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by pedalpete
1901 days ago
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Consider the question a fashion vs function question. We've seen this in multiple industries, even the current automobile industry, and I suspect this will continue. I'm surprised how many people don't realize that a VW Passat is a dressed down Audi (A/S/RS)6 is dressed up as Porsche Panamera. Why do people spend hundreds of dollars on a brand of jeans, when they can buy levi's for 50 bucks (or other brands even cheaper). The same can be said for many industries. Why did you buy the computer or keyboard you're currently typing on. Much of it may have been due to signaling, or it appealing to your tribe. So will there be a "killer feature" for a car in the future? I suspect there isn't a killer feature today, and I don't suspect that change. |
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This is why economic models based on high-information, rational consumers fall short. You and I may put more thought into purchasing a vehicle, but cars have been sold because it was featured in a movie or a myriad of other reasons we might consider superficial.