Kristen Schwab
speaker
32 appearances
1 recordings
1 series
first heard Feb 2026
last heard 19 Feb
Kristen Schwab’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Feb 2026 with 1.
Appearances
Christopher Blackington has been in the market for an air fryer for a year.
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The options feel endless.
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There's everything from a basic $50 basket to a $1,000 oven.
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At this point, he's not even sure how much a good air fryer should cost.
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The proliferation of choice and the push for everything luxury makes it harder for consumers to comprehend prices.
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In fact, economists say we've gotten worse at guessing them.
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And there's a long-running, albeit unconventional, data set to prove it.
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Ah, yes, The Price is Right, the guessing game show that's been on TV since 1972.
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John Hartley is a fellow at the Hoover Institution, also a Price is Right enthusiast.
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He scraped 50 years of the show's transcripts for the contestants' guesses and the game's correct answers, and he found some patterns.
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Contestants have increasingly underestimated the cost of items, a pattern that really took off in the 90s, around the same time online shopping became a thing.
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Jean-Pierre Dubé teaches pricing at the University of Chicago.
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Variety of offerings, think thousands of air fryers, and variety of prices.
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Retailers can now change them in real time, based on supply and demand or a shopper's browsing history.
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And Dubé says constant discounts have become the norm.
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Having little understanding of what prices are makes adjusting to them hard, all at a time when we are also super sensitive to inflation.
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Which brings us back to the Price is Right study.
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John Hartley, the researcher, says people were good at guessing prices during the 70s and 80s when inflation hit double digits.
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It makes sense.
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When prices rise fast, people feel the pain of every dollar.
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