Stumbling and Mumbling

Gift vouchers, & mispredicting markets

chris dillow
Publish date: Wed, 11 Dec 2013, 01:51 PM
chris dillow
0 2,773
An extremist, not a fanatic
Tim Harford draws our attention to the limitations of conventional economics. He says that gift vouchers are "awful currencies" and that economists can only scratch their heads at why people prefer to give and receive them rather than cash. Strictly...
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