Using a combination of basic economic principles, demographics, game theory, and number crunching, Jon Birger explains America’s curiously lopsided dating and marriage market among single, college-educated, looking-for-a-partner women.

Economics dating market video

Put that all together and the “cost” of finding sexual gratification is far lower than it used to be.

, and he stresses that low prices are not always good.

After all, sex-partner surveys are notorious for producing the mathematically impossible result that men are having more sex with women than women are having with men.

But whatever the case, the difference is far from overwhelming.

When asked about their most recent sexual partner, few (about 5 percent) say sex began “the day we met.” But about a fifth to a quarter say it began “after we met, but before [we were] in a relationship.” On the other end of the spectrum, about 5 percent say it took “more than a year,” and about 10 percent say it wasn’t until “after we got married.” A common theory about casual sex is that it happens only for the “alpha males,” who “monopolize” the few women willing to engage in it while the “beta males” are left out.

But this suggests a gender imbalance that doesn’t exist: The 10 percent of men with the most partners in Regnerus’s survey reported 52 percent of the (opposite-sex) sexual partners, compared with 48 percent for the top tenth of women. A market is a expression for the process by which households decisions about consumption of goods, firms decisions about what and how to produce, and workers decisions about how much and for whom to work are all by . Much of economics is devoted to the study of how markets and prices society to solve the problems. your desire to eat and your limited resources, the low hamburger price told you that this was a good way to your appetite. Thepriceofsteakishighenoughtoensurethatsocietyanswersthe"forwhom"questionaboutlunchtimesteaksinfavourofsomeoneelse. Thecafeownerisinbusinessbecause,giventhepriceofhamburgermeat,therentandthewagesthatmustbepaid,itisstillpossibletosellhamburgersataprofit. Ifrentswerehigher,itmightbemoreprofitabletosellhamburgersinacheaperareaortoswitchtoluxurylunchesforrichexecutivesonexpenseaccounts.. Thestudentbehindthecountersworkingtherebecauseitisasuitablepart-timejob,whichpaysabitofmoney. Ifthewageweremuchloweritwouldhardlybeworth,workingatall. Conversely,thejobisunskilledandthereareplentyofstudentslookingforsuchwork,soownersofcafesdonothavetoofferveryhighwages. Pricesareguidingyourdecisiontobuyahamburger,theowner'sdecisiontosellhamburgers,andthestudent'sdecisiontotakethejob. Societyisallocatingresourcesmeat,buildings,andlabourintohamburgerproductionthroughthepricesystem. Ifnobodylikedhamburgers,theownercouldnotsellenoughatapricethatcoveredthecostofrunningthecafeandsocietywoulddevotenoresourcestohamburgerproduction. People'sdesiretoeathamburgersguidesresourcesintohamburgerproduction. However,ifcattlecontractedadisease,therebyreducingtheeconomy'sabilitytoproducemeatproducts,competitiontopurchasemorescarcesuppliesofbeefwouldbidupthepriceofbeef,hamburgerproducerswouldbeforcedtoraiseprices,andconsumerswouldbuymorecheesesandwichesforlunch. Adjustmentsinpriceswouldencouragesocietytoreallocateresourcestoreflecttheincreasedscarcityofcattle. Therewereseveralmarketsinvolvedinyourpurchaseofahamburger. We hope that you will join us for a lively evening discussion of economics, game theory, and dating.