The Fallacy Of Supply And Demand - How Market Prices Arbitrarily Anchor Our Perceptions Of Value
Publishing Cambridge Review
Publisher: Cambridge Review Publishing
Summary
THE FALLACY OF SUPPLY AND DEMAND HOW MARKET PRICES ARBITRARILY ANCHOR OUR PERCEPTIONS OF VALUE (PSYCHOLOGY & BEHAVIOR) WRITTEN BY: CAMBRIDGE REVIEW PUBLISHING ABOUT THIS BOOK This book has been crafted by integrating the insights and expertise of numerous renowned international specialists in the field. Rather than relying on a single or average source, it draws from a rich combination of premium, authoritative perspectives, ensuring that readers gain access to the highest quality knowledge available. CONTENT: The Illusion Of Control: Why We Think We're Rational The Arbitrary Nature Of Value: Lessons From The Pearl King The Imprinting Effect: How Our First Encounters Set The Stage The Coherence Of The Arbitrary: The Social Security Number Experiment Beyond The Sticker Price: When Tags Become Anchors The Long Shadow Of The First Decision: Housing And Annoying Sounds Herding And Self-Herding: The Influence Of Others And Our Past Selves Rewriting The Rules: The Starbucks Approach To New Anchors The Tom Sawyer Effect: Redefining Work And Pleasure The Flawed Pillars: Supply And Demand In A World Of Irrationality The Memory Trap: Price Sensitivity, Preferences, And Past Payments When Free Markets Fall Short: Rethinking Trade And Utility Maximization The Call For Intervention: Policy In An Imperfect Marketplace Personal Finances And The Power Of Questioning Our Habits Discovering Free Lunches: Leveraging Irrationality For Better Outcomes
