There is some debate among economists about Christmas presents. They might be inefficient: if I don’t know what you want without asking you, perhaps I should just give you cash? Alternatively, gifts might be even more efficient than just giving money: spending time and effort selecting a gift can show how much time and effort you’ve put in, and therefore how much you care about someone (even if you don’t get it quite right).
But what about another holiday tradition – Secret Santa?
In ….read more