Earlier quoted context omitted.
Your argument is essentially "marketing is bad". Which is a shadow argument for "capitalism is bad". While your formulation is deliberately obtuse, the underlying sentiment can be quite damning for a certain kind of free market fan-boy, the kind who insists that buyers in a market are rational in some individual or even collective sense, that they somehow optimize their own happiness or utility function. That notion…
I appreciate your boisterous rejoinder to my comment. I think you are mistaken in your understanding of rationality. Emotion is part of rationality, not separate from it. To make a rational decision, a rational person ought to consider his/her emotional response as input to the decision function, not throw it away. Also, different individuals have different utility functions, and not all are practical, far-looking, m…
"Anchoring Bias: Phone Numbers Used as Anchors When Estimating the Prices of Goods"