Investopedia / Julie Bang A Veblen good is a good for which demand increases as the price increases due to its exclusive nature and appeal as a status symbol. This runs counter to the prevailing ...
Hosted on MSN2mon
Why humans crave expensive things just because they're expensive: The science of Veblen goodsThese "Veblen goods," named after economist Thorstein Veblen who first mapped this peculiar behavior, reveal how deeply status-seeking is wired into our psyche. People aren't just willing to pay ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results