Your Take 

Your take: Does a high price make you think it’s better?

Do people love Dom Perignon because it tastes good, or because they think higher price, better quality?The other day I was shopping for some new earbuds online and I saw a Panasonic pair with 4 1/2 stars and tons of glowing reviews. I haven’t bought Panasonic anything in years, and the price was only $7, so I ignored the good reviews and looked elsewhere, finally settling on a well-reviewed but slightly more expensive pair from Sennheiser.

The pair I ended up with were ok, but I haven’t been blown away, so imagine my chagrin when I saw a very similar Panasonic pair win in a showdown of 40 different pairs of earbuds, many costing substantially more.
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