Behavioral Science For Brands: Leveraging behavioral science in brand marketing. cover image

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.

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Coherent Arbitrariness: Why We Misjudge Prices

William describes studies showing people agree on relative value but disagree on absolute prices, introducing coherent arbitrariness.

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