Numerous psychological studies have demonstrated what is known as the “endowment effect,” in which people tend to value things they own more highly than those they do not. For instance, someone may be willing to pay no more than 50¢ for a pencil; once they have a pencil, though, they might be unwilling to sell it for any less than $1. Human beings exhibit a strong proclivity to overvalue the things we believe are ours and undervalue those belonging to others.
As we celebrate Christ’s birth this month, many of us will exchange presents with our friends and family to show our love and affection. In part, we’re following the example of the gifts given to celebrate the birth of Jesus. Matthew’s Gospel records the arrival of the gift-bearing Magi: “After Jesus was born in Bethlehem in Judea, during the time of King Herod, Magi from the east came to Jerusalem and asked, “‘Where is the one who has been born king of the Jews? We saw his star when it rose and have come to worship him’” (2:1–2).
Did you know that the Moody Radio network plays Christ-centered Christmas music 24 hours a day during December? To listen, download the Moody Radio app, or go to moodyradio.org. Christ-centered music helps focus our hearts and minds on the reason for this season. We asked some of our Today in the Word team to tell us about their favorite Christmas carols.