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Pros & Cons

The AI used to provide these results are constantly improving. These results might change.

Pros

It is widely practiced. This is unashamedly the purpose of this book. If you don't know or are curious about what the ultimatum game is, including it's many variations, this is the book to read.

Book is one of those few game-changer books that you come across maybe 4 times in a lifetime. Careful measurements by colorful character gradually overturns entrenched orthodoxy.

Many of us think we are pretty savvy; we compare prices, shop the sales, really believe things are discounted. We call placing the first price on the table anchoring, because it pulls the final result toward itself. The insights and discoveries in pri...  Read More

William poundstone draws from research in psychophysics (the study of sensory perceptions) and behavioral economics to explore the subject of pricing. Poundstone traces the relevant psychology research from its start in 1940s and 1950s.



Cons

A better choice is cheap, which dynamically show the history, methods and movement in determing prices.

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Highlights

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Quality


Overall quite an amazing book although eventually a bit technical and boring for those that are really not in love with the theme


Ive kept it going and have impressed all my distributors and customers with the excellent upgrades and changes i have made to our products


I would highly recommend to anyone whos already familiar with the primary sources that are referenced throughout the book


My hope is that the author and publisher didnt waste the delicious opportunity to play some price games with the book itself

Price


Getabstract recommends poundstones smart facts research and insights to every consumer or business manager who wants the best d...  Read More


Because only a minority does the research to understand what the minimum price is that a dealer will accept


You buy stuff for selling it later at higher price you have to find someone dumber than you are according to this book market p...  Read More

Shipping


No problems with the seller item nor shipping


The pace of the book is fast moving from one topic area to another

Packaging/appearance


Then i also printed it out with the list of things done in the remodel done before my husbands death which the crappy appraiser...  Read More

Competitiveness


I use its insights in negotiating pricing with customers in my principal business


In a negotiation the first person to put a price on the table tends to push the final price agreed to closer to his price


Author does a good job of revealing many of the tricks that marketers use to set prices


Some of the ideas presented in the book can be practically applied when a businessperson and a client negotiate a price

Overview

  • How are reviewers describing this item?
    many, most, great and good.
  • Our engine has profiled the reviewer patterns and has determined that there is minimal deception involved.
  • Our engine has determined that the review content quality is high and informative.
  • Our engine has discovered that over 90% high quality reviews are present.
  • This product had a total of 297 reviews as of our last analysis date on Sep 15 2022.

Helpful InsightsBETA

The AI used to provide these results are constantly improving. These results might change.

    Posted by a reviewer on Amazon

    No problems with the seller item nor shipping


    Posted by a reviewer on Amazon

    The subject of prices is a tricky one


    Posted by a reviewer on Amazon

    You will be surprised of how biased and irrational are our perception of fair price and why we do what we do


    Posted by a reviewer on Amazon

    But most books on the subject fail to go past the tagging of these phenomenon and mocking at our own irrationality


    Posted by a reviewer on Amazon

    They spend inordinate time going after the classical theories


    Posted by a reviewer on Amazon

    To be sure the wellwritten book has the usual things one gets in other books the namedropping jargonizing experiments that reveal the counterintuitive aspects of our behaviour etc


    Posted by a reviewer on Amazon

    Poundstone tosses that mostly in the trash


    Posted by a reviewer on Amazon

    This book makes you doubt your decisions realizing common human flaws and the people make a living benefitting from these flaws

Review Count History
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Please note: The content is generated by an AI language model based on reviews. We are constantly improving the accuracy, however, its outputs may contain errors or offensive content from certain reviews. Please report any errors or offensive content to us. Also, please note that we will not collect your questions unless you click the thumbs up/down button to provide feedback. The answers displayed will be stored by us so if another Fakespotter asks a similar question we can provide them an answer faster. Your feedback will only help us make Fakespot Chat better! By using Fakespot Chat, you agree to Fakespot's terms of use and privacy notice.