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21 sats \ 4 replies \ @jimmysong 5h \ on: MONEY CLASS OF THE DAY: Christmas Gifts Are Inefficient econ
We don't act like that because we're not homo economicus, but people with relationships, emotions, goals and dreams.
Also, Asian cultures just give money a lot of the time. It's a lot like dating people are hoping to get a good deal (paying $50 for a gift that the recipient will value at more than $50, or getting someone slightly higher value on the dating market), but most of the time it's a futile exercise and everyone loses.
paying 50 bucks for a date sounds like only fans or twitch
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Think Jimmy is making an analogy, that giving $50 is like dating (ie, hoping to get ahead)
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my feeble attempt at humor
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seeking higher value in the dating market is hypergamy or de facto eugenics
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