Clueless Quote by William Poundstone

“People tend to be clueless about prices. Contrary to economic theory, we don't really decide between A and B by consulting our invisible price tags and purchasing the one that yields the higher utility, he says. We make do with guesstimates and a vague recollection of what things are “supposed to…” quote by William Poundstone — Download Open image

“People tend to be clueless about prices. Contrary to economic theory, we don't really decide between A and B by consulting our invisible price tags and purchasing the one that yields the higher utility, he says. We make do with guesstimates and a vague recollection of what things are “supposed to cost.””

William Poundstone

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Clueless Consulting Contrary Cost Economic Economic theory Economics Higher Invisible People Price tag Purchasing Recollection Tag Theory Utility Vague Yield

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