The Psychology Behind Why People Buy Luxury Goods

Luxury goods exemplify how irrational we can be. A decent, sturdy handbag can be bought for $50, yet people will still spend thousands on a brand name. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

| My Investopedia The Psychology Behind Why People Buy Luxury Goods Luxury goods exemplify how irrational we can be. A decent, sturdy handbag can be bought for $50, yet people will still spend thousands on a brand name. Read More » You may also be interested in: Why Companies Issue Bonds When companies need to raise money, issuing bonds is one way to do it. A bond functions as a loan between an investor and a corporation. Read More » Forward Contracts: The Foundation Of All Derivatives An investor can assess interest rate parity and implement covered interest arbitrage by using a currency forward contract to generate risk-free returns. Read More » TRENDING NOW $4 Trillion ETF Industry Faces Shakeout in 'Oversaturated Market' As the ETF industry matures and price competition intensifies, fund closures are rising, especially among small players that lack economies of scale. Read Now » Common interview questions: credit risk analysts Discover some of the typical questions asked in interviews for a position as a credit risk analyst – along with suggestions for good answers. Read More » Pros and Cons of Overdraft Protection The good news when you sign up for overdraft protection is that checks always clear. The bad news is that the bank will charge you an overdraft fee. Learn more on the pros and cons of overdraft protection. Read More » How is interest charged on most lines of credit? Learn how most financial institutions calculate interest on lines of credit by using the average daily balance method and periodic rates. Read More » How to Properly Invest in Privately Held Companies Learn the pros and cons of privately held businesses and how they offer unique investing opportunities for profit across various business categories. Read More » CONNECT WITH INVESTOPEDIA Email sent to: mondemand.forex@blogger.com To update your newsletter preferences or unsubscribe, click here. 114 West 41st St, floor 8 New York NY 10036 © 2019, Investopedia, LLC, All Rights Reserved | Privacy Policy