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Showing posts with the label free effect

Just my thoughts #0768

False equivalency: A misleading comparison where the comparison targets are forcibly balanced while ignoring relevant differences. For example, claiming that banning guns also requires banning cars. Both cause harm to human life, but guns are designed for lethality and are closely linked to crime, whereas automobiles are meant for transportation and sometimes cause fatalities in traffic accidents as side effects. Comparing these two as if they are the same constitutes a false equivalency. Similarly, saying that apples and oranges are the same because they are both fruits and round is also a false equivalency. We are easily misled by such false comparisons. - Joseph’s “just my thoughts”

Just my thoughts #0631

Free Effect . A new ice cream company in India has set up free ice cream vending machines on the streets to promote its brand. Result? People lined up at a very long distance in front of the vending machine. It was raining then, and the people in line went to a convenience store to buy umbrellas, then lined up again. Umbrellas cost much more than ice cream . However, people kept lining up. Cheap and free are two completely different concepts . When the price is low, sales increase slightly, but when it is free, an extraordinary dimension of the problem arises. It’s a privilege , so consumers are willing to pay a higher price to get something for free. Free is not a matter of reason; it is a matter of emotion . - Joseph’s “just my thoughts”