Theory on online dating
The difficulty of this two-sided search leads to what I call romantic unemployment, because we see this with the job market. In both cases, search is a two-part process in which both parties are considering their options. If we could see all our choices and assess them at no cost to us, everything would be easy and we'd each have the best possible match.
For both groups, there is a penalty for being picky. But when you go to this marketplace to shop, you have to spend time going through your options, or profiles.
On a dating site, lots of members mean lots of available potential matches.
Assuming the algorithm of each site you visit is good at matching members, if you're given 10 matches from a site with 100 members and 10 from a site with 10,000, bigger is better.
Learn Vest: First of all, what does online dating have to do with economics?
Oyer: I'm a labor economist, so when I found myself back on the dating scene, it became clear to me that online dating is a marketplace.
A couple on their second date chats about their political views.
This is what is called a "thick market" — one with a lot of options — and a thick market is usually more efficient.He'll swear up and down that it has been performing well — otherwise, he'll scare off investors.While disclosures may have changed after the economic collapse, there's no question people who have more to gain will say something positive.Keeping the idea of thick markets in mind, aren't small, niche sites inefficient?The thing is, you can be a generalist dater or a specialist dater.