Survivorship Bias in Pipe Accumulating

[sasquatch]

I've long said that a Pipe by Lee was the Honda of Violins.

 

[Sweet Home Alabama]

The railroad companies allowed payroll dedections for railroad employees after discovering them sold or pawned when the RR gave them away.

 

[ofafeather]

I think Lee pipes were luxury items, the highest priced production pipes on earth for their most popular era, and they were selected as $10 and later $15 gifts for a pipe smoker, by a woman who loved him. She didn’t buy the cheapest or the most expensive, instead the middle of the range, and she didn’t buy him what she knew he already had.

I think in marketing studies you will find this is almost always the case. If there are only 2 levels the base model will have more sales but if you add a 3rd the middle tier gets the highest hits.