Lucky 13

Dear Readers

Happy New Year 2013! Dr de Bergerac’s new year resolution is to blog weekly now. Every Friday you will find a new comment or article or letter informed  by LoveOnomics. You are also welcome to contribute – all sensible comments will be posted, and the most qualified commentators will be invited as guest bloggers. Howzat.

Let’s start by keeping the resolution today and offer some insights on a slippery topic: doubts before marriage.  The Washington Post shows how current the topic is.  What do Economists think?

Doubts clearly express incomplete information: uncertainty about the success prospects of the marriage, as one cannot look into the future. Note that I said incomplete information, not insufficient. Information will always be incomplete; the question is whether it is sufficient. As a matter of fact, it has been shown statistically that most people acquire sufficient information about both the date and the dating market after dating 12 people. If Mr or Ms Doubtful is number 13, and tops the other 12 under any perspective, then he or she is very likely Mr Right.

If not, you need to keep searching. Or rather – pick the One out of the line-up of 13 that tops the list.

Best of luck for this lucky year, and keep in touch!

To call or not to call, that is the question.

onthephone

Imagine you had a pleasant date and hope to see that person again. Should you call? – Let’s look at it from the economist’s perspective.

A phone call is an effort, an investment with a risk attached like all investments: you might earn the reward of a delighted reaction and indeed, a repeat encounter. Or you might experience various degrees of failure: lack of interest, a cold reception, or worst, a clear signal of refusal. Weighing the reward against the risk, you may think that on balance it’s not worth it.

This is because we tend to over-value losses compared to wins. Daniel Kahneman and Amos Tversky showed in a Nobel Prize winning study that people perceive loss of a certain object as hurting more strongly than the joy coming from winning that same object. The loss or gain is objectively the same, but the human psyche values it differently according to the original situation. Human beings have a tendency to stick to the status quo, and deviations, whether up or down, always have a cost. This discounts gains a bit, and adds to losses. In the context of weighing the risks and benefits of calling a date, this means that most people (if not all) tend to judge them somewhat too pessimistically on balance.

Therefore, our first recommendation: unless you are sure of a refusal, take the risk of calling. The pain of refusal is usually less than imagined. Here, being confident is usually more realistic.

Let’s look at what people actually do. Two large-scale surveys have asked women and men about their calling habits and any successes after dates the dating agency ‘Just Lunch’ asked 38,912 singles, and match.com surveyed 5,000 daters. Here is what they found. Women seem to line with Kahneman and friends: 49% of them never call or expect the man to call first. 20% call two days later, while 15% call the next day. On the other hand, dating men are more courageous: 45% of them say they call the next day, 32% call two days later, and 14% call three days later.

That’s 91% of men calling after a date, wow. Most dating men seem to have overcome the deceptions of loss aversion, congratulations. A small catch with these survey answers is that they leave out those who never or very rarely date. Those who actually have a date to ponder about are potentially a more courageous lot than the non-dating. Anyway, as a bottom line, the figure is quite encouraging.

What about follow-up dates after calling? With such a high calling rate of men, it doesn’t surprise that those who don’t call within 24h rarely arrange for a follow-up date: only 1 in 8.

Therefore, our second recommendation: as a woman, don’t waste too much hope on the chaps that don’t even text within the first 24h, or 48h max. Don’t put all your eggs into one basket and keep dating other people.

 

 

Christmas Special: Kids and Relationships

What do kids do to a relationship? Will your marriage be better or worse for it?  – Recent research published by W. Bradford Wilcox and others at the University of Virginia digged out interesting findings. It turns out, that, on average, parenthood decreases marital happiness. Not overall happiness, but marital happiness. Yet, a significant minority of 35% (about the share of the winning parties in the recent elections in North Africa) remain happy in their marriage, or even see their marital happiness increase after children arrive.

What do these folks do differently? Here is a quick account of their top 6 relationship factors:

1.       A happy and active sex life. In terms impact, this is the strongest factor. “Sexually satisfied wives enjoy a 43-percentage-point premium in the odds of being very happy in their marriages, and sexually satisfied husbands enjoy a 46-percentage-point premium in marital happiness.”

2.       Thinking ‘we’ instead of ‘me’. Married parents who score above average in terms of commitment are at least 45 percentage points more likely to report being “very happy” in their marriages, and 23 percentage points less likely to be prone to divorce.   ‘Commitment’ measures the extent to which spouses see their relationship in terms of “we” versus “me,” the importance they attach to their relationship, their conviction that a better relationship with someone else does not exist, and their desire to stay in the relationship “no matter what rough times we encounter.”

3.       Random acts of kindness. Married parents who are generous with each other —both in terms of giving and receiving in a spirit of generosity—are significantly more likely to report that they are ‘very happy’ in their marriage. Generosity is defined as the virtue of giving good things to [one’s spouse] freely and abundantly, and encompasses small acts of service (e.g., making coffee for one’s spouse in the morning), the expression of affection, displays of respect, and a willingness to “forgive him/her for mistakes and failings.”

4.       A family-centered value system. Independent of religion, couples who value family life, and having and rearing children, and always did, are obviously: happier parents.

5.       Good friends and peers who share the experience of parenthood. “Research suggests that parents who have friends or peer support groups with whom they can talk about the challenges of parenthood do markedly better than parents who go it alone.”  But the influence of family and friends can be for good or ill.  Family and friends who encourage strife or who give a bad example are no support for married parents.  On the other hand, couples who experience high levels of support from family and friends for their marriage also report a more happy marriage. This factor ranks no. 5 for women, but is not in the top five for husbands.

6.       Shared and practiced religion. Couples who attend religious services together are more happy parents. Couples who subjectively feel ‘God at the center’ of their marriage are even more happy. “Shared religious attendance is linked to an increase of more than 3 percentage points that a parent is very happy in marriage, and to a decrease of more than 3 percentage points that a parent is prone to separation or divorce.” (These percentages increase 8-fold for couples who see a divine presence in their marriage.) – It strikes me that couples with young children who attend services together also have either (i) very well behaved children or (ii) a flexible solution for childcare.  – This factor ranks no. 5 for husbands but is not among the top five for wives.

These are the top 6 relationship factors that make husbands and wives happier parents. Our next special will look at the top social factors with the same influence…stay tuned!

Happy Xmas tide until then!

 

Do looks matter?

Dear Economist,

Do looks really matter in the dating market? I mean, conventional wisdom holds that they do. But I seem to observe that many plain girls have found their soul mate, while several beautiful ones haven’t. Before I invest time, energy and money into bettering my exterior, could you confirm that it would be wise to do so?

Sincerely, Layla

Dear Layla,

That is a very good question. While your observations are probably right, your conclusion is wrong. Daniel Hamermesh at the University of Texas has researched the topic of ‘looks’ since the early nineties and gives us four important lessons:

1) Finding a spouse does not depend on looking good.

Holding age and education constant, a woman’s looks are completely unrelated to her chances of being married.

However, your observation is true in the short run: the average looking girls will find a match more quickly, because they are approachable by many men. On the other hand, the rarer you are, including in (good) looks, the longer you will have to search to find comparable material.

2) However, the better you look, the more educated (and therefore better earning) your husband will be.

Hamermesh’s key paper finds that looking average or above gets you a husband with one more year of education compared to the below average lookers (other things held equal).

3) It’s worth checking the looks of your beau: in the workplace, looks are more important for men than for women.

Unattractive women make 12% less than attractive women, but unattractive men make 17% less than the attractive ones.

4) Plastic surgery does not pay.

Even with the results above, don’t go overboard. For each dollar spent on the surgery, you get less than a dollar increased in earnings.

Happiness: invest in your relationships, not your career

We kind of suspected it: relationships are worth so much more than many things we usually strive after (career, money, property…). When you want true happiness, claims David Brooks in ‘Social Animal’, your best investments are many, trusting and deep relationships. A good marriage is apparently worth $120,000 a year just by itself. (Dr de Bergerac thinks this is an understatement.) Every friendship, multiplied by its depth, adds to the happiness income.

So there we go. Starting next week, make sure to leave your desk at 5pm sharp and call up your buddy instead of reviewing the accounts once more.

How long should you wait for sex?

Dear Economist,

how early in a relationship should you expect, or give in to, sex? I hear so many views on this topic that I am quite confused. Most guys want it as early as possible, and by the third date at the latest. Many dating gurus advise to wait – but not on how long. The only advice on timing comes from several world religions, which promote waiting until marriage. But how can this work in the modern world of dating? There seem to be no rules. – Now, do economists have a view on this?

Grateful for any light in this confusion, Yours, Katja

Dear Katja,

thanks for giving us an opportunity to answer this awesome question. We hear it a lot in conversation and counseling practice, but few people dare debate it online in a serious manner.

Yes – economists do have an opinion. A clear one, and empirically founded one. You should wait – for as long as you need a clear head to decide if the guy is the right one for you, and deserves your trust. (The question to you is then: what is ‘the right one’? If you are looking for someone to marry, then, yep, waiting until marriage is a good idea.)

Because after sex, the clear head will be gone and you will trust blindly. We owe this insight to a team of experimental economists at the University of Zurich. They tested the effect of oxytocin (the hormone women emit during orgasm, and also childbirth) on people’s judgment in an investment game. While the testees could still calculate well, they started to behave more trustingly and thereby opened themselves up to abuse.

Now, while it’s a good idea that mum and baby are bonded in blind trust, it may not be quite so useful in a dating relationship. Imagine you are high on oxytocin with someone that for some reason does not deserve your full trust. You risk being mucked about without even noticing.

You will say, great, but how can I ‘wait for sex’ in practice? My friends will think I’ve gone nuts.

First, your friends’ (or the majority’s) opinion should not come before your own wellbeing. Second, those who agree with the above (e.g. many world religions) have figured out all sorts of ways to delay sex until a time when it’s right. My favorite books on the matter haven been written by ladies who tested both worlds (waiting and not waiting)and then made their own conscious choice, Dawn Eden and  Wendy Shalit. You can save yourself your own trial-and-error by just reading about theirs.

Hope this works for you! Do check back in.

Best wishes,

Dr de Bergerac

How can a woman find her man?

Dear Economist,
much of your advice appears to be geared to men, who seem to be entitled ‘by tradition’ to be the active ones in courtship. What about women? Do economists have a view on gender differences in courtship? How can a woman find her man?
Sincerely, Emma

Dear Emma,

Well spotted. Much of the economic literature we apply to dating is indeed ‘non-gendered’ and gives the same advice to men and women. It looks like we are contradicting dating advice of the Mars and Venus kind.

But not quite. Economists have sometimes even assigned extreme gender roles. Lena Edlund rose to fame for a paper that assumed women were ‘sellers’ and men ‘buyers’ of sex, whether in a lifelong contract (marriage) or a temporary one (prostitution). The assumption is that women’s relative indifference to sex gives them a bargaining advantage.

Even if we want to take it a bit easier, the idea that women are sellers and men buyers in the dating game is not counterintuitive, and Dr de Bergerac found it to resonate with friends and family. Several successfully dating ladies reported the following activities as useful: putting up their profiles at online and other dating agencies, making sure they are socially active and well known (also see this article) and paying attention to their overall visual appeal. Exactly what a seller would do.

Try it out and let us know how it goes.

All the best,

Dr de Bergerac

Why Professional Women Marry Late

“The timing of a first marriage is related to the attractiveness of the alternatives to marrying. When women value roles that provide viable alternatives to the role of wife, they delay marriage.”

(Allen, S. M. & Kalish, R. A. (1984). Professional women and marriage. Journal of Marriage and the Family, 46(5), 375-382.)

Dr de Bergerac is interested in this topic because she witnesses so many professional, attractive, intelligent women who are single and say they don’t want to be. They thrive in their careers, yet they do not seem to find The One. And those who do, do it much later than the population average. Why?

The scientific answer seems to be: they also have better things to do than the population average. If a date competes with a project at work that is fulfilling, bodes success and a higher income – then the date better be at least as fulfilling, easy-to-present-to-others, and liquid. Of course work and relationships fulfill different needs – but they also compete for the same, scarce resource: time. Professional women have less time and higher demands for relationships, given their alternative options. Both together are likely to keep them single.

Is there a way out other than asking the women to lower their standards? – Yes, outsourcing and delegation. Professional women could outsource the elements of dating they consider non-essential (to online matching services, professional marriage advisers..) and delegate those pieces of work they do not absolutely need for their career: let the intern pre-draft important emails and write the first version of the report. He’ll be thrilled and his boss will have more time to look for The One.

There are no women where I work. How do I go about finding a mate?

Dear Economist,

I am 40, never married, and more than ready to settle down. But I work in a sector that is virtually free of women. So, although I don’t smell, am not dramatically stupid or unattractive, I do not meet enough eligible women to find a soulmate.  Do you know a way out? –  Sincerely, Out with the Guys.

Lonely Guy

Lonely Guy

Dear Out with the Guys,

a word of comfort: you are not alone with your problem. We regularly hear similar stories from IT geeks, engineers, and the army staff…just to name a few. We actually also hear them from primary school teachers, nurses and nannies….in short, any job where one gender vastly outnumbers the other.

You are suffering from a situation that George Stigler (‘The Economics of Information’, 1961) would call ‘high search costs’. You can meet women, get to know and date them, but your ‘cost’ of doing so is much higher than in an evenly gendered market. You probably have to travel to meet a woman of your age, spend more money on gas, the phone and mail to keep in touch, and spend more time thinking about where to meet the right woman. All these are ‘costs’.

As you can read from our previous post, the first phase of the dating game can be seen as a search effort, similar to checking out various products before we know the quality range available in the market. Checking out an additional product provides you with a knowledge gain about the quality range. But, as the range is given, and won’t expand with searching, the benefit of getting to know an additional item – or person, rather – diminishes with each person met.  At the same time, the cost of meeting another person stays the same, for each and every additional person met. In your case, this cost is rather high.

Usually, a rational person stops searching when the additional benefit of meeting another person has diminished so far that it is equal to the cost of meeting another person. In your case, if we leave everything as it is, this situation would actually occur rather early. You would date few people before you settle, because the cost is just so high. In other words, you are readier to commit than some of your fellow daters.

This in itself makes you quite eligible for the other gender. Women tend to get serious with men who are ready to get serious.

On the other hand, we don’t have to leave everything as it is. You can lower your search costs, e.g. by using online dating, matching services, newspaper ads; and also, old-fashioned but effective: drawing on family and friends networks. If you want to maximize your search efforts even further, target your outings from the Guys’ Enclave towards places where you are likely to find many women: kindergartens, spas, cosmetic and shoe shops, aerobics, dance and yoga classes, classical music concerts, church and synagogue, and book clubs, just to name a few. Also, if you weren’t in a Guys’ Enclave previously, think back to that time and the women you knew then: anybody you would like to get back in touch with?  – Go for it (as long as she’s still free and not an ex) and reap the benefit of previously invested search expenditure.  – We don’t promise miracles, but the above efforts should dramatically improve your likelihood of meeting Mrs. Right.  FYI, Dr de Bergerac and her spouse (re)met like that, when actually already well past thirty, and so did a couple among their friends.

Now that we have more or less devised a strategy, let’s look at the likely outcome of a situation like yours. Being the majority gender may actually not be the worst thing (depending on the ratio..) especially if you are a guy. It is true that usually, the ‘outnumbered’ gender is the secret winner of a gender ratio out of sync, enjoying the competition for their favours, and dictating the market rules. So if more men compete for less women, the women dictate the rules. Turns out that in a dating market, that is not the worst thing. Joshua Angrist of the MIT found out that in communities where men outnumber women, there are more marriages, men earn generally more and parents of young children earn more. (How do Sex Ratios Affect Marriage and Labor Markets?, QJE 2002) Looks like in some areas of life, it’s ok to have the rules written by the ladies…

In any case, best of luck, and check back in with your success story.

Your Economist

How many people should I date?

Dear Economist,
I am usually a patient person, but maybe I am overdoing it. I have dated about five different girls, and more or less seriously, but I can’t decide myself. One’s advantages are another’s disadvantages. I know nobody’s perfect – but when should I stop? When can I be sure to have dated enough people to settle down?  – The process of serious dating isn’t exactly cost-free you know…your advice much appreciated!  – An efficient dater.

man waiting to settle

Dear Efficient Dater,

you are raising a very good question. The answer is, as you probably suspected, there is indeed an optimal number of people to date; a limit after which you can be confident with your choice.  – Economics provides a reason for why there is a limit, and statistics tells you when you have reached it. Let’s start with the economic part.

It was George Stigler, who, as far back as 1961, made a case for limiting one’s search. (He thought more about searching the optimal household appliance, but his reasoning holds just as well for dating..) Stigler says, any market has a given range of quality. We don’t manage to expand that range by searching more, we just get to know it better. In other words, the more you search, the closer you are to having tested the entire available quality range. This also means, with every additional person that you meet and date, your additional knowledge gain diminishes.

At the same time, the effort, time and money spent on an additional date do not diminish. So you are likely to have ‘spanned’ the quality range after a limited number of dates, after which additionals only cost time and money, but do not provide quality gains. Rational daters will settle after reaching this number.

So, where is that number, on average? The answer is twelve.  Knowing twelve people should be enough to know the quality range available in the dating market.  Peter Todd from the Max Planck Institute for Psychological Research did the odds (in his paper ‘Searching for the next best mate’, ebda 1997). Following Todd’s ‘fast and frugal algorithm’, if you date twelve people and then choose the one further person that tops the list, you have a 75% chance of getting it right.

So, bottom line, dear Efficient Dater, you are not there yet. You need to hold out for another 7. If you are honest and stay out of the bases there’s nothing wrong with checking them out in parallel. Might be less costly, too.

Good luck, Your Economist