Ask the Economist

Economics is the science of decision-making.

Every decision is an economic decision.

In this weekly column, readers ask their most private questions and get advice from an economics perspective.

Q. Dear Economist,

Should I send flowers to myself? I am not crazy.

– Michelle

A. Dear Michelle,

The noticeable action of receiving flowers tells me there must be someone who you hope will notice when the delivery arrives. Is the other person your alter-ego, arch-nemesis or secret crush? Why are you letting this person have so much influence on you? Are you hoping for a particular reaction from them?  

Don’t pay extra for delivery. Consider instead, buying a nice bouquet, bring it over to a friend and have a visit with them.

Q.  Dear Economist,

I was buying a pair of buds and one package had a pink ribbon on it while an identical pair didn’t have a pink ribbon. What’s up with that?

– Susan

A. Dear Susan,

The pink ribbon is ambiguous and has been used by devious merchandisers who differentiate their product by misrepresenting their part in the fight against breast cancer.

You could read the fine print but it might not offer any clarity. I suggest separating your philanthropy and your shopping behavior.  

For a great analysis of charities go to www.charitynavigator.org, where every charity is graded on effectiveness and transparency. Thank you for supporting non-profits.

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Need Advice? Write to Ask the Economist at estenardhudsonian@gmail.com. You might see your question answered in the Hudsonian!