Ask Fakespot Chat questions about this productAlpha
Add detailed feedback
Message
Loading suggested questions
Suggested Questions
Suggested Questions
No suggested questions were found
Pros & Cons
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.
Highlights
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
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
Ask Fakespot Chat questions about this productAlpha
Add detailed feedback
Message
Loading suggested questions
Suggested Questions
Suggested Questions
No suggested questions were found