Book Titles

Priceless
The Myth of Fair Value (and How to Take Advantage of It)

By William Poundstone

Year Published: 2010
ISBN-13: 978-0809094691
Categories: Buying, Pricing, Selling

38 Quotes Found

Quote Image Quote Page Number

Priceless:

What people want, and how much they’re willing to pay, depends on the granular details of how you phrase the question.

076

Priceless:

Paradoxically, it is unconscious processes that choose which stimuli to pass on to full consciousness.

093

Priceless:

Prior exposure to something (priming) lowers the threshold of attention, so that that something is more likely to be noticed.

093

Priceless:

Despite their numerical nature, price decisions usually have a strong intuitive component.

094

Priceless:

A person who is risk-adverse in one situation will turn reckless in another. All it takes is a changed reference point.

101

Priceless:

The crux of negotiation is how to deal with tough bargainers making lopsided demands.

115

Priceless:

Sometimes, just by pretending to be a better person than you are, you end up being that better person, for all intents and purposes.

119

Priceless:

…the unspoken truth is, all we know are relative valuations. We are ratio wise and price foolish.

139

Priceless:

Customers who use loyalty cards are a self-selected group of cheapskates.

149

Priceless:

There is usually a correlation, however loose, between price and quality.

153