
Interview: William Poundstone, author of Priceless, on anchoring, fairness, and the myth of “fair value”
Behavioral Science For Brands: Leveraging behavioral science in brand marketing.
00:00
Coherent Arbitrariness: Why We Misjudge Prices
William describes studies showing people agree on relative value but disagree on absolute prices, introducing coherent arbitrariness.
Transcript
Play full episode