Good Wine: Cheap or Expensive?
When we are charged a higher price for a good, we normally expect a better quality. Normally that is the case. At the first glance, wine is no exemption: we like expensive wines better than cheap ones – as long as we know their prices. Back in 2007, the team of researchers at the California […]
Hotel Reviews: Fake and Real
When travelling, I always book hotels online and check reviews before booking a room in a particular hotel for the first time. So do hundreds of thousands of travelers. Sure, hotels have become incentivized to boost their consumer ratings, and some of them actually do exactly that. Go to fiverr.com and enter “review hotel” in […]