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So loneliness in the partner market is basically similar to unemployment in the job market.SARAH GREEN: Well, and as you point out in the book, there is one way in which both romantic partners and potential employers try to get you to choose them by signaling either how desirable they really are or maybe at least how much they’re really interested in you.And if I want to buy a new house and I go from open house to open house, I could be doing other things.However, we invest in those search costs because it’s worth it, because we get something we really want.And the idea here is I need to make it expensive for you to signal to me that you’re very interested in me.
He’s the author of the book, Everything I Ever Needed to Know About Economics I Learned from Online Dating. Can you just maybe describe what the concept is and how you’ve applied it to this idea of looking for a life partner?Now it has its downfalls that we’ll probably get to, but at least it’s a sort of quick way to get a feel for people that might be of interest to you.So you have to spend the time going through profiles on websites and things like that and that can be very costly.We just buy one share of whatever company it is or we just buy one ton of soybeans or whatever it is.
But when we’re picking a life partner, everybody’s different. So in an ideal world, we would have the ability to search every single person out there and pick the ideal match.Shopping for a house and shopping for, that’s terrible terminology, but trying to find the right life partner are very similar in the one sense where each one is different.