Dear all A Veblen Good is a type of product that people demand more of as its price💰 increases, due to the product's perceived status and exclusivity. The phenomenon is named after economist Thorstein Veblen, who observed it in his book "The Theory of the Leisure Class". Here are 7 examples of Veblen goods: Luxury cars: High-end car brands like Lamborghini and Ferrari are Veblen goods because the higher the price, the more desirable they become due to their exclusivity and perceived social status. Jewelry: Diamond and other luxury jewelry are often Veblen goods, as their high prices can signal wealth and exclusivity. Designer clothing: High-end fashion brands like Gucci and Louis Vuitton are often Veblen goods, as their high prices signal status and exclusivity. Fine art: Famous and expensive works of art can become Veblen goods, as their price can signal status and exclusivity among wealthy collectors. Real estate: Luxury homes and apartments in exclusive neighborhoods can be considered Veblen goods, as their high prices can signal status and exclusivity. Private jets: Owning a private jet is a status symbol, and the more expensive the jet, the more exclusive it becomes. Premium alcoholic beverages: High-priced alcoholic beverages like vintage wines and rare whiskies can become Veblen goods due to their perceived exclusivity and status. **One Video I Enjoyed**Why one should not have a social media account? Dr Cal Newport gave this wonderful talk.  YouTube Video🎥 Link >> Click Here **Two Tweets I Enjoyed and Liked**
https://twitter.com/WiseMenMastery/status/1641847213256232961
Keep your sleep debt in check: https://twitter.com/matt_gray_/status/1622224066630352897 **Three New Websites I Enjoyed and Liked**
https://www.chm.bris.ac.uk/motm/motm.htm
**Three Quotes and Phrases I Liked**
**Two Write Ups I Enjoyed and Liked**
**One Photo I Enjoyed and Liked**
LK-99: The First Room-Temperature Ambient-Pressure Superconductor Read More: https://arxiv.org/abs/2307.12008 **An Amazing/Weird/ Useful Product**Buy it from here by copy pasting the below link 👇 in your browser:» Amazon Affiliate Link>>Buy Here Thanks Xoxo |
Veblen Good/Quit Social Media/How Companies Make You Pay Endlessly
Barnum Effect/Bull Playing like Puppy/Why Onion And Garlic prohibited on auspicious days/Monsoon Essentials
Dear all Imagine you visit a carnival and meet a fortune teller. They tell you that you're kind and compassionate, but also stubborn and independent. You are a deep thinker, but sometimes too analytical. You're creative and imaginative, but can be disorganized. Do you believe the fortune teller? Chances are, you might. The fortune teller's words seem specific to you, but they're actually vague and can apply to many people. This is called the Barnum Effect, a bias that makes us think general statements about ourselves are tailored to us. The Barnum Effect was studied by psychologist Bertram Forer in the 1940s. He gave students a personality test and then a feedback report that was a generic horoscope. The students thought it was accurate, rating it 4.2 out of 5. People tend to believe ambiguous statements because we fill in the gaps with our own experiences and beliefs. This makes the statement seem accurate, even though it's quite general. The Barnum Effect can be used to manipulate people, like advertisers creating ads that make you feel the product is made just for you. Here are some other examples of the Barnum Effect: - "You are a unique individual." - "You are a deep thinker." - "You are sometimes too critical of yourself." - "You have a lot of potential." - "You are a good friend." Remember, when you hear vague statements about yourself, think critically. Is it really specific to you, or is it just a general statement that could apply to anyone? **One Video I Enjoyed**Why does puppies have all the fun. https://twitter.com/buitengebieden/status/1686383406219927553 **Two Tweets I Enjoyed and Liked**
"Male depression and female depression often present very differently, and they also tend to heal differently. But most therapy modalities are really only geared to help women recover. Many can actually make men more depressed." Check out this thread for more https://twitter.com/TheBrometheus/status/1676925337194704897 Check out this thread about why Onion And Garlic prohibited on auspicious days? https://twitter.com/KindsoulRitzS/status/1686289657066348544 ✖️ Twitter Link 🐦>> Click Here ✖️ **Three New Websites I Enjoyed and Liked**GoodBooks.io is a great resource for finding new books to read. It is a one-stop shop for book recommendations from the world's most successful people. The website is easy to use and the recommendations are well-curated. TweetAi: A website that uses artificial intelligence to analyze Twitter data and provide insights into what people are talking about. TweetAI can be used to track trends, identify influencers, and monitor brand mentions. It is a valuable tool for businesses and individuals who want to stay ahead of the curve. SimpleStupidTools: A website that provides a collection of simple, easy-to-use tools for everyday tasks. The tools on SimpleStupidTools are designed to be quick and easy to use, without any complicated instructions or learning curves. They are a great resource for people who want to get things done without having to spend a lot of time or effort. https://www.simplestupidtools.com/ **Three Quotes and Phrases I Liked**
**Two Write Ups I Enjoyed and Liked**Mental Floss is a website that publishes articles on a variety of topics, including history, science, pop culture, and trivia. The article "10 Lifehacks from 100 Years Ago" discusses 10 clever tips and tricks that were published on cigarette cards in the 1910s. https://www.mentalfloss.com/article/51702/10-lifehacks-100-years-ago It is a guide to building new habits that stick. The site is based on the idea that habits are formed through a feedback loop of cue, craving, response, and reward. https://jamesclear.com/new-habit **One Photo I Enjoyed and Liked** National Geographic India on Instagram: "A simple moment woven into a spectacular shot! Pictured here are fishermen sewing nets. #Repost from @shibasishsaha.official 📸" July 29, 2023 **An Amazing/Weird/ Useful Product**It's monsoon time in India , so essentials for this rainy season.
Thanks Xoxo |
Tall Poppy Syndrome/100 tips for better life/Reveal a lie
Dear all, Tall Poppy Syndrome is a term used to describe the phenomenon of people being resented, excluded, or criticized for their success. The term comes from the image of a tall poppy, which is a flower that stands out from the rest of the field. In some cultures, tall poppies are cut down to make them the same height as the other flowers. This is seen as a way of preventing anyone from becoming too successful or different. An analogy for Tall Poppy Syndrome is the "crab bucket" mentality. This is the idea that if one crab tries to escape from a bucket, the other crabs will pull it back down. This is seen as a way of preventing anyone from achieving success, as they will be dragged down by the others. Tall Poppy Syndrome can have a negative impact on society, as it can discourage people from achieving their full potential. It can also lead to a culture of mediocrity, as people are afraid to stand out or be different. Here are some examples of Tall Poppy Syndrome: A student who is praised for their academic achievements is told to "not get too big for their britches." A successful entrepreneur is criticized for being "greedy" or "selfish." A politician who is seen as a rising star is attacked by their opponents. **One Video I Enjoyed**Seven magic word that reveals a lie. An effective way of dealing with lies and rather getting the correct answers. **Two Tweets I Enjoyed and Liked**
**Three New Websites I Enjoyed and Liked**
**Three Quotes and Phrases I Liked**
**Two Write Ups I Enjoyed and Liked**
**One Photo I Enjoyed and Liked**Rafflesia, the world's largest flower, is a parasite that grows on vines. It has a foul odor of rotting meat, Which attracts flies to pollinate it. **An Amazing/Weird/ Useful Product**A perfume for which you may need to take a bank loan. Stupell Industries Glam Cosmetic Black Gold Watercolor Perfume Bottle. Amazon Product Link💅🏽 >> Click Here Thanks Xoxo |
Health Halo Effect/Hitchhiker's Thumb/Non Alcoholic Fatty Liver Cure by Chinese Docs.
Dear all Imagine you are at the grocery store and you see a bottle of juice that says "low sugar." You might automatically assume that this juice is healthy, even if you don't know anything else about it. This is because the word "low sugar" has a positive connotation, and we tend to associate positive things with health. In reality, the juice might still be high in calories or contain other unhealthy ingredients. But because of the health halo effect, you might be more likely to choose it over a different juice that doesn't have the "low sugar" label. The health halo effect can be a powerful thing. It can lead us to make choices that are not actually healthy for us. So it's important to be aware of this bias and to think critically about the foods and products that we choose. Here are some tips for avoiding the health halo effect: -Read food labels carefully and look at the nutritional information. -Don't be fooled by health claims on packaging. -Be skeptical of foods that are labeled as "healthy" or "natural." -Talk to your doctor or a registered dietitian if you have questions about healthy eating. By following these tips, you can make sure that you are making informed choices about your health. **One Video I Enjoyed**The Hitchhiker's Thumb. I too have the same.
**Two Tweets I Enjoyed and Liked**
**Three New Websites I Enjoyed and Liked**
**Three Quotes and Phrases I Liked**
**Two Write Ups I Enjoyed and Liked**
**One Photo I Enjoyed and Liked**Description: Launch vehicle lifting off from the Second Launch Pad (SLP) of SDSC-SHAR, Sriharikota An Amazing/Weird/ Useful Product**
Thanks Xoxo |
Posts
