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Posted by / 28-Aug-2017 07:15

Economic theory dating

You don’t want to marry the first person you meet, but you also don’t want to wait too long.

This can be a serious dilemma, especially for people with perfectionist tendencies.

Settle down early, and you might forgo the chance of a more perfect match later on.

Wait too long to commit, and all the good ones might be gone.

Bumble’s unique feature is that only women can make the first move (that is, send the first message).

The executives at the apps themselves tend to see the problem as one of gender dynamics; their innovations are intended to tackle the unhappy experiences that too many women report.Kang reports that American dating apps traditionally had a ratio of roughly 60% men to 40% women, “which doesn’t sound that extreme, but if you actually take into account activity level – guys are twice as active as women – the gender ratio becomes even more lopsided; in the active user base it’s more like .” This kind of skewed ratio can have huge effects on users’ incentives; as Tim Harford, an economist, has written, even a slight imbalance in a market radically shifts power away from the over-represented group, as they are forced to compete hard or remain single.One way to view the problem is as a tragedy of the commons, where users acting in their (narrow) self-interest over-exploit a shared resource and therefore harm the common good, ultimately harming themselves.For example, after a match is made, women only have 24 hours to start chatting or else the match disappears.Any worries that responding too quickly will signal over-enthusiasm are allayed because it’s common knowledge that the app leaves no choice.

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