Understanding Economics Using Dating 7 th Annual Economics Teaching Conference.

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Presentation transcript:

Understanding Economics Using Dating 7 th Annual Economics Teaching Conference

Dating Statistics – mymatchdoctor.com 95% of people marry 44% of Adult Americans are Single (100 million people) There are 86 unmarried men for every 100 unmarried women. –Paradise, NV: 118 unmarried men for every 100 unmarried women. NYC: 50% unmarried; DC: 70% unmarried ID: 60% married; UT: 59% married

Dating Statistics (cont.) 40 million Americans use online dating services (40% of pool). Online picture profiles had 15x response rate. Men take 15 minutes to decide for second date; Women take an hour or so. Money is the #1 disagreement 48% of online daters breakup using .

Match.com Survey 38% Work or school 27% Family or friend 17% Online dating site 8% Bars & clubs 4% Church

Examples in the Literature Social Forces (Colander) Uncertainty (Anderson) Marital income (Anderson) Prices & price floors (Anderson) More Sex is Safer Sex (Landsburg)

Optimal Consumer Behavior Utility Prices

Game Theory Jamie Kiss Dont Kiss You Kiss 2, 35, 2 Dont Kiss 5, 41, 3