Friday, April 11, 2008
Tyler Cowen over at MR had this to say re: a new article on the Atlantic Monthly about settling down.
'So the "strong bidding women" can always cave and settle for a "lesser man" after an optimal amount of waiting, yet many don't. The distinction between period-by-period happiness and overall lifetime happiness also shapes the market. As smart single women mature, their lives get better and better. "Settling" becomes psychologically harder, even if it would make some of the "settlers" happy in the longer run. So settling doesn't happen; decisiveness become harder to conjure up at the same time that its long-run value is increasing, or in other words behavioral economics is very much at work here.'
As I just noted to a friend the other day immediate happiness doesn't always lead to happiness over time. Quite an article. It will, definitely, make some of my readers react a certain way...
Read it here.
graph per atlantic