ECN 340 Lecture Notes - Lecture 10: Speed Dating, Search Problem
23 Nov 2015
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Document Summary
Competition, supply and demand in the marriage market. Searching for the right spouse is similar to searching for the right employer. Speed dating is an experimental situation where there are a group of men and women and they spend 5 or 10 minutes with each member of the opposite sex and later ask one or more for a date. Fact: while women propped 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. In the marriage market there is a matching problem: who matches up with whom, and on what terms will depend on what the competition is offering.
