Creative Commons photo by Dalem
Below we see that there is no correlation between the actual cost of the bottle and the price that it tastes. The conclusion? Save your money and don't buy wine over $15!
In case you are curious, below you can see all the data points.
Thanks to alert blog-previewer Eli we have the following relevant links about how the price of the wine can actually change how good it tastes for you.
The price bias might apply to violins, too. Course, the three new violins costed 100 grand, so let's not get carried away.
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