Christmas wealth management – or why you should think twice before buying expensive gifts
Wednesday, December 02, 2009 | Posted by: Fiona Cullinan
Categories:
Personal
| Tags: wealth management,
Christmas,
gifts,
Tim Harford,
economics,
Joel Waldfogel,
deadweight loss,
presents
With the Christmas shopping season in full swing, is it worth you shelling out big money on expensive gifts this Christmas? Recently, the FT’s Undercover Economist, Tim Harford, gave a talk at London’s Cass Business School in which he explained the economics of happiness, dating and Christmas. And when it came to analysing the contents of Santa’s sack, he revealed that the old adage is true: it really is the thought that counts…
