White elephant gift exchange at team lunch. Found research paper, but disappointed that “we do not address the question of whether or not this is a good mechanism to fairly distribute the gifts. Rather, we analyze the game from the participants perspective, and investigate best response — given the gift exchange mechanism, how best should a utility maximizing partygoer behave?”

“Christmas Gift Exchange Games” | Arpita Ghosh and Mohammad Mahdian (Yahoo! Research) | Lecture Notes in Computer Science, 2010, pp. 228-236, http://dx.doi.org/10.1007/978-3-642-13122-6_23