1 00:00:00,320 --> 00:00:03,000 Speaker 1: Brought to you by the reinvented two thousand twelve Camray. 2 00:00:03,240 --> 00:00:10,000 Speaker 1: It's ready. Are you welcome to Stump Mom Never Told You? 3 00:00:10,200 --> 00:00:17,439 Speaker 1: From House top works dot Com. Hello, and welcome to 4 00:00:17,440 --> 00:00:20,400 Speaker 1: the podcast. This is Molly and I'm Kristen. Kristen. This 5 00:00:20,480 --> 00:00:24,480 Speaker 1: is the podcast that's airing right before the very prominent 6 00:00:24,520 --> 00:00:29,400 Speaker 1: winter holiday Christmas. No disrespect to any other winter holidays, 7 00:00:29,440 --> 00:00:32,960 Speaker 1: because what we're about to talk about regards to any 8 00:00:33,080 --> 00:00:35,839 Speaker 1: holiday where major gift giving is involved. Yeah, and it 9 00:00:35,880 --> 00:00:39,400 Speaker 1: could even be you know, birthday or any day you'd 10 00:00:39,440 --> 00:00:41,560 Speaker 1: like to give, you know, christ And your birthday is 11 00:00:41,600 --> 00:00:44,919 Speaker 1: coming up on my birthday, yes, is two days away 12 00:00:45,000 --> 00:00:47,040 Speaker 1: from when we were recording this right now, so it's 13 00:00:47,040 --> 00:00:51,279 Speaker 1: your birthday. It's almost Christmas time, and uh, I just 14 00:00:51,320 --> 00:00:53,519 Speaker 1: want to know, you know, what did you get me 15 00:00:53,560 --> 00:00:57,760 Speaker 1: for Christmas? Let's ignore your birthday for for a while. Well, Molly, Um, 16 00:00:57,760 --> 00:01:02,640 Speaker 1: first of all, that is secret because Christmas is not 17 00:01:02,760 --> 00:01:06,920 Speaker 1: yet upon us. And if I were to tell you 18 00:01:07,000 --> 00:01:10,120 Speaker 1: what I got you, um, you know, I mean we're 19 00:01:10,120 --> 00:01:13,920 Speaker 1: recording this in um December first, not to not to 20 00:01:13,920 --> 00:01:16,920 Speaker 1: give away the podcast timeline, but it would be a 21 00:01:16,959 --> 00:01:20,560 Speaker 1: whole month that you know, what you got. I just now, no, 22 00:01:20,840 --> 00:01:24,520 Speaker 1: because I'm saving up the longer longer you can hold out. See, 23 00:01:24,560 --> 00:01:28,200 Speaker 1: I'm saving up the just the joy of being, of 24 00:01:28,240 --> 00:01:32,160 Speaker 1: giving you something, of being the giver and receiving the 25 00:01:32,200 --> 00:01:35,559 Speaker 1: intangible delight of that, just that look on your face 26 00:01:35,640 --> 00:01:39,240 Speaker 1: when you unwrap this present that I'm apparently giving you. 27 00:01:40,040 --> 00:01:45,080 Speaker 1: Um and you know, reaping the benefit of your joy. Yeah, 28 00:01:45,160 --> 00:01:47,800 Speaker 1: that leads us well into our our topic for the day, 29 00:01:48,280 --> 00:01:50,520 Speaker 1: because I think I kind of just answered it. I 30 00:01:50,560 --> 00:01:52,560 Speaker 1: think you did. But christ you haven't even told people 31 00:01:52,560 --> 00:01:55,160 Speaker 1: what the what the question you just answered is? I 32 00:01:55,240 --> 00:01:58,200 Speaker 1: know that was just me, um, dodging around this, dodging 33 00:01:58,200 --> 00:02:00,240 Speaker 1: around the ball because you didn't expect to find me 34 00:02:00,280 --> 00:02:04,760 Speaker 1: a Christmas present. Working with you every day is a present, Kristen. Um. No. 35 00:02:04,880 --> 00:02:06,720 Speaker 1: The question for the day is it better to give 36 00:02:07,240 --> 00:02:10,880 Speaker 1: than to receive? An age old phrase you'll often hear, 37 00:02:10,960 --> 00:02:13,360 Speaker 1: probably from your mother, Steph mother and mom never told 38 00:02:13,360 --> 00:02:16,560 Speaker 1: you and uh, you know, Kristen, in attempting to decide 39 00:02:16,600 --> 00:02:21,000 Speaker 1: step my demand for a present has has artfully gotten 40 00:02:21,000 --> 00:02:22,440 Speaker 1: into some of the issues that we're going to talk 41 00:02:22,440 --> 00:02:25,720 Speaker 1: about about. You know, do we give to see that 42 00:02:25,840 --> 00:02:29,000 Speaker 1: look on someone's face. Do we give because it's expected 43 00:02:29,040 --> 00:02:30,839 Speaker 1: of us? As I have now just put the ball 44 00:02:30,880 --> 00:02:34,320 Speaker 1: in Kristen's court? Um, why why do we give it all? 45 00:02:34,400 --> 00:02:38,040 Speaker 1: Why do we like giving? And you know in the 46 00:02:38,120 --> 00:02:40,200 Speaker 1: in the days before Christmas, don't you kind of just 47 00:02:40,240 --> 00:02:42,720 Speaker 1: want to say, shove it all like and you don't 48 00:02:42,720 --> 00:02:43,959 Speaker 1: want to go them all, you don't want to do 49 00:02:44,040 --> 00:02:47,400 Speaker 1: the wrapping. And it seems like the act of gift 50 00:02:47,480 --> 00:02:50,120 Speaker 1: giving sort of goes against human nature. I mean, we're 51 00:02:50,160 --> 00:02:53,080 Speaker 1: pretty selfish creatures when it comes right down to it. 52 00:02:53,400 --> 00:02:58,639 Speaker 1: So where did this whole gift giving thing come from? Because? Um, 53 00:02:58,639 --> 00:03:01,360 Speaker 1: there was an article about the spy taried Parker Pope 54 00:03:01,400 --> 00:03:04,440 Speaker 1: from the New York Times who points out that we 55 00:03:04,560 --> 00:03:07,919 Speaker 1: have been different cultures have been giving gifts in these 56 00:03:08,040 --> 00:03:11,120 Speaker 1: kind of ceremonial ways sort of the same way we 57 00:03:11,160 --> 00:03:14,720 Speaker 1: do around the holidays and with birthdays for thousands of years, 58 00:03:14,720 --> 00:03:19,120 Speaker 1: and she traces it back to um a custom called potlatch, 59 00:03:19,360 --> 00:03:24,320 Speaker 1: which is a whole community wide gift giving celebration where 60 00:03:24,440 --> 00:03:30,079 Speaker 1: households almost compete to give away the most possessions. Yeah, 61 00:03:30,080 --> 00:03:32,280 Speaker 1: if you end up poor by the end of a potlatch, 62 00:03:32,320 --> 00:03:35,360 Speaker 1: then you're going to be the most respected person after 63 00:03:35,400 --> 00:03:37,720 Speaker 1: the event, because the goal is just to give until 64 00:03:37,760 --> 00:03:42,360 Speaker 1: it hurts. And they're also evolutionary theories behind why we 65 00:03:42,560 --> 00:03:46,200 Speaker 1: would have this gift giving trait. I guess it's it's 66 00:03:46,240 --> 00:03:48,680 Speaker 1: so ingrained you could almost call it a trait um 67 00:03:48,800 --> 00:03:51,680 Speaker 1: the theory that men who are the most generous might 68 00:03:52,000 --> 00:03:55,760 Speaker 1: have the most reproductive success with women, and then women 69 00:03:55,920 --> 00:03:59,200 Speaker 1: who are the most skilled at giving such as extra 70 00:03:59,320 --> 00:04:03,400 Speaker 1: food or something some kind of clothing um, might be 71 00:04:03,440 --> 00:04:07,480 Speaker 1: the best at taking care of a family. So what 72 00:04:07,480 --> 00:04:09,600 Speaker 1: what she's saying is that maybe if a man was 73 00:04:09,640 --> 00:04:12,680 Speaker 1: watching a woman give her best friend a sweater, that 74 00:04:12,760 --> 00:04:15,240 Speaker 1: maybe subconsciously he's thinking, Oh, she's gonna be a good, 75 00:04:15,440 --> 00:04:18,800 Speaker 1: good mom. It's another way to demonstrate your value, your 76 00:04:18,880 --> 00:04:21,400 Speaker 1: productive fitness. So we talked about that with like engagement rings, 77 00:04:21,440 --> 00:04:24,760 Speaker 1: like the act of the man giving the ring sends 78 00:04:24,760 --> 00:04:27,279 Speaker 1: a signal to the community and Floman he's about to marry, 79 00:04:27,279 --> 00:04:29,640 Speaker 1: that he's making this investment in her, and it builds 80 00:04:29,680 --> 00:04:34,000 Speaker 1: that it's a tangible um representation of the social bond 81 00:04:34,320 --> 00:04:42,360 Speaker 1: between people. So we have this ingrained habit of giving gifts, 82 00:04:42,520 --> 00:04:44,320 Speaker 1: but at the same time, you know, we have to 83 00:04:44,360 --> 00:04:46,880 Speaker 1: spend money on a gift. We have to think about it. 84 00:04:46,880 --> 00:04:50,039 Speaker 1: We have to go out and get something unless you 85 00:04:50,080 --> 00:04:52,760 Speaker 1: are really crafty and you can make it yourself, or 86 00:04:52,800 --> 00:04:57,120 Speaker 1: if you're good at online shopping or which um. Whereas 87 00:04:57,120 --> 00:04:58,880 Speaker 1: if you just get the present. I mean, I'm looking 88 00:04:58,920 --> 00:05:00,080 Speaker 1: forward to my birthday in a couple of da this 89 00:05:00,200 --> 00:05:01,600 Speaker 1: is all I have to do is sit there and 90 00:05:01,680 --> 00:05:03,720 Speaker 1: have people throw presents in my face and I'll just 91 00:05:03,800 --> 00:05:06,160 Speaker 1: unwrap them. But what if you don't like them? Then 92 00:05:06,160 --> 00:05:07,960 Speaker 1: I take it back, put that cash in my pocket 93 00:05:08,320 --> 00:05:12,239 Speaker 1: and take myself to the arcade. Yeah, does not inspire 94 00:05:12,279 --> 00:05:14,360 Speaker 1: confidence in me as the potential gift giver to you 95 00:05:14,400 --> 00:05:17,080 Speaker 1: for your birthday. All right, But you know the thing is, 96 00:05:17,440 --> 00:05:20,040 Speaker 1: like you said, it's an expected thing. We do it. 97 00:05:20,040 --> 00:05:23,240 Speaker 1: It's it's ingrained in us. And uh, you know we 98 00:05:23,240 --> 00:05:25,679 Speaker 1: we value gift giving. Even if you get this gift 99 00:05:25,720 --> 00:05:27,960 Speaker 1: and you don't love it, you're still gonna be like, oh, 100 00:05:28,080 --> 00:05:30,880 Speaker 1: I respect this person. It's the thought that counts. It's 101 00:05:30,880 --> 00:05:33,320 Speaker 1: the thought that counts. And you know, we have this 102 00:05:33,640 --> 00:05:36,520 Speaker 1: impression as a society when you think again about these potlatches, 103 00:05:37,040 --> 00:05:40,080 Speaker 1: that gift giving and generosity is good. That someone who 104 00:05:40,080 --> 00:05:43,839 Speaker 1: wouldn't give a present? Is Scrooge McDuck right? That you know, 105 00:05:43,960 --> 00:05:47,040 Speaker 1: we we value gift giving, But the question is is 106 00:05:47,080 --> 00:05:49,479 Speaker 1: a better give to receive? Where is the value? Do 107 00:05:49,520 --> 00:05:53,360 Speaker 1: we value more the giving or the receiving. Now, if 108 00:05:53,360 --> 00:05:56,520 Speaker 1: you were to ask any any psychologists whether it's better 109 00:05:56,560 --> 00:06:00,800 Speaker 1: to give or receive, I'll bet you dollars donuts that 110 00:06:00,839 --> 00:06:05,320 Speaker 1: psychologist is gonna say, well, of course the giver reaps 111 00:06:05,320 --> 00:06:08,960 Speaker 1: the most benefits out of it emotionally, I mean, you know, 112 00:06:09,000 --> 00:06:12,000 Speaker 1: physical benefits the other person got the present. Yeah, let's 113 00:06:12,080 --> 00:06:15,120 Speaker 1: let's let's be honest. But there's all this work being 114 00:06:15,160 --> 00:06:19,240 Speaker 1: done on what happens to your brain, to your nervous system, 115 00:06:19,279 --> 00:06:22,440 Speaker 1: to your entire body when you give something, And as 116 00:06:22,480 --> 00:06:26,440 Speaker 1: it happens, there are quite quite a few physical effects 117 00:06:26,480 --> 00:06:30,600 Speaker 1: of giving that can perhaps lead to longer life, lead 118 00:06:30,640 --> 00:06:34,800 Speaker 1: to better health, um, and just make you happier overall. Yeah, 119 00:06:34,800 --> 00:06:37,320 Speaker 1: there's been a lot of research in recent years on 120 00:06:37,520 --> 00:06:39,920 Speaker 1: the science of happiness, and a lot of it does 121 00:06:40,000 --> 00:06:43,680 Speaker 1: come back to altruism and giving. For instance, there was 122 00:06:43,960 --> 00:06:46,760 Speaker 1: a study published in the journal Science in two thousand 123 00:06:46,839 --> 00:06:50,679 Speaker 1: eight that really studied how people responded. People at different 124 00:06:50,680 --> 00:06:56,040 Speaker 1: income levels responded to how they would then spend that money. 125 00:06:56,080 --> 00:06:59,520 Speaker 1: For instance, they got a pool of people and told 126 00:06:59,560 --> 00:07:02,080 Speaker 1: them that they we're going to get a company bonus 127 00:07:02,120 --> 00:07:06,000 Speaker 1: of anywhere from three thousand dollars to eight thousand dollars, 128 00:07:06,320 --> 00:07:08,840 Speaker 1: and then they went back and measured their happiness six 129 00:07:08,839 --> 00:07:11,800 Speaker 1: to eight weeks after getting the bonus, and also tracked 130 00:07:11,800 --> 00:07:14,680 Speaker 1: how they spent the money. And what the researchers found 131 00:07:14,960 --> 00:07:18,559 Speaker 1: was that regardless of whether you got the three thousand 132 00:07:18,560 --> 00:07:21,560 Speaker 1: dollar bonus or the maximum eight thousand dollar bonus, the 133 00:07:21,600 --> 00:07:24,560 Speaker 1: income didn't make a difference. It was overall, the people 134 00:07:24,960 --> 00:07:28,320 Speaker 1: who gave away the most, who spent the money on 135 00:07:29,440 --> 00:07:32,040 Speaker 1: more other people gave it to a charity, were the 136 00:07:32,080 --> 00:07:34,520 Speaker 1: happiest at the end of that six week period, right, 137 00:07:34,560 --> 00:07:36,040 Speaker 1: And so then they wanted to see, is it just 138 00:07:36,120 --> 00:07:39,080 Speaker 1: these large amounts of money, Uh, you know, the three thousand, 139 00:07:39,160 --> 00:07:40,880 Speaker 1: eight thousand dollar bonus, I'm sure a lot of people 140 00:07:40,960 --> 00:07:44,960 Speaker 1: sounds like something that would definitely increase happiness. Um. But 141 00:07:45,040 --> 00:07:46,640 Speaker 1: then they said, well, what if it's just you know, 142 00:07:46,760 --> 00:07:49,720 Speaker 1: between five and twenty dollars, Because they gave volunteers that 143 00:07:49,800 --> 00:07:52,280 Speaker 1: much money, and they said, you can spend this on yourself. 144 00:07:52,480 --> 00:07:55,040 Speaker 1: Or you can spend it on someone else. Now, Christen, 145 00:07:55,040 --> 00:07:56,920 Speaker 1: if someone hands you five dollars, would you go by 146 00:07:56,920 --> 00:08:00,560 Speaker 1: yourself a nice latte or did you buy me an latte? 147 00:08:01,560 --> 00:08:05,040 Speaker 1: It depends on if you're around and how much of 148 00:08:05,080 --> 00:08:07,760 Speaker 1: a caffeine boost I needed a time. That fair enough, 149 00:08:07,800 --> 00:08:09,880 Speaker 1: fair enough, But the researchers are saying that if you 150 00:08:10,000 --> 00:08:13,080 Speaker 1: bought me the latte, you'd be you'd be much happier. 151 00:08:13,120 --> 00:08:15,800 Speaker 1: And so it's from these small amounts of money, from 152 00:08:15,840 --> 00:08:18,600 Speaker 1: five dollars to up to eight thousand dollars. It's the gift. 153 00:08:18,640 --> 00:08:20,640 Speaker 1: It's not the acquisition of the money that makes the 154 00:08:20,640 --> 00:08:23,280 Speaker 1: people happy. It's the giving it away to others that 155 00:08:23,280 --> 00:08:25,240 Speaker 1: makes people happy. So they're saying, you know, if you 156 00:08:25,240 --> 00:08:27,840 Speaker 1: want to get that quick boost, five dollars to a 157 00:08:27,920 --> 00:08:30,880 Speaker 1: charity this time of year could could go a long way. 158 00:08:31,120 --> 00:08:33,480 Speaker 1: And I think that this quote from Michael Norton, who's 159 00:08:33,480 --> 00:08:37,040 Speaker 1: a professor at Harvard Business School who has uh delved 160 00:08:37,080 --> 00:08:39,640 Speaker 1: into a lot of these topics about money and happiness 161 00:08:39,640 --> 00:08:42,240 Speaker 1: and giving, sums it up well when he says, most 162 00:08:42,240 --> 00:08:44,320 Speaker 1: people would think that if you make more money, you're 163 00:08:44,320 --> 00:08:46,720 Speaker 1: gonna be a lot happier. Our results and a lot 164 00:08:46,760 --> 00:08:49,160 Speaker 1: of other people's results show that making more money does 165 00:08:49,240 --> 00:08:51,440 Speaker 1: make you a little bit happier, but it doesn't really 166 00:08:51,440 --> 00:08:54,960 Speaker 1: have a huge impact. Instead, our studies suggest that maybe 167 00:08:54,960 --> 00:08:58,520 Speaker 1: little changes in how you spend is what makes that difference, 168 00:08:58,559 --> 00:09:01,080 Speaker 1: which is kind of interesting think about. And you know, 169 00:09:01,160 --> 00:09:03,520 Speaker 1: giving to others does not have to be monetary. And 170 00:09:03,559 --> 00:09:05,400 Speaker 1: I'm going to talk now about something that was in 171 00:09:05,440 --> 00:09:08,600 Speaker 1: the Monitor on Psychology in two thousand three, and they 172 00:09:08,600 --> 00:09:11,880 Speaker 1: were reporting on a study that found that giving support 173 00:09:11,920 --> 00:09:15,319 Speaker 1: and assistance is just as important as giving money in 174 00:09:15,400 --> 00:09:19,720 Speaker 1: terms of making you happier and increasing your lifespan by 175 00:09:19,720 --> 00:09:22,679 Speaker 1: by years. And they were saying people who helped spouses 176 00:09:22,720 --> 00:09:25,480 Speaker 1: and friends and family and neighbors by doing things like 177 00:09:25,840 --> 00:09:29,719 Speaker 1: giving them rides, running errands, doing their shopping, helping with 178 00:09:29,920 --> 00:09:34,439 Speaker 1: housework or childcare, these people had physical effects on their 179 00:09:34,520 --> 00:09:37,440 Speaker 1: lifespan that the people who didn't help other people in 180 00:09:37,480 --> 00:09:40,560 Speaker 1: their lives didn't have, right, And this is from a 181 00:09:40,600 --> 00:09:45,319 Speaker 1: study where the researchers tracked around four older couples over 182 00:09:45,480 --> 00:09:50,000 Speaker 1: a five year period and they controlled for different health issues, 183 00:09:50,040 --> 00:09:53,439 Speaker 1: and those people who were doing those good deeds giving 184 00:09:53,480 --> 00:09:57,040 Speaker 1: of themselves in one way or another, were twice as 185 00:09:57,120 --> 00:10:01,160 Speaker 1: likely to survive over that five year period as the 186 00:10:01,200 --> 00:10:04,960 Speaker 1: people who weren't giving. Basically, um, they were leading healthier, 187 00:10:05,240 --> 00:10:08,760 Speaker 1: happier lives just by possibly by giving. I mean, there's 188 00:10:08,760 --> 00:10:13,080 Speaker 1: a little bit of correlation causation here, but research does 189 00:10:13,280 --> 00:10:16,160 Speaker 1: overall seem to say that giving is good for you. 190 00:10:16,400 --> 00:10:19,240 Speaker 1: So so far we've done giving to charity, giving of 191 00:10:19,440 --> 00:10:23,200 Speaker 1: services in your time. But as we pointed out, Christmas 192 00:10:23,240 --> 00:10:26,920 Speaker 1: Birthday is coming up, holidays are coming up, people are 193 00:10:26,920 --> 00:10:29,720 Speaker 1: starting to give rapped presents, and the question has to 194 00:10:29,760 --> 00:10:34,080 Speaker 1: become when you exchange a wrapped present, is it better 195 00:10:34,120 --> 00:10:36,200 Speaker 1: to give than to receive? And this is where we're 196 00:10:36,200 --> 00:10:41,559 Speaker 1: gonna turn to an interesting researcher named Joel Waldfogel now 197 00:10:41,880 --> 00:10:47,840 Speaker 1: Professor Waldfogel got a pretty bad reputation for himself. He's 198 00:10:47,840 --> 00:10:51,480 Speaker 1: a professor um of Economics at the Wharton School of 199 00:10:51,520 --> 00:10:56,760 Speaker 1: the University of Pennsylvania, and he really, he really rereffled 200 00:10:56,800 --> 00:11:00,280 Speaker 1: some feathers in when he published a paper entitled The 201 00:11:00,400 --> 00:11:06,480 Speaker 1: Deadweight Loss of Christmas, where he yeah, in which he 202 00:11:07,280 --> 00:11:12,120 Speaker 1: sized up how much people value items that they received 203 00:11:12,480 --> 00:11:16,760 Speaker 1: as gifts, and he concluded that of the value of 204 00:11:16,880 --> 00:11:21,120 Speaker 1: what someone was giving, was given, was completely destroyed just 205 00:11:21,280 --> 00:11:24,760 Speaker 1: by the process of choosing the wrong thing. And he 206 00:11:24,800 --> 00:11:27,160 Speaker 1: brings up in an example of like a red sweater 207 00:11:27,360 --> 00:11:31,000 Speaker 1: versus a blue sweater. You you know you you see 208 00:11:31,000 --> 00:11:32,880 Speaker 1: this nice sweater. You know that I'd like a sweater, 209 00:11:32,920 --> 00:11:34,959 Speaker 1: but you just go with the red instead of the blue. 210 00:11:35,040 --> 00:11:41,800 Speaker 1: I unwrapid I really hate the color red? Done right there? Destroyed. 211 00:11:41,880 --> 00:11:44,240 Speaker 1: I wasted my money the only chance of making up 212 00:11:44,240 --> 00:11:47,080 Speaker 1: that value as if it has any sentimental value to you. Yes, 213 00:11:47,240 --> 00:11:49,280 Speaker 1: whereas you know, if you had gone to the store 214 00:11:49,320 --> 00:11:52,400 Speaker 1: yourself and you bought the red sweater, even though you 215 00:11:52,440 --> 00:11:54,240 Speaker 1: really don't love the color red, but you're just out 216 00:11:54,360 --> 00:11:57,640 Speaker 1: you need an impulse by you bought it, what's vocal 217 00:11:57,800 --> 00:11:59,840 Speaker 1: saying You're still gonna like it better because you bought 218 00:11:59,840 --> 00:12:02,240 Speaker 1: it for yourself than because I bought it for you, 219 00:12:02,520 --> 00:12:06,120 Speaker 1: and it's exactly what I wanted. Yeah, because you because 220 00:12:06,120 --> 00:12:09,319 Speaker 1: you bought it yourself, even though red and blue. Again, 221 00:12:09,440 --> 00:12:11,280 Speaker 1: maybe you would have wanted the blue when you opened 222 00:12:11,280 --> 00:12:13,199 Speaker 1: the present, but when you when you got the red 223 00:12:13,200 --> 00:12:16,679 Speaker 1: for yourself, you're like a score and uh and wal 224 00:12:16,800 --> 00:12:21,880 Speaker 1: Foe studied this this phenomenon so extensively that he even 225 00:12:22,080 --> 00:12:26,120 Speaker 1: turned his research into a book called screw Genomics, Why 226 00:12:26,200 --> 00:12:28,760 Speaker 1: you Shouldn't buy presents for the Holidays, And we read 227 00:12:28,800 --> 00:12:32,120 Speaker 1: an interview with Waldfoe. Well this was taking place a 228 00:12:32,120 --> 00:12:34,720 Speaker 1: while after the book came out, and and they asked 229 00:12:34,720 --> 00:12:38,160 Speaker 1: whether or not um he gives his children presence around 230 00:12:38,240 --> 00:12:42,080 Speaker 1: the holidays, and he actually does. He's just a little 231 00:12:42,120 --> 00:12:45,520 Speaker 1: more hard headed about the whole thing. And he didn't 232 00:12:45,520 --> 00:12:47,560 Speaker 1: know that people may not want to give him presents 233 00:12:47,559 --> 00:12:50,199 Speaker 1: anymore because he's going to be looking at them being like, well, 234 00:12:50,240 --> 00:12:52,479 Speaker 1: I know she spent this much, but I have destroyed 235 00:12:53,559 --> 00:12:56,800 Speaker 1: of the value. There there goes the deadweight loss. But 236 00:12:57,080 --> 00:13:00,359 Speaker 1: it's kind of funny because after he gave the stripetation 237 00:13:00,440 --> 00:13:04,520 Speaker 1: is of being like the scrooge economist of the holidays. Uh, 238 00:13:04,559 --> 00:13:06,760 Speaker 1: he went back a while later and really looked at 239 00:13:06,760 --> 00:13:10,920 Speaker 1: that sentimental value add to presents that we give, and 240 00:13:10,960 --> 00:13:12,840 Speaker 1: he kind of come came around to this idea of 241 00:13:12,920 --> 00:13:16,679 Speaker 1: you know what, yeah, this the sentimental value can can 242 00:13:17,160 --> 00:13:19,480 Speaker 1: redeem some of that deadweight loss. And you know, I 243 00:13:19,520 --> 00:13:22,000 Speaker 1: think you can look at it from a purely utilitarian 244 00:13:22,080 --> 00:13:24,120 Speaker 1: point of view and that you know, yes, I spent 245 00:13:24,200 --> 00:13:26,240 Speaker 1: a lot of time Christen buying you that red sweater 246 00:13:26,280 --> 00:13:28,640 Speaker 1: that you don't love, and it may have some SENTI 247 00:13:28,720 --> 00:13:31,000 Speaker 1: value value. But what while Vocal is not trying to, 248 00:13:31,280 --> 00:13:33,920 Speaker 1: you know, deter me from giving you a president at all, 249 00:13:34,400 --> 00:13:37,080 Speaker 1: he just a wants me to think more carefully about it, 250 00:13:37,200 --> 00:13:39,160 Speaker 1: or be consider the fact that if I want my 251 00:13:39,200 --> 00:13:41,720 Speaker 1: gift to retain the most value, Let's say I've got 252 00:13:41,720 --> 00:13:43,360 Speaker 1: twenty five dollars to give you, and I want the 253 00:13:43,360 --> 00:13:46,080 Speaker 1: gift you worth twenty five dollars, what I really need 254 00:13:46,120 --> 00:13:47,920 Speaker 1: to do is give you cash or a gift card, 255 00:13:48,200 --> 00:13:50,880 Speaker 1: because that is the only gift that is going to 256 00:13:50,960 --> 00:13:55,400 Speaker 1: retain dollar for dollar that value. Because my dollar red 257 00:13:55,440 --> 00:13:58,800 Speaker 1: sweater only really was worth ten dollars to you. But 258 00:13:58,840 --> 00:14:00,600 Speaker 1: if I give you a twenty five a gift card 259 00:14:00,640 --> 00:14:03,160 Speaker 1: to a place that sells red sweaters, you're gonna be 260 00:14:03,200 --> 00:14:06,880 Speaker 1: able to maximize all twenty five dollars of that gift exactly. 261 00:14:07,120 --> 00:14:11,000 Speaker 1: Um And maybe that's why. According to the National Retail Federation, 262 00:14:11,600 --> 00:14:15,120 Speaker 1: gift cards are the most popular gift that Americans are 263 00:14:15,160 --> 00:14:18,199 Speaker 1: going to purchase this holiday season, and they project for 264 00:14:18,720 --> 00:14:21,520 Speaker 1: the two thousand ten holiday season, we're going to drop 265 00:14:21,800 --> 00:14:24,480 Speaker 1: an average of a hundred and forty five dollars and 266 00:14:24,560 --> 00:14:28,040 Speaker 1: sixty one cents on gift cards. And gift cards spending 267 00:14:28,240 --> 00:14:31,960 Speaker 1: is expected to reach almost twenty five billion dollars, and 268 00:14:32,000 --> 00:14:35,000 Speaker 1: I find that surprising. Even though Wallpogal recommends it, and 269 00:14:35,040 --> 00:14:37,520 Speaker 1: even though those numbers indicate that lots of people are 270 00:14:37,520 --> 00:14:40,000 Speaker 1: doing the gift card thing, I still think that people 271 00:14:40,080 --> 00:14:43,880 Speaker 1: have that kind of version to saying I wanted to 272 00:14:43,920 --> 00:14:45,920 Speaker 1: spend twenty five dollars on you. You know, it's the 273 00:14:45,960 --> 00:14:47,920 Speaker 1: same thing. Why you don't you know? I was My 274 00:14:47,960 --> 00:14:49,640 Speaker 1: mom always tell me, like, we're not giving a kid 275 00:14:49,720 --> 00:14:52,560 Speaker 1: cash on his birthday because it's so it's so tacky. Right, So, 276 00:14:52,640 --> 00:14:55,400 Speaker 1: while according to the National Retail Federation, the number one 277 00:14:55,400 --> 00:14:59,120 Speaker 1: reason people don't buy gift cards is because it does 278 00:14:59,160 --> 00:15:03,760 Speaker 1: seem to you impersonal and seems a little thoughtless, wald 279 00:15:03,840 --> 00:15:07,360 Speaker 1: focal is giving you the perfect counter argument. Is about 280 00:15:07,360 --> 00:15:09,760 Speaker 1: to say, hey, you know what, it's a recession. I'm 281 00:15:09,800 --> 00:15:15,040 Speaker 1: just maximizing my dollars for myself and for the recipient. 282 00:15:15,240 --> 00:15:17,520 Speaker 1: So so wald Focle really takes a look. I mean, 283 00:15:17,520 --> 00:15:20,640 Speaker 1: he's trying to make things equal for a giver and 284 00:15:20,720 --> 00:15:23,280 Speaker 1: a receiver. The giver is going to spend twenty five dollars, 285 00:15:23,640 --> 00:15:25,840 Speaker 1: the receiver's gonna get twenty five dollars worth the value 286 00:15:25,880 --> 00:15:28,400 Speaker 1: of it. But let's take away the money and go 287 00:15:28,480 --> 00:15:30,160 Speaker 1: back to what we were talking about earlier in terms 288 00:15:30,160 --> 00:15:33,520 Speaker 1: of just that warm glow feeling. I mean, if if 289 00:15:33,560 --> 00:15:35,560 Speaker 1: we take away the money from it, is it better? 290 00:15:35,600 --> 00:15:38,120 Speaker 1: I mean he's trying to make it equal better, equal 291 00:15:38,160 --> 00:15:40,240 Speaker 1: to give, equal to receive twenty five dollars worth of value, 292 00:15:40,280 --> 00:15:42,880 Speaker 1: can put a number on it, great, but taking away 293 00:15:42,880 --> 00:15:46,080 Speaker 1: that number and I just give you a present, you 294 00:15:46,120 --> 00:15:48,920 Speaker 1: receive it, you like it. Okay, who's coming out on 295 00:15:48,960 --> 00:15:51,400 Speaker 1: top here, Christen? Yeah, I see. Here's the thing with 296 00:15:51,520 --> 00:15:54,320 Speaker 1: this whole giving receiving and the whole question of whether 297 00:15:54,400 --> 00:15:56,600 Speaker 1: or not you know this means that, you know, maybe 298 00:15:56,760 --> 00:16:00,600 Speaker 1: humans can be completely selfless. Well, Economist seven answer for 299 00:16:00,680 --> 00:16:04,760 Speaker 1: that as well, and it's something called impure altruism or 300 00:16:04,960 --> 00:16:08,720 Speaker 1: warm glow altruism, And it's basically this idea that we 301 00:16:09,400 --> 00:16:12,520 Speaker 1: tend to give generously when we know that we are 302 00:16:12,560 --> 00:16:17,480 Speaker 1: going to receive back generously, whether it's just the the 303 00:16:17,520 --> 00:16:20,760 Speaker 1: adoration of someone you know, just thinking that you are 304 00:16:20,800 --> 00:16:23,600 Speaker 1: the most the kindest, most thoughtful person that they know, 305 00:16:24,280 --> 00:16:28,320 Speaker 1: or a tangible payback such as a tax to turn 306 00:16:28,480 --> 00:16:31,440 Speaker 1: from a charitable donation, or you know, if I know 307 00:16:31,480 --> 00:16:33,720 Speaker 1: that my birthat is coming up soon after Christen's, I'm 308 00:16:33,720 --> 00:16:36,120 Speaker 1: getting I'm getting her a good present, social felt pressure 309 00:16:36,160 --> 00:16:38,560 Speaker 1: to get me a good present exactly. So those researchers 310 00:16:38,600 --> 00:16:42,000 Speaker 1: are saying that there is no really pure good deed 311 00:16:42,120 --> 00:16:44,640 Speaker 1: that we're always giving because we've got an eye out 312 00:16:44,640 --> 00:16:47,560 Speaker 1: for number one. Is that right? Yeah? And the Freakonomics 313 00:16:47,560 --> 00:16:51,600 Speaker 1: blog on New York Times points out that with charitable giving, 314 00:16:52,320 --> 00:16:57,720 Speaker 1: Americans tend to be pretty generous, but we're especially generous 315 00:16:57,880 --> 00:17:00,840 Speaker 1: on December thirty one, which is the last day that 316 00:17:00,880 --> 00:17:04,800 Speaker 1: you can get those tax deductible donations out the door 317 00:17:04,920 --> 00:17:09,119 Speaker 1: and then reap the benefits in April. And also there 318 00:17:09,119 --> 00:17:12,680 Speaker 1: have been studies finding that um eBay items that are 319 00:17:12,720 --> 00:17:16,040 Speaker 1: marked for charity have a much better chance of selling 320 00:17:16,080 --> 00:17:18,960 Speaker 1: than items that don't. We do get this. We definitely 321 00:17:19,000 --> 00:17:22,560 Speaker 1: feed off of that idea of the warm glow altruism, 322 00:17:22,640 --> 00:17:25,480 Speaker 1: of of wanting to receive that um that warm and 323 00:17:25,520 --> 00:17:27,760 Speaker 1: fuzzy feeling back. And as long as we're gonna give, 324 00:17:28,440 --> 00:17:31,640 Speaker 1: we want we want happy fuzzies. Because they did so 325 00:17:31,640 --> 00:17:34,959 Speaker 1: so with all of this, even with the potential deadweight loss, 326 00:17:35,280 --> 00:17:37,919 Speaker 1: I would say only this all stacks up to a 327 00:17:38,040 --> 00:17:41,400 Speaker 1: confirmation that, yes, it is better to give than receive. Yeah, 328 00:17:41,400 --> 00:17:43,359 Speaker 1: And Will Fadell does point out that if we just 329 00:17:43,480 --> 00:17:45,800 Speaker 1: eliminated gift giving all together, he would prefer we do 330 00:17:45,840 --> 00:17:48,119 Speaker 1: cash and gift cards. But if we had to eliminate 331 00:17:48,600 --> 00:17:53,200 Speaker 1: all of all of those, it would have emotional repercussions 332 00:17:53,240 --> 00:17:56,480 Speaker 1: on relationships because we do thrive on that back and forth, 333 00:17:56,560 --> 00:18:00,119 Speaker 1: that acknowledgment of here's a person who is important to me. 334 00:18:00,480 --> 00:18:03,080 Speaker 1: I'm recognizing the fact that I find them important by 335 00:18:03,119 --> 00:18:05,520 Speaker 1: giving them this gift. Yeah, And it makes total sense 336 00:18:05,560 --> 00:18:08,720 Speaker 1: because we've been doing this for thousands of years. So 337 00:18:08,880 --> 00:18:11,040 Speaker 1: as you're wrapping, I hope someone out there is wrapping 338 00:18:11,080 --> 00:18:13,040 Speaker 1: presents as they listen to us. And maybe maybe you're 339 00:18:13,040 --> 00:18:15,679 Speaker 1: getting a little grumpy. Maybe I really hate when that 340 00:18:15,720 --> 00:18:18,760 Speaker 1: tape dispenser gets all all screwed up and you can't 341 00:18:18,800 --> 00:18:20,840 Speaker 1: get a nice piece of tape. If that's happening to you, 342 00:18:20,880 --> 00:18:23,600 Speaker 1: don't don't throw in the towel just yet. Just wait 343 00:18:23,640 --> 00:18:26,000 Speaker 1: for the warm glow. It's coming. Even though this season 344 00:18:26,080 --> 00:18:29,600 Speaker 1: is stressful, it's still better to go through all that 345 00:18:29,960 --> 00:18:33,399 Speaker 1: crap at the mall and uh and and reap the 346 00:18:33,400 --> 00:18:36,720 Speaker 1: emotional rewards both for yourself and your recipient. So in 347 00:18:36,760 --> 00:18:41,840 Speaker 1: the meantime we will have the gift of listener emails 348 00:18:42,160 --> 00:18:48,240 Speaker 1: to give to you. That's true, because you've given them 349 00:18:48,240 --> 00:18:50,840 Speaker 1: to us, we receive them and makes us happy now 350 00:18:50,920 --> 00:18:54,760 Speaker 1: we give them. I have one here from Melanie It's 351 00:18:54,800 --> 00:18:59,119 Speaker 1: about our Women in Scandinavia podcast, and she writes that 352 00:18:59,160 --> 00:19:01,000 Speaker 1: she lived in Sweden for two years and I have 353 00:19:01,080 --> 00:19:04,040 Speaker 1: the opportunity to travel and work all over Scandinavia. Here's 354 00:19:04,080 --> 00:19:06,639 Speaker 1: my observation about how friendly to women it is. As 355 00:19:06,720 --> 00:19:09,200 Speaker 1: you guys said, this all depends on how you quantify things. 356 00:19:09,560 --> 00:19:12,520 Speaker 1: If we're talking about possibilities and choices, the United States 357 00:19:12,520 --> 00:19:14,920 Speaker 1: comes out on top in my opinion. The high tax 358 00:19:15,000 --> 00:19:18,160 Speaker 1: is required to support the generous maternity. Paternity lead. An 359 00:19:18,160 --> 00:19:22,760 Speaker 1: extensive daycare system in Scandinavia drives the cost of everything up. Consequently, 360 00:19:22,760 --> 00:19:25,680 Speaker 1: in most Scandinavian families, both parents are forced to work 361 00:19:25,960 --> 00:19:28,119 Speaker 1: in order to sustain an average standard of a living. 362 00:19:28,960 --> 00:19:31,040 Speaker 1: There are no couples I knew in Scandinavia in which 363 00:19:31,040 --> 00:19:34,720 Speaker 1: the mother could feasibly stay home for financial reasons. However, 364 00:19:34,760 --> 00:19:36,879 Speaker 1: the United States, many of my girlfriends have chosen to 365 00:19:36,880 --> 00:19:38,600 Speaker 1: stay home with their children and are thrilled that they're 366 00:19:38,640 --> 00:19:41,560 Speaker 1: able to do this while their husband provides financial support. 367 00:19:41,880 --> 00:19:43,560 Speaker 1: So in that respect, I would say the US give 368 00:19:43,640 --> 00:19:46,560 Speaker 1: families and women more choices as far as how their 369 00:19:46,560 --> 00:19:48,879 Speaker 1: family is structured. It does not seem to me that 370 00:19:48,920 --> 00:19:51,760 Speaker 1: any country quite consciously eliminates such a big choice women 371 00:19:51,800 --> 00:19:55,199 Speaker 1: as being especially friendly to them. Pretty interesting thought to me. 372 00:19:55,480 --> 00:19:58,719 Speaker 1: It's very interesting. Well, I've got an email here from Annie, 373 00:19:58,720 --> 00:20:02,360 Speaker 1: and this is in response to our two part series 374 00:20:02,640 --> 00:20:05,439 Speaker 1: on a women's superheroes, and she writes, about a year 375 00:20:05,480 --> 00:20:08,359 Speaker 1: and a half ago, I started watching Zena Warrior Princess, 376 00:20:08,760 --> 00:20:11,119 Speaker 1: and I was shocked at what I found. After about 377 00:20:11,119 --> 00:20:12,920 Speaker 1: a season and a half of Good Can't Be Fun, 378 00:20:13,000 --> 00:20:17,280 Speaker 1: the storyline started deepening, the relationship between the two female leads, 379 00:20:17,560 --> 00:20:21,119 Speaker 1: Zena and Gabrielle deepened, and they started telling some seriously 380 00:20:21,240 --> 00:20:25,359 Speaker 1: complex tales as Zena fought for redemption. So now, even 381 00:20:25,400 --> 00:20:27,879 Speaker 1: at a quarter century, being alive and being a mostly 382 00:20:27,880 --> 00:20:30,680 Speaker 1: developed adult, I'm happy that strong women have found such 383 00:20:30,720 --> 00:20:32,840 Speaker 1: a place on television because I think It's pretty cool 384 00:20:32,880 --> 00:20:35,960 Speaker 1: that Zena of all shows, has given me two such 385 00:20:36,000 --> 00:20:38,399 Speaker 1: cool role models at this point in my life, and 386 00:20:38,400 --> 00:20:41,320 Speaker 1: it's actually led me to learn a little bit more 387 00:20:41,359 --> 00:20:44,840 Speaker 1: about my inner workings. Who knew so. Even if the 388 00:20:44,920 --> 00:20:46,600 Speaker 1: comic books are still trying to get it right, I 389 00:20:46,640 --> 00:20:50,399 Speaker 1: think female superheroes on television have been doing just fine. 390 00:20:51,040 --> 00:20:53,640 Speaker 1: So thank you Annie and to everyone else who has 391 00:20:53,720 --> 00:20:56,840 Speaker 1: written into mom Stuff. At how stuffworks dot com. You 392 00:20:56,840 --> 00:20:59,239 Speaker 1: can also head over to our Facebook page leave us 393 00:20:59,240 --> 00:21:01,639 Speaker 1: a comment there let us know what's going on. You 394 00:21:01,680 --> 00:21:05,080 Speaker 1: can also follow us on Twitter at Mom's Stuff Podcast, 395 00:21:05,520 --> 00:21:07,280 Speaker 1: and then you can read our blog during the week. 396 00:21:07,440 --> 00:21:10,320 Speaker 1: It is stuff Mom Never told You at how stuff 397 00:21:10,359 --> 00:21:16,080 Speaker 1: works dot com. For more on this and thousands of 398 00:21:16,080 --> 00:21:18,840 Speaker 1: other topics, visit how stuff works dot com to learn 399 00:21:18,880 --> 00:21:21,720 Speaker 1: more about the podcast. Clock on the podcast icon in 400 00:21:21,760 --> 00:21:24,720 Speaker 1: the upper right corner of our homepage. The how Stuff 401 00:21:24,760 --> 00:21:27,280 Speaker 1: Works I fone app has a ride. Download it today 402 00:21:27,560 --> 00:21:34,959 Speaker 1: on iTunes, brought to you by the reinvented two thousand 403 00:21:34,960 --> 00:21:37,160 Speaker 1: twelve camera. It's ready, Are you