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Fall 2020
ISSN 0890-913X
Volume 35, Number 3

Dismal Dating: A Student’s Guide to Romance Using the Economic Way of Thinking

Ninos Malek, San Jose State University
Charity-Joy Acchiardo, University of Arizona
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TheJournalofPrivateEnterprise35(3),2020,93108EDUCATIONALNOTEDismalDating:AStudentsGuidetoRomanceUsingtheEconomicWayofThinkingNinosMalekSanJoseStateUniversityCharity-JoyAcchiardoUniversityofArizona______________________________________________________AbstractAsprofessorsofeconomics,wemeetourstudentsatatimewhenromanticrelationshipspreoccupymuchoftheirtimeandthought.Whynotbuildonaninteresttheyalreadyhavetointroduceeconomicprinciples?Researchshowsthatstudentsretainnewknowledgebetterwhentheycanrelateittotheirownexperience.Here,weuseexamplesthatstudentswhoarelookingforlovewillfindfamiliarandshowthemhoweconomicsinfluencestheirdatingbehavior.Weprovidebothdiscussionpromptsandmediaresourcestoreinforcetheseprinciples.______________________________________________________JELCodes:A21,A22Keywords:dating,economicwayofthinking,marginalthinking,unintendedconsequences,opportunitycosts,sunkcosts,elasticityofdemandI.IntroductionTheeconomicwayofthinkingisasetofglassesthroughwhichweseetheworldawayoflookingatnotonlytheintendedbutalsotheunintendedconsequencesofactionsorpolicies.Thisperspectivefocusesonhowincentivesaffectbehavior.Heyne,Boettke,andPrytchitko(2014)arguethattheeconomicwayofthinkingcanbesummarizedasallsocialphenomenaemergefromthechoicesofindividualsinresponsetoexpectedbenefitsandcoststothemselves.”Wecaneffectivelyteachourstudentsthiswayofthinkingbyapplyingittoanareaoftheirlivesthatconsumesalotoftheirattentionromanticrelationships.Economicseducators,especiallyattheprincipleslevel,knowthatmanystudentsarenoteconomicsmajors(Allgood,Walstad,and
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