Today I was at a restaurant and a conversation came on how the items on the menu were more expensive compared to most other places. One perspective was that if the food is good then the price is justified. The other perspective is that even if it is good, the price does play a role in determining whether or not it is worth it.
Unless it is a special occasion, I usually have the second mentality. I guess it is similar to buying anything else really. While the features/benefits may be better on one product, if the other one satisfies you and is a lot less then it makes more to sense to me personally to save money.