It’s true what some say: Dating is, in fact, a science. In her new book Dollars and Sex: How Economics Influences Sex and Love,
author Marina Adshade explains how economics can help you find a more
satisfying relationship. “By looking at your romantic interactions from
an economist’s perspective, you can take the emotion out and understand
why you make the choices you do in a more objective way,” says Adshade, a
professor of Vancouver School of Economics.
For Dollars and Sex, Adshade spent 5 years researching the
parallels between economics and sex. Here, she shares five
tried-and-true theories that can help you change the path of your
relationships.
1. Understand your depreciating value.
Say
you’re in the market for a truck and see two almost identical cars on
the lot, with one exception: car no. 1 has been sitting there for a few
months, while car no. 2 came in yesterday. Which one are you going to
drive away with? No doubt, you’ll prefer new goods to an old lemon. Your
time spent solo works in the same way. “When you’re off the market for a
long time, it makes people worried about your value,” says
Adshade. Don’t scare your new date away by bragging that the last time
you had a serious girlfriend, Terrell Owens still played football. Avoid
sending a negative signal by switching dating sites every year, or give
a valid reason that defends your single status. (You’ve recently moved
to a new city, or your last job required a lot of travel).
2. Avoid a thin dating market.
One of the benefits of online dating is the ability
to filter potential mates. (Not a sports fan? No thanks!) Yet, doing so
can substantially diminish your chances of meeting a perfectly
compatible woman. By eliminating entire categories, especially those
based on race, religion and education, you’re actually lowering the
quality of your matches, Adshade says. Stay open-minded and be careful
about which boxes you check off. The same can apply to dating outside
cyber world: If you’re routinely going to the same nightclub, you might
miss Ms. Right.
3. Ignore the time and money that went into a relationship.
Economists warn against taking your past
expenditures (sunk costs) into consideration when making a financial
decision. Instead, focus on future costs. Although you might be tempted
to pour extra energy into a long-term relationship that has issues, the
bailout strategy isn’t the best way to go. When you realize that you
love your girlfriend, but you’re not in love with her anymore,
it’s time to reconsider if the union has a valuable future. You decision
shouldn’t be swayed by the fact that you’ve already invested several
years or that you have an apartment together, says Adshade.
4. Get out of a dating recession.
Yes, the economy is still shaky and the fear of unemployment looms.
Perhaps it’s not the ideal time to splurge on socializing, but you have
to look at dating expenses with confidence. The government touts that
spending is the fastest way to get out of a recession. Following this
advice increases your chances of starting a relationship. Although a
dinner for two can set you back $60, courting in style will score major
points. “Women are not trying to profit from a free dinner,” says
Adshade. “But by picking up the check, you’re sending a signal that you
want to invest in this relationship, and women are very receptive to
that.”
5. Calculate the cost of cheating.
Let’s say you’ve been dating your girlfriend for a year, spending at
least $1,500 on her. If you stray, there’s a 50 percent chance she’ll
find out. Using cost-benefit analysis as a model, your expected cost
equals equals your expenditure multiplied by the probability of being
caught. In this case, $750. The stakes go up with the investment—factor
in things like houses and mortgages, and you can do the math. “Not only
will you be losing capital, but you’ll do worse in the future dating
market as other women learn your history,” says Adshade. Relationships
are cartels, of sorts. Two entities get together and form an agreement,
like setting a certain price. If one of the businesses cheats and lowers
the price, he may profit in the short run, but eventually, he’ll be
punished by other businesses.
Source Mens Health
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