#LUXE : le plaisir de payer plus.

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Stupid Economics

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Shared March 10, 2019

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: https://goo.gl/Njwd6j ► Utip: https://goo.gl/v6LhmX
🐦Twitter: https://goo.gl/dC8xbz 🐦Twitter of the Real: https://goo.gl/XYY2bK

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► Our YOUTUBE MONEY (income statement):
https://goo.gl/2iqQEG
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► Youtube Sub: https://goo.gl/XJWAtC
► Tipeee: https://goo.gl/2EozLT
► Twitch: https://goo.gl/GcY9zS
► Facebook: https://goo.gl/Q27CO7
► Instagram: https://goo.gl/i3NuK7
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To go further and images:

The Wikipedia article that goes well.
https://fr.wikipedia.org/wiki/Thorste...


The Theory of the Leisure Class
http://moglen.law.columbia.edu/LCS/th...

Inequality and visibility of wealth in experimental social networks
https://www.nature.com/articles/natur...

The Lure of Luxury
http://bostonreview.net/forum/paul-bl...

"I consume so I am" documentary Arte / thema

Why we are willing to pay for mega expensive things
https://theconversation.com/why-we-ar...

Habit, decision making, and rationality: comparing
Veblen and early Herbert Simon
https://halshs.archives-ouvertes.fr/h...

Capuchin monkeys reject unequal pay
https://youtu.be/lKhAd0Tyny0

#StupidEconomics