causal
Businesses Are Too Different to Average for Pricing
Economists struggle with price stickiness because businesses are so different they are hard to average; much pricing strategy is 'aesthetics,' which is either an entire career of knowledge compressed into intuition or completely made up, and inflation tracking showed price-following behavior differed sharply by product type, margins, and how people consider buying.
causalpending
Speaker
Tobi LütkeEvidence Quote
“their pricing strategy is aesthetics. Aesthetics is one of those hand waves that humans do to explain away enormous amount of background processing”
Created: 6/13/2026, 3:32:50 AM
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