The Answer Is Transaction Costs cover image

Dating, Marriage, and the Costs of Search

The Answer Is Transaction Costs

00:00

The Importance of Transaction Costs in Marriage

If you can use transaction costs to eliminate an option, it may improve your bargaining position. Voluntarily incurring transaction cost is a costly signal which from a game theoretic perspective is a commitment device. Escort services solve this problem by charging money. On a date, you're making each other better off if it's a good date.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app