Sublime

Veblen Goods:

We often attach value to things simply because they're hard to get. People will be more attracted to a painting if it costs $3 million than if it costs $3. The price becomes a feature of the product in that it allows the buyer to signal affluence to others.

That’s because another important way we value things—a way unrelated to actual value—is by assigning meaning to a price. When we can’t evaluate something directly, as is often the case, we associate price with value.

value is something that’s based on a social context. The value given to a one-dollar bill is not an objectively attributed value, though that might be a commonsense approach. If one considers its actual cost as printed material, the value is nowhere near a dollar.

Uber vs Walking. Fast beats free. Many will always be willing to pay (price) for the (value) of speed.

Whether it makes sense or not, a high price signals a high value. In the case of important things like health care, food, and clothing, it also signals that the product isn’t cheap or of low quality.

valor como algo que proporciona un beneficio al consumidor; cualquier otra cosa es un despilfarro.