I understand that we fill potato chips bag with nitrogen to prevent oxidation. But why do we use nitrogen, instead of neon or hydrogen or something else?
My first guess is that nitrogen is lighter than neon/argon but what about hydrogen or helium?

As Nilay Ghosh said, nitrogen is cheap. Very cheap. Neon is expensive. Argon is cheaper than neon, but considerably more expensive than nitrogen. Helium is also expensive and needs to be used wisely, for important things, e.g., cryogenics. And hydrogen! I can just see the ads: “Buy our chips: they are lighter than air! But avoid open flames and sparks unless you want to be Hindenburged to a crisp (no pun intended)”
Another fill gas to avoid is sulfur hexafluoride. A tennis ball manufacturer once decided to fill tennis balls with sulfur hexafluoride, assuming this would prevent the balls from going flat as a consequence of the high molar mass of sulfur hexafluoride. But the tennis balls exploded on the shelves because air diffused in.
Thankfully, no one has ever tried using nitrous oxide as the fill gas in potato chip bags!
