All entries for Friday 22 April 2005

April 22, 2005

Single? – There’s a good reason why

Harvardís Philip Greenspun puts forward an argument here stating thereís a good reason why any given person is single/unmarried. The comments in the post highlight obvious problems with the view, but itís humorous nonetheless. No field is safe from the economist!

A friend trained in economics, let's call her "Polly", was over to the house for dinner last night. She asked if we knew anyone for a twentysomething friend of hers, let's call him "Bunbury", who worked a demanding software management job at a big software company. He was a "really nice guy" and she was perplexed that he couldn't find someone. If someone at the table had said "there is a company traded on the NYSE that is really undervalued" she would have immediately hammered him with an explanation of the Efficient Market Hypothesis.

Why then was Polly convinced that her friend was such a catch? Applied to romance, the Efficient Market Hypothesis says that if the guy were actually worth dating one of the millions of women who live within a 30-mile radius of his house would have figured it out.

Harsh words, but is there some element of truth? Read the full post here

Via How Not To Blog?

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