Comments on: Too many choices may not be good http://www.26econ.com/too-many-choices-may-not-be-good/ Online economics Fri, 05 Dec 2008 10:08:08 +0000 http://wordpress.org/?v=2.3.2 By: Jason http://www.26econ.com/too-many-choices-may-not-be-good/#comment-6207 Jason Sun, 20 Apr 2008 19:55:34 +0000 http://www.26econ.com/too-many-choices-may-not-be-good/#comment-6207 Funny, I had a similar situation when I happened to find myself in a coffee shop not too long ago. To summarize: it took me forever to figure out what I wanted and by the time I figured out what I did want, I didn't have enough time to wait in line and buy that cup of coffee! I'm useless - I know. Anyway, if this phenomenon is more prevalent than not, we might have to rethink the microeconomic assumption that consumers are capable of making utility maximizing decisions between two baskets of goods... I'm going to go try and buy some coffee now. Wish me luck! Funny, I had a similar situation when I happened to find myself in a coffee shop not too long ago. To summarize: it took me forever to figure out what I wanted and by the time I figured out what I did want, I didn’t have enough time to wait in line and buy that cup of coffee! I’m useless - I know. Anyway, if this phenomenon is more prevalent than not, we might have to rethink the microeconomic assumption that consumers are capable of making utility maximizing decisions between two baskets of goods… I’m going to go try and buy some coffee now. Wish me luck!

]]> By: archer http://www.26econ.com/too-many-choices-may-not-be-good/#comment-6136 archer Sun, 20 Apr 2008 03:36:00 +0000 http://www.26econ.com/too-many-choices-may-not-be-good/#comment-6136 I hate shopping, so these results don't surprise me at all. This is one reason I like owning Macs. You don't have a zillion choices. Similarly, I buy the least stylish, most stripped down cell phones possible. I can't be bothered wasting time comparing features. It makes and receives calls? Great! That's all I want. I hate shopping, so these results don’t surprise me at all.

This is one reason I like owning Macs. You don’t have a zillion choices. Similarly, I buy the least stylish, most stripped down cell phones possible. I can’t be bothered wasting time comparing features. It makes and receives calls? Great! That’s all I want.

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