You get what you don’t pay for

I was in Portugal, in the Algarve, for a few days this week. I was having lunch when I heard some tourists speak about how cheap they found some of the local property.

One member of the group commented that “it sounds too good to be true. You get what you pay for”. You hear this a lot, but is it true?

A few days ago, I was reading an article, where a group of researchers went to a restaurant in New York. Each group was eating the same meal, but one group were charge 2x for the privilege.

The group getting the more expensive meal, claimed higher satisfaction, when rationally speaking, the other group got the better deal.

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