Cheap Custom Essay:Comparing Personal vs. Market Value

Cheap Custom Essay:Comparing Personal vs. Market Value

Comparing Personal vs. Market Value

Think of something that you own and are especially pleased to own, like your most comfortable recliner or sofa, your most stylish piece of clothing, or the bicycle that has accompanied you on so many adventures and pleasure rides.

How much would you hope to get for this item if you were to sell it? Next, find something comparable (and comparably old or worn) being advertised online (for example, on eBay or Craigslist). How does the price of this item compare to your asking price? Do you think that the price is fair?

That is, would you buy the item for that price? Is the seller an individual or a business? Granted that this isn’t nearly as rigorous as the kind of experiments that Ariely describes, what would you conclude about “the price of ownership,” based on what you have found, and how do your findings compare to Ariely’s?

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