BFM 89.9

Podcast  >  Evening Edition  >  Evening Edition  >  Are Christmas Presents A Waste of Money?

Are Christmas Presents A Waste of Money?

Diego Zuluaga, Institute of Economic Affairs

22-Dec-17 19:00

Are Christmas Presents A Waste of Money?

As we near Christmas day, we're bound to receive bad gifts. When this happens, we value the gift less than it's actually worth. For example, that T-shirt (that you're never going to wear) may cost RM50 but you think it's only worth RM20. An economist named Joel Waldfogel calls this the "deadweight loss of Christmas". To counter this inefficiency, he thinks we should start giving cash as presents. We speak to economist Diego Zuluaga to get his take on whether giving cash is a good idea. He also gives us some tips on how we can be better at buying gifts.

Produced by: Kelvin Yee

Presented by: Kelvin Yee

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.


Tags:  Evening EditionChristmasGiftsPresents

Share this podcast

Play / Pause

Listen now : BFM 89.9 -- The Business Station

Today’s Shows

10:00 AM

Pick of the Pops (REPEAT)

Epi469 - Hits From The 60s to 80s

12:00 PM

Bar None (REPEAT)

1:00 PM

Ringgit & Sense (REPEAT)

Ensuring Financial Resilience With PIDM; Rafiz Azuan Abdullah, CEO, Perbadanan Insurans Deposit Malaysia (PIDM)

1:30 PM

The Property Show (REPEAT)

Getting The Tenancy Agreement Right; Datuk Ringo Low, Ringo Low & Associates

2:00 PM

Cruise Control (REPEAT)

Discussion - What To Expect from the Innova Zenix; Daniel Fernandez, Managing Editor,

3:00 PM

By the Book (REPEAT)

By the Book: Book Club November 2022 - Slaughterhouse

4:00 PM

The Bigger Picture (REPEAT)

Anwar Ibrahim - Student Activist, Prisoner, Prime Minister; Dr Bridget Welsh, Honorary Research Associate, University of Nottingham Malaysia’s Asia Research Institute

5:00 PM

TED Radio Hour

6:00 PM

Earth Matters (REPEAT)

COP27 - Did it Deliver for People and Planet?; Meenakshi Raman, President, Sahabat Alam Malaysia

6:30 PM

Earth Matters (REPEAT)

Macaranga Wrap-up: November 2022; Law Yao Hua, Co-founder, Macaranga | Wong Siew-Lyn, Co-founder, Macaranga

7:00 PM

Back To Back (REPEAT)

8:00 PM

Track By Track (REPEAT)

9:00 PM

The Selector