"My credit is horrible. They won't even take my cash!" - May Gillian in "Head of State" (Chris Rock)
logo

Go Back   Saving Advice > Financial Chit Chat > Frugal Questions and Answers

Frugal Questions and Answers Frugal ideas and questions. The place to learn how to get those costs down.

Reply
 
LinkBack Thread Tools
  #1 (permalink)  
Old 04-03-2005, 03:28 PM
crosses crosses is offline
$ Saving HS Senior
 
Join Date: Apr 2004
Posts: 320
Points: 26024.60
Donate
Default The Paradox of Choice

Has anyone read this book? I overheard a couple talking about it and now I'm interested. It has something to do with we all have too many choices and this cause confilct. I'm just wondering whether it is worth the read?
Reply With Quote
  #2 (permalink)  
Old 04-03-2005, 04:25 PM
terry1156 terry1156 is offline
$ Saving College Junior
 
Join Date: Apr 2004
Posts: 1,110
Points: 26771.50
Donate
Default Re: The Paradox of Choice

I haven't read the book, but <A HREF="http://www.usatoday.com/life/books/excerpts/2004-01-16-paradox-choice_x.htm">USA TODAY</A> ran an except from the book and it does look interesting. I may go and pick it up at the library this week:

By Barry Schwartz

Chapter One

Let's Go Shopping

A Day at the Supermarket

Scanning the shelves of my local supermarket recently, I found 85 different varieties and brands of crackers. As I read the packages, I discovered that some brands had sodium, others didn't. Some were fat-free, others weren't. They came in big boxes and small ones. They came in normal size and bite size. There were mundane saltines and exotic and expensive imports.

My neighborhood supermarket is not a particularly large store, and yet next to the crackers were 285 varieties of cookies. Among chocolate chip cookies, there were 21 options. Among Goldfish (I don't know whether to count them as cookies or crackers), there were 20 different varieties to choose from.

Across the aisle were juices — 13 "sports drinks," 65 "box drinks" for kids, 85 other flavors and brands of juices, and 75 iced teas and adult drinks. I could get these tea drinks sweetened (sugar or artificial sweetener), lemoned, and flavored.

Next, in the snack aisle, there were 95 options in all — chips (taco and potato, ridged and flat, flavored and unflavored, salted and unsalted, high fat, low fat, no fat), pretzels, and the like, including a dozen varieties of Pringles. Nearby was seltzer, no doubt to wash down the snacks. Bottled water was displayed in at least 15 flavors.

In the pharmaceutical aisles, I found 61 varieties of suntan oil and sunblock, and 80 different pain relievers — aspirin, acetaminophen, ibuprofen; 350 milligrams or 500 milligrams; caplets, capsules, and tablets; coated or uncoated. There were 40 options for toothpaste, 150 lipsticks, 75 eyeliners, and 90 colors of nail polish from one brand alone. There were 116 kinds of skin cream, and 360 types of shampoo, conditioner, gel, and mousse. Next to them were 90 different cold remedies and decongestants. Finally, there was dental floss: waxed and unwaxed, flavored and unflavored, offered in a variety of thicknesses.

Returning to the food shelves, I could choose from among 230 soup offerings, including 29 different chicken soups. There were 16 varieties of instant mashed potatoes, 75 different instant gravies, 120 different pasta sauces. Among the 175 different salad dressings were 16 "Italian" dressings, and if none of them suited me, I could choose from 15 extra-virgin olive oils and 42 vinegars and make my own. There were 275 varieties of cereal, including 24 oatmeal options and 7 "Cheerios" options. Across the aisle were 64 different kinds of barbecue sauce and 175 types of tea bags.

Heading down the homestretch, I encountered 22 types of frozen waffles. And just before the checkout (paper or plastic; cash or credit or debit), there was a salad bar that offered 55 different items.

This brief tour of one modest store barely suggests the bounty that lies before today's middle-class consumer. I left out the fresh fruits and vegetables (organic, semi-organic, and regular old fertilized and pesticized), the fresh meats, fish, and poultry (free-range organic chicken or penned-up chicken, skin on or off, whole or in pieces, seasoned or unseasoned, stuffed or empty), the frozen foods, the paper goods, the cleaning products, and on and on and on.

A typical supermarket carries more than 30,000 items. That's a lot to choose from. And more than 20,000 new products hit the shelves every year, almost all of them doomed to failure.

Comparison shopping to get the best price adds still another dimension to the array of choices, so that if you were a truly careful shopper, you could spend the better part of a day just to select a box of crackers, as you worried about price, flavor, freshness, fat, sodium, and calories. But who has the time to do this? Perhaps that's the reason consumers tend to return to the products they usually buy, not even noticing 75% of the items competing for their attention and their dollars. Who but a professor doing research would even stop to consider that there are almost 300 different cookie options to choose among?

Supermarkets are unusual as repositories for what are called "nondurable goods," goods that are quickly used and replenished. So buying the wrong brand of cookies doesn't have significant emotional or financial consequences. But in most other settings, people are out to buy things that cost more money, and that are meant to last. And here, as the number of options increases, the psychological stakes rise accordingly.

Shopping for Gadgets

Continuing my mission to explore our range of choices, I left the supermarket and stepped into my local consumer electronics store. Here I discovered:

• 45 different car stereo systems, with 50 different speaker sets to go with them.

• 42 different computers, most of which could be customized in various ways.

• 27 different printers to go with the computers.

• 110 different televisions, offering high definition, flat screen, varying screen sizes and features, and various levels of sound quality.

• 30 different VCRs and 50 different DVD players.

• 20 video cameras.

• 85 different telephones, not counting the cellular phones.

• 74 different stereo tuners, 55 CD players, 32 tape players, and 50 sets of speakers. (Given that these components could be mixed and matched in every possible way, that provided the opportunity to create 6,512,000 different stereo systems.)

And if you didn't have the budget or the stomach for configuring your own stereo system, there were 63 small, integrated systems to choose from.

Unlike supermarket products, those in the electronics store don't get used up so fast. If we make a mistake, we either have to live with it or return it and go through the difficult choice process all over again. Also, we really can't rely on habit to simplify our decision, because we don't buy stereo systems every couple of weeks and because technology changes so rapidly that chances are our last model won't exist when we go out to replace it. At these prices, choices begin to have serious consequences.
Reply With Quote
  #3 (permalink)  
Old 04-17-2005, 11:04 AM
marla marla is offline
$ Saving HS Senior
 
Join Date: Apr 2004
Posts: 275
Points: 11613.50
Donate
Default Re: The Paradox of Choice

I think that having too many choices does cost me money sometimes. There are just so many and I don't have enough time to really research the best choice, so I just choose one and hope it is okay. I'm sure there are better deals out there, but finding them is too complicated. When there are so many choices, you could spend so much time looking for the best choice that you never get what you're after.
Reply With Quote
  #4 (permalink)  
Old 04-20-2005, 07:43 PM
Susapalooza Susapalooza is offline
$ Saving Fifth Grader
 
Join Date: Apr 2005
Posts: 35
Points: 350.00
Donate
Default Re: The Paradox of Choice

Terry, thanks for posting that excerpt, although I feel dizzy having read it. I'm so used to zeroing in on my choice of choice, so to speak, that I usually ignore the souped-up, new 'n' improved, latest 'n' greatest versions. Overall, the simpler the better for me.
Reply With Quote
  #5 (permalink)  
Old 04-21-2005, 09:40 AM
jmjj215's Avatar
jmjj215 jmjj215 is offline
$ Saving College Senior
 
Join Date: Sep 2004
Location: In My Office
Posts: 1,657
Points: 22288.20
Donate
Default Re: The Paradox of Choice

I avoid malls especially because of all the choices. I feel like I'm being advertised to the entire time and it starts to bug me.
Reply With Quote
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Free Sample of Nescafe Taster's Choice mmbugs Coupons 1 08-28-2006 01:31 PM
Free choice of Sephora sample w/*purchase* Brenda345 Beauty Freebies 0 06-20-2006 08:50 PM
Choice of free items from Bible Issues flash Books, Posters & Other Freebies 0 06-20-2006 03:19 PM
If you had a choice which city would you move to ? Russell General Discussion 47 06-15-2006 12:10 PM
Help a teen make the right choice. ChipWPB Investing & Banking 7 05-24-2006 11:03 AM



Powered by vBulletin®
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.0.0 RC6 © 2006, Crawlability, Inc.

Copyright © 2012 SavingAdvice.com. All Rights Reserved.