book question

profilerainy0007
spousonomics_1-6.docx

Study Guide for Spousonomics

Intro

The two types of work the author say apply to relationships: Administrative work, Emotional work

Chapter 1

Adam Smith and The Wealth of Nations and Specialization and Division of Labor

David Ricardo and Comparative Advantage

Keeping score

Consumption complimentaries

Market failure

Pareto Efficiency

Incentive Compatibility

Chapter 2

Loss Aversion

Compounding losses

Endowment Effect

Status Quo Bias

Passive Decision Making

Limerence

Chapter 3

Supply and Demand

Market noise

Opaque Markets

Transparency

Rational Addiction

Coordination Failure

Signaling

Chapter 4

Moral Hazard

Getting Invested

Perverse Incentive

Chapter 5

Pro-social motivation

Nagging verses Trusting

Tit for Tat

Chapter 6

Opportunity costs

Decision making biases

Thinking at the Margin

Sunk Costs

Inequity Aversion