This link has been bookmarked by 31 people . It was first bookmarked on 10 Apr 2008, by JimC Rast.
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joyceleungHow economics and game theory explain the shortage of available, appealing men.
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23 Apr 08
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In fact, game theory predicts, and empirical studies of auctions bear out, that auctions will often be won by "weak" bidders, who know that they can be outbid and so bid more aggressively, while the "strong" bidders will hold out for a really great deal. You can find a technical discussion of this here. (Be warned: "Bidding Behavior in Asymmetric Auctions" is not for everyone, and I certainly won't claim to have a handle on all the math.) But you can also see how this works intuitively if you just consider that with a lot at stake in getting it right in one shot, it's the women who are confident that they are holding a strong hand who are likely to hold out and wait for the perfect prospect.
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21 Apr 08
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11 Apr 08
I wonder how does it apply to divorce rates?
mark_gimein slate game_theory relationships everyday_economics delicious_import
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10 Apr 08
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09 Apr 08
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