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36. The Psychology of Pricing

Shit You Don't Learn in School

CHAPTER

Status Drives Our Purchasing Decisions

status does impact how we purchase things. You could actually get a rip off luiviton handbag, which looks the exact same. But these people who are looking for status aren't going to buy the rip off. And one of the adjustments you have to make is your reference points often hold you back. They hold you back from buying something that may save you time and bring more joy to your life.

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