Good Expensive wine is better value for money than Bad Cheap wine.
Better value for money? If you check the coefficients on the perceived quality increase, they pretty strongly recommend saving your money.
That’s quite possible in real life, but then you don’t need all that evaluation of preferences in various models—you always buy cheap wine, regardless of label and taste.
Better value for money? If you check the coefficients on the perceived quality increase, they pretty strongly recommend saving your money.
That’s quite possible in real life, but then you don’t need all that evaluation of preferences in various models—you always buy cheap wine, regardless of label and taste.