PAUL OYER: Well, in everyday life, we’re always going around making decisions and some of those decisions are very costly.
So when I go to the grocery store, if I spend a lot of time scanning the shelves, I could be doing other things.
So online dating has actually provided a boon to the market, or at least from my perspective I think of it that way.
Now it has its downfalls that we’ll probably get to, but at least it’s a sort of quick way to get a feel for people that might be of interest to you.
So you have to spend the time going through profiles on websites and things like that and that can be very costly.
But when you do shop for a house, you just need to find the one you really want and be willing to pay enough for it.
Whereas, when you pick a life partner it’s much more akin to the job search. And as a result, what ends up happening is both employers and people looking for jobs as well as people looking for significant others are always wondering could I do a little bit better? So I might date somebody a few times and I think, well, you know I can probably find a match that would be a little bit more appropriate.