Do expensive wines taste better?

Do expensive wines taste better? Only if you know about wine according to the American Association of Wine Economists.

Here’s the related site http://www.thewinetrials.com/ . And here’s the conclusion of their academic paper on the subject. 

“In a sample of more than 6,000 blind tastings, we find that the correlation between price and overall rating is small and negative, suggesting that individuals on average enjoy more expensive wines slightly less. For individuals with wine training, however, we find indications of a positive relationship between price and enjoyment.”

PDf here aawe_wp16

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