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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 827 |
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Moreover, it isn’t only advertising and style it is also peer pressure that enables human beings to spend their money irrationally. When we are manipulated by either the media or the people around us to invest in products that are more expensive we tend to follow that path because we start to believe that the more money we have to give the better service or use we will get in return...
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This misconception is a complete fallacy because we often find ourselves buying expensive things for not only ourselves but for our friends, which doesn’t maximize our own utility, thus making human beings irrational consumers.
One of the last reasons as to why human beings aren’t rational consumers is due to the mis-information provided to human beings from advertising and propaganda...
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