Gift-giving can be explained through asymmetric information and signalling.

Name: Gift-giving can be explained through asymmetric information and signalling.
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Question

Quizplus · Accepted Answer

Gift-giving involves the giver sending a signal through the gift to the receiver to convey their level of affection, appreciation, or other sentiments. This can be seen as a form of signalling in which the sender has more information about their feelings towards the receiver than the receiver does.

Gift-Giving Can Be Explained Through Asymmetric Information and Signalling