Does persuasion help us in our decisions about what products or services to buy or does it get in the way of us making good choices?It seems like we can be pretty easily swayed, even to the point where we can't trust our own senses (as in the wine tasting example in Behavioral Economics).The supply and demand model we just looked at assumes we are all rational, informed decision makers... making our choices on the basis of price, product/service quality, and so on.How does persuasion and our susceptibility to it (behavioral economics) affect that assumption?And, does it matter...? You must use an example of someone you know (or you) who made a buying decision that, because of emotions or persuasive influences, ended up being a less than rational choice.

Videos to watch for reference:

https://www.youtube.com/watch?v=cFdCzN7RYbw

https://www.youtube.com/watch?v=dqxQ3E1bubI