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Economist online dating

You want the most choice, because what you’re looking for is the best match.To find somebody who matches you really well, it’s better to have a 100 choices than 10.Editor’s Note: With Valentine’s Day right around the corner, we decided to revisit a piece Making Sen$e did on the world of online dating. Making Sen$e airs every Thursday on the PBS News Hour.Last year, economics correspondent Paul Solman and producer Lee Koromvokis spoke with labor economist Paul Oyer, author of the book “Everything I Ever Needed to Know about Economics I Learned from Online Dating.” It turns out, the dating pool isn’t that different from any other market, and a number of economic principles can readily be applied to online dating. — Kristen Doerer, Making Sen$e Paul Oyer: So I found myself back in the dating market in the fall of 2010, and since I’d last been on the market, I’d become an economist, and online dating had arisen.And so I started online dating, and immediately, as an economist, I saw this was a market like so many others.The parallels between the dating market and the labor market are so overwhelming, I couldn’t help but notice that there was so much economics going on in the process.

You have to read profiles, and you have to take the time to go to singles bars if that’s the way you’re going to try to find somebody.Paul Solman: Just listening to you right now, I was wondering if that was an example of Akerlof’s “market for lemons” problem. Statistical discrimination is always closely related to adverse selection, or the so-called Akerlof’s lemons problem.There are many other examples in online dating where that idea applies as well, and the nice thing about being separated is, while that signals you might be a lemon, unlike many other signals, this one passes with time.People made the assumption back in the 1990s when online dating started that anybody who went to an online dating site was a loser who could not meet people the old-fashioned way.And only over time, as it became so obvious that the efficiencies of meeting people online were so overwhelming, did that stigma slowly break down, and the non-losers began to come onto online dating sites, and the assumptions people made that you were a loser if you were an online dating site began to go away.Paul Solman: I want to quote a line from Bob Frank’s 1988 book, “Passions Within Reason.” He writes, “People who have participated in dating services are indeed easier to meet, just as the advertisements say, but signaling theory says that, on the average, they are less worth meeting.” Paul Oyer: The online dating market had a hard time getting up and going.It had a hard time getting critical mass, because there was an adverse selection problem initially.So naively just saying, “Hey, I’m ready for a new relationship,” or whatever I wrote in my profile, I got a lot of notices from women saying things like, “You look like the type of person I would like to date, but I don’t date people until they’re further away from their past relationship.” So that’s one mistake.If it had dragged on for years and years, it would have gotten really tiresome.If employers go out and look for employees, they have to spend time and money looking for the right person, and employees have to print their resume, go to interviews and so forth.You don’t just automatically make the match you’re looking for.

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  1. Everything I Ever Needed to Know about Economics I Learned from Online Dating Paul Oyer on *FREE* shipping on qualifying offers. Conquering the dating market—from an economist's point of view After more than twenty years.

  2. Using the ideas that are central to how markets and economics and dating work, Oyer shows how you can apply these ideas to take advantage of the economics in everyday life, all around you, all the time. For all online daters — and for anyone else swimming in the vast sea of the information economy — this book uses.

  3. Feb 12, 2014. When economist Paul Oyer returned to the world of dating, he started logging on to match-making websites. As he explains in a new book, he discovered that his academic expertise was entirely relevant to his foray into online dating.

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