ECN 340 Lecture Notes - Lecture 3: Cappuccino, The Marriage Market, Technological Change
27 Jan 2017
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Document Summary
Searching for a mate: the hidden logic that underlies love. This chapter looks at competition, supply, and demand in the marriage market. Searching for the right spouse is similar to searching for the right employer/employee. Speed dating is an experimental situation where there are a group of men and women and they spend 5 to 10 minutes with each member of the opposite sex and later ask one (or more) for a date. Fact: while women proposed a match with about 1 in 10 of the men they met, men were a bit less choosy and proposed a match with twice as many women, with about half the success rate. Individuals choose from the group with which they are presented: example, men prefer women who are not overweight. But if on a particular evening twice as many overweight women as usual show up, twice as many overweight women receive offers a date.
