Download this podcast. Paul, thanks so much for talking with us today. So when I go to the grocery store, if I spend a lot of time scanning the shelves, I could be doing other things. And if I want to buy a new house and I go from open house to open house, I could be doing other things. And so when we think about a place where investing and getting what you really want is particularly valuable, it seems like the market for a life partner is hard to beat.
An Economist Answers Questions About Online Dating
The Economics Of Dating: This Is Why Dating Sucks | YourTango
Either way, the book is smart, oddly practical, and written by someone with a nice sense of humor. Some of the points Oyer makes seem commonsensical at least after he explains them. Oyer calls this cheap talk and notes that this is not limited to individuals; corporations and political campaigns are also often guilty of cheap talk. Other points Oyer makes may not be things everyone wants to think about. As a result, many perfectly eligible and attractive people are single, some great potential employees are unemployed, and some really nice houses sit empty and unsold. After all, the book ends with the line: "And may all your adventures maximize your utility.
YOUR usually dedicated economics correspondent has recently been considering ditching the world of journalism to start a new app: "Economistr". Like Tinder, but for economists. Your correspondent is very excited by this idea. The world of dating is rife with inefficiency—and we all know how economists hate inefficiency. Apps that reduce congestion in the dating market by filtering out princes-not-so-charming have huge value—just look at JSwipe, which matches Jewish couples, or glutenfreesingles.
Here's what you need to know. The dating market is a matching market. But in a matching market, however, I have to really want to make the deal with you in particular, and you have to feel the same way about me. The dating pool is just one example where this is true.