Economics of dating relationships Live couple chat free
In other words, I will prefer the Mac Book Pro, but I am indifferent between the Toshiba and Dell (because they are nearly “perfect substitutes,” another piece of economics jargon).
Understand that this is a very imprecise and superficial discussion of substitute goods.
If I am attracted to you or you to me, it is only because of what we see, hear, and smell. But you cannot profess to personify me, nor I you, just yet. Your judgment is limited to (realistically) three of your five senses. (Alternatively stated, our “uniqueness” largely derives from our personalities, personal histories, etc.
Again, these are things that you literally initially cannot know about your other partner and vice-versa.) This should not be too controversial an assumption.
But, really, is a blue-eyed, brown-haired, barrel-chested man so different from a green-eyed, brown-haired, barrel-chested man who is so different from a blue-eyed, blonde-haired, medium-chested man? Coming to terms with just how unremarkable we are physically and superficially implies two things relevant to the economic analysis of dating and relationships. Though the idiom is cliché, the logic behind it makes economic sense, especially if you check your ego and realize that you are not anywhere so unique that there is no substitute for you. Two, if you or your potential partner is ultimately substitutable, then there is elasticity to consider in going after the potential partner you want. Though this will be elaborated upon more fully in a later post, it does not take ridiculous economic jargon to realize that you should be able to pick a category of things you want (say, computers) and make an ordered list of the products within that category according to which (computer) you prefer over another: I want (1) a Mac Book Pro over (2) a Toshiba Satellite over (3) a Dell Inspiron over (4) a freaking e-Machine.
The point about substitutability involves thinking about price and value.
There is even a famous diet and nutrition researcher who published a book on eating right for your gene type.
The assumption underlying this book was that everybody’s genes end up producing one of eight classifications for body type/genotype.
Something is ultimately substitutable if when the price of one good goes up, its substitute experiences higher demand.
The price of laptops go up, all of a sudden desktops start to look really good.
Finding love is a hot commodity—something heavily in demand, but not so easily obtained.