Through a Christmas Top Ten list, we can see how economics has the perfect lens for understanding our holiday behavior. Christmas Top Ten List 10. Social Norms Violating a social norm, a grandmother in Wales charges for her holiday meals.…
Looking at the numbers from the National Retail Federation, we do not see the value of the unwanted gifts that might be subtracted from holiday spending.
Although you’ll see that the Amazon reviews for How to Avoid Huge Ships are hilarious, it’s still one of those unwanted gifts that creates deadweight loss.
At the BAHFest, evolutionary researchers present bogus theories that are funny but also display how we can be convinced by misleading statistics.
econlife®
Connecting economics with everyday life.
Located at the intersection of current events, history, and economics, econlife® slices away all of the layers that make economics boring and complex. We like economics and we would like for you to like it too.
