By no stretch can I call myself an economist — yet, as I reflect on my coursework at Georgetown, I have come to realize that economics is less about learning models and theories and more about bringing a new and rigorous perspective to everyday life. There are so many
Economics of hookup supply and demand where we can approach ideas and concepts from an economics state of mind. Take, for example, something near and dear to a lot of us: In this simple model, we have two actors — I refrain from assigning genders or sexual orientations to either one — who are in a situation where they encounter each other after recently hooking up.
Each player now has two options: They can either a pursue the other person by starting up a conversation or b brush off the incident as if nothing happened. We are also going to make some assumptions. There is no history — this is the first time they have hooked up. Each person does not know if the other person is interested. Pursuing the other person is contingent on that actor actually being interested in the other person. Economics of hookup supply and demand
Therefore, if one person is not interested in the other, that actor will not pursue. These two players go to a small school like Georgetown, where there is a high likelihood of seeing the other person again in public. In creating the game, we essentially have four possible outcomes: If both pursue, the implication is that both are interested in each other, which makes this most optimal outcome — again, only if both Economics of hookup supply and demand interested.
If the two end up not pursuing each other, there is no harm done. These outcomes are bolded in the table above. At the same time, there is the very real outcome of taking the chance and pursuing someone but being rejected because that person does not reciprocate
Economics of hookup supply and demand. It depends on how people generally perceive each other.
In a school where there is already a preconceived notion of hookup culture, individuals go in with the automatic assumption that everyone is out there just for a good time. Additionally, unsuccessful first iterations of a game, i. Finally, at a small school like Georgetown, there is the added factor of constantly seeing familiar faces on campus. This even further disincentivizes people from pursuing the other person in fear of potential social awkwardness as a result of rejection.
What are the takeaways from this? The first is how distorted perceptions of other people can end up further perpetuating hookup culture. When we mistakenly assume that everyone else is only interested in hooking up, we automatically become risk-averse and much less willing to take interest in the other person.
In reality, the situation may not be so dire: A recent survey by the American Psychological Association found that 63 percent of college men and 83 percent of college women said they would prefer a traditional relationship to hooking up. The misperception that no one wants to date only reinforces stereotypes of hookup culture.
The worst-case scenario is that you are rejected and you have to deal with some social ramifications. Given that more people are willing to date than we think, our expected returns on pursuing may not be all that bad. As someone who is about to graduate this May, I can personally speak about how misperceptions of hookup culture warp the way we view others.
So my leaving advice is this: For the lack of a more elegant explanation, your expected return is still pretty good. Have a reaction to this article?
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One Comment Kevin Chen says: October 12, at 3: Leave a Reply Cancel Your email address will not be published. Georgia Delayed My Absentee Ballot. Well written - unfortunately many of the issues raised here …. The core ideas in microeconomics.
Supply, demand and equilibrium. Economist Says Sex Is Supply And Demand — Men Demand It,
Economics of hookup supply and demand Sex, he says, as published on Neon Tommy is nothing more than an economic because the hookup culture is perpetuated equally by both men and. The dating market: a supply and demand explanation .com/posteverything/wp/ /08/26/hookup-culture-isnt-the-problem-facing-singles-today-its-math/.
A former frat boy turned Ph D student at USC, Sean Hernandez recalls watching the walk of shame from his balcony during his undergraduate years, a time-honored tradition on the row. Notably, the majority of people in the got laid parade were women. Why is it that so many women are the shackers, and men the shackees? This might interest an anthropologist, a sociologist, a psychologist, or a fratblogger such as myself. But an economist should surely have no interest in matters of human behavior, one might think.
Sean Hernandez would prove one wrong. Sex, he says, as published on Neon Tommy is nothing more than an economic equation. Men demand it and women supply it.
Hernandez interviewed students about house rank and sex.
Economist Says Sex Is Supply And Demand — Men Demand It, Women Supply It
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Drunk girl at party, interested or not?In fact, it's the Austin Institute's video “The Economics of Sex” that prompted today's Think of it as basic supply and demand. . In fact, a large part of the “ hook-up culture” that causes the Austin Institute and writers like Naomi. Laying bare supply and demand in the oldest profession sort was harder to obtain—there was no premarital hook-up culture. Women were..
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