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Spousonomics

Spousonomics

Using Economics to Master Love, Marriage, and Dirty Dishes
by Paula Szuchman 2011 335 pages
3.70
1k+ ratings
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Key Takeaways

1. Divide and Conquer: Specialization Maximizes Marital Efficiency

The magic of comparative advantage is that everyone has a comparative advantage at producing something.

Comparative Advantage. Just like countries benefit from specializing in what they do best, couples thrive when they divide household labor based on comparative advantage. This means focusing on tasks you're relatively better at, even if you're good at everything.

  • Instead of splitting chores 50/50, identify each partner's strengths and preferences.
  • Trading time and tasks can lead to greater overall satisfaction.
  • For example, if one partner enjoys cooking and the other hates it, it makes sense for the cooking-inclined partner to take on that role.

Beyond Traditional Roles. Comparative advantage isn't about reverting to traditional gender roles. It's about recognizing individual skills and interests. A husband might be better at laundry, while a wife excels at yard work. The key is to be flexible and adapt as skills and preferences evolve.

Pareto Efficiency. Aim for Pareto efficiency, where no one can be made better off without making someone else worse off. This means finding solutions that improve at least one partner's well-being without negatively impacting the other. Open communication and a willingness to experiment are essential for achieving this balance.

2. Loss Aversion: The Enemy of Compromise, the Friend of Going to Bed Angry

Losing hurts precisely twice as much as winning thrills.

The Power of "No." Loss aversion, the tendency to feel the pain of a loss more strongly than the pleasure of an equivalent gain, can sabotage marital harmony. Couples often stay up all night arguing, not because they are close to a resolution, but because they are loss-averse.

Time-Outs. To combat loss aversion, implement a "twenty-four-hour rule." When a conflict arises, take a break before reacting. This allows emotions to cool and prevents rash decisions fueled by the fear of losing an argument.

Reframing. Reframe situations to focus on potential gains rather than perceived losses. Instead of viewing compromise as giving up something, see it as gaining a more peaceful and harmonious relationship. This shift in perspective can make compromise less threatening and more appealing.

3. Sexonomics: Lower the Cost, Increase the Demand

There is a feedback relationship in most couples between happiness and having sex, happy couples have more sex, and the more sex a couple has, the happier they report being.

The Law of Desire. Applying basic economic principles to your sex life can reignite the spark. The negative sloping demand curve illustrates that as the "cost" of sex increases (e.g., exhaustion, stress), the "quantity demanded" decreases.

Transparency. Open communication is key to lowering the cost of sex. Clearly communicate your desires and preferences to your partner. This eliminates guesswork and reduces the risk of awkwardness or rejection.

Habit Reset. Resetting habits can also lower the cost. Make sex a priority by scheduling it, even if it feels unromantic. Over time, this can re-establish a positive feedback loop, making sex more frequent and enjoyable.

4. Moral Hazard: The Peril of Taking Your Marriage for Granted

When you are threatened with extinction, you act like nothing matters.

The Safety Net. Moral hazard, the tendency to take greater risks when protected from the consequences, can creep into marriages. When couples become too comfortable, they may start taking each other for granted, leading to complacency and neglect.

Investment. To combat moral hazard, foster a sense of investment in the relationship. This can involve actively working on the marriage, pursuing shared goals, and showing appreciation for each other.

Accountability. Create accountability by setting clear expectations and consequences. This doesn't mean turning your marriage into a business transaction, but rather ensuring that both partners are actively contributing to the relationship's well-being.

5. Incentives: The Carrot and Stick Approach to Marital Harmony

When you are threatened with extinction, you act like nothing matters.

The Power of Motivation. Incentives, both positive and negative, can be powerful tools for shaping behavior in marriage. Offering rewards for desired actions and consequences for undesirable ones can encourage positive change.

Thoughtful Gestures. However, incentives must be carefully designed to avoid unintended consequences. Material rewards can be effective in the short term, but thoughtful gestures and genuine appreciation often have a more lasting impact.

Trust. Trust is a powerful incentive. Creating a system where each person knows that the other will get the job done because he or she actually cares about the results. In this case, caring about the results is the only incentive that works.

6. Trade-Offs: The Art of Getting Over It and Moving On

The significant carriers of utility are not states of wealth or welfare, but changes relative to a neutral reference point.

The Inevitable. Trade-offs are an unavoidable part of marriage. Every decision involves giving up something to gain something else. The key is to make smart choices that maximize overall happiness and well-being.

Opportunity Costs. When evaluating trade-offs, consider opportunity costs, the value of the next best alternative. This means weighing not only the direct costs and benefits of a decision but also what you're giving up by choosing that path.

Decision-Making Biases. Be aware of decision-making biases, such as loss aversion and the endowment effect, which can cloud your judgment. By recognizing these biases, you can make more rational and informed decisions.

7. Asymmetric Information: The Danger of Keeping Secrets

At the heart of intimacy is self-disclosure.

The Lemon Problem. Asymmetric information, where one partner has more knowledge than the other, can create distrust and inefficiency in a marriage. This is similar to the "lemon problem" in the used car market, where sellers know more about the car's flaws than buyers.

Transparency. To combat asymmetric information, prioritize transparency and open communication. Share your thoughts, feelings, and concerns with your partner, even when it's difficult.

Signaling. Use signals to convey information and build trust. This can involve both verbal and nonverbal cues, such as expressing appreciation, offering support, and actively listening.

8. Game Theory: Strategizing for a Blissful Union

When you are threatened with extinction, you act like nothing matters.

Strategic Thinking. Game theory provides a framework for analyzing strategic interactions in marriage. It emphasizes the importance of considering your partner's perspective and anticipating their moves.

Cooperation. While noncooperative strategies may be tempting, cooperative strategies often lead to better long-term outcomes. This means finding solutions that benefit both partners, even if it requires compromise.

Strategic Polarization. Be aware of strategic polarization, where minor differences can escalate into entrenched positions. To avoid this, focus on finding common ground and building trust.

9. Bubbles: Making the Good Times Last, Avoiding the Inevitable Bust

The significant carriers of utility are not states of wealth or welfare, but changes relative to a neutral reference point.

The Illusion of Perfection. Marriage bubbles occur when couples become overconfident and complacent, taking their relationship for granted. This can lead to neglect and a failure to prepare for inevitable challenges.

Creative Destruction. To avoid bubbles, embrace creative destruction, the process of adapting and reinventing the relationship in the face of change. This can involve re-evaluating roles, setting new goals, and trying new things.

Couples Confidence Index. Develop a "Couples' Confidence Index" to track key indicators of marital health. This can help you identify potential problems early on and take corrective action before they escalate.

Last updated:

Review Summary

3.70 out of 5
Average of 1k+ ratings from Goodreads and Amazon.

Spousonomics applies economic principles to marriage, offering practical advice for common relationship issues. Readers appreciate its humor and logical approach, finding it refreshing compared to traditional self-help books. Many found the economic analogies insightful, though some felt they were forced or oversimplified. The book's focus on upper-middle-class couples and occasional gender stereotypes drew criticism. While some readers praised its actionable tips, others felt it lacked depth or promoted a transactional view of relationships. Overall, opinions were mixed, with some finding it enlightening and others disappointing.

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About the Author

Paula Szuchman is an American author and journalist. She co-wrote Spousonomics with Jenny Anderson, applying economic principles to marriage and relationships. Szuchman has worked as an editor for various publications, including The Wall Street Journal and New York Magazine. Her writing often focuses on personal finance, economics, and relationships. While specific details about her personal life are limited in the given information, her professional background in economics and journalism likely influenced the unique approach taken in Spousonomics. The book's blend of economic theory and relationship advice reflects Szuchman's expertise in both fields.

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