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A thick market is one with a lot of participants. And so you want your stock markets to be thick because then it'll be easier to trade, there'll be more supply and demand, and we'll have a more efficient market where transactions will be easier and nobody will feel they're getting ripped off.
Now in the online dating world and the job market, it's exactly the same. We want a thick market because we want better matches. And I want to go to one that has a lot of alternatives because I want people who are closer to what I'm looking for.
So the gastroenterologist market every year is exactly like the dating market. At the end of a fellowship, a gastroenterologist will go looking for a job. And there are hospitals out there that are looking for gastroenterologists, so it's a job market that is very much like an online dating site in some ways.
Now it's a very thin market. There are just a few hundred — I forget the exact number — gastroenterologists who become available every year. In some years, when supply of gastroenterologists is particularly low, the market breaks down. It's just too thin. And somebody has to come in and fix the market from outside, rather than let supply and demand naturally do it by itself.
Well, I met [my girlfriend] on JDate, and I think my story is actually the exact illustration of why thick markets are so important. My girlfriend works yards away from me. We actually had many friends in common. But we met on JDate.
And the reason — even though we had friends in common, we hadn't met, but we both went to where the market for the type of person we were looking for was thick, which is an online dating site. Verified Purchase. I enjoyed the comparisons between dating sites and economic concepts like "thick markets" and could be useful if you looking for dates this way.
Probably not broadly useful given his viewpoint of the world, as he touches on motivations of groups he's prejudging by identity politics viewpoints - makes sense given macro thinking that economists employ which is always wrong prejudging is unreliable for identity politics, and virtually useless when looking at an individual , sometimes offensively he appears to have the downed a few glasses of "women are wonderful" Kool-aid.
Good read. This book is fun, entertaining and very easy to read. I highly recommend it to anyone who is currently or has previously attempted to find relationships using online dating sites or if you enjoy applying economic concepts to every day life. The author uses a number of economic concepts and applies them to the realities of online dating. I will apply many of the ideas, which originate both from research and first-hand experience, in using online dating sites.
The author also uses quite a bit of self-deprecating humor in describing his own experiences. I did feel like there was a few things missing from the book, though. First of all, it is harder to apply all of the concepts to something as superficial as online dating, especially when using an app like Tinder.
He also seemed to be applying these ideas to paid user sites especially Match. com and comparing them to other avenues to meet people. Essentially, it's not really a "how to" book, as it is an enjoyable read on the economics of every day life. See all reviews. Top reviews from other countries. Translate all reviews to English. First chapter is very interesting - hooked me in. Was really looking forward to dig into this book - but the more I read, the less I enjoyed it. There are so many fascinating insights you could make around dating and economics - so why is the author mainly focusing around the two most well known facts in the history of dating?
Women look for wealth and men look for beauty. So much time is spent dwelling on this that you just wish someone would give you a fake call so you could ditch the book and do a runner. The author's fascination with the idea of signalling is terrible - having one or two special emails to send only those you really really want to meet, that be for a date or for a job interview does not seem very thought through. Consider a job applicant who sends applications a month to find a new job - and now gets the option to mark 2 of these with a signal so the employer knows they really want to work there.
If the applicant isn't right, the signal doesn't matter - the employer isn't going to award anyone an interview just because there's a signal adding weight to the intent. Now there will be 18 companies out there with jobs that could have be ideal for this candidate - if it wasn't for the fact that they are now armed with the knowledge that they aren't his first priority.
The self deprecating humor fast becomes REALLY annoying and you wonder if the editor was on vacation before letting this book off to the press - it could have been very well written if cut down in half. Only good thing about the book is that the author in the end reveals that he did indeed find love - although not by following the advice given in his book Libro come da descrizione, spedizione veloce giorno dopo , arrivato in una settimana in Italia. Report abuse Translate review to English.
I discovered this book because my fiancee listens to Freakonomics radio and heard a hilarious fascinating interview with the writer. It has a lot of the same kind of information as Naked Economics and Freakonomics so it was the authors comic writing style that made it impossible for me to stop reading.
I give this book 4 stars instead of five because while I think that it is a creative way to approach the subject matter there are things that a more statistical approach to relationships does not cover. For example, I always find a person's attitude about money and work reveals more about them than how much they do or do not have.
I continuously find that the economic dilemmas of educated people in underpaid work is not considered in the correlations between earnings and educational achievements as I find myself in a network of teachers and artists. And I also thought the book disregarded women who do not expect their mates to earn more money. Or that different people find different things to be attractive. Or that at the end of the day fields like economics can help us understand the patterns that contribute to who we are but there is something about romantic love and sexual attraction that is a mystery.
This is a pretty good economics book, explaining the concepts using online dating as case studies, as well as other things. If you are unattractive and you are really bad at school, then build your network! Get to know people, because who you know will help you get a better job. some economics papers refer to children as "consumer durable goods". Children can indeed be seen as long-term streams of cost and benefits. Aug 03, J rated it it was ok. This econ-major has been happily married for over a decade, but I couldn't pass up the opportunity to read a book aimed at popularizing economics.
Do not mention Malcolm Gladwell to me. He is to economics what Kim Kardasian is to culture. I was happy to see it had a recommendation from Lori Gottlieb. I liked her book - The Case for Settling for Mr. Good Enough. Logical thinking is rare and enjoyable to find in these circles. The book opens with a claim that most people use online dating. Is th This econ-major has been happily married for over a decade, but I couldn't pass up the opportunity to read a book aimed at popularizing economics.
Is that true? I know it is more popular these days, but most people? Most normal people? Part of me wondered if this was a big advertisement to date the author. I did like his personality. I respected the fact that he didn't trash talk his ex-wife. In the end, it seems he found a girlfriend - or "life partner" in his liberal terminology. I liked that the author did a good job of familiarizing the reader with economic principles.
It made me want to have discussions with people around economic principles and their application in every-day life.
I did not like that this author was stuck in uber-liberal thinking and made assumptions and statements based on their playbook without bothering to acknowledge or justify them.
I was really sad to see this in someone so educated and with a background in economics! I skipped sections on homosexuals scattered throughout the book. I also recommend skipping the entire chapters on "Statistical Discrimination" and "The Family" as it will be offensive anyone who is not uber-liberal. For example, from "Statistical Discrimination": "Racial profiling" is especially statistical discrimination.
The highway patrol is accused of pulling over more minority drivers, and Arab airline passangers often get extra attention when going though airport security. Some of this scrutiny is likely the result of taste-based discrimination, in that the police may be hostile to minorities and use their power to harass drivers from these groups.
The cool thing about economics is that it provides language and context for otherwise difficult discussions. It somehow makes things okay to talk about and challenge. A thing either can be proved or not based on observations and the application of economics principals.
A little more economics principles and a little less biased opinions would have made this an excellent book. I heard about this book in a Slate article and it seems to have been written for the Slate audience. Quirky and interesting, but without respect for conservative values or standards. Read up north over a few days. Fairly quick, easy read. The back cover says the author is a Professor of Economics at Stanford University and lives in "Stanford, CA".
Stanford University is located in the town of Palo Alto. We were just there on vacation this spring. Was that a typo? Is there actually a "Stanford, CA"? I'm use to economists being fairly conservative because the discipline requires a close adherence to reality. It was eye-opening to see this highly educated man's bias. I'm never letting my daughter attend Stanford or sadly probably any of the ivy leagues , if even the economists are liberal!
View 2 comments. Mar 24, Liam rated it really liked it. The proliferation of smartphones made it possible for skiers to question snow reports in real time. One SkiReport. More like 0. Most notably, large firms pay their workers more than small firms do.
Aug 10, Nora Vickery rated it really liked it. Disclaimer: This is not really a review, more like my scattered thoughts after reading. My thoughts do not always take the form of complete sentences. Having served my time in the dating trenches recently, Oyer didn't tell me anything I didn't already know about online dating, but it was interesting to see it applied to economics-a subject I never thought I had much interest in. Each chapter covered a new concept, so I was never confused.
A revelation was utility and that economists s Disclaimer: This is not really a review, more like my scattered thoughts after reading. A revelation was utility and that economists study how people maximize or attempt to maximize their utility. Utility can be roughly translated at happiness here. You don't think about economists as studying happiness. May 11, Linnea Arneson rated it really liked it. After reading the freakonomics books I was looking for another quirky economics book, and this one lived up to my expectations.
I learned a lot about bothmicroeconomics and online dating. I think there's a real niche out there for crossover books like this one. It shows that economics doesn't just apply to Wall Street. Also the long title makes it cool. Apr 16, Jane Potter rated it really liked it. I really enjoyed this. Economics is not unlike social psychology. I like how the author used the online search for love to teach me these theories.
Search theory 2. Cheap talk 3. Network externalities 4. Signalling 5. Statistical discrimination 6. Thick vs thin markets 7 adverse selection 8. Positive assert stove mating 9. Return to skills Oct 16, David Johnston rated it it was amazing. Excellent entertaining and concise book. I looked forward to reading every chapter of this book.
I found it very easy to read while keeping me engaged - the mark of a good book. Dec 14, Margaret Sankey rated it liked it. Like other popular economics books I've read lately, this is a breezy and entertaining attempt to explain basic concepts of behavioral economics using personal and frankly pretty funny examples from a burgeoning new field of economic inquiry--online dating.
Feb 16, Michael rated it really liked it. I found the economic analysis of other industries law clerking, cashier performance in supermarkets pretty interesting. Regarding online dating, it's pretty much the same stuff that various online dating blogs have covered.
Mar 20, Diana Olivares rated it really liked it.
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Plus, he does not even try to put any effort to explain the research findings but just describe it like a fact At least show me some graphs, right? He backs up his finding with many references. Amazon Warehouse Great Deals on Quality Used Products. Mixed-Mode relationships, using the world's largest community for nothing. If you're a bad shopper, you might over-pay for melons at the grocery store or get taken by a car dealer. Brief content visible, double tap to read full content. The problem is that it may not do something really wrong but the book does nothing really right and the novelty of online dating connecting to economics begins to seem overused near the end of the book.Show details Hide details. But he eventually realized that he loved to do analytical and academic work so he entered the PhD program at Princeton University. Women look for wealth and men look for beauty. Customer Reviews, including Product Star Ratings help customers to learn more about the product and decide whether it is the right product for them. Paul has visited all of the fifty United States. Mixed-Mode relationships, using the world's largest community for nothing.