On Strategy and the Likelihood of Success in Marital Matchmaking Under Uncertainty
13 Pages Posted: 7 Sep 2004
Date Written: August 2004
In contemporary times, in both the East and in the West, individuals wishing to get married have made increasing use of matchmakers. This notwithstanding, economists have paid scant attention to the strategies employed by matchmakers and to the likelihood of success arising from the use of these strategies. Consequently, this paper has two objectives. First, we specify a local and then a global strategy for matching male and female clients and then we compute the expected total cost to a matchmaker from the use of these strategies. Next, we calculate the mean number of successes that our matchmaker can hope for. Finally, we provide an upper bound on the probability that the number of matching successes is at least 1+theta times the mean number, where theta is any positive number.
Keywords: Matchmaking, Marriage, Strategy, Success, Uncertainty
JEL Classification: J12, J41, D81
Suggested Citation: Suggested Citation