Households in  2016 (PDF) (Washington: Board of Governors, May 2017). 16 Id. 17 See, e.g., Krista Tippett, On Being, radio interview with Daniel Kahneman, October 5, 2017. (“... is actually  completely not possible for a finite human mind to be rational or to obey the axioms of rationality. You’d have to know too much . . .
[T]he cognitive rules are, to a large extent, simplifying rules. They are shortcuts.”) 18 See, e.g., David Laibson, Andrea Repetto, and Jeremy Tobacman, “ Estimating Discount Functions with  Consumption Choices over the Lifecycle (PDF),” National Bureau of Economic Research Working Paper 13314 (Cambridge, Mass. : NBER, August 2007).