During the holiday season, our gift giving might have less value than we expect because recipients engage in preference falsification.
An Economist’s Gift Giving Dilemma
After an economist long ago told us that gift giving adds less to economic activity than the price of the present, a pro-gift giving group disagreed.
What We Might Not Want to Know About Gift Giving
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.