Mistakes(?) in Household Decision-Making

Taha Choukhmane, Lucas Goodman, Cormac O’Dea. 2025. “Efficiency in Household Decision-Making: Evidence from the Retirement Savings of US Couples.” American Economic Review 115(5): 1485-1519. [Copyright American Economic Association; reproduced with permission of the American Economic Review] https://www.aeaweb.org/articles?id=10... Authors’ websites: https://tahachoukhmane.com/ https://sites.google.com/view/lucas-g... https://sites.google.com/view/lucas-g... Economic models commonly assume that households behave as an efficient decision-making unit, even when they are formed of multiple people with their own objectives and motivations. This paper tests that assumption. About this channel: econimate® is a YouTube channel aimed at making economics research accessible and engaging. What questions do economists ask, how do they answer them, and how does this research help explain the world around us? http://www.econimate.com/ Created by Hoai-Luu Nguyen Video uses “WritingMarker” by fastson licensed under https://creativecommons.org/licenses/...