Happy holidays and Merry Christmas! Do you struggle with getting the right gifts? Maybe it's because of utility! Kathryn and Kenzi discuss how economics helps us understand why giving gifts is just so hard and why every gift exchange should include socks.
By Kevin D. Gomez and Alex Kanode Mother’s Day is around the corner...like, tomorrow. Some of y’all may be panicking as we speak, thinking about what to buy the mothers in your life. Maybe you’ve read a clever economist’s argument that the best gift is cash and you’re thinking to Venmo your mom some dough. … Continue reading ReasonablEconomics Advice for Mother’s Day
It’s that time of year again. The rush to buy Christmas gifts is here. However, let’s not fret over finding the right gift—economics tells us it’s inefficient. Procrastinate Much? Despite the frenzy of our shopping holidays like Black Friday, consumers end up buying last minute gifts. According to several reports, around 40 percent of consumers … Continue reading The Deadweight Loss of Christmas Gifts