Comments on: When Your Product Becomes Obsolete, Increase its Price http://www.robhyndman.com/2008/04/26/when-your-product-becomes-obsolete-increase-its-price/ any technology distinguishable from magic is not sufficiently advanced Thu, 07 Aug 2008 22:56:44 +0000 http://wordpress.org/?v=2.6 By: S http://www.robhyndman.com/2008/04/26/when-your-product-becomes-obsolete-increase-its-price/#comment-85283 S Fri, 20 Jun 2008 14:07:25 +0000 http://www.robhyndman.com/?p=2716#comment-85283 In his book "Influence," psychology professor Robert Cialdini talks about occasions where charging a higher price for an item can increase demand for that item. This is because people tend to think higher prices = scarcity, and the human brain is conditioned to grab scarce items whenever they can. In his book “Influence,” psychology professor Robert Cialdini talks about occasions where charging a higher price for an item can increase demand for that item. This is because people tend to think higher prices = scarcity, and the human brain is conditioned to grab scarce items whenever they can.

]]> By: oregonnerd http://www.robhyndman.com/2008/04/26/when-your-product-becomes-obsolete-increase-its-price/#comment-80339 oregonnerd Mon, 19 May 2008 13:18:21 +0000 http://www.robhyndman.com/?p=2716#comment-80339 The Register has interesting and continuing coverage of this issue, as does TechDirt. --Glenn The Register has interesting and continuing coverage of this issue, as does TechDirt.
–Glenn

]]> By: Brian Hogg http://www.robhyndman.com/2008/04/26/when-your-product-becomes-obsolete-increase-its-price/#comment-80275 Brian Hogg Fri, 09 May 2008 14:21:55 +0000 http://www.robhyndman.com/?p=2716#comment-80275 It seems to make sense - for those still on the "traditional" networks, they're not likely to switch with a price increase. They may even find a greater perceived value in the service if some low-cost extras are added. Or at the very least want to get their "money's worth" and watch more... It seems to make sense - for those still on the “traditional” networks, they’re not likely to switch with a price increase.

They may even find a greater perceived value in the service if some low-cost extras are added. Or at the very least want to get their “money’s worth” and watch more…

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