It's a huge oversight that none of the academic articles about the deadweight loss of Christmas even mention wrapping presents.
— Justin Wolfers (@JustinWolfers) December 25, 2015
An ethical Santa would refuse to ask boys and girls about their Christmas wishes once the Amazon Prime two-day shipping deadline has passed.
— Justin Wolfers (@JustinWolfers) December 23, 2015
Conjecture: Only economists believe that it's difficult to make interpersonal welfare comparisons. Everyone else does it every day.
— Justin Wolfers (@JustinWolfers) December 9, 2015
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prior probability 