Professor Eric Helland of Claremont McKenna College posed an interesting puzzle during today’s Law & Economics Institute: Why do most brides buy expensive wedding dresses while most grooms most rent tuxedos?
What do you think?
Now, let me ask you a second-order question: Is your answer based on economics, gender preferences, or “culture”? That is, is your answer testable or falsifiable?
FYI, for an economic approach to this question, see here.