Image Paul Oyer Amy Harrity. When I set up my dating profile, I was upfront about my teenage children and my sweet but impish golden retriever. I admit it. I left out details — and lied. What led me to be honest on some parts of my profile and not others? We can find the answer in a branch of game theory known as cheap talk.
The Economics of Online Dating
What You Don't Know About Online Dating (Ep. ) - Freakonomics Freakonomics
One in three marriages in the United States now starts with a virtual connection , and algorithms have supplanted traditional dating and matchmaking agencies. In the quest for a future partner almost everyone covets a profile that is more attractive than his or her own, and as a result, a significant number of prospective daters never get a response. Economic analysis once framed a theory to explain marriage, but the boom in dating sites has baffled many econometricians. At first glance, it seems as if there is no dating equivalent to Google or Amazon with a stranglehold on the market. Having several in its portfolio helps a firm broaden its customer base, catering for specific interests without losing consumers who flit from one platform to the next. So in addition to the standard worries about a monopoly being able to push up prices, there is the fear of poor-quality service. The classic business model for dating platforms entails netting customers with a free, no-frills deal and then converting them to a more comprehensive, paid contract.
What You Don’t Know About Online Dating (Ep. 154)
They did, and today Yellen was back on Capitol Hill to say thanks. Both say aggressive spending by Congress is giving a boost to the economy, though they both cautioned the recovery is still far from complete. NPR's Scott Horsley joins us now with the details.
There is positive news today about the U. Unemployment claims last week fell to their lowest level since the pandemic took hold in the U. Now, applications for jobless benefits are still high by historical standards.