ECN 340 Lecture Notes - Lecture 7: Holding Hands, Decision Rule, Gonorrhea
10 Nov 2015
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Document Summary
Sexual drive is a major want for humans, there"s good reason for why this occurs. Sex is simply another service that is wanted and supplied; pornography is a service. Sex as a service: holding hands, kissing, touching, intercourse. Different sexual practices: nothing immoral, its a matter of taste. Intensity: intensity of the experience makes it appealing. Willing to pay a higher cost to experience sex compared to sandwich. Food, alcohol and sex have all been shown to release dopamine in the same region of the brain. A higher utility from a sandwich depends on timing (starving person will choose food) Law of demand: as price of sex rises, quantity demanded falls. Rational individual consumes up to the marginal benefit=marginal cost of other goods. Both men and women demand more units of sex as price drops. Generally sex is more costly for women (pregnancy), men can father hundreds. Women use their high cost reproductive resources more care then men.
