Perceived Value Versus Real Value

by John Winsor on 22 January, 2010 - 10:58

I came across this wonderful video of Rory Sutherland gave at TED Global last fall. It's worth watching. Here's a preview from the TED site.

Advertising adds value to a product by changing our perception, rather than the product itself. Rory Sutherland makes the daring assertion that a change in perceived value can be just as satisfying as what we consider real value -- and his conclusion has interesting consequences for how we look at life.

Image source: rush_39402

Original Post: http://www.johnwinsor.com/my_weblog/2010/01/perceived-value-versus-real-value.html