Saturday, September 13, 2008
What are Commercials Trying to Tell Us?
Even though 20 years ago, economists have rendered advertising content meaningless, since its sole purpose is to look flashy and act as a signal of quality, I really think that analyzing advertising content is an important issue in industrial organization and the future of microeconomics.
Think about this: I can tell you that my house is 'huge', or I can instead tell you exact number of acres. Which one would you rather hear? However, which one would arouse interest?
Just my humble opinion.
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