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Fall 2020

ISSN 0890-913X

Volume 35, Number 3

Categories: Fall 2020 | Economic Education

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),2020,93–108EDUCATIONALNOTEDismalDating:AStudent’sGuidetoRomanceUsingtheEconomicWayofThinkingNinosMalekSanJoseStateUniversityCharity-JoyAcchiardoUniversityofArizona______________________________________________________AbstractAsprofessorsofeconomics,wemeetourstudentsatatimewhenromanticrelationshipspreoccupymuchoftheirtimeandthought.Whynotbuildonaninteresttheyalreadyhavetointroduceeconomicprinciples?Researchshowsthatstudentsretainnewknowledgebetterwhentheycanrelateittotheirownexperience.Here,weuseexamplesthatstudentswhoarelookingforlovewillfindfamiliarandshowthemhoweconomicsinfluencestheirdatingbehavior.Weprovidebothdiscussionpromptsandmediaresourcestoreinforcetheseprinciples.______________________________________________________JELCodes:A21,A22Keywords:dating,economicwayofthinking,marginalthinking,unintendedconsequences,opportunitycosts,sunkcosts,elasticityofdemandI.IntroductionTheeconomicwayofthinkingisasetofglassesthroughwhichweseetheworld—awayoflookingatnotonlytheintendedbutalsotheunintendedconsequencesofactionsorpolicies.Thisperspectivefocusesonhowincentivesaffectbehavior.Heyne,Boettke,andPrytchitko(2014)arguethattheeconomicwayofthinkingcanbesummarizedas“allsocialphenomenaemergefromthechoicesofindividualsinresponsetoexpectedbenefitsandcoststothemselves.”Wecaneffectivelyteachourstudentsthiswayofthinkingbyapplyingittoanareaoftheirlivesthatconsumesalotoftheirattention—romanticrelationships.Economicseducators,especiallyattheprincipleslevel,knowthatmanystudentsarenoteconomicsmajors(Allgood,Walstad,and

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Metadata [hide]

Title	Dismal Dating: A Student’s Guide to Romance Using the Economic Way of Thinking
Authors/Creators:	Ninos Malek, San Jose State University Charity-Joy Acchiardo, University of Arizona
Year:	2020
Volume:	35
Number:	3
Pages:	93 - 108
Publisher:	The Association of Private Enterprise Education
ISSN:	0890-913X
Document Type:	Educational Notes
Keywords:	dating, economic way of thinking, marginal thinking, unintended consequences, opportunity costs, sunk costs, elasticity of demand

Citation:
Malek, Ninos; Acchiardo, Charity-Joy / 2020. "Dismal Dating: A Student’s Guide to Romance Using the Economic Way of Thinking." The Journal of Private Enterprise, 35(3): 93-108.