THE FALLACY OF SUPPLY AND DEMAND

HOW MARKET PRICES ARBITRARILY ANCHOR OUR PERCEPTIONS OF VALUE

(PSYCHOLOGY & BEHAVIOR)

WRITTEN BY: CAMBRIDGE REVIEW PUBLISHING

ABOUT THIS BOOK

This book has been crafted by integrating the insights and expertise of numerous renowned international specialists in the field. Rather than relying on a single or average source, it draws from a rich combination of premium, authoritative perspectives, ensuring that readers gain access to the highest quality knowledge available.

CONTENT:

The Illusion Of Control: Why We Think We're Rational

The Arbitrary Nature Of Value: Lessons From The Pearl King

The Imprinting Effect: How Our First Encounters Set The Stage

The Coherence Of The Arbitrary: The Social Security Number Experiment

Beyond The Sticker Price: When Tags Become Anchors

The Long Shadow Of The First Decision: Housing And Annoying Sounds

Herding And Self-Herding: The Influence Of Others And Our Past Selves

Rewriting The Rules: The Starbucks Approach To New Anchors

The Tom Sawyer Effect: Redefining Work And Pleasure

The Flawed Pillars: Supply And Demand In A World Of Irrationality

The Memory Trap: Price Sensitivity, Preferences, And Past Payments

When Free Markets Fall Short: Rethinking Trade And Utility Maximization

The Call For Intervention: Policy In An Imperfect Marketplace

Personal Finances And The Power Of Questioning Our Habits

Discovering Free Lunches: Leveraging Irrationality For Better Outcomes