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The Fallacy of Supply and Demand

From Predictably Irrational: The Hidden Forces That Shape Our Decisions by Dan Ariely

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The Fallacy of Supply and Demand

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Prices are anchored — set by reference points that often have nothing to do with the underlying value… — Predictably Irrational, Ch. 2 · The Fallacy of Supply and Demand Full chapter free at readstacks.com (link in bio). New chapter every week. Save this for your TBR. #booktok #nonfiction #booksummary #predictablyirrational #danariely

READ STACKSCHAPTER02The Fallacy ofSupply and Demandfrom Predictably Irrationalby Dan Ariely
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Hook · chapter title page
I.THE CLAIM“Prices areanchored —set by referencepoints that oftenhave nothing todo with theunderlying value…”from Predictably Irrationalby Dan Ariely
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Quote · the central claim
II.THE IDEAParticipantswhose SSNs endedin highernumbersconsistently bidhigher forthe same items.from Predictably Irrationalby Dan Ariely
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The idea
III.THE MOVEMarkets doclear, but theyclear at pricelevels that arepartly arbitraryhistoricalaccidents.from Predictably Irrationalby Dan Ariely
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The move
READ THE FULL CHAPTERRead Stacksfrom Predictably Irrationalby Dan Arielyreadstacks.com
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CTA · readstacks.com

Reference: the full chapter summary lives at readstacks.com/books/predictably-irrational-dan-ariely/chapter-2-the-fallacy-of-supply-and-demand/

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