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Matching theory evolved from an earlier framework called 'search theory'.
Where search theory studies the microeconomic decision of an individual searcher, matching theory studies the macroeconomic outcome when one or more types of searchers interact.
A matching function is in general analogous to a production function.
But whereas a production function usually represents the production of goods and services from inputs like labor and capital, a matching function represents the formation of new relationships from the pools of available unmatched individuals.
(For simplicity, we are ignoring the entry of new workers into the labor force, and death or retirement of old workers, but these issues can be accounted for as well.) Suppose we write the number of workers employed in period as a fixed constant.
But the fraction of workers separating per period of time can be determined endogenously if we assume that the value of being matched varies over time for each worker-firm pair (due, for example, to changes in productivity).
Genius is taking a complex concept and relating it to an audience in such a way that they would understand it and remember it. It is also refreshing that Paul Oyer unabashedly uses his own experiences of online dating to teach us the basics of economics.
Dating was now dominated by sites like Match.com, e Harmony, and Ok Cupid. It turns out that dating sites are no different than the markets Oyer h Conquering the dating market—from an economist’s point of view After more than twenty years, economist Paul Oyer found himself back on the dating scene—but what a difference a few years made.
Oyer also provides examples with e Bay, financial Web sites, and mo Genius is not reflected solely in whether a person has a unique idea, in my opinion.
Oyer also provides examples with e Bay, financial Web sites, and mostly anything internet related to make his point. While I did notice a few editorial mistakes in the book, this did not detract from the enjoyment of reading it.
And then after noting that more attractive people get more promotions regardless of talent, he considers the argument that this is actually discrimination against unattractive people, only to dismiss it on the grounds that attractive people are in some unspecified way “worth more,” as if to say, “well, that’s all okay then.”On the other hand, I did find the book quick and engaging reading, and many of its examples are relatively interesting.
It’s probably not worth going out of your way to pick this up, but if you want some nonfiction beach reading, it could fit the bill.
For all online daters—and for anyone else swimming in the vast sea of the information economy—this book uses Oyer’s own experiences, and those of millions of others, to help you navigate the key economic concepts that drive the modern age.2.5 stars I shouldn’t have ignored the negative tilt to the reviews of this awkwardly-titled book, but the concept was interesting and so I read it anyway.