New jobs for economists

by on August 25, 2006 at 7:41 am in Economics | Permalink

Michael Schwartz [my link] earned an economics doctorate from Stanford Univeristy before spending five years as an assistant profesor of microeconomics at Harvard University.  His research papers include "Synchronization under Uncertainty."

These days, Mr. Schwartz is thinking about how to use economics to save attractive women from unwanted solicitations on an Internet dating site [TC: he needs to confer with Miss Passey].  One idea employs the concept of "scarcity," rationing the number of messages each lothario can send.  Another uses full disclosure, by displaying how many people a suitor has already approached.

…A person familiar with the matter says Yahoo aims to build a team of more than a dozen economists.

…Mr. Schwartz…[is] currently writing a research paper about economic markets where one side of a potential transaction is eager to profess its preference for the other side, as is often the case with hiring and online dating.  The unequal relationship make such markets complicated and unpredictable.

That is from today’s Wall Street Journal, p.1, "Hoping to Overtake its Rivals, Yahoo Stocks Up on the Academics."

Matthew Cromer August 25, 2006 at 8:37 am

These days, Mr. Schwartz is thinking about how to use economics to save attractive women from unwanted solicitations on an Internet dating site

Is this somehow supposed to be a problem?

leo August 25, 2006 at 11:40 am

(Jacqueline, I guess that Matthew was kidding…)

save_the_rustbelt August 25, 2006 at 12:21 pm

Gosh, I’m glad I found my bride before the Internet era.

War and peace, world poverty, good looking women getting too many e-mail, this is a tough planet.

Patrick R. Sullivan August 25, 2006 at 6:34 pm

Here you go, Jacqueline:

http://www.wealthymen.com/

Mikkel August 27, 2006 at 12:20 pm
Paul Gowder August 31, 2006 at 10:04 am

See, this is why the economic way of thinking bothers so many people. Mark’s plan is intelligent, it would probably work (at least for some existent set of possible preferences), and in general would be a good idea for at least one site to try out.

Yet at the same time, it’s horrible and disturbing and altogether f***ed up.

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