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Understanding Economics Using Dating

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.

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Understanding Economics Using Dating

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  1. Understanding Economics Using Dating 7th Annual Economics Teaching Conference

  2. 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

  3. 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 e-mail.

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

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

  6. Optimal Consumer Behavior • Utility • Prices

  7. Game Theory

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