In your responses, comment on at least two of your peers' posts and share example of how non-rational human behavior can change an economic outcome.

One behavior I think would be good to observe is the average salary people are making in certain areas. As we all know the cost of living varies from one place to another, while prices on most things cost the same most places you go. If economists would tend to rely on raising prices in wealthier areas, they would be able to make a higher profit, whereas if they would lower prices in areas with lower incomes, consumers would possible be willing to buy more of that product resulting in more sales.