On last night’s episode of The Big Bang Theory, three of the main characters had the following conversation after one of them got off the phone with his new girlfriend.
Raj: Dude, I’m glad you finally go a girlfriend, but do you have to do all that lubby dubby stuff in front of those who don’t?
Sheldon: Actually, he might have to. There’s an economic concept known as a positional good in which an object is only valued by the possessor because it’s not possessed by others. The term was coined in 1976 by economist Fred Hirsch to replace the more colloquial but less precise neener neener.
With Valentine’s Day just around the corner, there’s nothing like applying an economic principle in order to make your single friends jealous. Who says nerds aren’t romantic?