Word: buys
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Dates: during 2000-2009
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...such as a willingness to take risks, or worrying about what others think - affect our choices. De Marchi and Hamilton talked to TIME about their model, what it can predict and why anyone would ever want to drive a Prius. (See TIME's photo-essay "Those Things Money Can Buy...
What can you tell about someone who drives a Prius? De Marchi: Prius drivers get a big kick out of their car's altruism, but they also smile because they've joined an ideological team. In a way, it is fundamentally irrational to buy a Prius. If you want to save the environment, you can buy a Honda Civic or another car that's almost as fuel efficient and way cheaper. With the money you save you can buy a chunk of the rain forest or carbon credits. You don't buy a Prius because you want...
Read "Shoptimism: Why We Buy Things...
Starting to think about holiday gifts? Stop! Joel Waldfogel, author of Scroogenomics: Why You Shouldn't Buy Presents for the Holidays (Princeton), is convinced that giving Christmas and Hanukkah presents is bad economic policy. And as the chair of business and public policy at the University of Pennsylvania's Wharton School, he's no economic novice. TIME senior reporter Andrea Sachs, who is still hoping to get a few gifts this season (hint, hint), spoke with Waldfogel about his new book. (See pictures of retailers that have gone out of business...
...billion and $17.9 billion in the Asia-Pacific region. In North America and Latin America, store owners and employees were the leading pilferers; in Europe, Asia and the Middle East, it was customers who were swiping the most loot. (See pictures of expensive things that money can buy...