#222 How asymmetric information, price discrimination and the stories we tell ourselves contribute to artificial profits and income inequality. Thanks to CNote for sponsoring today's episode. )
For show notes and more information on this episode click here).
- [0:20] Rents, overpayments, and income inequality are all side effects of market distortions
- [8:55] Value-based pricing vs pricing based solely on cost
- [17:13] Pricing is inextricably tied to the stories we tell about ourselves and to others
- [22:30] Consumers need to consider these 4 things when evaluating the cost of goods and services
See Privacy Policy at https://art19.com/privacy) and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info).
