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Paul Bloom on Psych, Psychology, and the Human Mind
EconTalk
Is Giving Gifts Irrational?
The purpose of a gift isn't to transfer resources, it's often to show people how much you care and how much you love them. The counterpoint is registering for a wedding. It's sort of a tasteful way of letting people give cash, but pretending that they're giving a gift. And of course, newlyweds desperately need cash. They don't need the seventh crockpot.
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