Are you fancy?

“Do More Expensive Wines Taste Better?” from the American Association of Wine Economists published in the Journal of Wine Economics, Vol. 3, No. 1. Their conclusion: fancy people with lots of training can tell cheap wine from expensive wine, but regular people cannot. http://freakonomics.blogs.nytimes.com/2008/07/16/cheap-wine/?em&ex=1216440000&en=43675e07e52c0513&ei=5070)