Fay Wu

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For example, people generally don’t like to buy the most expensive item in a category, hence retailers can improve their sales by stocking a few very expensive items that no one actually buys (“Oh my God, the 1982 Château Haut-Brion Pessac-Léognan sells for five hundred dollars a bottle!”) but that make less expensive items seem like a bargain by comparison (“I’ll just stick with the sixty-dollar zinfandel”).25 Unscrupulous real estate agents bring buyers to dilapidated dumps that are conveniently located between a massage parlor and a crack house before bringing them to the ordinary homes ...more
Stumbling on Happiness
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