https://whystudyeconomics.ac.uk/blog/2008/10/lap-dances-and-cheap-drugs/ Mon, 13 Oct 2014 20:16:22 +0000 hourly 1 https://wordpress.org/?v=6.9.1 https://whystudyeconomics.ac.uk/blog/2008/10/lap-dances-and-cheap-drugs/comment-page-1/#comment-15598 Mon, 13 Oct 2014 20:16:22 +0000 http://whystudyeconomics.ac.uk/blog/?p=267#comment-15598 The article caught my eye because it was definitely something out of the ordinary and could shed light on a topic not many know about, including myself. This article proves but one thing- the mind is the most powerful tool we posses. How can something work better only if the price is higher? How can prices in today’s day age influences our perceived views of quality so dramatically. Subconscious thoughts play an immense roll in the minds of consumers and yet through this very different and unorthodox study it is plain to see that without knowing the difference us consumers might pay more or less for something based on subconscious thoughts. The question is “How can businesses take advantage of something so intangible and hidden?”

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