Reason? Sure. But you lost me after economics. :>
Sorry for the cut and paste job from the Wilson marketing thread (as I'm a bit busy), so the context is blockbuster brands vs. small brands.. but the idea is that success is determined not just by economic factors alone, but by human psychology (subjectivity, fear of loss, etc.), as well as social factors (social proof, desire to connect, etc.)...
"First let me say that I am not talking about any individual’s taste in gear. To me, whatever people do in their personal life, including what kinds of sex, art, sports, or audio they enjoy is irrelevant as long as no one is hurting anyone else. I am sure you and those who own those other blockbuster brands have very fine systems. And I have heard some blockbuster brands sound fabulous in some systems and sound atrocious in others. In the end, achieving happiness is a moral goal, and as long as having great music in your life makes you a better doctor, lawyer, businessman, engineer, or whatever people do, is all that matters.
Yet, on a micro level, doesn't it make you wonder why certain people choose certain brands, and why there is a clump of very popular blockbuster brands mentioned above exists? I don’t have any industry sales stats, but using common sense, it’s probably a safe bet to apply the 80/20 rule and assume that those popular brands get most of the sales.
With so many choices, in the so-called “golden age” of audio, why are there just a select few brands extolled by the media, carried by most dealers, and purchased by customers. First, there is no engineering/ hard sciences answer. There are few “objective” claims to high quality, and audio customers disagree on what is good, so their choices reflect tastes, not verifiable differences in quality. And sure, there is a superficial answer….
But those of us with a background in social psychology and behavioral economics like to scratch beneath the surface and try to understand human behavior... How many guys that bought the Magico or Wilson also seriously auditioned the Vivid Giya? How many Audio Research buyers seriously auditioned CAT? Many of those who have are blown away by how much better CAT is than ARC… And how many folks would be willing to admit they can live with either brand (because to them the differences are minor) but chose the more popular brand so they can start a “my system” thread on audiogon or here, and socially relate to more people. If you start talking about CAT or Vivid, people will not engage with you on the same level as with a more popular brand. Start talking about Wilson or Pass, and people have an opinion, and you are talking about it for years while getting thousands of hits in your thread, vs. taking about a less popular brand and ending your conversation in a week or 2, and having your thread die…
Human nature is very interesting. There is a big social aspect to this hobby. Talking about gear is similar to re-experiencing it. (How many times do people re-tell great vacation stories, even after many years?) Based on the initial chatter and buzz, audiophiles can go to dealers and hear a product. Many will buy it and start yapping about it to their friends and online…And it’s just human nature to yap about a popular product than a more obscure one, which may just absolutely kick the popular product’s ass in every way possible. But sadly, many folks on the forums only talk about the popular products because they get extra enjoyment of discussing shared experiences of products they own or are familiar with. So many ARC fans are ARC fans only because others are ARC fans. The technical term for this phenomenon is “social proof”, but such is human nature. Whether people realize it or on, Popularity happens to be a HUGE signal for quality in our hobby.
Also, interestingly, research shows that consumers of obscure products appreciate those products less than owners of popular products. The more obscure the product, the less likely it is to be appreciated. In effect, what results is a natural monopoly of popular, yet not necessarily “best” products. People’s tastes tend to converge on a select few blockbuster products rather than be dispersed across the assortment of available offerings.
And the internet/ social media, of course, amplifies all of this…
But social proof is just one influence force acting on us. There are others even stronger. With so many overwhelming choices and extremely high prices, it sure hurts a lot if you go with the wrong piece. In fact it hurts a lot more to lose a dollar than to gain a dollar. (It’s just human nature and it affects famous investors, famous athletes, audiophiles, and pretty much everyone else. For example, it has been proven that people sell winning stocks too early but hold on to losers for a long time in fear of experiencing a loss.) So why not buy a product that many others like and is favorably thought of by professional reviewers/ audio intellectuals? Surely, one cannot be too wrong and not experience that painful loss.
People can claim to be not be swayed by influences and making deeply personal choices. But then you look at the most popular brands like Wilson, Magico, Macintosh, etc., and you have to ask: Not Swayed? Right!!! …
By looking at the popular brands, it clearly shows most guys in this hobby are herd thinkers (both audiophiles, dealers, and reviewers). Bring it up and they deny it. They use their ears, they say. But they are operating from a set of biases they are not even aware of. But then why is this clump of Magico, Wilson, ARC, Macintosh, etc., getting most of the sales and reviews while virtually everyone else is starving (or keeping a second job)? How many of those low selling brands sell just a single unit a year, usually to their mother?
It’s no coincidence that people’s tastes converge on select few brands rather than be dispersed across the assortment of available offerings. With so many different flavors of sonic signatures in individual components, one can build so many systems to create a similar sound and excellent sound. Guys who run audio magazines are assured of an audience and ad sales by covering and hoarding around the popular brands. Dealers are assured of customers walking into their shops. Audiophiles hoard around these popular “Lady Gagas” and “Peyton Mannings” and the result is a strong concentration of sales for the blockbuster brands that promise familiar and repeatable experiences in an uncertain market.
Now with the economic and social psychology theory and ideas in place, the more demanding audiophiles check out not just the popular brands, but check every nook and cranny to find the less popular brands that frequently outperform the blockbusters."