Why Do Snobby People Buy Expensive Things? – Understanding the Snob Effect (C1)

Questions

1. What is the „snob effect” as described in the video?
2. How does the price of a product influence a snob consumer’s purchasing decisions?
3. Why might a snob avoid popular or accessible brands?
4. What are some examples of products that snobs might prefer?
5. How does the concept of „peacocking” relate to snob behavior?
6. What external factors can influence a snob’s desire for a product?
7. In what way does the popularity of a product affect a snob’s interest in it?
8. How does the iPhone exemplify the snob effect in consumer behavior?
9. What are the implications of the snob effect for understanding consumer choices?