Special Gift Delivery

 

Cam and Mitch have decided to get Jay and Gloria a special gift off registry for their new baby’s nursery. Mitch seems concerned that they will not appreciate it.

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Phil Buys an Alpaca

 

Phil has to decide whether to leave his own firm and start his own with two old co-workers, but he only has a limited amount of time to decide. He remembers that he is not good under pressure by recalling a time that he bought an alpaca because it was the last one and he panicked.

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Expiring Spa Certificate

 

Phil finds gift certificates to a spa that he and Claire had won in a charity auction in a drawer, but they expire today. He wants Claire to use them because otherwise their money just goes to charity, but Claire doesn’t know how she will. Phil is falling victim to the sunk cost fallacy, while Claire is thinking in terms of the additional costs and benefits of using the certificates.

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Ugly Christmas Sweaters

 

The Dunphy’s call Phil’s parents in the sweaters they were given as gifts. The call goes awry when Claire sees what looks like a cigarette burn in the sofa. In her anger she calls the sweaters ugly while still on the phone with Phil’s dad.

Summer Journal

 

Luke was supposed to keep a journal all summer, but when school starts again, he realizes he only did one day. Luke’s focus on the present (at the beginning of the summer) imposes large negative externalities on his back when it’s time to turn in the work later in the summer.

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Earrings vs an Exercise Equipment

 

Cam gives his mother in-law a pair of diamond earrings, but she reciprocated by giving him exercise equipment and salad drier. Cam doesn’t appear to think that the two gifts were of equal value, which shows how gift giving can be considered inefficient.

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A Terrible Gift

 

Cam and Mitch go on vacation and bring Jay illness and a cheesy gift. The gift is so bad that Jay considers the illness a better gift.

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Time Will Tell

 

It’s time for Jay and Gloria to exchange gifts and Jay is anxious about his gift from his wife. He struggles finding the right gift because it always seems like a competition. If the two didn’t exchange gifts then the extra psychic costs wouldn’t exist. It turns out that Gloria actually really loves Jay’s gift, but Jay really wanted that watch.

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