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Elo comments on General buying considerations? - Less Wrong Discussion
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I feel like the mindset of this post comes from a bygone era, when people actually spent a large portion of their income on consumer goods. These days people spend most of their money on housing, food, taxes, health care, travel, and education; none of those categories are really amenable to the type of analysis you are suggesting.
Housing is something that a lot of these apply to.
Food is a more disposable thing and will fall under $20 often so be not worth the time; but sometimes it will be worth the time.
health care can be shopped around for, and you can find experts in the area and information online.
Travel certainly can be shopped around for.
Education is not a physical product; so many of these concepts do not apply (i.e. heavy/light), there are still several of these that do apply though.