Posts Tagged ‘gift giving’

  • Decisions Have An Opportunity Cost That Require Tradeoffs

    Behavioral Economics: The Best Gifts

    Nov 19, 12 • 146 Views • Behavioral Economics, Economic Thinkers, Households, Thinking Economically, UncategorizedNo Comments

    A gift can be worth much more or less than its price tag. It just depends on whether you are the giver or the receiver. One of the best gifts I have ever gotten was a book of car wash coupons. Happily, I used every one, each time feeling that I had gotten...

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    Holiday Dilemmas

    Dec 11, 11 • 122 Views • Behavioral Economics, Demand, Supply, and Markets, Households, Thinking EconomicallyNo Comments

    Can doing good be bad? At food banks, the holiday season brings an avalanche of food from donors when the charity could purchase the food more cheaply and use volunteer time more wisely. As a result, charitable food donations misallocate resources. According...

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    Giving and Getting Gifts

    Nov 29, 10 • 115 Views • Behavioral Economics, Demand, Supply, and Markets, Economic Thinkers, Households, Thinking EconomicallyNo Comments

    With the holiday season beginning, we should consider the economics of gift giving. Let’s start with University of Pennsylvania Professor Joel Waldfogel who focused on receiving gifts. Then, through Duke’s Dan Ariely, we can look at how to give...