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Luxury is expensive but not necessarily incomprehensibly expensive!
The price of a 5000 € watch can be explained by the Veblen effect, which can be explained in the video above.
But this consumption is perhaps not without effect, in the streets or behind a hashtag, it is a signal that changes our behavior.
► Discord: goo.gl/Njwd6j ► Utip: goo.gl/v6LhmX
🐦Twitter: goo.gl/dC8xbz 🐦Twitter of the Real: goo.gl/XYY2bK
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► Our KZfaq MONEY (income statement):
goo.gl/2iqQEG
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► KZfaq Sub: goo.gl/XJWAtC
► Tipeee: goo.gl/2EozLT
► Twitch: goo.gl/GcY9zS
► Facebook: goo.gl/Q27CO7
► Instagram: goo.gl/i3NuK7
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To go further and images:
The Wikipedia article that goes well.
fr.wikipedia.org/wiki/Thorste...
The Theory of the Leisure Class
moglen.law.columbia.edu/LCS/th...
Inequality and visibility of wealth in experimental social networks
www.nature.com/articles/natur...
The Lure of Luxury
bostonreview.net/forum/paul-bl...
"I consume so I am" documentary Arte / thema
Why we are willing to pay for mega expensive things
theconversation.com/why-we-ar...
Habit, decision making, and rationality: comparing
Veblen and early Herbert Simon
halshs.archives-ouvertes.fr/h...
Capuchin monkeys reject unequal pay
• Capuchin monkeys rejec...
#StupidEconomics