Having Kids
Despite the enormous strides taken toward gender equality in the last century, having children can still be very expensive for moms. I’m not talking about the cost of raising and educating a kid. The biggest cost is that experienced in … Continue reading



