The behaviour of a consumer buying a premium dual-boiler espresso machine is biased due to bounded rationality and the anchoring effect. This implies that the choice of which espresso machine to buy is based on the price of
all available premium espresso machines, given sufficient time to acquire the market data.
the cheapest available espresso machine, in order to maximise their consumer surplus.
the first espresso machine they see and imperfect information about other available alternatives.
the most expensive espresso machine, assuming that high price translates directly to superior durability.
